It's Friday, I have a lot of snow shoveling to do this morning and no good ideas for a one day post. I have a series bouncing around my "little grey cells", but it's not ready this morning.
Krypto's model finally gave a stronger buy signal for gold & silver. I will be buying some GLD and SLV in a 2:1 ratio this AM.
The municipal bond buy program is over. Upon a decent sized move up in stocks, I will be selling those higher and buying more municipal bonds provided their yields remain over 5% for the good quality bonds I like.
That's all for now.
Word of the Day
"Camarilla" - noun [$10]
Camarilla means a cabal or clique
Sentence: DC has devolved into competing camarillas, each fighting for time at the hog trough. We need some leaders to engage the American public to develop a national consensus on America's long term problems.
from wsj today
ReplyDeleteA huge trade by a tiny hedge fund has sent shudders through the gold market.
Thanks to the nature of futures trading, Daniel Shak's $10 million hedge fund held gold contracts valued at more than $850 million, more than 10% of the main U.S. futures market, and the equivalent of South Africa's annual gold production.
i have no problem whatsoever with that............the guy is a speculator...........if he's wrong........his clients fire him.........of course the Bman doesn't think so
'view from the politburo'
Bman are gold futures an assett class ??
ReplyDeletebeefers are back .......and back in force.....also from wsj today
ReplyDeleteHedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010—likely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his "short" bets against subprime mortgages in 2007.
regulations should prohibit such leverage and size.
ReplyDeleteHas anything good ever come outta friday prayers???....Bud put some manners on your people...or have Barb do it....
ReplyDeleteBunky...you doing all the work while ur plow guy does the cake walk job..."If ya want the cake..ya do the walks..or I gotta get somebody else"...no extra vig...mountains of $$$ wont mean shit if you have a heart attacker...
ReplyDeleteYankee beans...Yankee beans...Bunky likees...his... yankee beans...looool
ReplyDeleteI wish you got that Bunk..lol
ReplyDeletethanks for GLD,SLV...."helluva call bunk"
ReplyDeleteBman are you watching the streets of Cairo burn ??
ReplyDeletewhat a pussy our president is.........we should be on the side of freedom..........i know that's what Ronnie would say
Bunky...you doing all the work while ur plow guy does the cake walk job..."If ya want the cake..ya do the walks..or I gotta get somebody else"...no extra vig...mountains of $$$ wont mean shit if you have a heart attacker...
ReplyDeleteYes, he did a lousy job this last storm ... I am a bit pissed. And I think I should ask for them to do this extra work. I'm exhausted.
re Cairo, yes ... troubling being on the side of a dictator.
ReplyDeleteAlso, my partner is in Egypt now on a tour ... I'm a bit worried.
Ronnie? Ronnie from the Jersey Shore? he's too busy pitching Xenadrine to worry about Egypt
ReplyDeleteI HOPE THEY HIT GOLD TONIGHT...I DONT KNOW IF I CAN TAKE ANOTHER DEPRESSING SHOW...GET IT TOGETHER JAYYYACKK HOFF---MAN..."DISSH TIME NYEXT WEEK...WE COULD HAVE A MIYYYION DOLLARS IN GOOOOLLLD"
ReplyDelete"Were all millionaires men....All we have to do is get the gold out of the ground"
ReplyDeleteloooool
ReplyDeleteyashe..dishhh is the gooold flaaaaake....its on the datoppp
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ReplyDeletehandshake bunk..didnt see your partner post
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteEnjoy the weekend.
ReplyDeleteSpring rolls this weekend ... and a Golden Krytptonite Martini each days.
Good luck spells for all.