I’m just hoping we don’t have to drive by any burning supermarkets on our way to Squillionaire Acres.
Nice to see the change though. Yeah “interest rates are going to be going up.” D’oh!
PS Coal for the serfs!
I’m just hoping we don’t have to drive by any burning supermarkets on our way to Squillionaire Acres.
Nice to see the change though. Yeah “interest rates are going to be going up.” D’oh!
PS Coal for the serfs!
It sure does. I wonder if the Hi yield stuff is tanking today because oil is down 5%?
Doesn’t look like the Christmas rally is on its’ way.
Really glad to see our pm’s holding up though. About time.
What you say makes sense because if we are indeed headed into deflation gold SHOULD be anticipating massive money printing by central banks to fight it.
Seems to me things are about to get real.
Maudore Announces Third Quarter 2014 Results
http://finance.yahoo.com/news/maudore-announces-third-quarter-2014-172545153.html
Well the Swiss have no gold, so let’s call it the
Swiss Santa Train. Where else would you get
scenery like this?
http://www.railpictures.net/viewphoto.php?id=509764
and probably a lot more negative conditioning towards what DOES AND DOESN’T moves gold–3 yrs of a brutal bear mkt takes its toll…DYOD
Give me Dick Cheney, a waterboard, and one hour and I’ll have him confessing to the Sharon Tate murders.
A new bill passed last week in Illinois would make it a felony to secretly tape any “private conversations,” with steeper punishments for those surreptitiously recording the police. Critics of the proposed law claim it would scare citizens from recording interactions with law enforcement, following a number of high-profile police killings caught on camera. Instead of protecting the people, once again the government circles the wagons and condones the killing of citizens by police without any accountability.
Just absolutely ANTI-American in every aspect.
Every single politician who voted for this bill should be tarred and feathered, and driven out of town in their police cars. They clearly are no REPRESENTATIVES of the people, they are governmental elites against the people. Just amazing. This is why revolutions take place because government turns so hostile.
Remember the French Bastille Day? They stormed the prisons to release those wrongfully held for political power. History repeats because the passions of man never change. Hand someone power and it far too often consumes them.
armstrong
Pretty amazing we’re holding up with oil getting crushed. Pretty amazing oil is getting crushed with the USD down.
Could flood trees down power out. Some stocks might react if bad enough. Last time one came in this bad some were out of power for a month. Up to 70 mile winds they said. I’m gonna have to drive in this long distances over bridges too.
Byrr be ready just incase. They said Tornado winds.
Just because you write books doesn’t mean you’re an expert. Past performance does not guarantee future results people. His calls in Silver have been piss poor. So Peter are you finding manipulated markets hard to trade sir? Your charts not working? There’s reason bud.
my beef is that he scared lots of people out of Silver phiz at a fantastic entry point. But experts are so touted, when really it’s intuition, luck and timing.
He’s now very bullish. Shite do I now need to buy puts?
Russia says small military mission in east Ukraine at Kiev’s request: RIA
http://www.reuters.com/article/2014/12/10/us-ukraine-crisis-russia-military-idUSKBN0JO19I20141210
turning on the after burners…I’m keeping my cajones crossed! And this with stocks accelerating down
Gold is finally acting as it should==
THE CURRENCY OF LAST RESORT…..anyone thinking a deflationary collapse will collapse gold has his eye fixed on the past–on 2008–that will NOT repeat–u heard it here first from ole cousin Richie640
silver at only $50,000 an oz. by 2016….so then granny can take a few silver bangles she bought at Zales and go down to the nearest mercedes dealer and buy an S500….
Buygold
-one % 10 yr?-why the heck not? Anything is possible in this brave new world….even Goethe’s stainless steel head falling off the fireplace mantlepiece…
1% would make the “opportunity cost” of holding gold even much better
Britain’s Royal Family’s Dirty Little Secrets Exposed
https://www.youtube.com/watch?feature=player_embedded&v=-d_tbNknpVQ
Orvana Reports Record Gold and Copper Production, Balance Sheet Significantly Strengthened and Fiscal 2014 Results
http://finance.yahoo.com/news/orvana-reports-record-gold-copper-232500582.html
Yamana Gold Provides an Update on Strategic Initiatives Relating to Non-Core Assets
http://finance.yahoo.com/news/yamana-gold-provides-strategic-initiatives-120000917.html
R640 – it seems to me that Mike Ivanovitch has it pretty much right in his forecast, especially for the shares. Probably still have some tax loss selling holding the shares back but providing the metals hold up, we may see some good moves up in the last week of December and into Q1.
Not sure I agree with his forecast that rates will rise a little. That might depend on oil and the SM. Jeff Gundlach says if oil falls to $40 the Ten Year treasury could go to 1%. I tend to agree with him if the USD holds reserve status.
Graceland snip at 321gold and gold seek
19. Those reserves exceed two trillion dollars. Alan Greenspan has referred to their potential movement as inflationary tinder, and rightly so.
20. Influential economist Mike Ivanovitch is respected in the mainstream financial community. To understand his new views on US inflation dangers, please click here now. Interest rates will rise, but not much, because commercial banks are set to lend out reserves, and flood the system with liquidity.
21. Mike ended his discussion with this strong statement: “Equities are still my preferred asset class — provided the portfolios are carefully reviewed toward a defensive posture. Also, think of putting some of that yellow stuff under your Christmas tree.”–CNBC News, December 8, 2014.
22. While most gold analysts are focused on the fear trade, I think it’s too early in the economic cycle for that. Institutional money managers focused on gold bullion ETFsduring the 2008 crisis. They saw system risk, and focused on bullion rather than gold stocks. I think that as the inflation I’m predicting begins to appear in 2015, the money managers will focus on gold stocks much more than on bullion.
23. On that note, please click here now. That’s the daily chart for GDX. The downtrend line has been clearly penetrated, and there’s an irregular drifting rectangle pattern in play. My short term target is $22. It’s tax-loss selling season. As a result, gold stocks are trading erratically, even though gold itself is doing well.
24. A nice gold stocks rally should begin early in January. That’s just three weeks away. My suggestion is to put some quality gold stocks under the Christmas tree, and get ready for a super year in 2015!
No wonder the Chinese and Putin are so tight.
Via Zerohedge
Why Beijing’s Troubles Could Get a Lot Worse
Bank rate cuts and anticorruption campaign are unlikely to stave off woes, says Anne Stevenson-Yang.