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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 » THE POST BELOW WAS MADE BY TOMMYVILLE. I HAVE ASKED HIM TO EXPAND ON THIS IN THE PRIOR CHAPTER..

     

    I'm not even eligible to receive assistance. Born and raised in Austria,lived some years in the US and now in Spain,in my case it's not about pride but survival. But hey no complains,life is a journey,where it ends is no mystery.
    23 Feb 2014, 04:14 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Sorry, I meant TOMMYINEXILE !!
    23 Feb 2014, 04:34 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    IT & Tom very interesting !
    23 Feb 2014, 05:05 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Rankings Name Gain/Loss Portfolio Value Percent gain/loss
    *** 1st *** FearandGreed $23,497.42 $123,497.42 23.50%
    ** 2nd ** IT $20,920.06 $120,920.06 20.92%
    * 3rd * CoinsK $18,707.98 $118,707.98 18.71%
    4th John Wilson $14,529.14 $114,529.14 14.53%
    5th Windwood $14,381.93 $114,381.93 14.38%
    6th User7415481 $11,077.94 $111,077.94 11.08%
    7th JohnBinTN $9,633.37 $109,633.37 9.63%
    8th ExtremeBanker $9,614.37 $109,614.37 9.61%
    9th Krustyman $9,565.34 $109,565.34 9.57%
    10th BlueskyForever $8,109.59 $108,109.59 8.11%

     

    Sorry, I forgot to post this !!
    24 Feb 2014, 12:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » OK, as I wait for TOMMY'S response what's on tap this week as reports investors are waiting to see ?
    23 Feb 2014, 04:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » POSTED THIS IN THE PRIOR CHAPTER BUT FOUND IT SO COMFORTING I FIGURED I BRING IT HERE AS WELL !!

     

    Transcripts show how Fed took time to understand scale of crisis

     

    Transcripts of FOMC meetings during the financial crisis in 2008 provide an insider's view into how the Fed dealt with the ever-growing disaster, including the rescue of Bear Stearns, Lehman Brothers' bankruptcy filing and the bailout of AIG.

     

    "My initial takeaway...is that they paint a disturbing picture of a central bank that was in the dark about each looming disaster throughout 2008," writes Gretchen Morgenson in the NYT, "That meant that the nation's top bank regulators were unprepared to deal with the consequences of each new event."

     

    In March 2008, for example, then NY Fed chief Timothy Geithner thought banks were adequately capitalized.

     

    The NYT also profiles Janet Yellen's role, saying she "often became the most outspoken defender of the (Fed's activist) policies, and a reference point for others."
    23 Feb 2014, 04:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » I GUESS THE OLYMPICS ARE OVER. SO IT'S BACK TO BUSINESS HUH ?

     

    Ukraine's parliament removes President

     

    Following a week of violent anti-government protests that has left dozens dead, Ukraine's parliament yesterday voted to oust President Viktor Yanukovych and to set elections for May 25.

     

    The ballot came not long after demonstrators took control of Kiev's city center and Yanukovych left the capital to the eastern part of the country. He tried to board a plane to Russia but was prevented.

     

    The parliament also freed opposition leader and former Prime Minister Yulia Tymoshenko from prison after 2 1/2 years of incarceration.

     

    The removal of Yanukovych comes after S&P downgraded Ukraine to CCC from CCC+ and said that the country is likely to default because of the political situation

     

    Yanukovych's ouster could pull Ukraine, which is a key east-west oil route, back towards the EU and away from Russia. Demonstrations first started against the government in November after Yanukovych rejected an EU integration pact in favor of $15B in Russian assistance.
    23 Feb 2014, 04:30 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Wow IT,I don't even know where to start since that subject would fill several Blogs.
    The media is full of BS.
    23 Feb 2014, 04:49 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » T

     

    Type away !! Please feel free to break it up along the way if that is easier for you. I would like YOU to open some eyes for us !!

     

    Up to you if you want to..
    23 Feb 2014, 05:02 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Would find it easier if you could ask questions and we'll take the topics one at a time.
    23 Feb 2014, 05:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TOMMY

     

    Ok, why do you feel helpless when you had some confidence a few years ago? What changed ?

     

    Others please feel free to ask as well what you would like to know..
    23 Feb 2014, 05:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » NOW VENEZUELA ??

     

    http://huff.to/1cFg6q9

     

    What is going on ???
    23 Feb 2014, 05:25 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    I don't feel helpless, I got a Wall street ATM machine.
    But the general population does. Business was booming in all sectors because of easy credit. What changed? Banks are not lending.
    23 Feb 2014, 05:27 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Spaniards feel cheated,because they thought,live would get better by joining the EU.
    23 Feb 2014, 05:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » How high is unemployment?
    23 Feb 2014, 05:30 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    26%+ official,but for certain a lot higher.
    23 Feb 2014, 05:33 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    That unemployment rate is stressful to live with...!
    24 Feb 2014, 10:34 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    LOMAH
    Folks in the so called "PIIGS"countries have been accustomed to hardship from the last century.
    They adjust,there is however a disappointment among their general population,because they thought that hard times will would never come again.
    The only difference is that most are now in debt.
    25 Feb 2014, 04:07 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » NO INFLATION ?

     

    http://aol.it/1cFgHrU
    23 Feb 2014, 05:30 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Many people are complaining of the constant rise in prices. When adopting the Euro a cup of coffee went from 0.60 to 1 Euro over night. But since banks where giving out credit easily,most folks did not care too much. Went nuts. Since I keept living within my means I was told back then,why don't you go to the bank and ask them for money so you also can buy........My response was,well you gotta pay that back and was literally belittled. They though there was free lunch.
    23 Feb 2014, 05:44 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    16 hour lunches !
    23 Feb 2014, 05:46 PM Reply Like
  • tommyinexile
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    Comments (414) | Send Message
     
    For years they where envying the northern Europeans thinking they where rich. So there was an eagerness to catch up.
    23 Feb 2014, 05:31 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Well now they found out that there ain't no free lunch,and where really upset that banks got bailed out ,while many people lost their homes.
    23 Feb 2014, 05:48 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » How did people lose their homes ??
    23 Feb 2014, 05:58 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Could not pay their mortgages,also took credit for cars,vacations........... folks didn't even think they had to pay it back. Since properties kept on gaining a lot each year ,at some point 17% annually,combined with declining interest rates,most just figured that they would sell their homes for a major profit. When going to the bank for a mortgage,bankers told people "why don't you borrow €30K more and by a car"
    23 Feb 2014, 06:13 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TOMMY

     

    Boy, does this sound familiar ...
    23 Feb 2014, 06:33 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    And How !
    23 Feb 2014, 06:35 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    It does... it's like what happened here in 2007-2009, and the aftermath.

     

    I also didn't buy a house on credit because prices seemed unreasonable... and I was getting credit offers that were insane. No way I'd take on that much debit. But it was the "in" thing. I opted not to.. which is why I was later able to buy, and not have to foreclosure to have an upside down mortgage where you owe more than the house is worth.
    24 Feb 2014, 10:37 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Good for you LOMAH.
    Most people can not resist social pressure.
    I sure hope that retirees that have been pushed
    to seek higher yields through the "great rotation"
    are not ending up getting fleeced!
    25 Feb 2014, 04:18 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Ok that was back then but has it's relevance for the present.
    23 Feb 2014, 05:50 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom i'm at the edge of my seat !
    23 Feb 2014, 05:52 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TOMMY

     

    All we read here is that the EU is getting better. That your coming out of a recession. Is that true ?

     

    I see you also have govt reports about unemployment that you don't believe ?
    23 Feb 2014, 05:57 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    No. Not in the Medideranian countries,neither Ireland,England,France... can I believe gov.reports,when seeing the opposite
    23 Feb 2014, 06:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TOMMY

     

    So do you see this spreading to the States ? Are our markets immune ? It seems that your analysis is that we can go a lot higher ..

     

    I find that interesting ...Why are the States safer?
    23 Feb 2014, 06:36 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    I also know some small business people,in Cali and they are having a tough time. Brother in law,close to bankruptcy.
    No I'm short term bearish major indices but bullish on Gas and Agricultural commodities at the moment.
    Yes major indices could go higher,markets can stay irrational for a long time,maybe investors from the emerging countries will seek the "safety" of western countries or will find themselves forced to withdraw their investments from the west,I don't know.
    23 Feb 2014, 06:51 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    A large number of young university graduates are leaving the country,because they see no future perspective.
    Theft has risen dramatically.
    23 Feb 2014, 05:56 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TOMMY

     

    Do you know if this is spreading to other parts of the EU ?
    23 Feb 2014, 06:03 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Of course it has been spreading,Right wing parties have gained a lot of popularity,in many countries.
    23 Feb 2014, 06:29 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    May i ask what is their country of destination ?
    23 Feb 2014, 06:01 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL,mostly Germany since Merkel came to Spain saying that they have a shortage of talents,but also England,Holland,Belgiu... within Europe.
    23 Feb 2014, 06:25 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom,thank you.
    23 Feb 2014, 06:28 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    We life in the mountains,very peaceful place,closest neighbor is ~2 miles away,it's heartbreaking to see all these long faces that used to be smiling,when we go for supplies.
    23 Feb 2014, 06:36 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TOMMY

     

    Any opinions of gold and silver ?
    23 Feb 2014, 06:41 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Gold,silver no opinions,have silver cutlery,which we use on a daily basis and ~6 % of (PHYS).
    23 Feb 2014, 06:55 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    Thanks for sharing tommyinexile about Spain's situation. That was interesting. I wish you all better economic health.
    24 Feb 2014, 10:39 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Thanks, LOMAH, wish you folks in the States the same, because got that eerie feeling that the situation isn't that much different, with the exception that there are a lot more violent crimes in the US.
    25 Feb 2014, 04:25 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Guys NG futures just opened 6.39 .25 4.11%
    23 Feb 2014, 06:45 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » AL

     

    I just turned my furnace off and started the fireplace !!
    23 Feb 2014, 07:06 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Now if you had some ed and peg and nu,who's the....y
    23 Feb 2014, 07:30 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    IT you'd be the King at mega cap gas leverage.
    23 Feb 2014, 07:32 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    That's good news AL,maybe there is also a little bid of price gauging going on besides weather! I'll most likely join you on that gas bull this week.
    23 Feb 2014, 07:01 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Wensday is the coldest day coming for the states.Then gradual up but inventory is low and production was hampered
    by weather,I think at the end of my career it will be Gold and Silver but i'd rather follow in the foot steps of the greats first.
    23 Feb 2014, 07:05 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Good night guys,it's 1 am,gotta rest to be ready for another battle!
    23 Feb 2014, 07:06 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Good night Tom.
    23 Feb 2014, 07:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TACK

     

    Would you agree with this article about the top 3 CEF'S ?

     

    http://seekingalpha.co...

     

    Additionally what sites would you recommend for beginners in this arena ?

     

    Thanks!
    23 Feb 2014, 10:28 PM Reply Like
  • Tack
    , contributor
    Comments (16378) | Send Message
     
    IT:

     

    Many, many CEF's out there and a bunch of good ones. What's best varies with market conditions.

     

    My favorite site is http://bit.ly/o4ngfR.
    23 Feb 2014, 10:46 PM Reply Like
  • Adam Galas
    , contributor
    Comments (460) | Send Message
     
    Recent though I had while researching companies in my dividend growth portfolio:

     

    http://seekingalpha.co...

     

    Right now everything seems over bought. At times like this a good BDC like PSEC, which yields 11.7%, seems real nice. While others sit on sidelines I can be invested and reinvest my dividends. If market corrects 20%, then yield climbs to 13-14% and I can reinvest at better and better prices.

     

    When market goes back up then I gain capital gains, plus own a lot more shares. Can't really see the down side or how dividend growth can beat in the long run. Now if my share count is increasing by a net 10% annually.
    24 Feb 2014, 12:38 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » ADAM

     

    So you seem to feel that (PSEC) is still the better play even though they are diversifying into other areas ? I think I have read they are now lending to some that aren't top notch, getting involved with autos?

     

    A I mistaken ?
    24 Feb 2014, 08:47 AM Reply Like
  • Adam Galas
    , contributor
    Comments (460) | Send Message
     
    Yes they are diversifying. No I don't think its a bad thing. I think we have the best management in the business and they will do what they must to keep the dividend safe and growing.
    26 Feb 2014, 08:44 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    IT
    " What do the citizens think about their government? "
    The previous government (socialist) got blamed unjustly for the entire mess. Naturally the voters gave the opposition majority,where relieved at first,thinking things would turn around.(similar to when Obama got elected)
    Now the people are really angry at the government,mainly because of austerity and the corruption scandals,but of course,if the economy would be fine they would not care at all.
    24 Feb 2014, 06:11 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TOMMY

     

    Do you hear that this is a common theme in Europe?

     

    As I stated we read in the States that Europe is improving.. Are our TV reports wrong ?
    24 Feb 2014, 08:49 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    How often is TV right?
    Emilio Botin,owner of (SAN) one of the 29 globally systemically important financial institution,has said last fall on TV,that Spain is improving. You should have seen the outrage among the population.
    I get it,if the truth would be told,international investors would avoid Spain,causing more problems. That's why Germany consents to the gov. cooking the books. They,however no the real figures.
    24 Feb 2014, 09:24 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Sorry,Know the real figures.
    24 Feb 2014, 09:29 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    A chicken in the pot a warm toilet and bed who cares Barry.

     

    Good morning.
    24 Feb 2014, 06:17 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL
    did you see NG futures. What's going on,@ $5.18 +3.49%?
    Is it a mistake?
    24 Feb 2014, 06:45 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom,it's cranking,between me and you,the h men want a pipe of ng up everyone (UIL) is 20% a year on conversion and new const. every where these guys go Po Po's their and the finest $$ cha ching !!! shhh,please.
    24 Feb 2014, 06:49 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » AL

     

    Gotta buy some more wood !! Even that isn't cheap anymore!
    24 Feb 2014, 08:50 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Working on it, maybe even an IPO (Gold Mine)
    24 Feb 2014, 08:51 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Luckily we own a Forrest,abundance of fire wood,hard work though.
    Love the warmth that the woodstove produces!
    24 Feb 2014, 09:07 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tommy you and IT saw it coming.
    24 Feb 2014, 02:06 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL
    around 2001 we were considering a mortgage,did not like the idea of being in debt and decided to buy a house straight out in an area that we could afford to,down scaled our live style,and we are very happy to have done that.
    Debt free to this moment!
    24 Feb 2014, 04:49 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    tom,i hear you.Best way to go.
    24 Feb 2014, 05:04 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Looks like silver is going to blow right through $22 per ounce . Gold still moving forward..

     

    Where is Coins when you need him? In fact he is buying (DUST)... Wonder what he knows !! Humm
    24 Feb 2014, 08:53 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Boss i always take (DB)'s guidence serious,look sharp.
    24 Feb 2014, 08:54 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL
    are you not seeing the drop NG has made overnight?
    24 Feb 2014, 09:10 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Positioning,does it every night,night traders are freaks.
    Should see some of the uts at night, Holy Cow !!!
    it's Phil Resutto !!
    24 Feb 2014, 09:13 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Thanks for clarifying.
    24 Feb 2014, 09:31 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Green is green whether night or day.
    Irons Hot.
    24 Feb 2014, 09:32 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    NG futures roll date (tel:2/24/2014-2/25/2014) .That's why!http://bit.ly/1c2gbWV
    24 Feb 2014, 04:53 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Markets keep going up, gold up, silver up, ....Can anyone explain this ??
    24 Feb 2014, 12:38 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Shadow QE ops ?
    24 Feb 2014, 12:42 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1828) | Send Message
     
    QE at $65B per month is still very bullish for the markets, including gold & silver. The metals have had high physical demand with all this fiat creation, but the paper price has been managed lower throughout January. Gold is being allowed to rise right now imo.

     

    I'm still the guy that thinks $1,200 gold is the bottom in this market. We may see a bull-trap building to bring gold back down to the $1,200 range.
    24 Feb 2014, 02:53 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1828) | Send Message
     
    "but the paper price has been managed lower throughout January"

     

    Oops! please substitute "2013" in place of "January" on that last comment...
    24 Feb 2014, 02:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » OAG

     

    I wish I had a clue at what price they will *manage* to slow down the rise ?

     

    Manage is the new word were using , correct?

     

    I posted to buy at gold $1190, and silver below $20.. Funny how the premium of silver is still high at most shows I go to..

     

    But I would be hesitant to buy gold at these prices right now.. If the economy is hitting on all cylinders then silver is undervalued.

     

    But find me a place that will sell you a small amount for less then 3 bucks over spot. Then you add shipping..

     

    You think since the central banks are now net long on the metals the price is rising ??? They would not play games like that , would they?
    24 Feb 2014, 03:34 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1828) | Send Message
     
    I wish I had a clue at what price they will *manage* to slow down the rise ?

     

    Me too!

     

    I do think that the gold price is managed...,that's right, managed, with the primary goal to protect the dollar. A lot of these gold price naked short drops over the past couple years seem to occur at times when the $USD is under a lot of pressure to dive, then all of the sudden, gold drops $20 in seconds, the stock market moves upward, and the dollar stays stable.

     

    Another aspect of this is that this managed gold price needs to also free up as much physical gold as possible to satisfy the excessive demand, particularly coming from the east. sub $1,200 gold price will cut off mining supply resulting in an even bigger mis-match between supply/demand. I think it would also shorten the length of time that the FED would be effectively able to manage price drops via naked short selling.

     

    I'm waiting for the next "bad" news for the $USD to hit the market in a day(s) ahead only to see a decent gain for the stock market, a relatively stable dollar, followed by a $20+ drop in gold.
    24 Feb 2014, 05:17 PM Reply Like
  • crademan
    , contributor
    Comments (2725) | Send Message
     
    If someone buys physical gold or silver, where can they spend it? Where can they sell it?
    24 Feb 2014, 12:41 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » CRADE

     

    Those that own physical are hard pressed to sell it. Some of us accumulate it. WE CALL IT INSURANCE. However If one wanted to sell you can at coin shops, at coin shows, on line to plenty of dealers, Ebay, friends, etc.

     

    Where I live you have a different County having a coin show with over 100 vendors weekly. Most sell collectible coins but have branched out to buy and sell bullion.

     

    It really isn't difficult to sell it if you choose to. The furthest I would have to drive is an hour .But I have no interest in selling just yet. I do go to the shows because I am a coin collector as a hobby for years..

     

    plus , and this is important. Take delivery of what you buy.

     

    IF YOU CAN'T TOUCH IT YOU DON'T OWN IT !!

     

    Please keep in mind most of us own stocks as well. It is just for diversification that I own a % of my portfolio for years in physical metals.

     

    If I sold them today I would make a huge profit , I just choose not to. One day I might , but not yet. Gold and silver are still heading north as well as the markets and that is rare..

     

    So something is up imo>>> Making money on both is fine with me..
    24 Feb 2014, 03:26 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    So, if you don't take physical delivery of your stock certificates, do you not 'own' them?
    24 Feb 2014, 03:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    I do not trust anyone holding my physical metals.. That's the point I was making.. (GLD) and (SLV) have their issues ..Do they have the metals to back up all those paper trades?

     

    Ok, so whose stocks had a great day today? Any standouts or surprises...??
    24 Feb 2014, 03:49 PM Reply Like
  • crademan
    , contributor
    Comments (2725) | Send Message
     
    IT, If you sell and make a profit, how is the profit taxed? Capital gains? Regular income?
    24 Feb 2014, 03:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » CRADE

     

    If you sell it at a show you might not get a receipt.. No receipt, get cash .... You get my point ?
    24 Feb 2014, 03:59 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1828) | Send Message
     
    If you keep good records on the purchase and the sale, this should be subject to a "collectibles gain" which would be 28% under capital gain tax.

     

    Under IRS rules and voluntary compliance of the code, it is a good idea to keep good records/receipts of your purchases/sales, so that you can report the collectibles gain accurately.
    24 Feb 2014, 04:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » CRADE

     

    You can do it OAG'S way as well...hehe
    24 Feb 2014, 04:38 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Yes. People report that like they report the use tax on their returns...

     

    Let me remind everyone - to conduct that activity (sales of PM's that are subject to the collectibles tax) without claiming the sale on your income tax return is a crime, punishable by fines and potentially jail time.
    24 Feb 2014, 05:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » That's a funny post coming from a guy who posted working side jobs for cash ....

     

    I guess your in a joking mood today >>
    24 Feb 2014, 06:26 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Yo !
    24 Feb 2014, 06:27 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Actually, I'd like to see that post where I said I did anything for unreported cash.... That would be news to me. I would have gotten a much nicer tax refund if I did.

     

    I do not evade taxes. If you do, that's all on you. Don't open yourself up to libel, as well...
    24 Feb 2014, 06:27 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Chill guys !! no mas.
    24 Feb 2014, 06:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Nope, I pay all my taxes as well. I might have misunderstood that post. My bad.
    24 Feb 2014, 06:34 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Except at those coin shows, right? <wink, wink>
    24 Feb 2014, 06:38 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » I don't sell my physical....Remember?

     

    Just notice what goes on . Did I say you did not report your cash jobs in my post above anyway?

     

    "That's a funny post coming from a guy who posted working side jobs for cash ...."

     

    Libel isn't an issue..:)
    24 Feb 2014, 06:44 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Good Honey ! Yay !
    24 Feb 2014, 06:47 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    My team of lawyers is pouring over the information. You'll be notified if a suit is filed. ;)
    24 Feb 2014, 06:49 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » A team of them ? I will be monitoring anyone knocking on my door from now on :)
    24 Feb 2014, 06:54 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    O.K who can name the teletubbies ?
    24 Feb 2014, 06:56 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    They don't knock. ;)
    24 Feb 2014, 06:56 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    no.
    24 Feb 2014, 06:57 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Good, I need to shoot off my shotguns about now anyway :)

     

    Won't waste my .22 shells. They are still scarce up here..
    24 Feb 2014, 06:59 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    If you ever saw what they really got,no chance.
    24 Feb 2014, 07:01 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    This is severe Backwardization,SEVERE !!
    24 Feb 2014, 07:04 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » AL

     

    Since our police now have hummers I am concerned to be honest.
    24 Feb 2014, 07:05 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    IT,Those guys when they have to mean serious Bloody business and it want make the paper,i'm not kidding.
    24 Feb 2014, 07:09 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Once you see ops that part of your memory is state property.
    24 Feb 2014, 07:11 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » al, I gave plenty of links about what is really going on with the city police and how they train.

     

    Not sure they will even take prisoners anymore :)
    24 Feb 2014, 07:11 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    The Brothers are half dead from the truth too,in the end you really just want to love your neighbor as yourself at least you dream it.
    24 Feb 2014, 07:16 PM Reply Like
  • crademan
    , contributor
    Comments (2725) | Send Message
     
    IT, Physical silver or gold, or coins are expensive. Don't you worry about pick pockets or theft at a show?
    24 Feb 2014, 09:51 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » CRADE

     

    You have no idea how many undercover guys are roaming around those shows. Plus I rarely sell physical. But if I do I ask for the price then go get it from my car.

     

    If it is a lot they will supply you with a guard. A lot doesn't mean millions. A lot means what is a lot for you !

     

    But those dealers have at least a million bucks on those tables so your good. I have only sold a few things (collectibles) over the years and when I did the negotiations were done before they even saw the product..

     

    One time i was selling a four piece gold set that the mint stopped making and the collectors were going ballistic to get it. I just got lucky that I had bought one.

     

    I sold it for around 9k and had an escort both in and out at my request ! But if you have 100 oz of silver to sell you can do that locally at a coin shop when no one is around..

     

    Now if you are interested in buying some silver I would read this link and PM me with any questions..

     

    http://bit.ly/R9bKtt
    24 Feb 2014, 10:24 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    I got a $25 check for a class action against living social today. Whatever those lawyers made, could have knocked me down with a feather that this was more than $2.5....
    24 Feb 2014, 10:46 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » LOMAH

     

    You need to explain that lawsuit to me. Maybe my age but I have no clue what "against living social" means....lol

     

    But I do know what $25 bucks is !! One ounce of silver ....(cricket)
    24 Feb 2014, 10:57 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    "living social" is like groupon. I had a complaint that wasn't resolved. I have no idea if this is for that complaint... or just the amount of the class action suit. (The accompanying letter had no meaningful content.)

     

    I have some of those silver ounces. Very pretty, get complements every time I wear my earrings.

     

    Chirp, chirp, mr. cricket
    25 Feb 2014, 12:57 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    IT,only one type of regime uses military personal or ex for that matter,to police it's population and I'm sure you know which. That trend has been rising since mid 90's in the states. A sign of what's to come?
    25 Feb 2014, 04:36 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (1828) | Send Message
     
    Crademan,

     

    "Physical silver or gold, or coins are expensive. Don't you worry about pick pockets or theft at a show?"

     

    You mean undercover IRS agents?
    25 Feb 2014, 09:21 AM Reply Like
  • crademan
    , contributor
    Comments (2725) | Send Message
     
    Thanks for the article, IT. I'm thinking about the story of Archimedes' "Eureka" moment... http://bit.ly/1pp6Trg

     

    Could a novice investor be hoodwinked & sold fake physical silver or gold by a fraudster?
    25 Feb 2014, 11:37 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » CRADE

     

    Yes you can. However they sell a silver valuation set that you can use to test if it is real or not. Gold is much tougher as Tungsten was used in 100 oz gold bars... A jeweler in NYC got ripped off.

     

    However if you deal with a reputable company you should be safe. But it can happen. That is why I only used a few people that I trust when I bought it.

     

    I have read where China is perfecting making one ounce of fake gold. That was hard but I guess over time as the price rose so did the thieves..

     

    Here is another link that is 90 minutes long. It is a seminar , not an informercial. I found it interesting a few years ago. It is by Mike Maloney who does sell gold and silver..

     

    But still worth watching !!

     

    http://bit.ly/186zUwT

     

    Interpret what you want but I still recommend watching it !! Let me have some feedback if you do.

     

    Open to all as well......In fact all should watch it !
    Thanks!
    25 Feb 2014, 01:40 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom what is your feeling on being in natural gas at this point.
    That was a quick severe Backwardization.
    24 Feb 2014, 06:05 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL
    Did point that out a Blog ago(Steep Backwardation in the futures),on the weekend Yahoo finance had an article about how much NG rose the previous week ( to me a warning sign when that happens). At this point in time I expect a nice bounce and personally will take the money and run. If no bounce occurs will cut losses. At ~$4.70,personal don't think it'll go much lower for the time being.
    Wish you would have locked in your profits!
    25 Feb 2014, 04:56 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Well it's about that time (PSEC) pays that nice monthly dividend !!
    24 Feb 2014, 06:28 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Prism is here to help us not kidding,rather not need their help i'm getting feeble and ain't a lion no more,neither are you guys.
    24 Feb 2014, 06:33 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    But I still have the eye of a tiger. ;)
    24 Feb 2014, 06:34 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Good John ! We are all so proud of you !
    24 Feb 2014, 06:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » So is anyone adding to their positions or waiting for a pullback ?
    24 Feb 2014, 06:35 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    I'm stuck !
    24 Feb 2014, 06:44 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    SA an IT's has become internet family,we just help each other survive,it's hard enough anyway.
    24 Feb 2014, 07:51 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Love that team spirit you got AL!
    25 Feb 2014, 04:58 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    And you also.
    25 Feb 2014, 06:41 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    It's getting dumb now,and if i was a Judge i'd say it doesn't get any more so.
    24 Feb 2014, 06:37 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    God Bless the United States of America.
    24 Feb 2014, 06:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » TOMMY

     

    Fill us in some more on what is going on in Europe. I have received quite a few PM'S from lurkers who want more !!

     

    All of what you tell us helps understand what it is really like and has changed few people's investing ideas about overseas companies.
    24 Feb 2014, 07:06 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Please Tom ! Please...
    24 Feb 2014, 07:25 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Tell the lurkers to ask questions as it is easier that way.
    There is one author on SA who is based in Portugal, Paulo ......(can't remember his last name) surely some folks have read his articles. If you can give him a shout out and invite him to the Blog, as he is much more knowledgeable than me.
    25 Feb 2014, 05:08 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » LOMAH

     

    I hope your ok with me borrowing this post from your blog.. It was an intriguing one..

     

    "I thought this person's observations interesting. Is the data accurate?

     

    It's a day trader, so noise matters to them.

     

    ....I can't understand where all the exuberance is coming from. For the past four sessions the S&P 500 has risen in the morning on low volume and dropped in the afternoon with heavy selling.

     

    So are the retail investors buying the dips and the hedge funds are selling into strength? It went over 1858 today but didn't close at a new record. A transfer of wealth from the little guys to the big? A dangerous market with no one showing caution or patience?"

     

    Great question that I think needs exposure here for some conversation...
    24 Feb 2014, 10:38 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Made similar observations,I do believe this was/is a false breakout, but pulled out (TZA) anyways. The market is setting up for something,but don't want to guess,prefer to wait where this leads. My intuition tells me sharply down. Time to be cautious,better save than sorry.
    What bothered me the most was Soros news of hedging at this stage ,than there was Cashin on the weekend calling for sharp move either way,which leads me to believe markets will head up. So,mixed signals,I'll stand aside and wait for further instructions from the market.
    25 Feb 2014, 05:29 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    IT,JOHNBEE,TOM
    CAN I BUY AND SELL IN THE MORNIN !

     

    Tom i think i want to buy (DGAZ) AND sell (UNG)(UGAZ) right now this mornin.
    25 Feb 2014, 06:57 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL
    I'm nobody to give advice,but what I would do is double your (UNG)(UGAZ) positions,wait for the bounce and sell later !
    I observe a bottoming process so far this morning in the futures,and a bounce is very likely to happen.
    Hang in there,lets move up the pyramid together.
    25 Feb 2014, 07:12 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    O.K Tom Im With you all the way if we have to start at the bottom we'll do it as a team,

     

    IT & John cancel that morning sell inquiry.TKS

     

    tommyinexile #1
    25 Feb 2014, 07:15 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom this really is about our survival as a team, SA's,IT'S and challenger's or it's all for naught.
    25 Feb 2014, 07:27 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom your right about the amplitude and frequency modulations...IT talk to us are we tom & i in good shape ?John ?is there any need to panic ? i'm starting to sound like yental in Barbara's S movie musical ?
    25 Feb 2014, 07:34 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    I never panic. It's only money. ;)
    25 Feb 2014, 07:44 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Thanks John i feel better now.
    25 Feb 2014, 08:16 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Good morning DC i saw you on WSB an adults back but we did alright.
    25 Feb 2014, 07:44 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom you did your home work, $4.27.
    25 Feb 2014, 08:53 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL
    don't look much at price action today as it will play with your emotions. (bottoming process does that, gives you hope and disappointment till you fold).
    Tomorrow will be another story and maybe by Thursday it's gonna be time pop the cork on the champagne bottle.
    Have faith my friend,just in case stop out @ $4.00.
    25 Feb 2014, 09:14 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom,
    It's a learning curve & experience,i don't know how i escaped the worst in 2001 then in 2007-08,because at present i don't know if i could repeat the success of the battles of those years,i have a rally or two left,hope.
    25 Feb 2014, 09:23 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Life in general is a learning curve and I sure hope markets won't crash brutally since it would hurt a lot of people.
    I don't like the fact that so many retirees have been pushed into stock's or the public for that matter.
    The media sure did not advise the public to buy stock's in 2001 or 2009.
    Also trading is really an exercise of discipline and keeping ones emotions in check. That's probably why ex- military are generally good traders.
    25 Feb 2014, 11:06 AM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    tommy
    I just read a trading "coach"'s article that said the same thing. Trading (not investing) is about reacting under pressure, rather than pure smarts, so ex-military is better training for it than business leader.
    25 Feb 2014, 08:24 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Yes also ex- military have a lot of discipline and emotional control. They don't pull the trigger unless the target is spotted. Also trading is kind of like hunting,a hunter does not shoot into the woods randomly.
    27 Feb 2014, 04:40 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom just on the meteorological factor the Artic dip has been been exdended beyond Mar 5 and deeper south and west.I know it's just 1 factor.
    25 Feb 2014, 10:00 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Yes 1 factor ,more wind in the back,also supply data is coming up.
    25 Feb 2014, 10:56 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    O.K Thumbs up Comrade.Tom lets work the timing out and inverse.
    25 Feb 2014, 11:01 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    You'll survive!
    25 Feb 2014, 11:14 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    So will you !
    25 Feb 2014, 11:14 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Tom it's going to be alright.
    25 Feb 2014, 11:39 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Hey a new TV series " The Wall Street Waltons"
    25 Feb 2014, 12:37 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    I'm finally in (PSEC) @ $11.05. Took awhile to get my price, though. Now I need more money. :)
    25 Feb 2014, 01:11 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    I'm tempted to go in and add to my shares of (PSEC) too.
    25 Feb 2014, 01:56 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Tomorrows ex dividend day so I guess some are taking their profits today ?
    25 Feb 2014, 02:34 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    IT,

     

    It's because (PSEC) has been dropped from a small cap index. Or so I'm assuming that's the cause of the drop today. It seems like a herd mentality though.

     

    There are news clips on SA about it
    25 Feb 2014, 02:48 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    I asked this question on LOMAHS blog...

     

    If (PSEC) has an ex dividend date of tomorrow, you must own it today to get that dividend. So why does the stock sell off the day prior?

     

    I am confused so open to all...
    25 Feb 2014, 02:49 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    IT..

     

    Correction, it appears now that all BDC's are no longer allowed to be in US Indices.

     

    For what it's worth, they are on sale today.
    25 Feb 2014, 02:53 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » So the drop in price has nothing to do with the ex dividend date then ??
    25 Feb 2014, 02:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » COPIED A COMMENT TO ME FROM TACK ABOUT (PSEC).

     

    IT:

     

    Nothing to do with ex-div. (PSEC) deleted from S&P Index fund, so all investors who mimic that fund's holdings are selling it.

     

    Means nothing about PSEC's business, itself.

     

    P.S. The general hysteria in the BDC sector today makes for wonderful buys.
    25 Feb 2014, 03:02 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » BDC INVESTORS, HERE IS A LINK !!

     

    http://seekingalpha.co...

     

    Press release doesn't work when I copy and paste it ..
    25 Feb 2014, 03:10 PM Reply Like
  • Adam Galas
    , contributor
    Comments (460) | Send Message
     
    Absolutely right. I didn't realize this was happening until someone messaged me asking what it meant. There is no reason to track a good quality BDC daily and certainly not to concern oneself with daily price movements.

     

    Personally, I was dismayed when PSEC started moving up and reached $11.39 and am over joyed to see a month's worth of capital gains wiped out in a day. Let's hope that PSEC reverses direction and heads down as strongly as it did up. I want to add at 13% before a market correction takes PSEC into stupid undervalued territory and lets me buy at 14%.
    25 Feb 2014, 03:38 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    IT,

     

    Right. I got lucky with my purchase today - I will still get this dividend. You have to buy the day before ex-div.

     

    (I told Tack I believed I would get my price. :) I got an even better one than I initially had my buy limit set for.)

     

    Always gotta be some negative mojo around stocks I want to buy... :(
    25 Feb 2014, 04:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    Sometimes things work out great ... Welcome to the (PSEC) family !!
    25 Feb 2014, 07:12 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    JBT
    Do you get div if you buy today with ex-div date tomorrow? The articles I found said the trade had to settle which takes 3 days.

     

    Thanks for the mojo!
    25 Feb 2014, 08:26 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Tomorrow is ex-div. Record date is 2/28. If you bought today, you will be a "shareholder of record" on the record date. That's why you have to buy the day before ex-div, or you will not be a "shareholder of record" on record date.

     

    Four dates to study - declaration, ex-div, record, and payment.
    25 Feb 2014, 08:33 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    Or I can buy and hold for 10 years... so I never had to care about any of the four, :).

     

    Thanks... I'd gotten the impression from what I'd read that you had to have it on record on ex-div date. Guess ex-div is the name the market's developed so you don't really have to keep track of settling time... (for non-geniuses like me.)
    25 Feb 2014, 08:38 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Now you got it. :) Day prior to ex-div is always enough time for the trade to settle by record (typically 3 days).
    25 Feb 2014, 08:41 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Hehe. Also, if someone shorts the stock prior to ex-div, they have to PAY the dividend. :) I never short stocks...
    25 Feb 2014, 08:43 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    With shorting, literally pay div, or lose price as it turns ex-div? I just got authorization for options... but I'm going to do this carefully, and slowly!!
    25 Feb 2014, 09:40 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    Literally pay the dividend. The money is subtracted from the shorters cash account.
    25 Feb 2014, 09:49 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (8883) | Send Message
     
    Well, that is good to know.
    25 Feb 2014, 10:02 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Congratulations,a patient man will get rewarded!
    I loan you some @ 17% interest rate. ;)
    25 Feb 2014, 01:21 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    lol. You're almost as bad as the Indians. :)
    25 Feb 2014, 01:26 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Well John than you just gotta have find a loan somewhere else :)
    You don't have a margin account? Thanks to the fed money is cheap.
    25 Feb 2014, 01:42 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    I never loan out tools, and I never use margin. Both can end badly. :)
    25 Feb 2014, 01:51 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Never say never,but yes, now does not appear to be a got time for margin,not at these levels.
    25 Feb 2014, 02:21 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL
    here comes the sun..........
    25 Feb 2014, 02:09 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Arizona...
    25 Feb 2014, 04:46 PM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    There was tax discussion above.

     

    Judge Learned Hand, quote:

     

    "Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands."
    http://bit.ly/1fRPcZE

     

    Will Rogers:
    "The difference between death and taxes is death doesn't get worse every time Congress meets"

     

    "The short memories of the American voters is what keeps our politicians in office."
    http://bit.ly/1fRPcZJ
    25 Feb 2014, 06:26 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JW

     

    Have been going to a great tax accountant for years ! I have an Accounting degree, yet I choose to use a specialist who knows the laws..

     

    Has saved me a bundle over the years. She is worth every penny. Especially since she was once a supervisor for the IRS...

     

    When I had a syndicate of harness racing horses everyone was amazed at the corporate return. Didn't hurt she also raced horses as well :)

     

    I pay my taxes, but believe in using what is legally allowed. Doing it on your own you can miss certain write offs...imo...
    25 Feb 2014, 07:17 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    IT you and us have rights and should not waste the Governments or our time on every spec of dust in subjugation and fear.
    25 Feb 2014, 07:45 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    That's why I never have an issue with corporations doing everything they can (legally) to lessen their tax burdens. If they can bring their tax liabilities to zero, or less than zero, more power to them.
    25 Feb 2014, 07:52 PM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    Yes Al, especially since we all know how the Government hates waste.
    25 Feb 2014, 08:02 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Government has power that should not be abused
    A citizens Blood,Sweat and tears should be deemed sacred as well as their possessions which is 9 10ths the law.

     

    Us here on the challenge have toiled in our own way or fate would not of allowed us to be here,Providence.
    25 Feb 2014, 08:05 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Absolutely ! Right on John W !
    25 Feb 2014, 08:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » Is their some technical number on the S&P that seems to be important ? I heard today about the highest it's ever been but is that a technical point or a psychological one?

     

    Trying to learn here..
    25 Feb 2014, 08:03 PM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    IT - here is possibility I will put forth-

     

    Now that you mention it I decided to look at the S&P500 chart and it looks like S&P500 at 1859 - yesterday 2/24, WAS a psychological and technical resistance point. It may be a little early to call, but it is possible that we may have seen a double top in the S&P500.

     

    Pull up 6 month Yahoo charts for the S&P500 (^GSPC), the Dow (^DJI), and the Nasdaq Composit (^IXIC)

     

    (I tried to put Yahoo charts in but they did not load/ work - sorry,)

     

    The Dow hit its high Dec 31 16588, and has failed to reach that again.

     

    The Nasdaq has outperformed them both, making new highs.

     

    A double top would mean a spring sell down, then maybe a summer come-back, and then a Fall failure.

     

    Poor economic results may be hard to deny by the time Fall rolls around. Little "Ice Age" killing first quarter economic results, $10 min wage, Obamacare killing small business jobs etc.
    25 Feb 2014, 10:17 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Excellent calculus with the artistic roll of the seasons evolved within ourselves.
    26 Feb 2014, 05:31 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    You Know Tom by the time this is all through you will be saying you know challengers their's nothing like the smell of Gas in the morning.
    26 Feb 2014, 05:53 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Good morning AL,internet service got cut temporally.
    So far the lows of yesterday ~$5.55, which just got tested, are holding up. Short term traders seem to be very bearish. Do believe NG as well as general indices are going to pretty soon stage a violent rally.(smell bear trap)
    After this is over I'm going to take a few days of.
    26 Feb 2014, 07:58 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    oops,not so fast!
    It aint over till the fat lady sings,or man for that matter.
    26 Feb 2014, 07:59 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Over here all kinds of updates ,i hope it's over for awhile .
    26 Feb 2014, 08:03 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Are you Guys awake or still resting ?
    26 Feb 2014, 06:06 AM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    Al
    I am in a zombie like state leaving for work at 7:30 am to talk to people all day who have problems.

     

    Purple Haze
    26 Feb 2014, 08:26 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    John Smile and fake it your a Star !!
    26 Feb 2014, 08:27 AM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    If 6 was 9
    26 Feb 2014, 04:29 PM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    If all the hippies cut off their hair
    I don't care
    26 Feb 2014, 06:15 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    John how did your day go ?
    26 Feb 2014, 06:21 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JW

     

    The markets confusing you at all ? HAS me sitting on the sidelines waiting for a BOOM to happen soon.

     

    Am I wrong?
    26 Feb 2014, 08:02 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    Like in limbo with a the force of a tsunami back their somewhere.
    26 Feb 2014, 08:06 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    IT...yes
    26 Feb 2014, 09:03 PM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    IT

     

    Did you see my comment above (12 comments up)?
    Feb 25 10:17 PM
    26 Feb 2014, 09:22 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (4428) | Send Message
     
    lol. IT is forever sitting on the sidelines waiting for a 'BOOM' to come along... :)
    26 Feb 2014, 09:23 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    And BOOM goes the dynamite.
    26 Feb 2014, 09:25 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) | Send Message
     
    JW,

     

    While I agree with most of what you said, I personally along with others I know seem to be moving forward in spite of these said issues. It's just in our nature.
    26 Feb 2014, 09:27 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15149) | Send Message
     
    Author’s reply » JBT

     

    You honestly feel comfortable for a newbie to start investing right now?

     

    Take your son. Would you tell him to wait if he wanted to start with lets say 10k right now ?

     

    Or would you say lets wait a while son !!
    26 Feb 2014, 09:27 PM Reply Like
  • al roman
    , contributor
    Comments (17644) | Send Message
     
    We are not off thin ice ! Another storms brewing out their with a polar front dropping down.
    26 Feb 2014, 09:29 PM Reply Like
  • CWinn1970
    , contributor
    Comments (396) |