Best Of The Best Share Discussion Threads

[contrarian2investor] 30/11/2009 18:10

traderabc,

Re: your reply 911. Thanks, I think I stick with the PAL stocks and ETF.

c2i

[seanworld] 30/11/2009 14:50

. wrong thread

[traderabc] 30/11/2009 12:33

The bankruptcy of the United States is now certain


Tuesday, November 24, 2009
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From Porter Stansberry in the S&A Digest:

It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?

How did we end up with so much short-term debt? Like most entities that have far too much debt - whether subprime borrowers, GM, Fannie, or GE - the U.S. Treasury has tried to minimize its interest burden by borrowing for short durations and then "rolling over" the loans when they come due. As they say on Wall Street, "a rolling debt collects no moss." What they mean is, as long as you can extend the debt, you have no problem. Unfortunately, that leads folks to take on ever greater amounts of debt… at ever shorter durations… at ever lower interest rates. Sooner or later, the creditors wake up and ask themselves: What are the chances I will ever actually be repaid? And that's when the trouble starts. Interest rates go up dramatically. Funding costs soar. The party is over. Bankruptcy is next.

[traderabc] 28/11/2009 23:25

Is Obama Poised to Cede US Sovereignty?

A. Yes...




Lord Christopher Monckton Speaking in St. Paul




Christopher Monckton, 3rd Viscount Monckton of Brenchley
From Wikipedia, the free encyclopedia





Lord Monckton: Shut Down The UN, Arrest Al Gore


Anti-climate cult crusader calls for world to rise up against communistic killers behind global warming fraud

[careful] 28/11/2009 14:42

britain will not go bankrupt.
the easy option is to print lots more money and inflate away the debts.
there is room for this because deflation is a big risk right now.

holding cash is risky too.
think of Argentina, Russia, Isreal, Germany in the 1930's and not forgetting Zimbabwi.
that lot just kept adding zero's, holding paper money is a mugs game.

also so is gold. a very pretty but unproductive lump of near useless metal is just a faith. Just like Baldric's turnip, Tracy Emins unmade bed, tulips from holland during tulipmania, or a Andy Warhol poster.

i noted that gold fell 6% in under 1 hour yesterday on Dubai fears.
buyer beware.

[traderabc] 28/11/2009 13:12

Is Britain on the brink of financial armageddon?

By James Palumbo
Last updated at 11:07 PM on 27th November 2009



He's one of our top entrepreneurs who recently put all his investments into cash. The reason: He believes Britain faces bankruptcy. You may disagree with his bleak analysis but you can't afford NOT to read it

[traderabc] 28/11/2009 12:39

Jim Rogers loves gold, but hates to invest in gold
2009-11-22 11:45:00

By David Lew
The rally in gold prices has driven several bullion analysts to frenzied forecasts. Some say gold prices will reach $2,000 per ounce soon. Others are predicting big boom for the yellow metal, saying gold prices will zoom to $5,000 and eventually to even $15,000 per ounce in the years to come.

What is happening in bullion market these days? Yes, agreed that weakening dollar, global economic meltdown, shrinking gold supply and increasing cost of mining gold from the earth are all making gold the most-sought after investment these days. That is also driving the yellow metal prices to record highs.

[traderabc] 27/11/2009 20:49

'A Quadrillion' ? wtf.....

On the Edge with Max Keiser and Greg Hunter
November 27th, 2009 by stacyherbert

Stacy Summary: My internet connection went down and took a few minutes to reboot! So, I only have first bit with Max and miss a bit at the very top of guest interview. Guest is Greg Hunter of USAWatchdog.com

[traderabc] 27/11/2009 20:44

Ambrose Evans-Pritchard
Ambrose Evans-Pritchard has covered world politics and economics for 25 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now International Business Editor in London.
China, gold, and the civilization shift

[traderabc] 27/11/2009 20:38

Keiser on 'Tsunami alert': Dubai debt crisis awakes storm?

[traderabc] 27/11/2009 20:37

" I don't make many price predictions: Here's one you can paste to your computer: It's going to end up a slaughter of the hedgehog shorts, which will send the juniors into the sky like a nuclear powered slingshot."


lol!


Gold Juniors: It's Time For War

Stewart Thomson
email: [e-mail]
Nov 25, 2009

1. I have some very interesting information about the gold juniors today. Better have your heart medicine on standby.

2. Gold hit 1180 this morning. The dollar bulls continue their crazed focus on the intermediate trend, and at best their technical analysis gets a C rating. They called their pivot point correctly in timing the gold market. The only minor problem was they got the direction wrong. Gold top call number 1000 bites the dust. Only 1000 more top calls to go before they say "buy now, gold is a bargain at $5000, it's here to stay!"

[traderabc] 27/11/2009 20:36

The Truth Behind China's Currency Peg

Peter Schiff
Nov 21, 2009

"In short, the longer they wait, the steeper our fall."

During President Obama's high profile visit to China this week, the most frequently discussed, yet least understood, topic was how currency valuations are affecting the economic relationship between the United States and China. The focal problem is the Chinese government's policy of fixing the value of the renminbi against the U.S. dollar. While many correctly perceive that this 'peg' has contributed greatly to the current global imbalances, few fully comprehend the ramifications should that peg be discarded.

[bluebelle] 27/11/2009 20:17

traderabc - 27 Nov'09 - 20:04 - 910 of 912
Friday, November 27, 2009
Garlic is China s Best Performing Asset this year

Damn. Cooked a spaghetti bolognese tonight and I reckon it's opportunity cost was greater than my pension fund !!!

[traderabc] 27/11/2009 20:13

November 26, 2009
Latest Interview in BWeek
Gold, as you know, hit an all-time high today, with the Russian central bank buying bullion. How high can gold go?

Well, I own gold and I have for a while. How high can it go? I fully expect it to be over a couple thousand dollars an ounce sometime in the next decade—I didn't say the next month, I didn't say the next year, I said the next decade—because paper money around the world is very suspect. But right now everybody's bullish on it, so I don't like to buy things when that's happening. But I'm not selling under any circumstances.

What's behind the runup? Has buying by the central banks changed the equation here? Or is this still a demand story?

Certainly a demand story because, as I said, everybody's printing so much money and people around the world are worried about that. But you also have central banks, which five years ago were selling gold, now buying. So that's a huge shift in the marketplace. Central banks are like lots of other people—they just follow the crowd. There are probably better commodities to buy than gold, but you can't tell that to central banks because they've got gold on the brain.

How much of the runup is being driven by U.S. deficits and the weakening dollar?

A huge amount is about not just U.S. deficits, but all deficits. Deficits are going berserk nearly everywhere. Throughout history, printing money has led to weaker currencies and higher prices for real assets. And there are many, many pessimists about the dollar, including me. So many pessimists that I suspect there's a rally coming. I have no idea why there should be, but things do usually rally when you have this many bears at the same time. I've actually accumulated a few more dollars. I mean, it's not a significant position, but I do own more dollars than I did a month ago. And we'll probably also have a gold correction because there's so many bulls on gold.

So you're looking at other commodities you think are better opportunities?

If you want to buy precious metal, I'd rather buy silver or palladium. Both are very depressed. I continue to be more optimistic about agriculture than some other commodities.

As BusinessWeek reports this week, global investors are snapping up thousands of acres of farmland in Africa. Money from everywhere—from Saudi Arabia to Wall Street-backed funds—is pouring in. Why the sudden focus on Africa?

The gigantic acreage in Africa has been underfarmed because there is not much infrastructure, not much machinery, not much expertise, not much fertilizer. I think the world is going to have huge food problems in the next few years. Other people seem to see that, too, so they're buying up farmland. You can either buy it or lease it. It's very, very cheap, it's incredibly fertile, and it hasn't been overexploited. And if you take in some expertise and some machinery and some fertilizer, you should make a lot of money. The labor's cheap, everything's cheap.

So you think Africa is a good investment opportunity?

I think it's a fantastic investment opportunity. Now there are over 50 countries in Africa, so we can't make too gross a generalization. But I mean, in the Congo, you don't even have to plant anything. You just sit by the road long enough, something will grow. Yes, I am very, very optimistic.

What's your outlook for commodities in 2010?

I'm not smart enough to know. But I will say that if the world economy gets better, then commodities will be one of the best places to be because of the shortages that are developing. If the world economy does not get better, commodities will still be the place to be because governments are printing all this money.

Tim Geithner has been under attack lately. How's he doing?

Listen, I have been a critic for years. Geithner should never have been appointed to anything. He's been wrong about just about everything for 15 years.

Do you think he'll lose his job?

Of course he's going to lose his job, because as Mr. Obama realizes that Geithner doesn't know what he's doing, he's going to look for somebody else because he doesn't want to take the heat himself. So he's going to look to blame somebody, and the obvious person is Geithner.

[traderabc] 27/11/2009 20:10

'Was it difficult to sent up your purchase via the Perth mint?'



c2i, It wasn't too hard when I did it. I had to get my ID verified by a notary,fill in some forms, and wire the money to a broker. The Perth mint will tell you which broker is required.
I have been informed (via the broker) that the mint will no longer do certificates for Palladium, so you'd have to check with them to see what is available.

[traderabc] 27/11/2009 20:04

Friday, November 27, 2009
Garlic is China s Best Performing Asset this year

[traderabc] 22/11/2009 22:34

Jim Rogers: My First Million

Published: November 20 2009 18:26 | Last updated: November 20 2009 18:26

Since Jim Rogers, 67, co-founded the Quantum Fund with George Soros he has worked as a guest professor of finance at Columbia University and as an economic commentator. In 1998, he founded the Rogers International Commodities Index (RICI).

[traderabc] 22/11/2009 20:27

Hi c2i

I own Palladium via the Perth mint, this recovery is impressive and I'm expecting the old highs to be breeched within few years.

[contrarian2investor] 20/11/2009 13:20

Hi all,

An article that might be of interest.

The Gold Trifecta?
by Chris Puplava | november 18, 2009



c2i

[contrarian2investor] 18/11/2009 20:56

traderabc,

Thanks, I will have a look at NGAS.
Are you holding any Palladium stocks/or ETF?

c2i

[traderabc] 18/11/2009 18:22

lol!

Glenn Beck Talks NWO With Damon Vickers (Part 1)



(Part 2) min 2.30 lol!