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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]
    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, 2012. 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, 2012. 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, 2012. 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, 2012. 11:22 AM | 3 Likes Like |Link to Comment
  • Bank Of America: Destined To Double In 2013? [View article]
    REGARDING: BAC is trading for approximately 44% of book value.

    RESPONSE: If we deduct the $70 billion of GOODWILL, which is worthless, the 44% adjusts to 70%.

    mz
    mikiesmoky@aol.com
    Dec 20, 2012. 05:22 AM | Likes Like |Link to Comment
  • Bank Of America: It Is Time To Take Profits [View article]
    Good call.....................

    lol
    Dec 17, 2012. 06:19 PM | 1 Like Like |Link to Comment
  • Basel III And Gold [View article]
    MarketWatcher:

    The higher gold rises, the greater will be its decline and damage done to holders.

    Think NASDAQ.

    Had Alan G. used Regs. T and U in late 1996, as he uttered those words (irrational exuberance), the NASDAQ would have never risen to over 5000.

    CONCEPT: One falling from the 22nd floor will be, substantially, more damaged that one falling from the 2nd floor.

    THINKING: There are very few among the "thinking" few........,the others don't "think" at all........, they only "think" they do. lol, but not really

    mz
    Dec 15, 2012. 06:40 PM | Likes Like |Link to Comment
  • Obama's Loss Is the Economy's Gain [View article]
    Muoio:

    REGARDING: What would work are Labor Equalization Tariffs (LETs) on all imported goods.
    LETs make a manufacturer indifferent to which labor pool to use. For example if a Vietnamese worker receives $.80 an hour to sew shirts and the average industrial wage in the USA is $18.00, the

    RESPONSE: Whereas your concept, definitively, has merit, it requires substantial tweaking, most notably that this would allow unions to raise wages to the sky. Please review my UNIONS writing, below:
    TRADE AND SERVICE UNIONS DEFINITION: A number of persons joining together for some common purpose. TYPES OF UNIONS: Private and public FACTS: Private and public unions negotiate with employers to obtain specific goals for those persons being represented. Subjects for negotiations include wages, benefits, and working conditions.If negotiations result in additional costs to an employer:A private employer will absorbed those costs or will pass some or all to the customers.A public employer will have its “rainy-day” funds reduced or will raise additional revenue from its taxpayers. ANALYSIS:If a private employer absorbs additional negotiated costs, margins will be affected, which will reduce taxable income, which will cause a reduction in the value of the employer’s business. If the employer passes on the additional costs to its customers, it would be inflationary and the customers would have less spendable funds for other expenditures, which may adversely affect the economics. In most instances of higher costs, those costs will be passed on to the customers.If a public employer raises additional revenue from its taxpayers, the taxpayers will have less spendable funds and that may adversely affect the economics.When a politician, economist, or anyone else calls for high-paying union jobs, they are implying that there be a shift of wealth from customers to the high-paying union jobs. mzmikiesmoky@aol.comFe... 26, 2011

    Dec 15, 2012. 06:16 PM | Likes Like |Link to Comment
  • Covered Call Writing And Stock Option Expiration Cycles [View article]
    I only checked the F $5.00.
    It appears there may be a bad "feed" and the price should be $1.00 higher.

    mz
    Dec 10, 2012. 01:20 AM | Likes Like |Link to Comment
  • Basel III And Gold [View article]
    Katgod:
    Archimedes.............., i.e., Eureka!!

    lol

    mz
    Dec 4, 2012. 11:29 AM | Likes Like |Link to Comment
  • Basel III And Gold [View article]
    Filipo:
    REGARDING: The Gold price is bound to plunge because it is overvalued

    RESPONSE: The POG is overpriced, overvalued, and overbought.

    Three strikes.............., you're out!!!

    CAVEAT: Be what??? I hope you have gotten it, by now......

    Good luck,

    mz
    Dec 2, 2012. 11:54 AM | Likes Like |Link to Comment
  • Basel III And Gold [View article]
    MarketWatcher:
    REGARDING: Michael if you want to buy something, and the owner won't part with it, than it is effectively priceless.
    RESPONSE: Your question is far beyond naive.


    REGARDING: Who cares what some arbitrary organization feels it's value is.
    RESPONSE: How much naïveté are you going to offer. You don't think that the lending institution is concerned about the value of an asset upon which it has lent funds?

    REGARDING: You were asked a simple question. If all the people who owned gold in paper (etf etc.) form were to request delivery, what would that do to price? It's a simple question.
    RESPONSE: ...and what would the effect upon the price be if hoarded supplies were sold into the market? Given your scenario, the price would rise to an even more dangerous point. SUGGESTION: Take a look at the NASDAQ chart from 1999 to 2001.

    Have fun,

    mz
    Dec 1, 2012. 10:17 PM | Likes Like |Link to Comment
  • Basel III And Gold [View article]
    Frank,
    She still owned silver and gold.

    mz
    Dec 1, 2012. 10:00 PM | Likes Like |Link to Comment
  • Basel III And Gold [View article]
    The cost to produce an "incremental" ounce of gold varies from around $250 to $750, depending upon many variables, including difficulty in extraction, equipment, et cetera.
    The cost to extract doesn't mean much except that as long as the "market" price enables production, inventories will increase, wherever and however those inventories are held.
    Circa 1974, I wrote letters to William Simon (Treasury secretary) and Sen. Alan Cranston (Ca-D), suggesting that the legalization of American ownership of gold was a mistake. My comments included that the legalization would exacerbate our balance of payments and would promote investing in a non-productive commodity rather than ourselves.
    Simon's response: "I believe the time has come for Americans to be able to own gold".
    Cranston's response: "I think it will create 200-300 jobs in California".

    mz
    Dec 1, 2012. 09:52 PM | Likes Like |Link to Comment
  • Basel III And Gold [View article]
    Frank:

    REGARDING: You may decide my home is fairly valued at 400k. I may think it is 500k. If you wanted to buy my home and I refused to sell it for less than 500k, then either you pay 500k for it, or you don't get it. If I refuse to sell it at any price, then what is it's value?
    RESPONSE: No one can tell you what is the "exact" value. The "executable" price is not the exact value. It is the "market" price, which will be published (multiple listings) and the bank will hope the price will not drop. There are many extraneous variable influences, such as economic strength, interest rates, et cetera. Pain will be felt when the price has either a material drop or increase. Both are problematic, with the former able to inflict the greater pain upon an economy.

    REGARDING: The same goes for the glass of water in the desert. I could be sitting there thirsty with 5 thousand dollars and could spend all day explaining to you what I thought a glass of water was fairly valued at, but you may just choose to keep it.
    RESPONSE: Would you keep the $5,000 and die or exchange the money for the water?

    REGARDING: Up above I asked you the flip side of your question. I am curious about your answer. I realize gold would go down if everyone wanted out. Same goes for anything. I do not see those reasons present today. But if everyone who thinks they own gold because they own some paper contract decided to take delivery, how in your opinion would that affect price?
    RESPONSE: Utility is critical. What utility does gold have other than usage? What utility does food have if there is excess food and it is spoiling? The fact that there were excess would place downward pressure on the price of the food. Think, for a moment, if gold were not hoarded. There would be excess supply and the price would drop significantly. CAVEAT: Be careful...., be very, very careful.

    REGARDING: Anyone who bought gold in the 80's at $500-$700 an ounce would have roughly tripled their money if they still own it today. I don't trade, I invest. If people trade they win some and lose some.
    RESPONSE: A very astute observation. Let's use $600 and compound (after-tax) rates of 4, 5, 6,and 8%.
    The accumulated value, today would be:
    4% $1,946
    5% $2,593
    6% $3,446
    8% $6,037
    Does the above have any meaning to you?

    Enjoy,


    mz
    Dec 1, 2012. 09:36 PM | Likes Like |Link to Comment
COMMENTS STATS
232 Comments
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