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Frugal Joe

Frugal Joe
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  • The Currency War: Position Yourself Correctly In The Battleground [View article]
    When purchasing power drops, commodities cost more ---food, energy, metals, etc.. I invested in those to hedge the sinking purchasing power of my money---coal, silver, gold, platinum, oil---for example and although I am not crazy about the ETFs, they are safer for me since I have no place to store the physical commodities. I chose the biggest ETFs for each of these---KOL, GLD and SLV and USO. Some have more then doubled in worth....the KOL has sunk.

    Long term this seems to be the place to be.
    Mar 4, 2013. 08:52 AM | Likes Like |Link to Comment
  • Gold: Is It Time For Everyone To Just Give Up? [View article]
    From what I read on zerohedge, it looks like bankers are trying their hardest to short he paper gold to suppress real gold prices. It's odd how physical gold never drops as low as the paper stuff.

    The Fed like every other central bank has to keep printing because inflation is better then a depression that will lead to serious unrest...history tells us that.
    Feb 24, 2013. 12:39 PM | 2 Likes Like |Link to Comment
  • Morgan Stanley's Estimates Are Flawed [View article]
    Shipping costs are going to be a big drag on all companies. In the USA postal rates were increased (again) 2.5% for domestic mail and over 6.5% for international. When you add in internet sales tax and rising costs of production, profits will be severely impaired further and more businesses will go under which in turn reduces Amazon clients and revenue.

    This article by Santos is good in that it makes one re=think this particular analysis and as well as how these companies are analyzed in the first place.
    Feb 21, 2013. 07:32 AM | Likes Like |Link to Comment
  • How Gold Performs During A Financial Crash [View article]
    How does silver play out? Some investors consider it half money/half industrial...sort of straddling two aspects.

    Thank you for your excellent summary of gold in a financial crisis.
    Sep 24, 2011. 09:05 AM | 2 Likes Like |Link to Comment
  • A Rare Earth Element Opportunity, With Something for Gold Bugs [View article]
    So many miners have been mismanaged this past two years I am staying away form them and buying the underlying resource such as GLD, PALL, SLV, etc.

    I have been sorely disappointed with the leadership of AUY (Yamama) for example. While their CEO grabs Millions in bonuses the shareholder languish.

    Aug 14, 2011. 02:27 PM | Likes Like |Link to Comment
  • Platinum Cheaper Than Gold: A Rare Opportunity [View article]
    I like both palladium and plt but we are heading into another deep recession by any measurements. These are industrial metals and may fall substantially as a result. I will add them if they drop 20-30% or more....that's my 2 cents.
    Aug 14, 2011. 02:24 PM | Likes Like |Link to Comment
  • Stillwater Mining: Here's Why This Palladium Miner Is Selling Off [View article]
    Most of the M&A's I have seen in my lifetime have been abysmal failures, especially when the union or takeover is a different service or good. Lucent is a great example of this unbridled Hubris and while the Lucent CEO walked away with Millions in Bonuses, the shareholders were left holding a $2 stock (down from $70).
    I am out of SWC for the time being.

    AUY has a similar story as far as dividends are concerned. Despite excellent revenues and profits (and CEO Bonuses) the shareholders suffer with minimal participation in the juicy bounty. I dumped that one finally.

    Like some of the other posters here, I switched to the ETF commodity itself when possible avoiding all the costs, hassles, CEO bonuses, vagaries of management, etc.

    Good luck and thank you for your article on SWC.
    Jul 25, 2011. 02:06 PM | 1 Like Like |Link to Comment
  • The Platinum, Palladium and Gold Ratio in Focus [View article]
    Great article. If palladium sinks lower (below $650) I'll add much more. China is due for a "Hard Landing" imho and this may force pall lower for awhile....that's the time to add more. I would never sell the small amount I now own.
    Jul 16, 2011. 07:41 PM | Likes Like |Link to Comment
  • Investors Flocking to Palladium, Platinum ETFs [View article]
    Thanks for the article. I am trying to educate myself on all these metals especially now that the global pollution (and solution) problems are intensifying and plt and pall are essential in many processes to curb the toxic materials created.

    Keep writing about these...please.
    Jul 16, 2011. 07:36 PM | Likes Like |Link to Comment
  • Why Mining Stocks Are Declining While Gold Is Challenging Record Highs [View article]
    I am disappointed both by AUY and KGC. AUY has strong cap;reserve ratio and still languishes.

    Can these mining stock really be held down by hedge funds shorting them?
    Or is it poor management despite strong metal prices and strong cash flows as some have described on the message boards?
    Jun 25, 2011. 01:55 AM | Likes Like |Link to Comment
  • Best Gold Mining Stocks for Gold Investors [View article]
    I added AUY and SLW on this dip. Yamana (AUY) has large reserves and low cost of production...and with rising energy costs, that's important.
    Of course, Silver Wheaton (SLW) is a very strong company. I notice Eric Sprott's Fund holds SLW as its 4th largest holding.

    Thanks for the good article!
    May 12, 2011. 10:58 PM | 1 Like Like |Link to Comment
  • Stillwater Mining: Key Trading Levels vs. Palladium [View article]
    Thank you for the excellent article.

    I like PALL also. The problem with SWC is the rising costs of production--labor, energy, etc---so the pure PALL play is better imho unless SWC drops to below 14. The question I have is:

    "Does SWC hedge it's product as some gold miners used to do to control risk?"

    If you know, Richard, or anyone knows this please post.

    Thanks again to the author for a great analysis.

    May 12, 2011. 10:47 PM | 1 Like Like |Link to Comment
  • Navigating the Silver Mania: Exiting Long Positions May Be Prudent [View article]
    This author called it right! I happen to agree and sold half my slv...sadly, I took a hit on the other half but at this point, with silver down to about $35 I am long that portion since I see QE3 around the corner as powerful people like Alan Binder today yelling,"We need QE3!"
    I have no doubt of long term dollar debasement...Larry Summers said exporting our way out of this depression with a weaker dollar was THE only way out. I agree with him but it's sad we got here in the beginning.

    May 12, 2011. 09:22 PM | Likes Like |Link to Comment
  • Investing Guru Jean-Marie Evillard's 10 Bullish Gold and Oil Bets [View article]
    Forgot to mention Yamana, one of the lowest cost producers of gold.
    May 11, 2011. 11:48 PM | Likes Like |Link to Comment
  • Head in the Sand: Market Is Ignoring Worrying Signs From 5 European Countries [View article]
    Agree. Tale of Two Cities....Wall Street Euphorics getting Fat Bonuses from Taxpayer money via Fed.....and City Two....empty store fronts, more boarded windows, massive job losses replaced by a handfull of min wage jobs.

    Two top economists said housing will not recover until employment recovers. They also both agreed employment will not improve for at least NINE YEARS.

    They thus concluded housing will slide for nine more years at least.

    I'd rather be prepared then simply sit there and worry about it. QE3 of some variety is a Must imho.
    May 2, 2011. 01:18 PM | Likes Like |Link to Comment