mark mchugh

114 Comments

    • Rising Gold and Silver: Essential to Any Investment Strategy [view article]
      Agree with 30121,

      Kitco's website rocks (if I could only avoid clicking on Nadler's articles), but it really looks to me that they've sold stuff that they didn't have, and now they can't get it at all.

      Of course, this would explain Nad's "sell your gold and silver, before it's too late!" articles.

      Use the sight, buy elsewhere. I've used Monex, and I'd be curious to hear what others think of think of their dealers.       Oct 06 06:31 PM
    • The 20-Month Gold Puzzle [view article]
      TERN,

      Don't know what happened, but this should be the march 2006 report:

      web.archive.org/web/20...

       Oct 04 01:34 AM
    • The 20-Month Gold Puzzle [view article]
      Louis,

      Here's the 2006 report:
      web.archive.org/web/20.../

      and 2005:
      web.archive.org/web/20...

      and 2004:
      web.archive.org/web/20...

      Long live the Wayback Machine!!!!

       Oct 03 11:50 AM
    • Gold Bulls: Beware [view article]
      recentgldfan,

      This article was actually written on Monday (and yes, I'm a little irritated that it took this long to publish). So, I'd have seemed smarter on Tuesday.

      The Ouija board tells me that $830 is a low-risk entry price right enow. I did not expect that target to be hit so quickly. So, I would expect an over-shoot to the downside, before the next advance.

      The Ouija board expects to see the low after the tenth of the month. So, I'd wait and see for now, which means no new money (not sell), unless, prices go below $775 (which I see as unlikely).

      The omen that I'm looking for is, what will appear to be, a convincing bounce in stocks. Hope this helps.
       Oct 02 04:18 PM
    • The 20-Month Gold Puzzle [view article]
      Thanks Louis, for asking on of the great unanswered questions. Is anyone expecting an answer anytime soon?

      GMiki - always love your comments.       Oct 02 01:27 PM
    • WaMu Shows, Again, Smart Money Can Be Wrong [view article]
      Insiderman,

      You probably should submit your comments as an article to SA. You're right, this does not pass the smell test (little does these days).

      Please consider seeking a bigger audience for this information. The mainstream media is running a thousand different directions right now, and that's the best time for crooks to loot.       Sep 27 10:29 AM
    • An Open Letter to Congress on the $700B Paulson Bailout Plan [view article]
      Well reasoned, beautifully written.

      Thanks       Sep 23 09:11 AM
    • A World Without Shorts [view article]
      jcollins01

      Please don't misunderstand Friday's price action. Goldman is in big trouble because their longs dumping them (the short interest on GS is small). The prices mysteriously popped (read that manipulated) overnight and in Goldman's case, still drifted lower all day. That can only be longs liquidating.

      There is no such thing as a "perfectly fine" investment bank right now. The world's financial system damn near collapsed last week, and it had nothing to do with the shorts.

      I kid you not when I say this may be the smartest time to panic.

       Sep 20 09:15 PM
    • There's Only So Much That Goldman Can Do [view article]
      Jase,

      Looks like you're gonna win. The thing you should be happiest about, is that it won't be your tax dollars that will pay for this astonishing rally.

      You won't here me complaining as an investor, it's all in the game (including government intervention). As a taxpayer, however, I'm looking for a revolution to join.

      good luck to all.       Sep 19 01:27 PM
    • The Bull Market in Credit Default Swaps [view article]
      Shorted TLT at the open today, should have done it yesterday. Sep 19 09:53 AM
    • The Bull Market in Credit Default Swaps [view article]
      I can't ever recall seeing bigger price spreads on puts than there are on LQD right now.

      I have no doubt that you are right about TLT as well. But, it seems like this "flight to quality" craziness might have some legs yet. I bring this up because I have managed to lose money being 100% right before. I've got a bad feeling I'm gonna manage to screw this one up too.

      Thanks for alerting us to data that almost everyone else ignores.



       Sep 18 12:03 PM
    • There's Only So Much That Goldman Can Do [view article]
      Jase,

      I think you've got a very good grasp of the situation. My own survival instincts tell me not to bet against Goldman (and no, I wouldn't do it now either).

      Perhaps, what people outside the US don't understand (thanks to our ever-cheerful media) is that, realistically, the bottom of the housing market is nowhere in sight. More and more loans are gonna go bust.

      I'm sorry I can't find a link for you right now, but I am sure that I've read that Goldman is exposed to huge amounts of counterparty risk. So, when things turn ugly, it doesn't matter if you made the bad purchase, or loaned the money for it.

      I wish you luck with your decision, and I admire your conviction, but I really think we are just kidding ourselves as to how much systemic risk there is right now. Just keep your wits about you (we've already got enough poor people).

      As for the pint - you're on.       Sep 18 11:21 AM
    • There's Only So Much That Goldman Can Do [view article]
      Jase,

      C'mon. People who bet against Goldman are already rich YTD. They are the thieves who have run out of victims, even with their boy running the treasury (and that's a hint for you). The shareholders are next.

      And in case you've been living in a cave this last year, book value don't mean sh*t.

      Hopefully, they put themselves on their conviction sell list.
       Sep 18 09:22 AM
    • Deflation Takes the Reins [view article]
      I agree with iThinkbig, well-written. I also agree that you need flexibility in your approach. But there are times, infrequent as they may be, that you should cling to your thesis. These strong-dollar fundamental guys are psychotics. Sep 17 02:31 PM
    • The Paragraph That Changed the World: Will Treasuries Crash? [view article]
      If you have any doubts, check Mike's track record. He's pretty much the sharpest pencil in the box. His article "Time to Short Both Long-Term Bonds and Crude" was brilliantly timed, and his logic amazing. I regret not following his advice.

      Just tell us when to put the trade on, Mike.       Sep 15 01:35 PM
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»