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  • Gold: The Declines Won't Stop Here [View article]
    Ken: I agree that investing in GLD is the same as buying physical but there is no arguing the fact that correlation between GLD and gold is close to 100%. That may someday change but under what circumstances?
    Mar 27 01:24 PM | Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Nooseah: Your exact words: "Bottom line: if the Fed gives up printing and starts to raise rates, deflation and a major depression are a dead certainty." Pretty clear what you were saying.

    The Fed's balance sheet is at nose bleed levels and how have the US and most developed world markets done in response? Up, for the past four years! Where's the correlation? BTW, no serious investor gives a crap about what has happened since 1913. Obviously, the FED's balance sheet has not been considered to be problem by the markets. ( Now you will say: But it will, just wait!)

    QE is ending right before your eyes and you still insist that is just can't happen. Please, you have demonstrated that you have no clue what you are talking about on any subject and I will not waste anymore time trying to educate you.
    Mar 27 11:54 AM | 1 Like Like |Link to Comment
  • Marcellus Slows Dramatically: U.S. LNG Investments Could Suffer, Coal Producers Could Gain [View article]
    Is the Marcellus production rate declining because the accessible NG is being depleted at an unsustainable rate or is it because producers have elected not produce at maximum output? It is in the best interests of the producers not to flood the market with excess NG, thereby collapsing the price. Why is it that the number of rigs dedicated to drilling for NG is currently at a very low levels? As of March 19, The number of rigs drilling for gas is 87 lower than last year's level of 431. With only 344 rigs drilling, we can expect to see production rates flattening out and perhaps even declining. That will all change when the price gets into the $5-$6 range.
    Mar 27 12:40 AM | Likes Like |Link to Comment
  • Biotech Sell-Off Brings Value To U.S. Healthcare Stocks [View article]
    Morgon : I am not saying that it isn't possible for Biotech or Health care to perform well after a correction because that could happen. However, there are other sectors that are not over bought and will probably do much better than health care in the near future. Commodity based stocks and Latin American ETF's are in my sights and will probably be screaming buys when the current market correction has run it's course.
    Mar 26 05:08 PM | Likes Like |Link to Comment
  • Biotech Sell-Off Brings Value To U.S. Healthcare Stocks [View article]
    Morgan: You are correct. Most of your article was devoted to warning of the risks of investing in biotech. It was the last paragraph that caught my attention where you suggest that the sell off might be an opportunity to consider specific companies as well as XLV ETF. I feel it unwise to buy into anything related to health care only because they have appreciated considerably in the past year with biotech leading the pack on the upside and now leading the downside during the past month. Bad sign for the entire sector.
    Mar 26 05:00 PM | Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Nooseah: You are not making any sense. How do you figure that deflation and rising rates are synonymous? You can have one or the other but very unlikely that both would occur simultaneously. Furthermore, neither environment would be good for gold. Also, the FED balance sheet is irrelevant to the real word economy so don't waste your time looking at it.
    Mar 26 04:46 PM | Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Nooseah: Currency debasement is always a concern but much less so today that back in the 70's and 80's when inflation meant seeing prices increase on a weekly basis. The FED almost lost control of inflation when it peaked at 14.7% in April of 1980. Now that is what one would call real 'currency debasement'! Yes, a few people were buying gold then for insurance and then watched it decline in value against the debased currency for nearly 20 years. Some even died of old age before they ever saw gold rise again.

    Today's official inflation rate is about one tenth of the rate of those days. Yes, those govt numbers are fudged and we do have more inflation than reported, however, I sure don't see inflation today as being any where near what it was in the 70's. I lived through that period and know the difference.
    Mar 25 11:31 PM | 1 Like Like |Link to Comment
  • Biotech Sell-Off Brings Value To U.S. Healthcare Stocks [View article]
    This would have been a great article if it had been dated 2010 when the biotech sector was truly a bargain. Funny how one person sees the pullback as a buying opportunity and another sees it as an ominous sign of weakness. The monthly charts of XBI IBB and BBH all have that nice parabolic look to them. I was short XBI, have covered 50% of the position and will short it some more on rallies.

    In my opinion, It's time for the dumb money to step up to the plate and take stock off the hands of those who bought into this sector three and four years ago when it was one third the price.
    Mar 25 11:04 PM | Likes Like |Link to Comment
  • The Asinine Gold Sell-Off? [View article]
    Markos, Yes, you did call for gold to rise in the article: ( Crimea was not mentioned. Credit is due for that call. However, just a few days before gold's top of $1391 you published an article with the Title "2014 Spot-On Gold Bull Says Buy More Fast And Furiously" ( The basis for that article was the unfolding crisis in the Crimea. Hence, my reference of being a "flavor of the day" and knee jerk analyst.

    You also have been calling for a stock market decline and even stated a "Crash is Imminent" in this recent article: ( Another sensationalist headline that if it becomes true, will make you a genius and you can go on to write books and go on talk shows, and be another Peter Schiff. BTW, I hope the market does crash because I am heavily short at this time certain over bought sectors but I seriously doubt that a correction will become a full blown crash.
    Mar 25 08:50 PM | Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Nadges: Please explain how you concluded that raising the price of gold, an asset that very Americans hold, would cause inflation?
    Mar 25 08:23 PM | Likes Like |Link to Comment
  • Gold: The Declines Won't Stop Here [View article]
    Richard, good article. If I were to guess which way gold was headed I would have to agree with you, as in down. That said, I currently don't have any gold positions because it is virtually impossible to determine where gold will be three to six months from now. The overwhelming negative sentiment that we saw in early December was reason enough to get into the miners for some quick profits but I can see no good reason to be in them now.

    I don't believe in hoarding gold, stocks, oil, soybeans or any commodity for the long term (as in years or even decades) as that is a very poor way to allocate one's capital. Yeah, I know, eventually everything goes up but playing the swings is much more lucrative than the simple minded buy and hold till-you-die strategy.
    Mar 25 08:18 PM | Likes Like |Link to Comment
  • The Asinine Gold Sell-Off? [View article]
    Trendless: I know what you mean but I have found a method that guarantees 50% success rate. Flip a coin.
    Mar 25 01:03 AM | Likes Like |Link to Comment
  • The Asinine Gold Sell-Off? [View article]
    Gold and the miners were rallying from mid January because of the Crimean crisis? Rubbish! What we have here is a knee jerk analyst with shallow and 'flavour of the day' analysis. In my opinion, zero credibility.
    Mar 24 11:08 PM | 2 Likes Like |Link to Comment
  • Who's The Sucker? [View article]
    Very good article that tells it like it is. The smart money unloads their stock to the dumb money, every time. Of course, the dumb money will be encouraged by plenty analyst chatter concerning 'reasonable' PE ratios, improving unemployment and other catchy feel good phrases and statistics. They never realize that they are the suckers at the table who are about to be fleeced.
    Mar 24 10:33 PM | Likes Like |Link to Comment
  • Breaking News: Who Really Controls Silver And Gold? [View article]
    Ic12rlp: Nope, you aren't missing a thing. Elliot Wave analysis seems to be all about moving targets, for all the upside and downside possibilities. For example, AVI has currently provided targets of 126 (there now), 131.50, 134.75 and 136.75. Now if GLD goes below 126, decisively, it will head down to new lows. However, if it goes up and hits 136.75 or there abouts, then it will reverse and head down to new lows. It would seem that one way or another, GLD is headed down, eventually. Be prepared to have those targets changed as the market moves in what ever direction.
    I hope I have helped clarify the situation.
    Mar 24 04:56 PM | 1 Like Like |Link to Comment