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The Recusant

The Recusant
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  • Gold And Precious Metals Are Showing Signs Of Reversing Recent Rally [View article]
    Gold is most often a fear driven investment that transcends charts and fundamentals because fear is driven most often by headlines. Whether it bounces up and down is not the point. The reason for holding gold is for insurance against a major economic crisis. Severe inflation is just one of these, currency defaults and socio-political upheavals another. Gold bears harp on the wrong reasons people hold gold. It comes down to having an asset than can never go to zero value versus having an asset that is worthless.
    Mar 25 01:07 PM | Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Uncle Pie: What will they do? What will they do when they need PMs and most of it is in China and India? The author stated "...the U.S. is far more encouraging than what we are seeing in almost every region of the world..."

    But just how encouraging is that when all the economies are in deep trouble? To think one doesn't need gold as an insurance is to say that they believe the US and other countries are in fine shape. Do they really? Time to get real, folks.
    Mar 25 12:51 PM | 15 Likes Like |Link to Comment
  • The EU, China Offer Case Study Warnings For Green Economy Stocks [View article]
    It is convenient to forget that the government subsidizes nuclear power for more than what the electricity it generates is worth. And those subsidies do not include the costs for spent fuel rod storage, plant security, and clean ups.
    Mar 23 09:11 PM | 2 Likes Like |Link to Comment
  • The EU, China Offer Case Study Warnings For Green Economy Stocks [View article]
    Straychan: At least "my facts" are supported by a huge majority of leading scientists, whereas the doubters are supported by...well...some scientists.
    Mar 23 09:09 PM | 2 Likes Like |Link to Comment
  • The EU, China Offer Case Study Warnings For Green Economy Stocks [View article]
    This quote from a recent (March 2014) Bloomberg article hardly reflects your dire forecast for green techs: "While Europe’s solar market appears to be slowing down, the rest of the world is expanding. 'After two years of a punishing downturn, the global solar industry is on the rebound,' said Ash Sharma, senior research director for solar at Englewood, Colorado-based IHS Inc. 'Worldwide PV installations are set to rise by double digits in 2014, solar manufacturing capital spending is recovering, module prices are stabilizing and emerging markets are on the rise.'

    The emergence of China, as the world’s leading solar market, contributed to this resurgence. Companies like SunPower Corp and Yingli are now making a profit. The Chinese may have installed close to 12 GW last year and are expected to do as well in 2014. Japan, the first nation the one GW barrier (in 2004), is now the world’s second-largest solar installer and may reach 10.5 GW in 2014. The US is expected to install 5 to 6 GW, which will make it third. Brazil, Chile, Thailand and Australia have also made significant progress, albeit on a lesser scale."

    However, you go far beyond just pointing out the perils of green tech investing when you write biased statements like "Not only is the promise of clean, affordable, reliable energy a total mirage, so are the jobs. The jobs exist only as long as the government agrees to continue to waste tax payers' money." That's called editorializing which is hardly an objective perspective.

    It comes down to investing in the right green tech companies that will return a profit in the future. I, too, have owned Rentech and doubled my money within three years when I sold it. I also own Canadian Solar which is currently returning a 13% profit to me. This is a nascent industry and will have its problems like all new industries. But once it finds its legs, it will take off.
    Mar 23 09:07 PM | 1 Like Like |Link to Comment
  • The EU, China Offer Case Study Warnings For Green Economy Stocks [View article]
    I criticized your article for two reasons, ONE, because you miss the big picture. SO WHAT if the government supports the green energies?! In time they will not only support themselves, but accomplish why society originally embraced them—to eliminate the disastrous side-effects of carbon-based and nuclear energies in addition to eventually lowering overall energy costs and the governmental stranglehold of big oil. How far would the computer industry or the World-Wide-Web have gotten without government backing? Going back further, how about the airline industry? It take massive amounts of capital to get complex industries off the ground that private investment just cannot accomplish. But the eventual payback to not only the government but society is far greater than the government's seed money. Additionally, your articles are consistently based solely on the cost factor of the energy, ignoring the environmental aspects and political/social impacts.

    And TWO, your insistence in promoting your political viewpoints in your articles are divisive to the reading public and only serve to promote the biased support you desire. Comparing Robin Hood to Ronald Reagan? Really? President Reagan lowered and RAISED taxes, just like most presidents. And insisting that supply side economics is the singular panacea is blindly following some political party tenet that has been disproved by even those in that party.

    You put words in my mouth by saying I think that green energies can support themselves at this time. They can't—now, but likely will in the future through innovation. But even if the direct costs of green energy sources are never less than carbon/nuclear energy sources, I would still embrace them for the health/environment reasons. How much is Fukushima costing? How much is the smog in Beijing, LA, or Paris costing? Or ground water and river polution from coal ash or fracking costing? Spent fuel rod storage and litigation costs? Add these to your GTL, CTL, or carbon/nuclear energy costs and see how it compares to the pittance spent on green energies. Accept just how much the extended and non-direct costs are for our current energy sources, then you will see how green energy sources are way less costly. Those are the facts, can you deal with them without bias?
    Mar 23 12:19 PM | 2 Likes Like |Link to Comment
  • The EU, China Offer Case Study Warnings For Green Economy Stocks [View article]
    Gentlemen, please! Have some respect for the author of the article. SA loves all the comments and hits he gets them. The unfortunate reality is that by turning an investment site into a political bashing forum works! Just look at Fox News, Rachel Maddow, Hannity, etc, etc. Integtrity went the way of the dodo years ago.
    Mar 23 01:37 AM | 1 Like Like |Link to Comment
  • Someone's Betting Big On Coming Volatility; How And Why They Might Be Doing That [View article]
    Alexander Putin is Vlad's cousin and was a bank president and military academy teacher. The whole Putin clan were very militarily and politically connected. But, of course, the author meant to write "Vladimir".
    Mar 22 05:20 PM | 2 Likes Like |Link to Comment
  • Someone's Betting Big On Coming Volatility; How And Why They Might Be Doing That [View article]
    Having some sort of insurance is always prudent. One doesn't buy auto insurance as he slides on ice into another car. Why hold a portfolio that could tank before you can pull the trigger? Both gold bullion and VIX are sensible long term hedges against a number of possible economic crises but not as an options trade unless you're really sure about something.
    Mar 22 05:09 PM | 1 Like Like |Link to Comment
  • Someone's Betting Big On Coming Volatility; How And Why They Might Be Doing That [View article]
    heraklius: The author has it right to buy VIX for insurance. Eight million dollars is a sizable amount of a bet being placed. It would indicate that someone possibly KNOWS something. Before 911 there were spikes in put options and spikes in insider trades in certain companies. The investigations were inconclusive and are still debated. However, the price of gold may not be driven higher in a VIX movement. It depends on the cause. Gold is great insurance for some economic/political events but a poor one for others, the same as the VIX. We'll just have to wait and see what happens by the end of May.
    Mar 22 05:05 PM | 1 Like Like |Link to Comment
  • What Has Been Fueling The Rise Of Gold In 2014? [View article]
    sheeple123jump:: Good comment. Charts and data can be very biased to support personal aims. I usually am very leery about charts and algorithmic predictions, but like most, I occasionally fall victim to selective reinforcement of my own views. Thanks for the wakeup call.
    Mar 21 01:32 PM | Likes Like |Link to Comment
  • Italy: Good News, But Still Way Too Much Debt [View article]
    James Hanshaw: Thanks for the info and your take on it. Which country will be the cause of the EUs slide into chaos is up for grabs, but I'd put my money on the weakest, probably Greece.
    Mar 21 01:21 PM | Likes Like |Link to Comment
  • Will The 'Green Economy' Trigger The Next Global Financial Crisis? [View article]
    Robert Wagner: Besides the false claim that al Qaeda was operationally connected to Iraq, Bush's boys knew they would need something else to justify the invasion to grab the oil fields and divide them up between the major oil producers. WMDs fit the bill. However, WMDs are possessed by most countries including the US, also, China, Russia, France, Cuba, India, South Korea, Ukraine, Bulgaria, Israel, United Kingdom...well...you get the picture. Perhaps we should have invaded France and England?
    Mar 20 11:00 PM | Likes Like |Link to Comment
  • Italy: Good News, But Still Way Too Much Debt [View article]
    stocknerd: "Finally, Italian politics are funnier and provide more entertainment value than American politics, and that is saying a lot."

    I lived in Italy for awhile many years ago. I also was much amused with their nine political parties and ever-bankrupt government. I lost some of my mail when they decided to just burn a few box car loads of mail rather than paying to sort and deliver them. But I did love my time there.

    The entire EU will reset shortly when Germany gives up supporting everyone else.
    Mar 20 03:36 PM | Likes Like |Link to Comment
  • Will The 'Green Economy' Trigger The Next Global Financial Crisis? [View article]
    "What did 911 have to do with oil?" —A person is not paying attention if he needs an explanation on how 911 was a false premise for the invasion of Iraq for the sole purpose of the control of their oil. When the tally of all the real costs for using oil, coal, and nuclear are weighed against the costs for the environmental costs we will be paying, then wind and solar will seem cheap. Japan is learning the lesson on nuclear energy currently.

    If we merely replace our dependence on coal or petrolium and nuclear energy sources with another source, like GTL or CTL, then we continue using excessive and growing amounts of energy. We'd still be plodding along without innovation that would free us from the downsides of those energy sources. As energy sources become harder to obtain, as they have in the last four decades, then the impetus is to come up with better ideas.

    The real solution, of course, is to eliminate waste and promote efficiency at a reasonable cost. By forcing a push into non-carbon/radioactive energy sources together with limiting polluting energy sources, the desired results of efficiency and lower costs will come all the sooner, not immediately, but eventually. GTL/CTL may have their day until gas and coal peak along with their prices. However, solar, wind, geo-therm, etc. are limitless and non-polluting supplies. They will be the future of our energy sources and the sooner we get our brains wrapped around that, the sooner the prices and storage problems will disappear through innovation. Trying to hold onto carbon-based/nuclear energies is like trying to breed a faster horse to compete with a car.
    Mar 20 03:23 PM | 1 Like Like |Link to Comment
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