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  • When The Major Equity Market Bubble Crashes, Michael Berry Will Take Refuge In Gold Stocks [View article]
    If there were a collapse in the equity market then gold stocks are the last place a reasonable investor wants to be. Gold stock got hammered in March 2008 to October 2008 by -67%.

    Additionally, those who wish to remember the 1970's would serve themselves well to remember that gold fell -50% while gold stocks fell more than -66% from 1974 to 1976. The worst may be behind us but ignoring relevant data might lead to inappropriate conclusions.
    Apr 15 09:04 PM | 2 Likes Like |Link to Comment
  • Bitcoin Downside Targets [View instapost]
    Bitcoin achieved our subsequent downside targets found at our website.
    Feb 20 10:34 PM | Likes Like |Link to Comment
  • Will China Back The Yuan With Gold? [View article]
    "..Chinese citizens, who have a proclivity for saving..."

    I remember well this same argument being given as a justification for the Japanese apparent wealth in the 1980's.
    Jan 10 07:22 PM | Likes Like |Link to Comment
  • Molycorp: Overpriced on Rare Earth Excitement [View article]
    Jan 9 04:58 PM | Likes Like |Link to Comment
  • Jeremy Siegel: Correct About 2013, Sees Dow At 18,000 In 2014 [View article]
    It would be interesting to show an index that has a longer history than the Dow with no changes since inception. The S&P 500 has more companies introduced than the Dow in the last 10 years. Market cap weighted or price weighted, the Dow is more of an "index" than the S&P 500.
    Jan 5 06:34 PM | 1 Like Like |Link to Comment
  • Beaten Up Barrick A Good Bet For The Long Haul [View article]

    Not a "gold bug" by any means but ABX was dead money if held in the last two years. Bankruptcy would be the only way the company is dead money going forward. Doing you think ABX is likely to file BK in the next 3 years?
    Jan 5 03:36 PM | 2 Likes Like |Link to Comment
  • EA's Recent Stock Price Correction A Buying Opportunity [View article]
    Also a possible candidate for the Nasdaq 100 index if SIRI is acquired.
    Jan 5 02:28 PM | Likes Like |Link to Comment
  • Liberty Media proposes to assume full ownership of Sirius XM [View news story]
    With SIRI possibly getting acquired, who is next for being added to Nasdaq 100? If the deal does go through then these are the top picks:

    Jan 4 12:21 PM | Likes Like |Link to Comment
  • Precious metals off to big start in 2014 [View news story]
    merely short covering until proven otherwise.
    Jan 2 06:13 PM | Likes Like |Link to Comment
  • Apple: The $200 Billion Question [View article]
    Based on the current priced, $616 for AAPL seems assured as the next upside target. The following are the downside targets:

    Dec 31 05:08 PM | Likes Like |Link to Comment
  • Apple Has Little Left To Lose [View article]
    $616 for AAPL seems assured as the next upside target. The following are the downside targets:

    Dec 31 05:01 PM | Likes Like |Link to Comment
  • Dodd-Frank (With Volcker Rule) Being Implemented: Are We Safe From Another Bank Meltdown? [View article]
    "Are We Safe From Another Bank Meltdown?"

    Nope. A normal functioning system requires periodic bank meltdowns. Creative destruction at its best and worst.
    Dec 30 03:44 PM | 2 Likes Like |Link to Comment
  • Add Insurance Companies to Your Portfolio [View article]
    This was a great call overall as represented by the +54% increase in price since the article was published.

    However, EIG fell -46.73% from March 4, 2011 to August 25, 2011 providing significantly greater opportunities to buy the stock in that time. Had the stock been bought at the prior 52-week low (August 24, 2010 at $14.16) the gain would have been +111%.

    If, on the unlikely chance, the stock could have been bought at the August 25, 2011 the gain would have been well over +200%. A re-read of the bullet pointed items above would be the best way to eliminate some false signals at the time the article was published.

    Again, the fact remains that the stock price has out performed many of the prime competitors in this space.

    Regards and thanks for revisiting this topic LTF.
    Dec 29 01:47 PM | Likes Like |Link to Comment
  • The Strategic Case For Gold As An Investment [View article]
    "But it has no productive value."

    The opposite could be said of silver. However, it has managed to decline more vigorously than the price of gold from the respective 2011 peak.

    The challenges of gold and silver in the last two years have less to do with "productive value" and more to do with the needed cyclical decline within a secular bull market.

    "Couldn't central banks or the IMF unload gold if the price got too high and capitalize on the situation?"

    Selling substantial quantities of gold at the high is not in the DNA of central banks.

    In addition, central banks hold gold to legitimize their paper. Gold is the pawn to keep the public at bay in the paper money ruse. No country has gone without initially issuing paper money without the convertibility into gold. In every instance, each country knew that the ultimate goal was to do away with the ability to convert. Unfortunately, the public not being versed in history has fallen for this ruse every single time.

    Also, when a country has amassed a substantial amount of gold it uses this as a means to justify the printing of more paper money. For this reason, central bank want the price of gold to rise rather then see it fall.
    Dec 26 07:00 PM | 2 Likes Like |Link to Comment
  • Gold Resource Corporation's Aguila Mill Expansion Complete [View article]

    Looks like GORO sees the value of the dividend being cut in half. On December 26, 2013, it was announced that the dividend was cut as much as -66% (found here:

    What has happened so far is typical for the gold sector, dividend cuts at or near the bottom of the cycle. All that needed to happen now is the price of gold to sustainably rise.

    The only problem is that when the cycle is up, gold companies forget the pain of the last decline and start to ramp up acquisitions with dilution of shares and outsized dividends.

    The dividend cut should be the source of future acquisitions in the next market decline in the gold sector. Problem is, if the cycle is 13 years then it may be too long for some companies to wait or remember the pain of the current period.

    GORO is making the right moves. Let's hope the lesson of the current decline aren't forgotten on the way up and down.
    Dec 26 11:55 AM | 1 Like Like |Link to Comment