tag:blogger.com,1999:blog-7982981413278241287.post3419292304503460687..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Mortgage Purchase Index And Other Nuggets Of Golden TruthDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-7982981413278241287.post-62381179788395207172010-06-02T23:48:57.520-06:002010-06-02T23:48:57.520-06:00Sorry, forgot to post his quote
After he sold, Bu...Sorry, forgot to post his quote<br /><br />After he sold, Buffett told his annual shareholder meeting, “certainly at the high end of the real-estate market in some areas, you’ve seen extraordinary movement.” People go crazy in economics periodically,” he continued. “Residential housing has different behavioral characteristics, simply because people live there. But when you get prices increasing faster than the underlying costs, sometimes there can be pretty serious consequences.”Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-51933585942613536152010-06-02T23:39:18.009-06:002010-06-02T23:39:18.009-06:00Back in early 2005, Buffett sold one of two Laguna...Back in early 2005, Buffett sold one of two Laguna Beach vacation homes he owned — a 51-year-old, two-bedroom, ocean-view house in the Emerald Bay neighborhood — for $3.5 million. He bought this home in 1996 for $1.05 million, according to county records. <br />http://southcoasthomes.freedomblogging.com/tag/warren-buffett/<br /><br /><br />Wrinkley Warren is a liar when he says he didn't see the housing bubble.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-5412915730539633802010-06-02T20:53:44.866-06:002010-06-02T20:53:44.866-06:00Buffet talks his book and speak sout of both sides...Buffet talks his book and speak sout of both sides of his mouth at once. Look at the derivatives thing. "Weapons of mass financial destruction." And yet his insurance sub General Re was/is riddled with derivatives. Same with Wells Fargo. I guess when you're as rich as he is you can be an complete hypocrite, an outright liar, and the sheeple will still lick your balls.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-87084678978797826192010-06-02T20:51:28.608-06:002010-06-02T20:51:28.608-06:00Anonymous - the juniors have already cratered. Th...Anonymous - the juniors have already cratered. The ones I own and trade are starting to feel their bottom. <br /><br />A colleague of mine bought over 100k SDRG and it took him almost all day to get that done in the context of .20 - .22. <br /><br />It took me over 3 hours to get filled on a measly 5k of EMX.V and I had my bid mid-market.<br /><br />Soon enough the illiquidity will come from the sell-side of the equation and the stocks will start gapping higher again.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-52419556112778184622010-06-02T19:06:53.856-06:002010-06-02T19:06:53.856-06:00Yeah, and Iran is getting tired of getting paid fo...Yeah, and Iran is getting tired of getting paid for oil in Euros, so is converting a few billion Euro into gold and the US dollar. That should be good for gold - would the US put up sanctions to stop Iran from buying USD? Hmmm is "sanctions" a derivative of "sanctimonious"? Those darn derivatives eh?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-4573356441632258962010-06-02T19:04:36.406-06:002010-06-02T19:04:36.406-06:00If you trade the juniors, you can "feel"...If you trade the juniors, you can "feel" that the bid side is become sturdy and the path of least resistance is no longer down...<br /><br />Cmon on Dave. The juniors and explorers are cratering.<br /><br />Take a good look at the tsx.v. It looks shite.<br />Summer is a terrible season for Vancouver stocks.<br /><br />It will be a great time to buy soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-10702746308715429252010-06-02T19:02:37.246-06:002010-06-02T19:02:37.246-06:00Buffet's losing it, he is just protecting his ...Buffet's losing it, he is just protecting his investment.Harvey Geehttps://www.blogger.com/profile/09635919713994950614noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-86297692916698001562010-06-02T18:01:20.122-06:002010-06-02T18:01:20.122-06:00Color me confused. Buffet on the ratings agencies...Color me confused. Buffet on the ratings agencies.<br /><br />"They made the wrong call," Buffett acknowledged.<br /><br />But he said he counted himself among those who failed to foresee the collapse of the housing bubble. Buffett called it the "greatest bubble" he had ever seen.<br /><br />The greatest Bubble he had ever seen, and he made the wrong call on it? What does that even mean?<br /><br />The world's smartest (ie most connected) investor made the wrong call. Aw shucks, even that folksy gentleman from Nebraska didn't see the greatest bubble he had ever seen coming.<br /><br />While everyone is getting rich, no one sees anything.<br /><br />Is it perjury when the smartest minds in the world (some of them) say they never saw a bubble...when it was obvious to so many?Rothbardnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-62946261932080838832010-06-02T17:31:52.140-06:002010-06-02T17:31:52.140-06:00Dave,
thanks for the tip.Dave,<br />thanks for the tip.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-61551477867884762242010-06-02T17:07:36.559-06:002010-06-02T17:07:36.559-06:00Anonymous - gold is going to experience price vola...Anonymous - gold is going to experience price volatility to the upside and the downside as the price climbs. I am on record saying that I belive we will have a surprise counter-seasonal move a lot higher in the metals this summer. If you trade the juniors, you can "feel" that the bid side is become sturdy and the path of least resistance is no longer down...Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-60876678534004023262010-06-02T17:06:00.448-06:002010-06-02T17:06:00.448-06:00gyc, zerohedge lept before they looked. the mint ...gyc, zerohedge lept before they looked. the mint suspended production of proof coins. they are definitely running out of gold/silver blanks and silver eagles have been on allocation to coin dealers since last week. that comes from "the horse's" mouth.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22816152825433241322010-06-02T16:51:32.224-06:002010-06-02T16:51:32.224-06:00Home sales will go way down this selling season, b...Home sales will go way down this selling season, but that has got to be bullish. More pent up demand?<br /><br />Buffet defending the ratings agencies is ridiculous, but not when you consider the overall circus we have.<br /><br />That jobs number will come in hot one way or the other.<br /><br />And the US mint is out of silver as usual.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-31409137594593571562010-06-02T16:06:40.609-06:002010-06-02T16:06:40.609-06:00So, a strong jobs report coming.
Do we see a conce...So, a strong jobs report coming.<br />Do we see a concerted down draft on gold price coming, however brief?Anonymousnoreply@blogger.com