Comments for sovereignspeculator

Comment on About by Mike

Mike — Mon, 30 Jan 2012 00:05:17 +0000

Lake Lucerne

Comment on About by Paul

Paul — Sun, 29 Jan 2012 20:24:16 +0000

beautiful picture! where is this ?

Comment on Where are we in the secular (post-2000) bear? by Bjorn

Bjorn — Wed, 23 Nov 2011 18:53:40 +0000

“. . . select equities could be a nice hard asset to own through the turmoil in the currency and sovereign debt markets”

Good point. For those of us who do not hold gold outside of the country those equities might be a preferred asset to hold, given the possibility of gold regulation in the US, which I cannot completely discount. However, do you think a year or so will be enough time to know which brokerages are going to remain solvent over the remaining course of the bear market? Any suggestions in that regard?

Comment on Long TLT, short JNK by Buying Gold

Buying Gold — Wed, 23 Nov 2011 15:29:03 +0000

Buying Gold…

[...]Long TLT, short JNK – The Sovereign Speculator[...]…

Comment on Just an Ordinary Crash: No Conspiracy to Manipulate the Silver or Gold Markets by morgan dollar

morgan dollar — Tue, 22 Nov 2011 22:18:36 +0000

morgan dollar…

[...]Just an Ordinary Crash: No Conspiracy to Manipulate the Silver or Gold Markets – The Sovereign Speculator[...]…

Comment on Just an Ordinary Crash: No Conspiracy to Manipulate the Silver or Gold Markets by Buying Gold as an Investment

Buying Gold as an Investment — Tue, 22 Nov 2011 17:26:28 +0000

Buying Gold as an Investment…

[...]Just an Ordinary Crash: No Conspiracy to Manipulate the Silver or Gold Markets – The Sovereign Speculator[...]…

Comment on Treasury-only money market funds by worldwide banks

worldwide banks — Sun, 20 Nov 2011 23:23:06 +0000

worldwide banks…

[...]Treasury-only money market funds – The Sovereign Speculator[...]…

Comment on Are there any good buys emerging in Greece? by Bjorn

Bjorn — Sun, 20 Nov 2011 05:24:56 +0000

I’m somewhat off topic here, but I wanted to run this by you Mike and see if you might have have a comment. This article was posted on Zero Hedge regarding the MF Global Collapse:

http://www.zerohedge.com/news/entire-system-has-been-utterly-destroyed-mf-global-collapse-presenting-first-mf-global-casualty

I hope the link works. In case it doesn’t, the author operated a brokerage, but after the MF Global situation he decided to shut down his operation. He states, “The futures and options markets are no longer viable. It is my recommendation that ALL customers withdraw from all of the markets as soon as possible so that they have the best chance of protecting themselves and their equity.”

He believes that the MF Global collapse revealed a systemic problem. He writes, “Whenever a firm failure happened, the customer funds were intact and the exchanges would step in to backstop everything and keep customers 100% liquid – even as their clearing firm collapsed and was quickly replaced by another firm within the system. Everything changed just a few short weeks ago.” He makes the point that the exchanges did not step in this time.

He spells out what seems to be a change in how such collapses are being handled. This change is apparently unprecedented. I wonder if you might have any thoughts about this.

I know the “Prechter Point” awaits us, but this sounds like a giant step in that direction.

Comment on Vulture funds picking at Miami condos by Hotel Scarborough

Hotel Scarborough — Thu, 17 Nov 2011 22:08:59 +0000

Hotel Scarborough…

[...]Vulture funds picking at Miami condos – The Sovereign Speculator[...]…

Comment on Treasury-only money market funds by visit the website!

visit the website! — Thu, 17 Nov 2011 08:12:25 +0000

visit the website!…

[...]Treasury-only money market funds – The Sovereign Speculator[...]…