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  1. hobo-jo

    Eye of the Storm

    I must admit it isn't the most clearly worded article, but the way I read it the Fed directly or indirectly purchased all but $200b worth of US debt issuances this year. What the article is saying is that x, x or x will need to occur if foreign investors do not pick up the slack in the treasury...
  2. hobo-jo

    Eye of the Storm

    Interesting article on Zero Hedge about a dilemma the US will face within the next 12 months: http://www.zerohedge.com/article/brace-impact-2010-private-demand-us-fixed-income-has-increase-elevenfold-or-else ;)
  3. hobo-jo

    Eye of the Storm

    Lo and behold within a couple of days of this post we see the next $1t+ spending bill/stimulus package is passed through congress: http://www.usatoday.com/news/washington/2009-12-12-spending-bill_N.htm?csp=34 As well as the US debt ceiling being raised to $14t ($1.8t rise). So looks like...
  4. hobo-jo

    Eye of the Storm

    Investors in the precious metal class can invest in different ways as well, those that were fortunate to be experienced enough in the sector 10 years ago would have done well to buy and hold the physical product or ETF equivalent. In fact they would have approximately quadrupled their initial...
  5. hobo-jo

    Eye of the Storm

    LOL risk phobia? Willair, around 3/4 of my net worth is in Gold/Silver stocks, 3/4 of my Gold/Silver stocks are juniors/small cap. You were saying? People here from what I can gather tend to stick with property because it's what they know and are in it for the long haul. That's what I though in...
  6. hobo-jo

    Eye of the Storm

    I did. Bought 2006. Sold Nov this year, settles Jan 2010.
  7. hobo-jo

    Eye of the Storm

    I think I agree with more in this post than anything else I've seen from you so far here...agree historically US has been safety haven, that will and is changing. Gold currently rising because supply is being exceeded by demand, India, China, Russia, Sri Lanka, worlds best hedge fund managers...
  8. hobo-jo

    Eye of the Storm

    Translation = it's only a known known if the mainstream prints it for the masses? Watch the speech, he doesn't consider it a "possibility" and neither did many other economists that saw the problems coming. It was a known known to them. I was barely out of school in 2006, I will admit that I...
  9. hobo-jo

    Eye of the Storm

    You've also given no indication after twice being prompted how you believe the US will work their way out of the mountain of debt and obligations they face...c'mon give us a 10 year breakdown on how you see it playing out. How will they repay their debt? Will they replace/devalue their currency...
  10. hobo-jo

    Eye of the Storm

    Where are you getting this 10-20 year figure from? I don't believe I've mentioned any such timeframe. 2007-2008 was wave 1, 2009 is the eye of the storm, 2010-2012+ is wave 2 Expect lower stock markets next year, expect the start of a property correction/slump, expect the talk of recovery...
  11. hobo-jo

    Eye of the Storm

    Interesting article, certainly did well to catch the March 2009 turning point. His latest predictions are interestinly enough on the price of Gold and he is expecting it to drop back to US$650: http://www.marketoracle.co.uk/Article15600.html Let's see what happens shall we :) P.S...
  12. hobo-jo

    Eye of the Storm

    Then you tell me what the US has learned and changed from recent events. [edit] Just reread some of above post, you are telling me that cash for clunkers, shoddy accounting rules, essentially more stimulus is what the US has learned from the crisis? As I said these "fixes" are simply fuel on...
  13. hobo-jo

    Eye of the Storm

    10 characters
  14. hobo-jo

    Eye of the Storm

    Many thought Subprime was a known known before the entire scenario played out as well, infact Bernanke in early 2007 claimed that it was "contained" and look where we have come since then. Would just like to say re the discussion as well. Things may not go down exactly the way I see it, so...
  15. hobo-jo

    Eye of the Storm

    I don't expect Gold to fall under US$1050-$1070, but if it fell under $985 I would definitely be looking to lighten the load.
  16. hobo-jo

    Eye of the Storm

    Gold/Silver stocks. Was trading short term earlier in the year, but now longer term buy and hold strategy. Up around 100% in the last 3 months, though do expect to see some of that wiped off in the short term correction we may have seen the start of.
  17. hobo-jo

    Eye of the Storm

    lol jingo, I will go where there is money to be made. Right now that asset class is not property. Selling the PPOR was not a decision solely based on the economic climate though. I certainly do hope to make money in property at some time in the future (as I have the last 3 years), I just don't...
  18. hobo-jo

    Eye of the Storm

    Can you give us something tangible that will cause it ? Like subprime was a trigger for the crisis we have just passed through there will simply be another trigger which causes the next crisis and there are a lot of problems forming which are going to add to the avalanche. What could trigger...
  19. hobo-jo

    Eye of the Storm

    http://www.reuters.com/article/idUSTRE57D49S20090814 http://money.cnn.com/2009/09/10/news/economy/insider.sales/index.htm?postversion=2009091107 It has nothing to do with option arms really, it was simply a counter to the tangent you took us on when you said the coming issues are priced into...
  20. hobo-jo

    Eye of the Storm

    lol that's a pretty big generalisation. Where did you read that? I guess they got it pretty wrong in March this year, as well as the peak in 2007, if that's the case... The people with the big/smart $ are either selling (google "insider selling") or in the case of large investment banks they...
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