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    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

IceCap Asset Management: The Tip Of The Iceberg... Is Straight Ahead; Here Is What Lurks Below The Surface

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Mon, 10/24/2011 - 19:41 | 1806411 yabyum
yabyum's picture

Deck chairs for all!

Mon, 10/24/2011 - 19:45 | 1806420 Mactheknife
Mactheknife's picture

Hmmmm....I wonder which HFT bot is going to blink first and start the upcoming dump?

Mon, 10/24/2011 - 19:57 | 1806457 anony
anony's picture

I'm not as in wonderment about which one, but WHEN it begins the dump.

My Shorts are strangling my ballsack.

Mon, 10/24/2011 - 20:12 | 1806497 Herd Redirectio...
Herd Redirection Committee's picture

Aaah yes, "leverage induced testicular trauma", I believe it is called.

Check out the latest from the Capital Research Institue "On Behalf of the 99%":


"...the media for the most part is completely in the dark, at best, or complicit, at worst.

The point being, people don’t really know WHAT they want, in terms of reform.  Thats why the ‘Change’ gimmick worked so well for Obama.  Because people KNOW they want change, they just want someone to tell them what will be changed, and why that will be better.  Herman Cain’s 9-9-9 plan is the exact same.  People aren’t worried about the specifics, they just know they want change.   Well, I am here to help steer the herd a little, as it were.

What is needed is the banning of usury, an end to the Federal Reserve System, and a return to Sound Money, for starters."

Mon, 10/24/2011 - 20:59 | 1806615 Ahmeexnal
Ahmeexnal's picture

give the sheeple "abortion rights", "the right to live beyond your means", "legalized drugs", "dancing with the starz" and they care not who issues their money nor who rapes them for generations without end.


but fear not my little padawans, for that huge iceberg will soon melt thanks to Al Gore's "glob-AL WAR-ming".

maybe he meant...GLOBAL WARMONGERING!

Mon, 10/24/2011 - 22:04 | 1806819 Everyman
Everyman's picture

Boy I hate it when this guy is right!  But you are correct.


"Please nothing with substancial values or endeabours for me. please."


When they said "Tune In Turn ON and Drop Out", they weren't talking about Dancing with the Stars!!


Whqat a weird strange country we live in.  Strange and wonderful would be good, but just strange and mediocre.......

Tue, 10/25/2011 - 05:48 | 1807360 the tower
the tower's picture

I never understood how a guy like Al Gore can be on the board of Apple and therefore be co-responsible for producing one of the most polluting phones.. can't change battery, can't change memory, devices are not repaired but thrown away... that sorta tells you he's full of shit, right?

Global warming is just a fact though, every idiot can understand that, what bothers me is the people that want to make money out of it, and not solving it.

Tue, 10/25/2011 - 07:11 | 1807426 jeff montanye
jeff montanye's picture

yeah.  make them have those babies and jail all those getting high on non-booze.  that's got to help.   and it's sure to save money.  jedi master.

Mon, 10/24/2011 - 20:20 | 1806519 tkoski6600
tkoski6600's picture

My nuts are feeling the squeeze of the noose, as well.  But I have begun doubling down with extra cash I saved.  My fear is that cash will run out before the market decides to turn!

Mon, 10/24/2011 - 20:39 | 1806575 mtomato2
mtomato2's picture

"The markets can stay irrational longer than you can stay solvent."

Believe it.

Mon, 10/24/2011 - 21:11 | 1806678 Mactheknife
Mactheknife's picture

That 1258-60 S&P is some major resistance...with this lite volume...ain't gonna happen.

Mon, 10/24/2011 - 22:05 | 1806823 Everyman
Everyman's picture

Fat lady has been singing her lungs out and there are helluva lotta forks.


But the HFTs and thelying media and theat Fucking Cramer BUY BUY BUY!!!!

Mon, 10/24/2011 - 20:07 | 1806490 Hugh G Rection
Hugh G Rection's picture

silver lifeboat, bitchez

Mon, 10/24/2011 - 20:12 | 1806499 Long-John-Silver
Long-John-Silver's picture

and Gold life jackets.

Mon, 10/24/2011 - 22:55 | 1806951 The Heart
The Heart's picture

And Platinum panties for those whose ball sacks are uptight.

Mon, 10/24/2011 - 20:26 | 1806536 knukles
knukles's picture

Might be especially appropriate what with the Vatican's (Yes, that same Vatican, oh history of men, sola fida, usury and the twin taxes to the king and heaven, that Vatican.) newly found interest in the Financial Well Being of the Peasantry whom she so effectively enslaved for centuries.


And no, this is not meant as an anti-religious statement... for matters of faith are best left to the individual alone.  But best church remain aloof from finances just as science and state from religion... all's so much better when one remaining focused upon one's own fucking knitting.
This is a frormula for ensured social upheval.  Bring in the "Church".
Funnily enough, given the spiritual progression from sin through guilt, salvation, redemption, attonement, and forgiveness culminating in freedom, is this not an underhanded way for an element of the Illuminati to seek redemption by seemingly siding with the peasantry whilst assuring a seat at the throne of the New World Order?  And I'm not even a conspiracist...

Everything in its final analysis is nipping at the throats of the middle classes.  The "we's" of the world.  Nothing is as it seems.

Careful, Alice.  That Rabbit Hole is Mighty Deep©

Mon, 10/24/2011 - 20:41 | 1806579 mtomato2
mtomato2's picture

I've always liked you, Knuck.  Now I like you even more.


Mon, 10/24/2011 - 21:27 | 1806727 Use of Weapons
Use of Weapons's picture

If we say that we have no sin, we deceive ourselves, and the truth is not in us...If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness...If we say that we have not sinned, we make him a liar, and his word is not in us.

The Vatican is enacting a doctrine that it should have given up. It managed to break these basic rules many times over, not least in the whole 'fucking small boys and knowing about it', but moving priests / bishops to different dioceses. As such, it has broken the mandate it was given, and has given itself to the opposition; not even the opposition that counts, but boring spreadsheets and profit. It is lost.

Sum quod sum - And the Angels & Devils I have met are too focused on staying here, and enjoying their roles. None could engage, and all too full of their mission and purpose to join a war so long in coming...and as such, all become human as the time comes. Wings fall, and we cry into the abyss.



Mon, 10/24/2011 - 23:00 | 1806961 merizobeach
merizobeach's picture

I hope the Vatican goes all-in to the derivatives market.

Mon, 10/24/2011 - 22:40 | 1806892 LongSoupLine
LongSoupLine's picture

I sense we may be "overanalyzing" this whole Vatican statement.  Perahaps they're just doing "God's work" and saying Goldman needs to run everything on a "central basis".  If that's the case, it's a non-event since that's what's happening already.

Tue, 10/25/2011 - 07:05 | 1807419 infinity8
infinity8's picture

the vatican's "justice and peace department" - hilarious. J.F.C.

Mon, 10/24/2011 - 20:11 | 1806495 Long-John-Silver
Long-John-Silver's picture

Deck chairs for all!


Lets just hope the cushions can also be used as flotation devices.

Mon, 10/24/2011 - 20:17 | 1806513 yabyum
yabyum's picture

But, Damn that water is cold!

Mon, 10/24/2011 - 20:25 | 1806535 Zero Govt
Zero Govt's picture

hitch the cushions to Bernankes, Trichets and Mervyn Kings puckered gobs, those central bankster windbags have been blowing bubbles for 4 years may as well do something useful with 'em 

Mon, 10/24/2011 - 19:43 | 1806414 Bumblebee Tuna
Bumblebee Tuna's picture

My grandfather always told me if we dug a hole right through the earth, we'd end up in China.  I guess that same logic works for icebergs.

Mon, 10/24/2011 - 19:50 | 1806435 Mr.Sono
Mr.Sono's picture

thats a big ass iceberg.

Mon, 10/24/2011 - 22:29 | 1806877 harlanaladd
harlanaladd's picture

And they forgot one item that belongs underwater:  US mortgages.

Mon, 10/24/2011 - 19:58 | 1806437 X.inf.capt
X.inf.capt's picture

good call, tyler...

yep, one icebreg, straight ahead....

they see it...

BofA moving assets to be covered by the FDIC...

3 month tresury yields at 0.00%...

the vatican calling for a world bank...

fed is out of bullets...


they see it, its coming within hours, at the latest, days, maybe a few...


Mon, 10/24/2011 - 20:06 | 1806485 Herd Redirectio...
Herd Redirection Committee's picture

The Vatican... Geez, when Organized Crime is calling for the Centralization of power, that must mean they have all the dominoes in place, i.e. all their people occupy the top positions currently.

Mon, 10/24/2011 - 22:25 | 1806867 I did it by Occident
I did it by Occident's picture

"BofA moving assets to be covered by the FDIC..."


what's that called, moral hazard induced risk transfer?  or socialism for the rich, capitalism for the rest.  something like that.

Mon, 10/24/2011 - 19:51 | 1806438 topcallingtroll
topcallingtroll's picture

Famy French I believe it was...too lazy too look it up, but for the average investor a passive, efficient portfolio with historical volatility within the range where you can sleep at night is the best way to go. Check out dimensional funds if they are still around and read about their portfolio construction.

If you are a doomer hedge it with 10 to 15 percent gold.

Nobody knows what is going to happen, not even doomers. Real alpha is so rare it is best not to bother looking for it.

What if europe has a century of shell gas?
What if the usa achieves conventional energy independence with oil and gas fracturing in ten years?

Mon, 10/24/2011 - 19:58 | 1806458 Temporalist
Temporalist's picture

What if you everyone won the lottery?  What if people's tears turned into diamonds?

Mon, 10/24/2011 - 20:02 | 1806472 Rynak
Rynak's picture

pink unicorn vomit projectile

Mon, 10/24/2011 - 20:23 | 1806527 HD
HD's picture

"What if people's tears turned into diamonds?"

Well, prozac sales would drop like a rock, and onion sales would soar...

Mon, 10/24/2011 - 20:41 | 1806581 topcallingtroll
topcallingtroll's picture

What if?

Are there any doomers out there who believe there is zero chance of avoiding a major crash in the next twenty years?

Some people are speculating with their portfolio it is 100 percent certainty that a horrific crash will happen in the next ten years.

Mon, 10/24/2011 - 21:13 | 1806685 technovelist
technovelist's picture

Me, me, call on me!

Yes, there is zero chance of avoiding a major crash in the next 20 years.

Wait. Was that supposed to be a rhetorical question?

Mon, 10/24/2011 - 22:08 | 1806831 Everyman
Everyman's picture

What question?  That was a "statement int he form of a question".


Give me lying bankers for $100, Alex!

Mon, 10/24/2011 - 22:48 | 1806929 DoChenRollingBearing
DoChenRollingBearing's picture

Excellent post top!

Tue, 10/25/2011 - 00:25 | 1807113 GoinFawr
GoinFawr's picture

I know! (!?)


Woody Harrelson: "This... this feels weird; are you sure this is legal?"

Tommy Lee Jones: "I dunno... it's fun though isn't it?"

Mon, 10/24/2011 - 19:56 | 1806453 Uncle Sam
Uncle Sam's picture

Here's an interesting take on an EU pre-approved list of banks that will be allowed to fail, and those that won't:


We need Reggie to get the list! (Or maybe he already has it . . . Sometimes he's late to the party, but history has shown the party doesn't start until he gets there!)

Hedge the unknown, created by the uncaring, planning the unthinkable, accordingly.

Mon, 10/24/2011 - 20:00 | 1806463 SwingForce
SwingForce's picture



Tomorrow, Russell 2000 goes up another 3.25%        U R an ASOL !

Mon, 10/24/2011 - 20:01 | 1806469 Use of Weapons
Use of Weapons's picture

No mention of Cthulhu.




Mon, 10/24/2011 - 20:03 | 1806476 PaperBear
PaperBear's picture

The ideal analogy.

Mon, 10/24/2011 - 23:37 | 1806483 Stuck on Zero
Stuck on Zero's picture

Interesting thing about the iceberg in the illustration.  It is unstable as shown.  It will roll over on to its side.  Simple theory on flotation and stability that anyone into ship design will notice.  Is this an omen?

Mon, 10/24/2011 - 20:11 | 1806494 Matt1973
Matt1973's picture

Every talking head is sounding the "all clear" alarm....must be time to get short 

Mon, 10/24/2011 - 20:17 | 1806512 Matt1973
Matt1973's picture

Plausible technical comp to 07-08?



Mon, 10/24/2011 - 20:24 | 1806534 Matt1973
Matt1973's picture

[Still talking to myself]...will the Greek default be the catalist, or will it be "Wednesday's meeting"....evetually Greece defaults...doesn't pay any of its debt...then other PIIGS say "me too".....

Mon, 10/24/2011 - 20:13 | 1806501 Bill D. Cat
Bill D. Cat's picture

I'm a little fuzzy on this " no risk " concept .

Mon, 10/24/2011 - 20:33 | 1806554 knukles
knukles's picture

Try a 3 day treasury bill at -0.003%.

No fucking risk, your money back just about as best of anything guaranteed to do.  No volatility.  
So you get to pay for it. 
You buy the bill at a premium and get par back.
Simplicity incarnate.

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