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"Let's Talk Markets" With Mike Krieger

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Thu, 12/15/2011 - 15:50 | 1984439 mossme89
mossme89's picture

What about Silver? Would silver be dragged up by gold as well?

Thu, 12/15/2011 - 16:13 | 1984540 HedgeAccordingly
HedgeAccordingly's picture

Collateral crunch - http://hedge.ly/gFWVSm

Thu, 12/15/2011 - 17:15 | 1984850 Missiondweller
Missiondweller's picture

Hell yes

Fri, 12/16/2011 - 00:50 | 1986044 pavman
pavman's picture

Actually, the read I take on this is that gold will stay while the markets go down.  I do think silver will be dragged up to gold and eventually settle @ its historic 16:1 ratio (maybe better if this whole silver shortage turns into reality).  But the question is...will gold go higher, or everything else just tank?

I think we're about to see a new depression and gold may dip back to $900s or lower before it rockets up thanks to inflation catching up with us.  I've been waiting for the sustained dip into the $1500s to increase my gold exposure (physical) but the physical market is still mid 1600s.

We'll see...seems like lots of inflationary deflationary death spiral price action lately in real asset prices (ie food, not paper trade bs).  And that 4 Quadrillion derivative exposure is still out there in the shadows.

Historically, these type of death spirals can last up to 20 years if "policy makers" don't change their ways.  So it could be a long slow slog.

Thu, 12/15/2011 - 15:54 | 1984459 GeneMarchbanks
GeneMarchbanks's picture

This was weak with a backward looking bent to it. You'd think Mike could at least add something about hyper-hypothecation or MFG or Europe.

Thu, 12/15/2011 - 16:22 | 1984553 youLilQuantFuker
youLilQuantFuker's picture

What about copper? I would have done the complete article about copper. That is all you need to know right now.

The world is watching copper. Tune in.

Fri, 12/16/2011 - 02:02 | 1986137 sullymandias
sullymandias's picture

hypothe-yawn-ication i need a vacation.

what about palladium and platinum?

oh yeah and, BTFD phys!!!

Fri, 12/16/2011 - 02:05 | 1986141 sullymandias
sullymandias's picture

WTF a $250 premium on a platinum ounce coin?!


Thu, 12/15/2011 - 15:56 | 1984465 JPM Hater001
JPM Hater001's picture

What?  This doesnt sound like good news to me!  I thought they said everything is fine.  Just look at todays unemployment numbers.

Thu, 12/15/2011 - 15:57 | 1984472 Spastica Rex
Spastica Rex's picture

First ever Noam Chomsky quote in ZH story?

Thu, 12/15/2011 - 16:02 | 1984491 GeneMarchbanks
GeneMarchbanks's picture

Many of Mike's articles have had a Chomsky quotation. Lends the illusion of intellectual gravitas.

Thu, 12/15/2011 - 16:03 | 1984500 Spastica Rex
Spastica Rex's picture

I missed them.

Thu, 12/15/2011 - 16:19 | 1984537 vast-dom
vast-dom's picture

When Chomsky's ACTIVE and CURRENT IRA's in blue chips and other hegemonious financial positions are closed out and he quits his capitalistic funded university gig and stops getting paid by GE owned publishers for his books, then maybe, just maybe-- fuck it-- he is what he is-- and I prefer the Jefferson quote anyhow in all it's glorious simplicity.


So many great posts, charts, opinions, etc. on the coming Great Purge and yet here we still are levitating on hopium shit fumes.

Thu, 12/15/2011 - 16:22 | 1984569 GeneMarchbanks
GeneMarchbanks's picture

I have nothing against Chomsky. His understanding is sound while his proposed solutions can be argued either way, this isn't my beef.

Jefferson was quoted to lend credence to Mike's patriotism ;)

Thu, 12/15/2011 - 16:26 | 1984589 vast-dom
vast-dom's picture

I too have no issue with Chomsky in terms of his writings, for the most part. It's just that he's as full of shit as the next banker, in deed, though clearly not in terms of destructive potential. Too bad he doesn't conform to what he preaches and espouses. Progress, not perfection. And his self-hatred is at times painful to witness. 

Thu, 12/15/2011 - 16:30 | 1984610 Spastica Rex
Spastica Rex's picture

It's just that he's as full of shit as the next banker.

Really? How so?

Too bad he doesn't conform to what he preaches and espouses.

How do you figure that? what do you hear him preaching?

Thu, 12/15/2011 - 16:54 | 1984726 delacroix
delacroix's picture

chomsky is  a sellout, on the anthropogenic global warming issue . I guess the ptb really want it.

Thu, 12/15/2011 - 17:04 | 1984779 Spastica Rex
Spastica Rex's picture

The PTB want an end to growth based economic models?

Thu, 12/15/2011 - 18:16 | 1985179 Manthong
Manthong's picture
This is what comes to mind whenever I hear old Noam mentioned..  

“Chomsky has turned a tidy profit as a Defense Department consultant, owns two million-dollar homes, and has set up an irrevocable trust to protect his sizable fortune for his heirs.

Thu, 12/15/2011 - 16:46 | 1984661 Pegasus Muse
Pegasus Muse's picture

No illusions from Mike.  Just good quotes and sound advice.

"It is to be regretted that the rich and powerful too often bend the acts of government to their own selfish purposes." - Andrew Jackson

"You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold." - George Bernard Shaw

“You can ignore reality, but you can’t ignore the consequences of ignoring reality.” – Ayn Rand

Thu, 12/15/2011 - 16:10 | 1984528 moskov
moskov's picture



US IS BETTER off the rest of the world? Why not print your fucking dollar to make S&P hits the same amount as your national debt?

Thu, 12/15/2011 - 16:10 | 1984529 Moulinex1980
Moulinex1980's picture

You can't go wrong with a bit of Chomsky in your article

Thu, 12/15/2011 - 16:16 | 1984547 TideFighter
TideFighter's picture

ZIRMP. "M" is for mortgage. All closing costs should be paid by the NAR, just so they get the numbers right.


Thu, 12/15/2011 - 16:18 | 1984551 hungarianboy
hungarianboy's picture

Tyler or anybody with good knowledge.

What are your toughts about Hungary and the Hungarian forint and markets regarding that Hungarian goverment nationalizes copmanies, attacked the pension system and now that they want to rule the Hungarian Central bank?

Is this good or actually bad?





Thu, 12/15/2011 - 16:28 | 1984597 GeneMarchbanks
GeneMarchbanks's picture

You are a vassal state of the IMF. Your pensioners are in major danger. Your women are gorgeous (especially in Budapest) and that is your only solace. Seek comfort in that...

Thu, 12/15/2011 - 19:29 | 1985428 Rusty_Shackleford
Rusty_Shackleford's picture


Thu, 12/15/2011 - 16:18 | 1984555 sabra1
sabra1's picture

 "On a side note, I purchased physical gold for the first time in over a year yesterday. I rarely do that anymore since I did most of my purchasing in 2008/2009 and I only do so when I have very high conviction that the worst is over."

so. the worst is over for gold, or for the markets? does not compute (in computer voice) analyzing! analyzing!

Thu, 12/15/2011 - 16:20 | 1984559 Imminent Collapse
Imminent Collapse's picture

Quite a bit of discussion this week about the speeding up of the problems.  I wonder if the Bernanke can hold things off until 2012.  I have a bonus I need to convert to real assets while the fiat I am paid in becomes wallpaper.  Any predictions?

Thu, 12/15/2011 - 16:20 | 1984561 junkyardjack
junkyardjack's picture

Pfft, another paper trader, ignorez. You should buy gold at any price, it doesn't matter. Gold prices can only go up.  This guy should read more of the other articles on here, he'd learn a thing or two about investing in gold.

Thu, 12/15/2011 - 16:21 | 1984564 Teamtc321
Teamtc321's picture

The Greatest Speech Ever Made


Thu, 12/15/2011 - 16:22 | 1984571 JustObserving
JustObserving's picture

Noam Chomsky supports the official theories about the JFK assasination and the 9/11 event.  That makes him somewhat unreliable in my opinion.


"The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum."
-- Noam Chomsky


Thu, 12/15/2011 - 16:32 | 1984617 youLilQuantFuker
youLilQuantFuker's picture

"The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum."
-- Noam Chomsky

Sounds like a few website that I know of.... The American way. I guess, I don't know. America is a social engineering experiment from the boys in Britain and Isra...

Thu, 12/15/2011 - 16:37 | 1984642 sabra1
sabra1's picture


Gold Sheds 'Can't Lose' Status: Now, No One Wants It
Thu, 12/15/2011 - 17:14 | 1984844 Dr. Engali
Dr. Engali's picture

Good let them keep talking that way. It will shake out the weak longs.

Thu, 12/15/2011 - 21:43 | 1985773 Legolas
Legolas's picture

If they're talking it, then its to create their own buying opportunity for their own profiting.  Swim against the stream of the media talking heads.

Fri, 12/16/2011 - 01:16 | 1986087 chump666
chump666's picture

CNBC are dumb a-holes, like the market at he moment.  metals are selling and equities are bid?  if gold slips more, money won't go into stocks.

beginning of the liquidation trade.

Thu, 12/15/2011 - 16:50 | 1984696 illadeljim
illadeljim's picture

Outflows, inflation, panic, unrest, war. Or....printing,euphoria,risk,reality,war.

Thu, 12/15/2011 - 17:02 | 1984770 pineyard
pineyard's picture

Hi there ... MIke Krieger ... Nice to hear some sane words out of America !

I am not sure i agree totally with You on some of the Economic Stuff ...

but we are all .. as FREE MEN .. entitled to out Opinions...

But I agree entirely with Your Preamble .. !

Thu, 12/15/2011 - 17:14 | 1984841 JR
JR's picture

…money in the bank doesn’t mean anything if we lose our freedom.  The message I have been trying to get across to leaders of business in all industries is stop making these deals with the devil in order to take one more large bonus or beat EPS for another quarter.  Your choices in pursuit of transitory wealth and status will be paid for by the loss of liberty and the tears of your children and grandchildren. --  Mike Krieger

The early patriots and signers of the Declaration of Independence wanted the opportunities they had found in a new land permanently guaranteed to themselves and their descendants. The Declaration of Independence was a declaration of war…they pledged their lives to sign it and knew their plight if they failed.

We need men who will stand. The men who will stand and stand for justice will turn the tide. In his “Uncle Abner” series, Melville Davisson Post made it clear: “I saw that law and order and all the structure that civilization had builded up, rested on the sense of justice that certain men carried in their breasts, and those who possessed it not in the crisis of necessity, did not count.”

That’s what Krieger is calling out, if you have a sense of justice, that bonus is nothing compared with what you will lose.

Here is the biography of Thomas Nelson, Jr., (1838-1789), Virginia, one of the Signers of the Declaration of Independence:

“Another of the Southerners possessing great wealth was Thomas Nelson, Jr. To his honor let it be noticed that he gave his entire fortune to his country when its need became urgent, and died penniless. At one time the issuance of a two-million-dollar loan was necessary to repel the enemy from Virginia soil. This full amount Nelson raised over night by mortgaging his estates. The next day his own home was occupied by the personal staff of Cornwallis. It was at Yorktown and the Revolutionary forces were on the offensive. Nelson, who was Governor at the time, visited the firing line. Noticing that the entire neighborhood was being razed by the artillery, he inquired why it was that the fire was not directed at his own dwelling. ‘We are sparing it out of respect to you, Governor,’ replied one of the young Lees. ‘Give me the cannon,’ retorted Nelson. ‘Do this,’ he added, and he fired a ball through the house. Subsequent shots destroyed the place and forced the enemy to flee. And so it was always with Nelson—America first.”

Thu, 12/15/2011 - 17:38 | 1985000 Shizzmoney
Shizzmoney's picture

The message I have been trying to get across to leaders of business in all industries is stop making these deals with the devil in order to take one more large bonus or beat EPS for another quarter.  Your choices in pursuit of transitory wealth and status will be paid for by the loss of liberty and the tears of your children and grandchildren. 

God bless you, sir.  Yeoman's work.

Fri, 12/16/2011 - 01:59 | 1986135 Milestones
Milestones's picture

Your greenie didn't work. Agree wholeheartedly. Excellent piece of writing Mike!       Milestones

Thu, 12/15/2011 - 18:39 | 1985268 doomandbloom
doomandbloom's picture

Mike Kreiger--> useful idiot

Thu, 12/15/2011 - 22:04 | 1985821 chump666
chump666's picture

gold is going to break the sept 26 low...major liquidation trade coming.  Equities are in la la land

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