with which to short the GLD. Seems counter intuitive, GLD going down as FED increases the money supply, and going up as the FED curtails bond purchases. Can you say MANIPULATION boys and girls.
EFF THE BANKSTERS
This market makes me sick and will go down in history along with tulip bulb mania and the south sea company. The FED really screwed the pooch, and now they have to choose between saving the markets / TBTF banks, and the dollar. There is only one choice. When all is said and done we are looking at SP 666 again. Thats all the market is worth, like it or not we are in a demographically-induced deflationary economy that no amount of FED tinkering can prevent.
and hes talking as if the crisis is OVER!!! Good luck with that.
Isnt it painfully obvious that the only monetary tool the FED has left is jawboning. For my entire adult life FED operations were cloaked in secrecy, and not all of a sudden they are embracing transparency. Please, give me a break. Dont let the door hit you in the #$%$ BSB, and good riddance.
I didnt say it was here, I said it was near. Shorting paper gold is an easy way to raise liquidity, which is being pumped into the stock markets. Ive seen this game many times since 2000, the reason gold has become so volatile the last ten years is central banks dont have the bullion they need to defend fiat currency and keep gold prices stable in dollar terms. These massive shorts at key support levels dont even make sense from an investing perspective, who would sell thousands of contracts at one time if they really wanted to get the best price (one contract = 100 ounces). They are incredibly transparent and are intended to break support in a cascade of stop loss triggers. But once all the liquidity has been squeezed out, the PMs will rebound sharply and you amateur gold shorts will be left holding the bag. BTW unless you are an HFT or a bank with sophisticated equity at risk computer programs monitoring your assets by the microsecond, you have to be an idiot to buy stocks at these prices.
These calls for lower gold prices simply mean GS hasnt been able to cover their gold short. Once they do they will become gold bulls. Dont listen to these MFers, they are the lowest form of #$%$ there is.
Very hard to predict and very difficult to know how to protect your assets. Prices for all asset classes are very distorted thanks to QE. One thing I do know is the FED is desperate for inflation and scared sh*tless of deflation. There is only one asset class that goes up in both scenarios, and that is GOLD.
Is near. As anyone who follows the physical market knows, bullion supplies are tight and large quantities of bullion are difficult to acquire. However if you are interested in buying small quantities, the sheople, who always buy high and sell low, are dumping, so its worth a trip to your local coin store. When I was there last, a bunch of Asians were buying large quantities of gold and silver, while the locals were cashing in grannies silver dollars and griping about food prices.
FED and Treasury to transfer all US gold reserves to US Mint for sale to public at token price. Treasury admits 1933 recall of gold coins monumental mistake as barbaric relic has no value. BTFATH!!
Just look at CSCO's latest earnings report, does that look like economic growth or a recovery for that matter? Just what does matter to the stock market these days - is it just QE?
Im crying for America today
I must be getting old. I guess shes not bad for an old crow. She was just on Bloomberg slamming Nouriel Roubini for being bearish. You know the party is not over Liz Ann. Oh jeez, now she's saying as long as real estate price appreciation is greater than mortgage interest rate increases, real estate is buy. Good luck with that one babe. There is no way the banks want to make 30-year loans in the face of rising interest rates, especially now that they cant dump them on the GSE's. Same situation as the late 70's, and thats why the GSEs were created. Look how well that worked out. How quickly they forget. Oh well, what do you expect from a bank analyst? Is it just me or do Liz Ann and Janet Yellen have the same jowels.
Im crying for America today.
Is close to all time lows. If one counts all the workers who have stopped looking or otherwise dropped out the labor force, the UNEMPLOYMENT RATE would be 11.3%.
The question is do the norms apply in this market? Despite the assertions of the FED nominee to the contrary, any reasonable person with a modicum of finance expertise knows the current stock market appreciation is simply corporate malinvestment of QE (leveraging, refinancing and most egregiously stock buy-backs, which temporarily mimic earnings growth by boosting EPS via the denominator) and a desperate reach for yield by money managers (think about the conundrum faced by pension funds, annuity (insurance) companies, etc, who have to grow their funds to meet mandated payouts). Current stock prices are not supported by the fundamentals, and after today's testimony I realize the FED sees everything through rose-colored lenses, they are eternal optimists (Im thinking that is a requirement of employment) and only recognize failure of their polices after a disaster. And so the question is, IS THIS TIME DIFFERENT? No I dont believe so, QE exhaustion is near, soon it will be apparent to even those in the rabbit hole that current stock market appreciation is bottom line driven. The market will correct severely and we will enter a prolonged period of extremely low interest rate stagflation analogous to the late 1930's and 1940's. Todays 10-year will be a strong buy in the rear-view mirror.
IMHO -Lord help us all and God bless America.