Best Of The Best Share Discussion Threads

[contrarian2investor] 07/5/2010 13:16

navyan,

"They" still don't know what happened with the DOW last night.

c2i

[navyan] 07/5/2010 13:14

contrarian2investor, RS did a long term chart on Dow last night, and according to big single day dip happened in the past, most of them get bought back in the next few days. so hopefully this is just big boys trick of creating another buying opportunity. although I have liquidited all my stocks early in the morning.

[contrarian2investor] 07/5/2010 09:36

navyan,

Hold onto your gold and silver stocks.
Last night CNBC touched on the fact that Dec 10 Call Options for $1500 were being bought. Given the perfect storm that is coming together.

Taken from the SHA thread:
1). Prospect of Greek default
2). Unprecedented US market volatility
3). Euro currency cohesion under serious doubt
4). Credit market rally slowly unravelling
5). Equities falling for third straight day
5). Prospect of Portugese bail out
6). Prospect of Irish bail out
7). Prospect of Spanish bail out
8). Prospect UK failure to elect a workable government / need for second ballot
9). Ongoing volcanic activity hindering European travel
10). US financial reform pending
11). Gulf of Mexico drilling postponed
12). Goldman fraud case
13). Gulf of Mexico tourism damage
14). Gulf of Mexico ecological damage

Sterling and the Euro could tumble over the next few weeks.

What are the odds of a 1-3% rise on the DOW today?

c2i

[navyan] 06/5/2010 23:24

top slice GOLD guys? or hold firm for long term..

but well done!

[contrarian2investor] 06/5/2010 22:30

traderabc,

GOLD yes. It is going to be very interesting trading tomorrow indeed.

c2i

[traderabc] 06/5/2010 21:57

Hope so...

Gerald Celente on Greece: People will rise against bank bailouts globally


Russia Today
May 6, 2010

After a day of unrest which saw three people killed, Greece's parliament is preparing to vote on the controversial austerity package. Wednesday's violence included a bank in the capital being set alight. Demonstrators clashed with police when protesters marched on the country's parliament building. They are angry at government spending cuts aimed at securing a 110 billion euro rescue package from the EU and the IMF. Trend forecaster Gerald Celente says the Greek situation is going global.

[traderabc] 06/5/2010 21:56

Had to happen sometime c2i, see how well the metals held up? Decoupling at last?













(if only)

;-)

[traderabc] 06/5/2010 21:53

Hugh Hendry: The Greek "Bailout" Is Really A Bailout Of French Banks


Tyler Durden
Zero Hedge
May 6, 2010

Yesterday we pointed out that France was a global top three derisker in sovereign CDS as traders have shifted their worries from the periphery to the core. We have long discussed that the reason for this is that France, not Germany, has the greatest exposure to Greece and the PIIGS. Below is an RT clip in which Hugh Hendry confirms just this: according to the Ecclectica head man, a mark to realistic market of Greek debt would wipe out E35 billion in French bank capital, "and it is questionable whether the French banking system would take such a hit." Hendry's solution, as has been the case from the solution, is for Greece to leave the euro, and points out that due to FX inflexibility, there will be no tourists in Greece this year as everything becomes painfully expensive, not in Drachmas but in Euros. We would add that the burning parliament is probably not that much of a tourist draw either. In typical fashion, Hugh dismembers Angela Merkel's hypocrisy: "When the truth becomes unpalatable, what is the truth. Angela Merkel, when we say she is being generous, there is nothing generous about spending taxpayers' money in another country, that is not generosity, that is merely trying to salvage a bankrupt set of political ideology. So to blame the messenger when it's the truth that hurts, I find that inexcusable." Just as Hugh's huge bet against the euro has proven to be a terrific success, we are confident that he will be correct about the end of the EMU quite soon as well. And as the moderator adds "Shame on you, Europe, for needing the IMF to bail you out. Europe is like an African nation."

Amen.

[traderabc] 06/5/2010 21:11

A great result , this guy is one of the 'new generation' of the Ron Paul revolution, expect to see more like him.

BJ Lawson Wins North Carolina District 4 Primary
May 6th, 2010 by stacyherbert
Respond

Stacy Summary: BJ Lawson won the Republican nomination in North Carolina's 4th District. Here is our interview with him:

[traderabc] 06/5/2010 21:06

[KR40] Keiser Report – Markets! Finance! Scandal! – And Michael Krieger
May 6th, 2010 by stacyherbert
Respond

Stacy Summary: We look at the scandals of repaying American taxpayers with their own cash. We also check out the headlines on Lloyd 'I'm Too Mysterious' Blankfein, Bernie 'I'm Just a Market Maker' Madoff and Warren 'I Love My Goldman Investment' Buffett. In the second half of the show, Max interviews investment adviser, Michael Krieger, about "America's Disneyland and Neo-feudalistic, Gulag Casino Economy," financial war between the US and China; and about which nation will be the first to back its currency with gold.

[traderabc] 06/5/2010 21:06

Max Keiser Interviewed on Radio Five Live – 06 May 2010 – Greek Debt Crisis
May 6th, 2010 by stacyherbert
Respond

Stacy Summary: From this morning. Just had time to post it.

[traderabc] 05/5/2010 21:33

William Engdahl: Financial Warfare Against the Eurozone
May 5th, 2010 by stacyherbert
Respond

Stacy Summary: From yesterday . . . and if this is war, then the European Commission has just fired back: "UK deficit is worst in Europe"

[traderabc] 05/5/2010 21:32

May. 5 2010 - 6:53 am | 757 views | 1 recommendations | 7 comments
Monkey Business on the Fabulous Fab

I wanted to post this clip from Joel Sucher's documentary, "A Tale of Two Streets," showing my friends Eric Salzman and Rich Bennett (of MonkeyBusinessBlog fame) talking about the "French School" on Wall Street. In light of the "Fabulous Fab" story, it's pretty hilarious.

[traderabc] 05/5/2010 08:16

Monday, May 3, 2010
Jim Rogers : gold and silver to go much higher




Jim Rogers interviewed by Mining Stock Talk May 3rd, 2010

[traderabc] 05/5/2010 08:10

"Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master."
-George Washington

[traderabc] 04/5/2010 22:24

I'd like to see the UK equivalent to this.


Obama Budget Cuts Visualization

[traderabc] 04/5/2010 21:54

[KR39] Markets! Finance! Scandal – Keiser Report Meets Schiff Report
May 4th, 2010 by stacyherbert
Respond

Stacy Summary: We look at the scandals of President Bill Clinton's skepticism on Goldman charges; the TARP watchdog's handcuffs for Timmy Geithner; and the continuing 'ratings surveillance' payments to credit rating agencies for defaulted CDOs too complicated to unwind. In the second half of the show, Max interviews Peter Schiff, who is running for the Republican nomination for US Senate for Connecticut, about debating Greenspan, revaluing yuan and regulating that which is already illegal.

[contrarian2investor] 04/5/2010 12:49

Hi traderabc,

Another settlement WRT to market manipulation.

APRIL 29, 2010, 7:08 P.M. ET.UPDATE: Moore Capital Settles With CFTC On Market Manipulation



c2i

[traderabc] 03/5/2010 13:52

[OTE52] On the Edge with Max Keiser & David DeGraw
May 2nd, 2010 by stacyherbert
Respond

Stacy Summary: The episode is being uploaded as we speak; so I will post the parts as they become available. Guest this week is David DeGraw of AmpedStatus.

[apdi71] 03/5/2010 08:31

Brussels journal on Greek debt:

[traderabc] 02/5/2010 19:29

It is a pressure cooker waiting to explode!


Similar "Recovery" rally as in 1929/1930


Since March 2009, investors have been borrowing the weak US dollar (whilst it is the reserve currency), investing the proceeds in higher yielding asset classes such as equities, commodities, currencies and bonds. Most asset classes have since shown gains in excess of 50%, similar to the recovery rally of 1929/1930.

The improvement in the stock market following the quantitative easing (QE) and thus zero cost money has artificially boosted investors' confidence through strongly improving markets, though in our point of view this confidence is paper thin and it won't take much to rock investors' confidence. The moment the stock market drops steeply the confidence will be gone.

The economy is not improving and will not improve, with widespread unemployment of 17%, a constantly deteriorating housing market, and huge private and public debt resulting in some corporate bonds (Berkshire Hathaway, P&G, J&J, Lowe's Cos) trading at yields below treasury yields. Imagine, if the hundreds of billions of stimulus dollars were able to create only 114,000 (162,000 minus 48,000) jobs in March of this year, what the job creation will be once the stimulus drops away.

The "manipulated" stock market (comparable to a pressure cooker) will have to give way for its second leg down which will be much more devastating than the first because investors will not be able to cope psychologically. Next to that, the Government will not be able to come to the rescue because they will have no credibility left and because treasuries will be exhausted, forcing much higher interest rates which will reverse the carry trade.



Robert Reich says "It is a sham recovery"

[traderabc] 02/5/2010 19:21

All-fired hot...

Richard Russell snippet
Dow Theory Letters
May 3, 2010

Question -- OK, Russell, then why are you so all-fired hot about gold and gold mining shares?

Answer --

[spec124] 02/5/2010 11:26

This could be explosive for all Silver stocks ...

"This is a crime in progress" Ted Butler
" US Justice Department may investigate the Comex silver market.. I've been contacted by them"

[traderabc] 01/5/2010 08:22

Wow! Jim Rogers asked about the new world order, Bilderberg etc, (second video min 4.30 ish) not a believer apparently. I'm glad he's finally stated his position on the subject, though I'm deeply disappointed with his cop out answers.

He's wrong (imo) he says someone would spill the beans (many have) as thousands would be involved in the 'conspiracy' (they are), the news he ignores is that these people (military industrial bankster complex) have already stated their aims many, many times, it's openly stated within their own documentation and blatantly obvious within their policies, practices, actions and laws. Many implementing this NWO think what they are doing is for 'the greater good', they are compartmentalized and do not see the bigger picture. They follow false doctrines, and a hollow consensus.

Most G20 leaders have spoken about their new world order, and their global governance etc.
Here Rogers chooses to ignore the undebatable known facts, which he refers to as 'conspiracy theories', how sad is that?

Perhaps he knows he'd receive a lot of flack if put himself on the line regarding this issue, whatever, with time he will be proven to be utterly wrong about this subject, the new world order is very REAL and becomes more apparent with each passing day. Those who deny it, deny the elephant in the room, their motivation for doing so is usually guided by fear or ignorance.





(5 Videos)
Friday, April 30, 2010
Jim Rogers : Greece is not the first nor the last country to go bankrupt




Jim Rogers Exclusive interview March 20, 2010

Jim Rogers says that he owns the Euro he longs the Euro cause he believes things will be good for a while , , he also says that the so called speculators or the hedge funds managers are not to be blamed for Greece problems , people invest where there are opportunities , many speculators invested in Greece and Greek property market when Greece joined the EU , but then the Greek politicians turned Greece into a disaster so the speculators started shorting Greece , Jim Rogers says "I did not hear the Greeks complaining about the speculators when they were investing in Greece but they are complaining now"
Greece is not the first nor the last country to go bankrupt ,these things happen all the time all along history countries banks and corporations went bankrupt , this is the way the market is working , many will make money and many will lose money Jim Rogers explained