Financial Balderdash

More Economic Static

2012-01-27T10:39:00.003-05:00

The final estimate of 4th quarter Gross Domestic Product portray the economy growing at a slower than expected annual rate of 2.8 percent. The median forecast of 79 economists surveyed by Bloomberg News called for a 3 percent increase. So, of course, the consensus economists were wrong as usual. Now let’s suppose we do a... Please read more at... http://www.certifiedassets.com/inv/news/more-economic-static/

Welcome to the World of QEx

2012-01-26T11:38:00.001-05:00

The Federal Reserve is going where no central bank has gone before. Yesterday it outlined a ,,, please read more at: http://www.certifiedassets.com/inv/news/welcome-to-the-world-of-qex/

Gaming the Fed; Gold Dip Just a Blip?

2012-01-25T11:11:00.002-05:00

Markets are likely to get another dose of reality later in the day once the Federal Reserve announces its latest policy statement. Here’s the outlook from CNBC. I think this paragraph sums....

please read more at: http://www.certifiedassets.com/inv/news/gaming-the-fed-gold-dip-just-a-blip/

More Reasons for Gold to Move Higher; Still, No Greece Relief

2012-01-24T10:13:00.000-05:00

1/24/12

While the price of gold is down by $10 this morning, there’s more anecdotal evidence that gold has plenty of room to the upside. First, I bring your attention to a report that Iran is going to be receiving gold for its oil from India instead of dollars. The big potential flaw in the plan is that dollar interests, namely the U.S. and its friends and families (eg NATO) are not so keen on anyone who would,,,, please click here to read more: http://www.certifiedassets.com/inv/news/more-reasons-for-gold-to-move-higher-still-no-greece-relief/

To QE or not to QE, That is the Question! Waiting on Greece

2012-01-23T11:59:00.001-05:00

1/23/12
First, I wish to bring your attention to this week’s market calendar. It’s packed with all sorts goodies. This relatively calm Monday morning will transition to a much busier week ahead.... please read more at: http://www.certifiedassets.com/inv/news/to-qe-or-not-to-qe-that-is-the-question/

RIP Joe Pa.

2012-01-22T12:12:00.003-05:00

Thanks for the lessons in reputation building and how a reputation can so quickly be flushed down the toilet. It never pays to look the other way.

Earnings Focus On Wall St; Economic Anecdotes; Gold Upward Momentum After a Brief Break

2012-01-20T12:00:00.004-05:00

Earnings season has by a large been enough of a success for Wall Street. Since the start of the flow of reports the S&P has advanced from roughly the 1280 level to its present level of 1314. That equals better than 200 Dow points.,,, please read more here: http://www.certifiedassets.com/inv/news/earnings-focus-on-wall-st/

This Won't Have a Happy Ending

2012-01-18T12:51:00.000-05:00

Another HUGE story that goes large unnoticed.

(Reuters) — The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills.

“I will be unable to invest fully” the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress.

The House of Representatives is expected to vote on Wednesday on the Obama administration’s request to raise the country’s legal debt limit to $16.394 trillion.

However, unless the lower chamber and the Senate are able to shore up enough votes to block the White House request, the debt limit will be increased by $1.2 trillion next Friday and a repeat of last year’s debt ceiling debacle will be averted.

People. Think MF Global and the 500,000 accounts that were filched. ANYthing can happen with pyschopaths desperate to keep the fiat ponzi going. You think your 401k is always going to be there? Think again.

The IMF is Gold’s Best Friend; U.S Stocks With the Biggest Exposure to Europe; No Inflation? Greece; SOPA

2012-01-18T11:03:00.003-05:00

1/18/12
Gold is off the lows of the day at about $1650. Consolidation after a strong Tuesday. Another big bullish argument for gold is the IMF and what it wants to do.

The International Monetary Fund is proposing to raise its lending
capacity by $500 billion to insulate the global economy against any
worsening of Europe’s debt crisis, according to a person familiar....

read more here: http://www.certifiedassets.com/inv/news/the-imf-is-golds-best-friend/

The Truth About Going Back to a Gold Standard

2012-01-17T15:00:00.001-05:00

It's not as hard as the pyschopath bankers want to you to believe. It would actually be simple... so simpl that it is sickening.

Citi Rhymes With… Shhhhaving Cream; European Hopes; Gold Rally’ Crude Up: Carnival Stock Slumps

2012-01-17T09:31:00.002-05:00

1/17/12
We knew the biggest of the big banks were broken. Citi has provided another shining example missing both revenue and EPS estimates by Wall Street’s esteemed teams of analysts. Were it not for a loan loss release of $1.5 billion, the reported net income number of $1.2 bln at Citi would have been negative... Please read more at : http://www.certifiedassets.com/inv/news/citi-rhymes-with/

$$ Wall Street Break; Euro Zone Mess; Gold Rising; A Packed Calendar

2012-01-16T11:59:00.002-05:00

1/16/12
On Friday, Europe got the downgrades that had been for weeks had been warned of and largely built into the markets pricing mechanism. While there was some closing market turmoil and drama Friday, Major Euro markets like the Dax, FTSE and Cac, are each trading modestly higher with gains of less than 1%. S&P... please read more here: http://www.certifiedassets.com/inv/news/wall-street-break/

The Apple Suppliers

2012-01-13T12:07:00.000-05:00

Apple releases list of suppliers, represents 97% of procurement expenditures for materials, manufacturing, assembly in 2011.
• List includes: Broadcom, Advanced Micro, Intel, Sony, Analog Devices, Elpida Memory, Cypresss Semi, Flextronics, Intersil, Fairchild, Hon Hai Precision Industry, LG Dislpay, Marvell, Maxim Integrated, Qualcomm, Panasonic, Samsung, Toshiba, Nvidia, ON Semiconductor, Western Digital, TriQuint, Texas Instruments, STMicroelectronics, Skyworks, Seagate, SanDisk, Renesas

JPM Morgan Misses; European Woes; The Singularity

2012-01-13T10:48:00.001-05:00

Friday the 13th
1/13/12
JP Morgan missed revenue estimates and barely met profit expectations. Revenue dropped 17% in the quarter and profit declined 23% from the year ago 4th quarter.
This is supposed to be the “best in breed” bank and its woeful performance is telling a story – other banks are going to be posting some less than stellar results. In fact, these numbers are likely to look good compared to other 4th quarter profit reports that have yet to be revealed.. please remain more here:
http://www.certifiedassets.com/inv/news/jpm-morgan-misses/

Hyperinflation is baaack; Weak Retail Data; Sears

2012-01-12T10:15:00.001-05:00

1/12/11
Hyperinflation is rearing its ugly head again. There are numerous reports popping up on the twittersphere and the web that the latest round of... read more here: http://www.certifiedassets.com/inv/news/hyperinflation-is-baaack-weak-retail-data-sears/

More Rise for Gold; European Gloom; Wall Street Back Peddles a Bit; Silver Buying

2012-01-11T10:32:00.001-05:00

1/11/2012
The rally continues on for gold. That’s a good thing for the prudent investor who holds gold as a hedge, as insurance. It’s a bad thing for the vast majority since gold’s move is a reaction to on going bad headlines which this space said would resume in the second week of January once everyone... read more here: http://www.certifiedassets.com/inv/news/more-rise-for-gold-european-gloom-wall-street-back-peddles-a-bit-silver-buying/

More Stock Rally Which Bodes Well for Gold Bulls

2012-01-10T10:50:00.004-05:00

1/10/12
The paper gold shorts are taking it on the chin today as the metal rallies by nearly 2% to the 1635 level. The picture for gold is looking better as the dollar drifts a bit lower on speculation that there will not be a France credit downgrade for the foreseeable future, but that Italy... please read more here: http://www.certifiedassets.com/inv/news/more-stock-rally-which-bodes-well-for-gold-bulls/

The European Effect; Earnings Parade; 200 Years of Gold to Dow; Negative German Yields and more...

2012-01-09T10:29:00.003-05:00

1/9/12
I am back from the FUN Coin Convention in Orlando, where the weather was a bit cool. I’ll have more perspective on the what I encountered at the convention. It was superbly run (as usual) by the FUN coordinators. My long time and good friend Scott Travers gave me the opportunity to make a... Please read more here: http://www.certifiedassets.com/inv/news/the-european-effect-earnings-parade-200-years-of-gold-to-dow-negative-german-yields-and-more/

What if?

2012-01-08T17:12:00.000-05:00

I've been away at the Orlando FUN coin convention and have just returned back to New York. I had the chance to make a few remarks at the Scott Travers and Maurice Rosen conference on Friday. One of the questions I fielded delved into whether the country would be better off with a new president in November, or if Obama should be re-elected.

My response was the election of either a democrat, or a republican would not result in any of the structural changes that are needed to cure what is ailing the nation. I see both parties as a big cabal feeding out of the hands of various interests who don't have the best interests of the American people in mind. We the people are now ignored.

Frankly, (and I told this to the gathering) a replacement of the present occupant of 1600 Pennsylvania Avenue could boost sentiment. But then again, Mickey Mouse, or Donald Duck would fill that bill. ha ha, but that's really a said commentary, isn't it?

In checking out Facebook today, a friend posted this interesting commentary by 'The Judge', one of their freer thinkers in an outside of the mainstream media sort of way. What if?

A Wednesday Linkfest

2012-01-04T08:11:00.001-05:00

1/4/12

It’s looking like a mixed open for Wall Street. Gold is down about .1%. I am preparing to travel to Florida today for the FUN Coin Convention, so no time for a full post this morning. Instead, a few links and StockTwits retweets (RT): The plot thickens: MF Global sold assets to Goldman before collapse... Please read more here: http://www.certifiedassets.com/inv/news/1412-linkfest/

Have a great day!

Let the Nonsense Begin!

2012-01-03T09:46:00.003-05:00

1/3/12 Market comment

Already, CNBC on this first trading day of the new year for U.S. markets is clanging the “hopes” bell. Early this morning the first text message out of the CNBC gate: “European stocks open higher; Merkel and Sarkozy to meet next week…” Is anything going to come from those two characters meeting yet again in the ongoing European game of trying to extend and pretend (think: more kicking the can down the road)? The answer is actually ‘YES and NO’ and that will be enough to aid (or fool) the markets in the short term. To what extent and for READ MORE HERE> http://www.certifiedassets.com/inv/news/1521-2/

I was Wrong About Silver in 2011

2012-01-02T11:46:00.000-05:00

1/2/12

In March, 2011 I took the pro silver side of a gold/silver debate in CoinAge Magazine on which metal would outperform on a percentage basis in 2011. My positive silver ideas were... Please read more here... http://www.certifiedassets.com/inv/news/i-was-wrong-about-silver-in-2011/

Some Gold Thoughts

2011-12-29T13:10:00.002-05:00

12/29/11
I have been asked a number of times recently where gold is going to trade over the course of 2012. I am not a seer, obviously. But I can make a few observations and guesses based on some emerging micro and macro trends.

I’m in the camp that feels that gold will get to $2,000 an ounce in 2012. ,,,, read more at
http://www.certifiedassets.com/inv/news/some-gold-thoughts/

A Flick of the Financial Switch; Jeers for Sears; $GLD is a Mining Share Dampener; Coin Dealer TV Advice

2011-12-27T10:31:00.001-05:00

12/27/11
We’re in the no man’s land between Christmas and the New Year. The usual survey of news flow comes up light, but this is still the same dangerous world in general and from a financial sense. Somewhat odd that the seemingly unstoppable lava flow of financial bad news from Europe, with the U.S. and Japan waiting in the wings, takes a break for a week? Who knew that on going chaos and catastrophe could simply sign off for the holidays? So maybe, since the world is supposed to end in less than a year....

Please read more... http://www.certifiedassets.com/inv/news/a-flick-of-the-financial-switch-jeers-for-sears-gld-is-a-mining-share-dampener-coin-dealer-tv-advice/

Temporary Bear De-Clawing; Economic Jumble…. Merry Christmas!

2011-12-23T10:14:00.001-05:00

12/23 Market Comment
Stock futures show an upward tilt once again as seasonal factors favor the bulls. The more than 600 billion-euro 3 year bank loan program, for now, has de-clawed the bears. But Sorry... read on here... http://www.certifiedassets.com/inv/news/temporary-bear-de-clawing-economic-jumble-merry-christmas/