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Interesting Times
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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......
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  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Ok, New Years Resolutions...

     

    How high will the DOW be at the end of this year?

     

    How high will the S&P be at the end of the year?

     

    What will gold and silvers dollar value be at the end of the year?

     

    What will be the "homerun" stock of the year ?

     

    ANYONE WANT TO TAKE A SWING AT THIS AND PUT THEIR NECK ON THE LINE?? LOL

     

    Happy New Years !!
    1 Jan, 04:08 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    Good premise for a long analysis and discussion.
    1 Jan, 06:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Indices will be lower, PM'S will be higher.. TWITTER blows a gasket !

     

    Whose next?
    1 Jan, 07:19 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    Their will be a tremendous battle between telecom and search engine super giants.
    1 Jan, 07:27 PM Reply Like
  • User 7415181
    , contributor
    Comments (749) | Send Message
     
    Happy hangover, everybody!

     

    IT,

     

    More seriously, I will buy into F&G's commentary - S&P up another 10 - 15% over the next year. My 401k on the line as well as another account.
    1 Jan, 07:28 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    I think Dominion will dominate the lng process.And in 3 to 6 months silver will take a Bull run.
    1 Jan, 07:42 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    My take on the markets for '14
    The secular Bull market continues
    S & P will be higher than '13 -- S & P 1950 or so , the big question is how we get there. The details in my blog comments.

     

    http://seekingalpha.co...
    http://seekingalpha.co...

     

    PM's-- early rally from an oversold situation fizzles and they are once again down , it will surprise me if they can remain flat from these levels by the end of the year , as I cannot see any reason to get involved at these prices.

     

    My 2014 selections and what I'm investing in :
    http://bit.ly/1kIM5Zt
    Have fun !!
    1 Jan, 09:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » WOOOOWWW..

     

    Anyone see what gold is doing tonight??? Didn't take long for the oversold position to start correcting :)
    2 Jan, 12:04 AM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    Other than making money I see no reason for PM's .Well that and a storage of wealth when the need to get out of FRN's becomes obvious. Of course that will be too late as any investment will always be too late when everyone realizes the problem they have with what they hold. Stocks Indexes will ALL be going higher until the bubble burst.
    2 Jan, 05:51 AM Reply Like
  • John Wilson
    , contributor
    Comments (1355) | Send Message
     
    Storage of wealth is a good reason. The fact that no one noticed your comment or knows what FRNs shows the validity of your comment.
    2 Jan, 11:58 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    JW:

     

    Turns out that FRN's were a much better "store of wealth" than gold during 2013.
    3 Jan, 12:53 AM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    Actually it was a great year to convert from FRN's to PM's :)
    Going with the Buy LOW sell HIGH model.
    3 Jan, 06:23 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1736) | Send Message
     
    It will all depend on the earnings, which are going to start being reported in the next couple of weeks. 4th quarter 2013 was a big one for a lot of companies….but we have to see if most companies are going to expect earnings in 1st quarter (and beyond) to increase. I say most will….some may be cautiously positive, but positive. Of course, we will not see the markets go up as much as 2013. That was a blow out year, driven by earnings.

     

    The US (and most of the world - Grermany, UK, France, Japan, China, S. Korea etc.) are getting better as we progress into 2014. Another positive for the US is gas is going to get cheaper. That will continue to help us as our economy heats up.

     

    The US economy is starting to hum. Expect at least 10% or more upside for the markets. Some companies will blow the doors off - like (AMBA) and (GALE). With the volatility, traders will make plenty of money. Look at gold - wow up & down big swings there.

     

    Agree with F&G. Gold may go higher (notice how much support there is at $1200 an ounce) but will not go past $1300. Maybe not even $1250. This is because there are far better places to put your $. I see gold as a hedge against the fear factor. Fear is going down the drain….and if gold gets cheap enough, I'll go out and buy me some more. But it has to get under $500 an ounce for me.

     

    Of course you will be able to make money on the volatility. Coins has shown just how well you can profit from that, in silver. Is he psychic? ; )

     

    Companies that I predict will do well this year: (IBM) (GM) (F) (BAC) (JPM) (GALE) (AMBA) (FL) (DNKN) (KKD) (TSCO) (SBUX) (GMCR) (BP) (WFM) (NDLS) (LMT) (NOC) (CMI) (BA) (CRBL) (AAPL) (MSFT) and so many more. People need to eat out more, drink beer, grab some donuts, smoke and maybe go shopping for stuff at the mall. As they feel better, people will spend more. Maybe I will even go shopping, now that the 70% off sales in January are starting ; )

     

    All those newly rich folks in China are chomping at the bit to buy the best products the rest of the world makes….plenty of upside for liquor, cigs, perfume, purses etc. Hope they like the donuts too!
    2 Jan, 10:22 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1736) | Send Message
     
    Expect great things from Ford, like a solar powered car

     

    http://cnb.cx/1hWRude

     

    Although I will hang onto my bike. Living close enough to walk to the grocery store, gym, post office etc. is also a huge advantage.
    2 Jan, 10:28 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » BSF

     

    Lower gas prices will do wonders for those solar power overpriced cars no ??

     

    I am gonna stick with my gas guzzler until proved that solar is better and cheaper..I too walk as much as i can !!
    2 Jan, 06:42 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    FCEL fuel if they perfect it ,it's a game changer and their constituencies too,A lot of application.
    2 Jan, 06:51 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » @AL and others...

     

    Any comment on this ??? Maybe an eye opener ??

     

    "The new year on Wall Street is off to a shaky start, with steep losses on Thursday, despite some decent economic news.

     

    The Dow Jones industrial average (^DJI) slid 135 points, its first loss on the initial trading day of the year since 2008. And compare today's performance to a year ago, when the Dow soared 308 points. That was the second best gain of the year. The Standard & Poor's 500 index (^GPSC) fell 16 points, and the Nasdaq composite index (^IXIC) dropped 33.

     

    The declines were broad-based, with the number of losers swamping gainers by nearly a 9-to-1 margin.

     

    Here's why this down day may be worrisome: There's a very high correlation, nearly 90 percent, between what happens in January -- especially the first five days of January -- and what happens for the full year. It's certainly not time to panic, but it is something we'll keep a close watch on."

     

    One bad day down, 90% accurate ? Humm....

     

    Telling you, the "IT FIB" charts are pretty accurate ......:)
    2 Jan, 06:58 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    The Storm & apprehension about ACA and taper,and watching that 10 year,nerve wracking.
    Cramer said in this kind of event 3 would raise back faster than any,D,SO,ED-liquefied , nuclear and got to keep nyc going.
    ED just inked 8-k with NY state and you can see the protection built in.
    2 Jan, 07:08 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    Nothing has changed in the last 48 hrs,,, market is up 30% for the year.. up 4 straight months.... and the uptrend doesn't suddenly end because of one bad day , week or month.

     

    It will be the same story as '13 - if u aren't in the equity market u will be left behind,,
    2 Jan, 08:07 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    Happy Days are here again! If you liked 2013 (I did) you will love 2014.
    2 Jan, 09:03 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR.

     

    " Nothing has changed in the last 48 hrs,,"

     

    Uh, the weather in NY.. As you see we have a few here digging ourselves out .. I live in a gated condo area so this is when my common charges pay off !

     

    Plus the summer when the Cabana Girls take care of the pools for us..

     

    You know me i had to get the ball rolling !!! Although i am still skiddish when to enter, still have a gut feeling some sort of correction is coming. However i did add to my (PSEC) as the dividend seems safe as of now..

     

    Buried in a ROTH account is nice !!

     

    Tax question...When is the latest you can add to your ROTH account for 2013 ? Do you have until April 2014 or is it the calendar year 2013. Self employed so curious of the deadline..
    2 Jan, 09:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » COINS

     

    Any reason why you won't answer my PM'S ? Could use your professional opinion on a few collectible coins...
    2 Jan, 09:19 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    I will, I have been taking too much time off .I will get to it by the end of the day Friday. Have a good one.
    2 Jan, 09:35 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    CoinK,
    you and the guy's are so positive and up that is the making of a winning personal life and team.
    2 Jan, 09:42 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    Thanks ! Have a great New Year !
    3 Jan, 06:25 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » For those following FORD ...

     

    "Strong year by Ford ends with a whimper

     

    Ford (F -0.2%) saw trucks and utilities sell well again in December as passenger cars lagged.

     

    Sales by brand: Ford +1.6%; Lincoln +8.1%.

     

    F-Series sales rose 8.4% to 74,592 while Fusion sales were up 26.6% to 24,408. Taurus, Focus, and Fiesta all saw a big drop in sales during the month compared to a year ago.

     

    A feather in Ford's cap, the automaker fully expects to end the year as the top selling auto brand in the U.S."

     

    JUST BRINGING NEWS, NO OPINION ON THIS..some might miss it !!
    3 Jan, 09:57 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1736) | Send Message
     
    IT, you can add up to April 15th 2014 for your 2013 account….Just write on the check which year you are putting the money in for.

     

    Just checked with Merrill Lynch Edge. For my son, he can start a ROTH IRA account for 2013 up until April 15, 2014. So that's good, but sure as heck would have been better to start his 2013 Roth last year, with the market up so much. Trying to get him started on the right path for investing, and at 19 it's the right time. $5500 per year so that will be $11,000 already by the end of 2014. Let's hope he does ok. He's working 6 days a week, takes after his hardworking parents.

     

    So I've already been out to shovel. Not too bad, it drifted so in some places it's over a foot deep. Dogs are loving it! Looking forward to going for a walk later. Great day for skiing. And drinking Schnapps!
    3 Jan, 11:25 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1736) | Send Message
     
    IT, watch out for Amazon's delivery drones, coming soon to your neighborhood. Also, driverless cars. As pedestrians, we may have to be more careful out there ; )
    3 Jan, 11:26 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » BSF

     

    I already have drones watching over my stash of gold and silver. They ain't dropping packages from Amazon, that's for sure!! :)
    3 Jan, 12:41 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    Who wouldn't want the petro dollar.states already have laws on the books that electro fueling stations have to be in range.
    4 Jan, 09:31 PM Reply Like
  • Ninja Trader
    , contributor
    Comments (910) | Send Message
     
    IT,

     

    Roth IRA deadline for 2013 is Tuesday, April 15th, 2014.

     

    Also self employed.
    4 Jan, 10:46 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » NINJA

     

    Thank you !
    4 Jan, 11:44 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1736) | Send Message
     
    LOMAH, you asked me a question from the last chapter. How much to buy? in reference to (IBM) & (TGT).

     

    Since I'm a long term investor, (as opposed to a young person starting out, or a trader) I like to put about 2 % in each position. So that's about 50/60 companies. Some companies have more &, some less. For example, (TSCO) (SBUX) (LO) have done so well, that I'm more like 3 % in those stocks. In 2014 I'll have to decide on whether or not to take some profits. Others I'm just starting the position, like (BAC) so I have less than 1%. Some stocks share the position - (XOM) and (BP) for example.

     

    Also, buying into a position all at once is not something I like to do. With the exception of 2013, which was such a blow out year, I did buy into companies like (LO) (MCK) (TSCO) all at once. I'm glad I did - as it turned out great. (LO) took a beating last year & when it did, I bought lots of shares. Regret every day not buying more (MCK), it's up over 50% in less than a year.

     

    Normally, I like to buy into a position slowly. This way, you can take advantage of future market pull backs. Take (IBM). It has rallied over $10. If you just buy a few shares when it's "cheap" then in the long run, you will do well. Also, I like to have 100 shares as a base. So maybe buy 10 or 20 shares to start. This is for your long term, buy and hold companies. Like (JNJ) (KMB) (MCD) (MO) (WMT) (AFL) etc. These dividend paying companies are the majority of my investing strategy. I plan to live on the dividends in retirement. To add some oomph, I have (PTY) which pays over 8% interest. (OHI) (ARI) (MAIN) (OAK) are some others that pay a better dividend, so long term I'd like to have an average of at least 4% a year to live on in retirement, as a goal. Retirement is about 10 to 15 years from now for me.

     

    Once you reach retirement, your investing goals change a bit. Bob Wells calls that the "distribution phase." You are trying to maintain a robust portfolio where living off the dividends is the goal, and not selling your stocks (other than to sell a non-performing stock & then purchase a better one).

     

    Since I'm still in the "accumulation phase" I do have a number of growth stocks in order to hopefully increase the value of my portfolio.
    This where (AMBA) (GALE) (KKD) (DNKN) (TSCO) and even (MCK) come in.

     

    So about 55% of my portfolio is the blue ribbon, dividend growth stocks. 35% is growth. I like 10 % cash to be able to grab any bargains that come along.

     

    You like ETFs. That can work too, just diversify across sectors (energy, manufacturing, healthcare, consumer staples, consumer discretionary, tech, banking, etc.). Large cap, small cap….international, emerging market - whatever you feel is best. I'm not so concerned about "labels." But you must be diversified, that is very important. Some recommend 5% or more in gold/silver/platinum. This is like buying insurance.

     

    Since you are new to buying individual stocks, go in slowly. Do lots of research, and you will be fine over the long haul. Maybe limit 5% of your portfolio to the crazy stocks, like (TWTR). This could include IPOs. If you like an IPO, go ahead. Buying on the 1st day is usually not a good idea. Wait 3 to 6 months…and again I would buy in slowly. (TWTR) may prove to be one of the best stocks of 2014.

     

    My mantra is think about the long term. Don't be worried about the day to day, or even month to month. Ten years from now, the markets will be higher. Those dividends will keep rolling in. Look back to 1980 or even 1990, to where we are today. We have see volatility, but if you stayed out of the market after 2001 (the tech bubble burst) or 2009 (financial melt down) that would have been a huge mistake. I look at market downturns as big opportunities.

     

    Also, you asked me about emerging markets. Well, I don't want to buy ETFs or mutual funds for that. Instead, I expect to benefit from emerging markets with companies like (MCD) (KKD) (DNKN) (AAPL) and even (FL). US companies that sell all over the world.
    2 Jan, 11:16 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Let the correction begin !!

     

    Great start to the New Year huh.....hehe
    2 Jan, 04:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Precious metals off to big start in 2014

     

    Gold is having its biggest day in three weeks, up 1.8% to $1,224 per ounce, and silver is higher by 3.3%, with optimism about boosted demand from Asia as good of an excuse as any for the rally.

     

    Chatter from India about the rate hike cycle not just being over, but about to go into reverse is helping, as is a New Year's Eve move by the RBI to loosen control over gold imports.
    GLD +1.7%, SLV +3.1%

     

    The miners get off on the right foot in 2014 as well: GDX +3.8%, SIL +3.3%.

     

    I am making my move at the half way mark of this portfolio race. I love closers !! Giddyup (NUGT) giddyup !!
    2 Jan, 04:15 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    I think people who look at gold price movements over the span of a day, week or even months don't understand the long-term value of the metal.

     

    It is best to consider the amount of gold mined and traded vs. the number of dollars brought into existence each year.

     

    Dollars are currency that loses value with each new dollar conjured up @ the Fed.

     

    Gold is money whose value doesn't change over decades or even centuries.

     

    That is what makes it special.

     

    A pile of gold coins in a safe is equally value in 1714, 1814, 1914, 2014, 2114 and so on.

     

    No counterparty risk.

     

    No politicians.

     

    No compromised bankers.

     

    Its just you (plus your family, and descendents) and your wealth.

     

    What about productive, growing businesses to invest in?

     

    Well, that is for the other 90% - 95% of your wealth.
    3 Jan, 08:44 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    Most people don't want gold. They want "stuff", which is bought with dollars. Gold will be "money" when most people want to buy "stuff" with gold.
    4 Jan, 01:00 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Try to give someone gold and see if they say "no".
    4 Jan, 07:32 AM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    DVL:

     

    Sure. Tell you what, you head down to your local Walmart, Target, Nordstrom, or chain of your choice and try to hand them some gold nuggets or shavings for your next purchase. Then, please do report back to the assembled multitudes here.

     

    Or, you actually could hand them a $20 gold coin for your next $15 purchase, and they would dutifully return a $5 Federal Reserve Note to you, as gold coins still are legal tender. Doubt you'll be making that transaction, however.
    4 Jan, 01:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » TACK

     

    True story, my dry cleaners guy took some silver instead of cash ..

     

    So a transaction did occur, although you are correct with major stores..But some private owners aren't against it ..

     

    Welcome back !!
    4 Jan, 01:22 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    Hey Tack Walmart sucks !
    4 Jan, 02:28 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    C:

     

    The relevancy being?
    4 Jan, 02:38 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    T Who cares ,Ever try to buy something made in China with a Stock certificate? No relevance in your analogy maybe.
    4 Jan, 03:56 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    C:

     

    Nobody claims stock certificates are money, as the gold crowd does, repeatedly, about gold. Gold is just another commodity, like any other on the planet, capable of increasing or decreasing in price at the market's whim (see 2013) and worth, as far as money goes, only what it can be converted into at the time of purchase.

     

    If one wishes to extol its virtue as an investment, fine, but any suggestion that gold is actually money is simply nonsense.
    4 Jan, 04:32 PM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    T,
    "Gold is just another commodity, like any other on the planet, but any suggestion that gold is actually money is simply nonsense. "
    Can you explain then why our Central Banks hoard gold and rather not aluminum or soja, copper, iron ore, rice, wheat, salt, sugar, coffee beans, oil, coal... ?
    You must know the answer since you sound so sure.
    4 Jan, 05:00 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    f:

     

    Once upon a time, rulers used to hoard salt. Yes, it was more valuable than gold. But, the "value" question is immaterial to the point of whether gold is "money." It's not, not at least any more, except as a legacy face value on previously minted coins.

     

    This much isn't debatable, no matter how wonderful one thinks the shiny metal may be.
    4 Jan, 05:05 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Tack, what is your point?

     

    Nothing you've written goes against anything that I've said.

     

    Gold dust and gold nuggets aren't legal tender and I've never said they were.

     

    What are you talking about?

     

    A $20 1 oz. gold American Eagle is worth ~$1,200.

     

    A hundred years ago it was worth ~$20.
    4 Jan, 05:24 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Sorry Tack, but gold IS money.

     

    It isn't legal tender in the U.S. (except for some U.S. gold and silver coins issued by the U.S. Mint) but legal tender is a FORM of money.

     

    Gold was money before the U.S. existed and it will be money long after the U.S. folds.

     

    Here...watch this and learn something:

     

    http://bit.ly/1cxQBSW
    4 Jan, 05:29 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Tack:

     

    Salt was (and is) a chemical compound that served an essential function in food preservation before technology rendered that particular use of it unnecessary.

     

    Salt wasn't hoarded because the ancients hadn't yet evolved enough to invent quantitative easing.

     

    Salt is not rare...currency is not rare...non-fiat money is rare.

     

    Rarity is part of what makes money inherently valuable.
    4 Jan, 05:35 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    DVL:

     

    'Try to give someone gold and see if they say "no".'

     

    No, at the store, your $20 gold piece is worth $20, not a cent more. It's value in gold content is another thing entirely and not related to its value as legal tender.
    4 Jan, 05:58 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    DVL:

     

    No, "gold" is not money, no matter how many times you say it. Gold coins minted by the Government are money, but only to the extent of the face value indicated on such coin. Don't believe me? Go to a store and try to get $1180 change for your $20 purchase, using gold coin.

     

    The "coin" is money, not the gold. The gold's value is something else.
    4 Jan, 06:01 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    DVL:

     

    Money is money because sovereign states say so. Neither dollars, pounds, euros, or yen are rare, but they're all money. And, gold is rare, as compared to those items, but it unequivocally is not money, as recognized legal tender anywhere (at least anywhere I can think). It can only be converted into money, and that conversion occurs at the current value unless one uses previously-minted gold legal tender, in which case its legal-tender value is its face, not a cent beyond.

     

    Why would you even debate this? It's a simple, easily-verifiable fact.
    4 Jan, 06:05 PM Reply Like
  • John Wilson
    , contributor
    Comments (1355) | Send Message
     
    DVL, Coins, Filipo, Tack

     

    JBT is right that people want stuff rather than gold. Most people are all about their immediate needs --they want to be able to buy stuff that they need RIGHT NOW at Walmart. They would never go out and forgo the possession of $1220 in dollars for one once of gold. (those foolish gold bugs, GOLD IS NOT BACKED BY ANYTHING!)

     

    So how is gold a store of value and what is its use?

     

    DVL says that in the end it will hold its value against the paper money:
    But if the dollar crashes or if it is replaced by something else like "The Amero" or a new world reserve currency or SDR based on a basket of other paper currencies, you will still be stuck with just another currency with new and different impressive graphics made with a different color of paper to exchange your gold for.

     

    So what is the use or purpose of gold, pms or valuable coins?

     

    I would say that gold's value is not only that it may hold value against the inflating paper currency of your country, but even more importantly, gold or universally recognized bullion coins allow one to move your assets to another country or place with more freedom/liberty (like the US used to be) and less "government gone wild" where it can be converted to assets in a new place.

     

    Gold is about the only asset you can use in this way.
    4 Jan, 06:22 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    JW:

     

    "but even more importantly, gold or universally recognized bullion coins allow one to move your assets to another country or place with more freedom/liberty (like the US used to be) and less "government gone wild" where it can be converted to assets in a new place"

     

    Sounds swell, but even that isn't possible on a practical basis unless one can figure out how to smuggle one's coins/bullion out of the country and into another. There are already myriad restrictions on import and export from various countries, and in time of crisis these would likely be made more draconian.

     

    In essence, one must store one's gold at the place one decides in advance one wishes to be.
    4 Jan, 06:33 PM Reply Like
  • John Wilson
    , contributor
    Comments (1355) | Send Message
     
    Tack
    Exactly: one must decide in advance. The devil is in the details.
    4 Jan, 07:17 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    @ T
    Then the Stock certificate is worth how much based on the same measure ?
    So, even if you are in a Walmart and have a Walmart stock certificate ,you can't buy anything with it. The difference in the analogy you have doubled down on ..................... ENTER Mark Dice http://bit.ly/194O3AR
    4 Jan, 08:28 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    After months of trying to sell his one ounce gold coin on the street, Mark Dice has finally cashed in his coin, proving to YouTube viewers that authentic gold really is worth a lot of money.
    Media and political analyst Mark Dice has never been shy about his views. From mailing his garbage to Glenn Beck to screaming at Black Friday shoppers, Dice has been outspoken and even controversial in the eyes of many.
    One thing he has advocated throughout his work is sound money

     

    This is from March ,2013
    Read more: http://bit.ly/1e7Gqa9
    4 Jan, 08:30 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    Mark Dice at Walmart
    http://bit.ly/1gzqwb3
    4 Jan, 08:39 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    DVL,
    I'm afraid he doesn't really understand Gresham's Law
    4 Jan, 08:51 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    Tack is right about the freedom to move your coins.I explained this to F&G once and he dismissed the Capp's Law that is part of the Obamacare ever-changing "rules ". There is a limit of about 7 oz. you may take with you to another country. It's not gold's fault ,it's bad government's. Ronald Reagan said that when we lose freedom here in this great country ,it will be lost for good around the world. (paraphrased). He spoke correctly about the future of our country and I wish he would have been wrong more. Just thinking out loud.
    4 Jan, 08:58 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    What are there legal ramifications if I would sell (or buy) a car from a private party for silver or gold coins @ face value, since they are legal tender? How about a house, or an airplane, or whatever? Is that "legal"? Could I sell my car (crappy, but dependable car) for say, 50 Morgan silver dollars?

     

    Serious question.... Is there some loophole in this that would allow taxing authorities to swoop in and slap you with a fine?
    4 Jan, 09:05 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » JBT

     

    If you owed no money on your home, car, plane, you can accept anything in return for it ! Now if you had a loan , as of now all the accept is money:)

     

    However, i read where you have banks out in the Midwest that will actually give you the current price of the metal and convert that into money for you. In fact they will buy your gold and give you a debit card for that days gold price..
    4 Jan, 09:19 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    IT,

     

    I was wondering about the 'legality' of it.... Like if someone had a stash of silver dollars from whatever source - metal detected, found a bug's stash, grandmas's attic, etc... How would a sale be looked at for say a house sold for $7,500, if it was paid in 7,500 silver dollars?

     

    I'm just wondering if some "authority" would come in and say the sale had to be valued at the price of the metal, not the face value...

     

    Not that this scenario would ever play our, or anything... I was just wondering how the gubmint would view it in re: taxes.
    4 Jan, 09:52 PM Reply Like
  • Ninja Trader
    , contributor
    Comments (910) | Send Message
     
    Why couldn't you just mail it?
    4 Jan, 11:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » JBT

     

    AS long as you pay the mortgage off in cash your fine !I am sure they would value the silver at market value...imo..

     

    Good question though.

     

    So i guess you are a silver bug after all huh ? You dirty dog !!

     

    Yeah, grandmas stash in the attic ...:)
    4 Jan, 11:48 PM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    T,
    "No, at the store, your $20 gold piece is worth $20, not a cent more."
    You must be frequenting the wrong stores.
    Quite recently a Bejing woman bought a Maserati with her handbag full of gold. It's been a popular video on Reuters.
    5 Jan, 06:20 AM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    T,
    "Go to a store and try to get $1180 change for your $20 purchase, using gold coin."
    Again, wrong stores you're frequenting, my friend.
    Try a brothel or a luxury goods warehouse, they'll surprise you.

     

    Harrod's f.i. is renowned for accepting everything that shines as gold. They even have a special electronic device to figure out whether you hand them over the genuine stuff or tungsten.
    And Swiss luxury watch stores are eager to lay their hands on your gold when you come in and buy their Constantin Vacheron or whatever fancy sounding overvalued watch brand they try to sell you.
    But of course, if your purchases are limited to Chinese Walmart trash, you have to pay with common paper money, I agree. In that case, you go first with your gold to a bank and do the change, as I have to do every time I visit the US with my euros.
    Are euros money ?, I hear you thinking now.
    5 Jan, 06:34 AM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    f:

     

    Please post the link to this "popular" video.
    5 Jan, 06:36 AM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    T,
    "There are already myriad restrictions on import and export from various countries, and in time of crisis these would likely be made more draconian."
    That's what Indians are faced with nowadays and according to Bloomberg the smuggling flourishes well.
    Courriers loaded with gold at all imaginable and rather not imaginable places of their body daily cross the lengthy Indian borders to dodge the Indian customs.
    If Esperanto is the universal language than gold must be the universal currency: Currency-Without-Borders to mimic Doctors Without Borders.
    5 Jan, 06:56 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Tack:

     

    You are confusing "face value" and "worth".

     

    The FACE VALUE of a $20 1 oz. gold American Eagle is $20.

     

    The WORTH (currently) is about $1,200.

     

    It is the reason why quarters are no longer mostly silver.

     

    Slapping 25¢ on the face of a quarter dollar doesn't decrease the WORTH of the silver content of that coin.

     

    If you went into Wal-Mart and tried to pay your $19.56 bill with a LEGAL TENDER 1 troy ounce $20 face value American Gold Eagle then the cashier should take the coin, give you 44¢ change, take a $20 bill out of their own pocket and put it in their cash drawer then pocket the gold coin.

     

    Why?

     

    Because the WORTH of that $20 gold piece is ~$1,200.
    5 Jan, 08:45 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Me pointing out that gold is money does not make gold money. Gold had been money before you and I were born or even our great-grandparents parents were born.

     

    I think you are confusing "currency" with "money". Currency and money have many similarities except currency is (usually) issued by a government or governing body and it doesn't hold value over long periods due to inflation.

     

    Government's can't decide what is and isn't "money" because money exists before governments. Government's DO decide what shall be legal currency.

     

    Here...read this:

     

    http://bit.ly/1eaDMAw
    5 Jan, 08:55 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Dollars, yen, euro, etc. are currencies issued by governments. We call them "money" but they are, indeed, currencies.

     

    No fiat currency holds value over time.

     

    MONEY holds value over time.

     

    This isn't a theory.

     

    Perhaps this can help you...

     

    http://bit.ly/1g9ynLz
    5 Jan, 09:01 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    CoinsK:

     

    Few people do...
    5 Jan, 09:07 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    No, it is perfectly legal as it is legal tender.
    5 Jan, 09:08 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    The government can't fine you for paying (for example) a $20 bill with a $20 (face value) piece of currency no matter the metal that currency is made of.
    5 Jan, 09:10 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    For the record I am not calling for a currency crash. I think the global dependence on fiat currencies will continue for decades.

     

    But it is an economic impossibility for our current world-wide currency printing spree to NOT spark inflation and currency deterioration as it is impossible for newly invented units of an object to INCREASE the value of each old unit.

     

    I will hold gold (a timeless form of MONEY) until alchemists figure out a way to print it at will.
    5 Jan, 09:17 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    DVL,
    Thanks for the clarification, & For the record I'm not calling for gold to go to zero. My view is simply that when we get that sniff of inflation and IMO when the macro trends and the macro environment changes ,there will be plenty of time to use gold or gold stocks to add to your bottom line..

     

    For me, I just choose not to have a position that will sit around now as a non performer, i treat it like any other stock or bond position i may have..

     

    That has been my view on the PM market ever since it entered into bear territory,, as i believe i demonstrated that it doesn't provide insurance for anything... If i'm viewed as a gold or PM basher so be it.

     

    Happy Investing
    5 Jan, 09:33 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Fear&Greedtrader:

     

    Your last comment is what I'd call a rational opinion against gold.

     

    If you keep posting comments like this I won't be able to call you a gold basher anymore! :)

     

    I don't think gold is the answer to all of life's problems and I don't subscribe to the "world is coming to an end" theories of many gold enthusiasts.

     

    But I think everyone should at least CONSIDER a small holding of gold and silver that (at worst) can be passed on to their children.
    5 Jan, 09:37 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    DVL,
    Fair enough -- My conviction to a certain strategy , gets as emotional as someone that tells me that the "end of the world is near' .

     

    Happy Investing !
    5 Jan, 09:56 AM Reply Like
  • John Wilson
    , contributor
    Comments (1355) | Send Message
     
    Coins:

     

    How about shipping or sending PMs or coins by private courier? Even by FedEX?

     

    I would never try to "take it with me" into another country through customs in the airports as airports/customs are Constitution Free Zones. Everyone who goes through customs is either a potential terrorist or a potential drug mule to the blue shirted 'thorities
    5 Jan, 10:36 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR

     

    The worlds not ending? What do i do with all this toilet paper i have been hoarding.??

     

    To me , running out of charmin would be the worst thing that could happen? lol

     

    JBT

     

    That Green Bay today will be a cold one huh? Wife said she would never , ever sit at a game that cold!! Looking forward to watching it !
    5 Jan, 11:28 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » JW

     

    Ever consider swallowing them in a baggie? You know what kind of baggie i mean?? But i guess the x ray machine would pick it up anyway !

     

    Sending it Fed Ex would scare me as i am sure somewhere along the line that package would go AWOL...
    5 Jan, 11:31 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » DVL

     

    I hold the very same position. Own some, if not needed pass it along to the next generation...Simple !!

     

    FEAR is not a gold hater. To him he's a realist investing money to make a profit now. I, maybe incorrectly , hold some for insurance..

     

    But my drones do watch after my stash just in case .. lol
    5 Jan, 11:34 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » This Avi 's comments make my head spin. Is it me or is he just talking out both sides of his mouth ?? I understand he feels gold will drop in price, but just read how that might occur.

     

    No wonder he can yell "I NAILED IT"

     

    " Well, one way or another, the metals are going to hit lower levels in 2014. Currently, I am still tracking the set ups which can take us to the 136-140 region in GLD before we target the 100 region, which I have been warning about for weeks now. But, remember, even if we do get that break out towards the 136 region, it is just a set up for a bigger short trade to the 100 region. And, yes, that is why I think this will be the YEAR THE BULLS DIE. This set up will likely put hope back into the metal bugs and bulls (and even the CNBC pundits, who will likely become bullish near the top) only to have them wiped out, and potentially capitulate in 2014. And, that will finally set us up for the real rally we all want to see.

     

    However, if we cannot set up to get back to the 136-140 region, then the bulls may simply die a slow death of 1000 cuts as the market meanders up and down over the next few months until we reach our 100 region in the GLD, with each small spike higher giving the bulls hope, while they get dashed with a bigger spike lower. Sure does not sound like a lot of fun for the bulls, unless they really understand what is going on."

     

    SO IT WILL GO DOWN, BUT IT MIGHT GO UP BEFORE IT GOES DOWN....THEN WE WILL CAPITULATE AND HEAD HIGHER !!.....wow...
    5 Jan, 01:40 PM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    T,
    OK, I was wrong: it wasn't a Maserati, but a Bentley instead.
    Can't find the Reuters video back since you have to have the exact words of the title otherwise they don't present it.
    However I googled it and here's the story from a different source:

     

    http://bit.ly/1dnxYC9

     

    http://bit.ly/1dnxYCa

     

    The Bentley had been contaminated in my mind by Maserati through this other story:
    http://onforb.es/1dny0da
    5 Jan, 01:53 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FILIPO

     

    If this story is true then this opens up a whole new can of opportunities..

     

    Coming to a country near you soon??
    5 Jan, 02:20 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    IT,
    He's just laying out the technical picture of how the GLD chart looks..
    IMO he is correct with the scenarios that could play out. If in fact gold doesn't rally to 1350 -1400 or so from here it will be slow march lower until it finds its resting place , perhaps 1,000 ...

     

    At the moment there is plenty of resistance at many levels the first being 1300 ...
    5 Jan, 02:31 PM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    IT,
    I see no reason why this story would not be true.
    You can google it and have it from other sources as well.
    I'm surprised though that you are so surprised by it.
    For us it's almost daily business: in Switzerland, Paris, Cannes, Monte-Carlo, London, Rome, Amsterdam, Madrid... there are no luxury goods shops that would refuse your bullion as legal tender. And they are perfectly aware of the rate at the minute.
    5 Jan, 03:08 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    Sorry i just don't see the average "soccer mom" , flashing a bag of gold bars in the U.S.

     

    looks more like a publicity stunt than anything else..

     

    & did i miss that gold was use to buy anything in the last link? I didn't see a reference to it ?? i even tried the "find " feature for the page and the word "gold" did not appear..
    5 Jan, 03:19 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    DVL:

     

    I'm not confusing anything.

     

    I fully understand gold's current value, just like anything else has value. It's just that the gold, itself, isn't money, as your own example confirms. It's the minted imprint on the coin that is the "money" and it's independent of the material making up the coin, be it gold, silver, copper or zinc.

     

    Gold is a commodity and has its price. It's not money unless a government says it's money. It only becomes money if it's minted into money or otherwise sold and converted into some other legal tender.
    5 Jan, 04:12 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    I'll back off the gold bashing accusations but I've seen a lot of that on SA since 2011 from others and I always ask myself where were these people when gold went from $400 to $1,850?!!
    5 Jan, 04:29 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    Tack:

     

    You keep confusing "currency" with "money".

     

    It is like when people confuse "effect" and "affect".

     

    Government's issue currency. Most of us call units of that currency "money".

     

    But ACTUAL money MUST RETAIN ITS VALUE OVER TIME to be called "money".

     

    Sometimes in the English language we use words to mean something even if technically it is incorrect. It is pretty common.

     

    Check out Article One, Section 10:

     

    :::No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.:::

     

    This may help you understand:

     

    http://bloom.bg/1gAfpi5
    5 Jan, 04:35 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    DVL:

     

    Money doesn't have to retain its value to be money, and it usually doesn't, especially fiat money. But, that doesn't disqualify it in any manner from being money (currency, the same thing).

     

    Gold may have value, may be treasured, may be worshiped, may be loved, but it isn't money, as in legal tender, unless some government says so. Any other transaction involving exchange of gold (not coinage) is simply barter.

     

    I think we've beaten this to death. I doubt any gold aficionados will care in the slightest whether gold is or is not money.
    5 Jan, 04:41 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    *sigh*

     

    Money and currency are NOT the same thing but often serve the same purpose in many situations.

     

    But that does NOT mean they are the same thing.

     

    I think this may help fix your confusion about this subject:

     

    http://bit.ly/1gAfDWB
    5 Jan, 04:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » TACK

     

    You were out of town. Some are interested in your choice of the "home run stock" of 2014 as well as the dud of 2014?

     

    Would you mind answering it?

     

    Thanks!
    5 Jan, 06:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FILIPO

     

    I was surprised because in the USA the only place where i saw a vendor take gold or silver over fiat money was my Dry Cleaners.

     

    He is from the East so he was very happy doing so, and told me he would do it any day again. Other then him i haven't seen any transaction without a conversion over to fiat.

     

    You educated me about other countries doing it as a daily business to be honest. But i am not a gold bug, just a holder of a small % of my portfolio.
    5 Jan, 06:15 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR

     

    But he seemed to lay out EVERY option so that he can't be wrong. That's the way i read his article..
    5 Jan, 06:16 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    IT:

     

    Unfortunately, my reply is likely to be a letdown to anybody awaiting some prescient guidance.

     

    My investment style relies on systematic appraisal of generally high-yield securities, looking for undervalued situations. It is broadly diversified and makes no "home run" bets on high flyers, either long or short. So I really have no decided opinions about "go-go" or "went-went" issues.

     

    I guess, on a general basis, I would not favor any runaway techs, or any issues that had far-above-market performance in 2013. I would be attracted to sectors that have languished, e.g., floating-rate and muni bonds, selected banks, energy, commodities, emerging markets (Brazil/Chile) and still, Europe.
    5 Jan, 06:32 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    IT,

     

    Technical analysis is dynamic in nature a lot of " if this, then that" and can change quickly,, a mentor of mine once told me charts work -- until they don't ;)

     

    I try to use them with other factors to form an opinion, positive or negative..
    5 Jan, 08:01 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR

     

    Ok, that makes sense. In fact better sense then just saying the chart told me so. Although my "IT FIB" charts are pretty accurate.:)
    5 Jan, 09:01 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » TACK

     

    I always believed in buying undervalued companies as well. Hence i used Mutual Funds that would concentrate on those in the past.

     

    Is there ONE undervalued company that you are following closely now?
    5 Jan, 09:04 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    IT:

     

    Well, I am still high on SAN.

     

    Others meriting analysis, I believe:

     

    VALE
    PBR
    POT
    SID
    TEF
    CH
    RBS
    FRA
    5 Jan, 09:12 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    The "dogs of the dow" ---- a simple , " time to get started" strategy for those that need to get in on the secular bull market...

     

    http://seekingalpha.co...
    2 Jan, 04:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » I just read FEARS blog and it makes sense. But then i wonder if it is indeed a cash making group , the digs, why hasn't anyone developed an ETF for them??

     

    Maybe they are just dogs??:)
    2 Jan, 07:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Nope, the sky is falling on those who think the markets are headed to the stratosphere..

     

    10 to 20% correction is showing up on my IT FIB charts !!!

     

    DAY 1, MY crystal ball is correct. The markets are down and the metals are up. Didn't check Twitter though:)

     

    So i am going to sound like Avi and say " I NAILED IT !!" :)

     

    Can anyone explain why the leader of the challenge going into 2014 is a metals guy?? Just sayin...
    2 Jan, 06:16 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    TWTR up 6.5%
    2 Jan, 06:19 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    IT,

     

    I heard that story all thru 2013 ,, shall we revisit the vidoetape ... ??

     

    Do we really need to rewind the 2013 commentary ?? My blog has it all documented for those that wish to take a look -- along with thoughts on '14
    http://bit.ly/ZuafPa
    2 Jan, 06:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR

     

    You were right last year, kudos to you..But this is a new year !!

     

    No need to rewind any tape, if you didn't sell you made no profit...ONLY a paper one!!

     

    2014 is gonna be interesting for sure ..Maybe people were off a year?
    2 Jan, 06:40 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    IT,
    u haven't been reading my blog .. profits have been booked throughout the year -- its all there..

     

    Now lets not go down the road that all of us equities guys are going to lose it all when the worm turns ... BUT it Seems the gold folks can say that since their paper profits @1900 are now gone... as we know no one ever sells their gold positions ..

     

    I debunked the "stocksters lose it all theory" and showed how to practice risk management in my blog also..

     

    & now we hear the same folks now want to say well it's gonna happen THIS year.. Hmmm i find that interesting , well i do know one thing ,those that said that last year have no paper profits to worry about ... I'll stand by my words of LAST year when i was roundly questioned & criticized by some with the secular bull theory.. -----

     

    "those guys will be right some day "- it isn't now.. So let the critics have at it -- LOL

     

    Enjoy !
    3 Jan, 12:53 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR

     

    I wasn't questioning your profits,I do read your blog. I am questioning mine and others. The few stocks i did not sell have nice gains, yet they are paper gains. Sorry if you misinterpreted my comment.

     

    I am sure you know plenty of people who haven't sold ,including me!! I am adding to some positions as you know i have PM'D you for advice which you gracious gave,

     

    You have to keep in mind i have to play moderator here as well to ignite conversations too :) Gotta be the bad guy once in a while..lol
    3 Jan, 01:36 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    IT,

     

    Understood :)
    3 Jan, 01:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Gee, THANKS AL....I thought i just saw it was down ..Maybe that is the after hours market..

     

    Well i got plenty of time on that one to implode...

     

    But "I NAILED IT" on the other two !!

     

    My IT FIB charts are pretty accurate. I have quite a few waves to figure out though....
    2 Jan, 06:30 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    With the little Bird i'z thinks it's more who they know than what they know.
    Your right after hour's nominal at worst...o.k.
    2 Jan, 06:39 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Shucks...

     

    I just went to dig up my stash to check on it. The ground is frozen and some kids moved my markers as well. Add to that we now have a few inches of snow.. 17 degrees out isn't helping me either.

     

    Gonna have to buy one of those metal detector machines that those folks use on the beach. Think it will look funny walking around my property with it ??
    2 Jan, 06:35 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    IT,

     

    58 & cloudy in SC today .... :) forecast 69 & sunny for sunday ,, just sayin
    2 Jan, 06:41 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR

     

    I am coming, i tell you , well have dinner one day soon !! God i hate the cold..

     

    Forecast for Monday or Tuesday is a balmy high of 9 degrees. You think i lived in Green Bay !!

     

    Can't sell my PM'S even if i wanted to !!
    2 Jan, 07:00 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    IT i was not kidding about a big telecom and a search guy.
    I have to do more home work on it but it is a gigabit battle,owning the wires would give a big advantage.
    2 Jan, 07:18 PM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    Way to Go Gamecocks .Great BowlGame. !
    2 Jan, 09:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » @AL

     

    Looking forward to the homework !!
    2 Jan, 09:10 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    Homerun Stock for 2014-

     

    GALE- Galena Pharma, Inc.

     

    It is worth doing some homework on, in my opinion.

     

    Happy 2014 everyone.
    2 Jan, 08:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » @DEER

     

    Was that Corzine shoveling your walkway??

     

    Or is he really Johnny Football??
    2 Jan, 09:20 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    -6 in my neck of the woods right now...I would pay Mr. Corzine handsomely to shovel my walk...and my driveway/road...
    Johnny Football played far too well to be Jon Corzine...
    3 Jan, 08:32 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Ah but can Johnny Football do the same in the pros??

     

    I am not so sure.
    4 Jan, 12:18 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    Johnny Football can not and will not do the same in the pros. While college football is played at a much faster level than HS, the jump from college to pro is unbelievable.
    I would love to see him continue his remarkable play in the pros, but I don't see it happening.
    4 Jan, 02:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » DEER

     

    Can you imagine the offensive coordinators face once Johnny decides to tuck the ball and go scamper downfield with it? Those 30 year old LB'S will be looking at him like a fish out of water..
    4 Jan, 02:59 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    Thanks DC,have more snow blowing to do myself,GALE tks.
    2 Jan, 08:29 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    al roman,

     

    Plowed and shoveled three times today...more snow falling...wind chill is brutal...I love western NY !!!

     

    SA's Regarded Solutions has a few articles on GALE...could be worth a look...

     

    Have a great evening.
    2 Jan, 08:38 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    From what i see it is something similar to adapto genetic's which rehabilitates the actual gnome ,with our current health care crisis we really need a modern causative approach,what an honorable investment.Amazing that free radical rancid fatty acids actually have a radiological effect on the gnome,that's just one thing we need to grow up about.
    2 Jan, 08:51 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    Galena Biopharma Homepage

     

    http://bit.ly/1a4WYAI
    2 Jan, 08:55 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    Reclast is a standard now,Osteoporosis.
    2 Jan, 09:55 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4329) | Send Message
     
    Hi! Happy New Year everyone!

     

    BSF & Fear thanks for the answers. Very helpful. I came up with a slightly smaller number, so good to know I'm in the ball park. Got home too late to buy at end of today (IBM) and (TGT) -- extended hours prices weren't good.

     

    I've also been trying to find where Tack & User7's comments were about CEFs and the like. Very insightful ... and I wanted to read again & explore.

     

    Wondering too if Tack's changed his views with the last few weeks of movements & positive economic data. Commodities still slow enough to make deflation a possibility?

     

    My world's gotten crazy again, especially the next few weeks... so I'll keep my writing short today. (Sleep, would be so nice today.) However, I really appreciate the details (you know me, I'm into details.)
    2 Jan, 09:36 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    LMH:

     

    Been enjoying two weeks at our annual family Christmas confab in Monterey/Carmel, CA. Presently, at 33,000 feet heading back to home in Sarasota.

     

    I'm not sure which views it is to which you refer, but I am presently about equally spread between equities and preferred/debt issues, mostly floaters and convertibles. I tend to think a variety of interest-rate-related issues are oversold and modestly attractive, and I like banks, energy, commodities and Europe. Also, I see Brazil and Chile as beaten to a pulp, but the values appear to only get better, as prices keep dropping.

     

    Although I am never a technology, Internet and go-go buyer, just by instinct I think a lot of these issues are now in the "went-went" category.

     

    After 2013's great rise, I am wanting to stay balanced between issues that will benefit from continued growth (banks, energy, commodities, Europe) and income issues, which feel into disfavor in 2013 and which will attract capital, again, if the market shows any weakness.

     

    If I can address any more specific questions, just itemize.

     

    Somewhere over Mississippi.....
    2 Jan, 10:40 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » TACK

     

    Any idea of what timeline is the deadline to add funds to a ROTH account?

     

    Is it the calendar year, or tax time. Dec 31st vs April 15th. ??

     

    Was considering adding funds to mine ,but being self employed not sure what year it takes into account the income.

     

    open to anyone who knows !!

     

    Thanks
    3 Jan, 12:52 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4329) | Send Message
     
    @IT
    Deadline for adding to 2013 Roth is the 2014 first tax submission deadline (around April 15th). I've done it that way may years.

     

    The IRS site has details. I'm not in the mood to google (the IRS), but if you are :). Other sites will have details too, like Vanguard's help. Plus if you have an account, they'll answer all sorts of questions over the phone. I tend to try adding sooner rather than later, to get the year's gains. Which reminds me that I should be adding to mine! Thanks.
    3 Jan, 09:26 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » LOMAH

     

    Thanks, getting my tax accountant on the phone now is worse then getting JBT to post anything!!

     

    Where has he been? I think i saw him in line at the coin shop...
    3 Jan, 09:29 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    Aside from licking yesterday's wounds, I've been doing month and year-end paperwork. For having not a lot of money, I sure have a lot of spreadsheet tabs to track it. ;)

     

    Go Packers. ;)
    3 Jan, 09:40 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4329) | Send Message
     
    @ IT

     

    I meant if you have an account with Vang they answer things, more than I expected. ...not that your accountant is anywhere anywhere to be found...
    3 Jan, 11:09 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » LOMAH

     

    My bad, i read it wrong...Thanks for the info though..
    3 Jan, 12:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » JBT

     

    Packers game gonna go down to the wire. I am guessing San Fran will win it though.

     

    You have a pre game tailgate at home?? Roast any pigs or something else?
    5 Jan, 06:19 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » JBT

     

    You see, my *IT FIB* charts called this one ! I NAILED IT, even stating it would go down to the wire.

     

    Now does SD upset Denver next week? My charts are starting to compile the data to make the decision. I will have it by Friday !!

     

    NOTICE I USED THE WORD GUESSING THOUGH :)
    5 Jan, 09:09 PM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    My take is that global economy is going to plunge in 2014.
    Growth will be dismal, ca 2.7% to the most.
    Europe will be a pleasant surprise though.
    Gold will gain traction from these depressed price levels although $1,500/oz will be somewhat the limit.
    Social and financial polarization will prevail, not only in the US, but globally as well. That will be the main cause for dismal growth.
    QE will be enhanced in the US at 2014 year's end.
    Janet Yellen will no longer wear her golden necklace when confronting the public:
    http://bit.ly/KnR2sz
    3 Jan, 03:47 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » @FILIPO

     

    "Janet Yellen will no longer wear her golden necklace when confronting the public"

     

    Rumor has it that she bought it at reputable NYC jewelery store and it turned out to be tungsten...No wonder she declared real gold an asset class. She felt like an ass@@ !!
    3 Jan, 08:54 AM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    IT,
    LOL !
    I heard from Koos Jansen that the PBoC and also the vaults of Shanghai and Hong-Kong smelt every oz of gold that they acquire. Since they had a tungsten bar delivered from NY in 2009, they're on their guards.
    2014 might get very interesting for the physical gold market. Already now premiums in Europe are at all time highs.
    3 Jan, 11:50 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Eric Parnell wrote an interesting article today that i am sure some might want to comment on..

     

    http://seekingalpha.co...

     

    Can't wait to hear some feedback..
    3 Jan, 01:46 PM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    IT,
    Great link to a good article by Eric Panell.
    In large I agree with him.
    More then ever it will be politics who are going to decide over equities & gold.
    3 Jan, 02:47 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4329) | Send Message
     
    Grrr, I saw (RAD) up in pre-hours so sold at small profit $60. But didn't check first for news -- their earnings were out. I missed out on $400 profit. ....lessons learned.... (which is why I'm posting).
    3 Jan, 09:44 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » LOMAH

     

    It is refreshing when someone posts a mistake, although i never consider making ANY amount of money a mistake..Do that every trade and you will be just fine..

     

    But your a day trader now huh? Got 10 screens working at the same time ?? hehe
    3 Jan, 09:53 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (1736) | Send Message
     
    IT, just do whatever trades Coins is doing, he's psychic when it comes to the price of silver!

     

    Husband went out to shovel, but someone plowed out half the driveway. Now we just have to get the snow off the cars. No wind here yet, it's a gorgeous bright sunny day. My sister on Cape Cod says there isn't a lot of snow but the winds are 45 mph. Meanwhile, back in the great frozen upper Midwest, they would love to have my NJ weather!

     

    IT, my bro is bummed that he didn't get into the game last year. Never too late, just buy in slow. Some companies still have beat up PE ratios. Check out (DE) & (LO). My (PTY) is doing okay, nice 8.9% return and we got a year end bonus too. Other company that I should have bought last year (BA) Boeing. Wow is that a great company.

     

    Throw caution to the wind. Invest into the great companies over time, when they are priced right. Hold 'em forever, unless their dividend is cut or the company looks like it's business model is kaput. Which for the really great companies, likely won't happen. Enjoy the dividends. Make $ and learn to love volatility. That's when the real bargains show up, when every one else is trampling each other trying to get out.

     

    Happy trails! Oh, and please send me the treasure map for where you buried your gold….heehee.
    3 Jan, 11:41 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » BFS

     

    I have Alzheimers so i can't even remember where i hid that !!

     

    Boy, i need that machine you use on the beach for sure!! What a score someone would get if they found it...:)

     

    I still love my (PSEC)...
    3 Jan, 12:47 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    IT, agree on PSEC, collected div's for a year, then dripped for last 10 months while maintaining a little more than break even on my initial investment. Trades in a very narrow window, so using it now to accumulate div's to fund future purchases elsewhere. Nice 11% yield.
    4 Jan, 01:47 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    IT, did you happen to check out the nice article up on (PSEC) about their ability to continue their dividend.
    6 Jan, 04:25 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » CWINN, Yup and actually printed it out. Very detailed for sure. But overall still looks good for at least a year.
    6 Jan, 04:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » @CWINN

     

    Consider joining the challenge?
    10 Jan, 04:02 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    Which one is this?
    10 Jan, 04:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » CWINN

     

    http://seekingalpha.co...

     

    READ THE BLOG AND SOME OF THE POSTS. It might help explain the virtual game were having..if you need more info let me know..
    10 Jan, 06:38 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    Homerun Stock #2 for 2014-

     

    British Petroleum (BP)

     

    (not sure if I am allowed two homerun stocks, but I went with it)

     

    Looking at the OSU/Clemson game and enjoying a ice cold beer that is kept in the garage...benefits of below zero temps!

     

    Cheers
    3 Jan, 08:35 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    Sorry if I've missed it somewhere but what is your definition of home run? I'm interested more in GALE, the BP pick intrigued me too. Thanks.
    4 Jan, 01:39 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    The one I really like this year is HIMX. I still think it has room to run from where it is today. Should see increasing 2014 earnings. I got in mid summer and it's already run up 54%.

     

    Need it to offset some disappointing REITs.
    4 Jan, 01:54 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    I don't have an exact definition for a "homerun" stock. I believe that GALE and BP are wonderful stocks with room to run. I would put UPS, CSX, and DIS in this category too.

     

    I also would like to see HTA rebound.

     

    Wishing all a wonderful 2014.
    4 Jan, 02:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » @CWINN

     

    Definition of a homerun is different if you use steroids...Nah, just pick your best stock and well see how high it goes % wise in a year. I picked a loser homerun anticipating Twitter to implode one day..
    4 Jan, 02:54 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    Haha...

     

    I like several for the year. I opened a small position in TGT late November. I'm sitting even right now, but think once they get sorted out they should be pushing new highs. It's a long term hold for me with div's reinvested.

     

    As for my homerun, I really like HIMX. I sat around at the beginning of it's run last spring watching before finally jumping in. Like I said earlier I'm up 54% and I'm looking to be well over 100% this year. The heads up displays are popping up in gaming, cars, glasses just to name a few.
    4 Jan, 05:52 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » CWINN

     

    Thanks for the input. One favor, could you please bracket your symbols as you see others do. This way you can just your mouse over it and see the name of the company you picked..

     

    (TGT) (HIMX)
    4 Jan, 09:02 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    deer,
    love that pick,, over the long haul its a homerun
    3 Jan, 09:15 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    So good to see the bugs still get giddy when AU has 2 up days, after months and months of shellacking. ;)

     

    Ride them profits(?), boys & girls! :)

     

    A chart only a mother could love...
    4 Jan, 01:05 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » JBT

     

    Your silver went up in value too!! :)

     

    So i guess since you own silver you are now classified as a "silver bug" :)

     

    Seems if you own an ounce your a bug, so welcome to the club!
    4 Jan, 01:36 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    IT,

     

    Nah, not a bug at all. I'd sell it all for a 10% gain. On the silver I've actually bought, I'll be lucky to see break even by the time I die. My son, at least, will have a nice cost basis.
    4 Jan, 01:50 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » JBT

     

    I think you once told me you have some old pieces that you might have bought at $10 bucks an ounce. I would gladly give to a buck extra (10%) tomorrow for it :)

     

    Deal??
    4 Jan, 11:27 AM Reply Like
  • CoinsK
    , contributor
    Comments (3492) | Send Message
     
    So I will sell my Gold for a 10% gain,means I ain't a bug then . Yahoo !
    4 Jan, 02:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » COINS

     

    Haven't you read no one has made a dime on gold in the last 3 years ! Seems they forget about those who bought it years ago huh ?
    4 Jan, 02:56 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    IT & team,
    Who is our capitals utility provider ?
    4 Jan, 07:50 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » I give up who? Then why? Curious..
    4 Jan, 11:25 AM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    I think it is Dominion,the location and provision does seem to have a subtle sway,kind of implicit,25% a year and still a 25% upside through
    2014 ,they just completed a fuel cell generator in Bridgeport ct.with nu,uil all of which 20% a year to conversion and new construction,the numbers bare that out,D does say that LNG is just a bridge fuel,AMBT is involved with all this too...D,Duk,SO,SCG and co know how to ride as a team.
    GALE is important but it's like the presentation says on nuevax "Potentially"
    Make the right correlation's and all us guys can weather any storm.
    We are all looking for the right man for sec of E,The most responsible for that important office.
    4 Jan, 11:48 AM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    How you guys doing today.I think 2007 we have all,well anyway,glad i saw it coming somewhat,wow,wow...
    4 Jan, 01:32 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    Any thoughts on BAC move the last two days? As of close Friday I'm essentially even on my verrrryyyyy long position. First time since 2008 I could say that. I'm struggling with where it goes from here in 2014.
    4 Jan, 02:06 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    Cwinn
    technically (BAC) just broke out on huge volume to new levels .The uptrend is very much intact

     

    IMO , Fundamentally with the rising interest scenario as their backdrop the financials will do well in 2014-- and it's one of my fav sectors. My PT for (BAC) is 20-21

     

    my latest thoughts in my blog speaks to just that ..
    http://bit.ly/1lHa1u0

     

    and the names i like in '14

     

    http://bit.ly/1kIM5Zt
    4 Jan, 02:23 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    F&G

     

    Thanks. I too was thinking financials should have a good year. My problem with BAC is that I've DCA at $5, $8, & $12 just to get down to mid $16's that I'm a little heavy in my position. I'm glad to see you write $20-21. I was thinking mid $20's. I hate to wait around this long, then sell my position at break even to see it keep running. For now I'm sitting tight to see where it goes. Just wish they would get the dividend back. 4 cents is a joke! Thanks again for the links.
    4 Jan, 05:41 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    Cwinn,

     

    I have a decent position also, if u look at a LT chart there should be plenty of resistance right around 20 , a high made back in '10..

     

    I may add if it dips back into the 15 level , i do have a lot of confidence that it makes it back to 20 ..

     

    Best of Luck
    4 Jan, 05:49 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    CW,
    I'm stuck like that with Dang,i bought real high in then real low i'm close to even and it's Buy buy...
    About banks invest with them ! Follow them.You could get out even and decide on the fluctuation's.Let us know.
    FEAR interesting a consensus is building in that direction"Can you BAC that UP"
    4 Jan, 02:23 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    Anyone anticipating home building stocks (and related) to rebound significantly in 2014?

     

    I entered a very small position in CEMEX (CX) just before the New Year.

     

    I have been in and out of CX several times over the years....
    4 Jan, 06:19 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    A lot of assisted living projects in the works,correlates to healthcare and an aging population.
    Good evening,i will look at cx.
    GDXJ ?
    4 Jan, 06:30 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5712) | Send Message
     
    Brookdale Senior Living (BKD)- was so impressed with my mother-in-law's care at one of their facilities some years back, I added BKD to my portfolio. I did plenty of research into the company and liked what I saw.

     

    Good Evening to you, Mr. Roman.

     

    Go Eagles!!!!
    4 Jan, 06:37 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    WM hmm,Gale's nuevax is a necessary or at least the concept of a comprehensive treatment.More to go on this i believe.
    4 Jan, 06:43 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    IT & co.
    I am getting somewhere here,innovation in a plural sense will propel this market.
    4 Jan, 09:16 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    Bone & Lung cancer Are the most aggressive,must be the medium it establishes itself in,but tri peptides are a proven part of the modern panalopy,Super C alone is incredibaly aggresive against the skin c cell.To get these things right and the answers and solutions are their would save on our national health in double digit percentages,i actually worried about this whole scene 15 years ago.And have seen amazing across the board results when progressive objective people take the helm.Nuevax seems to be based on the effective combination of the tri peptide.
    5 Jan, 09:22 AM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    It's amazing now that the establishment recognizes the intelligence of niacin and its ability to even reduce inner diameter plaque which is suspected and probably a cause in dementia and Alzheimer,no medicine is 100% inert,you are what eat.
    5 Jan, 09:53 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » AL

     

    You seem to be very interested in medicines. In my blog description i have two people that would be interested in your ideas. JW AND FOCAL.

     

    You might want to check them out !
    5 Jan, 11:41 AM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    DC,
    I really,hope this one misses you,I'm looking at the radar again !
    5 Jan, 03:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » OK, IN A ROTH ACCOUNT CAN YOU TRADE AS OFTEN AS YOU LIKE ?

     

    I am self employed and i always had Mutual Funds. Now that i am branching out and picking stocks or ETF'S on my own are their limitations?

     

    Thanks !
    5 Jan, 06:21 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    Good question,lets follow through on this one,you are better off.
    Sector allocation.I'm listening.
    5 Jan, 06:35 PM Reply Like
  • User 7415181
    , contributor
    Comments (749) | Send Message
     
    IT,

     

    I know with my Vanguard Roth I can trade Vanguard ETFs free (I think there is a limit per month or week how many times you can do it for the same one). Individual stocks or other types of funds can be traded for commisions.

     

    I think Mr. Roman's comment merits thinking about, though.
    5 Jan, 08:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » USER

     

    Thanks, i will be calling Schwab to ask . However i do ask these questions on this blog for others to see as well.

     

    Lurkers like to see what we have to say. I still try to draw them into the conversations but it is their choice..

     

    Did everyone notice we have a new participant in our challenge? I hope she participates as well with our chapters. Seems she has plenty to offer us.
    5 Jan, 09:15 PM Reply Like
  • John Wilson
    , contributor
    Comments (1355) | Send Message
     
    IT

     

    Schwab will let you make trades as frequently as you want in your Roth. However they have a number of "Free" or No Commission ETFs. There are a lot of opportunities to trade free with ETFs - look under their ETF screener and look for "No-Commission" icons. Otherwise it is $8.95.
    6 Jan, 12:48 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Thanks JW ..
    6 Jan, 08:44 AM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    Every house has a different style,Most brokers do prefer the client tell them and their long term winners.The least said and the more made the better they like it,with an experienced client they will advise if they have too.
    Most do really want long term progressive holds...
    5 Jan, 08:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Thanks AL !!
    5 Jan, 09:16 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    IT,
    I just realized something,Where i am at i have been with them so long
    It's become like an old church member.

     

    Thank you IT,Good question on BDC's
    6 Jan, 02:47 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » AL

     

    Do you sing ?
    6 Jan, 08:45 AM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    IT MNKD is up pre Markets 3.53% .
    6 Jan, 08:46 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Al

     

    Would you mind bracketing symbols for me? (MNKD) ....Also as a favor can you explaain why you like the company since you stated they are up 3.5% pre...

     

    Thanks!
    6 Jan, 08:48 AM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    No,always the front row though and on time.
    (MNKD) IT,the bio techs are definitely working for universal solution to our overburdened health care system and (MNKD) work with Sugar overcharge is hopeful.
    6 Jan, 08:59 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » In a low interest rate environment what can decrease the share value of BDC'S??

     

    Any one have some suggestions??

     

    Thanks!
    5 Jan, 09:29 PM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    BDC Business Development Company,BDC is the symbol for Belden Inc,GS function in part as a BDC, O.K...
    6 Jan, 08:29 AM Reply Like
  • al roman
    , contributor
    Comments (6726) | Send Message
     
    IT,Good morning
    The answer could only be a stop in product demand or a cash flow or a cash flow problem,Revenue does't keep up with cost,we have to get the revenue and allocate,0 balance then work out a profit margin.
    7 Jan, 08:08 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Seems my "IT FIB" charts are on target. Markets still dropping while gold and silver still heading north..

     

    Time to bail out and lock in profits !!

     

    ISM Services: New Orders contract first time sine July 2009
    Jan 6 2014, 10:24

     

    Treasury prices get a boost after the slow ISM services report - the headline of 53 missed consensus expectations of 54.8, but New Orders tumbled 7 points into contraction territory of 49.4 after 52 consecutive months above 50.

     

    "Early, severe winter weather has had a major impact on business. Both customers and employees were unable to reach the workplace," says one commenter from the Arts, Entertainment, and Recreation industry.

     

    The 10-year yield is down 4 basis points at 2.96%.

     

    DEFLATION is just around the corner, so will Yellen cancel the tapering??
    6 Jan, 04:17 PM Reply Like
  • CWinn1970
    , contributor
    Comments (360) | Send Message
     
    IT...could it simply be people locking in profits now to give themselves a year's reprieve from taxes?
    6 Jan, 04:24 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    IT ,
    so will Yellen cancel the tapering??

     

    Nope..

     

    and I wonder where some of the folks that were here last year and commented the "fed will NEVER taper" stand now ..Maybe they can come back and let us know what they see now on the Fed situation..

     

    ;)
    6 Jan, 04:31 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    IT:

     

    "Time to bail out and lock in profits !!"

     

    A bit hysterical, don't you think?
    6 Jan, 04:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » TACK

     

    Yeah, you know me . I had to break the ice, Too quiet :)
    6 Jan, 04:46 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR

     

    What's 10 billion anyway. A mere drop in the bucket..Still doing 900 billion a year !!

     

    Of course sooner or later they had to start. Nothing lasts forever...Even this rally !!
    6 Jan, 04:50 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8661) | Send Message
     
    We will see if QE ever ends.

     

    I don't see how QE ends and interest rates stay low.
    6 Jan, 09:17 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    DVL,

     

    rates most assuredly will go higher, and if we look at what has already happened-- rates rose during last year before the taper was announced, yet the market marched higher..

     

    the diff. of opinion on what the effect will be on the markets is the velocity in which that occurs.. In my view as stated many many times the fed will depart this program as slowly as it was put in place..
    Contrary to belief, equities can do quite well in a slow rising rate environment . just take a look at any bank stock u wish to see how they have performed in the last 6 weeks or so in anticipation of just that .. there are other sectors as well that can do nicely as the economy and rates improve..

     

    The other side says things get out of control and we have major issues , maybe so , but the fact is those that have taken that argument so far , have made up their minds that this is "fact" and subsequently have missed the equity rally -- ( not saying u are in that category ) ....

     

    I also believe that there will be many signs and plenty of time to react to re-position a portfolio . In my view , its not time to do that just yet..

     

    Best of luck
    7 Jan, 09:38 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    Tack ,

     

    I took that comment as a reference to taking the $33 profit we've seen on Gold so far this year :)
    6 Jan, 04:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » FEAR

     

    (NUGT) profit way above that !!

     

    I am telling you my "IT FIB" charts are calling for a correction.I posted it quite a few days ago and I NAILED IT !!! :)
    6 Jan, 04:48 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    It's not a correction until a 10% drop.

     

    Anything less is just normal market noise.
    6 Jan, 04:55 PM Reply Like
  • Tack
    , contributor
    Comments (13554) | Send Message
     
    IT:

     

    If we see any continuing weakness and fear of same, as today, then all those muni funds, agency reits, debt funds, bdc's and preferred stocks, which have been thrown in the trash for the last six months, will get happy. It's almost too predictable because most all of them have been oversold, many without cause.
    6 Jan, 04:58 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » TACK

     

    I am just happy my (PSEC) seems to be holding up nicely right now...Added to it as it is a cash machine !!
    6 Jan, 05:04 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » JBT

     

    We missed you. They way i see it is you need to drop 1% before you drop 2%. Wash, rinse, repeat ..Then BAM . You are looking at 10% before you know it !!

     

    BTW ..Green Bay blew that game...Score does not show it but they were completely outplayed !!
    6 Jan, 05:06 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3810) | Send Message
     
    I watched it. Closely. They were not outplayed. They played down to SF's level the first half, at least on offense. Bactiari's (sp?) numbskulled offsides penalty blew the game just as much as anything else.

     

    Was still a fun game to watch. Number of wins/loses in the regular season means nothing, except as a qualifier to get in to the playoffs.

     

    BTW - you can add the next person to the spreadsheet.
    6 Jan, 05:11 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11482) | Send Message
     
    Author’s reply » Green Bay had zippo offense in the first half. Rodgers had no one open and had a bunch of 3 and outs !! But everyone is entitiled to what they think happened..

     

    Now as far as the spreadsheet goes....

     

    I have no clue how to work the spreadsheet so if someone else does can you please do it for me..Thanks !!
    6 Jan, 05:16 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5299) | Send Message
     
    Hmm ---- A 3x leveraged etf ..

     

    and they talk about us "stocksters" as 'gamblers"
    6 Jan, 05:47 PM Reply Like