Seeking Alpha

GUS100CORRINA

GUS100CORRINA
Send Message
View as an RSS Feed
View GUS100CORRINA's Comments BY TICKER:
Latest  |  Highest rated
  • Losses On Gold Positions And Other Economic Data The Swiss National Bank Will Not Like [View article]
    Everyone has a theory as to why gold price is moving. This is the 12th version I have seen. There is not a single one of these theories that tie to all the others.

    I am convinced that no one has an answer but GOD. One reality that is like a turd on the table is debt. The central banks are printing 24 x 7 with no end in site because of bad fiscal policies by all the nations of the world. Everyone wants the turd to go away ... but it just keeps getting bigger and stinkier.

    See web site http://bit.ly/VWYY2y
    Dec 25 11:04 PM | 1 Like Like |Link to Comment
  • Inflation Signs Are Everywhere Despite Gold's Drop [View article]
    Whereisthefire ...

    The author is right on the mark. And yes ... you did miss something and it is subtle. The authorities (who ever they are) keep changing the way CPI is calculated. They have done it at times when it has been politically expedient to do so. In addition, the manufacturers of food products have been reducing container sizes for same price.

    While I could site 100s of examples, one of my favorite examples is Walgreens. They went from a pricing model where you could buy one get one free to a pricing model where you buy one and get the second at 50% off. That is a 50% price increase. It is going on everywhere.

    Please visit website shadowstats.com to get the real, truthful story.
    Dec 25 06:40 AM | 3 Likes Like |Link to Comment
  • Option Strategies: The Best Way To Play Gold Mining Stocks For The Next 2 Years [View article]
    Bret ...

    Well put. I agree.

    I keep wondering how much longer prices for PM stocks will remain at depressed levels? Like E Sprott said recently ... it is a question of whether you view the glass as half empty or half full. When (not if) GOLD heads back toward $1,800, the view of the mining stocks will change.

    Here is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets and mining stocks.

    Submitted by Gordon T. Long of GordonTLong.com,

    "We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."

    Merry Christmas
    Dec 25 05:22 AM | Likes Like |Link to Comment
  • Eric Sprott: I Think We Are In For A Shortage Of Physical Gold [View article]
    untrusting investor ..

    You nailed it! Right on!

    I could not have said it better myself.

    Merry Christmas
    Dec 25 05:18 AM | 3 Likes Like |Link to Comment
  • The Gold Bear Is Waking Up [View article]
    fishfryer ...

    You are absolutely right on the mark with the CPI discussion. I see so many pundits quoting/using government CPI data which is distorted/manipulated to obtain a desired "political" result. John Williams' shadowstats web site really does a good job of detailing the history of government misinformation.

    In any discussion, the presupposition ends up being the foundation of the discussion. If one's presupposition assumes that government data is valid and truthful, then the whole argument for a position falls apart and is nothing more than meaningless words on a printed sheet.
    Dec 24 10:11 AM | 4 Likes Like |Link to Comment
  • The Gold Bear Is Waking Up [View article]
    E.W. Barnaba ...

    "But the lion's share of the investing population doesn't share them, and as such gold is going down."

    To make a statement like the one above is misinformed at best and arrogant at worst. The lions share of large funds have huge insurance policies against disaster using the SP500 put options (Put/Call ratio on the S&P is 3 to 1).

    You, like so many other Americans, are in absolute denial.
    Dec 24 09:05 AM | 5 Likes Like |Link to Comment
  • Comex Gold: Wash, Rinse, Repeat - The Bottom May Be In [View article]
    The comment "Comex Gold: Wash, Rinse, Repeat - The Bottom May Be In" makes sense to me for the following reasons:

    1. US debt is $16.3 Trillion and climbing.
    2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
    3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
    4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

    See video clip at web site below to get a visual picture of what the US Debt reality looks like.

    http://demonocracy.info

    It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up over 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape" and we have stolen the future from the next generation to "paint the tape".

    Finally, below is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets.

    Submitted by Gordon T. Long of GordonTLong.com,

    "We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."
    Dec 24 08:08 AM | 3 Likes Like |Link to Comment
  • The Gold Bear Is Waking Up [View article]
    Zeke-dog ...

    I agree 100% with your comment.

    Bamaba ...

    To get a sense of what reality looks like, below are challenges that need to be addressed. If addressed, I would agree 100% with your comments.

    1. US debt is $16.3 Trillion and climbing.
    2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
    3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
    4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

    See video clip at web site below to get a visual picture of what the US Debt reality looks like.

    http://demonocracy.info

    It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape".

    Finally, below is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets.

    Submitted by Gordon T. Long of GordonTLong.com,

    "We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."
    Dec 24 07:54 AM | 3 Likes Like |Link to Comment
  • The Dichotomy Of Paper Vs. Physical Gold And Silver Markets [View article]
    untrusting investor ...

    great question ... from a technical smorgasbord, everyone has an opinion and can build the case for any number they want to justify. I have listened to over dozen people and the general consensus of those people is that we are close to a bottom in gold in the 1575-1625+ range. Silver also looks close to a bottom. What is interesting is that the gold and silver mining stocks appear to be firming which might be a "canary in the coal mine" type of indicator.

    I too have noticed Platinum's dismal performance. In fact the entire industrial metals complex is getting hammered which would include copper, palladium, platinum and silver. Looks like these metals might be an early warning sign for an economy that is getting ready to go into the toilet.

    My observation is that there has been so much government intervention that all of the historical economic relationships and models are broken and no longer valid. Anyone who says they have an answer is a liar.
    Dec 23 11:07 PM | 4 Likes Like |Link to Comment
  • The Dichotomy Of Paper Vs. Physical Gold And Silver Markets [View article]
    Here is a post from Zerohedge on 12/23/12 that is worth reading and understanding because of it's implications on the precious metals markets.

    Submitted by Gordon T. Long of GordonTLong.com,

    "We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy have steered the world into uncharted waters and on a course that history warns us against. Federal Reserve: QE3 "Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped", BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for "Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark Carney's Monetary Evan Rule targeting. These untested and newly commissioned captains all have PhD's from the finest Economic schools in the world, but they clearly have not studied nor grasped the key lessons of history. To any sane person, who has a grasp of what is presently occurring, it is obvious that the current state of affairs is unsustainable. The question is how long can the Monetary Captains' misguided policies keep us off the shoals of our economic destruction. How long can policies of "Extend and Pretend", Kick the Can Down the Road" or "Fake it Until You Make It" continue? The answer is likely unknowable, the certainty of it ending badly is not."
    Dec 23 08:50 PM | 3 Likes Like |Link to Comment
  • Is Silver Ready For Takeoff? [View article]
    JohnnyM ...

    I believe there is a good chance Patrick might be right for the following reasons:

    Technical
    =======
    With Fibonacci, EW and other complex mathematical analysis aside, both GOLD and SILVER look to be in the process of completing a large CUP-HANDLE formation. In addition, GOLD has formed a potential bullish flag. Next few days should confirm.

    Fundamental
    ==========
    US has a debt problem that is beyond description. Fed printing presses are running 24x7. See the web site link below to get a snapshot of what reality looks like.

    http://demonocracy.info
    Dec 23 08:19 PM | 1 Like Like |Link to Comment
  • Silver: Will $28 Hold, Or Are We Going Down To $22? [View article]
    Avi,

    I have seen information from zerohedge earlier in the week that resulted in a "flash crash" overnight in the S&P mini-futures. In fact S&P was down limit and recovered because either the PPT or other authority intervened. No technical analysis is going to prepare people for what is ahead. Unlike 1987, everyone on the planet has the ability to execute sell orders via stops, etc. I can remember is that morning while working for GE, I went to work. In the morning GE stock was selling in the 70's and by the close of the day it was in the 30's. With HFTs, leverage, debt, etc., all of the pieces are in place to create an event that no technical analysis can predict. Also, in 1987, everyone was using a broker. Today we have the internet and an interconnected world with 629 Trillion dollars in derivatives. Use of dervatives like you are suggesting, while offering hedging and protection, are part of the problem.
    Dec 23 09:37 AM | 3 Likes Like |Link to Comment
  • Silver: Will $28 Hold, Or Are We Going Down To $22? [View article]
    Avi,

    Nice job putting information together.

    There are two sides to any transaction ... FEAR and FAITH. Which ever direction SILVER does go, the broader market will most probably follow.

    The reality of debt and spending will have to be addressed. If not, the consequences will be that both SILVER and GOLD prices will rise without bound and FEAR will become the motivation because people will eventually loose FAITH in leadership to resolve the fiscal challenges in a credible way. Below is a market reality regarding debt that no one can ignore for much longer. If ignored, no technical analysis is going to matter when the wheels come off of the financial cart.

    1. US debt is $16.3 Trillion and climbing.
    2. US unfunded liabilities will make the whole debt calculation soar to above $120+ Trillion.
    3. Federal Reserve balance sheet is expected to soar above $4 Trillion in 2013.
    4. On Wednesday, 12/19/12, Fitch fired a downgrade warning shot across the bow of the American ship that warned that there would be a downgrade if America does not address the fiscal cliff issue and soon.

    See video clip at web site below to get a visual picture of what the US Debt reality looks like.

    http://demonocracy.info

    It is clear that most of America is living in denial. In the end, it should be noted that while S&P is up since 2009, debt is up 3 fold to achieve the results. The entire market in nothing more than a giant "painted tape".
    Dec 23 03:45 AM | 4 Likes Like |Link to Comment
  • Failure Of Leadership [View article]
    Petelovesamy,

    I agree ... it is time to live within our means.
    Dec 21 09:49 PM | 2 Likes Like |Link to Comment
  • Failure Of Leadership [View article]
    To all:

    I just find it extraordinary that gold and silver are not much higher when I read things like note below:

    "Amazingly, the U.S. national debt is now up to 16.3 trillion dollars. When Barack Obama first took office the national debt was just 10.6 trillion dollars."

    The above is theft of the next generation's future. This is really, really sad.
    Dec 21 09:45 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
706 Comments
1,141 Likes