Starting the Week with Gary
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Definitely from Aug 04/14
I was trying to figure out why the Canucks would have TWO BC days. I mean, celebrating it once is OK… but twice in one week… that’s a bit greedy. lol
Hi Friends : Gold wait till Sept. to buy, just repurchsed some USA based oil stocks. Mess in mid east gets worse. I think USA will allow Kurds to sell thier own oil soon. perhaps USA will recognize Kurds as a seperate country. Maliki must go hes negitive for Iraq. best to all S
Assessing Another Bank Participation Report
Friday brought the release of the latest CFTC-generated Bank Participation Report. What can we glean from reviewing it? Likely not much, given that JPM was just fined for repeatedly providing the CFTC with false and inaccurate data.
First, an apology. What for? My crime was foolishly believing and trusting the CFTC-generated data. About a year ago, I even went on Max Keiser’s show in order to proclaim it as loudly as possible:
TFmetalsreport….http://www.tfmetalsreport.com/podcast/6017/assessing-another-bank-participation-report
Big AL,
I am a subscriber with Gary, and I suggested to him over the weekend to have a debate on your show with Trader Dan, as they have very different views on the gold market. Why don’t you give Trader Dan a call and try to set it up. Gary already said he would be open to debating Dan. It would make for a great listen. Maybe 2 segments on your weekend show.
Dan has turned us down, saying he has an exclusive with King. Sorry.
Big Al,
Dan hasn’t down King since last November or December. Give him a call,
Gary,
Why not quit with gold and silver and trade Palladium? It’s clearly not manipulated (at least not yet) and looks the most bullish of any asset out there right now.
I added some shares of RIG (Transocean). Near the 52 week lows. It just reported 1.61 earnings for the quarter. Earns around $5 or more and pays $3 (7.7%) in dividends for the year. A highly profitable company and a low risk entry point. If this were a tech company the stock would have shot up 20% but it only moved up a bit so far. It has around 78 deep water drill rigs that around $300k or more daily. Added at $39.
Al, Cory,
Seems to me that the audio file is from last Monday…
Best,
LPG