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furnaceman

furnaceman
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  • Despite Declining Deficit, Foreigners Aren't Bailing Us Out, So The Fed Will Keep QE Going [View article]
    If the government can get companies spending and the unemployed working then we would see increased tax revenues collected which would lead to less intervention by the FED. DUH.
    Jul 28 05:55 AM | Likes Like |Link to Comment
  • Tarnished Gold [View article]
    My only problem with gold is that everybody and their cousin knows about it. Back in 2001 when I first traded gold mining stocks my friends laughed at me. "What do think, gold's going to $1000. LOL". I had no idea where gold was going but it was working while everything else was going down the toilet. Since 2007, the gold trade has become so crowded that it's almost impossible to get a real handle on the situation. I'll wait for the crowd to thin out a bit before going back in.
    Jul 28 05:54 AM | Likes Like |Link to Comment
  • The Zombie-Like Stench Of Precious Metal Funds [View article]
    I used to like gold back in 2001 to 2007. Then the gold trade became such a crowded trade that I said, "thanks for the trading profits". It looks like the crash landing may be rapidly approaching for gold.
    Jul 21 11:11 AM | Likes Like |Link to Comment
  • Impact On Alcoa From Aluminum Below $1,800: Breach Or Breakdown? [View article]
    I'm starting to smell blood in the water. Aluminum is getting close to its 2009 prices. Value trap or value opportunity? I'm leaning towards opportunity.
    Jun 27 09:47 AM | Likes Like |Link to Comment
  • Alan Abelson Died: Lives On Through A Generation He Defined [View article]
    I too will miss Alan Abelson's commentary. I bought my first copy of Barron's back in 1991. Though I didn't understand everything that Alan wrote about in that column, I knew that his column would provide ample food for thought as I learned my lessons about putting my money at risk on Wall Street. Thank you Alan, you will be sorely missed.
    May 14 02:13 PM | Likes Like |Link to Comment
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