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  • Seniors Screwed By Fed Policies [View article]
    David ... You are right! Not just seniors, but savers, which happen to be one in the same.

    I am a student of American history and I can assure you and everyone reading this comment that if this was 1,700s, many of our political leaders would have been executed (shot or hung) for treason.

    Just look at the mess we are in with regards to the US debt. To see the debt reality in graphical form, please take time to visit the following web site:

    America is in a precarious position. What do we see? Congress is on leave and the president is on his way to Hawaii. Unbelievable!
    Dec 21, 2012. 06:28 PM | 15 Likes Like |Link to Comment
  • Why I Am Short Gold: 5 Reasons [View article]
    All five reasons listed in this article are based on logic that is misleading and based on personal opinion versus fact. Gold is in perfect correlation with MZM and M0 money supply growth figures and implied inflation. It is that simple. When MZM and M0 start to go down, so will gold. So what should price of gold be today? To find out one needs to use inflation adjusted data. Based on that assessment, gold would need to get above $2,500 per ounce to be equivalent to peak of 1980. Note that this inflation number uses "fraudulent messaged" government data. If I use correct and truthful inflation data from John Williams which is based on 1980 model data, number for gold becomes $8,897.96 using gold price peak of $830.

    Bottom line: Gold is not a "FAD" or "Armageddon trade" as the author suggests, but a "store of value" trade. Inflation is here and it is real. Gold is going up because it is highly correlated with MZM and M0 money growth figures which are continuing to rise at a very robust rate along with real rate of inflation. If MZM and M0 go down, gold will go down. But based on government debt and spending, there is not a chance in hell of that happening.

    I encourage anyone to check it out the real inflation adjusted price for gold at web site
    May 21, 2012. 03:08 PM | 14 Likes Like |Link to Comment
  • Surviving And Prospering Over The Next 4 Years Of Economic Darkness [View article]
    Joseph Stuber,

    I share some of your concerns. What I find interesting is when you look at the politico web site and the popular vote, approximately 100,000,000 US citizens DID NOT VOTE. That number is simply staggering. America has officially confirmed the transition from a constitutional republic to a democracy (mob-ocracy) that is supporting a party platform that voted not to include GOD.

    A little humor that I now believe to be true: Anyone with an Obama-Biden Sticker on their personal property has indeed taken the "Mark of the Beast".
    Nov 7, 2012. 09:26 AM | 13 Likes Like |Link to Comment
  • What To Expect In A Romney Economy [View article]
    I watched most of the RNC on public TV and have following comments related to article if Romney elected:

    1. America will see a boom in energy jobs and production. America will become energy dependent in 3 to 5 years ... hopefully sooner.
    2. America will focus on education which should be good for youth of the nation.
    "College graduates should not have to live out their 20s in
    their childhood bedrooms, staring up at fading Obama posters and
    wondering when they can move out and get going with life
    College graduates should not have to live out their 20s in
    their childhood bedrooms, staring up at fading Obama posters and
    wondering when they can move out and get going with life."
    3. America will see renewed focus on the family ... a good thing. As goes the family so goes the church and as goes the church so goes the nation.
    4. America will begin to stabilize/reverse the debt situation as a result of smaller government, less regulation and renewed entrepreneurial animal spirits. Revenues to government will stabilize and grow because of increased employment.
    5. Precious metals/commodities will continue to rise because it is going to take a decade to unwind/reverse debt structures which will result in Gold becoming a TIER 1 asset in the financial system. Yes, Gold will become key component of financial backbone and treasuries rates will rise causing INVESTORS to FLEE from BONDS to hard assets.

    In summary, Obama is not a bad person, but he is a terrible president ... it is time to turn the page and move forward.
    Aug 31, 2012. 12:42 PM | 13 Likes Like |Link to Comment
  • Don't Bet On Gold [View article]
    Peter Zimmerman ...

    "After the 2008 financial economic disaster passes." My comment: We are just getting warmed up. Case in point: Student Loan Balloon, JP Morgan problem on 11May12, etc.. Below is warning from Egan-Jones on 05Apr12.

    By the end of this year, FY2012, American Debt will exceed GDP! Note how the media paid no attention to the Egan-Jones downgrade at all. Below is the announcement:

    "Credit rating agency Egan-Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poor's did the same.

    Egan Jones warned. "Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult." They added that there was a 1.2% probability of U.S default in the next 12 months. The company cited the fact that the US’s total debt, which now equals its total GDP, is rising and soon will eclipse the national GDP; the company sees the debt rising to 112% of the GDP by 2014."

    Read more:
    May 12, 2012. 01:21 AM | 12 Likes Like |Link to Comment
  • Don't Bet On Gold [View article]
    Abegaz ... Nothing balanced about this article at all! I respectfully disagree with your assessment. A half truth is an untruth which is a lie. This article is full of misleading and biased information. For example, author's chart on gold does not take into account inflation and devaluation of the dollar since 1973. If someone is going to put a chart of gold price for 39 years, inflation must be accounted for in the chart since gold is a store of value over time.
    May 12, 2012. 01:08 AM | 12 Likes Like |Link to Comment
  • Warning: Ignore Bill Gross's Hard Money Prediction At Your Own Risk [View article]

    lol when you said: "Where's the inflation?" Answer: Grocery Stores, Automobile operational costs, medication, drug stores (Walgreens, CVS) and department stores. I could name many more. But rather than list more places where inflation is rearing its ugly head, I would rather direct yourself and everyone reading this note to website by John Williams to get correct inflation figures, not manipulated government data. John Williams presents honest, non-manipulated data.
    Jun 3, 2012. 01:46 PM | 10 Likes Like |Link to Comment
  • Finding A True Value For Gold And Silver: Part I [View article]
    Retired Aviator ...

    Hmm ... let's see ... governments around the world are creating money at a rate that makes created currency/gold oz. ratio at about 22,000 to 1. In addition, the federal reserve off-balance sheet amounts are in the Trillions. Government real rate of inflation is well above your assumed rate of 4+%. Using your methods and right data, true value of Gold probably closer to $2,000 to $2,300 dollars an ounce. By the way, forgot about the 600 Trillion in derivative exposure in swaps, etc. Note I said Trillion, not Billion. Good luck on your Gold short!
    Mar 25, 2012. 01:08 PM | 10 Likes Like |Link to Comment
  • Gold Bulls And Bears Should Short GDX [View article]
    Another author with a "rear view mirror" vision. Despite some of the problems with mining firms, the future is looking very bright. Case in point: George Soros and David Einhorn certainly think GDX, GDXJ are going higher within next 6 months as evidenced by holdings disclosure in their latest 13F fund filings.

    These mining companies have learned an important lesson: "Shorten project implementation time lines and reduce risk when/where possible or cancel the project." AUY is a great example of a company that has managed risk and executed projects on-time and within budgets.

    One final note: The major mining firms are sitting on TRILLIONS of dollars worth of resource and reserve assets. These companies are selling at $0.05 to $0.10 on the dollar. Shorting mining firms now is a high risk proposition, especially if fiscal cliff resolution efforts go south. Euro looking like it might head to 1.34 which would be positive for gold and silver prices.
    Dec 1, 2012. 01:33 AM | 9 Likes Like |Link to Comment
  • Returning The Dollar To The Gold Standard Is A Really Bad Idea [View article]
    HiddenValueInvestor ...

    Credentials of HiddenValueInvestor:
    Master of Business Administration
    Investment Advisor, Portfolio Manager, and Research Ananlyst since 1989

    One comment: From your age, it is obvious you were not in the business when Richard M. Nixon took the US off of the Gold Standard. I however was alive and working. The really bad news about this decision is that the US currency has lost 80%+ of it's value since that time. In addition, we made a deal with the Arabs that guaranteed that US dollars would be used to purchase oil anywhere in the world (Petrodollars) resulting in bondage to oil for America since the 70's.

    Since that time, we have exploding deficits and uncontrolled spending. We have a nation that in many parts of the world is viewed as the Great Satan. The US is on the verge of losing it's sovereignty. The Constitutional Republic is under attack.

    A return to the Gold standard would limit anyone's ability to "manufacture" money out of thin air. We need recognize the doctrine of Human Depravity is alive and well. Gold is honest money that will keep everyone in check. It doesn't mean we will return to honest government anytime soon, but it is a first step to repair a broken republic in need of fiscal discipline.
    Aug 24, 2012. 08:44 AM | 9 Likes Like |Link to Comment
  • Ron Paul, Gold, And Inflationary Expectations [View article]
    As an author ... you really know how to get people excited. WOW. Let me share one thought. The problem we have is that the sovereignty of our (U.S.) Constitutional Republic is under attack. Note I did not say Democracy (or should I say Mobocracy). The USA has lost it's way and like the Titanic is about to hit the iceburg of debt where 90% of the consequences of debt will eventually puncture our ship of prosperity and sink it. It is fiscal mismanagement, corruption and greed in both government and business that is at the heart of the problem. Gold functions as a moral absolute that measures how badly we have veered of course. People do not like gold because it provides us with an honest measure of the state of our Republic. As of this time, we are in need of repentance for having mortgaged the future of our children and grandchildren.
    Apr 10, 2012. 10:44 AM | 9 Likes Like |Link to Comment
  • Here Comes The Pain [View article]

    I agree 100%!!
    Nov 13, 2012. 10:54 AM | 8 Likes Like |Link to Comment
  • Obama Victory Bullish For Gold [View article]
    I agree for one reason:

    "More debt will be the call of the day because the US knows no other way." Our founding fathers have got to be turning over in their graves.

    My real sense is that there maybe a "stampede" into the precious metals markets driven by launching of a FUD missile. FUD stands for Fear, Uncertainty and Distrust.

    I also believe there is a high probability that Israel will move within very short period of time (days) to deal with Iran nuclear threat. This action has the potential to send commodities such as Gold, Silver and Oil to new price highs.
    Nov 7, 2012. 10:43 AM | 8 Likes Like |Link to Comment
  • The Upcoming Microsoft Train Wreck [View article]

    I agree. I have used the Microsoft Windows phone since it's inception on Samsung hardware. I love it. I can do virtually anything with it. What is amazing is my ability to integrate it with everything. Anyone using Windows phone is ready to move to Windows 8 OS with no problem since the GUI is virtually identical.

    People can keep their overly hyped, expensive Apple products.
    Nov 1, 2012. 02:23 PM | 8 Likes Like |Link to Comment
  • Why The Current Bull Market In Gold Is Bigger Than The One In The 1970s [View article]
    Sumit ...

    One comment in addition to the ones I stated above concerns your comment about debt cancellation using Iceland as an example. If we look at Iceland, it is about a $13 Billion dollar economy where as the USA has an economy in excess of $13 Trillion or roughly 1000 times the size of Ireland's economy. Europe is in the same sinking ship as the USA. The size and challenge of the financial situation is beyond words ... the human mind cannot comprehend the size of these numbers. So how much is a Trillion using seconds as an example? Below is the illustration.

    1 Million Seconds ===> 12 Days
    1 Billion Seconds ===> 31 Years
    1 Trillion Seconds ==> 31,709 Years!!!

    These numbers say it all. Gold is going up ... just not sure by how much.
    Apr 9, 2012. 11:23 PM | 8 Likes Like |Link to Comment