No kidding! Maybe at the end of this, everyone entered in the contest should send Wings a silver quarter (half dollar if they're in the red at the end) and everyone reading this enjoying it vicariously should send him a silver dime.
Then after new years day, he sends the winner 50% of the silver, second place 20%, third place 10%, and keeps the rest
since it's a precious metals forum, this sector of investment may not be relevant to many here, but maybe some loved ones have used one of the products they develop
this is why it's interesting, and suggests why the biotechs could continue to outperform the indicies, due largely to demographic spending on healthcare
<< <i>I used leverage this year, and I expect to have a stellar 3rd & 4th quarters when the bond market has its heart attack. Until then, I suck bad. >>
<< I used leverage this year, and I expect to have a stellar 3rd & 4th quarters when the bond market has its heart attack. Until then, I suck bad. >>
Throw another penny in the wishing well
That's not my actual wish. I was only trying to win the contest. My actual wish is that they would stop destroying the dollar and the economy, but I know that's not happening.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i><< I used leverage this year, and I expect to have a stellar 3rd & 4th quarters when the bond market has its heart attack. Until then, I suck bad. >>
Throw another penny in the wishing well
That's not my actual wish. I was only trying to win the contest. My actual wish is that they would stop destroying the dollar and the economy, but I know that's not happening. >>
The economy enjoyed a perfect storm from 1950 to 2000 due to the end of WWII, end of Communism, global baby boom, tremendous advances in medicine and technology. It would be extremely difficult to match those circumstances so any expectations of a return to that economy is wishful thinking. Just because the economy may not be as good as in 1986 or 1996 or 2006 does not mean it is being destroyed.
The bond market implosion you expect in 200 or so days will not occur.
globalization is a big factor in the destruction of our economy. A nation with a high standard of living cannot compete with production from a country that works for pennies on the dollar. Production, not finance, is the engine of economic growth.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The bond market implosion you expect in 200 or so days will not occur.
I bet on the implosion to win a contest, not in real life. The European Model is showing us that a bond debacle can be extended *almost* indefinitely. I do agree with Sinclair and Willie in that the BRICs will continue to pressure the dollar with their bilateral trade agreements, and that gold will continue to benefit from the trend being set by other countries towards taking physical possession of it.
The Lehman meltdown has shown us that not everything is controllable by central bankers and governments. They like to invent new terms such as rehypothecation and tail risk to accomodate changes in how finance continues to morph into new areas. At some point, and I don't know when it will be - people will throw in the towel on the house of cards and start over without these guys.
Production, not finance, is the engine of economic growth.
It's even more daunting when there is overcapacity.
Q: Are You Printing Money? Bernanke: Not Literally
It's even more daunting when there is overcapacity.
And that precisely is the problem. We and the globe have too many factories, too many warehouses, too many corporate offices, and in China, too many apt buildings.
Expecting a return to an economy that created the overcapacity is foolhardy. We need to stop with the doom and gloom rhetoric as this "new normal" is not doom or gloom. It is just a reversion to a longer term mean. It is not the end of the world or global economy.
I disagree with Willie and Sinclair about the BRICs circumventing the dollar. Neither of these countries trust each other and any agreements among them will be very tenuous, at best.
<< <i>And that precisely is the problem. We and the globe have too many factories, too many warehouses, too many corporate offices, and in China, too many apt buildings. >>
too much risk resulting from easy money.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>It's even more daunting when there is overcapacity.
And that precisely is the problem. We and the globe have too many factories, too many warehouses, too many corporate offices, and in China, too many apt buildings.
Expecting a return to an economy that created the overcapacity is foolhardy. We need to stop with the doom and gloom rhetoric as this "new normal" is not doom or gloom. It is just a reversion to a longer term mean. It is not the end of the world or global economy.
I disagree with Willie and Sinclair about the BRICs circumventing the dollar. Neither of these countries trust each other and any agreements among them will be very tenuous, at best. >>
FYI. I'm going to Cambodia and Vietnam on Saturday to perhaps open my own business. China has become too expensive for a lot of American retailers.
MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>It's even more daunting when there is overcapacity.
And that precisely is the problem. We and the globe have too many factories, too many warehouses, too many corporate offices, and in China, too many apt buildings.
Expecting a return to an economy that created the overcapacity is foolhardy. We need to stop with the doom and gloom rhetoric as this "new normal" is not doom or gloom. It is just a reversion to a longer term mean. It is not the end of the world or global economy.
I disagree with Willie and Sinclair about the BRICs circumventing the dollar. Neither of these countries trust each other and any agreements among them will be very tenuous, at best. >>
The brics might not trust each other but why should they trust us? Our financial geniuses destroy everything they touch maybe they would rather just go to hell in their own handbasket.
. I'm going to Cambodia and Vietnam on Saturday to perhaps open my own business. China has become too expensive for a lot of American retailers.
My sister is in the process of relocating a medical devices manufacturing facility from China. Too expensive.
China will be spending its "vast reserves" on itself, to keep the people happy. Certainly dont want 15% unemployment in China. With a population of 1.6 billion, those unemployment checks could get overwhelming. Or as they say, idle minds/hands are dangerous. Yup, gotta keep the people busy.
A triple leverged silver ETF is not doing the worst?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
A triple leverged silver ETF is not doing the worst? >>
Cohodk has got your back. With junior gold miners having the worst 3 months of any period since 2008 how could there 9 people behind me? Oops...forgot about leverage.
<< <i>As a spectator, I'm wishing you all the best!
As a relative newbie to the PM board who looks to you all for advice, it's not comforting to see so many in red >>
Don't take anything here as advice, take it as opinion.
Keep in mind all of the picks were based on where the position will be on Dec. 31. Everything between now and then is entertainment.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I wish I followed my own advice for stock pics. Can't believe I'm sitting in 7th place. Picked Walgreens, but sold all of my options over a month ago when it got to $45-46 At least I'm doing good using the fake money on this forum
Notables for the week... Average portfolio gains 5 percentage points. Red Wings make the playoffs for an unprecedented 22 consecutive years, the longest record of any professional sports team. Cohodk continues his rubber band performance as Apple actually went up $20 or so. Silver went up!
Thanks OPA much appreciated. Wingsrule tore loose from his busy schedule and sent me a PM. I'm just sorry I missed this years debacle. . Take care. jws
Comments
Then after new years day, he sends the winner 50% of the silver, second place 20%, third place 10%, and keeps the rest
Liberty: Parent of Science & Industry
Ray
since it's a precious metals forum, this sector of investment may not be relevant to many here, but maybe some loved ones have used one of the products they develop
this is why it's interesting, and suggests why the biotechs could continue to outperform the indicies, due largely to demographic spending on healthcare
Biotech bull market
example 2 year performance BIIB <--- Shout out to MJ for pickin' it!)
Interesting week, good luck out there!
Liberty: Parent of Science & Industry
I knew it would happen.
My Adolph A. Weinman signature
<< <i>I used leverage this year, and I expect to have a stellar 3rd & 4th quarters when the bond market has its heart attack. Until then, I suck bad.
Throw another penny in the wishing well
Knowledge is the enemy of fear
Throw another penny in the wishing well
That's not my actual wish. I was only trying to win the contest. My actual wish is that they would stop destroying the dollar and the economy, but I know that's not happening.
I knew it would happen.
<< <i>I think I'll go out on a limb and say I'm not going any lower!
What about % change?
Got quoins?
My Adolph A. Weinman signature
Thanks Wings for all your hard work keeping this together, I'd be happy to donate a silver dime, quarter of half wherever I end up!
Click on this link to see my ebay listings.
<< <i><< I used leverage this year, and I expect to have a stellar 3rd & 4th quarters when the bond market has its heart attack. Until then, I suck bad. >>
Throw another penny in the wishing well
That's not my actual wish. I was only trying to win the contest. My actual wish is that they would stop destroying the dollar and the economy, but I know that's not happening. >>
The economy enjoyed a perfect storm from 1950 to 2000 due to the end of WWII, end of Communism, global baby boom, tremendous advances in medicine and technology. It would be extremely difficult to match those circumstances so any expectations of a return to that economy is wishful thinking. Just because the economy may not be as good as in 1986 or 1996 or 2006 does not mean it is being destroyed.
The bond market implosion you expect in 200 or so days will not occur.
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I bet on the implosion to win a contest, not in real life. The European Model is showing us that a bond debacle can be extended *almost* indefinitely. I do agree with Sinclair and Willie in that the BRICs will continue to pressure the dollar with their bilateral trade agreements, and that gold will continue to benefit from the trend being set by other countries towards taking physical possession of it.
The Lehman meltdown has shown us that not everything is controllable by central bankers and governments. They like to invent new terms such as rehypothecation and tail risk to accomodate changes in how finance continues to morph into new areas. At some point, and I don't know when it will be - people will throw in the towel on the house of cards and start over without these guys.
Production, not finance, is the engine of economic growth.
It's even more daunting when there is overcapacity.
I knew it would happen.
And that precisely is the problem. We and the globe have too many factories, too many warehouses, too many corporate offices, and in China, too many apt buildings.
Expecting a return to an economy that created the overcapacity is foolhardy. We need to stop with the doom and gloom rhetoric as this "new normal" is not doom or gloom. It is just a reversion to a longer term mean. It is not the end of the world or global economy.
I disagree with Willie and Sinclair about the BRICs circumventing the dollar. Neither of these countries trust each other and any agreements among them will be very tenuous, at best.
Knowledge is the enemy of fear
<< <i>And that precisely is the problem. We and the globe have too many factories, too many warehouses, too many corporate offices, and in China, too many apt buildings. >>
too much risk resulting from easy money.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>It's even more daunting when there is overcapacity.
And that precisely is the problem. We and the globe have too many factories, too many warehouses, too many corporate offices, and in China, too many apt buildings.
Expecting a return to an economy that created the overcapacity is foolhardy. We need to stop with the doom and gloom rhetoric as this "new normal" is not doom or gloom. It is just a reversion to a longer term mean. It is not the end of the world or global economy.
I disagree with Willie and Sinclair about the BRICs circumventing the dollar. Neither of these countries trust each other and any agreements among them will be very tenuous, at best. >>
FYI. I'm going to Cambodia and Vietnam on Saturday to perhaps open my own business. China has become too expensive for a lot of American retailers.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>It's even more daunting when there is overcapacity.
And that precisely is the problem. We and the globe have too many factories, too many warehouses, too many corporate offices, and in China, too many apt buildings.
Expecting a return to an economy that created the overcapacity is foolhardy. We need to stop with the doom and gloom rhetoric as this "new normal" is not doom or gloom. It is just a reversion to a longer term mean. It is not the end of the world or global economy.
I disagree with Willie and Sinclair about the BRICs circumventing the dollar. Neither of these countries trust each other and any agreements among them will be very tenuous, at best. >>
The brics might not trust each other but why should they trust us? Our financial geniuses destroy everything they touch maybe they would rather just go to hell in their own handbasket.
My Adolph A. Weinman signature
Liberty: Parent of Science & Industry
My sister is in the process of relocating a medical devices manufacturing facility from China. Too expensive.
China will be spending its "vast reserves" on itself, to keep the people happy. Certainly dont want 15% unemployment in China. With a population of 1.6 billion, those unemployment checks could get overwhelming. Or as they say, idle minds/hands are dangerous. Yup, gotta keep the people busy.
Knowledge is the enemy of fear
<< <i>.. I expect to have a stellar 3rd & 4th quarters ... >>
yuuup!
Liberty: Parent of Science & Industry
<< <i>What happened to the weekly updates? >>
Assuming everyone else stayed the same I dropped to 55th place.
Knowledge is the enemy of fear
My Adolph A. Weinman signature
<< <i>I expect to have a stellar 3rd & 4th quarters >>
Did you mean: "cellar"
A triple leverged silver ETF is not doing the worst?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
A triple leverged silver ETF is not doing the worst? >>
Cohodk has got your back. With junior gold miners having the worst 3 months of any period since 2008 how could there 9 people behind me? Oops...forgot about leverage.
Gotta hope AAPL doesnt drop another $140.
Im seeing the miners as oversold, but not grossly oversold. The bleed could continue.
Knowledge is the enemy of fear
<< <i>
A triple leverged silver ETF is not doing the worst? >>
I call your triple levereged silver ETF and raise you a SLV Jan 2014 32.00 call!
My Adolph A. Weinman signature
I thought GDXJ bottomed three months ago
BTW Rhodium has to to be the most boring investment ever
Groucho Marx
As a relative newbie to the PM board who looks to you all for advice, it's not comforting to see so many in red
Amat Colligendo Focum
Top 10 • FOR SALE
<< <i>As a spectator, I'm wishing you all the best!
As a relative newbie to the PM board who looks to you all for advice, it's not comforting to see so many in red
Don't take anything here as advice, take it as opinion.
Keep in mind all of the picks were based on where the position will be on Dec. 31. Everything between now and then is entertainment.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>As a spectator, I'm wishing you all the best!
As a relative newbie to the PM board who looks to you all for advice, it's not comforting to see so many in red
My pick is up 23% so far today, so my advice must be rock-solid!
(Please ignore the fact that my pick is down 89% year-to-date.)
My Adolph A. Weinman signature
Liberty: Parent of Science & Industry
Should have stuck with Sprint. Now it has two suitors
They are doing nothing right and everybody wants them.
Who knew
Knowledge is the enemy of fear
Average portfolio gains 5 percentage points.
Red Wings make the playoffs for an unprecedented 22 consecutive years, the longest record of any professional sports team.
Cohodk continues his rubber band performance as Apple actually went up $20 or so.
Silver went up!
<< <i>Hey Wingsrule where did I finish last year? Been indisposed and can't find it now. Thanks. Take care.jws >>
He's busy....review the below link for your last years finish.
2012 investments
<< <i>yup >>
Great video cohodk.
Never saw anything like that before.
Enjoyed the side trip!
Liberty: Parent of Science & Industry