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  1. #1
    Hatchet Sushi Master Rooskibar03's Avatar
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    Quote Originally Posted by roberth View Post
    Gold is under $1100, to 1070. Fiat paper has more value than a precious metal, kinda like the platitudes of the government carrying more weight than the deeds of the government.
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  2. #2

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    The legendary Richard Russell has passed away: http://kingworldnews.com/legendary-r...sell-has-died/

    It is with great sadness that we report the passing of Richard Lion Russell on Saturday, November 21. Richard had gone to the hospital a week earlier with abdominal pain. He was diagnosed with blood clots in the leg and lungs and other untreatable ailments, but was able to return home under hospice care. He spent his last days surrounded by family and visited by close friends.

    Richard wrote for Dow Theory Letters almost every day of his adult life, mailing the letter out faithfully every ten days to three weeks beginning in 1958. In 1991 Dow Theory Letters began publishing online, which allowed Richard to write daily. This he did until about a week before his passing. Dow Theory Letters was the longest investment letter in the industry continuously written by the same person.
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  3. #3
    CO-AR's Secret Jedi roberth's Avatar
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    Oil is falling, WTI under $37, and Brent just a little over $40.

  4. #4
    Gives a sh!t; pretends he doesn't HoneyBadger's Avatar
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    Looks like oil is going to keep falling. Short of a global war, I don't think we'll ever see $100/barrel oil again. Even $50/barrel seems somewhat unlikely at this point. Any long oil or gas futures are a pretty long shot at this point.
    Last edited by HoneyBadger; 12-08-2015 at 09:14.
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  5. #5
    CO-AR's Secret Jedi roberth's Avatar
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    Yup, OPEC had a meeting recently and they said that their production levels would not be reduced.

    Gold and silver are under $1100 and $15 respectively. Fiat paper is riding the roller-coaster, major currencies are kinda flat.
    Last edited by roberth; 12-08-2015 at 09:21.

  6. #6
    Zombie Slayer
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    US deployments to Mid East paid for low priced oil. I need a vacation.

  7. #7
    CO-AR's Secret Jedi roberth's Avatar
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    Strippers Suffering From Low Oil Prices (not what you might think)

    http://www.zerohedge.com/news/2015-1...low-oil-prices

  8. #8
    Zombie Slayer Aloha_Shooter's Avatar
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    Low priced oil right now is a reaction to lowered demand and investments in alternative energy sources. OPEC has acknowledged in the past that they feared breakthroughs that would undermine their energy market and that they would lower prices to make investments in shale oil and alternative energy sources uneconomic. Add a burgeoning black market in Libyan oil and Russia's increase in production to pay for Putin's global adventurism and you have all the explanation you need without the usual poppycock about "US deployments".

    US deployments to the Mid East could only be credited with lowering the price of oil if they had stabilized the situation in the Mid East as occurred after Desert Storm. That has not been the case after OIF/OEF.

  9. #9
    CO-AR's Secret Jedi roberth's Avatar
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    I'm seeing silver at $13.90 this morning.

  10. #10
    Mr Yamaha brutal's Avatar
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    Good thing I'm broke and Provident still hasn't fixed their ACH payment method.
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