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Rubenov

Rubenov
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  • Will Silver's Rally Last? [View article]
    I don't know if I would call that meager bounce a "rally"...
    Apr 7 06:45 AM | 1 Like Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    UBS is one of the most established, safe investment banks out there. Last year they got rid of a bunch of their more risky derivative units. They are a boring, old school bank... the credit risk concern is just there in name only.
    Apr 6 07:13 PM | Likes Like |Link to Comment
  • Sprott's John Embry: Gold And Silver Making A Bottom? [View article]
    Yeah. Sounds like calling the bottom at GLD $98
    Apr 6 01:38 PM | Likes Like |Link to Comment
  • Week In Review: Gold Rebounds, Conflicting Signals From Libya Sink Oil [View article]
    Good info, thanks.
    Apr 4 09:11 PM | 1 Like Like |Link to Comment
  • The Idiot's Guide To High Frequency Trading [View article]
    It says it was excerpted. I doubt Cuban would bother writing for SA, no offense.
    Apr 4 07:03 AM | Likes Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    Thanks for this comment Adam. I'm also using CEFL to fund monthly expenses after retiring.
    Mar 31 10:54 PM | 1 Like Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    Yep, I've been using the UBS ETNs since inception to very nice gains, and the comments here always make me do a double-take.

    Keep in mind that with these high divis, it only takes a little over 5 years to double your account, barring a 2008-style meltdown. But in such a meltdown no investment is safe except volatility and shorting.
    Mar 30 09:45 PM | 1 Like Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    No clue how they do it, but I love seeing the big dividends come in each month.
    Mar 28 05:59 PM | Likes Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    Definitely not the same as owning the index, significantly better if what you're seeking are better returns. I've been a customer of UBS leveraged divi ETNs since inception (MLPL, BDCL, SDYL, CEFL, MORL).
    Mar 28 05:44 PM | Likes Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    Leveraged monthly makes a huge difference, very little impact as opposed to all the daily leverage crap that decays over time.

    Ans also, when something yields as high as these, would you really be concerned about CEFs .5% fees in approximation?

    Edit: Obviously the "fees on top of fees" does not mean the fees stack up; just gotta get the average.
    Mar 28 04:38 PM | 1 Like Like |Link to Comment
  • Why I Strongly Disagree With Goldman's Bearish Gold Call - Buy The GLD [View article]
    I'm marking this post for future crow eating purposes.
    Mar 28 03:17 PM | 2 Likes Like |Link to Comment
  • Why I Strongly Disagree With Goldman's Bearish Gold Call - Buy The GLD [View article]
    If you nail the GLD $98 price, I will become a contributor to Seeking Alpha and submit an article or blog post congratulating you on your call.
    Mar 27 11:00 PM | 1 Like Like |Link to Comment
  • Why I Strongly Disagree With Goldman's Bearish Gold Call - Buy The GLD [View article]
    That's why it's an art and not a science. You try to make this into a science, which it is not. I'm still waiting for the GLD $98 price you called in a few articles, by the way. I read them. Perhaps I'll reply to you again once/if that target is ever achieved.

    As I said, unprecedented Quantitative Monetary easing brought some speculation and fuel to precious metals' prices. I think you will find most people agreeing with this than not. In my interpretation of the art, in later iterations of QE it was becoming more clear that the economy was rebounding, and the future would be QE-less. Gold started to adjust from its mania.

    And once again, I'm not saying no other factors move the price of gold. All this debate started because eagle dismissed the effect of monetary policy on the price of gold, which I think is a mistake.
    Mar 27 10:53 PM | 2 Likes Like |Link to Comment
  • Why I Strongly Disagree With Goldman's Bearish Gold Call - Buy The GLD [View article]
    I'm talking about when QE was announced first, after the 2008 crisis!! It relentlessly led gold to all time highs (once again, in combination with other factors such as people's fear of financial collapse). Nothing last forever, and this last QE was the third iteration.
    Mar 27 10:33 PM | 1 Like Like |Link to Comment
  • Why I Strongly Disagree With Goldman's Bearish Gold Call - Buy The GLD [View article]
    Markets, as a forward looking mechanism, moved up the price of gold when QE was announced.

    Just the same, when tapering was announced, markets correspondingly helped push the price down.

    It's all about "pricing it in". Same why once taper was finally implemented, gold rallied.

    I'm aware there are tons of other factors involved in the price of gold, I just want to point out the one with the most relevance based on the last few years.
    Mar 27 10:19 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
339 Comments
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