Question... If gold not worth basing real value on, why do we still mine it. Why does credit cards a big deal if its a gold card... Why does most promotions have a gold level... Why did the wise men bring gold and ... I could go on, truth is, you should never trust any government completely. God bless America!
Weakish demand for the Facebook (FB) IPO isn't a surprise for Minyanville's Conor Sen, who says the public markets are doing a great job sifting through new share offerings. The revenue growth isn't there, he tweets. If Facebook grows revenues at 20-25% in 2012, give it an 8X sales multiple and call it generous ... that's $40B. [View news story]
If Canada proceeds in exploiting its vast oil sands reserves, it's "game over for the climate," James Hansen writes. Canada’s tar sands contain twice the amount of CO2 emitted by global oil use in all of history, he says; full exploitation plus continuing use of conventional energy sources "would assure that the disintegration of the ice sheets would accelerate out of control... Civilization would be at risk." [View news story]
I'm sure any man, woman, child, animal, and plant are dead around the lethal out gas caused by the years this event.
There’s an old Wall Street maxim that the so-called dumb money trades early and the smart money comes in later. Trading by that phrase would have made you a bit of money this week, as equity markets have continually fought back from heavy morning losses over the European mess to close well off their lows. Traders note the three-straight turnarounds for the market are a bullish sign, as big institutions tend to dominate trading activity later in the day. [View news story]
S&P 500 futures gap down 1% at the open following Hollande's victory in France and a poor showing by Pasok and New Democracy in Greece (regional elections in Germany didn't go Merkel's way either). German Dax futures -1.3%, France's CAC 40 -1.5%. The euro gaps down 70 pips to $1.3009 vs. the greenback, and £0.8059 vs. sterling, the lowest level since late 2008. [View news story]
Short Oil, Short S&P, Long Gold, Sold my SQQQ Friday afternoon made more money than the 10yr is paying for the year. I said cash will be king. Base hits and walks will only win this game.
S&P 500 futures gap down 1% at the open following Hollande's victory in France and a poor showing by Pasok and New Democracy in Greece (regional elections in Germany didn't go Merkel's way either). German Dax futures -1.3%, France's CAC 40 -1.5%. The euro gaps down 70 pips to $1.3009 vs. the greenback, and £0.8059 vs. sterling, the lowest level since late 2008. [View news story]
Most politics create fans, not leaders... the right thing to do is seldom followed as a group. Pain is universal, the elite have not seen pain. Until someone "jumps out a window", this will be a slow motion train wreck. Cash will be king( hedge, trade, bury, leverage, gamble), this is that time in life that can make you rich!
Do You Think That Gold And Silver Are Broken? [View article]
Silver train sited around the "Ben". I bought in December around 27 per oz. When the $ crosses in value like that again, I will buy a another round ticket. Final destination, US balanced budget. PS. Newmont Mining is paying close to 3%.
Is marriage an investment (yes, on many levels)? Is gifts going away? I could go on. Gold/ gold products have and for my lifetime will be a MARKET. It is the true definition of a universal commodity. Miner's seldom go below production cost (i.e. shutting in a well if it cost more than cost of production) and vie for interest of investors. It is neither our savior or our enemy. You can get a dividend, if you invest in production(or future production). Or, more hassle free speculate. Why can't we agree on what?
Despite the band-aid put on the Greek situation with the recent bond swap, the Greeks are inevitably going to default down the road, or write down 100% of their debt, says Wells Fargo Advisor's Scott Wren. Additional bailouts are likely, and other European nations such as Portugal and Spain may even jump on the bandwagon. [View news story]
I guarantee the market will go up 5% more, I own the SQQQ.
Don't Bet On Gold [View article]
Why does credit cards a big deal if its a gold card...
Why does most promotions have a gold level...
Why did the wise men bring gold and ...
I could go on, truth is, you should never trust any government completely.
God bless America!
Weakish demand for the Facebook (FB) IPO isn't a surprise for Minyanville's Conor Sen, who says the public markets are doing a great job sifting through new share offerings. The revenue growth isn't there, he tweets. If Facebook grows revenues at 20-25% in 2012, give it an 8X sales multiple and call it generous ... that's $40B. [View news story]
If Canada proceeds in exploiting its vast oil sands reserves, it's "game over for the climate," James Hansen writes. Canada’s tar sands contain twice the amount of CO2 emitted by global oil use in all of history, he says; full exploitation plus continuing use of conventional energy sources "would assure that the disintegration of the ice sheets would accelerate out of control... Civilization would be at risk." [View news story]
Spain Is Taking The Irish Route [View article]
There’s an old Wall Street maxim that the so-called dumb money trades early and the smart money comes in later. Trading by that phrase would have made you a bit of money this week, as equity markets have continually fought back from heavy morning losses over the European mess to close well off their lows. Traders note the three-straight turnarounds for the market are a bullish sign, as big institutions tend to dominate trading activity later in the day. [View news story]
This video is for you!
http://bit.ly/IZnv7p
Investors Won't Like The News Out Of Greece And France [View article]
Pick up a shovel and you'll know the difference.
20 Events That Would Render QE3 Worthless [View article]
21. Surprise terrorist attack on Olympics.
22. Civil war in oil producing African country.
23. Successful cyber attack on infrastructure.
24. Virus epidemic.
25. Major Cali quake during hurricane.
P.S. Nice Article
Investors Won't Like The News Out Of Greece And France [View article]
S&P 500 futures gap down 1% at the open following Hollande's victory in France and a poor showing by Pasok and New Democracy in Greece (regional elections in Germany didn't go Merkel's way either). German Dax futures -1.3%, France's CAC 40 -1.5%. The euro gaps down 70 pips to $1.3009 vs. the greenback, and £0.8059 vs. sterling, the lowest level since late 2008. [View news story]
S&P 500 futures gap down 1% at the open following Hollande's victory in France and a poor showing by Pasok and New Democracy in Greece (regional elections in Germany didn't go Merkel's way either). German Dax futures -1.3%, France's CAC 40 -1.5%. The euro gaps down 70 pips to $1.3009 vs. the greenback, and £0.8059 vs. sterling, the lowest level since late 2008. [View news story]
The Silver Megathrust [View article]
Do You Think That Gold And Silver Are Broken? [View article]
PS. Newmont Mining is paying close to 3%.
Is Gold Ever An Investment? [View article]
The Euro Crisis Is Structural [View article]
Despite the band-aid put on the Greek situation with the recent bond swap, the Greeks are inevitably going to default down the road, or write down 100% of their debt, says Wells Fargo Advisor's Scott Wren. Additional bailouts are likely, and other European nations such as Portugal and Spain may even jump on the bandwagon. [View news story]