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This downturn will make it difficult for him to continue shittily run the company. Certainly not a hostile takeover, but it'll be interesting to see some big boys come forward with a new basket of shares and an opinion to sell to networks...
VC
**********ATTN GIOVANNI*************
30 year bond, VIX and... (gasp) GOLD are the only investments UP over 1%.
http://finviz.com/futures.ashx
VC
Literally or figuratively? 3%?
VC
I'm the first to admit that it seems incredulous to think pm's have moved very little in contrast to an 1800 pt Dow drop. (cue Giovanni)...
VC
Mick- I've never understood P&F charts. What is this telling us? Thanks.
VC
$300MM buy-back, but when? $10? $5?
VC
It's all interconnected, no?
VC
The Chinese are devaluing their currency because they know the feckless and dependent nature of western peoples, currencies and institutions. Didn't the August flash crash teach you anything?
So, after devaluing their own currency and appearing to have destroyed their own markets, they'll unveil a new currency. One that will surpass that of any western currency. New money will flock to its currency and the dollar will be the latest fiat to implode.
So, yes, dollar will rise for a period of time, but that period of time will be short lived (pun intended).
Think on this, Giovanni.
VC
No biggie... just send me a tube of Silver Eagles. That'll show Giovanni the real value of silver as currency...
VC
Ok, ok. That's enough. I just spit my coffee upon my keyboard!!!!!!!!!!!!
You owe me a replacement.
VC
Giovanni- What's going to happen between now and the launch of the Shanghai Fix? China will continue to devalue while its markets bleed more. Then, in April, China will revalue its currency in terms of a gold standard. When that happens, gold and silver will reprice over night. An ensuing rally in pm's is one you "don't sell" (Sinclair) because the dollar will be worthless around the world. The only wild card? Is there gold in the hills of Fort Knox? We shall see.
VC
Kudlow on CNBC: "Gold to oil ratio suggests sell gold". Is this how they're going to reduce the gold/silver ratio? Sure looking like it.
VC
Please tell me that, minimally, see an economic reset, G. If not, we just cannot have an intellectually honest discussion. Nothing goes on forever. Vacuums are meant to be filled... But by whom and by what is the question. I vote physical first and, eventually, a new fiat soon to follow.
VC
And I'm not a bit worried about it. All my fiat is either shorting a bloated pig of a market it sitting in a money market crock pot. Oh, and some of it has been transformed into the next currency...
VC
Ahhhh, the smell of ego...
VC
Thursday, eh?
VC
Good grief. When are pm's going to perform? Dow down 2.5K from ATH but we can't get some movement? Load up, I guess.
VC
That's what I was thinking too.
VC
Good analysis.
VC
Actually, China holds very little of our debt.
VC
Very good analysis. I think the best value will be oil. Way too many variables to keep oil this low for a sustained period of time, IMO.
VC
Honestly, I really don't know what to think, JCM. Ratio is higher than 1970!!!!!
VC
Ty, JCM.
VC
8.98-9.30 within 5 minutes, lol
VC
85:1
But, I'm referring to gold/oil ratio. Thanks.
VC
No. gold to OIL ratio. But, yes, silver/gold ratio is 79:1. Highest, I believe is 85:1
VC
I read somewhere that the gold/oil ratio is nearing record ratios.
VC
OK, so I oil and silver have filed for a divorce. Hoping it sticks for good.
VC
Has silver always moved with crude? I'm a fairly new physical holder and paper observer. Thanks.
VC
Apparently, you didn't know that POTUS will soon be UN Secretary...
VC
Not enough carnage. Nice bounce, but this is a macro story. And that story has yet to come to conclusion.
VC
Amazing.
VC
Come on. By now, the only folks buying UWTI are seasoned vets who set stops. Just stop!
VC
Wow. Bullish cup and handle on the crude daily.
VC
What's your projected time frame? Thanks.
VC
Could be a head and shoulders too, which wouldn't be good. 31 would be good for sure, though.
VC
Hmmm... triple bottom on the daily, but still pennies from 29's. Someone defending 30?
VC
Not looking good now. Lower lows, imo. Maybe a triple bounce off LOD @30.07?
VC