Author Topic: Just commodities (Read 133445 times)

Libertas · « **Reply #320 on:** May 21, 2012, 09:35:55 AM »

Good breakdown on gold -

http://www.zerohedge.com/news/why-has-gold-fallen-price-and-what-outlook

I would expect the Eurocontagion fears to support the dollar...once that stabilizes or if the crisis deepens I would look for gold to regain strength...so in the meantime buying opportunities exists for physical purchases...then I think QE kicks in and the slow walk turns into a gallop.

charlesoakwood · « **Reply #321 on:** May 22, 2012, 09:36:09 PM »

"What's the word of a liar worth?"

UNCLE SAM BULLYING BROKERS OVER SILVER? [Plus, JPM's $7 Billion Blunder] - Woody O'Brien

This is a very interesting interview, and O'Brien talks about the JP Morgan prop trade debacle. Jamie Dimon initially said the losses were $2 billion. Now people are talking about it being $7 billion. I think it is $30+ billion. Why? Because as ZeroHedge pointed out, JP Morgan has stopped their stock buy-back program even though their share price has tanked. Interestingly, JPM was told by the Fed that IF they suffered a $31 Billion dollar prop trade loss, they would have to suspend all stock buy-backs.

Uh-huh. Dollars to doughnuts says JPM lost at minimum $30 billion.

That piece is here.
_ _ _Ann Barnhardt

Libertas · « **Reply #322 on:** May 23, 2012, 07:05:15 AM »

Yeah, saw that.

My favorite comment on the ZH article? "Rounding error".

Yeah, I mistake $2b for $30b every day...

/

Libertas · « **Reply #323 on:** May 31, 2012, 08:17:25 AM »

Demand and risk issues could see an increase in PM prices.

Could be at/near the current bottom. Have to see if the current bump in gold is sustainable.

http://www.zerohedge.com/news/gold-rises-40-markets-fall-sharply-safe-haven-tipping-point

charlesoakwood · « **Reply #324 on:** May 31, 2012, 09:46:22 AM »

9:49 - 1572.90
10:12 - 1551:90

It's on it's way back up now.
Just a little hit and run on it's
journey.

Libertas · « **Reply #325 on:** May 31, 2012, 11:37:51 AM »

1564.40 now. The beat down is thwarted by those they panicked too much and who didn't want to play with currencies or other paper assets...

Libertas · « **Reply #326 on:** June 01, 2012, 07:46:00 AM »

ZH article on the gold standard -

http://www.zerohedge.com/news/guest-post-myths-and-realities-returning-gold-standard

Since ZH is Libertarian and big cheerleaders for Ron Paul there is a bias towards returning to the gold standard, but it is not the end all be all of economic and monetary sanity returning to the land.

The looters will simply debase gold as they debase currency, and profligate spending and mountains of debt will continue until it collapses utterly. All the government has to do is confiscate private stocks, melt it down, skim, and return debased metal to owners. Rinse/repeat for the rest of time...

Libertas · « **Reply #327 on:** June 01, 2012, 09:15:21 AM »

On the wake of todays disasterous employment numbers...Gold just gave the middle finger to Obamanomics and Chairman Bernanke...

http://www.zerohedge.com/news/gold-explodes-spam-unchanged

http://finviz.com/futures_charts.ashx?t=GC&p=m5

Ha Haaa!

charlesoakwood · « **Reply #328 on:** June 01, 2012, 10:28:33 AM »

*
http://www.kitco.com/images/live/gold.gif
May 31 close 1560.20
June 01 18:00 1626.30

Does have that "up yours" look, doesn't it?

*Chart will be removed at the end of trading.

Libertas · « **Reply #329 on:** June 01, 2012, 10:43:54 AM »

Yuuuuup!

charlesoakwood · « **Reply #330 on:** June 05, 2012, 09:20:29 PM »

This is a live chart so take a good look right now:

June 05, 19:50 - 1615.90
June 05, 21:20 - 1627.70

Here Comes The Hilsenrath Leak: "Fed Considers More Action"
06/05/2012 - 19:29 - "Fed Considers More Action Amid New Recovery Doubts." And as it has been leaked (now that people have actually done the appropriate math), so it shall be.

ETA: http://www.zerohedge.com/news/negative-5y5y-2200-gold

Libertas · « **Reply #331 on:** June 06, 2012, 07:31:54 AM »

Yeah, caught ZH this AM, how is the Fed going to sell more QE with inflation on the horizon? How can they ease? from ZIRP to NIRP?

There is no good way out of this and instead of doing the right thing and take your pain now, they'll continue to manipulate themselves to a soft landing that will never come, thus ensuring the landing we do get it brutally jarring.

Say your prayers.

Libertas · « **Reply #332 on:** June 07, 2012, 09:28:23 AM »

Just the usual manipulation, The BenBernanke speaks to Congress...dollar up, PM's down...BTFD!

http://www.zerohedge.com/news/live-webcast-bernanke-testimony-joint-economic-committee

That must be Ben in the helo!

http://www.kitco.com/charts/livegoldnewyork.html

Predator Don · « **Reply #333 on:** June 07, 2012, 01:29:32 PM »

Didn't hear Bernake...... I assumed the markets jumped because of the talk of more free money coming thier way. Haven't checked the market today.

Libertas · « **Reply #334 on:** June 08, 2012, 07:52:49 AM »

I listened to a livestream of it...hearing the idiot demonrats bloviate about nothing but trying to sound like they have a brain cell was nauseating, the simultaneous postings on ZH were fun, everybody groaning about morons asking the questions and the moron failing to answer them.

It will be thumb-twiddling a bit longer to see what the Euro-crisis brings before Helicopter Ben decides to throw paper out the door again...

Prolonging the inevitable, yeah, that'll work...

On a lighter side, Hitler surfaces again...

http://www.zerohedge.com/news/hitler-long-usd-gets-margin-call

Libertas · « **Reply #335 on:** June 11, 2012, 10:07:48 AM »

Visualizing China's Voracious Appetite For Gold
http://www.zerohedge.com/news/visualizing-chinas-voracious-appetite-gold

Mmmm... nom, nom, nom nom!!!

Get some, BTFD!

!

Libertas · « **Reply #336 on:** June 11, 2012, 01:09:38 PM »

Oh, and let's not forget gulp, gulp, gulp!

http://www.zerohedge.com/news/guess-what-else-china-hoarding

Hmm, global depression is still all the rage, bad news out of Europe spilling out everyday, poor economic numbers in America, Asia not faring much better...bottome line global oil demand is down, so...either the ChiCom's-

a) Are admiting their domestic production is declining
b) Are preparing to invade someone
c) Are worried someone will invade them
d) Are worried the world supplies will be disrupted (Iran?)
e) Are intentionally instituting a planned haording strategy in light of any or all the above

I'll go all-in on "e"!

Weisshaupt · « **Reply #337 on:** June 11, 2012, 01:47:54 PM »

My Apmex physical barometer is way up-- $1.15/oz premium on the $500 face value bag of junk silver. $28.30 for spot? 29.50 for physical with no collectible value and only 90% pure. Pre- 2008 the premium on that stuff was under a dime.

The disconnect is getting wider.

Libertas · « **Reply #338 on:** June 12, 2012, 07:03:30 AM »

Yeah I like keeping an eye on those premiums too, there seems to be spike, and I think it is more than current demand opportunity driving it, I think anticipated short-term demand is expected to rise. Seeing the current world economic conditions as they are and central banks loading up more (especially the Chinese) indicates money is flowing into hard assets and away from paper. The more that happens the more hits the paper assets will take and it will really expedite paper crashes. Even with those premiums the recent pullback in prices seems to indicate the buying window should still be open for those wanting to get physical.

Libertas · « **Reply #339 on:** June 13, 2012, 07:58:49 AM »

Poor retail sales numbers, more anticipation for QE3...and PM's pop up.

http://finviz.com/futures_charts.ashx?t=METALS&p=m5

Author Topic: Just commodities (Read 133445 times)

charlesoakwood

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charlesoakwood

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