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Political. I bet someone back in 2004 that the Dems would take both houses in 2006. That person thought I was as crazy as the other person I told I was in gold back in 2000. They came pretty close, depending on how you count. 2008 is the year they take firm control of the Senate, firmer...

Got 'em. Won't have 'em for long though. Think that for the rest of the year, volatility is king. Neither a bull nor a bear be. Unless you wanna get creamed, of course.

Reality check time: as of now, the paper currency getting hit is the dollar. That's the trade. But the dollar will "recover", as the next paper currency gets hit, the euro (most likely, especially given today's events, which shows that the entire ECB board is a bunch of utter stoops), the...

It's broken out. Shorting a breakout like this is just crazy. Earnings do come in around options expiration day for everything though. It might be worth buying a put or two the day before just on spec, as long as you realize it's a lottery ticket. But actually shorting? Remember, your...

Any reason why you feel the need to repeat yourself, kashirin? Congrats on having opened two threads within days where you say the same thing.

As I have replied before to the same thing, this has happened twice in the past 100 years. The actions taken in each case were very similar: - in 1968, the "sterling area" governments, basically former colonies who were members of the British Commonwealth, agreed to a mutual pact of...

You guys are missing what's happening out there. I don't know or care if unions are or aren't dying/coming back/whatever. But what you do have to realize is that Dubya's killed the Reps for the next generation, the same way LBJ killed the Dems forty years ago. I'm not counting on the SS cap...

Keep it up. You're doing a great job of advocating for the gold standard. You do realize that back when it actually existed, the prairie ignoramuses thought of it as the creature of those with oversized noses, right? You do know that this is what William Jennings Bryan was referring to in those...

Sorry. Just got it. I forgot that for the most part I'm dealing with not just stupid, but stupid scum, in these idiotic threads. Carry on.

That's a political, not economic, statement. And what the hell does "oversized nose" mean?

Per capita is obviously not the same as the gross sum. Obviously. And, all your article asserts is another obvious thing: PPP is an approximation. As is exchange rate parity, of course. However, if you have a currency that has been deliberately manipulated to an absurdly low level, as is the...

Man you're stupid. Please explain how this doesn't amount to an economic version of Armageddon: Indebted labor will rise from the ashes of the greatest credit bust in US history. People will literally be working just for food, water and shelter. I'll wait 'til Hell freezes over.

Please explain. I'm truly interested in your explanation. (My previous was directed at TM, btw)

If the US crashes and burns, it will be because the rest of the world does too. Scenarios in which the US crashes in relation to the rest of the world are fantasy. It will happen someday, just as someone watching the assassination of Julius Caesar could have extrapolated from that the fall of...

This kind of reply makes me seriously impatient. I despise the OP with a passion. I think he/she/it is an ignorant ass. However, the above is equally ignorant. You're quoting GDP at exchange rate equivalence, which in the case of China is just plain stupid. At PPP (Purchasing Power Parity...

Well, you can buy puts. Limited downside, virtually unlimited upside (theoretically limited, but as a practical matter way more than the downside).

These are known costs to having a reserve currency. Demand for it is greater than can be accounted for by the domestic economy, which makes it chronically overvalued relative to the country's trade position, and you get "leakage", because it's used internationally. On the other side, other...

I've noticed a tendency over the years for gold to bottom in November. Perhaps this year will be similar. I don't know, but in terms of the stocks, I just got a short-term sell, and I wouldn't be surprised if it extended out to sometime in November before it expired. Seems to happen almost...

...in response to someone attempting to corner the market, as I pointed out before.

I agree with most of that report - I disagree with the inevitable Bernanke bashing, and leased gold is no longer a drag on the market, as most companies are now buying in their hedges - and I see nothing in there about central bank manipulation. What I do see is the very real possibility that...