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  • Hi-Ho Silver  [View article]
    Who is John Galt?

    On Feb 15 12:15 PM HATEFEEBAY wrote:

    > I do not think you will see either for a LONG time my friend. I live
    > in the USA and here people have lost faith in the government. There
    > is an air of distrust in the currency by the educated. I am a Wharton
    > School Alumni myself, watch CNBC, trade a lot in the market and went
    > all into silver and gold and dumped all equities. I am also into
    > physical holdings too, as the dollar will fall and fall quickly and
    > sadly I am preparing now. The inflation that will hit the USA is
    > already starting in food prices despite commodities coming down.
    > I truly wish I was not a gold and silver bug, but at this time I
    > feel like I do not have a choice and even as I profit from my silver
    > and gold/silver mining double ETF, I will be pulling money and buying
    > physical gold/silver/platinum. This is a sad state of affairs, but
    > my level of confidence is below zero here in the USA. Gary
    Feb 15, 2009. 12:45 PM | 1 Like Like |Link to Comment
  • Major Investors Piling into Gold  [View article]
    I prefer "buy low, sell high" better.
    Feb 15, 2009. 10:17 AM | 7 Likes Like |Link to Comment
  • Hi-Ho Silver  [View article]
    I've noticed a very clear relationship between the early ups or downs of miners and followthrough with the physical metal. Pull up a 2 year chart of GLD and most any gold miner and you'll see about a 1 to 2 week lag in the metal vs. the miner.

    I'm long miners and physical, but have taken some profits in the last several days. Looking to get back at around $850 gold and $11.50 silver.
    Feb 15, 2009. 10:12 AM | 2 Likes Like |Link to Comment
  • The Amazing Dollar-Gold Relationship  [View article]
    I agree Roger. I think that the dollar and gold are being bought side by side with each hedging the other. If I were managing hundreds of billions of euros or rubles and I had to hide somewhere, I sure as hell wouldn't park it all in US dollars without taking out an insurance policy in gold.
    Feb 15, 2009. 10:02 AM | 4 Likes Like |Link to Comment
  • Why Does the CIBC Slam Silver?  [View article]
    Watch out for huge physical delivery in March. From what I've gleaned, it's on the way.
    Feb 15, 2009. 09:56 AM | 1 Like Like |Link to Comment
  • How to Preserve Wealth in a Socialist Economy  [View article]
    I've been looking towards Canada as a possible safe haven. There is no inheritance tax and a five year grace period for non Canadian cap gains. The country has enormous resource wealth so the currency should improve relative to the US dollar. Granted their taxes are high now, I see them as being reasonable five years out.

    When the bill comes for this orgy of spending, we will have 80%+ marginal rates. At that point, you might as well be a slave.

    Any Canadians out there to give me advice?
    Feb 15, 2009. 09:49 AM | 6 Likes Like |Link to Comment
  • Silver: The Other Precious Metal  [View article]
    I'm looking for a pullback in GLD and SLV to the end of Feb. Load up 10% below where we closed Friday.
    Feb 14, 2009. 04:29 PM | Likes Like |Link to Comment
  • Now's a Great Time to Hedge Your Gold Bets  [View article]
    I like where your head is at. For the next couple of weeks, short GLD and go long PGM or PTM. However, watch out for a big move in GLD in March.

    On Feb 14 02:48 PM Alphabet Super wrote:

    > Hi All,
    > I am fairly new to investing and only have a small amount of money
    > at work right now. Because of this I feel that I am fairly tolerant
    > of risk. I have been playing UUP (long USD), DZZ (double short gold),
    > and GDX for the past year with pretty good results. I am currently
    > in GDX and recently bought some PTM (long platinum ETN). My reasoning
    > behind this is the fact that Platinum has not been this cheap relative
    > to Gold. For the most part Platinum seems to follow Gold at 1.5-2.5
    > times. However, in the second half of 2008 Platinum prices dropped
    > three times as much as gold; the ratio is now close to 1:1. I understand
    > that this is in part due to the declining auto industry, but I wonder
    > if platinum is undervalued at this point. Now that Gold and Platinum
    > have both been heading up for the past three months it seems like
    > PTM is accelerating to the upside compared to GLD or GDX. Global
    > auto sales have increased the past two months. Because of this I
    > like PTM very much. Any thoughts or opinions would be greatly appreciated.
    Feb 14, 2009. 04:08 PM | 2 Likes Like |Link to Comment
  • Jim Rogers on the Economy - Bearish on Stocks and Government  [View article]
    Wow! These personal attacks from the left truly define what we are up against over the next several years. Ad hominem attacks seem to be the only way the "enlightened class" can rebut thought that they cannot counter logically.
    Feb 14, 2009. 09:57 AM | 8 Likes Like |Link to Comment
  • A Lesson from TIPS  [View article]
    Good article.
    Feb 14, 2009. 09:03 AM | Likes Like |Link to Comment
  • Gold: How the Market Has Changed  [View article]
    "People have no money?"

    Trillions of dollars are sitting in bank accounts and getting negligable interest paid. There will be a tidal wave of cash moving into gold when average Joe starts to realize the train is leaving the station.
    Feb 13, 2009. 10:11 AM | 3 Likes Like |Link to Comment
  • Will Big Money Interest Propel Gold over Its Final Hurdle?  [View article]
    Good article. I could not agree more.
    Feb 13, 2009. 09:22 AM | Likes Like |Link to Comment
  • Now's a Great Time to Hedge Your Gold Bets  [View article]
    Watch out for physical delivery in March. We will probably consolidate here, but I'm looking for a substantial move up in March. You don't want to be on the wrong side of this one.
    Feb 13, 2009. 09:06 AM | 8 Likes Like |Link to Comment
  • Gold's Current 'Message'  [View article]
    Let there be no doubt, Obama was not looking for sound economic advice when he selected Gregg for Commerce Sec. Obama merely wanted the veneer of moderation in his cabinet. By making clear that Rom E. was going to cook the census, the administration dissed Gregg before he was even confirmed.

    My guess is the Obama team realized they did not need to strip away a GOP senate seat to pass their package when Collins, Snow and Specter crossed the aisle.

    Obama is not a consensus builder. At Harvard Law there were no conservatives. In Chicago there were no conservatives. In the Illinois senate, he voted present. In the US senate, he was the most liberal seat in the chamber. Why would anyone think that he has a penchant for bi partisanship?

    The Dems are not interested in recovery or infrastructure. They are burying their roots so deeply that we won't be able to tear them out of office no matter how bad the economy is. Watch for 10 million new voters through amnesty. Watch for felons being given the right to vote. Watch for Acorn to get massive funding for more voter fraud.

    This has been a velvet coup. We will never have a viable two party system again.
    Feb 13, 2009. 08:57 AM | 8 Likes Like |Link to Comment
  • Dollar Rises, Gold Stays Up  [View article]
    Any bets on S&P 500 staying above 800 today? I believe that the government has drawn a line in the sand at 800. If the 500 moves below 800 and then closes below 740, the insurance industry will start to go bankrupt. Then we'll have problems.

    Watch the 800 level for government manipulation of futures.
    Feb 13, 2009. 08:36 AM | 1 Like Like |Link to Comment