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mike_simms

mike_simms
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  • An Inquiry Into The Wealth Of Renewable Energy: Part III [View article]
    Without the massive subsidies onto Solar from the government it would die a quick death. Globally, 2012 was a bad year for renewable energy as the total investment of $244 billion was 12 per cent lower than the record figure of $279 billion in 2011. Italy and Spain which have seen the sharpest fall of 51 per cent and 68 per cent respectively in renewable energy investment. Why because it is expensive and inefficient. $440,000 dollars to put Solar Panels on the White House to power 8 light bulbs for 20 hours a day, IF the sun actually manages to shine. The U.S. government spends $700 Billion a year more than it takes in it will not be able to continue to subsidize pie in the sky, feel good energy programs any longer.
    Jul 3 11:14 AM | Likes Like |Link to Comment
  • Treasury yields jump, gold slumps after strong jobs print [View news story]
    Why Rhianni is they where they actually look at facts of the economy.
    Jul 3 10:04 AM | 3 Likes Like |Link to Comment
  • Is The Rally In Gold Sustainable? [View article]
    Is the government still spending 700 Billion a year more than it takes in....yep.
    Jun 24 05:01 PM | 2 Likes Like |Link to Comment
  • The Demon The Gold Bears Are Mistakenly Overlooking [View article]
    The Ukraine has and will have little effect on Gold. The devaluation of the dollar will continue in relation to Gold. Inflation is taking hold and the U.S. debt continues to rise immensely on a daily basis. The Ukraine is a side show, the West has already lost that battle.
    May 31 09:50 AM | 1 Like Like |Link to Comment
  • Why I Strongly Disagree With Goldman's Bearish Gold Call - Buy The GLD [View article]
    When the government has 17.5 TRILLION in debt and continues to grow. It is easy for a commodity in which our monetary value used to be based, goes up immensely. There is a reason. Wars will continue, eventually a nuclear one will occur. Hopefully it is fairly limited, it's just a matter of time. If it wasn't a real issue they would be trying to build a strategic missile defense system. Gold will go up. Dollars will go down.
    Apr 28 01:37 PM | 1 Like Like |Link to Comment
  • Why I Strongly Disagree With Goldman's Bearish Gold Call - Buy The GLD [View article]
    It's pretty simple are things getting better in the world or worse. Obama fears a Nuclear attack on NY, apparently one of his biggest fears, Iran is seeking to build them, N Korea continues to build them and is run by a maniac, China has them and is trying to expand it's influence, Russia is trying to regain some of it's lost empire. Pakistan has nukes and is on shaky ground. If a nuke goes off what happens in the world? And on top of the geopolitical issues the Fed continues to print like there is no end. How could Gold be possibly be going down, only by manipulation which won't be possible forever.
    Mar 28 09:54 AM | 1 Like Like |Link to Comment
  • Goldman sticks with bearish gold forecast [View news story]
    They can predict countries intentions and actions? I think not.
    The fed continues to print money out of thin air at an astounding rate.
    The government spends money at a rate of a trillion a year more than it takes in.
    Strange prediction by Goldman. It can't be the ridiculous unemployment figures which are a joke, perhaps temporary insanity.
    Mar 21 11:50 PM | 1 Like Like |Link to Comment
  • Putin addresses lawmakers, annexes Crimea [View news story]
    It all tastes the same.
    Mar 18 12:00 PM | 1 Like Like |Link to Comment
  • Ukraine Crisis: U.S. LNG Can Help, But Not The Way People Think [View article]
    And are there terminals to off load the gas in Europe?
    Mar 17 01:52 PM | 1 Like Like |Link to Comment
  • AT&T CEO Telegraphs The Bottom In The Shares [View article]
    We have made the transition to a services based economy. T provides a service which many are willing to pay a premium for. They are fairly well run and provide a excellent dividend. Doubt the price will go shooting to the stars but it's a safe bet they will be around another 30 years.
    Mar 12 02:13 PM | 5 Likes Like |Link to Comment
  • Stocks gain, metals slip after payroll number [View news story]
    Doesn't even keep up with the population growth. As soon as tapering starts the metal goes up. Smoke and mirrors.
    Mar 7 10:24 AM | 2 Likes Like |Link to Comment
  • Gold May Have A Great 2014, But Be Patient [View article]
    17 Trillion of debt and rising, Russia and China flexing to hold on or maintain their corners of influence. An inept U.S. government. I can saying nothing bad about investing in Gold.
    Mar 3 05:04 PM | 3 Likes Like |Link to Comment
  • Gold fix manipulated for a decade, says study [View news story]
    Jake the fed controls the money supply. Period. And when I say fed I don't just mean Yellen or Bernanke (Federal Reserve). The fed is the government, of course it includes congress who by spending wastefully and like children can ruin an economy. It's not a hard concept, spend to much and you have too much debt. Devalues your currency and makes other currencies or commodities more valuable.
    Feb 28 10:43 AM | 7 Likes Like |Link to Comment
  • Gold fix manipulated for a decade, says study [View news story]
    Fiscal irresponsibility, promotes commodities. Until they realize the current actions of spending by the fed is going to drive refuge to gold, they will have to continue to intervene with manipulation. The best way to control the price of gold is with common sense government spending and responsibility. So be assured more manipulation will continue.
    Feb 28 10:09 AM | 9 Likes Like |Link to Comment
  • Gold And Its Guaranteed Role In Our Lifetime [View article]
    The government can take your gold, they have in the past. They would and will do it in a heartbeat. And be assured they know you have it especially now you have publicly announced it. It is also illegal to buy a home with it. In any case a huge economy breakdown, will make physical gold just as worthless as stocks. You can't eat gold and you can't defend yourself with it. You may actually make yourself a bigger target by owning it. I have no problem with owning gold, but it won't protect your wealth.
    Feb 28 10:03 AM | Likes Like |Link to Comment
COMMENTS STATS
101 Comments
137 Likes