BrunoT

52 Comments

    • Real Price of Gold Soars [view article]
      Sounds like someone has a pet theory he's sticking to no matter what.

      It is interesting how the prism one views the world through can distort one's conclusions. Those predicting massive inflation would point to the fact that money will be printed to replace any lost as credit and that the entire US population will soon be on the dole. We could see quarterly "stimulous checks"

      meanwhile, gas costs more than a year ago. So does bread. And gold. And personal services that are required (not luxuries and fluff). Go build a home. It costs more than a year ago despite the bad market. Go buy a car that isn't a large SUV or truck. It will cost you more. Go obtain healthcare or insurance on it. Costs more.

      Asset prices can rise and fall based on MARKET CONDITIONS. It's the money supply that is inflation/deflation.

      If you're in the market for buying a home and have cash to pick up cheap stocks and commodity ETFs, then you can claim deflation. For the rest of folks, it's inflation.       Oct 07 05:37 PM
    • Analyst: Oil Prices Inflated by 50% [view article]
      Keep in mind this is the same Mike Norman saying at various times that housing was fine, freddie and fannie were fine, financials were a great buy, the economy was booming, etc.

      Even a blind squirrel sometimes finds an acorn. Oil has fallen some since this.
      Oct 05 05:04 PM
    • Bailout Cost, per Taxpayer, by Income [view article]
      JasonC.

      Interesting point. But did you stop to realize that aggregate GDP is not spread uniformly? What if most of the gains/benefits accrue to the top 5% (those who own stocks of these companies and others) yet the bonds are repaid by a broader spectrum? (those who consume most of their income)

      And more things come to mind that should be considered. What of the costs of inflation caused by injecting dollars into the economy, which is born more heavily by "working class" people, as the costs of necessities is a higher percentage of their income. And what of the intangible costs of the moral hazard created? Put a value on that one! And from what I'm reading $700B is not the end of it. What happens when CDS and credit card and auto loans are added to bailouts? Where does it end? And once we're in for $700B, there would be severe pressure to "protect our investment" with further cash outlays.

      I think the calculations required here are beyond any one page column.       Oct 01 10:27 PM
    • Time Not for a Bailout, But for Nationalization [view article]
      The author shows he is ignorant when he claims we "did nothing" during the great depression. Oh yeah? What are price controls and wage controls? The govn't action prolonged and deepened it.

      With "experts" like this no wonder we're in deep kimchee.       Sep 28 12:09 PM
    • It's the End Of the World As We Know It and I Own Gold [view article]
      Comment on those saying "you can't eat gold". etc. No, you can't, but you can sure get more for it in trade than you can with bullets and canned food. Doubt it? Go look at reports from Berlin in 1945. People used diamonds and gold to help them find ways to escape via gaining access to military and govn't transportation and even bribing Russians. Then after the war Nazis used these "hard assets" to gain passage out of Germany while someone with paper reichsmarks would have been laughed at. When the fiat money fails, gold is the money. I doubt they would have accepted 20 truckloads of spam and 12 cases of shotgun shells instead.

      And of course, completely ignoring Tim's column, they again go straight to a Mad Max world. You can get kicked out of your home and be homeless even w/o mayhem raging in the streets, guys. If you buy some significant amount of gold you're protected against hyperinflation. It won't defend your home from zombies for you. But it might mean the difference between destitution and getting by.       Sep 25 12:10 PM
    • Why I Got Gold Wrong [view article]
      What bubble gum machine does one get his "expert" badge out of to post here? Come on. If you don't really have a handle on it post your thoughts on a regular chat board. You got this one about half right.

      Yes, there's deflation in credit and some asset classes like RE, stocks, bonds, etc. But you completely fail to account for the fact that our govn't (and world govn'ts) are creating money out of thin air for TRILLIONS in bailouts and stimulous packages and nearly as much in routine deficit spending. This money printing will outweigh the loss of money from bank losses, as while the bank crisis will end the deficit spending will not and will even increase. If you think a $550B deficit is bad, wait till we're in full bore recession and tax revenues are way off. $1trillion deficits will become routine. They'll be paid for with printed money, hence.....massive inflation!

      Now, if credit default swaps and other credit disasters occur they may dampen inflation for a while, but in the long run we're more like Zimbabwe than Switzerland in terms of our currency.

      And quoting Cramer is like quoting a poop flinging monkey at the zoo. Type "don harrold cramer" into youtube search and watch Cramers lies and horrible calls for yourself.       Sep 22 10:16 AM
    • Gold Bull Sees Huge Run for Gold [view article]
      traderstaff, you might want to go check the price of gold 8 years ago vs today. And this is with probable govn't manipulation down of the price and the usual inertia of investors wanting to stay in stocks. What happens when they flee stocks and the dollar? Where do they go? Sep 20 12:09 PM
    • If You Think the Dow Did Well Today, You're Wrong [view article]
      Boy, these US stock investors are like the guy in the Monty Python and the Holy Grail movie. "I'm not dead yet". They keep taking beatings and won't give up. If being that close to complete banking collapse, or the alternative being massive govn't money printing and inflation to temporarily save them, or the spectre of massive credit default swap losses doesn't scare them out of US stocks, nothing will.

      It'll take a few more wallops with the sword to finally put them out of their misery.

      Funny, I recall the days when you bought a stock based on its projected future income. What a rosy picture we have ahead of us, eh? AIG, GM, FM, etc were all "screaming bargains" at one point also.       Sep 20 10:50 AM
    • Gold May Not Be Just Another Commodity Anymore [view article]
      ChrisB: 1. gold production has been down somewhat hasn't it?

      2. "goldbugs can't bring themselves to sell". Well, sell when? Selling at $800 before the big drop in the early 80's, good. Selling the year before it hit $800, bad. Selling in March '08, good. Selling in march '04. Bad. Selling in July '08, good. Selling last week, bad. So, you tell me, what happens if I sell at $1,000 in a few months. What if gold is $5,000 in 5 years? What if 5 years later it's $800?

      I'm not a "gold bug", never owned it till early '07, but isn't the whole idea knowing when to sell? So far the fundamentals say to me that it's going higher. Is that guaranteed? Nope. But neither is oil, other commodities, US stocks, foreign stocks, or anything else. All I know is I listen to the arguments on both sides, and the ones for gold are much more impressive and rich with detail and analysis. The ones against it are usually just a couple of paragraphs of derision and not much else.

      Sep 17 04:44 PM
    • Gold May Not Be Just Another Commodity Anymore [view article]
      Mark Anthony: Since it's fun to play "pick a date and go from there", let me try. Do you think those who bought gold at $46 or whatever in the early 70's gained inflation protection as it rose to $800 in a decade? Do you think people who bought gold in the $200's 7 years ago did worse or better than the stock market? See how silly it is to try to defend a strategy using cherry picked dates?

      Economics didn't start in 1980. Some people are going to have to learn that the hard way. The "rules" change as the world changes. Today we'll soon be seeing the death of the "buy the entire market and hold it and you will get rich" thinking of the 25 year bull market. The reason that is touted is because those touting it came of age in a BULL MARKET! I bet you weren't hearing as much of that in the 70's or 30's.       Sep 17 04:36 PM
    • Gold May Not Be Just Another Commodity Anymore [view article]
      Hey Botfeeder. Wouldn't that be a pretty good argument for why gold needs to hit at least $1200 then? And to be accurate, it's had more than 1 good day. It's been 2-3 in the last week I believe. I still think gold will remain volatile until it's more certain in the minds of the masses that fiat currencies are not holding their buying power, though.

      Sep 17 04:30 PM
    • A Tale of Two Commodities' Charts: Crude Oil and Gold [view article]
      Wow! If only I'd had my time machine delivered so I too can go back and claim to have made all the right moves. I love how you include mumbo jumbo chart shape junk to reinforce your arguments!

      Newsflash. ANY change in a market creates triangle shapes and ANY move in the market creates lows that can later be called "floors".

      But go ahead folks and buy your snake oil. Why bother understanding how economics works when you can look at shapes on a chart, right?       Sep 16 09:44 AM
    • Short-Term Correction in the Commodities Bull Market [view article]
      "Trader" = some guy in his living room who can't afford a proper trip to vegas. You might as well bet it all on "black" at the roulette wheel, despite your silly claims to various "systems". 50% of you lose money.

      Sep 09 10:21 AM
    • The Nuttiness of This Market [view article]
      I can't understand the crazy market in the short term, but hopefully the long term macro picture that I DO understand will show out in the long run. I think that commodity markets have become yet another new "fad" like dot.com stocks and RE, except that this time it's the big boys and traders playing the game, not neophytes off the street. But you can only fool people so long. When those non-financial people DO figure it out that their currency is losing real value, that the govn't statistics are phoney, and that you can't make money owning stocks that don't make profits, there is great potential for a TSUNAMI of cash to flow into commodities as people search for something tangible in an ocean of fiat currency. Sep 03 03:17 PM
    • Gold Futures' Dirty Secret (Part I) [view article]
      Maybe people would take more account of your posts if you could write coherently, Paul&Shark. But thanks for the rambling drivel anyway. Sep 03 08:07 AM
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