"The investment seeks to strive to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the Trust terminates and liquidates its assets, or as otherwise required by law or regulation. The Trust is not managed like an active investment vehicle, and it's not registered as an investment company under the Investment Company Act of 1940." GLD is backed by some gold, but how much? Is it buying 'air' like the great deal of a timeshare? If I was going to invest in gold it would be coins - something that couldn't be taken away by the government at a whim by an adminstration that values polar bears over it's citizens lives and livelyhoods. Short term gamble? GLD is as good as any slot machine in Vegas. Go for it or don't.
I'm really wondering what the long term upside to investing in the middle east economy when one by one they are producing nuclear bombs, probably not very big ones and their deployment vehicle isn't much better than a bungy slingshot, but with the suicide mentality of extremists and their clerical handlers makes for a giant house of cards that has a very unstable base. Maybe the author can expand on what is going on in Dubai that will guarantee profits. From what I've seen it's the result of poor arab trash getting suddenly super-rich and seeing what extremes they can go to?
Another reason to not invest in Dubai, they are the world's biggest bank for the arab oil money - and I have seen too many times the boom to bust to boom of oil and banks. I thank God I have never been invested heavily on the wrong side of the banks or oil - it can mean instant financial death from someone who feels that shorting a great stock is a good way to steal from granpa's retirement fund. What the heck, he can always go on welfare and eat dogfood, right?
"invest in Dubai" he sayeth.... What does Dubai produce? Oil and terrorism. The price of oil is wayyyy down and there isn't much profit in terrorism - unless you are a Samoli pirate, and 3 of the pirates' gold necklace turned into a lead brainwarmer. By the last news Dubai was using slave labor that was expendable and even many projects have gone into neutral territory. I believe investing in America is a safer bet than a foreign nation that is in financial turmoil without any production to fall back on, other than the price of oil.
"invest in Dubai" he sayeth.... What does Dubai produce? Oil and terrorism. The price of oil is wayyyy down and there isn't much profit in terrorism - unless you are a Samoli pirate, and 3 of the pirates' gold necklace turned into a lead brainwarmer. By the last news Dubai was using slave labor that was expendable and even many projects have gone into neutral territory. I believe investing in America is a safer bet than a foreign nation that is in financial turmoil without any production to fall back on, other than the price of oil.
Thoughts on the S&P 500 Going to 325 [View article]
S&P 325? Sounds like a shorter's fantasy. The overall (American) market is the confidence in America, and the market is the sum of the individual stocks. Given the S&P today approaching 900 it's the sum of confidence today and the future. My guess is that the bulk of the money invested in the market today is retirement funds by mom/pop/grandpa. They rode the market down as the shorters took more and more out - worse than a coke addict with unlimited funds living in Columbia - and the same savers have and will still pump their hopes and dreams back into their retirement funds. If you can convince enough people to short the market and if someone with enough funds to drive the market down and the real investors go to cash then the S&P and others will do the ultimate spiral down the toilet - again. Your prediction/hope will come true. Until then, keep losing money shorting a bull market! I'm making money again.
Real Bull Market or Bear Rally? Still Unclear [View article]
Bear, bull, buy and hold, short and hold your breath, go long, gold, forex, bla bla bla.... There are 1000 opinions going around on 1000 directions of what the market is going to do the next minute, hour, day, week, month, year, decade.... One of them have to be right - for a while. The only way to tell if a bear market is over is when it's long over and the shorts have lost everything they gained in the down side. Almost every American is long one way or another in a brokerage account directly, a 401(k) or an employers retirement account. What the shorters don't understand is that they are destroying people's retirements by violently driving down stock prices. Do the shorters care? It doesn't appear they are anything but SELFISH. I wonder if they see their parents, grandparents, uncles, kids futures disappearing for the shorter's cash stealing addictions. Make the downtick rule more strict or better yet tax short sales profits at 90%. Make it economically unfeasable to destroy the stock market again.
"THE END OF THE MARKET IS COMING THE END OF THE MARKET US COMING" But it didn't happen today. The shorts lost and the longs won. But neither lost or won much. Sooner or later he will be right. I just hope it's years later.
"THE END OF THE MARKET IS COMING THE END OF THE MARKET US COMING" But it didn't happen today. The shorts lost and the longs won. But neither lost or won much. Sooner or later he will be right. I just hope it's years later.
The only way to see the actual 'bottom' will be looking at it from the rear view mirror while driving up, up and up. Looking at the market, it's bottomed and now we are moving up. Suckers buying into this market? Then count me in as a 'sucker'. I went all cash Oct 06, I was not happy when the naz went from 2400 t0 2800, but I was very happy to not lose that freefall from 2400 to the bottom of 1260 (50% loss). I got back in 3 weeks ago, after the 'sucker rally' started. Good luck to all, longs, shorts and SUCKERS!!!! LOL.....
It all makes sense. He is shorting the American market, telling others to sell so he makes money and probably has calls in Dubai. If he's successful he makes money from you. Everyone is an instant expert. Go with your gut. It's your money.
New Bull Market or a Bear Market Rally? [View article]
Funny how the bottom can only be seen in the rear-view mirror and for all the predicitons of the market going up or down, usually only half are right on this coin flip prediction. Charts can be right in hindsight and the stock market is the best explaination of 'chaos theory' I can find.
Big Tobacco Beware, the Next Big Story Stock Could Involve E-Cigarettes [View article]
I know someone who has a dealership in the e-cigs and he can't get enough of them. I've seen them, held them and passed some on to friends to try. The cost is $79 + local tax with a 3 day money back no questions guarantee - and no one has returned one yet. They are 1/2 price of actual cigarettes, last longer, no fire hazard, no butts (and after spending Easter day with cigarette fiends my clothes smell horrible and I feel the effects of second hand smoke) and NO SMELL. If the government today would outlaw cigs tomorrow I would be one happy person. If someone wants to get nicotine the e-cig is the way to go. There are no tars or cancer causing carcinogens inhaled or expelled. Is there any wonder why the American Cancer Society is against e-cigs? They would be out of business in a matter of a generation. Now nicotine has been noted to improve althimers patients, so these might be the wonder drug transmission of the 2000's. It runs in my family and I'd like to have the option of getting nicotine without the cancer risk. I have never smoked and have no desire to start but if it actually helps let it be. The word on 'taxing' is e-cigs are not tobacco based so it doesn't fall under current tobacco laws and they are not advertised as systems to stop smoking so they don't fall under that catagory, but if there is money on the table an elected lawmaker won't waste time in getting their hands in the pot for the illusionary 'good for all'. A relative noted that after 2 or 3 weeks his taste buds started working again and he could enjoy food like before he started smoking. There are different flavors, cig, fruit, energy drink. He said he started on the cig flavor and after taste returned he likes the strawberry flavors, like sucking on a pixy stick. When he craves a cigarette he uses the cig flavor and wants to puke. Cigs actually taste that bad for real. Enough of my experience and observations. Next?
How the Gold Game Could End [View article]
GLD is backed by some gold, but how much? Is it buying 'air' like the great deal of a timeshare? If I was going to invest in gold it would be coins - something that couldn't be taken away by the government at a whim by an adminstration that values polar bears over it's citizens lives and livelyhoods.
Short term gamble? GLD is as good as any slot machine in Vegas. Go for it or don't.
Sucker's Rally Approaching an End [View article]
Maybe the author can expand on what is going on in Dubai that will guarantee profits. From what I've seen it's the result of poor arab trash getting suddenly super-rich and seeing what extremes they can go to?
Sucker's Rally Approaching an End [View article]
Sucker's Rally Approaching an End [View article]
What does Dubai produce? Oil and terrorism. The price of oil is wayyyy down and there isn't much profit in terrorism - unless you are a Samoli pirate, and 3 of the pirates' gold necklace turned into a lead brainwarmer.
By the last news Dubai was using slave labor that was expendable and even many projects have gone into neutral territory.
I believe investing in America is a safer bet than a foreign nation that is in financial turmoil without any production to fall back on, other than the price of oil.
Sucker's Rally Approaching an End [View article]
What does Dubai produce? Oil and terrorism. The price of oil is wayyyy down and there isn't much profit in terrorism - unless you are a Samoli pirate, and 3 of the pirates' gold necklace turned into a lead brainwarmer.
By the last news Dubai was using slave labor that was expendable and even many projects have gone into neutral territory.
I believe investing in America is a safer bet than a foreign nation that is in financial turmoil without any production to fall back on, other than the price of oil.
Thoughts on the S&P 500 Going to 325 [View article]
Given the S&P today approaching 900 it's the sum of confidence today and the future.
My guess is that the bulk of the money invested in the market today is retirement funds by mom/pop/grandpa. They rode the market down as the shorters took more and more out - worse than a coke addict with unlimited funds living in Columbia - and the same savers have and will still pump their hopes and dreams back into their retirement funds.
If you can convince enough people to short the market and if someone with enough funds to drive the market down and the real investors go to cash then the S&P and others will do the ultimate spiral down the toilet - again. Your prediction/hope will come true.
Until then, keep losing money shorting a bull market! I'm making money again.
Real Bull Market or Bear Rally? Still Unclear [View article]
Real Bull Market or Bear Rally? Still Unclear [View article]
There are 1000 opinions going around on 1000 directions of what the market is going to do the next minute, hour, day, week, month, year, decade.... One of them have to be right - for a while.
The only way to tell if a bear market is over is when it's long over and the shorts have lost everything they gained in the down side. Almost every American is long one way or another in a brokerage account directly, a 401(k) or an employers retirement account. What the shorters don't understand is that they are destroying people's retirements by violently driving down stock prices. Do the shorters care? It doesn't appear they are anything but SELFISH. I wonder if they see their parents, grandparents, uncles, kids futures disappearing for the shorter's cash stealing addictions.
Make the downtick rule more strict or better yet tax short sales profits at 90%. Make it economically unfeasable to destroy the stock market again.
Sucker's Rally Approaching an End [View article]
But it didn't happen today. The shorts lost and the longs won.
But neither lost or won much.
Sooner or later he will be right. I just hope it's years later.
Sucker's Rally Approaching an End [View article]
But it didn't happen today. The shorts lost and the longs won.
But neither lost or won much.
Sooner or later he will be right. I just hope it's years later.
Sucker's Rally Approaching an End [View article]
Looking at the market, it's bottomed and now we are moving up. Suckers buying into this market? Then count me in as a 'sucker'. I went all cash Oct 06, I was not happy when the naz went from 2400 t0 2800, but I was very happy to not lose that freefall from 2400 to the bottom of 1260 (50% loss). I got back in 3 weeks ago, after the 'sucker rally' started.
Good luck to all, longs, shorts and SUCKERS!!!!
LOL.....
Sucker's Rally Approaching an End [View article]
Everyone is an instant expert.
Go with your gut. It's your money.
New Bull Market or a Bear Market Rally? [View article]
Charts can be right in hindsight and the stock market is the best explaination of 'chaos theory' I can find.
Big Tobacco Beware, the Next Big Story Stock Could Involve E-Cigarettes [View article]
If the government today would outlaw cigs tomorrow I would be one happy person. If someone wants to get nicotine the e-cig is the way to go. There are no tars or cancer causing carcinogens inhaled or expelled. Is there any wonder why the American Cancer Society is against e-cigs? They would be out of business in a matter of a generation.
Now nicotine has been noted to improve althimers patients, so these might be the wonder drug transmission of the 2000's. It runs in my family and I'd like to have the option of getting nicotine without the cancer risk. I have never smoked and have no desire to start but if it actually helps let it be.
The word on 'taxing' is e-cigs are not tobacco based so it doesn't fall under current tobacco laws and they are not advertised as systems to stop smoking so they don't fall under that catagory, but if there is money on the table an elected lawmaker won't waste time in getting their hands in the pot for the illusionary 'good for all'.
A relative noted that after 2 or 3 weeks his taste buds started working again and he could enjoy food like before he started smoking. There are different flavors, cig, fruit, energy drink. He said he started on the cig flavor and after taste returned he likes the strawberry flavors, like sucking on a pixy stick. When he craves a cigarette he uses the cig flavor and wants to puke. Cigs actually taste that bad for real.
Enough of my experience and observations.
Next?