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Interesting Times
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I could put on this bio my education, work experience, investment strategy, and a nice thin (if I can find one) picture of me in a suit looking *smart*. Sorry but that's not my intent here. Sure I invest, help family make financial decisions, and make a ton of mistakes along the way. But my time... More
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Interesting Times For All Commodities And Investments!! CHAPTER 4......
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  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » THE CHALLENGE.. WHAT WILL NEXT WEEKS NEWS MEAN?

     

    Rankings Name Gain/Loss Portfolio Value Percent gain/loss
    *** 1st *** Econ. Analyst $66,839.30 $166,839.30 66.84%
    ** 2nd ** FearandGreed $26,695.49 $126,695.49 26.70%
    * 3rd * CoinsK $21,042.25 $121,042.25 21.04%
    4th Krustyman $16,260.34 $116,260.34 16.26%
    5th User7415481 $13,715.84 $113,715.84 13.72%
    6th John Wilson $12,211.14 $112,211.14 12.21%
    7th JohnBinTN $10,994.38 $110,994.38 10.99%
    8th ExtremeBanker $10,909.37 $110,909.37 10.91%
    9th Windwood $10,226.45 $110,226.45 10.23%
    10th BlueskyForever $7,396.48 $107,396.48 7.40%
    7 Mar, 06:08 PM Reply Like
  • crademan
    , contributor
    Comments (1188) | Send Message
     
    So far Eddy Elfenbein's five new stocks for 2014 posted at his Crossing Wall Street blog are outperforming Dr. Bernstein's No Brainer lazy portfolio in my portfolio. Maybe carefully chosen individual stocks will beat the indexes this year...
    7 Mar, 06:24 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » CRADE

     

    " Maybe carefully chosen individual stocks will beat the indexes this year"

     

    If only we knew what those chosen ones are !!
    8 Mar, 11:18 PM Reply Like
  • crademan
    , contributor
    Comments (1188) | Send Message
     
    IT, Here's Eddy Elfenbein's 20 stock buy list. http://bit.ly/1aOPTzS

     

    On Jan. 5, I asked the Portfolio Challenge to invest $50k in individual stocks: "For the individual stock portfolio, please invest $10,000 each in (EBAY), (ESRX), (IBM), (MCD), and (QCOM)." So far, EBAY is up $1,264.54, ESRX is up $1,164.98, IBM is up $28.32 MCD is down -$115.92, and QCOM is up $507.66 for a total of $2849.58, or a 5.7% increase on $50k.

     

    For the index fund comparison in the Portfolio Challenge, "For the No Brainer portfolio please invest $12,500 in (VBMFX), $12,500 in (VFINX), $12,500 in (VEURX), and $12,500 in (NAESX)." VBMX is up $118.26, VFINX is up $365.03, VEURX is up $513.92, and NAESX is up $610.92 for a total of $1608.13 or a 3.2% yield on $50,000.

     

    The REAL question is how much can I afford to lose? Betting on just 5 individual stocks means that -- if even one of them is a real stinker -- I risk losing 20% of my capital. In the Portfolio Challenge I can swing for the bleachers because even if I lose the entire $100,000 it won't hurt me. But in real life I have to be much more cautious. Reggie Jackson hit 563 home runs, but he also struck out 2,597 times.
    9 Mar, 11:54 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » CRADE

     

    I agree, that is why I am hesitant to pick any stocks on my own except (PSEC) . Only because I have monitored the dividend for a few years.

     

    But as soon as JBT bought it I should have sold :)
    9 Mar, 05:17 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    It is Basically a BDC sorta hedge ?

     

    Definitely a wide range of interest.

     

    Sorta like agnc reit.
    9 Mar, 05:21 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    "But as soon as JBT bought it I should have sold"

     

    This is very true. I told everyone to load up on (WIN) when I sold it.... That would be a +3.5% trade in about a month. :/
    9 Mar, 05:23 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Security requires volume to keep up with the more hedging types.
    9 Mar, 05:26 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Congratulations to the Champions,i am proud of you.
    7 Mar, 06:35 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    IT,

     

    Was hoping that you wouldn't put the bottom few Challengers up for all to see!

     

    Looking to make a big run this spring. (GRO) is growing on me and I made start a speculative play one of my real portfolios.

     

    Remember: The Portfolio Challenge is a marathon, not a sprint.

     

    (this I keep telling myself as I slide further into the abyss)

     

    Free-fallin', Free-fallin'- apologies to Tom Petty for any infringement...
    7 Mar, 06:37 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Maybe IT will start a special list.
    7 Mar, 06:39 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    al roman,

     

    Is the portfolio challenge over? Mercy! Mercy!
    Looking forward to the August re-set button. I may put all of next year's $100K into swampland in Florida. Might be a better return than what I have managed so far this challenge.
    Thank goodness this is for fun...

     

    Now, how to manage the remaining months of the current challenge...

     

    Might cash out and put it all on Black at the local casino roulette wheel...I do enjoy that game, I have to say...

     

    хороший пока
    7 Mar, 06:45 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    DC buy (UIL) before it goes back above 42 they own Philadelphia Gas works because the municipalities was over stressed it was to much work.
    7 Mar, 06:49 PM Reply Like
  • CWinn1970
    , contributor
    Comments (363) | Send Message
     
    Al,

     

    (JJG) is inching closer to $50. I'm holding that as my exit. The REITs killed me today.
    7 Mar, 07:12 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Nope AL. I am on that list !! hehe
    8 Mar, 08:48 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    In the same vein as (GRO), keep an eye on (HD), and to a lesser extent (LOW) this Spring... I know we're going to have some light-to-medium maintenance after our unusually harsh winter. I expect a good Spring season for the home imps. :)
    8 Mar, 09:47 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » JBT

     

    You may be right about that ! I just had an open board meeting and we had so many complaints about ice damming and frozen water issues that were more then normal.

     

    Not sure who will actually benefit from this as we are using insurance companies for it. But I am sure that homeowners might be doing their own repairs without insurance claims.

     

    Good point !
    8 Mar, 10:10 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    Many commercial places will sub out the work to best bidder, etc., and the insurance will pick up the tab. All those supplies come from somewhere... (HD) and (LOW) both have large contractor desks... I used to fill orders for 10's of thousands of dollars when I ordered for the electrical dept. at a Depot. They sell more than nails and lawn mowers...
    8 Mar, 10:48 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » I see our vendors in Lowe's (1/2 mile away) all the time. Just not sure how much worse it was up North, Cold and more snow then recent years, I would agree.. You may have had the worst of it where you live.

     

    They sell more snow blowers at mine:)
    8 Mar, 11:10 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    IT you'd be surprised who's watching this We are America's hope the come back Kids,Where's Jerry when you need him.
    9 Mar, 04:59 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    Unfamiliar with (UIL) and look forward to learning more...

     

    CWINN1970,

     

    (HTA) has been a steady REIT for my portfolio.
    Not sure if you are looking to add or not but thought I would throw it out there for you to look into....

     

    Foyle's War time for me...

     

    Cheers
    7 Mar, 07:21 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    My adviser says it is not the most exiting combo but consistent,steady,and wins races.
    7 Mar, 07:33 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (2539) | Send Message
     
    Guess is more profit taking on Monday followed by a rising spring barometer leading to the prospect of strong mid week rally on higher tempertures with a good chance of a trend toward low pressure and more buying opportunities going into the weekend.

     

    I like this weather pattern.
    8 Mar, 04:12 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » EA

     

    Great analysis. Just as good as that Fibonacci stuff.

     

    *IT FIB* is calling for tensions to rise overseas and the metals to rattle some.
    8 Mar, 11:16 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (2539) | Send Message
     
    TH PM WX update Barometric Pressure Dips as Late Winter Storms Push Spring Out Another Week...
    13 Mar, 03:32 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    We are all connected for better or for...yep.
    13 Mar, 03:39 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    JPM Whistleblower rewarded with $63.9M- I am hoping CEO Jamie Dimon has to deliver the check like Publisher's Clearing House does it...balloons and an over-sized check...read more here:
    http://on-msn.com/1gZ0Vaz

     

    Have a great weekend. Go Tar Heels! If Wake Forest can beat Duke, anybody can!
    8 Mar, 04:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » DEER

     

    Wife is hosting a jewelry party on Sunday around 2pm. Please tell me I have a good basketball game to watch.

     

    Gonna be stuck in my man cave as the gofer !! Go fer more ice, beer, etc..
    8 Mar, 11:13 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » DEER

     

    Ok, wife already has me running around like a jack rabbit ( maybe not that fast ) but I did find time to read a few articles and included this one for those interested in gold.

     

    http://seekingalpha.co...

     

    Worth a quick read..

     

    Now I have to look at that TV guide and find me some sporting event for this afternoon. Gotta go, she now needs more ice !!

     

    Anyway any opinions on this article ?
    9 Mar, 09:37 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » This article speaks about the PETRODOLLAR.. Can anyone explain what that is and it's importance?

     

    Thanks!
    9 Mar, 09:54 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    The Sum $$ the liquids put into the economy,liquids replace Gold for awhile but seems it's under pressure from alternative fuel ie. nat gas,solar,fuel cells batteries...their is still confidence in the dollar for how long i do not know and what will supersede it i just don't know.We are at a cross roads aren't we.
    9 Mar, 10:06 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » AL

     

    Some are still confused about the importance of it >
    9 Mar, 10:08 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    The transition from is the major change we face,the Brains at the top know more than we think petrol has even changed the mechanics of our Democracy.

     

    The largest consumer of Petrol is still the dominant currency it's a belief system based on agreement threw wealth and trade,it's just a matter of confidence an intangible state of mind.
    Hard to shake but hard to get back if lost,the state that Golds in now.
    9 Mar, 10:17 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » DEER

     

    Care to change that thought about Duke ??
    9 Mar, 10:34 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    IT,

     

    Duke? Did they play last night? :)
    Not a huge Duke fan, but will take them over other non-ACC teams in the Tournament.

     

    How's that party planning coming? Don't forget to "spring ahead" and take a few cold ones into the mancave while you watch some sports.
    9 Mar, 10:55 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » DEER

     

    Cooler is already set up in the cave ! But I will have to sneak out to confiscate some of the sushi !!

     

    Plan is when the coach ( salesperson ) is making her sales pitch to the team (ladies) I will then invade the food arena..

     

    Game plan already set !
    9 Mar, 11:00 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    Nice article on gold. The Petrodollar is a critical part for the US, as it is the standard by which oil is bought and sold, globally. Importing countries need to maintain US dollars to buy oil, and exporting countries accumulate US dollars through the sale of their oil. As part of the reserve currency status of the US dollar, the petrodollar is that portion of currency used to exchange oil between countries, globally.

     

    It is worth studying the BRICS, in particular, China, and now Russia, with their growing opposition to the petrodollar for oil exchange. When you piece together many other factors that impact the US dollar and its likelihood of longer term world reserve status, one has to wonder if we are getting closer to the end of this era.

     

    One point I have is that the US established world currency status through strength, strong GDP, manufacturing, and exports. The US has gone opposite direction in most all of the areas that were the pillars of support to establish and maintain world reserve currency status for the US Dollar.

     

    Interesting comments on the FED's gold shorting strategy and that this is not going to continue forever as physical demand continues to outweigh supply, and increasing margin requirements for the FED/bullion banks to continue or even increase their short positions, while gold price inches higher, and the possibility of tapering further exists. Less and less physical gold stash to raid to suppress gold prices.

     

    Good luck with all that new *gold* jewelry that is on its way to your home. Some for the wife to wear, and more to bury with the rest of your stash.
    9 Mar, 01:08 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    IT you lucky gofer,would love some of that sushi!
    9 Mar, 03:03 PM Reply Like
  • John Wilson
    , contributor
    Comments (1381) | Send Message
     
    AOG

     

    Good comment. I would like to put in my two things that will unseat the dominance of the US and the dollar:

     

    1. When the Petrodollar standard erodes and ends. This is why we invaded Iraq and Libya and why we threatened to strike Iran and have sanctions against them now. It is also why we are threatening sanctions against Russia - [that and Europe's dependence of Russian gas]. This strategy of invasion, intimidation and sanctions will not work against Russia and China.

     

    2. The world will find out the Fed sold or lent out all our gold and it went to China. When China reveals to the world how much gold it really has and there is the realization that it [the difference] is equal to the gold that was supposed to be in the Fed and Fort Knox the world will know that all US dollars are just paper backed by nothing.

     

    The Fed would not let Germany audit the gold it was supposed to be holding for the Bundesbank. Wonder why?

     

    Spelled out: the gold is not there anymore.
    9 Mar, 04:10 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    JW
    Gadaffi was pushing for the BRICS,Africa and others to abandon the US $ as reserve currency and that might be happening not too far down the road. That might have something to do with the gold hording of China and Russia,ultimately replacing the dollar with gold as reserve currency.
    9 Mar, 04:21 PM Reply Like
  • John Wilson
    , contributor
    Comments (1381) | Send Message
     
    What I hear is Ghaddafi was taken out because he was putting together a confederation of African and Arab states that would trade with a gold-backed Arabic "Dinar" in settling oil transactions.

     

    The so called "Arab Spring" is state dept propaganda to overthrow leaders who dare defy the petrodollar standard - even if it means replacing them with Al-Qaeda factions.
    9 Mar, 05:06 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » OAG

     

    it was a silver party AND the sushi was delicious.. Hadn't seen that many pretty women in one spot since my bachelors party ! OOPS:)
    9 Mar, 05:22 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Bingo John,not long before political leaders where rolling out the red carpet and I wondered why,Gadffi was taken off the terrorist list and got royal treatment,and shortly thereafter was hunted down,that aroused some curiosity in me and did some research. I don't have to take a red nor blue pill,got my eyes wide open and mind wide awake,but I do choose the light over darkness.
    9 Mar, 05:25 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    IT
    I can only imagine what you did in your bunker!
    9 Mar, 06:20 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    IT, Be careful! A few slips like that and they will be planning another one of those bachelor parties again, in your honor!
    9 Mar, 06:29 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    John W., You are right on with your comments on the petrodollar and the US gold, or lack there of.

     

    At the time the US Dollar assumed world reserve currency status, domestically, we were relatively at peace. We were not fighting the civil war in the US that we are currently engaged in.

     

    The Social Security tax & burden was in its infancy and much smaller than todays level. Mediscare/Medicaid did not even exist back then. Many of the Federal agencies that we all know and love that exist today, to add cost to our businesses, or prevent them from doing business into or out of the US, didn't even exist then. These Federal agencies are very powerful and untouchable in terms of the electorate and the ability to reign in control of these groups. It is incredible to think that the IRS has increasingly far more reaching powers in our lives than simply to collect taxes from private citizens and businesses.

     

    And more and more of us are finding out, or will find out that when the federal government decides to continue to either piece mail in, at their political convenience, or completely unload the full pain of the big daddy of them all, the ACA, we will implode from within, in terms of our existence of a global leading economy and owner of the world reserve currency. We are losing on both fronts, domestic and abroad.

     

    There. I feel better now.
    10 Mar, 10:44 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    DC you are correct about Bio-techs,but about our favorite,even the Big Boyz are just mute,Gilead,Alexion,Ve... of sfsg,said we should be doing this on the challenge and in real life and that (UIL) best conservative long hold at this point.targets 39-42 pays 5.0%
    9 Mar, 09:21 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » TERROSIM ??

     

    Fears of terrorism in Boeing 777 disappearance

     

    Boeing (BA) has put together a technical assistance team to help in any investigation of what happened to the Malaysia Airlines 777 that has gone missing over Vietnam airspace.

     

    With the search continuing, officials and aviation experts have declined to speculate on what happened to the jet, although it seems that the identities of four passengers are under investigation, two of whom were traveling on stolen passports. That has sparked suggestions that terrorism might have been involved.

     

    A major problem is the lack of a signal from the plane's Emergency Location Transmitter.

     

    Freescale Semiconductor (FSL) said 20 employees from its operations in Asia, including senior managers, were on the flight.

     

    In total, the plane was carrying 227 passengers and 12 crew members as it flew from Kuala Lumpur to Beijing.
    9 Mar, 09:58 AM Reply Like
  • Adam Galas
    , contributor
    Comments (320) | Send Message
     
    Update on the situation regarding S&P and Russell dropping BDCs from their indexes.

     

    According to the President of PSEC, ETF companies have been pressuring S&P for some time to do so. The reason is that the law states that ETFs must combine the costs of their holdings and present them as the total cost of the fund.

     

    Since most BDCs are externally managed, their costs are around 3.5% of assets, (MAIN is 1.7%). In the ETF world 10 basis points in costs can mean market share so the ETFs were furious that holding BDCs resulted in having to tell potential customers that costs were higher than they were.

     

    They argued to S&P that BDCs are really just similar to CEFs, and thus like a mutual fund. Since indexes don't carry mutual funds then they shouldn't carry BDCs.

     

    S&P agreed and changed its policy, dropping all BDCs. Russell followed suit. This was because they were also getting pressure from ETF companies to drop BDCs and its rival, S&P, had just done so. It was a convenient excuse to do something that individual investors might not like.

     

    In the end it doesn't change anything. BDCs are still safer than banks, (1/5th the amount of failed loans) and the best quality one, (MAIN, PSEC, ARCC) are buy and hold forever stocks.

     

    This index reshuffle only results in a buying opportunity and long-term investors should lose no sleep over it.

     

    Short term traders? Well why are you investing in BDCs at all? Nothing sexy here, please move on.
    9 Mar, 10:08 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Adam

     

    Any opinion on a good entry point for (PSEC) as it seems to decline daily .

     

    Thanks !
    9 Mar, 10:13 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    BA is incredibly Muscular,Arnold status.
    9 Mar, 10:09 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Here is a decent article about where the markets might be headed. Picking up some beaten stocks seems to be the theme. I tend to agree, although I am not a chart reader so I have to rely on mutual funds as of now.

     

    http://seekingalpha.co...

     

    Thoughts from the stocksters ??
    9 Mar, 10:30 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Bread and Circus are still cheap Home energies seem to be about to barrel upward,and your bio-techs, those that got it $$ want to keep on keeping on !
    9 Mar, 10:46 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    Talk of Home Deport and Lowe's has me researching a new riding lawn mower. I have a well-used Huskie 22 HP 46" deck that has given 9 wonderful years of service. Belt replacements have been an issue so it is time for a new mower.

     

    Ariens look like the winner in the early research. I have owned a Deere in the past, liked it, but am looking for something a little less pricey that can handle lots of use and some less than flat mowing areas. Cub Cadet is also in the running.

     

    Yard takes about 2 hours on the rider, currently. I have no interest in a zero turn model.

     

    Thoughts?
    9 Mar, 10:59 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Why not a walk behind with a Velkie it'll be like two hours on a surf board.
    9 Mar, 11:16 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Move to a condo and let someone else do the work? Just go sit by the pool?

     

    At my age I have no interest in mowing, shoveling, or fixing things since I have 10 thumbs...lol
    9 Mar, 11:19 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Forget the Velkie if you have bad Knee's.

     

    IT i still got it a little i was cropping an oak the other day with chain saw and i'm kinda a stupid now not a good combo.
    9 Mar, 11:22 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    We're going into year 7 on our Troy-Bilt Pony. Price is right, and starts every time. Our yard is about 3 hours on the rider + trim work.

     

    If I had lots of money, I'd get one of those JD's with the easy-off decks. :)
    9 Mar, 04:40 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    i'll be in off and on the utilities took down about 3 chord worth 16'' it and ready for split,10lb hammer and steel, last time for me,swang that thing 16 hrs days,going into grey and thin and a little muscle is a strange combo too.What a ripoff,short and sweet,the strength of a man fades worse than a woman's beauty.
    9 Mar, 11:51 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    These guys here the are set up to lay gas,sewage and water lines,parts of my city still run on private well and septic,the share holders paying for it,whispers of big military contracts.
    Those 100's millions in taxes probably just went into corporate expansion under the wires,(NU) doing the same thing,Ed's hardening up too again probably -tx's,eventually they probably will get their sea wall regardless,the uts over this way finely got what they wanted and the pub.& municipality yielded work done courtesy the share holder.
    9 Mar, 12:13 PM Reply Like
  • indianamark
    , contributor
    Comments (2099) | Send Message
     
    In Dec. for the first time ever the Producers, Merchants, Processors, Miners, Refiners, Large Bullion Merchants and Bullion Banks were net long gold. Normally they are 160,000 contracts short.

     

    This should have been a tip-off that something was about to happen.

     

    Then last week, mad Vlad let it be known that he could crash the dollar. This was not a news flash as we have known for some time that China and/or Russia could crash our dollar and stock market any time they wanted. Simply dump their Treasuries and dollars.

     

    Will Ukraine be the catalyst? I don't know, I think it will happen after China obtains all the gold she can get.
    9 Mar, 01:42 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    I see your point about all this stuff,these guys know less of their arse from their elbow than we do ! what can we do ?
    9 Mar, 01:49 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    There is one ingredient missing in the challenge and that is time!
    Just like speed is measured in distance and time,for example,300 miles/hour or 30miles/minute(which one is faster?),so should time also be incorporated in the challenge.
    Someone's performance of 30% gains in 1 year can not be compared to another participant with a gain of 10% in 3 months. Have tried to find the starting date of participants,but that is not possible. Maybe nobody cares,in that case just ignore this post.
    9 Mar, 02:55 PM Reply Like
  • User 7415181
    , contributor
    Comments (757) | Send Message
     
    tommy,

     

    Well, I believe we started at the beginning of August and I bought the total market index fund the first day in it and have not sold or bought anything else. So I seem to be the defacto benchmark. :)

     

    I believe we're supposed to have a reset in this coming August because we've got new folks joining so that should make the next year fair for comparisions.
    9 Mar, 03:16 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Thanks for answering User,there are still a view months left and more folks might want to participate. Would you join now,knowing that it's highly unlikely to get to 1rst place?
    Also next year the same would happen since not everybody would start at the same time.
    It's not that important to me,I'm a thinker and just noticed some flaw. In fact I was contemplating to see my Doctor and ask him to perform a lobotomy,life would be a lot easier that way! Society apparently does not like thinkers,memorize info and follow orders. Einstein talked about that,noting that the school system did not encourage to develop the thinking process,rather focus on memorization. Robots in the future? They are already everywhere,in the form of humans.
    9 Mar, 03:42 PM Reply Like
  • User 7415181
    , contributor
    Comments (757) | Send Message
     
    Would I join now? Yes. I didn't set out to beat anyone else, but to see if what I'm doing in my real life 401k (with the limited options in it) would work. And to see how that strategy performs vs. the strategy in my taxable account (which is more time consuming for research). What I'm doing in the challenge is momentum based, but I've essentially indexed the whole time since I haven't got a sell signal yet.

     

    I don't think I'm going to win the challenge with what I'm doing, but I'm kind of surprised that a broad index fund has done that well. And it's made me rethink my high yield strategy over the last few months and incorporate momentum as a criteria when I'm looking at cefs.

     

    I can't speak for the other participants, but I just view it as another learning tool. :)
    9 Mar, 04:36 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Do get your point,very sensible.
    9 Mar, 04:42 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    lol. Not highly unlikely at all... I've seen some 1st placers crash and burn, and I myself was sucking mud for the longest time, deep in the red. It may however take some aggressive trading to unseat the current #1. Not my priority - I set out with the goal of beating inflation, and I am doing that handily.
    9 Mar, 04:43 PM Reply Like
  • User 7415181
    , contributor
    Comments (757) | Send Message
     
    JBT and tommy,

     

    One thing I've learned from the challenge is that when I hit first place in the rankings, it's time to go to cash.
    9 Mar, 04:51 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Personally joined to discover my own flaws and that's why I'm posting also,some sort of self discovery. And maybe some body else will learn from my mistakes.
    Also never knew of BDC's,so something has been learned already.
    9 Mar, 04:52 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    Ditto on BDC's. Also learned about MLP's. Bought one of each (well, a BDC and a stock that tracks its parent MLP). Time will tell how those pan out, but I bought with a time horizon of years, so they will be interesting to watch.
    9 Mar, 04:57 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    What are MLP's?
    9 Mar, 05:29 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Master Limited Partnerships where you usually have more gain but more administration and tx responsibility,burden.
    9 Mar, 05:32 PM Reply Like
  • User 7415181
    , contributor
    Comments (757) | Send Message
     
    tommy,

     

    This is from a secondary quote, so likely mangled:

     

    "Before I studied the art, a punch to me was just a punch, a kick was just a kick. After I'd studied the art, a punch was no longer a punch, a kick no longer a kick. Now that I understand the art, a punch is just a punch, a kick is just a kick." - Bruce Lee
    9 Mar, 05:35 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Thanks AL,will do some research!
    9 Mar, 05:41 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    User
    Do like Tai Chi , but don't really get what you mean by that.
    9 Mar, 05:44 PM Reply Like
  • User 7415181
    , contributor
    Comments (757) | Send Message
     
    tommy,

     

    I put in a lot of hours researching this stuff over the last few years. At the end of the day, do I really know anymore than I did before the research?
    9 Mar, 05:51 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Maybe yes maybe not,personally prefer TA over FA,as FA clouds my mind,ending up not knowing where up and down is.
    9 Mar, 05:58 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » TOMMY

     

    When I started the challenge it was for people to try trades, watch others do trades, learn from each other.

     

    Winning wasn't the end result. No prize is given. Personally I am a winner already because I have learned plenty from the other participants.

     

    We will reset July 31st and I expect a few will not participate, yet I hope I pick up a few new people along the way.

     

    I also had no idea what a BDC was, nor a mREIT. Some had no idea how to gamble with 3x leverage plays. So were all winners in the end.

     

    Now if you want to post any type of award for the winner we will gladly accept it. But some participants listed their investments in August and have vanished.

     

    So the best we all can do is spread the word in other articles about the challenge to gain more information via trades.

     

    JBT might ask for a raise if we do so :)
    9 Mar, 09:36 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    IT you are one of my Hero's.
    9 Mar, 09:41 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    I would start soliciting apps... I will relinquish control after this go around.
    9 Mar, 10:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » JBT

     

    Thanks for the heads up. If anyone has the knowledge how to do the spreadsheets and will take over please let me know.

     

    Otherwise it will end at July 31st.

     

    Appreciate all you have done for us so far.
    9 Mar, 11:32 PM Reply Like
  • crademan
    , contributor
    Comments (1188) | Send Message
     
    JohnBinTN, I have no idea how that Google spreadsheet works. Thank you for taking over when you did!
    10 Mar, 10:58 AM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    Perfect opportunity for someone to learn how to use a spreadsheet and expand their skillset. :) It amazes me how so many financially saavy people cannot do so already.
    10 Mar, 11:04 AM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    No walk-behind mowers for me...I did attack the yard a few times with a Toro push mower last fall when the rider shredded the drive belt...what a workout that was...

     

    Snow coming Tuesday night into Wednesday so my research on riding mowers seems a little premature...did grill steaks and scallops on the grill today, however...grab that taste of spring whenever I can...

     

    Mr. Market looking to start the week strong?

     

    A few speculative plays being tossed around in my portfolio manager's meeting...that would be me meeting with myself! Looking to (GRO) a little this week and head to the movies (LGF)...

     

    Enjoy the day.
    9 Mar, 03:31 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Deer
    Did you consider a Husqvarna robot lawn mower?
    9 Mar, 03:45 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    Looked at Husqvarna's (not the robot, which would be nice)...neighbor had trouble with his Husq...fuel filter issues...I have no trouble with regular fixes, but not factory issues...

     

    tommyinexile...great user-name...perhaps you have seen joncorzineinexile?

     

    enjoy the day
    9 Mar, 03:56 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Deer
    Unfortunately the Exile is not made up!
    A neighbor has the robot for several years now,and it's quite amazing. As far as Husqvarna did have a chain saw and it worked grate for years. If there is a manufacturing flaw the company would replace the mower.
    And thanks did enjoy the day,now it's evening (9PM).
    Enjoy the rest of your day!
    9 Mar, 04:11 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    Very true on the replacement...still leaning toward an Ariens at this point...
    I have used a Stihl Farm Boss chainsaw for years...well made piece of equipment and helps me keep up with fallen timber in our woods...

     

    Have a great evening
    9 Mar, 04:20 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    BTW
    My pal Jon is hanging out in my guest house,he's a bit a pain in the neck!
    9 Mar, 04:32 PM Reply Like
  • CoinsK
    , contributor
    Comments (3559) | Send Message
     
    DCV 2 problems with fuel with ALL mowers One ,never empty the bottom of the gas can into the mower. Easy to get water in there. #2 the solenoid switch that controls the fuel shutoff will go bad on ANY brand of mower and often they do. Just for the record. Mowers are like little money pits. If you had 9 years of good service ,you have done well with your old mower.
    9 Mar, 04:35 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5778) | Send Message
     
    CoinsK,

     

    I believe that my Husky has had a good run and will put it out to pasture this spring...lots of hours of use and it is time to move on with a new rider...I made the move to higher octane fuel for my four-wheeler after cleaning out a very clogged carb this past fall...not issues since switching fuel...damn ethanol gums things up...lost two weed-eaters to cheap gas and will not make this mistake again

     

    Trying to avoid the money pit with all equipment...

     

    Enjoy the day.
    9 Mar, 05:02 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    The robot runs on battery! Look into it,welcome to the 21st century
    9 Mar, 05:47 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    With the robot you bury a wire at the borders of your yard,setup an area for the charging station ( in the Garage) and forget about it.
    9 Mar, 04:29 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Spring comes in mar 19th-20th and more unsettle winter weather before then,just great.
    9 Mar, 05:04 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    AL
    Awesome,planting season for corn in the Cornbelt is in April!
    9 Mar, 05:33 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Pop Corn Time !

     

    Tom i am going to run (UIL) on the portfolio to learn something about update expenditure and municipal acquisitions,i positioned my purchases that way.
    9 Mar, 05:35 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Good luck AL.
    9 Mar, 05:50 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Tom thanks a million.
    9 Mar, 08:01 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    I think liquid NG is going to be in combination a(fuel cell) or more of a part of a mix in the future rather than volume like petrol was,more specialized that's what i think i have learned and it will be mainly a Utility commodity.get in early a dividend and slow growth and a level off.
    9 Mar, 05:45 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    I can't believe when someone claims that gold is the best performing asset this year! Look at coffee,just blows gold out of the water. At this moment would be hesitant to go long though.
    9 Mar, 05:53 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (2539) | Send Message
     
    Here is an article that sheds some good insight on how to squeeze the best results out of a portfolio based on tracking TLT and SPY trends.

     

    FWIF, he has a post that shows his portfolio is up 113% for '13.

     

    Who knows, maybe he could be convinced to bring his expertise to the challenge or help get us all in better shape for the next round.

     

    http://bit.ly/ZxcMIc
    9 Mar, 07:24 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    EA the turquoise in your picture is really cool like your investment style.Good evening !
    9 Mar, 08:14 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    IT those guys at sfsg & LA said i need to get back to work on Bio-techs,i think i'd better but sometimes there is a lot to do,

     

    as for july 1st it will workout,Good morning challengers.
    10 Mar, 07:41 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » AL

     

    JBT HAS DONE A THANKLESS JOB. SO IF ANYONE CAN AND WILL DO THE SPREADHEET PLEASE LET ME KNOW . OTHERWISE NO NEED TO TRY AND INVITE NEW PARTICIPANTS.

     

    EITHR WAY I WILL STILL CONTINUE THE CHAPTERS WHICH I FEEL ARE VERY IMPORTANT .

     

    BUT I AM SURE SOME ARE WAY MORE COMPUTER SAVY THEN I AM.

     

    SO SPEAK UP IF INTERESTED IN THIS ENDEAVOR..

     

    THANKS!
    10 Mar, 11:03 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    SAY YES TO NEW PARTICIPANTS SAY YES TO OUR FUTURE COMPTROLLER

     

    "We shall overcome"
    10 Mar, 11:27 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    IT, My hope is that someone qualified, motivated, (and honest), steps forward to take over, "the challenge" spreadsheet. Along with it, I'm sure this person would need to dedicate the necessary time on a regular basis to stay current on the transactions to make this all work out for everyone.

     

    Looking over the qualifications I've mentioned, I'm not sure that I meet any of those requirements. I can launch an exploratory and feasibility study to see if I could commit and deliver. I have not worked in the google spreadsheet format, but can handle a fair amount of functions in an excel spreadsheet fairly well, but by no means an expert.

     

    If we move forward, I may need to spend countless hours (maybe not that bad) with JBT, to get a grasp on all of this. Right now, I think my biggest concern would be the time commitment. I will look into and hope that someone else steps forward in the interim. Consider me the "Ben Carson" candidate right now for the job.

     

    I would try to give you a straight up/down answer on this by mid-July, if the position is still open. My biggest concern would be meeting the time commitments on a regular basis. With a little prodding and dedication, I would think I could figure out the spreadsheet. As of right now, I have only opened the spreadsheet once and glanced over it for a few minutes. Good luck on your search.
    10 Mar, 12:12 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    It's basically just like Excel. Feel free to add a tab to the current sheet and mess around on there if you want.

     

    I had already mentioned to IT that the next go should have a capped number of people from the outset. The most "difficult" thing is adding people after the fact, and the ranking formulas are a pain to adjust - it relies on 6 or 7 different columns of data that have to be modified times how many people are already participating.

     

    The "hard" work is already done (building the sheet). It's mostly just monitoring and data entry at this point.
    10 Mar, 12:21 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    JBT, I will look into. Thanks for the info. Give me a little time but I can message you with questions/concerns, too.
    10 Mar, 12:26 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » OAG

     

    Thanks for even considering it. If it is too much work, and no one has the time, I fully understand. We can do without it..

     

    It was a good idea and I am sincerely thankful that JBT took over the controls to at least finish this year.
    10 Mar, 12:38 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    We'll get somebody and should even elect 2nd's and subs,and all of us have a little training on it.
    10 Mar, 12:46 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Thankless,not quite sure about that.
    I only joined recently but traders like Coins,AL and myself (and others) surely must make it more difficult for anybody to run the challenge. Isn't there a way to use an automated platform for the challenge?
    Don't see the point of altering my personal style of trading,since I can't learn from mistakes and neither do others.
    10 Mar, 04:43 PM Reply Like
  • crademan
    , contributor
    Comments (1188) | Send Message
     
    tommyinexile, That's a great idea.

     

    Smart Stocks lets a group leader create a game with a password that limits membership. http://bit.ly/1ivYyNy

     

    How the Market Works is for teachers & others who want to create a stock market game. http://bit.ly/14h6ujf

     

    Here's a link to MarketWatch's Create a Virtual Stock Exchange Game. http://on.mktw.net/1iv...

     

    Investopedia has a virtual game that doesn't limit membership. http://bit.ly/11aplJ5

     

    Does anyone know whether one of these on-line sites would be easier or harder to manage than the google spreadsheet?
    11 Mar, 11:46 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Crade, nice. Please tell the Boss.
    11 Mar, 12:41 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Folks

     

    I have admitted I am no expert on spreadsheets. If the daily prices from the stock market automatically gets updated then I think were fine as long as someone runs the challenge.

     

    I do not have the knowledge to do so. Hoping someone else does.

     

    Whatever decision everyone wants to do is fine with me !
    11 Mar, 01:21 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    21st century IT,why not let a robot do the work?
    An automated platform would have many advantages. IMO
    11 Mar, 01:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » TOMMY

     

    I am open to everything. I just need to know how daily trades are done within the rules we established.

     

    If a better method can be used I am all for it. But I cannot monitor it daily to make sure it works.

     

    Just let everyone who wants to continue leave some input. I am sure we will not get 20 people this time around.

     

    I have to admit I am clueless to the robots:)
    11 Mar, 02:44 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    IT,Crade found some platforms,check them out.
    Not needing a person to place orders probably would make the challenge easier.
    I'm not familiar with those platforms,Crade knows more about that.
    I'm a bit clueless too,don't even know spreadsheets.
    11 Mar, 03:16 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    It
    Perhaps that subject could be discussed as a group in the next chapter!
    11 Mar, 03:20 PM Reply Like
  • John Wilson
    , contributor
    Comments (1381) | Send Message
     
    This AM
    China economic weakness, commodities down - especially copper. Gold was supposed to be down, but it went up instead to 1350 on the Comex and is around 1340 now.
    http://bit.ly/IB0T8d
    10 Mar, 08:33 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    Interesting. Margin Debt levels hit new highs.
    http://on.mktw.net/1dI...

     

    Who will "blink" first? Or, will the markets and margin levels just continue to run parallel in a progressively upward trend for several months and then just level off nicely? Perhaps a minor correction and then up again?

     

    Maybe this is the beginning of something new. After all, this is a recovery you know.
    10 Mar, 11:24 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Hilsenrath: New Fed exit plan taking shape

     

    Under the old plan from 2011, the Fed expected to take a number of steps to remove the trillions it pumped into the financial system. A new plan being considered would instead leave that money in, perhaps permanently, instead paying interest on excess reserves and anchoring rates using reverse repos.

     

    The upshot: The Fed would set interest rates by managing the cost rather than the supply of money.

     

    This jibes with previous Fed comments that the central may not have to actively sell MBS on its balance sheets, and just last week FRBNY President Bill Dudley said the Fed wouldn't have to allow paper to mature and run off its balance sheet months ahead of rate hikes.

     

    The new plan is just a trial balloon, reminds Hilsenrath, noting some at the Fed would prefer a return to the old days of scarce reserves and setting rates by managing those levels.

     

    Ok, so what will this do ???
    10 Mar, 03:43 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    IT, I am waiting for one of the FED experts on SA to post a good article on this subject to understand this better. Perhaps Robert Wagner will post a counter-opinion article to my views and then I can establish my position on this subject.
    10 Mar, 08:32 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    IT, I just read through the new and improved FED exit plan.

     

    http://on.wsj.com/1h7QvFD

     

    I'm starting to become suspicious as to whether this idea of having a Federal Reserve secretly manage our monetary system. Maybe we should roll back to pre-FED days of a hundred years ago. http://bit.ly/1h7QvFH

     

    Then maybe some fine loyal and prominent American citizens, the likes of a George Soros, Warren Buffet, Bill Gates, and others, could step up and finance and handle any bail-outs that might make sense for the American people instead of just dumping all of this on all of the taxpayers. Sounds better then FED or US Gov't bailouts.

     

    I suppose this new reverse repos agreement could be just what we needed as long as someone drafts a 20,000+ page document detailing how this will be implemented and managed. And of course since this is coming from the FED, this is all very private and none of our business anyway. Sounds like voodoo economics to me.
    10 Mar, 04:56 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    It looks like the Ukraine just airlifted all of its gold out of Kiev, Presumably on its way to NY and the FED for safe keeping.
    http://bit.ly/1lPJYoJ
    Too bad they couldn't make a "transfer" over in Frankfurt. 33 tons of Ukrainian gold could knock down a little over 10% of what Germany is owed by the US.

     

    Of course 33 tons of gold, ($1.5-2b.) could also safely slide into Comex eligible gold inventory, in smaller increments, and then maybe it could sneak in to the Comex registered inventory and help maintain $1,200 gold for a little while longer this year.
    10 Mar, 06:05 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    OAG
    The Germans still didn't get their gold?
    10 Mar, 06:29 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » TOMMY

     

    Don't look at me :)
    10 Mar, 06:34 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    tommy, Apparently not. I am hearing that Germany has only received 5 of the 300 tons that it has requested returned to them from the US. I'm baffled as to the delay on this as I'm there are a few others that are as well, while the majority of people could give a rip one way or another on this.

     

    My thought is that with the extremely low sentiment on gold, and the relatively low price of gold right now, that this would be an opportune time for the US to simply purchase physical gold, even though it won't be the same gold Germany sent us, originally, and ship that gold back to Germany ahead of schedule.

     

    Of course, maybe the US has been reading all of the sub $800 gold price articles published through various media outlets and they are waiting for that time to execute this plan. What better time to do that when gold sentiment is low, and when the price is low too.

     

    With a low price and no interest in the metal, it should be a fine time for the US to purchase gold to send to Germany in the event that the gold they originally sent to the US somehow was misplaced or is otherwise unavailable for some reason.
    10 Mar, 06:52 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    It
    you got all that German gold stored in your bunker.
    10 Mar, 06:58 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » TOMMY

     

    Not stored, it is MADE of gold !!
    10 Mar, 07:38 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    IT, Don't mean to meddle in your metal, but with all of the selling going on, I would have leased that gold out for a premium.
    10 Mar, 07:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » OAG

     

    Funny, did I forget to say I am "renting" spaces in the bunker?
    10 Mar, 07:50 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    Resourceful, IT...resourceful.
    10 Mar, 08:24 PM Reply Like
  • WMARKW
    , contributor
    Comments (10471) | Send Message
     
    Anyone sending gold to Fed in NY will simply see it vanish. The bankers have stolen it all. We'll see what China does to that paradigm.
    11 Mar, 06:52 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    5 t only? Misplaced that's funny. If we only would know the truth. The fed will just have to compensate for the moment to buy the € in order to please the Germans.
    10 Mar, 07:05 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Hey guys been busy,clearing the clear cut wood,getting guys to get some furniture out and a guy ready with a truck for the transfer station.
    10 Mar, 07:10 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » AL

     

    Moving to where??
    10 Mar, 07:39 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    West where the Gold is.

     

    Again i'm not leaving SA we need to get the word out !!

     

    Silver too and then convert it too sound investment like (UIL) a quarter invested in the 90's would be a dollar today,not including the 3 quarters in coupon.
    10 Mar, 07:41 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Good luck with your move AL.A new beginning,wish you well.
    10 Mar, 07:30 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    I'm still going to be here virtually and theirs some odds and ends left but it's coming to a rapp...what do you think of (SRE)...
    10 Mar, 07:34 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » JUST A THOUGHT !!!

     

    If anyone would like to take over for JBT,WE COULD HIT THE RESET BUTTON ON APRIL FOOLS DAY ?

     

    EA is so far out in front why not name him the winner, and start all over?

     

    Then we can set a limit of no more then 20 participants and let everyone who started late not have to wait.

     

    Open for opinions and votes.!!
    10 Mar, 07:54 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    And God bless him,flying in those clouds what a joy and pleasure to see and from under the radar too ! Truly the shall be first !
    10 Mar, 08:23 PM Reply Like
  • User 7415181
    , contributor
    Comments (757) | Send Message
     
    IT,

     

    I'm okay with that. Might be a different environment over the next year as well that'd give differing results.
    11 Mar, 07:04 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    July 1st is july 1st trading and investment is long term and a long march,man up to and get moving,Now !

     

    Theirs many pitfalls and jealous people aware of the trader and investor also get used to it and let it run off like water on a Duck !

     

    Our top guy deserves medal,A GOLD ONE !
    11 Mar, 07:07 AM Reply Like
  • User 7415181
    , contributor
    Comments (757) | Send Message
     
    And I'm okay with what Al just said as well.
    11 Mar, 07:12 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Their is always the knitting & Crochet club...

     

    Bye the time this is really rolling along we should be getting fed,st,muni guarantee's and they should seek advice from sa.
    11 Mar, 07:15 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » AL and ALL !!

     

    I am open to whatever everyone wants. This is all a moot point changing dates if no one wants to take over the admin portion.

     

    JBT has been kind enough to do it so far. However we do know of a few who placed their trades in July but don't participate any longer.

     

    So I merely suggested basically starting over with a new group , a new admin person, and a new timeframe that can be 3 years if everyone wants it that long. then like some mutual funds we close the people who can join in to make it easier IF we get a person to control it.

     

    The reset after one year was to keep those at the bottom a chance to regroup and start fresh. The object is to learn from this, WINNING wasn't the intent I had.
    11 Mar, 01:40 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    The sites Crade linked look promising. Very busy this week, if I get a chance, I'll check them out this weekend unless someone else gets to it before then.
    11 Mar, 06:15 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » JBT

     

    Thanks! Appreciate your expertise..
    11 Mar, 07:00 PM Reply Like
  • CoinsK
    , contributor
    Comments (3559) | Send Message
     
    Doug has a really good article published on SA . We should have some discussion here about the same subject.
    http://seekingalpha.co...
    10 Mar, 08:43 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » COINS

     

    I agree, I read it a while back and commented on it as well. Years ago a magazine named Mutual Funds basically stated the same ideas..
    10 Mar, 10:07 PM Reply Like
  • CoinsK
    , contributor
    Comments (3559) | Send Message
     
    OK thanks .
    11 Mar, 08:15 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    You just keep doing the pump & grind in harness and when you drop they will yoke it on the guy waiting behind you,This tweetie weetie Barry stuff ain't going to last for ever !
    11 Mar, 08:10 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Brazil & China up pre market (DANG) (CPL) usually good indicators,i am so close to taking off from the damages of the last decade,second wind fill that sail !
    11 Mar, 09:14 AM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    It's like what Philly Fed said years ago the problem is the individual RED WORK HOUR ! gotta go see the tx man now.
    11 Mar, 10:08 AM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Alert
    2nd China corporate default ! Look's like that house of cards is about to crumble,if so it'll drag global markets down!
    11 Mar, 12:46 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » for the gold investors

     

    http://bit.ly/1lxHkBf

     

    Thoughts?
    11 Mar, 09:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Speaking of gold, anyone noticing what gold and silver are doing tonight ? Wow....
    11 Mar, 10:12 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Last Call ?
    12 Mar, 02:43 AM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    The gold bears are running out of price suppression "techniques" to maintain a low gold price. The article indicates a lot of factors that are shifting toward a higher gold price. It sure got crowded (and still is) on the "bear" end of the ship.

     

    I still would not rule out $1,200 gold this year if there are events that would appear devastating to the $USD or if the FED believes that it can shake out enough of the physical gold that has started to accumulate at the beginning of this year, and that another drop could free up a significant enough amount of physical gold to satisfy some of the insatiable demand from the east.

     

    Maybe Wagner and the think tank can come up with some fresh ideas to publish another sub $800 gold article that has the ability to support this drop, but it looks like their efforts are pretty much exhausted right now.
    12 Mar, 09:06 AM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Looks like gold and silver have rebounded. But what about the markets?

     

    My mutual funds aren't looking so pretty right now.. Glad I only opened a small position.

     

    Gold is a fear trade I am told. So what is the fear? Serious question as I am learning as we go along.

     

    Where is that missing plane ?
    12 Mar, 03:05 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    Fear,possible War,China imploding on debt,Bankers jumping of buildings........
    Gold is still in a long-term bull market. From the high's of 2011 till last bottom was a medium-term bear or consolidation of FIB~50% from the previous leg up. I believe gold has reversed and is heading past the highs of 2011,although not in a straight line.
    12 Mar, 05:24 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » For those that read charts where is gold's next resistance ?
    12 Mar, 03:09 PM Reply Like
  • tommyinexile
    , contributor
    Comments (414) | Send Message
     
    IT
    Looking at the gold futures ~1395-1400.
    12 Mar, 05:08 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Awful quiet today. I guess no one has any stocks that seem to be a screaming buy ?

     

    Any one expect a correction ?
    12 Mar, 07:53 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3818) | Send Message
     
    Lemme guess - you do? ;)
    12 Mar, 07:59 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    IT it is pretty defensive territory right now and seems a good environment for the metals and other defensive shares.
    As for myself i am planning my entrance back into the green and a more steady and patient observance.
    12 Mar, 08:07 PM Reply Like
  • Economic Analyst
    , contributor
    Comments (2539) | Send Message
     
    April showers bring May flowers, maybe a dip or two with spring just around the corner.
    13 Mar, 03:40 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Actually I am not sure. That is why I asked :)

     

    Conversation piece..
    12 Mar, 08:02 PM Reply Like
  • John Wilson
    , contributor
    Comments (1381) | Send Message
     
    The government screws things up both coming and going.

     

    "Fannie Mae, Freddie Mac Shares Plunge on Senate’s Plan to Eliminate Them"
    (subtitle: If we didn't screw you bad enough in 2007, let us finish the job now.)
    http://yhoo.it/Onv0rR

     

    Glad I never touched these. I wonder if Peter Lynch ever liquidated his Fannie Mae.

     

    Also, GM shareholders be forewarned.
    12 Mar, 08:03 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » I think China imploding is scaring some investors as well..
    12 Mar, 08:12 PM Reply Like
  • al roman
    , contributor
    Comments (6950) | Send Message
     
    Lot of rumors and puts too,theatrics.
    12 Mar, 08:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Well the wheels on the metals are getting wobbly tonight. Above $1370 and climbing...

     

    At least that % of my portfolio is doing fine so far
    12 Mar, 10:04 PM Reply Like
  • WMARKW
    , contributor
    Comments (10471) | Send Message
     
    OK, in this quiet day, let's talk about Silver/Gold ratio. Today it is sitting near 65:1 ratio. I am looking for any thoughts or comments on the concept of trading out physical gold for silver at these ratios?

     

    If my long term thesis holds, the price of silver will rise generally faster than the price of gold, and ultimately (I think) come back towards 13:1 (the natural supposed ratio of silver in ground vs. gold in ground).

     

    Clearly, in my mind, a ratio of 100:1 seems out of whack and I will gladly trade 1 ounce gold for 100 ounces silver. Probably would do so at 80:1 as well. I think at 70:1 I would begin to think "Now's the time to start - a little at a time".

     

    Anyone else have thoughts?
    13 Mar, 01:10 PM Reply Like
  • CoinsK
    , contributor
    Comments (3559) | Send Message
     
    Mark I just wrote this on Tom's article a minute or 2 ago.

     

    That is why I am bullish on Silver.At a 64.4 to1 ratio if Gold holds and stays up Silver will be the recipient of the "rubber band " effect. If it closes to 55 or 58 to 1 it will be a nice play on the ratio. When Gold gets pricey Silver is a great alternative in the real world.
    13 Mar, 01:16 PM Reply Like
  • WMARKW
    , contributor
    Comments (10471) | Send Message
     
    CoinsK - Tom's Article? Link?

     

    I agree with slingshot concept or rubber band concept. I am surprised silver has not moved faster to keep the ratio below 60.

     

    What do you think a more normal ratio should/would be these days?
    13 Mar, 01:22 PM Reply Like
  • CoinsK
    , contributor
    Comments (3559) | Send Message
     
    55 to 1 for the short term. I'll get you the link .I thought you had posted recently on the Gold Ukraine article.
    13 Mar, 01:23 PM Reply Like
  • CoinsK
    , contributor
    Comments (3559) | Send Message
     
    Here you go Mark.

     

    http://seekingalpha.co...
    13 Mar, 01:25 PM Reply Like
  • Ordinary Average Guy
    , contributor
    Comments (952) | Send Message
     
    For any here that care to read another intelligent article on the future movement of the gold price and the $USD, please take the time to read the latest from Mr. Doug Eberhardt:

     

    http://bit.ly/1iGLj0X

     

    As many of you already know, Doug invests a lot of time and research to provide quality articles and opinions to support his opinions on these matters.
    13 Mar, 07:25 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » Guys..

     

    Sorry I have been missing class lately. I have been working on some projects. I am going to open a new chapter tonight as it took me a while to scroll down through all the comments..

     

    Hang in there..
    13 Mar, 07:34 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Author’s reply » NEW CHAPTER !!

     

    http://seekingalpha.co...
    13 Mar, 07:40 PM Reply Like
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