Filmflam's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/111881/comments http://seekingalpha.com/article/177946/comments?source=feed#comment-804470 804470
1) The action is gold is hardly bubbly. Two-year consolidation and then only 20% above its all-time nominal high? Please show me the chart of any asset that has burst from this set-up. This is the first correction since breaking above $1000. And it isn't even a correction yet. I would guess it has further to fall since the dollar is looking pretty strong in the near-term.

2) Why aren't you arguing that oil is under-priced. I didn't see anything that supports your price for oil being correct. Oil could be temporarily suppressed by the worldwide recession and bursting of its more appropriately labeled bubble.

I don't consider myself a gold bug. Watched for two years and loaded up at $1004 before the takeoff. Mostly out of trading positions. The technical picture for gold is ridiculously strong and the story is easy for the public to grasp. If gold does continue, we will surely get to bubble territory, but there are ZERO signs of a bubble so far.

The most often cited "proof" of a bubble is the Cash4Gold commercials. This is backwards. They are trying to buy your gold. When they are running commercials to sell you gold, then we can talk about bubbles.

Keep up the good work, but remember, "If you cannot change your mind, you cannot change anything."]]> Mon, 14 Dec 2009 00:03:26 -0500
1) The action is gold is hardly bubbly. Two-year consolidation and then only 20% above its all-time nominal high? Please show me the chart of any asset that has burst from this set-up. This is the first correction since breaking above $1000. And it isn't even a correction yet. I would guess it has further to fall since the dollar is looking pretty strong in the near-term.

2) Why aren't you arguing that oil is under-priced. I didn't see anything that supports your price for oil being correct. Oil could be temporarily suppressed by the worldwide recession and bursting of its more appropriately labeled bubble.

I don't consider myself a gold bug. Watched for two years and loaded up at $1004 before the takeoff. Mostly out of trading positions. The technical picture for gold is ridiculously strong and the story is easy for the public to grasp. If gold does continue, we will surely get to bubble territory, but there are ZERO signs of a bubble so far.

The most often cited "proof" of a bubble is the Cash4Gold commercials. This is backwards. They are trying to buy your gold. When they are running commercials to sell you gold, then we can talk about bubbles.

Keep up the good work, but remember, "If you cannot change your mind, you cannot change anything."]]> http://seekingalpha.com/article/177268/comments?source=feed#comment-801992 801992
Made some good money in the 1960's and closed his fund in 1969 at the top. Then started Berkshire in the early 80's right before the largest bull run in history. Then in 2006, he had a fund (and reputation) so large he couldn't just close up shop. So, he gives all his money away to charity. With no way to preserve his wealth, he at least preserved his ability to watch the collapse without puking.

Now, he dabbles some with huge payday loans. His era has passed unfortunately. It is a losing game to be buying companies now. Only the traders, cheaters, and shorts can prosper until the pain is realized.]]> Fri, 11 Dec 2009 14:31:42 -0500
Made some good money in the 1960's and closed his fund in 1969 at the top. Then started Berkshire in the early 80's right before the largest bull run in history. Then in 2006, he had a fund (and reputation) so large he couldn't just close up shop. So, he gives all his money away to charity. With no way to preserve his wealth, he at least preserved his ability to watch the collapse without puking.

Now, he dabbles some with huge payday loans. His era has passed unfortunately. It is a losing game to be buying companies now. Only the traders, cheaters, and shorts can prosper until the pain is realized.]]> http://seekingalpha.com/article/177511/comments?source=feed#comment-801979 801979
I suspect a small flag or a another scary drop, but I will thank the heavens and GS (not the same thing, Mr. Obama) for a retest of $1000.]]> Fri, 11 Dec 2009 14:22:13 -0500
I suspect a small flag or a another scary drop, but I will thank the heavens and GS (not the same thing, Mr. Obama) for a retest of $1000.]]> http://seekingalpha.com/article/167555/comments?source=feed#comment-722725 722725
I calculate that 8133 Tons of gold equals about 238 million ounces of gold. Then I went with the value of currently circulating greenbacks as noted in Trace Meyer's pyramid (yeah, I am lazy) of $800B.

That means that all things being equal, gold is "worth" $3361 an ounce. That must be too simplistic.

If you have an opinion, email me at filmflamtv@gmail.com]]> Tue, 20 Oct 2009 19:03:49 -0400
I calculate that 8133 Tons of gold equals about 238 million ounces of gold. Then I went with the value of currently circulating greenbacks as noted in Trace Meyer's pyramid (yeah, I am lazy) of $800B.

That means that all things being equal, gold is "worth" $3361 an ounce. That must be too simplistic.

If you have an opinion, email me at filmflamtv@gmail.com]]> http://seekingalpha.com/article/147659/comments?source=feed#comment-581711 581711
This crisis has been called by many the largest theft in the history of the world. Part of that would have to be the plundering of all the US's gold which used to back the currency (and as such the property of the citizens of the United States). If this has just been the slow, steady, continuous movement of the only real store of value from the public to the opaque, then the gap between the rich and the poor will widen astronomically when all of the world's gold and silver will be in the hands of the private banks, wealthy individuals, and opaque sovereign entities.

Am I onto something, or on something?]]> Fri, 10 Jul 2009 01:16:07 -0400
This crisis has been called by many the largest theft in the history of the world. Part of that would have to be the plundering of all the US's gold which used to back the currency (and as such the property of the citizens of the United States). If this has just been the slow, steady, continuous movement of the only real store of value from the public to the opaque, then the gap between the rich and the poor will widen astronomically when all of the world's gold and silver will be in the hands of the private banks, wealthy individuals, and opaque sovereign entities.

Am I onto something, or on something?]]> http://seekingalpha.com/article/139014/comments?source=feed#comment-515179 515179 Sat, 23 May 2009 00:40:53 -0400 http://seekingalpha.com/article/138649/comments?source=feed#comment-513714 513714 Thu, 21 May 2009 21:13:20 -0400 http://seekingalpha.com/article/131587/comments?source=feed#comment-480001 480001 Mon, 27 Apr 2009 18:29:35 -0400 http://seekingalpha.com/article/132492/comments?source=feed#comment-476776 476776
Her demeanor is simple because the answers are simple and impossible. She, like Simon Johnson, knows what the answers are. And she knows how big the ramifications are. The "complexity" that is always drummed about isn't there. The solution is simple. The banks are insolvent. The oligarchy is blocking reform. I wish we had a world of people like her to drown out the noises from parrots like you. No offense, I am sure you are a nice guy. You are just on the wrong side of reality.]]> Sat, 25 Apr 2009 01:58:31 -0400
Her demeanor is simple because the answers are simple and impossible. She, like Simon Johnson, knows what the answers are. And she knows how big the ramifications are. The "complexity" that is always drummed about isn't there. The solution is simple. The banks are insolvent. The oligarchy is blocking reform. I wish we had a world of people like her to drown out the noises from parrots like you. No offense, I am sure you are a nice guy. You are just on the wrong side of reality.]]> http://seekingalpha.com/article/101917/comments?source=feed#comment-291193 291193
Our tax policy is massively stupid. Flatten the tax code. Tax consumption and idle wealth more, income less. That is the only way to encourage long-lasting growth.]]> Mon, 27 Oct 2008 00:41:10 -0400
Our tax policy is massively stupid. Flatten the tax code. Tax consumption and idle wealth more, income less. That is the only way to encourage long-lasting growth.]]> http://seekingalpha.com/article/91579/comments?source=feed#comment-234103 234103
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