I wrote an homage to LeeWhee in Sure Money over the weekend.
saw it. very nice. His analysis and humor were one of a kind.
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There have been 52 items by potatohead (Search limited from 22-April 17)
really like your sure money articles. However I had to unsubscribe because i was getting inundated with 6-8 emails a day from the same company for other offerings. I could not figure out how to just get the Sure Money updates. Tried calling and emailing the Money Morning but had no response.
Keep up the great work.
I have been on this site for a long time. Seen the frustration, pain, and loss from many on this board. Lee, my hat is off to you. You were steadfast and sincere through this entire 9 year ramp. I have seen many lose their scruples and pile head first into the many schemes over the last few years. I have had to swallow my pride, while watching everyone seem to make big percentage gains without effort. I think its time for the hard assets to take center stage. Congrats on the eagles and your hard work!!!
What is interesting is gold. It seems to have vanished from everyone's radar. However, the chart is something quite the opposite. Retail no longer sees value in precious metals, while bigger players have been accumulating. At the same time, the dollar is breaking down. Central banks have bought more Gold than Treasuries over the last few years.
might want to pull out those ornaments and hang them on this potential Christmas tree pattern
Lee, heard a very good discussion regarding the Eurodollar market and history/use of commercial bank accounting to create more liquidity (off balance sheet) in addition to what the Central banks have created over the last 30-40 years. You are probably one of the best at monetary liquidity analysis. Obviously 2008 was the moment of truth for all this leverage and off balance sheet activity, however, does this commercial bank activity still have to be accounted for when determining liquidity creation or has the entire liquidity creation process moved over to the central banks since 2008?
It is a 4 part series from Macrovoices This is part 4.Jeffrey Snider: Eurodollar University Part 4
excellent gold piece. Very balanced. The interesting part on gold is that I have been seeing sentiment just completely gone from this market. Many investors are preparing for a drop from here. The retail investor has been selling for the most part of this year. Chasing real estate, stocks, crypto currency, etc. Gold Dealers and Wholesalers have had very high levels of inventory from client selling. Even as prices have been rising. Being told from a number of dealers physical demand is down 50-70% from last year. (One reason we have been seeing consolidation among dealers in this space) New coin sales are at the same levels as 2010, very similar to your 2009 4 year cycle lows. I would think the biggest surprise from here would be a climbing of the "wall of worry". Investors continue to not trust the rally and sell into it. That is normally an earmark of the bull trying to shake out as many as possible. Talking to bigger dealers, they are hoping for a decline which may bring in more buyers. I get the sense the worst possible outcome for the industry would be more grinding action, neither up or down. Like trying to sail without any wind. Most gold programs would begin to fail at that point because their business model which is dependent on transactions is slowly starving them.
So if I understand this correctly, their reduction of the balance sheet/liquidity is really a slow motion slight of hand trick. Just like raising interest rates. They are still adding liquidity but at a reducing rate over time?
Day after Bitcoin has big shooting star (candlestick). Nikkei follows last night. Japan was one of the first countries to legalize bitcoin as tender for payments. Maybe a coincidence or not. Found it interesting.
I think you are spot on. That would be the biggest surprise and the least expected event for most investors.
This is a great article as well from Doug Kass.
Coincides with Lee's analysis of the liquidity being pulled from the system.
This sets up for a perfect storm.
Funny I got the following at about 1 am. I think the gmail account makes it look much more official.
OFFICE OF DIRECTOR OF PAYMENT UNITED NATIONS.
UNITED NATIONS PAYMENT OFFICE, JAKARTA INDONESIA.
I am Mark Anderson, International Director of Payment United Nations payment office Jakarta Indonesia under the instruction of United Nations Secretary-General Antonio Guterres . I decided to contact you because of the prevailing security report reaching my office and the intense nature of policy in Government. This is to inform you about our plan to send your fund to you via cash delivery. This system will be easier for you and for us. We are going to send your contract part payment of US5.2 Million to you via diplomatic courier service.
Note: The money is coming in two security proof boxes. The boxes are sealed with synthetic nylon seal and padded with machine. This fund was brought to us from America; it was meant for our Local AFEM market. But since the money was not used, I will use my position as the , International Director of Payment United Nations payment office Jakarta Indonesia to send this fund to you. The boxes are coming with a Diplomatic agent who will accompany the boxes to your house address. All you need to do now is to send to me
Full Name: .........
Physical Address with Zip Code:
Home Equity (Yes/No):
Your identity such as, international passport or driver license...........
The Diplomat attached will travel with it. He will call you immediately he arrives your airport. I hope you understand me. I will let you know by the special grace of God when the boxes are airlifted. Note: The diplomatic does not know the original contents of the boxes. What l declared to them as the contents is Sensitive Photographic Film Material. I did not declare money to them please. If they call you and ask you the contents please tell them the same thing Ok, I will let you know how far I have gone with the arrangement. I will secure the Diplomatic immunity clearance certificate that will be tagged on the boxes to make it stand as a diplomatic consignment. This clearance will make it pass every custom checkpoint all over the world without hitch. Confirm the receipt of this message and send the requirements to me immediately you receive this message. If you need more information about this, I will give you the details how to contact the diplomat for more information on ho w to carry out the plan.<
I need you response because the boxes are schedule to leave as soon as we hear from you. Reply me immediately you receive this message via Email ( email@example.com ) Call me on my direct PH/FAX: ( +62-815-4613-5965)
With the Fed announcing their balance sheet reduction plan, What do you think the Fed's plans are for interest paid on excess reserves held at the Fed? Do see that program or at least the interest being reduced or eliminated? Seems as long as they pay interest, that is a form of QE. I would think those reserves would be the capital to invest in Treasuries since the Fed is backing away.
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