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Sigh... I've been reading these "gold is crashing any minute now" stories for so long - it's getting old guys. At least try to mention some fundamentals - that might be refreshing for a change. For example, tell us why gold should crash when the gold/oil ratio is right at the average.

Oh yeah, anyone paying attention comprehends that the stimulus does nothing for the real ecomony. The purpose of stimulus is simply to inflate the currency and thus give a backdoor bailout to banks by re-inflating their collapsed loan cycle. It's all about shifting bank losses onto pensioners...

Are we talking fiscally or morally bankrupt?

The problem with OP's question is that those in power could care less what you think - therefore these discussions are meaningless. Try focusing on what you are going to do about it.

It is not just that they are getting tens of millions worth of a direct handouts/theft in the form of a lower interest rate. The other point is that they are getting any money at all. So these banks overleverage, crash the system, you have temporary deflation and.... They just run to the Fed...

Not surprising since Nobel never intended a prize for economics - the banks funded it at a later date and glommed onto the "Nobel Prize" title.

Just a final clarification. Apparently the spec for "light sweet crude (WTI)" has been at 0.42% sulfur for many years. The sulfur level of the oil delivered under this contract has also not changed much over the years according to COQA. So although CME should drop the misleading term WTI from...

Again you miss one of the main points of the story. The guys actually saving people are getting $15 / hr. The "full time lifeguards" earning up to $200,000 / yr are "supervising" from behind a desk. It is a joke but not unusual in the public sector in CA. Why would you want to make an excuse...

Yes, but that is a separate issue. When I first heard that the spec had been changed, I found those news stories first and thought this was perhaps the problem. However, that issue is simply some secondary contaminants like Vanadium are being mixed in and NYMEX is considering tightening the...

By the way I've confirmed with CME that the spec is for 0.42% sulfur. No answer yet to my follow up question as to why they keep WTI in the contract name when it is no longer WTI grade, or when this change occurred. The worst part is that all the brokerages and traders continue to call...

Yeah, they do a good job of burying it. First you will click on the specifications for "light sweet crude (WTI)" which takes you here: http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contract_specifications.html But that document doesn't actually list the specs...

I was in local government in S. Cal for years - same story everywhere. I always did think the full time lifeguards had the sweetest deal of all though - followed closely by the firefighters. As the clip says, these aren't even the guys doing any real rescues - that is done by the part time...

I know there are many other factors (such as build up at Cushing) driving down WTI in relation to Brent. However, historically you will see it explained that WTI is a superior grade to Brent and this causes an average $1 - $2 premium. What is now being sold on the exchange as "light sweet...

A lot of people are talking about the WTI / Brent spread being backwards lately. But the contract specifications for "Light Sweet Crude Oil (WTI)" as it is called, is now listed as 0.42% sulfur. Whereas true "WTI" is a much higher grade at 0.24% sulfur. In the past there was a premium...

Holy crap, is this actually a debate? The future price is determined entirely by speculation. Then the oil comes to market - it doesn't make a difference if someone bought the oil future at $1000 or $10 - a physical buyer must now be found. Nearly all oil is refined and used upon delivery -...

Be vewy vewy quiet, Bewnie & Bawack are hunting wascally specuwators.

Interesting topic. Yeah, everybody wants some magic formula rather than to study/practice the market for years. I just tell them it is like any other job - people are suited for whatever work they are talented at, enjoy, and are therefore willing to put in time to learn. As for the...

Given the historical ratios for wood pulp I'd guess.... gold: 15 tons of scrap paper per troy oz silver: 0.75 ton of scrap paper per troy oz History shows it will undoubtedly happen - the real question is how soon.

Try to buy some iridium and you'll see why it is not a comparable store of value to Au, Ag, Pt, Pd - not fungible. Still, despite exchange problems, it did quintuple in price over the last 6 years as a limited number of investors began to use it as a store of value.