"The Decade of EPIC Begins"
FUCK That guy is really pissing me off. Gold is MONEY.
I'm sorry SGS but Schiff let us all down.When he was asked about Gold going down he had the opportunity to tell everyone that Gold and Silver are being manipulated by the Fed, JP Morgue and Goldie Sacks and that the CFTC are criminally involved.What did he do? He did the usual stuff about Gold being money.A big failure.
Once again Schiff is the only person who speaks the truth and is the only voice of reason in an ocean of noise. I don't know how he puts up with fuckheads the likes of "Mark" who are clearly delusional and quite frankly speak pure shit. He seems like members of sect who has blind faith in bullshit and lies. Even when confronted with the truth he dismisses it and go on with his main stream Wall St mantra of "diversified portfolios" etc. Bonds and shares outperforming gold, what planet is this idiot from, give me a fucking break.I just wanted to wipe the smirk off that snake oil salesman's smarmy little face. We'll see who's grinning when the shit hits the fan, fuckwit!!!Sorry for the out burst, but these news shows just make me want to puke. I just find them painful to watch.Oh yeah and one last thing, PISS OFF silverjournal1.........
George: Schiff has NEVER mentioned manipulation bc he cant look like a conspiracy therist. his clients will dump him. He will NEVER sya it. He doesnt need to. We say it for him.
why did all the bank stocks just gap up like 5%?
You said it heath9069! I bought gold a little over 2 years ago at like $745/oz now its $1750 down from its high of $1900/oz. Now, I was an English major in College so while I'm a dunce at math, it just seems to me my gold way outperforms my former 'diversified' portfolio, which I sold to buy lots and lots of phyzz silver late last year. "Mark" is telling me the world is flat when I know its round. "Angels and ministers of grace defend us". Shakespeare. Hamlet.
I just wish I had woken up about 6 months earlier and got with the program when silver was around $20. Oh well better late than never I'll just keep stacking until my gun safe if full. I know I will be better of than "Mark", god I still want to punch him square between the eyes, his kind just shit me to tears!!!!!
"Diversified" portfolios are for the ignorant sheep to make them feel protected. The only diversification you need is, GOLD and SILVER and mining stocks to play on the roulette wheel that is the mining sector - that's it!
Well, if SGS and Brother John are correct and silver hits between $75 - 100/oz by year's end, then all of this will be just a bad dream. :-) Hope springs eternal.
"why did all the bank stocks just gap up like 5%"Yeah I noticed BAC jumped over 17% (WTF!!!) out of nowhere, looks like the crooks are playing with the dials again. This shit is getting a little obvious now. I wonder how much the insider traders made on that little sweet heart deal.
5 Billion dropped into BAC, this is gonna leave a mark on my account. Rough week
I wonder who the generous donor was??
Berkshire is investing in BAC. Haha, what a joke. How did the GS and the Wells Fargo trade work out? BAC puts are on sale! I'm also short the shares right about... NOW!
About tomorrow... I have been listening to Bloomberg Radio for the past two weeks. Most of the guests on the radio were expecting no QE3 will be done/hinted by Benny tomorrow. They got all sorts of reasons, from QE not effective to Benny won't say much preceeding Obama's next week speech. However, don't drop your guard. The market manipulation will likely to try to squeeze the shorts while market is trading light before they let the market tank.
That dude is right, I'm selling all my gold and getting back into USD's. That's where the real value is.THen i'm going to drive a steel spike through my temple cause I'm a fucking moron.
The Chinese helped BAC through back channels and their various proxies around the world because their long term goal is to get their greedy little mandarin hands on all the minerals they can. So, for now, they want to keep the dollar reasonably healthy to accomplish that goal. A bankrupt BAC would have a major drag on the US $$.
Buffet and his 6 percent 300 mil return on BAC
Buffet = Bernank (today only)
Buffett swings the bailout bat while Bernanke is on the bench:Buffett's BAC Bailout
@SGS...I have no f'ing idea why the banks gapped up like that. My Morgan Stanley Sept. 2011 puts just took a beating!I think I'll be picking up more Tinka and GPL shares today. If Bob Chapman is correct, I should just be buying phyzz and mining shares and not worrying about the ups and down.Finally, I love how all the gold naysayers come out of the closet and start shouting from the rooftops that gold is not money and a terrible investment when it goes through a correction. Remember when Mike Maloney said in his Debt Collapse - $20,000 Gold video things tend to overshoot to the upside as well as the downside when they try to find equillibrium (fair value)? I think that is what we are seeing here in gold.
If no mention of printing press fire up tomorrow....what is everybody's take on PM's??...and the DOW...me thinks markets go boom..and i mean that in a bad way
Got this yesterday:Original Message-----Sent: Wednesday, August 24, 2011 09:59 AMSubject: BAC - For what it is worth for a long term investment (1 year) $6.5 currentRaymond James analyst out saying to "back up the truck" it is going to $16
@silverelvis: That's pretty much the gist of it. I honestly don't think the Bernanke will say anything he hasn't said already. We might get a relief rally, but it won't last. Central planning is the name of the game. With the jump in BAC shares, JPM's takeover just got a lot more expensive. I think the Bernanke will crush the markets just long enough so that the banks can further consolidate.
Ok...you know I have to ask. The cute blonde with the big rack...who thinks Schiff tried to tap that azz?
Goldman GS from $118-111, nice fad bitchez!
@FuturisticEel - saw your entry in the "all about gaps" arena, thank you.Question to you gentlemen, I ass-u-me that we are made aware of a gap when the opening price is different from yesterday's close? Right?@Ledbedder - I think you stated that this 'may' not be the case. A gap can occur at any time when neither buyers nor sellers are active. How can we find a gap if it should occur in midday trading? Oh! It's still me 'dasPro'. 'Felix' is my alter ego.
this market is weak for banks....I am assuming a bunch of idiotic retail is about to get their LONG ass handed to them tomorrow
Historically speaking the best month for precious metal is also September. I am buying during the dip. Silver is not doing terribly right now anyway.
I agree, people's 401Ks have not been slaughtered enough yet, standby for Wall Street Lesson Flash Crash everything then Flash buy until War -- the Nobel Peace Prize winner's days are numbered he only has a year left to finish Iran.Chick with the big tits talks way too fast. The other idiot can have his stocks ad infinitum!Ben will do nothing for the Wall St. If WS wants QE they need to Flash Trillions out of 401Ks.
Interesting TA, http://www.etf-corner.com/markets/.
I am telling everyone here the market CAN"T HANDLE A NATURAL DISASTER during times of crisis. the options bets by the big banks have been disclosed and if they need to pay out on S&P futures options on friday, meaning if the market doesnt go up a few hundred points by friday, there will a big bank will fail over the next week. I've been studying this intensely night and day for months, I have read more than a thousand pages of data this past week.
@ futuristic. I agree..smack it down more and then Benny boy will step in and save the day....closer to election time as mentioned here before
@Commodityworldnews...What natural disaster are you talking about? Is it the earthquake that occured in Virginia this week? I felt it here in Michigan. It was freaky!
@ commodity....does your studying and results mimick 2008 or you think worse if a bank or banks go bye bye
Commodityworldnews, Does any of that have any relation to tomorrows Jackhole meeting?
@malcolm - re: "back up the truck..." What are your thoughts? I think this is a pump of BAC. Do you have any confidence in Raymond James?
the meeting is not an issue anymore, silver's price is not at issue, this hurricane, if it hits like the weather channel model indicates right now, will be the most expensive natural disaster in the history of mankind. I am not shitting.
Just one footnote though. 2012 is election year. Stock market will be pushed up. That's why the market keep going up when volume is light. On the same token, may be Ben "will" push the QE3 tomorrow to push the market up, while the world is anticipating no QE. That would be a hack of the squeeze on all the shorts. Watch out and good luck to us all.
Commodityworldnews,"What does this mean to you, this means more bank and insurance failures, this means a massive liquidity crisis as investors around the world completely lose their humanity and start a stampede trampling people as they put ALL THEIR CASH INTO GOLD AND SILVER.This event will be happening friday."What's this all about? What data are you talking about?
does anyone here live in new jersey or connecticut these are the two most developed dense and richest per capita states in the country, and the forecast project takes the eyewall directly over the entire jersey shore, and greenwich, ct
@ felix, I didnt take the trade! I have no trust in our financial system! Up 30% on SDS calls!@ Commodityworldnews, Yes Manhattan! When is it supposed to make land fall?
Matson is just jealous that he missed out on gold in 2001 and missed that 600% increase as shown on the 10-year chart.He claims he is not a speculator, but yet he looks at day to day spot to come up with his decisions on gold.I'm a silver bug and not a huge fan of gold myself, but Matson's perspective is totally flawed.
coconutrumplus,According to a recent CNBC poll, 46% of market participants are expecting QE3. Reading the articles that have been trotted out recently to manage expectations, I think there's about 0% chance of QE3 tomorrow. And if 46% of market participants believe there's a good chance, then they are holding all the longs and will likely dump them en masse.I don't know what this will do to gold and silver so I have no paper positions in those right now.
$US just did something interesting
I should have also said there's a chance the Fed could do "operation twist," which I don't consider QE3. If they do that, I'm not sure what effect it would have on equities. That's the main reason I'm not shorting right now.
@coconutrumplus, "On the same token, may be Ben "will" push the QE3 tomorrow to push the market up, while the world is anticipating no QE."I think its the other way around, the market wants QE, but the Bernakster wont deliver. You see Obama cant have raging inflation until closer to election time, look for the S&P to go to about 900, or 10k on the Dow, then he will print!
Last message from WB group:WB group:The Leader wishes to inform his readers that a sovereign central bank will soon announce that it is accumulating silver as a reserve asset.Also he is advising those who have participated so successfully in the latest gold run to shift their entire focus to the silver market.As to Jes Staley, The Leader will give his reply at the appropriate moment.You're going home in a body bag, do da, do da.....
@malcolm... Obama's approval rating is at all time low <47%. If the stock market tank another 1000 points, he will have zero chance for re-election. I would think that he is desperate for the boost in the rating by pushing the market back up. If the market crashes tomorrow and next week, I doubt he can raise any money for his re-election bid.
@coconutrumplusI don't think Obama is a factor in this equation. The reason being is TPTB can just insert another puppet like Rick Perry into the mix and get exactly what they want. I hope that doesn't happen and Ron Paul gets the Republican nomination.
AGoldhamster,It is going to be Mexico that announces silver. Hugo Salinas Price.
If Hurricane Irene hits Jersey, I hope it takes out all those royal D-Bags on that stupid Shore show. I've never seen it, but somehow it just feels right for Snookie, J-Wow and their simpering colleagues to be crushed by hurricane debris.
coconutrumplus, "Disclaimer" I'm not an analyst but from what I have read, the consensus seems to be that there is not enough political cover, and the Bernakster will announce Operation Twist QE2.5 and we will not QE3 for 3 to 6 months!
That shit-eating grin is why I buy silver.
@malcolm and everyone else, you guys are missing the forest for the trees here, its like this: Bernanke is hanging out in the vip. It's somebody's sweet sixteen or 21st or whatever. He is paid an appearance fee to come cause he's so cool. Everyone wants to see him perform, they are all waiting, then IRENE rolled up on the club and she is an aggressive flirt who everyone has slept with, all the boys want to get the hell out of there before their girlfriends see IRENE and she makes a scene. IRENE just crashed the party!!
Anyone know why COMEX registered silver has RISEN to 33,538,485 ounces from a low of 26,749,250 on July 27th?COMEX WAREHOUSES REGISTERED SILVER
@malcolm It;s projected to make a direct hit through queens at 10-10:30pm sunday, which coincides exactly with the new moon tide high tide. the water will already be an extra 2 foot.
"Gold is only for speculators." This man actually said that on live national television.The lunatics have taken over the asylum. Officially.
Commodityworldnews,Look at the signs, market is down they know whats going to happen, dollar up not a good sign if they were going to print, why the Buffet bail of BAC, if they were going to print?I'm really starting to think like these criminals!
I've never heard of FED policy being influenced by a hurricane, but that actually makes sense somehow. Imagine the market crash we'll have if the NYSE, NYMEX, AMEX and NASDAQ all get shutdown for a few weeks because they're all flooded out. Now that would finally allow for some real price discovery to take place on PM's. Blow Irene, BLOWWWWW!
Intraday low didn't quite hit the traj. line, but in this volitile market, I'm ok with that. The Fib. 50% wasn't quite hit either, about 26 cents away. Strong trending markets will do this, they'll hit the 38.2%, but not quite get to the 50. Although I say this with some caution, today's low seems to be solid, and I think a renewed upswing is very possible. Still have to get through Friday, as Wed. is still fresh in our minds and anything can happen.
Travelers is just falling through all resistance here, it is still a GREAT time to place an october put at 45 on travelers. It has a long long way to go If the hurricane hits, this will go to 35.
Copper is up, silver is up, silver and gold stocks are up even though gold is still down. I'm not sure what to make of it, I just know it's going to be volatile as hell through the beginning of next week.If it weren't for the AHole in JHole this Friday I'd be buying the shit out of silver right now.
@felix or dasPro: To see an example of gap trading gone awry, check out my short on PANL that I just mentioned yesterday. Had to reposition after it broke through Tuesday's high. Although I'm still confident it's a shit stock, the market was saying otherwise today.
Speaking of manipulation, anybody see what happened to the DAX. I'm sure that freefall had NOTHING to do with the Germans threatening to get out of the NWO EU and pick another side that can pull its own weight.
@malcolm, The thing I remember from 08 is banksters are patient and don't care about laws, it'll be easy to make money when you figure how to think like them
The BAC stock price kind of annoys me. Yeah warren buffet just invested 5 billion in the company. I could invest 5 billion in rolls of toilet paper. It still doesn't change the fact that you wipe your ass with it.
" It;s projected to make a direct hit through queens at 10-10:30pm sunday, which coincides exactly with the new moon tide high tide. the water will already be an extra 2 foot. "Oh shit my sister lives in Nyack!@Ledbedder, Gare you talking about Ag?
Silver making a move up after this last beatdown. I bet the Pieces of SH%^&&* on the other side are saying the same thing we are...."When is this going to end" I love this game....We have to stay at it people...and keep trying to wake up the sheeple...i know it's hard....i've turned over a couple....keep at it and keep stackin
Nice one Zoul!!!
silverelvis, I just got some friends of mine in New Zealand to purchase 80% silver 20% gold. They have to drive to Auckland to pick it up. Also the dealer there said that gold is entirely sold out and they won't be getting any more in until late September.
@Commodityworldnews: Your analogy is crude, but I like it. All Bernanke wants is to feel needed. But what happened after QE2 ended? Markets rallied. What happened after the FOMC meeting? Markets rallied. The only thing that the current dip really priced in at this point is the downgrade. As we see, the market can go up in spite of liquidity. Tomorrow will be Bernanke's last stand, and he'll show how his inaction will cause markets to tank. Sure, Obama needs to get re-elected, but Bernanke needs to be reappointed. If the markets go up despite Fed policy, it pretty much means his job is useless.
http://www.financeandeconomics.org/Articles%20archive/2011.08.17%20Bank%20Credit%20Repo.htm"The silence on this subject may be partly explained by the monetary focus shifting to Europe. However, it is likely that the Fed has no intention of introducing QE3, given that the expansion of narrow money so far has led only to a degree of price inflation, without much benefit to asset prices. And with the ECB still reluctant to print euros, QE3 would probably collapse the dollar/euro rate and propel gold considerably higher, putting unwelcome strains on the financial system. The Fed also finds itself having dramatically expanded the monetary base for little economic benefit: against all its expectations, the economy is sliding into recession again. Perhaps it is a case of all the people being no longer fooled all of the time with respect to what QE actually is. No, another approach is called for."http://news.goldseek.com/GoldenJackass/1314216000.php"My forecast is that the QE3, when it comes, will be designed and intended openly to support the Stock market. It will not arrive this week. It will arrive with full bore announcement in response to the next round of deep US stock market declines. History will be made. The spin on the USTBond rally to 2% on the 10-yr is deafening and deceptive. We are told the bond market anticipates QE3 but that is patently false. The bond market smells with great dread the next USEconomic recession, or more accurately, recognition of the ongoing chronic powerful recession that began in 2008 and never ended. The bond market smells unfixable recession, all current tools having failed. The bond market detects correctly that the US Stock market from mid-2010 has been propped by QE initiatives, now absent."http://harveyorgan.blogspot.com/"With the fed-funds rates hovering near zero, the Fed's further policy options are limited but not eliminated. The markets' hope is for Groundhog Day at Jackson Hole in which Bernanke announces a new QE3 similar to last year's QE2. The odds of a rerun are virtually nil, given the mere announcement of holding the fed-funds rate unchanged has elicited the largest number of dissents on the FOMC since 1992.""I’ve warned many times that QE 3 will not be coming any time soon and that stocks are on very VERY thin ice.With that in mind, I wanted to alert you to the following news story:Those looking for a clear and unambiguous green light for QE3 from Fed Chairman Ben Bernake’s much anticipated speech in Jackson Hole on Friday could be disappointed.There are three reasons that add up to Bernanke likely falling short of market expectations for an all-out endorsement of additional Fed [cnbc explains] action at the annual meeting of central bankers in Wyoming the way he telegraphed QE2 [cnbc explains] last year.It’s also rare for a Fed chairman, especially one this consensus-oriented, to get too far out front of his committee. The August policy statement clearly showed a willingness of the committee to conduct additional asset purchases."
@ reefmanbeautiful...that's what i like to hear...most of the sheep i talk to look at me like i'm nuts when i tell them to buy physical....i usually get the same response....it's a bubble....fk'n sheep...
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and the game starts now!Greece Quietly Activates Emergency Liquidity Measureshttp://www.businessinsider.com/greece-emergency-liquidity-assistance-thursday-2011-8Maybe he wont announce tomorrow but maybe next week!
Commodityworldnews, Is that due to the coming ME war with Iran, or the NE hurrican?Exciting yet trying times my friends!
We all know what the end goal of the elites is here. That is the main reason we are all here. We all know that their plans have been accelerated since our current puppet pres has been planted. If they want to keep up the fight why not print more and get closer to the chaos they are after, to force everyone to beg for their help and complete the game. just a thought
It's probably a combo of hurricane and financial markets, they are considering a domestic situation that we have never experienced before, We don't have the energy to interact with iran when the northeast from dc to boston is about to lose communication on sunday
I think the financial collapse is eminent, and as such we will have martial law. Perfect storm!
Commodityworldnews,That link you provided (http://en.wikipedia.org/wiki/DEFCON) states that we are at DEFCON 5 (lowest state). Where are you seeing that we are at DEFCON 1?
christie just said new jersey has recalled all national guard units and is preparing for destruction
FEMA has been fully activited in all northeastern states
it just dropped back down to 5 it was white for the first people who viewed the link
it was at 4 this morning, someone is probably fucking with it
whatever, maybe i have bad info, I can't get through to my friend who is a recently discharged Major. When I reach him he wil be able to confirm.
too much coffee today Commodity??
I can find nothing online about the current DEFCON level. where the hell do you get this shit
The news is out!! No Print!!!!!
alright, even if defcon is not raised, there is high chance of katrina-like devastation in the tristate area and the people there preparing for that, that's my point.
I bought my silver during the dip. Boy am I happy.
@derek I saw that the national guard in NJ was recalled on tv, and I saw that battleships were sent out to sea at every northeast port, and then I checked the wikipedia link for defcon and saw it was at 1 (white) and I put the things together, I was told by a friend on facebook two nights ago that the defcon was raised to 4 in DC after the eartquake, I had 2 more people im me from washington saying that I was right it was raised. I just spoke with my friend who is a major and he said he knows of nothing exceptional, so it was likely a mistake on wikipedia, ill delete the posts
malcolm,Could you post a link to where you got your information that there will be no QE3?
reefman, I got that from my futures charts! All the indexes went down at the same time, and gold and silver caught bids up.
@silverelvis I have no idea what happens when the banks fail, but it will look like october november 2008, @flaunt I was talking about the big 4 not being about to satisfy S&P futures options on friday without losing billions in necessary capital. The big 4 and other banks sold an amount of S&P options representing a large fraction of the market value of the entire S&P They predicate that trade on being able to manipulate prices, (thursday and friday expirations jpm lands exactly on 40 or 45 or silver exaclty on 40) . With the hurricane sending selling pressure, When the originators of these S&P puts have to issue real contracts on friday, they will be fucked
...Developing...Sorry, just missed saying it.
To HKMEX,NYMEX,NYSELIFFE traders:Thu Aug 25 13:54:57 2011 ESTAs a result of the continued volatile trading environment, please be advised that exchange margins and/or house margins are likely to increase overnight and over the next couple of days, particularly in the metals. For exchange specific increases, please visit the respective websites. IB will also be increasing the gold derivatives margin. Please monitor any affected holdings closely and manage your risk accordingly.
@Rick - ! Yikes !Every time PM get a wif of margin hikes the price goes down! I got screwed more than once when this happened.Time to get out of paper?!How do we balance to margin hike aganst what WB said ealier (re: sell gold, buy silver)?
considering friday expiration, the hurricane and the market moving down today, can we say with 95% certainty there will be a margin hike by tomorrow? What does the "cone of uncertainty" forecast look like for gold margins? how much increase?
Regarding Bac, Did Buffet buy it for some sort of tax write off (since it's speculated that it's going bankrupt) and then those shares will turn into JPM shares. Thoughts?
How low would Pm's have to be in order for qe3 to happen without blowing up the paper metal market?
@all - A query gentlemen... to those who understand chart analysis and those who follow yearly trends...There has been much to-do regarding price patterns and what these might mean with respect to future price movement. I am having difficulty with the notion of "September being a stellar month for Silver" ... frankly, the odds that Silver will go up in Sept. are exceptional.There are similar predictions (extrapolation) which can be had by observing chart patterns. My difficulty is as follows... World Economy being what it is (fking complicated!) can we really predict price movement based on yearly price patterns? i.e. do we expect Sept. to be a good month for SIlver?Doesn't sound safe, does it?!... this blog is becoming verbose....
I don't like the way Silver and gold are behaving right now. Whose side is WB on? Was his comment (if indeed he did make it) BS?
Jesus Christ in a sidecar, Commodity, you're like a one-man news ticker.
@felix it is just that a prediction. If you worried about risk go sell your silver and go buy a high yield CD at the bank. I think the rate is 2% maybe? As for silver being stellar in September the odds are roughly 90% it will be up as well as gold off of previous history. It is just an assumption. I am not saying buy silver just for September. Buy it if you feel its a safe investment. If you don't then please by all means go to the bank and get some fresh fiat.
Stat for you: 107 comments on this thread so far today - 102 of which were posted by "Commodityworldnews" (developing.. .)
@Zoul - lol, I am not selling my PM (if indeed I do own some .. hahahahahaha).I have been getting smoked by my careless paper purchases of late. Gonna try to stick to miners... and "the stuff that goes * clink * "
SGS: Is it possible to limit some people's posts to a certain number? You know, the one who keeps spamming this forum?
@missiondweller, I'm with you -the spammer who will not be mentioned is a nuisance. I must say though that there are times when a serious discussion is taking place, the walls of the world economy and its markets are falling all around and the nameless will pop in with impeccable timing and make me laugh really hard. it brings a certain comedy to the theater that, although i can't say i will miss, i admit works once in a while in a twisted juxtapositional kind of way. still, fuck him and fuck spam (of course)
Warren Buffet just f***** you if you were shorting BAC. It now got to the point where individuals are larger than the market!
Just rename it Bank of Berkshire already!
@ Defcon-Dong LOL - dude chill out. If you're in the path move inland!Markets are tanking LOL again, I guess second thoughts and time to take some money off the table.If there are additional margin hikes, is it fair to say that futures buyers are treading softly, which means we may have a bottom? And if Benji does nothing we could see a slow steady rise while the markets tank!
I mean, he has so much money he literally was able to use his own money to make a stock rise 25%, instantly making that return! I wonder how much he then sold after pumping it? Unreal!
What I don't understand about the Buffett deal is why he didn't wait until after the bomb drops tomorrow? Unless he thinks Ben(dover) will print? Buffett got BAC at $7.14. If he thought the shit was going to hit the fan tomorrow wouldn't he have waited and bought BAC at like half that? Thoughts on this anyone?
@Garry Lindsay: Warren Buffett really doesn't need to pump and dump anything. He's not concerned with the valuations of Berkshire's assets. The big banks aren't either, following the moral hazard that was created from the bailouts. The name of the game is ownership. They own fiat - which you want. Despite being attached to toxic mortgages, they own the houses - that you want. They own the gold - that you want. We're constantly concerned with how much our stocks, PMs, and houses are worth, when really, we should just be taking as much shit from these assholes as possible.
I understand that he gets 6% in dividends and becomes the largest share holder etc., the stocks are optional(?). But still, why not wait until tomorrow? That's what bugs me.
http://www.forbes.com/sites/investor/2011/08/25/warning-why-you-shouldnt-follow-buffett-into-bofas-stock/"Buffett’s move once again signals that a serious crisis is approaching, similar to the signals his moves sent in 2008. Of course, that is opposite to the intent of the investment."Could Warren just be in philanthropic mode? A lot of people get that way before they die.
@AllSorry if this is off topic...Anyone have any thoughts on buying puts on Morgan Stanley or another bank as protection against the Bernank's decision tomorrow? Do you think I should just wait until after his announcement tomorrow? I don't know if you can private message me on blogger.com so feel free to contact me here:http://www.adamworksforus.com/p/contact.html
@ Adam, I figure I'll buy some puts today and then wait for the announcement with my finger on two separate buttons. One to buy SDS and the other S&P long depending on what he says.
@The_ColorThanks. I used SDS to get more fiat to by 100+ American Silver Eagles. That was my biggest purchase of silver. I'm small timer. I have about 180 ounces now. I'd like to get 200+ by the end of the year.
Breaking NEWS - The Weather Channel says yesterday's East Coast earthquake was caused by an unknown fault line running under D.C. and through Virginia. It is now being called Obama's Fault, though Obama will say it's really Bush's Fault. Other theories are that it was the founding fathers rolling… over in their graves or, that what we all believed to be an earthquake was actually the effects of a 14.6 trillion dollar check bouncing in DC
As of B of A jumping up in price it's because Warren Buffet is buying $5 billion dollars of preferred B of A stocks. Earlier this week he had a meeting with big O at Martha's Vineyard regarding economy and how to improve it. Yesterday I was surprise by the revelation that JP Morgan may take over B of A. So I was thinking what if big O and Buffet talked about getting into B of A before the government iron out all the rules for JP Morgan to take over? Warren then can exchange his preffered B of A stocks to JP Morgan's making big profit.
@horseguy that is precious
Can you new mufuckas just shut the fuck up? Go to Turd's site or something with your diarrhea associated posts. You aren't winning votes with your bogus associated posts... And people who pester the board with retarded questions over and over, ya'll have to be disinformation agents. Fuck off. Should I name names?
Matson: What is the average velocity (and standard deviation) of an unladen swallow?
Three words: Matson's a moron. (Hmmm, is that four words?)