Archive for February, 2011

Gold, oil & 44 Bars per Minute

Gold, oil & 44 Bars per Minute

“Girls love to spin.” — Wayne, Dance Instructor, Howard County Parks and Rec. I’m taking dance classes at the local Parks & Rec. with a stunning brunette, which is why I’m shuffling my feet around on Sunday nights at eight. The crowd is mixed; twenty-something hipster couples and old guys who have difficulty with their gig lines. The instructor is a cross between Wayne Newton and Telly Savalas: a black silk shirt, shaved head, and a nose like an organic potato. He sucks his microphone like a lollipop and spits out a steady stream of advice: “One, two, hook the toe, slide back, twirl…” Chick magnet The chicks love him, of course. And heck, I was even having a good time�— right up until Wayne Savalas swished over during the break. My H1 was in the parking lot. It’s shiny, yellow, and chews diesel like a Mongolian wrestler at a yak roast. Wayne obviously saw me pull up and feels he should enlighten me about his new Chevy Volt getting 60 miles per gallon… And why would I drive something that sucks up so much gas and destroys the environment? I told him that I was fully invested in oil explorers. And with the trouble in the Middle East launching my shares, I could drive a Semi for life… Brent Crude ETF (BNO) Yes, he said, but is this more of a trade on the Arab revolutions, or does it have more to do with the destruction of the dollar? Wayne pointed out that the dollar/euro has hit a four-month low and seems to be heading lower. Down she goes What is most concerning is that during this particular period of global uncertainty, the

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Must See: Wall Street’s "Inconvenient Truth"

Filed in Uncategorized by on February 28, 2011 7 Comments

“Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong,” said Charles Ferguson, direction of Wall Street’s own Inconvenient Truth, “Inside Job.” Of course, you’d be fooling yourself into thinking his speech will really change anything… And you’d be fooling yourself if you think the financial scams haven’t continued to this day. It’ll be a cold day in hell when executives are properly jailed for this, but at least Ferguson was able to reignite the anger that most Americans have toward Wall Street. And they have plenty to be angry about… as seen here . Plus, according to Business Insider: “ The industry has made more money since the crisis How disturbing is it that after a crisis of that magnitude and after having to be BAILED OUT in order to survive, the banking industry is still thriving while the average American is barely treading water. Reminds me of a joke I recently read on Facebook: A public union employee, a Tea Party activist, and a CEO are sitting at a table with a plate of a dozen cookies in the middle of it. The CEO takes 11 of the cookies, turns to the Tea Partier, and says, “Watch out for that union guy. He wants a piece of your cookie.” The average salary of a Goldman Sachs employee is $600,000 Honestly, I am less bothered by professional athletes who make that much. It’s despicable that these veritable criminals make 10 times what the average American makes (in some cases more than 10 times). Business Insider points out that the number has gone down — to $431,000 — but is still way, way too high. AIG paid Goldman Sachs $13 billion in taxpayer money Where did those huge salaries come from? Oh yeah! From us! So if you are only making $40,000, never fear. Your tax dollars are making sure someone is making 10 times what you are. Totally fair, right? AIG’s Joe Cassano made $315 million after the company took at least $85 billion from taxpayers There are NO words. None. Lehman CEO Dick Fuld earned $485 million Fuld claims he only made $310 million. Only. Truly, it’s so depressing in this world that so many go about defending these people’s rights to make that much while also vilifying the unions and hard-working people of Wisconsin who just want to earn livable wages and be able to afford health care for their families.” And here’s the video of Inside Job’s win… and a trailer from the must-see documentary… Must See: Wall Street’s “Inconvenient Truth” originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Sweet Monday Mornings

Filed in AIG, BP, o, silver by on February 28, 2011 0 Comments

Remarkable isn’t it? It has almost become like clockwork – I’ve never seen a pattern continue like this at a 80%+ type of success rate. Another wonderful surge in futures between 6 AM and 9 AM on a Monday morning, for no particular reason (not ev…

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What’s Really Wrong With America

Filed in Alan Greenspan, BP, Gold, GOld juniors, Lear, o by on February 28, 2011 0 Comments
What’s Really Wrong With America

Here’s a wonderful video I came across visiting Washington’s Blog this morning. It’s a great read if you haven’t discovered it already. As the video reminds us…. “The Funders” are not “The People”. You have to act to get it back. There is a reason everything is so screwed up. The further you stray from our beginnings the worse everything becomes. Related Article: NEWSFLASH: The Meltdown Didn’t Have to Happen Bill Black: Fire Holder, Geithner and Bernanke The No Spin Zone: Bill Black Calls BS Epic Fail: Brooksley Born Demolishes Alan Greenspan Matt Taibbi: Goldman is “Re-creating the conditions for another crash” To learn more about Wealth Daily click here Advertisement 21st Century Medicine … Is exactly what you thought it would be. An AIDS vaccine has been tested. New organs are being grown. Limbs are being created from scratch. But humanity isn’t the sole motivator… Serious cash stands to be made by curing diseases. One small biotech firm — featured on 60 Minutes — is on the path to even wilder medical breakthroughs. To see what I mean and learn about this company, watch this brief presentation . What’s Really Wrong With America originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Agreeable disagreement

Filed in gld, Gold, o by on February 28, 2011 0 Comments
Agreeable disagreement

Josh was inspired by posts from Zeke at Lucia’s and Judith Curry’s websites. Lucia’s post: Agreeing Judith’s post: Agreeing(?)

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Some introspection of WUWT

Filed in Gold, o by on February 20, 2011 0 Comments
Some introspection of WUWT

I recently met with some of our volunteer moderators and contributors while in the Bay Area, and they provided some valuable suggestions on WUWT and its place in the climate debate. Of course, I haven’t asked WUWT readers on this … Continue reading →

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Truth in Stuttgart

Filed in gld, Gold, Gold Spot Market, o by on February 20, 2011 1 Comment

Being primarily an artist, rather than a politician or an activist, I am committed to truth and beauty rather than a party-line or any given ideological doctrine. Yet, without my intending to do so, and in just a few sentences – I managed to cross every possible ‘red line’, and I bought myself a few more enemies. I also managed to infuriate some, by suggesting that I was against the comparisons between Israel and Nazi Germany. Indeed, I believe that from certain ideological perspective, Israel is actually far worse than Nazi Germany, for unlike Nazi Germany, Israel is a democracy and that implies that Israeli citizens are complicit in Israeli atrocities. I believe that solidarity with Palestine becomes a more meaningful event once we are brave enough to stand for the truth. Rather than fit ourselves into any given consensus or discourse, our duty is to present an alternative reality, whilst aiming at ethics and beauty. For Justice to prevail, truth must be told.

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Iceland president rejects Icesave bill

Filed in AT T, Bank Gold, economy, Gold Spot Market, o by on February 20, 2011 0 Comments

The President of Iceland, Olafur Ragnar Grimsson, has decided that the latest Icesave bill will be sent to a public referendum.

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Go Inside the $56 Billion ‘Black’ Budget

Filed in Bank Gold, gld, inflation, o by on February 20, 2011 0 Comments

The Pentagon dropped its $533 billion budget this week. Some line items get a thorough public debate — like stealth jet engines and soldier health care. Others have opaque names like “RETRACT MAPLE,” and are totally hush-hush. Welcome to the Defense Department’s classified, or black, budget. It appears to be about $56 billion, the same as last year, less some inflation.

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Hiding Details of Dubious Deal, U.S. Invokes National Security

Filed in AT T, Bank Gold, o by on February 20, 2011 0 Comments

A onetime biomedical technician with a penchant for gambling, Mr. Montgomery is at the center of a tale that features terrorism scares, secret White House briefings, backing from prominent Republicans, backdoor deal-making and fantastic-sounding computer technology. Interviews with more than two dozen current and former officials and business associates and a review of documents show that Mr. Montgomery and his associates received more than $20 million in government contracts by claiming that software he had developed could help stop Al Qaeda’s next attack on the United States. But the technology appears to have been a hoax, and a series of government agencies, including the Central Intelligence Agency and the Air Force, repeatedly missed the warning signs, the records and interviews show.

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A New Smartphone ETF Launches

Filed in AT T, New Gold, o, Spot Gold by on February 20, 2011 0 Comments
A New Smartphone ETF Launches

Filed under: Launches , ETF There’s an apt story in business: There’s always room for one more. Take McDonalds ( MCD ) and Burger King ( BKC ) for example. Burger King competes directly with McDonalds. The same is true in the exchange-traded fund (ETF) craze. There is already an ETF that tracks smartphones: the NASDAQ OMX CEA Smartphone Index ( QFON ). But like Burger King, we have a brand new ETF that tracks smartphones and other major holdings: the First Trust NASDAQ CEA Smartphone Index Fund ( FONE ). Continue reading A New Smartphone ETF Launches A New Smartphone ETF Launches originally appeared on BloggingStocks on Sun, 20 Feb 2011 10:10:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Gold: the ultimate inflation hedge | Al Tech Latest News World

Filed in Australian Gold, Gold, Gold Prices, Indonesian Gold, o by on February 20, 2011 0 Comments

Hе ѕаіd: “It саn аlѕο bе hard tο access аѕ аn asset class: many public еnd up buying assets thаt аrе largely invested іn mining stocks , whісh don’t always reflect gold prices accurately. ” Othеr options include buying gold bullion οr …

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