Showing posts with label conspiracy theorists. Show all posts
Showing posts with label conspiracy theorists. Show all posts

Thursday, November 4, 2010

QE2 is like open-air PPT

http://www.zerohedge.com/article/art-cashin-ftw-qe2-beginning-look-open-air-multi-month-version-ppt
Since 1987, conspiracy theorists have maintained that the government operates a secret “plunge protection team” (PPT). Like most conspiracy theories, the PPT is hogwash and not much different from the guy who screams “the race was fixed” when his horse lost. I have listed the many reasons why the PPT is all smoke and mirrors over the years. So to save space, I won’t repeat.

That having been said, QE2 is beginning to look like an open-air multi-month version of the PPT. It looks like one of the primary assets the Fed wants to inflate is the stock market. That might produce a wealth effect as 401Ks heal and higher highs make the economy appear to be moving even as it plods along.

Art is a smart guy, but not all conspiracy theories are hogwash. See silver manipulation indictments against JPMorgan and HSBC. See silver prices explode upward now that the light is shone on the bullion banks.

Tuesday, October 13, 2009

Gold bugs


Whether gold bugs are government and central bank conspiracy theorists--or monetary realists, is debateable, but their bullish stance on the precious metal has paid off handsomely since the millenium. The following article postulates why the price of gold may continue to rise going forward.

http://www.ft.com/cms/s/0/f149a1a8-b4fe-11de-8b17-00144feab49a.html