Eric Parnell Positions For 2013: Gold's An Essential Diversifier In Any Portfolio [View article]
Hi KRV, if you don't like premiums you may have a look at swiss precious metal funds by ZKB. Article here: http://seekingalpha.co... However some hurdles for US residents.
In Defense Of Herbalife: Arguments Against Ackman's Short Thesis [View article]
You missed the point in Ackman's 300+ slides. There are 2 dangerous subjects for HLF and it's not about "to whom the products are sold": 1°) the accounting methodology that is used to discriminate the distributors income in recruiting and their incomes of direct selling. 2°) the efficiency of HLF in enforcing their own rules. If HLF brings convincing answers, the regulation authorities have no reason to open a new case, and the rest of the accusations will fall apart. If not, it may become complicated for HLF, at least in the US.
In Defense Of Herbalife: Arguments Against Ackman's Short Thesis [View article]
Ackman is building his own Ponzi scheme, with a marketing website selling his idea to the public. He has to convince enough speculators to unload his shorts before the corner. 97% of the shares are in strong hands. The huge volumes are opportunist day trading and HFT. Ackman is shorting about a quarter of the float, 8 times the really available "weak-hands" float. What do you think will happen? The last to stay short will be scammed. This is the ponzi scheme in the story. This more his covered short play and his presentation, that's very, very clever. But that's robbery. Disclosure: no position in HLF but considering buying my ticket for the short squeeze.
Whatever the business model, 21% of float short is obscene for a company making 2 figers profit margins for years with no factual bad news. Take your ticket for the short squeeze as soon as the dust settles.
Why Gold And Silver Prices Are Declining Along With The Dollar [View article]
NLO you wrote "Attributing such activity to manipulation is pretty weak." Refuting it without explaining the COT report and the Huge short positions of bullion banks is even weaker. Just have a look at 1 to 5 min. charts on the "big down" days for 2 years, HFT patterns are so obvious. Drawing the chart on a short scale to validate bearish technicals on a longer scale when needed is the easiest way to manipulate a market for whom can afford it. I agree on this: loosing 10% in a bull market is business as usual.
Depending on the country, place of residence, or nomad lifestyle, it may be risky to keep precious metal at home or at a local bank. I like also CEF (and GTU for gold) but I prefer the ZKB funds: backed with metal stored in a Swiss cantonal bank, with 100% guarantee of the cantonal state of Zürich. Maybe difficult to buy for US individual investors but when there's a will, there's a solution. Details and Tickers on the Swiss Exchange are in this article: http://bit.ly/UErG9p Sprott funds are OK, but the "brand" is expensive (high premium over NAV). CEF's premium is more acceptable. With ZKB you pay only the metal.
The Gold Price Tumbles But Don't Worry [View article]
Gold is not an investment. It is an insurance. You buy a percentage of your net asset value in dips, and you keep it (the "Permanent Portfolio" theory says 25%, imho 10 to 30% according to your profile). Do you sell an insurance ?
The Gold Price Tumbles But Don't Worry [View article]
"you never know what's behind a move like this" Yes we know what's behind with a high probability. Stop hunting using HFT in low liquidity hours is a juicy business model. The golden pump works well for years, and the silver pump much better. And we also have an idea about who is behind. Just check the short side in the COT report.
Good article George. I didn't like dividends before trying to simulate dividend-based quantitative strategies "just for fun" (the generic idea: http://bit.ly/10LbRT2 )... just for fun at the beginning but the fact is that there are very good dividend-based strategies. I'm now convinced that the best way to make profits on dividends is not the dividend itself, but the bias created by its perception on the market.
Santa Claus Rally: A Quick Glance At Gains For 13 Years [View article]
MWinMD thanks for your comment.This is not an academic publication. If I wanted to play it scientifically, I would have wondered if the gaussian hypotheses were valid, likely concluded that average and standard deviation make no sense, then considered some game theory hypotheses, calculated the Kelly criterion and corrected it using a limit probability for a 95% confidence interval. Does it sound better ? This is how I work with all my strategies before putting money: http://bit.ly/Tn1CAO
Cemex Crumbles And Latin American Starts To Look Weak [View article]
Interesting article. But about PCY and HYG you forget to tell that PCY recovered much faster and has had a much healthier price action than HYG since then... In fact HYG is close to its august 2008 price in nov 2012. PCY is about +25% in the same period.
Seeking Alpha Trading Survivor Contest [View instapost]
Eric Parnell Positions For 2013: Gold's An Essential Diversifier In Any Portfolio [View article]
http://seekingalpha.co...
However some hurdles for US residents.
In Defense Of Herbalife: Arguments Against Ackman's Short Thesis [View article]
1°) the accounting methodology that is used to discriminate the distributors income in recruiting and their incomes of direct selling.
2°) the efficiency of HLF in enforcing their own rules.
If HLF brings convincing answers, the regulation authorities have no reason to open a new case, and the rest of the accusations will fall apart. If not, it may become complicated for HLF, at least in the US.
In Defense Of Herbalife: Arguments Against Ackman's Short Thesis [View article]
Herbalife (HLF +0.8%) is expected to announce today that it will build a $100M manufacturing and distribution hub in Winston-Salem in North Carolina, with 500 jobs set to be created. [View news story]
Why Gold And Silver Prices Are Declining Along With The Dollar [View article]
Just have a look at 1 to 5 min. charts on the "big down" days for 2 years, HFT patterns are so obvious. Drawing the chart on a short scale to validate bearish technicals on a longer scale when needed is the easiest way to manipulate a market for whom can afford it.
I agree on this: loosing 10% in a bull market is business as usual.
Buy Today's Sell-Off In Silver [View article]
Sprott funds are OK, but the "brand" is expensive (high premium over NAV). CEF's premium is more acceptable. With ZKB you pay only the metal.
The Gold Price Tumbles But Don't Worry [View article]
The Gold Price Tumbles But Don't Worry [View article]
Yes we know what's behind with a high probability. Stop hunting using HFT in low liquidity hours is a juicy business model. The golden pump works well for years, and the silver pump much better. And we also have an idea about who is behind. Just check the short side in the COT report.
The Myth Of Dividends [View article]
Santa Claus Rally: A Quick Glance At Gains For 13 Years [View article]
I like this ;-)
Santa Claus Rally: A Quick Glance At Gains For 13 Years [View article]
This is how I work with all my strategies before putting money:
http://bit.ly/Tn1CAO
How To Protect A High-Dividend Portfolio [View article]
Cemex Crumbles And Latin American Starts To Look Weak [View article]
How To Protect A High-Dividend Portfolio [View article]