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  • Calculating Free Cash Flow: 5 Illustrated Examples From Actual 10-Ks [View article]
    Hmmm - nice piece Geoff.

    However, I felt you could have stressed a little more the effects of the words "stepped" and "discretionary" or "variable". My reason? Because these are (ultimately) the big words in understanding underlying cost behaviour in that they describe the things that break the extrapolations at either end of the scale.

    That said, I thought the piece a great stab at a dry topic.
    Dec 27 08:41 AM | 1 Like Like |Link to Comment
  • Still Interested in Getting Physical With Gold? [View article]
    Physical for me every time.

    Also, take a look at the performance of Phys a little more closely - you will find that most of the increase in the gold price has been stolen by the managers to pay underwriters and expand the fund in line with their political objectives, but being a "closed end fund" under trust, there is no opportunity for unit holders to force them to account.

    They have undertaken two new issues since April, the initial subscription, and both have been to take the cream off the premium such that investors in May 2010 have ONLY JUST BROKEN EVEN!

    These funds are effectively unregulated - you have been warned.
    Nov 6 02:30 PM | 1 Like Like |Link to Comment
  • Gold’s in a Mini-Mania, Not a Bubble [View article]
    Analyste de Boston et al

    In amongst all the salami slicing attempted definitions of where we are and why we should/should not do PM's, it is as well to remember that Gold is a bet against ALL fiat currencies, not limited to the USD. Hence my notion that risk pricing models are inapposite and useless in this situation. I hold Gold against catastrophic collapse and have little interest in the currency value except to get a little depressed sometimes (2007) but it passes!

    Good luck to us all - the bond market may soon collapse, an event potentially more catastrophic than any other I can imagine.
    Oct 27 08:35 AM | 4 Likes Like |Link to Comment
  • Gold’s in a Mini-Mania, Not a Bubble [View article]
    Everyone has grown a negative except (drum roll here)..... analyste de boston (financial adviser and self vaunted producer of 40% returns) and one comment from Indiana Mark which was probably in transit as the negatives were rolling. Under this scenario the voting serves nothing at all.

    Go Figure
    Oct 25 02:49 PM | Likes Like |Link to Comment
  • Gold’s in a Mini-Mania, Not a Bubble [View article]
    Loved this comment - this is what I do too.
    Oct 25 01:17 PM | 1 Like Like |Link to Comment
  • Gold’s in a Mini-Mania, Not a Bubble [View article]
    Great article.

    Right now, I feel there is a good deal of sour grapes coming from the bubble brigade - mainly because as financial services workers/professionals they were too foolish or too greedy for commissions to recognise the importance of gold to their clients portfolios: it is an apparently "simple" asset which does not generate commission or dividends, yet has much subtlety and truly majestic defensive power.

    The detractors now hold the position where they either have to find reasons why it will not go higher, and risk looking increasingly stupid if it does so, or capitulate and recommend. The third course of suggesting their clients short it would not I think prove popular.


    Going lower? - so short it down to Antarctica if you can... though you might be better to lay off that skunk weed for a while.

    Going higher? Even in a bubble - trade it surely: buy according to the strength of your stomach and speed of your reactions.

    Do nothing?........... say hello to Benny and Timmy, they are your new best friends.
    Oct 25 09:34 AM | 1 Like Like |Link to Comment
  • The Foreclosure Mess: We All Need to Calm Down [View article]
    Perhaps someone among the apologists and Pollyanna's who seek to minimise this debacle can tell us just how it is that the borrower has not been severely hurt in much of this, and just how it is that the hurt borrower's position is to be made whole?

    Short of such an explanation, damn the bankers and the tortured sick souls who thought that ordinary folks' homes should be just another chip on the gaming table, and damn their gross, dehumanised institutions too. They should have been out of business two years ago.
    Oct 10 11:11 AM | 1 Like Like |Link to Comment
  • Seriously, The SPDR Gold Trust Isn't a Scam. But PHYS Might Be [View article]
    You can add to the list of woes the fact that they have taken the price down from 12.60 - the NYSE:ARCA close 25/05/2010 to 11.50 (the proposed issue price) 10 minutes later.

    As an early suporter of this fund I have lost heavily because of this, and for a fund which is I think less than three months old, I would question the legality of having made no mention of the intention to issue new shares in the initial prospectus. In my opinion this was dishonest.

    To receive this treatment at the hands of a GATA leading light - Eric Sprott, and John Embry are both GATA directors - is both galling and bizarre. Talk about hypocrisy. As part of this plan to strip away shareholder value they also plan to give away another USD 30 million to the abtsmal market making RBC capital markets who have no doubt been trading this from the inside for some time now.

    Be sure here, this is a fund which is run for the benefit of the fund managers and their cronies, not for the investor. Rather than bang on about JP Morgan Chase on the ever uncritical King World news most recently, Eric Sprott ought to put his own house in order. I hope the TSE and possibly the RCMP investigate the front running, insider dealing, and possible reckless and negligent management practices.

    I for one will be calling for this.
    May 26 05:53 AM | Likes Like |Link to Comment
  • The Failure of TARP [View article]
    All true, and very well said.

    - So is it not the case that regardless of other successes or failures, intervention has achieved at least one very bizarre consequence. It has ensured not only the survival of the "too big to fail" but also their non-competed access to a whole new world of marketplace manipulation. Such as JP Morgan and Goldman have been let loose to seek their prey on a promise of "good behaviour".

    What a hoot! Free to do as they will, provided there is no mention of CDO's or CDS's, it is small wonder that they are now accumulating the spoils of new variant activities like a combine harvester in a field of wheat. Excuse me a moment - I have to go check Obama and his UK counterpart Brown for an active pulse.

    Too late - Sants has just thrown in the towel in the UK regulator's office before the job puts him at odds with his next paymaster, and Heli Ben looks to be fast asleep after gorging himeslf on adulation and rpturous attention of the career building functionaries. The top men are indeed awake, but have shifted their attention to electoral survival rather than practical crisis fixing

    It is an outrage that any of these vandals are allowed out of the room before they have come clean about their activities, and also paid their bill. We could sorely use a modern day Alexander Pope to create for us a Dunciad of the financial world - then at least we should never mistake wealth and power for wisdom or generosity
    Feb 12 12:07 PM | Likes Like |Link to Comment
  • Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse [View article]
    I really do not think it wise to use the words "Spain" and "renewables" in the same sentence "investment" simply makes it worse - what is that dictum now? - "when you are in a hole, stop digging" as I recall. Europe will come unzipped if the paymaster - Germany - refuses to settle the bills.
    Feb 7 10:04 AM | 6 Likes Like |Link to Comment
  • Think the PIGS Are in Trouble? These 7 U.S. States Could Be Heading for Something Worse [View article]
    Is anyone able to interpret "crude gold"'s bizarre rant so we can all share the enlightened insights? On second thoughts, don't bother to even try - he just missed his medication and I think he must have been touching himself when he wrote his "contribution".
    Feb 7 09:57 AM | 1 Like Like |Link to Comment
  • U.K. Economy Struggling; Sterling Gold Testing Resistance [View article]
    Gold and Silver would be much more attractive were it not for the efforts of JP Morgan to prop up the ailing dollar with sustained and massive illegal shorting
    Jan 26 10:36 AM | 2 Likes Like |Link to Comment
  • The Truth About Goldman and AIG Becomes Clearer [View article]
    How could the US and UK condemn their countries to financial servitude just in order to preserve such worthy institutions as GS and AIG? History will surely condemn this unprincipled weakness. The currency collapses which cannot now be avoided will stand as a testimony to this futile spinelessness too.

    The circumstances beggar belief and description. How is it possible that there was no precondition of any funding, in either jusidiction, that there should be full access to the books and records of the recipients of funding until such time as the elected administration should decide otherwise? We, the taxpayers, have become the unwilling subscribers to serial financial rape.
    Dec 13 09:51 AM | 16 Likes Like |Link to Comment
  • Money Supply: The Myth of Hyperinflation [View article]
    I got deleted too, and like you I was so incensed that I posted the same once more, a different way.

    Given that this article/research is actually a work of fiction - in that it is intended to offer opinion based on analysis, but nothing is cited except opinion - we should deplore this garbage stridently and often. If the author feels maligned he should put up a detailed defence of his POV for acknowledgement or ridicule according to its content - so come on Mr Sunshine - put up or shut up.

    On Sep 04 02:10 PM Ergo wrote:

    > So I notice my post got deleted - where I said this article would
    > make an ironic example in a few years, that I'd save a link so it
    > doesn't get forgotten (which I have), and that the author is pumping
    > Sunshine - just like he always does in his articles.
    > That's not a personal attack or name calling, but a fair and accurate
    > commentary on the content and likely motivations behind it (IMO,
    > these articles do not appear objective). If there's something so
    > awful that it deserves being deleted, please let me know. Or does
    > SA delete posts that point out the obvious, if someone doesn't like
    > confronting it?
    Sep 4 05:38 PM | 2 Likes Like |Link to Comment
  • Money Supply: The Myth of Hyperinflation [View article]
    My previous got deleted - here is another go.

    This article is poorly researched (800 million to fund 80% of the Fed??? policy objectives). Order of magnitude error with the numbers here.

    It is opinion backed by no fact - there are no numbers worth the name.

    Sunshine I repeat has to be a joke surname for a person with a PollyAnna outlook.

    Last, whenever ANYONE uses the percentage 80 unsupported, I assume it is purely their invention and challenge them to build thqt number with a quantified list of values. Shame on you Seeking Alpha if you delete this again.

    The bad side of this forum is that it gives big space to this sort of stuff which would have been better authored by H C Andersen. Perhaps Mr "Sunshine" is related to someone in the Bernanke Helicopter Company?
    Sep 4 05:20 PM | 1 Like Like |Link to Comment