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Big Picture Thinkers And Silver

lemetropole's picture




 

Recently I did a radio interview with longtime friend Al Korelin and blurted out that anyone who actively followed the gold/silver markets and did not appreciate how manipulated they are, was a moron. Not sure how that went over with Al’s listening audience, but I would like to parlay that comment here to deal with its significance.

You truly have to be mentally challenged if you follow the gold/silver market action and cannot appreciate something is very amiss, as per the confused Mitsui gold people, as brought to your attention the other day. There is NOTHING to be confused about. The more bullish the news for gold, the more reasons for the price to soar and the more The Gold Cartel deviants go into action to suppress both the gold and silver prices. How many times does the GATA camp have to point this out before the dingbats at Mitsui, and the rest of the mainstream gold world, will go there? The answer is infinity. These mainstream establishment gold pundits will NEVER tell their people the truth about what the gold market is all about. Hara-kiri
would be their first choice before telling the truth.

Most people naturally think the Mayans got it wrong about the world ending on December 21. Of course it is that way at first glance, but if what takes place in the economic/financial market arenas in the years ahead that I see coming, it might prove them correct in a way not commonly thought of (just a few years off and in a different articulation). Whatever is done with our fiscal cliff issue, it represents how incapable our politicians are of dealing with our mounting fiscal deficits and debt in America. It will not signify the end of the world, but could very well come to represent a moment when it becomes CLEAR our standard of living is going to significantly deteriorate … and an end to a standard of living as we Americans have known it ... the end of that world. If the Mayans are correct in that regard, which I believe to be the case, the standard of living of most Americans, and others around the world, is going to change dramatically for the worse.

As this all kicks in, the realization of how broke the US is, along with many other nations, will take center stage. The understanding of the US money printing game will command the same attention on that stage. The dollar will begin its tapioca swan dive. Gold and silver will begin launches to doubling their prices for starters. The Gold Cartel will have to go into a retreat mode like we have not seen yet.

The Gold Cartel knows what is coming as presented above, which is why they have bombed gold and silver the past month+ when the fundamentals registered the most bullish factoids imaginable. PRICE ACTION MAKES MARKET COMMENTARY. The clueless (or disingenuous) out there in the mainstream gold world refuse to explain why the price of gold has behaved so counterintuitively …, but the GATA camp will, and does, all the time.

Now, this is what I really want to get to … in what I truly believe could be of meaningful support during this time of the investing public RUNNING AWAY FROM THE GOLD/SILVER/SHARE MARKETS, just when the focus should be on them the most! The bullish sentiment is really that bad.

To get right to the point, and to try and be of assistance, this is what I have done well at in the past … getting into a major market move when few investors are paying attention to incredibly bullish fundamentals. That said, I am among THE WORLD’S WORST at dealing with market tops and taking profits. But, since we are dealing with major corrections in gold and silver, accompanied by dreadful bullish sentiment, that should not be of most concern at the moment.

SO, it is my opinion the prices of gold and silver are going to go into an EPIC move up stage, especially silver, next year. Silver will make all-time highs and be streaking for $100 an ounce. If there ever was a time to skew your investment portfolio towards silver, and pay extra attention, it is right now!

It is just human nature to NOT get it at market bottoms, or after significant corrections like we have just had, and to think out of the box. I was fortunate to have learned about all of this from three truly legendary financial market figures, and now there is a fourth. All of them understood true supply/demand numbers which were not appreciated by the investment world at the time. Each could spot a big picture trade and act on their knowledge way ahead of the pack. They were the smart ones, not me. I knew they knew what they were talking about with successful investment backgrounds to prove it. I listened to everything they had to say and learned from them what to spot and why, and then go with them.

I realize many veteran Café members know some of this and of those whom I am referring to, but it is worth repeating, right now, and focusing on just where we are after the recent Gold Cartel waterfall attacks. Each of these big picture thinkers could spot markets out of sync and knew how to take advantage of them and play for big money. They have been my mentors and are extraordinary individuals (what I cumulatively learned from them all those years I am hoping is indirectly passed on your way) ….

*Daniel L. Ritchie

 


Chairman, Denver Center for the Performing Arts and Chancellor Emeritus, University of Denver

Daniel L. Ritchie became chairman and CEO of the Denver Center for the Performing Arts, one of the nation’s largest cultural complexes, in January 2007. He is the immediate past chairman of the Daniels Fund board, and is president of the Temple Hoyne Buell Foundation, which focuses on early childhood education and development.

Dan was chairman of the board of the University of Denver from 2005 to 2007, where he served as the university's sixteenth chancellor from 1989 until 2005. During his tenure, the DU pioneered the teaching of ethics at both the graduate and undergraduate levels. Chancellor Ritchie collaborated with Bill Daniels to incorporate ethics, values, and social responsibility throughout the business school curriculum. The business school was renamed Daniels College of Business in 1994 in honor of Bill Daniels.

In June 1994, Dan announced a personal gift to the university of $15 million, achieved through sale of some 19,600 acres of his Colorado ranch. Since then, he has given the university the remainder of the ranch, and its sale has netted more than $50 million for various projects…

 

 http://www.danielsfund.org/About-Us/Board-Bios/Daniel-Ritchie.asp

 

-END-

I met Dan at the New York Athletic Club in the mid 1970’s. We were in the gym lifting weights and he asked me about a pork belly quote, like in the Daily News, which was not there. What a nice man, I thought, and after taking a futures market class at the Cornell School of Hotel Administration, I thought why not go after what this seemingly bright man told me. I called my Merrill Lynch broker and bought a pork belly contract with a $500 margin requirement at the time. The first day after my broker put on my trade, I lost half my money. What a mistake I thought. Pork bellies went LIMIT UP the next nine out of ten days! I was hooked to go into the commodity futures industry. I asked Dan what I should do after a $4500 gain on a $500 investment in two weeks. I will never forget what he said, "Bill, you have done pretty well for your first trade, take those profits," which I did in a nanosecond. If I only had done that for the rest of my investment career!

Dan was very tied into the astute Refco operation out of Memphis, and made a fortune trading the cattle, hog and pork belly markets, with some great soybean trades thrown in there too.

 

I will never forget talking to Dan over a dinner when he was pondering whether to resign from Westinghouse Broadcasting, after being the number two guy under Lew Wasserman at MCA pictures, to run D.K. Ludvig’s empire. Ludvig was the richest man in the world at the time. And I will never forget that we flipped a coin to determine who would pay for dinner that night.

***

*Ray Dalio

Ray Dalio

Net Worth

$10 B As of September 2012

 

  • Founder & Co-Chief Investment Officer, Bridgewater Associates
  • Age: 63
  • Source of Wealth: hedge funds, self-made
  • Residence: Greenwich, CT
  • Country of Citizenship: United States
  • Education: Master of Business Administration, Harvard University; Bachelor of Arts / Science, Long Island University
  • Marital Status: Married
  • Children: 4

***

 

Ray is obviously a genius. Now famed CEO Sandy Weill didn’t think so when he fired Ray from his hedging director position at Shearson Hayden Stone in the mid 1970’s. Mr. Weill did not appreciate that, to make a hedging point, Ray brought in a girl with a fur coat on during a presentation of his in San Francisco. Her naked body was all that was left when Ray asked her to take off the coat.

So Ray started Bridgewater Associates. I had just joined Shearson and he needed someone to do a lot of grunt work for him. Many a night I took the subway from downtown Manhattan to midtown around 11:00. Ray got me going financially back then with his buy corn and feeder cattle futures and sell cattle futures when their margins were too fat. We did the reverse when they were too unprofitable. Made 100% on my money in days to weeks every time.

I know a number of you have seen this picture of Ray and me in Rio way back when, but it is too much fun to pass up here.

 

*Frank Veneroso

I was recruited to join the ill-fated Drexel Burnham on Park Avenue in 1980. That is where I met Frank as he was interested in buying bond futures when the interest rates were running up to 20%. He was early and took some hits, but then sold THE HIGH TICK after their first mega rally. I know, I did the trade. He made a killing.

Frank was known as a Wall Street Whiz Kid back then who was making money every year during the DOW dog days. He was then a consultant to a number of governments. One of my favorite financial stories ever is this one:

The Stock Market

Recollections of the Greatest Market Bubble Ever…


Memories of the Souk al Manakh

How large can a bubble grow before it bursts? Farther than you think. And there need not be a fatal pinprick that makes it burst. And when it bursts, the crash that ensues can be deeper and more discontinuous than you could ever imagine…


 

 http://www.lemetropolecafe.com/Pfv1.cfm?pfvID=454&SearchParam=Kuwait

 

-END-

Frank was commissioned by the World Bank to do a study on the copper market in 1986. Copper was nowhere back then, the price depressed to around 46 cents a pound. Frank was stunned to learn how bullish the fundamentals were because of the obvious demand which would be surfacing from Asia. FEW realized what was about to transpire, preferring to concentrate on the increasing importance of fiber optics. We muddled with the copper futures trade for a year. Then in May of 1987 there were no deliveries on the May contract. That was it I thought, the KEY to getting the trade right. I bought thousands of out of the money copper options. Copper went to $1.46 per pound by the end of the year, surviving the 1987 stock market crash in October of that year. I made $27 million on the trade and then found a way to blow a good deal of it. But, being Jackie Onassis’
neighbor in Bernardsville, N.J. for a couple of years is still a fond memory.

***

All of that brings me to where we are today and the reason I would like to make a commotion out of this commentary…

*Eric Sprott

Eric, who is one of GATA’s most ardent supporters, is one of the nicest guys you will ever meet and a true genius. As my good friend John Embry (brilliant in his own right) has told me for years, Eric is the best student of supply/demand dynamics he has ever come across. His presentation at the Dos Passos Table is just one example of what John is referring to.

Eric has been jumping up and down about the price of silver’s potential for many years now and was very visible at certain conferences not that long ago when the price was $14/16 an ounce. He has been all over the place this year talking to investors about what he thinks the price of silver is going to do and why. Eric has publicly stated silver is going to $100 per ounce and higher. He is my anchor when I pound the table about silver … that same anchor of formidable insight I learned so long ago from the likes of Dan Ritchie, Ray Dalio, and Frank Veneroso. It is not me you need to pay attention to, but Eric!

I don’t need to be able to break down the supply/demand numbers like Eric has done; and like Dan, Ray and Frank have done for so many years. I know they know what they are talking about. What I can bring to the table is an appreciation of just how much gold and silver have been manipulated, and orchestrated down to artificially low prices, which will not stand in the years ahead. JP Morgan, and others suppressing the price, has to be close to being forced into backing off. Their use of derivatives to suppress the price in the face of an extremely tight physical market ought to be very close to having run its course. Knowing what we know in the GATA camp about what JP Morgan has done will prove to be invaluable in the months and years ahead. No one knows that more than Eric.

The investment opportunity of a lifetime is staring us in the face and not that many investors out there get it. Eric does and he has backed it up publicly with his investments: his ETF (PHYS) is an example. Fortunes will be made in silver over the years ahead for those willing to do their homework and take a plunge … and that will be most true in the silver shares whose firms have the goods in the ground.

Investing in many of the junior/exploration stocks in the gold/silver sector has been a horror show these last years. While I have been so right about gold and silver for the past 12 years, my second biggest investment mistake ever was not to take profits around 2008 with my share selections when the legendary Bob Bishop told the attendees at GATA Goes To Washington conference in April of 2008 that the move up in the gold/silver shares was over for the time being. As you may know, Bob is going to let his latest thoughts known at GATA’s fundraiser in Vancouver on January 21 at the Pan Pacific Hotel following the Cambridge House conference.

BUT, as bad as the junior/exploration sector has been in recent years, it will be that good by double or triple, or much more, in the years ahead. Think NEWTON’S LAW!

Silver is on its way next year to $100 per ounce. You want to bet against Eric Sprott? And that is the reason for this special commentary. Ritchie, Dalio, and Veneroso are true legends in the futures trading arena, and in the making big money in the markets arena. So is Eric. Keep that in mind and spread the word.

While the standard of living in America and other places is likely to deteriorate significantly in the years ahead, those who have stayed with various gold/silver investments ought to be happy campers. Should that Mayan prediction be all about a drastic change in our standard of living as we have known it (the end of that world), owning silver and the silver shares in the years ahead will be a counter to some darker times on the horizon.

 

Bill Murphy

www.lemetropolecafe.com

 

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Sun, 12/30/2012 - 20:24 | 3107710 Kastorsky
Kastorsky's picture

dump it all before too late.

gold can be synthesized:

http://www.youtube.com/watch?v=ErJDjovfdn0&feature=youtu.be

Sun, 12/30/2012 - 19:19 | 3107558 devo
devo's picture

I like silver and all, but you lost me at "gold cartel"

Sun, 12/30/2012 - 19:48 | 3107625 Imminent Crucible
Imminent Crucible's picture

Unfortunate choice of words. He should have called them the Fiat Cartel. They don't care much about gold one way or the other, until it begins to hint that the presses are running wild; what they want is to preserve their alchemy of minting "money" out of thin air. Nice work if you can get it.

Sun, 12/30/2012 - 18:48 | 3107476 H E D G E H O G
H E D G E H O G's picture

anyways, the Mayans could possibly be off about 2 to 3 weeks before the proverbial SHIT HITS THE FAN..................happy new year.

Sun, 12/30/2012 - 17:55 | 3107376 Bansters-in-my-...
Bansters-in-my- feces's picture

WOW...!!!!

Right up to the "Ludvig was the richest man in the world at the time",it as not a bad article,but somehow that statement makes me lose all credibility of the writers comprehension abilities.

 

Right Mr Rothschilds....?

Sun, 12/30/2012 - 19:00 | 3107513 mvsjcl
mvsjcl's picture

Completely agree. Litmus tests, and all that. Truth demands truth.

 

"Richest man in the world." They ain't advertizing.

 

Sun, 12/30/2012 - 19:45 | 3107621 Imminent Crucible
Imminent Crucible's picture

Yeah, but the Rothschilds, Warburgs, Kuhns, Loebs, etc are all way too smart to avoid that King Abdullah schmaltz. They hold their wealth in trusts so that nobody points the finger and says "Look, the richest man in Europe--let's mug him!"  They make sure it's them that does the mugging, and on a global scale.

Sun, 12/30/2012 - 20:55 | 3107799 OutLookingIn
OutLookingIn's picture

Partial truth.

The "Rule of Three."

1/3 wealth in physical gold

1/3 wealth in real estate

1/3 wealth in fine art and jewels

An unofficial "fourth rule" is treat the markets like a cold shower - quick in then out with your profits.  

Sun, 12/30/2012 - 17:46 | 3107354 Bansters-in-my-...
Bansters-in-my- feces's picture

To the author of the article.

If you think gold and silver are so heavily manipulated,how can you say

"It is just human nature to NOT get it at market bottoms, or after significant corrections like we have just had''...?

There has been NO CORRECTION,ONLY manipulation.

Sun, 12/30/2012 - 18:54 | 3107495 Whatta
Whatta's picture

exactly.

if the market is manipulated now, what makes anyone think "they" will ever let this thing come up for air?

i own physical silver...but I am not counting on a "to the moon" ride with it.

Sun, 12/30/2012 - 19:45 | 3107620 Anglo Hondo
Anglo Hondo's picture

I used to own a great deal of silver, but I was transporting it by boat through Arkansas one day, when a fully-loaded scooter fell from a bridge and everything sank like a rock.

 

Sun, 12/30/2012 - 22:52 | 3108052 Imminent Crucible
Imminent Crucible's picture

Oh, man! Was that YOU? I am so sorry!!  Hey--what do you mean Fully loaded?

Sun, 12/30/2012 - 17:34 | 3107319 Silversinner
Silversinner's picture

Silver is forming a perfect cup and handle on the 35 year chart,

once 50$ breaks we will go to many multiples of a 100$.

On the 650 year chart silver is rising like a phoenix from

the ashes(4$) and forming a nice inverse head and sholder

with 50$ as neckline.

Between 28-32$ is a perfect buy zone in my opinion and

I put my money where my mouth is,like so many of us

and order some extra silver bullion.

 

Sun, 12/30/2012 - 21:08 | 3107829 Pegasus Muse
Pegasus Muse's picture

CFTC Whistleblower & Independent London Metals Trader Andrew Maguire has over 40 years experience as a metals trader had some interesting comments on silver in a recent interview on KingWorldNews:

 

Maguire also added: “One of the things I wanted to talk to you about today was something I saw in Shanghai early this morning. Eric, I had to double-check, in fact I had to triple-check. We’re talking about the kind of divergence (in the physical market) now that’s unprecedented.

Today I looked at the opening premiums and there was a $2.89 disparity in silver. I’m not talking gold. When spot silver was trading in London at $29.61, silver actually traded at $32.50 (in Shanghai).

If you take an equivalent Comex contract, and I realize spot isn’t Comex, but if you take an equivalent 5,000 ounce Comex contract, that equates to a $14,430 premium per contract. I mean it’s ludicrous. There are reasons why you may or may not have a premium in Shanghai, but not to that extreme.

Shanghai (softened but) still closed at a $6,100 premium to equivalent Comex contracts. So what we’re saying here is that the divergence has now become ridiculous. I mean these high and low closing premiums literally illustrate the massive divergence between the paper market (and the physical market).

And, Eric, this is on an exchange (Shanghai) that within the next two years is actually going to become the world hub of physical gold and silver trading. It’s going to have its own fixes. So I think they (the manipulators) really pushed it a little too far today.

You’ve (also) got the short-selling algorithms, and they have absolutely no or little if any input relating to the physical market. So if this price turns against them, they are not going to understand why it has turned. They won’t understand the fact that central banks have been buying 6, 12, 20 (tons of gold), and I still haven’t even got the numbers for today, but there was very large physical take-up (today as well).

So when it (price) turns, they are not going to understand what’s happened, they will just follow it. But the concern to the bullion banks (here) is they are fully aware of the physical drain, and I absolutely guarantee you that they are going long on this final stage of the selloff.

Price up to now has really been assisted by (US) government defense of the dollar in the over-the-counter FX gold markets, but the central banks (out of the East) and the bullion banks are (now) jointly buying this discount.

Part 1: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/12/22_Andrew_Maguire.html

Part 2: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/12/23_Andrew_Maguire__Part_II.html

Sun, 12/30/2012 - 17:16 | 3107273 akak
akak's picture

Waiting for Trav to pop in and start foaming at the mouth about silver "bagholders" in 4, 3, 2, ....

Sun, 12/30/2012 - 19:25 | 3107569 WhiteNight123129
WhiteNight123129's picture

Trav is loaded with munis (my goodness, what a bad speculation that is...). I do not know who in his right mind would carry debt of very dubious creit with very tiny yields and a currency eroding because of money printing... It beats me, ok the price could move " up" but where is the value in those bonds?

 

Sun, 12/30/2012 - 19:27 | 3107575 akak
akak's picture

 

Trav is loaded with munis

And he has the gall to mock silver owners?!

As the old saying goes, he who laughs last, laughs at bagholders.

Sun, 12/30/2012 - 17:52 | 3107367 sunnyside
sunnyside's picture

He's away banging black chicks this weekend.

 

Sun, 12/30/2012 - 18:08 | 3107398 akak
akak's picture

Bang Dae Ho!

Sun, 12/30/2012 - 18:23 | 3107423 Imminent Crucible
Imminent Crucible's picture

You guys are just shocking.  I can't keep hanging around here, I'll end up just like you.

Sun, 12/30/2012 - 18:29 | 3107436 akak
akak's picture

Too late --- you've already lost the battle, you just don't know it yet.

Sun, 12/30/2012 - 17:12 | 3107263 Silversinner
Silversinner's picture

Gold and silver bugs do not complain about falling prices,

they just BTFD !!

Sun, 12/30/2012 - 17:01 | 3107231 over45
over45's picture

Another PM bug complaining that metals are not skyrocketing.   All the smart players bought long ago.  All the central banks bought the bulk of what they want already... and PM's are supposed to go up because of demand?   And what are you going to do with all those PM's when they make it illegal to own it?  

 

Sun, 12/30/2012 - 20:17 | 3107694 Fedaykinx
Fedaykinx's picture

Cool, I'll have a matching set of illegal PM's and illegal firearms.

Sun, 12/30/2012 - 19:17 | 3107553 markar
markar's picture

Right. they'll make silver illegal when it's not only a monetary metal but used in virtually every electronic product and solar panel in the world.

Idiot.

Sun, 12/30/2012 - 22:43 | 3108026 Imminent Crucible
Imminent Crucible's picture

"Idiot"

Oh dear, such vitriol. I must point out that ignorance and idiocy are not quite the same thing, although I grant you it's hard to distinguish them around here. They travel together, as a rule.

Sun, 12/30/2012 - 18:10 | 3107400 Winston of Oceania
Winston of Oceania's picture

Then I will do my PM business on the sly like they do in Greece...

Sun, 12/30/2012 - 18:04 | 3107386 Bansters-in-my-...
Bansters-in-my- feces's picture

Hey over45, At least we know it is not your IQ that you are refering to.

Sun, 12/30/2012 - 17:06 | 3107247 akak
akak's picture

 

And what are you going to do with all those PM's when they make it illegal to own it?

Somehow, I get the feeling you would be happy with that scenario.

Sun, 12/30/2012 - 17:18 | 3107271 Imminent Crucible
Imminent Crucible's picture

All the central banks bought the bulk of what they want already

Hey, no kidding? That's not what the PBOC says about it. They'd like to increase their hoard by a factor of ten from here. See, they'd like to have their own Triffin Dilemma.

Over45 will be waiting a long time to enjoy his Travesty666 Schadenfreunde. What does he think happened the last time they made it illegal to own gold? Everyone rushed down to Confiscators-R-Us to dis-hoard their tainted gold before it gave them the Krugman Cooties? Yeah, that's why the coin shops are still selling old golden eagles and St. Gaudens $20s and all the other contraband. FDR melted them all down and bought the New Deal----NOT!

Countless "vacations" to Canada, Mexico and Europe were undertaken so that nasty gold money could be sanitized, before Lying Commie Bastard could snatch it and give you Incredible Shrinking Fiat buttwipe for it.

As it was then, so shall it be in the latter days.

Sun, 12/30/2012 - 17:29 | 3107312 DaddyO
DaddyO's picture

 

Ok, so are TPTB keeping the ponzi going by suppressing the PM's so the PBOC and others can continue to buy at artificially low prices to keep the USD propped up until TPTB are ready to pull the plug and flush the USD down the drain? Inquiring minds want to know...

DaddyO

Sun, 12/30/2012 - 17:20 | 3107289 akak
akak's picture

 

Countless "vacations" to Canada, Mexico and Europe were undertaken so that nasty gold money could be sanitized, before Lying Commie Bastard could snatch it and give you Incredible Shrinking Fiat buttwipe for it.

Unfortunately, with intrusive TSA groping and body scanning, their initials will probably someday soon equally come to mean "Taking Silver Away (from travelers)".

Sun, 12/30/2012 - 17:37 | 3107326 Imminent Crucible
Imminent Crucible's picture

Maybe so, akak. I know the Stasi-ization of America continues apace. But let me tell about a little trip I took last May. I was feeling overdosed on a housebuilding project, so I caught a cheap flight into LA, took the Foothills bus down to El Monte and picked up a 250cc scooter I'd reserved online. I rode the thing down to San Ysidro the next morning, changed a few bucks at the Casas de Cambios, and crossed over into MX at The World's Busiest Border Crossing. Never saw the TSA, no backscatter, no fondle and grope, nothing but the Carry-On radar.

I goofed around the north Baja coast, met some new friends at Erendira, found a Banco Azteca in Ensenada and picked up my favorite collector's item, assorted dates of silver Libertads. A Mexican woman stopped me in the bank: "What are those coins you just got?" She'd lived in Oregon for years before her husband was caught working Without Proper Documentation, and they all went home. I explained that Mexico strikes an unpriced silver onza so poor people can save in a currency that won't be affected by the next Tequila Crisis. She'd never heard of it.

I wrapped them up in a bag, stuck them in the scooter and headed back up the Ruta del Vino to Tecate. There I got the Red Carpet "You are an American so go to the front of the line" treatment. The BP guys glanced at my passport, handed it back and said "You really gonna ride that thing all the way home? Have a nice day."

So we're not there just yet. The bad part was that a bridge collapsed under me in Arkansas on the way home and the scooter and everything went to the bottom. C'est la Vie.

Sun, 12/30/2012 - 17:47 | 3107358 Freddie
Freddie's picture

So we're not there just yet. The bad part was that a bridge collapsed under me in Arkansas on the way home and the scooter and everything went to the bottom. C'est la Vie.

You should have traded that scooter in for a boat.  They are much safer.


Sun, 12/30/2012 - 18:21 | 3107415 Imminent Crucible
Imminent Crucible's picture

Boats are safer than scooters? No doubt, but did you ever take a boat over a bridge? Now THAT sucks. Of course, if the bridge is going to collapse anyway, but how was I to know? I guess I should have expected the Bill Clinton Memorial Bridge To The 21st Century to collapse.

Sun, 12/30/2012 - 18:46 | 3107474 Freddie
Freddie's picture

Well you mentioned Arkansas.  You probably know the Bill Clinton library in Little Rock down by the river that looks like a big trailer over the water. 

At 1:10 and at 5:36 we have a boat going over a "bridge" and at 3:28 two boats going under a bridge.  All redubbed in German or Dutch.

http://www.youtube.com/watch?v=-3cEF5wfk0o

See boats are safe. ;-)

Sun, 12/30/2012 - 22:18 | 3107970 NeedtoSecede
NeedtoSecede's picture

Freddie is not lying about the Clinton Library. In local parlance it is respectfully called "the double-wide on stilts". It really is a pretty ugly building.

Who would have believed that many are getting nostalgic for the "good ol days" of Bill and Hillarry??? The current bunch of gangstas are making Bill and Hill look like a bunch libertarian evangelicals law-abiding upstanding citizens (can there really be such a mythical beast?).

We are screwed, and my silver is also lost to waters of the mighty Arkansas River...

Sun, 12/30/2012 - 22:38 | 3108012 Imminent Crucible
Imminent Crucible's picture

The "Bill Clinton Library"? I'm having a little trouble with this concept. There really is a Bill Clinton Library? You tellin me that trailer trash could read?

Even Bush couldn't read, or not well. Now our man Barry, that boy can read. A teleprompter.

I will say that I believe Hillary was actually fully literate before she reached the White House. How else could she have cheated her way through law school and made a fortune in cattle futures? But her reading skills failed her suddenly, when she got to the words "testify before the Senate hearings on Benghazi".

Sun, 12/30/2012 - 17:03 | 3107216 Freddie
Freddie's picture

Mega respect for Ray Dalio.  The guy is amazing.  He does not front run and pull scams like other hedge fund manager grifters including Stevie Cohen SAC and Jim Cramer/Elliot Spitzer.  Or profascism scam artists, crony capitalists and con men Warner Buffert and Charlie Munger.   

There was a recent interview with Ray Dalio and they asked him about why he liked gold.  Ray nailed it.  The interviewer said that Buffett did not like gold.  Ray was really cool and calm. He said he thought that was a mistake.  I would have said that Buffett was a evil clueless NWO crony capitalist tax cheating ***ktard.  

Eric Sprott is pretty good too. 

Who are these other people?

The one guy is a rancher who profits from the suffering and death of animals and is involved in the NWO/elites university scam  University chancellor?  F universities and their edukayshun scam to get kids to take on debt.  University of Denver debt slave program.

Sun, 12/30/2012 - 17:08 | 3107249 Imminent Crucible
Imminent Crucible's picture

Now, now, Freddie. You really must reign in this tendency to tar everyone with a galaxy-wide brush. While I won't disagree with you about the Diploma Mill Scam of State University systems, you have to remember that cows are going to die sooner or later, and...well....like the Wolf said in The Three Little Pigs As Told By The Big Bad Wolf, "Hey, you leave good meat laying around, it goes bad." I mean, far lefty politically correct diehard Democrat environmentalist Robert Redford is a rancher, ya know?  You gonna throw the Sundance Kid down a dry well?

As the great Roman orator Gluteus Maximus once said, "A silver denarius a day keeps Gary Gensler away." I know it's true because I heard it from Brad Chilton.

Sun, 12/30/2012 - 17:15 | 3107272 Freddie
Freddie's picture

+1

Redford is a real POS.  He cannot act but mom and dad had good genes so he had a nice face.  Total moron.  Ted Turner also is a buffalo/bison rancher. 

Dry well?  heh heh  Both Redford and Turner those ****ers need to see the inside of a slaughterhouse.

I know Ted Turner gets those BS tax credits on his massive acres of land. How about Redford?  These evil bastards know every trick.

Love the quote from Rome.  ;-)   F Gary Gensler too.

Sun, 12/30/2012 - 17:52 | 3107366 RockyRacoon
RockyRacoon's picture

So, who DO you like?  All this negativity is a downer, man.   Gimme some good guys.

Sun, 12/30/2012 - 18:34 | 3107435 Freddie
Freddie's picture

Ray Dalio, Kyle Bass, Hugh Hendy (he is always depressed too but funny), Santelli, Marc Faber, usually Jim Rogers, Jim Grant (awesomeness), Jim Chanos is pretty good (he nailed the China building bubble like Hendry), Ron and Rand Paul (mostly), Eric Sprott is pretty good too.

Ray Dalio running $100+ billion and kicking the arses all these scammy hedge fund managers who:

1.Buy Apple or Berkshire or momo or HFT.

2. Front run or trade on insider trading (Stevie Cohen and formerly Cramer)

3. Marry weirdo meth head divas like Lisa (Phil Falcone)

4. Dodge taxes and become Obam puppets like Buffett.

Ray trounces these goons. He has been doing it for what? 30 years.

Buffett on the other hand is a total POS who cannot beat the S&P 500.

Sun, 12/30/2012 - 18:16 | 3107409 Imminent Crucible
Imminent Crucible's picture

I like Denzel Washington. He went to my high school, but it was the year after I graduated. And I like that great Roman orator Gluteus Maximus, who said "Nobody wants to hear a bunch of positive thinking Pollyanna crap. Get over it!"

Sun, 12/30/2012 - 16:51 | 3107197 Pemaquid
Pemaquid's picture

Pounding down the price of silver and gold at years end, otherwise more people might be tempted to buy. Some day ....

Sun, 12/30/2012 - 16:42 | 3107167 Pharming
Pharming's picture

My kids asked me who played Schmiegel on Lord of the Rings...finally I can tell them Daniel Ritchie.  

On a side note...buy Silver.

Sun, 12/30/2012 - 19:58 | 3107643 Hobie
Hobie's picture

And silver is his "precious".

Sun, 12/30/2012 - 17:20 | 3107290 El Oregonian
El Oregonian's picture

"These mainstream establishment gold BANDITS will NEVER tell their people the truth"...

There, fixed it.

Sun, 12/30/2012 - 16:59 | 3107223 Imminent Crucible
Imminent Crucible's picture

"Smeagol".   Andy Serkis is going to be so pissed at you. Gollum.

Sun, 12/30/2012 - 17:24 | 3107299 Pharming
Pharming's picture

Hahaha....I must of been thinking of Klaus Schmiegel...the inventor of Prozac.  

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