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E.D. Hart

E.D. Hart
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  • Gold And Financial Assets Are In The Least Ugly Contest [View article]
    Acting and investing from fear is dangerous??? This market scares the hell outta me, and fear is the essential component of investing if done rationally. I think you mean irrational fear.
    May 22, 2015. 08:22 PM | 1 Like Like |Link to Comment
  • The Next Gold Bull Market Starts Before October [View instapost]
    The macro environment necessary for $700 gold would be positive and increasing real interest rates globally...that simply is not in the cards for a long time. Harry Dent has almost no chance.
    May 14, 2015. 05:20 PM | Likes Like |Link to Comment
  • Investor Who Is 55+ - Start With The End In Mind [View article]
    Both IBM and MCD are borrowing, in part, to increase their dividends. I hate to see that and would rather it be based on free cash flow only.
    May 8, 2015. 08:12 PM | 4 Likes Like |Link to Comment
  • Franco Nevada Posts Solid Q1 Earnings And Increases Its Dividend: Is It Time To Buy? [View article]
    Quarterly or monthly dividend?
    May 8, 2015. 04:16 PM | Likes Like |Link to Comment
  • If Liquidity Is Your Sword, Keep Swinging [View article]
    What is your investment recommendation then please? Are you bullish on any asset class? How do you protect your wealth?
    Excellent article by the way...
    Apr 29, 2015. 12:30 AM | 1 Like Like |Link to Comment
  • Looming Bond Market Crisis Set To Improve Gold Demand [View article]
    Dangers in the bond market...
    Apr 23, 2015. 01:46 PM | Likes Like |Link to Comment
  • Looming Bond Market Crisis Set To Improve Gold Demand [View article]
    Danger in the bond market...
    Apr 23, 2015. 01:46 PM | Likes Like |Link to Comment
  • Looming Bond Market Crisis Set To Improve Gold Demand [View article]
    Excellent advice. Following the herd may lead to safety, or it may lead to slaughter. Following the conventional wisdom is not the same as being conservative. Investing in bonds now is conventional, but far from conservative. Investing in gold now is NOT conventional for most people, but is the conservative choice as the downside risk is limited, and the upside is relatively large.
    Apr 23, 2015. 01:38 PM | 1 Like Like |Link to Comment
  • China Fails To Disclose Gold Reserves [View article]
    Agreed, with the crisis in Greece still simmering, there are plenty of drivers for gold this year.
    Apr 21, 2015. 02:50 PM | Likes Like |Link to Comment
  • The World's Most Undervalued Stock Markets [View article]
    "If future inflation is likely to be "much higher", the ten year bond yields will adjust when that actually happens. 10 year bond yields aren't just predictors of future inflation. They incorporate past inflation and current inflation too."

    I think that in normal times that this is correct. These are not normal times.
    Apr 11, 2015. 11:15 PM | Likes Like |Link to Comment
  • The World's Most Undervalued Stock Markets [View article]
    RE: "Thus, we get an adjusted premium of corporate earnings over inflation."

    No we don't...we get an adjusted premium over bond yields. In an era of financial repression and negative rates the relationship between bond yields and "risk-free" 10 year yields has broken down.

    Investors have to now also take into account that the ten year yield is highly manipulated...and not compensating for future inflation.

    Say German bunds yield 1.5% and inflation averages 2.5; investors have not been compensated for this risk if they eyeball the ten year and think that is in any way accurate predictor of future inflation.

    I'm not saying that I think that inflation will average 2.5% in Germany or Europe over the next decade--far from it.

    I am saying that future inflation is likely to be much higher than the ten years globally suggest, and hence your graphs need a downward adjustment.
    Apr 11, 2015. 08:03 PM | 1 Like Like |Link to Comment
  • Sandstorm Gold Could Have Momentum, But Long-Term Outlook Is Still Questionable [View article]
    The reason to like SAND now is valuation: less than half the valuation of bigger royalty/streamers at EV/cash flow basis/
    Apr 11, 2015. 07:48 PM | 1 Like Like |Link to Comment
  • Sandstorm Gold Could Have Momentum, But Long-Term Outlook Is Still Questionable [View article]
    The best case scenario going forward may be as an acquisition candidate--being acquired by FNV, SLW, or RGLD. A friendly takeover would command an instant 50% premium or more. LONG: FNV, SLW.
    Apr 8, 2015. 09:21 PM | Likes Like |Link to Comment
  • Buy Anheuser-Busch For Steady, Reliable Growth [View article]
    I don't particularly like the valuation...
    Mar 26, 2015. 06:34 PM | 1 Like Like |Link to Comment
  • What The Federal Reserve And The Fear Trade Do For Gold [View article]
    Yes, this article has it exactly right....good balanced view of the relationship of inflation, interest rates, and gold.
    Mar 20, 2015. 09:24 PM | Likes Like |Link to Comment
COMMENTS STATS
1,010 Comments
1,786 Likes