It May Be Time to Short Gold and Buy Gold Equities [View article]
"I know what you're thinking. "Did he fire six shots or only five?" Well, to tell you the truth, in all this excitement I kind of lost track myself. But being as this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?" - Dirty Harry..
Well, you gotta be feelin' pretty lucky to be shorting gold this time around.
"Gold's problem is that it is not directly usable as a currency and the last time central banks tried to use it as currency it brought on the Great Depression."
OK.. so you say it's not directly usable as a currency? And you cite the last Great Depression as a result of gold being used as a currency? Please!
Gold has been used as currency since 600 BC! en.wikipedia.org/wiki/... It's only because of government mismanagement of money and creation of excess liquidity that caused the bubble of 1920 and the great crash that came afterwards that caused the Great Depression, just like it is happening now. en.wikipedia.org/wiki/...
And where does the inflation come from? Can you print gold? As long as the Fed and the Central Banks around the world continue to print money out of thin air, it will continue to buoy gold higher. No, gold is not a bubble, it's the currencies. Back in 1980, there was a lot less debt and a lot less currency and liquidity floating around. The official inflation adjusted rate does not reflect the true inflation. There is a quadrillion -QUADRILLION - dollars in derivatives out there. There is only about 10 billion ounces of gold above ground worldwide, and it would only come up to $18 Trillion at today's high of $1,800/oz. That's less than 2% of the liquidity in the world. If only another 1% of the liquidity flows into gold, it would go to $2700+ or 50% higher. So, gold is definitely NOT in a bubble.
Yeah, I've had that lesson several times before, and I still get that lesson re-visited every time I lose focus and get my emotions and pride cloud my judgement. I cashed out SLW around $27+ and took a nice 70% profit, but I also regretted not holding on to it longer. However, I made the right call on using the profits to get into Great Panther and sold some around another 70-80% profit. I still hold on to Great Panther. When everything was getting pummeled, Great Panther was the only stock that stood at a solid double digit gain.
LOL! Analyste.. You nailed it.. "If the financial system were allowed to collapse.. it is the American people who would pay the price".. yeah.. OK.. American people pay the price to bail out the banks, and they will also pay to allow it to collapse.. so.. we get f*cked either way.. and, folks, no, it was never about the banks.. "it's all about continued prosperity and opportunity for all Americans".. if "all Americans" mean those Americans who own the 'too big to fail' banks.
As the year of the white (metal) tiger is about to end, and the year of the white (metal) rabbit is about to begin, there will be a change of guard, changing of focus from external (foreign) to internal (domestic) affairs. Countries will be more concerned about balancing their own budgets than trying to help other countries, and they will be more concerned about energy and strategic resource independence (such as oil, silver, rare-earths, and alternative energy resources).
Silver Prices at a Thirty-Year High [View article]
So, since the high in the beginning of the month, silver pulled back to a healthy $28/oz point close to 50dma and now had a hard bounce back above $29/oz after jobs data... Come on, people, do you really expect the economy to improve with this kind of anemic jobs market? Really? I can see people smaking their fore-heads and buying gold & silver again.. I am relatively certain that silver will take out a new high ($32-35) before a major (30-50% range) pullback.
Silver's Artificial Price Fixing Regime Has Ended [View article]
Silver is overvalued versus what? Housing? How many ounces of silver does it take to buy a median priced home these days? At $200,000 price of a median priced home, and at $30/oz silver, it takes over 6,666 troy ounces of silver to buy a median priced home. In 1980, it took only 816 ounces of silver to buy a median priced home.
So, you say silver is overvalued? You do the math.
Oil, Gold and Silver Miner Projections for the Year of the Golden Bunny [View article]
avi, I have GPRLF and it has given me some solid returns. I sold some of them when I got nearly 100% return on my investment, but I still hold a core position. I intend to pick some up when silver goes down again.
A Precious Metals Wish for 2011 - Stop the Darn Transactions [View article]
Thanks for this well researched article. That's why I stay away from large cap miners. I stick with small to micro cap miners/explorers to get the leverage I want.
Silver's Artificial Price Fixing Regime Has Ended [View article]
James, What is your point?
What is the #1 thing that is different from the two periods (1890-1982) and (1991-2005)?
One thing I could say for sure was the surge of industrial usage of silver in electronics. The Information age (aka the digital age) began in the 1990s. Does that ring a bell?
Erin Burnett Exposes New Energy (OTC:NENE) on CNBC [View instapost]
I guess nobody on Seeking Alpha saw this article. I bought some shares of NENE, and I am currently in the money in the range of a healthy 20%.. not bad for a speculative play. We need more news for this little solar/alternative energy company.
It May Be Time to Short Gold and Buy Gold Equities [View article]
Well, you gotta be feelin' pretty lucky to be shorting gold this time around.
Gold Approaching Overvalued Mark [View article]
OK.. so you say it's not directly usable as a currency? And you cite the last Great Depression as a result of gold being used as a currency? Please!
Gold has been used as currency since 600 BC!
en.wikipedia.org/wiki/...
It's only because of government mismanagement of money and creation of excess liquidity that caused the bubble of 1920 and the great crash that came afterwards that caused the Great Depression, just like it is happening now. en.wikipedia.org/wiki/...
Sorry, bud, I disagree.
Gold Approaching Overvalued Mark [View article]
Signals Still Bullish for Silver [View article]
UBS Cuts Its Gold Recommendation [View article]
A Bumper Day for Silver Producers [View article]
Silver Prices at a Thirty-Year High [View article]
Silver's Artificial Price Fixing Regime Has Ended [View article]
So, you say silver is overvalued? You do the math.
www.wallstreetstocks.n...
Oil, Gold and Silver Miner Projections for the Year of the Golden Bunny [View article]
I have GPRLF and it has given me some solid returns. I sold some of them when I got nearly 100% return on my investment, but I still hold a core position. I intend to pick some up when silver goes down again.
A Precious Metals Wish for 2011 - Stop the Darn Transactions [View article]
Silver's Artificial Price Fixing Regime Has Ended [View article]
What is your point?
What is the #1 thing that is different from the two periods (1890-1982) and (1991-2005)?
One thing I could say for sure was the surge of industrial usage of silver in electronics. The Information age (aka the digital age) began in the 1990s. Does that ring a bell?
Silver's Artificial Price Fixing Regime Has Ended [View article]
You can see the charts to your questions at the Silver Institute's supply/demand page. It shows silver usage from 2000 to 2009.
www.silverinstitute.or...
Erin Burnett Exposes New Energy (OTC:NENE) on CNBC [View instapost]
Analyzing Gold and Silver Using Statistical Indicator Analysis [View article]
10 Bold Predictions for 2011, Part 2 [View article]