jailhouselawyer

Are GLD and SLV Legitimate Investment Vehicles?

UNG shareholders pay a TREMENDOUS price every single month due to the very steep contango in NG futures. It's about 20-30 cents a month per contract, which decreases the NAV of UNG and if you're counting on UNG to give you a capital gain after a one-year hold, think again.

The most efficient way to bet on a long-term increase in NG prices is to buy a bull call spread in the futures markets.

Since


On Jul 16 01:55 PM Mark Anthony wrote:

> Trust nobody in terms of ETFs. If you have opportunity to take delivery
> of a commodity, then take delivery and put it under your direct physical
> hold. Don't let some one else watch your precious metals for you.
>
>
> You wouldn't even allow your closest friend to watch your precious
> metals for you, so why would you entrust a bunch of fund managers
> you don't even know who they are, to watch your precious metals for
> you?
>
> You are counting on some one else to do the heavy lifting of handling
> and watching the precious metals, and you needn't to lift a finger
> of yours but just sit in front of a computer and THEY help you to
> make huzzle free money. That doesn't sound right fundamentally.<br/>
>
> The only ETF I hold, and hold massively, is UNG, US Natural Gas fund.
> This one I am unable to take possession of the physical commodity
> (natural gas), nor could the fund management. They hold natural gas
> futures contracts. Do I trust them completely? No way. But do I trust
> them enough to buy? Absolutely. They have monthly roll over of

Are GLD and SLV Legitimate Investment Vehicles?

The author seems to be unaware that (U.S. and U.K.) common law defining "fraud" would apply if fraud is in fact taking place ... and such fraud leads to investor losses.

Have Gold and Silver Stocks Peaked? Challenging the Analysts

If you own 50,000 shares of SLV, you can redeem those shares as one "basket" for 50,000 ounces of COMEX deliverable silver bars. It's all described in the prospctus. When you read about new silver being added to the SLV vaults, people are doing that in reverse and delivering units of 50,000 ounces of silver and getting 50,000 shares of SLV in exchange.

GLD has the same mechanisms for creating and redeeming shares.

Any shareholder of these ETFs should read the prospectus before spouting libelous accusations of fraud. If you're gonna libel them, don't do it in the UK because if you succeed in scaring away investors they can sue you big-time for any harm they suffer as a result.

SunPower, Solar Stocks Hit By Panel Price Prediction

Where will the wafers come from? LDK Solar! By 2009 they will be overtaking MEMC as the world's largest PV wafer maker, and LDK is "vertical" in making the TCS for their own plants and running them in close-loop systems designed and with construction of plants overseen by Fluor, maybe the largest A&E firm in the world?

Who the heck is LDK and how did their poly plants become Fluor's largest project going on RIGHT NOW?

And who the heck is LDK to place the LARGEST ORDER EVER for wafer machinery with AMAT?

And who the heck is upstart LDK to sign a 10-yr, $10 B take-or-pay contract with Q-Cells with Q-Cells paying them 10% of the face amount IN ADVANCE to build the plants needed to deliver the wafers they agreed to buy from LDK?

If Fluor, Applied Materials, and Q-Cells all see LDK as a company that will be here for the long haul, why has short interest in LDK ballooned up to 50% of the float with over 9 months on the Threshold Securities List?

What are they thinking? Is solar power just like the dot-com bom that had AOL and YHOO shares climbing hundreds of dollars a year? Is solar power something like cold fusion or radiation hormesis?

Duh!

LDK Solar, GT Solar Make Nice

They're actually building three poly plants right now, not two.

The first one is 1000 MT. The second one is 5000 MT. The third one is 10,000 MT.

They're also building their own trichlorosilane (TCS) plant to supply silicon feedstock for the poly plants. TCS is dangerous stuff, where even the current world leader in poly production, MEMC, had an industrial accident at one of its TCS plants in Texas recently that may have killed a few workers.

Not many people realize the importance of LDK making their own TCS, which is risky to make as well as to transport. But LDK will be transporting it to their poly plants by pipeline on a highly secure site.

Still, no matter how careful they are, when humans are involved accidents are inevitable. But it's impossible to put a dollar value on that risk. LDK just has to cross their fingers and pray, which has worked by and largefor U.S. nuclear power since 1979 (with some spectacular near-misses only nuke insiders bother to read about).

Hey, anyone know a good source of seismic risk maps for China? China might keep them state secrets.

LDK Solar: A New Business Model

Everything you say is valid except for your $400+ share price prediction which is "anal extraction" as a favorite engineer friend often talks about in informal talks with peers. It's all GIGO, which you should know very well, both for computer codes and the people who use them. And for heaven's sake, please learn the proper use of the apostrophe to signify possession. You sprinkle it all over like a high schooler.

Light the Way with LDK

The "secret" was hidden in plain sight when naked short selling drove LDK from the thre days of $70+ last December all the way down to just below $20. Short sellers in cahoots with Barron's and other media/ANAList manipulators like Jesse Pichel of Piper-Jaffray conspired to illegally manipulate the stock price with naked short selling which gave anyone with the conviction of being able to do their own thinking to accumulate as many shares as they wanted way below $30. If you can't beat them, then at least profit from their stupidity. Short interest in LDK keeps growing because shorts tend to be a very obstinate bunch. But if they couldn't drive OSTK out of business like they did BRLC, then they sure as heck can't drive LDK out of business. The 10-yr multi-billion-dollar contract that LDK signed with Q-Cells was the largest contract ever signed by Q-Cells. More recently, LDK's $200 M purchase order from AMAT was by AMAT's own press release the largest order ever placed with AMAT by ANYONE, EVER! Recently when the price broke to a new YTD high above $56.10, every single one of the short sales made in 2008 became a paper loss to the short sellers who collectively sold short 50% of the float in LDK. Last December it was a rumor of a Siemens buyout that drove LDK up to the $70s for the second time since the IPO. LDK was up 100% in about 2 weeks. LDK is being compared to INTC here, when INTC itself is starting to look at getting into PV electrical generation. Now because China would NEVER allow a foreign company to take over a company like LDK that is vital to their national security, how high would the stock go if people started spreading rumors of another takeover attempt? I think LDK could be up to $200 in a day as the shorts all get stopped out.