iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,458 Blog Posts

Fly Buy: GORO

I added to my GORO position.

Disclaimer: If you buy GORO because of this post, Obama will get reelected. And, you may lose money.

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28 comments

  1. Dirk Diggler

    http://www.youtube.com/watch?v=eJ6Z0fd0l44&feature=related

    FATALITY

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  2. go2mars

    http://www.goldismoney2.com/archive/index.php/t-524.html?s=d418ff253326772a09e1a8d992da7753

    Early banking history. Worth a read.

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    • lol

      They don’t need to create a crash of that magnitude to depopulate the earth anymore just for controll…and they will realize this cloud computing will lead to platforms such as google circles and facebook with skype to create more business partnerships to form an increased in innovation and a movement towards greater amount of the serfs being traded as leaders will result in a better society and through technology the serfs will willingly be controlled even if this generation of serfs live like kings. As education merges with technology (online education) it will pave the way for more innovative ways to teach the masses, and while in the industrial age we needed lots and lots of skilled workers, now we need innovators, similar to how in the agrarian age we needed lots of independent farmers who were ruled less overtly and more covertly through the combination of business and governments around the world.

      It may take a grand restructuring that may take a few decades, but rest assured, technology will be what gives those in power control, while also granting the rest of us freedom in a strange irony.

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    • Bind Dead Aphid

      Is this “account” of the same Edward III who is known as the LordFather of the Long Bow? The same man who brought about English Common law?

      The same King who married a wounded French Princess with ties to northern Spain (not the Muslims parts) and lineal relations to Italy’s aristocracry?

      The King’s surplussage of wool trade (produced in England) resulted in Edward’s debts to the the Venetians?

      Uh… . I’m not interested in being too divisive, but that board posting is questionable at best (putting it nicely).

      One need not look further than the Alps for retaken “gelt”/gold that was lawfully reclaimed by “barbarians” from “pretender” popes.

      An “independent” finds it … peculiar… that these are the so-called Dark Ages. Enlightening?

      Enter what we, today, call “Jesuits.”

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  3. ronpaul

    ur an idiot, u should be overload on TBT calls. This thing is gonna rocket.

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  4. hitter

    is the vclk/google earnings positiuon worth holding here?

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  5. Dr Fly

    Vclk is barely down. Yes

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  6. ronpaul

    even with a debt deal, treasuries are going up. By raising the debt ceiling, we are admittin default. Smart money knows this. In either case TBT is a long here without a reason to sell in the world. No matter wat happens. gold and silver are going higher and interest rates are going up because our bonds are going to be sold all over the world. At least Europe is doing austerity. Here in America we are trying to raise taxes and fund programs that are not possible with our current spending – revenue from taxes. Thats it, the ponzi scheme is over, and if you don’t have bond shorts in ur portfolio ur ignoring the truth

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  7. Mike

    in the meantime……crack spreads are at all time highs…….WNR banking serious coinage…….just added some more!!

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  8. Atlas Vicious

    I remember your 2008 post where you made an association between gold coins and something about “gayness”.

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    • Hack

      I bought a bunch of Buffalos when they were first minted in 2006 for $650. Imagine if I had used that money to buy a house or even worse, equities…

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  9. Trading Nymph

    Going long gold at 1600 level is darn Gutsy. But the Fly has never been without nerve.

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    • pedro

      Nymph,

      What’s gutsy about it? If it breaks through that level of resistance, can YOU tell me where it goes? I’d rather wait for a move to and through $1,600 than buy at $1,550.

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    • lol

      fat tail event… debt ceiling inaction, or PIIGS. Any sovereign issues could be very bullish for gold

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      • Trading Nymph

        Soros is out of Gold trade, we have RBA minutes tonight with it probably being dovish over lack of Global Growth. We have ZEW survey out of Germany too tonight…All time highs are the hardest resistance there is out there. Just don’t see the trade playing out..plus, Gold likes the first of the month, not towards the end of the month I have noticed. I am long gold myself, fwiw..but I didn’t add, its just my hedge.

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        • go2mars

          Soros is as old as dirt.

          Fiat experiment will wind down as debts deleverage via printing.

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  10. j

    Anyone read about Ray Dalio in the New Yorker.

    The dude is the craziest son of a bitch in the history of trading.

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  11. Random

    Anyone have an idea what to expect of Mosaic after the bell?

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  12. JakeGint

    (hammer hammer hammer)

    (saw saw saw)

    (wipes brow…)

    (hammer hammer hammer)

    ___________

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