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  • Remains My Favorite Short [View article]
    Nice job, Michael.
    May 21, 2014. 11:06 AM | 1 Like Like |Link to Comment
  • Avoid GLD: Ukraine-Fueled Pop Is Unsustainable [View article]
    Most people have very little extra money and pressure is still downward on wages.Automation and increases in productivity also are pressing downward on wages.There is no real hope for the economy as the rich will get richer and the poor will become even more poor.Oddly enough, everyone's standard of living is still increasing.One in one-hundred of the population can produce enough food for everyone. The government will continue to borrow more and more money to feed, house, and care for the growing numbers whose incomes fall below a level where they can no longer support themselves.It's a sad, sad cycle and will take many more years to play out. Where will the rich hoard their money? As long as only a few have most of the money it will buy a lot and gold will be just a metal.We will not see hyper inflation for some years down the road.

    It's a case where Robert Reiche (demand side) and Arthur Laffer (supply side) are both right. The economy will continue to decline until the geopolitics arrive that can triangulate an optimal compromise between those dichotomies.In the mean time, gold prices will fluctuate a lot but will be on an overall downward trajectory.
    May 8, 2014. 05:55 PM | Likes Like |Link to Comment
  • Is Vulnerable To Aggressive Pricing By Competitors [View article]
    Cloud eventually boils down to just commodity business anyway. Low or no margin. No matter how much it grows. It's just too cheap and easy to create more. And there is nothing really innovative or proprietary about any of it. SaaS has the potentional to become a money maker for CRM but it looks like their cost structure will never permit them to become profitiable. Now may be that "right time" to short this thing. I say that with hesitation, however, as I have been burned by this one before.
    May 2, 2014. 09:52 AM | 3 Likes Like |Link to Comment
  • Why Silver Isn't Pulling Up? [View article]
    Excellent. I like the way you tied specific dates and events to price changes. Helps understand the volatility (at least some of it). That is great analysis.
    Feb 6, 2014. 08:11 AM | Likes Like |Link to Comment
  • The GLD ETF Just Grew Legs To Run Further [View article]
    I think you will see the "taper" continue. I see it as a "nominal" or "in name only" taper. The Fed has set that direction and won't "jerk the wheel" in the opposite direction because of one data point. Look for continued but very gradual tapering to continue. Look for the price of gold to continue it's irrational volatility up and down because of it. I bet you that before this week is out, that some member of the Fed will come out an make some statements that will send gold and silver down by 2% in a single day again. Never mind the fact that we are still in QE infinity. The Fed is playing this "slight of hand" game and continues to project the illusion of tightening when in fact they are still loosening.
    Jan 13, 2014. 09:35 AM | 3 Likes Like |Link to Comment
  • Could Be Fudging Their Sales Numbers? [View article]
    I won't short CRM again until I see it start to break down. I lost some money buying puts on this thing over a year ago. Not since and never again. It still hasn't broken. In my opinion, you have to wait until you see something fundamentally break or change, some type of catalyst. If you think about it, the same was true with NFLX. It only broke down when the company made a huge marketing blunder that dramatically forced down subscriptions.

    I have not been trading stocks all that long, but it seems these momentum stocks behave like the laws of physics. "An object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force."

    Any kind of credible formal allegations of fraudulent accounting would certainly be such a catalyst. I would use caution not to draw those conclusions from nothing more substantial than a "Bernie Madoff" type of constant performance indicator. We know what they are doing and that they are "sandbagging." But it's legal so far as I know.

    At some point, and I don't know when, but given enough patience and if we keep watching, someday this stock is going to become a huge money maker for those who deploy with the right timing.
    Nov 20, 2013. 05:45 PM | 5 Likes Like |Link to Comment
  • May Pop On Earnings, Sell The News [View article]
    Great job. Nice to see somebody can actually do a little math. Thank you.
    Nov 18, 2013. 08:41 AM | 3 Likes Like |Link to Comment
  • Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]
    Higher interest rates will drive QE to infinity. That triggers a death spiral cycle of creating more government debt to pay for existing government debt. No level of taxation can support it. Only money printing and currency devaluation can back stop it. Get ready, it's coming.
    Jun 13, 2013. 12:28 PM | 2 Likes Like |Link to Comment
  • Time To Buy Long-Term U.S. Government Bonds [View article]
    Under what realistic set of circumstances or events would interest rates be likely to rise?
    Jun 5, 2013. 01:36 PM | Likes Like |Link to Comment
  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    The market value of anything can go below and remain below the cost of production. The production cost is not relevant to the market value as long as the consumption demand from industry and commerce is insignificant relative to the supply.
    Jun 5, 2013. 01:30 PM | 1 Like Like |Link to Comment
  • The Charade Continues With Recent Acquisition [View article]
    Tim, that's a pretty bold article. I am accustomed to seeing these allegations frequently and with great prevalence among reader comments. Not so much straight up like that in a published article. You are a brutally honest guy with great courage.
    Jun 5, 2013. 01:18 PM | 3 Likes Like |Link to Comment
  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    Keep in mind Robert, that panic can drive gold prices abruptly in either direction. And just because there is no inflation as reported by the CPI index, does not mean you will not see a collapse of the dollar along with other major currencies during the next few years. The dollar or any other currency is not a good place holder for your wealth. Neither are bonds, notes or any other instruments payable in currencies. You are hanging your hat on some very, very weak notions.
    Jun 5, 2013. 08:40 AM | Likes Like |Link to Comment
  •'s CEO Discusses F1Q14 Results - Earnings Call Transcript [View article]
    Thanks, Ed. Go away and come back tomorrow.
    May 24, 2013. 08:47 AM | Likes Like |Link to Comment
  • The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
    I really don't see how anyone can believe that gold and silver prices are not manipulated.
    May 23, 2013. 04:29 PM | Likes Like |Link to Comment
  • The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors [View article]
    LOL. It's for sale, IT. Wanting to buy more gold. I busted a 1999 Cobra polished wheel in a big old government pot hole the other day. Mustang Racing part number M-1007-G178. Can't find one anywhere. Those things are like gold, man, if you know what I mean. I could try to sell the three I have left for more than I paid. But I am holding out for one like I have. One like the other three.
    May 16, 2013. 09:59 PM | Likes Like |Link to Comment