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Robert Mayer

Robert Mayer
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  • Is Gold Foreshadowing A Stock Market Implosion? [View article]
    2008 - I was heavily into Gold during the financial crisis, and got as financially squeezed as one can get. I hung in there and I was able to sell in early 2009 with a decent profit, just in time to buy stocks by April 2009, making a second decent profit (Sold too early in 7/2009.)
    Thank you QE1!

    2010-11 - I gave back my previous stock gains by owning the wrong stock when I was trying to take advantage of QE2; sold it, and then never bot back in during the Euro crises. (I underestimated the ECB).

    2013 - Now, being in Gold again (I will never learn), I gave back my previous Gold gain, went back to my 2007 level, and then even lower as I am now again getting squeezed as bad as I was in 2008. (I may even have to look for a job!)

    The great rotation argument you mentioned is the one I had been starting to believe, negating my extensive research showing fundamental monetary and fiscal flaws in the global fiat monetary system. Your article has given me the sorely needed strength to hang in there once again.
    Of course I can be wrong, but instead of being emotional it is crucial to stick to a sound investing process.

    Robert Mayer
    Apr 14, 2013. 08:53 PM | 3 Likes Like |Link to Comment
  • Barrick Gold And The Pascua-Lama Disaster [View article]
    Thank you so much for your insight. Through poor trading decisions, I managed to get "stuck" in ABX, by doing at the money call options, and selling away from the money puts at the same time for income. Unfortunately for me, this income strategy has made me an owner with an average price of 39. I violated Jessie Livermore's cardinal rule about not averaging down. Now, being "stuck" I am going to attempt to dig myself out of my situation with out of the money covered calls, and the dividend. I was counting on the completion of this mine by mid 2014 to eventually help the stock price. So my second mistake has been to not diversify, as I could have done with GDX instead of ABX. Readers, let my two mistakes be a lesson for you all to avoid.
    In the meantime, during this stressful time for myself, when it is most important to make thoughtful, non-emotion driven trading decisions (always a good idea), your article has helped clarify the situation for me so far. (There is very little else on the subject) Please post updates on the situation when you can!
    Robert Mayer

    Apr 11, 2013. 09:06 PM | 2 Likes Like |Link to Comment
  • Are Intragovernmental Holdings Real Debt? [View article]
    Thanks for the clarification. I have paid a big price for not having an accounting background. The way I understand what you are saying is that1) On a short term basis, as far as re-financing of debt and payment of interest by the Government, all that matters is the 11.6 T.
    2) Longer term - Eventually the payments out to Social programs will exceed payments in. Normally a trust fund can be tapped to make up the difference. However in this case, there is no trust fund.

    Good news - Our debt to GDP is "only" 11.6 trillion.
    Bad news - In the future, there is no money in the Trust fund to
    make up for the eventual gap between payments out versus payments in. #next_pages_container { width: 5px; hight: 5px; position: absolute; top: -100px; left: -100px; z-index: 2147483647 !important; }
    Dec 17, 2012. 07:33 AM | Likes Like |Link to Comment