Barry Sotoero

Gold as a Truly Last Resort

I believed that at one time gold may be the investment that it was in the 70's. I am starting to think otherwise, it is starting to appear that with all other countries in the world devaluing their currency so fast, that the only real stable currency to fall back on is the greenback. I think this seems to be causing gold to fall short. I truly hope that this is short term, since I have been long gold for fear of high inflation from a devaluing of the greenback by the federal reserve. It will be a waiting game, but I know that if we do have a substantial rebound in gold stocks I will be taking some profits and will lighten up on my gold holdings.

I have been studying the past performance of the options market that occurred throughout 2008 and I believe shorting banking stocks and other financials may be a place where big money will be able to made once more.
There will be a second round of failures, maybe as large as the previous to come in the next couple months. Alot of people with 3 year arms have not been able to refinance and these loans will be adjusting between spring and summer and the next wave of defaults and bailouts are just around the corner. Deflation seems more likely in the short term (2009) then inflation. Hopefully I am incorrect but the finger is pointing in this direction more each day.
Good luck to all and if anyone has an opinion on my statements please feel free to comment.

Black Gold or Yellow Gold?

incandoitdon:
What I mean in my writing is how on earth are you gonna change anything to do with this economy or country. The President, Federal Reserve, Military, Hillary Clinton, John McCain, Barack, nobody can change what is about to happen with our energy crisis. I have been invested in oil since it was $30 a barrel in 2000 and I keep listening to everyone say it is speculation and that oil will pull back. Well I just do not believe that anymore. Oil is going to keep rising until we fall into a great depression (GLOBALLY) and we no longer have demand or supply issues.
We have wars were Middle Easterners are trying to blow up pipe lines and terrorize the world because we do not have the same beliefs as they do. Osama has taught them how to hurt us financially. I think we need to start playing dirty. If you want to blow up a pipe line or kill someone and you put it on a website and brag about it then the US should blow up a religous interest of Al Qaeda's and put it on CNBC and laugh. Screw that politically correct crap, we need to grow some balls as a country and stop letting foreigners try to change our religion, language and beliefs.

Try to make money where you can in the market, speculation is a good thing if you are invested in a part the economy that is going to head north with or without speculation. You and I are not in a position to change our energy policy. We will not be able to do shit about rising oil except drive less and hedge yourself against rising prices by buying stock in oil drillers, oil service companies and gold.
It's not that I do not give a damn, it's that it does not make a f-ing difference. So invest smart and make some money before the shit hits the fan!

Black Gold or Yellow Gold?

What I do not understand, why is everyone arguing weither oil is speculation or peak oil. While all you waste your time debating, you should just invest in the so called speculation and make yourself some damn money. Oil is at a "peak" for the production of cheap oil, not oil production in general. Be smart and make money off what is happening in the economy. We all need to stop watching the talking heads on cnbc. The media reports what the people paying them what you to hear. Just like the presidential candidacy, the candidates pay to have the media travel with them and report what they want you to hear. After the media writes their articles and make money they then pay back the candidates. That's how cnbc and the rest of the networks operate. Get away from group thinking and read and educate yourself about what is really going on. I come home every day from work and laugh at all the dumb asses who think oil price is speculation. Speculate $137.00 oil when fill your car with gas next time. I am going to speculate all the way to the bank!!

A Warning for U.S. Dollar Bears and Commodity Bulls

Hiper Inflation is on it's way. We have not seen anything yet!!

We have not even seen any economic data that is reflective of any past rate cuts. It takes about 9 months to a year to see true economic data reflective of monetary policy. It's almost funny, in about three to five years we will see rates raised in the same fashion as they Fed is cutting them now. Inflation is at 10% right now, believe it or not. The only hedge against the falling dollar and inflation in the past have been gold and oil. Keep buying on dips. The Fed should have just cut rates to zero at least we would have a bottom in the falling dollar. HAHA

What the Fed should be doing is raising interest rates to fight inflation and letting irresponsible lenders and borrowers default on their loans. A free market trade got us here and should be allowed to continue.
It would be nice to see some of this money that the Fed is pumping into banks be used instead to finance projects for alternative energy through large tax cuts or some other means. Many countries like Brazil and Germany are becoming energy independent. Brazil has not raised the price of gasoline since 2005 to their citizens. We need to focus on real issues here like becoming energy independent, cutting interest is a coat of icing on a pile of shi...

Fed Rate Cuts Backfire, Lift Gold and Oil into Orbit

The Fed is going to cut rates atleast .50 % . The best thing to do in the short term is to buy gold.
Gold is so cheap compared to what it cost in the 70's. We will see $2500.00 Gold or higher. It is and has always been the hedge against inflation and a falling dollar.
We will most likely see the same thing happen in all commodities and worst of all oil. It 's not bad enough that we are facing supply shortages that are only growing , but now we are seeing hedge driven invesments to offset rapidly growing inflation. Inflation I believe will be above 15% in the next two years. Make your money now in precious metals, oil services companies and drillers. I also like alternative energies, we will see growth of a 1000% in the next 5-10 years. Look to the large industrial solar companies that are finding ways to reduce solar costs. Coal would be a good economy booster for us also. We have alot of it and in the near term and it would quickly reduce the cost of oil. Coal liquidfication is a rapidly growing industry and it burns as clean as gasoline. The US has had this technology for years. It would also create alot of jobs right here at home and all the tax cuts that go to big oil, could go to alternative energy, no matter what kind of alternative energy we use.
Our worst enemies are( Middle East) becoming in control of our economic growth and futures. This war is becoming the war of the have's and have nots, and we have not any oil!

Getting Out of Leveraged Gold

Contrary to the author's comments gold will be going up for some time. We may see a small pull back in the weeks to come, but the inflation data that is soon to come out will not represent the interest rate cuts or the stimulis package passed by the gov. We will not see those inflation figures emerge till the end of 2008. So for know buy on the dips. Do not let people influence you to sell your gold!