Posted on 03/04/2013 9:44:26 PM PST by dennisw
Trying to focus on the markets for today and each day and the economic news
A number of people have talked about such a thread. Lets see how it goes. This is where you can impart some investment wisdom to your fellow freepers. You can vent about the big one that got away. You can chime in how Obama is out to wreck American capitalism.
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite precious metals blogs and sites
Apmex.com is a solid place with good reputation to buy precious metals Kitco is a good site for charts and other precious metals information
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
ping
I also have been thinking silver. In particular, junk silver—old coins with no collector value beyond that of the silver in them. the coins are still legal tender (albeit at face value) so would be useful for trade in a post-whatever world. Plus the investment value if the world remains solvent and stable.
TC
Proof the Fed is juicing the markets
Fox News ^ | 5 March 2013 | Elizabeth McDonald
Posted on Tuesday, March 05, 2013 7:21:41 AM by MeneMeneTekelUpharsin
Charles Brady, senior editor of the FOX Business Network, has put together a remarkable chart that clearly shows the Federal Reserve’s monetary easing policies are not going into the U.S. economy, but instead into the stock market. The chart here compares the Dow Jones Industrial Average with the St. Louis Federal Reserve Bank’s adjusted monetary base. It shows the effect of Fed purchases of mortgage-backed and Treasury securities from Fed dealers, whereby the Federal Reserve buys $85 billion total every month from the big banks, hastening the growth in the Fed’s balance sheet to more than $3 trillion.
The central bank has been creating bank reserves out of thin air since September 2008, making it an official enabler to the federal government’s massive fiscal expenditures that now has the federal deficit at more than $16 trillion, with about $6 trillion added since the president took office, more than any other U.S. president combined.
http://www.freerepublic.com/focus/f-news/2993575/posts
I am somewhat of a silver bug. Once you get the “bug” you will find yourself cutting back on wasteful things in order to invest in your next silver purchase...seems I can’t buy it fast enough!
I buy silver from APMEX and Provident Metals. Apmex seems to be the “best” when it comes to shipping times but are slightly higher than Provident. Provident has the best prices between the two but orders may take 10 days or so to arrive (Provident also has cheaper shipping).
I am not into “junk silver” but instead purchase bullion in weights mainly from 1 oz to 10 ounces.
A blog I keep track of is TF Metals Report. http://www.tfmetalsreport.com/
Outside of metals I don’t pay much attention to the stock market but do sell some stock off when it’s time for profit taking. The metals I am accumulating are 50% investment and 50% peace of mind for me. I may make money off them and I may not, however it nice knowing you have something that is physical vs paper and I am distracted by the beautiful shiny stuff!
On the investment side the wife and I have some healthcare stock that we invested in 2 years ago and it seems I can’t sell it fast enough. Purchased 2000 shares at $17.80/ share and have been selling all the way up to it’s current $42.xx per share price. Still have roughly 1000 shares left and am thinking of dumping it and using the proceeds to buy more PM’S (precious metals).
******** Today’s super phoney Federal Reserve fiat money is so so suitable for today’s economy where an ever increasing number of economic transaction involve the gov’t on one end or both ends of it. Phoney money for phoney transactions
(many levels of gov’t in America of course, a lot of busy bees here)
20-30 years ago much more of American economic activity took place 100% in the private sector. Nowadays gov’t regulators love to stick their noses in them to justify their paychecks. With Obama-Care you have the private health sector becoming a Gov’t health sector so what better money for it use as medium of exchange within itself and with 0-Care recipients than the hyper-fiat money of today’s Federal Reserve?
“A blog I keep track of is TF Metals Report. http://www.tfmetalsreport.com/";
I must start going there each day. He branched out of Zero Hedge
Try Ed Steers gold silver report comes into your email box. Daily from the Doug Casey group. http://www.caseyresearch.com/gsd
Lots of good leads from him plus his take on daily activity for gold silver
I do have an idea for the group, e.g., what stocks do you think will benefit from the Japanese Govt's currency intervention; what is down now and should rise later or vice versa?
As many within economic forums, I believe the QE's and the recent 1 Jan jump to FED printing (from 40B to 85B) purchases has kept the markets high.
http://www.bloomberg.com/quote/SMSN:LI
Maybe Samsung is benefiting and showing this by rising stock price...you can buy their stock in London X
* Governor Snyder
* His desire for a Detroit Renaissance
* His insistence on a new bridge to Canada.
* And, a new 2.75% flat tax on Mining in the UP, and my guess is the Vessels below would ship said goods...
Low and behold the LPG Powered Large Vessel, much cheaper and cleaner than Diesel or Bunker C is my guess...
http://www.greencarcongress.com/2013/03/shelllng-20130305.html
From the Article:
"Great Lakes. In the Great Lakes Corridor, Shell plans to install a small-scale liquefaction unit (0.25 million tons per annum) at its Shell Sarnia Manufacturing Centre in Sarnia, Ontario, Canada. Once operational, this project will supply LNG fuel to all five Great Lakes, their bordering US states and Canadian provinces and the St. Lawrence Seaway. The Interlake Steamship Company is expected to be the first marine customer in this region, as it begins the conversion of its vessels."
If it weren’t for the great lakes directional drilling ban we wouldn’t need to rely on Canada for the liquified gas. However there really isn’t a better location than Port Huron/Sarnia.
On the other hand it probably wouldn’t hurt to have at least one liquefaction facility on Lake Michigan.
As mentioned yesterday I nibbled at FCX and SLW. I bought SLW yesterday at $30.14/shr and sold today at $31.15/shr. I bought back in before closing at $30.20/shr. to see if I can duplicate that. Good luck to all. I’ll be looking at CHKR and THM tomorrow.
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