"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Thursday, August 15, 2013

More Under The Carpet Regarding The Soros GLD Sh*t

So what if Soros sold his position in GLD?  There is a serious problem with tabloid websites and people who need the promotion of CNBC appearances pretending they know what they are saying without doing one ounce of extra work.  To my point, these people are wrong about the market entirely.  It is FED induced, we are at very fragile and risky point now, and our economy isn't robust when you consider the critical role a robust financial market plays in allocating capital which drives a robust economy through genuine wealth creation.

Georgy Boy added Barrick Gold and Goldcorp.  It's makes sense if you think about it.  The Federal Reserve released insight into the outrageously over-leveraged ETF market threat that they themselves stated resembles the portfolio insurance policies of 1987.  That's somewhat worrisome.  Now couple this with the Margin Credit issue Zero Hedge was covering before it made headlines last week along with the revelation POMO has been driving this rally the whole time, which contradicts the Circle Jerk Crew's claims (here and here) and now you have a better picture of the mess we're hurling ourselves into.  This may be a big picture warning spelled out for you now but the pieces have been available to those willing to put in a little extra effort and not rely on others, especially those who represent organizations whose main revenue is selling user-data to third-party email spammers and advertisers.