misterchan

Gold Could Hit $1200 By Early 2009

How could any of us br involved in the stock market, or, a number of other things, without using the word "could"?

Gold: The Last Cheap Asset Class

eric hart - Great comment. Just the other day I thought of something for the first time, something no one, to my knowledge, has ever mentioned in all the articles, namely that if gold were to settle at $700.00, all the goldmines would be flourishing. THEY don't need $2,000 gold to be profitable. They have been in business for many years when the price of gold was half what it is now. So, in my opinion, investing in a carefully selected mining company is not any different from investing in any other category of stock. I'm doing it. Just look at FCX, BHP and RIO, a few of my favorites. There is the answer to the question of whether gold can really be considered an investment. Also, as regards oil, I have a sizeable position in HTE, a CANROY, which pays me over 16% dividend on a monthly basis. By the way, the other mines mentioned also pay generous dividends and FCX has wonderful options for people like me who like to write naked options, both puts and calls. These are all huge, reliable companies and of course they need monitoring as do ALL stocks.

Commodity Forecasters See Prices Declining

Every article presented by Bespoke attempts to cast aside commodities as worthless and not worthy of serious and intelligent consideration. After seeing their name, I knew what to expect before reading even one line. Of what use are their slanted statements? Lots of people feel that way about commodities, and especially gold. But thankfully there are lots of choices when looking for info and ideas. BESPOKE HAS SPOKE. And now let's find something unbiased and intelligent to listen to for financial ideas.

A $1Million Wager for Gold Bears

An $800 price of gold in 1980 translates to approx. $2200 in 2008 as measured by inflation. So, actually, gold is underpriced at this time and $1650 is a very modest prognostication. Which, if it pans out, would make gold a tremendous bargain. For instance, in 1946, a pound of See's Candy was $1.20. Today it is $14.00. So, actually, the price of gold does not reflect inflationary momentum. Today gold is a bargain at $900.

Act Now, It's the Psychological Rally

Excellent article. One of the best I have ever read. And today, for the first time, I found myself getting interested in China. So was happy to see it mentioned. Everything you wrote expressed exactly how I feel about this market, only you said it better than I ever could. Thanks again. I hope a lot of people read it and wake up.

Is it Finally Time to Sell Gold and Related Mining Stocks?

Thanks, all of you, for reiterating what I have been thinking . However, having a large portfolio which is hibernating lately, is not fun. It seems that gold mining companies are being punished too much. Even the great ones. Unless maybe the big boys on Wall St. are talking them down so they can buy them dirt cheap? (unintended pun).

Dividend Aristocrats: Top Dividend Growers

Very important - When you put in the Sell order the day before the stock goes x-div, PUT THE ORDER IN AFTER THE MARKET IS CLOSED. That way, you will get the div. Also, please excuse typos. Of course, if you don't want the div., you sell BEFORE the market closes. Whichever seems like a better deal.

Dividend Aristocrats: Top Dividend Growers

To Marol - There are many ways to make money from dividend stocks besides buying and holding. Which most of the above cimments emphasize. First, check dividends in the newspaper every nite. When you find one which pays quarterly, buy as much as you can if the price has not started to go up. Then, sell the day before it goes ex-dividend. You will usually have more profit than you would have if you had held the stock on its (sometimes) downward trajectory. Or you can do what I did last week - Buy the stock when it has just started to move up. A couple of days before the x-div. date, write about 30 out of the money calls (per 1000 shares) and the day before it goes x-div, put in a sell order at the market. You will get (usually) the first price of the day, which I did. The stock has already moved down where all my calls are profitable if I wanted to buy them back, but they are very safe. I love dividends. By the way, there are times when the stock does NOT go down after ex-div day. You can spend some time each week finding div. situations and making a list. Then you can jump from one issue to the other. Right now I own some HTE (a Canadian Royalty Trust) which I have been holding for awhile, but I write way-out of-the money calls close-in right before it goes ex. Pays a generous div. The market, these days, is not a place where I feel comfortable holding anything(with a few exceptions) for very long. My opinion - When you have a profit, take it. We're not going to the moon just yet.

UBS: Goldcorp and IAMGold Still Top Picks

How nice it is to hear affirmative things about GG and IAG. It makes owning the shares a little more comfortable, especially with the violent ups and downs of GG. IAG is one of my favorites. They have many mining properties in many countries, they belong to the World Gold Council and for the past 7 years they have paid an annual dividend of $6.00. I remember when AEM was $12.00, and look where it is now. In my opinion, IAG will travel on the same path. Right now, it is a bargain.

Fast Money Recap, 3/20/08: Cold Commodities

Thanks for all your comments. It was fun reading them. However, Biodoc, in my opinion, is the most savvy. I have been writing out-of-the-money options for years. They give a better chance of making a profit. And maybe people who have no idea of the inner workings of Wall St. would be monetarily safer keeping their day jobs.

Burst Bubble? Commodities' Long-Term Story Remains Intact

Thanks to all of you for the interesting opinions. Except for one or two who deplore gold and oil. I especially liked Yank and would have written something similar. But he said it all. Now all we have to do is pray we are right. I think we are.

AAR Corp. Reports: Still a Strong Buy

Also not buying.

Main Street Sacrificed to the Gods of Wall Street

Lots of good posts. It sounds like Americans are waking up to what is happening in America. Also, I enjoyed reading the list of Tony S., so please keep including him.

Bespoke's Commodity Snapshot: Key Support Lines Challenged

Excellent previous comment. In my opinion, commodities suffer the same fate as did Cinderella, but worse, since there are more than 2 mean stepsisters (and brothers) on Wall St. who, whenever they can benefit, deride commodities and bless stocks. And justify bear markets by offering them as an opportunity to buy stock. Why not also buy gold when it has a correction? Or mining shares? In my opinion, the bull market in gold and oil and the decline of the dollar are still intact.

Fast Money Recap, 3/20/08: Cold Commodities

Why is it that when the market goes down 400 points (and not just once), all you people on CNBC just keep smiling. suggest a lot of excuses and give stock purchase recommendations which, even in bear conditions, will go up, but when precious metals have a similar correction, and this after having made big upward moves , especially in the last couple of months, you advise getting out of gold and oil, too?Could it be that the markets are rigged and that is what precipitates all the dramatic movement and all the subsequent advice? Is it possible that all the Wall St. insiders are quite easily making millions because of dispensing all this directional advice? I think so. What think you?