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kingdoms333

kingdoms333
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  • Aetna could pull out of Obamacare - CEO [View news story]
    When this Obamination called "Obamacare" goes through the initial cycle, the insurance companies will have all withdrawn from the Obamacare market. The majority of those uninsured don't read much information, don't feel like they need to sign up, feel like they can still go to the emergency rooms....and...think about it....majority of the uninsured probably don't have a computer, access to the internet to sign up, and really don't know what is going on. So...there you go.....insurance companies will pull out or it will be an economic disaster for them. By the way...PeakOiler....pra... all businesses regardless what the industry is works on an average of about 15% margin that after paying for salaries, utilities, etec....end up with about 1 1/2% before income taxes. You need to get an understanding of business before you begin blowing off!
    Jan 22 11:17 AM | 4 Likes Like |Link to Comment
  • Gold's Fear And Uncertainty Trade Is Dead [View article]
    He can say all he wants to about Gold/Silver....but 'hyper inflation' will hit one in the butt at some point in the next 5 -10 years. I have put 5% of my portfolio in physical gold. It is not for me (at 72+) but is for my wife (61+) for her well being in the years down the road. That is the key to Gold/Silver. It may happen, it may not......but with this crazy world of QE.....and that is the only choice that gov'ts around the world really have to 'hold the world' together.......inflation will come. When inflation starts..just see how the Fed reacts when the people are crying and crying that the stock market is going down when they raise interest rates, people are stopping buying...and here comes deflation and contraction! It is not very likely to happen ..austerity it will not be.......no politician has the 'guts' UNTIL THERE IS A TOTAL ECONOMIC COLLAPSE....and that is a probability.....if that does happen......then Gold/Silver physical possession just might be your light to continue to survive....supposing that riots, etc. don't burn you down and run you out of town in front of the angry mob because you still have funds to live with...you will be the proletariat member of society and so sighted in on!! There will be a 'day of reckoning' and it is not going to be pretty! In fact it will be horrible to be living in those times! We are currently living in a total 'dream world' thinking that life is going to continue as it is now! You can certainly see that in Washington, DC....they are living in a 'dream world'!
    Aug 12 08:55 PM | 1 Like Like |Link to Comment
  • Dividend Growth Is Important To Enjoy Retirement Years [View article]
    If you are about ready to retire or already retired, you better think twice about living on dividends. Dividends in most major industries are going for around 1 1/2% - 2 1/2%. You better have a minimum $ 5 MILLION DOLLAR Cash portfolio if you plan on living off dividends! All this phony stuff that you must go for equity stocks with dividends sounds good, but in actuality unless you have $ 5 Million plus to put into dividend stocks (and hope the stock doesn't go down 20% + on a market correction and you can stand the heat when you lose 20% of your principal).....dividends just don't fill the bill. It would be best to have you have $ 5 Million minimum to put them into short duration funds paying 2 - 2.2% income per month. I have never understood why risk up to 20 - 25% of your principal to get a lousy 1 1/2% - 2 1/2 % dividend per year. Someone needs to explain to me why I would accept such risk for a lousy 1 1/2% - 2 1/2% dividend per year.
    Jul 30 09:52 PM | 3 Likes Like |Link to Comment
  • Gold - Here's What You Need To Know [View article]
    We, the USA, is in a very very extreme fiat money binge. The USA and it's citizens are approaching a time very soon where investors (people with money) are not going to put money into the 0% interest environment. The USA is in a dire predicament with its 16 Trillion Dollar debt...the US Gov't does not want interest rates to RISE! That would be a 1 - 2 year total disaster for the US Gov't as interest on the National Debt could double from 2 1/2 % to 5%...and it would wipe out 1/2 of the Military Budget. Consequently the US Gov't and THE FED have no other way to go except continue to print MONEY! When the squeeze comes from 1)investors not wanting to loan the gov't money for it's pittance return.....and yet the gov't 2) keeps spending....THE FED HAS NO OTHER RECOURSE BUT TO KEEP QE IN SOME FORM GOING...WHEN TRADERS REALIZE 'AGAIN' THE PREDICAMENT THE FED AND THE USA GOV'T IS IN.....GOLD WILL GO SKY HI.......IT IS A STORE OF VALUE. HAS IN HISTORY AND IT WILL IN THE FUTURE HISTORY! I would have hate to be living during the Weimer Republic in Germany when it took a wheelbarrow full of Marks to buy a loaf of bread. Don't think it can not or will not happen here in the USA. And the USA is not alone...the whole world except for maybe China is in the same predicament as the USA. WORLD INFLATION.....STORE OF VALUE EQUALS ''''GOLD''''!
    Jul 7 11:06 PM | 8 Likes Like |Link to Comment
  • European finance ministers are due to reconvene on Wednesday after yesterday failing to agree on rules about who should bear the brunt of rescuing failing banks in the EU so that taxpayers don't have to. Germany and other eurozone countries want to use Cyprus as a template and impose losses on shareholders, bondholders and then deposits of over the €100,000. France, Britain, Denmark and Sweden want flexibility in whether to take such steps. [View news story]
    The whole gov't financial thing is in such a mess that somewhere down the road all countries (except maybe China and India) are going to have to revalue their currencies and just write off debt. There is no solution to paying down substantially the USA debt as it is. And the same thing exists in Europe! But,,,the pain will be kicked down the road because no gov't or politician will stand up and talk straight to the people of any country. Own Gold......and Silver.......eventually it will sky rocket and no gov't can stop it. Also,,,interest are at the point that investors are beginning to require higher interest rates (with a negative return now) or they are not going to buy but just let their money sit in 'cash'! There are no answers to this financial mess!
    Jun 23 11:58 AM | Likes Like |Link to Comment
  • Gold: I Hate To Say I Told You So, But I Told You So [View article]
    It is logical that Gold/Silver is getting weak because of the 'deflationary' obstacles that the Fed is really still fighting. And,,the USA is probably the 'worse off' at the moment. Gold is a long term hold as we know during the 70's that the USA economy was a very much mailaise. And then the late 70's arrived and here came a screaming inflation. That is what will happen over the next 10 years in the USA. Inflation will return in a screaming way and then everyone will wake up to the real problem that was created with the continually massive QE going on TODAY. You don't want to be a squimish investor in Gold/Silver if you are not willing to ride the long time wave. And the author is right as he is writing today that it is likely Gold will hit the $ 1000 area. From a technical standpoint of the graphs...that is an easy call. I really don't like those advisors who say..."I told you so"...well it is like playing the fibonacci numbers,,,you price will certainly hit some resistance/support line so it is easy to predict. But that is just 'chatter' for someone to listen to you.
    Jun 20 11:47 AM | 1 Like Like |Link to Comment
  • Record Hedge Fund Short Position In Silver [View article]

    The article is good advice. Like they say...the bullion banks will eventually end. The only way the gov't could slow the increase in gold prices is by intervention by huge banks like J P Morgan, etc...to 'nail' the GLD and scare the be-jesus out of everyone. And that has succeeded. But....be patient......as the author advises.....eventually reality will reappear in the silver and gold prices and those who are patient will be rewarded greatly!!!! Prudent advise. I also used to be a commodities trader and have been watching and playing the markets since 1975. Patients is a problem for everyone...take a deep breath and relax. The real world will reappear!
    Jun 17 10:50 PM | 2 Likes Like |Link to Comment
  • The decline in gold prices could be an opportunity for bulls, quips MBF Clearing commodities trader Mark Fisher. "If you're a long-term believer in gold, then you should love this, what's going on, because it's going to give you a chance to buy a significant position at a much cheaper price." The operative two words in that sentence however, are "long-term." "If you're a short-term speculator, good luck." (Video). [View news story]
    Every market has its 'dumps'! And I do believe that the Big Banks have a huge hand in this. Basel III world wide bank rules are being implemented and that says that the Big Banks must begin accummulating gold to meet the new Basel III bank reserves. It is all the more reason for the banks to drive gold down and be able to buy it much cheaper. This huge short position has been building and it was a matter of time before things began happening....and it is! Fiat Currencies haven't never made it in financial history and they won't again. What does....Gold/Silver! How long will it take for all this to play out.....may take 10 years or maybe 5 years. The world can not run on fiat currencies. Everyone in the know regarding financial history knows this to be a fact.
    Apr 15 11:48 PM | 1 Like Like |Link to Comment
  • In response to the spike in volatility, CME Group (CME) says it's raising collateral requirements for trading in benchmark gold, silver and other precious metals futures contracts, effective at the close of business Tuesday. Margins to trade Comex 100-troy ounce gold futures will be increased by 19%, silver will increase 18%, palladium 14% and platinum by 19%. Natural-gas futures will also increase 5.6% as well. [View news story]
    Certainly time to be steady and full of wisdom! Cash at the moment looks even better. There could be some big hedge funds, etc. blow up particularly if this swings over into the equity markets....which I think is very very likely. We may see that 20 - 40 % correction possibly!
    Apr 15 11:48 PM | Likes Like |Link to Comment
  • The House passes the Senate's fiscal cliff bill, 257-167. It now heads to the president for signature. (what's in the deal[View news story]
    Hard to call....but....it will gap higher and could very well be a 'bear trap'..........the trading adage.......buy the rumor....and sell the fact!.....this market has been holding very firm in the face of not too good looking fundamentals in industry.......probably best to watch the action tomorrow and a few days. I think the markets will now start looking at the bad fundamentals..nothing has changed in the consumers mind. Same high unemployment, ObamaCare kicking in and no one knows what these costs are going to be...etc...etc......can't see much 'positive' information to see an S&P going to the 1500 area. We all know that this country is looking at $ 20 Trillion Debt load at the end of this socialist president.
    Jan 2 02:12 AM | 1 Like Like |Link to Comment
  • Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid. S&P 500 losses accelerate, -0.7%[View news story]
    Harry and his friends don't want to stick their necks out! They don't want taxes to be held at the current levels for anyone. A good way to blame the Repubs and accomplish what the socialists want to do and the American people are soooo naive that they really don't understand why Reid and his friends want to 'really' do!
    Dec 27 11:15 AM | 6 Likes Like |Link to Comment
  • Since the Court upheld Obamacare, small business owners have gone from denial to outright anger. Many entrepreneurs are focusing on figuring out what moves they can make to gum up the works and prove healthcare reform was a bad idea and offer a case study on why it will fail. Some of the top threats: Firing workers instead of hiring, stop providing health insurance altogether and pay the $2K penalty, or even going so far as to shutter their businesses.  [View news story]
    I am a small business owner. When the competition decides to drop their employee healthcare insurance and just pay the approx $ 2000 'tax' penalty.....that will make other competitor companies drop theirs...force their employees to purchase their own health insurance with 'after tax' dollars....and the company will pay the penalty...whoops....TAX! this will be required to remain cost competitive with the competition. But,,,,,,the employees will be the ones that are hurt financially as they will buy their own insurance and in most instances it will be a less coverable insurance. BUT,,,,THE OBAMA ADMIN AND THE DEMOCRATS ARE NOT REALLY CONCERNED ABOUT THOSE OF US PAYING ALREADY FOR INSURANCE...ALL THEY WANT IS THE 30 MILLION WHO DON'T HAVE INSURANCE.
    Jul 17 10:00 PM | 3 Likes Like |Link to Comment
  • Politicians' talk of $2.50/gallon gasoline isn't realistic, and the U.S. already enjoys the "cheapest energy in the world,” T. Boone Pickens says. He's “frustrated” that legislation which would put more natural gas into commercial trucks has gone nowhere: "You put natural gas... into heavy-duty trucks, you can bring down the price of diesel gasoline. I don’t understand why they [Congress] don’t understand."  [View news story]
    Please, please, please....study how the futures markets work and the key roll that speculators play. Everything in the futures market is based upon expectations of the future. Without speculators and the futures markets....you would see huge swings every few weeks in the price of everything you buy and particularly any commodity related product like gasoline, bread, meat, etc......I know that you would not like to see gasoline per gallon at $ 1.50 per gallon one week and within a few days it could be $ 6.00 per gallon......also....br... 1.50 per loaf one week and a few days later,,perhaps,,$ 3.50 per loaf. PLEASE PLEASE UNDERSTAND THE FUTURES MARKET. I used to own a grain elevator and was also a registered commodity broker for several years.....and your understanding and the majority of all news outlets and 'spin doctors'....including O'Reilly,,,,,,,absolutely don't understand what they are jabbering about.
    The big problem in this country is that most people either are too lazy to do due diligence on a subject or...would just rather spew the stuff further to everyone they know or don't know. Goebbels himself in Nazi Germany had the philosopy of propaganda to tell a lie often enough and long enough and eventually people would believe it! Well,,,,this is certainly what is happening in the country today in a great big way!
    Mar 7 04:27 AM | 2 Likes Like |Link to Comment
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