Chile Forum

by **eeuunikkeiexpat** » Tue Sep 08, 2009 1:33 pm

There are also those pots calling the kettles black posturing how logical, balanced and superior they are also not defending their positions.

by **eeuunikkeiexpat** » Tue Sep 08, 2009 1:37 pm

At this stage, it is all about what ifs and contingency planning. To do so otherwise is intellectually dishonest and financially suicidal.

by **mjrussell** » Tue Sep 08, 2009 1:52 pm

eeuunikkeiexpat wrote:There are also those pots calling the kettles black posturing how logical, balanced and superior they are also not defending their positions.

I assume this is a jab at me? Or maybe it's at someone else? It seems that you should be more direct with your personal attacks. If this is at me, please show where someone has challenged an assertion I made and I didn't respond to back it up.

eeuunikkeiexpat wrote:At this stage, it is all about what ifs and contingency planning. To do so otherwise is intellectually dishonest.

Regarding the other statement, what specifically has been said that's intellectually dishonest? If you're referring to my reply earlier today, that was in response to the attacks on the fiat money system, I didn't see any discussion of contingency planning. If I missed it, please show me so I can correct what I said.

by **admin** » Tue Sep 08, 2009 1:53 pm

I believe I said this before, anyone that thinks they are "investing" in the stock market is too stupid to be "investing" in the stock market. If someone opened a casino in Las Vegas, and fixed the tables with the odds the stock market has given over the last 10 years, the managers would be in prison and their gambling license yanked for violating Nevada gambling laws. The executives on wall street would all be in the Nevada black book of people barred from entering casinos. In Nevada, the amount a casino has to pay back is set by law; not on the stock market. Yes, the casinos in Las Vegas have better regulation than wall street.

The average investor can not compete with the millisecond traders. Like my brokerage account had 30 second guaranteed trade execution. It sounds really great, except that is about 30,000 times longer than the big boys with their fiber optic pipes plugged directly in to the back of the trading servers in NY. Hell, I have trouble writing data to my hard drive that fast, let alone execute a trade on the other-side of the World.

That said, if you are fully aware of all the implication that is the game you are playing, then fine. For everyone else, thank you for your donation. :shock:

I recently seen this first hand. I placed a limit order for some shares like 2 months ago. The frigen thing hit the price, and sat at that price and did not execute for 2 hours because the big boys where pushing my order to the back of the line with hundredths of a penny micro-second trades. It was really fun to watch. I got my money's worth of entertainment just watching the action, after two hours I did not even care if it got executed. It was the stock manipulation show at its finest. I never go that much entertainment putting down a $1,000 on craps game in Las Vegas. Perhaps they should just move the stock market to the sport book at Caesar's palace.

Last night I watched the 911 movie called, "102 mins that changed the world". It was really great. It was mostly privately shot raw video that had never been published before, with no narration. Just the running comments of all the people video taping and the emergency dispatch tapes. What was interesting was to listen to the speculation about what people where seeing and what was really going on, before anyone knew what was really going on. It can happen, because it did happen; and I guarantee you it will happen again. We don't have video from the great depression, the fall of the roman empire, collapse of the German mark after wwI, and so on.

by **Laura55llc** » Tue Sep 08, 2009 1:53 pm

eeuunikkeiexpat wrote:Laura,

Your assumption is wrong. On a gold board I used ot frequent, for many years there has been speculation that the gov will one day revalue gold/dollar overnight to kill the debt or a large segment of the debt. Gold is still officially in the books of the IMF and such at around $35 ounce. Speculation that this would be done in ultimate secrecy and catch even the gold traders by surprise who play the game by the charts.

Which assumption? I stated several opinions.

It is a little strange to see the same internet experts that "proved" Goldman Sachs and others manipulated gold by short selling don't acknowledge that gold can also be manipulated upwards. After all, it is a commodity.

Chuck's article talks about a rock having no "intrinsic" value but gold apparently does, according to the author. But some rocks(like diamonds or even agates) have a lot of value. The "pet rock" found some value for a time. The value of diamonds is heavily manipulated but that doesn't mean there's no value.

We have no idea how much gold supply really exists. Like diamonds, controlling the supply in the marketplace is easy manipulation.

I saw at least three articles about GS short selling(depressing the gold market) yet now the same guys say "gold has been allowed to rise naturally" or "GS has seen the light, buys gold"

Maybe I should have said "some" of the same internet experts-I certainly don't read all the gold 'boards".

by **eeuunikkeiexpat** » Tue Sep 08, 2009 2:02 pm

MJ,

I assumed your jabs were partly directed at me. Reviewing the past posters on threads, I see posts with meaty (if speculative - not that this isn't a speculative thread by its topic - and illogical to some) conversation and then outlying jabs with no substance which are also just statements and opinions like the more meaty posts.

JMOs

by **eeuunikkeiexpat** » Tue Sep 08, 2009 2:07 pm

Laura55llc wrote:Which assumption? I stated several opinions.

My error in perception then. Yes opinions and everyone does have one and this is one board we are free to air them.

Great food fight cooking here.

by **eeuunikkeiexpat** » Tue Sep 08, 2009 2:15 pm

mjrussell wrote:
eeuunikkeiexpat wrote:At this stage, it is all about what ifs and contingency planning. To do so otherwise is intellectually dishonest.

Regarding the other statement, what specifically has been said that's intellectually dishonest? If you're referring to my reply earlier today, that was in response to the attacks on the fiat money system, I didn't see any discussion of contingency planning. If I missed it, please show me so I can correct what I said.

Well the discussion implies that one should open their eyes and cover their azzes as no one else can or will. And the long-timers on the board know the previous positions, opinions and advice of the other long-timers here so a repeat of them was not needed.

by **GJJIM** » Tue Sep 08, 2009 2:20 pm

admin wrote:I believe I said this before, anyone that thinks they are "investing" in the stock market is too stupid to be "investing" in the stock market. If someone opened a casino in Las Vegas, and fixed the tables with the odds the stock market has given over the last 10 years, the managers would be in prison and their gambling license yanked for violating Nevada gambling laws.

That is why we are called in-duh-vidual investors by the big boys. We can have fun in the margins, even make a buck now and then, but when the elephants start to dance, it's time for us mice to leave the room.

by **Laura55llc** » Tue Sep 08, 2009 2:27 pm

Btw, I'm not saying "Don't buy gold" or "Buy gold". Be aware it's manipulated. Manipulation can be to your benefit. Or not. The markets are controlled and manipulated by the institutional traders. As long as you have these large mutual funds(of course we will), large positions up or down will move the market. We can call that manipulation but that's the way it works. The stock market is up nicely this year yet the economy hasn't recovered. people say "Why?" Because somebody started buying large amounts of S&Ps and buying makes the market rise. Others see the markets going up and nobody wants to be the mutual fund manager that missed the market. So they buy.

The same thing happens each time. In 1987, no one seems to remember the history. Monday, the market was down 500 points and a bubble, etc led to it but then it was panic selling. I was brand new at a new stable :roll:

job at E.F. Hutton and had no idea what was happening. On Tuesday, the market was down hard again, more panic, sell orders only. At 1 pm, somebody bought huge amounts of S&P contracts and the market rose, ending positive. Buying begets more buying.

With gold, I'm just saying there are those(nothing person here) that say we have a small supply of gold and there are those who say there is a large hidden supply. Whoever guesses correctly is a star. That's the way it's always been. And was true in 1987-the woman that "predicted" the timing of the crash(can't remember her name) was hired by Shearson(who bought Hutton) and they gave her a lot of press, a limo and a lot of money. Of course she couldn't really predict the future but people love to think someone can. :shock:

by **mjrussell** » Tue Sep 08, 2009 2:45 pm

eeuunikkeiexpat wrote:
mjrussell wrote:
eeuunikkeiexpat wrote:At this stage, it is all about what ifs and contingency planning. To do so otherwise is intellectually dishonest.

Regarding the other statement, what specifically has been said that's intellectually dishonest? If you're referring to my reply earlier today, that was in response to the attacks on the fiat money system, I didn't see any discussion of contingency planning. If I missed it, please show me so I can correct what I said.

Well the discussion implies that one should open their eyes and cover their azzes as no one else can or will. And the long-timers on the board know the previous positions, opinions and advice of the other long-timers here so a repeat of them was not needed.

So my comments were "intellectually dishonest" because I took out of context a post calling the fiat money system a "scam", a context based off of positions and opinions of board members that had been made at various times in the past beyond this thread? Rather than read what someone posts and respond to it, I need to freshen up with their previous opinions in case what they wrote isn't really what they're saying? Seriously?

by **eeuunikkeiexpat** » Tue Sep 08, 2009 3:04 pm

Hey you can read into the statement and do whatever you want to and still post your opinions.

There is a context with long time posters here whether you like it or agree to it or not.

Intellectually dishonest - context in this case, trying to continue to put happy face on the monetary and fiscal policy of USA when people should be hashing out a backup plan or hedge even if that reality is too scary to think about.

Remember you quoted me and that is why I responded.

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Who is online

Need Help In Chile?

Phone From Outside Chile: 1-917-470-9653 ( USA to Chile) In Chile Land Line: (56) 65 421 024 Cell Phone 747 97974 (From a Cell Phone in Chile dial with no other numbers)

Phone From Outside Chile: 1-917-470-9653 ( USA to Chile)
In Chile Land Line: (56) 65 421 024
Cell Phone 747 97974 (From a Cell Phone in Chile dial with no other numbers)