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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (7114)	11/16/2007 9:35:26 AM
From: micdundee2	Respond to of 50538

"Bernanke is bluffing... tough talk, press conferences." he will always bluff... while 'helicopter' money, printing presses, 'zero-interest rate' policy is all he knows to do weimar USA here we come

To: SliderOnTheBlack who wrote (7114)	11/16/2007 9:38:06 AM
From: kaydee	Respond to of 50538

Another very good post. Thanks... IMHO, as fas as Bernanke decision is concerned, as someone said, "It is not a rocket science. Two issues are staring him right in front of his own eyes. One is record energy prices & the other is rapid dollar depreciation." With these two in mind, if he is a man (Not a girly man, as per Kalifornia governor), he should prepare the market for no rate cuts, well into 2008. Mind you, it is not that, equities have collapsed, say like atleast 20-30%, or home prices (in non bubble areas), have collapsed like 20% or more. In areas like Stamford, CT home prices have hardly budged, yes hardly!!!, after doubling in the past 6-7 years. I heard the situation is same in Manhattan...

To: SliderOnTheBlack who wrote (7114)	11/16/2007 12:38:03 PM
From: RonMerks	Read Replies (1) \| Respond to of 50538

The Evil of Bankers & Government- They passed the new bankruptcy act right before Greenspan created this credit bubble. Now that it's collapsed, even people who are forced to file bankruptcy for medical reasons can not escape garnishment for foreclosures when they loose a house- or even for credit card debt. Read this horror story. They are now garnishing social security and pension checks. finance.yahoo.com They knew exactly what they were doing on this credit bubble. Bankers got record earnings, salaries and bonuses. Then when the bust comes- government bails them out with our tax dollars,and then the dirty bastards go after little old ladies social security checks even post bankruptcy! Screw the 'revolution'- we need a damn REVOLT! Ron

To: SliderOnTheBlack who wrote (7114)	11/19/2007 2:08:39 AM
From: Wayne Campbell	Respond to of 50538

I think it was Jimmy Rodgers who replied to a question on how he was able to pick stocks. "I don't pick stocks....I simply wait till there is a pile of cash sitting in the corner and I just go over and pick it up" (paraphrased). The Macro view of gold or the Jimmy Rodgers school of trading was to buy assets in 1999, 2000, 2001 that due to the extreme pessimism toward gold at the time, were valued at close to 0 in any currency. You accumulated these stocks and didn't get too excited until until they began approaching triple baggers and more. And then it was a simple matter of picking up your pile of cash, as the market provided it. Later on, one could continue to find undervalued gold projects, as well as associated base metal, uranium, etc. assets, however it seemed there was some value attributed to these projects and some risk had to be taken in hoping that the value of these assets would not revert back to 0. It was still quite possible however to pick up piles of cash on a frequent basis. Today, one must take a significant amount of risk. It is quickly becoming a game of not waiting to pick up cash, but scalping off trends that can traditionally be found in blue chip stocks, currencies, growth stocks, options, pork bellies. Truely undervalued assets are becoming difficult to find, but they still do exist. You must go to the smaller mining stocks, and buy like Warren Buffet would buy....buy the managment, buy assets that are seeming hidden from the mainstream, buy technical smarties and promotional dummies. On a Macro basis the gold sector is becoming long in the tooth. It has a way to go yet, but the 1000 and 2000 percent gainers are mostly gone now. Buying at nearly no risk has become very difficult. It was very easy to buy mining stocks for close to what cash they had in their treasury in 2000/2001, with the world class but dormant metal projects thrown in nearly for free. Definitely gone today. Time to look for another poker table...one that is dusty with chipped edges, but is well made and sturdy....something of value that will come back into vogue. Something to buy and store away until the world starts pounding down your door to sell it back to them. This is the Warren Buffet way...it leaves him time to appreciate the finer things in life and helps him chase Bill Gates for numero uno. By all means hold some gold assets and other rare commodities as a hedge against inflation...this seems more important today than ever before in recent memory. wc