mark mchugh

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142 Comments

    • Fri Oct 24th 10:47 AM | Rating: 0 0
      Commented on:
      The Favorable Outlook for Gold
      Way to completely miss the point, dude!

      Seen any gold coins lately? What's KITCO selling Krugerrands for? Oh, that's right, their all out. In fact they have no gold at all other that 400 oz. bars.

      Maybe India can ship back all the surplus gold sloshing around their market so KITCO can melt it down and fill some orders.

      You propagandists disgust me.
      View article »
    • Fri Oct 24th 01:19 AM | Rating: 0 0
      Commented on:
      Response to Bloomberg's 'Gold May Pay Only in Case of Maximum Despair'
      Socialism,

      The Secretary's discretion applies only to the $50 American Buffalo Coin. I was referring to the American Eagles (silver and gold)

      (1) Notwithstanding section 5111 (a)(1) of this title, the Secretary shall mint and issue the gold coins described in paragraphs (7), (8), (9), and (10) of subsection (a) of this section, in quantities sufficient to meet public demand...................

      Stammerin' Hank is a crook, but I think it's nice that you trying to defend him.
      View article »
    • Fri Oct 24th 00:45 AM | Rating: 0 0
      Commented on:
      Gold ETF Reaches One Dollar Per Tonne
      Asset Currency,

      Thanks, I did check them out a while ago, and if I understand correctly, they will not allow me to take physical delivery.

      But the point I am trying to make is I want physical precious metals, at very close to market price, directly from my government, because it's the law.

      Clearly, the government is complicit in the suppression of the gold price (and that effects every gold investor). In my opinion, the best way to end the manipulation is to force the government to sell gold to people like me and you, at the bogus prices the Comex and LBMA set.
      View article »
    • Fri Oct 24th 00:32 AM | Rating: 0 0
      Commented on:
      Gold Bulls: Beware
      Eric,

      I've never tried the "reply" button before, so apologies if this posts twice.

      I agree with the theory 100%. I don't know if my nerves can take seeing gold under $500 (but I will agree it's possible now).

      I get more angry everyday about the propaganda surrounding gold. Federal law requires the US mint to provide gold, silver and platinum coins to the public (not friggin' dealers) at market price plus expenses, in "quantities sufficient to meet public demand."

      This is Paulson's job, and I am sure that he is solely responsible for the suspension of the eagle and buffalo coin production (and I don't buy any explanation I see for the "shortage"). He has decided that it is in his buddies best interest to keep precious metals depressed and out of the hands of the general population.

      I've been hoping that the new administration will put an end to the price manipulations very shortly after the inauguration. The "in your face" manipulation is one of the many things that has destroyed confidence in all things American and capitalist.

      I agree acquiring physical is the way to go. What makes me sad is how ugly it will probably be here when you are proved right (and I'm not ruling out the possibility of confiscation either). What's the point of being rich in hell?

      And it's all because Paulson is too spineless to do what he is required by law to do.

      Here's an observation you might find amusing; the people who don't think gold is money are the exact same people who thought house prices never go down.
      View article »
    • Fri Oct 24th 00:28 AM | Rating: 0 0
      Commented on:
      Gold Bulls: Beware
      Eric,

      Hey Eric,

      I agree with the theory 100%. I don't know if my nerves can take seeing gold under $500 (but I will agree it's possible now).

      I get more angry everyday about the propaganda surrounding gold. Federal law requires the US mint to provide gold, silver and platinum coins to the public (not friggin' dealers) at market price plus expenses, in "quantities sufficient to meet public demand."

      This is Paulson's job, and I am sure that he is solely responsible for the suspension of the eagle and buffalo coin production (and I don't buy any explanation I see for the "shortage"). He has decided that it is in his buddies best interest to keep precious metals depressed and out of the hands of the general population.

      I've been hoping that the new administration will put an end to the price manipulations very shortly after the inauguration. The "in your face" manipulation is one of the many things that has destroyed confidence in all things American and capitalist.

      I agree acquiring physical is the way to go. What makes me sad is how ugly it will probably be here when you are proved right (and I'm not ruling out the possibility of confiscation either). What's the point of being rich in hell?

      And it's all because Paulson is too spineless to do what he is required by law to do.

      Here's an observation you might find amusing; the people who don't think gold is money are the exact same people who thought house prices never go down.
      View article »
    • Thu Oct 23rd 14:20 PM | Rating: 0 0
      Commented on:
      Gold ETF Reaches One Dollar Per Tonne
      Tim,

      I really appreciate all the gold commentary you write, but until the US Mint starts producing gold, silver and platinum coins "in quantities sufficient to meet public demand" (like they are required to by law) Gold will be a losing trade.

      KITCO is completely out of coins now. They have only two products left:
      1000 oz Silver Bars (at around $10,000)
      400 oz Gold Bars ($286,000)

      https://online.kitco.c...

      Of course, they still have their gold and silver pools (swim at your own risk). Oh, and they still are experiencing shipment delays (because they are sooooo busy).
      View article »
    • Thu Oct 23rd 12:18 PM | Rating: 0 0
      Commented on:
      Response to Bloomberg's 'Gold May Pay Only in Case of Maximum Despair'
      Are we really supposed to believe that the US Mint is incapable of producing Silver and Gold Eagles?

      It's not only their job, it's required by law.

      www.law.cornell.edu/us...

      Just like Al Capone was eventually jailed on something as simple as Tax Evasion, Paulson downfall may come from his decision to take physical precious metals out of the hands of Americans.

      It's the law, Hank.
      View article »
    • Mon Oct 20th 12:18 PM | Rating: 0 0
      Commented on:
      General Discussion on UYG
      Riddle me this:

      the XLF is up 2.2%, yet the UYG is down is down 0.6%.

      WTF?
      View forum topic »
    • Wed Oct 8th 13:31 PM | Rating: 0 0
      Commented on:
      The Burst Commodities Bubble
      Felix,

      I read you often enough to know you don't believe that commodities was a bubble. You're just baiting the hook.

      Good comments
      View article »
    • Wed Oct 8th 00:50 AM | Rating: 0 0
      Commented on:
      Rising Gold and Silver: Essential to Any Investment Strategy
      275515,

      I think the price of silver has to move first, because silver mining stocks are still stocks (and if there's one everyone hates right now...).

      When silver starts making big moves, the miners should follow, if we've still got a market.
      View article »
    • Tue Oct 7th 23:43 PM | Rating: 0 0
      Commented on:
      Too Soon to Move From Equities to Gold
      Adam,

      I can't fault your logic. If I understand you, you're saying you're willing to buy into the panic selling in stocks, but you're hedging with gold calls. That's not what I would call a "safety first" approach, but you may be rewarded for your nerve.

      I have long gold positions, but I've picked up some market calls. When (or if) stocks bounce, gold will pull back. Sentiment-wise, it's the same trade.
      View article »
    • Tue Oct 7th 23:16 PM | Rating: 0 0
      Commented on:
      Have Gold and Silver Prices Reached a Tipping Point?
      Very good article Peter,

      I think the manipulators have a few more tricks up their sleeves, and I think things are really going to be ugly when they loose control.

      I am also concerned that holders of GLD and SLV might get ETF'd.
      View article »
    • Tue Oct 7th 22:53 PM | Rating: 0 0
      Commented on:
      Real Price of Gold Soars
      You're standing on the beach before the Tsunami saying, "Look! the ocean's gone!"
      View article »
    • Mon Oct 6th 18:31 PM | Rating: 0 0
      Commented on:
      Rising Gold and Silver: Essential to Any Investment Strategy
      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.
      View article »
    • Sat Oct 4th 01:34 AM | Rating: 0 0
      Commented on:
      The 20-Month Gold Puzzle
      TERN,

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

      web.archive.org/web/20...
      View article »
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