Best Of The Best Share Discussion Threads

[traderabc] 14/9/2009 16:53

Millions More Thrust Into Poverty
Decade of Headway in Household Income Erased, Census Data Find


By Carol Morello and Dan Keating
Washington Post Staff Writers
Friday, September 11, 2009


A new comprehensive economic survey shows that the recession has plunged 2.6 million more Americans into poverty, wiped out the household income gains of an entire decade and pushed the number of people without health insurance up to 46.3 million.

[traderabc] 14/9/2009 16:47

This one should be safer then SLV and GLD, I'm thinking of selling them both and buying it in the break out ($1050 ish spot price)
Safe(er), 50% Gold/Silver, 90% allocated metal, no storage fees, one of the best options for patient long term investors, look at a 10 year graph, the trend is obvious, the fundamentals superb.The volatility (40%+) scary. What more could you want?




How To Spot The Breakout In Gold
Medium-Term Gold Technical Analysis

Bill Downey
September 16, 2009

[traderabc] 14/9/2009 16:46

Insiders sell like there's no tomorrow
Corporate officers and directors were buying stock when the market hit bottom. What does it say that they're selling now?

By Colin Barr, senior writer
Last Updated: September 12, 2009: 7:25 PM ET


Stocks have rallied -- but corporate officers and directors are now selling after buying the dip.


NEW YORK (Fortune) -- Can hundreds of stock-selling insiders be wrong?

The stock market has mounted an historic rally since it hit a low in March. The S&P 500 is up 55%, as U.S. job losses have slowed and credit markets have stabilized.

But against that improving backdrop, one indicator has turned distinctly bearish: Corporate officers and directors have been selling shares at a pace last seen just before the onset of the subprime malaise two years ago.

[traderabc] 14/9/2009 16:41

China Invented Every Single Major Form of Currency – Metal Coins, Paper Money and Fiat Currency – And Seized Gold Six Centuries Before FDR


George Washington Blog
Sunday, September 13, 2009

You may know a lot about China’s Renminbi Yuan.

But there is a lot about the history of Chinese currency that you likely don’t know.

[traderabc] 14/9/2009 16:24

September 14, 2009
A Currency Crisis Can Happen This Year Or Next
"The worst of the economic crisis is not over and a currency crisis can happen this year or the next year, because the problem of too much debt in the system has not been solved, legendary investor Jim Rogers told CNBC Monday.

The current recovery is just a consequence of the fact that consumption fell so dramatically in 2008 and people have to buy things they need in 2009, Rogers told "Worldwide Exchange."

"How can the solution for debt and consumption be more debt and more consumption? How can that be the solution to our problems?," he said."

in CNBC.com, September 14

[traderabc] 14/9/2009 16:22

We Can’t Break Up the Giant Banks, Can We? Yes We Can!


George Washington Blog
Monday, September 14, 2009

Top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion.

Even the Bank of International Settlements – the “Central Banks’ Central Bank” – has slammed too big to fail. As summarized by the Financial Times:

The report was particularly scathing in its assessment of governments’ attempts to clean up their banks. “The reluctance of officials to quickly clean up the banks, many of which are now owned in large part by governments, may well delay recovery,” it said, adding that government interventions had ingrained the belief that some banks were too big or too interconnected to fail.

This was dangerous because it reinforced the risks of moral hazard which might lead to an even bigger financial crisis in future.

[traderabc] 14/9/2009 16:21

“Everything the US has done since the crisis is wrong” – economist


Russia Today
Monday, September 14, 2009



A year ago, the collapse of the US investment bank Lehman Brothers triggered the financial meltdown. On the eve of the anniversary, RT spoke to American economist Peter Shiff about the reasons for the catastrophe.

[traderabc] 14/9/2009 16:20

Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman


Mark Deen and David Tweed
Bloomberg News
Monday, September 14, 2009

Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.

“In the U.S. and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview today in Paris. “The problems are worse than they were in 2007 before the crisis.”

[traderabc] 13/9/2009 14:10

A light goes on in Russell's brain

Richard Russell
Dow Theory Letters
written Sep 8, 2009
posted Sep 11, 2009

September 9, 2009 -- As the great Bob Dylan song goes, "There's a battle outside, and it's raging, it will soon shake your windows and rattle your walls, for the times are a'changin'"

The battle is obvious -- it's the primary forces of overproduction and deflation vs. the Fed's obsession ("whatever it takes") to fight deflation and to produce asset inflation. The one "signal" for rising inflation that the world understands is rising gold. The central banks do not want to see the gold signal which tells the world that inflation is "in command." What the Fed really wants is asset inflation in housing. Housing is collateral for almost everything in the nation, and the Fed and Treasury are frantic to get housing prices heading higher.

[traderabc] 13/9/2009 14:09

Canary in the Coal Mine

Peter Schiff
Sep 13, 2009

Like a battering ram in a medieval siege, gold keeps hammering away at the gate. For the third time in less than twelve months, the yellow metal is once again crashing into the $1,000 per ounce level. As of press time, it looks like gold will close above that level today and will set a new record in the process. Even if the breach is fleeting, who can doubt that it will mount another assault soon? In the meantime, there is no shortage of market analysts who are not buying gold while questioning the motives of those who are. Although they offer a variety of strained reasons, they nearly all agree that it has nothing to do with inflation, which is nearly universally considered dead and buried. As a self-confessed gold bug, I can assure all that inflation is the only reason I buy gold. And recently, I'm buying a lot.

[traderabc] 11/9/2009 16:18

Jim Rogers is holding back from commodities and China after prices soared

The legendary Investor and commodities king Jim Rogers told the Shanghai Securities News a Chinese newspaper this Sept 11 that he’s holding back from any further purchases of any commodities at the present time after the huge increase in their prices recently

[traderabc] 11/9/2009 16:17

Take Some Money off the Table

Bob Moriarty
Archives
Sep 11, 2009

This is an opinion. It is only an opinion. I am not a guru. I don't believe in gurus.

[traderabc] 10/9/2009 12:11

Max Keiser interviewed on Russia Today

[traderabc] 10/9/2009 11:53

Floating Derivatives In Uncertain Waters Increases Risk of Drowning


International Forecaster
Thursday, Sept 10th, 2009

China has opened up gold to its public to allow them to protect their wealth, America discourages public investment in gold, China may back out of derivative contracts, traps and uncertainty remain for any actions, Turn your ETF into physical now, In 2009, China opened up various exchanges for investment in both gold and silver to the Chinese public, who previously were not allowed to invest in gold and silver.

[traderabc] 10/9/2009 11:42

This is quite a long pdf, worth the read if you are into this stuff, Buffet and Rogers get a mention.

Farewell America Wegelin

[traderabc] 10/9/2009 11:02

Jim Rogers prefers Sri Lanka over India

Sri Lanka Is Asia's Best Performer
Sri Lanka Seeks Investors

[traderabc] 08/9/2009 10:37

UN Calls For Bank Of The World, New Global Currency



UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’


The United Nations has called for the establishment of a new global reserve currency to be overseen by a bank of the world in an effort to reduce the role of the Dollar in international trade.

Details of the proposal were outlined in a report from the UN Conference on Trade and Development. The report also calls for the new global reserve bank to monitor and manage the national exchange rates of member states.

“There’s a much better chance of achieving a stable pattern of exchange rates in a multilaterally-agreed framework for exchange-rate management,” Heiner Flassbeck, co-author of the report and a UNCTAD director, told Bloomberg News.

[traderabc] 07/9/2009 12:51

Don’t Be So Sure
Things Aren’t Exactly “Normal”
by Investment Score, Inc., Michael Kilbach, President / Editor | September 4, 2009
Print

Starting in late 2007 and through 2008 a historic, worldwide market crash brought some of the largest corporations in the world to their knees. Between bankruptcies and bailouts, many massive financial institutions have been struggling simply to keep alive. Trillion dollar currency markets have been thrashing up and down like penny stocks. The largest housing bubble in history has popped with governments intervening and thereby prolonging the effects. Worldwide trillions of dollars in market equity has been lost.

[traderabc] 07/9/2009 12:50

Will September Also Defy Its History?
by Sy Harding, StreetSmartReport.com | September 4, 2009
Print

The market has done quite a job of ignoring its history so far this year.

It experienced a sizable loss of 25% in January and February, during its usually positive winter months, not launching into a sizable rally until March (while still in its historically favorable period).

But that rally continued to roll right through May, defying its historical ‘Sell in May and go away’ history.

It did decline for four straight weeks beginning in June, following its history of “If May doesn’t get you, June will”.

The rally then resumed in July, also not unusual, as there is usually a minor summer rally.

But the summer rally continued through August, the first month of the market’s historically worst three- month period of August, September, and October.

That has a lot of people claiming that since the historical patterns have been off so much so far this year, they will therefore be off for the rest of the year.

Don’t be too sure of that.

[traderabc] 04/9/2009 13:45

Gold: Separation Before Liftoff
by Jim Willie, CB. Editor, Hat Trick Letter | September 3, 2009
Print

The latest development in the gold world is highly favorable. Summarize by saying from the rooftops that GOLD LEADS THE CURRENCIES in price movement. Gold is not only a metal, but the most important of currencies, whose importance will soon be confirmed on a worldwide basis. The enlightened realize that if gold had been a core to the banking systems, and to the currency systems, that the entire bank credit crisis would not have occurred. The dimwitted that dominate the landscape still utter nonsense about gold, only to have their prattle squelched and overrun, as it seems so tiresome and vacant anymore. Gold has begun to respond finally to the global ruin of money, to the Western government fiscal ruin, and to the ruin of the United States and United Kingdom banking systems.

[contrarian2investor] 04/9/2009 12:19

Hi traderabc

Thanks for you additional reply. I suspect that gold and my gold holdings will continue to fluctuate over the next few months. I however intend to hold YAU & CEY for the longterm.

I agree with you regards to erosion affect on LWEA. Which is why I have been phasing in my purchases. If historical analysis rings true then Wheat will appreciate during 2010/2011. Ditto for palladium.
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A very worrying story posted on the GOLD thread, then by leedskier on the macr thread found here:



c2i

[traderabc] 04/9/2009 10:31

I'm inclined to agree, a 30% move is on the cards, I believe gold 'should' break out, I also want it to break out, but will it?

Big Move Coming

Puru Saxena
Sep 3, 2009

It looks as though the multi-month correction in precious metals is coming to an end and very soon, we are going to get a major move. If the bull-market is still intact, then gold should break above US$1,000 per ounce within a few weeks. However, if the price of gold fails to do this, we could see a sharp decline in bullion and precious metals mining stocks. Put simply, if the price of gold fails to climb past US$1,000 per ounce and instead, it falls below US$920 per ounce, it will be a negative omen. At that point, our suggestion would be to immediately sell precious metals and related stocks.

[traderabc] 03/9/2009 18:29

Jim Rogers The Banking Conversation sept 02 2009

Conversation with Jim Rogers, investor - commodities and commodities indices - commodities and inflation over the next five years - the US dollar has no future as a global currency