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The Recusant

The Recusant
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  • Trouble Is Brewing In The Paper Markets For Gold And Silver [View article]
    kohalakid: Just read their prospectus. It scared the bejesus out of me and I sold it immediately.
    Nov 24, 2015. 10:57 PM | 1 Like Like |Link to Comment
  • Investors Need To Keep A Close Eye On $1,000 Gold [View article]
    Everyone has a guess based on "sound" reasoning. Truth is we never can confidently predict where the market is going. But one historical fact remains, gold has never been worth nothing or gone bankrupt. Hold till it climbs back up.
    Nov 24, 2015. 12:40 PM | Likes Like |Link to Comment
  • Why The Worst Is Not Over Yet For Commodities [View article]
    I'd not lump all commodities into the same shopping cart. Food vs. energy, or precious metals vs. industrial metals, all will rise or fall at different times. The lock step reduction in their prices at present is more an anomaly than the norm.
    Nov 24, 2015. 12:32 PM | 1 Like Like |Link to Comment
  • Trouble Is Brewing In The Paper Markets For Gold And Silver [View article]
    So, if gold transactions are 300X the amount of registered gold at the COMEX does that mean bullion gold prices should actually be 300X the current price? That's about $300,000 per ounce! Whoopee! ;)
    Nov 24, 2015. 12:14 PM | 3 Likes Like |Link to Comment
  • What To Make Of Sandstorm Gold's Q3 Earnings [View article]
    John, don't worry about those investors who see no value in a stock unless it is returning immediate profits. They are the leeches of the investment world. Long term this company has great potential for tremendous returns.
    Nov 13, 2015. 11:02 AM | Likes Like |Link to Comment
  • Friday Is A Big Day For Gold And Investors Better Be Prepared [View article]
    Fear is is key here. Fear that a rate hike will plunge the market into chaos will provide enough incentive for many to go into gold. Fear that a rate hike will crush gold prices will force many to sell their GLD and COMEX paper gold, pushing gold prices down. It may just be that those fears will cancel one another out in the long term.
    Nov 4, 2015. 06:51 PM | 2 Likes Like |Link to Comment
  • Central Fund Of Canada: Gold & Silver At A ~10% Discount [View article]
    It amazes me that investors shun picking up this excellent fund at a substantial discount. It's a fire sale that no one is noticing.
    Oct 27, 2015. 12:16 PM | 2 Likes Like |Link to Comment
  • Precious Metals Q3 Review And Q4 Outlook [View article]
    Nicely encapsulated article. While the market gyrates daily between hundred plus or minus gains and losses, and the fears continue over Middle East and Ukrain violence, not to mention North Korean insanity, global investors still create a sound support base for gold. Until a substantial shock occurs, I see the gold price continuing to waver in its current price range between US 1100 and 1150 for some time to come. The $800 Price you anticipate may happen, briefly, if Yellen's threats of raising interest rates is carried out, but as months of saber rattling have shown, it seems unlikely.
    Oct 1, 2015. 11:42 AM | Likes Like |Link to Comment
  • Gold: Now That's A Dead Cat Bounce! What's Next? [View article]
    fishfryer: Great insightful reply. Not so sure gold will go under $1000 at this point however with the market so skittish.
    Sep 25, 2015. 10:41 AM | Likes Like |Link to Comment
  • General Motors Will Be Snagged In The Volkswagen Scandal [View article]
    Paulo: Good article as usual. However, I wonder if GM's Opel will be considered a scandal if the intent to commit fraud is absent. Although the study may show Opels creating more pollution than the laws permit, the reasons for emitting more may not be intended or done by deception.
    Sep 25, 2015. 10:31 AM | 3 Likes Like |Link to Comment
  • Yet Another Massive Gold Delivery Week On The SGE [View article]
    What does newly produced gold have to do with it? Much of it comes from resmelted gold via Swiss refiners.
    Sep 19, 2015. 12:59 PM | 10 Likes Like |Link to Comment
  • Should You Prepare For A Market Crash? [View article]
    alfonsCots: I should have written the "economy" is not healthy instead of the "market" although both show signs of a spreading rot and neither are "healthy."
    Sep 19, 2015. 12:50 PM | 1 Like Like |Link to Comment
  • Should You Prepare For A Market Crash? [View article]
    alfonsCots: And healthy markets do not act as the market has over the last month. Worse still, healthy markets do not need ZIRP or QE.
    Sep 13, 2015. 03:02 PM | 4 Likes Like |Link to Comment
  • Bad News Really Is Bad News [View article]
    DWD: No, any inflation would hurt China's exports to not just the U.S. but globally. But if push came to shove, the political heads there would rather see the yuan (RMB) in a leading global reserve position than the USD. And over the last decade it's believed by many analysts that is where China is heading. Their increasing accumulation of gold may indicate a gold backed yuan or "basket of assets" backed currency to replace our petrodollar.
    Sep 12, 2015. 07:54 PM | Likes Like |Link to Comment
  • Bad News Really Is Bad News [View article]
    DWD: My worry is not over foreign ownership of US companies and assets. It concerns the possibilities of a contagion in diminishing confidence in the value of USDs and U.S. treasury paper. If other countries follow China's lead, especially those who are not huge exporters to the U.S., a serious inflation might occur within the U.S. especially affecting imports.

    Japan's 80s asset grabs in the U.S. was controlled by U.S. political pressure. But as a global advisary we do not have political power over China. Their recent sell offs of US notes may portend a strategy to gradually replace the U.S. notes with the RMB or a healthier yuan. If so, they will continue dumping US notes effectively devaluing the USD and flooding the US with devalued USDs causing hyperinflation.
    Sep 11, 2015. 12:09 AM | Likes Like |Link to Comment