Seeking Alpha

DeWayne Reeves

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  • Gold's Glitter Not Yet In Jeopardy [View article]
    It really depends on what kind of gold you're talking about it. If it's the real Gold you speak of, the stuff He's not making anymore, then we are dealing with a finite supply. In a world where Governments just print more money, and companies print more shares whenever they need liquidity, we lose touch with the concept of true "supply and demand" the most basic ingredient of what makes a market.

    A big problem today is that many people around the world hold monthly statements from ETF's like GLD and are firmly convinced that they actually own GOLD. If they only took the time to read the prospectus of GLD they would understand that what they own is a journal entry backed up by a statement. The same can be said for those who take delivery of a Futures Contract via a Warehouse Receipt. It's one great big shell game. A line from an iconic television commercial said "Where's the beef?" I say "Where's the Gold?"

    I take no issue with GLD or SLV as short term trading vehicles. My concern is for those who believe they have placed a portion of their long term portfolio in a safe haven investment. At some point the veil will be rent and the group consciousness will experience a great big aha moment. Unfortunately as people rush to liquidate their GLD they will be faced with the reality that there really isn't enough GOLD because He stopped making it and man kept printing it.
    Nov 26 01:21 PM | 3 Likes Like |Link to Comment
  • Weighing The Week Ahead: Expecting Too Much From Jackson Hole? [View article]
    Jeff,
    Nice piece. I quoted you on our blog tonight under Tuesday's post. http://bit.ly/OyUksf You seem to have stirred up quite a bit of controversy here. How about dropping in on our radio show Friday or Monday for 15 minutes? Share your thoughts and stir us up a bit. We're live from 12noon - 2pm Eastern.

    If you can make it shoot me an email, give me a call, or post it here.

    Bring a topic or we'll pick one out of the hat...

    DeWayne Reeves

    ps/ To all the Jeff fans, we take questions live on the show.........
    Aug 29 10:02 PM | 1 Like Like |Link to Comment
  • The Most Deceptive And Dangerous Financial Headline I Have Ever Seen [View article]
    Actually I write my own headlines. Perhaps you are receiving preferential treatment or know someone on staff. I would like to hear from other authors as to whether or not they pen their own headlines.

    Now you got me thinking and that hardly ever ends well....
    Apr 4 01:38 AM | 1 Like Like |Link to Comment
  • E-Mini S&P 500: Labor Shocker Favors Investors [View article]
    The fact that anyone takes heed of numbers that are almost always "adjusted" at some later point has always befuddled me. Then again, it doesn't take much...
    Feb 6 11:08 AM | 1 Like Like |Link to Comment
  • E-Mini S&P 500: Downbeat Day Complete [View article]
    Thank you for your encouragement. Peace be with you.

    D
    Jan 16 02:07 AM | 1 Like Like |Link to Comment
  • Can Gold ETFs Push To A New Record High In 2012? [View article]
    In answer to your question - "Can Gold ETF's rise in 2012?" the easy and obvious response is an emphatic yes. However, I believe that many investors are under the belief that owning shares of GLD means that part of their investment portfolio is actually in a tangible precious metal asset i.e, Gold. The truth is, nothing could be farther from the truth. Is that fact clearly disclosed in the prospectus? Yes it is. As I recall on page 70'ish.

    Do I think GLD and SLV are adequate short to mid term trading vehicles? Yes. In that respect they are as "real" as a Comex Gold or Silver Futures Contract. In fact they are almost as "real" as a warehouse receipt. The real truth in regards to any of the above is this - You only own the idea of owning Gold. You own a piece of paper. As long as an investor clearly understands the difference, and knowingly chooses to own an idea and not physical Gold or Silver, then he understands the risk he faces. If you do not clearly understand the risk, read the prospectus completely, consult with a licensed investment professional, and talk to investors at MF Global who were quite certain they owned physical Gold. They even had the paper to prove it.

    Imagine what the price of Gold and Silver would be today if all the money spent buying an idea had actually been spent buying real Gold and real Silver. Things that make you go hmmmm...
    Dec 28 12:56 AM | 1 Like Like |Link to Comment
  • Hawkish Dove [View article]
    Purple Rain - Hate it when the doves cry.

    Great take on a reality that we all need to face up to rather quickly. If anyone by chance, still has a HELOC with a favorable rate tied to Prime, get it locked into something else before it's too late.

    Many of you may not be old enough to remember 18% interest on home mortgages. That'll make your dove cry.

    Again, great commentary.

    DR
    Apr 4 04:09 AM | Likes Like |Link to Comment
  • God Chasers And Emini Traders [View instapost]
    That's the beauty of the American Dream. I can build my version of it in the way that brings me peace and allows me to sleep like a baby. You and everyone else have the exact same opportunity.

    America - I love this place.
    Oct 17 01:45 PM | Likes Like |Link to Comment
  • E-Mini S&P: Eager For QE3? [View article]
    And here it is.................
    Sep 13 08:59 PM | Likes Like |Link to Comment
  • E-Mini S&P 500: Dead Ahead Of The Fed [View article]
    I heard. I'm always the last to hear. I pay big money for that.

    D
    Aug 30 01:40 AM | Likes Like |Link to Comment
  • E-Mini S&P 500: Quiet Before The Storm [View article]
    3C,
    Thanks for the heads up. I'll try to figure out what went wrong. I'm thinking Solar Flare..........

    D
    Mar 8 09:44 PM | Likes Like |Link to Comment
  • E-Mini S&P 500: Funds Flowing From Futures To Options [View article]
    We will most likely discuss it on the radio show.
    Mar 5 10:24 PM | Likes Like |Link to Comment
  • E-Mini S&P 500: Limping Across The Finish Line? [View article]
    Read the article written today by The Economist as to why the Euro Crisis is far worse than Dr. Ben would have us believe.
    Mar 1 10:47 PM | Likes Like |Link to Comment
  • E-Mini S&P 500: Double Top, Pop Or Drop? [View article]
    Chris nailed it. Not much I can add to that.

    Regards
    D
    Feb 28 09:34 PM | Likes Like |Link to Comment
  • E-Mini S&P 500: At The Crossroads - Implode Or Explode? [View article]
    Our highest Weekly Trading Zone for the week was 1339/1340. http://bit.ly/ybWd00

    You are correct 3C, once the majority gets long the market will get short. And once those longs get stopped out, the rally will resume. I'm a technical trader but it is difficult to overlook the history of markets in election years.

    As for myself, I am suffering from electile dysfunction as no one in my party can get me aroused.

    Have a great weekend!
    D
    Feb 3 09:46 PM | Likes Like |Link to Comment
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