The Duck

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

Perhaps the balls are made of brass, not crystal

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!