tag:blogger.com,1999:blog-7982981413278241287.post8785285691718439985..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Look Out Above?Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7982981413278241287.post-74557337473743492442012-11-17T08:41:37.129-07:002012-11-17T08:41:37.129-07:00No I saw that news when it hit the tape Thurs nigh...No I saw that news when it hit the tape Thurs night. I'm still trying to make sense of them of lowering the initial and keeping the maintenance the same. I don't think the theory that it's designed to suck in more longs and then hit the market, forcing margin calls is credible. I think they're trying to bring the initial margin more in line with that of other volatile commodities.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-49591328351891514002012-11-17T08:39:26.954-07:002012-11-17T08:39:26.954-07:00LOL. You can youtube it. I love that clip. The e...LOL. You can youtube it. I love that clip. The expressions on Elway's face is priceless. If he had Shanny as his coach his whole career he'd have every passing record in the book and probably 5 Super Bowl rings.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-18368857616070320832012-11-17T07:00:07.889-07:002012-11-17T07:00:07.889-07:00Phyzz is where it's at! I can't believe a...Phyzz is where it's at! I can't believe anyone at this point would trust the US gov't and the Fed with their future! PM's equal zero counterparty risks! Got Phyzz yet? It's a no brainer! As far as speculation, if you get burned, you deserve it! Those who are serious about a future have already taken advantage and are sitting tight and thank God for all the talking heads and MOSTLY GOD, in Jesus' name for a position LONG before the SHTF! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21713880527493577292012-11-17T02:45:49.821-07:002012-11-17T02:45:49.821-07:00It's funny that Jim St Clair was saying the sa...It's funny that Jim St Clair was saying the same thing about some PM investors struggling to keep the faith. Think about it, the transition from failing fiats to sound money is not going to be a casual stroll through the park. Manipulation, fear, greed, panic, confusion, etc are all part of the transition. The next few years will be even crazier than what we've seen. Keep an iron hand on the tiller. Keep up the good work DaveAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-57740496138746961832012-11-16T18:38:05.646-07:002012-11-16T18:38:05.646-07:00Thanks for such an intelligent summary.
Am using ...Thanks for such an intelligent summary.<br /><br />Am using this AB transition to accumulate watchlist stocks a little bit at a time because one never knows when it ends.<br /><br />Thanks for your intelligence.<br /><br />Regards<br /><br />MichaelMichaelnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-65948643261797845222012-11-16T18:28:23.146-07:002012-11-16T18:28:23.146-07:00Dave,
Sad to see the Elway clip taken down. I wou...Dave, <br />Sad to see the Elway clip taken down. I would que that up every time I visited this site just to see his s*** eating grin!! A real player, that kid!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-9683980454845358192012-11-16T18:17:14.342-07:002012-11-16T18:17:14.342-07:00The Life of Greece's One Percent
Patera'...The Life of Greece's One Percent<br /><br /><br />Patera's background no doubt helps her keep a level head. People with enough money have no need for conspiracy theories. But what are rich people doing for their country?<br /><br />Greek President Karolos Papoulias once said: "Everyone acts in accordance with their patriotism." Peter Nomikos says that Greeks are horrible citizens but enthusiastic patriots. The 33-year-old investor from a ship-owning family is actually trying to do something for his country. He has founded an initiative called "Greece Debt Free," which aims to help Greeks buy back their debts. This is an impossible undertaking not only because it involves the astronomical figure of roughly €300 billion, but also because three quarters of this debt is held by public creditors rather than being traded on the open market.<br /><br />By August, donations to Nomikos' initiative had surpassed €2.5 million. The figure is constantly updated on the "Greece Debt Free" homepage. As of Monday morning, the sum lay at €2,510,072 -- or almost exactly where it was three months earlier. <br /><br />http://www.spiegel.de/international/europe/the-crisis-has-yet-to-hit-the-wealthiest-greeks-a-866693.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-27536634965685302542012-11-16T17:50:40.353-07:002012-11-16T17:50:40.353-07:00Losses on bailed out banks and lies about public d...Losses on bailed out banks and lies about public debts.<br /><br />These losses haven’t been recognized but are there. They are real. They are simply being papered over by officially sanctioned acounting rules. But should the tax payer ever try to sell its stake in these moribund money-pits the losses would surface. No bank would be fooled by the pretence for the simple reason that they are using the same trick themselves. What the government really needs is an idiot. Someone stupid enough to buy a rotten bank. Now who could they possibly find?<br /><br />Spain has the answer. Spain had exactly this problem with its own Frankenbank, Bankia. Bankia was sewn together from the decaying parts of Spains deceased Caja system. Once Bankia was created, the government was desperate to privatize it.<br /><br />To that end the newly appointed head of Bankia, Mr Rato, stood up and said, that Bankia was, I quote from the official Press release,<br /><br /> solid, healthy and with a vast capacity for generating resources, a factor that has already proven its values on the market .<br /><br />The Bank even posted a €44 million profit. Bankia, through its network of Caja branches then aggresively sold its shares to its own customers. 120 000 of them bought the lies. You can read more about Mr Rato, Bankia and the rot in Spain in The Eurofiscal Corruption Contest – The Spanish Entry.<br /><br />Since then, Bankia has posted a €7.05 billion loss for the first nine months of this year. As for the poor people who bought Mr Rato’s lies, well the shares they bought have lost 70% of their value since listing in 2011.<br /><br />So there is the answer for the UK government.<br /><br />http://www.golemxiv.co.uk/2012/11/losses-on-bailed-out-banks-and-lies-about-public-debts/<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-71307956671173383612012-11-16T16:40:44.649-07:002012-11-16T16:40:44.649-07:00Not like you Dave to miss this sort of news to bus...Not like you Dave to miss this sort of news to busy fighting windmills on the site if you ask me. <br /><br />CME, the biggest operator of U.S. futures exchanges, cut initial margins on COMEX 100 Gold Futures 18.5 percent to $7,425 a contract from $9,113, but left maintenance margins for the yellow metal unchanged.<br /><br />The exchange operator trimmed maintenance margins to trade silver to $11,000 per contract,<br />from $12,500, and initial margins to $12,100 from $16,875 per contract.<br /><br />Maybe the Crooks at the COMEX can't get out of their short positions because of the physical bind. Are they getting ready to pump and then dump? How high will they go before they suck all the newbies in and really get shot of the short position once and for all?Anonymousnoreply@blogger.com