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Johnnyten

Johnnyten
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  • Bottom In Gold Likely To Be Below $770 [View article]
    Hey boys, you need to use this calculator to check out what inflation does to your dollar :http://bit.ly/Q0cXsL
    A dollar may be a dollar may be a dollar but the purchasing power changes. If you can agree on that then its only a question of semantics.
    Apr 8, 2014. 02:54 PM | Likes Like |Link to Comment
  • The 'Bad Weather' Excuse Is Not Valid - The Economy Is Tanking [View article]
    According to Fed Philly President Charles Plosser said, "The Federal Reserve may have to accelerate the pace of tapering to take into account the economic pickup currently ongoing in the U.S. and the improving forecast for the near future..." Interestingly enough today, McDonalds posts that US Sales have Longest Negative Streak In Over A Decade.
    Hmmm. Mr. Plosser, I believe you spoke a little too soon.
    Mar 10, 2014. 10:22 AM | Likes Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    It seems that my last comment disappeared as did those comments that I was commenting about. I usually don't see it useful to comment on an article that is so utterly deficient in information and flawed in comprehension. The breadth of details needed to cover the subject of gold's potential for rise or fall cannot be explained away with emotional hyperbole. I seriously have to ask the author if he is living under a rock when one looks at all the uncertainties and complexities of the world today relative to gold's price rise or fall as well as the complexities of the yellow metal itself. Many parts of this article are nothing more than fanciful assumptions and creative writing. "The facts are, while gold will certainly have its dead cat bounces like it is having now, the path of least resistance for gold is down. The tail winds that blew it into the stratosphere have become headwinds, and those headwinds are likely to start to blow stronger." Pastoral writing aside, I could find no facts in that statement or facts to back up that statement in the article itself. Nice job however on the amount of hits you received and corresponding payment you will be rewarded...
    Feb 24, 2014. 08:56 PM | 2 Likes Like |Link to Comment
  • Ben's 2014 Guide To Precious Metals Investing [View article]
    I appreciate your straightforward, open and sincere perspective.
    Feb 4, 2014. 05:27 PM | Likes Like |Link to Comment
  • Why Gold And Silver Prices Are Not Headed For The Stratosphere [View article]
    Great article for debate. Its interesting how people defend any one of the three camps that you mentioned. It is equally interesting how dogmatic they are to not even consider a different scenario than what they believe. I think it is very difficult for people to get their head around the idea that deflation is a likely scenario. I am heavily invested in my "camp" but I am also ready to change camps if the info presents itself. Thanks for a mind opening article.
    "Stupidity comes from having an answer to everything. Wisdom comes from having a question for everything."
    Milan Kundera
    "The wise man doubts often, and changes his mind. The fool is obstinate, and doubts not; he knows all things but his own ignorance."
    Akhenaton
    For my nerves, I have picked up surfing again after a 20 year hiatus. Out there it gives me time to reflect. It's time for me to scope out the next set of waves in addition to be ever watchful of a tsunami...
    Aug 21, 2013. 06:15 AM | 2 Likes Like |Link to Comment
  • Silver Caught In Cross Currents [View article]
    Interesting and entertaining as always, Tom. I get a few chuckles from some very amusing commenters that follow your articles. Keep up the great work.
    May 8, 2013. 02:04 PM | Likes Like |Link to Comment
  • Fed To Help Gold Soar Off 6-Month Low [View article]
    Ha, that was a good one! I was baffled trying to get my head around the first couple arguments before I figured out the joke.
    Feb 14, 2013. 12:19 PM | Likes Like |Link to Comment
  • Repoed, Part 2: A Deeper Look At Banks' Source Of Dry Powder [View article]
    Colin, excellent, gripping, eye-opening/hair-raising and unusually gutsy article(s).
    Jan 17, 2013. 04:29 AM | Likes Like |Link to Comment
  • What Is The Fed Doing? I Love Ben Bernanke [View article]
    For the love of Pete! (Um, that is, Bernanke)
    Russ, can you answer a few questions?

    1. Who believes/trusts Gov. numbers? In the link they even admit," The Federal Reserve Board on Thursday announced preliminary unaudited results..." I don't know about you but unaudited to me means unofficial financial examination.
    2. Please educate me where I have this wrong. The Federal Reserve (which is not Federal at all but rather a private entity) prints money i.e. fabricates fiat currency out of thin air and debases said currency by means of inflation à la QE2infinity & beyond (sorry I forgot: until the Gov. "official" unemployment rate hits 6.5) and makes a tidy little profit doing this? Do you see anything inherently unethical/corrupt about this? Anything, Russ?
    3. At what cost is this said operating profit? Assuming that the equation used is Operating Profit=Operating revenue - Operating Expenses.
    4.BTW....What and how are the operating revenues and operating expenses calculated in this case?? I mean really. Changing the decimal point on a computer (s) isn't all that expensive of an operating cost, is it?
    5. Which brings me to a question I never thought of before, thanks to you, Russ: Does the Fed pay taxes after this operational profit is calculated? I mean, I get my EBIT or NOI from my operational profit of my business and then taxes take a nice sized chuck out that!
    Jan 16, 2013. 11:08 AM | 1 Like Like |Link to Comment
  • A Grand Bargain: 8 Factors That Could Drive A Surprise On The Deficit [View article]
    Convictions of one's ideology? As in: "Manifesto of the Communist Party." [?] In any case, the hurdle has been the convictions of opposing parties, e.g., deadlock.
    Nov 8, 2012. 03:31 PM | 3 Likes Like |Link to Comment
  • The Fall Of The Electric Car... And The Rise Of The NGV [View article]
    LPG goes for around $3.00 a gallon where I live. Premium gasoline is over $6.00 because it it taxed heavily. Most of the taxis here have converted to LP for this reason. I have been told LP is subsidized or at least taxed less by the government since it is relied on as a cooking fuel here so I am not too worried of price manipulation.
    Nov 5, 2012. 06:08 PM | Likes Like |Link to Comment
  • The Fall Of The Electric Car... And The Rise Of The NGV [View article]
    I live outside the US and after considerable deliberation, I just had my pick-up converted to LP gas. (Liquid Propane) It is an Italian system and cost me around $1,700. Runs on gasoline or LP. It will save me around half the amount to run, which is sizable since I live on an island where the gasoline prices are some of the highest in the world. My point: Since professional kits are available to retrofit any gasoline powered engine; the change could be faster than most people imagine. Obviously, US safety regulations and bureaucracy would be the major hurtles... Ruptured tank? Yes, I admit it is in the back of my mind while driving....
    Nov 5, 2012. 09:31 AM | 2 Likes Like |Link to Comment
  • What Is The Fed Doing? I Love Ben Bernanke [View article]
    Bernanke a genius? That's debatable and time will quickly tell. I will give him genius status at doublespeak. The problem with many "geniuses" (especially the self-proclaimed types) that I have run into is that they many times lack common sense and/or creativity, their inflated ego gets in front of their reasoning and they have trouble admitting when they have made mistakes. (even to themselves) I have seen people in academia make blunders that the average Joe would laugh at. My point is that all that intellectual facility does not denote that their theories are or will be correct. Do not get me wrong I have nothing wrong with geniuses. I'm currently reading a quaint little book:"Quantum: Einstein, Bohr, and the Great Debate about the Nature of Reality" I highly recommend!!
    Oct 28, 2012. 12:26 AM | 3 Likes Like |Link to Comment
  • Jim Rogers, Peter Schiff Rip Bernanke And The Fed [View article]
    Hmmm of all the Gloom/Doom gurus out there I choose Marc Farber. Dr. Gloom is actually upbeat, straightforward and amusing without having to spin anything. Even when he says, "Were Doomed!", he says it with a twinkle in his eye. I tend to agree with the majority of his economic theories but mostly appreciate his outside the box thinking. He is the only one in the group of doom-gloomers I would pay to see one of his seminars.
    Sep 28, 2012. 09:06 AM | 1 Like Like |Link to Comment
  • The Unavoidable U.S. Reality: The Upcoming Economic Collapse [View article]
    To Mr. Wyatt Junker,
    I will be less kind to you than Mr. Wood. I come across your comments from time to time and have noticed that you often vilify people that have different opinions with a hostility that is preachy and "holier than thou." In your above comment to Mr. Wood, you come across as a troll and I have reported abuse. (I care less that 18 people "like" your comment.)
    As the name applies, Seeking Alpha is a forum to express ideas and opinions to help one navigate, understand better and exchange ideas on the investment world not a place to voice personal ideologies. (Although I notice it is becoming more of the later.)
    To Mr. Wood's defense: He explained that this is not a question of liberal or conservative issues that will solve this problem nor do I believe did he set this up for debate. You attack him on the assumption that his political viewpoint is different than your own. (Pigeonholing and demonizing someone confirms more about yourself than it ever does the other person.) Mr. Wood mentioned in an earlier comment that he was neither a Republican nor Democrat but a businessman and economist not to mention he was a president of General Electric and Citibank in Latin America. Wyatt Junker sir, your ideology, ego and deep hostility blind you from digesting any particulars of an article in which you could learn something or God forbid, change your mind. It seems quite apparent from other comments you have made, that you would rather blather on with your superficial omniscient authority. I strongly suggest you read "This time is different," which Mr. Wood has mentioned and kindly resist personal attacks.

    To Mr. Wood: A gutsy, thought-provoking read that led me to question my position and consider other scenarios. I must admit that the nice words to Mr. Krugman disagreed with my stomach but I realize this was to prove the liberal viewpoint that stimulus is not the answer in this point in time.

    J10
    Jun 13, 2012. 09:11 PM | 1 Like Like |Link to Comment
COMMENTS STATS
32 Comments
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