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TXFLYGUY

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  • The Asinine Gold Sell-Off? [View article]
    We all know how much PM's are manipulated. So, this should come as no surprise.
    Mar 24 10:23 PM | 3 Likes Like |Link to Comment
  • Silver Wheaton: Where Is The Bottom? [View article]
    No inflation anywhere? You obviously have not been to your local supermarket lately...
    Dec 10 10:07 AM | 8 Likes Like |Link to Comment
  • Fastest PMI read in 2013 sends Treasury yields and dollar higher; gold lower [View news story]
    So...where will PM's be 4, 5 or 6 years from now?
    Dec 2 08:16 PM | Likes Like |Link to Comment
  • This Company Is A Steal Under $9 And I'm Buying Again [View article]
    The USA will never become energy self sufficient, at least not with the dems following a liberal agenda. I have to laugh...many republicans are following a liberal agenda too.
    Nov 22 09:55 AM | 7 Likes Like |Link to Comment
  • Silver And Gold: Are New Lows Still In Store Even After Fed? [View article]
    Not going below 18 - 19.
    Sep 23 08:54 AM | 3 Likes Like |Link to Comment
  • Gold set to break under $1,300 [View news story]
    You are correct. Manipulation, plain and simple!
    Sep 13 08:40 AM | Likes Like |Link to Comment
  • Gold's ahead 3% and Silver 5% following Bernanke's dovish remarks last night. GLD +2.9%, SLV +5.3% premarket. The devastated miners look to catch a big opening bounce as well, GDX +5.4%. Copper (JJC) +3.5%[View news story]
    Where are the people who were forecasting $2,500 gold? Are they still there? How many years will it take for gold to reach this number, if it ever does?
    Jul 11 08:57 AM | Likes Like |Link to Comment
  • Gold Continues To Behave Like A Leveraged Long Bond, Not An Inflation Hedge [View article]
    The economy is not in a recovery. "See through retail" dots the landscape. These are the strip mall locations that are void of tenants, with "For Lease" signs in the windows. Jobs growth? For a real sustained recovery, the numbers would have to be well over 400,000 per month on a prolonged basis, and this is to just get us back to where we were. With unemployment hovering around 6 to 7%, we are years (decades?) from recovery. Remember when unemployment was at 4.5%? And remember how the media then was saying we were near a recession?
    Another example of Bizarro World.
    Jul 6 09:08 AM | 7 Likes Like |Link to Comment
  • It Could Be A Long Summer Ahead For Gold Bulls [View article]
    This is what we can expect now that we live in Bizarro World! Basic fundamentals no longer apply, and those who think the dollar has long term strength are either myopic, or they are on crack.
    Jun 30 10:38 AM | 6 Likes Like |Link to Comment
  • Gold's (GLD -0.9%) tumbled to new bear market lows in the last few minutes, now just a few dollars above $1,200 per ounce. When all else fails, check with the technicians - one isn't seeing support until the $1,150 area. [View news story]
    If the $1,000 threshold is busted, look out below! I only hope to hang on and that PM's will recover within the next 7 years.
    Jun 28 08:05 AM | Likes Like |Link to Comment
  • As if gold mining stocks aren't facing enough headwinds today (I, II), Credit Suisse downgrades Barrick Gold (ABX -6.4%) to Neutral from Outperform with a $20 target, saying ABX needs to provide clarity on the path for Pascua and for handling asset sales and its financial leverage. Also downgraded to Neutral at CS: Silver Wheaton (SLW -5.3%), Pan American Silver (PAAS -1.9%). [View news story]
    I should have listened. I now am riding the elevator all the way to the basement...
    Jun 26 02:47 PM | 3 Likes Like |Link to Comment
  • Gold's (GLD -1.1%) back under $1,400 as the Reserve Bank of India clamps down further on speculative purchases by restricting import of the metal under a deferred payment plan. The restriction had previously only been applied to banks. The country likes gold, but produces very little, making it an important importer. [View news story]
    Is it just me, or does this look like a form of manipulation?
    Jun 4 01:37 PM | 1 Like Like |Link to Comment
  • India's appetite for (now cheaper) gold (GLD) drives the country's trade deficit 70% wider in April as precious metals imports more than double Y/Y. The deficit came in at $17.8B last month, up from $10.31B in March as higher import taxes on gold fail to arrest voracious demand from the world's biggest consumer. The country's trade secretary calls the figures "surprising." [View news story]
    India is doing what? Buying gold you say? Is this a private party, or can anyone join in?
    May 13 07:27 AM | Likes Like |Link to Comment
  • The stronger dollar has precious metals resuming their decline in force (or is the decline in precious metals strengthening the dollar), with gold (GLD) off 2.3% and silver (SLV) off 2.2%. Crude oil (USO) pulls back a bit from its recent big rally, -0.9% to $95.53. [View news story]
    This alone is inflationary. The run up in equities is simply being fueled by the Fed. This can't go on forever...or maybe it can?
    May 10 07:57 AM | 1 Like Like |Link to Comment
  • What Do Soaring Call Option Premiums Mean For Gold And Silver? [View article]
    30 years? Not really. I got into PM's in 2008 and have stayed the course. The ride has been bumpy, but we are way ahead today, even with the recent correction.
    Apr 26 09:07 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
43 Comments
108 Likes