Wilson Siu

Wilson Siu
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  • Why You Should Sell Or Short Tesla  [View article]

    Actually the total luxury car sales is 6.2m.

    If they get 10% market share, thats 620,000. I think is about right. If they sell at 50,000 each and have 16% net margin, the stock is only 4x pe right now.
    Sep 14, 2013. 04:52 AM | Likes Like |Link to Comment
  • Japan Does The Full Ponzi  [View article]
    I thought you thought this is not ponzi scheme?

    Mar 19, 2013. 06:55 AM | Likes Like |Link to Comment
  • Bernanke Testimony Boosts Stocks And Dollar But Sinks Gold And Gold Miners  [View article]
    Soros is not nazis. He is Jewish blood. He and his father fled during WWII.
    Mar 13, 2013. 01:24 PM | Likes Like |Link to Comment
  • Gold: A 'Fundamental' Perspective Of Bottoming 'Fundamentals'  [View article]
    You mentioned about the possible parabolic rally in gold over the next few months. What are the signs you are looking at, looking for to derive this? Thanks!
    Mar 10, 2013. 03:20 PM | Likes Like |Link to Comment
  • Why The Price Of Gold Is Falling  [View article]
    Just like a boy friend or girl friend who tells the other half that they love him/her only, but constanly flirts, eventually the other half doesnt belief in lip service anymore. But today's investment crowd are just like the boy friend or girl friend, and it takes many many many times before they realize what is the reality.
    Mar 6, 2013. 01:14 AM | 1 Like Like |Link to Comment
  • Why The Price Of Gold Is Falling  [View article]
    Price falling because the Fed talks it down. No need other analogies. I did them all already. Fundamental is north, talk to try to make ti south. Period.
    Mar 3, 2013. 02:20 PM | 1 Like Like |Link to Comment
  • Why The Price Of Gold Is Falling  [View article]
    Gold is down because chairman knows what to say. All fundamentals are for north of price. You know how shorts behave? They go up gradually and down alot suddnely. Gold will be manipulated to behave in a fashion as that of an inverse short stock chart.
    Mar 1, 2013. 04:38 PM | 4 Likes Like |Link to Comment
  • Is This The Start Of A Bear Market In Gold?  [View article]
    If that happens, gold will go down to Zero! LOL!
    Feb 25, 2013. 11:40 PM | Likes Like |Link to Comment
  • Is This The Start Of A Bear Market In Gold?  [View article]
    It will have similar impact to the US dollar as the Euro did.

    Ironically my friend, the Chinese RMB is actually worse than US dollar. Why?

    Because the US has 8000 tonnes of gold to back up or at least to pretend to back up.

    China has US dollar to back up the RMB. So basically, the RMB has even worse thing to back up than the US.

    That is why I was shocked to find China will only 300 tonnes in 2008, but they have woken up since 2009 when they realize what the US is doing to the "reserve currency" thus have added 700plus tonens since and am now 1000 tonnes. At the rate of 500 tonnes a year, it will take them at least 10 years to have 6000 tonnes.

    I have literally spoken w one of the leaders and asked directly why so little gold? While the US media always makes China looks so scary, smart or sneaky or whatever it is, his answer: leaders before didnt know what they are doing, and am stuck with so much US paper currency, of course they want to buy more, but if buy all at once, the price will shoot up, and inflation everywhere, then social unrest. Can only buy slowly.
    Feb 25, 2013. 11:28 PM | 1 Like Like |Link to Comment
  • Is This The Start Of A Bear Market In Gold?  [View article]
    "Study the past if you would divine the future" confucius.

    For the past 5000 years gold has been the real money. There were periodic lapse of 10-100 years when certain nations tried performing the alchemy of finance, which is to convince citizens that gold aren't money. The stronger the perceived power of that nation, the longer that period lasts, but while it does last for sometime, it never lasts. The Romans, tried it, failed miserably in the end. It is not Dark ages tha took down Rome. It was inflation which brought the Dark ages. China tried it in the Sung dynasty, falied miserably with hyperinflation,and collapse of the empire. Germany tried it, and failed, leading to the rise of the Nazis. The repulic of China while people thought was destroyed by the communist, actually it was inflation, which brought social unrest and poverty which took the KMT down and rise of the communist.

    Everytime, it is being pitched as this time is different. But it never is. We are no smarter than people 5000,4000,3000,2000,or 100 years ago. We are always as short sighted, greedy, fearful, and vain as people from before.

    That it brings back to the same point. We are vain and want things that are scarce. And it also goes back to economics. The law of supply and demand. I dont see how copper looks entirely different from gold, but only the fact that it is many times more in supply.

    As little as 70 years ago when they marketed US dollar as the reserve currency, it is often said, " The US dollar is as good as gold" but that was because the US dollar was backed by gold.

    If we are not vain, if we are not humans with fear and pride just like all the others whom lived before us, yes, shelter and food comes first. But because we are vain, we like things that are scarce, we want a house bigger than our neighbour's, my friend, your wife will still want gold and diamond before toilet paper. My friend, you will still want a Ferrari when you have a porshe. When you have a cadillac, you will still want a Mercedes S class.

    Romans had their gold coins diluted to 1% gold at the end of their empire, starting from 99.9% gold. They have been the most sucessful in the experiment of alchemy of finance, which is, turning paper into perceived gold. They lasted for about 100 years.

    The question is, how long, the current experiment, which has lasted for about 40 years, can last longer, since the gold standard was off in the 1970s.
    Feb 25, 2013. 11:20 PM | 4 Likes Like |Link to Comment
  • Is This The Start Of A Bear Market In Gold?  [View article]
    Unfortuanetly as much as a gold bug as myself since 2009, I only have 5% of my networth in gold, and I am one of the most bugged gold bug around. 99.9% of the people I know have less than 1% net worth in gold.

    Why? Unfortuantely I still need to wipe my ass with toilet paper and trade my stocks and investment, pay wages using the official fiat currency paper for now. Just go ahead and short gold if you think otherwise. I am equally glad 99% of people are like yourself, otherwise that means the current financial system has or am about to blow up.
    Feb 25, 2013. 01:36 PM | 6 Likes Like |Link to Comment
  • Is This The Start Of A Bear Market In Gold?  [View article]
    Abegaz, take your time to go through "history of US dollar" . It is available on wiki.
    Feb 25, 2013. 01:22 PM | 3 Likes Like |Link to Comment
  • Is This The Start Of A Bear Market In Gold?  [View article]
    I was literally trying to lillustrate a very simple idea(although seems so complicated to you) using as simple and understandble language as possible. Am terribly sorry you, still, dont, get it.

    Here is another everyday's man language that could perhaps make it simpler. I have heard so many people say that Gold has no value. Wakakakaka.

    1. The US dollar and all fiat paper currencies all originated becasue they were supposed to be certificate that can be exchanged into gold.

    2. Next time if you are not married yet, propose to your potential wife with a paper ring instead of gold ring or diamond. Or if you are married, give annivesary necklace made of paper or plastic. Then tell her you have her these because gold and diamonds have no value.

    Sorry for being mischevious here, but it is so obvious yet so difficult for some people to understand.
    Feb 25, 2013. 01:09 PM | 6 Likes Like |Link to Comment
  • Is This The Start Of A Bear Market In Gold?  [View article]
    I neither buy gold because of fear nor as an inflation hedge. I buy gold because all fiat paper currencies I see them eventually as valuable as toilet papers to wipe my ass. As such I buy gold.

    Simply as that, they are printing paper currencies so fast just imagine before there were 5 guys and 5 girls in the bar. Now they have printed so many girls that there are 20 girls in the bar and only still 5 guys. Supply and demand, now the guys become more valuable in the bar.

    There are 2500 tonnes of gold mined annually, at 1600 its about US$1.28trillion. Just the annual US deficit and QE to make up the deficit already takes it all up. I have not included CHina, Europe, Japan yet.

    So each year there are 5 more girls in the bar then guys. So since 2008, when there was 5 guys, now there already are 30 girls in the bar. Buying gold is simly choosing to be the guy in the bar then choosing to be the girl. The ratio is gonna be 5:50 in a few years time.

    So stop telling people that people buy gold because of fear or inflation hedge. Fear is certainly bullshit. Inflation hedge, I can give it some merit.
    Feb 25, 2013. 12:52 PM | 10 Likes Like |Link to Comment
  • Last Chance To Sell Gold And Silver  [View article]
    Abeagza, your comment has no substance.

    On a side note, do your homework. US has 8000 tonnes of gold, Germany and France both have about 3000-4000 tonnes. China only has 1000 tonnes. Not to be pro any country, but with due respect Sir, your comment has no substance nor facts. LOL.

    Someone pls give better comment if we shall play the devil's advocate that I am looking for here.
    Feb 19, 2013. 03:33 PM | Likes Like |Link to Comment