Best Of The Best Share Discussion Threads

[traderabc] 14/11/2009 19:32

Peter Schiff at Harvard University 11/07/09 Part 1 (of 9 )



Part 2


Part 3


Part 4


Part 5


Part 6


Part 7


Part 8


Part 9

[traderabc] 14/11/2009 19:19

'Seems contrary to what he was reported to be saying at the London conference:'


Indeed, how strange, perhaps he's 'hedging' his predictions ;-)

I see the dilemma, this is a very hard call to make with gold, I suspect that £1000 is the 'bottom' in this market, but years of watching these metals caution me to expect the unexpected, which in this case could be $800.

In my view there is NO good reason to see sub $1000 ever again, just as the $ has no good reason to rally ever again. No doubt there will be feeble $ rallies along the way, longer term the primary trend is down, down , down....

[nabcom] 14/11/2009 18:45

Great video

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Marc Faber: Gold Will Fall to $800

Wednesday, November 11, 2009 10:49 AM

By: Forrest Jones

Gold prices will dip in the short term, falling to $800 an ounce from current values around $1,100, says investment guru Marc Faber, author of the Gloom, Boom & Doom Report.

Gold has soared as high a $1,111 mark, but Faber says those prices will slip while the dollar is due for a rebound, at least in the short term.

"In the case of gold a decline below $1,000 would likely lead to further more meaningful weakness, possibly down to between $800 and $900," Faber wrote in his column.



---

Seems contrary to what he was reported to be saying at the London conference:

"We will not see less than the $1,000 level again," Faber said at a conference in London, Bloomberg reported Thursday.

[traderabc] 14/11/2009 14:44

lol !

Mitchell and Webb situation - Farming - FULL VIDEO

[traderabc] 14/11/2009 13:45

Are Gold and Silver Overbought?

Troy Schwensen
Nov 13, 2009

Last issue we discussed consolidation patterns in the gold price and how everything had set up nicely for a significant rally. Gold was trading at US$991/oz and the stage was seemingly set. 6-7 weeks down the track and the gold price has added US$125/oz representing a 13% rally. Attention now turns to whether this rally is getting a little long in the tooth. Below is a look at our longer term chart for gold (weekly). My conservative shorter term target remains US$1,180/oz.

[traderabc] 14/11/2009 13:43

Ultimate store of value

Puru Saxena
Nov 13, 2009

We have been bullish about gold since 2001 but unlike some of the die-hard gold bugs, images of our children living in shanty towns do not keep us awake at night. In our view, gold is not a mystical metal, rather it is the ultimate store of value which tends to do well when fiscal and monetary policies are poor. On the contrary, the yellow metal does badly when the financial system is stable and confidence in central banking is running high.

[traderabc] 14/11/2009 13:30

On the Edge with Max Keiser - 13 November 2009 (1/4)
With guest James Turk

[traderabc] 13/11/2009 12:43

Max Keiser on dollar: Buffet’s toilet paper opium for China

[traderabc] 11/11/2009 14:59

Gold heading to $2000 as predicted by Jim Rogers?
2009-11-10 05:45:00

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LONDON (Commodity Online): Is the gold boom coming on your way as Jim Rogers predicted? Last month, legendary commodities investor Jim Rogers predicted that gold prices will surge to a record $2000 per ounce, thanks to the plunging US dollar.

On Monday, gold soared to an all-time high of $1110 per ounce in global markets. Is Jim Rogers laughing all the way to bank, if he has invested in gold cheap some months or years back? Or is he laughing at Nouriel Roubini who has countered last week that Jim Rogers' prediction of gold at $2000 per ounce was simply 'nonsense.'?

Here is an interesting article on the 'fight' between two legendary personalities: Jim Rogers and Nouriel Roubini from moneynews.com

Investor Jim Rogers successfully predicted a rally in commodities back in 1999. New York University economist Nouriel Roubini predicted the collapse of the housing market and financial meltdown back in 2006.

Now the two gurus are predicting each other to be incorrect. Rogers says Roubini's forecasts for bubbles to pop in the gold and emerging-market stock markets is just wrong. “What bubble?” says Rogers, Bloomberg reported. “It’s clear Mr. Roubini hasn’t done his homework, yet again.”

[traderabc] 10/11/2009 22:23

De Nile is not just a river in Egypt

Doug Hornig
Senior Editor, Casey Research
Nov 10, 2009

If You Thought the Housing Meltdown Was Bad

...wait until you see what's in the cards for commercial real estate.

That's right, the next train wreck will be in commercial real estate. Couldn't be worse than last year's residential market crash? That remains to be seen. But it's coming soon, probably as early as the second quarter of next year, and there's nothing that can prevent it. The government will intervene, trying desperately to delay the day of reckoning, and may even succeed. For a while. But make no mistake about it, that train is going off the tracks no matter what.

[traderabc] 10/11/2009 13:49

November 9, 2009
Which will come out on top: paper or gold?
Printing presses have been pumping out dollars and pounds. Little wonder many are seeking a more trusty store of value
William Rees-Mogg
34 Comments
Recommend? (12)

Last week the price of gold rose to $1,100, the highest ever recorded. Gold is still an important measure of the world economy. The theory of the 19th-century gold standard was that gold was “real money” in the same way as landed property was “real estate”. All types of paper money are capable of being created by banks or governments, so the supply is potentially unlimited. It was observed that gold holds its purchasing power over centuries, whereas paper money tends to depreciate towards the value of zero.

[traderabc] 09/11/2009 13:21

So he has increased his exposure into 'the biggest US haulier of products such as corn and coal', ie the transportation of food and energy. That dosen't seem to be quite the same as "an all-in wager on the economic future of the United States".
It sounds more like a defensive position into infrastructure and essential commodities.


Buffett firm sees profits triple



Warren Buffett is considered one of the world's greatest investors


Billionaire Warren Buffett's investment firm has reported that profits almost tripled in the third quarter.

Berkshire Hathaway said its net profit was $3.2bn (£1.9bn) in the three months to September, compared to $1.1bn in the same period last year.

But most of that was due to an unrealised $1.1bn gain on some derivatives its insurance unit holds.

Mr Buffett last week said he was taking control of a US railroad in his biggest deal to date.

Berkshire agreed to buy the stock that it does not already own in Burlington Northern Santa Fe (BNSF), the biggest US haulier of products such as corn and coal, for about $26bn in cash and stock.

Mr Buffett, the world's richest man last year, said that the deal was "an all-in wager on the economic future of the United States".

The third-quarter results do not include that deal.

Excluding the derivative and investment gains, Berkshire's operating profit in the third quarter was flat at $2.06bn.

The company's revenue was $29.9bn, up from $27.9bn a year ago.

Berkshire has major investments in such companies as beverage giant Coca-Cola and US bank Goldman Sachs.

[traderabc] 09/11/2009 13:01

I know what you mean, hardly anyone I know holds Gold or Silver. A sad state of affairs when you consider what's going on in the global economy presently.

[notanewmember2] 09/11/2009 12:33

krugerrand [must learn to spell, 1 G, 2 R's] experiment - still under 20,000 views and been out for awhile.

[traderabc] 09/11/2009 12:30

DAVID MORGANS KRUGGERAND EXPERIMENT?

You got a link?

[notanewmember2] 09/11/2009 12:27

HA HA LOVE THAT VIDEO -BETTER THAN DAVID MORGANS KRUGGERAND EXPERIMENT

[traderabc] 09/11/2009 12:22

Mark Dice Tries To Sell 1 Ounce Gold Coin For $50 Bucks; No Takers


You Tube
Sunday, November 8, 2009

[traderabc] 08/11/2009 18:12

Broader Measure of U.S. Unemployment Stands at 17.5%


DAVID LEONHARDT
The New York Times
November 8, 2009

Editor’s note: The unemployment rate during the Great Depression was %20.

For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now.

With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression.

[traderabc] 08/11/2009 15:36

CNBC - Dollar Will be Utterly Destroyed, Global Currency, New World Order

[traderabc] 08/11/2009 15:35

This is just one dead beat bank, the UK is in serious trouble.

£165 billion!!!!! That’s twice as much as the AIG bailout and is more than 10% of the UK annual GDP

Secret £165bn loan keeping Lloyds alive





Lousy Jobs, In Such Small Portions
by Peter Schiff, Euro Pacific Capital | November 6, 2009



Two dissatisfied customers comment about a restaurant. One says, "The food here is terrible." The other replies, "I know, and such small portions!" In many ways, they could be describing our current employment picture. Not only are the portions shrinking, but the jobs themselves are steadily losing quality.

[traderabc] 07/11/2009 12:57

The less optimistic view of Treasury’s handling of the crisis


Posted by Edward Harrison on 6 November 2009 at 2:01 pm


The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read the last post I wrote on this topic.

In their wildly optimistic view, the banking industry is solvent and always has been. All that was needed to ‘solve’ than banking crisis was a lot of liquidity, government backstops and, most importantly, time. This blinkered view sees a looting of taxpayer money to bailout the banking industry as necessary to save banks whose credit is the ‘lifeblood of our economy.’

[traderabc] 07/11/2009 12:55

People & Power - Focus on Locusts - 07Dec07-Pt 1