Haystack December 2011

English language haystack
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Paul
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Re: Haystack December 2011

Post by Paul » 10 Dec 2011, 12:08

"Taxes are a barbaric relic of the past"


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Paul
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Re: Haystack December 2011

Post by Paul » 10 Dec 2011, 14:31

"Taxes are a barbaric relic of the past"

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Rasta
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Re: Haystack December 2011

Post by Rasta » 12 Dec 2011, 12:57

Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Re: Haystack December 2011

Post by Rasta » 13 Dec 2011, 23:17

MF-Global going under, at least it is a nice show with the appropriate dirt throwing sessions:

Zerohedge: CME Executive Chairman Terry Duffy Throws Jon Corzine Under The Bus, Implies The "Honorable" Governor Lied Under Oath
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Re: Haystack December 2011

Post by Rasta » 14 Dec 2011, 20:33

Setting the atmosphere of the things to come. We see more and more isolated incidents, and slowly they merge to become what Von Greyerz is describing.....

The sky has grown yet a little darker above the Western World, as tragic incidents follow up each-other in record speed.

King World news: Von Greyerz - Currency Collapse, Hyperinflation & Social Unrest

Image
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Rasta
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Re: Haystack December 2011

Post by Rasta » 15 Dec 2011, 22:15

15 Brilliant Insights From Hedge Fund Superstar Kyle Bass

On why he owns so much gold...

"My opinion is very simple as a fiduciary... to the extent that you own gold and you are going to own it a long time --it's not a trade. It costs us about 90 basis points a year to roll it through financial futures contracts," he said.
"And then we went and looked at the COMEX. The COMEX at the time they had about $80 billion in open interest between futures and futures options. In the warehouse they had $2.7 billion of deliverables. So $80 billion in open interest -- $2.7 billion in deliverables. We’re gonna own it a long time. You're on the board, as a fiduciary, what do you do? That’s an easy one. You go get it. So you go take a billion of $2.7 billion and you let them worry about the rest."
"When I talked to the head of deliveries at COMEX NYMEX, I was like, 'What if 4% of the people want deliveries?' He said, 'Oh Kyle, that never happens. We rarely ever get a 1% delivery.' And I asked, 'Well what if it does happen?' And he said,'Price will solve everything' And I said, 'Thanks, give me the gold.'"

Read more
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Rasta
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Re: Haystack December 2011

Post by Rasta » 16 Dec 2011, 22:31

This certainly should drop your pants down, or should have you carried out on a stretcher with your pants down

King World News: Egon von Greyerz

Interview page, mp3 [20:27]
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Rasta
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Re: Haystack December 2011

Post by Rasta » 20 Dec 2011, 09:42

Jim Rickards keeps stressing that the US could confiscate all the world's gold, that is physically stored in the US.

A review from his book Currency Wars.

But, what if most of that gold isn't there, and sold already to private hands?
And, what is different from 1945 - when most gold was legally owned by the US treasury - today the total (supposably unencumbered) central bank holdings is way way lower.
Image

It may very well be, that the gold in private hands is going to dictate the outcome of the things to come. Those who have it, can vote with their gold.
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Rasta
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Re: Haystack December 2011

Post by Rasta » 20 Dec 2011, 11:38

Do read the King World News blog entry with John Williams
Image

“Dollar Debasement Has Just Begun. Despite all of Wall Street’s negative hoopla over gold during the price volatility of the last week, the precious metal still is on track to outperform the Dow Jones Industrial average, meaningfully, for the year. That would be the eighth consecutive year of doing so. Irrespective of any recent or future extreme price swings, however, I look at gold as the long-term hedge against all that has started to unfold in the ultimate debasement and destruction of the U.S. dollar.”

The long-term cost of these actions remains inflation. Inflation, however, is likely to be a very near-term effect this time as well. The various economic and financial outlooks remain as discussed in Hyperinflation Special Report (2011); they will be reviewed in the pending Hyperinflation 2012.

Despite the September 5th historic-high gold price of $1,895.00 per troy ounce, and despite the multi-decade-high silver price of $48.70 per troy ounce, gold and silver prices have yet to re-hit their 1980 historic levels, adjusted for inflation.

The earlier all-time high of $850.00 of January 21, 1980 would be $2,472 per troy ounce, based on November 2011 CPI-U-adjusted dollars, $8,702 per troy ounce based on SGS-Alternate-CPI-adjusted dollars.

In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce, although approached earlier this year, still has not been hit since 1980, including in terms of inflation-adjusted dollars. Based on November 2011 CPI-U inflation, the 1980 silver price peak would be $144 per troy ounce and would be $506 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.”

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Also listen to this old interview on Financial Sense Newshour - John Williams: No Way Out! (originally aired 05/31/11) mp3 link [31:33]
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Rasta
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Re: Haystack December 2011

Post by Rasta » 21 Dec 2011, 11:01

King World News: London Trader - There are Tremendous Silver Shortages

“It is so tight, the silver market is so tight that we’ve been waiting three weeks plus, before this takedown, for deliveries of size to arrive. I’m talking about tonnage orders. This is also key, most of the silver being delivered was refined after the orders had been placed, and again, that was before the takedown. You can just imagine how long the wait times will be going forward.”

The London Trader continues:

“This game is getting so stretched that it’s going to break. You don’t think the Chinese know this stuff. If we get a close above the 200 day moving average in the mid 30’s on silver, watch silver immediately pop $2 or $3. Silver is totally incredible. There is nobody in COMEX silver contracts anymore, other than casino players. The only way they have been able to keep silver depressed is by borrowing silver from SLV to meet immediate demand. That’s the only reason silver isn’t trading $10 to $15 higher right now.”

read on
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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