Friday, 29 June 2012
Biderman: Why Does the Market Still Believe in Something for Nothing?
Biderman is back discussing the brainwashed investing public and the lame duck media. He ends with a classic line: "You just cannot print money and solve the world's problems". This statement seems rational to any sane person, yet the politicians and bankers of the world seem to think it is our solution still.
- Source: http://trimtabs.com/blog/
Thursday, 28 June 2012
Sunday, 24 June 2012
Gold has Considerable Room to the Upside
“Look, if you were to run M4, M3 numbers, etc, and assert a value to gold on an appropriate metric relative to that, obviously gold would be at stupendous prices. I believe that gold has considerable room to go to the upside, four or five times (Gold price above $6,000). I think that’s not an inappropriate suggestion.”
- Ben Davies, via a recent King World News interview. Read the full article interview:
Friday, 22 June 2012
Europe to Launch Two Trillion Euro Bailout Package
"What I am hearing is they are readying a two trillion euro bailout package. If that happens, I think it almost puts our Federal Reserve into a box whereby they will have to provide some kind of liquidity event in order to keep the US dollar from spiking higher because the powers that be don’t want a stronger dollar."
- Jeffry Saut, via a recent King World News interview, read the full interview here:
Thursday, 21 June 2012
Fox Gets it Right! Where is the Hope and Change?
A great piece by Fox News (not often I can say that). Shows how Obama has been a complete flop in his first term and how all the "Hope and Change" he promised is no wheres to be found.
Sunday, 17 June 2012
Rand Paul Explains Why He Endorsed Mitt Romney
Rand Paul explains why he endorsed Mitt Romney for president. Whether you agree or disagree with what he says, here it is.
Friday, 15 June 2012
Monday, 11 June 2012
European Crisis Explained
A breakdown of the European debt situation, starting with Greece and consuming the entire continent.
- Source:
www.omidmalekan.com
- Source:
www.omidmalekan.com
Friday, 8 June 2012
Jim Sinclair: No One Will Lend Money
"Operation Twist has been and will continue to be a major non functioning bomb in terms of stimulation. It did zero from its inception and will do less in the future. The 2011 version of Operation Twist calls for the Fed to sell $300-$700 billion of securities maturing in three years or lower, and then use that money to buy longer-dated securities maturing in 7-12 years. The program is designed to lower long-term rates to help mortgage holders refinance and lower the cost of borrowing, therein bolstering the economy. When no one will lend money to anyone what difference does it make to artificially try to keep long rates low? This is MOPE via MSM.
http://www.jsmineset.com/
- Jim Sinclair, via JSMineset.com
Sunday, 3 June 2012
Gold Backed Bonds On the Way?
“So, there was a paper prepared by what are called, ‘The German wise men,’ last fall. It was immediately rejected by everybody in sight.
They came back a few weeks ago with a revised version, where they came up with this formula where the countries would have the guarantees of all of their debt above 60% of their GDP (the legal limit under the Maastricht Treaty) -- they would be covered by a euro bond. And the countries who were getting this euro bond would pledge their holdings of gold.
This wouldn’t have the situation, where as Jens Wideman of the Bundesbank said, ‘We’re not going to use Germany’s credit card for those who spend too much.’ They would have the security of gold. This is under active discussion. I have reason to know they have been discussing it with people in the industry.”
They came back a few weeks ago with a revised version, where they came up with this formula where the countries would have the guarantees of all of their debt above 60% of their GDP (the legal limit under the Maastricht Treaty) -- they would be covered by a euro bond. And the countries who were getting this euro bond would pledge their holdings of gold.
This wouldn’t have the situation, where as Jens Wideman of the Bundesbank said, ‘We’re not going to use Germany’s credit card for those who spend too much.’ They would have the security of gold. This is under active discussion. I have reason to know they have been discussing it with people in the industry.”
- Don Coxe, via a recent King World News interview, read the full interview here:
Monday, 28 May 2012
Greece to Leave Euro Zone on June 18!
Greece will leave the euro zone on June 18 if the populist government wins the country’s elections on the 17 as the rest of the euro zone rounds on "cheaters," Nick Dewhirst, director at wealth management firm Integral Asset Management, told CNBC.com Monday.
“The euro zone is a club but you get cheaters who get away with it until everyone finds out and at that point you need to remove them otherwise everyone will cheat. It’s better for Greece to leave,” Dewhirst said.
He added that Greek society was built on cheating and scheming, saying “everyone does it” but that voters elsewhere in the euro zone were now calling Greece to account.
“The euro zone is a club but you get cheaters who get away with it until everyone finds out and at that point you need to remove them otherwise everyone will cheat. It’s better for Greece to leave,” Dewhirst said.
He added that Greek society was built on cheating and scheming, saying “everyone does it” but that voters elsewhere in the euro zone were now calling Greece to account.
- Read the full story at CNBC here:
Wednesday, 23 May 2012
Ben Davies - The Gold & Silver Liquidation is Over
“I humbly believe the seller is done. For one week there has been several but mainly one entity selling Comex gold futures, as well as some physical to liquidate on the open and closes. This suggest to us it was a CTA commodity type fund. They use volume areas of the day to transact.”
The sell-off in gold is reminiscent of the 2008 deleveraging process but it is more similar in dynamics to 2012 when a notable fund manager had to sell his gold/ ETF holdings. There were buyers of course, seller and buyer volumes must match. But the need to sell overwhelmed the need to buy.
When you have redemptions time is against you to liquidate, so it becomes a case of sell at any price as time becomes finite. Gold buyers picked up some bargains then and they will now.
Before FOMC minutes two nights ago the seller was back at the close. And then the FOMC minutes changed the dynamic of market with the mention by some members that QE would be back if they saw renewed economic weakness. This is the association for us all of why the market stopped going down but in truth the seller was done."
The sell-off in gold is reminiscent of the 2008 deleveraging process but it is more similar in dynamics to 2012 when a notable fund manager had to sell his gold/ ETF holdings. There were buyers of course, seller and buyer volumes must match. But the need to sell overwhelmed the need to buy.
When you have redemptions time is against you to liquidate, so it becomes a case of sell at any price as time becomes finite. Gold buyers picked up some bargains then and they will now.
Before FOMC minutes two nights ago the seller was back at the close. And then the FOMC minutes changed the dynamic of market with the mention by some members that QE would be back if they saw renewed economic weakness. This is the association for us all of why the market stopped going down but in truth the seller was done."
- Ben Davies, via a recent King World News Interview:
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