Search results

Is that silver I see in backwardation?

The Chinese defaulting on their derivatives could be the catalyst that vaults commodities prices upwards. I think the big thing to look at is now the USD index and whether it drops below 77. There is definitely a lot of air between the 72-77 area.

I am unsure why there are not more people looking at it from awgee's point of view. He holds a higher standard for politicians, which I think should be applied to any individual who takes an oath to public service.

I am seeing a pennant formation in the price of gold which leads me to believe consolidation is occuring at the $930-$950 level. It appeared that gold was heading to the $880 level but the comments by PIMCO and Buffett appeared to put another floor onto the price.

USD and 10-year looking bad on the charts. the 20MA is coming down hard

<a href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a16aPkJLxw0w">Greenlight holds Bullion</a>

TIPS are BS. If you trust the government to honestly determine CPI (which determines TIPS), you are naive.

The underlying fundamentals for gold are still intact. I see the following factors providing resistance to the rise in the price of gold in the short term. 1) lagging commodity prices (but this is correcting itself) 2) market consensus that we are in a deflation 3) USD index holding...

A quote from Alan Greenspan in the Objectivist about the Fed in the 1920's. <blockquote>When business in the United States underwent a mild contraction, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. The Fed succeeded, but it...

<a href="http://www.gold-eagle.com/editorials_01/seymour062001pv.html">http://www.gold-eagle.com/editorials_01/seymour062001pv.html</a> My favorite quote: "All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent...

What are the positives to having a Federal Reserve?

I am absolutely dumbfounded. <a href="http://www.reuters.com/article/bondsNews/idUSNYD00046720090416">N.Y. Federal Reserve buys $1.5 bln of TIPS</a>

If you are going to take away bonuses from AIG, then you must go after Goldman Sachs, Merrill Lynch, Societe Generale, Deutsche Bank, and UBS. <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a5V0jKS7y.WI&refer=home">Treasury Preserves Bank Payday With AIG Rescue Cash</a>

Prior to the March 17th FOMC meeting, I thought gold would flirt with $800. I am not sure this is the case anymore. As I look at the miners, it appears someone is stealth accumulating shares. The HUI chart is slowly turning bullish despite the volatile action in the gold and silver price.

<a href="http://news.yahoo.com/s/ap/20090320/ap_on_go_co/bailout_delinquent_taxes">13 firms receiving federal bailout owe back taxes</a>