I'm looking to add to these type miners that Bill has mentioned in the past (at higher levels) as long as the fundamentals haven't changed. But prices surely have over the last year. Today was a big step in the right direction for most PM stocks.
I was lucky enough to listen to Bill last month on UXG and double down in the low $3s
Today I attended the special meeting for US Gold and Minera Andes. Us Gold meeting took place first at 4pm where the 5 proposals were reviewed and presented, all passed with 95% support. During the Minera Andes side of the meeting it passed with about high 80% support. Rob passed the chair of the meeting role over to legal to avoid conflict of interest. One interesting point in the 5 US gold proposals was a restriction of repricing options with shareholder approval, you don’t see that much these days. Shows a sense of integrity from my perspective. There was is also a proposal to allow them to move go from 250 million shares to 500 million shares which passed.
At the end of the meeting Rob announced he was doing his part for quantitative easing, he asked everyone to remain seated while his staff handed out a Zimbabwe 100 trillion dollar note, a nice touch.
In contrast, as the adjacent chart illustrates, ECRI's WLI has trended down in two distinct waves since the end of April 2010. In the summer of 2010 ECRI's co-founder, Lakshman Achuthan, denied that the first wave down in the Growth Index was signaling an imminent recession. However, in late September 2011, Achuthan announced, dramatically and categorically, that the US was tipping into recession, and that "there's nothing that policy makers can do to head it off."
Was anyone else talking about profit margins in Dec 2007 (or even a looming recession)? I think he actually underestimated the drop in financials earnings did he not?
wow ... so many Hussman haters today. Why hate someone who shares such knowledge. love to see someone here debate him on the profit margins issue (besides Bill) Hussman said the same thing about Profit margins in 2007 when S&P500 was approaching $100 in earnings like now
Also he lays out some of the best plans on solving Europe's problems that I've heard anywhere
"Here in the U.S., our broadest models (both ensembles and probit models) continue to imply a probability of oncoming recession near 100%"
It's easy to dismiss the probability of a recession because "you can't see it in the data." To some extent, that's true, provided that you restrict the data to coincident and lagging indicators - our recession concerns are driven by leading indicators that are tightly related to subsequent economic outcomes, "
On a similarly outrageous note, Bloomberg reported last week that " Bank of America , hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits... The Federal Reserve and the Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by the counterparties. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC is objecting. The bank doesn't believe regulatory approval is needed." Well, other than that it goes against Section 23A of the Federal Reserve Act , but then, the Fed can make an exemption whether the FDIC likes it or not . And that's what we've come to - government of the banks, by the banks, and for the banks (because banks are people too) .
The Bloomberg report continued, "Bank of America's holding company -- the parent of both the retail bank and the Merrill Lynch securities unit -- held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA [the FDIC insured entity], according to the data, which represent the notional values of the trades. That compares with JPMorgan's deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm's $79 trillion of notional derivatives."
The real problem, in my view, is that the transfer is clearly driven by the intent to get around capital adequacy regulations, and runs precisely opposite to the right way to create a good bank and a bad bank . It saddles the good bank - the taxpayer insured one - with the questionable liabilities, while "giving relief" to the holding company. This is really preposterous.
I'd like to see what these economic numbers look like without trillions of deficit spending by the goverMINT...
[Unfortunately, there were copywrite restrictions on the material that followed here, so I had to remove it. In this case it was an honest error by our community. The source of the copied material contacted me to note that he in fact had made an error in publishing it on his site, and you were unaware of that.
I have a great admiration for people in our world who respect the rights of others and I know everybody in this community does as well.]
thanks Bill
I keep a list of juniors you said you liked. I bought GXEXF.PK earlier this week when I saw the bigger PMs start to rally.....glad I did.
Thanks Northern Otoko
I'm looking to add to these type miners that Bill has mentioned in the past (at higher levels) as long as the fundamentals haven't changed. But prices surely have over the last year. Today was a big step in the right direction for most PM stocks.
I was lucky enough to listen to Bill last month on UXG and double down in the low $3s
Thanks to Helicopter Ben for a great day!
Anyone have an update on this miner?
looks like it may have hit bottom (price) in Dec
not mine I found on a search this am
http://goldandsilverlinings.com/?p=1844
Today I attended the special meeting for US Gold and Minera Andes. Us Gold meeting took place first at 4pm where the 5 proposals were reviewed and presented, all passed with 95% support. During the Minera Andes side of the meeting it passed with about high 80% support. Rob passed the chair of the meeting role over to legal to avoid conflict of interest. One interesting point in the 5 US gold proposals was a restriction of repricing options with shareholder approval, you don’t see that much these days. Shows a sense of integrity from my perspective. There was is also a proposal to allow them to move go from 250 million shares to 500 million shares which passed.
At the end of the meeting Rob announced he was doing his part for quantitative easing, he asked everyone to remain seated while his staff handed out a Zimbabwe 100 trillion dollar note, a nice touch.
In contrast, as the adjacent chart illustrates, ECRI's WLI has trended down in two distinct waves since the end of April 2010. In the summer of 2010 ECRI's co-founder, Lakshman Achuthan, denied that the first wave down in the Growth Index was signaling an imminent recession. However, in late September 2011, Achuthan announced, dramatically and categorically, that the US was tipping into recession, and that "there's nothing that policy makers can do to head it off."
http://advisorperspectives.com/dshort/commentaries...
CNN Cuts Off Soldier Who Voted For Paul and Spoke Out Against More War!
http://www.youtube.com/watch?feature=player_embedd...
Ron Paul brought this soldier back on stage/TV to finish what he was saying because CNN wouldn't re-interview him.
http://www.youtube.com/watch?feature=player_embedd...
I watched this unfold.....media censorship of Ron Paul is out of control
Wow Ron Paul just brought this soldier back on TV to finish what he was saying (because CNN wouldn't re-interview him.) was he cut off or not?
CNN has technical difficulties? right when a solder was about to say something positive on Ron Paul's view on the wars?
http://www.youtube.com/watch?feature=player_embedd...
try telling these citizens that paper is money
http://www.youtube.com/watch?v=7ubJp6rmUYM
funny how they use their currency to store real money
try telling these citizens that paper is money
http://www.youtube.com/watch?v=7ubJp6rmUYM
funny how they use their currency to store real money
"The Ron Paul scenario worries me too, as he is probably not aware of all the unintended consequences of his policies. "
If Ron Paul got elected my worries about the future of America would greatly diminish We would be on the path towards freedom and liberty again.
End the Fed!
Clark17,
scroll down and read: "Earnings risks"
http://www.hussmanfunds.com/rsi/psratio.htm
Was anyone else talking about profit margins in Dec 2007 (or even a looming recession)? I think he actually underestimated the drop in financials earnings did he not?
wow ... so many Hussman haters today. Why hate someone who shares such knowledge. love to see someone here debate him on the profit margins issue (besides Bill) Hussman said the same thing about Profit margins in 2007 when S&P500 was approaching $100 in earnings like now
Also he lays out some of the best plans on solving Europe's problems that I've heard anywhere
Hussman listed some evidence of a recession in his weekly. ECRI data still pointing to recession ahead
http://www.hussman.net/wmc/wmc111107.htm
"Here in the U.S., our broadest models (both ensembles and probit models) continue to imply a probability of oncoming recession near 100%"
It's easy to dismiss the probability of a recession because "you can't see it in the data." To some extent, that's true, provided that you restrict the data to coincident and lagging indicators - our recession concerns are driven by leading indicators that are tightly related to subsequent economic outcomes, "
http://www.hussman.net/wmc/wmc111024.htm
On a similarly outrageous note, Bloomberg reported last week that " Bank of America , hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits... The Federal Reserve and the Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by the counterparties. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC is objecting. The bank doesn't believe regulatory approval is needed." Well, other than that it goes against Section 23A of the Federal Reserve Act , but then, the Fed can make an exemption whether the FDIC likes it or not . And that's what we've come to - government of the banks, by the banks, and for the banks (because banks are people too) .
The Bloomberg report continued, "Bank of America's holding company -- the parent of both the retail bank and the Merrill Lynch securities unit -- held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA [the FDIC insured entity], according to the data, which represent the notional values of the trades. That compares with JPMorgan's deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm's $79 trillion of notional derivatives."
The real problem, in my view, is that the transfer is clearly driven by the intent to get around capital adequacy regulations, and runs precisely opposite to the right way to create a good bank and a bad bank . It saddles the good bank - the taxpayer insured one - with the questionable liabilities, while "giving relief" to the holding company. This is really preposterous.
"Public Will Have 5 Days To Look At Every Bill That Lands On My Desk"
http://www.youtube.com/watch?v=o5t8GdxFYBU
when Reagan was in office we had Johnny Cash, Bob Hope and Steve Jobs........
now we have no cash, no hope and no jobs
Didn't Armstrong call this a few weeks/months ago?
http://www.theglobeandmail.com/globe-investor/mark...
Could explain the crash in gold stocks if he is liquidating or being liquidated.
Are these research firms looking at different data?
edited out.
This material was copyrighted, and I have been warned twice.
Please respect my wishes --- Bill Cara
Are they looking at different data?
I'd like to see what these economic numbers look like without trillions of deficit spending by the goverMINT...
[Unfortunately, there were copywrite restrictions on the material that followed here, so I had to remove it. In this case it was an honest error by our community. The source of the copied material contacted me to note that he in fact had made an error in publishing it on his site, and you were unaware of that.
I have a great admiration for people in our world who respect the rights of others and I know everybody in this community does as well.]