coldcall

Gold Analysts Are Far from Gold Bugs

Analysts? Who cares!

They have got it so wrong over the last few years its almost laughable. In fact i rate the average private investor as far more knowledgable, prudent, and realistic than the majority of mouthpiece analysts who have become an embrassment to the human race.

Private investors who only put their own money on the line get it right more often than the Wall St doofus brigade.

Is Canada a Low-Beta Emerging Market Play?

I think CCO (Cameco on the TSX) and other Uranium plays are good for the longer term.

At some stage the world may decide that next generation nuclear plants are the lesser evil compared to oil, coal and perhaps even nat gas. Solar could unseat nuclear but it will take proper solar farms. Wind is really an inefficient joke.

In fact had the environmentalists of the 70s and 80s not made such a stink about nuclear plants we would have a far smaller carbon footprint today. So many of the folks going around moaning the loudest about global warming today were probably demonstrating against nuclear years ago. How ironic.

Is Canada a Low-Beta Emerging Market Play?

Okay being Canadian i may be biased but i believe Canada has a lot to offer right now. I agree that Canada is an excellent way to safely play the emerging economies because not only is Canada rich in natural resrouces of just about every variety, Chinese businessmen have strong connections with Canadian businesses. ie Husky Energy
Many Canadian companies are now dual Chinese such as:

Hangfeng Evergreen
Migao
Quadra Mining

and many others. These businesses because of the Chinese connections will have an advantage in emerging markets in Asia.

And of course as was mentioned Canadian banks are the safest in the world at the moment.

Go Canada!

Market Outlook: Bill Gross Has It Exactly Right

Well i think a good balance between bonds and equities is the right way to hedge at the moment.

And i also think one should not just have the gold stocks but some other cyclicals like oil as well as some defensive stocks which have clearly underperformed the rally since March.

Currently ive got a nice balance of all those things and im finding it is a very robust portfolio, nothing is ever all up or down but always a mixture of up and down.

Time to Switch from Corporate Bonds to Equities?

Its amazing the amount of articles encouraging people to move from high grade bonds to equities. An avalanche of them!

How Will Markets React to a Dollar Rise?

The dollar may rally now and again but i think the trend has to be downhill eventually.

The Fed is staggering the dollar's decline so there is no absolute rout, but down it will go nevertheless because there is no other way out of this mess for the US economy.

If the Fed wanted a stronger dollar they could make it happen easily by engineering small financial shocks and not providing an ultimate backstop to the whole system. But they havent which sort of indicates they arent worried about a dollar decline.

However they clearly are pouring fuel into the system through QE in order to reflate the economy so they are looking for a slow dollar devaluation, so that servicing US debt will be more manageable.

And for the so-called global rebalancing to occur, the world needs a weak dollar from a systematic point of view, though its understandble that sentiment is not felt on a local national level by large exporters into the US. But the Chinese, Japanese and Germans will have to learn to live with stronger currencies relative to the US dollar.

I see no other option other than the dollar must fall.

Corporate Bonds: Steer Clear Right Now but Buy on Weakness

Problem is selective investment grade corp bonds still offers yields far more attractive than gov bonds, and while prices may fluctuate i dont see a crash in corp bond prices unless the equity rally took off afresh.

People talk about all the cash on the sidelines but i think a lot of it is sitting in high grade corp bonds, its been and remains amongst the safest calculated risk investment with a reasonbale ROI, considering present circumstances.

Market Reaction: The RIM Lesson

The market always over-reacts and good thing to because then it presentats buying opportunities.

I will be loading up on RIMM once the red stops. There is no way that on the results and forward guidance announced yesterday, the business is worth 10-15% less than it was before the results were announced.

I'm thinking there must have been alot of stop losses which automatically transacted when the sell-off occured afterhours yesterday.

Pondering Cramer's Call to Issue More U.S. Debt

yes Cramer is more pathetic than we thought already!

The only guy on CNBC i pay any attention to is Rick Santelli. Okay he is a little over the top but he usually knows what he is talking about.

Bill Gross: Sell Equities, Buy Treasuries

Edward,

You could be right as i dont track US bond prices so closely, but canadian government and corporate bonds have had a major rally since last october. I assumed the US market would have enjoyed the same dynamic, apologies if i am in error.

As far as i can see alot of the so-called "money on the sidelines" is currently locked up in both gov and corp bonds.

On Sep 22 07:50 AM Edward Harrison wrote:

> coldcall, I have to disagree on one minor point. Only higher risk
> bonds have had a tremendous rally. if you recall, 10-year treasuries
> were approaching 2 percent yields late last year. So, treasuries
> had an enormous sell-off. It is the high-yield area that gross is
> saying to take profits in where the rally occurred.

We Need More Debt? Ken Fisher Says Yes

Fisher is shilling for the central bankers who are now claiming that we are all being too thrifty and ruining the economy by not going back to our old ways spending like drunken sailors.

Let Fisher over-leverage himself if he wants, but his advice is whacky.

Bill Gross: Sell Equities, Buy Treasuries

I agree with Chap08.

Just to add i think it sort of odd to be touting bonds at the moment when they have enjoyed one of the greatest rallies of history over the last 12 months.

Perhaps Mr Gross notices many people pulling out of the bond market, or at least taking profits, and he is doing his best to protect the value of his bond funds.

Another reason i dont put much store in PIMCOs views is their behaviour towards private CIT bondholders was shocking (particularly their shoddy little agreement with CIT offering bondholders a tender under ridiculous terms).

PIMCO will always look to save their own skin whether or not the strategy used to do so protects the fiduciary rights of bond holders.

Sorry but i would not put a penny into a PIMCO fund. Just my personal opinion of course.

Silver Wheaton: The Safe Alternative to SLV

I like SLW just because they have come at mining with an innovative take with their streaming model.

Long SLW - even though getting a little battered last few days :-)

A Market Rally in Monopoly Money

Michael,

Interesting point you mention about the threat of negative interest rates in order to get everyone spending and borrowing like druken sailors again.

In fact here in the Uk the government has already started lecturing us ordinary folk that we are now saving too much and not borrowing enough. In other words, its all our fault that the economy isnt picking up as expected :-)

Check this out in today's Telegraph: (BOE warns against thrift!)

www.telegraph.co.uk/fi...









On Sep 21 06:13 AM Michael Clark wrote:

> Another good article, J.S. So the Fed is giving with one hand (stock
> appreciation) and taking away with the other (dollar depreciation).
> So this stock rally is designed to make us feel good, good enough
> to throw our savings back into risky assets like housing or stocks.
>
>
> Wait until the negative interest rates come: to penalize American
> citizens for saving. This will be the final act of cowardice -- and
> should be considered a second 'shot heard 'round the world': the
> declaration of a governmental tyranny that must be resisted with
> force.

BlackRock's Evy Hambro on Gold

Really? Perhaps lower gold production is one factor but to claim its the major driver of the rise of gold is buffoonery! Has Evy ever heard of the US dollar/gold correlation?

But hey, thanks for reinforcing my already low opinion of professional advisors.

Thanks but I'll keep my own counsel as its provided me a better return than any silly advice from Blackrock.