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Old 03-20-2017, 04:54 PM   #771
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Guns and butter. That is all. Learn it, believe it, profit.
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Old 03-20-2017, 05:12 PM   #772
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Quote:
Originally Posted by Rev06 View Post
Martin Armstrong.

snip
I would be very wary of trusting anyone who has spent 11 years and 7 months of his life in federal prison

for those unaware, this fellow was running a pyramid scheme that used new investors' money to conceal losses on current investors' positions. the bank he had partnered with was producing falsified statements to keep clients from realizing that they had lost money. $600+ million was ultimately returned to investors

watch your back when dealing with felons...
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Old 03-20-2017, 05:37 PM   #773
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Well the story of that case was actually quite complicated. A lot of political ass covering as a well connected bank (Republic National) was the actual entity that made a disastrous series of trades and or absconded w th money. Also conveniently, the Chair of Republic was killed in a mysterious fire in his apartment just after the missing money was discovered.

Also, The time he served was NOT for any underlying fraud, it was for contempt of court because he would not agree to a plea deal and the court thought he was holding out on hidden assets. To this day it is the longest federal sentence ever served in the U.S. for contempt of court.

But yeah, I hear you RS believe me. I actually followed the case closely at the time, because it was in my field of expertise.

It's important to note that this guy is not currently managing any assets. He used to manage $3 Trillion and was called upon by many major GOVERNMENTS in the world for currency and commodities advice. He also correctly called the 1998 Russian financial crisis and I think the Asian financial crisis.


Today, he sells reports on various markets primarily to institutional investors and holds a couple of seminars a year at $5K a pop I think and they always are oversubscribed. Too rich for my blood.

Fortunately, he dribbles out free tid bits each day in emails and this is what I have scooped up.

At the end of the day, assuming he were a convicted fraudster, if his market calls are right and making you money or saving your assets from destruction, do you really care?

I suppose his advice is worth what I pay for it.
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Old 03-20-2017, 09:20 PM   #774
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The martin armstrong guy is interesting, not sure i would ever pay for a set of stock tips, because if they are correct enough they should just use options and maximize their profit without anyone else following.

But i guess cnbc and bloomberg do the same shit they just sell adds vs selling a subscription.

I saw he doesnt believe in man made climate change based on wikipedia. Can you sum that up in a sentence or two? Is it along the lines of the researchers proving it have their funding grants tied to showing evidence of climate change thus the incentive to cherry pick?
I would assume a guy like that has quantitative reasons behind most of his opinions.

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I bought more AMGN on the open.

Price down substantially on their REPATHA study.

Market didn't care for the results, thinking benefit wasn't substantial enough to get insurance companies to pay for this VERY expensive drug.

MO is that the results are good. Excellent, even, and with improved benefits over time.

That's just MO, however.

Also of note, much insider acquisition in the past month.


Just letting you guys know I bought more.

You have to watch the price action if you're interested. Very volatile this AM.
One trade I wished i could undo was dumping Amgen in to buy JUno and Halo which hasnt done much (i was looking for higher upside).

Though Jazz Pharm has been treating me well and I am glad I doubled down in 2014 getting rid of Bristol Meyers for it.

I feel like buying amgen at any price will have me up in 2-4 years, but I am hoping for a better entry point. And I still think goldman will be my next buy on a pullback. I am pretty glad how the i-banks didnt run up after confirming the double rate hike (I think people didnt like how they didnt change it to 3).
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Old 03-20-2017, 09:29 PM   #775
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AMGN might go down some more. I'd say it has a 50% chance of dipping below $158.

I'll buy more if it goes down more.

It's a pretty solid stock IMO....

....but I've been wrong before.

Well, not often really, but I tend to buy early and sell early.
I've given up on some I was convinced were ready to soar only to find out I got out too early, losing patience on stocks that had some sweet gains.
Those were really my biggest mistakes and I still do it sometimes.


You guys should watch CELG for a good entry point also.
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Old 03-20-2017, 11:11 PM   #776
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On climate change he has tracked solar cycles as they relate to many commodities prices and even plague and war cycles because of crops failing.

Anyway apparently we are entering into a "Maunder Minimum" which is a solar cooling event essentially. His economic cycles work was predicting it and he became interested and sure enough ice core samples and other data demonstrated a natural non man-made warm cool pattern.

Scientists who have a stake in the climate change racket tried to suppress this and other data but it slowly leaked out which resulted in 1) changing it from global warming to climate change and 2) a new theory that global warming had "paused".

Since Trump has come in more real data is being released. I saw something a while back about NASA stating that there is no evidence of global warming.

Basically it is a big scheme to raise taxes which ties back in to the gov over taxation and corruption cycles.

Same goes for crackdown on use of cash in EU and in India and even here w civil asset forfeiture. It is about tracking down every last dime for taxation.
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Old 03-21-2017, 02:24 PM   #777
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Quote:
Originally Posted by drjarhead View Post
AMGN might go down some more. I'd say it has a 50% chance of dipping below $158.

I'll buy more if it goes down more.

It's a pretty solid stock IMO....

....but I've been wrong before.

Well, not often really, but I tend to buy early and sell early.
I've given up on some I was convinced were ready to soar only to find out I got out too early, losing patience on stocks that had some sweet gains.
Those were really my biggest mistakes and I still do it sometimes.


You guys should watch CELG for a good entry point also.
I was lucky enough to buy celgene in 2012 because I worked at a building where celgene had a floor or two and the people always seemed happy.

I then checked their glassdoor reviews and people seemed happy with the company which lead me to pull the trigger.

one other reason I want to buy goldman is because even though they work brutal hours people still enjoy the company and the mission according to glassdoor reviews so I think they may have the work ethic and the loyalty to keep out performing their peers.

I bought jpm and citi first because the value seemed to be too good compared to goldman.

Quote:
Originally Posted by Rev06 View Post
On climate change he has tracked solar cycles as they relate to many commodities prices and even plague and war cycles because of crops failing.

Anyway apparently we are entering into a "Maunder Minimum" which is a solar cooling event essentially. His economic cycles work was predicting it and he became interested and sure enough ice core samples and other data demonstrated a natural non man-made warm cool pattern.

Scientists who have a stake in the climate change racket tried to suppress this and other data but it slowly leaked out which resulted in 1) changing it from global warming to climate change and 2) a new theory that global warming had "paused".

Since Trump has come in more real data is being released. I saw something a while back about NASA stating that there is no evidence of global warming.

Basically it is a big scheme to raise taxes which ties back in to the gov over taxation and corruption cycles.

Same goes for crackdown on use of cash in EU and in India and even here w civil asset forfeiture. It is about tracking down every last dime for taxation.
very interesting stuff. By any chance does this guy have any movies about him? I feel like they would be a good watch.

I agree on the last point and am starting to like it.
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Old 03-21-2017, 02:43 PM   #778
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Quote:
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Same goes for crackdown on use of cash in EU and in India and even here w civil asset forfeiture. It is about tracking down every last dime for theft by parasites who refuse to work and contribute to the GDP.
Fixed it for you.
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