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Doug Kass Retorts: Who Is Goldfinger (Part Deux)
Doug Kass responds to the earlier post from FMX Connect.
Who Is Goldfinger (Part Deux)?
- A guest post on Zero Hedge balks at my opening missive from yesterday.
This guest post just placed on Zero Hedge is funny, egomaniacal, self-absorbed and totally inaccurate.
It is a response to "Who Is Goldfinger?" (yesterday's opening missive).
First, FMX | Connect seems to agree with my conclusion: "For our own part, we are pretty sure it is a single buyer. How did we come to this conclusion? We did the math. We studied and saw the orders as they hit the markets."
FMX | Connect claims that "his [yours truly's] work seems loosely and sloppily based on our own." In other words, they claim I plagiarized (whatever) they have written regarding one buyer's accumulation of a large gold call option position.
Here is more:
Moreover, until today, no one else has said anything about these purchases accept [sic] us. We just find it hard to believe that the kernel for his article was somewhere in his head.
While no one has a monopoly on ideas, those that "think" of them second usually cite the inspiration or source for the (in this case) sloppy, sensational analysis. Even more grating, his inaccurate work made its way onto Art Cashin's Daily report. We are huge fans of Mr. Cashin here, and would like to say this up front to him: If you are looking for Commodity Options data, analytics, research, or color, come to us. We are best-of-breed in the category.
For the record, I am a great admirer of Zero Hedge. "Tyler Durden" is iconic, analytical and not bashful about giving his view, even when it is against the grain (and it usually is). I like that, and I have attempted to accomplish the same in my writings. And I am hopeful that Zero Hedge posts this response.
For the record, I don't know nor have I ever have heard of FMX | Connect.
I have never viewed the firm's website. (I don't even know if it has a site!)
FMX | Connect ends its guest post in the following manner:
"We state this because it is our intellectual capital that is our franchise. So when a person or firm uses it incorrectly and without citation, we must defend ourselves."
For the record, my contacts on the story were multiple. They are in the trading community and had nothing to do with FMX | Connect. (I don't even know if the firm has discussed the accumulation.)
Douglas A. Kass
Seabreeze Partners Management Inc.
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I guess FMX | Connect is more of a hipster thing, you probably never heard of it.
We know about goldfinger. Actually, I want to know about the banksters and their dirty hierarchy of needs. Click below to see a graphic illustration of their dirty needs:
http://thesilvergoldhedge.blogspot.com/2011/05/banksters-dirty-hierarchy...
fight, fight, fight!!!!
What...food fight? Cat fight? Purple nurples till they cry "uncle"?
I could not find the scene I wanted...
but I call you a liar and we shall fight to the death, thusly God will decide!
http://www.youtube.com/watch?v=-oO6pCRe3pM&feature=related
That is the way we should settle all disputes, seperate the Cowards from the men.. so that only men would end up speaking! men that would fight for what they believe in. instead of cower behind false names, slinging mud.. like lil girls!
Here is the thing with alternative media: I really don't care who the messenger is. I just want the message to get out. These accusations, whether they are true or not (doubtful), just distract from the message.
Doug the best thing you ever did in your online life was make it about FMX and not Tyler.. except I think the guys at FMX do a Great Job.. as a matter of fact.. I linked them into Zero Hedge... that said, you looked at the orders... and your prior work is of this quality, in other words you are capable of this kind of work product.. I was under the impression that you were not.
I will now go to your site and review you past work product.. and I will make a case for all here.. too tear apart, mind you Doug.. it's all in good fun for us, after all this is fight club 1st and foremost!
Is Kass the shill who said gold to 600?
I wish these idiots calling for Gold $550.. and Silver $6.. would get their wish(es) to come true! of course the Backwardation or just call it what it really is.. dis-connect! would be HUGE!
but if the paper price.. was the real price.. and it was $550 - $600 and silver $5.50 - $6.. WOWIE!!!!
BEEP BEEP BEEP!
I buy a monster Box a day and as much as you see things that say under $20K.. you would be hard pressed to go and buy a real Monster Box for under $20.. as well 1 kilo bars? for $48k.. fuck off! $48k where? they say it, but buying one for $48k is another story!
and regular gold eagles.. find them for under $1,600.. ok now buy one for under $1,600.. lots of people can use google.. not a LOT of REAL people selling at these magic prices! that are quoted! trust me, I buy!
Who cares anyway? It's Soros behind it all. The Squirrel told me so.
Isn't FMX Connect one of those bucket shops that fleeces retail traders by encouraging the use of 400% margin???
No, it is not.
If kass read ZH instead of admiring it, he'd realize you post articles from FMX connect on a regular basis.
+
Thats good enough for me. Not cause I'm a groupie, but cause I've been here for one year and 23 weeks.
Aren't you one of those pumpers who encourages retail traders to be fleeced by investing in junk stocks like TZOO and RL?
Yes, he is.
+100
i like your tits.
My tits?
Bob had bitch tits.
Well both sides of the story have been presented. Doug Kass, Im afraid you presented no evidence other than to prove you are a windbag full of hot air. ps. Loved those BA to the moon calls back in 2008/9 LOL. But, its OK Cramer still loves you.
Tyler is guilty of misdirection and sensationalism!
[Insert sarc notation here]
This was touted on the main page as a "Retort".
Ain't no retort. An actual retort would have addressed specific points in the FMX Connect article. Kass sounds like he has better things to do but had to write something so he can say he did. Point proven: Kass is lazy and incapable of original thought.
What 'math' would allow anyone, including Kass & Co., to deduce that such a large call position is via a single entity?
Or is that where the catch all 'multiple contacts' that are 'in the trading community' come into play?
Doug, it sounds like bullshit to me, but maybe it really is a rabbit that walks, looks and quacks like a duck.
Keeping that in mind, wouldn't you say that it's kind of a mute point in any event? (On the part of both parties as maybe Kass was being mislead, or FMX|Connect, or both . . .)
Just in case you still were thinking that either one is either right or wrong.
Great article by FMX|Connect as a by-product though. Very informative and insightful.
Oh, and I will give FMX|Connect the thumbs up for their recognizing that, at the end of the day, they don't claim to know, and that ultimately they are dealing with probabilities.
I'll go with that.
"Moot"... it's "moot".
He's Dougie!
http://www.youtube.com/watch?v=WKcA5BLnpZo
;7}
that will cost you... 1 milliuun dollarzz!
Goldfinger is Paulson. Can you confirm, Mr. Kass?
Skunkbreeze Partners Management Inc.
FMX Connect is a pretty standard reference for active commodity funds. I am surprised Mr. Kass never heard of it.
i didnt read into .. but i'm kind of expert on options trading ..
so , if those gold options were traded on offical exchange, then exchange must be publish some kind of daly report (see cme daily report for example), so
in this report there must be open interest/volume for each and every tradeable option .. so its v.v. easy to check..
well if that was off=counter, w/ private party, big
dealer like GS/JPM/etc, then we wont know anything..
anyway,.. WHO FIVES A FUCK WHAT SOMEBODY WROTE
'FOR FREE' anyway, its just for information only,
nobody in right mind would write anything for free..
all here is disinformation.. somebody is smart (like Tyler himself ;))))))) yes yes Tyler is not perfect too),, some stupid as hell as Leo/Victor Katznelson/ madhedgefundtrader
alx
Kass is an idiot. I have yet to see him be right about anything. Isn't gold supposed to be $900 by now according to him?
To be fair he was the first in the media (that I saw) to step out and call for a generational low as the sky was falling. He was saying buy while everyone else on CNBC was saying stay away. Then Cramer jumped on his back and the rest is history. After that he has no bona fides when talking precious metals. So that point is taken. I just like to be even handed here.
I have to admit Doug, your response amounted to:
Nuh'uh...
Anyway, even in 'alternative' (whatever that is) media, citations are important. It is one of the things this site does well.
I've heard of FMX, but who the hell is this Doug Kass?
+1
Fedel Gheit of Oppenheimer is on Bloomberg now saying that manipulating the market is common practice and every big player is doing it by their influence. Most specifially he's mentioning oil but the consumer is the one paying the price.
I prefer to listen to Jim Sinclair over FMX and Doug.
Don't know of Kass but any 3rd grader can call GOLD 1600, DAH!
Fight Club Bitchez!
+++++++++++++++++++++++++++++++++++++++++
The lady doth protest too much, methinks.
+1
+ another 1
can't believe ZH is wasting our time with that moron Kass...
Don't read it then and don't waste your time. I however find it funny to see Kass squirm.
Damn, first NIA vs Schiff, now Doug Kass vs FMX|Connect.
Seems like people are joining Fight Club far and wide.
You're a fucking pussy
Isn't this Kass the same guy that say gnomes tell him the direction of the market?
Maybe we should call the guy who dresses in cow suits at the trading floor to settle this...
As Jim Rogers always says: Do your homework, bitchez! (ok he didn't say bitchez that's me editoring...)
I'll pass on Doug 'Crashing Gold' Kass.
--)-)@
To my Fight Club friends.
FMX Connect is reaching, they have no way of knowing whether or not Kass was reading their stuff, sort of stupid for them to even comment
Doug you should just tap out, go limp, cry uncle or whatever it is losers do.
Between this and the Shiff/NIA throwdown, financial commenting is turning into an WWF-style sport.
I'm going to get some more popcorn and enjoy the fireworks!
Action that big could be spotted by a lot of people, and word-of-mouth or the grapevine is still much more prolific and faster than anything published or composed.
FMX | Connect only gave Mr. Kass negative attention by getting their feathers ruffled and writing such a lengthy diatribe.
It would have been better to ignore Mr. Kass or say something along the lines of: "FMX | Connect is not the only one to notice $1600 Gold Call Options", linked to his article, let people make their own conclusions, and generate some traffic along with objectivity gravitas.
If I have my choice, and I do, Doug Kass is more knowledgable than most and more accurate than most, he derives no benefit from the call, FMX Connect does, you decide who's more objective
Thanks Dougie K! I always enjoy hearing you speak and value your ideas ( and yes I am a perma gold bug.)
Goldfinger? Kass went to bed last night with an itchy ass.
Oh, so you got me...
Can't keep a secret these days.
I was trying to be clever and spread it out a bit.. But hey, it's only 50k contracts...
All this new fame just, thank you.. Want to thank my broker... and the academy.
Seabreeze? Is this a cocktail?
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