Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Gold Bug

Like Tree4Likes

Reply
 
LinkBack Thread Tools
Old 05-02-2012, 11:13 AM   #1
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
Latest amusing maintstream hack job!

http://finance.yahoo.com/news/gold-o...3Rpb25z;_ylv=3

The most amusing part was:
"Gold prices fell on Wednesday along with the euro as U.S. factory orders data helped the dollar extend early gains and as speculation faded that the Federal Reserve is set for another round of monetary easing."

I don't know what factory data they are talking about when this article shows us at three years lows for factory orders:
http://finance.yahoo.com/news/factor...140302461.html

__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 05-02-2012, 11:15 AM   #2
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Ummmm.........Yahoo Finance........that kind of says it all!

I love it when I read those dumbass headlines every day on sites like Bloomberg and MarketWatch. "Stocks up on european optimism", "Stocks set to slide over Greece fears", blah, blah, blah. These guys just write whatever they want and dare us to disprove it.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 05-02-2012, 11:24 AM   #3
Yellow Jacket
 
DCFusor's Avatar
 
Join Date: Nov 2011
Location: Floyd, Virginia
Posts: 1,682
Liked: 1233 times
Cutting them a tiny amount of slack, but I used to write for magazines - monthly. Believe me, it's hard to come up with *good* content all the time, and never miss a deadline. These guys have that to an extreme - it's tough.

Since I know a couple of the BBerg crew, I find it amazing they last as long as they do. Some of them are live before the sun comes up, and well after it goes down - they must live on naps during the day and night. It must take a lotta stimulants to do that, and some of us know they do kinda rot the brain - borrowing life ahead at usurious rates just isn't a great deal, and paybacks are hell.

So, they count on a couple of things - a stopped clock being right once in awhile, and the very short memory of most people - traders *especially*. If you were ever right - you can always pull from the archives and say I told you so, (ZH) - or if wrong, just let people forget, and keep dazzling them with BS. And you can always use "fundamental analysis" and "lets look at long term trends" without making any predictions and get away with that.

They're not allowed to have skin in the game (theoretically, but that reaction to the appl pop was telling indeed). I get a heck of a lot more excited with some other commentators I watch who say things like "I'm putting this trade on now" - as Kyle said, the "give a shit" factor is far higher then - and I plot their track records along with my own to see if I should bother with listening to them. Those who tend to do well, I might shadow their trades too...those who are consistently wrong, well, that's input data at the least.

Someone awhile back compared trading results for those with the TV on vs having it off. Off made more money. The ones that at least take the effort to type (rather than talk) at me - are more worth paying attention to.
ancona and rblong2us like this.
DCFusor is offline   Reply With Quote
Old 05-02-2012, 01:56 PM   #4
Moderator
 
Join Date: Oct 2011
Posts: 1,059
Liked: 459 times
I thought this post was going to be about Paul Krugman... Carry on..
DSAbug is offline   Reply With Quote
Old 06-01-2012, 08:01 AM   #5
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
Today's edition:
http://finance.yahoo.com/news/gold-h...040052873.html

Most amusing part is the guy's complaint of:

“Everything is debt- and liability-driven,” he said. “Gold has no debts or liabilities attached to it.”


Thats a bad thing?!
__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 06-01-2012, 08:35 AM   #6
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2443 times
If it's not part of the Ponzi, it's part of the problem. lol.
bushi likes this.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is online now   Reply With Quote
Old 06-01-2012, 01:26 PM   #7
Fly on the wall
 
Join Date: Feb 2012
Location: Houston, Texas
Posts: 52
Liked: 6 times
Well it's apparent that the USD is getting stronger just because the euro is falling...just like a see-saw effect. If demand for euro fall, demand for dollars go up: that's the simple formula. But this won't continue for long as the U.S debts are simultaneously increasing and inflation are too. I found a recent news that BCBS is considering to make gold a Tier 1 asset for commercial banks with 100% weighting rather than a Tier 3 asset with just a 50% risk weighting.
If this decision comes into effect, major institutional will start a buying spree and gold prices will just....boom
kjansen1969 is offline   Reply With Quote
Old 06-02-2012, 05:35 PM   #8
Predaceous stink bug
 
white&yellow999's Avatar
 
Join Date: Nov 2011
Location: USA
Posts: 239
Liked: 98 times
New mainstream article ... pretty amusing IMO.

http://www.bloomberg.com/consumer-sp...ld.html#slide1
white&yellow999 is offline   Reply With Quote
Old 06-04-2012, 09:27 AM   #9
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
http://finance.yahoo.com/news/buying...120900051.html

"...the U.S. remains the largest manufacturer in the world."

"What's notable is the lack of inflation in the U.S. economy."

"Gold is in a bear market and QE3 will not save it."


__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 06-04-2012, 01:14 PM   #10
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
It seems there is intent to tear down the reputation of gold today.

Yet another hack job today:
http://finance.yahoo.com/news/much-g...040100747.html

"Still others view gold as "real money"—the one thing that will hold its value if governments create so much new currency that those currencies lose their value. Taken to its logical conclusion, this means governments would eventually agree to once again use gold as the basis for their currencies, says James Swanson, chief investment strategist at MFS, a mutual-fund company.

That is a fantasy, he argues, because some powerful nations have relatively little gold and some gold-rich nations have little power."
__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 06-04-2012, 01:20 PM   #11
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Where do they find these ass clowns?
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 06-04-2012, 04:30 PM   #12
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2443 times
Originally Posted by benjamen View Post:
It seems there is intent to tear down the reputation of gold today. ...
Wouldn't want folks running to gold when QE is eventually announced.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is online now   Reply With Quote
Old 06-04-2012, 08:24 PM   #13
Yellow Jacket
 
DCFusor's Avatar
 
Join Date: Nov 2011
Location: Floyd, Virginia
Posts: 1,682
Liked: 1233 times
I find it interesting to discover anomalies in various media - they are more telling (to me) than anything in MSM....

For example, when all the news on NPR is financial - man, there's something very wrong in the world of finance - but they anticipated the crash and explained it long before CSNBC types did.

When I hear slashdotters talking about revolution, vs which linux distro is going to win the hearts and minds - that's significant too.

And when I see this at the Register...well, draw your own conclusions:
http://www.channelregister.co.uk/201...sion_strategy/

It's not like they don't have plenty else to talk about, or that finance is their main bag, you know.
DCFusor is offline   Reply With Quote
Old 06-12-2012, 12:56 PM   #14
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
The latest "expert"
http://finance.yahoo.com/blogs/break...160328165.html

No one pay attention to the fact that their "expert" is an executive for a firm that focuses on banking, equities, and annuities:

https://www4.harrisbank.com/wealth/0...617540,00.html

__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 06-12-2012, 04:31 PM   #15
Ground Beetle
 
Join Date: Oct 2011
Location: Here, There, and Everywhere
Posts: 633
Liked: 388 times
Originally Posted by DCFusor View Post:
...those who are consistently wrong, well, that's input data at the least.
Being consistently wrong is as valuable as being consistently correct - You just take the other side of the trades and you consistently make a fortune.



Originally Posted by benjamen View Post:
"That is a fantasy, he argues, because some powerful nations have relatively little gold and some gold-rich nations have little power."
Guess that would mean the gold-sparse nations would lose whatever power they have and the gold-rich nations could dictate to the world.
__________________
If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.


http://mmerlinn.com

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
- Norm Franz
mmerlinn is offline   Reply With Quote
Old 06-28-2012, 09:43 AM   #16
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
Gold is quickly going to go to $700:
http://finance.yahoo.com/news/gold-e...110821349.html

"It appears that the market has decided on gold's fate. And it's not looking pretty. It looks like gold is about to see prices collapse and is on its way to $700,"

__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 06-28-2012, 10:05 AM   #17
Predaceous stink bug
 
Join Date: Jun 2012
Location: In the middle
Posts: 179
Liked: 42 times
Maybe I can afford some gold then.
69mach351 is offline   Reply With Quote
Old 06-28-2012, 11:07 AM   #18
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Originally Posted by benjamen View Post:
Gold is quickly going to go to $700:
http://finance.yahoo.com/news/gold-e...110821349.html

"It appears that the market has decided on gold's fate. And it's not looking pretty. It looks like gold is about to see prices collapse and is on its way to $700,"

I say BooYAA! Gold at 700 will find an absolute dearth of sellers. Just as you could not find a fucking ounce at 14 when silver collapsed because of massive risk unwinds to make margin calls in '08 - '09, you will not find any when it happens again.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 06-28-2012, 12:00 PM   #19
Ground Beetle
 
Join Date: Oct 2011
Location: Here, There, and Everywhere
Posts: 633
Liked: 388 times
Originally Posted by ancona View Post:
I say BooYAA! Gold at 700 will find an absolute dearth of sellers. Just as you could not find a fucking ounce at 14 when silver collapsed because of massive risk unwinds to make margin calls in '08 - '09, you will not find any when it happens again.
And when you do find sellers, the premium will be sky high.
__________________
If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.


http://mmerlinn.com

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
- Norm Franz
mmerlinn is offline   Reply With Quote
Old 06-29-2012, 06:08 AM   #20
Ground Beetle
 
bushi's Avatar
 
Join Date: Nov 2011
Posts: 971
Liked: 554 times
Originally Posted by mmerlinn View Post:
And when you do find sellers, the premium will be sky high.
...which makes you think: what's wrong with the "official" mechanism of Gold/Silver price discovery? What, manipulation??? What, "paper" gold/silver?? What, short selling, naked shorts, futures???

"Spot" price, by definition, should be something around the price, where there is an equilibrium of seller/buyers, nah? But that is just sooo naive and boring point of view. So down to earth.
bushi is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Latest London Gold Market Report Renewed Investor Gold Bug 10 05-21-2012 08:34 AM
Latest MaxKaiser's report is both good and hilarious bushi STS 0 04-02-2012 07:06 AM


All times are GMT -5. The time now is 10:19 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.