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MichaelZZ

MichaelZZ
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  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    Stu,
    Do you have any idea of the concept of "paper" money?????

    Yeah! I thought not.......

    mz
    Dec 31 08:47 AM | Likes Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    What???

    lol

    mz
    Dec 31 08:40 AM | Likes Like |Link to Comment
  • Why Best Buy Is A Best Buy And What To Do About It [View article]
    Why would he be frustrated???

    Rather than paying 20-23, he may get it for $14-18.

    He should be buying common and shorting Puts.

    mz
    Dec 31 08:39 AM | 2 Likes Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    Stu,
    And, in your fascinating world, the Easter Bunny and Tooth Fairy are real!!

    mz
    Dec 30 12:35 PM | Likes Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    Stu,
    You are persistent..., not rational, but certainly persistent.

    HINTS: Think Ponzi scheme. Think Pyramid scheme. Just "think"!!

    Reality is staring and screaming at you, but you appear to be oblivious.

    You really cannot find a superior and rational investment for your family??

    mz
    Dec 30 12:33 PM | Likes Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    Stu "Silver",
    Your conclusion to characterize me as a "paper lover" is as fallacious as your "thinking" about and defining "shortages".

    Danger lurks.

    .....Time passes...................

    See...., I told you so!

    lol

    mz
    Dec 30 12:27 PM | Likes Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    Jim V,
    Discussing Gold is like discussing religion.

    If you don't comprehend that gold is the #1 most hoarded commodity, time will afford you the opportunity to reconsider.

    Hoping is not a great investing concept. Your "hope" is that the hoarders continue.............

    If they don't.................... oops!

    mz
    Dec 30 12:23 PM | Likes Like |Link to Comment
  • Bank Of America: Destined To Double In 2013? [View article]
    I like and appreciate the financial engineering BAC has achieved these past 2-3 years and have told them so.

    It remains that the $70 billion Goodwill may be a wee bit overstated.

    mz
    Dec 29 04:45 PM | Likes Like |Link to Comment
  • Bank Of America: Destined To Double In 2013? [View article]
    Goodwill is the "excess cost of the underlying assets acquired" and is justified when and if there is real value which would be evidenced by earnings based upon the acquired assets.
    This characterization of Goodwill is not congruent with BAC's "Goodwill" and unless earnings skyrocket within the next 2 years, we should see substantial "impairment" charges.

    As substantially overstated BAC's Goodwill appears, it is minuscule compared to CCE's, circa 2001. Whereas the book equity was around $3 billion, the "Goodwill" stood (tall) @ a "Ripley's Believe it or not" staggering and incredulous $14 billion.
    It was due to fraud between KO and CCE, mainly during the 1995-1997 period.
    I spoke with the auditors of both companies, which were both from E&Y. lol
    The CFO's of both companies had the pleasure of my comments.
    I have in excess of 300 lines of notes (Excel) regarding these matters.
    When I found this, I said, on Yahoo's KO message board that it would take 8-10 years to enable "adequate" impairment charges and that CCE should be merged into KO.
    Please visit the past 3-4 years CCE balance sheets and the KO/CCE merger.

    I was, also, involved and was the cause (as told to me by someone at the SEC) of the $300 million "adjustment" in Q4 2001 for CCE.

    mz
    mikiesmoky@aol.com
    Dec 29 04:41 PM | 1 Like Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    One must understand that there is no "rational" marketplace for Gold.
    It's a "pretend" marketplace.
    Perhaps the hoards of gold will never be sold into the market.
    Perhaps they will be.

    Do you feel lucky...., well do you???

    Bang!!!!

    mz
    Dec 29 03:56 PM | Likes Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    Gold, absolutely not, due to its #1 hoarding status.
    Rational price range, $700-$1,000 with extremes @ $500 and $1,200.
    Ya think that gold has been "promoted", somewhat? lol
    If gold were not hoarded, all bets off, i.e., bottom could be around $350-$400.

    Silver, not good, but better than gold. $10-$15 rational price range.

    Circa 2001: Gold @ $300-350 and Silver @ $4-$6.

    Jump off the wave before you crash into the shore.

    mz
    Dec 29 03:50 PM | Likes Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    CUTTING TO THE CHASE....................

    REGARDING: Eric Sprott: I Think We Are In For A Shortage Of Physical Gold

    RESPONSE: How can there be a shortage of gold when the metal is being hoarded by almost all governments, ETF's, individuals, et cetera?

    CONCLUSION: The aritcle is naive, misleading, and inane.
    Other than that, it is fine.

    mz
    Dec 29 10:09 AM | Likes Like |Link to Comment
  • Why Best Buy Is A Best Buy And What To Do About It [View article]
    Agreed.

    Buy BBY, short AMZN.

    mz
    Dec 27 04:07 AM | 1 Like Like |Link to Comment
  • Why Best Buy Is A Best Buy And What To Do About It [View article]
    AMZN might be a candidate to make a competing offer.

    mz
    Dec 27 04:05 AM | 1 Like Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    Me thinks the author has an axe to grind.

    Shortage of gold???

    Is he a comic??

    What would happen to the price of gold if and when the hoarded gold were released into the marketplace?


    $600?
    $500?
    ?????

    mz
    Dec 25 11:22 AM | 3 Likes Like |Link to Comment
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228 Comments
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