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"VOTE OBAMA" -Death Row Joe Nov, 2012

Advantage Moggio...

Sheep_Mafia wrote:"VOTE OBAMA" -Death Row Joe Nov, 2012

Advantage Moggio...

You imbecile.

Here is where Moggio told us to buy gold.

viewtopic.php?f=4&t=280116&p=5809406#p5809406

Now go ahead and show us where I told anyone to vote for Obama.

I told you who was going to win just like I told you buying gold was a bad idea.

What part of "I am always right" do you not understand?

Sheep_Mafia wrote:"VOTE OBAMA" -Death Row Joe Nov, 2012

Advantage Moggio...

So voting for Romney was a win?

DEATH ROW JOE wrote:

Sheep_Mafia wrote:"VOTE OBAMA" -Death Row Joe Nov, 2012

Advantage Moggio...

You imbecile.

Here is where Moggio told us to buy gold.

viewtopic.php?f=4&t=280116&p=5809406#p5809406

Now go ahead and show us where I told anyone to vote for Obama.

I told you who was going to win just like I told you buying gold was a bad idea.

What part of "I am always right" do you not understand?

There are some dumb people here, and then there are some really, really dumb people...but there is no one here dumb enough to buy that you weren't campaigning like your life depended on it for Obama. I'm not going to search through even a single one of your boring posts to show that. Your denial of that is perhaps the most ridiculous and out of touch with reality things I've seen posted here on Sludge, and that's saying a lot. You've been shown to be wrong countless times, you are just too ignorant to said reality to accept it.

Stalking Moggio while running around here chest beating like a child about always being right reveal a immaturity that goes nicely with your political and economic ignorance. Explains a lot but still, not a good look Joe...

Yeah, DRJ is dumb.

DEATH ROW JOE wrote:

Sheep_Mafia wrote:"VOTE OBAMA" -Death Row Joe Nov, 2012

Advantage Moggio...

You imbecile.

Here is where Moggio told us to buy gold.

viewtopic.php?f=4&t=280116&p=5809406#p5809406

Now go ahead and show us where I told anyone to vote for Obama.

I told you who was going to win just like I told you buying gold was a bad idea.

What part of "I am always right" do you not understand?

DR JOE was right on! Gold tanked and Obama won! Hillary will win too if she runs!

The Gold Collapse Is Personally Costing Ron Paul A Fortune
http://finance.yahoo.com/news/ron-paul- ... 43492.html

AP
A few weeks ago, we figured out what was happening to the Ron Paul portfolio — the former Texas congressman's 64% investment in gold and other rocks — and it wasn't pretty.

His portfolio is comprised of major miners and a handful of juniors, and displays a marked lack of diversification.

Investment manager William Bernstein told the Wall Street Journal that “This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds.”

We looked at Ron Paul's most-recently disclosed portfolio. Granted, he may have picked up the stocks at any point in the past several years, so he's probably still above water on the investments. It's also conceivable that since he's left public life he's pared back a lot on his holdings. So we're just going based on what's public.

Still, these have taken a shellacking, and it's likely that he's lost a significant percent of his net worth, assuming he's held on to them over the past six months.

Here's what has happened:

Newmont Mining Company: –37.29%
Goldcorp Holdings: –34.64%
Barrick Gold: –48.17%
Agnico Eagle Mines : –35.78%
Allied Nevada Gold Corp: –68.48%
Alumina Common: +6.32%
Anglo Gold Ashanti Ltd. –44.13%
BrigusGold Corp. Com MPV: –39.18%
Claude Resources Inc: –56.39%
Coeur D'Alene Mines Corp: –47.21%
Hecla Mining Co: –47.74%
El Dorado Gold Corp: Not Listed
IAM Gold Corp: –65.40%
Kinross: – 44.11%
Lexam Explorations Inc: – 57.57%
Mag Silver Corp: –-40.50%
Metalline Mining Co: Not Listed
Pan American Silver: –35.97%
Silver Wheaton Corp: –37.50%
Virginia Mines Inc: —16.48%
Vista Gold Corp. –53.9%
Viterra Inc +0.81%
Wesdome Gold Mines Ltd: –43.29%

All told, the average loss was -40.3% over the past six months

Given that the Wall Street Journal reported that Paul's portfolio was worth between $2.44 million and $5.46 million — and that 64 percent of his assets were in these precious metal stocks — a very loose estimate is that Ron Paul has lost between $624,640 and $1,397,760 over the past six months, based on the average loss of his mining holdings. This assumes a 40.3% loss on 64% of his holdings.

A lot of that pain has come in the past two days alone. Here's what has happened to the portfolio since last Thursday:

Newmont Mining Company: -12.51%
Goldcorp Holdings: -11.38%
Barrick Gold: -18.03%
Agnico Eagle Mines : -15.59%
Allied Nevada Gold Corp: –16.23%
Alumina Common: -10.47%
Anglo Gold Ashanti Ltd. –16.41%
BrigusGold Corp. Com MPV: –16.19%
Claude Resources Inc: –19.32%
Coeur D'Alene Mines Corp: –14.74%
Hecla Mining Co: –13.27%
El Dorado Gold Corp: Not Listed
IAM Gold Corp: –16.67%
Kinross: – 21.19%
Lexam Explorations Inc: – 17.78%
Mag Silver Corp: –-21.50%
Metalline Mining Co: Not Listed
Pan American Silver: –14.41%
Silver Wheaton Corp: –14.30%
Virginia Mines Inc: —11.36%
Vista Gold Corp. –13.58%
Viterra Inc +0.0%
Wesdome Gold Mines Ltd: –1.79%

Pretty bleak.

Stoner wrote:The Gold Collapse Is Personally Costing Ron Paul A Fortune
http://finance.yahoo.com/news/ron-paul- ... 43492.html

AP
A few weeks ago, we figured out what was happening to the Ron Paul portfolio — the former Texas congressman's 64% investment in gold and other rocks — and it wasn't pretty.

His portfolio is comprised of major miners and a handful of juniors, and displays a marked lack of diversification.

Investment manager William Bernstein told the Wall Street Journal that “This portfolio is a half-step away from a cellar-full of canned goods and nine-millimeter rounds.”

We looked at Ron Paul's most-recently disclosed portfolio. Granted, he may have picked up the stocks at any point in the past several years, so he's probably still above water on the investments. It's also conceivable that since he's left public life he's pared back a lot on his holdings. So we're just going based on what's public.

Still, these have taken a shellacking, and it's likely that he's lost a significant percent of his net worth, assuming he's held on to them over the past six months.

Here's what has happened:

Newmont Mining Company: –37.29%
Goldcorp Holdings: –34.64%
Barrick Gold: –48.17%
Agnico Eagle Mines : –35.78%
Allied Nevada Gold Corp: –68.48%
Alumina Common: +6.32%
Anglo Gold Ashanti Ltd. –44.13%
BrigusGold Corp. Com MPV: –39.18%
Claude Resources Inc: –56.39%
Coeur D'Alene Mines Corp: –47.21%
Hecla Mining Co: –47.74%
El Dorado Gold Corp: Not Listed
IAM Gold Corp: –65.40%
Kinross: – 44.11%
Lexam Explorations Inc: – 57.57%
Mag Silver Corp: –-40.50%
Metalline Mining Co: Not Listed
Pan American Silver: –35.97%
Silver Wheaton Corp: –37.50%
Virginia Mines Inc: —16.48%
Vista Gold Corp. –53.9%
Viterra Inc +0.81%
Wesdome Gold Mines Ltd: –43.29%

All told, the average loss was -40.3% over the past six months

Given that the Wall Street Journal reported that Paul's portfolio was worth between $2.44 million and $5.46 million — and that 64 percent of his assets were in these precious metal stocks — a very loose estimate is that Ron Paul has lost between $624,640 and $1,397,760 over the past six months, based on the average loss of his mining holdings. This assumes a 40.3% loss on 64% of his holdings.

A lot of that pain has come in the past two days alone. Here's what has happened to the portfolio since last Thursday:

Newmont Mining Company: -12.51%
Goldcorp Holdings: -11.38%
Barrick Gold: -18.03%
Agnico Eagle Mines : -15.59%
Allied Nevada Gold Corp: –16.23%
Alumina Common: -10.47%
Anglo Gold Ashanti Ltd. –16.41%
BrigusGold Corp. Com MPV: –16.19%
Claude Resources Inc: –19.32%
Coeur D'Alene Mines Corp: –14.74%
Hecla Mining Co: –13.27%
El Dorado Gold Corp: Not Listed
IAM Gold Corp: –16.67%
Kinross: – 21.19%
Lexam Explorations Inc: – 17.78%
Mag Silver Corp: –-21.50%
Metalline Mining Co: Not Listed
Pan American Silver: –14.41%
Silver Wheaton Corp: –14.30%
Virginia Mines Inc: —11.36%
Vista Gold Corp. –13.58%
Viterra Inc +0.0%
Wesdome Gold Mines Ltd: –1.79%

Pretty bleak.

Fucking ouch! Glad it wasn't me.

It was truly a pleasure watching Death Row Joe owning the Republitards for the whole last year. Owning them he did!

Man, Ron Paul sure was foolish, wasn't he?
Good thing he didn't stand a chance in the presidential election.
Just imagine the mess he'd make.
The mind boggles.

Gold plunges to two-year low



LONDON (CNNMoney)
Gold plunged more than 9% Monday to its lowest level in over two years, in the biggest one-day sell-off in decades, as a global tumble in commodities gained steam.

Gold for June delivery, the most active futures contract, lost more than $140 an ounce to trade well below $1,400, adding to Friday's sharp sell-off, when the precious metal slumped 5%. The gold contract is now in bear market territory, having fallen 29% from its record high in September 2011.

Spot gold, which is for April delivery, also tumbled -- dropping 9.3%, the biggest drop since Jan. 22, 1980, when gold prices plunged 17% in a single trading day.

Monday's broad decline was sparked by slowing growth in China. The world's second-biggest economy grew at a 7.7% annual rate, which was weaker than the 8% most economists were expecting.

Coupled with a weaker-than-expected report on industrial production, the China data could mean reduced demand for commodities from the world's second-biggest economy and subdued inflationary pressures. Gold is often viewed as a safe store of value when inflation picks up.

Other metals including silver, copper and platinum were also weaker, and oil lost more than 3%.

Mining stocks such as Randgold (GOLD) and Kincross (KGC) and gold-backed exchange traded funds including SPDR Gold Shares (GLD) and Market Vectors Gold Miners (GDX) were all hit hard.

Investors have been turning their backs on gold recently and pouring money into stocks funds instead as equity markets in the United States have gone on a record-breaking run.

Friday alone, investors yanked more than $1 billion out of the SPDR Gold ETF. So far this year, they've pulled nearly $10 billion out of the $55 billion ETF.

Reports last week that Cyprus may sell gold worth 400 million euros as part of an international rescue added to the exodus, in part because of concerns that other European central banks with much bigger reserves may do the same.

Last week, Goldman Sachs and Deutsche Bank cut their forecasts for the price of gold, citing improving prospects for the U.S. economy, which would reduce the need for further monetary stimulus.

http://money.cnn.com/2013/04/15/investi ... ?hpt=hp_t3

SON. OF. ONE. MORE. TIME. FOR. THE. WORLD.:


DRBJ,

Gold has SKY-ROCKETED 565% (your OWN estimate) over the past 10 years. Not only that, but you didn't mention that ALL markets experience lulls from time to time...and that there are NO exceptions. Several other commodities just dropped in value too. And just because there's a current lull in Gold means JACK SHIT ALL unless it loses most of its value.

Not even ONE quote or statement above that you've posted disproves ANYTHING I've stated regarding this. But keep posting away, it's always quite the entertaining show...




Keep tryin' and you'll keep failin'...

Moggio wrote: But keep posting away, it's always quite the entertaining show...

Cool.
Moggio enjoys being made a fool of.
That's great!

Moggio said 80% in the other thread, now he's using DRJ's figure of 565%

12 Rules of Goldbuggery
by Barry Ritholtz - April 16th, 2013, 7:21am
http://www.ritholtz.com/blog/2013/04/th ... ldbuggery/

Yesterday morning, I mentioned the extent of cognitive dissonance surrounding the Gold was surprising (What Are Gold’s Fundamentals?).

The reaction to Gold’s crash has produced some astonishing rationalizations. The refusal to acknowledge basic trading facts leads us to recognize that Gold bugs and traders have very specific rules that they MUST follow. These social conventions look less like a debate about asset classes and more like a religious cult.

The advocates for any sort of investing thesis have their rules, metrics, heuristics and biases. Here are the rules we teased out for the Gold Trade:

The Rules of Goldbuggery

1. Gold is a Currency: This is rule number 1. It is not a decorative or industrial metal, it is a permanent store of value, as dictated by Greeks in Lydia around 700 B.C. And, it shall be ever thus.

2. The price of gold cannot fall, it can only be manipulated lower: When gold’s price falls, it is an unnatural act. It can only occur as the result of an international cabal of Central Bankers and politicians. Its a conspiracy, and we know who the guilty parties are.

3. If the price of gold is rising, it is doing so despite enormous and desperate efforts by manipulators to prevent the rise: This is the corollary to the prior Rule of Gold manipulation. Gold runs up despite the overwhelming opposition to it.

4. The world MUST return to the Gold Standard one day: It is inevitable that we will return to a Gold Standard. We all know this to be true. When we compare the size of the money supply to past amounts when there was a Gold Standard, we can derive prices of Gold in the $7,000, $10,000 even $15,000. Hence, we know its cheap even at $2,000.

5. Central Bankers are printing money relentlessly, and this can only drive Gold prices higher: NOTE: You must ignore, for the moment, that Gold has not gone higher for the past 2 years as Central Banks around the world have ramped up QE. This only means that ultimately, Gold will go much much higher.

6. Gold works whether the economy is good or bad: When we have a red hot economy, Gold is your hedge against inflation. When we have a bad economy, Gold is a safe harbor against collapse. It is a one way trade that never fails!

7. Gold will survive after the world economy crumbles: Gold is the ultimate currency, as it has a value that will survive even after the whole world tumbles around you. Get yourself some gold coins and a Glock and you will be just fine when the whole world goes to shit. We welcome the era envisioned in the movie Mad Max.

8. Never admit that Gold is essentially a sucker’s bet: Never discuss how in the last century, gold has run up only be to trounced in repeated massive sell offs (always blame rule #2 for this). Do not discuss how this has happened in 1915-20, 1941, 1947, 1951-66, 1974-76 1981, 1983-85, 1987-2000 and 2008.

9. Gold is a rejection of government, and their control of fiat money and finance: There are no printing presses that produce gold, it is finite, natural and God created. How much we scrape out of the ground each year is limited, and the only variable to the old equation. (Just ignore Man’s natural tendency to organize into to City-States over the past 12,000 years).

10. All Gold discussions must contain ominous macro forecasts: Your description of why Gold is going higher must consist of spurious correlations, unprovable predictions, and a guarded expectation of bad things int he future. Avoid empirical data at all costs.

11. Gold is always rallying in one currency or another: Sure, it may be down 30% in Dollars, the reserve currency it is priced in, but you can always find a currency falling faster than it does and claim you own it in that denomination. Last week, it was up in Japanese Yen. This week, it is up in Zimbabwe dollars.

12. China & India know the value of Gold; the Western world does not: The massive buying of gold by consumers in Chindia reflects the culture, intelligence and investing savvy of the people in these countries. The West doesn’t get it, and it is their loss.

Bonus rule: Never admit Gold might be falling because it trades on human emotions and psychology and has no intrinsic value whatsoever.

The enormous amounts of dollars involved in the Gold trade has attracted all manner of charlatans and frauds to the Gold trade. Although this list can help you separate the true believers from the criminals, time has proven them to be both are enormous money losers.

Ignore the risks of being a gold bug at great peril to your portfolio . . .

Wheresthestagemanager? wrote:

Moggio wrote: But keep posting away, it's always quite the entertaining show...

Cool.
Moggio enjoys being made a fool of.
That's great!

EvilRockPosh wrote:Moggio said 80% in the other thread, now he's using DRJ's figure of 565%

More out of context/misquotes. Well, at least you two are posting something.


RETURN. OF. THE. SON. OF. ONE. MORE. TIME. FOR. THE. WORLD.:

Gold has SKY-ROCKETED 565% (according to DRBJ) over the past 10 years. Not only that, but you didn't mention that ALL markets experience lulls from time to time...and that there are NO exceptions. Several other commodities recently dropped in value too. And just because there was a lull in Gold means JACK SHIT ALL unless it loses most of its value.

Not even ONE quote or statement above that you've posted disproves ANYTHING I've stated regarding this. But keep posting away, it's always quite the entertaining show...




Oh...and btw, the value of Gold just increased again.


Keep tryin' and you'll keep failin'...

Grendel wrote:

"This year I invested in pumpkins. They've been going up the whole month of October and I got a feeling they're going to peak right around January. Then, bang! That's when I'll cash in!"

Nice

Grendel wrote:

Moggio wrote: Gold has SKY-ROCKETED 565% (according to DRBJ) over the past 10 years. Not only that, but you didn't mention that ALL markets experience lulls from time to time...and that there are NO exceptions. Several other commodities recently dropped in value too. And just because there was a lull in Gold means JACK SHIT ALL unless it loses most of its value.

Monggolio,

http://www.macrotrends.net/1333/gold-an ... ical-chart

Look at this graph. In January of 1980, gold prices were at $1975/oz. Would you describe what happened in following months w/r/t gold prices as a lull?

ONE. MORE. TIME. FOR. THE. WORLD.:

Gold has SKY-ROCKETED well over 500% over the past 10 years. Several other commodities recently dropped in value too. And just because there was a recent decrease in Gold means JACK SHIT ALL unless it loses most or all of its value. Gold was due for a decrease but has actually increased again. Don't you understand how markets work?

Wheresthestagemanager? wrote:

Nope. But continue tryin'...and MAYBE one day you'll get it right...

Grendel wrote:How old is Monggolio? Did he learn nothing from the great Beanie Baby bubble of the late 90s?

Perhaps after he Googles "Beanie Baby", he'll give you his expert opinion.

You shitheads are tryin'...but you're not gettin' anywhere, are ya? Oh well. Maybe tomorrow (nah, it won't EVER happen)...

Moggio wrote:You shitheads are tryin'...but you're not gettin' anywhere, are ya?

Oh yeah?
We get you to lose your cool EVERY SINGLE TIME.
(Not that you ever had any cool to begin with.)
Works for me!

Wheresthestagemanager? wrote:

Moggio wrote:You shitheads are tryin'...but you're not gettin' anywhere, are ya?

Oh yeah?
We get you to lose your cool EVERY SINGLE TIME.
(Not that you ever had any cool to begin with.)
Works for me!

If that makes you feel better, keep deluding yourself into believing that...