Hello hm, today's report, I bought gold during HK morning at usd 1,780 levels, reclaiming the faithlessly off-loaded allocation during the past few days. I am back up to the high watermark, even as some capital had been redirected to platinum. Iow, I am even more faithful to the essential metals than earlier when holidaying.
I am being rewarded now by much dollars per Troy oz.
Perhaps I shall also be tested by fire soon enough.
Let us hope not.
The trouble with temptation is that i cannot resist them.
I keep trying and failing. But I do try.
In the mean time, just cleared from very full n jammed e-mail trays.
On 18 Aug, 2011, at 8:18 PM, J wrote:
I must give thanks to all, for given this morning's hesitation triggered by sean's note on "I do not like anything", and the round n round of soul-searching, I found the answer and had renewed my faith, and at this hour I have been rewarded with a gain that strengthens psychological resolve promising to be true.
Perhaps I shall be even better mood by am when I am undergoing medical checks.
On 18 Aug, 2011, at 2:12 PM, J wrote:
i have recovered all gold sold since i started selling some after return from holidays august 7th, except for those funds that were re-directed to platinum as i betrayed gold, trying to be 'smart'
am now giddy with anticipation
sensing a perturbation in the force
should i buy more of anything, i would have uncharacteristically use leverage
and might have to do that
in order to be one with the faith
to stand the trial by fire, etc etc
besides, am heading for full 4-hrs physical tomorrow followed by taking a camera up my bum next friday
so, might as well wager per what the heck
?? r
????? 2011?08?18? (??) 12:55 PM
??? Re: don’t like anything here - re-calibration / modulation / re-alignment
more heads up-
CARACAS, Aug 17 (Reuters) - Venezuelan President Hugo Chavez said on Wednesday he plans to nationalize the gold sector, including extraction and processing, and use the production to boost the country's international reserves.
The socialist leader said he would carry out the nationalization through a decree to be issued in the coming days and called on the military to help control the sector.
"I have here the laws allowing the state to exploit gold and all related activities. That is to say, we're going to nationalize the gold and we're going to convert it, among other things, into international reserves because gold continues to increase in value," he said in a call to state television.
The announcement comes a day after an opposition legislator revealed a report showing the government's top finance officials were recommending the repatriation of 90 percent of Venezuela's gold reserves held abroad.
On Aug 17, 2011, at 9:17 PM, J wrote:
heads up, eerie, scary, delicious, because sooooo predictable that we should have predicted it
cnbc.com
"
US Inquiry Eyes S&P Ratings of Mortgages
The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.
The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month, but it is likely to add fuel to the political firestorm that has surrounded that action. Lawmakers and some administration officials have since questioned the agency’s secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations. ..."
?? J
????? 2011?08?18? (??) 11:03 AM
??? ??? don’t like anything here - re-calibration / modulation / re-alignment
productive first hour, hkex up 6% finance.yahoo.com
unjustly rewarding
all hail new sovereign
we salute you mr li future leader of the middle kingdom, with dominion over the continents
forgive us for our daily bets
we follow you till kingdom come
amen
second thought, was thinking, almost unforgivable, to (whisper) sell gold
didn't
may have to instead (shout) GETMUCHMOREGOLDBYLEVERAGEIFIDARE
?? J
????? 2011?08?18? (??) 10:19 AM
??? RE: don’t like anything here - re-calibration / modulation / re-alignment
heads-up
i had done Message 27548734 on 2011 08 05
"We bought last bloody night in ny time and we bought this bloody morning in hk time. The usual suspects, nly, gdx, mcd, paas, gold, and the losing pt trade, along with shares of HKEX (0388). We like PT whenever it is close in price to AU, whatever the pricing, as in now."
Re HKEX (0388), now let us watch the space where the many shall progressively engage with, hook up to, and feed the core to nourish the apex
bloomberg.com
(i) question: what does technical analysis say about HKEX? any one read their balance sheet?
issue: are there better plays than hkex to wager for the enthusiasm by mainlanders for all manner of dreams in hkg? sure, of course there are ... icbc ... boc ... whatever
(ii) question: are there safer wagers than hkex?
that is besides the AAA+ rated USA TIPS yielding 3+% with a China-play equity-kicker and wrapping in also an insurance against USA/UK/EC tyranny, that which is a/k/a hong kong real estate, i doubt there are safer plays.
cheers, jay
p.s. in the mean time, some bad news re funding pressures per attached hereunder
?? J
????? 2011?08?18? (??) 9:02 AM
??? RE: don’t like anything here - re-calibration / modulation / re-alignment
Hello s, h, and all members of this fellowship, please give the questions a think for I certainly value all of your takes as well as instincts:
Generally macro / instinct / fundamental / technical, buy / sell / or hold, after considering whatever you generally consider and perhaps taking in also (a) traditional year-end rally, (b) traditional presidential cycle, (c) traditional China soft-landing / refueling / take-off once again, (d) traditional Japanese currency intervention, (e) neo-European save-the-day / kick-the-can ?
should we "go go go and keep going"? should we "stop stop stop and dial 1.800.get.me.out"?
we cannot do "nothing", surely, or must we do "absolutely nothing, stay put, stay quiet, and be perfectly still"?
my itch is to take the money and run for dear life, trade in the out-and-away direction, but am looking at all the traditionals and the neo factors, and am hesitating BIG TIME.
As starting end July I was uncharacteristically positioned just so, so that i might holiday well. My holiday went more well than i had figured:
2% paper cash (84/16 hkd vs cad)
36% paper n physical metal cash (56/30/14 AU/PT/AG, 38/62 physical/paper)
24% equity ( 21/27/41/10 mining/energy/other/Pe)
39% HK rentals (I treat HK rentals as AAA USA TIPS bonds yielding 3+% w/ an equity option kicker)
The mining component is comprised of the likes of gdx, paas, abx cjj, fcx and their short put / short covered call options.
The energy component is comprised of some long-held Canadian plays.
The “Other” component is comprised of MCD, NLY, and such and their shorted options.
gentlemen and comrades, we must now think! for the cities are beginning to burn.
attached is earlier sent sampling of odd n ends of options we can consider before stepping into the time machine for a destination unknown.
as earlier mentioned, we read history at school, forgot much except what might be really important, and now, ready or not, we shall learn about fate and experience destiny, i fear.
cheers to all, j
?? S
????? 2011?08?18? (??) 6:13 AM
??? don’t like anything here
Hi S,
I thought you'd be interested in this note we sent to clients earlier today.
This report examines the top end of Q2'11 holdings and the top Q2'11 inflow/outflow targets of "fundamental" hedge funds. We review the sector-level trends and include a variety of company-specific tables.
See the complete report:
insiderscore.com ...
While there are some differences in sample criteria, we believe there will be high overlap with the list of companies in the report and the "Hedge Fund VIP list" published later this week by Goldman Sachs.
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INSIDERSCORE PROVIDES LEADING 13F MONITORING / ANALYSIS
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I'd love to talk to you about how we can help you monitor and analyze institutional activity. If you were a client you would have received our Institutional and SuperFund Tearsheets earlier this week. These 1-Page reports are sent shortly after funds file with the SEC and include their most notable buying and selling activity.
If you follow other institutions, we're confident these new views will provide for better analysis in the fastest manner possible.
REPLY to this email to create tearsheets for the managers you care about. Be one of the first to analyze their quarterly moves.
Best regards,
P
From: H
Sent: Wednesday, August 17, 2011 2:35 PM
Subject: Re: Comments - Week of August 15 - it is over
Ultimately, fiat money is at the root of all this evil. It has made this welfare statism with its perverse incentives and moral degradation possible.
On Wed, Aug 17, 2011 at 9:25 AM, J wrote:
no arguments from me ... jewishworldreview.com according to mark
Jewish World Review August 15, 2011 / 15 Menachem-Av, 5771
Lessons for us from London in flames
By Mark Steyn
jewishworldreview.com | The trick in this business is not to be right too early. A week ago I released my new book – the usual doom 'n' gloom stuff – and, just as the sensible prudent moderate chaps were about to dismiss it as hysterical and alarmist, Standard & Poor's went and downgraded the United States from its AAA rating for the first time in history. Obligingly enough they downgraded it to AA+, which happens to be the initials of my book: After America. Okay, there's not a lot of "+" in that, but you can't have everything.
But the news cycle moves on, and a day or two later, the news shows were filled with scenes of London ablaze, as gangs of feral youths trashed and looted their own neighborhoods. Several readers wrote to taunt me for not having anything to say on the London riots. As it happens, Chapter Five of my book is called "The New Britannia: The Depraved City." You have to get up pretty early in the morning to beat me to Western Civilization's descent into barbarism. Anyone who's read it will fully understand what's happening on the streets of London. The downgrade and the riots are part of the same story: Big Government debauches not only a nation's finances but its human capital, too.
As part of my promotional efforts, I chanced to find myself on a TV show the other day with an affable liberal who argued that what Obama needed to do was pass another trillion-dollar – or, better yet, multi-trillion – stimulus. I think not. The London rioters are the children of dependency, the progeny of Big Government: they have been marinated in "stimulus" their entire lives. There is literally nothing you can't get Her Majesty's Government to pay for. From page 205 of my book:
"A man of 21 with learning disabilities has been granted taxpayers' money to fly to Amsterdam and have sex with a prostitute."
Hey, why not? "He's planning to do more than just have his end away," explained his social worker. "Refusing to offer him this service would be a violation of his human rights."
Why do they need a Dutch hooker? Just another hardworking foreigner doing the jobs Britons won't do? Given the reputation of English womanhood, you'd have thought this would be the one gig that wouldn't have to be outsourced overseas.
While the British Treasury is busy writing checks to Amsterdam prostitutes, one-fifth of children are raised in homes in which no adult works – in which the weekday ritual of rising, dressing and leaving for gainful employment is entirely unknown. One-tenth of the adult population has done not a day's work since Tony Blair took office on May 1, 1997.
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If you were born into such a household, you've been comprehensively "stimulated" into the dead-eyed zombies staggering about the streets this past week: pathetic inarticulate subhumans unable even to grunt the minimal monosyllables to BBC interviewers desperate to appease their pathologies. C'mon, we're not asking much: just a word or two about how it's all the fault of government "cuts" like the leftie columnists argue. And yet even that is beyond these baying beasts. The great-grandparents of these brutes stood alone against a Fascist Europe in that dark year after the fall of France in 1940. Their grandparents were raised in one of the most peaceful and crime-free nations on the planet. Were those Englishmen of the mid-20th century to be magically transplanted to London today, they'd assume they were in some fantastical remote galaxy. If Charlton Heston was horrified to discover the Planet of the Apes was his own, Britons are beginning to realize that the remote desert island of "Lord Of The Flies" is, in fact, located just off the coast of Europe in the northeast Atlantic. Within two generations of the Blitz and the Battle of Britain, a significant proportion of the once-free British people entrusted themselves to social rewiring by liberal compassionate Big Government and thereby rendered themselves paralytic and unemployable save for nonspeaking parts in "Rise of The Planet Of The Apes." And even that would likely be too much like hard work.
Here's another line from my book:
"In Britain, everything is policed except crime."
Her Majesty's cowed and craven politically correct constabulary stand around with their riot shields and Robocop gear as young rioters lob concrete through store windows to steal the electronic toys which provide their only non-narcotic or alcoholic amusement. I chanced to be in Piccadilly for the springtime riots when the police failed to stop the mob from smashing the windows of the Ritz and other upscale emporia, so it goes without saying that they wouldn't lift a finger to protect less-prestigious private property from thugs. Some of whom are as young as 9 years old. And girls.
Yet a police force all but entirely useless when it comes to preventing crime or maintaining public order has time to police everything else. When Sam Brown observed en passant to a mounted policeman on Cornmarket Street in Oxford, "Do you know your horse is gay?", he was surrounded within minutes by six officers and a fleet of patrol cars, handcuffed, tossed in the slammer overnight, and fined 80 pounds. Mr. Brown's "homophobic comments," explained a spokesmoron for Thames Valley Police, were "not only offensive to the policeman and his horse, but any members of the general public in the area." The zealous crackdown on Sam Brown's hippohomophobia has not been replicated in the present disturbances. Anyone who has so much as glanced at British policing policy over the past two decades would be hard pressed to argue which party on the streets of London, the thugs or the cops, is more irredeemably stupid.
This is the logical dead end of the Nanny State. When William Beveridge laid out his blueprint for the British welfare regime in 1942, his goal was the "abolition of want" to be accomplished by "co-operation between the State and the individual." In attempting to insulate the citizenry from life's vicissitudes, Sir William succeeded beyond his wildest dreams. As I write in my book: "Want has been all but abolished. Today, fewer and fewer Britons want to work, want to marry, want to raise children, want to lead a life of any purpose or dignity." The United Kingdom has the highest drug use in Europe, the highest incidence of sexually transmitted disease, the highest number of single mothers, the highest abortion rate. Marriage is all but defunct, except for William and Kate, fellow toffs, upscale gays and Muslims. From page 204: "For Americans, the quickest way to understand modern Britain is to look at what LBJ's Great Society did to the black family and imagine it applied to the general population."
I believe it is regarded as a sign of insanity to start quoting oneself, but at the risk of trying your patience I'll try one more, because it's the link between America's downgraded debt and Britain's downgraded citizenry:
"The evil of such a system is not the waste of money but the waste of people."
Big Government means small citizens: it corrodes the integrity of a people, catastrophically. Within living memory, the city in flames on our TV screens every night governed a fifth of the Earth's surface and a quarter of its population. When you're imperialists on that scale, there are bound to be a few mishaps along the way. But nothing the British Empire did to its subject peoples has been as total and catastrophic as what a post-great Britain did to its own.
There are lessons for all of us there.
?? r
????? 2011?08?17? (??) 1:23 PM
??? Re: Comments - Week of August 15
What qualifies as Nutritional anyway?
In Zurich and will check the well known Big Mac Index/report back on Starbuck latte prices-
which are the highest on the planet as far as I can tell (Jay do not move here:)
On Aug 16, 2011, at 9:55 PM, M wrote:
"Getting the word out?" Really?
M
foxnews.com
SNIP:
Agriculture Secretary Tom Vilsack said Tuesday that the reason so many people are on food stamps is the administration has done a better job helping states get "the word out" about the decades-old program.
The number of people on food stamps has been growing to record levels for 30 straight months. The latest report from the Agriculture Department showed nearly 46 million people -- or one in seven Americans -- were enrolled as of May in what's formally called the Supplemental Nutrition Assistance Program.
"It's the most direct stimulus you can get into the economy during tough times," Vilsack said, claiming every dollar in food stamp spending generates $1.84 in economic activity. The total cost of the program in May was over $6 billion
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