Randle Patrick McMurphy

Randle Patrick McMurphy
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  • I'm An Irrationally Exuberant Investor In Tesla  [View article]
    Cry "Tesla" and let loose a giggling avalanche of green planet geeks, enlightened San Francisco self-proclaimed ecologists, and a wave of worshippers at the feet of Saint Musk.

    A little too much enthusiasm for the company or stock?
    May 24, 2013. 11:32 AM | 2 Likes Like |Link to Comment
  • Orders For Gold Go Unfilled In Asia  [View article]
    Check it out:
    The Royal Canadian Mint has unveiled a new product: a one-ounce silver coin with a legal tender face value of one-hundred dollars (Canadian) that they are selling for one-hundred dollars.
    Nifty: you have no downside in Canadian dollars, and if silver rises over $100/ounce (not this week!), you have a profit.
    May 16, 2013. 04:50 PM | 2 Likes Like |Link to Comment
  • Alan Abelson Died: Lives On Through A Generation He Defined  [View article]

    Alan was a kind, humorous, humble man the likes of which we sadly will not see again. His column was a manual for how to look at life, living and investing with a discerning and healthy skepticism, but always with a wry wink and a nod to his fellow man.
    Those who have read his column for years (decades, like me) will sorely miss his voice--a welcome solid refuge in a changing world.

    Thank you for the kind eulogy.
    May 14, 2013. 07:35 AM | 2 Likes Like |Link to Comment
  • Escape Strategies For When The Stock Market Starts To Burn  [View article]
    Another great article Parnell, and of course the market is synthetically high:
    You go to the supermarket and pay stupid high prices for food--but you gotta eat.
    You go to the gas station and pay stupid high prices for gas--but you gotta get to work.
    You go to the stock market and pay stupid high prices for stocks--but you gotta, er, you have to, uh...
    Guess I'm going back to work...
    May 13, 2013. 08:00 AM | 2 Likes Like |Link to Comment
  • Precious Metals: Last Chance To Buy Or Last Chance To Sell?  [View article]
    When government financial policy makers decide that their proscribed function of defending the dollar is more important than lathering up their buddies on Wall Street with favors, precious metals prices will retreat.
    (Well look at that--a flying pig...)
    May 12, 2013. 07:14 AM | Likes Like |Link to Comment
  • Sell Your Platinum To Buy Palladium  [View article]
    Look at the APMEX website, click "Palladium" and there are choices. The most liquid item are the 1-ounce bars, with PAMP being the most internationally recognized at this time. However, premiums are very steep.
    If you can swing it, and want to buy a kilo bar (32.15 troy ounces), APMEX has them at $3/ounce over spot--a great deal, but they offer no guaranteed buyback.
    APMEX is a pretty good company if you are buying over 10K--customer service is excellent, and you should call them to order, don't use the website. Also, send them a wire or a check--their credit card vig is steep.
    May 12, 2013. 06:56 AM | 1 Like Like |Link to Comment
  • Sell Your Platinum To Buy Palladium  [View article]
    History is on platinum's side. Investor demand is non-existent for palladium as opposed to platinum. If graphine-cobalt processes are finally incorporated in catalytic converters, watch your palladium fall to $50/ounce, while the small, closely held platinum hoards worldwide retain their value.
    Platinum is used in far more industrial applications outside of catalytic converters than palladium, and is totally indispensable for diesel emission control, a large part of the European car and truck fleet.
    Palladium may prove to be a good trade. Platinum a good "forever" holding.
    May 8, 2013. 02:15 PM | 2 Likes Like |Link to Comment
  • Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get  [View article]
    Why is gold a long-term possession?
    When I was a kid my old man had two US $20 gold pieces hidden in a desk drawer.
    Once in a blue moon he would take them out so I could hold them and look at them. We all sat down to dinner each night, which Mom cooked, and we thanked the Lord before we dared to pick up a fork. We watched Leave it to Beaver on the black and white TV, and on Saturdays all us kids got out our balls and mitts or our Flexible Flyers or our Schwinns and spent the days and our youth having true adventures. We were not rich, but we were happy.
    And now here we are, in the Brave New World. Everything has changed. Precious few things remain as they were.
    Well, now my son has those two gold coins, which, once in a blue moon he takes out to show his kids, and soon their kids.
    Is he going to sell them? You tell me.
    May 4, 2013. 07:56 AM | 2 Likes Like |Link to Comment
  • I've Never Owned A Rolex, But Maybe It's Time To Invest In Taubman  [View article]
    An eye opener about Taubman. Certainly a company to watch.

    As for the the Rolex--what a damn headache--its like owning an old Fiat.
    (FIAT stands for Fix It Again, Tony...)
    Apr 29, 2013. 10:03 AM | 2 Likes Like |Link to Comment
  • Sprott Asset's John Embry: Has The Gold And Silver Bull Market Ended?  [View article]
    Nothing like interviewing the fox about hen-house security...

    As good as most articles have been about the gold and silver market here at Seeking Alpha, this guy has a whole dog pack in this hunt--the ads in the sidebars are just as useful as his tired and thinly veiled advertising.

    The gold situation at this time is very interesting. Self-promotion of a useless "management" company ain't...
    Apr 27, 2013. 07:31 AM | Likes Like |Link to Comment
  • It's Almost May, So Go Away  [View article]
    "It's almost May, so go away."
    That's what I told my deadbeat son-in-law who's been camping out with my daughter in our guest bedroom for two and half years. Will you tell them please?
    Apr 26, 2013. 10:30 AM | 7 Likes Like |Link to Comment
  • Record Demand Lifts Gold Prices, U.S. Mint Suspends Sales  [View article]
    There is a demand for physical gold and silver bars and coins at this time that is the greatest in 33 years. CNT, A-Mark, MTB, Dillon & Gage, (all U.S. Government certified precious metals suppliers) are swamped with unprecedented backlogs.
    The US Mint, Royal Canadian Mint, Perth Mint--all backlogged.
    Johnson-Matthey, PAMP, Tanaka, Credit Suisse--ditto.
    Dubai Gold Exchange, Shanghai Gold Exchange, and on and on, all deep net buyers of physical.

    At first I thought this was just the last of the retail tourists buying into a head fake. Nope--this is a major demand shift for physical metals and it counts.
    Apr 24, 2013. 06:55 PM | 3 Likes Like |Link to Comment
  • My Definitive 17 Cardinal Rules For Investing Success  [View article]
    Cardinal Rule #18:
    Don't tell your wife that you lost money. Ever. Sympathy will not be forthcoming. Neither will intimacy. This leads to...
    Cardinal Rule #19:
    For your own mental and physical well-being, consider buying your wife jewelry, not equities...
    Apr 21, 2013. 05:45 PM | 2 Likes Like |Link to Comment
  • World Physical Gold Demand Goes Parabolic  [View article]
    Make no mistake, the lines out the door will end, the supply shortage will ease and gold and silver will begin to retreat from the front pages.

    But those who wish to own gold as an asset will always have strong hands into the future and price for this segment of the population is secondary.

    Face it. Owning gold is just flat out cool.
    Apr 21, 2013. 10:19 AM | 1 Like Like |Link to Comment
  • 5 Reasons Why I Am Shorting The Market  [View article]
    Reason #6 for getting out stocks immediately:
    My wife, who threatened to make my life a living hell if I don't stop losing our money in the market.
    I tried to convince her that it was E*Trade's fault. Didn't work--fell on deaf ears.
    My laptop and my clothes are being thrown out the bedroom window as we speak.
    You don't need to be Warren Buffet to figure out what to do next...
    Apr 20, 2013. 04:08 PM | 2 Likes Like |Link to Comment