The Duck

Paul Tudor Jones: Gold's Undervalued and Bonds Are a Curve Flattener Play

Perhaps the balls are made of brass, not crystal

Norway, Robertson on the Kroner, And Other Reasons to Increase Foreign Exposure

I've been digging around for the best way (for me, that is) to play the NOK's (Norway currency) attractive position.
I just found out that Fidelity now facilitates direct trading directly on 12 country exchanges, Oslo Norway included (as of Thur.). It also allows for holding just the currency or buying and selling the natural resources companies on the Oslo exchange without incurring currency exchange fees on each trade after the initial deposit. I'm looking at the DnB NOR ETF which tracks the OBX (the 25 largest and most liquid co.'s traded), Natural resource companies such as oil,gas, fishing, shipping, alternative energy, etc. You can go with NOK's or stocks or both. The NOK portion does not pay interest. I still have more research to do; but it looks promising.
Anyone else have more info?

Royal Bank of Scotland Comments on Metals and Energy

Marc,
Re: History Buff 24/7's comment about surprise K1's issued by Limited Partnership ETF's.
I explored the option of putting them in an IRA. I was concerned with the consequences of having 'Unrelated Business Income' screw-up my IRA tax deferred status. Apparently not a problem. As long as the income is passive (as a holder of the ETF), the K1 you may receive does not have to be reported. I got the info from Fidelity and a search of Ed Slott's IRA forum (irahelp.com).
I got a good hit using 'IRA ETF K1' as search words.


On Apr 30 10:24 PM Marc Courtenay wrote:

> Good and very helpful comments here. Thanks History Buff. I'm going
> to check out whether some of the ETFs are structured as partnerships.
> Your points are well taken and deserve serious consideration.
> Larry House, your preference for companies like CVX, COP, XOM, RIG,
> and SLB means you are more focused on fundamentals than diversity.
> That's a good thing as far as I'm concerned.
> Williemo: You wrote, " You comment that you are expecting some seasonal
> selling and a surprise pullback may occur, seems to indicate you
> are expecting midterm weakness in these metals before any longer
> term up trend. If so, it might be nice to see a future article or
> comment from you on the best entry point, as now doesn't appear to
> be one" and you are "Spot on!"
> All I can tell you is that gold below $860 and silver below $12 per
> ounce should look pretty cheap a couple of years from now. I like
> to do a systematic buy-in program where I find the support levels
> (like $860 and $820 for gold) and then I accumulate on the way down.
> Historically it is very possible we will see declines between June
> and October, but I can't help but sensing that "this year could be
> different", but as a longer-term investor I wouldn't count on it.
>

Royal Bank of Scotland Comments on Metals and Energy

Nice mouth. Been burned by RBS? Maybe the wound is self inflicted.


On May 01 03:38 AM SOMALIA! wrote:

> RBS better comment on their stock price and how they see themselves
> as a going concern without taxpayers $$$.
> Fuck you, fuck their research.

John Embry: Gold and Silver Are the Ultimate Insurance Policy

Central is listed on the NYSE Alternext - Symbol CEF and the Toronto Stock Exchange - Symbols: Cdn. $ CEF.A and U.S. $ CEF.U
I debated whether to buy CEF.A on the Toronto exchange denominated in $CAD's or buy the NYSE $USD version. Since gold is valued in $USD worldwide, you would gain zero from a Canadian dollar appreciation since the CEF.A price always reflects the current conversion rate.
Also,your $USD's would incur a currency conversion charge when you buy CEF.A and again when you sell. The commission on the the Toronto exchange may be higher.
I think that there is a little too much cooperation between Canada and the US for you to hide there.
If you're really concerned about confiscation (again), buy physical gold.
Since the fund is about 40% silver and 60% gold, you might want to make a bet on Toronto. If you do, consider opening a Canadian brokerage account to minimize the currency conversions. Evaluating the alternatives made my head hurt. So, I just took the easy way out. Good luck.

On Mar 11 09:16 AM yellowhoard wrote:

> I'm guessing that CEF is an ADR. If this is the case, would not the
> shares held here be vulnerable to a government confiscation?

The Gnomes of Zurich Will Have Their Revenge

Ditto! Nice history lesson.


On Nov 21 02:59 PM MikeLovesGold wrote:

> Great article!

Foreign Demand for U.S. Treasuries Is Still Strong

Based on your TBT reference, I went and read many of your past comments. You are kindred.
I have been thinking as you have; but lately I have been reluctant to commit to the 'short deflation, followed by big time inflation' senario. I have not been able to pull the trigger on TBT yet as I watch the long bond yields continue dropping. I know it has to end sometime; but until some sign of increased economic activity causes that huge money supply to jump in velosity, deflation could persist much longer.
I'm frozen 'in the headlights', doing nothing.
Have you found another way, in addition to TBT, to short the long bond?
I will continue to follow your comments.
P.S. Or the Chinese could ask for their money back. That would do it.


On Nov 18 03:35 PM buyitcheap wrote:

> TBT is a good way to play that - if it would just @#(( work!