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eagle1003

eagle1003
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  • Gold's Sharp Rebound Confirms Bottom Is In [View article]
    The Australians are making deals with China that will further undermine the US dollar's supremacy? That should earn them a spot on the American "Must intimidate into submission" list which is just one step ahead of the "Must bomb into submission" list.
    Apr 26 10:36 AM | 1 Like Like |Link to Comment
  • Crossroads, Will They Ever Let Stocks Go? [View article]
    Sorry, that comment was meant for another article on MCD. Don't know how it got here.
    Apr 23 07:17 PM | Likes Like |Link to Comment
  • The U.S. Economy: How Did We Get Here? Where Are We Headed? [View article]
    haiguike: You might want to read the rest of the article. You might learn something.
    Apr 23 09:56 AM | 16 Likes Like |Link to Comment
  • Canadian Investor Frank Giustra Rotating Out Of Gold ETFs And Into Miners [View article]
    Interesting article. I believe that ultimately, Mr Giustra will be proven correct. There is a gradual but persistent move away from the US dollar as the world's reserve currency and also in it's role as the oil petrodollar. To date, the US has been able to intimidate smaller countries with the threat of military enforcement of the petrodollar doctrine but that threat isn't going to work on Iran, China or Russia India and several others. America cannot bomb them all into submission.

    It makes sense that the purchasing power of the dollar will continue to erode and that gold will be a big beneficiary of that inevitable decline.
    Apr 23 09:33 AM | Likes Like |Link to Comment
  • Crossroads, Will They Ever Let Stocks Go? [View article]
    What is that they are passing off for meat in their burgers? It looks like something that has been recycled.
    Apr 22 06:05 PM | Likes Like |Link to Comment
  • New regulations here and across the pond will eliminate $17B of trading revenue from the global banks, says Deutsche Bank - about 9% of total sales last year. The costs will be onerous enough, says Deutsche, as to maybe force the departure from FICC (bonds, commodities, currencies) trading of any firm with less than 6% market share. At risk: HBC, RBS, CS, MS, SCGLY.PK. UBS has already exited. [View news story]
    Maybe we should organize a protest on their behalf?
    Apr 22 03:51 PM | 4 Likes Like |Link to Comment
  • Could Thursday, April 11th Really Be The 2013 Spring High For S&P500? [View article]
    Let me consult my crystal ball. Okay...here it is.... have we seen the high for the spring? Yes.
    Apr 22 03:07 PM | Likes Like |Link to Comment
  • 26 ETNs May See Premiums And Discounts After Issuance Halted [View article]
    This is why I avoid buying ETN's and only do so when an equivalent ETF is not available.
    Apr 22 11:34 AM | Likes Like |Link to Comment
  • Will Natural Gas Reach $5? [View article]
    Shorting NG would be very risky. The upward momentum is just too strong and it isn't due to 'short covering' baloney.
    Apr 22 11:30 AM | 1 Like Like |Link to Comment
  • Gold - The Ultimate Blame Game [View article]
    AVI: Don't give up. Just keep calling out those numbers and sooner or later you will be right.
    Apr 21 02:36 AM | 10 Likes Like |Link to Comment
  • Gold miners soon will release quarterly earnings, but J.P. Morgan says investors should focus on what the companies are doing to cut costs. Barrick Gold (ABX) would be profitable even if gold falls to $1,300/oz., the firm says, but remains vulnerable due to cash needed to operate the Pascua Lama mine and massive debt on its balance sheet. Goldcorp (GG) has a strong balance sheet and $2B in an undrawn revolver. [View news story]
    I keep reading about how all the coin dealers are sold out. Is the retail investor the new 'smart money'?
    Apr 20 10:35 AM | Likes Like |Link to Comment
  • Why You Should Cover Natural Gas [View article]
    The main future demand will be export related. The Obama administration cannot continue denying export permits to the various big companies that want the best possible price for their product. Ultimately, they will prevail and that will change the dynamics of having a plentiful domestic supply of NG. Oh yes, it will still be plentiful, just not cheap.
    Apr 19 02:29 AM | Likes Like |Link to Comment
  • Unintended Consequences Increasing World Demand For Gold [View article]
    The transfer of wealth from the west to the east has been going on for some time and the process has accelerated in the past few years. US dollars are no longer trusted and for good reason. Now they want gold and we are handing it over in exchange for American funny money that they are more than happy to give back. It will be interesting to see if Asian demand picks up once the bottom is in following the current sell off.
    Apr 19 01:56 AM | 1 Like Like |Link to Comment
  • Gold: A Bright Shining Lie? [View article]
    Nicely done article. I enjoyed it immensely, thanks.
    Apr 18 05:04 PM | Likes Like |Link to Comment
  • Gold: Where Are We Now? [View article]
    Tom: What do you think of my "Faint hope"?

    I am not sure that sales of physical gold by coin and bullion dealers is of any great significance other than it demonstrates that the retail buyer is overly interested. That, by itself, is not going to ignite the gold market and may even be a bad sign. However, if the big ETF players were to become as interested in the physical as the retail investor then we would have a whole new ball game.

    It is my understanding is that is not so easy to redeems one's paper gold for the real thing. (Does anyone know better or have been successful at redeeming ETF paper?) If that were true, then the current selling frenzy by the large ETF holders would make sense if it was done for the purpose liquidating paper gold assets in favor of ultimately obtaining real gold and by driving the price down, get it at a lower price.

    If such a supposition were true, a rush by the big boys to obtain physical gold would get the public's attention, and in a big way. The demand could be like nothing we have ever seen. So, is that scenario just a faint hope or a possibility that could be considered seriously?
    Apr 18 03:37 PM | 1 Like Like |Link to Comment
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