San Diego Housing Bubble News and Analysis

That should be *deflation*.

Wow, gold down 50 bucks now.

Breeze. See dick run, see dick jump. But what ever he does, don't be a dick.

If there's anything that you should have learned over the past couple of month is, don't publicly gloat when the market happens to move in the direction you want it to for a couple of days. You quite possibly might eat your words and cry the following days.

 As of now, markets are red. And your darling LEH is down a buck.

selfportrait

----- Sour grapes for everyone!

If there's anything that you should have learned over the past couple of month is, don't publicly gloat when the market happens to move in the direction you want it to for a couple of days.

Give me a break. You gloated more than any "Internet supertrader" I've ever seen after your supposed Bear short the other day (conveniently announced after Bear collapsed).

I'm just adding some accountability to the Internet Supertraders around here. Kewp professed his undying love for SKF and Gold yesterday. Today? Gold is down 5% and SKF is down 3.5%.

By the way, I'm no fan of Lehman. It could surely go to zero just like Bear did. And I would think up here at 44 or so would be a good level to short after the massive short squeeze yesterday.

I gloated because I profited from luck rather than skill (because it does happen by freak of nature. I'm also not exactly shy when i take it up the groin either. This is one big game for me.

I never called out people specifically on a thread titled "person xyz, how's those short positions today?". Frankly, that's just being a dick (no offense). But I don't own this board, so post away.

I just find it funny this is turning out to be like the Yahoo finance message boards.

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----- Sour grapes for everyone!

at some point contrarians become part of the herd, and you get screwed!

. Today? Gold is down 5% and SKF is down 3.5%.

A great buying opportunity for those late in the game. Don't forget SKF is leveraged!

There are always bear market rallies and these do nothing to change the fundamentals. See: http://moneycentral.msn.com/investor/par...

Foreign stocks, commodities, precious metals and my lovely SKF are all the top performers.

Got in(de)flation?

at some point contrarians become part of the herd, and you get screwed!

Then you are not being a very good contrarian.

Looks like a good time to pick up more gold imo.

I'm sure that this is all just a coincidence.

The game is rigged.
The dice are loaded.
The house always wins.

breeze, i think that you're slamming the wrong person. If I recall, FLU is long the market (except for a few shorts).

I personally, I'm staying on the sidelines for a while longer.

breeze, i think that you're slamming the wrong person. If I recall, FLU is long the market (except for a few shorts).

Did I ever say that I'm consistently right? I'm pretty wrong a lot of times. For example, I'm dead wrong about BAC and C, though yesterday's action helped "dollar cost average" my losses on those fronts. I don't subscribe to the notion of a dow 10,000 or a dow 15,000 these days. It ain't moving anywhere but up and down these days.

But one thing is for sure..Dollar has tanked (and no I have no currency trading skills, though I wish i did). 1 penny isn't even worth 1 yen these days. It's just pathetic.

On a side note, having inflated currencies might do americans a good thing. it will make us have to sharpen are math skills. Gone are the days that you simply round up or down to the nearest dollar. We're getting to a point that cents don't matter, and that it takes several dollars to represent buying/selling real things.

I have a theory. Perhaps the reason why folks of certain countries are good at math has to do with the currency denomination. Take for example Japan. You have to regularly deal with 6-7 digit numbers. I'm sure folks from Argentina would do pretty well at arithmetic too.  Pretty soon, even us too will have better math skills.

 $125 for a burger, $1255 for a tank of gas, $127,000 or a entry level used car, $20,000,000 for a 1 bedroom place,etc,etc.

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----- Sour grapes for everyone!

breeze:

bagged a fistful of c march $20 puts for .13, running .35 now and heading higher...

bouncing the bottom is fun! we'll see if the fun lasts through tomorrow though...

I agree, this is a buying opportunity for gold. There has been so much money printing, not just from the us. I'm no pro investor, but I'm bullish on gold, even after a bad day like today and maybe tomorrow.

Do you really think this is the last rate cut, or that this is the last bailout, or that the banks or brokers won't flirt with disaster again?

I agree, this is a buying opportunity for gold. There has been so much money printing, not just from the us. I'm no pro investor, but I'm bullish on gold, even after a bad day like today and maybe tomorrow.

Gold down another $37 to $908/ounce. That's almost a 10% cut in two days.

http://www.cnbc.com/id/15839171/site/140...

gold bubble evidence -- not an ad. They turned off their shopping cart and are only selling gold+silver over the phone.

-----------------------
Due to the OVERWHELMING demand for precious metals, our online ordering system has been unable to keep up with our customers’ needs. We have had to disable the APMEX ordering system to allow us ample time to upgrade our site to accommodate the increased demand. We apologize for this temporary problem. In the mean time, we will be accepting telephone orders for the following items only as we have them available:

• 1 ounce Gold American Eagles
• 1 ounce Gold Canadian Maple Leafs
• 1 Ounce Gold Krugerrands
• 100 oz Silver Bars
• Misc Generic .999 Fine Silver
• 90% Coin Silver

During this time, we will have a minimum order of $5,000. We regret we have had to make this drastic change to our ordering process and rest assured, we are working expeditiously to correct the problem. As soon as we have our new site up and running, we will notify you via e-mail when you can again place orders online.

You may contact us during normal business hours Monday – Friday 7:30 am – 4:00 pm cst.

85 dollar oil in April...get ready for the open markets to do their thing. This is gonna be a great correction! Uncharted territory for everything....But the oil correction is imminent.

gold bubble evidence -- not an ad. They turned off their shopping cart and are only selling gold+silver over the phone.

Is that evidence of a bubble or simply evidence that people are looking for a safe place to put their money? Even using the bogus government CPI numbers, we are way below the inflation-adjusted price of gold in 1980. IMO, gold is valued fairly right now. It's certainly no bargain but it's not ridiculous either. You'll know there's a gold bubble when you hear people at Starbucks talking about how much money they're making on theirs, when you see ads for trading gold on margin on late-night TV, and when Time magazine has a cover story entitled -- "America's Love Affair With Gold!"

The big problem I see with gold is that the market is very easy for the big playaz to manipulate. There is even a special interest group dedicated to exposing the rigging of the gold market. Of course in the stock market we have the PPT rigging the game using OUR TAX DOLLARS. Gotta love this "free market" system.

concho-

My apmex posting is trying to make the argument that buying gold is going mainstream... I don't really know anything about the company in particular, but it looks like a "retail" outlet (to me). However they are listed on the first page of google for a variety of gold + silver keywords... so I am making a few assumptions

1) they really are experiencing an n-fold increase in business
2) they are focused on a retail level (small lots) to many buyers

I conclude the retail demand for gold is increasing because... everyone thinks that everyone else is getting in on it, so they should do, ergo bubble

I see your point alarmclock, this could be the beginning of a bubble. Many of us saw evidence of a housing bubble here in SD back in 2002-2003. Of course it ran for a couple of years after that and is only now beginning to deflate. If gold is getting bubbly I think we are closer to the beginning than the end. This is NOT FINANCIAL ADVICE of course!

IMO, gold and oil are declining because the general feeling is the Fed has put out the fires, at least in the short-term. Because of this, people are moving out of gold and oil and back into the stock market. Once this perception passes and people realize that the financial crisis is not past us, gold and oil will move back up.

Keep piling into gold when it's near an all-time high and shorting the market as it bounces off the bottom, piggs.

Its not nearly at an all time high, inflation adjusted it was close to $2000 before.

Oil on the other hand did surpass it's all time high, but there is supply side justification for that.

Gold is declining because it is overbought. It is overbought because people were afraid that the Fed would run printing presses at full power (figuratively speaking), devaluing the dollar. It wouldn't be anywhere near $1000 if not for "investors". Natural supply-demand equilibrium price (without the likes of GLD adding 200 tons of gold to their vaults every year) is most likely below $750.

75 bp cut and wording of the recent meeting press release change these expectations.

BTW did you see what's happening to agricultural commodities? DBA and RJA are down 15% in a week.

That ad is just marketing BS used to create false sense of demand. Simply brilliant. I bet they price 10% over par too.