Tuesday, 23 December 2008
Feliz Navidad
I heard this song for the first time when some of our female students performed it during the end-of-year service at our college. It makes a nice change from the expected songs from the likes of the "X Factor", etc.
Monday, 8 December 2008
How Venice Rigged the First, and Worst, Global Financial Crash
It appears that J.P. Morgan, Goldman Sachs and Barrick Gold have nothing on the bankers from Florence and Venice! Those Venetians knew all the moves well before anyone else! Now those guys were the masters of derivatives. Gallaher's article from thirteen years ago was early - but there's plenty to be learned from it. Looks like the 1340s has a lot more in common with the noughties than I thought.
"How Venice Rigged the First, and Worst, Global Financial Crash" by Paul Gallaher.
"Six hundred and fifty years ago came the climax of the worst financial collapse in history to date. The 1930s Great Depression was a mild and brief episode, compared to the bank crash of the 1340s, which decimated the human population."
It's long one but a good'un!
Saturday, 6 December 2008
The Manipulation of Gold Prices from Seeking Alpha
An excellent and ingenious article which explains why gold and silver prices must go much higher soon
http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices
http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices
Thursday, 4 December 2008
The coming boom in gold and silver stocks
The inflation scare has become a reality and it has the world's central banks afraid. Their only hope now is to inflate together - or face a relentless, slow death and the destruction of their economies. Inflation is on its way and its dynamic unstoppable. All the political mantras of the last fifty-sixty years are about to be ditched as the central banks begin printing money rather than just borrowing it. This is euphemistically known as "quantative easing".
The world's currencies will fall in value while gold, silver and PM stocks will rise, probably to astonishing values from where they stand now. Mining stocks are at their most bombed out levels for at least forty years. And this at a time when countries are having to nationalise or part nationalise their nations' banks, to save them from bankruptcy. The taxpayers are having to bail out irresponsible banks, insurance companies and motor manufacturers. The latter should have been making economic vehicles and improving the fuel efficiency of their cars. Instead we lived, and to some degree, are still living in the four-wheel-drive SUVS.
For gold and silver producers the high octane combination of lower fuel and other important input costs together with rising precious metal prices should spark a boom in PM stocks, the likes of which has not been witnessed for a very long time. Juniors will also thrive as they will become takeover targets by big miners looking for replacement ounces. The chance to pick up good explorers for a song will prove irresistable and bidding wars will likely emerge.
For gold, silver and related stocks time there has never been a better time to buy! Many Gold and silverbugs have been "all in" for some time. Whether the rise begins in earnest before the end of this year or early 2009 is surely academic.
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About Me
- Dogberry
- I teach Film, Media and English Lit.