Best Of The Best Share Discussion Threads

[traderabc] 07/11/2009 12:54

the pension pots of all UK future pensioners are going to be whats raided through artificially low annuity rates.


Bo Doodak, That could well be the case. These low interest rates are proof of how bad things really are and signal conformation that the the fiat monetary system is a failure that only rewards a tiny elite while robbing the vast masses.

[bo doodak] 06/11/2009 22:11

Traderabc,
Intriguing idea post 844, came across this article which may interest


It seems quite cunning, very Gordon Brownish, and importantly entirely plausible, that the pension pots of all UK future pensioners are going to be whats raided through artificially low annuity rates.

[traderabc] 06/11/2009 21:56

November 2009 Client Letter
Don't lose sleep over the gold price


Kenneth J. Gerbino & Company
Posted Nov 6, 2009

Gold Market

The financial crisis is now a year behind us and so far with very little inflation (which won't last long) it is unusual for gold to be acting so robust. Usually when one sees a stock or a commodity going up when most of the usual reasons for its normal price behavior are absent, it signifies new, powerful and unknown force(s) have entered the marketplace.

There are four new forces that were not present in past cycles:

[traderabc] 06/11/2009 20:46

'“I have never been a gold bug,” Jones writes to his investors. “It is just an asset that, like everything else in life, has its time and place. And now is that time. The economic and political comparisons to the late 1970’s are too numerous to ignore.”'

The Best Trader in the World Is Wildly Bullish on Gold

By Justice Litle
Nov 4 2009 3:12PM

www.taipanpublishinggroup.com



Link to original article:

Taipan Daily: The Best Trader in the World Is Wildly Bullish on Gold
Justice Litle, Editorial Director, Taipan Publishing Group

The “Michael Jordan of trading” is now table-poundingly bullish on gold. And the Reserve Bank of India may have just made him look like a prophet...

John Paulson (no relation to Hank) is widely viewed as the most successful money manager of our times. Paulson made billions of dollars for himself and his investors by finding an obscure, non-public way to bet against the housing bubble. In terms of absolute dollar profit, his subprime crisis score is the largest ever.

Given his success, it is notable that Paulson is now quite bullish on gold. The Paulson Funds have heavy exposure to gold and gold stocks, and even offer an investment vehicle with payouts denominated in gold.

But, for all that, John Paulson is more of an investor than a trader. A trader, in the purist sense of the word, is an opportunistic mercenary type... someone who can raid most any asset class – stocks, bonds, commodities, currencies – and walk away with armloads of cash.

[traderabc] 06/11/2009 19:55

'It will defiantly go over $2000' (gold)

11/4/09 Jim Rogers on Bloomberg (Part 1/2)

[traderabc] 06/11/2009 19:40

UK: Most bankruptcies since records began in 1960

[traderabc] 06/11/2009 19:37

North Sea oil is dragging us into the red
Oil wealth was the secret saviour of the economy, but no longer, says Edmund Conway.


By Edmund Conway
Published: 6:45AM GMT 05 Nov 2009



Production of North Sea oil has halved in the past decade Photo: EPA

What was the industry that powered Britain towards prosperity in the 1980s, and made us one of the most dynamic and successful nations in the Western world? I'll give you a clue: it was described by a prime minister as "God's gift" to the British economy; its revenue stream pumped ever larger amounts of cash into the Exchequer – and its subsequent collapse has helped send the public finances spiralling towards disaster.

[traderabc] 06/11/2009 14:31

As of yesterday, The Feds Changed the Rules


Youtube
Friday, Nov 6th, 2009



Something profound just happened to the way the Federal Reserve (Treasury et al) and the Bank of England are going to distribute national debt. What better place to but debt but a bullied domestic bank. Eventually the Federal Reserve/Treasury/Executive bank will force all domestic savings into zero return Treasury instruments. This is the only place where debt can be placed at this time.

[traderabc] 06/11/2009 14:08

Why Gold Has a LONG Way to Go

Jeff Clark
Casey's Gold & Resource Report
Nov 5, 2009

A couple weeks ago, I had my TV tuned to a business show that loves to give predictions on the markets and the economy. On that day, one of the program's regular guests declared it was time to "short" gold, that it had reached its top, and that the precious metals bull market was over. I'll try to be nice in my rebuttal.

[traderabc] 06/11/2009 14:08

Ted Butler Commentary

November 3, 2009



The Bomb Squad

In a speech yesterday, CFTC Commissioner Bart Chilton outlined his thinking on the all-important showdown coming on the issue of position limits and hedge exemptions to those limits. In a related interview he reaffirmed the timeline of the showdown, said by him to be by late November. He expressed a fear that the Commission might set position limits too low and this might cause big traders to migrate away from regulated exchanges. This is a recurring, if ill-founded fear. In the interview (by Dow Jones), the CME Group added that it was “dismayed̶1; that statements from the CFTC are, “already driving liquidity away.” (If there is one thing I think I know, it is that whenever a commodity exchange is dismayed, it is when the public’s interest is about to be served.) Here’s the actual speech

[traderabc] 05/11/2009 16:12

Four Reasons Hyperinflation Hasn’t Hit the US… Yet


Keith Fitz-Gerald
Minyanville.com
Thursday, Nov 5th, 2009

Everything we know about classic economic theory suggests the US economy should be experiencing Zimbabwe-like hyperinflation right now, thanks to the nearly $2.2 trillion the US Federal Reserve has pumped into the system.

But we’re not… yet.

[traderabc] 05/11/2009 14:46

The Dollar Depends on Politicians Now

It wasn’t too many decades ago that the dollar was, as the saying went, “as good as gold”. It was a truism, almost too obvious for mention because everyone understood the dollar’s essential attribute, namely, that it was redeemable into gold upon demand.

This redeemability was a fundamental building block that explained why the dollar had value and was readily accepted and used as a means of exchange in the purchase and sale of goods and services. The dollar did not require legal tender laws or other forms of government force for it to circulate as currency. It circulated freely by choice in place of gold, as a substitute for it because gold was too valuable to use in transactions day-to-day as currency. Gold was lost from abrasion as coins wore out over time, but paper could easily be replaced at little cost when worn.

[traderabc] 05/11/2009 14:43

Zombie Government Reality Check

The stats and growth prognostications from tout television, New York banksters, our Federal Reserve, U.S. Treasury, and various U.S. Government fiscally incestuous cabal members are replete with liars, exaggerators, and crooked politicians. The U.S. Government and several others are economically dead; they just haven’t admitted it yet.

The United States’ financial affairs are an empty burning hulk of disaster.

There is not enough taxing power, stealing power, money and bond-printing power on this globe for these dudes to worm their way out of a major collapse. It may take some time, but its coming for sure. There is no way out except to inflate. And, we know how that one ends. Read about Germany’s hyper-inflation of 1921-1922.

We are not yelling fire in this theatre of the absurd but rather giving an untenable situation the cold, blank, fishy-eyed stare of an auditor. Two and two isn’t 20 and never will be. Most everyone is broke and going broker. Even those with no debt and holding supposedly strong assets in government paper and real estate reside in quicksand. Why, because these assets are only worth what a buyer will pay for them on any given day. And, on this day, most asset values are plummeting.

There is simply way too much debt, way too little cash and credit, and an astounding inability to pay the bills.

The stock and bond markets are one big phony scam with the exception of those holding hard asset reserves in precious metals. Food and energy assets roll up and down like a yo-yo along with the latest media fiction and last quote on the dollar. Oil and gas reserves along with real food as in grain, meat, vegetables, etc. have true value. This value is volatile as it relates to fiat currencies being diminished by the hour as governments race to manufacture new money using computers and printing presses.

Artificial Growth Courtesy Of Government Taxes Take a minute and think about what propels these so-called recovery markets.

[traderabc] 05/11/2009 13:59

Max Keiser on GM: US predators sacrifice workers as lambs

[traderabc] 05/11/2009 13:58

Gold Starship: Family Reunion On Pluto?

Stewart Thomson
email: [e-mail]
Nov 4, 2009

1. Ladies and gentlemen, we have liftoff. The gold bullion rocket has taken off. I warned those standing under the gold rocket trying to pick the next $50 move in gold, they would be vaporized. A huge contest in the gold community emerged to see who could totally ignore the Michaelangelic head and shoulders pattern, while making the greatest prediction on how low gold would go. 1000, 980, 950 were all popular predictions of the micro men. Many went short, with a genius play to make money on the way to their imaginary targets.

[traderabc] 05/11/2009 13:38

Bozos and NINJAS
How Can You Have a "Troubled Asset" in a Free Market?

Ceri Shepherd
Trend Investor
Nov 4, 2009

The title of the major bailout program clearly shows just how little Wall Street and Washington understand about the free markets. TARP or "Troubled Asset Relief Program". Sorry, but there is NO SUCH THING. Everything sells in a free market at a price that somebody is willing to pay, stick the mortgages on Ebay and trust me, they will sell, at what price who knows? That is for the free market to decide.

They are only "troubled assets" because the bankers do not like the valuation that the free market is putting on all this junk. Which is why we have had TARP, which is nothing more than socializing the Bankers losses. It is a disgrace.

[traderabc] 05/11/2009 12:00

Roubini Says Rogers’s Forecast of $2,000 Gold ‘Utter Nonsense’


Asjylyn Loder
Bloomberg News
Wednesday, November 4, 2009

Nov. 4 (Bloomberg) — Nouriel Roubini, the economist who predicted the global economic crisis, said a forecast by investor Jim Rogers that gold will double to at least $2,000 an ounce is “utter nonsense.”

There is no inflation or “near-depression” to drive gold prices that high, Roubini said today at the Inside Commodities Conference in New York. If a severe depression came to pass, with investors buying canned goods and hiding out in log cabins, “maybe you want some gold in that scenario,” Roubini said.

“Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense,” Roubini said. Gold rose to a record $1,096.20 today on the New York Mercantile Exchange’s Comex division on speculation that central banks and investors will purchase the metal to hedge against a declining dollar


Rogers, who predicted the start of the commodities rally in 1999, said in an interview on Bloomberg Television today that Roubini is wrong about the threat of bubbles in gold and emerging-markets stocks. The price of gold will double in the next decade, he said.

In his New York speech, Roubini repeated his assertion that asset prices have risen “too much, too soon, too fast.” He’s a New York University professor and chairman of New York research and advisory firm Roubini Global Economics.

[traderabc] 04/11/2009 14:54

AGRI-FOOD THOUGHTS
by Ned W. Schmidt, CFA, CEBS
Schmidt Management Company
November 3, 2009

As time is moving rapidly toward the end of the calendar, thoughts tend to go to that which was accomplished during the year. Perhaps this year we might reflect on that which did not happen. A year ago, the outlook for the future was fairly gloomy. In the Western economies, the policies of the cental banks, and in particular the Federal Reserve, were abject failures. While the outlook for the Western economies continues fairly dismal, at least we do not seem to be falling further into an abyss without hope.

[traderabc] 04/11/2009 14:08

This is an good factual article, I've been reading this sort of stuff about silver for almost a decade, progress has been painfully slow, but progress has been made.
Silver is operating in a fraudulent market, the fraud will come to light one day, then silver will have its''day in the sun'.



'In 1900 there were 12 billion ounces of silver in the world. By 1990, the internationally respected commodities research firm CPM Group say that figure had been reduced to around 2.2 billion ounces of silver. Today, that figure has fallen to less than 1 billion ounces in above ground refined silver. It is estimated that more than 90% of all the silver that has ever been mined has been consumed by the global photography, technology, medical, defence and electronics industries.'


Silver Set to Soar
as it did in the 1970s

Mark O'Byrne
GoldCore
Nov 3, 2009

Silver remains very undervalued on a historical basis (charts below) and is undervalued even against gold (chart below). While gold has begun to receive some interest from a small minority of retail investors, silver remains the preserve of relatively few contrarian investors and the media and financial press rarely, if ever, covers silver. And yet silver is quite likely in the intermediate stage of a bull market that will rival or surpass that of the 1970s.

Silver is currently worth less than $17.00 per ounce. It rose to a recent nominal high $20.88/oz in March 2008. After an 18 month period of correction and consolidation, silver looks set to challenge that high in the coming months. We continue to be bullish on gold and particularly silver and believe that silver will likely surpass its non inflation adjusted high of $48.70 per ounce and its inflation adjusted high of some $130 per ounce in the coming years.





A picture or a chart truly is worth a thousand words and the chart above showing silver prices adjusted for inflation shows how seriously undervalued silver remains.

[traderabc] 03/11/2009 19:15

Lindsey has a strange calming effect on Rogers, a formal and sober interview. Well worth a watch. If you leave the player running you get the chief economist of Credit Suisse, don't be surprised to wake up 20 mins latter wondering what happened ;-)

Latest FT.com Video interview: November 09
Watch this 4 parts video interview with Financial Times:

[traderabc] 03/11/2009 15:15

Are Gold, Oil and the S&P500 having a Seasonal Pivot Trading Low?
by Chris Vermeulen, GoldAndOilGuy.com | November 2, 2009
Print


The last week of October was something else. Heavy fiscal year end selling for mutual funds seemed to put a damper on good news and push stocks and commodities lower. October is historically a tough month on the US market with mutual funds locking in profits on their books.

Below are some charts showing my analysis on gold, silver, oil, natural gas and the S&P 500 index along with a seasonality chart proving that October has more selling pressure than other months.

Gold GLD ETF – Gold Pivot Trading Low – Daily Chart
As you can see from the chart below we appear to be in the middle of a pivot low correction which can make for some great entry points. The trend is up, gold is oversold and it looks like we had a reversal low last week.

[traderabc] 03/11/2009 15:13

Black Monday:
Ancient History Or Imminent Future?
by Nico Isaac, Elliott Wave International | October 30, 2009
Print

The following article includes analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free.

Once upon a time, the term "Black Monday" was to Wall Street what the name "Lord Voldemort" was to Hogwarts. It turned the air freezing cold and sent traders flinching around every corner in fear of a repeat of the October 19, 1987 or October 28, 1929 meltdown.