Archive - Sep 19, 2010 - Blog entry
The Gold Bulls Are Vindicated
Submitted by madhedgefundtrader on 09/19/2010 22:43 -0500Fiat paper currencies are still running a frenzied race to the bottom. Politicians of both parties see the only way to win elections is to inflate. Reserves everywhere are playing out, and top producer Barrick Gold (ABX) isn’t opening a new mine at 15,000 feet in the Andes because it likes the fresh air. The output of gold has fallen by 12% annually for the past decade, compared to a doubling of production costs to $500/ounce. Almost all short term money market alternatives globally are yielding close to zero, meaning that the opportunity cost of owning the gold is nil. No pause to catch its breath until we hit $1,300. (GLD), (ABX), (UGL), (RGLD), (AEM), (GBG).
BP and Government Representatives Still Keeping Scientists and Reporters Away from Areas Impacted by Oil
Submitted by George Washington on 09/19/2010 15:34 -0500You're not working for BP? Then you can't peek ...
Investor Sentiment: Onus On The Bulls
Submitted by thetechnicaltake on 09/19/2010 12:29 -0500With the sentiment indicators turning neutral, stocks will no longer have short covering to propel them higher. This puts the onus on the bulls - it is time to put up.
Extreme La Nina
Submitted by Bruce Krasting on 09/19/2010 09:17 -0500My other passion. Like markets, this is not predictable.
Fort Worth Pension Bubble Ready to Blow Up?
Submitted by Leo Kolivakis on 09/19/2010 09:04 -0500You don't have to be an actuary to know that this pension plan will end badly. The technical phrase is "trending toward insolvency."
American Businesses and Consumers are NOT Deleveraging ... They Are Going On One Last Binge
Submitted by George Washington on 09/19/2010 01:24 -0500Like a junkie looking for "one last score", the entire country has sold out our future to try to keep the artificial high going a little longer...
