tag:blogger.com,1999:blog-7982981413278241287.post7984631582171021370..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Bernanke's Clownmanship Demonstrates Why We Need A Gold StandardDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7982981413278241287.post-1030646766462724322011-06-16T09:06:19.952-06:002011-06-16T09:06:19.952-06:00You're out of your mind to sell gold now, Sinc...You're out of your mind to sell gold now, Sinclair tells King World News<br />Submitted by cpowell on Thu, 2011-06-16 02:51. Section: Daily Dispatches<br /><br />10:50p ET Wednesday, June 15, 2011<br /><br />Dear Friend of GATA and Gold:<br /><br />Gold trader and mining entrepreneur Jim Sinclair gets practically apocalyptic tonight in an interview with Eric King of King World News.<br /><br />"The potential right now, right here, right at this point for an error in judgment that would set off a loss of confidence is present, clear, and in all probability something that we are going to be facing well into the summer," Sinclair says. "This is as serious as it gets. ... This has gone so far that there is no solution that can be applied and the only practical method is to continue to expand the Fed's monetary aggregates to continue to hold down interest rates. And hopefully kicking the can down the road until somebody else is in charge -- and that's exactly what they are doing."<br /><br />Sinclair adds that if you let go of your gold now, "You are out of your mind."<br /><br />Sinclair will speak at GATA's Gold Rush 2011 conference in London in August (http://www.gatagoldrush.com/). You can find an excerpt from his interview with King World News here:<br /><br />http://gata.org/node/10011Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-43210733000062032402011-06-16T08:38:59.918-06:002011-06-16T08:38:59.918-06:00and by the way... that's the reward you get fo...and by the way... that's the reward you get for higher risk????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-55624819423619564272011-06-16T08:36:30.325-06:002011-06-16T08:36:30.325-06:00This is crazy. Perhaps best to only get into phyzz...This is crazy. Perhaps best to only get into phyzz. When you look at GDX - since 2006 - GLD has gone up 155% and GDX a mere 30%.<br /><br />So its really best to get into the commodity only?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-43492700168668265712011-06-16T08:26:01.927-06:002011-06-16T08:26:01.927-06:00..."and if you really wanted to insult someon......"and if you really wanted to insult someone...you called them a banker."<br /><br />Will history repeat?<br /><br /><br />Fiat money inflation in France<br /><br />http://maxkeiser.com/2011/06/16/fiat-money-inflation-in-france/<br /><br /><br />maybe..?<br /><br />Classic Goldman Sachs Alchemy<br /><br />That appears bad enough; but Goldman seems to have misled its clients as to how these CDO’s were constructed. In a classic case Goldman Sachs alchemy, they scraped the shit off their own boots, i.e., junk assets on their own books they could not otherwise find a buyers for. That is not what they had told buyers<br /><br /><br /><br />http://www.ritholtz.com/blog/2011/06/classic-goldman-sachs-alchemy/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21432367930157239432011-06-16T06:30:25.444-06:002011-06-16T06:30:25.444-06:00Hi again
Came across this article. I am always wo...Hi again<br /><br />Came across this article. I am always wondering about "Fat Bottomed Girls" (by Queen) - I love them so much!!!<br /><br />On to the big fat bottom. I read many sites and subscription sites on TA on precious metals. The sense I get is that they are now mostly completely out and in cash - waiting. This tells me a lot.<br /><br />Here another article - http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=21063&et_mid=507889&rid=2221608<br /><br />pay particular attention to this paragraph....<br /><br />"My crystal ball is a little cloudy on that question. However, I can report that my own company has a surprising number of established customers who are waiting for a possible one more large price drop before they jump in to purchase. In some instances, customers have sent us funds in advance so that they can move quickly when the market hits their target price. In total, between established customers who have sent us up-front funds and those who are checking periodically to see if now is the right time for them to buy, we have the largest pool of potential demand in 40 years."<br /><br />Waiting for a 2008 event????<br /><br />So then don't we think the big fat bottom is in?? Or can the COMEX or the industrial complex really afford for the drop to happen because then all phyzz will be gone.<br /><br />Another note by Ted Butler - SLV has redeemed 55mill oz since end April - out of what 450mill - that's 12.2% - where has that gone. So under cover of darkness - the COMEX - all phyzz is leaving to where??<br /><br />I once listened to Lindsay Williams and he mentioned that the Elite are upset that people are waking up to what they are up to. This was when silver was on its way to $50. Now they have us by the curly's again and before we know what is going on - phyzz will be gone!!!!<br /><br />Another good analyst/TA guy who sometimes writes for Jim Sinclair has also mentioned that the retail investor is almost all out now and perhaps even shorting - very good setup for an explosion.<br /><br />Those who are out in cash now - may perhaps just be the bamboozled ones??? Or not.<br /><br />Go and appreciate your girls Big Fat Bottom!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-88769388872500998902011-06-15T19:54:12.950-06:002011-06-15T19:54:12.950-06:00Amazing...1st they cry about the onerous $15 milli...Amazing...1st they cry about the onerous $15 million they need to audit ft.knox gold but no one seems too concerned about the $6 billion stolen in Iraq...yet they'll talk out loud about the $3.5 billion they need for the Libyan rebels...and now this...I mean we bring banana republic to a whole new level!<br /><br />CFTC ...the cop car has no gas....so blow all the stops!!!<br /><br />(courtesy Dow Jones newswire)<br />DJ CFTC's Gensler: Without Funding, Agency Can't Enforce New<br />Rules<br />2011-06-15 14:06:43.656 GMT<br /><br />By Jamila Trindle<br />Of DOW JONES NEWSWIRES<br /><br />WASHINGTON (Dow Jones)--Commodity Futures Trading Commission Chairman Gary<br />Gensler said Wednesday that his agency wouldn't be able to effectively police derivatives markets without more funding, as the House of Representatives is scheduled to continue debate on the bill that includes the agency's budget for next year.<br />Last year's Dodd-Frank financial overhaul assigned to the CFTC and the Securities and Exchange Commission the responsibility of writing dozens of new rules creating a new regulatory regime for over-the-counter derivatives known as "swaps," a much larger market than the futures market that the CFTC currently oversees.<br />"Without sufficient funding for the agency, our nation cannot be assured of effective enforcement of new rules in the swaps market to promote transparency, lower risk and protect against another crisis," Gensler said, in remarks prepared for a Senate Agriculture Committee hearing.<br />He said it would also hamper the agency's ability to seek out fraud, manipulation and other abuses in commodity markets.<br />House Republicans have proposed a budget of $172 million for the CFTC in the12-month period beginning Oct. 1, substantially less than the $308 millionsought by President Barack Obama.<br />The funding has been included in a wider $126 billion bill to fund theDepartment of Agriculture and related agencies that the House could vote toapprove as soon as this week.<br />While the bill is expected to be approved by the House given the sizeableRepublican majority, it is almost certain not to be taken up by the Democratic-controlled Senate. Rather, like the other spending bills to fund thevarious departments and agencies of the federal government, it is more likelyto be included in a wider budget deal that is currently being negotiated byHouse and Senate leaders and senior officials from the Obama administrationAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-47507303467896532522011-06-15T19:25:42.424-06:002011-06-15T19:25:42.424-06:00As a postscript to the story, CNBC asked for a tou...<i>As a postscript to the story, CNBC asked for a tour of Fort Knox to film the gold, since our only footage of Fort Knox is from 1974. An official at the Mint told us that not he was not aware that any member of Congress had toured the facility since that year. Fort Knox is "a closed facility," the official said. </i>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-38970706055340882712011-06-15T17:23:33.084-06:002011-06-15T17:23:33.084-06:00This was on CNBC today. Amazed they still talk to...This was on CNBC today. Amazed they still talk to Truth Tellers. Like your article today Dave, Rod's comments are spot on. <br />================<br /><br />Government Must Act Now to Avoid Fiscal Crisis: Fund Manager<br /><br />Wednesday, 15 Jun 2011 | 1:53 PM ET <br /><br />"Time is running out for the United States' fiscal problems to be fixed, said Robert Rodriguez, one of the mutual fund managers who correctly predicted the last two stock market crashes. Rodriguez's stock fund, FPA Capital [FPPTX] has returned 15 percent annually over the past 25 years. His bond fund, FPA New Income, has never posted an annual loss. <br /><br />Video clip: http://www.cnbc.com/id/43409151 <br /> <br />In addition, he will not "commit" to a long-term bonds economy. "The 3 percent [on U.S. 10-year Treasury bonds] is an illusion. It's a manipulated market...these are buyers that are not, shall we say, interest rate-sensitive. They have other agendas."JPhttps://www.blogger.com/profile/09751978339290618888noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-81035323950456964452011-06-15T17:17:50.454-06:002011-06-15T17:17:50.454-06:00Turk
Is the ECB solvent or not?
What about the F...Turk<br /><br />Is the ECB solvent or not?<br /><br />What about the Fed?<br /><br />http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/6/16_James_Turk.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-80813330215996742742011-06-15T14:23:30.504-06:002011-06-15T14:23:30.504-06:00(Dave)
Feels good to be holding physical gold and...(Dave)<br /><br />Feels good to be holding physical gold and silver, right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-13541809667255975412011-06-15T13:35:54.551-06:002011-06-15T13:35:54.551-06:00Hello Dave, I enjoyed your article today. I am wr...Hello Dave, I enjoyed your article today. I am writing from Colorado, so I hope you are doing all you can to enjoy our weather!<br /><br />I think it is becoiming evident that the table has been set and it has very little to do with protecting the average American and everything to do with protecting those with 1st access to the money supply. It is beyond reason that people in America don't realize what is happening right before their very eyes... All I can say is STACK PHYSICAL METALS while you still can! The Comex is the time bomb and the big red button has been pushed. For all those that still believe that Bernak is going to pull a Macgyver and save the day will soon have a big surprise when they find out it is really Macgruber at the helm... We truly shall watch the paper burn together soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-87706980112309812892011-06-15T13:13:51.373-06:002011-06-15T13:13:51.373-06:00(DAVE)
Sure. The same thoughts as you have: s...(DAVE) <br /><br />Sure. The same thoughts as you have: smart money is starting to grab onto as much actual, unencumbered physical gold and silver as they can and GRAB YOUR BALLS AND HANG ON TIGHT CUZ THIS MIGHT GET UGLY!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-86853213889421626922011-06-15T12:58:31.843-06:002011-06-15T12:58:31.843-06:00Any thoughts on the 2 million ounce silver removal...Any thoughts on the 2 million ounce silver removal from the COMEX yesterday?Purewaternoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-54325864403229315042011-06-15T12:47:23.259-06:002011-06-15T12:47:23.259-06:00(Dave)
Well, if it can get up to 82, it can get b...(Dave)<br /><br />Well, if it can get up to 82, it can get back to where it was at the beginning of 2011...If the Greece thing is resolved, the dollar will drop like like a large piece of hardened poop falling from an elephant after it eats its way thru a Planter's peanut factory...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-39876975016180795992011-06-15T11:51:15.569-06:002011-06-15T11:51:15.569-06:00Chico,
Rise UP! The Mighty USD is Back.Chico,<br /><br />Rise UP! The Mighty USD is Back.Anonymousnoreply@blogger.com