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Yamana Gold, Inc. Message Board

  • pendlorian pendlorian Aug 14, 2013 7:58 PM Flag

    Macy's downward guidance = the market is rank with fear.

    Fed uncertainty, overbought market, Macys the best retailer and retail ceo could not deliver, even with the JCP debacle. Everyone shops Macys at some point and they missed with the best model in the industry. US economy is 70% consumer driven. Kass has gone totally bearish, the man that called the bottom in March 2009, on the very day. Gold will soar on defense and rotation. The gold rally is true with a near term leg up to 13 for AUY. Gold gets a 1400 handle next few sessions. The mkt top is in. 1640 next support on the S&P and I'm generally bullish. Sentiment has changed. Buy all the mining stocks you can. glta Pen

    Sentiment: Strong Buy

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    • “…Macys the best retailer and retail ceo could not deliver…”

      America’s brick and mortar retailers have been busily bribing their US Congressmen via PACs to screw consumers that know they will get better value for their money on the Internet. By taxing consumers the Macy’s of this world are scheming to have Internet tax legislation passed on their behalf. Anyone who has observed these corrupt un-Constitutional acts can only say, “Good riddance to Macy’s, JC Penney”, Sears (K-mart), and etc.

      The US Constitution is very clear about taxation across state borders. The US Commerce Clause forbids it. The reasons are obvious to those who understand that while the nation is divided into states, the states have no right to engage in cross-border economic warfare, lest the goal is to divide, as has the Soviet Union, into separate countries. Nothing is a surprise these days at the corrupt acts of those who have access to the levers of political power that the rest of us do not. Online retailers, like Amazon, have sided with the brick and mortar crowd. What does Amazon care, just as do many in their class of online retailers, since passing along such costs to the consumer has not been an issue. How many can organize a march on Washington, DC in protest. They are probably correct since opposition lobbying is virtually non-existent.

      If these “best retailers” cannot adjust to the ups and downs of the retail world, as must the rest in a free market driven economy, then they don’t belong in business anymore.

      Why wonder what will happen when the COMEX has no inventory to deliver? We only need to observe the history of the FDR Era. Those who have understood that fiat counterfeit un-Constitutional monopoly money is without value also understand that confiscation of real money will again replace COMEX short-falls. FEMA camps and the enormous acquisition of ammunition for domestic usage make clear what the end game is. Supportive innuendo by those on this topic reveals their agenda.

    • Gold will show its true color like it did recently.It is a shelter for nothing.There are countries that are liquidating their gold as they have seen it carries no true value other than for jewelry.

    • will push more money to gold. Not sure what COMEX will do when their deliverable gold is all out the door. The gentlemen NY trader paper gold game is coming to an end.

7.96-0.06(-0.75%)Apr 17 4:03 PMEDT

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