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April 2010

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Some more Gold Miner charts that I like

April 30, 2010 – Comments (0)

Continuing along with the theme from my last post (A look at a miner that I continue to remain very bullish on - AEM) here are some more gold miner charts that I like:  [more]

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A look at a miner that I continue to remain very bullish on - AEM

April 30, 2010 – Comments (1) | RELATED TICKERS: AEM

No need to lay out the fundamentals for Agnico-Eagle Mines (AEM). They were intact years ago when I first valued them and the case for their continued favorable valuation still remains high. Instead, let me point you to a few articles from the man who really knows his Gold and GSMs, Christopher Barker (TMFSinchiruna)  [more]

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Five Questions About Gold The IMF Refuses To Answer

April 29, 2010 – Comments (11)

I was reporting on this several weeks ago: IMF Is Now Rejecting Prospective Buyers For Its Gold Stash - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=360779. Seems like the IMF is still singing the same tune.  [more]

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ECB may have to turn to 'nuclear option' to prevent Southern European debt collapse

April 28, 2010 – Comments (13)

Quantitative Easing for everybody!!! (crowds cheer and blindly buy everything).  [more]

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Epidemics of 'Control Fraud' Lead to Recurrent, Intensifying Bubbles and Crises

April 28, 2010 – Comments (1)

I am a big fan of William Black. I have written many posts linking to his interviews. I think both he and Elizabeth Warren have a similar message: "regulation of financials can and should be done far more effectively with the resources we already have".

This is a very important part of the equation, but it is not the only one. It isn't even the biggest one.  [more]

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Spitzer & Black: Questions from the Goldman Scandal

April 27, 2010 – Comments (2)

More description regarding GS's fradulent activity in the CDO market  [more]

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BS Alert: Goldman Sachs - What's the Right Measure of US Government Debt?

April 26, 2010 – Comments (7)

ZeroHedge has a nice intro to this trainwreck. Goldman-Sachs has a vested interest in the status quo, and they could care less that all the new debt now has negative economic impact, because they are one of the first ones to receive it. Inflation and massive defecit spending not only hurts the economy (making it less efficient, and like I show below, eventually no longer produces marginal utility and in fact has a negative impact) but it changes the structure of the economy. Specifically it allows for those that receive the debt first (financials) to squeeze whatever utility exists (lets call it nuclear potential) and to pass along whats left (lets call it nuclear waste) to the rest of the economy (eventually higher prices and debt servicing costs on Government debt that have to be borne by US citizens by either higher taxes or more inflation). It allows financials to grow much larger than they should.   [more]

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Meet the new Goldman derivatives business, Commentary: Bank sure to exploit loopholes in current derivatives bill

April 25, 2010 – Comments (6)

This might have already made the rounds here, but it is an article worth reading.  [more]

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EVERYBODY HURTS

April 23, 2010 – Comments (5)

Sometimes ....

As long as two-word post titles are being thrown around, why not this one?

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These F@#king Guys - Goldman Sachs

April 20, 2010 – Comments (10)

These F@#king Guys - Goldman Sachs. Title says it all. I reads exactly like satire (which SNL did years ago) Sometimes the Truest Points are Made Through Humor, but nope, it's real.  [more]

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Hit Me!!! (One more time)

April 17, 2010 – Comments (7)

Random Thought:  [more]

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Eric Sprott Interview on CNBC

April 15, 2010 – Comments (6)

Another good interview with Eric Sprott. Not as detailed an his interview on King World News http://caps.fool.com/Blogs/ViewPost.aspx?bpid=360939. He discusses the Sprott Physical Gold Trust (PHYS) in comparison to GLD (which is a leveraged trainwreck). He makes the case for the continuation of the Gold bull market. And at the beginning of the interview, he discusses Debt Saturation, an issue that I have been harping on for awhile now: Debt Saturation - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=357428.  [more]

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Jim Rickards: Possible Run on the Gold Bank, Fed Insolvent, Currency Endgames in the US Dollar Debt Crisis

April 14, 2010 – Comments (4)

Jesse put together a great post highlighting the points from Jim Rickards interview on King World News. Some similar points were made by Eric Sprott in his interview on King World News http://caps.fool.com/Blogs/ViewPost.aspx?bpid=360939. Mr. Rickards also made some very similar points in his article at the Daily Caller: http://caps.fool.com/Blogs/ViewPost.aspx?bpid=374158.  [more]

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21

John Hussman: Extend and Pretend

April 12, 2010 – Comments (5)

John Hussman of www.hussmanfunds.com puts out a Weekly Market Comment (which I highly encourage you to read every week). Per usual, this is another good article.  [more]

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LTCM General Counsel On Debt Denial: "There Is Little Time To Avoid Catastrophe And Almost No Exit", Suggests Gold Price Of $5,500

April 11, 2010 – Comments (1)

Another good post that goes along with the ideas in a few of my recent posts. First is the idea of Debt Saturation - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=357428. That is that ever since the 1970s when government started running massive defecits and not covering those defecits when it had the opportunity (which is a big distincition to how the economy was operated from 1940-1970 where there were cycles of debt generation and then paying down that debt) has resulted in a massive marginal decrease in the utility of that debt. We have now reached the point where new debt not only provides no new economic utility (based on the proportion of debt servicing costs relative to economic production generated by that debt), but have now crossed over the threshold where new debt now has a negative economic impact. Another post of mine talked about how the bond market is responding to this debt (Moving Some Macroeconomic Deck Chairs: The Dollar, Dollar Swaps, Bonds and LIBOR - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=369098), and why the macroeconomics are not painting a recovery, but a reaction to the massive Dollar Swaps that were initiated during the Deleveraging crisis of 2008 and subsequently drained (i.e. the "bottom" was not a market driven bottom but a manipulation driven one, which makes it a bounce, not a bottom). The third post More Thoughts on Gold's Massive Bull Market - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=372061 talks about how gold will react to the macroeconomic setup we find ourselves in, and how the Fed and the Treasury are likely to handle things (since they have stayed on track with a very specfic one-play playbook).  [more]

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Chris Martenson: The Shell Game Continues…

April 10, 2010 – Comments (5)

Many of you know Chris Martenson from his phenomenal presenation and educational set, The Crash Course. He recently wrote a new post regarding the Treasury "Shell Game" that is a fantastic read, well worth your time.  [more]

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More Thoughts on Gold's Massive Bull Market

April 09, 2010 – Comments (5)

I am very bullish on gold. This is no surprise. I have written on the subject of gold many times.

The main reason why I am bullish on gold is that it is in a massive bull market in comparison to fiat money. Gold is a currency. Like any currency, you don't own it because it has intrinsic value, you hold it because it is a store of wealth. So when I say gold is in a massive bull market in comparison to fiat money, I mean exactly that. Gold will hold its value while fiat money is devalued in comparison.  [more]

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A 'Bloodbath' in US bonds?

April 09, 2010 – Comments (11)

I have a two part answer: Within a year? Yes I think that is likely. Within the next couple of months? Less likely. I have more explanation at the bottom of the post.  [more]

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Moving Some Macroeconomic Deck Chairs: The Dollar, Dollar Swaps, Bonds and LIBOR

April 07, 2010 – Comments (5)

I am bearish on the US Dollar Long Term. This is no secret and I have been an outspoken critic of US monetary policy for a long time. Will we get a continued rally in the Dollar for the short term (next few months)? Yes, I think that is likely. But even a few months is short term in the bigger environment.  [more]

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Treasury pays most since August to sell 3-yr. debt

April 07, 2010 – Comments (1)

Like I have made the case for here: What the Bond Market is Trying to Tell the Stock Market: A Look at the Yield Curve and Expectations - http://caps.fool.com/Blogs/ViewPost.aspx?bpid=355853, I think that not only the long end of the of yield curve will rise, but more importantly the yield curve will continue to steepen (spreads will increase between long term debt vs short term debt). And like my post above shows, this is not bullish for equities. It doesn't portend a top immediately, but it does portend one soon (in a few months I think), And if this behavior goes unchecked (i.e. the bond market starts to buy the recovery story. The Fed *DOES NOT CONTROL LONG TERM RATES* - THE MARKET DOES) this will be a very important top for equities. In an evironment where money at the macro scale (the bond market) stays in short term debt (short end of the yield curve), the environment says big money is not betting on long term growth (or the risk/reward is not warranted = sharply higher yields on the long end of the curve vs. the short end = a steep and steeping curve).   [more]

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Silver, Short Positions, and Potential Squeezes

April 06, 2010 – Comments (5)

Here is another article that adds to the coversation. Many of us have have been talking about this issue for the past few years, but the volume on the topic has been picking up in the last few months. Everybody should definitely read Chris's (TMFSinchiruna) fantastic article Is Your Safe Haven a House of Cards? - http://www.fool.com/investing/general/2010/04/05/is-your-safe-haven-a-house-of-cards.aspx for comprehensive reporting on manipulation in the precious metals market.  [more]

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Is It Time to be Bullish on Cattle?

April 05, 2010 – Comments (3) | RELATED TICKERS: COW

binve says "Moo" [translation: If it makes a higher low at support ~64-65, then there is an inverted H&S setup that targets ~80, which is also the 38% retrace from the top]

..... cows have a very concise language, leaves more time for grazing.

  [more]

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The Fed Admits To Breaking The Law

April 05, 2010 – Comments (31)

The Fed will break laws it finds inconvenient, and will say "the interpretation of those laws are unclear". It is fully engaged in the idea of "it is easier to ask for forgiveness than permission" ... except it isn't even asking for forgiveness. The Federal Reserve is largely a biased, incompetent, (arguably) corrupt, and now criminal institution.  [more]

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