January 29, 2010
- Got Money Market? Too Bad.
“I’m not worried about the return ON my money. (…)
September 3, 2009
July 17, 2009
- Don't Overestimate Gensler & "Position Limits" on Gold and Silver
Mr. Gensler feels the need to impose position limits because he's worried that the Chinese or the Russkies might swoop in to the Crimex metal pits, buy a lot of contracts, and request actual physical delivery. This would ruin the game for Gensler's Wall Street buddies. (The darn Asians might even object to the hokey ETF physical delivery and do something unkind like sue for specific performance.) So Da Boyz have to move out in front of this problem and change the rules pre-emptively.
March 25, 2009
- Ignore that Man Behind the Curtain—Buy Gold
This is my Tuesday After Lunch Money Memo newsletter from yesterday. Apparently a lot of people liked it, so I thought I'd share it more widely. Let me know what you think by commenting below or by signing up! (…)
February 26, 2009
- Top Ten Reasons NOT to own the Gold ETF (GLD)
"Given that the stated amount of gold in the GLD Trust has grown to over 850 tonnes, it appears that a lot of investors believe that investing in GLD is the same thing as buying physical gold bullion. (…)
January 27, 2009
- PROOF OF US MONETARY AND GOLD PRICE MANIPULATION
This article was on www.lemetropolecafe.com from today. Maybe some of the dollar-bugs will see it, and start to change their minds about whether gold is rigged or not. (…)
December 30, 2008
- Financial Review of 2008; Resolutions For 2009
The Wall Street investor who survived mustard gas and pepper spray this year is now a seasoned veteran. (…)
December 9, 2008
- Tuesday After Lunch Money Memo: MYRRH-MURRINGS OF COMMODITIES
At the granite conference table in the upscale offices of Pasadena ad agency, Batton Barton Durston and Packaloomer, CEO Bob Jelly said to the participants, "What say we go around the table and you people give me your thoughts on the new Myrrh company account the agency just brought in. I want high concepts here, people."
Judith, the firm's researcher, began with, "Well, the dictionary says Myrrh is a yellowish brown aromatic gum resin with a bitter, slightly pungent taste usually obtained from an East African tree. Other than some gifting by a few alleged Wise Men 2000 years ago, there's very little modern usage."
Skip, the firm's Account Executive and Chief Hustler, said, "Well, then we've got the religious folks. We could try a bitter gum for bored teens. And there's always golfers."
Dexter, another A.E., piped in with, "Perhaps we could get parents to trample each other entering a department store to buy the new 'Myrrh Wars' video game."
Grace, the A.E. (…)
December 2, 2008
- Tuesday After Lunch Money Memo - Bears Had Thanksgiving, Bulls Have Christmas
The media don't have nearly enough Paris/Brittany/Lindsay news to distract us right now from our "problematic markets."
Big media usually only cover things that encourage shopping 24/7, unless the news is absolutely in front of their faces. (…)
October 3, 2008
- Goldman Sachs No Longer Short
Dear Fellow Investor:
Below is an analysis by Adrian Douglas, a guy I've met, and who runs www.marketforce.com, a serious analytical outfit. IF…IF… GS (more affectionately known in the business as Hannibal Lecter) is now actually long gold after BS'ing their clients for years about selling gold or even shorting gold…the result could be that prices of gold and shares that have been dumped by a zillion hedge funds and mutual funds…are poised for an explosion. This would create a total reversal of the thinking of every "gold-is-a-barbarous-relic" Wall Street MBA who has now looked around and realized that normal "diversification" didn't do squat to help them on the 777 down day on Monday, and that maybe, just maybe there's something to this gold as an insurance policy story. (…)
September 17, 2008
- Breaking News: Lehman To Be Acquired by Tooth Fairy
I can't improve on the sentiments of this one from www.321gold.com:
Author - Anonymous
Posted Sep 16, 2008
The market responded with enthusiasm to reports that the Tooth Fairy has agreed to acquire Lehman. (…)
February 28, 2008
- Hedge Funds, the New Beatniks
Hedgies these days are racing into commodities. Even big institutional institutions, such as Cal Pers, are rushing into commodities. CalPers and Cal State Teachers Pension Funds are trying to get their allocation up to $7.5 Billion in their centabillion endowments. Where have these people been? The rise in commodity prices began in the first quarter of 2001. The cut rate Greenspan plan of the 2001-03 era spawned a multitude of raw material price spikes. There were articles on the web. Morningstar dug up its old research in the early 1980s showing that bull equity markets and bull commodity markets were inverse…and we'd just done a half gainer off of the Y2K tower, splat onto the pavement. Where were all these brilliant MBA and PhD types, the financial rocketeers of our time, with all their brilliant computers and the ability to type out a quadrillion number without breaking into an emotional sweat. Huh? Where? (…)
January 3, 2008
- What About Gold?
Oil hits $100 a barrel, and that's all the media can talk about. ONE story a day with bad news in it, that's the limit. Mr. (…)
October 12, 2006
- Robert Newman's History of Oil
Non-hierarchical comedian Robert Newman addresses a Brit audience and makes the history of oil actually interesting as well as informative. He charged money for this? (…)
