Apparently Jon Nadler changed his name to Jack Hough over the weekend.
We’re placing this one directly into the Hall of Shame.
The WSJ has elevated its gold bashing rhetoric to new unseen heights. We must be closer to collapse that even we believed.
Quotes from the MOPE piece bashing gold:
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Gold defies efforts to calculate its worth—or even to describe how it behaves as an investment. That means there isn’t a clear reason to invest in it.
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If you must own some gold to sleep better, stick with a multivitamin approach: A little bit won’t hurt. A lot can prove toxic.
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Gold lost money for 20 years
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Treasury bonds are the real safe haven
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Gold suffers from a multiple personality disorder
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How much is gold really worth? Gold doesn’t generate any cash, it costs something to store it!
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For investors who have to have some gold exposure, forget Krugerrands, buy your wife some expensive jewelry
How Much Gold Do Investors Need? Zero Should Suffice
After sliding 6% in May, the price of gold jumped 3.7% on Friday. Skeptics say it is a temporary rise in a longer downturn. Fans of the metal say it is the start of another glorious run.
Picking a side is pointless. Gold defies efforts to calculate its worth—or even to describe how it behaves as an investment. That means there isn’t a clear reason to invest in it.
If you must own some gold to sleep better, stick with a multivitamin approach: A little bit won’t hurt. A lot can prove toxic.
Gold is prone to long booms and busts. Before its latest dip, it multiplied five times in value over a decade, mocking stocks and other investments. Before that, it lost money for 20 years.
Click here to be fully indoctrinated on the crapiness of gold by the WSJ:
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Why are they doing this.. As this collapse unfolds the powers that be do not want the “citizen” to be able to survive without government assistance. When you have gold and silver you can tell the FEDS to FO!
This is exactly why it is so important to buy as much silver, food storage, meds, household items etc to survive this coming collapse. WE MUST BE VERY CLOSE.
lol
If gold is toxic, then we better stock up on silver.
Yes, We are at or near the bottom!!!
Any WSJ readers that are now ‘in the know’ about the toxicity of their gold can send it to me, and I will keep it from doing them any further harm.
No charge!
Another Quote From This Article:
eventually agree to once again use gold as the basis for their
currencies, says James Swanson, chief investment strategist at MFS, a mutual-fund company.
That is a fantasy, he argues, because some powerful
nations have relatively little gold and some gold-rich nations have
little power.”
—So, In order for gold to be “real Money” we must have gold standards?—Gold won’t hold it’s purchasing power unless GOVERNMENTS SAY SO?—ROFL!
THEN—THE ARTICLE GOES ON TO SAY:
“Of course, gold’s price is ultimately based on supply and demand, and demand has surely soared over the past decade.”
YES—YOU IDIOTS!—WHEN TOO MUCH PAPER CHASES TOO MUCH GOLD, THE PRICE OF GOLD RISES—BUT WHO CARES ANYWAY—WHO WANTS YOUR WORTHLESS PAPER?
AFTER THIS, THEY SIGHT DEMAND FOR PAPER GOLD ETFS AND CALL COIN DEALERS “PITCHMEN”—SO, STOCK PUSHERS AREN”T “PITCHMEN”?—AND, WHO CARES ABOUT YOUR PAPER EQUIVALENTS?— ROFL!
The WSJ story has a comment that has to be reproduced here:
“John:
I feel sorry for any man named Jack Hough. If it is pronounced like
“Cough” you have 2 strikes against your credibility right off of the box.”
LMAO
PoppaT – you hit the nail on the head. Lindsey Williams calls it the Devils Messiah.
http://lindseywilliams101.blogspot.com/
You know we’re getting close. I think the inventory figures are as bogus as everything else produced by the banks. Last month they had to come up with 12.2 million ounces of silver to deliver to some longs. According to their figures they have 35 million ounces available, but they didn’t serve the last notices until the last week of May. Why all the foot dragging?
Could they be having trouble sourcing the good delivery bars required ?
Now their media mouth pieces are doing what they can to alleviate the pressure.
And they still have 35 million ounces, right?
Just an opinion.
OUR FRIEND, DENNIS “THE MENACE” GARTMAN DOESN’T AGREE WITH JON NADLER?—WHAT HAPPENED?—DID THEY GET THEIR TALKING POINTS CROSSED IN THE WIND?
(This Interview Was Published 5-24-2012–It’s Been A Whole Week—Maybe He’s Short Again—Who Knows?—Who Cares?)
Dennis Gartman: Gold Puts In Short-Term Low, Brent-WTI Price Spread In Process Of Closing
Written by Drew Voros |
May 24, 2012
Gold guru says reduced short and long positions, need for cash have pushed the yellow metal down to a new short-term bottom.
Hard Assets Investor: What’s your take on what gold is doing right now?
Dennis Gartman: A lot of people have been taken out
of their positions. You can see the change in the makeup of open
interest. Speculators have reduced their positions by more than 100,000,
125,000 contracts. Their long positions have been reduced to minimal
levels. On the other hand, institutions that tend to be naturally short
have reduced their positions by the same amount. So the stronger hands
are less short; the weaker hands are demonstrably less long. And I think
you’ve seen a low.<—So You REDUCED BOTH Long and SHORT POSITIONS—Are YOU GOING TO BUY THIS LOW NOW?—The Interviewer Never Asks—Are You Net Long?—Are You Net Short? WHO KNOWS?—WHO CARES?—LOL!
HAI: Gold also doesn’t seem to have its inflation hedge?
Gartman: Well, first of all, there’s not much
inflation to be concerned about, at least if you believe the
government’s statistics, and the market has to take the government’s
statistics as face value. So if you’re looking at gold as a hedge
against inflation, there isn’t any inflation.
HAI: What is the biggest influence on gold right now?
Gartman: I think it’s uncertainty and marginal
liquidation. I think it’s weakness in stocks that has forced the selling
of something and I think stocks are inordinately cheap. I don’t think
they’re going to get much cheaper. As stocks have fallen, sometimes
investors are being forced to sell things they would not like to sell.
And you almost always can sell gold. It’s always liquid.<–Dennis, Only The Idiots Who Must Sell Their Paper Stocks To Cover Losses Sell Their Paper Gold—Who Cares?
HAI: What is your take on the Treasury market right now?
Gartman: Everybody thinks it’s ready to drop, and it
continues to go up. It continues to make newer highs. Rates continue to
make newer lows. And anybody who is short has had uncommon discomfort
over the course of the past three years, two years, one year, one month.
You can write this down: The bond market will break when it breaks. And
it won’t break an instant before then. And if you miss the top by a
month and a half, if you miss the top by two months, if you miss the top
in the bond market by six months, you’ll be fine.
HAI: What do you see as a safe-haven investment right now?
Gartman: I’m amused that people call gold a safe haven. It’s not a safe haven.<—-So What Is “A Safe Haven?
HAI: Why do you say that, because of the volatility?
Gartman: It’s because of the volatility, absolutely.
Safe should be nonvolatile. There are very few things that are
nonvolatile right now. The only thing that seems to be nonvolatile is
Treasury securities of less than one-year duration.<—So You Want Less Than one-year securities instead of gold? Did This Interview shed any light on Dennis The Menaces Position?—ANSWER: NO!
Link For The Dennis The Menace Article Is here
Hough is Hilarious. Even during the great depression people knew to hang on to their gold. I’m LMAO and rolling.
I’ve been reading WSJ for about 30 years and it’s been an important part of my information data feed. But that said, WSJ is part of the Murdoch media empire, including Fox News. Ever since BSkyB got the cosmic wedgie for publishing the emails etc on the young girl’s death in England, they have been bent over the barrel and forced to take the liberal left, progressive high colonic with a fire hose.
Just like Moron Buffet and Marley Bunger, Bill Gaaay and the rest of the Bilderberger collectivist a**holes, Murdoch has had to toe the company line or face termination by some sort of political/government atomic drone strike. I give WSJ little credibility knowing it is now compromised with MOPE dope and hope.
I LOVE this kind of text. Seriously.
When the WSJ will be saying to buy gold and dump bonds, then maybe you’ll know its time to do the opposition.
Talk about a buy signal..
As reported on ZeroHedge:
“…in the first four months of 2012 Chinese purchases [of gold] have increased by an unprecedented 782% over 2011.”
WSj sez gold is toxic, Benanke sez he wont print. Uhuh, right.
I’m okay with peeps thinking gold is toxic….odd though that my LCS is having trouble keeping Buff’s ‘n Eagles in the display case…..
@PoppaT – you answered your own question. “They” want you dependant on them, on the system. If you are not dependant on them “they” (big government, banks, fiat money, etc.) are no longer needed. It’s job security.
Toxic, really. Why all the fuss at fort Knox?
LMAO I had a great laugh reading some of these replys but the best laugh was the Post It’s self. LMAO
Who are these people trying to fool and why would anyone want to venture into T Bonds right now when the Paper Market is about to collapse. LMAO
Great replys folks had a great laugh.
I agree with Hough on one point. GOLD IS TOXIC. But not to the investor it is toxic to the Fed, Stock market, Banks, Government.
Unseen Heights
Toxic to the FED and the Mainstream 427. No doubt. Hey M45, they are apparently fooling a lot of people. I just glad they can’t pull the wool over the SD reader’s eyes. I’m LMAO too. Great point.
Do the opposite of what they say!
MSM are funny robots, well tuned. I’ll take this article as a new Low. Bottom? maybe but we may linger here for a period, so if your a stacker the sale is a gift from above. If your just starting out, well the same applies dollar cost average and hold a Buffet plate of everything.
Be well
we have a winner !!!!!!!!!!!!!
All the rich ass’s wan’t to control all the mida. And Buffet is still behind the cerve
Buffett ‘Puzzled’ Over New Orleans Paper’s Cutbacks
Buffett ‘Puzzled’ Over New Orleans Paper’s Cutbacks
Their hit pieces on gold (and silver) are getting more obvious and, to those in the know, more desperate.
Of course, in related news, I’d just LOVE for Obummer to send me $3,000 of fiat (or more!). I can think of a few thingamajigs that I’d buy. Probably by the ounce.
Ya Da yooper
It only goes to show the system is getting desperate. The thing that concerns me is desperate people do illogical desperate things. I wouldn’t be surprised they pull some diabolical stunt before Gold and Silver go to the Moon.
These are dangerous times!!
By the way I’m stacking more Silver this week, feck em.
“Before its latest dip, it multiplied five times in value over a
decade, mocking stocks and other investments. Before that, it lost money
for 20 years.“
So, we’ve got another decade to go?
They forgot to mention that the dollar is in a 100-year bear market.
I think the final signal will be WSJ pitching GLD, and after the crash say they were “kind of right on Gold”.
Wow, blond jokes but for gold.
Articles like this confirm that the corporatocracy knows what’s coming and are attempting to kick as many out of the new world pecking order of wealth as they can. They like their status quo.
FYI, a business friend of mine just got back from China for a three week trip to his home country. He says things are not as good as the news says it is. China is in trouble too. He said China relies heavily on infrastructure, exports, and housing to make their money.
However, with infrastructure they have all these empty buildings. He says you can look up at a building at night and only see lights on for one floor–very common.
With exports–no one is buying because they cannot afford it–they’re in debt. (Looks like that Baltic index is right.)
With housing–he says lots of people own multiple houses because they’re tax free investments. But he mentioned that when things start to go bad, people will sell their houses flooding the market–causing alot less houses to actually be built.
To him the 7-9% Chinese projected growth is inflated. China is stagnating with the rest of the world.
To me this makes much more sense with the 782% increase in gold purchases. Nothing else seems to be working for them. Might as well spend the money some where.
Hi MAX;
“For investors who have to have some gold exposure, forget Krugerrands, buy your wife some expensive jewelry“
- - - - - -
Correction: For men who want a BJ, forget Krugerrands, buy your wife some expensive jewelry.
There, fixed that one.
You’re welcome.
In the Constiyution(when it was a valid document) gold and siver were defined as a 15:1 ratio. Even at $1600 an(manipulated) ounce that would leave silver being in the neighborhood of $106 an ounce. Silver has a real function in manufacturing. Gold has little. I’m staying with silver
Mailbox
by
Jim
Sinclair in the category Jim’s Mailbox
Record number of Phd recipients on food stamps
CIGA
Eric
This news may be a little stale, but the message is still eye-opening to
say the least. If public actually looked at what’s being swept under the rug as
meaningless information about USA, Inc., I suspect they’d be horrified by what
they saw. This obscure headline is just another reason why Jim’s statement of QE
to infinity is totally correct.
other forms of welfare. From 2007 to 2010, the number of PhD recipients
receiving entitlements has tripled to 33,655 and the number of master’s degree
holders on food stamps and other forms of welfare nearly tripled during that
same time period to 293,029, according to an Urban Institute study cited by the
Chronicle of Higher Education. This is shocking and I imagine its not what comes
to mind when most people think of welfare recipients.