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  • Gold miners (GDX -3.2%) take another beating as gold continues to lose its allure amid disclosures of reduced bets by hedge funds, a World Gold Council report showing gold demand at a three-year low, and a surging dollar. For the miners, it's an ugly world of lower production, higher costs and falling prices. At least nine miners hit 52-week lows: NEM -3%, GG -2.7%, AUY -4.8%, HMY -6.3%, AU -2.5%, BVN -1.1%, ANV -7.4%, NG -2.7%, GSS -5.8%[View news story]
    While foreign demand and buying and pricing is the opposite? What is up?
    May 17 03:45 PM | Likes Like |Link to Comment
  • One of the stranger outcomes of gold's collapse is to make gold miners look more expensive, which Nomura says means more downside for the miners. "Lower levels of investment demand have the equilibrium point for the gold price at still lower levels. [If so], the equities should still have further to retrace." It's another down day for South African miners: HMY -5.6%, GOLD -4.5%, AU -4%, GFI -1.2%. (also[View news story]
    NUGT recently had a reverse split of what....six to one? If not for that it would be near extinction from it's haydays of the over one hundred? Fortunes erased by hype..............
    Apr 17 05:25 PM | 1 Like Like |Link to Comment
  • The gold bear market/correction continues with the metal sliding to $1,537/oz., the lowest since last summer. Looking at a longer-term chart, gold has bounced off the low-mid $1,500 level a few times over the last 18 months.  A drop below that would break what the technicians like to call "long-term support." The pattern in silver is similar. GLD -1.6%, SLV -2.2% premarket. [View news story]
    Central banks hording,,,,,gold new highs against the yen,,,,,kinda feel like somethings afoot?
    Apr 12 02:04 PM | Likes Like |Link to Comment
  • With gold prices struggling to shine as a safe haven, Goldman Sachs cuts its gold price forecasts for the second time in two months. Goldman's gold team now sees an average price of $1,545/oz. in 2013 vs. its earlier forecast of $1,610, with prices falling to $1,350 in 2014 from $1,490 expected previously. The move comes a day after Deutsche Bank poured cold water on its own outlook for gold. [View news story]
    Why is it that gold is being accumulated by central banks and on a cost basis is only dropping in the US, not in Europe and Asia, at least nowhere near as it is here?
    Apr 10 08:35 AM | Likes Like |Link to Comment
  • Southern Europe faces a "10-15 year managed depression," is the quote making headlines from a Ray Dalio interview on CNBC this morning. The best moment, however, came when Dalio - bullish on gold - is told by Andrew Sorkin that Warren Buffett won't touch the metal. "Tell somebody who cares," seems to be the look Dalio gives Sorkin in response. [View news story]
    Let's hope ours in managed too........... I'm beginning to have my doubts though. Ask Jimmy Buffet what he things of gold, might sway me more.... Warren never lets out his deepest secrets.
    Sep 21 09:55 AM | 1 Like Like |Link to Comment
  • More FOMC: We'll hear more from Bernanke soon, but further reflection reveals the true power of today's QE3 announcement. By making the asset purchase program open-ended, the onus now falls onto the hawks to assemble the votes to end it. QE could be Fed policy for a very long time. Stocks, gold, silver, and currencies not nicknamed the greenback all seem to have realized this and moved sharply higher. [View news story]
    You didn't miss the boat if you don't have gold or gold stocks or ETF's ,,,, this is just the beginning as the world loses faith in the dollar. The climb began today.
    Sep 13 06:17 PM | Likes Like |Link to Comment
  • Sell Gold Before Bernanke's Address Today [View article]
    Sure glad I took your advice........

    NOT!! and didn't.........
    Sep 13 05:02 PM | 1 Like Like |Link to Comment
  • Gold, silver, and crude are believers - all sharply higher following what's now being interpreted as Bernanke setting the stage for more stimulus at the September FOMC meeting. GLD +1.3%, SLV +2.5%, USO +1.6%[View news story]
    Rest assured that before the election, this administration will take steps to insure that some kind of action is taken to make the economy appear to be out of intensive care, and into the recovery room.
    Aug 31 02:49 PM | 1 Like Like |Link to Comment
  • SA author Christian Magoon reckons Mitt Romney's choice of uber-conservative Paul Ryan as his VP running mate will "beat up the dollar" in the short term and so help gold prices to rally. That's because the choice will prompt "a national debate in the Fall highlighting the poor fiscal state of the United States." [View news story]
    Debating the sad state of our fiscal policy in "the Fall" is a bit late isn't it? It should have been done a long time ago. Having the first sitting president in history who has never signed a budget during his term should be evidence enough that we are heading for the crisis we are all so worried about. What is wrong with highlighting the obvious to the oblivious? "The Fall" is an appropriate term for the verbal wrangling we should have blasted from the headlines of the nations newspapers daily until it was resolved. Our written and televised news organizations should have stepped up where our politicians failed us, to alert the citizenry that their elected officials are failing us. Alas, they too are part of the liberal movement that is responsible for our sad state of affairs.
    Aug 13 09:42 AM | 4 Likes Like |Link to Comment