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I find investments are very different and difficult in these extremely Interesting Times!! We hear whispers of manipulation. QE'S that have never been done before. Then we have a template experiment in Cyprus to see the worlds reaction. I just ask everyone to sit back and ask themselves "... More
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  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » No one even brought this hup..Hummm...

     

    BULLION LATEST – Gold Price near one-month high despite Comex ‘fat-finger flash crash’

     

    - Gold prices recovered to near a one-month high during afternoon trading on Friday despite Comex suffering a "flash crash" earlier in the session. Spot metal prices ware last at $1,240.55/1,241.40 per ounce, up $3 and just short of its one-month high at $1,248.50 hit this morning. So far this month, the metal has gained just short of one percent.

     

    - But a sharp sell-off in US futures - the metal tumbled $20 in a matter of seconds on Comex, forcing a brief halt to trading, before being almost completely reversed - led to speculation of a so-called "fat finger" trade.

     

    - Still, traders remain cautious on the supportive fundamentals in gold, saying that a stronger dollar - buoyed by the prospect of further tapering of quantitative easing - may hurt the metal.

     

    - The rest of the complex was supported by the gold rally. Silver prices were up eight cents at $20.20/20.25 per ounce, platinum prices were $10 firmer at $1,414/1,419 and palladium gained $9 to $733/738.
    7 Jan 2014, 01:04 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    IT, you are teaching us. Never put all your eggs in one basket! Gold down big today. Look at Krusty, he's got some great picks there. F&G, John, & everyone has some good picks. RichonSilver made some $ too.

     

    IT, time to diversify??? Your golden eggs are cracking!!! Even Dr. K is in (DUST) now.
    7 Jan 2014, 09:58 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    Nah, this game is far from over..My "IT FIB" charts don't show any reason to sell yet :)

     

    Remember this is a game, LOMAH isn't even playing which surprises me.. I obviously do things different in real life.
    7 Jan 2014, 03:13 PM Reply Like
  • Tack
    , contributor
    Comments (16383) | Send Message
     
    IT:

     

    http://yhoo.it/UJwQmD;range=3m;compare=;ind...

     

    Unless GLD stays above $118, this little up blip for gold may be kaput.

     

    P.S. See 3-month version of linked chart.
    7 Jan 2014, 03:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    Why on earth should i follow the good Doctor anyway?
    7 Jan 2014, 03:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    So tell me why (DUST) LOST money today and (NUGT) GAINED money ??

     

    Just sayin>>>
    7 Jan 2014, 04:03 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    IT,
    miners rebounding from an oversold state , if u ask around it's the rebound "play" for '14 , and it shows,, -- in spite of gold being off a bit today ...
    7 Jan 2014, 04:07 PM Reply Like
  • Interesting Times
    , contributor
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    Author’s reply » FEAR

     

    Just saw that your in the TOP 10 !!! Congrads .....Keep up the good work...
    13 Jan 2014, 06:25 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » FBI investigating yet more market manipulation !!!

     

    The FBI suspects traders at two unnamed banks of conspiring to manipulate rates on major orders from Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) or of front running the government-sponsored enterprises (GSE) in the markets for interest-rate swaps.

     

    Front running is using advanced knowledge of an order to make a transaction first.

     

    Senior management at the banks "planned and encouraged this behavior because it led to higher revenue for their respective parent banks," an FBI bulletin says.

     

    However, the agency isn't confident it can prosecute, because the transactions involved appear to be legitimate.
    14 Jan 2014, 06:18 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    I guess it's the beginning of the correction in gold... 1% today, 2% another day, etc., or so I'm told.
    7 Jan 2014, 10:20 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » "I guess it's the beginning of the correction in gold... 1% today, 2% another day, etc., or so I'm told."

     

    Who told you that? Was it gold or the Dow ??
    13 Jan 2014, 06:26 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    The DJIA is ~1.8% off its all-time high. Gold is ~34.2% off of its own all-time high. :)

     

    My stocks pay me money, 4 times a year. ;)
    13 Jan 2014, 06:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » My stock pays me 12x A YEAR !! Beat that :)
    13 Jan 2014, 07:30 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Okay. I'm getting a 13% yield on my invested money in (WIN). That beats PSEC's yield by over a percent. ;)
    13 Jan 2014, 08:17 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    You win ! Or do both of us win? What is (WIN) anyway??? I do like anything over 10% yields....
    13 Jan 2014, 09:32 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    It's a failing rural telco that I plan to exit next week. I will exit flat. Thanks, (WIN).

     

    The dividends were nice, though.
    13 Jan 2014, 11:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Gee, i though my gold holding should be below 1k by now according to many posters. So when does the implosion start?

     

    Since your Packers lost you seem to be in a bad mood. Not a sore loser are you? I am a JETS fan so i understand losing ! Even Giant fans are tasting this the last 4 years.

     

    But show me where i posted i hate the Packers? Quite frankly i never even follow them. Nor do i care since they are an NFC team..

     

    I am waiting for that implosion to happen..If it stays in a trading range like it seems it is right now i am way ahead of the game on my insurance part of my portfolio..

     

    The only sale i made in gold PM was about 5 years ago . I owned a gold set that the mint stopped making. It was a 4 piece Buffalo set and it cost less then 3k. If i remember correctly it was one ounce, one half ounce, one quarter ounce, and one one tenth ounce. Graded in a 70 , which is a perfect coin!!!...Suddenly the mint stopped making them and the collectors went wild, The price jumped up like crazy overnight

     

    Once it hit 9k i got off the bus. True story and i am sure COINS knows of this set..Held it less then 6 months..Not a bad move as i don't even check what it is worth today. I just strike when the iron was hot !!

     

    As i stated i was a collector, a hobbyist, before i bought my bullion.. Most of my hobby coins will be passed down and some have great stories attached. Beats collecting comic books !!
    7 Jan 2014, 03:26 PM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    IT
    "The only sale i made in gold PM was about 5 years ago . I owned a gold set that the mint stopped making. It was a 4 piece Buffalo set and it cost less then 3k. If i remember correctly it was one ounce, one half ounce, one quarter ounce, and one one tenth ounce. Graded in a 70 , which is a perfect coin!!!...Suddenly the mint stopped making them and the collectors went wild, The price jumped up like crazy overnight
    Once it hit 9k i got off the bus. True story and i am sure COINS knows of this set..Held it less then 6 months..Not a bad move as i don't even check what it is worth today. I just strike when the iron was hot "
    That was the best deal you ever made on a Bullion coin . I have only had the 1 oz. buffalo and the quarter oz. since those came out. What drove that set was the fractional Gold pieces. They were only struck one year . They became instantly hot items and were sold out at the mint within 24 hrs. I do not chase mint items and soon after these came out I knew I had missed the boat .They then hit the secondary market and they were the number 1 gold collectible coin in the nation. It was everyone's question at the coinshows ,every dealer was deluged with potential buyers for the fractional Buffalos. I was set up next to a dealer and he had a 1/4 oz . buffalo in his showcase ,and no buyers were allowed in at that time because we were just setting up.I bought it from him at a very good price and put it in my showcase ,Within an hour the crowd came into the show and it was sold as soon as a "Vestpocket" dealer saw it. I nearly doubled my money. That was the longest I have had one of those. Good choice on your part buying those,you could still get as much if you had a set for sell today Bill.
    8 Jan 2014, 02:14 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » COINS

     

    Yup, as a collector i knew it was the only year they made them. But one never knows when the hot item becomes cold, so i sold..I actually brought the set to a coin show and you had to see the jaws drop as i pulled it out for buyers to see it.. Funny as those salesman were making me offers you would laugh at !

     

    Now i am happy that the price did not go through the roof...I was just lucky to buy the set. I loved the Buffalo look and rarity. Plus i do like to buy first items made...I plan on buying the baseball coin when it is listed from the Mint. Have a good feeling about that one as it was designed through a contest !!

     

    I also worked hard and got the Lincoln coin set where you have the silver coin in the middle and all four 2009 pennies made specifically that year. Came in a nice case and limited to 50k !! Phones and web site crashed but it took 2 hours of work,,,I finally got it !

     

    I bet most do not know that the back of the pennies that year were a series of 4..Then we have the new shield back of today's penny !
    8 Jan 2014, 02:27 PM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    You were very smart to buy that Gold set from the U.S. Mint.The only part of the government that creates something without taking it from someone else. :) Gold has done very well for folks like you that know HOW & When to buy.
    14 Jan 2014, 07:01 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » COINS

     

    Picked up that 5 piece ASE set from the mint as well in 2012. Each family was allowed 5 sets. I think they were less then $300 bucks each.

     

    I flipped them for over $600 per set within days.. Collectors on the secondary market will pay !!

     

    IMO that silver baseball coin done by a contest might be worth trying to get once they announce the sale..Gonna try to get that one as well.

     

    Like I said bullion is different then collectible coins.. You just have to understand what the public wants. If the phones are busy and the web site goes down you know it's worth chasing from the Mint.
    14 Jan 2014, 07:11 AM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    Well that's my weakest area ,I can't keep up with ALL the commemorative issues ,but for those of you that see the potential and know how to increase your money supply buying and selling it ,my hat is off to you. Many ways to make money in Silver & Gold for those that understand.
    14 Jan 2014, 07:24 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » COINS

     

    As a hobby some I keep, but I try to use the profit from some to actually pay for the ones I keep ! Doesn't always work but what's the worst that happens..??

     

    I get something I like anyway !! Usually I try to keep one for myself. But a profit is a profit and I can buy it back sometimes a few months later for less anyway. Like I said sell when the iron is hot !

     

    But that Buffalo set was a surprise once the Mint stopped making them. Now it became a waiting game for scarcity to set in then I sold to a TV vendor.. Tried to squeeze me at first, said no but call back if he met my price. Within hours they did !
    14 Jan 2014, 07:33 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    IMO,

     

    oh ok, so the posters missed the gold call as it hasn't dropped to 1000 just yet.. :) BUT it's early ... and to keep that in context it was made when gold was 1500 and looking back i must say it was met with quite an incredulous crowd here on SA.. many of which i don't see around anymore that gold has indeed cratered.. They'll be back with a sniff of 1350 IF it does in fact get there.. and of course they will claim they had it right all along as of course they haven't sold just yet...
    oh and according to posters here we now have to assume the majority held DUST or other leveraged ETF's all the way down to mitigate their losses..

     

    Happy investing !
    7 Jan 2014, 03:45 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » FEAR

     

    You might be right. As i have stated i bought my PHYSICAL below 1k and 19 bucks , (gold and silver). I have no plans on selling at any price. To me it is something that my daughter will get unless the price just goes crazy.

     

    If that happens then i am sure we have some very bad conditions and i would like a little protection. Again i am no gold bug, i just comment on it . It is that simple..

     

    You personally know i am investigating what other stocks to own. You have proved to me your pretty good at what you do..I do trust your opinions and have stated that in posts.

     

    I do not do that very often, if at all...Now your arguments with the others i jut read along to learn.Like most of us!! But do i think i made a mistake buying my bullion?

     

    Not at all !!

     

    Just like i am glad i had extra insurance after my drastic car accident. Never thought i would ever need it. Boy was i wrong.. But a good lawyer didn't hurt either ..lol
    7 Jan 2014, 03:52 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    IT,

     

    Fair enough ...
    7 Jan 2014, 03:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Technician sees bottoming action in precious metals

     

    "The bottom line is that several factors, including chart patterns, sentiment and momentum indicators show signs of life for both (precious) metals and metals mining stocks," writes technician Michael Kahn.

     

    He notes the GLD - bottoming last month at about the same level as it did in June ($115, or $1,180 per ounce for gold) - is beginning to form a double-bottom chart pattern, though there remains a ways to go before this would be confirmed. The iShares Silver Trust (SLV) is showing a similar formation.

     

    The GDX is notable for a bullish divergence in which the relative strength index rises even as the price action makes lower lows - "the first sign that the bears have lost their power."

     

    "Resilience last week in the face of a rallying U.S. dollar shows that there were forces supporting gold other than simple currency factors."
    7 Jan 2014, 04:08 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    IT, it's okay for investors to hold some gold if they want to, for "insurance." I would say 5% or less, but many big firms like Goldman Sachs, Merrill Lynch etc. are saying that the price of gold could continue to fall. So it's a risky investment to hold, unless your cost is under $500.

     

    Every investor has their preferred way of investing. Who am I to say what is the best method. For years, I thought owning more than a few stocks was dangerous, for me. So I stayed in mutual funds, ETFs, bonds and just had a few stocks in a brokerage account. Now I'm all in….stocks. But it's not for everyone. Some day, my brain will not tolerate the research that needs to be done. Hopefully, that won't be for at least another decade.
    7 Jan 2014, 08:45 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    I own a small amount and honestly i could care less what ANY analysts guesses what/where the price will be. It is like you said, insurance..

     

    Hope i never need it, but if i do then i will be greatful i do own it..

     

    It is that simple. I treat it like an expense. Once spent it is gone !! Like buying food, heat, car insurance, house insurance, health insurance, etc...
    7 Jan 2014, 08:52 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    This article at Bloomberg.com about (JPM) is so sickening. So it turns out they turned a blind eye to Madoff's account…..which held over 5.6 billion then shrank to mere 234 million. All in the months before he was arrested. (JPM) even sold some securities shorting Madoff. Hard to believe, isn't it? Disgusting. Their excuse for that is they had customers asking for such an investment. They even joked about checking out Madoff's accountant, to make sure it wasn't a "car wash." There have been rumors that Madoff was laundering money for big European gangsters. Ha. Madoff was the biggest crook, but (JPM) wasn't far behind him. They kew. They knew & didn't report Madoff even once….

     

    http://bloom.bg/19SSCPl
    8 Jan 2014, 09:25 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Blue,

     

    thats all true , but will we ever hear or extract some retribution from the people at the SEC that were "handed" the entire Madoff scam on a silver platter on numerous occasions.. I guess we cant extract fines from the SEC for incompetence ..

     

    To date no one at the SEC has been brought to task over this ..
    http://bit.ly/1lPkMdN

     

    maybe JPM listened ? We'll never know ..
    8 Jan 2014, 09:34 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    F&G, so true nobody at the SEC is paying for their incompetence. Madoff was investigated not once, but twice….and cleared by the SEC. In the article from Bloomberg, the author notes that the SEC does not have competent people investigating, because they don't hire former investment bankers etc. that know just how the banks & financial companies today are leveraging, using credit default swaps, etc. Until the SEC hires competent people, there really is a problem. By the way - many on Wall St. knew Madoff was a scam & warned their clients (and their own families) not to invest for many years. The SEC received lots of letters but was too stupid to figure it out. However, the really sickening part to me is that (JPM) not only did not report Madoff, but even made $ off of him…in many ways. Clearly, (JPM) was at fault. It's costing them now, but in the long run (JPM) will continue to make $. It's up today in fact. Just like (GS) they will make money, in good or bad ways.

     

    One commenter on the article on Bloomberg wrote something to think about. After being cleared by the SEC twice, if (JPM) had decided to dump Madoff & warn their big clients not to invest, could Madoff have sued (JPM) for defamation of character? Boggles the mind, doesn't it!

     

    Did you ever see the photo of the 5 foot tall screw that Madoff had as "artwork" in his office? So really, he was laughing all the way to the (JPM) bank & enjoyed what he was doing. I believe there are millions - perhaps billions - still squirreled away by Madoff & his accomplices. Just before getting arrested, over $5.5 billion went out of just the (JPM) account. He was mailing packages stuffed with jewelry all over….why can't they go after those packages?? No matter what, I would never ever invest in a private financial company. I don't care how much they say they make….so many crooks out there. Rather own the stocks, bonds, etc. directly myself thru a large (reputable) brokerage company any day.

     

    As a side note, there's a guy in my town that stole over $60 million from his clients. Says he lost it on the stock market….and he spent 5 years out of a 10 year jail sentence locked up. Now he's the number one realtor in my county. Even heard that it's not the first time he stole investor's money (previously got caught in another state). Best part? Just before getting arrested, he was voted "Mr. MyTown" by our Republicans. What I don't get is, why is he allowed to sell real estate??? Sure makes realtors look even worse. Plus, when I was an active realtor, I could have been sued for even mentioning the above about this guy. Everyone, please google people before you do business with them!

     

    The only good thing lately is the US Attorney General that covers Wall Street, Preet Bharara. I wonder if he would have discovered Madoff's scam?

     

    http://bit.ly/1fdkVKp

     

    He's going after the inside traders on Wall St. hard. He just got involved in a scandal with arresting one of India's female diplomats….quite a story there. All the Indians I know over here are up in arms about that. She got strip searched by US marshals after being arrested & processed in NYC. Seems that her maid from India filed a complaint that she wasn't being paid properly & was working too many hours. Well most foreign diplomats in the US from poor countries are guilty of that. Then Preet got her husband & family out of India, real cloak & dagger stuff there. Who knows what fate her family back in India would have suffered. Now India is doing silly stuff to US diplomats in India. So far they haven't strip searched anybody. IMO, the Indian female diplomat wasn't treated any differently, as everyone arrested by the US marshals apparently gets strip searched after being hauled off to jail.

     

    Welcome to the US of A.

     

    8 Jan 2014, 11:35 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    F&G, many people do profit from hiring a financial advisor. Just so you know, I like what you do!
    8 Jan 2014, 11:42 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    Yeah, F&G is ok i guess :)
    8 Jan 2014, 11:59 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Blue,IT,

     

    Thanks for the kind words..
    8 Jan 2014, 12:05 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    I had to give you a *like* just for typing that novel....hehe
    8 Jan 2014, 01:15 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Blue ,
    amazing story about the realtor in your town,, from my recollection , I thought a realtor couldn't get a real estate license if they have a criminal record , especially a record that was involved with theft..

     

    Amazing !
    8 Jan 2014, 11:45 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » FEAR

     

    Were talking NJ here, THE SOPRANOS ring a bell??
    8 Jan 2014, 12:56 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    oops forgot that fact ..
    8 Jan 2014, 01:02 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    F&G, IT: best part is our local county realtor's association supports him. Somehow he gets to sell real estate, despite his past. Only thing I can figure out, maybe he's paying back some pennies to the people he swindled, by selling real estate.

     

    OK, here's the insider view (all my opinion…..keep that in mind). He gets all these listings by charging the seller a flat fee, like $500. Instead of the usual 2% or more of the house's final sold price. So that's how he gets the most listings in the county. Now, he's in a firm where he gets all the calls on his listings. So if you are looking to buy, see his house listed (from the sign on the lawn or on the internet) then he gets the call. The tricky part is, his WIFE is a realtor. So what's to stop him from giving all the buyer's calls to his wife, then she makes $ when these buyers close a deal with her?

     

    That's the suspicious part to me. His wife doesn't have to pay anybody back….now this is all my opinion. And I will never name names. Often, I wonder if anybody has thought about watching where they vacation. lol, I am convinced he has mighty fine vacation homes….in the Cayman Islands perhaps!

     

    Just remember to google all the folks you do business with. In fact, a criminal background check & a credit check might even be worth it. Definitely for the person you are thinking about marrying! Of course, if they use an alias, you're still going to get conned.

     

    As for anyone that thinks it's a great idea to sell your house for a flat fee, like $500. You get what you pay for….no advertising, no negotiating (hey why bother caring what the house sells for if all you get paid is $500?) and absolutely no service.

     

    Here's the best way to sell a house. Get a good realtor. That's tough, I know. Try interviewing several. Especially the ones that actually sell in your town. You can get info off of Zillow.com, even closed prices on houses sold going back several years. Next, price your house a little below the house that is on the market, and most like yours. Like at least 1% less. Now keep the house on the market at least 1 month, and watch the bids keep increasing - if you have underpriced your home, you should get several offers. Oh, and do spiffy up your house, fix everything. A good realtor will help you make your house look its best, AND they should be able to recommend people to do the work your house needs. Listen to your realtor. Nobody wants a house that needs everything fixed, from the dripping faucets to the crappy lawn and leaky roof. Your color scheme may be what you like….but sticking with neutral is best when selling. And get the pets out of the house - they smell, plus if you have dogs like mine, their barking will scare off the buyers. You would be surprised by how many buyers hate cats! Ten years of selling real estate taught me a lot ; )
    8 Jan 2014, 01:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    I might have to delete your above post since you won't name names !! lol

     

    Meanwhile love to hear comments from all about the FEDS minutes. Finish ALL the buying in the 2nd quarter?? Did i hear that right ?
    8 Jan 2014, 02:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Anyone see Frontline last night on insider trading.??

     

    If not i am sure they replay it and it is worth watching. Talking about traders being called 6 minutes in advance of a company upgrade by a major firm as an example.

     

    Trader said he made millions within those 6 minutes !!
    8 Jan 2014, 11:58 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    IT,

     

    Yes I did see that , incredible,,
    8 Jan 2014, 12:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Japan down 3%..Any concerns this sell off is going global?
    14 Jan 2014, 04:07 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » RUN FOR THE HILLS!!!

     

    Treasury sells 10-year notes at 3.01%

     

    The Treasury sells $21B in 10-year notes at 3.01%.
    Bid-to-cover ratio of 2.68, vs. a previous 2.61.
    Indirect bidders take 46.6%, vs. a previous 48.9%.
    Direct bidders take 13.6%, vs. a previous 10.6%.

     

    Now i have to admit i have no clue what those other numbers mean, but my "IT FIB" is flashing all sorts of red flags !!!
    8 Jan 2014, 01:19 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    oh no you just mentioned NJ and the gangsters….

     

    so if you go see the movie "American Hustle" you will now know what it's like to actually live in my town.

     

    Not even kidding….we have our colorful local gangsters a'plenty here. Sometimes they go to jail, but that's not really considered a bad thing here. People who think NJ gets a bad rap for the Sopranos don't live here. Or if they do….they must have their head buried in the Jersey shore sand.
    8 Jan 2014, 01:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    You think NY is any better? Ever know anyone from Brooklyn?? Or the Bronx ? Maybe Queens?, Let's not forget Staten Island, oh then we have Manhattan..The Garment district, the fish market, How about when my brother in law opened up a cab service without proper permission and had his two dogs thrown through his front windows..

     

    NY makes NJ look like small potatoes.. You are lucky to be allowed to walk without permission...
    8 Jan 2014, 02:12 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    Haha that's where they all came from….Brooklyn (sometimes to S.I) then to NJ. I've met very few people who were actually born in NJ.

     

    It was sometimes hilarious to take out buyers….they would already know the sellers, the neighbors, etc. All the local restaurants, delis are often originally from a NYC borough.

     

    It may sound funny, but some of the nicest people I met were from Staten Island & ….the Bronx?? Yup.

     

    Funniest guys I ever ran into asked me if I had ever heard of "Jimmy the Chin." It was sort of scary, so I never called them back! They gave me their business card for installing home theaters. Actually, met some Russian mobsters & even one that was Irish. All very scary. Real estate. You meet 'em all.

     

    That's horrible about the dogs. Thank goodness I don't own any guns.

     

    You have to have "permission" to start up a cab company? A permit isn't enough? Just like the garbage scene in the Sopranos, where they dump garbage all over the guy's parking lot because he's using the "wrong" service. Or the jerk that got out of prison & started beating up people because he was trying to establish his nephew as the local lawn service. Okay, it's not THAT bad here. I wish we only had one company picking up the garbage.

     

    Hudson county (Jersey City) is another story. That's a real mob strong hold there.

     

    I'd never live anywhere near Camden, Trenton, Newark or those kind of places. Absolutely detest Atlantic City.

     

    NJ is an odd place, with some really beautiful towns. After coming here in 1985, I told my husband "3 years. That's it!" We are still here….I've gotten used to it. Actually love the town we live in now. It's very hilly & you can walk for miles thru heavily wooded, lovely neighborhoods.
    8 Jan 2014, 05:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    Forget permits when it isn't a yellow cab. Those other ones are free lance. However my brother in law had a spot where he made a decent living and no one bothered him.

     

    I told him to stay there.Local people would call him up on rainy days to take them to the subway, shopping , etc..BUT NOOO...He wanted to expand and moved his office to a new location.

     

    Seems that one of the bosses sons had that territory so he was paid a visit. Wasn't a pleasant one but he got the message..

     

    Glad you answered you like people from the Bronx. Me and my wife are from there years ago..Her parents still live in a nice neighborhood that isn't gated but is "protected" if you know what i mean.
    8 Jan 2014, 05:44 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Don't they need cab medallions, or face a million-dollar fine, or something?
    8 Jan 2014, 10:50 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    Legally yes, but consider this a black market. They usually stay away from airports. They try to avoid Manhattan. No markings on the car stating they are cabs. My brother in law used old cars for his fleet.

     

    The neighborhood people in the Bronx would never get a yellow cab as they are in another borough. So no one bothered them. Now you had the black limo/town cars that business people use in the city. Those are legal and more expensive then the yellow cabs.

     

    Most business people that work late were given them as a thank you instead of trying to waive down a cab on the street. You called ahead a half hr and at your door was a car waiting. I used them numerous times when i worked in the city.

     

    However the little local cabs outside of Manhattan has these gypsy car services that most don't know about. Think that little old lady , when it is raining, and needs to shop cares who picks her up ??

     

    Most companies have been their for years, sort of like a black market thing ..In fact they have no meters in their cars. Just use a flat fee to drive people around.Know what, it works!
    9 Jan 2014, 01:11 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    IT,

     

    Good for them. I watched an episode of Stossel where they covered cab companies, and how they are in bed with politicians so nobody can get in on their business...

     

    The government and their petty regulations and greasy palms...
    9 Jan 2014, 03:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT,

     

    Yup, and try to buy a medallion from someone getting out of the business. They want about 100k additional then what the "other hands out" are asking for on top of what you are really suppose to pay !

     

    Don't even want to comment on who has the "in" on those medallions..But once they get one it never leaves the family . Uncle, cousin, brother in law, etc. all get behind the wheel. Is that legal???

     

    Like i said he had a good , undetected spot,,,But got greedy !!
    9 Jan 2014, 05:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » HERE'S A SHOCKER..

     

    FOMC: QE benefit declining over time.....
    8 Jan 2014, 09:57 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Wow...Jobs report was anemic, really pathetic.. Yet unemployment dropped ? I have to hire these guys for my next party. A group of magicians for sure !!
    10 Jan 2014, 08:34 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    How the unemployment rate is calculated

     

    http://bit.ly/1aN9O3i
    10 Jan 2014, 09:03 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » HOUSTON,WE HAVE A PROBLEM !!

     

    Obamacare's got an age problem

     

    Just 30% of the people who have bought insurance under Obamacare are aged 34 or younger, while a third are 55 or older, a government report says.

     

    That's a problem because the success of the Affordable Care Act hinges on signing up enough "young invincibles," who would need less care, in order to pay for the sick and elderly. The White House was banking on 40% of signups being aged 34 or less.

     

    If the numbers don't balance out as needed, premiums could rise. Moreover, health insurers have until May to decide whether they will keep providing exchange plans in 2015.

     

    Around 2.2M people bought coverage in the three months through December, 79% of whom received a discount due to federal subsidies.
    14 Jan 2014, 04:29 AM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    To know ourselves and to ourselves be true.
    10 Jan 2014, 08:37 AM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Where is you guys ! dang man !
    14 Jan 2014, 06:52 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Food for thought
    (DB)(BAC)(C)(JPM)(GS)
    too consider.
    15 Jan 2014, 03:01 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Al

     

    Agreed,
    Financials,Financials and more financials in '14

     

    http://seekingalpha.co...

     

    http://seekingalpha.co...
    15 Jan 2014, 03:34 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Fear,
    DB immaculate !
    15 Jan 2014, 03:40 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Al,

     

    agreed , i missed that one -- can only take so many to the dance ;)
    15 Jan 2014, 04:11 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Fear,
    We have until july 1st,When they give advice it's wise to act,GS warned about gold long before the drop !
    DB has a lot of experience in the emerging sector,Brazil looks good going into 2014 through 2016.(PBR)(CIG)(CPFL).
    I will look at the links later,thank you.
    15 Jan 2014, 04:28 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Check (NU) out Pre markets +8.02 another favorite,made a good move with N Star.
    16 Jan 2014, 08:02 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » I borrowed this post !!

     

    "Unadjusted U3 down to 6.5%, not thanx to great job creation but because more and more people are figuring it out, it is better not to work than to work. Labor force participation dropped from 63.4% to 62.6% over the last year with the biggest hit taken by those who have some college or an associates degree followed closely by those with a high school diploma. Interestingly participation for the uneducated didn't drop that much but then it is already quite low (sub 40%, so on a percentage basis may be similar).

     

    With the extended benefits being hopefully finally eliminated we should see a further drop in unemployment, 6% should be just around the corner! Of course all of that with only anemic job creation, 1.36M over the year according to the household survey which determine the unemployment rate. The establishment survey has rosier numbers.

     

    On the government front lots of jobs reductions at the federal level but some growth at the state and local level keeping government employment at almost the same level."...
    10 Jan 2014, 09:18 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Apparently our neighbors up north aren't immune to the employment problem..

     

    Canada unexpectedly sheds 45.9K jobs in December !!!

     

    The loonie quickly dives to new multi-year lows vs. the greenback after Canada reports a loss of 45.9K jobs in December and a 0.3 point rise in the unemployment rate to 7.2%. Consensus had called for a gain of 14K jobs.

     

    FXC -0.6% premarket and the loonie is buying just $0.9146 - the least since mid-2009.

     

    Love that word LOONIE !!
    10 Jan 2014, 10:01 AM Reply Like
  • Tack
    , contributor
    Comments (16383) | Send Message
     
    IT:

     

    Great news. Our pending Canadian ski trip gets cheaper.
    10 Jan 2014, 10:09 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TACK

     

    Good point !! Love a guy who takes advantage of a discount.. How do the Cabana Girls look in ski gear??..

     

    How's my "IT FIB" chart recommendations looking so far this week? lol
    10 Jan 2014, 10:12 AM Reply Like
  • Tack
    , contributor
    Comments (16383) | Send Message
     
    IT:

     

    They become veritable ski bunnies.

     

    Regarding your IT FIB, if I recall correctly, they were saying "sell." Last I looked the SPX went from 1830 to 1835, this week, as of this moment.
    10 Jan 2014, 10:18 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    When I lived in WI, a "FIB" was someone from Illinois...
    10 Jan 2014, 10:21 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TACK...

     

    Long term sell signal...We will end up the year LOWER then where we started 2014... lol

     

    I still stand by that prediction. One must never try to time the exact top..

     

    So whens the trip ? I am going this weekend although i cannot ski anymore due to my health..But the bar stool still seems fine for me.
    Wife and older daughter will enjoy the fresh powder we just got this morning!!

     

    Our schools were on a 2 hr delay. My kid checks in today, me tomorrow...Football games with wife are going to be an issue, but i will figure that out. Sunday are the better games since i am rooting for Carolina and the wife is a Peyton fan !

     

    Short, close getaway for a few days ...
    10 Jan 2014, 10:27 AM Reply Like
  • Tack
    , contributor
    Comments (16383) | Send Message
     
    IT:

     

    FWIW, if the market finishes lower, it doesn't alter my personal investment strategy at all, just means that one segment of my investments will do better than the other.

     

    Whistler, February 26th. It's become a tradition for us to schedule the trip each year to allow watching the Oscars in the Chateau bar Sunday night. This year's trip is a week later than usual, as Oscars are postponed due to Olympics. Nice thing (among many) about Whistler is that one never has to guess about snow.
    10 Jan 2014, 10:34 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » T

     

    Enjoy !
    10 Jan 2014, 10:37 AM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    So there's this businessman who's business is tanking,he's going broke ,been robbing Peter to pay Paul for too long. Finally it's rock bottom. So as a last resort he goes to his Pastor and asks for advice,any advice at all. Well the Pastor is no Dave Ramsey so he tells the guy to " get his Bible and go to the beach" with some more specific details . Well this sounded strange but he does it as instructed. About 6 months later the businessman is back and better than ever,he's making money and the stress of living from 1 day to the next just to pay bills is completely gone. The Pastor calls him in for a meeting and asks him about his situation,The man say" Man I did exactly what you told me and things have worked out just great" The Pastor asks him to remind him what he was told to do and what happened ? He says "well Pastor you told me to go down to the beach get a nice chair ,sit down open my Bible and whatever page the wind blew it open to,just follow that specifically" "Oh yes " said the Pastor ,"now I remember,so what did you read and what did it say" ? The man looked at the Pastor and stated "Chapter 11 "
    10 Jan 2014, 02:32 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » COINS

     

    Very nice, i gotta tell my attorney that one!!
    10 Jan 2014, 03:54 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Coins,
    Wow.
    11 Jan 2014, 07:29 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Not a bad day.
    10 Jan 2014, 03:56 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » AL

     

    Enjoying the challenge???
    13 Jan 2014, 06:27 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Yes.
    14 Jan 2014, 07:38 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    DC & Co,
    Some more Pharms
    (ALXA)
    (AMPE)
    (ARNA)
    (GENE)
    11 Jan 2014, 08:03 AM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    We need screens with the sectors and companies run simultaneously.
    Individuals reciprocally as a team with specific duty focus on where the highs are ready to push that button.
    11 Jan 2014, 08:16 AM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    Here you go IT

     

    Here are a couple of Commission Free ETFs for you to trade in your Schwab account.

     

    PowerShares Global Gold & Precious Metals Portfolio (PSAU)

     

    It holds mining stocks, not gold- largest holdings: ABX GG NEM SLW AUY FNV.

     

    For a physical gold fund com-free:
    ETFS Physical Swiss Gold Shares (SGOL)

     

    You can trade as often as you like with no commission.

     

    For other free ETFs:
    Research > ETFs > ETF One Source/ then choose category
    11 Jan 2014, 08:09 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JW

     

    Thanks for this info. I am sure others can use it as well..
    12 Jan 2014, 10:08 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JW

     

    What's your take on the markets activity since the New Year started??
    13 Jan 2014, 06:28 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    1/12/14 8;50 am et
    Good morning all,mornin.
    12 Jan 2014, 08:51 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » AL

     

    Good evening to you ! This group is kinda quiet over the weekends. Like a local college...
    12 Jan 2014, 10:49 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    IT,
    Future started up last night,the site next door starting giving me in the 100ths 0.01's,helps a lot.well any way good morning,my last of best Buddies had a heart attack,real market man "metals" LA exchange
    he says be careful with (NUGT) (http://bit.ly/155aj6X) some of his buds lost their house in his area !! Good Morning !
    Just in some of the temps below the equator are real hot !!
    13 Jan 2014, 05:36 AM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    (PLUG) fuel cell op like (FCEL).
    12 Jan 2014, 12:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Correct me if I am wrong but are these the closing numbers for 2013 ?

     

    DOW..... 16,576.66

     

    S&P......... 1,848.36.

     

    NASDAQ. 4,176.59.

     

    The IT FB charts are spewing out some flags so I just want to make sure these figures are correct.

     

    Some good football games this weekend huh? Denver vs New England is gonna be a good one !
    12 Jan 2014, 10:48 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Hey guys,Uranium symbols and industry related,(SO) always kicks up pre markets.
    13 Jan 2014, 06:23 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » So I am gone for the weekend expecting to see some comments. I guess this sell off that started at the beginning of the year is just a buying opportunity still?

     

    I warned you the "IT FIB" was throwing off warning signs to book your profits...

     

    Meanwhile I was stuck with one business channel where I was staying. Talking heads still think gold is going down along with silver, and now copper is the metal to invest in...

     

    Although the FIB says we are in a trading range it won't last over 2 months longer then things are gonna get ugly !!

     

    Don't say I did not warn you !!!
    13 Jan 2014, 05:58 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    IT,

     

    Strange weather strange market and you are the red leader now with (NUGT)
    13 Jan 2014, 06:05 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    I mentioned the "possibility" of the S& P falling 15% or so, down to the 1550-1560 level , that will feel like the end of the world to some and many will say just that. However, "IF" that occurs it will be a normal correction in the context of a secular bull market ...

     

    I currently have my portfolio positioned for that environment.

     

    http://seekingalpha.co...

     

    http://seekingalpha.co...
    13 Jan 2014, 06:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » AL

     

    Strap yourself in as the ride is going to get bumpy for a few !! I hear we have a lot of nervous investors out there right now.

     

    Many did not expect this type of start to the year.
    13 Jan 2014, 06:14 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Their quiet everywhere.Darn QE was a lie.
    13 Jan 2014, 06:22 PM Reply Like
  • Tack
    , contributor
    Comments (16383) | Send Message
     
    It:

     

    Actually, loving it, so far All the oversold REITs, muni and assorted yield CEF's rallying nicely, as expected. It's always the unloved stuff that pays off.
    13 Jan 2014, 06:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » T

     

    Yup, and my (PSEC) is holding in there as well...Appreciate you mentioning the BDC'S a year ago. I never knew what they were nor did quite a few others..

     

    Thanks!
    13 Jan 2014, 07:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » All kidding aside did I miss anything the last 3 days? Opinions on why the year is starting off so bad? I have concerns for a few positions I have so interested in chatter on the markets and the metals..

     

    Right up until New Years it seemed that we were headed for the stratosphere, then after the Holidays were correcting some. Why???
    13 Jan 2014, 06:21 PM Reply Like
  • Tack
    , contributor
    Comments (16383) | Send Message
     
    It:

     

    Early-year selling should come as little surprise after a 30% upper. Lots of folks didn't have any "end-year tax-loss selling." No, they had fat gains that they wanted to roll into 2014's tax year. I'd look for many to dump those gains on any fear of a pullback.
    13 Jan 2014, 06:57 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    IT, end of year window dressing last December - and stocks were up on very low volume. Perhaps some were reluctant to sell in Dec. for tax reasons, but are now selling in 2014 & booking profits. After being up 30% in 2013 many traders are taking profits. Long term investors….not so much.

     

    The market is also very nervous about earnings. Which are just starting to get reported, and could cause the market to correct if earnings are not good. Earnings drive the market, keep that in mind. Every quarter in 2013, we had earnings beat. It's going to be tough to keep that up.

     

    American consumers are indeed not spending as much. Malls & other stores were not as crowded this past Christmas. Not sure if it's due to more shoppers online. We will know all that soon enough. Meanwhile, people worry. Especially because we had a terrible jobs number.

     

    Take all that into consideration, it's going to cause the market to contract. We could see more decline into February, depending on how the quarterly earnings reporting goes.

     

    Not to worry. Long term we will be fine. The economy is expected to expand by 3.5% in 2014. So by the end of the year, we will be in a better place than we are now. Again, we have to see how it goes. If the next jobs number doesn't get better, if the GDP doesn't get over 3% or there is some other reason (Europe, China, unexpected war….the usual worries) that will all take the market down a notch or 2.

     

    However, if you are a long term investor (10, 20, 30 years & more) then don't worry about the short term. Buy good companies at a good price (when the stock is beat up, low PE ratio etc. but still a good company) that pay dividends that have not decreased for at least 7 years. I've got some stocks that haven't decreased a dividend ever, like (GIS) for over a hundred years now. You telling me to worry about a company like that? Ha, fuhgettaboutit! (GIS) is a good value right now. Your portfolio is only as good as what's in it. Quality holds up better during market down turns too. Having those dividends coming in helps you to take advantage of stocks when they "go on sale."

     

    How about (NLY)? Looks like it bottomed. I'm planning to buy some. As usual, I'll use my "go slow" strategy & buy maybe 200 shares. Then add to my position over time. The stock hit $10 last week and is about $10.30 now. Over 10% interest, paid monthly. Looks good to me ; )
    13 Jan 2014, 06:59 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    And i just saw that Goldman put an "underweight" on US equities as it sees a 10% drawdown. They must have entered short positions on Fri - LOL
    13 Jan 2014, 07:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » FEAR

     

    Gotta tell you that a 10% correction with the DOW over 16k will look like a hefty number. Could be a great time to start investing...Have to try and convince my 25 year old to put something away monthly.

     

    Even though she isn't working full time with her Teaching degree I am sure she can find, lets say $100 bucks monthly...Being a FA is that enough money to invest monthly before I sit down with her?

     

    I am sure I am going to get an argument about no full time job, no kids yet, no house yet, etc...So how do I *close* her ??

     

    I am sure all understand close? I know BSF DOES !!!
    13 Jan 2014, 07:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Finally the Supreme court doesn't like the quarterback sneak the POTUS pulled !!

     

    http://huff.to/19qYI8Z

     

    He is losing his power for sure. Lame duck already...No wonder those Hillary glasses with 2016 are being seen around town.. Or are the New Years Eve glasses ??
    13 Jan 2014, 11:06 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Real Estate and the middle class and less QE to allocate to the heights and artificially low interest rates,and fuzzy employment numbers,a cash flow problem.
    13 Jan 2014, 06:37 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » AL

     

    I am shocked that I do not see any conversations between the gold and non gold investors .....Humm..
    13 Jan 2014, 07:49 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    IT,
    Gold's been suppressed and for a reason.Every Gold Bug I know is confused and P.Oed.Guys who know a lot more than me keep asking Al whens gold coming back whens gold coming back.
    Most put their money in silver it has more actual utility.

     

    But i will say this it be my last rally,that's most of us.
    13 Jan 2014, 08:02 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    Read recently that retiring boomers are causing the real estate they down size into (55 & over communities, with the fancy club house/pool/tennis courts/golf course) to rally. Likely all depends on location. NJ is full of those communities.

     

    Why not buy a one level ranch for your first home, not too big (but enough bedrooms if you are planning to raise a family) and then just live in it for 40 plus years? The best way to make money on real estate is to keep it for as long as possible.

     

    Sometimes you have to move for a job. Maybe that's why some states have such high unemployment rates. People don't like leaving their children, grandkids & moving away.
    13 Jan 2014, 07:12 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    What is your opinion if I decided to sell my condo, which has no mortgage and move down south to one of those 55 and older communities?

     

    I can't golf, play tennis, or weightlift anymore. But am looking for warmer weather which would be much better for my back. Do you know the negatives of these communities that you can pass on?
    13 Jan 2014, 07:47 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    They don't like kids. Even as guests. If you have children as guests, make sure they stay low-key. And keep them out of the pool.
    13 Jan 2014, 08:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    I had a feeling that might be the case. So do I have any other options like gated communities where you pay a maintenance fee? I can't do squat ...
    13 Jan 2014, 09:41 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    I dunno - I'm poor white trash. ;) Get a place and hire out the work (lawn, etc.). HOA, or any fees like that aren't for me. And the people in those environs tend to be pricks.
    13 Jan 2014, 11:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » So I see your not convinced on what is better :)
    13 Jan 2014, 11:37 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    Hi IT, replied down below….but now you have me thinking about the negatives of those "55 and over" communities.

     

    Years ago, I did have some clients that were moving into them. For the most part, the average age is more like 75 than 55. Lots of old people, which could be depressing. If you like golf, tennis, the club life (card playing, & bingo is probably big too ; ) then you might enjoy it. I would suggest visiting one where you have a friend, and talk to them. Could be great, if you have friends there. I hear some of them do great with traveling, and have lots of social events. Haha, great for the old single guys, as there's usually 10 little old ladies to every old guy!

     

    The maintenance/pool upkeep monthly fees could be a problem, and the property taxes too. Here in NJ, that's where you get pinched. Some people are paying over $10,000 in property taxes, and then a hefty $300 to $400 monthly fee. Wow, that would be outrageous to me when the homes are pretty small, and I wouldn't use the pool/tennis/golf/club house at all.

     

    Thankfully, my husband has no desire to live in one. He says it would be depressing surrounded by all those "old fogies." But who knows, maybe someday he will change his mind. I could see living in AZ or perhaps FL for part of the year, especially during the winter. Because I'm planning on living in my mom's ranch in the upper midwest where winter is h*ll. But the rest of the year is nice.

     

    On the other hand, we will probably be stuck in NJ for ever & ever.

     

    Some day I would love to get a Winnebago & travel all over the country. Ya gotta have a dream….especially when you live in NJ!
    14 Jan 2014, 03:03 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    IT,
    Put the whole nut on this(OTC:NEST) !
    14 Jan 2014, 03:24 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    JohnBinTN !
    14 Jan 2014, 03:27 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Your 'whole nut' is $44.75, as of 3:55pm, EST. Did you want to sell something, or you just want to invest the forty-some dollars?
    14 Jan 2014, 03:57 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    JohnBinTN,

     

    No,Keep the $98,879.75 Al Roman #15th right where it is until further notice,Nat Gas is the only thing in metals and energy the banks are neutral on,I might want to play it back to $100,000 + just for the experience.
    14 Jan 2014, 04:11 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Blue,
    I think your right about those 20-30 year long holds.

     

    I had an adviser tell me 2 years ago that $85 billion is the number to watch,and don't talk about Gold.
    You have it on earnings too.
    Tomorrow's another day.
    13 Jan 2014, 07:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » PRICE LATEST – Gold price above $1,250, short-covering rally to $1,300 possible

     

    Gold prices are holding steady above $1,250, just below the one-month high of $1,255.25 set earlier in the session, with the platinum price also around a two-month high at $1,444.

     

    The spot gold price was last at $1,250.75/1,251.55 per ounce, up $2.90 on Friday's close, while platinum was up $13 at $1,438/1,448 per ounce.

     

    The precious metals, which have been buoyant since the start of the year, found renewed strength to continue the rally after US non-farm payroll numbers came back far below forecast late last week.

     

    Some traders now believe that gold may even test as high as $1,268 per ounce or $1,300 if a short-covering squeeze develops.

     

    The rest of the precious metals were more subdued. Palladium prices were last up $3 at $740/745 per ounce, while the silver price remains pressured by resistance at $20.50 and was last quoted at $20.25/20.30, up 16 cents.

     

    Does anyone think a short squeeze is possible ??
    13 Jan 2014, 10:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » AL

     

    I am not sure I will be here in 20 years.. So it's gamble time for me.
    Seriously though, starting all over again investing after being wiped out with a bad car accident and a divorce it is tough deciding where to put your money to invest.

     

    If I lived in NJ Sammy Six Toes would advise me to put it on the street and get the vig weekly...Right BSF ??
    13 Jan 2014, 07:44 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Then it's Gold.
    I had one Buddy with cancer who loaded his closet with physical,he died,peace to my dear friend,his wife calls me right when it started going down,I said get rid of it now.
    He got creamed in real estate and put what was left in gold,i told him put it in con ed he did not like that.
    13 Jan 2014, 08:10 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Not sure ! H! 50 years ! +
    14 Jan 2014, 10:18 AM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Government's going to have spend again,eventually.
    13 Jan 2014, 08:33 PM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    al

     

    When did they ever stop?
    13 Jan 2014, 11:58 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    John,
    They didn't.
    14 Jan 2014, 07:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Oh, this outta go over well with those red necks..lol

     

    Ford unveils new F-150, built mostly with aluminum: Will customers approve?

     

    Ford (F) today unveiled its new F-150 with a body built almost entirely out of aluminum, which will shaves as much as 700 pounds off the 5,000-pound truck, a response to small-business owners’ desire for a more fuel-efficient and nimble truck - and stricter government requirements on fuel economy.
    13 Jan 2014, 09:49 PM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    GLD, GDX and SLW are all now above their 50 day averages. This would be a technical breakout if it follows through. Any further gold upside will cause it to follow through.

     

    (HL) will be above its 200day MA tomorrow with any silver upside.

     

    The "double bottom" I wrote about Dec 19 is tentatively unfolding.
    13 Jan 2014, 11:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Asia and Europe lower overnight

     

    Japan -3.08.
    Hong Kong -0.43%.
    China +0.86%.
    India -0.48%.
    London -0.30%.
    Paris -0.44%.
    Frankfurt -0.57%.

     

    Humm....
    14 Jan 2014, 06:08 AM Reply Like
  • Tack
    , contributor
    Comments (16383) | Send Message
     
    Markets don't go up every day or week, or even every month. That's why one should build portfolios that work in varying conditions.
    14 Jan 2014, 10:00 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Just saw a report from BofAM,, Hedge funds have been net sellers of equities since Jan 2.. Perhaps one reason for the weakness lately..

     

    With their "history" of under performance.. (especially last year) This can be viewed as a good short term sign for those that are positive on the equity markets..
    IF the market doesn't crater here , then they wil be back chasing the same stocks they just sold,, They are truly lemmings.. and fun to watch..
    14 Jan 2014, 11:05 AM Reply Like
  • Tack
    , contributor
    Comments (16383) | Send Message
     
    F&G:

     

    Hedge funds, private investors, all kinds of entities, having had sizable gains in 2013, and not wishing to realize such gains in the 2013 tax year, are, now, in many cases taking profits. Apparently, this comes as a mysterious surprise to some.
    14 Jan 2014, 11:28 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Europe continues to slowly recover , good news for the "global" economy story
    http://reut.rs/1m0xYzf

     

    FWIW , I like the Vanguard ETF (VGK) ,, offers exposure to Europe,

     

    Tack,
    I'm looking at the (European) names you posted here for candidates for purchase also to get exposure there..
    14 Jan 2014, 12:18 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (4828) | Send Message
     
    Hi all, I'm done with Seeking Alpha. I sent some of you notes. I will post my article in the next few days that they rejected. I am tired of writing an article and having their editors scrutinize every little thing which I end up refuting issue by issue before they will post. It throws off my timing as they are all in Israel and don't make decisions quickly. This last article I refuted each objection they had and it went to the lead editor and he declined.

     

    I have private messaged some of you. Good luck and God Bless!

     

    Doug
    14 Jan 2014, 08:57 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Take care, Doug.
    14 Jan 2014, 09:15 AM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Doug,

     

    Best of luck !
    14 Jan 2014, 09:33 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    Good luck Doug. Sorry your articles aren't getting handled well & value not added to the site.

     

    And nope they aren't "in Israel." and that's not to blame for problems you've experienced. Good old Americans are running this site.
    14 Jan 2014, 10:13 AM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (4828) | Send Message
     
    Land of Milk and Honey,

     

    Thanks. I understand what you are saying, because I made a comment before about them being in Israel. Please don't make this an Israel issue. I am not.

     

    I have nothing against Israel and not blaming anyone there, but I do know that most of their editors are in Israel as they have told me so. They approve (or deny) my articles always around 2AM PST. Their editing manager in the U.S. is George Moriarty and he is the one who helped me publish the second to last article after my refuting the editors from Israel's denial and in this case he agreed with the other editors.

     

    They have specifically told me they don't want articles written about physical gold in the past, only stocks, ETF's and Mutual Funds (and Hedge Funds). They do not consider physical metal an asset class and have fought with me on this with regards to my articles since before they had a "Gold and Precious Metals" category. I have quit them many times over their bias!

     

    Here is the article they denied because they said "the focus seems to be more on passionate discourse than on a balanced, forward-looking, and actionable analysis. To wit: You don't answer the question posed in the title. We'll pass on this one."

     

    I sent them this reply which they ignored (my submitted article which I changed to eliminate Seeking Alpha crap they want from my articles promoting GLD etc. and posted on my site is below);

     

    I wrote;

     

    "Again you are way off base with your observations. I'm not sure why I have to defend each and every article I write with you, but it seems this is your pattern.

     

    The article clearly states how Market Makers move markets. How is this a "passionate discourse?" For those who have read my articles, they know what my "actionable analysis" is but every time I write that into my articles you complain I am trying to sell gold when I clearly have said I am positive for gold in January (and was correct with the article I wrote in December where upon my next article you asked "why should anyone listen to you" and I subsequently sent you all the reasons why before you finally published that article) and I'm negative moving forward as we will approach the lows again in gold.

     

    This current article you passed on was clearly saying don't get caught up in this run up in price as Market Makers will move the market lower.

     

    You actually said in your denial, "To wit: You don't answer the question posed in the title."

     

    Did you even read the entire article or just go to the end and look to see if I answered the question?

     

    I wrote:

     

    It would come as no surprise to me that they take the price of gold down below $1,000 in 2014. From there a 15% further drop to $850 would not be out of the question either. If we do get these extreme moves down in gold, then we can assume that the bounce off the bottom will also come and gold will more than likely break to higher highs and at some point all-time highs again.

     

    Please let me know how this is not "forward looking" and "actionable analysis" when I give prime examples of what Market Makers do.

     

    Please explain or reconsider."

     

    : Will Gold Fall Below the 1980 Peak of $850? http://bit.ly/1hTzfIt
    14 Jan 2014, 11:24 AM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (4828) | Send Message
     
    I took out this paragraph from the article I wrote; "The common thread I hear in the Seeking Alpha comment section on gold related articles are from those who like to criticize many who support investing in gold by comparing gold to a stock investment thinking the gold investor, because they have a little more passion about their reasoning, only invests in gold. They discount the fact that an investor in gold might just also be invested in common stocks with a properly diversified portfolio. Can one be long stocks but at the same time call out the Fed and Congress on their continued monetary and economic policy they see as long term horrific and potentially dangerous for stocks?"

     

    They didn't say it, but perhaps they objected to it. Don't know.
    14 Jan 2014, 11:40 AM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    Has anyone dealt with the Bad News of the NEW Tax on Real Estate rental property yet? I just met with my tax acct. today,looks like 3.8% on my property ,he said it was the NEW Obamatax.
    14 Jan 2014, 07:05 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (10252) | Send Message
     
    Coins,

     

    Yes and here is a link to a detailed doc that outlines the new tax
    Its not only rental real estate but a lot more
    it was passed to help fund the obamacare debacle..

     

    http://bit.ly/1a5hsLV
    14 Jan 2014, 07:25 PM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    Thanks I appreciate it !
    14 Jan 2014, 07:32 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Guys

     

    Thanks for that great news.. My appt is next week..
    14 Jan 2014, 07:46 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Say it aint so! I thought Obamacare funded itself just by way of how great it is...
    14 Jan 2014, 08:32 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1832) | Send Message
     
    Doug, Many of us will miss your great articles that you have posted on SA. The Gold & Precious Metals has lost another quality author. A real bummer after I had just heard earlier today of the tragic loss of Emmet Kodesh, back in December.

     

    I can appreciate SA wanting to have some censor control over what is published on this site but I feel it is very unfortunate that they have come down on guys like you. It is a lose/lose situation for SA, Doug Eberhardt, and the rest of us that read and comment on your fine work. I will keep up with your articles on your blog.
    14 Jan 2014, 08:47 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    @Doug

     

    You made it an Israel issue mentioning Israel, when by your own statement here, that's not relevant. That's what flagged my attention. Would it have come to mind to mention, if they'd been in the UK (which the owner/president is from)? I'm glad it's not relevant to you, and not a blame game. It just flagged my attention for that reason, but sounds like it was a trivial side comment... so moving on...
    ...What strikes me as possibility relevant, is communication style? -- it's quite different in different countries, and that may be where you're running into an obstacle. (I wrote tech manuals at one point, and the style of the same document for instance for Japan (poetic, extremely polite) and US (blunt, unabashed) was unbelievably different... you wouldn't guess you were reading about the same product.) Well, that's a thought, but I have -no- idea if it applies here.

     

    On the problems, I'm really not in a position to judge. Your gold knowledge is way over my head. What you're describing is an anti-gold bias, which I'd guess stems from their vision of what will make the site successful and draw attention -- rather than as much an opinion on gold itself as an asset. Namely they're picturing stocks as the key to the site. Again, I think it's unfortunate if your information doesn't find a home here. ...but at least it's available on your own site. And at any rate, sorry you are having a frustrating experience.
    14 Jan 2014, 09:26 PM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    The Good news is, they have the money,the BAD news is, it's in OUR pockets !
    14 Jan 2014, 09:31 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (4828) | Send Message
     
    @ Land of Milk and Honey...

     

    Thanks for the feedback and your concerns. Yes, I was primarily harping on the fact in a prior comment that the time delay was my issue, not Israel itself. I was frustrated because I put dates in my article that if a trading day goes by (24 hours) the article doesn't make as much sense as I use words like "today" in it as well as price levels. This is frustrating for a perfectionist like me.

     

    Here's exactly what I said back then regarding Israel; "I think Seeking Alpha editors took today off (they are mostly in Israel). Been over 24 hours since I submitted my article by checking the expedite box for timing reasons. Now it won't make as much sense. Rather frustrating to have to wait so long."

     

    Yes, that is an Israel issue and yes that would be a UK or South Africa issue if most of the editors were living there. It has nothing to do with ownership of the site. But you said that their editors are not from Israel and this is not true. Most of them are and I have spoken with them and they told me so, hence the time delay. As an American who deals with articles that I want put up right away and having to deal with delay after delay because of their location and then battles with them which take another 24 hours on average to get resolved (48 hours later), this is unacceptable to me and that is why I am moving on. Hope that clears things up. It's like any mention of the word Israel and your thrown into the "hate Israel" camp and I hope you didn't judge my comment that way by remembering it that way. Nothing could be further from the truth and I don't deal in conspiracy theories.

     

    I have battled with the editors as I have said since before they had a "Gold and Precious Metals" category. I think those on Seeking Alpha should probably thank me for this as well since they finally added that category. I have documented every conversation we have had since the beginning and will be writing an article on this bias as well. I have documented CNBC bias via video too. In my book I exposed the CFP program as being biased as well as the entire Financial Advisor system (via their training which I was a part of). This is what I do!

     

    Seeking Alpha is no different. I just think people should know what financial media is doing to keep good information from the general public and I would hope my articles bring good information. In fact, I should thank the Seeking Alpha Editors as they will just make my case easier to show bias in my next book.

     

    The editors do have the right on their site to as you say, " Namely they're picturing stocks as the key to the site." They have told me this. This is why in most of my articles I started to use "GLD" or "SLV" in place of my recommendation of "physical gold," even though it is against what I preach. As you know, these ETFs are simply proxies to gold and silver.

     

    But in their last objection to my article that I had to overcome (before this latest one), they went back to 2 comments I have made in 2 articles, one from 2011 and one from Feb. 2013, and tried to justify their case that I was trying to sell gold and was wrong about gold. I then sent them my entire work, the subject of an article I am putting out today that they would never post here on SA about my calls that last 12 months and how accurate they have been. They then allowed that article but I had to change the title from the one on my site and because of it I got a lower view count (I know what titles make sense and no, I wasn't making money off the article). Again, I have documented all of the times I have had to counter their objections to my articles. I have better things to do with my time than combat them almost every article. I'm tired of waking up at 3 in the morning to read their objection and then spend the next few hours refuting it, submitting it to them by email and then waiting for a reply because I have to fight to get the article out in time so it makes sense.

     

    My last article I submitted was about 3 stocks and GLD. It had nothing to do with physical gold. I played by their rules, I refuted every issue they had in objection to the article and they could not justify to me their reasoning any further than what I wrote above.

     

    Thanks again for the feedback.
    15 Jan 2014, 10:19 AM Reply Like
  • CoinsK
    , contributor
    Comments (3683) | Send Message
     
    Speaking about the obamacare tax and penalties of course.

     

    "The Good news is, they have the money,the BAD news is, it's in OUR pockets"
    15 Jan 2014, 02:48 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    .Wow, it's been 3 chapters since I've been posting... (personal stuff had my attention.) And just for that, the reply button still exists on here.

     

    Doug -- ... if I'd seen your prior comment I wouldn't have posted, since context would have been obvious. Here too, your lack of ranting reply gave away that it wasn't about Israel, just frustration with a specific problem :).
    ....By contrast, 99 out of 100 times, when Israel is mentioned and not directly relevant, the replies are defensive and ranting and make themselves obvious (usually with ideas quoted from protocol of the elders). So umm, your lack of lunacy gave away that you were just frustrated for real! Just a couple weeks ago, one of the early posters to this blog who doesn't post here anymore, responded to someone in SA just that way, with quotes from a Stormfront-type site. Always surprises me, but better to know and avoid them, than not know.

     

    On your actual complaint that they're going in circles. One thing that puzzles me is their responding at 2am. Israel is 7 hrs earlier east coast, 10 west coast. So that's at the very end of business hours or after hours. If they've gotten the idea that you're "out to challenge media," that could create reluctance. It sounds like you're dealing with one particular person, and they aren't very focused in how they evaluation input. (As in they miss your answers, and ask all over again.) That's tough to solve, especially in writing vs voice. Don't know what else to say, but hope it works out better in the future.
    21 Jan 2014, 02:41 PM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (4828) | Send Message
     
    I understand where you are coming from Land of Milk and Honey and appreciate your understanding me and what I am going through. By the time they get to gold it is always around 3am PST. They don't know I am out to challenge them as I haven't mentioned it but here lately. I try to keep what I'm writing about quiet as I don't want them to kick me off of here. I have actually quit Seeking Alpha 3 times now, but keep coming back, lol. I just don't like having to mention GLD or SLV etc. in my articles.

     

    Cheers!
    21 Jan 2014, 03:14 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    IT, here's what you could do to see how to best decide about your condo.

     

    List all the benefits….like not having to do the lawn. Low costs, like property taxes. Is it important to you to see family (your daughter, all the other relatives) on a regular basis?

     

    Now list the costs. How much are your monthly, yearly expenses. Don't forget insurance. If you lived in the South, it may look cheaper at first. But finding part time work (thinking of your wife) might be hard. Plus, you won't have the social network that you now have. Unless you are moving somewhere where you already have lots of family & friends living.

     

    If you want to move to a warmer place, before you sell your current residence, go spend some time in the place you are thinking about. Be sure to visit when the weather is bad too, like August in the South. I can't take the heat in Florida, so I'd never move there.

     

    Figure out if taking a vacation every year, in say January, might be a better option than actually moving.

     

    No matter what, we will always live close to our son. Can't imagine what it would be like living a long ways away from him.
    14 Jan 2014, 09:44 AM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    IT, also have some thoughts about your daughter starting to invest. I've been trying to do that with my son too, and it's hard getting his attention for more than a minute.

     

    So what I've decided to do is start investing for him. I'm planning on opening up a Roth IRA, to get him started. We actually have until April 15th to open one for 2013.

     

    I hear you about having to be extra careful with your investment money. This is why owning some bonds can greatly help your portfolio. Ideally, the money coming in will keep your portfolio growing, especially as you invest that money. Dividends/interest from stocks, bonds, ETFs etc. should give your portfolio yearly income. The hard part is deciding what %'s and deciding where to put the money.

     

    As we get older, we should keep 50% or more of our investments in conservative choices. Even though I have a lot of stocks now, they are primarily blue ribbon, dividend growth stocks. Choices like (NLY), (PTY), etc. give a real boost to the portfolio's income.

     

    Another way to save more is to spend less. IMO, this should always be your goal, from your teen years on. I don't like wasting money on clothes, eating out, fancy cars or any of that. I'm a real tightwad, you might say! However, this has enabled us to pay off our mortgage, and have absolutely no debt. Needless to say, I don't remember the last time I bought a new winter coat, or any clothes. The ones purchased years ago (on sale, of course) are still good enough for me. Our cars are over 10 years old. Cheaper to maintain them than to buy new! Doubt if I would ever buy a brand new car. You save a lot of money buying a three year old one. Bikes, and walking are the best ways to get around. Live in a place that allows you to walk to the grocery store, post office, and library. Where can you find all that? In small towns.

     

    In spite of all this frugalness, we lead very happy lives. It's not about how much money you make, it's what you do with it that counts.

     

    Their are some authors here that explain how to choose an investment very well. Chuck Carnevale and David Fish are my favorites.
    14 Jan 2014, 10:29 AM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Futures look good for my portfolio challenge.
    i'm thinking SRE long,i ain't discussing gold
    with my buds anymore,more power to them !
    15 Jan 2014, 06:06 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    IT must have worn himself out beating on the drums of doom & gloom so hard yesterday morning... ;)
    15 Jan 2014, 02:37 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    We got to get him out again.
    15 Jan 2014, 02:39 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » YES GUYS

     

    So worn out I have bed ridden with a bad back and heavy meds that I didn't even turn on the computer.

     

    However the markets and gold seem range bound..

     

    JBT...You should know by now, especially a guy with 2 DEGREES, that my job here on my site it to get people to chat. Sometimes I have to make some outlandish comments to stir the pot :)Even I laugh at myself..

     

    Not so sure how long I will last today on the site. Depends on these meds that aren't cheap ;(

     

    But I guess I still have to beat the gold drum some more.. Still waiting for gold to drop around 1k..Care to give me a time frame??
    16 Jan 2014, 01:25 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Read DB'S An BAML target's.
    Afternoon !
    16 Jan 2014, 01:28 PM Reply Like
  • User 7415181
    , contributor
    Comments (1032) | Send Message
     
    I and others are not convinced you are the real IT. Whoever you are, you may have just hijacked his account. Need picture.
    Newspaper/outside in cold/pajamas.
    16 Jan 2014, 01:32 PM Reply Like
  • User 7415181
    , contributor
    Comments (1032) | Send Message
     
    Huh. Managed to sell (AGC) for a 10% gain after only holding for a few months. Still have another dividend inbound from it. I believe I made almost the exact trade a year ago.

     

    Proceeds went into (OFG) B share preferreds.

     

    What I'm noticing about cefs, in general, is that they start getting sold off heavily during the summer and fall and start picking back up during the new year. Or at least that's the way it's gone since I started researching them in 2010 or whenever it was. So I guess that buying into cefs in particular over the last couple of months might pay off down the road.

     

    Good news is that this is a three paycheck month for me. So get to invest in something else this week. (OXLC) O shares and (NRF) D shares are considerations if they stay about the same price. Problem is that preferreds seem to be rebounding, so might have a change of plans if they keep creeping up by Friday.

     

    Anywho, I didn't feel this warrented me writing an entire instablog for the 0.25 people who bother reading it.
    15 Jan 2014, 04:04 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    user,
    very interesting investments,with defensive and offensive mechanisms in combination,it says a lot.
    I think the graphs said a lot about the strengths and weaknesses in this market.
    Definitely a sophisticated strategy.
    15 Jan 2014, 07:03 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    user,
    very interesting investments,with defensive and offensive mechanisms in combination,it says a lot.
    I think the graphs said a lot about the strengths and weaknesses in this market.
    Definitely a sophisticated strategy.
    15 Jan 2014, 07:03 PM Reply Like
  • User 7415181
    , contributor
    Comments (1032) | Send Message
     
    AR,

     

    Thanks for the reply. Still definitely learning, so I'm trying out one strategy (high-yield/value) for the taxable account and another for my retirement accounts (long term swing trade). I'll see how it goes for a couple of years and hopefully through an ugly correction along the way and try to figure out which strategy seems the best overall.

     

    Right now it seems like the long-term-swing is working best, but may revise my opinion when things change.
    15 Jan 2014, 07:36 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    User 7415181,
    I'm tracking,
    Right now i'm radar and future cast we cold 15 days ahead of us i got a premium in the media flow on (CHK)(D)(NI)
    Thanks for the dime SA.
    21 Jan 2014, 02:48 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    The long term swing is the one you want to work the best,Correlating combinations in an investment structure isn't easy and like you say it's always the unknowns of "Time".
    10,20...30...year charts aren't a bad idea where possible.Takes a lot of work to survive,and it's so fragile.
    15 Jan 2014, 07:46 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    This is a talented Group.Something like this doesn't come along all the time,I don't think it's going to get easier and only Brains,money & the right people will see it to the end,Nirvana.
    15 Jan 2014, 08:02 PM Reply Like
  • User 7415181
    , contributor
    Comments (1032) | Send Message
     
    "only Brains,money & the right people will see it to the end"

     

    Some people may be lacking in all three, but I'm thinking willfull ignorance and stubborness may lead to positive outcomes as well. : )
    15 Jan 2014, 08:58 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Shine !
    15 Jan 2014, 08:59 PM Reply Like
  • BlueSkyForever
    , contributor
    Comments (2964) | Send Message
     
    Hi IT, hope you are doing ok! Haven't seen you commenting today.
    15 Jan 2014, 08:51 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    I know...Blue i have to study your portfolio strategy,good evening.
    15 Jan 2014, 08:56 PM Reply Like
  • User 7415181
    , contributor
    Comments (1032) | Send Message
     
    BSF,

     

    This is disturbing about IT. I am hopeful he's not dead. I for one, am demanding a picture of him with today's newspaper in his hand.
    15 Jan 2014, 09:02 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    I'm tellin' ya'... After yesterday morning, he may very well be in his bunker, lording over his gold coins... :)

     

    Anyone have a shortwave radio so we can tell him it's ok to come outside?
    15 Jan 2014, 09:42 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BSF

     

    Thanks for the concern. Unfortunately me wanting to be old fashion I TRIED to carry the suitcases this weekend when we went away..

     

    Well it hit me with severe back spasms that kept me off my feet for a few days. As I posted above the meds were strong, mostly pain meds and muscle relaxants. DR said to just relax, so I didn't even turn on the TV for 2 days.

     

    Gotta catch up on what the markets are doing. It seems range bound for a month now. Any opinions why??

     

    Thanks AGAIN, and Doug I am sorry to see you go. But your always welcomed here..
    16 Jan 2014, 01:30 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Symmetrical resistance and cautious "profit taking" (GS)
    16 Jan 2014, 01:33 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    I just fired up my drones to start their protection of my metals. Finally all of our snow melted !!. Now I have to figure out where I buried it !

     

    Just received my order of that 25 year life food. Um Um good! Just need some more ammo, and I will be set. Upstate NY still has a shortage of .22 shells...
    16 Jan 2014, 02:52 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    I know a guy in TN who could supply you... For a small mark-up, of course. ;) I figure people who bury gold and silver coins like a pirate of old can afford it...
    16 Jan 2014, 04:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    I buried my mark-up money !!:)

     

    Kids are all over my property with those metal detectors !! Gotta go fire some rounds off into the air.. Hate too waste them though. Sure I will use them on the zombies one day :)
    16 Jan 2014, 04:21 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    He is Brilliant the first glint of leadership in a long time.
    15 Jan 2014, 09:05 PM Reply Like
  • User 7415181
    , contributor
    Comments (1032) | Send Message
     
    Agreed. But the star that shines so bright burns half as long (or something like that). Like I said, a scantily clad picture of himself with today's newspaper in his hand would go a long way to dispelling internet rumors and such.
    15 Jan 2014, 09:11 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    User,
    I am scared,i lost some good friends after 2008,real estate &Financial's,never quite got over it
    15 Jan 2014, 09:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » USER

     

    I am alive !! But didn't feel like it for a few days. Wife is pushing me now to at least sit up and annoy everyone !!

     

    JBT.. Can is tick my head out of the bunker yet? Tired of eating this canned food and ROMAN noodles..hehe
    16 Jan 2014, 01:33 PM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    Good morning,producers fighting like Hades to squeeze those % up
    got dime this morning ! they never let me down.
    16 Jan 2014, 06:44 AM Reply Like
  • al roman
    , contributor
    Comments (17647) | Send Message
     
    ...hehe
    16 Jan 2014, 01:35 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT..GOLDS at $1240.. What should I be worried about. SILVER is over $20...

     

    Back into the bunker.. (PSEC) still giving me that great MONTHLY dividend...

     

    Gonna start a new chapter ....Will post it when it is ready !
    16 Jan 2014, 01:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » NEW CHAPTER WITH A TRIVIAL QUESTION FOR THOSE WHO LIKE SPORTS !!! WINNER GETS ???

     

    Plus a comment for all to respond to..

     

    http://seekingalpha.co...
    16 Jan 2014, 01:46 PM Reply Like
  • indianamark
    , contributor
    Comments (2202) | Send Message
     
    Some still want to claim there is no manipulation of precious metals. We still have the joke called Comex setting the price. Yesterday the U. S. Mint asked $43.95 for an American Silver Eagle. The only problem was they were out of stock.The Mint didn't sell any ASE's after Dec. 9, 2013 and not until, I believe, this past Monday.

     

    The price of gold in India is reported to be $1500.00 an ounce. and selling like never before.

     

    So we have higher prices in the real world and shortages everywhere and an unrealistic Comex price. If the prices aren't rigged, you could have fooled me.
    16 Jan 2014, 02:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » PLEASE COMMENT ON ABOVE POST IN THE NEXT CHAPTER..I ALREADY COPIED AND PASTED IT THERE !!!
    16 Jan 2014, 02:45 PM Reply Like
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