Santelli speaks the obvious and is a voice of reason.
This is what I've been saying for quite some time now. And for non-essentials that I'm not buying, I replace those purchases with an exchange of fiat dollars for gold and silver.
What a mindless post 8:30. Buy SILVER and GOLD and sell it for a profit--- TAX FREE---. No cost to carry it, as in your bank (pay taxes on your .01 interest.) Easy to transport because dummies like you don't know what it looks like, if you were to rob me. You'd ask for the cash as I walk away with the metals. Earns all the interest in the world as the dollar devalues daily. Down 89% since 1913.
Interest! LOL. At least there's no bastard failing banker, naked short-selling stockbroker, class warrior taxman, golden parachuting CEO or inflation-happy fed chairman hiding in your cupboard, shaving slivers off of your PMs with a nail file. (They would if they could, the bastards.)
I'll forgo the prospect of usury for the guarantee of protection, up until the point where confiscation occurs.
Federal Reserve can roll up its texbook and shove up its ass. They rake in so much money they do not care if the prices go up. I know that a goose in my local store is $57 f$kin dollars. And this clown has a nerve to say there is no inflation.
I bought LVS stock at 1.66 per share. I outperformed your shiny crappy metal by a landslide in 2009 alone. HAHAHA! I also bought SKS at 4.80, and GTN at 1.00. These two alone will outperform gold. Gold is a weak investment at best. Short it with ETF DZZ, if you want to make a fortune. I will buy DZZ around 13-15 dollars so your gold has a few more dollars to gain before I start hedging against it.
As for the 8:51 post:
bastard failing banker - Ben Bernanke he will shave it off when he raises interest rates.
naked short-selling stockbroker - Anyone can short gold and it is being manipulated like any other commodity.
class warrior taxman - when you buy or sell through a real broker you pay tax
are just a few of the people that will "shave slivers away".
As for Celente himself. The man is brilliant and I respect him.
Anonymous #4, the Federal Reserve CREATES inflation. It seems like you're implying the Fed has a nonchalant attitude about inflation. They make it up for their advantage.
The real reason for all the bailouts and funny money is because America's creditors are asking to see their books for all the debt they've accumulated. Because their accounting is so criminal, they are scrambling to summon the funds to balance it. The race is on. China and Japan (mainly) aren't going to wait around forever.
You don't get it do you 7:21? End of the day an ounce of gold is still an ounce of gold, no matter what games they play. Nothing is "shaved off". Your short sellers are losing control. And where I am I don't get taxed on PM purchases.
And most of the general public who gamble the stock market lose, especially in these days. High frequency trading, failure-to-delivers and currency collapse help ensure that. Face it, the corruption has made stocks a mug's game for all but insiders and manipulators.
Well if the bankers arent crying yet and still rockin it out at hooters and strip clubs like I see them do, I will sleep ok tonite.lol.once hooters and the rest of these classy establishments are gone, then we know this economy means business. right now, pass the beer nuts.
Hooters Hotel in LAS VEGAS is done, so is the Airline. Takes a tiny amount of time for the rest of them restaurants to collapse. Sir, your beer nuts are ready.
557, let me keep the beer nuts alittle longer, I didnt hear that about the hotel, or the airlines, but I will wait it out, the restarants are still strong, and the b**bies are still being mass produced, I still see plenty of them ,so the stock boys are still payin up.once the playboy bunnies leave town, deflated,I will push back the beer nuts,but keep me posted.
5:24, I didn't buy anything this year that lost (or at least the positions I took in them traded for an OVERALL gain). Up in everything so far. CNO, SSW, LVS, C, HBAN, OSK, MPG, GTN are the holdings I have had this year (i.e. equity positions that I have traded). Did a little commodity trading and currency trading, too, but nothing has moved like the equity markets unless you are trading currency with max leverage short dollar.
Last year shorted oil through DUG and was up double digit percentage in portfolio.
I am a technical trader and have logged about 1000 trades this year so far on equity platform, so am not your average investor.
Santelli speaks the obvious and is a voice of reason.
ReplyDeleteThis is what I've been saying for quite some time now. And for non-essentials that I'm not buying, I replace those purchases with an exchange of fiat dollars for gold and silver.
What? Who wants a barbarous relic such as Gold or Silver? Doesn't earn interest, isn't easily convertible or transportable... What are they good for?
ReplyDeleteWhat a mindless post 8:30. Buy SILVER and GOLD and sell it for a profit--- TAX FREE---. No cost to carry it, as in your bank (pay taxes on your .01 interest.) Easy to transport because dummies like you don't know what it looks like, if you were to rob me. You'd ask for the cash as I walk away with the metals. Earns all the interest in the world as the dollar devalues daily. Down 89% since 1913.
ReplyDeleteInterest! LOL. At least there's no bastard failing banker, naked short-selling stockbroker, class warrior taxman, golden parachuting CEO or inflation-happy fed chairman hiding in your cupboard, shaving slivers off of your PMs with a nail file. (They would if they could, the bastards.)
ReplyDeleteI'll forgo the prospect of usury for the guarantee of protection, up until the point where confiscation occurs.
Federal Reserve can roll up its texbook and shove up its ass. They rake in so much money they do not care if the prices go up. I know that a goose in my local store is $57 f$kin dollars. And this clown has a nerve to say there is no inflation.
ReplyDeleteA goose? I'm confused. I'll goose you for a lot less!
ReplyDeleteI bought gold at $350 in 2003.
Now it's 1045.
That's about 3x return in 6 years. Works out to about 50% return a year. That's far better than any hedge fund or Berkshire-Hathaway.
I bought LVS stock at 1.66 per share. I outperformed your shiny crappy metal by a landslide in 2009 alone. HAHAHA! I also bought SKS at 4.80, and GTN at 1.00. These two alone will outperform gold. Gold is a weak investment at best. Short it with ETF DZZ, if you want to make a fortune. I will buy DZZ around 13-15 dollars so your gold has a few more dollars to gain before I start hedging against it.
ReplyDeleteAs for the 8:51 post:
bastard failing banker - Ben Bernanke he will shave it off when he raises interest rates.
naked short-selling stockbroker - Anyone can short gold and it is being manipulated like any other commodity.
class warrior taxman - when you buy or sell through a real broker you pay tax
are just a few of the people that will "shave slivers away".
As for Celente himself. The man is brilliant and I respect him.
Anonymous #4, the Federal Reserve CREATES inflation. It seems like you're implying the Fed has a nonchalant attitude about inflation. They make it up for their advantage.
ReplyDeleteThe real reason for all the bailouts and funny money is because America's creditors are asking to see their books for all the debt they've accumulated. Because their accounting is so criminal, they are scrambling to summon the funds to balance it. The race is on. China and Japan (mainly) aren't going to wait around forever.
You don't get it do you 7:21? End of the day an ounce of gold is still an ounce of gold, no matter what games they play. Nothing is "shaved off". Your short sellers are losing control. And where I am I don't get taxed on PM purchases.
ReplyDeleteAnd most of the general public who gamble the stock market lose, especially in these days. High frequency trading, failure-to-delivers and currency collapse help ensure that. Face it, the corruption has made stocks a mug's game for all but insiders and manipulators.
Well if the bankers arent crying yet and still rockin it out at hooters and strip clubs like I see them do, I will sleep ok tonite.lol.once hooters and the rest of these classy establishments are gone, then we know this economy means business. right now, pass the beer nuts.
ReplyDelete7:21 and what did you buy that lost?
ReplyDeleteAlso, it's nice that you want to play the game that way, but I'm hedging against an outright currency failure.
*spins wheel*
Hooters Hotel in LAS VEGAS is done, so is the Airline. Takes a tiny amount of time for the rest of them restaurants to collapse. Sir, your beer nuts are ready.
ReplyDelete557, let me keep the beer nuts alittle longer, I didnt hear that about the hotel, or the airlines, but I will wait it out, the restarants are still strong, and the b**bies are still being mass produced, I still see plenty of them ,so the stock boys are still payin up.once the playboy bunnies leave town, deflated,I will push back the beer nuts,but keep me posted.
ReplyDelete5:24, I didn't buy anything this year that lost (or at least the positions I took in them traded for an OVERALL gain). Up in everything so far. CNO, SSW, LVS, C, HBAN, OSK, MPG, GTN are the holdings I have had this year (i.e. equity positions that I have traded). Did a little commodity trading and currency trading, too, but nothing has moved like the equity markets unless you are trading currency with max leverage short dollar.
ReplyDeleteLast year shorted oil through DUG and was up double digit percentage in portfolio.
I am a technical trader and have logged about 1000 trades this year so far on equity platform, so am not your average investor.