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  • Record Physical Demand Will Begin New Gold Investment Cycle [View article]
    $GLD is around fair value now I propose. It will probably rise over the course of the next year or two..... but then so will equities which are better able to provide a yield, so the issue is less about gold's absolute value and more about its relative appreciation potential versus equities.
    May 3, 2013. 08:42 AM | Likes Like |Link to Comment
  • The Eurozone Double Dip Is Almost Here [View article]
    Another quality article. Nice work. The ECB are incompetent. A single currency doesn't work across such diverse countries. I have been saying it for years....
    Sep 9, 2011. 05:28 AM | 1 Like Like |Link to Comment
  • Precious Metals, Miners and Commodities Are the Sectors to Be in [View article]
    So there is no possibility whatsoever that silver SLV will retreat in the short-term? I think you will find there are no one-way bets in specualting and in the short term, including this week, you may well see a dip in the prices of Gold GLD and silver.
    Jul 17, 2011. 11:07 AM | Likes Like |Link to Comment
  • Gold May Be Worth More Than You Think [View article]
    Gold has rallied 9-10 days in a row. That hasn't happened for 40 years. Its long term fundamentals might be strong, but gold, and silver, are vulnerable to a decline this week especially if markets sniff a resolution to the US debt celing issue or an easing of concern in relation to the Euro debt situation. I am reading a lot about Gold at $5,000 etc. Such predictions may prove to be as worthless as the "Dow 40,000" predications we were burdened with pre the tech bubble.
    Jul 17, 2011. 09:42 AM | Likes Like |Link to Comment
  • Congress seeks debt solution, Obama goes to public [View article]
    Great discussion, thanks for the replies guys.
    Jul 17, 2011. 09:34 AM | Likes Like |Link to Comment
  • Congress seeks debt solution, Obama goes to public [View article]
    Errr, wasn't it the Republicans that got the US into this mess?
    Jul 17, 2011. 05:52 AM | 1 Like Like |Link to Comment
  • Congress seeks debt solution, Obama goes to public [View article]
    You mean one dollar, one vote, not democracy? Great for drug dealers, investment bankers who profited from the suffering of others and those who inherited wealth. Not so good for the working class man who is trying to build a life for himself. You are suggesting a system, no doubt self-serving, in which the rich get richer and the poor stay poor. I cannot agree with you ethically or from an economic point of view.
    Jul 17, 2011. 05:51 AM | 2 Likes Like |Link to Comment
  • Reevaluating Volatile Silver [View article]
    Whilst I can't dispute your local knowledge it does strike me as you are currently long precious metals, emotionally attached to your investment and are only looking for reasons for a further rally. There are downside risks in the short term to both gold and silver, especially the latter.
    Jul 17, 2011. 05:45 AM | Likes Like |Link to Comment
  • Reevaluating Volatile Silver [View article]
    You can't rationally compare the price of silver now to the high it reached during the Hunt brothers bubble. I agree with the article writer. Silver is due a retracement this week though I don't doubt it will rally again in the medium to long term to new all time highs.
    Jul 17, 2011. 05:40 AM | Likes Like |Link to Comment
  • Trading Week Outlook: July 18 - 22, 2011 [View article]
    Really useful summary, thank you. Let's hope the US debt ceiling is raised then we can long equities for the summer. Or is that view too simplistic?
    Jul 17, 2011. 05:37 AM | Likes Like |Link to Comment
  • With gold (now at $1,583) looking to many like the only safe place in asset hide-and-seek, it's pushed into new nominal highs - and contrarians aren't surprised, Mark Hulbert notes, counting an average recommended market exposure of just 34% (two-thirds of gold portfolio in cash). But despite the wall of worry, could Europe woes (and a fired-up ECB printing press) make the metal go "parabolic"?  [View news story]
    Gold to $10,000 in a few years. That's the message people selling gold are saying. Enough said.
    Jul 16, 2011. 08:10 AM | Likes Like |Link to Comment
  • Dennis Gartman issues a cautionary warning to commodities investors, noting that the rate at which gold (GLD +0.4%) and silver (SLV +1.4%) are rising “borders upon the absurd.” His firm has “quietly” cut its gold position in half, he says, because "panic is in the air, and panic almost always ends in tears."  [View news story]
    You mean you are long gold and are upset someone is questioning your judgement?
    Jul 16, 2011. 08:03 AM | Likes Like |Link to Comment
  • Gold rises as debt troubles continue in Europe, US [View article]
    Risky assets that rise 9 days in a row are due for a fall at least in the short term are they not? The obsession with gold reminds me of the equally irrational obessesion with tech stocks 12 years ago. I don't doubt gold will be worth more in 20 years than it is now but the past 10 years has seen a bubble emerge that needs to be popped. if we are on the verge of a debt induced economic Armageddon than I will be wrong. But in the absence of the end of the world a lot of precious metal investors are going to be scratching their heads when gold loses 20% in a week like silver did recently. Comments appreciated.
    Jul 16, 2011. 07:57 AM | 1 Like Like |Link to Comment
  • Prepare for a Rout in the Dollar [View article]
    Maybe the Dollar does have weak fundamentals. But so has Sterling and the Euro. It's one way bet to devaluation is not as clear cut as you may relative other Western currencies though I accept it is vulnerable against the Aussie and other commodity supported currencies.
    Mar 27, 2011. 07:19 AM | Likes Like |Link to Comment
  • Bahrain – Chugging along not-so-quietly  [View instapost]
    What a difference a year makes.

    However, despite the past few week's turmoil, it is settling down here in Bahrain. I live here and commute to Saudi most days. I think a number of firms that planned to open an office in Bahrain may opt for Dubai instead but Bahrain's long term business environment still looks promising. There is a lot of Saudi money here and that flow won't change.
    Mar 27, 2011. 07:12 AM | Likes Like |Link to Comment