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  • Why I Bought Banco Santander  [View article]
    First I am young at heart but chronologically 73. I still stand by my comments and after a year investors in SAN are more or less even.

    Second I lived and worked in South America and have a feeling for the philosophy of doing business.

    Third Spain is a basket case, living in a fantasy and to date has not written down underwater real estate loans.

    Fourth No Santander will not be much above current levels $7 - 8 in the next year. One commentator, a year ago, stated it would double in two years.

    Fifth No vale la pena.
    Feb 24, 2013. 10:15 PM | 1 Like Like |Link to Comment
  • More on gold and sentiment: Another measure is the CFTC's Commitment of Traders report. By that gauge, traders are clearly huddled on the long side of the boat, but not to an extreme level. (Previous: Hulbert's index[View news story]
    In a time of universal deceit, telling the truth is a revolutionary act. George Orwell

    More relevant now than ever.
    Sep 11, 2012. 07:32 PM | 2 Likes Like |Link to Comment
  • Another Buying Opportunity For Gold  [View article]
    We are in a period of deleveraging, but certainly prices of food, energy and other everyday necessities are not lower yoy and inflation is a threat which will be virulent.
    Jun 25, 2012. 03:21 PM | 2 Likes Like |Link to Comment
  • Why I Bought Banco Santander  [View article]
    I too am a contrarian investor. But it is contrary to my philosophy to lose money. Santandaer (STD) is risky because of the macro economic conditions of Spain. The LTRO, lending banks cheap money so they can buy government bonds to enable the government to issue more debt is suicide. The LTRO is an overhang for the next three years that will distort Spanish and Italian banking operations. If Spain exits the Eurozone the results will be catastrophic. Spanish bank stock prices are approaching lottery ticket pricing. The risk of loss actually seems to exceed any reward of holding STD.
    Apr 16, 2012. 10:34 AM | 2 Likes Like |Link to Comment
  • 4 Reasons the U.S. Will Never Return to a Gold or Silver Standard  [View article]
    The dumbing down of American Citizenry since at least the mid 60's has at least produced one generation illiterate in economics, philosophy and rigorous reasoning. That generation, in turn is raising a second generation who are even further removed. Mediocrity and specious reasoning are the order of the day.
    Jun 6, 2011. 01:50 PM | 5 Likes Like |Link to Comment
  • The S&P 500's Lost Decade  [View article]
    You are missing the point. He is analyzing the last decade, which is a relevant time frame.
    May 25, 2011. 02:33 PM | 2 Likes Like |Link to Comment
  • The Changing Landscape in Gold and Silver  [View article]
    Agree in principal with the points raised and discussed in the article. One point that I have not seen comented, with the increase in price of gold and those mines previously uneconomical now falling into the range of exploitable resources, when does the supply of new gold drive down its price? Realizing that both the debasement of the dollar and the contrary increase in precious metals are dynamic conditions there will be a collision.

    It appears to me in fact a reversal would arise if the dollar were no longer debased, deficit spending not occurring and Federal Debt reduced. But also the "bubble" that is spoken of could possibly be reduced if there are attempts to restrain the FED, cut spending and reduce the debt.

    As always vigilance is required, but it appears gold still has a run. Comments and discussion are invited.
    Nov 3, 2010. 01:28 PM | Likes Like |Link to Comment
  • Why It's Not Different This Time  [View article]
    I worked at budgeting and forecasting for a major oil corporation for seven years. My boss, who worked budgets for many years, stated the secret to successful forecasting was, never give the result and the date the result would occur in the same statement. It worked for me and some thought I was a good forecaster.
    Sep 29, 2010. 05:08 PM | 2 Likes Like |Link to Comment
  • The Future of the Lithium Market, Part II  [View article]
    The pertinent line should read...."and our dependence on oil and other cabon based fuels will decrease someday."
    Jul 26, 2010. 04:34 PM | Likes Like |Link to Comment
  • The Future of the Lithium Market, Part II  [View article]
    You have more faith in Latin Americans than has been my experience. After 40 years of ties, ligaduras, it appears that life is composed of fantasy and any undertaking costs more and takes longer than forecast. With Peru, Chile and Bolivia's historic antagonism with each other, it is doubtful they would do anything to facilitate easing transportation woes, a point you touch. An extraneous hindrance added to the internal ones mentioned above. Li-ion batteries will be manufactured in quantity at economic prices someday and our dependence on oil and other cabon based fuels will occur someday. It would be nice if more skepticism entered into the argument and promises not inferred that may not occur within a reasonable time.
    Jul 26, 2010. 04:32 PM | 1 Like Like |Link to Comment
  • Buyer Beware: 30 Biggest Bankruptcy Risks  [View article]
    It is good to have opinions that vary from those of most of the mainline media and guests on financial shows with self serving agendas. It is a fallacy to believe something wrong was not occuring as far back as late 2005 to mid 2006. Home prices rising by unprecedented amounts, the ratio of home prices exceeding incomes by substantial historic norms, the "McMansion explosion", exceptionally large mortgage originations and other signs of an expanding bubble.

    But, probabaly the majority of those complaining of negativity have short memories or are suffering from selective remembrance. In the early 80's the Hunt brothers, Saudi Arabian princes and Bache & Co tried to corner the silver market and federla intervention was the only reason a financial meltdown did not occur. In the latter 90's (1997-98) Longterm Capital Management created another "crisis". Again federal intervention was required. Now, we are experiencing the effects of the real estate debacle. Massive federal iontervention.

    You need to see the signs and responsibility must be assumed by the general population by educating themselves in elementary economics, restraining their impulses to own something when the price is out of line and learn investment and saving principals.

    It appears that too many take what is said on CNBC as gospel when in reality the guests have their own self-serving agenda. Does it really seem so far fetched that a stock salesperson, working on commission will tell the truth, i.e say something negative? Or if you prefer analyze the recommendations of Jim Cramer of "Mad Money", you will get the same results flipping a coin. Many years ago Forbes magazine ran a cover of a chimpanzee in a suit and tie titled, "Anyone can be a Certified Financial Planner", they should rerun it titled "Any monkey can imitate Jim Cramer.

    If you do your own research you will come out ahead.
    Apr 25, 2009. 08:53 PM | Likes Like |Link to Comment