Best Of The Best Share Discussion Threads

[traderabc] 24/4/2009 15:23

Max Igan HR875 & Codex 03/19/09 1/5

[traderabc] 24/4/2009 15:12

Ron Paul predicts 15-yr depression, dollar crash in 1-4 yrs



Feds to limit gardening? (Monsanto, seeds, Ron Paul)

[traderabc] 24/4/2009 13:39

Hr 875 Monsanto's Dream Bill




Michelle Obama Plants "Kitchen Garden" At The White House

[donaceaceace] 24/4/2009 12:23

big deal add a £6 billion IPO to UK - that may help :)

[traderabc] 24/4/2009 12:22

Britain's national debt to reach £1.4 trillion under 2009 Budget
Source The Telegraph :

Britain's national debt will reach £1.4 trillion - equivalent to almost 80 per cent of the country's economy - after Alistair Darling announced plans to borrow another £700 billion over the next five years.


The unprecedented borrowing programme sparked warnings that a generation of British workers face higher taxes to pay off the debt, and raised doubts about international investors' willingness to go on lending to the UK.

The final figures could be even higher, since Mr Darling based his borrowing plans on an assumption that the UK economy will start to grow again later this year and rebound sharply by 2011.

[traderabc] 23/4/2009 18:10

Apr 23 Why Should We Invest in Commodities
It depends on the supply and demand. And we have had a dearth of supply. Nobody has invested in productive capacity for 25 or 30 years now. The inventories of food are the lowest they have been in 50 years and you have a shortage of farmers even right now because most farmers are old men because it has been such a horrible business for 30 years.

And as for metals, nobody can get a loan to open a mine as you know. Who is going to give you money to open a zinc mine? It takes at least 10 years to open a mine so it's going to be 15 or 20 years before we see new mines come on. Nobody has been opening mines for 30 years and they are not going to. And in the meantime reserves are declining.

As for oil, the International Energy Agency came out recently with a study showing that oil reserves worldwide were declining at the rate of 6% or 7% a year.

That does not mean that if suddenly the U.S. goes bankrupt that everything won't collapse in price. But I would rather be in commodities because it's the only thing I know where the fundamentals are improving. They are not improving for Citibank or General Motors but the supply situation in commodities is such that when demand comes back, then commodities are going to be the best place to be in my view.

[traderabc] 21/4/2009 13:37

Oil $35, FTSE 3250, Gold $775,

Brave calls there MH. What is your time period , a year?
If so here is mine,

Oil $75, FTSE 4500, Gold $1300.

The big issue is the £, this is the asset that will determine most peoples financial fate. I think it will go down further then most can imagine, not against the $ so much but a hell of a lot against 'real' assets.

[traderabc] 21/4/2009 13:29

Jim Rogers Speaks about His New Book 20 Apr 2009

[traderabc] 21/4/2009 11:26

The Gordon Brown Gold Rally Indicator flashes buy signal

[john hampton] 20/4/2009 17:18

Luckily for Rogers he made a fortune with Soros yonks ago and can afford to make wrong calls until they come right I guess, he always admits he's the worst person for getting timing right! He's a long term player and I understand is more into agri & commods, he's been busy buying up Land in Canada & Brazil, he wears funny bow ties too.

[montyhedge] 20/4/2009 17:02

Oil $35, FTSE 3250, Gold $775, he gets on Bloomberg thinks he is a guru, I would not give him airtime on tv, talking his own position up.

[traderabc] 20/4/2009 16:57

'never calls it right'

That's a lie for a start. He has been spot on for decades.

So MH lets hear your calls, what are your predictions?

[montyhedge] 20/4/2009 16:52

This tosspot Roger never calls it right and talks his own book.

[traderabc] 20/4/2009 11:25

I have followed this writer for almost a decade, he has been right more then wrong, perhaps too bullish, but he has made some very good calls and has helped organise protests against the manipulation of the silver price. Elliot Splitzer ignored our complaints about AIG 4 years ago. We were right, they were/are crooks.


Ten Reasons to Buy Silver Now
by Ted Butler | April 16, 2009

Amid all the recent attention I’ve placed on the continued manipulation in silver, some may mistakenly assume that diminishes the case for silver. Nothing could be further from the truth. I’m convinced that silver is a better buy than ever before. Here are detailed reasons why I believe that is the case.



Ted Butlers 'track record'.

[traderabc] 20/4/2009 11:24

Not All Economists Agree
by Peter Schiff, Euro Pacific Capital | April 17, 2009
Print

In a speech this week summarizing his administration's economic policies, President Obama grossly overstated the support these policies enjoy by claiming, "economists on the left and right agree that the last thing the government should do during a recession is cut back on spending." There are a great many economists who were surprised to learn that, apparently, they now agree with the President.

Reading straight from the Keynesian playbook, Obama justified the creation of multi-trillion dollar deficits by asserting that the government must fill the spending void left by the contraction of consumer and business spending. As one of those mythical economists who do not agree with the President, I argue that it is precisely this type of boneheaded thinking that got us into this mess, and it's the reason we are now headed for an inflationary depression.

[traderabc] 20/4/2009 00:44

Is there any gold inside Fort Knox, the world's most secure vault?


It is said to be the most impregnable vault on Earth: built out of granite, sealed behind a 22-tonne door, located on a US military base and watched over day and night by army units with tanks, heavy artillery and Apache helicopter gunships at their disposal.

Since its construction in 1937 the treasures locked inside Fort Knox have included the US Declaration of Independence, the Gettysburg Address, three volumes of the Gutenberg Bible and Magna Carta.

For several prominent investors and at least one senior US congressman it is not the security of the facility in Kentucky that is a cause of concern: it is the matter of how much gold remains stored there - and who owns it.

They are worried that no independent auditors appear to have had access to the reported $137 billion (£96 billion) stockpile of brick-shaped gold bars in Fort Knox since the era of President Eisenhower. After the risky trading activities at supposedly safe institutions such as AIG they want to be reassured that the gold reserves are still the exclusive property of the US and have not been used to fund risky transactions.

[traderabc] 19/4/2009 17:44

What's this?

Richard Russell
Dow Theory Letters snippet
Apr 20, 2009

April 17, 2009 -- What's this? The Financial Chronicle reports that China and India want the IMF to sell its entire holdings of gold to raise money for funding poor nations (yeah, since when have China and Russia [India?] been worried about poor nations?). The IMF has gold holdings of about $100 billion.

A very small part of China's reserves is in gold. It's obvious that China wants fewer dollars and more gold. If China went into the open market for gold, they would probably drive the price of gold up to $2,000 an ounce. My bet is that China would like to take in the whole $100 billion of the IMF's gold. And they're working on it.

[traderabc] 19/4/2009 10:51

April 17, 2009
Inflation, Maybe in 2010
History suggests that whenever you have a huge amount of currency created it always ultimately leads to higher prices and inflation. And I expect it this time to.

You can`t have so much money chasing so few goods, and remember the supply of most hard assets, commodities, natural resources is under duress. So the combination of less supply and huge amounts of money being printed, in my view its going to lead to inflation down the road. Maybe not this year or even next but I would be prepared.
Jim Rogers

[traderabc] 18/4/2009 12:46

Peter Schiff’s advice on fighting inflationary depression


The Gold Report
Friday, April 17, 2009

Amid an “inflationary depression” in the U.S., Peter Schiff, president and chief global strategist of Euro Pacific Capital, sees opportunities in the maelstrom. Facing a massive redistribution of wealth, he advises investors to act quickly and “divest U.S. dollar assets into physical precious metals, other currencies and equities outside the United States.” In this exclusive interview with The Gold Report, the widely-quoted expert on money, economic theory and international investing discusses what led up to our current “phony economy” and how investors can actually profit from the crisis.