James Montier - GMO - Strategic Asset Allocation

JM-I Want to Break Free

Time of Rio

Time of Rio from MOOV on Vimeo.

see also  City of Samba

Jim Sinclair - words of wisdom...

My Dear Extended Family,    1. Gold did not fall on its own gravity. It was forced lower. 2. That take down had a distinct pattern outlined by CIGA Richard's note. It was high velocity, high volume offering at a market period of illiquidity. The form is a straight line down in a very short period of time. 3. This pattern is the hallmark of those seeking a lower price for gold. 4. The limit to this strategy exists in two things. The first is when the cash market fails to fully respond to the paper takedown. The second will be apparent in the form of a takedown that will present themselves. Those takedowns are short on lower volume. Seeking profits, shorts that are only hangers on will seek to duplicate the strength of the $1800 - $1775 - $1750 take down but run into cash market demand. This will be the price that pleases Asian demand promised to us from China. The paper market will not be able depress the cash market penny to penny. 5. The first signs are definitively in that the long war conducted by the US and GB against the euro has been lost. The euro is in a new birthing process, against all odds, as rising into the category of reserve demand. 6. Euroland and all the BRICs have been buyers of gold for reasons not motivated by emotion, but based on events yet to occur. 7. I have assured you that gold is migrating back into the monetary system, not as convertible, but rather as an alarm by price function. The price will be determined in the cash market as a product of speculation concerning a global M3. 8. Since construction in monetary science requires destruction, first the volatility of gold is going to be significantly more violent than even I anticipated. 9. The magnets at $2111 and floating around $4000 may simply be grade one of an educational system. 10. I have seen this type of take down before. 11. It was just prior to the major move in gold in the 70s wherein gold rose the most over the shortest period of time. 12. The operation of gold's price is not for a short to profits as its market character speaks of deep pockets only governments can have. I suspect that battle for the survival of the euro might soon be reversed into the battle for dollar survival. Euroland, Russia and Asia from central banks to connected financial entities have been buyers of gold. The tables have shifted. The signs of the new triumvirate being on the offensive sits right in front of us. This is the transition that I believe is at hand. This operation is from some mega interest not seeking to profit on a short, but to obtain the most gold possible for this market event which will play into 2015 to 2017. Conclusion: There is not top in gold. The gold price is going much higher than I originally anticipated. The long standing currency war has shifted now putting the dollar in harms way. Gold and those very special gold situations are going much higher. Borrowed money cannot be used without taking risk beyond reason. Stay the course because what has so far occurred is only the appetizer. Respectfully, Jim

Have Yourself A Merry Little Christmas

Dr John on Fed Policy

"The Federal Reserve under Bernanke is like a bad doctor facing a patient with a broken femur. Being both unable and unwilling to restructure the broken bone, he announces that he will keep shoving aspirin down the patient’s throat until the bone heals. Despite virtually no relationship between the injury and the treatment, that femur might eventually heal enough on its own to allow the patient to hobble out of bed. But by then, the patient will need to be treated for liver failure. What’s even more bizarre is that everybody quietly knows this, but as he shoves another handful of aspirin down the patient’s throat, nobody proposes restructuring the broken bone, and they instead stand around helplessly saying “well, ya gotta do somethin’ don’t ya?”"

http://www.hussmanfunds.com/wmc/wmc121224.htm

David Collum - 2012 Year in Review

2012 Year in Review

Look Out Below

Kyle Bass @AC2012 - The Entanglement

It is an hour long, but, it is Kyle Bass - a must listen...

http://www.youtube.com/watch?v=JUc8-GUC1hY&feature=youtu.be

Saxo Bank - Outrageous Predictions 2013

Outrageous Predictions 2013

Eric Scott Hunsader ‏@nanexlic

Eric Scott Hunsader ‏@nanexllc

I have waited 2 years for this: http://www.scribd.com/doc/116761218/CS-HFT-DETECTION … It confirms that someone at SEC is flat out lying to protect #HFT

CS HFT DETECTION

Jim Rickards on Currency Wars and Inflation @JamesGRickards

Stephen Roche - David Walsh - I did Noth ing

Quaintance and Brodsky

Qbamco - It's Time

A bad idea, a good idea?

Rouleur Says: 
December 11th, 2012 at 8:18 pm

…when in corporate brainstorming sessions, I frequently hear…”there is no such thing as a bad idea”…errrr…yes, there is…most ideas are bad ideas…why do you think a good idea is a good idea?…it is rare event …now, turning this back to the question at hand…if no ideas are bad ideas, then why should they die, anything is ok, it perpetuates the BS forever?

The Black Box - Trading Machines

Jim Rickards Currency Wars Update @JamesGRickards

Steve Keen - 1937 and The Fiscal Cliff

Bob Rice - Gold Leasing

GoPro Hero 3 Black Edition

Blue Rondo ala Turk - hold on till the break...awesome

ECRI Lakshman Achuthan Sticks with Recession Call

Dave Brubeck (12/6/1920 - 12/5/2012)

Bart Chilton v Eric Scott Hunsader - HFT ...

Neil deGrasse Tyson

Does the Universe have a purpose?

"To assert that the universe has a purpose implies the universe has intent. And intent implies a desired outcome. But who would do the desiring? And what would a desired outcome be? That carbon-based life is inevitable? Or that sentient primates are life’s neurological pinnacle? Are answers to these questions even possible without expressing a profound bias of human sentiment? Of course humans were not around to ask these questions for 99.9999% of cosmic history. So if the purpose of the universe was to create humans then the cosmos was embarrassingly inefficient about it."

F1 US GP COTA

Gold and Silver American Eagle Sales