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I'm always looking for a way to price gold.
No real luck so far but back around 1900 to 1920 $20.70 bought an ounce.
Check out some prices in 1900:
http://www.gti.net/mocolib1/prices/1900.html
Beef, rib roast, was .10 cents a pound.
Now it's about $8.00.......80 Times 1900 prices.
Gold was $20.70 X 80 = $1656.
I chose beef because it's not something easily mass-produced.
Obamma just dropped Larry Summers but don't think that they learned anything.
Allowing the banks to play with our fiat currancy (just keeping them alive after 2008) is pure lunacy.
My Grandfather came over in 1919. His one Dollar is worth .04 cents.
Lets get this right.....he would need $4.00 bucks to buy a loaf of bread and a quart of milk, today.
POP would have to work a day just to buy that bread and milk, today.
If POP got payed in gold ($20 bucks a week, just one ounce) he
just might get frisky with Mom-mom!
Phychologists should be tested for drugs.
They all take something to help them be normal.
Normal is the mark at 12 O'Clock on the washer in my basement.
It has a glass door......
if they stare, maybe they can learn something.
Lemme give ya the Philadelphia lawyer talk---
Allowing an entity or group of financially like minded people to support the political aspirations of an individual is tyranny!!!!
TAXATION without REPRESENTATION (unless you can fund my political career)
Wait a minute....GM is donating to the Dems???
SEPTEMBER 22, 2010 Text
By JOSH MITCHELL
General Motors Co. has begun to once again contribute to political campaigns, lifting a self-imposed ban on political spending put in place during the auto maker's U.S.-financed bankruptcy restructuring last year.
The Detroit company gave $90,500 to candidates running in the current election cycle, Federal Election Commission records show.
Washington Wire
GM Resumes Campaign Contributions
.The beneficiaries include Midwestern lawmakers, mostly Democrats, who have traditionally supported the industry's legislative agenda on Capitol Hill, including Sen. Debbie Stabenow (D., Mich.), Sen. Sherrod Brown (D., Ohio) and Rep. John Dingell (D., Mich.).
The list also includes Virginia Rep. Eric Cantor, the House Republican Whip, who would likely assume a top leadership post if Republicans win control of the House in November.
It isn't unusual for big companies like GM to spend on political campaigns, but complicating GM's situation is that the company is majority-owned by the U.S. government. GM is planning to return to the public stock markets later this year, allowing the U.S. to begin to sell off its roughly 61% stake in the company.
GM spokesman Greg Martin said the company stopped making political contributions in spring 2009 to focus on its taxpayer-financed bankruptcy reorganization.
"As we've emerged as a new company, we're not going to sit on the sidelines as our competitors and other industries who have PACs are participating in the political process," Mr. Martin said. He called GM's political action committee is "an effective means for our employees to pool their resources and have their collective voice heard."
Mr. Martin added that the company has supported members of both parties who "approach issues thoughtfully" and "support a strong auto industry."
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There's something that stinks REALY BAD about a company, majority owned by the American people, supporting the party who bought them?
This takes political funding to a level deeper than whale shoot.
I don't mean to bust on you B4...or anyone for that matter.
Taxes have a lot to do with our economy.
The moral integrety of our Legislative Body decide the scale of taxation.
It's been accepted that the wealthy should pay more and the wealthy will have a greater say in policy.
I'm not against wealth. I think hard work should be rewarded.
Here's my point---------
I don't believe wealth should influence a democracy.
One person, one vote.
If you had 30 Billion dollars, should you be allowed to influence our political process?
The dividend is an insentive for investors to hold or accumulate
shares in a company.............
When a company is close to realizing the total potental of expanding in it's market it offers dividends to offset the investor's urge to move to a growth company.
Google thinks it's market is unlimmited. No dividend.
Investors may think the up-side on stock price is un-bounded because the internet market on advertisement is un-bounded.
The counter to this growth industry (internet advertizing) is
a good company with solid earnings and limmited growth potential.
Take Verizon for the example.....(VZ ticker)
6.3 yearly dividend.
The share price may not get you rich but the dividend will!
Ya want to know why "The Rich" have to pay more in taxes?
They get to influence policy-----
NBC News and news services
updated 1/21/2010 1:43:59 PM ET
WASHINGTON — In a landmark ruling, the U.S.
Supreme Court on Thursday struck down laws
that banned corporations from using their
own money to support or oppose candidates
for public office.
http://www.msnbc.msn.com/id/34822247/ns/politics-supreme_court#
Here's a story of David H. and Charles Koch, Billionaire Libertarians(Koch Industries).
Their influence on the Tea party and Obama.
Very long read.......you'll get the idea in a few pages.....
http://www.newyorker.com/reporting/2010/08/30/100830fa_fact_mayer
These are a couple of realy giving people.
Their contributions and donations are enormous!
Capitolism defined by Carnegie and the early years of New Wealth Benevolance.
http://www.pbs.org/wgbh/amex/carnegie/peopleevents/pande01.html
Here's the question(s)------------
Great Men and great people (like the Koch bros.) can help lead
a Government and a social order...................
Are you alright with this?
Is this the general idea of our Constitution?
Will we give up our lives to people who may be 'better' than us?
Interesting numbers on the Federal Debt------
National debt by U.S. presidential terms
Carter................-.4% decreased debt
Reagan (1st)........49.00% increased "
Reagan(2ent).......40.20% " "
Bush.................32.70% " "
Clinton (1st)......13.20% " "
Clinton (2ent)......-.20% decreased
Bush (1st)........22.80% increased debt
Bush 2005..........3.70% "
" 2006............. 3.40% "
" 2007............. 3.60% "
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
Delaware Masturbators March Against O’Donnell
Largest Pro-wanking Demonstration in History
WILMINGTON (The Borowitz Report) – Galvanized by Republican senatorial nominee Christine O’Donnell’s anti-masturbation stance, masturbators from across the state converged on Wilmington today in what some are calling the largest pro-wanking protest in American history.
Carrying signs reading, “O’Donnell: Hands Off Our Masturbation,” the angry masturbators clogged downtown Wilmington, stopping traffic for blocks.
Harley Farger, a leading Delaware masturbator and planner of the Million Masturbators March, said it was difficult to organize masturbators “because they’re used to acting alone.”
Mr. Farger, the executive director of the pro-monkey-spanking group MasturNation, said that the “wank and file” of his organization believe that masturbation is an inalienable right guaranteed by the Constitution.
“Our country was founded by rugged individualists,” he said. “And you know what individualists like to do.”
He said that Ms. O’Donnell’s anti-whacking position was “ill-timed,” adding, “In this economy, masturbation is one of the few simple pleasures people still can afford.”
Tracy Klugian, a homemaker and masturbator from Dover, Delaware, said she is “puzzled” by what she sees as the contradictory nature of candidate O’Donnell’s position: “If you’re against masturbation, why would you want to serve in Congress?”
A spokesman for the Wilmington Police Department, Crandall Darlington, said that the Million Masturbators March could cost the city tens of thousands of dollars, “especially when you include the cost of cleaning up afterwards.”
http://www.borowitzreport.com/
The words are real good but will/can he do anything?
Charts are half art and half science.
Patterns do repeat and I think you have a winner here.
Once again it pays to follow B4ATF.
The Ralley To Resore Sanity could get crazy. Hahha
http://www.rallytorestoresanity.com/
Those Comedy Central guys are at it again
Market Nuggets: Goldman Says Move To $1,300 Gold Could Accelerate
17 September 2010, 9:55 a.m.
By Allen Sykora
Of Kitco News
http://www.kitco.com/
(Kitco News) - Goldman Sachs says there are some potential factors that could speed up gold’s rise to the investment bank’s six-month target of $1,300 an ounce. However, Goldman also lists a long-term risk. “For gold, we maintain that the low U.S. real interest-rate environment will allow prices to continue to move higher, with a 6-month target of $1,300/oz,” Goldman says. “Further, we expect that a resumption of quantitative easing would likely accelerate the move to our 6-month price target and provide upside risk to our forecasts.” Additionally, Goldman says, while speculative net length in Comex futures is approaching its highest level of the year, gold ETF holdings rose only “modestly” in August and are flat over the past three weeks. This suggests “gold prices could move faster to our 6-month target should gold-ETF buying come back to the market following the recent rally to a new record-high gold price.” Goldman lists a 12-month forecast of $1,365. Still, Goldman cites a “considerable” long-term downside risk, should the Federal Reserve tighten monetary policy earlier than expected.
Chilli is all about beans.
Great reminder Dobe.
Fundamentals are great and you might want to run some numbers-
3/4 cu. yd. = 1 ton
The great unknown is Gm or Oz./ton or cu. yd. with aluvial or placer mining.
We are in ancient gravel. Deposits that may be older than human history. That's not the case in 2009.
The idea that SGC is black on it's books is good for me right now.
Great read b4.
I did my chilli in a tomato base with beans and that's not chilli they tell me.
Throw cheese on top and they'll love it.
Trubble in Paradise? Repubs vs. Tea Party:
Love to see our troops in Afganistan capture that bastard!
A public execution would make me very happy!
I'm not big supporter for the death penalty.
Suffering a life in prison is good for most.
But I'd make an exception for that bastard.
You can call me a sick-o......I'd run the video on a loop.
History can be a bite in the ass if only they remembered.
I don't know if that's driving up gold today.
It's not a fact yet (QE) but if Goldman talks the market listens.
Nifty pictures of gold bars-----
http://www.goldbarsworldwide.com/
Quantitative Easing???? Roll the presses!
September 14, 2010, 10:10 AM ET.Goldman: Fed May Announce New Asset Buys in November.The U.S. Federal Reserve could announce a new program of asset purchases to support a weak economy as early as November, according to Goldman Sachs Group Inc.
“We don’t expect this at the Sept. 21 meeting, but in November or December there’s certainly a possibility that it will be announced,” Jan Hatzius, chief economist at the bank, said Tuesday. He added the Fed is likely to buy U.S. Treasurys worth around $1.0 trillion to kick-start the economy.
To fight the financial crisis in 2008 and 2009, the Fed bought $1.7 trillion in mainly mortgage-backed securities, a move that helped to keep mortgage and other long-term borrowing rates low. That program ended in March. But with the recovery slowing, the Fed said Aug. 10 that it would reinvest the proceeds of mortgage bonds into U.S. Treasurys to prevent its portfolio of securities from shrinking. The question now is whether the central bank will start a new program of asset purchases that would increase the size of its $2.0 trillion balance sheet further.
Goldman Sachs expects this to happen soon given the weakness in the U.S. economy as a result of lower business inventory accumulation and a fading fiscal stimulus. The bank expects the U.S. unemployment rate to creep back up to 10% by early 2011 from 9.6% in August and to stay around that level for most of the year.
U.S. inflation is predicted to continue slowing to 0.5% by the end of next year from around 1.0% currently. That would be well below the Fed’s informal target of between 1.5% and 2.0%.
The upcoming meetings of the Fed’s policy-setting committee this year are Sept. 21, Nov. 2-3 and Dec. 14.
http://blogs.wsj.com/economics/2010/09/14/goldman-fed-may-announce-new-asset-buys-in-november/
Quantitative Easing???? Roll the presses!
September 14, 2010, 10:10 AM ET.Goldman: Fed May Announce New Asset Buys in November.The U.S. Federal Reserve could announce a new program of asset purchases to support a weak economy as early as November, according to Goldman Sachs Group Inc.
“We don’t expect this at the Sept. 21 meeting, but in November or December there’s certainly a possibility that it will be announced,” Jan Hatzius, chief economist at the bank, said Tuesday. He added the Fed is likely to buy U.S. Treasurys worth around $1.0 trillion to kick-start the economy.
To fight the financial crisis in 2008 and 2009, the Fed bought $1.7 trillion in mainly mortgage-backed securities, a move that helped to keep mortgage and other long-term borrowing rates low. That program ended in March. But with the recovery slowing, the Fed said Aug. 10 that it would reinvest the proceeds of mortgage bonds into U.S. Treasurys to prevent its portfolio of securities from shrinking. The question now is whether the central bank will start a new program of asset purchases that would increase the size of its $2.0 trillion balance sheet further.
Goldman Sachs expects this to happen soon given the weakness in the U.S. economy as a result of lower business inventory accumulation and a fading fiscal stimulus. The bank expects the U.S. unemployment rate to creep back up to 10% by early 2011 from 9.6% in August and to stay around that level for most of the year.
U.S. inflation is predicted to continue slowing to 0.5% by the end of next year from around 1.0% currently. That would be well below the Fed’s informal target of between 1.5% and 2.0%.
The upcoming meetings of the Fed’s policy-setting committee this year are Sept. 21, Nov. 2-3 and Dec. 14.
http://blogs.wsj.com/economics/2010/09/14/goldman-fed-may-announce-new-asset-buys-in-november/
They want $3500 buck from Philly to Sierra Leone
Don't think I won't stash a few diamonds and nuggets in my pocket!
$3500 @ .0014= 2.5 MILLION SHARES!!!!
Screw the surfboard ... I'm bringing a shovel and gogles!
Axe and an Ades and I'll make a freekin sluce!
Be prepared to work!
And don't touch my whiskey!
Hahahahahaha
Now that's some funny stuff!
Geoduck? I call mine 'Lemmie'
Like 'lemmie scratch that for you'
Or 'lemmie get to know you better'
Hummm maybe 'lemmie get this right, that was your mom?'
Where ya from lover? I'll try to get ya a flight to Freeport?
http://www.2camels.com/cheap-flights/sierra-leone.php
Can't go wrong with a company like "Two Camels"!
You're the best b4, I find the best answers at the bottem of a jug!
Forgive me, but what you say is that there's plenty here for every one's needs and never enough for everyone's greed.
Thomas Jefferson was a visionary.
The Constitution is his thoughts in finding best of each of us.
Even when his neighbors and friends freed thier slaves, he kept his untill his death.
The debate raged for almost 100 years until the Civil War.
I hope we don't compromise our future for the next 50 years waiting for independance from coal and oil.
Here's my #195 post---
FORTUNE -- "If Republican leaders were serious -- and gutsy -- about using the Gulf oil spill as an opportunity to put the nation on a sane energy course, they'd pull out a little-noticed bill sponsored by Arizona's Jeff Flake and South Carolina's Bob Inglis and plop it atop their 2010 campaign book.
"But they won't. It's politically lethal.
"Here's how the argument goes: When economic transactions impose a cost or a benefit on individuals who are not part of the transaction, "Adam Smith's invisible hand will fail to lead to an efficient outcome." Therefore, Pigou -- "sometime friend and sometime nemesis to his more famous colleague John Maynard Keynes," as Mankiw notes -- argued that individuals and institutions should be charged for the external costs they impose on others."
http://money.cnn.com/2010/08/31/news/economy/republicans_carbon_tax.fortune/index.htm
ref-Adam Smith-http://plus.maths.org/issue14/features/smith/
ref-Arthur C. Piguo-http://www.econlib.org/library/Enc/bios/Pigou.html
You're talkin my language.
I like the idea of a carbon trade.
Very much.
I'm stronger and I should rule? And the biggest corporation should rule?
I am the govenment. That's what democracy is all about (Circa 1776)
There's a good side to capitolism; one that pays as it goes.
The other side has no Anti-Trust rules and one can gobble up the other untill there's only one left and that's the end of capitolism.
Absolutely! Capitolism is a great game if everyone plays by the same rules.
The idea 'invisible hand' is all about the Greenspan years.
But it is as old as Adam Smith.
We've been smoked!
I don't think the tea party wants to beleive that a free market isn't a fair market.
DOH! Laissez-faire?
I thought that went out with the Buggy-Whip. Hahaha
Many of my freinds have to help support extended families looking for work.
Capitolism should be used by humanity.
It's been the other way around.
I should state that better.
Bush's bailout and Obama's stimulus were bouth hated and needed.
Bouth will cost votes for the Repubs and Dems.
I think bouth were needed.
The Stimulus Bill wasen't as bad as I thought either.
We were on the verge of a meltdown because of the housing bubble.
I'm truly happy you got in and out. You did the right thing.
Lehman Bros wasen't that lucky. Paulson let one fail. Bear Sterns ran outta time.
From March 17,2008
http://www.aim.org/aim-column/bushs-big-bank-bailout/
Just because they look alike and they all own shares of Haliburton.......
That doesen't make the Minataur a bad person.
High Frequency trading and 'Quote stuffing' BUSTED!
FINRA Sanctions Trillium Brokerage Services, LLC, Director of Trading, Chief Compliance Officer, and Nine Traders $2.26 Million for Illicit Equities Trading Strategy
“Trillium’s trading conduct was designed to improperly bait unsuspecting market participants into executing trades at illegitimately high or low prices for the advantage of Trillium’s traders,” said Thomas R. Gira, Executive Vice President, FINRA Market Regulation. “FINRA will continue to aggressively pursue disciplinary action for illegal conduct, including abusive momentum ignition strategies and high frequency trading activity that inappropriately undermines legitimate trading activity, in addition to related supervisory failures.”
http://www.businesswire.com/news/home/20100913006394/en
High Frequency Trading and price manipulation by 'quote stuffing'
Dow Jones News Wire-----
The Financial Industry Regulatory Authority said it had censured and fined Trillium Brokerage Services LLC $1 million and fined and suspended 11 of its employees in connection with using an “illicit high-frequency trading strategy and related supervisory failures” to gain an advantage.
The financial regulator said that through nine proprietary traders, Trillium entered “numerous” layered, market-moving orders that generated selling or buying interest in specific stocks. By entering those orders, Trillium traders “created a false appearance of buy- or sell-side pressure,” Finra said, noting that because of the strategy, the traders got advantageous prices that otherwise wouldn’t have been available to them on 46,000 occasions.
Finra said it fined the traders, Trillium’s director of trading and its chief compliance officer a total of $802,500 and ordered a combined $292,000 of disgorgements. The 11 people were suspended from the securities industry or as principals for periods ranging from six months to two years.
In settling the case, the small New York brokerage and the employees didn’t admit or deny the charges but consented to the entry of Finra’s findings.
BLOOMBERG LINK----
http://www.bloomberg.com/news/2010-09-13/trillium-brokerage-fined-1-million-by-finra-over-illegal-trading-strategy.html