- advertisements -
French Asset Management Co.
Ready for mai dai
The ability to predict major changes in consumer confidence allows businesses to gauge the willingness of consumers to make new purchases. As a result, businesses can adjust their operations and the government can prepare for changing tax revenue. If confidence is dropping and consumers are expected to reduce their spending, most producers will tend to reduce their production volumes accordingly. Thanks.
college personal statement
"Gold bugs are stupid." baa-baa"Why?" baa-baa"Because the smart people in TV say so." baa-baa"But the Zero hedge people say gold is smart." baa-baa"Yes but the people on TV are smarter." baa-baa"Why?" baa-baa"BECAUSE THEY HAVE A TV SHOW STUPID! Do the Zero hedge people have a TV show? baa-baa"No." baa-baa"Well there you go." baa-baa
Went to a neo-conservative's house over the weekend for drinks and food. He was so excited about the "profits" he made after selling the American Gold Eagles his mother had been holding onto for years. He brought one chart out to prove that the end is neigh for gold, which was the actual gold chart going back to 1965 or so. He pointed to the Hunt Bother's peak and then pointed to the current peak.
I couldn't control my laughter. I picked up my phone and pulled up the United States Debt Ceiling Chart overlayed onto the price of gold chart and asked him one question, "Since Bush expanded government spending and Obama expanded government spending, who do you think of the current GOP crop of Presidential contenders has any desire to cut government spending? By the way, the US just clipped the most recent debt ceiling deal just last week, so we can anticipate another 'debate' on the debt ceiling within the next 3-6 months as the Feds start dipping into any source of funding they can find to delay that talk. Do you think the Congress and the President will not increase the debt ceiling again?"
Deer in the headlights stare......"Gold isn't going any higher Tim. Have you ever listened to the Mike Church show? Those libertarians are living in a fantasy land."
I guess we will see. Only time can prove one wrong over the other and let us know if the last ten years of Gold's bull run is over or not.
the first rule of trading: never fall in love with any asset.
If one is not playing the trading game the rule you have given doesn't apply. Plus, I am not falling in love with an asset, just saving money.
Besides, neo-con Bill didn't have anything to disprove the crux of my particular position as it relates to government spending and the price of gold. Additionally, his chart of support for his side of the argument doesn't explain away the free-floating fiat currency of the last 40 years either. Neither does your proverbial saying.
Bill had a clear position, while you failed to even state one. As far as your nebulously implied association between "government spending and the price of gold" is concerned, Bill obviously found it wanting as soon as he grasped that his historical gold chart is not correlated to your "Debt Ceiling" overlay... whatsoever.
That is why he just "stared" at you.
agreed, but not because the price of gold is going anywhere but up..
rather, because of things like the 1933 confiscation, because of hidden taxes in obamacare, etc.
the first rule of trading: never fall in love with any asset.
The first rule of trading is "Don't lose money.".
Second rule is the same.
Third rule is "Be right and sit tight.".
Exactly. I hope you had applied it first to dot.com stocks, then to houses, while now it applies to dollars and gov't bonds.
The time to apply it for gold is at least 2 years out from today.
Marxist/Socialists with Nobel prizes say the same thing about a 'gold bubble' as your friend on TV, all day long, except they know better and are just lying to the masses to be deceitful which is their perpetual M.O.
If the guy was really your friend you wouldn't be laughing. At least he was nice enough to invite you over.
If I was showing you a chart of the historical price of gold, and you overlayed something absolutely uncorrelated on top of it, whilst interrogating me about something completely off topic... I would probably just stare at you too.
Love the declared non-correlation with no fact or argument whatsoever. And you forgot to mention that "deficits don't matter," and never will do. What a brave new world we live in.
Dick Head, pull up your debt chart and gold chart over the past 12 months and then repeat your idiotic statements as many times at it takes for you to realize you are dead wrong.
Now please also state something like "gold will never go above $2200" so we are able to prove you wrong, as one can never prove non-existence.
Now we know why you're called Dickhead
The short term price fluctuation of gold or silver is irrelevant. The underlying declining purchasing power (I won't use the term value) of the paper currency is what is relevant. How many dollars did it take to buy an ounce of gold in 1930? How many dollars does it take to buy the same ounce of gold today? Will the dollar ever strengthen enough to purchase gold for $25/ounce as it did in 1930? Absolutely positively not. I'm not a monetary expert or economist, but that much is obvious to me. The only reason I would sell physical precious metal today or in the future is if I had raise emergency liquidity or to purchase another hard asset such as real estate. Anything else would not make sense to me.
Not bad, but, it's just not as funny without the cartoon bears saying it.
Thats it. Were getting a TV show.
Real reality TV.
No fake reality TV anymore.
The "market" is totally disconnected from the economy. The two have no real connection.
So it doesn't make a lot of sense to pay attention to the macro data when the market won't pay attention to it.
You'll do far better monitoring the various proposed frauds, bailouts, and other schemes because that is all the "market" pays attention to.
The market has failed at becoming a valid price discovery mechanism due to intervention by the central planners.
So the question I ask is "who" and "why" do they extend and pretend to keep the market up. Why would they not let it correct properly.
There has been no sell off except for the one at a time Hedge Fund or Major player who has left.
Is it as simple as by extending they can suck a few dollars out of the suckers who are left.
Who they not make more money by letting ti capituate and by the bottom.
"who" and "why" do they extend and pretend to keep the market up. Why would they not let it correct properly.
We know who.............................
and we know why........ "Reserve Currency Status" and "Petrodollar"
Aterall it is "the only thing" supporting the Dollar as we know it.
I am buying this dump on miners.
Back up the freakin' truck! It's a gift!
Depends on time frame, of course. But if you're longer than a day trader...the GLD chart looks very dicey right here...as of this morning.
Surprise Surpise, the German Constitutional Court has OK'd the bailouts, as long as the German Parliament now has the final say, not the Eurozone.
Germany now has complete control of the EFSF. This was a coup, as we have been saying since the start.
The Germans held a coup to take over an ocean of unpayable debt?
What a bunch of fucking super-geniuses! Next they'll be waging a land war that starts in the Fall with the goal of being deep in Russia by Winter.
On a long enough timeline the ending balance is always zero.
It's WAR time folks. Get ready for some siren action and decidedly not of the sultry kind.
That is the macro picture. The rest, is snowflakes in your mind's eye.
Truth about America/World
We've been in WW3 economic war for a while, soon the nukes will start flying in the mid east, and drag everyone else into it.
Yup, the Triangle of Fire in the ME. Nuclear of not, who knows, conventional stuff is bad enough eh?
But it will be the seamless stitching of all the theaters into one, the Neocon wet-dream.
There is no plan.
yep war it is
^ = STFS
V = BTFD
BTFD = PMs and miners
STFS = SP500
I think there will be a trade war too...just like in the 30´s.....the politicians love a boogie man....the other guy is why we are screwed....blame him...not me....
Funny...try writing all your congressman about the Federal Reserve and they all respond with the exact same message:
Dear Mr. XXX:
Thank you for contacting me regarding the Federal Reserve. I appreciate having the benefit of your comments on this important matter.
As you may know, the Federal Reserve was created by the Federal Reserve Act of 1913 and serves as the central banking system of the United States. The Reserve is comprised of the Board of Governors—whose members are appointed by the President, the Federal Open Market Committee, and twelve regional Federal Reserve Banks. This system serves to formulate monetary policy, regulate banks, and provide financial services to the federal government and private financial institutions.
To this end, I support efforts to increase transparency and accountability within the Federal Reserve. During the Senate’s consideration of the Dodd-Franks Wall Street Act (P.L. 111—203), I supported an amendment that would have required the Government Accountability Office (GAO), the independent, investigative arm of Congress, to conduct a comprehensive audit of the Federal Reserve and submit a report to Congress detailing its findings and conclusion of their audit within six months. Unfortunately, this amendment did not become law; however, a similar proposal was included in the final version of P.L. 111—203. Under this provision, the GAO is required to conduct an audit of all loans or other financial assistance provided by the Federal Reserve through emergency lending since December 2007. Additionally, the GAO has the authority to audit the Federal Reserve’s assistance programs and other credit facilities. Finally, P.L. 111—203 requires the Federal Reserve to disclose on an on-going basis, within specified time periods, additional information regarding the borrowers and counterparties participating in the Federal Reserve’s emergency credit facilities, discount window lending programs, and other open market transactions.
America’s system of credit is the lifeblood of our economy as it affects thousands of purchases and investments made in our country each day. Without access to credit, small businesses cannot pay their employees and working families cannot receive the loans necessary to send their children to college or purchase a new home or car. It is critical that Congress continues to work to preserve and create jobs, while strengthening the economy for Texas families and retirees.
As a member of the Senate Committee on Finance, you may be certain I will continue to stay abreast of the Federal Reserve’s actions and keep your views in mind should relevant legislation be discussed during the 112th Congress. I appreciate the opportunity to represent the interests of Texans in the United States Senate. Thank you for taking time to contact me.
United States Senator
517 Hart Senate Office Building
Washington, DC 20510
Tel: (202) 224-2934
Fax: (202) 228-2856
Yes, in other words they basically tell you that youre simply an uneducated moron, and youre better off to leave this important stuff to the experts.
I get the same reply.
SMELLS LIKE ROBOSIGNING TO ME!!!
Funny, all the headline buzz about QE3 has suddenly been totaly forgotten. Hillarious.
i just hope i dont loose my JOB....till atleast i get rich enough
You can always become a roadbuilder :)
Or become a railtrack layer, a tent supervisor in the Fema camps.....
plenty of options you know.
I just want to import Chimay and drink the profits.
The only thing that changed this week is that gold has entered the same manipulation game as Silver.
It will give everybody a few extra more months to buy cheap.
Nice clean short entry on the Sp here.. use a wide stop @ 1205.00 cb's are going apeshit. I believe they are going to sell this hard today.
They are buying the same crap again.
AAPL, PCLN, LULU, CMG, and all REIT stocks.
None of which were fazed in the least during this "Eurozone Crisis"
Ahhh Gold got cheap :)))!
But stocks are being bailed out at every dip, they cant even let a 100 point DOW drop stick. No QE3 in 2 weeks.
REIT index VNQ is a bitch to figure out, sometimes it leads the selling, sometimes it's inverse correl.
AAPL gives me a headache.. for a short. but with the Bear Flag pattern the floor can drop out at any time. A zh.er posted aapl stock would be defended.. it's the poster child for consumer excess and all.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.