Bank holiday confirmation?

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investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Bank holiday confirmation?

About 15 minutes into the interview. Bank holiday ignited by forced foreign treasury sales? Sept, Oct. Dollar crash. More money for FDIC later this year. Derivatives in jeopardy. Cost of rescue 24 trillion just to start-ouch!

By the way, I'm out of the markets, in cash and gold. Jon

http://www.contraryinvestorscafe.com/player/player.php?utype=PU&pid=6224...

bluestone's picture
bluestone
Status: Gold Member (Offline)
Joined: Dec 29 2008
Posts: 263
Re: Bank holiday confirmation?

this is a good interview to listen too and quite alarming.  If his sources are reliable, a lot will be happening in the next couple of months.  500-1000 banks on the verge of collapse? coordinated foreign dumping of treasuries? expect rapid dollar devaluation?

 

Brian

investorzzo's picture
investorzzo
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Posts: 1182
Re: Bank holiday confirmation?

I first heard this from Bob Chapman and others are moving to the idea that something is coming this fall.  Jon

http://bobchapman.blogspot.com/2009/08/bob-chapman-on-gold-silver-bank-h...

Cloudfire's picture
Cloudfire
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Posts: 1813
Ho, hum

I haven't looked into this particular issue, but, in my experience, Bob Chapman is a sky-is-falling alarmist who is closely allied with Alex Jones and Ted Anderson (the gold huckster who owns Alex's show).  I take everything emitted by this fellow with a block of salt.

 

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
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Joined: Jan 4 2009
Posts: 2606
Re: Bank holiday confirmation?
investorzzo wrote:

About 15 minutes into the interview. Bank holiday ignited by forced foreign treasury sales? Sept, Oct. Dollar crash. More money for FDIC later this year. Derivatives in jeopardy. Cost of rescue 24 trillion just to start-ouch!

By the way, I'm out of the markets, in cash and gold. Jon

Jon -

Cash and gold are good.  But it wouldn't hurt to be in a few OEX and/or DIA Put contracts with a Feb/Mar 10 (or later) expiration.  You could probably go at least 5-7 strikes out of the money and not lose too much to time decay.

 

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: Bank holiday confirmation?
Dogs_In_A_Pile wrote:
investorzzo wrote:

About 15 minutes into the interview. Bank holiday ignited by forced foreign treasury sales? Sept, Oct. Dollar crash. More money for FDIC later this year. Derivatives in jeopardy. Cost of rescue 24 trillion just to start-ouch!

By the way, I'm out of the markets, in cash and gold. Jon

Jon -

 

Cash and gold are good.  But it wouldn't hurt to be in a few OEX and/or DIA Put contracts with a Feb/Mar 10 (or later) expiration.  You could probably go at least 5-7 strikes out of the money and not lose too much to time decay.

 

Dogs, thats when I had some money to invest. Those days are gone...

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
Re: Bank holiday confirmation?

I haven't looked into this particular issue, but, in my experience, Bob Chapman is a sky-is-falling alarmist who is closely allied with Alex Jones and Ted Anderson (the gold huckster who owns Alex's show).  I take everything emitted by this fellow with a block of salt.

Thank you a voice of reason. I can't take too much of Bob Chapman unless he has a worthy interview that isn't all doom & gloom.

Calm voices of reason backed up by good data means so much more.

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