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Fortune

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About Fortune

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    http://michaeltsarion.com/
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  1. Fortune

    Greece to leave Euro... Eventually

    ISDA CDS Trigger Decision Is Unanimous, according to zero hedge: http://www.zerohedge.com/news/isda-cds-trigger-decision-unanimous In the immortal words of cgnao, is this all contained? I guess we are all about to find out come Monday morning. Is that typical, they always leave the big market announcements for Friday night.
  2. Fortune

    Greece to leave Euro... Eventually

    So what's the deal now? Problem 'solved'?
  3. There is one thing about Jim Sinclair that does bother me. He never talks about silver. Why is that? He mentions in passing that sivler is 'just a game' but I would say that gold is the actual game to me. I agree with Bubb's point about who actually owns the gold. I'm sure it's not beyond the realms of possibility to see Blythe Masters and co secretly hoarding gold into their offshort vaults. It stands to reason to see that they will benefit from any revaluation of gold. And what about silver? This, I believe, is the achilles heal of the system. Which is why the power-that-be spend so much time whacking the prices down - even more so than gold. This is the reason why Jim Sinclair is so silent on silver. Maybe he doesn't want to rock the boat, so-to-speak.
  4. Fortune

    The price of gold is going to crash

    Didn't Pix email just such a question to James Turk regarding pricing mechanism in the SHTF scenario? From what I can remember GM sources their metal (most or all, I'm not sure) directly from the mines. So I guess it's a question of what price do the miners want to follow: the existing broken system (in which case they might just sit on their hands and stop production) or maybe some other alternative like PAGE?
  5. Fortune

    SILVER

    Want to have a chat with the head of global commodities at JP Morgue? Come on down and enjoy the party! http://blythemasters.blogspot.com Don't forget to show your appreciation! Remember to keep it clean folks.
  6. Fortune

    GOLD

    Want to have a chat with the head of global commodities at JP Morgue? Come on down and enjoy the party! http://blythemasters.blogspot.com Don't forget to show your appreciation! Remember to keep it clean folks.
  7. Fortune

    GOLD

    Well, I guess they are stuffed. Good luck with that so-called gold purchase. Who wants to bet that those 25 tons (plus their other 14 tons) have been encumbered? When TSHTF it looks like they will be at the back of the queue - behind rich arabs, sovereigns, germans, GLD and SLV.
  8. Fortune

    Kitco closes down

    Here's the latest... Read more: http://www.vancouversun.com/Kitco+moves+into+creditor+protection/5068303/story.html#ixzz1RbYE4Fg2
  9. Fortune

    Kitco closes down

    Website is still up. Just a rumour?
  10. Fortune

    SILVER

    Folks in the PM blogging world think the comex vault will go empty by the end of july - mathematically-speaking, of course. So expect the unexpected.
  11. Fortune

    SILVER

    Very interesting article by Prof. Fekete regarding silver. China has the trump card. Seems like he's a silver bug too! http://www.marketoracle.co.uk/Article28687.html
  12. *** BREAKING NEWS *** Realist Bear turns bull!!! http://www.housepricecrash.co.uk/forum/index.php?showtopic=165208&st=0
  13. Fortune

    GOLD

    Man, when that yellow metal blows, it will an awe inspiring sight. For the first since owning PMs, I'm actually very aprehensive about the world we will be living in when that yellow volcano explodes. Or perhaps like an exploding star would be a better description.
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