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ha, i just mentioned the last bit to Kudlow in an email and he read it on air. even called it a good point, LOL.

in the last two years gold has done very well the last two weeks of Oct. I just read a great paper on the determinants of the gold price --> http://econwpa.wustl.edu:80/eps/fin/papers/0403/0403003.pdf they are... 1. currency purchasing power 2. inflation 3. inverse of price earnings...

possibly #3...boards have been eerily silent about the prospect of a crash when compared with April of this year. The Black Monday yelps were popping on this board at a rate of one a minute.

i just puked.

seriously? will it ever go down? it won't. it won't ever.:confused: :confused: :confused: :confused: :confused: :confused: :confused:

the gold issue is pretty interesting. IMHO, ppl that claim its signaling inflation have it wrong. people are buying because when the dollar standard goes kaput, where better to be than the currency that is no one else's liability.

i'm a big bond bull. i figure we're in a deflationary spiral... "but"...a dollar crisis will probably spike rates. that leads me to a scenario, and a question. if global growth slows, and banks in foreign country start having trouble at the same time the dollar is depreciating, won't this...

oh, how i love it. bunker time is coming.

yes, i think 10 years and 30 years rally. i think the fed would like to raise rates, but will only be able to get one, maybe two more hikes before we get an inversion. heck, they might even continue raising, but they'd be crazy.

Peil, that's a nice, enlightening post. What's scary is that while the housing bubble doesn't cover the US in terms of geography, it certainly does in terms of wealth. In 10 years you might be able to pick up a mansion in a bubble town that now sells for 3 million dollar for what that house in...

here is the thread where zzzzzzz points out GG as a short and then is rude to everyone who questions what he is talking about http://www.elitetrader.com/vb/showthread.php?s=&threadid=55349&highlight=gg

part one of the trade worked. go long energy now...

wow, looks like a great day to be long the indices, and then, sneakily, get an overnight natrual gas or gasoline long in at the close. too much pessimism on index trades, too much joy on energy trade. ppl are overjoyed that this is a category 4, but this is ripping through the heart of oil...

exactly. now let's say you're upper-middle class and have a combined family income of 100K, plus 2 kids that go to top private colleges. wow, you're up for 300K tuition.

yes this system must change. harvard sits on a 20 Billion + endowment that has been growing over 10% yearly. they could literally pay the tuition of all their undergrads and still grow their endowment by billions yearly. of course they instead choose to charge 160K for a four year...

amen, you are right

interesting how similar the ET poll stats are to the real betting... "According to futures contracts on the Chicago Board of Trade, <b>investors are betting there's an 84 percent chance the central bank will raise its target for the federal funds rate</b>, an overnight bank lending rate that...

rips up means goes up or is ripped to shreds?

bump...rate hike utterly dominating

yes, i seriously doubt gold will quintuple very soon. igaudy ads for all sorts of asset classes - gold, real estate, stocks - have existed for years and will always exist as long as dumb money is around.