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Mike Williams

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  • Gold Takes Out Major Support: Next Stop $1,350 [View article]
    Been short since ~$1,710. Thanks.
    Apr 3 10:28 PM | 5 Likes Like |Link to Comment
  • Gold Takes Out Major Support: Next Stop $1,350 [View article]
    You short it to make money.
    Apr 3 07:05 PM | 2 Likes Like |Link to Comment
  • Gold Takes Out Major Support: Next Stop $1,350 [View article]
    Yikes. So I think one of the biggest tells is the rudeness and general lack of articulate arguments from the bull camp. For sure, some major investors have made reasonable, modest arguments, but comments like this are the norm.

    Price action around levels of long term support reflect further downside based on the additional dynamics I've discussed. Thanks.
    Apr 3 07:04 PM | 6 Likes Like |Link to Comment
  • Gold Takes Out Major Support: Next Stop $1,350 [View article]
    Inflation was absolutely not zero when the dollar was backed by gold. You're begging the question - you're using the premise that gold is money to say that since gold prices didn't go up, there was no inflation.
    Apr 3 06:59 PM | 7 Likes Like |Link to Comment
  • Gold Takes Out Major Support: Next Stop $1,350 [View article]
    There is no global currency war. This is the exact kind of fear based analysis that I'm talking about. Ok, so the BOJ has talked the yen down - are any other nations freaking out?
    Apr 3 06:52 PM | 7 Likes Like |Link to Comment
  • Gold: That's All She Wrote [View article]
    Appreciate it guys.
    Feb 21 12:14 AM | 2 Likes Like |Link to Comment
  • Gold: That's All She Wrote [View article]
    M2V picking up is likely a concern of the Fed right now, but it can be quelled with major tools like raising the RR.
    Feb 20 11:24 PM | 2 Likes Like |Link to Comment
  • Gold: That's All She Wrote [View article]
    "Only a fool..."

    Bold statement. There are a lot of intelligent people who aren't backing up the truck.

    Gold may maintain its value, but it has vastly underperformed American business over the past century.
    Feb 20 11:23 PM | 3 Likes Like |Link to Comment
  • Gold: That's All She Wrote [View article]
    What's your basis for your statement that global trade is dying?
    Feb 20 11:21 PM | 3 Likes Like |Link to Comment
  • Why Income Investing Will Be Difficult In 2013 (Part 2): 2 Safe Income Generators To Buy [View article]
    You're mistaken. Ford's "debt" is covered by liquid securities also held by its credit operation.
    Feb 9 03:07 PM | Likes Like |Link to Comment
  • Why Income Investing Will Be Difficult In 2013 (Part 2): 2 Safe Income Generators To Buy [View article]
    Almost all of that is financial debt. That's like saying Goldman Sachs has half a trillion debt so they're not a buy.
    Feb 8 05:15 PM | Likes Like |Link to Comment
  • AGCO Corp. Significantly Undervalued At 9.5X Earnings With Major Growth Prospects [View article]
    Nice comment.

    I haven't been able to find hard, updated market share figures, so I've looked at AGCO, Deere, and CNH revenues over the past few years to see whose growing quicker, and therefore taking more of the market. It seems like they've all kept similar amounts of the market, and that Deere has been the low-cost producer thus far. My thesis is that AGCO will be able to cut costs enough to give DE a run for its money, in the process transforming the bottom line.

    The market seems unimpressed by its growth prospects, probably because revenues aren't likely to be growing in the double digits. With about $100 in rev/share though, even minimal margin expansion has huge knock-on effects.
    Feb 7 11:31 PM | Likes Like |Link to Comment
  • AGCO Corp. Significantly Undervalued At 9.5X Earnings With Major Growth Prospects [View article]
    Alan, I have not. I'll take a look, thanks for bringing it to my attention.
    Feb 7 11:26 PM | Likes Like |Link to Comment
  • Why Income Investing Will Be Tough In 2013 (Part 1): Stay Away From Fixed Income [View article]
    I'll be honest, I have very limited experience with REITs. As far as I understand, REITs continue to be attractive for those seeking enormous yields, but if/when the prospects for the underlying business change, the exit won't be pretty; it never is with retail income investors.

    I'm not familiar with any specific BDCs but I'm sure some offer some solid income and equity potential, just make sure you do some heavy analysis on the loan portfolios.
    Jan 16 06:39 PM | Likes Like |Link to Comment
  • Why Income Investing Will Be Tough In 2013 (Part 1): Stay Away From Fixed Income [View article]
    So what I mean is that the P/E you are seeing are temporarily effected by one-time charges from the 4th quarter of 2011. When both of these companies report their 4Q 2012 earnings the P/E that you see on something like google finance will show a figure between 12-15.
    Jan 16 06:03 PM | 1 Like Like |Link to Comment
COMMENTS STATS
368 Comments
386 Likes