..."The seriousness of this issue is rooted in the scale of the numbers. If Bank of America is short 800 million oz of silver, as the data in the OCC report strongly suggests, then that means every dollar higher in the price of silver translated into an $800 million open (unrealized) loss. Every $10 move equates to an $8 billion loss. A hundred dollar move higher from here equates to an $80 billion loss. Can BofA fund such losses or will taxpayers be called upon to bail the bank out? Even the slightest hint of such a development should be enough to require immediate clarification from the regulators and BofA and there’s a lot more than the slightest hint in the OCC report."...

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..."The game taught me the game. And it didn’t spare the rod while teaching."...

Jesse Livermore


The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.

Basketball Legend Michael Jordan.


.."We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission"..


Ayn Rand

.."If past history was all there was to the game, the richest people would be librarians"..

Warren Buffett


.."Just because you’re taught that something’s right and everyone believes it’s right, it don’t make it right."..


Mark Twain