re: Money people - what is your view of the economy?

No it does not. I am in in IB. I am surprised I have to argue with someone over my own job for my own company.

Management is trading certain securities designated to be management, ie whether they are very specific securities or whether it is a strategic move on our part.

The flow department is mostly CDSs, IRSs, ESWs, ETPs, and your ordinary vanilla options that I am working with. But it doesn't mean I can't work with Bonds.

Other than that I can not really go into much further detail or I would be violating my terms of service.

Pipe down, this dude is awesome.

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Your post has done nothing to refute my major premises in that hedge funds have increased their gold holdings in 2012.

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From another article:

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I have designed algorithms that dissect the trading data along with a variety of other indicators to make a qualitative estimate of buying by institutions and by smaller investors. These data show that in gold’s run from $1450 to $1910, 70% of the buying was by retail investors. Only 7% of the buying was from institutions. In the subsequent run from $1600 to $1760, 85% of the buying was by momentum chasing retail investors, but the ‘smart money’ was a net seller. In the latest run up, 92% of the buying between $1500 and $1790 is from mom and pop. Institutions are again net sellers. Fundamentals may be on the side of the institutions. The hard data on inflation shows that it is under control and the world economy has many deflationary tendencies.

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And then pumping the jr miners to boot.

LINK

well the last couple of pages of this thread turned out tons of win

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Whoa would chris know? Not like he works in in the industry.

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I think I qualify. Not trying to get in a dick measuring contest here though.

That was sarcasm.

Either I am doin an awful job at it, or everyone on this board I missing it.

I'm going to start adding [/sarcasm] tags.

Well, like my New Year's reso, I did exercise/exhibit more patience, but could only hold out so long.

So you rehash me a quote from a guy that is highly levered with equities and would lose his horse, house, and wife if gold goes above $2000. He doesn't even realize that gold was at a fixed price before 1971. Thanks for bringing in this neophyte.

If you don't think we have inflation in many sectors of the world, look no further than China, India, Vietnam, and your own grocery store. Has your average food bill gone up or down the last year? Do you pay less or more for most necessities relative to a year ago? There are multiple independent sources that report inflation to be approximately 8% right now.

I agree that as a whole the US is experiencing slight deflation. However, that will not stop the coming inflationary environment down the road.

And about the Junior Miners, I offer them as a tool to leverage yourself against the price of gold and silver b/c in every scenario where gold and silver has gone up in history, the junior minors have outpaced gold/silver by a factor of 10 and even 100 in many cases.

Now, the only companies I suggest even investing in (btw I am on a VPN, so I can squawk all I want and I have not used any insider info thus far) are miners with no debt, no hedging, in great jurisdictions/politically friendly environments, excellent management teams, huge cash castles, low cash cost per ounce, and high 2P reserves.

So, lets make a proposal. What is a thousand Federal reserve notes to you? Not much right? So, if you buy at least 100 shares of SVM (which is around $7 a share), come back to me in a year, and if you have not double or tripled your initial investment, then I will stop with my bullish PM diatribes.

Edit: And if it happens to go down I will offer to pay for the difference.

Also, surprised to see Forbes put that out there, b/c he is for a Gold Standard. I also like how this article was written after the manipulated drop in gold/silver on Feb 29, talking about smart money after the fact ( he doesn't even attempt to include purchasers of physical bars and coins in his data, what a shyster)

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Keep the good stuff comin bro. VPN, damn you're such a bad arse.

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You can't deny the fact that gold, while the talk of the town in the last decade, has still performed relatively poor historically to other asset classes.