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December 2009

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7

2008-2009: an epidemic of special charge-offs, what does this mean for the market?

December 12, 2009 – Comments (6)

I'm currently reading Benjamin Graham's Intelligent Investor, so far I am enjoying the wisdom in the book quite a bit, though it is a slow read.  Currently I am reading Chapter 12: "Things to Consider About Per-Share Earnings", and I came across a couple of paragraphs that relate very much wisdom to our current situation.   [more]

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7

Is that a wormhole over Norway?

December 11, 2009 – Comments (8)

Last night a "malfunctioning rocket" caused this strange effect in Norway's sky.  [more]

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16

What is the real cost to mine gold per ounce? In 2007 it was only $401/ounce

December 10, 2009 – Comments (15)

Recently I was shot down by TMFsinchinuria in this thread for saying that the cost to mine gold cannot be $800/ounce, a claim that was published by TMFsinchinuria in this "fact checked article", for I noted that just as far back as 2003, gold was selling for $400/ounce - suggesting that in that year the cost to mine gold was below the selling price - otherwise there would be no incentive to mine and sell gold.  Could gold operating costs have risen 100% in just a decade?    [more]

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16

Bank of Korea sees 'Illusion' in Gold. Korea ain't buying.

December 08, 2009 – Comments (13)

From Bloomberg today.  [more]

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8

Wow! E-books are neat - I'm checking out enTourage eDGe...

December 06, 2009 – Comments (9)

I think I've finally found a must-have gadget for myself.  It's called the enTourage eDGe.  [more]

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6

On testing Rofgile's blog predictions for the fall.

December 04, 2009 – Comments (3)

A note on Rofgile's predictions:   [more]

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9

Coincidence: Yesterday Alstry went bullish, today we get the best jobs report in 2 years?

December 04, 2009 – Comments (2)

So, we find out that in November, we lost only 11,000 jobs.  [more]

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19

Gold conspiracy?? pssh- I'll raise you a Ben Bernanke conspiracy!

December 02, 2009 – Comments (11)

Lately there's been talk that gold prices have been held under through a conspiracy of central banks for decades, and is only now breaking free to go to its value in the sky (2000, 3000, 5000... no 10,000!!).  I say rubbish - oil went to $145/barrel last year (more than 2-3 fold increase in price) before it crashed to a low.  Gold is just the new oil.   Its market is filled with speculators, and as they continue to buy, underlying jewelry and industrial demand slackens.  The price of gold to the USD monetary base isn't convincing either, as this increase in USD monetary base over the last twenty years has not resulted in inflationary features of higher wages, higher prices of consumer goods and staples.  For a while it appeared that house prices were going to the moon (like gold) as what is safer than gold but houses.  Even these asset prices crashed in the last several years.  And when you have people coming up with a list of reasons of why XXXX is different, when you see ads on TV for XXXX, on the radio, on every investing web page - those SHOULD be warning flags to you as an investor.    [more]

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