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I could put on this bio my education, work experience, investment strategy, and a nice thin (if I can find one) picture of me in a suit looking *smart*. Sorry but that's not my intent here. Sure I invest, help family make financial decisions, and make a ton of mistakes along the way. But my time... More
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Interesting Times For All Commodities And Investments!! CHAPTER 4......
  • Interesting Times For All Commodities And Investments!! Chapter 2.... 155 comments
    May 22, 2013 10:15 AM

    Where do commodities go from here, are stocks and bonds still sound investments? Oil. Etf's Physical metals..

    Folks.. we are growing and posters like it. If you are new to investing then this site is for you.

    I am going to be the first one to admit that I haven't a clue when or if Gold and Silver will ever take off in price. I expect they will though. Additionally I don't see much coverage or articles pertaining to the other commodities. So I would like to start up a blog where every commodity, and every investment is on the table for discussion. Even political questions. I only ask that you be courteous!!

    Someone posted the difference between being smart, foolish, and a moron. Well I have been all of the above and I will "man up" and admit it! However I came away from those experiences with both battle scars and knowledge.

    For years I have been reading basically any day now Gold and Silver will explode. Yet somehow the can gets kicked down the road and I live to learn another lesson. Then Sprott's ETF'S are talked about as being safer then others. (NYSEARCA:PSLV) is the silver ETF.

    With all the QE'S basically not creating any new jobs what will be the consequences in the future?. Will we be "CYPRUSED "?, are we in a serious stock market bubble? Obviously we read daily about these concerns but what about other commodities? Here is where most of us are uninformed and relish an education.

    Stocks are fine to discuss as well. All of us know that commodities should only be a % of your portfolio. I owned (NASDAQ:PSEC) and liked the dividend. Others may not ! So please feel free to entertain your picks and why!

    REE'S have been an interest for a few of us over the last couple of years. I had exposure to Lynas (OTCPK:LYSCF). Some posters might have questions about this group as well.

    If you disagree with a post please bring proof and display your argument. If you agree with a post, find one interesting, or have questions please feel free to respond. We must remember were all in this together. So if you want to talk (NYSEARCA:GLD) or (NYSEARCA:SLV) that is fine.

    Now if some have an opinion on Copper, Zinc, Palladium, etc. Do not hesitate to post that. Most of us might not understand the post but I am sure well be open to learning. Lumber might interest someone and I would like to learn why I should invest in it. PLEASE bracket any symbol you use so that I can include that in the topic forum. It also allows a reader to click on it and get some data as well.

    My part time job is a college and high school official so I can sit here and referee all day long. I honestly hope that ALL will be professional with their comments. So lets see who comes on board. Looking forward to what can become a nicely knit group of diversified investors.

    I have invited a few Authors whose work I admire to bring their expertise to the forum here as well. Tom, Eric, Hebba, Doug, Chris, Focal Point, Tack, to name a few in no particular order. I am sure they will drop in once in a while to voice their opinions. Please feel free to ask your favorite Authors to join in the discussion as well.

    These are highly recommended people that I suggest you follow as well. I have learned a ton from them and find their work both challenging and engaging. Two areas that I hope inspire people who normally don't post to now feel free to do so !!

    Now I also feel compelled to encourage the use of the like button. It is human nature that once someone posts and see the like button add up they will feel they made a valid point. Upon that feeling they will post again! So if you do like what someone posted, either a question or an answer PLEASE use it ! It might help our core grow exponentially as well.

    As you see I have stopped adding any new symbols as they were growing way too fast for me to keep up !!

    We are living in some very INTERESTING TIMES !!

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Comments (155)
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  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » BEN HAS SPOKEN...Where do stocks and commodities go from here?
    22 May 2013, 10:20 AM Reply Like
  • CoinsK
    , contributor
    Comments (2743) | Send Message
     
    Just watched a Mike Maloney video ,he actually used a technical Chart to show that Silver has a real bottom at 21 .This is really a double bottom now so I hope we are ready to go forward and Silver looks good IMHO.
    22 May 2013, 02:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @COINS

     

    You follow Mike as well? Saw that video and also posted that I received an Insiders Email from him that he is buying silver now and not worrying if silver drops another few bucks.

     

    I am not a technical chart reader so I have to trust those who do!
    22 May 2013, 09:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @COINS

     

    I am sure you will appreciate this !!

     

    US Mint Resumes Selling One-Tenth Ounce Gold Coins... At A 40% Premium To Spot

     

    Thoughts folks !!
    28 May 2013, 03:24 PM Reply Like
  • CoinsK
    , contributor
    Comments (2743) | Send Message
     
    @ IT Wow ,That is going to be tempting for the extremely gullible. LOL
    28 May 2013, 06:24 PM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    CoinsK,

     

    I also like Mike Maloney. He is almost like a psychiatrist for me when silver plunges and I get nervous. His soft tone and often very logical and solid advice always seems to calm my nerves. In fact, I would say he is a pretty big reason I have stopped panicking and understand that this is a long term investment and one that will likely pay off well in the end. My only regret is that now, at this bottom I do not have more liquid cash to buy physical silver.
    12 Jun 2013, 12:43 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @RICH

     

    As an Insider on Mikes account he has emailed that soon he would hold a webinar for all those eligible. Do any PM people have any questions to ask as I can email them in prior?

     

    If so just PM me them or post em..
    12 Jun 2013, 01:11 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Markets and gold like it so far!!
    22 May 2013, 10:25 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    I'm seeing them coming down. My streaming picked today to stop working! I was going to sell....
    22 May 2013, 11:00 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Markets are going to bounce around today. Like DG said were stuck with this until a collapse. My opinion is we are playing a dangerous game of musical chairs and one day it will blow up imo...

     

    Now we have the IRS taking the 5th? Wonder how I could do that if asked a question from the IRS ?? Oooops...Nevermind!
    22 May 2013, 11:06 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    I'd really like to hear everyone's opinion on whether this is getting to be a dangerous game.

     

    ...I just sold a deal of everything this morning. The markets were climbing sharp before, but down during. The statements were so all over the place, with hints of less QE to come (I thought they were saying, it's got to end sometime.) It didn't sound like that solid statement that would keep the markets exciting until the next hearing.

     

    Sounds like they're aiming to start adjusting QE in a few months, not 2014 like they originally said.

     

    Any opinions? Did you hear it differently?

     

    - Maybe I'll miss an upside or it will never correct (climb higher than a correction will be)? Does the "next few meetings" mean a solid climb until the next meeting??

     

    Though, I'll live by the zen idea that if you can get a profit, no need to try to get it all...
    22 May 2013, 12:02 PM Reply Like
  • Hebba Investments
    , contributor
    Comments (1303) | Send Message
     
    As I mentioned in my comment below - I dont see any way they can end QE in 2013. The risk is too great - they will just talk about ending it to keep market perceptions balanced.

     

    The problem is that by jawboning QE-tapering, they risk setting off a market panic. Margin debt is at all-time highs (http://on.wsj.com/10lnbWR) and if equities start to drop a lot of that can be unwound in a hurry, causing even more of a panic and possibly having the Fed lose control of this gentle market levitation.

     

    That would be negative for gold initially, but then people will realize that gold is exactly the asset they want because it is unleveraged, traders are heavily short, and it has been sold in favor of easy stock market gains.
    22 May 2013, 02:08 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    HI,
    From what I have read, the great depression was partially caused by leverage (credit) being extended way out there. When the market went down (flash crash) margin calls went out, were unmet and an unstoppable avalanche began.
    22 May 2013, 02:22 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (2727) | Send Message
     
    Exactly Hebba...

     

    Wrote this comment to a guy yesterday; "You would ask what would possibly cause the metal to rally? For me, it's simple math. There's a reason why our kids calculators don't go to a trillion. The Fed's hands are tied. They must continue no matter what Bernanke hints at tomorrow (Wed). My guess is he will be silent, however, one more knock down of gold would be nice if can just muster up the words, "we're going to end QE sooner than expected." Wouldn't that be wonderful?"

     

    I don't mind lower prices at all.
    22 May 2013, 08:17 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    Thanks for the views Hebba. Ending QE is one possible concern, but that jawboning & effect of hinting, also has an impact.

     

    Margin debit being high with this much uncertainty in world economies is signs of an excited rally, not solid basis. Yep, which of course means panic can lead to downward directions.

     

    I had a hard time believing stocks would drop over a mention of tampering QE. If it was me, I'd wait to see how the tampering was set up & it's effect after actually started. No need for advance panic. But so glad I traded today based on that general reactiveness.
    22 May 2013, 10:07 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    @Stilldazed

     

    True.

     

    It was also that margins were much less regulated than they are now. Regulations are a result of the great depression. I don't think it was a flash crash, but it was a crash day. Because people were heavily in margins, people who considered themselves rich, were very poor practically overnight.
    22 May 2013, 10:11 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    You traded today, I suspect SPECULATORS ran to the doors!! Even a hint of tapering sent everything into a tailspin..
    22 May 2013, 10:11 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @Hi STILL

     

    From what I understand were leveraged to about what we were around 2007. Maybe someone else can answer this. Thanks for stopping in as I know you can add to this discussion.
    22 May 2013, 10:15 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    I learned this lesson the hard way. "Profits never hurt, no matter how small. However losses hurt even when they are ALL small"

     

    It is what you now do with your profits that make it interesting !!
    22 May 2013, 10:18 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    What was interesting was watching CNBC. They're commentary was vague, & repeating BB's words in contradictory groupings. Then AFTER the market moved down, they started bringing commenters who talked about BB's words as hinting toward tampering & it all being sooner. So they're good for learning what's already happened...
    22 May 2013, 10:20 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Gotta watch Fox Business. Women are much prettier for sure. Now what's between their ears ??
    22 May 2013, 10:26 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    Hi IT,
    Nice insta with great discussion, thanks for hosting.
    23 May 2013, 04:47 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @STILL

     

    Now why are the markets dropping this morning? BB states we might taper and POOF, we start selling. I think were on fragile ground right now. Then a FED comes out this morning and said were not close to stopping the presses.

     

    Damage control ? Fragile ground for sure..Now I hope these people start hitting that LIKE button as we do in the quickchats !! lol..

     

    But seriously I hope this takes off as I have always believed that politics and macro economics have a place in the markets. The IRS and the DOJ are part of this in the grand scheme.
    23 May 2013, 10:30 AM Reply Like
  • Hebba Investments
    , contributor
    Comments (1303) | Send Message
     
    Agree with you Doug. Additionally, it seems like it may have backfired as the stock market realizes higher rates (due to a hint of a possible tapering of QE) is actually NOT good for businesses and the real estate market. Also, it seems that leverage (using NYSE margin debt data) is at the highest levels ever.

     

    Whnever you have these situations you want to go to the assets that are undervalued or have not participated in the bubble. I'm looking at PM's and possibly even some base metal producers (though economic uncertainty does not help them).

     

    I'm curious what other investors are looking at in terms of undervalued sectors?
    23 May 2013, 10:35 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @HEBBA

     

    Could you specific symbols for the base metals you have an interest in for others, including me !!
    23 May 2013, 10:38 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    What are PM's? Emerging markets have been poor this year. I'm thinking, a place to buy.

     

    Beyond that there's practically nothing that's not off kilter.
    23 May 2013, 11:22 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    PM'S are physical metals. Most of us believe if you accumulate them the buying physical is best. If you want to trade then (PSLV) IS safer then (GLD) and (SLV)

     

    A quote from Harvey Organ's daily web page..

     

    "The two ETF's that I follow are the GLD and SLV. You must be very careful in trading these vehicles as these funds do not have any beneficial gold or silver behind them. They probably have only paper claims and when the dust settles, on a collapse, there will be countless class action lawsuits trying to recover your lost investment.
    There is now evidence that the GLD and SLV are paper settling on the comex."
    23 May 2013, 11:28 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Folks

     

    Curls is new to investing by himself. Can someone else shed some light on the foreign and emerging markets for him??

     

    Thanks !
    23 May 2013, 11:30 AM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (2727) | Send Message
     
    Hebba, gold, silver (preferably right now) and cash, waiting for opportunities.

     

    If anything, instead of looking for assets that are undervalued, it might be better to find inverse ETF's that one can profit from the asset being overvalued (with one caveat - it's difficult to fight the trend or the Fed).

     

    This smack down we had in Japan overnight is a sign of what's to come IMO. Whenever that time is. That was a huge drop for one day. Shows you the power of the markets in the opposite direction, and the real potential for profit with an inverse attitude (if correct).
    23 May 2013, 11:56 AM Reply Like
  • phenix
    , contributor
    Comments (298) | Send Message
     
    Very true H...and I am glad to see that you are pro gold today....as you seem to have been leaning against gold/silver as investments in prior posts (or this is just my interpretation of them). I totally agree that the 'unleveraged' aspect of gold is of paramount importance.......the counter party risk in all of the hedging, leveraging and use of derivatives (!) seems to be entirely ignored in most discussion of market risk. This was at the heart of the 08 crisis and is why we are still living in dangerous times. The whole house of cards could come crashing down again at any time...witness the Japanese experiment - what would happen if the bond market there went through the roof.....who would not be in the line of fire? I have been long gold/silver stocks for the last few years and have lost money because of it....I did sleep more soundly though and still think that these stocks will come in handy (I hope I am wrong but fear I will be proven right)...there are too many rapidly moving parts in this game for B or anyone to control it.....what can go wrong usually does and there are many, many things that can go wrong right now.
    23 May 2013, 09:05 PM Reply Like
  • Eric Parnell, CFA
    , contributor
    Comments (2228) | Send Message
     
    @ Hebba & @ Doug,

     

    I agree with your views completely here on the PMs. Thanks for your comments, as I follow you both and enjoy your articles very much. While I expect gold and silver to get hit initially on any withdrawal of stimulus from the Fed, they should quickly turn and rally as investors reallocate toward crisis protection in a category that has been stripped bare of leverage and has massive short interest. I would also suspect that the withdrawal of QE stimulus would induce those on the short side to close out exposures in order to take risk off the table. And if recent history is any guide, both gold and silver managed to perform well during periods when the Fed was not stimulating at all (including Operation Twist) while stocks almost immediately plunged into the tank.

     

    Thus, despite its recent challenges, I believe the precious metals in general and gold in particular represent the best value and opportunity in the current market environment.

     

    Thanks again.
    24 May 2013, 12:10 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    Thanks IT! I am trying to get into foreign & emerging, which I'm only in via American conglomerates.

     

    I'm not actually totally new to investing... I've had money in the market for 25 years. I haven't been very active about it. I've had a municipal bond, closed-end fund, taken some classes (covered a lot of basics). There was that economics class in college, I insisted on taking "to learn what it in the world it's about."

     

    So far my buy & ignore strategy seems to have done well. So I'm hoping not to mess it up by taking a peek at what I'm doing :).
    24 May 2013, 12:40 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » This doesn't help does it??

     

    Barrick Gold (ABX -0.5%) is halted on news Chile's environmental regulator has imposed a $16M...
    Friday, May 24, 12:28 PM ET
    Barrick Gold (ABX -0.5%) is halted on news Chile's environmental regulator has imposed a $16M fine - the maximum allowed under Chilean law - and stopped construction on its $8.5B Pascua-Lama project, citing "serious violations" of its environmental permit
    24 May 2013, 04:14 PM Reply Like
  • Tom Luongo
    , contributor
    Comments (1312) | Send Message
     
    @IT The emerging markets are everywhere.. the biggest bloc is SE Asia, but as is Eastern Europe, Mexico, Chile, and the BRICS. There's a lot to like in SE Asia from my perspective.

     

    I really like a few of the ETF's actually -- ASEA is a good, sort of top 40 ETF for the major 5 ASEAN countries. The capital is all flowing there, though it'll be a bumpy ride with the mess that is the US/EU and Japan.
    28 May 2013, 04:57 PM Reply Like
  • Tom Luongo
    , contributor
    Comments (1312) | Send Message
     
    @Eric there will be no removal of QE by the Fed, just talk to keep the markets inflation expectations under control. Japan is the key at this point, if there is a serious unwind in japan -- rising yields and a falling currency, like right now -- is a precursor to turmoil in the FX markets and create all kinds of havoc.

     

    You have to have unencumbered assets in that situation.
    28 May 2013, 05:00 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    Hi IT,
    Can't answer for the Fed or the market. Some day the music will stop and the only people to have chairs are the ones lucky enough to have shorted the markets and bonds, or those in all cash ( physical PMs will dump also and then recover some what). Trying to time this mess is almost impossible as almost everything is artificially supported by QE, hopium and smoke and mirrors. I like phys PMs for insurance, farm land to grow food and guns and ammo to keep others civilized (including the govt.) when everything else collapses. Getting water rights for the farm land is a little tough. Ah well, been a long tough day and I may be a little negative. Good night.
    29 May 2013, 04:12 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @STILL

     

    I agree about the physical metals. But are you noticing that oil is dropping today, the markets are dropping, yet gold id up ??
    29 May 2013, 01:05 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    @Tom

     

    Thanks for the ideas! I hadn't heard of ASEA before & it looks like a very nice mix to fill in holes from the usual main indices that I've seen & was wondering about. I have a couple article earmarked to get the overall concepts, but will come back & ask if I have questions, if you don't mind.

     

    Emerging markets are down this year by comparison. Does that make them a good sector/segment to move towards... with all the turbulence? I'm waiting to see how the markets all shake down, but thinking this is a good spot to keep an eye on as less ridden up & less tapped at the moment.

     

    On QE - won't the Fed have to remove QE eventually, someday? Can the g'vt keep buying back itself forever?
    30 May 2013, 12:39 AM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    Agreed SD... there is enough going on in here that I personally am directly interested in and several things I am learning about. I also like that we have opinions on both sides of many investment opportunities rather than a forum that has everyone foolishly patting each other on the backs and yessing each other to death in an effort to convince each other their investment is without question a great one no matter what the facts say. Been there done that. Good group here. I appreciate the learning experience and some very wise and profound opinions.
    12 Jun 2013, 12:35 AM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    I live by the philosophy that as long as you don't sell, you don't lose money. Of course the investments I have in place (including silver) are all long-term. I tried an active weekly trading style for a couple years but did not make money... didn't lose a lot either. I just decided that since I have time for my investment dollars to work, I would allow them too by leaving most of them in place for a while.
    12 Jun 2013, 12:42 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    @Richonsilver

     

    Good point - it's all paper till it's sold. Interesting: " I tried an active weekly trading style for a couple years but did not make money... didn't lose a lot either."

     

    I've been enjoying the exchanges too. Lots of points of view -- but without the egos that lead to bickering.

     

    BTW, we keep moving onto newer chapters so those on ipads don't have to scroll forever. So post these excellent thoughts there too! Chapter 7. I got to Interesting Time's account & click the instablogs, and there it is, in the comments to the blog.
    12 Jun 2013, 12:56 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    I am to please. The pay could be better. But we are in a Recession aren't we? ooops.....
    12 Jun 2013, 01:15 AM Reply Like
  • richonsilver
    , contributor
    Comments (245) | Send Message
     
    It is human nature to adopt fear and caution when a stock, commodity or any investment is on the plunge. However, as I see it, gold and silver have a very distinct history of going in cycles. Although nothing is ever certain when it comes to investments, that history has shown over and over how silver and gold bounce back every time. I truly believe the investment world will look back at this 1-2 year period where PMs plunged (silver from $47 to $22 and gold from $1900 to $1300) and say, "if only I would have grabbed some then." No doubt it takes a brass set to put your hard earned and long term cash into something while it is in free fall but with silver and gold, it seems to be a promising move... at least I believe so. I encourage anyone serious about PMs to read and especially watch Mike Maloney because very often his logic comes from history... a history that has repeated itself over and over and if it continues to do so, will bring large profits to PM investors. Just my two cents... or make that ten cents, as long as its a dime that is pure silver.
    12 Jun 2013, 01:37 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Lerner takes the 5th...IRS under a microscope...
    22 May 2013, 10:47 AM Reply Like
  • doubleguns
    , contributor
    Comments (7888) | Send Message
     
    From Zero Hedge. Global Assured Destruction, Or How Bernanke Now Holds The Entire World Hostage

     

    Essentially QE cant end or we are all gonna be wiped out.

     

    http://bit.ly/10PGbwd
    22 May 2013, 10:54 AM Reply Like
  • Hebba Investments
    , contributor
    Comments (1303) | Send Message
     
    Doubleguns - that is a very important point. People forget that Bernanke isnt going to make his decision based on the US economy - it will be the world economy.

     

    If the Fed stops QE and rates rise, then rates will rise on debt all over the world. Do we really think Japan's debt will stay at .85 (10-yr) if US debt starts rising? European debt will stay stable? They will rise in unison.

     

    That is the dilemma that faces the Fed and it is also the reason they will not stop QE. If they do stop QE, that may be the most bullish thing for gold Bernanke can do - initially there will be a sell-off, but when the consequences of overburdened governments facing higher rates starts to face investors they will probably want to own some of the shiny stuff
    22 May 2013, 11:51 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Hebba

     

    Thanks for shedding some light on this. Hebba also writes articles and has written some interesting ones on the cost of gold and silver. Folks might want to follow him as I do !!!
    22 May 2013, 12:04 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    "Essentially QE cant end or we are all gonna be wiped out. "

     

    Yet it has to. He seemed to be hinting that it has to start happening. Like trying to prep a child for the bad news ...is....coming.

     

    Goodness, I want normalcy already.
    22 May 2013, 12:07 PM Reply Like
  • WMARKW
    , contributor
    Comments (10251) | Send Message
     
    MMT - Modern Monetary Theory guys would certainly argue about whether QE should/could end. In essence, the idea is that "printing" money is fine as long as it doesn't produce inflation (measured by someone, somehow).

     

    Here's my view. We have changed paradigms. We have shifted the growth curve of the GDP line down compared to history and it ain't gonna come back because of aging population, lower work force participation and lower productivity. So the new normal is 1.0 - 1.5% GDP. I THINK the FED is not ready for the US and the world to realize that is the case and they are trying to pre-empt the "market's" recognition and response to that new paradigm.
    27 May 2013, 06:29 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    That makes sense, that the new GDP norm will be lower. It's kind of obvious once you think about it... unless we import people, which is a political topic.

     

    So by that estimate, you're expecting the markets to go lower as that new paradigm starts to effect reality (when the Fed actions stop holding it up)? ... then more longer term they'd stablize again & go back to a norm, abet a lower productivity yielding norm?

     

    There's a lot for the US to export to the world, where we are more "advanced" even if manufacturing is overseas. How does that play in?
    27 May 2013, 06:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURL

     

    He has been saying this for a long time to calm down the public that it will end. IMO it will change it's name but he is praying for other outside things to happen. I don't think they will.

     

    One day,, BOOM !!!

     

    Opinions on my comment??
    22 May 2013, 12:10 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    @IT
    I remember (it was a while back) he saying it wouldn't be before 2014. So, his hinting of a need for an end, seems a little more words around it than in the past. (I didn't listen to several meetings in between.) Thoughts?
    22 May 2013, 12:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    Actually he tied it to the unemployment figure of around 6.5%. But that doesn't take into account all those who just gave up looking!! In NY they are going to try and pass a bill to allow college students to refinance their interest on their loans to 4%. Good for my daughter but if things are getting better then why do we have to do this? A student loan bubble we have ?

     

    Every other day we read another FED giving his point of view. Most of the time they are opposite of the guy before. So I take it as some think this is a bad idea long term.

     

    Let's just think outside the box. If this was really working the way it was intended to we would have a robust employed economy by now. We don't so I just think imo were stuck in no man's land and the FED wants us to think they have things under control. They don't !!

     

    The world economy is a mess right now. Forward guidance from companies isn't promising. But speculators are gambling that the FED will keep propping up the stock market forever.

     

    Isn't that a bubble?? Not sure when it will pop, and people will make more money then me if it takes 4 more years, but I kinda like to sleep at nights not wondering what the Asian markets are doing.

     

    That movie TOO BIG TO FAIL on HBO woke me up to what *MIGHT* happen. I am not a trader, those folks have the scars to prove what can go wrong. I use to gamble on sports when I was young and thought I had all the answers as. Then I learned I didn't.

     

    Like we spoke about those FLASH CRASHES are occurring too often for my liking. The slamdown of the metals is being done for a reason. Unsettling times concern me when I have to ante up!!

     

    My 2 cent's...Interesting Times for sure..
    22 May 2013, 12:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » FWIW CATEGORY

     

    Mike Maloney sent out an Insiders Alert and he is adding to his silver physical at this price of $22 bucks. For those who care...

     

    Technically he said it could drop another few bucks but the bottom is being put in as he sees it technically!!
    22 May 2013, 12:14 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (2445) | Send Message
     
    IT-
    I believe there is strong demand for physical metals, Gold, Silver, Palladium and Platinum but also feel that the manipulators control the paper variety, and thus the prices on the market.

     

    The Comex Gold vaults were cut by a huge amount a few weeks ago, supposedly to favor Germany's and Argentina's wishes to re-patriot their stuff. Nobody is really sure what happened to it.

     

    The Chinese and Indians (East) can't get enough and premiums are being paid buy eager buyers.

     

    One thing for sure is that physical- both Gold and Silver will head up in value when the fiat currency we have created is recognized for what it is- Maybe six months?

     

    The PGMs have not declined much and continue to have a significant industrial demand.

     

    Windwood Trader
    22 May 2013, 01:29 PM Reply Like
  • WMARKW
    , contributor
    Comments (10251) | Send Message
     
    We also don't know the impact of Soros' sale of GLD shares. It could be that he actually took delivery of physical from GLD ETF. No one know just now....but I am betting he did.
    27 May 2013, 06:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » So BB speaks about pumping more money into the system yet the markets have no long term reaction?

     

    Me thinks the air is coming out of this bubble!!...
    22 May 2013, 01:48 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    The market went down since the Fed hearing. What did everyone hear that CNBC didn't? According to CNBC, it was a middle of the road, nothing reallly new said.
    22 May 2013, 01:59 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    That's just it .The old investors know this game might work short term. But as I have posted you now have the smart money leaving and the new, dumb money chasing. Speculators !!

     

    The game has to end one day, and as I have said badly. Corp financials aren't favorable, companies have laid off as many as they can. Last weeks economic reports all were anemic.

     

    This is no surprise to me as it was what everyone expected. Hinting at slowing down is just posturing and calming down the sheeple. He can't stop the morphine and it now is hurting more then helping. No jobs, high unemployment, no infrastructure as promised. etc..
    22 May 2013, 02:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Just borrowed someone's post !!

     

    "Market is in complete free fall now as people take cash out of equities to take profit all at once and traders are trying to pre-empt the market by selling before the 3:30pm call when the mutual funds will be rotating cash out of the market.

     

    It's all over the Street right now and traders are panic selling their shares as a result before 3:30pm."

     

    Not sure I agree with a free fall but a non reaction to the fed I do !!
    22 May 2013, 02:25 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    I just got my first alert set for drop in one of my (prior) holdings. So nice to have already sold.

     

    I am wishing I'd sold my mutual funds yesterday (401k has no etfs), but now I'm going to hold. The market will come back up again... it tends to bounce... & I'll back out then. The employment numbers on June 10th (?) will be very tense. If they're poor, the markets may really climb again.
    22 May 2013, 02:37 PM Reply Like
  • Eric Parnell, CFA
    , contributor
    Comments (2228) | Send Message
     
    Hello IT,

     

    Thanks for your latest instablog and the invitation to join. I'm looking forward to participating in the discussion.

     

    I think the primary constraint to commodities prices at present is the weakness in China over the last couple of years, which is having spillover effects in many economies, markets and companies around the world. It stands to wonder whether it is only a matter of time before the drag on growth begins to weigh more prominently on the U.S. and its markets. It will be interesting to see.

     

    Thanks again. I'll be checking back regularly to chime in along the way.
    22 May 2013, 03:39 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Eric

     

    Thanks for stopping by. I have a few posters who would like to know the safest place to invest within the stock market now. I have been in PSEC for a while now.

     

    Do you have any articles that you can list here for those people. Do dividend plays make sense. Have any knowledge of PSEC?

     

    Thanks, and if others have an opinion please post it for those interested !!
    22 May 2013, 09:35 PM Reply Like
  • Eric Parnell, CFA
    , contributor
    Comments (2228) | Send Message
     
    Hello IT,

     

    Thanks for your comment and for raising a very good question. At this point, I have a great deal of concern about the stability of the stock market in general going forward, as I see the potential for a shock correction in stocks taking place at any time now. With this being said, stocks enjoy a great deal of technical support at these levels and the backstop from the Fed is likely for as long as they can provide it (I'm not sure the Fed will let the stock market even correct sharply for much more than a day, which I think is extremely problematic).

     

    With all of this in mind, I believe the safest place to invest in the stock market right now is high quality dividend stocks sourced from more cyclical market sectors such as energy, industrials and technology that trailed during the 2013 QE induced market rally to this point. Representative names that I currently hold include ExxonMobil (XOM), General Electric (GE), IBM (IBM), Emerson Electric (EMR), Oracle (ORCL), Qualcomm (QCOM) and Cisco Systems (CSCO). I should note that I view all of these positions with a short-term perspective with the recognition that a major market correction may necessitate moving to the sidelines at any moment in time.

     

    Thanks again for the forum. I've enjoyed reading the comments and participating.
    24 May 2013, 12:21 AM Reply Like
  • bd4uandu
    , contributor
    Comments (1795) | Send Message
     
    Interesting times I have an interesting link .... http://seekingalpha.co...
    22 May 2013, 05:50 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @BDU

     

    Yes, I saw this on Mike Maloney's web page. Yet this stuff gets no reporting from the talking heads. WHY???
    22 May 2013, 09:33 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1795) | Send Message
     
    Interesting developments in copper ... http://bloom.bg/11e2ehX
    23 May 2013, 09:02 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @BDU

     

    So copper should go up in price then if I read this correctly??
    23 May 2013, 10:32 AM Reply Like
  • Hebba Investments
    , contributor
    Comments (1303) | Send Message
     
    What will be interesting to see if how the markets react to the positive housing report just released. Will it be a buy the dip or a sell on the news?

     

    Remember JPY opened up before investors ran for the exits - if we have a drop after the housing report that would be very bad news because it may confirm a complete change in sentiment.
    23 May 2013, 10:38 AM Reply Like
  • Hebba Investments
    , contributor
    Comments (1303) | Send Message
     
    Also, the dollar is down significantly which is quite the opposite of what one would expect after a big risk-off day. Not sure how to interpret this - it could be foreign investors (who have been heavily involved in US markets) running for the exits. Not sure but quite counter-intuitive...
    23 May 2013, 10:39 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @HEBBA

     

    Me thinks the speculators are starting to head to the exits. Japans 7% drop can do that !!
    23 May 2013, 10:51 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    BB set up a negative correlation. If the economic indicators do well, QE will be on the way out. So we'll now have a very strange phenomenon that good news will be met as bad. Guess it makes sense, since for a while now bad news was seen as good since it continued need for QE.

     

    I wouldn't just it as a change of sentiment yet. Takes more than 2 days. More like if in 2 weeks there hasn't been a switch to some buy in & upturn... then we've picked the mountain & will be either double topping at some point, or straight down the other side. (Just my perception.)

     

    Makes "interesting times" a good title...
    23 May 2013, 11:27 AM Reply Like
  • capitolp
    , contributor
    Comments (542) | Send Message
     
    @IT, I like the cut of your jib.Also,Thanks for the invite, great stuff.
    23 May 2013, 05:51 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CAP

     

    Welcome, I read one of your comments. If you had to guess how many people out of 100 would own physical silver? I say maybe 1 ??
    23 May 2013, 07:30 PM Reply Like
  • capitolp
    , contributor
    Comments (542) | Send Message
     
    I think if you broke it down by age groups it would scare you, being that we live in a disposable world, the younger generation do not hold the same value to PM's , they are simply not into anything that will not be outdated or thrown away in a year or so. The I-CRAP people I call them. Most of the PM's we buy come from younger folks who inherited it or it was gifted, so they have no skin in the game. I think it is probable that it is less than 1%.
    23 May 2013, 08:48 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    http://yhoo.it/10r3LfU

     

    I think the author has pegged it. The Bernank should have stuck with his prepared remarks, which were very dovish (and imply QE to infinity for at least another year or more). He is unwilling to admit (ever) that QE has been ineffective, but he did a poor job of dodging the bullets.

     

    The Bernank will clarify things shortly, putting all back to status quo (for now).

     

    Gold had a good day, but naysayers will point to the Bernanke drunkard's walk and blame it on that... Whereas the day's charts say Gold was strengthening in step with equities before he stepped in the manure.

     

    More worrisome is the debacle in the Japanese markets today, which I attribute to worries that a currency war is spinning up (it is) featuring the yen as the number 1 target in the shooting gallery. If the Chinese start to ease the yuan dollar peg, all hell could break loose (good for the dollar, though). I see BOJ desperately trying to keep the yen weak against the dollar and the Chinese undercutting their plans (and in a position to stick a katana in them because they are sitting on tons of resources). The Chinese are in a position to force the yen to go either way, make it drop dramatically in value (igniting inflation in Japan) or make it go up despite all that the BOJ can do, destroying all their recent "gains".

     

    I believe that China WILL pick a yen strategy, and very soon. Whichever way they decide to proceed will tell us whether they are now content with successfully raiding the West (and particularly Japan) for high technology factories, in which case they are unlikely to enter the currency battle by fighting the BOJ and driving the value of the yen upward... This would keep their existing long term strategy intact, and allow them to nail down some final technology transfers. This would prop up the dollar short to medium term, and give the BOJ the illusion of success at something like 100 yen to the dollar.

     

    My opinion is, however, that the Chinese have just about finished with their old plans, and we are about to see a new China! In this case they will cease fishing for Western companies to relocate their manufacturing and technology to China, and begin to battle for market share in a "full court press", particularly in the key tech areas still dominated by Japan, Europe or the US. An important tool to accomplishing these goals will be the ending of their "expensive yuan" program, followed by likely cuts in the dollar peg intended to put massive pressure on any manufacturing competition still remaining in the hollowed out industrial base of the West (and particularly Japan).
    23 May 2013, 07:57 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @TRIPLE

     

    Thanks for stopping by. As you know I consider you my guru from years ago. A few questions have been asked and I wonder what you think,

     

    1) REE'S
    2) Is now the time to open new positions
    3) Foreign markets
    4) outlook for physical metals.

     

    A couple of posters are new to investing and have sold mutual funds to learn on their own. So a few words of advice will help them as it did for me years ago.

     

    Thanks for the input !!
    23 May 2013, 08:09 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1795) | Send Message
     
    Do you think Japan sees the writing on the wall and in response is pumping up the volume?
    23 May 2013, 09:17 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    "The Bernank will clarify things shortly, putting all back to status quo (for now)."

     

    Has he done that before? I haven't been paying attention. It looked like his report was comfortable to investors & "perception of trouble in paradise" began during the interviewing. I was wondering if he'd come out later or send a "non-voting member" to make a smoothing-it-over public comment. Then the strange rally will begin again.
    23 May 2013, 09:35 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1029) | Send Message
     
    triple

     

    I agree with about China waiting for the right time; in my opinion the right time is close-- waiting for the West's banking system to collapse; with all the Yuan currency swaps in place to replace US$, China will be set to go in a short time and moving up the food chain of high tech area and an economic implosion by Japan will take out a major competitor; the US will suffer since Japan is a major supplier in our supply chain in technology; just today I saw an article of the Pentagon worried by China's space program; China has to improve its quality image
    23 May 2013, 09:41 PM Reply Like
  • tripleblack
    , contributor
    Comments (13444) | Send Message
     
    For REEs check my concentrator (click my profile and look under Instablogs...

     

    Its hard to summarize, but the way I see it is laid out there. Are REEs bottomed out? That's part of my comments about China above, really, and the answer is "it depends on which way they jump" (just as their slot in the currency wars could go either way).

     

    My opinion is that they are still consolidating their new 10 year plan (they just had their usual once-a-decade change in leadership among the rotating oligarchies that rule the Chinese Communist Party politburo), which is built around shifting from a form of "state managed" capitalism to a more fascist model featuring fewer small fry, less for the middle class, and more power and wealth concentration through cartels. Oddly enough, we are seeing this same strange determination to imitate the European fixation on fascism here as well...

     

    Anyway, REE prices dropped because the Chinese rulers wanted them to. The method they used to cause the drop was the elimination of literally thousands of small and middle-sized mines, processors and brokers in their REE sector. All production was centralized in a small handful of companies (primarily those owned and operated by the government/oligarchy). If all this supply destruction sounds counterintuitive when looking at a crash in prices for the things those same companies produce...

     

    It really isn't. When the cartel was formed and all the little guys were shoved aside, most of them saw it coming and had been squirreling away extra REEs for a long time. When push came to shove, they sold off their hidden stockpiles, all of a sudden, which flooded the illiquid REE market and crashed prices. The Japanese keibatsu (major corporate organizations, ie, uniquely Japanese groups of huge conglomerates usually centered around major industrial players) control the middlemen that buy and sell REEs shipped out of China. They have scooped up the sudden surplus of supply, so the pricing mechanism (such as it is - the only "exchange" for REEs is the cartel's pet exchange China setup in Inner Mongolia) is sending all the wrong signals.

     

    Other than the most common (and by far the cheapest) 'light' REE elements (like Cerium), which are looking at low prices going forward due to large operations opening up in the West (MCP and Lynas), the prospects for most REEs are actually quite bright... As soon as the world works through the one-time surplus.

     

    And so on. Its an incredibly complex story, and one frought with geopolitical peril (Western companies entering this field in a serious way like MCP or Lynas are literally facing off against a very determined nation state opponent in China).

     

    bd4: As for Japan, the effort to cut the value of the yen back to something around 100/$ is obviously intended to aid their remaining export industries. Whether this can be sustained long term, or under the pressure of a determined currency war (which might even see the US participating, since we, too, are supposedly trying to repatriate some factory jobs to our own shores)... I doubt it. Japan would make a good trade (assuming you could enter and depart before a dramatic setback such as we saw today), but not for the faint of heart.
    23 May 2013, 09:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    From my experience this is really his first big slip up. So I suspect someone will try to correct it. However my concern all along is exactly what transpired.

     

    The markets aren't trading on financials anymore, just on BB'S comments and his spending spree. Don't get me wrong you can make money on this. It's just the exit that bothers me. Can we exit and if not what happens.

     

    Others may have a different point of view though.
    23 May 2013, 10:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Long Holiday weekend. Anyone want to guess what the markets do nest week? Do they try to slam the metals again?? Will the markets sell off ?

     

    Just asking !! Have a good Holiday weekend everyone...
    24 May 2013, 12:51 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (2727) | Send Message
     
    Don't know but either way I am finally writing my bullish gold/silver article. Still would like a down Monday/Tuesday though. Please give it to me!

     

    Enjoy your holiday all!
    24 May 2013, 01:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @DOUG

     

    All should be reading your book. It is written so simple that novice will even understand it. My only problem is that it makes TOO MUCH common sense!!.. lol

     

    Folks new to trying to understand different pieces of the puzzle and how they come together will find this a must! People against gold and silver who keep an open mind will have their jaws drop as well.
    24 May 2013, 01:10 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (2727) | Send Message
     
    Nice of you to say IT. (and no, I didn't pay him to say that, hahaha!).

     

    All I do in my writing is call it like I see it.

     

    Like IT, who seems to read a lot of these article on SA as I see his comments everywhere, I too try to read a lot and put things in perspective.
    24 May 2013, 01:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Did Bernanke use the word TAPERING or TAMPERING?? Just sayin ...

     

    Enjoy the weekend.! Be safe folks !

     

    Fellow posters PLEASE use the LIKE button as it will attract some new people to the site that want to interact. That is my purpose, not to just drop a comment. But to continue a dialog that last a while and also gives a trail for newbies to feel comfortable with their questions.

     

    I do want to take a minute to thank our servicemen for all they have done. I personally have two nephews who are protecting us as I write this and my moniker is for ALL of those men and women who have served so that I can sleep at night safely.!!
    24 May 2013, 02:15 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Japanese stocks (EWJ) suffer a third consecutive day of volatility as the yen (FXY) again rises...
    Monday, May 27, 1:33 AM ET
    Japanese stocks (EWJ) suffer a third consecutive day of volatility as the yen (FXY) again rises vs the dollar, prompting some to fear that the Nikkei's decline has turned into something more than profit-taking. However, JPMorgan strategist Adrian Mowat doesn't share that view. "It is a little bit early to get too caught up in a bearish view," says Mowat. "The Nikkei's still above the 50-day moving average and Japan was very overbought." Japan -2.5%, Hong Kong +0.3%, China +0.1%, India +0.7%. Dollar -0.2% at ¥101.10.

     

    Profit taking or a reversal ?? How much lower does anyone see it going?

     

    Who would open a new position in our markets right now ?

     

    Gold and silver. Rebounding this week? Does gold break $1400 ?
    27 May 2013, 02:04 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1029) | Send Message
     
    IT

     

    It will be interesting to see what happens with the markets in Japan with BOJ providing so much support...what will be interesting is if the markets win or not but it might be still early
    More physical gold and silver are needed for June, so I see a smackdown coming
    27 May 2013, 06:42 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    I can't see how 7% down in one day can be attributed to profit taking, not news or nerves over something (yen value).

     

    3 days is nothing. It's 2 weeks + that tells if something is a trend, rather than a correction fortnight.

     

    Good point that with this happening Japan, it's worth watching as a possible pre-cursor hint. If it goes down there, & it's by money leaving... will the money be free to invest in US market, or a contraction of value that means less money to move around from there to here?
    27 May 2013, 06:51 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    That 7% in my opinion is people gambling and now taking money off the table.Then to follow up with another 3%. Quite frankly this is becoming a joke. Just like a casino. Japan has had almost a 45% increase so the speculators are taking away some funds. Now as you stated where does it go? Stocks here? Cash ? Commodities? Junior miners? Does the sell off come here as well?

     

    This is well worth watching like you said over a few weeks. That is why I am sitting on my hands right now. Although gold is kissing $1400 as I write this.

     

    Ben won't like that one bit and I agree another raid on gold via naked short selling is in order. Let's see the timing of it. But it's coming imo.. I agree Rin..
    27 May 2013, 07:04 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    @ IT
    7% seems too high to be just spectators taking profits or running. That's the style/size of one of those pre-cursor to a bigger (much later) crash. It's almost a marker point. It's nerves over something, & nerves by more than the speculators. It has to include professionals.
    27 May 2013, 07:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Oh I agree. I think the markets are manipulated by the bigger players. They run it up and then abandon ship . Just like they did with Apple.

     

    They know the days of making easy money are closing in on them so we now have Flash Crashes, etc.

     

    Hence my reason for owning the metals !!
    27 May 2013, 07:47 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4548) | Send Message
     
    IT,
    Can't argue with the bigger players theory , they are in every market , we have to try and navigate around them to be successful and that is a risk that is ever present.

     

    Regarding Japan , I am not an expert in that market , nor do I have any investment over there. From a pure technical view the recent drop , first 7% then the latest 3.5% would still classify as a correction in an overall uptrend. The next key level for them is the 50 day MA, which sits around 13519 some 600 points or approx. 4% from present levels. I will agree with "curls" that the first 7% raises an eyebrow, but with that market up 45% YTD , it just may be reflective of the wild swings that have taken place on the upside.
    IMHO, it may be too early to draw any conclusions. They may have hit a top and will come down hard just like they rose or market will consolidate around that 50 day MA for a while then regain momentum. Like I stated, purely technical in nature. Maybe others can add fundamental backdrop to prove or disprove the technical picture.

     

    If I looked at that chart as if it were an individual stock chart , I wouldn't touch it until it came down to 50 Day MA , then would look at fundamentals to support a purchase . 
    27 May 2013, 10:47 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @FEAR

     

    Thanks for that info. Can you keep us in the loop as you determine what your intuition and research tells you?

     

    It would be appreciated !!

     

    Do you think people have a valid argument that because of devaluing their currency the markets go up ? I read that all the time and quite honestly I don't know what to believe
    27 May 2013, 11:25 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4548) | Send Message
     
    IT,
    Yes I've heard the currency argument also, I'm with you on that one , not sure what to believe there. Honestly don't know enough about their overall situation. Any interest i have had has been from a tech. perspective, However i didn't make a dime in their markets during that 45% increase. My excuse is I was too busy with markets here at home --- LOL

     

    Look forward to learning about the metals. I need an education there.
    28 May 2013, 08:53 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @FEAR

     

    You have plenty of gold and silver bugs here. Do you have any specific questions as Tom, Doug, and a few others might be able to field them.

     

    Doug has written a book on gold and silver, Tom has done extensive research as well. Both are Authors here on SA to boot.

     

    Then you have the average Joe like me who bought years ago ( physical ) and just hold as insurance.

     

    Tom and Doug if you guys see this and can supply some links for all to look at I would appreciate it. I have received some PM'S from some following wanting more info on this as well.

     

    Thanks !
    28 May 2013, 01:39 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Folks

     

    I am attaching a 90 minute seminar that covers a wide range of areas. It is not an informercial. It is a where we were, where we are, and where we can be seminar.

     

    If you have time I believe it is worth watching it. Mike Maloney . who also is an Author that wrote a book that can be bought on Amazon did this,

     

    http://bit.ly/LUiFYg

     

    Hope some find it interesting !! I know I have learned from this . BTW it is not all about gold and silver either.
    28 May 2013, 02:16 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4548) | Send Message
     
    IT,
    yes I can see I'm surrounded by PM experts here. Don't have any specific questions at the moment . I occasionally pull up the chart on GLD to spot trends etc. So far I have been incorrect in my timing and assumptions. I tried to dip my toes into NEM (remember I'm a stock guy) to get exposure to the Gold market.. Recommended and bought for myself Mar.26. My theme then was diversity, defense and yield. At that time it appeared to me that GLD had found support in a key area, then as we now know it broke down. I remain in the position , might be wishful thinking but it appears the NEM chart may be showing signs of life. Meanwhile my interpretation of GLD is that we may have see a double bottom here. Hey, with my skills with GLD do not take that to the bank.

     

    I also have exposure to copper & Gold via FCX, that has been a long term holding of mine. Note that Emmet Kodesh has written a positive piece on that and I believe he is here on your blog also. He and others may be a source for insight on copper.
    28 May 2013, 02:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » GLD...SLV...Per Harvey Organs daily web page..

     

    "The two ETF's that I follow are the GLD and SLV. You must be very careful in trading these vehicles as these funds do not have any beneficial gold or silver behind them. They probably have only paper claims and when the dust settles, on a collapse, there will be countless class action lawsuits trying to recover your lost investment.
    There is now evidence that the GLD and SLV are paper settling on the comex."

     

    Just sayin !!!
    28 May 2013, 03:02 PM Reply Like
  • Stilldazed
    , contributor
    Comments (2097) | Send Message
     
    Fear,
    Check out Avi Gilbert, an SA author on Macro View under PMs. He has been pretty accurate (70-80%), but you need to understand that he comes from a mathematical Elliot Wave model. He give his analysis from the perspective of "this will cause that" based on the sentiment of the market and cycles. He gives both long term and short term analysis. If you like things in black and white instead of looking for what he says will be cause to create the effect, you won't like him.

     

    IMHO, if you are going to invest in PM stocks, stay away from GLD and SLV as they are very cryptic about what if any actual physical backs up the stock. Instead use PSLV which is backed by real silver and if you have enough shares can be redeemed in silver. Streamers like SLW and SAND are also good (though I would wait a bit for any PM investment to bottom first). If your a short term trader there will be some opportunities shortly in the silver volatility, but if your a long term investor you may want to wait a little bit.
    29 May 2013, 04:52 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4548) | Send Message
     
    Stilldazed,
    Thanks for the feedback , I have been made aware of the shortcomings of GLD & SLV.

     

    Even though my name gives the "trader" connotation, most positions are in my long term income portfolio. However, I will take a position and and trade around it in a shorter time frame , Buy stock / Write call, etc. or simply stay on board until I see a change in direction, fundamentals.

     

    Whatever works to add to bottom line..
    29 May 2013, 09:13 AM Reply Like
  • Tom Luongo
    , contributor
    Comments (1312) | Send Message
     
    Are y'all watching the bond markets today? big selling going on in both JGBs and USTs but gold is up with the USD. We should be watching for when rates get above the comfort zone for Bernanke. My guess is no higher than 3.5% on the 30 year. But, right now the important number is 3.26%, the April high. If we close above that this week, where the expectation is for credit expansion then that's a strong preliminary signal of structural bond weakness.

     

    Hey all.
    28 May 2013, 12:12 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Hey Tom

     

    Just heard that the 10 year treasury has hit it's yearly high! Ben ain't happy today for sure.

     

    As soon as Fox Business announced that the DOW dropped 40 points. Coincidence??
    28 May 2013, 01:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » I should have added the 10 year treasury is up 10 basis points !!
    28 May 2013, 01:40 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1029) | Send Message
     
    Tom

     

    I believe T bonds time is up when interest rates swaps start going off but first Europe goes down first
    28 May 2013, 12:35 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Sorry Tom I just had to post your last article here. I think it is important !

     

    http://seekingalpha.co...

     

    Worth a look folks !! Tom even answers questions if you post one. Most Authors do not !!
    28 May 2013, 02:27 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    What's happening with bonds now? So HAPPY something is happening! The start of the storm on the way to normal (whatever that is).

     

    After bonds... all the dividend stocks will get a shake up.
    28 May 2013, 03:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CURLS

     

    We might not like what the new normal might be though !!
    28 May 2013, 04:04 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » I just had to *borrow* this post from another

     

    Our apologies to Who's On First.

     

    COSTELLO: Hey, Abbott.
    ABBOTT: Yeah, Lou.
    COSTELLO: I read where the real price of silver should be $100.
    ABBOTT: Lou, the article is about gold.
    COSTELLO: Yeah, but he mentions silver. Doesn't it trade the same as gold?
    ABBOTT: True,Lou.
    COSTELLO: Alright. Let's start again. I read where the real price of silver should be $100.
    ABBOTT: Not true, Lou. It's more like $150 an ounce.
    COSTELLO: Then why is it $22.00?
    ABBOTT: There are a lot of reasons Lou. The price is set on the Comex.
    COSTELLO: It is?
    ABBOTT: Certainly. When there are more sell orders than buy orders, the price goes down. A favorite trick in the over night market is to dump 500 sell orders when there are only 10 buy orders.
    COSTELLO: WAIT A MINUTE!!! Why would they do that!?
    ABBOTT: Simple. It keeps the price down. Once, when the price hit $49.60 they sold a billion ounces of silver in one day. Of course the entire world production in one year is only 800 million ounces.
    COSTELLO: WHAT?!! That doesn't make sense.
    ABBOTT: Certainly. But it works. Every time the price starts to go up they simply sell a lot of contracts. It's worked for years.
    COSTELLO: THAT DOESN'T SEEM RIGHT!!!
    ABBOTT: Of course, but the CFTC is looking into it. They've been investigating now for 41/2 years.
    COSTELLO: FOUR AND A HALF YEARS!!? What's going on?!
    ABBOTT: Well, those things take time. But, don't worry, silver will soon reach it's fair price.
    COSTELLO: It will?
    ABBOTT: Certainly. Our stockpile and China's stockpile are gone and industrial use is going through the roof.
    COSTELLO: Industrial use?
    ABBOTT: Certainly. Every cell phone, every computer, many other things use silver. When the users can't obtain their silver, what do you think the price will be/
    COSTELLO: They could use something else.
    ABBOTT: Lou. Lou, Silver has heat dispersal qualities. You use something else your computer or cell phone burns up. You wouldn't want that, would you?
    COSTELLO: Not me.
    ABBOTT: And it's one of the best natural anti-microbide elements in Nature. They can't use a substitute.
    COSTELLO: So one of these days we're going to run out of silver?
    ABBOTT: Absolutely. And then you will see a fair price for silver.
    COSTELLO: So the price of silver is kept low by selling more contracts than there are buyers, just like they do with gold. Wait a minute!!! What if they don't have the silver they sell? I dunno. But the 10,000 industrial users of silver will mean that when they go to buy at the last minute and the silver isn't available, they will panic and be willing to pay any price because they absolutely have to have it or shut their plant down.
    ABBOTT: That was brilliant, Lou. You nailed it.
    COSTELLO: I don't even know what I'm talking about
    28 May 2013, 04:02 PM Reply Like
  • CoinsK
    , contributor
    Comments (2743) | Send Message
     
    i posted that on a Coins & paper money forum as well IT :)
    29 May 2013, 06:08 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @COINS

     

    What's the link to a coins & paper forum?

     

    Might want to read some of those comments as I have some numismatic coins I am interested in selling. Got a 1999 AGE 1 ounce graded MS70 by NGC I believe. I read only 108 are graded that high in existence.

     

    Do you know anything about that? If so you can PM me or post it. I don't care as I have drones all the time overhead anyway!!
    29 May 2013, 06:29 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1795) | Send Message
     
    "A whopping 1.8 billion ounces of silver was traded on the COMEX on April 12 and 15-that's in a 1 billion ounce market!"

     

    http://seekingalpha.co...
    29 May 2013, 07:20 PM Reply Like
  • Hebba Investments
    , contributor
    Comments (1303) | Send Message
     
    Interesting considering COMEX warehouses only have 160 million ounces in inventory. If that doesnt show how leveraged our PM markets are I dont know what will...
    29 May 2013, 09:24 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (2727) | Send Message
     
    I had record days of sales those two days. Then the supply shortages came.

     

    Have supplies now, but one supplier is still delaying my silver maples and eagles and was out of 100 ounce silver bars. 90% silver bags are still hard to come by and the premiums too high now.

     

    I started selling more 100 ounce silver bars right after the premiums shot up too much mid-April for the Eagles and Maples. Can get the Eagles and Maples now for $3.00 and $2.50 over spot now so the premiums have come down.
    30 May 2013, 11:48 AM Reply Like
  • Hebba Investments
    , contributor
    Comments (1303) | Send Message
     
    Yeah premiums are something buyers of bullion need to be careful of - now's a good time to get some decent deals on the premium bullion coins. When silver was at $23 and eagles were selling at $30 - it was a huge ripoff. Hopefully people were patient and bought when they saw good value for silver
    30 May 2013, 01:55 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (2727) | Send Message
     
    Right Hebba, I told clients to not buy the Eagles or Maples when the premiums were that high. Told them to buy 100 ounce silver bars instead. Now my one supplier is out of 100 ounce silver bars, lol.

     

    Premiums have come down nicely. Patience rewarded.

     

    I do wonder what it will be like when we really take off in prices, and what supply might look like. Throughout this entire move down, me and my suppliers have virtually zero sellers (I asked them).
    30 May 2013, 02:51 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Abbott and Costello explained why no one is selling !!

     

    (read above)
    30 May 2013, 02:57 PM Reply Like
  • Hebba Investments
    , contributor
    Comments (1303) | Send Message
     
    Very interesting Doug - i'm glad you give your clients good advice because a lot of dealers probably would have taken the high premiums (higher margins I assume as well).

     

    That would be an interesting scenario - it wont take very much of a shift in money to completely clear the physical dealers. We talk about billions in the bond/stock markets, but it would take much less than that to wipe out physical supply. It would be great for the holders of bullion, but I worry about the catalyst that would cause that rush into PMs...
    30 May 2013, 03:25 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » " but I worry about the catalyst that would cause that rush into PMs... "

     

    People are already preparing for that to happen. I pray that it doesn't . But let's be realistic here. What's BB'S end game scenario?

     

    Printing money may have a bad ending one day. One must admit it is possible, and if possible then insurance is necessary imo !!
    30 May 2013, 03:31 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    What are the investors during after & before market hours? I've noticed the pre-hour trends are frequently reversed when then market opens.

     

    During the day, must include professionals. I can't imagine pre-hours is only private investors.
    29 May 2013, 11:59 PM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Curls-100:

     

    It is all done via ECN and your brokerage firm should be able to give you access to that. However, there is extra fees (per share) on top of the commission you are paying. Also, the spread between the ask and bid could be huge as there are far less participants at pre and after market hours.

     

    Hope it helps.

     

    Krustyman
    30 May 2013, 12:17 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    Thanks Krusty - my brokeage has all the how-to details on their site.

     

    It's a trading philosophy question that I'm curious about.

     

    Who are the pre-hour & post-hour traders? I've noticing starkly different trends on many days in the ex-hour trading as compared to during. There'll be huge dips pre-hours, then as the clock hits 10 a buying spree starts. Or vice versa. So I'm wondering who's trading ex-hours where their collective patterns are so different, often contrarian, to during hours.

     

    During the day will be professionals. I can't imagine it's just private during pre-hours...? Seems like too much action happening. So I'm wondering if anyone has a clue on this?

     

    Thanks.
    30 May 2013, 11:18 AM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    curls-100:

     

    I cannot tell for sure, but a lot speculators buy just before a news release via the ECN during pre-market hours. The same people will buy after the close for the same reason ie: news release. I have noticed this pattern a lot for some stocks, specifically AMZN earnings release.

     

    Personally, I never buy at the open as I observed a pattern in which the highest price of the day is reached within the first 15 min. of trading. So Noon is my time :-) but it's personal.

     

    Cheers!

     

    Krustyman
    30 May 2013, 11:40 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    @Krustyman

     

    Very interesting observations!! Thank you! I've noticed too, that high spike early.
    30 May 2013, 12:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @KRUSTY

     

    Welcome here. Please feel free to voice your opinion all through this thread. New ideas will be refreshing !!

     

    CURLS, if that did not answer your question please post again when you are free.

     

    Hit the LIKE button as much as you want as well.
    30 May 2013, 12:22 AM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Thank you Interesting Times!

     

    Regards,

     

    Krustyman
    30 May 2013, 12:10 PM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Guys,

     

    MUX is gone (as expected yesterday). You may want to pay attention to it.

     

    Ksrustyman
    30 May 2013, 11:00 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @KRUSTY

     

    Can you expand on MUX is gone?
    30 May 2013, 12:14 PM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    I meant gone in the sense of up. +8% today.

     

    As mentioned yesterday, I bought so I am kinda happy! What a lucky call! :-)

     

    It is not too late if you want to trade it IMHO.

     

    Krustyman
    30 May 2013, 12:35 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Some here might not have known that. What do you like about it?

     

    BTW . Great call on that . Up 8%..
    30 May 2013, 12:38 PM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Out of MUX right now.

     

    Money recycled in KKD for mid-long term investment (not trade). For the record. :-)

     

    Krustyman
    31 May 2013, 10:12 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » A true trader, Thanks for the update !!!
    31 May 2013, 11:40 AM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Interesting Times:

     

    As you know, I trade the PMs complex, do not invest in them. So I will give you a trading point of view.

     

    Sentiment is terrible, especially for the juniors. Technically, the stock is very nice. McEwen is probably the greatest CEO the industry has ever known (with Pierre Lassonde of course). And...I guess he will surprise people eventually with his copper mine (Los Azule). I suspect he is preparing the sale of that asset, a sale that would give further a boost to the stock. Finally, they have cash and no debt.

     

    This is by far my favorite PMs stock. ABX is very nice too.

     

    Cheers!

     

    Krustyman
    30 May 2013, 01:00 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4548) | Send Message
     
    Krusty,

     

    Do u have a view on NEM ?, I do have a position that is underwater, I like the yield and their div policy which is tied to gold price..
    Dont have to mince words ,, want to hear negatives if they are out there.

     

    Also like ABX ,,seems to be firming up along with NEM, Like the Div there also.. Approach on both would be longer term ..

     

    Thanks
    30 May 2013, 01:26 PM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Fear&Greedtrader:

     

    To be honnest, I never followed NEM and from a trader point of view it does not look exceptional compared to other miners. That being said, it pays a nice dividend.

     

    Krustyman
    30 May 2013, 03:53 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4548) | Send Message
     
    Thanks for the input , agreed , div. is one of the reasons i stepped in.
    30 May 2013, 04:34 PM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Guys,

     

    I have two more stocks to share with you if you are interested in non PMs stocks.

     

    LMNX seems not far from exploding. A lot of accumulation lately.

     

    RAD, which seems to be en-route for the turnaround story of 2013.

     

    I bought RAD today as a mid-term investment.

     

    Cheers!

     

    Krustyman
    30 May 2013, 01:03 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @KRUSTY

     

    I also agree that the Junior miners seem to be a good investment now. I do not trade that much anymore so appreciate your thoughts. But they have been beaten up real bad the last 2 years for sure.

     

    If I were to buy into the miners I am looking at the ETF (GDXJ). Soros and Paulson have a huge position with this one.

     

    Thanks for the info..
    30 May 2013, 01:05 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    IT,

     

    You may want to check out GGN, it may pop one of these years :)

     

    While you wait its got a nice 12.7% divi.
    30 May 2013, 06:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » (GGN)..Like the dividend, close to(PSEC). What do you like about GGN for those who are learning?
    30 May 2013, 06:45 PM Reply Like
  • tampat
    , contributor
    Comments (995) | Send Message
     
    Heres a couple links with more info:

     

    http://bit.ly/178KMhv

     

    Top holdings:

     

    http://bit.ly/15mPO66

     

    I like the distribution and its paid monthly. The energy holdings have held up well even though the miners have been ugh. If the miners ever take off again this should do well.
    I like getting paid to wait.
    I also like having a good diversified exposure to the mining and energy companies.

     

    I finally got out of PSEC a little while ago expecting a market drop one of these weeks, may get back in if it gets cheap enough. I held onto GGN as its already been beaten up so badly.
    30 May 2013, 07:18 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    On GGN & PSEC -- with such high dividends the question comes to mind... what's the risk or downside? Why are they willing to pay such a high rate, & why hasn't the world descended on them in this era of dividend hunting. ....gotta ask, isn't that what you're supposed to do when something looks very, very good :) ?

     

    Love the RAD suggestion from "Krusty." I hadn't thought about it, but if they've got a turn around CEO, they had no place to go but up! Looks like they've already moved up quite a bit. Are they reaching anything like near their actual future value so with much more limited upside left? (I'm not experienced at stock judging.)

     

    On the other idea LEMEX (spelling?), what's the deal? It was much higher & looks like it's sunk during the rally. What makes it likeable for a good rise instead of just a volatile ride up & down?

     

    Generally I'm thinking, keep everything in mind but wait for at least a correction before getting back into anything. Still if something is a long time hold, it can go up & down with the market & if it pays me meanwhile...that's a good deal...
    30 May 2013, 07:39 PM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Hi curls-100:

     

    The price to sale ratio is around 0.10 I think for RAD at the moment while the competition sells for something around 0.65.

     

    I don't think the 3rd biggest drugstore chain deserves such a gap vs his competitors. People were pessimistic a lot (with good reasons) but if management executes well, I see something closer to 0.40 which would propel the stock to the $10 level with a market cap of $10B. It is, in my view, realistic within the next 2 years.

     

    Cheers!

     

    Krustyman
    30 May 2013, 08:42 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1795) | Send Message
     
    IT Part 3? On a tablet scrolling takes forever.
    30 May 2013, 07:56 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @BD4

     

    I aim to please. Were moving on to PART 3 !!

     

    Posted below..
    31 May 2013, 01:11 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (4548) | Send Message
     
    Curls
    Understand your concerns about the high rate and the "too good to be true" look that they have.

     

    They can get these returns because if you look at the makeup of the fund, they sell covered calls against every position held in the portfolio. They keep collecting premiums from the calls month after month ,but in doing so they have positions that are "called away " . That strategy then by its nature limits appreciation. However its a steady stream of income that they then distribute.

     

    Along with GGN there is another one in their program which has the same investment strategy called GNT,
    "Gabelli Natural resources and Gold."

     

    Here is the Link to Pdf file for GGN , which shows holdings and call options
    http://bit.ly/1aFWM7i

     

    And link for GNT
    http://bit.ly/ZhE1VR

     

    Gabelli has been around forever, I cant find any major fault with these.
    30 May 2013, 08:16 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (3537) | Send Message
     
    Krustyman & Fear&Greedtrader -- Thanks for the great details!! I'm adding these to my "research and learn" list. It'll be fun looking into them.
    30 May 2013, 10:52 PM Reply Like
  • Krustyman
    , contributor
    Comments (828) | Send Message
     
    Curls-100:

     

    You may also want to add KKD on your list. Today they proved that the company is back on track.

     

    Great brand (which is very important), great product and now, a more reasonable management.

     

    Company same store sales rose 11.4%, the eighteenth consecutive quarterly increase. Impressive!

     

    If MUX could gain another 5% tomorrow I will park the money in KKD.

     

    Cheers!

     

    Krustyman
    30 May 2013, 11:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » Moving along to PART 3 !!

     

    Please go back and look at the others for ideas...

     

    http://seekingalpha.co...
    31 May 2013, 12:31 AM Reply Like
  • bd4uandu
    , contributor
    Comments (1795) | Send Message
     
    Thanks IT great comments on your blog.
    31 May 2013, 09:10 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » PLEASE ANSWER IN PART 3...

     

    For the PM investors and Authors. Do we see $1500 gold before we see $1300 ?

     

    Does silver reach $30 spot this year?

     

    For the stock players and Financial Advisors...Does the market have a 10% correction before the end of 2013?

     

    http://seekingalpha.co...
    31 May 2013, 01:06 AM Reply Like
  • CoinsK
    , contributor
    Comments (2743) | Send Message
     
    James Rickards totally destroys Roubini's false premise. Listen to this interview.
    http://bit.ly/15UH5bI
    12 Jun 2013, 06:51 AM Reply Like
  • Interesting Times
    , contributor
    Comments (10165) | Send Message
     
    Author’s reply » @CIONS

     

    Where you been.? We have missed your reporting!!
    12 Jun 2013, 07:31 AM Reply Like
  • CoinsK
    , contributor
    Comments (2743) | Send Message
     
    I have been extremely busy at the Coin Shop :) Thanks for asking .
    12 Jun 2013, 01:40 PM Reply Like
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