jakedeez's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/173986/comments http://seekingalpha.com/article/93090-steve-jobs-not-dead-yet?source=feed#comment-241275 241275 ]]> Thu, 28 Aug 2008 21:28:17 -0400 ]]> http://seekingalpha.com/article/92429-why-should-i-own-gold?source=feed#comment-238314 238314 Mon, 25 Aug 2008 09:34:32 -0400 http://seekingalpha.com/article/92462-comscore-1-google-0?source=feed#comment-238191 238191 Mon, 25 Aug 2008 07:17:50 -0400 http://seekingalpha.com/article/92288-in-support-of-potash-corp-s-projected-2008-gross-margin-increase?source=feed#comment-237920 237920 Sun, 24 Aug 2008 17:16:19 -0400 http://seekingalpha.com/article/92000-sec-goes-after-shorts-killing-the-messenger?source=feed#comment-237369 237369 Sat, 23 Aug 2008 18:26:26 -0400 http://seekingalpha.com/article/91349-ge-why-buying-on-weakness-is-an-excellent-idea?source=feed#comment-234151 234151 Tue, 19 Aug 2008 14:32:47 -0400 http://seekingalpha.com/article/91329-the-bedrock-case-for-the-return-of-the-gold-bull?source=feed#comment-232754 232754 Sun, 17 Aug 2008 22:55:45 -0400 http://seekingalpha.com/article/90023-opportunities-in-the-real-crisis-water?source=feed#comment-228917 228917 Tue, 12 Aug 2008 18:08:21 -0400 http://seekingalpha.com/article/90185-gold-is-at-a-critical-juncture?source=feed#comment-228916 228916
What banks do that?

Also, do you really believe that the currency will go away? I mean, that seems kind of extreme.]]> Tue, 12 Aug 2008 18:07:12 -0400
What banks do that?

Also, do you really believe that the currency will go away? I mean, that seems kind of extreme.]]> http://seekingalpha.com/article/90185-gold-is-at-a-critical-juncture?source=feed#comment-227409 227409 Sun, 10 Aug 2008 21:59:40 -0400 http://seekingalpha.com/article/90023-opportunities-in-the-real-crisis-water?source=feed#comment-226802 226802 Sat, 09 Aug 2008 13:34:52 -0400 http://seekingalpha.com/article/89749-transocean-reports-solid-earnings-time-to-short?source=feed#comment-226799 226799 Sat, 09 Aug 2008 13:30:54 -0400 http://seekingalpha.com/article/89819-sears-faces-risk-if-economy-doesn-t-improve?source=feed#comment-226797 226797 Sat, 09 Aug 2008 13:26:16 -0400 http://seekingalpha.com/article/89970-fixed-income-little-value-in-treasuries-preferred-financials-yielding-8?source=feed#comment-226791 226791 Sat, 09 Aug 2008 13:06:46 -0400 http://seekingalpha.com/article/89970-fixed-income-little-value-in-treasuries-preferred-financials-yielding-8?source=feed#comment-226790 226790 GS) at 164 I realized I was wrong. I took a hard look at my positions, I closed all but two of my pfds and switched into bank stocks... mostly USB, BAC, and on a lark I bought some WB. I am still holding them, although I have traded WB back and forth once. For PFDs? I have taken what was an average position size of about 1% of my portfolio and liquidated most of them to buy the equities... I have also however boosted 2 particular PFDs into top ten holdings. ]]> Sat, 09 Aug 2008 13:03:54 -0400 GS) at 164 I realized I was wrong. I took a hard look at my positions, I closed all but two of my pfds and switched into bank stocks... mostly USB, BAC, and on a lark I bought some WB. I am still holding them, although I have traded WB back and forth once. For PFDs? I have taken what was an average position size of about 1% of my portfolio and liquidated most of them to buy the equities... I have also however boosted 2 particular PFDs into top ten holdings. ]]> http://seekingalpha.com/article/88695-p-e-ratios-and-inflation?source=feed#comment-221657 221657 Sun, 03 Aug 2008 15:09:09 -0400 http://seekingalpha.com/article/86978-potash-corp-posts-record-q2-earnings?source=feed#comment-214066 214066 Fri, 25 Jul 2008 07:33:15 -0400 http://seekingalpha.com/article/85842-if-this-comes-true-you-ll-be-glad-you-own-gold-silver?source=feed#comment-211152 211152
1. Antique dealers and diamond traders are irrelevant to the point of reserve currency. (also they have to take dollars, "for all debts, public and private")

2. Inflation is higher in almost ever country other then the US.

3. The Euro cannot at this point replace the dollar because of the fractured nature of the EEC's economic localities.

4. Gold and silver, while they can reasonably be held in a portfolio as a hedge, are not something that should be invested in, seriously, in a portfolio that you don't personally hold. Meaning, if you want to buy gold, but it, and accept delivery. If you hold it in a portfolio it should be traded around.

5. Over the long term, gold is less an inflation hedge then it is a hedge against panic. The idea that gold is a hedge against inflation only works because people buy it as a hedge against inflation, causing demand to increase. It is very ponzi like.

There are so many "gold bugs" out there that believe they are investing in something real, and that those who invest in stock are foolish. Gold is an "end of the world" play. It can not always be the end of the world.

Can gold continue to rise, sure, if people continue to fear inflation. Will major holders of US debt dump their dollars for gold or anything else for that matter? No. In fact the IMF is selling gold.

A failure to bail out the debt portion of Fannie and/or Freddie if needed would be far worse for the dollar then would allowing the debt to fail.

The reason why I say the dollar will not be replaced is because there is no way it can be replaced. There is no currency that is able to replace it. The dollar will get stronger, and weaker over time. There is no doubt that if we do not do something to change our net exports the dollar will get weaker over time, but that is a much longer term issue then most "gold bugs" will admit.

Look at a 20 year chart of gold... those who think that gold can't break should sit down and have a conversation with tech investors from the bubble. Heck, at least they though that had a reason to invest, other then, the US dollar will go down so I better buy gold.

Kelly, you are right, gold is being held down. There is a weakness in the dollar and our fundamental financial system... Gold however is not the solution. Gold works best when inflation expectations are accelerating... inflation is high, inflation expectations are very high. Short term paper offers negative real returns... Things are bad... that is not the time to buy gold. If you really believe inflation will continue to accelerate or at least not abate, buy tips.

If you want to diversify your holdings in USD, then do so... but the idea that you want to buy gold because the dollar is about to blow up... you maybe just a little late to the party.

]]> Mon, 21 Jul 2008 21:17:03 -0400
1. Antique dealers and diamond traders are irrelevant to the point of reserve currency. (also they have to take dollars, "for all debts, public and private")

2. Inflation is higher in almost ever country other then the US.

3. The Euro cannot at this point replace the dollar because of the fractured nature of the EEC's economic localities.

4. Gold and silver, while they can reasonably be held in a portfolio as a hedge, are not something that should be invested in, seriously, in a portfolio that you don't personally hold. Meaning, if you want to buy gold, but it, and accept delivery. If you hold it in a portfolio it should be traded around.

5. Over the long term, gold is less an inflation hedge then it is a hedge against panic. The idea that gold is a hedge against inflation only works because people buy it as a hedge against inflation, causing demand to increase. It is very ponzi like.

There are so many "gold bugs" out there that believe they are investing in something real, and that those who invest in stock are foolish. Gold is an "end of the world" play. It can not always be the end of the world.

Can gold continue to rise, sure, if people continue to fear inflation. Will major holders of US debt dump their dollars for gold or anything else for that matter? No. In fact the IMF is selling gold.

A failure to bail out the debt portion of Fannie and/or Freddie if needed would be far worse for the dollar then would allowing the debt to fail.

The reason why I say the dollar will not be replaced is because there is no way it can be replaced. There is no currency that is able to replace it. The dollar will get stronger, and weaker over time. There is no doubt that if we do not do something to change our net exports the dollar will get weaker over time, but that is a much longer term issue then most "gold bugs" will admit.

Look at a 20 year chart of gold... those who think that gold can't break should sit down and have a conversation with tech investors from the bubble. Heck, at least they though that had a reason to invest, other then, the US dollar will go down so I better buy gold.

Kelly, you are right, gold is being held down. There is a weakness in the dollar and our fundamental financial system... Gold however is not the solution. Gold works best when inflation expectations are accelerating... inflation is high, inflation expectations are very high. Short term paper offers negative real returns... Things are bad... that is not the time to buy gold. If you really believe inflation will continue to accelerate or at least not abate, buy tips.

If you want to diversify your holdings in USD, then do so... but the idea that you want to buy gold because the dollar is about to blow up... you maybe just a little late to the party.

]]> http://seekingalpha.com/article/86048-the-hapless-members-of-citis-elks-club?source=feed#comment-211124 211124 Mon, 21 Jul 2008 19:47:24 -0400 http://seekingalpha.com/article/85985-how-much-of-goldman-s-value-is-based-on-the-pedestal-effect?source=feed#comment-211121 211121
Is GS more expensive the LEH or MS on a relative comparison of price to book? Yeah, very... but there is a reason that the name "Goldman Sachs" turns heads... ]]> Mon, 21 Jul 2008 19:44:12 -0400
Is GS more expensive the LEH or MS on a relative comparison of price to book? Yeah, very... but there is a reason that the name "Goldman Sachs" turns heads... ]]> http://seekingalpha.com/article/86047-loss-of-clarity-on-chesapeake-s-peak?source=feed#comment-211117 211117
There is nothing wrong with your suggestion of being on the sidelines, because it could come down to the mid 40's if oil breaks to maybe 100-115... but even with oil at 50 they will still be supplying an increasing percentage of the US grid power gas. (they may go this year from 1-2% of the total grid)

Also realize, even if gas were to collapse down to say $5, the major costs of drilling have been paid. Their future pumping costs will be much less, and they can convert unproven reserves to proven reserves to back out any effects from the drop in the spot prices.

They will continue to pay down debt, and beat earnings. Personally, I have puts on the XOP against my CHK position, and couldn't feel safer.]]> Mon, 21 Jul 2008 19:37:15 -0400
There is nothing wrong with your suggestion of being on the sidelines, because it could come down to the mid 40's if oil breaks to maybe 100-115... but even with oil at 50 they will still be supplying an increasing percentage of the US grid power gas. (they may go this year from 1-2% of the total grid)

Also realize, even if gas were to collapse down to say $5, the major costs of drilling have been paid. Their future pumping costs will be much less, and they can convert unproven reserves to proven reserves to back out any effects from the drop in the spot prices.

They will continue to pay down debt, and beat earnings. Personally, I have puts on the XOP against my CHK position, and couldn't feel safer.]]> http://seekingalpha.com/article/85865-microsoft-s-cashback-program-is-working-15-uptick-in-june-searches?source=feed#comment-210201 210201 Sun, 20 Jul 2008 20:38:39 -0400 http://seekingalpha.com/article/85859-apple-investors-were-pinned-on-friday?source=feed#comment-210196 210196 Sun, 20 Jul 2008 20:32:22 -0400 http://seekingalpha.com/article/85842-if-this-comes-true-you-ll-be-glad-you-own-gold-silver?source=feed#comment-210194 210194 Sun, 20 Jul 2008 20:28:05 -0400