streetTRACKS Gold Shares (GLD)

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  • commenter
    pm investor
    Mar 31 07:45 PM
    Get Out of Commodities - Barron's [view article]
    There are an almost infinite number of reasons that pm's will continue their bull market and a very short list why not. Supply/demand is and will remain positive. Mine production (and reserves) continue to decline even in the elevated price environment. India & to a lesser extent China both have a rapidly growing mid to upper class and these people save and buy gold and silver as do many countries who do not trust their currencies. (US?)Those countries (Ch & In) have a combined >$2trillion cash which they will spend to keep the eco growing and keep the population happy. The average comodities bull lasts 17 years and we're in #7. The dollar will continue to decline--trade and budjet deficits, social programs especially if the Dems make the whitehouse and just wait to see when ss, medicare, medicade expense grow--one is already in negative territory, oh yeah wars are paid by printing press and are ALWAYS infationary. Will the fed slow down the presses?---not a chance, they wish to buy (print)us out of any problem small or large $30b here, 200b there, 160b elsewhere and eventually we're talking real money. You know, war, Bear(+perhaps more), homeowner relief, 600 bucks/person, well--add your own. When was the last time you heard that Congress was controlling spending? I'm up in the years and I don't remember. Miniscule chance of turning bear in which case you might lose part of what you invest. Huge chance of continued bull and if it reaches mainia return will be enormous. I'm playing the odds with GOOD mining companies. I've tripled so far and mania=X10, bear=X.5, good bet? Reply
  • commenter
    Brandon
    Mar 31 07:21 PM
    Get Out of Commodities - Barron's [view article]
    "I just do the opposite of what Cramer suggests."

    Cramer gives a lot of great advice. Even his harshest critics will concede he knows A LOT. Say what you want but Cramer is an immensely powerful man and he's accomplished that feat with relatively little help. I would argue that Cramer is one of the 5 most powerful individuals in the USA. Right below Oprah :D     Reply
  • commenter
    Kunst
    Mar 31 06:34 PM
    The Last Time Globalization Collapsed: Parallels to Today [view article]
    The fundamental problem is overconsumption based on debt, a phenomenon which has been going on for decades at both the personal and governmental level. This was enabled by the US financial system, which made lots of money on interest. Now the problem has built to the inevitable point where more debt is not sustainable, and (high) interest ensures that borrowers cannot borrow their way deeper into the problem.

    At least that's where we've arrived on the individual level. The government, on the other hand, is still able to borrow a little longer. That too will reach an end, as our federal debt makes us prisoners of foreign creditors that can and will raise the interest rate until national bankruptcy is achieved.

    Debt is financial heroin. The only honest solution is to stop borrowing. That will be about as easy as kicking heroin.     Reply
  • commenter
    TheNetAnalys
    t
    Mar 31 05:54 PM
    My Website
    Is it Finally Time to Sell Gold and Related Mining Stocks? [view article]
    I have to agree with just about everyone here. If you look at the chart for gold stocks they are right on track and unless they break through their lower trend line then things should be fine. All the feds actions of injecting cash into the economy can only weaken the dollar. The more cash out their the less each $1 is worth. Reply
  • commenter
    Ames
    Tiedeman
    Mar 31 05:39 PM
    My Website
    Get Out of Commodities - Barron's [view article]
    Look, if you think oil is going to drop them short these two: USO and OIL and then go long DUG.. Reply
  • commenter
    Ames
    Tiedeman
    Mar 31 05:38 PM
    My Website
    Get Out of Commodities - Barron's [view article]
    I do not see oil going much under $60.00 in any real pullback. OPEC will simply turn off the spigot if this happens. Also, demand from China and India is here to stay. Reply
  • commenter
    A
    midwestern
    neighbor
    Mar 31 05:19 PM
    Get Out of Commodities - Barron's [view article]
    frflyer - Exactly how does oil cause war in the middle east? Last time i checked, sunnis and shiites just don't like each other, and they both hate Jews and Americans. Wake up, bud! Reply
  • commenter
    eric hart
    Mar 31 04:08 PM
    Get Out of Commodities - Barron's [view article]
    A few thoughts:
    1) Commodities are increasing in US dollar terms, but in other currencies as well...so it is not merely a US dollar play, and over the long term, commodities can rally with an increasing dollar (but not short term).

    2) Commodities are an asset class, simple as that, although under owned. Most people, by far, have little or no exposure.

    3) Commodities do well in a rising inflation environment, but tend to under perform in stable or falling price environments.

    4) Why no mention of the "bond bubble"? Bonds are ridiculously overpriced and under yielding. Why isn't the smart money rushing for the exits from bond exposure, including treasuries? Answer: There is hope of another rate cut, and inflation expectations are for moderating prices going forward.

    5) Keep your exposure to commodities to a reasonable level--say 5-30% depending on your inflation expectations, and then don't worry about it. Diversify across the four mega classes of assets and the markets will take care of themselves--real estate, stocks, bonds, commodities. Then it doesn't matter if Barron's is correct or not--going forward, you are protected.

    Reply
  • commenter
    Ames
    Tiedeman
    Mar 31 02:54 PM
    My Website
    Gold Drops as U.S Inflation Rate Dips [view article]
    Let Gold pull back. When it is done and inflation picks up, as it will, Gold will double... Reply
  • commenter
    mkreisel
    Mar 31 02:26 PM
    Is it Finally Time to Sell Gold and Related Mining Stocks? [view article]
    Gold is strong buy at 800.
     Reply
  • commenter
    Marc Azar
    Mar 31 01:16 PM
    My Website
    Is it Finally Time to Sell Gold and Related Mining Stocks? [view article]
    Yank, the article mentions a 10-week moving average, not a 10-day average. Reply
  • commenter
    misterchan
    Mar 31 01:05 PM
    Is it Finally Time to Sell Gold and Related Mining Stocks? [view article]
    Thanks, all of you, for reiterating what I have been thinking . However, having a large portfolio which is hibernating lately, is not fun. It seems that gold mining companies are being punished too much. Even the great ones. Unless maybe the big boys on Wall St. are talking them down so they can buy them dirt cheap? (unintended pun). Reply
  • commenter
    cheapybob
    Mar 31 12:02 PM
    Is it Finally Time to Sell Gold and Related Mining Stocks? [view article]
    I really don't see gold going much lower before foreign buyers, drowning in US dollars, decide to shift some of it to gold. Reply
  • commenter
    whoknows08
    Mar 31 11:43 AM
    Get Out of Commodities - Barron's [view article]
    My son once asked me years ago what i did for a living. after being a commodities floor trader for almost 20yrs at the time, i pondered the question and answered as honestly as i could," i guess for a living son". the one who guesses best will always be around longer, so i guess after now 30 yrs of trading, i've guessed pretty well. Reply
  • commenter
    Ron2008
    Mar 31 11:19 AM
    Get Out of Commodities - Barron's [view article]
    "because it is based on supply/demand fundamentals"

    Yea right. Gasoline inventories are at 15 year highs. Demand is dropping. So why are the prices at record highs?

    There is no current shortage of oil. US inventories dropped because businesses followed a normal business practice of reducing inventory when prices go flying higher. Especially when oil futures went into backwardation last July. There is no incentive or reason for them right now for them to put inventories back where they were 2 years ago.

    If OPEC dropped their quotas and prices stayed above $100, there would not be a drop more added to US inventories.     Reply

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