• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Another Gold Bull Emerges: Hermitage Capital, And The Fund's 2010 Predictions

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Fri, 01/15/2010 - 15:20 | 195134 Anonymous
Anonymous's picture

This just in:

Richmond Fed chief Jeffrey Lacker says a successful "audit the Fed" movement would mean "serious risks" to monetary policy and stability. While acknowledging "policy mistakes," he points to three decades of a good record and urges leaving the bank's balanced governance alone.

Fri, 01/15/2010 - 16:37 | 195238 Anonymous
Anonymous's picture

Translation: We really don't want anyone to know what we're doing because it would destroy us.

I really wish we could flog criminals in this country. I'd start with Jeffrey Lacker.

Fri, 01/15/2010 - 19:58 | 195463 Anonymous
Anonymous's picture

Fake gold from NYMEX??...perils of investing in gold. Please follow the link if interested in knowing about another FED LED scam

http://www.daily.pk/fake-gold-bars-in-bank-of-england-and-fort-knox-14477/

Fri, 01/15/2010 - 16:43 | 195253 Anonymous
Anonymous's picture

"Clearly manipulation has been going on in the global market in oil – there's nothing new about that – it's what intermediaries who transact for profit do and have always done. Indeed, some market wags say that trading could be defined as “acceptable market manipulation”. But until the last few years what consenting adults were doing among themselves in the oil market didn't really affect the man in the street.

"But things have changed. We have now reached the culmination of a process of financialisation of the oil market to a degree where the market has become entirely sociopathic. It now operates to the detriment of consumers and producers alike and for the benefit of the intermediaries who control the market.

"How did we get here? Who's doing it? How are they doing it? And what can be done about it?

read more : http://www.theoildrum.com/node/560

Fri, 01/15/2010 - 16:45 | 195256 Anonymous
Anonymous's picture

Isn't it amazing we tolerate these threats from these suits...I feel like Dorothy in the wizard of oz as she appeared before the man behind the curtain....you know what...if your going to shoot us...pull the trigger already

Fri, 01/15/2010 - 16:52 | 195275 10044
10044's picture

AMEN!! And if the fcking PPT gang f off the market, gold will go up to its natural level of $5k-$7k

Fri, 01/15/2010 - 17:05 | 195290 Segestan
Segestan's picture

The principal of sound money is best assured by sound government. When the West fails in no way will the rest of humanity pick up the mantel. Gold yes , but gold alone is not enough. Most of the ' frontier markets are Muslim, No thanks I'll stay with traditional Capitalist in the West.

Fri, 01/15/2010 - 17:42 | 195339 Anonymous
Anonymous's picture

Fannie, Freddie and Gold

Also, Fannie and Freddie are going to have to keep providing hundreds of billions of dollars in new mortgage financing because, if they don’t, the real estate market will probably collapse. With all the sour mortgages, securities, and new mortgage exposure, there is no telling how much this will cost the taxpayers. I don’t think it is a stretch to say it will end up being many trillions of dollars. Once again, there was a huge tax bill hung on the country, on Christmas Eve no less, and the mainstream media is nowhere to be found. Where is CBS, NBC, ABC, and CNN? What just happened to the budget deficit is bigger than the $700 billion TARP bailout, the $787 billion stimulus bill, and the $180 billion bailout of AIG, COMBINED. As a matter of fact, lifting the caps on Fannie and Freddie will cost many times more than all those COMBINED! I guess that is just not a story in mainstream media land.

http://tinyurl.com/yhxck4w

Fri, 01/15/2010 - 17:52 | 195352 Molon Labe
Molon Labe's picture

GOLD BITCHES!!!

I AM NOT CHUMBAWUMBA (but I wouldn't mind having a beer with him).

Fri, 01/15/2010 - 17:59 | 195358 WaterWings
WaterWings's picture

+1

I would so buy him a big ole frosty mug of ale.

Fri, 01/15/2010 - 18:30 | 195393 Anonymous
Anonymous's picture

Have a beer with the Chumba? Talk about gold?
You betcha!

Fri, 01/15/2010 - 17:54 | 195355 Anonymous
Anonymous's picture

Having mentioned EM, any idea on Turkish stock and debt markets?

Fri, 01/15/2010 - 18:34 | 195397 Anonymous
Anonymous's picture

Ok, so we all buy gold to save wealth.

The world economies collapse, chaos ensues, hyperinflation rampant.

Then what? WTF do you do with your gold? I guarantee no bank will buy it back, because it is the very instrument that led to the transfer of wealth holding away from bank deposits and into bullion. Therefore, I'm struggling with WTF to do with the damn stuff later on.

If the world currencies do not collapse, gold will simply be another minor hedge position, as it has always been. To that end, I'd rather not own it.

Fri, 01/15/2010 - 19:31 | 195449 Molon Labe
Molon Labe's picture

Suit yourself.

You might consider, of all things on this earth, what has a longer track record of being accepted as money or a store of value.  I see this type of opinion a lot and think it is more due to a lack of perspective and ignorance of history. 

I don't have all my assets in gold, but I sure as hell wouldn't have them all in paper, either.

Sat, 01/16/2010 - 12:23 | 195872 Anonymous
Anonymous's picture

I was a general contractor the last time something like this happened in 1979-80.

The prices of illiquid assets like land, buildings, tools, vehicles were cut in half while the price of gold sky rocketed.

If you wanted to buy then, with gold, not only were prices cut in half, but there was a hard asset premium associated with gold (as a currency)that dropped prices even further.

Fortunately for TPTB, this set of market conditions had a very brief life span.................

Sat, 01/16/2010 - 12:24 | 195875 Anonymous
Anonymous's picture

I was a general contractor the last time something like this happened in 1979-80.

The prices of illiquid assets like land, buildings, tools, vehicles were cut in half while the price of gold sky rocketed.

If you wanted to buy then, with gold, not only were prices cut in half, but there was a hard asset premium associated with gold (as a currency)that dropped prices even further.

Fortunately for TPTB, this set of market conditions had a very brief life span.................

Fri, 01/15/2010 - 20:01 | 195470 JohnGoodbutter
JohnGoodbutter's picture

to buy commodities seems a good idea,

China is already doing that no ?

Fri, 01/15/2010 - 21:54 | 195577 Anonymous
Anonymous's picture

selling mine when I read even marginal hedge funds piling into gold regurgitating ZH's articles and in turn getting publicity on the same ZH forum. You are becoming a good contrarian TD!

Sat, 01/16/2010 - 01:50 | 195715 Grand Supercycle
Grand Supercycle's picture

UPDATES:
http://www.zerohedge.com/forum/market-outlook-0

In early 2007 I warned of an impending stockmarket crash.

I confirmed a bottom by April 2009.

In mid 2009 I warned of an impending USD rally.

The uptrend since March 2009 has been a bear market rally contained within a much larger bear cycle that started in 2000.

All markets may be affected.

Sun, 01/17/2010 - 02:37 | 196367 Anonymous
Anonymous's picture

But gold has no inherent value except in jewelry and electronics. Plus which the Fed can actually flood the gold market any time they want.....

Personally, I like spices. :-)

Sun, 01/17/2010 - 20:29 | 196880 Hephasteus
Hephasteus's picture

Ya the fed can flood the gold market at any price they want. As long as they have some. The treasury has a loan on it. I say we give them 30 days to make good on the loaned gold or face prison.

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