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Fairly obvious there was some factor whereby the long term price action of Gold (we all know too well) had been skewed by something else with inflation being the most likely culprit. If the latest drop occurs to the bottom of the channel that'll mean gold has a negative price, though. If you...

Car pooling is great when your co-pooler is nice to talk to and shares the same interests, you should give it a try. The worst that can happen is you don't make a good friend. But get the bike too. Don't aim to save huge amounts right away, just ride it in when the weather's good and you feel...

"The reserve is 97 percent full, holding 701 million barrels of crude." That's about 2 months worth for the US.

"Mom doesn't work because gas is nearly 4 bucks a gallon." That's a great example to set your kids.

Even with high prices for petrol people still drive and earn low wages. They just do without the things that are seen as a right, such as new clothes and furniture, eating out, having any fun or holidays. Just because they're finding it difficult to get by doesn't mean they're lazy slobs.

They're not selling $400 billion of assets today so no need to prepare for a massive sell off. They're looking at their assets and analyzing to see if all of them still fit within their profile. This may be a surprise but companies do this all the time.

Picture this: You're a Central bank or Sovereign wealth fund of an export-led country holding over one hundred billion dollars of currency, and charged with maintaining the stability of the value of your reserves. Your primary choice of holding the World's reserve is losing you millions per day...

I've visited a few of the shit 5th world ungrateful countries, they do seem to benefit from western input. Almost all of the people I spoke to seemed happy speaking to me, although I don't think they were particularly grateful I was there.

Heh, I see a multitude of forums with Americans whining about the cost of their 'gas' and the evil speculators and table cloth wearers benefiting from their misery of having to spend too much on their 70 mile commutes to and from work every day in their 2 tonne gigantic vehicles. Like nobody...

Buffett's really sticking his neck out there! When have banks ever not made losses? It's inherent in taking risks. The size of their losses almost always depends on the economy and housing. This reads to me as 'business as normal' unless something else terrible happens.

A few of points. I'm not 'secretly happy' about your loss but the issues you raise have a bearing on many things in life, such as cutting your losses. I'm responding as part of this thread, not to gloat. If you'd gone long at any time since WWII and stayed long for 8 years I don't think...

Thanks, that's my quota for the month.

So following newsletters, on average, isn't healthy for your balance sheet? I'm, genuinely, interested because I'm looking to enter the markets and I have no previous trading background. Is it buy and hold which works out better than trading for the average investor? If so should I, right now...

We're talking about Gentle Ben, right? He's so far either done what the market expects or reduced rates further. Historically speaking you may see an investment bank come out with 'surprise' losses and Bernanke comes to the rescue with 50 bps, nothing except a cut of 25 bps with an 'economy...

Don't you realise Buffett is just a third rate actor, brought out every time the multi-nationals need a 'voice of the people' to back up their strategy? He's filled his 10 room house with free furniture, eats at the local diner and wouldn't know what a stock was even if it smashed him in the...

HedgeFundTrader2 (or should I say Mr Homm?) I was wondering which indicator led you to be so adamant that the bear market was so short-lived? Was it elliot wave theory, technical analysis, volume, fundamentals or instinct? . Probably a combination of the above. I've managed to back test a...

I'd think most traders were bearish a few weeks ago, the S&P was dropping like a stone, and was very similar to the previous bear market. Also the news had been full of dire stories and predictions, with negativity and losses fueling every indicator I looked at. Then there was the recent...

That's a load of crap, the UK's cost of living gets 5 points, most of Western Europe gets around 30 and even Zimbabwe gets 24.

The one that is here and starting to intensify. You can't see it because you've not lived through one before. You've said, previously, that housing is only 3% of the economy, but I think you're forgetting the multiplier effect. Each dollar is used 12 times in the economy, so a trillion lost in...

Although there's plenty more oil out there than Peak Oil enthusiasts like to scream about, that oil is proving more expensive to get at. If the price fell to $40 it wouldn't be cost effective to drill it. Of course I've no idea what technology could do for the cost of that and alternative...