Thanksgiving Tally: Lunatics And Hacks Win As Gold Up 19.3% YTD; S&P Down 7.5%
To some, only "Lunatics and Hacks" believe in gold and a system based on real money. To others, one look at the chart below showing the relative performance of gold and the S&P YTD is enough to determine who the lunatic and hack truly is.
Source: Bloomberg
As for the "some"...
(10 votes)
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no 1 fuckwit
How is it fair that redneck doomers should be rewarded for simply sitting around watching nascar while they ’stack’ their precious metals, while hardworking and innocent investors lose money in equities. This is clearly not fair, and it’s time we stood up to these self-important pigs who constantly boast about their inflated and obscene profits. I would strongly urge the Obama administration to introduce an ‘equal opportunity in investments’ policy to tax windfall gains in the precious metals sectors and use the proceeds to compensate unfortunate equity investors.
Good one.
I object, I am not a hack or a lunatic. I'm just a traditionalist with a barbaric fancy for shiny inedibles.
My apologies. Didn't take my redpill recently.
Aaaahhh, MDB.. Your expertise at trolling is unmatched.
Have a terrible holiday
I thought the 'equal opportunities in investment act' was a little too over the top, otherwise some top quality trolling as always.
mdb is the King of Trolls. He keeps the real ones out by filling the niche.
Stay in your dreamworld while sucking on recycled waste in the real.
I prefer eating lobster and juicy steaks from the wealth my gold preserves.
One of your better lines, red.
I bought my gold purely cause I'm into metal, man. I thought it was a tribal thing. Guess it was my Texas Tea moment.
A barbarous relic is just one oxidation step lower than a barbaric relic.
Funniest comment on ZeroHedge EVER!!!
+ 6.02 E23
Saw a comment one day in which it was called the "barbequed relic". Couldn't tell if it was intentional or not.
I know of a man who has truly straddled the barbarous - he has stacks and his wife wears 24k solid gold jewelry (either way he's covered.)
And don't forget those of us who had the temerity To stick with our puts and shorts and dca all the way up and are now solidly in the green on trades that should have blown up in our faces.... Iow, me bitchez! Happy thanksgiving, I'm going straight for the veuve isle : )
i didn't get my sun microsystems windfall redistribution when i was holding gold back in 2000. Please pay back tax million dollar bonus
Some people connote "gold bug" as an epithet. I embrace it. In fact, I hold up the cockroach as a more specific symbol for the term. The cockroach is an amazing and adaptable creature. It endures in the harshest of environments. It will survive long after humans (and sheep) are extinct.
www.pmbug.com
It's a bit surprising that MDB received 25 positive votes for his diatribe. There must be more troll support than usual... Maybe it's a Thanksgiving thing?... Or, maybe his positive votes are for humor?
On the one hand MDB seems to believe in the equities markets and capitalism... On the other hand he abandons capitalism when his equities portfolio heads south... and, like any other azz hat banker he wants a socialist bail out from those that are holding PMs.
MDB... is your portfolio having a crisis of capitalism, or one of socialism...and, would you know the difference?
HAPPY TURKEY DAY TO ALL... Mmmmm GOLDEN oven baked turkey... and it's edible!
He's not a sadist but rather a satirist.
I would also urge Mr. Obama to applaud the blatant racism that took place on the Jimmy Fallon show, which was aimed at Michelle Bachmann. That is the leadership we need in this country. We need to reward the racism aimed properly against white people like that exhibited on Jimmy Fallon's show. That will teach those NASCAR rednecks to boo the fine first lady.
WORLD WIDE WHITE PRIDE, baby! where is the Congressional White Caucus? Where is the so-called 'equality' the progressive-left always screams about?
when do we get a UFC HW champ with "White Pride" tattooed across his chest?
We have cities getting sued by white firefighters who passed the test then got passed OVER for promotion that was based on the test.
"More diversity" always means more blacks even if their representation is already far in excess of their share of the population. And it leads to Detroit or Zimbabwe, as night follows day. Show me one fucking counterexample in all of history.
We can't nurture out nature.
maybe I took a few too many hits out of my friend's bong tonight, but it seems you and I see eye-to-eye on this. Every Founding Father I look at comparatively seems to resemble one-another. Perhaps, although it may not yet be realized, the proverbial ethnic demographic we relate to has always been correct, despite the many interruptions. Cultural Marxism has been with us a long while. Reversion to mean is indeed a bitch. The system has failed... We're here to prove it now!
Who the fuck is Jimmy Fallon? When did he get a TV show?
Yes indeed.
It is important that the government use its powers to promote equality and a level playing field.
We should not allow such inequality to exist
During these holidays, we need to be reminded of those less fortunate than ourselves: the globalist fiat overlords of the banking cartel.
Nouriel: "Gold is not relevant. Just ask bernanke and keynes."
Aaron: "What about James Rickards? What about the 10 year chart?"
Nouriel: "Only lunatics and hacks pay attention to charts."
Aaron: "..bbbut but but.."
Nouriel: "ENOUGH"
so you are opposed to affirmative action, then, and all the other racial set-asides and quotas that maintain this "white privilege"?
What if we had a system that relied on the best person qualified getting the position. Nah, wouldn't work. Let's just keep dividing people up into groups; ethnic, religious, sex, age, etc. This way everyone knows their place and the division and envy can continue.
"..promote equality and a level playing field."
Since you metioned playing field, the NBA is in dire need of Affirmative Action. There's not nearly enough diversity. And the NFL is discriminatory in its hiring practices.
Fine by me. Just discourages people from buying dollars with hard currency.
Would a large donation of brass & lead suffice?
thats cause redknecks is simpletons ans they derive everything back to its singularity... and da maths not too complex when you figure infinite growth is confined to a finite momma earths; golds.
city folks is different. complex, running around doing nothing, saying a lot; always selling, always hustlin. Dey have to give their money to people who talk complex promising a lot, delivering nothing, so they can run around with dreams in their head.
http://www.youtube.com/watch?v=I4s0nzsU1Wg
surely you jest.
In order to "bozo proof" yourself, you should state when you are being sarcastic. If you are not kidding, then forget it bozo.
It's all sarcasm, dude (dudette).
Sorry, sweetie, you blew your cover with this post.
One word for you: DIE!
K, thx, l8r.
LOL !!!
MDB, much better than other recent efforts.
Yes, but equity investors are disproportionately white.
Therefore any taxation should be given back to minorities who built this country, such as blacks and illegal mexicans who've arrived here in the past 10 years or so.
I mean, we owe a lot to these groups, we owe the traffic light to Garrett Morgan who invented it 10 years after it was already in Cleveland and was like the 60th patent for it. White people traveled back in time to steal his inventions, including the wheel and the written word and the transistor.
Until the playing field is leveled once and for all, all the affirmative action in education and government hiring, as well as racial set-asides in gov't contracting, scholarships, and welfare will do nothing more than maintain the white privilege that is experienced in superior outcome in working, invention, education, investing, saving, maintaining civilization, and sticking around after the baby is born.
I'd say their greatest invention has been peanut butter. And --- I'm not going to lie --- I heard a great deal about this accomplishment during my formative years in government school.
MDB, I believe you are RoboTrader and this is your 'therapy' avatar. Your posts are douchelicious.
I hereby retract my rule of junking your posts before reading them and offer my sincere apology for being so careless as to miss the subtle sarcasm. I sir, applaud you.
It was the phrases "hardworking and innocent investors" and "equal investment opportunity" that won me over.
My you choke to death on your fucking holiday dinner.
Great close, this roller coaster is going straight down like this, (Sommerrodelbahn, Mieders, Austria)
http://www.youtube.com/watch?feature=player_embedded&v=iqCkICXWdWI
nothing new here.
http://expose2.wordpress.com
That makes me a lunatic.
libertarian86.blogspot.com
Then I must be the hack.
Speaking of hacks, somebody took a hack at that bullshit ramp in the last five minutes...
Damn it's good to be a lunatic hack!
I know... It was glorious to watch in real time... Everyone dumping before the asian market nightmare tonight...
It's only two more days until the new moon. Just stay calm until it's past.
notice that on 11/11/11 at the 11th hour the up move in the market (hourly line chart) died and has never looked back.
Awesome headline.
sorry never been first had to do that... long live the shiney woo
you can still have gravy on yer mashed potatoes, as far as i'm concerned
YAY! for the fringe bloggers!
indeed i get a strong whiff of sanity amongst the insanity here on the hedge
But, But, But, it's down from it's all time highs....../sarc
Gold miners down 10%+ on the year...
Apples... oranges.
Apples....pieces of shit
Clearly you've been burned. Miners are for the super connected or super patient. Preferably both. I can see this is a difficult subject, I'll move on.
Look at the mining indexes and explain to me the rational behind the moves we've seen? Explain to me why companies are at levels they traded at when gold was trading at $600 an ounce? Gold moves up $1,100.. Major gold miners go absolutely no where.
Maybe since "they" have such a hard time knocking gold down they just kick the shit out of the miners. who knows.
It's a disconnect. They are treating mining stocks like bank stocks.
JAG- had a $9.30 bid on it by a chinese miner. Traded up to $8 and now trading in the low $7s.. That's $2.30 of free money but since jag is a miner, no one cares.
fonzanoon
IMHO< the ETF's are taking the miners Cash.
There is a lot of truth to that.
'Look at the mining indexes and explain to me the rational behind the moves we've seen?'
Like you I have more questions than answers, friend. The rational? Hee hee you're silly. I don't want you to be that crazy man walking down the avenue repeating: "The markets are rational" ad infinitum. Doesn't work like that. Let me tell where I'm at: I got a few favorite juniors I'm holding no matter what. Either the institutional $ comes or it doesn't. Bullion is a must of course. I've had no great returns since that Kinross/Red Back situation.
Either you have the stomach or you don't. I'm brainless + heartless.
I'm pretty sure this trade has damaged quite a few of my brain cells.
A bull is a brainless animal. If no tummy, stay away. Sorry to hear about the cells.
All extremes revert to the mean. Just wait.
The market can be irrational longer than you can stay solvent sadly...
I share your frustration, makes no sense but I'm in for the long haul even though I'm mostly physical. I picked up a couple of miners at the lows today (dumb luck) in another account I trade for a friend. I'm sure they'll tank another 30% :). I can't believe the values I'm looking at, trading at the same dollar value it had before it proved up another boat load of reserves and started production! Another miner I bought today just added 2 million ounces of gold reserves, currently at 6 million (anticipating 10 million by late next year, hopefully won't get bought by a major in the interim) and is trading lower than when gold was at $700ish, just crazy stuff! I'm hoping for an absolute rout so I can load the boat but I can't help but add some when I see these valuations. Keep the faith!
Well, some of them had hedged in at lower levels (e.g. Kinross, although they've unwound now). And I think a lot of hedge funds were long which means a lot of risk on/risk off bullshit price movements and forced liquidations in times of turmoil.
If you take a look at the 1970s when oil prices went through the roof oil corporations share prices didn't rise too much even though you would have made a substantial profit owning oil futures. Gold miners, like any company, are valued based upon future expected EPS which of course is reliant upon so many variables such as management and the policies they implement, input costs such as machinery (made with commodities that have gone up in price even more than gold in some cases), their productivity, debt:equity, etc. etc. etc. Quite frankly, anybody who thinks that gold miners are going to perform well simply because gold will perform well doesn't understand basic equity valuation.
It hurts. It hurts.
Roubini is/was partners with Larry Summers at RGE Global economics. His other buddy is Timmay. Any questions?
He is a money bitch and slut
You can't blame the guy. If he accepts gold, he basically admits his life lie. Gold replaces him (& his kind) subsequently rendering his life's work obsolete.
True that
Fiiiinally some one says it...
I'd rather listen to Latka than Roubini. They have similar voices but Roubini's bullshit is way more expensive.
http://en.wikipedia.org/wiki/Latka_Gravas
Roubini is a moron
Nouriel, good luck ever living down "lunatics and hacks"
We can add the phrase "lunatics and hacks" to "green shoots", "soft patch", "subprime crisis" and "tradition".
PS: Dear No-Real Rube-beany, fuck you, you lying Keynesian hack.
Gold obviously will compress the ~26% crash it needs to catch up to S&P. The race is on! Gold and Silver go up with equities and they too shall crash and bite the dust like the equities.
The velocity is differenct, but direction is the same.
Gold obviously will compress the ~26% crash it needs to catch up to S&P. The race is on! Gold and Silver go up with equities and they too shall crash and bite the dust like the equities.
The velocity is differenct, but direction is the same.
*************
With a comment that stupid-it's plain to see you don't know how to interpret a simple chart-
Here ya go-spend some time learning and try to enjoy-
http://home.earthlink.net/~intelligentbear/com-dow-au.htm
Yeah rub it in why dontcha?
But are you guys who own gold and no other investments going to be willing to trade it in if the Dow jones industrial average trades for an ounce of gold?
Thought not.
But are you guys who own gold and no other investments going to be willing to trade it in if the Dow jones industrial average trades for an ounce of gold?
Thought not.
************
if it reaches 1-1
Isn't that by historical facts-the exact time to sell gold and buy the DOW?