Seeking Alpha

Old Rick » Comments » AUY

  • Ten Stocks for the Next Ten Years [View article]
    Innocex, while I'm not a fan of ALL of the picks herein, I think it's you that has much of this wrong. To wit:

    1. There is no political will in the US or the UK to take on inflation a la Volker, Reagan, Thatcher in the early 80s. I don't see the super-Keynesians currently in the WH/Fed/Treasury having the guts to take rates to the double digits level that will be required. Just look at how Volker and Buffett have been marginalized by this group of yahoos (no offense to YHOO). Their responses have largely been to try to reinflate the credit bubble.

    2. Gold/Silver are now far lower than their inflation adjusted highs reached in 1980. Gold would have to go over $2000 to beat July 1980. As far as Silver, who over the age of 50 doesn't long for the good old days of the Hunt Brothers! :-)

    3. The sooner we marginalize the 2% of people (but 60% of the vocal volume) who constitute the "green circles", the better! We need Nucs, Yucca Mountain, CNG, Bakken oil, Tar Sands, ANWR, and expanded off shore drilling to break the Arab/Chavez/Putin oil cartel. Screw the green machine in favor of (not so) common sense. Wind and Ethanol are 2 of the greatest scams in recent history. CNG and new oil are gonna be the bridge to the urban/suburban electric vehicle. As you might guess, I think AGW is a redistributionist fraud, so keep that coal burning baby!!

    4. Can't disagree with you on this one except if my 3 gets done, you could safely short USO, but not my cup of tea.

    Other than that Mrs. Lincoln, the play was great!!


    On Oct 28 10:03 AM Innocex wrote:

    > Poor advice in my opinion, bordering on terrible.
    > 1. Inflation will be curbed eventually, it would be disastrous for
    > any economy to leave interest rates so low. Australia already started
    > raising them.
    > 2. Gold and silver are at multiyear highs so picking them now is
    > foolish.
    > 3. Potash makes phosphate fertilizers and there is a huge backlash
    > against phosphate in green circles.
    > 4. Oil is too volatile for long term safe plays, it takes someone
    > to daily monitor oil prices to make money this way.
    >
    > The only hedge that seems decent in the list is the agricultural
    > one.
    Oct 28 12:10 pm |Rating: +5 -3 |Link to Comment
More on AUY by Old Rick
Comments by Ticker
AAPL, AAUKY.PK, ABT, ACAS, ADM, AFL, AIG, AIV, AKP, AKS, AMAT, AMGN, AMZN, AOB, APAC, APL, APOL, ARVCF.PK, AUY, AXP, AYN, AZN, BAC, BAX, BBT, BCS, BEN, BF.B, BFZ, BLJ, BMY, BP, BPL, BRK.A, BRK.B, BWP, BYDDF.PK, C, CAT, CB, CBG, CCJ, CDE, CDUTF.PK, CEDC, CEP, CHK, CIT, CLX, CMC,
Old Rick's
Comments Stats
212 comments
Rating: 267 (397 - 130 )