deuxsous

http://twocents.blogs.com/weblog/

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    • Rising Gold and Silver: Essential to Any Investment Strategy [view article]
      Effectively Sanchez is saying that gold will profit from uncertainty near term and up to about six months out. By that time he implies that a successful resolution of the credit trap would improve the economy and gold would fall. But even the eventuation of a severe world wide recession would also cause gold to fall at some point in time. So I think one may want to increase on gold short term but not as a total replacement for productive (interest, dividends, capital gains) investments.

      Oct 06 10:24 AM
    • SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit? [view article]
      Kelly, Are you a private investor? Or do you work for an interested firm? Sep 12 12:24 PM
    • SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit? [view article]
      Malkiel, GLD is a "market" where one can buy or sell small or large amounts of gold exposure. Most people do not want to buy a gold trading company which may or may not trade sucessfully. They want to be "indexed" to the cash gold price. There are public commodity trading pools available if you want someone to do that for you. Check Clusty.com or Google.com for commodity trading pools or funds. Sep 11 02:30 PM
    • The Rebirth of Gold and Silver? [view article]
      I agree. On the long term charts silver looks very much like where it was for most of 1974 and 1975 after a similar 5 wave rise from 1967. I think silver's going much higher later on, probably next year unless world recession goes deeper than I think it will. In that case it may take two years of consolidation at these lower prices. Sep 11 11:05 AM
    • The Rebirth of Gold and Silver? [view article]
      twocents.blogs.com/web... Sep 11 08:37 AM
    • Precious Metals Manipulation: Lawyers Prepare for Battle [view article]
      On first glance it looks like this: "Oh my, they've let the "manipulationista... out of the looney bins again. They are the people who think it's glorious good fun and only right when gold goes up, but it's shady manipulation when it goes down."

      Actually this is what's going on: There's a need to recruit a new generation of loonies and make them so angry about government with manipulation fantasies that they will buy gold all the way down in a bear market as they did from 1980 to 1999. They hire gold newsletter writers and other hustlers to help them fleece the ignoranti. It always works. Just like politics eh.......:)

      Sep 04 12:57 PM
    • Gold Futures' Dirty Secret (Part I) [view article]
      Gold is a valid way to diversify and reduce overall portfolio volatility. Professor Roy Jastram's seminal book, The Golden Constant (John Wiley and Sons, 1977), established that a portfolio with 5-10% gold in it was much more stable than a portfolio without any gold. 2008 has certainly proven that fact yet again even though gold is now down on the year.

      Professor Jeremy Siegel's work also establishes that gold holds its value over all types of markets and through all sorts of upheavals:
      .
      "If you had taken US$1 and invested it into the following assets in 1802, by the end of 2007 they would have grown to:

      US Stocks: $766,854
      Bonds: $1,320
      T-Bills: $302
      Gold: $2.45
      The US Dollar: $0.06"

      www.wheredoesallmymone.../

      Many people have political and philosophical agendas behind their fascination for gold, but it's just a time proven diversifier in the very long run. The history of gold is fascinating, but so is the history of interest rates and stocks. They are all necessary in optimal investment planning.
      Sep 03 02:09 PM
    • Gold Futures' Dirty Secret (Part I) [view article]
      mikeyLV,,,one theory comes from 1979-81. dealers then got stuck with tonnes of gold and silver at the highs. partly this was due to their own greed and partly to the wise disgorgement by the public of their silver tableware, gold coins, and jewelry into the parabola. eventually the "precious metals" newbies were convinced by science fiction writers that prices were coming back "right away". so then the dealers who were still standing were able to distribute all the way down until 1999-2002. scads of writing hacks for dubious publishers are needed to stoke that demand. BB and his stable of hacks is at the ready as always. "shortage" may replace "manipulation&quo... on the top ten science fiction hits.

      Sep 03 10:19 AM
    • Gold Futures' Dirty Secret (Part I) [view article]
      the poor olde dollar index, which according to the "negatory collective netmind" was going to 50 or 40, didn't. since last winter it's up 10-20% in the various other varieties of paper. so if the dow is down 20% you broke even,,,as the legions of purveyors of "depression now!" always said when it was headed the other way.

      needless to say gold is down that much or more. well good stuff can't just happen, so someone must be manipulating everything again after 6-9 years of inflation! it makes me laugh but you'll never get an admission from the "negatory collective netmind" that it/they was/were EVER wrong. so they have quietly dropped $1500 gold tomorrow and burn your dollars for their energy content and have moved on to science fiction and barrack h mugabe jr's coming apotheosis.

      i wish i could just accept the fact that the ability for neocommies to dilate at length on the "negatory collective netmind" is good for mental health in a general sense, but i was taught to demand responsibility from those flapping their lips and distracting me. the theory is that if they weren't hyperventilating their drivel, they'd be burning synagogs or whatever architectural symbol is hot this month amongst the neocommies.

      the alternative theory is that constant hyperventilation only encourages them to assume they must be correct and now they'll move on to even worse verbal (mental?) debauchery....not to mention the deleterious effects of "recruitment"... of other borderline minds which were managing to stay afloat until finally done in by the "negatory collective netmind".

      ever wonder how hitler got legally elected? he knew people really wanted change, and he gave it to them.
      Sep 03 09:05 AM
    • Gold Price Conspiracy? [view article]
      fran:

      for US-based investors CEF is a "passive foreign investment company" (PFIC) and is legally taxed fairly heavily at the federal level. ASA which is also a PFCI published this informative pdf file on the whole issue of PFIC taxation:

      www.asaltd.com/Tools/L...       Aug 21 01:52 PM
    • Gold Price Conspiracy? [view article]
      from a cyberfriend on the "gold shortage":

      "Hi ---x,

      Just thought you would be interested to know that my business (I do crown and bridge work for different dentists) uses precious metals every day. After reading all the hysterics on the 'Net' yesterday about shortages I decided to call my supplier to see if they were having any problems. Nick at **** said he had not even heard a whisper about a problem. They also sell various types of gold coins and bullion. There is no shortage in these either.

      Seems to me that someone is stirring up rumors. Gold should bottom around the $690-$750 area as near as I can tell. No need for panic."       Aug 21 01:46 PM
    • Dollar Rally Won't Last Forever; Don't Give Up on Gold [view article]
      twocents.blogs.com/web... Aug 14 02:12 PM
    • While Gartman is Goldless, I Still Itch for Commodities [view article]
      RYFOX looks like an excellent "one stop" approach to "alternative"... approaches. I have RYMFX which is the Trader Vic Sperandeo approach to managed futures in commodities and financials (note, bonds, forex). That's 50% of what's in RYFOX as you know. RYFOX gives the manager some greater flexibility in the commodity and forex area, and since they both started up in March at about the time of the gold peak, RYFOX has outperformed RYMFX.

      I'd say you ARE smart in your choice! ;)       Aug 11 11:48 AM
    • Bob Moriarty: Gold is Safe Haven for Looming Crash [view article]
      Both CEF and ASA are, for US investors, "passive foreign investment companies" (PFIC) and require one to make formal "elections" on a special form to the IRS of one of several choices of how to be taxed. All of the choices are, in my opinion, unfavorable compared to normal US investment taxation. Making no formal election also has adverse results.

      In my opinion, and I am only a private investors and NOT an attorney nor an accountant, it would be preferable for most US investors to own CEF and ASA only in tax-deferred retirement fundds such as IRAs, 401Ks, etc.

      Here is an explanation of the tax treatment of PFICs which ASA has published at its website:

      www.asaltd.com/Tools/L...       Aug 10 10:53 AM
    • Why Gold Is the New Currency [view article]
      CLH,

      In the very long run you are absolutely correct. If you are under 40 years of age, just buy the S&P500 and maybe an EAFE index fund and forget about it. Older than that you just can't risk losing 50% of your money in 1-2 years as happened to many people from 2000-2002. You don't have enough years left to come back.

      Gold only makes sense in a gold bull market, which we're currently in and will be in for another decade.

      Aug 06 11:17 PM
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