Thursday, July 22, 2010

BOOM Goes The Dynamite

"I know that you don't need this gold at present.  What you need is the justice which it represents, and the knowledge that there are men who care for justice" (Atlas Shrugged).

Which chart do you want to own? (click on each to enlarge)






As an aside:  one of the most pathetic human beings I have ever observed, outside of Ben Bernanke, is Barney Frank.

15 comments:

  1. Funny no one asked the question as to why Obama and the other Trolls decided to sign that Piece of Toilet paper legislation yesterday at the Regan Memorial....Odd.

    Any how Dave this puts to rest the troll that frequents here and his Dollar to the moon deflation call.

    I snicker.

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  2. the dollar bull is a source of entertainment. he always disappears when the dollar shits the bed. lol

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  3. Waiting for the USD/CHF to bounce and then short it to the basements

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  4. Region of Malaysia Plans Gold-Backed Currency

    http://www.economicpolicyjournal.com/2010/07/region-of-malaysia-plans-gold-backed.html

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  5. HI Dave: OT question. Do you have an opinion on the silver miners ETF, SIL?

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  6. Prechter reads this blog? Who knew.

    Dude, I can't wait for the NFL season to start.
    Could be the last one we see for a while.

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  7. anonymous, i have not looked at SIL. I'm sure it's fine if you are looking to index a portfolio of silver stocks. I prefer my own research and stock selection. I like SLW, ECU, SDRG, HL, SRV and few others.

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  8. Thanks for the link Bill. Malaysia has been threating a gold-backed dinar since like 2002 LOL. The guy who runs the country is an anti-western/anti-fiat hero in my view. I hope he does it.

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  9. Agree Rodd. I can't believe the players would even think about striking. Of course, the shit head in the Oval Office would probably let them have extended unemployment bennies.

    Broncos gonna surprise for the whole season this year...

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  10. http://www.telegraph.co.uk/finance/markets/7895242/Mystery-trader-buys-all-Europes-cocoa.html

    """
    Most of these contracts are "options" or "futures" giving a trader the right to buy these commodities at a certain price at a certain time in the future. What made yesterday's trade so unusual was that the mystery buyer or buyers took physical delivery of the commodity.
    """

    Someone/Somegroup bought 241,000 tonnes of cocoa. Annual world cocoa production: ~3 million tons (perhaps less this year after a weak harvest). Even so, that's buying ~ 1/12 of the annual world production.

    Now can you imagine someone standing for delivery of 1/12 of the annual world production in silver at the Comex? Of course, the CFTC would start enforcing position limits in the blink of an eye.

    The double standard here is that in the article they are speculating that the cocoa buyer may be trying to corner the market (with a 8.33% physical purchase of annual cocoa production). But the bullion banks in silver have a much greater paper short position when viewing their short position as a percentage of world annual silver production.

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  11. Dear Dave,
    Love u and all but why do you not jump all over the Corporate owned Repubs who are if anything much worse than B Frank.

    PS Can you lose the silly AR quote, please!!

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  12. I have been so sidetracked with work being done on the house I am missing all this!

    I think both long term bond price targets are in the near future coupled with stock indices minimums. What a fiing joke.

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  13. Hey gyc! the bond market is insane. who the fuck would buy a 10 yr bond yielding 2.94%? Negative real interest rate on your money for 10 years ROFLMAO...

    Anonymous: there's no difference at all between Demos and Repubs...it just so happens that BF is in a position of power and he wields it in a very corrupt way. That homo should actually be in jail for as many male pages as he's sodomized.

    If I'm right about the anti-Obama/Demo backlash coming in November, the Repubs will be back the batters box and I'll hurl plenty of fastballs at their heads LOL.

    Yer gonna have to deal with AR quotes until I'm done reading AS lol. Sorry.

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  14. The only way any of this makes sense is if it's all a joke. Occams razor says that is the best answer!

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