Hugh

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  • Picking Apart the WSJ's Manipulative Gold Reporting
    Toni,
    Thanks for the clearly written and informative article. Statists can hardly stand the idea that there are people out there who own gold and are therefore immune to their exploits, just as criminals hate thick-walled safes.
    Jan 30 13:49 pm |Rating: 0 0 |Link to Comment |View article
  • Goldman Bullish on Barrick and Gold Price
    Maybe they went long when their shorts didn't work.
    Jan 18 09:53 am |Rating: 0 0 |Link to Comment |View article
  • Goldman Bullish on Barrick and Gold Price
    I think is was only three or four weeks ago that Goldman said gold was going down. Anyone remember this?
    Jan 18 08:44 am |Rating: 0 0 |Link to Comment |View article
  • Buy Gold on Emotion, Not Fundamentals!
    Emotions are fundamental. Fear is a big driver of all markets, maybe the biggest driver of all.
    Jan 09 15:20 pm |Rating: 0 0 |Link to Comment |View article
  • Most Commodities Currently Overbought, Led By Gold
    Also consider this: When something is bought, it is owned. Over bought then equals over owned. The only cure for this situation would be to toss some gold in the ocean or eject some into space in order to reduce ownership levels. When one thinks it over, the whole idea is terribly absurd.

    Also notice these charts are worthless drivel. The truth is that the shaded areas are drawn in after the market has determined the price. To assume prices ought to somehow stay in the shaded areas, that these charts determine how everyone on the planet who buys coffee or gold ought to act is insane.
    Jan 07 21:30 pm |Rating: 0 0 |Link to Comment |View article
  • Value of Gold Over the Ages
    I would like to see the world's population plugged into the figures.
    Jan 07 14:49 pm |Rating: 0 0 |Link to Comment |View article
  • Most Commodities Currently Overbought, Led By Gold
    Before something can be bought it must be sold. If it is overbought it must therefore be oversold at the same time. The two concepts negate each other.

    The concept of 'overbought' is therefore spurious. How this phrase crept into the investment world is unknown by me, but I would like to see it creep out.
    Jan 07 14:45 pm |Rating: 0 0 |Link to Comment |View article
  • 13 Predictions for 2008
    Ron Paul has the right ideas, ideas that he didn’t invent, but were already there, given to us by Locke, Jefferson, Adam Smith, von Mises, Rothbard, Rand, etc.

    All he has to do is regurgitate these ideas in an effective way. What does he do? He stumbles over the questions, looks very weak and afraid. The other night on CNN with Jeff Beck, Paul had a full hour. He answered questions with a, “yeah,” instead of a “Yes.”

    He is the last chance for Freedom, and is blowing it. I sent him money, worked the town, etc. Not any more. Paul is a little Jerk, a huge disappointment.

    Jan 04 08:18 am |Rating: 0 0 |Link to Comment |View article
  • My Ten Predictions for 2008
    One feature of free markets is the tendency of commodity prices to average over entire markets. In free markets, gold will not be $900 in one area and $700 in another, freedom of movement will dictate a price of $800.

    On thing Tan doesn't mention is that labor is a commodity, and American's labor will further merge with the world's price for labor. A low-skilled American can no longer count on selling his labor-commodity at $25,000 per year when those in India demand $5,000, and billions of people in other countries demand even less.

    Expect prices for many goods to inflate, except for real estate and American labor. It doesn't look good for millions of Americans.
    Dec 28 01:23 am |Rating: 0 0 |Link to Comment |View article
  • Using Gold as Crystal Ball for Inflation
    I can't see a correlation unless I let my imagination run wild. A chart can't tell you when China is going to buy 1000 tons or when France is going to sell 500.
    Dec 27 11:16 am |Rating: 0 0 |Link to Comment |View article
  • A Closer Look At the Gold Price Chart
    The charts say anything you want them to say. Some finance official in China may decide to buy 1000 tons starting on January 5th, or another official in France may decide to sell as much. Charts are Crap.

    I believe one must be basically dishonest to use chart talk.
    Dec 24 06:57 am |Rating: 0 0 |Link to Comment |View article
  • Is Paper Money Going the Way of the Dinosaur?
    19,000 scientists say man-made global warming is crap: www.oism.org/pproject/

    Gore is lying, take a close look at his face.
    Dec 22 09:00 am |Rating: 0 0 |Link to Comment |View article
  • Greenspan: Throw Cash At Mortgage Crisis
    Think it might be a good time to own gold?
    Dec 18 03:39 am |Rating: 0 0 |Link to Comment |View article
  • Bill Fleckenstein On Alan Greenspan's 'Don't Blame Me' Attitude
    Seems that Hugh blew you guys out of the water.

    Hugh: 28
    opponets: 0
    Dec 15 01:15 am |Rating: 0 0 |Link to Comment |View article
  • Bill Fleckenstein On Alan Greenspan's 'Don't Blame Me' Attitude
    Most sensitive people are in denial. I can tell you folks have had more training in evading personal responsibility than the simple idea of “caveat emptor,” or “let the buyer beware.”

    It seems to me that, after having spent thousands and thousands of hours in school, that somewhere along the line this idea would be taught, that it would be driven into the heads of students. After all, school ought to prepare young people for the real world. The real world is mostly the market place.

    The fact is that government schools (probably private as well, but I have no first hand experience with private schools) mainly teach people to evade responsibility. If you get fat, McDonalds is at fault. If you sign a contract to pay a mortgage payment of $5000 per month, when your income is only $4000, the Fed is at fault.

    This is a leftist/statist concept designed to place all blame for all people’s ills on the American system. The American system is evil; it is destroying the earth with global warming, killing all of the animals with pollution, destroying people’s financial lives with the Fed. Everyone is a victim of the system. The answer: kill the system and replace it with more government, a statist construct of some sort. The cost is your freedom.

    One book that will never make it into public schools: “Capitalism the Unknown Idea,” by Ayn Rand and Alan Greenspan. In this book Greenspan shows how Central Banks (The Fed) create mal-investments, recessions and depressions do to inflationary expansion of money and credit. His cure: A Gold Standard.

    Forty years ago, Greenspan showed us exactly how this whole mess is created by Central Banks. I remember as a sixteen-year-old high school student showing this book to my “civics” teacher. He was a mindless jerk and blew it off. I wonder if he is now facing a reset on his mortgage…

    Dec 14 13:26 pm |Rating: 0 0 |Link to Comment |View article

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