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Bird-man

Bird-man
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  • What Are The Controlling Arguments For Being Bullish On Gold? [View article]
    Certainly anyone who was leveraged to gold lost heavily. Some lost more than 50% and in particular there are folks over 85% down who had too much exposure to gold stocks.
    Apr 14 06:20 PM | Likes Like |Link to Comment
  • What Are The Controlling Arguments For Being Bullish On Gold? [View article]
    Nobody lost over half their investment? I think you need to keep up with the news better, brother. One of the biggest gold funds in North America, the Sprott Gold Fund, lost more than 50% of its value in 2013 alone while John Paulsons fund lost 63%. Read the article attached for reference. Those gold-bugs who hung on all through the declines got absolutely squashed.

    Gold Drop Blow to Prominent Hedge-Fund Manager Sprott - WSJ
    http://on.wsj.com/JsTmhx
    Apr 14 06:18 PM | 1 Like Like |Link to Comment
  • Will Silver Break Free From The $20 Price Range? [View article]
    Not sure why Lior says the dollar is weakening. The dollar is currently rising.
    Apr 14 04:21 PM | Likes Like |Link to Comment
  • Peter Schiff Is Wrong On Gold... Again [View article]
    Danomacker, you may have noticed that the Canadian dollar began its decline at the same time gold peaked and topped. It has fallen since 2011 along with the whole commodity sector. If you are betting that gold will make up for the CAN losses it will cost you because there is a correlation between commodity currencies and precious metals. In other words, a CAN that keeps falling also suggests gold will not recover.

    I expect the CAN to bottom near .85 then rise again.
    Mar 21 04:00 AM | 1 Like Like |Link to Comment
  • Peter Schiff Is Wrong On Gold... Again [View article]
    Peters theory are too politicized for many to swallow. He may have had some good ideas but the agenda and slant he attached to it just makes him sound crazy. I mean to say that politics is not usually tradeable information because it can be so fickle.
    Mar 21 03:56 AM | Likes Like |Link to Comment
  • Peter Schiff Is Wrong On Gold... Again [View article]
    How about draft all unemployed in the military and start another war?
    ----------------

    Yeah, all those welfare bums will make great soldiers!
    Mar 21 03:14 AM | Likes Like |Link to Comment
  • Peter Schiff Is Wrong On Gold... Again [View article]
    Svetoslav, you obviously were not there. The Arabs embargoed oil. Supply was limited. Inflation was felt in everything eventually. Food, rents, housing, gas, consumer goods.....you name it. That was a brutal period of time.
    Mar 21 03:13 AM | 1 Like Like |Link to Comment
  • Peter Schiff Is Wrong On Gold... Again [View article]
    Worst timing ever! Why do people keep insisting he is "right"?
    Mar 21 03:08 AM | 2 Likes Like |Link to Comment
  • Peter Schiff Is Wrong On Gold... Again [View article]
    Good one Decider! Avi and Robert are insiders with a secret agenda to trick all the people who post on these gold articles. I hear Avi has a hotline direct to the Fed and can move markets as he pleases. He is truly the man behind the curtain. That is why he keeps making money while the rest are getting squashed and crying the blues.....
    Mar 21 03:05 AM | Likes Like |Link to Comment
  • Peter Schiff Is Wrong On Gold... Again [View article]
    It was an interesting article There is plenty here to argue with too. Particularly Roberts views on inflation where I will disagree with him. Not sure why Peter Schiff is being given so much attention though. His stature for predictive analysis has gone almost to the bottom of the barrel and I don't think many see him as all that credible anymore. At this point his views are just a lot of background noise so he is too easy a target.
    Mar 20 08:56 AM | 3 Likes Like |Link to Comment
  • Peter Schiff Is Wrong On Gold... Again [View article]
    That was an excellent commentary Robert. Thanks.
    Mar 20 08:17 AM | 3 Likes Like |Link to Comment
  • Seeking Alpha Crowd Wisdom Predicts Future Stock Returns [View article]
    That was a great article Eli. It is one worth printing out and saving as far as I am concerned. I would love to hear more of the research on SA articles if there is any. I just heard by the way that you guys are based in Tel Aviv. I did not know that. Honestly I just figured you were a New York outfit. Years ago I lived at Yad Mordechai. It was a fantastic experience. Maybe you have been there.
    Mar 20 07:45 AM | Likes Like |Link to Comment
  • Reading The Tea Leaves; Yuan Down, Hang Seng Down, Gold Down Overnight [View article]
    I don't often come back to an article after so long but I had to post this link, Robert. It relates to your idea that China (Chinese buyers) may actually start SELLING gold at some point in the future. Obviously that idea was met with disdain here as was to be expected. And yet there may be merit to the thought.

    I was reading an article at Zerohedge tonight discussing the commodity carry trade in China and how it may be winding down. Gold indeed plays a role as does copper, rubber and zinc. Anyway, the point being made was that the government may be deliberately destabilizing exchange rates etc in an attempt to reign in credit growth based on the commodity-collateral carry trade as it has been impacting on credit growth surges.

    You will have to read the article for yourself to get the essence of the idea but here is one quote:

    "In this context, an unwind of Chinese commodity financing deals would likely result in an increase in availability of physical inventory (physical selling), and an increase in futures buying (buying back the hedge) – thereby resulting in a lower physical price than futures price, as well as resulting in a lower overall price curve"

    And yes, that effect would apply to not just copper and coal but also to gold, silver and iron ores. Not sure if you are still following this thread Robert....let me know what you think.

    From ZeroHedge - March 18 2014: What Is The Common Theme: Iron Ore, Soybeans, Palm Oil, Rubber, Zinc, Aluminum, Gold, Copper, And Nickel?
    http://bit.ly/1iAG00x
    Mar 18 07:11 PM | Likes Like |Link to Comment
  • The 'Crowd' Is Bullish Gold And Silver: Should You Be? [View article]
    Sounds to me like Grumpy understands gold perfectly.
    Mar 18 02:21 PM | Likes Like |Link to Comment
  • The 'Crowd' Is Bullish Gold And Silver: Should You Be? [View article]
    I agree Grumpy. Gold is somewhat arbitrarily priced. Its fair market value is really in the eyes of the beholder and that is highly subjective. Volatility has been extreme. If my dollars moved the way gold has for the past few years it would be a disaster.
    Mar 18 02:19 PM | Likes Like |Link to Comment
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