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old boat guy

old boat guy
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  • Jobless, Housing Data Support the Case for Gold [View article]
    I have been in this site for, probably 10 years, commenting and reading other peoples' perspectives. I am not anyone's favorite (and I am old enough to not care) but I get a really decent share of "pluses," as tho I care. I have watched the population in here change depending on their recruiting--sometimes really bright guys predominate, sometimes, little boys raised by their moms. The later are in here now.

    I just read a comment which is guaranteed to drive me away (along with all those really bright guys from years past): gold is only a concept with value for anglo saxons. This idiot is indicative of what is going on in here: are Indians and the Chinese ango saxons? Are they buying more gold in Sweden or Malaysia?

    This is no longer a place for intelligent and logical discussion. Adieu. And I am sure many of you will be happy!!
    Sep 23, 2010. 06:50 PM | 4 Likes Like |Link to Comment
  • The number of women on Wall Street is declining, a WSJ study says, particularly in the younger generation. In the past 10 years, 141,000 women, or 2.6% of female workers in finance, left the industry; the ranks of men grew by 389,000, or 9.6%. "Unless you’re open about your gender-balance problems," Felix Salmon says, "you’re never going to fix them."  [View news story]
    It's our company, it's our business. You come to Mexico to work for us, well...... We are looking for a man who can work with men.
    Sep 20, 2010. 08:37 PM | 1 Like Like |Link to Comment
  • The number of women on Wall Street is declining, a WSJ study says, particularly in the younger generation. In the past 10 years, 141,000 women, or 2.6% of female workers in finance, left the industry; the ranks of men grew by 389,000, or 9.6%. "Unless you’re open about your gender-balance problems," Felix Salmon says, "you’re never going to fix them."  [View news story]
    Okay, no interest. Our job, with our corporation, paid about $90,000. per year, US in Mexico. We have two silver mines, not public, run by my son. We needed an operations manager, with Spanish. If someone had had a good degree (Berkeley/Stanford), then my son Alex would train to start. Mexico, out of Oaxaca, is a really nice place to live.

    So, no interest at all. No balls. Guys tied to mamas' apron strings. Obviously, no-one needing work of this type in the US (and we have advertised proflically).

    What does this say about the economy: no one needs work???
    Sep 20, 2010. 06:01 PM | 2 Likes Like |Link to Comment
  • Market recap: The Dow, Nasdaq and S&P all rallied to four-month highs after economists officially declared the recession over. The S&P crossed 1130, a key resistance level, and continued to surge past 1140. Nearly all sectors closed higher, led by financials, retailers and energy. Crude oil futures pushed past $75, and gold hit a new high. NYSE advancers led decliners four to one.  [View news story]
    Man, I will sleep better tonight. Thank you keynsian economists. You have been so spot on the money in the past, so honest (brimming with integrity. Now I know my property and savings are safe, and that the fractuous tangible gold I bought and those shares in gold/silver stocks can now be sold at a large profit. Wow, thanks. I have been waiting for this. Back to business as usual.
    Sep 20, 2010. 05:17 PM | Likes Like |Link to Comment
  • Another Strike Against a Gold Standard [View article]
    Talk about "non-sequitor." Bye-bye.
    Sep 20, 2010. 05:08 PM | Likes Like |Link to Comment
  • Market Whispering Its Intention to Break to the Upside [View article]
    Well,you know, the 99-100 stocks being pumped by HFT and the Feds will keep going up. The question is do you own those stocks??

    Probably you don't. You are being duped. Good luck, God send.
    Sep 20, 2010. 05:05 PM | 1 Like Like |Link to Comment
  • My Weekly Market Forecast: September 20 [View article]
    I'll tell you why not to fight the Fed. Because insider selling just soared to a ratio of 290-1. Not only this, but everytime the Fed pumps up the stock market, and we all know 5 bil mon, wed, fri.; then those stuck in the market sell into it. Yes, novice investors are doing what they did in 2008-2009, thinking they are buying into lows. So be it. Ignorance is bliss.
    Sep 20, 2010. 04:50 PM | 2 Likes Like |Link to Comment
  • The number of women on Wall Street is declining, a WSJ study says, particularly in the younger generation. In the past 10 years, 141,000 women, or 2.6% of female workers in finance, left the industry; the ranks of men grew by 389,000, or 9.6%. "Unless you’re open about your gender-balance problems," Felix Salmon says, "you’re never going to fix them."  [View news story]
    Bottom Line: Hire the best person. Unfortunately for men, most today have been raised by women, with the ensuing consequenses.

    Are there any "real" guys out there for my corporation?
    Sep 20, 2010. 04:08 PM | Likes Like |Link to Comment
  • Market Whispering Its Intention to Break to the Upside [View article]
    If I read you correctly, then you are selling into this market. I applaud you. I sold into the market solidly and substantially over the past months. Now I hold only gold, silver and oil stocks.

    The Fed is doing us a favor. Billions in funds have been taken out of the market by smart investors over the past months on government inputs. Billions more will follow.

    I hate to be trite, but. where this government is concerned, you can not fool everyone all the time; the middle classes are being sold down the river to a bunch of elite/oligarchic jerks. While this is not a Democratic or Republican thing, it is an American thing. Obama is betraying us.
    Sep 20, 2010. 03:39 PM | 3 Likes Like |Link to Comment
  • Market Whispering Its Intention to Break to the Upside [View article]
    There is no volume in this market. Period. The market is going up because of electronic trading and because the Fed is pumping money into the market. This am, 5 billion was pumped into the market, more will go in on Wed, and more on Fri, ad infinitum.

    Wake up.
    Sep 20, 2010. 01:54 PM | 2 Likes Like |Link to Comment
  • Another Strike Against a Gold Standard [View article]
    post script: Mr Hui, I think several months ago you were saying that we should all be buying sugar and saving bags of it. Is this because one can eat it, or because it has permanent value, or what. I think that this comment was in your article tracking some prostitute across Asia. Ding. How quickly everyone forgets.
    Sep 20, 2010. 01:35 PM | 8 Likes Like |Link to Comment
  • Another Strike Against a Gold Standard [View article]
    Dana is correct. The reason it is a standard is because it is "inflexible." Krak is right; fiat money appeals to the elite because it allows them to do what they want, eg. print paper money, all the while investing it in tangible assets.

    Gold is money, not a commodity. It is deprecated because you cannot "eat it." Well, WTF, who wants to eat money. Even gold when used as jewelry is purchased because it has value.
    Sep 20, 2010. 01:30 PM | 8 Likes Like |Link to Comment
  • U.S. markets are struggling because of U.S. - not European - issues such as the next mortgage crisis, John Hussman asserts. "The fundamental problem is that we have not, as a global economy, accepted the word 'restructuring' into our dialogue. Instead, we have allowed our policy makers to borrow and print extraordinarily large band-aids," he says. "We have created more debt than we are able to service."  [View news story]
    Quite frankly, I don't want America to be restructured into a global economy. We screwed up our national economy back in the '90s, and we need to remediate. We need to get back to a place where we have something to sell to "them" and they have something to sell to us: we have our guys employed and they have theirs. Begin with the basics, like in football.

    It seems to me, that no one knows whether we should just take care of business back home, or let go and look abroad.I have always found that the important think to do is take care of mine, then move out. I think this nation should do that.

    This country, with Obama and little Timay, is so dedicated to creating some one world situation, which the banks and financial institutions and their employees would just love, that the "RULERS" have just forgot about the rest of us and are focused on this rather than taking care of problems here at home.

    Jun 7, 2010. 06:18 PM | 3 Likes Like |Link to Comment
  • Today in Commodities: I Smell a Correction [View article]
    You know, Mathew, I keep harking back to an article/report you made last week in which you stated that you (to paraphrase) did not know a lot about the gold market, but if gold reached 1250 that you would recomment sellling half of holdings. Fair?


    I have followed you on commodoties for a long time and you are right on. Don't lose your reputation on baseless, silly keynsian stuff on gold and silver.
    Jun 7, 2010. 04:46 PM | 5 Likes Like |Link to Comment
  • The End of the Gold Story [View article]
    This is a mainstream, Keynsian commentator. He and his cohorts missed the terrible problems of '08 and into '09, and have been calling "green shoots" for months now.

    Because of his investments, advice and persuasion, he has to take the stance he does, while probably coming to the slow, bitter, dreadful realization that the beliefs and foundations of most of his life are WRONG.

    Saying that gold is in a "bubble" shows that he doesn't even know what a bubble is (he sure missed the last one); alluding to gold "analists" is ridiculous, these analysts are mainstream MSNBC talking heads or conventional dildoes who don't even know how to spell g o l d.

    If he and his cohorts don't want to buy gold, don't believe in it, then they should not buy gold. Period. Okay by me. He and others have to publish articles like this to supplement what the gov't here and in England are trying to do: control the free market economy in gold by their devious tricks and through insidious manipulations.

    As for me, bring on this "bubble". Physical gold is not a derivitive, or a naked short, or a hedge. IT IS NOT A BUBBLE. Gold is tangible, inherit value--it has been for centuries in all cultures. It scares the hell out of these wimps who want to walow in treachery and fraud and screw the middle classes.

    Read, listen, learn history. Then you will buy physical gold and rest easier for knowing you and yours are safe despite what these punk jerks do.
    Jun 7, 2010. 04:33 PM | 12 Likes Like |Link to Comment
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