Kronicle TV: We Live In A Google World
Google is trying very hard NOT to be evil.
March 10 2010
This course is a broad overview and discussion of the salient subject areas that one will need to navigate to fully understand the commodity space.
Students will be introduced to what makes each of the commodity sectors tick from an international economic standpoint.
This course sets the record straight about what is a predictive indicator and what is a lagging indicator in the commodity markets.
This course discusses the successes and failures of some of the greatest traders and what the psychological issues were at the time.
I’ve written a few posts on George Soros and his recent gold accumulation. Here is Victor Sperandeo on what George Soros is actually thinking by simultaneously calling gold “the ultimate asset bubble” while at the same time raising his Gold stake to 9% of his long holdings at Soros Fund Management.
Sperandeo is the only person I know who ever received a cold call from Soros to run his money.
Why Would Soros Buy Gold Futures or a Gold ETF (GLD)?
George Soros and Gold Position Limits
George Soros: Massively Bullish on Gold
Read MoreWith mutual funds paying your bills, it’s hard to not try to be bullish. Such is the life at CNBC…
Read MoreUS Banks can borrow from the Fed below 0.25% and buy 2-year Treasury Notes without any reserve requirement. They can lever this investment 100 to 1 (maybe higher) if they want and it’s a riskless trade. If rates go higher, the banks just hold the Notes until they mature.
They also don’t need an underwriting department for this, so they can lay off personnel. Since this is so lucrative, and riskless, and can be done with lower overhead, you can see why banks will be reluctant to lend money to small business owners.
Depositors are the ones fueling this trade by leaving their funds on deposit at the banks. But they’re effectively taxed at a rate of 100% since they are not getting any yield on their money.
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My mentor and I speak about Gold, commodity bubbles, Bernanke, Geithner, and I get him to answer a reader question about Market Timing.
Jeremy Siegel is still talking his book, literally.
Victor Sperandeo: Ben Bernanke never owned a future contract in his life. He might own a mutual fund, but my guess is he doesn’t know what’s in it.
Podcast with Daniel Amman.
“The price of gold is a referendum on the quantity and quality of paper money.”