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Kevin McElroy  

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  • Forget Technicals for Precious Metals [View article]
    Clearly, it's not an obvious conclusion. There are plenty of people (like yourself) who think it's all gonna be alright and that paper money will rally against precious metals. There are lots more people hoping and betting the same.

    If you look at treasury purchases and you DON'T come to the conclusion that treasury prices are in a bubble - then I don't know what to tell you.
    Jul 13, 2010. 11:18 AM | 1 Like Like |Link to Comment
  • Forget Technicals for Precious Metals [View article]
    Well, I think we're almost on the same page. I'll frequently look at some volume, DMA, RSI and even some chart patterns for my shorter term investments. If I only plan on holding for a month, technicals are super important.

    But as my article said, I'm not about to let some chartist tell me to bail on silver. I'll continue buying the dips as they come, not sell ahead of them just because the world's ugliest chart is saying to do so.
    Jul 13, 2010. 08:37 AM | 3 Likes Like |Link to Comment
  • Your Last Chance to Buy Cheap Oil Stocks This Summer [View article]
    How does my position (or lack thereof) have any bearing on my analysis? I welcome and relish criticism of my analysis, but it gets tiresome to fend off critique when I do or don't invest in my own recommendations.

    Because there's a criticism either way.

    1) If you don't eat your own cooking, you're a charlatan who publishes advice that you won't follow in your own portfolio.

    2) If you do eat your own cooking, you're a frontrunner.

    So which is better?
    Jul 12, 2010. 06:21 PM | 1 Like Like |Link to Comment
  • Lead: A Patriotic Investment Option [View article]
    I've got a single action Sturm and Ruger (NYSE: RGR) .357 magnum which can be expensive to feed. I usually end up buying a box of odds and ends from my local gun shop, but it's primarily cheap, unjacketed ammo which tends to dirty the barrel much faster.

    I can always shoot .38 spcl but that's not much cheaper than the .357.
    Jul 6, 2010. 08:49 AM | 1 Like Like |Link to Comment
  • On Gold Stocks During a Double-Dip Recession [View article]
    Well, I'm working from the broadly held (and just as often disputed) notion that that the S&P 500 is a leading indicator for GDP. It's imperfect because it's not always an accurate way of predicting GDP. I'm not necessarily an advocate of EMH, but that wasn't the point of this article anyway.

    My point was that IF we're entering a double-dip recession, we should see some great opportunities to buy gold stocks on the cheap. My thesis for buying gold stocks is that they tend to outperform the bear market.

    As Mr. Campbell points out, a really bad recession could knock some miners out of the box as well, but that's why I like GDX.

    I fully recognize that making predictions at all about anything is something of a fool's errand - but again, this article is about opportunities that could arise in gold stocks should we be in the midst of a double-dip.

    And for the record, the fact that we may or may not be double-dipping is almost a non-issue for my overall investment thesis. We're clearly in a secular bear market in stocks.
    Jul 6, 2010. 08:27 AM | 1 Like Like |Link to Comment