Black Swans...

[onlooker]

SS:

It's not a disaster for everyone then:

The real money is in the use of dispersants.

There is a company called NALCO. They make water purification systems and chemical dispersants.

NALCO is based in Chicago with subsidiaries in Brazil, Russia, India, China and Indonesia.

NALCO is associated with UChicago Argonne program. UChicago Argonne received $164 million dollars in stimulus funds this past year. UChicago Argonne just added two new executives to their roster. One from NALCO. The other from the Ill. Dept of Education.

If you dig a little deeper you will find NALCO is also associated with Warren Buffett, Maurice Strong, Al Gore, Soros, Apollo, Blackstone, Goldman Sachs, Hathaway Berkshire.”

Why is it that after any crisis/disaster the name that comes up every time is "Goldman Sachs" ?

A while back, I discovered just how powerful, Masters of the Universe, Goldman Sachs was.  I fantasized that the easiest way to make money in the markets was to monitor their moves like a  relentless bloodhound – it would be like following a guarantee money trail (note that I use the word fantasize because I suspect that it is actually very difficult to follow deceptive and secretive Goldman Sachs).

So, then, after the crisis/disaster hits, I am right there behind Goldman Sachs, and piling in a fortune.

Problem is that then, I, like Goldman Sachs would be making money off other people’s misery.

Problem is that I will not be able to sleep soundly at night.

So, I am keeping my conscience clear by not following them at all.

[onlooker]

SS, Beginner:

Here’s some more bad news related to the air quality in the Gulf of Mexico.   The millions of gallons of Corexit, the oil dispersant sprayed over the Gulf of Mexico is toxic.

See: 

The Amount Of Neurotoxin Pesticide Corexit Sprayed By BP Tops 1 Million Gallons
Posted by Alexander Higgins - June 5, 2010 at 6:56 am - Permalink

http://blog.alexanderhiggins.com/2010/06/05/amount-neurotoxin-pesticide-corexit-sprayed-bp-tops-1-million-gallons/

[JDH]

Here's another viewpoint on the "Black Swan" that is the Gulf disaster, from Rick Ackerman:

http://www.rickackerman.com/2010/06/has-bp-tapped-the-fires-of-hell/#more-23174

Very depressing, but I can't say I disagree.

[Depleted]

I am not sure, but I always thought the word "containment" ment to "contain" something within a specified container, or in this case, area. One would like to think, that BP should be containing "everything" in site in the Gulf Area, and if it has to be, devastate the Gulf Area. This is a real tragedy, but the LAST THING I would want to see is them DISPERSE OIL EVERYWHERE ELSE, so it can contaminate another area also. While they are at it, maybe they should just Disperse it out past the Florida Keys, so It can churn in with the Warm Gulf Stream Flow which would push the Oil all the way up the eastern US Seaboard, and wipe out all the fishing and aquatic life along the way, before it crosses the North Atlantic, to devastate the waters off the eastern European Countries. There is technology out there that could put large vacuum hoses near that leaking pipe, and suck up all the oil and pump it into a temporary tanker. From there, they could have a convoy of smaller tanker ships "refueling" constantly with that oil they bring up. This would at least minimize the impact on the local waters, AND BUY BP SOME TIME to come up with, and execute a winning solution to stopping the flow of oil... Is it just me, or does it seem that there is a larger agenda/political agenda at work here? I heard a guy from Victoria BC on the radio say a company he is with has the technology to suck that oil/water from the leaking pipe and could do it 24/7. They would fill smaller tanker ships around the clock and could do it indefinitely....Interesting...They were trying to get into the first meeting with BP when the event occurred, but BP wouldn't answer their calls. So the technology is there. 
Go Figure.
Anyone watching the Uraniums? I am seeing some signs we may be getting closer to some action....I would keep your radar on them.
Cheers...D

[pinetree]

Sorry to take this off topic...

Depleted, am interested in what you're seeing in the uraniums as things looked pretty bleak when I checked them over the weekend.  Cameco closed at a 52-week low last week.

Here is one of Merv's index charts.



It could be due for a bounce, but I was thinking the bottom red line would be the next support level to watch for.

[Depleted]

Haha, I know, there are a lot of entertaining comments on the board, and it seems people like to chat about politics and everything else, and only generalize about the market. It would be nice to see what most are pinning their hopes on, maybe not individual stocks, but at least sectors of choice going forward, besides "Gold". 
Pinetree, no disrespect to Merv, but this time around, maybe not all of the Uraniums will be winners. Some more of the group will not fly when the time is right, so I would not put too much emphasis on a broad scoped index like Merv's but, that is just my own opinion. Cameco is to watch, they are absolutely buying all UEX stock from everyone, someday to announce a buyout, I suspect. Also when things look "wrong" they are actually the time to act. Look for signs of strength from the bottom up. Look at Mega Uranium. A loser at 0.31, Heavily taxed in Australia, wouldn't touch it, right? You or I may not, but....Sheldon Inwentash is at it again. Losers never prosper, and winners always do. If Sheldon thinks it is good, and the chart looks good, maybe it is? This one stock looks very promising. . Look at a 2.5 year chart of Mega and ask yourself where you would like to buy the stock? Remember, they have wealth in the ground. It really is a no brainer. Look at the bottom formations on many of them, they are starting to near their completion stages of accumulation....Also to, is NATGAS going to make a serious run here? or fissle again? There could be some NATGAS prospoects for the fall, I would do some homework in that area also. Good Luck and Good Trading... D

[pinetree]

Thanks, Depleted.

I like Mega too.  Pounds in the ground as they say, and last I checked plenty of cash and no debt.  I think balance sheet and management are the most important things with these juniors.  At this small stage a poorly run company can still go out of business even if their properties are solid.

I am also watching Uranium One.  As Bottomfeeder had said earlier this year - their goal is to be a bigger producer than Cameco by 2014.  Another one I'm watching is Virginia Energy Resources, and Energy Fuels.

My tentative plan was to look to accumulate some uraniums in the fall, depending on how things went this summer.  I see your point on Mega, though I'd prefer to see some sign of bottoming first.  It's one of the worst performing stocks in the sector - hasn't been able to hold it's 2008 lows.

I have also noticed the recent strength in UEX but hadn't looked into what was causing it.  I've been so focused on daytrading the futures...

[Beginner]

I hope the uraniums pick up although I'm not optimistic just yet and I also hope the gulf oil well finally gets sealed although I'm not optimistic about that either.  See video below:

http://www.brasschecktv.com/page/872.html

As geographical circumstances force me to be a long-term investor I am holding some cash because I just do not know what to buy for the long term. Maybe some gold stocks in the end.

[onlooker]

Why I am still focusing on the Gulf of Mexico crisis

I think that mainstream media is still downplaying or neglecting to report the gravity of the Gulf of Mexico crisis.  But, at Youtube and other threads, the true extent of the severity of the oil spew is being exposed.

See and click on video:  Surf On Pensacola Beach Florida Boiling Like Acid
http://redeemedhippiesplace.wordpress.com/2010/06/24/surf-on-pensacola-beach-boiling-like-acid/

And in comparison to 2008 and 2009, there is not much published news on a looming economic recession, depression, etc… about to occur.

Here is an interesting article linking what is happening to the Gulf of Mexico to the American economy.

See: 

BP: the quiet rage that may become the perfect storm
June 24, 2010

Disturbing new parallels to the Great Depression

The damage from this oil spill is epic and Americans know this. Americans have a disquieting sense than the situation is worse than they're being told, that it's worse than even BP and the politicians know. Most Americans don't know why they have a baaaaad feeling about it, but they do.
I know why.

There are deeply disturbing parallels between our time and the Great Depression. Sure, economists are reporting a rebound in the economy, but so did economists in the 1930s. In fact, what Congress is doing today and what American politicians did in the Great Depression are eerily similar.

As it turns out, the Great Depression wasn't one long slump. It was a series of deep recessions. Most economists agree that one of the main factors that pushed the deep recessions into a deep depression was that once the decline seemed to be improving (like it is today), Congress enacted a series of cost-cutting and deficit contracting policies that made it harder for Americans to get by.

At the time, these cost cuts seemed appropriate to keep expenses in check, but the lack of support pushed more Americans over the edge, and they took the economy with them.

Today, our Congress is behaving the same way, threatening to withhold extended unemployment benefits from millions of Americans in need.

A man-made natural disaster of biblical proportions

But it wasn't just two recessions back-to-back that caused the Great Depression. There was another factor, a man-made natural disaster of biblical proportions.

Sound familiar?

Back in the 1930s, Midwestern farmers didn't know how important it was to rotate their crops, so they farmed and farmed and farmed. One year, when the rains didn't come, all their top-soil simply blew away, taking the hopes and dreams of millions of Americans with it.

The Dust-bowl lasted six years (for some areas, as long as ten), and caused enormous disruption in the lives of Americans, their ability to make a living, and their health and well-being.

Are you seeing this? A deep recession followed by a slight upswing, followed by oppressive economic policies, punctuated by a man-made disaster that destroyed a major region of the country and the income-producing ability of those who live there.

http://ac360.blogs.cnn.com/2010/06/24/bp-the-quiet-rage-that-may-become-the-perfect-storm/

Are we currently in the calm before the prefect economic storm?

[Depleted]

Pinetree - UEX is being bought out by Cameco. It must have good value. Insider trading is still showing massive amounts of stock changing over. Those who hold UEX will have their shares exchanged for CCO shares in the near future. Hang on to them, they should  be worth your while. I did mention this buyout quite some time ago, but can't remember exactly when. Seems to me it was 6 months or so ago, I mentioned there was a lot of UEX stock going to Cameco, and now another round of big block buying. It does take time, and they will only buy when the share price reflects their "deal" price, so patience is key here, you should be rewarded down the road..cheers D
P.S Sorry for posting this in this thread, it seem the threads are getting blurry of late...

[MetalMeister]

http://www.youtube.com/watch?v=OVxcDgfTzuk

[MetalMeister]

Bad, bad, bad days ahead...

A excellent video on the creation of currency and debt.

Pretty much a vicious circle!

http://www.youtube.com/watch?v=uzef43gdupk&feature=player_embedded

http://www.youtube.com/watch?v=0Wrrzsrb-wg&NR=1

[sidewinder]

Wow, that's one powerful presentation.  Thanks YC.

By the way are any of your gold stash rusting?  I looked around Mikes channel and found this video also 


http://www.youtube.com/watch?v=JJlhOLF6DnY&feature=channel

[sunseeker]

Bad, bad, bad days ahead...

A excellent video on the creation of currency and debt.

Pretty much a vicious circle!

http://www.youtube.com/watch?v=uzef43gdupk&feature=player_embedded

http://www.youtube.com/watch?v=0Wrrzsrb-wg&NR=1

Hi YC
Great work.

Here's some more on the same lines:
“If you're bullish you're foolish”
http://www.youtube.com/watch?v=Kq_8kvZYyAQ&feature=player_embedded

From this site:
http://perfectstockalert.undergodincorporated.com
http://perfectstockalert.undergodincorporated.com/index.php/nightly-market-analysis

Didn't the “Lindsey Williams” clip which you posted predict a big slump in the price of oil?
Oil will be considerably lower by this years end he said then (in February).

ATB 

[sidewinder]

Thanks SS, nice site I will have to look around it a bit.    Always a way to make a buck eh.