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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (65326)	8/13/2010 11:31:29 PM
From: carranza2	Respond to of 218095

Some biblical lessons need to be re-learned ;0) Indeed. The trenchant question, what kind of mismanagement led the school system into a $750 million pension deficit, seems to be almost peripheral to the discussion. Buying derivatives (playing with fire) to play catch up is insane, as bad as the original misstep. Or worse, for who pays if the game goes the wrong way? I suspect the pension fund does. These are teacher's pensions, for the sake of all that's holy. Teachers do wonderful and important work, are underpaid, do their duty for the love of it, and some moron in a $3K suit plays with their old age moolah? There is a crime here and, if not, one needs to be invented. I feel bullish. The time for gold is near. Wholeheartedly agree. The Force is very strong, can almost be cut with knife. A very propitious time for the birth of a child. Tomorrow, 8/14, is my son's birthday. Perhaps we'll have an interesting coincidence.

To: TobagoJack who wrote (65326)	8/14/2010 2:35:42 PM
From: carranza2	Read Replies (1) \| Respond to of 218095

I feel bullish. The time for gold is near. I do, too. Although silver has many useful industrial applications, and the economic recovery is non-existent, anemic, whatever, the short position on it is huge. This suggests a bit of a squeeze is possible. I may go long silver in a smallish way to pick up a scalp or two, see if my mojo works. v3.caseyresearch.com The Commitment of Traders report showed almost no change in silver. The Commercial net short position rose by a very small 210 contracts... and now sits at 52,753 contracts... which [multiplied by 5,000] comes to 263.8 million ounces. The '4 or less' bullion banks are short 227.6 million of that amount... and the '8 or less' bullion banks are short 304.7 million ounces. On a net basis [once all the spread trades are removed] these '8 or less' bullion banks are [conservatively] short 64% of the entire Comex silver market. caseyresearch.com

To: TobagoJack who wrote (65326)	8/15/2010 11:13:44 AM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 218095

hello carranza2, we must not bother with the unimportant Yes, let's talk gold, oil, USD Treasuries, Russia, Iran and the grand game of geopolitics in the context of the three- dimensional and even grander game of macro-economics. Now that Putin is sending nuclear fuel to the Iranians, the issue of an attack on their facilities is in my mind front and center on the global geopolitical front for it is absolutely clear that weapons will be shortly, within a year or so, produced. O![bama] for various and sundry reasons that I don't have the time to discuss will not take steps to effectively stop the Iranians. The nuclear-armed Iranians are an existential threat to Israel. NB: it is absolutely amazing that a member of the UN declares this threat against another member and essentially nothing is done to condemn such a barbaric threat. But I am getting away from my point. Israel will be forced to respond before it suffers a catastrophe. It is lead by a man who has the spirit to respond aggressively. I think it is inevitable that Israel will attack, with or without an OK from the US. In fact, given the current Admin., it would do well for security reasons to present O! with a fait accompli. Gold and oil will go crazy; stock markets will crash. Interest rates should rise. In fact, I am in view of this, seriously re-thinking my so-far nicely profitable Treasuries positions. Might go Swissie instead for all this chaos to be cannot be good for the USD. It will be a minor taste of TEOTWAWKI. The only thing we can do is get ready. As minor inconsequential players, we can profit. I know this sounds horrible, but what else is there to do?