Erick Tippett

Gold and Silver ETFs on Fire: Get Ready for a Reversal

Is trading in and out of gold/silver such a good idea? I thought the
hard commodities were supposed to be long-term insurance
against the current weakening fiat currency. Excuse my ignorance
but fancy charting doesn't impress me at all!

Erick Tippett
Chicago, Illinois

Option Trader Friday Outlook: Is the Dollar Going UUP?

The federal reserve board here is quite expert at creating
bubbles, commodities are merely the latest convenient
vehichle for their specious economic philosophy, though I
agree with Prechter that gold can be tricky and may be wildly
overvalued at present. But there is also the argument that
it is highly undervalued as well. Time will tell which argument
is most accurate as this market continues to give signals that
perhaps a severe correction is at hand with a strong dollar rally
certainly fitting that scenrio, it may not be far off at all!

Erick Tippett
Chicago, Illinois

Paul Tudor Jones: Gold's Undervalued and Bonds Are a Curve Flattener Play

This is interesting, Tudor's econometric model confirms, according
to him, gold as undervalued by 20%. Robert Prechter's Gold/Dollar
1913-2009 comparative chart/model confirms gold as overvalued
by 50%! What we can use here in regard to this highly emotional
and obsessive controversy is a fiercely objective editor on this
website to present a detailed analysis of both views so that the
investing public can make their own determination concerning gold.

Erick Tippett
Chicago, Illinois

Paul Tudor Jones: Gold's Undervalued and Bonds Are a Curve Flattener Play

This is interesting, Tudor

Is the U.S. Dollar Finished?

I concur, Robert Prechter has been saying for quite some
time now that Gold will top even if it goes over $1,000.00 and
the Dollar will experience a significant rally, problem is timing.
When will they top and bottom? That is the question.

E. Tippett
Chicago, Illinois

Silver and Gold ETFs: How Do You Measure Their Worth?

"Gold and silver exchange-traded funds which issue securities backed by the physical commodities themselves, have already seen significant appreciation in 2009. Both GLD and SLV are in technical uptrends." A quick look at the 10yr chart on both these babies shows absolutely no movement from the average price at
all! Who in their right mind would invest in a stock (ETF) that has hovered around the same price level for that long period of time? Secondly, these precious metal ETFs are dealing in paper, there is no possession of physical gold on the part of the investor! This statement "backed by physical commodities" means absolutely nothing!

EDT
Chicago, Illinois

Not All Gold ETFs Are Created Equal

David Morgan has been on the internet and Jim Popluva's show
a thousand times as have other precious metal spokesmen. When
you purchase these ETFs you are bying a share in that ETF, there is no physical possession. The only way you get to actually own Gold or Silver is to purchase it in the form of coins or bars, etc., Many of these ETFs cannot even proove they have physical possession of the Gold or Silver that they claim. Nothing wrong with some of the ETFs, you just have to be aware that when you buy them you're not owning bullion or anything else physical.

EDT
Chicago, Illinois

This is Not a Bull Market: Stocks Are Not Up, and They’re Headed Even Lower

As an astrolger I'm troubled with this supposed S & P 500 bottom
of "666". In metaphysical terms this number signifies bondage to materialism, enslavement of some kind (increasing government control of the called free market system?). Last week I observed on ESPN commentary along the lines of creating a "new market" by one of the members of a house subcommittee. This rally could be quite deceptive, damaging to unwary investors. Don't see it lasting very long.

EDT
Chicago, Illinois

A List of Long and Short ETFs

Truly stated, "rats don't fart in front of their boss", they do it behind his back! The fact of american history, unfortunate as it is, is that the stink of all this economic stench cometh from the collective majority american voting populace who patently flip and flop from the republicans to the democrats like a mob of frightened passengers on a sinking, listing ocean liner and of course ignoring independent candidates and those of the ilk as Ron Paul. In fact, I've never noticed in the congressional tallies any votes for independents registering on the board that shows them on cable t.v. in the bill passing sessions!

Such a shame, what some seem to think is a modern democracy
is nothing more than a pecking ordered 'slop jar' with a lot of brainwashed robots flipping and flopping around in it. Talk about stink, that's the smell of the whole problem in a nutshell. It takes
two to tango! You can't do anything unless your are elected and re-
elected by the majority (such as it is), empowering you over and
over again.



EDT
Chicago, Illinois

Are Gold ETFs Set for Another Spike as Inflation Fears Rise?

You cite impressive facts and cute looking charts, but because
of the lack of real ownership of physical gold and the fact that
as stocks these gold and other precious metal ETFs have gone
basicly nowhere in price movement, why bother with any of this
highly questionable 'paper stuff'!

EDT
Chicago, Illinois

Gold Miners Poised to Reap Profits

What are going to do when you run out of food? Eat air!

EDT
Chicago, Illinois

Why Gold Is Losing Its Shine

No economy can ever be "stimulated" by consumption and increased debt to pay down previously incurred debt, it's not
only lacking in common sense it's madnesss! If this country
had a decent educational system, the average person on the
street would have no problem comprehending that fact!

The "big bailout packages" you speak of will gorge the markets
with a continued superficial rally which could well extend past this summer into late fall, but will offer nothing of substance to an economy fundamentally weak!

It should be obvious that only production and savings produce an
economy inclined to wealth formation. I agree that the extra
liquidity injected into the economy has not yet reached the vast
majority of consumers and small business people, those on the
bottom of the "pecking" order economically. As the result, we will
continue no doubt to experience severe deflation for quite some
time to come. This cycle will be helped along with the banking
system's credit lending hesitancy and continued deleveraging in
all areas of financial investment and debt obligations.

Gold even in a raging bull market is bound to have periods of sharp
if not mild corrections and is no doubt due for such a period after
today's strong uptrend over $902.00 or so. An upswing in this area
of the markets will surely follow. Of course only time will tell as
nothing in life's cycles is written in stone; but some things do seem
to repeat, especially the very things we don't seem to learn!

The reason this country was taken off the gold standard was the
result of Mr. Nixon's decision to do so in response to the French
government under De Gaulle's insisting upon our physical gold
for their American Dollars! To have executed those requests
would have exhausted our physical gold reserves! It had nothing
to do with the "economy's then booming growth", though a gold
standard does put necessary restraints in place and maintains discipline that prevents excess inflation and devaluation of the
dollar.

Such a shame it is that in what claims to be a modern democracy
there is such an ignorance of the truth of all its history by such a
large segment of even the "educated" population!

In your spare time you might consider reading some of the works
of Jerome Smith, Ludwig Van Mises, and Lazlo Hazlitt for starters.

Enjoy!

EDT
Chicago, Illinois

Why You Should Keep an Eye on Gold ETFs

An admonition on the gold "ETF"s is they are paper only and no
physical gold is held by the stock holder. Not only that but there
is also suspicion that more gold is being claimed than is actuallly held by these ETFs.
Are you aware of these allegations?

EDT
Chicago, Illinois

Why Gold Is Overpriced

Mr.

Your data give an entirely wrong impression. Gold has been in a
steadily inclining bull pattern over that last several years. The
dollar is holding up only because it is the world reserve currency
and that may not last much longer. A great majority of the world's
holdings are in the dollar and the Euro is having problems because
of the economic conditions in Europe. All of China, Japan, and
Russian ownership of American debt involve the dollar.

Gold being imported or exported in India does not change the fact that for over several thousand years gold has been both an intrinsic value and medium of exchange. Nations that have devalued their
currency and followed the fiat path have collapsed without exception
except perhaps this country, so far that is!

Go to Google and check out Mr. Alan Greenspan's paper on "The
Gold Standard and Freedom" you might learn something!

EDT
Chicago, Illinois

In Today's Environment, Neither Technical Nor Fundamental Analysis Alone Will Work

Mr. Kim,

Excellent article and I agree with a great of what you've had to say con-
cerning these erratic price movements in the precious metals and oil in
particular! Personally I don't have any misgivings about the question you raised concerning deflation/inflation. We obvioiusly are experiencing a
credit deflation period and deleveraging cash raising panic. Have you made any attempts to contact Representatives Paul or Ackerman concerning complaints against the CFTC's lack of action regarding your revelations to that agency?

You stated in the first part of this article that the SEC has been asleep
at the wheel when in fact according to your own assertions they have turned their heads the other way when obvious violations were brought to their attention! If, according to statements released by several news-letters and commentators, a number of former SEC employees secure lucrative positions with these "big financial predators" after they leave
the SEC, is there any wonder why they pretend they don't know what
they obviously do know concerning these illegal tactics?

You know, this issue concerning central bank ( U.S. Federal Reserve
Board ) interference in the markets goes back a long way to the year
1913 when congress passed the bill that established this system as we
know it today. From early on it exaggerated the normal movements of
the markets and their ability to self correct. Those who protested these
manipulations met with some rather nasty and in the case of Representa-
tive Luis McFadden, violent attempts to silence them ( he was shot at twice on his way to lunch in a New York hotel restuarant and even after
escaping two shots was poisoned at the lunch being saved only by his
lunch companion who happened to be a doctor and pumped his stomach! He died several months later amid controversial conditions
concerning the death! Check out the Google search on the biography
of Luis McFadden Republican representative from Pennsylvania and
former chair of the house committee on banking and finance in the 1920's! Not only did he decry the Fed as the cause of the depression
of the 1930's, but agitated for the impeachment of President Hoover a
fellow republican!) If you really want to investigate the historical roots of
the central banking system here ( what most american folks don't care
to bother about! ) check out Mr. 'founding father' aristocrat Alexander
Hamilton, first treasury secretary and originator of the first National Bank
in this country. It seems Mr. Hamilton not only favored governmental
control of the markets, he was real keen on his idea of a president who
though elected would serve a lifetime term and enjoy immunity from
impeachment or censure of any agency or branch of the government!
In fact his fellow aristocrats were so horrified at the idea of common people having a 'democracy' ( they feared it might lead to mob rule-there had already been a liquor tax rebellion! ) they never in one single document they signed inserted the term 'democracy' and in fact General Washington's staff offered to storm congress and make him guess what....emperor, that's right emperor of America! They mentioned none of that stuff in school that I recall, and it's some pretty scarry stuff if you ask me!

Oh, and one final note: market manipulation is at fault as analysts have
been screaming for the last several years here, but their efforts have
fallen either upon deaf ears or suffered, as you have from some of these
comments I've read, hostile ridicule! Even as I write this commentary
class action law suits in Canada against banks and venture interests have been initiated as the result of their 'carpet bombing' and 'naked'
short selling some of their own clients driving the stock price down in
order to buy cheaply the stocks or even encouraging bankruptcy so as
to be able to buy the company out! Other markets are experiencing
the same thing because they are doing the same thing! It doesn't take
much intelligence to figure that out, but it does require intelligence, an
apparent missing ingredient in some of the comments I've seen here in response to your article.

Keep up the good work! The truth has never won many popularity
contests in the United States, only 'republicrats' and their brainwashed
voting public can pull that one off decade after decade and will doubt
continue to do so unitl this entire rotten system has collapsed! Even
then, if I know their minds as well as I do, they'll pretend not to know
why it happened and find some scapegoat or sacrificial lamb to take
responbility for it, lynch mob style. They'll consider that their patriotic duty, no doubt!


EDT
Chicago, Illinois