New MacroShares Up / Down Housing Funds Don't Really Track Case-Shiller [View article]
why do they even allow these kinds of shell games to contaminate the etf universe ? macroshares do not have a very good track record. homeowners that are already overleveraged do not need to be playing around with something like this. a hedge like this is asking to get clipped (pun intended).
Check the biography for Neil George here on Seeking Alpha. He is the former editor of Personal Finance and currently has a newsletter devoted to dividend paying stocks. In other words he has some serious credentials in the investing business. I think the problem is that as a stock promoter he has a vested interest against the ETF business, since this takes money away from investing in the stocks themselves and therefore limits the number of people who will pay for his advice. Kind of like money that goes into GLD or GDX takes money away from the mining stocks themselves and therefore people don't need to pay for advice about which mining stocks to invest in.
Personally I hope the governments of the world continue to successfully manipulate the currencies of the world, including gold and silver in such a way that chaos is avoided. Actually, everything is manipulated. The Plunge Protection Team manipulates the stock market. Opec manipulates the price of oil (or at least they try to), etc. The only way to survive as an individual is to anticipate the moves the manipulators are going to make and take advantage ot them. I would rather trade the swings in gold and silver with moderate amounts than put my whole wad in and hope they go parabolic.
MacroShares to Shutter Up / Down Oil Funds for Second Time [View article]
perhaps the reason why investors have not been enthusiastic for these two funds is because of what happened to the first two. Personally I stayed away for just that reason.
Gold and Silver: To Buy or Not to Buy? [View article]
If the broad markets continue to rally, I think the hot money will move from gold and silver into other sectors. I think this is what will happen for a few months, then combined with more favorable seasonal factors and the broad market rally running out of steam, money will move back into gold and silver. Also right now I think the powers that be (banks etc) are putting downward pressure on gold and silver. I look for a repeat of last year's downtrend in gold and silver.
Stocks Are Doomed, Only Cash or Precious Metals May Survive [View article]
There is no place to hide. Even Dubai is in trouble. I was born during the last Great Depression. Looks like I will die during the next one. But it's not my fault. Everybody else is to blame.
Roger Wiegand: Oil Prices Create Industry Havoc [View article]
The Energy Report: Roger, the last time we spoke, early in October 2008, you were predicting oil would reach a new high before the end of the year. Obviously that hasn't been the case. What's your take on what's happened since then?
Roger Wiegand: What’s happened is that we thought oil would go to new highs, and it looked that way on the charts for the longer term technically. Other top technical advisors and institutions like Goldman Sachs had analysts’ prices that were pretty much in line with ours. They were looking at $150, $147 crude oil prices just like we were, and expecting them to go even higher. Then, of course, the credit crisis smash arrived and markets came down.
I agree that he should have seen the effect of the credit crisis in early October of 2008. Anybody can see it looking backwards. If I was going to pay for his advice, I would expect him to see it beforehand, or at least while it was happening, as was the case in early October. He was also way off on his predictions for gold and silver for the December 2008 contracts.
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
The thing that caught my attention was using Freedom Oil and Gas as an example of "plenty of oil". This reminds me of Eden Energy, which was also going to stike it rich in Wolverine's backyard. Check out the history of Eden Energy. He could have chosen a much better example to illustrate that point. Makes me wonder what his agenda is. Is this a subtle pump for Freedom Oil and Gas ? Maybe not, because I don't see where it is publicly traded. This whole article just strikes me as the kind of pump you get from the alternative energy newsletters. I'll pass.
Do We Need an Alternative Energy 'Manhattan Project'? [View article]
We absolutely need a Manhattan type project to solve the energy crisis. I would use NASA as a better example of cooperation between government and private enterprise to solve an urgent crisis (the Russian lead in space). There should be a NASA type campus somewhere. Since Houston is the energy capital of this country it could be there. But perhaps it should be in a more neutral, academic place. MIT comes to mind. They have an energy project already. The 128 corridor is already a research center. There is no way Congress is going to lead the way to solve the energy crisis no matter which party is control If they were in charge of the space program step by step we would still not be on the moon. They just need to fund a NASA type program and let the scientists and industry go to work.
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Latest | Highest ratedNew MacroShares Up / Down Housing Funds Don't Really Track Case-Shiller [View article]
The 10 Hottest Commodities of 2009 [View article]
Dr. Stephen Leeb on Commodities and Inflation - Is He a Genius or Alarmist? [View article]
ETFs Are a Scam? I Don't Think So! [View article]
Manipulation of the Gold Market [View article]
MacroShares to Shutter Up / Down Oil Funds for Second Time [View article]
Make Diebold Your Personal ATM [View article]
Gold and Silver: To Buy or Not to Buy? [View article]
Stocks Are Doomed, Only Cash or Precious Metals May Survive [View article]
12 Commodity Based Short ETFs [View article]
Roger Wiegand: Oil Prices Create Industry Havoc [View article]
Roger Wiegand: What’s happened is that we thought oil would go to new highs, and it looked that way on the charts for the longer term technically. Other top technical advisors and institutions like Goldman Sachs had analysts’ prices that were pretty much in line with ours. They were looking at $150, $147 crude oil prices just like we were, and expecting them to go even higher. Then, of course, the credit crisis smash arrived and markets came down.
I agree that he should have seen the effect of the credit crisis in early October of 2008. Anybody can see it looking backwards. If I was going to pay for his advice, I would expect him to see it beforehand, or at least while it was happening, as was the case in early October. He was also way off on his predictions for gold and silver for the December 2008 contracts.
In the Long Run, the Dollar Is Dead [View article]
Long Gold and Silver: A Lifeline for Struggling Hedge Funds? [View article]
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
Do We Need an Alternative Energy 'Manhattan Project'? [View article]
The 128 corridor is already a research center. There is no way Congress is going to lead the way to solve the energy crisis no matter which party is control If they were in charge of the space program step by step we would still not be on the moon. They just need to fund a NASA type program and let the scientists and industry go to work.