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Entries from November 2009

We’re All Chumps Now: Citi Boosts Salaries & Goldman To Pay Record Bonuses!

June 24th, 2009 · 3 Comments · Politics, Money and Markets

Feeling like a chump yet?
You should be.
We all should be.
In case you didn’t see the news, here’s what Goldman Sachs is able to do thanks to your tax money, Hank Paulson’s $800 billion dollar extortion of Congress, and his money laundering operation also known as “The AIG Bailout.”
http://www.marketwatch.com/story/goldman-sachs-to-pay-out-record-bonuses-report
“Goldman Sachs will pay out record bonuses [...]

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CNBC: Mid South Bank’s CEO Rusty Clouthier Drops “Truth Bomb” on Wall Street

June 19th, 2009 · 3 Comments · Politics, Money and Markets

Did you happen to catch Mid South Bank President and CEO R.J. “Rusty” Clouthier on CNBC’s Squawk Box this morning?
This 5 minute and 21 second clip may contain more practical wisdom about the roots of the banking crisis than would an entire semester at the Wharton School of Business.

Clouthier who served six years on the Fed’s [...]

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Charts: GDX & GLD At Key Technical Pivot Points

June 18th, 2009 · No Comments · GLD SLV ETF Charts

The GDX & GLD ETF’s are now sitting at a key technical area as they have both reached areas of strong prior technical support, and the classic pivot point of a 50% pullback of the prior move.

36.50 is a key pivot point for the GDX. And with this mornings negative open, that may be tested. [...]

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HUI Gold Bugs Index Chart - June 2009 Trading Channel Update

June 12th, 2009 · 5 Comments · Gold & Silver Charts

This week in precious metals was all about the US Treasury Bond auctions.
Would the Chinese and the Russians walk their recent negative talk? Would foreign buyers boycott the offering, holding out for higher rates? And would Ben Bernanke have to step in as a buyer of last resort?
Well, we got our answer…
http://online.wsj.com/article/BT-CO-20090611-714319.html
NEW YORK [...]

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Waxman-Markey Cap & Trade Bill…

June 3rd, 2009 · 2 Comments · Politics, Money and Markets

Thugonomics has officially arrived…
Did you just see Dominion Energy CEO Tom Farrell on CNBC
this morning?

The poor guy looked like a puppy who just got neutered. I
felt embarrassed for the guy.
Farrell was clearly afraid to answer direct questions
on live television from Joe Kernen and the co-host about
the Obama policies on Cap & Trade.
It looks like America’s [...]

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