Best Of The Best Share Discussion Threads

[traderabc] 26/7/2010 14:51

Sunday, July 25, 2010
Jim Rogers on the American foreign policy

Jim Rogers :"When President Bush goes on television and says certain cultures hate us for our democracy and freedom, he's just wrong. Everywhere I went in the Middle East, everyone told me how much they loved America and Americans; the hatred is directed at American policy."

[traderabc] 26/7/2010 14:33

Jim Rogers: Stress Test Is a PR Exercise



Antonia Oprita
CNBC.com
July 26, 2010

The stress test in which only seven of 91 European Union banks failed is just a public relations exercise and wasn't tough enough, famous investor Jim Rogers told CNBC.com Monday.

On Friday, EU authorities released the results for the stress tests, with many analysts saying the criteria had been harsher than the ones used to test US banks a year ago. But Rogers said the European test was "a PR exercise just as was America's."

They were "a waste of time – and journalistic ink," he wrote in an e-mail.

Many analysts criticized the fact that a sovereign default in Europe had not been taken into consideration in the criteria for the test, but the head of the Committee of European Banking Supervisors (CEBS) told CNBC that sovereign exposure of banks taking the test had been disclosed.

[touch2002] 26/7/2010 12:44

Bought a few more - precious little stock around as usual...

[traderabc] 22/7/2010 18:00

[KR62] Keiser Report – Markets! Finance! Hollow Men!
July 22nd, 2010 by stacyherbert
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Stacy Summary: We look at the latest scandals with stolen credits and the debt in Europe. In the second half of the show, Max talks to his guest Gregor MacDonald about the role of energy in US economy.

[traderabc] 21/7/2010 18:37

July 21, 2010
Long Term High, Wild Enthusiasm. It`s Time To Go The Other Way.
Usually, when something has a 20-year move up or down, it is wrong and ready to reverse. I am talking about the big picture now - whenever something is at a long term high and everybody is wildly enthusiastic, it is time to go the other way.

in Inside The House Of Money

[traderabc] 21/7/2010 18:33

The full leaderonomics interview is below this one.

Wednesday, July 21, 2010
Jim Rogers : My best investment is teaching my two daughters Mandarin Chinese

[traderabc] 21/7/2010 17:28

One Economic Chart That You Should Permanently Burn Into Your Memory



The Economic Collapse
July 21, 2010

Today most Americans are completely obsessed with the silliest of things. They wonder how Lindsay Lohan is going to fare in jail and they agonize over who LeBron James is going to play basketball for. But when it comes to the things that really matter, most Americans are completely clueless. For example, while most Americans would agree that we are experiencing difficult economic times right now, most of them would also argue that our economic system is in fundamentally good shape and that things will get back to "normal" at some point. Those of us who are trying to warn America of the impending economic nightmare are dismissed as "doom and gloomers" and "conspiracy theorists". But of course, as with so many things, the passage of time will tell who was right and who was wrong. Below there is a chart that I want all of you to burn into your memory. It is a chart of total U.S. debt as a percentage of GDP from 1870 until 2009. This chart clearly and succinctly communicates the horror of the debt bubble that we are currently dealing with. When this debt bubble pops, it is going to make the Great Depression look like a Sunday picnic.

[traderabc] 20/7/2010 22:54

[KR61] Keiser Report – Markets! Finance! Gold!
July 20th, 2010 by stacyherbert
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Stacy Summary: We look at the latest scandals of deficit fraud, Hank Paulson's love of financial reform and the RIAA's very low return bullying. In the second half of the show, Max talks to Ben Davies of Hinde Capital about the BIS gold swaps and more

[traderabc] 20/7/2010 00:09

Top Chinese Economists Call For Government To Ditch U.S. Treasuries And Buy Gold

[traderabc] 19/7/2010 23:58

Historically Nickel and Silver have been in a similar situation , so expect a huge upward spike and then a correction that'll make your eyes water ;-)
Soros and his gang are just about to 'educate' someone..



Cocoa king Anthony Ward is hungry for African food production
Anthony "Chocfinger" Ward, the commodities trader whose group Armajaro Holdings has just cornered the cocoa market, is planning his next move into food.



Dried cocoa is laid out in Ghana, Africa Photo: Alamy

Having cashed in the equivalent of a Willy Wonka's Chocolate Factory golden ticket on Friday by paying £658m for enough cocoa beans to manufacture 5.3bn quarter-pound chocolate bars, Mr Ward, 50, is looking to improve his company's diet.

The Mayfair-based financier is among a growing group of hedge fund owners, which also includes American George Soros, who are acquiring food production capacity in Africa.

[notanewmember2] 18/7/2010 21:46

Worrying when funds move away from derivatives and start to take physical delivery. Futures have absorbed a lot of potential inflation over the years.

[traderabc] 18/7/2010 21:33

Daytraders - 18 Jul'10 - 15:19 - 8 of 8


Hedge fund makes £660m cocoa bean purchase

A British hedge fund manager has been identified as the buyer behind one of the largest single purchases of cocoa beans ever recorded.

Anthony Ward, the manager of the Armajaro Holdings fund, last week paid £658m to buy 241,000 tons of cocoa beans, equal to the whole supply for Europe and enough to make 5.3bn standard chocolate bars.

In an even more unusual move, the fund has taken physical delivery of the beans, which are sitting in warehouses in the UK, Netherlands and Germany. Actual delivery only normally occurs in a fraction of commodity deals.

Traders said the purchase, the largest single buy in 14 years, could force up the price of chocolate as the price of cocoa, one of the main ingredients, leapt to over £2,700 per ton, its highest price since 1977.

Ward's dealing echoes a similar move eight years ago when he made a fortune buying 204,000 tons of cocoa when supply was limited. The price subsequently soared netting him an estimated £40m in two months.

[traderabc] 18/7/2010 20:17

Thanks Andy.



Jim Rogers in Malaysia July 2010

[andy] 18/7/2010 19:35

traderabc - 18 Jul'10 - 14:46 - 1700 of 1703

OK will do, it would be good to see you.

[hardassets57] 18/7/2010 19:28

Ben Davies take on the gold/silver ratio

Gold focus Part 1: Interview with Ben Davies of Hinde Capital

[traderabc] 18/7/2010 19:15

Golbalisation and 'trickle down' capitalism?

15 Mind-Blowing Facts About Wealth And Inequality In America

[traderabc] 18/7/2010 14:46

Andy, Thanks for the invite, I'd like to go but I have an appointment tomorrow eve, please post here again next time and I'll try to make it.
If anyone else goes please post a comment here on how it went.

[andy] 18/7/2010 12:21

Please forgive the intrusion, but many of the topics discussed on this thread relate to a group we are forming to meet in the city one evening per month for an informal drink and chat.

Our first meeting is tomorrow nignt, at 18.15 at Moorgate, and if anyone would like to attend, please forward an email by late tomorrow morning at the latest, and we will add you to the list, and provide venue details etc. etc.

Our sponsor is kindly paying for the food and drink for our inaugral meet.

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If you are interested in mining, and investing in mining companies, both AIM and Canadian listed, then you may be interested to know that we are forming a regular mining discussion group, that will meet in the city once a month.

All are welcome, from new investors to city professionals, and the idea is to form a group to meet once a month, to share information and exchange investment ideas.

The location is Moorgate.

Our first meeting is next Monday, July 19th, at 18.15 for 18.30.

We have a sponsor for this evening.

For further information please email [e-mail]

Advance registration is essential, as we have to confirm numbers for food, which is a plate of traditional hot pub fare, and is complimentary.

[traderabc] 18/7/2010 11:45

[OTE63] On the Edge with Paul Craig Roberts
July 18th, 2010 by stacyherbert
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Stacy Summary: Hey! We're back from the internet free zone! My brain was nearly fried by oxygen and sun. Back to the exhaust and radio and microwaves of the city. Phew. Here is On the Edge in which we ask Dr. Paul Craig Roberts about Andy Grove's opinion piece on Bloomberg, "How to Make an American Job Before It's Too Late."

[touch2002] 17/7/2010 08:18

philw - agree, newsflow over the next few months should be positive and will hopefully give the shares a lift.