Pschiffdicpal
Member
The I Fund has the good legs seen some good reports on japan Europe banks are only ??? Will make move back in, small bites in on low days.
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mojo's Account Talk
- Thread starter mojo
- Start date
The I Fund has the good legs seen some good reports on japan Europe banks are only ??? Will make move back in, small bites in on low days.
Iran sends warships to Gulf of Aden - navy
http://in.reuters.com/article/worldNews/idINIndia-39868320090525
http://in.reuters.com/article/worldNews/idINIndia-39868320090525
I will stay out until the next major drop which will be soon imo. The more I see what is happening the better I feel about gold and silver.
I-fund is hard to judge at this point because of the dollar valuation and many other factors.
I was planning on just following optionmans moves this year but I didn't see his move until about a week after he made it so... I will wait for the next opportunity.
Really the only positive (green shoots) news is total bs spin imo.
Good luck and take care.
http://www.telegraph.co.uk/finance/...-bugs-at-last-have-their-perfect-trinity.html
I'm very sorry to hear that.
Boghie
Well-known member
OptionMan Gone, but Not Forgotten...
I will miss OptionMan myself...
Too bad I didn't follow his trading pattern the past two years - including this one. Yuk yuk
Kinda makes the point that sometimes the more one tries to time da market the more one loses in the end...
I would wager he is kicking himself in the bullocks right now. I can't imagine he can beat his own non-traded account :laugh:
I will miss OptionMan myself...
Too bad I didn't follow his trading pattern the past two years - including this one. Yuk yuk
Kinda makes the point that sometimes the more one tries to time da market the more one loses in the end...
I would wager he is kicking himself in the bullocks right now. I can't imagine he can beat his own non-traded account :laugh:
German debts set to blow 'like a grenade'
http://www.telegraph.co.uk/finance/.../German-debts-set-to-blow-like-a-grenade.html
http://www.telegraph.co.uk/finance/.../German-debts-set-to-blow-like-a-grenade.html
U.S. Inflation to Approach Zimbabwe Level, Faber Says
“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”
http://bloomberg.com/apps/news?pid=20601087&sid=aIeLg1djbBps&refer=home
“I am 100 percent sure that the U.S. will go into hyperinflation,” Faber said. “The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”
http://bloomberg.com/apps/news?pid=20601087&sid=aIeLg1djbBps&refer=home
Hitmen Contracts to Bust COMEX
http://www.321gold.com/editorials/willie/willie052809.html
A bit out there but interesting none the less
http://www.321gold.com/editorials/willie/willie052809.html
A bit out there but interesting none the less
Boghie
Well-known member
Mojo,
More 'out there' than interesting...
Kinda like the History Channel shows on Nostradamus and the Mayan End of the World prophesy. You get various authors promoting various hypotheses supporting doom and gloom and various scientists presenting various facts and theories in a counter argument.
Yup, the dollar may dump, crash, collapse, devalue, whatever.
That doesn’t require the Illuminati or Bilderbergers or Tri-Lateral Commission or the Russian Mafia or the Chinese financial shadow or whatever.
All it requires is the straight line of incompetence.
Europe and America have forgotten that there might be hard and/or bad times. Maybe it is our leadership that has forgotten that we survive such times. Like spoiled parents spoiling their children they have grabbed for the mighty plastic god to ‘survive’ the day. When ‘to survive’ means another center cut fillet rather than chicken tonight! Well, like Kaliforea is finding out, some of the creditors no longer lend to even the credit ‘worthy’. That card is running dry and mamma has to start cooking meals of beans and rice.
Gold has absolutely nothing to do with this.
Adam Smith does.
:toung:
"All it requires is the straight line of incompetence."
Here is a good example.
http://www.youtube.com/watch?v=cJqM2tFOxLQ&feature=channel
Here is a good example.
http://www.youtube.com/watch?v=cJqM2tFOxLQ&feature=channel
Boghie
Well-known member
Occam's Razor
Mojo,
By Jove, I think you’ve found it.
Too bad ‘it’ implies one example. You could post example after example of straight line incompetence.
Anyway, the obvious demonstration of incompetence is the gobmint flak’s inability to categorically state that she has ‘some’ knowledge of where some of the nine trillion or so went. Being that she is the spokesLOP (LOP = Low Output Person) for the FED the implication is that nine trillion dollars is rounding error or something. The FED IG needs to directly look into something so small as that to actually get a feel for it. They have bigger fish to fry. Give them another year or so to study the issue!
On the other hand, the CongressCritter could be the moron – or, maybe is the moron. Maybe the FED Flak doesn’t want to give a list of banks and financial institutions to an ignorant CongressCritter. These critters live for the day, forget the past, and have no idea of the future. Maybe she is concerned that said Critter will open his yak and destroy a bank, a recovering financial entity, or the entire financial sector. It has been done before!!!
My money is on the second example. Nobody could completely lose nine trillion, however Congress could completely and easily blow whatever stabilization that funding has provided by their posturing and ignorance.
I hope to god it ain’t the former.
Mojo,
By Jove, I think you’ve found it.
Too bad ‘it’ implies one example. You could post example after example of straight line incompetence.
Anyway, the obvious demonstration of incompetence is the gobmint flak’s inability to categorically state that she has ‘some’ knowledge of where some of the nine trillion or so went. Being that she is the spokesLOP (LOP = Low Output Person) for the FED the implication is that nine trillion dollars is rounding error or something. The FED IG needs to directly look into something so small as that to actually get a feel for it. They have bigger fish to fry. Give them another year or so to study the issue!
On the other hand, the CongressCritter could be the moron – or, maybe is the moron. Maybe the FED Flak doesn’t want to give a list of banks and financial institutions to an ignorant CongressCritter. These critters live for the day, forget the past, and have no idea of the future. Maybe she is concerned that said Critter will open his yak and destroy a bank, a recovering financial entity, or the entire financial sector. It has been done before!!!
My money is on the second example. Nobody could completely lose nine trillion, however Congress could completely and easily blow whatever stabilization that funding has provided by their posturing and ignorance.
I hope to god it ain’t the former.
Northwestern Mutual Makes First Gold Buy in 152 Years
By Andrew Frye
June 1 (Bloomberg) -- Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the company’s 152-year history to hedge against further asset declines.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajf0L9wTPq6Y&refer=home
By Andrew Frye
June 1 (Bloomberg) -- Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the company’s 152-year history to hedge against further asset declines.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ajf0L9wTPq6Y&refer=home
Exclusive Interview with Future Prediction Expert Gerald Celente
by Terry Easton
06/05/2009
http://www.humanevents.com/article.php?id=32152
by Terry Easton
06/05/2009
http://www.humanevents.com/article.php?id=32152
Dollar Crisis Looming — Don't Short the Market: Jim Rogers
A currency crisis is imminent, so investors should avoid shorting the market, said Jim Rogers, chairman of Rogers Holdings.
"I’m afraid they're printing so much money that stocks could go to 20,000 or 30,000," Rogers said. "Of course it would be in worthless money, but it could happen and you could lose a lot of money being short."
http://www.cnbc.com/id/31106964
So I guess the market could possibly continue to soar on an increasingly worthless dollar. There is no safe place to save these days and that's the way they like it. Pick your poison.
A currency crisis is imminent, so investors should avoid shorting the market, said Jim Rogers, chairman of Rogers Holdings.
"I’m afraid they're printing so much money that stocks could go to 20,000 or 30,000," Rogers said. "Of course it would be in worthless money, but it could happen and you could lose a lot of money being short."
http://www.cnbc.com/id/31106964
So I guess the market could possibly continue to soar on an increasingly worthless dollar. There is no safe place to save these days and that's the way they like it. Pick your poison.
Boghie
Well-known member
Mojo,
It probably isn't a case on 'liking it' (an inflated dollar), but rather complete ignorance of finance and economics.
Most Senators don't invest in equities. How many trust funder folks worth millions invest in stock - not many. That is kinda the meaning of a rich trust funder. In fact, the trust funders in the Senate sorta brag about having their investments in conservative blind trusts. Take a look at Senator Kerry's 1040 when he ran for President. Everything in bonds. President Obama's investment strategy was bonds as well. These folks already 'have it', they don't have to place their assets at risk. They are trust funders. So, they simply do not understand the market. They do not understand why their flapping yak causes market adjustments.
They will learn quickly if their ignorance and incompetence leads to Jimmy Carter style inflation. Bonds absolutely suck during an inflationary cycle.
Thus, blowing the dollar doesn’t require the Illuminati – it just requires Jimmy Carter II.
