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  • GLD Isn't Going Anywhere Until The Fed Pulls The Rate Hike Trigger [View article]
    Thinking that weakening the dollar is a solution to economic problems caused by excessive debt and other such negatives is a popular but naive way of thinking. By weakening the purchasing power of the dollar it impoverishes the middle class and poor while not adding enough upside to compensate them.

    The US has run trade deficits for many decades, just what is it that we export besides currency? Lowering government spending, taxation and other such maladies is how you create true strength.

    And if you are going to do something as stupid as let your currency be maintained by a cartel of banks, at least set rules to limit their abuses.
    May 21, 2015. 03:15 PM | Likes Like |Link to Comment
  • GLD Isn't Going Anywhere Until The Fed Pulls The Rate Hike Trigger [View article]
    Well Lior, then according to this logic gold will never move because they are NEVER going to raise rates! Notice that every deadline gets passed up? Do you ever wonder why they can't start a rate hike cycle? With all of this money pissed onto the economy and rates at 0 it can't even produce a tiny recovery broad based. Its a bad sign when now nothing happens. You will see another QE before you see rates at 5%! I guarantee it!!!!

    PS, gold will move before then also.
    May 12, 2015. 03:54 PM | 12 Likes Like |Link to Comment
  • Low Inflation And Higher Growth Keep GLD Down [View article]
    Why do you say low inflation? Does indexes hitting new highs with extremely bloated prices mean nothing? Do real costs of living mean nothing?

    I fear you have succumbed to banker propaganda unless of course you have joined them.

    Narratives are bad to trade on because of all the stories we are missing.

    Gold slowly coming down? How much (about) in what time frame? Will you publicly recant if it goes up for the next year?

    Good luck to you Lior! I hope you make lots of money!
    Dec 26, 2014. 04:12 PM | 6 Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]

    Your brief history of paper currency does little to make it appealing, it is just dust without the governments police and military might to force people to use it. The western world might take 500 years to figure out that currency is best used as insulation in the attic or as door stops.

    Gold has always been money and always will be. The slippage in currency never abates and this is a law of the universe virtually. If you like paper currency I have some bills of my Steve currency and would like to trade them with you for your things you own.

    Your assumptions about renewable energy show you need to study these better. They are NOT decent replacements for fossil fuels, the subsidies on them more than clarify that.

    Remember that the majority of the oil which is used now was discovered in the 50s and 60s and based on the water returns all of them are beyond the 70 percent used up mark or worse. Ghawar, the largest field in the world has its larger half, the northern half, flooded in water from the returns. Oil is going to turn nasty and they have yet to put wind mills on airplanes to to power them up.

    I tell you these things because I wish for your financial success. Buy Oil related things on this weakness and buy gold and silver. You will thank me later.

    Good luck to you!
    Dec 9, 2014. 01:51 PM | 1 Like Like |Link to Comment
  • GLD Continues To Lose Its Appeal [View article]
    These bearish gold comments are very helpful in making one go long gold. Thanks JohnnyM and the rest of you! Its appreciated!

    Of course buy low and sell high don't seem to appeal to some people. Markets can absorb infinite numbers of buy high and sell low individuals!
    Dec 2, 2014. 02:23 AM | Likes Like |Link to Comment
  • GLD Continues To Lose Its Appeal [View article]
    There is an awful lot of talk about rates going up, for years now. I will believe it when I see it. The printing show just keeps rolling along. As prices rise in most things, it is clear what is really going on.

    Should gold drop further after the mountains of currency the central banks around the world have printed? Anything can happen but for that to happen, absurdity would have to be magnified even further.

    I think patience is in order here. Unless cancer appears, we have a lot of time.
    Nov 27, 2014. 05:00 AM | 5 Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Lucas, you can't be serious! Har har har! Of all the corny predictions, yours is the corniest of all! Of course it couldn't happen, mining the stuff is not very profitable at these prices.

    I get the feeling you don't really understand the amounts of paper currency which have been made in the world, nor do you understand the effects it has always had on all things be it gold, oil, corn, wheat or anything else.

    The only thing which ever gets more worthless is the hot air you read in some seeking alpha articles!

    Short gold Lucas, stay short until it goes to 40 dollars. I have some barrels for you to wear later on!

    Good luck! (PS, don't really do it, you're a funny guy and I wish you success!)
    Nov 25, 2014. 01:35 AM | 2 Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Its pure comedy reading all of the crystal ball predictions about the "Certainty of Gold hitting a whole host of stupid and random low numbers" (800 har har har!) 4 years of an intermediate downtrend really get peoples price anchoring going! If gold heads up strongly from here will all of the Nostradamus imitators Mia Culpa or continue predicting?

    I like Avi for this reason, he really seems like a person who is agnostic to any loyalties and just wants to make money in the market. What ever else gets said, this is laudable.

    Silver Swede is comical in that he just states his vision of silver in the 9s for years to come but doesn't really provide any reason for it. And he has such emotion about the savaging of this market! Har har har!

    Of course with 20 dollars being the break even point for profitable mining of the stuff we should just take the word of a man in his basement that for many years the price will remain half of that or less.

    It makes sense that this is what you would hear at bottoms just like moon shot predictions come out at tops.

    Unlimited numbers of factors drive prices and yet there is no shortage of people who will tell you what the next few days will bring, with a certainty which would astonish even Monk.
    Nov 19, 2014. 03:17 AM | 3 Likes Like |Link to Comment
  • GLD: Please Do Not Overreact - Part 1 [View article]
    Everyone talks about buy low and sell high but few do it! Time to be a mega bull with these prices! What idiot gold bull would be despondent with better prices than we have had in years and stocks at the 2000 lows? I was despondent when gold went up to its highs and were stretched to the roof away from the 200 day. You could never buy it but shorting it carried many out in a body bag. This stuff here is pretty simple.

    Being careful? Bah humbug! Buying at these prices will produce profits, the time frame is just unknown. If they take it lower load up more! If they begin the new intermediate trend, sit back and watch!!

    Downside and upside targets are pretty silly. When ever they don't hit such targets no one remembers the claim. If they do hit such targets the soothsayer incorrectly thinks their lines on the chart predicted it! Its binary, up and down!

    Here, I will be a technical analyst: If gold crosses 1280 the next targets are 1300, 1330 and 1350. But a break down below 1100 could bring the 1080, 1065 and 1044 targets into view.

    Har har har! Its truly hilarious! Up could be followed by up and down could be followed by down! I would be more impressed if some said the price will not move at all for 30 days. Now that would get my admiration in a big way!

    Good luck Avi! Keep making money!
    Nov 10, 2014. 12:18 PM | 2 Likes Like |Link to Comment
  • The Gold Market Is Going Insane [View article]
    I did make the bet. And like you, I hope we both make money in the end!

    Good luck!
    Oct 19, 2014. 01:51 PM | 3 Likes Like |Link to Comment
  • The Gold Market Is Going Insane [View article]
    Once again I see people looking at a correction to a major trend, one which went parabolic after having almost a decade of no down years. Can a 3 year correction be such a big deal? Also, an action can have an effect but not be immediate. Certain does not mean eminent.

    Shovel dirt on gold when the long term trend is broken. Until then recognize a great opportunity to accumulate while the sentiment is as terrible as it ever has been.

    Lower lows sooner rather than later? But if you don't have a strong opinion one way or another, why say this?

    I will make a binary bet with you for a large amount if you would like. I say gold will be higher five months from now. I do have a strong opinion and would back it in cash.
    Oct 19, 2014. 04:03 AM | 9 Likes Like |Link to Comment
  • Gold Is Not In A Bear Market [View article]
    A bear market is lower highs and lower lows. Thus the long term trend is up while the intermediate and short term trends are down. This is simple.
    Oct 2, 2014. 03:57 AM | 4 Likes Like |Link to Comment
  • Gold Is Not In A Bear Market [View article]
    A great article with quality points. I only question the part where deflation is supposedly going on. The indexes banging out new highs for years in a row is not deflationary. Oil going from 10 dollars a barrel to hanging out around 100 is not deflationary. Food prices make the word deflation blush.

    It is like gold, prices contract from their parabolic moves to prepare moves to higher highs, this is not deflationary.

    Inflation is the real story and will be for some time. If deflation were the story wages would not be so woefully inadequate, they would gradually be better and better.

    Deflation is a banker meme to con people into letting them print more money and steal more.
    Oct 2, 2014. 03:55 AM | 4 Likes Like |Link to Comment
  • Gold And GLD Could See Further Losses As The U.S Economy Recovers [View article]
    U.S. recovery? Har har har! Missing jobs, low wages with increasing prices. And this with the Fed keeping interest rates at emergency levels. I would love to see this so called recovery with 5% rates!

    Based on where the economy is and where it is going I am thinking of going into the barrel making business.
    Oct 2, 2014. 03:46 AM | 8 Likes Like |Link to Comment
  • GLD: Whipsaw Not Likely Over [View article]
    Narratives are terrible reasons to trade. The information that people are not seeing can tip the scales.

    Better is to note whether higher highs and higher lows, or lower highs and lower lows are being made.

    Add in to buy the severely oversold conditions and disgorge the extremely overbought conditions and you have a winning methodology.
    Jul 27, 2014. 04:29 PM | 1 Like Like |Link to Comment
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