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  • Lo, A Market E'er Booming [View article]
    Kevin, I liked your advice on stock buybacks: "When corporations can't get enough of their own shares is the time one should be thoughtful, courteous, and polite, and start slipping them your own."
    If the reluctant retail investors don't want to step up to the plate and buy the accumulated shares of the smart money, the corporations are willing to do so via buybacks. That's what you call cooperation.
    Dec 19, 2013. 11:12 AM | Likes Like |Link to Comment
  • Will The Natural Gas Rally Slowdown? [View article]
    Lior, your charts show the significant slippage of UNG versus NG. It is a very poor investment choice for a buy and hold investor. However, the large and frequent swings of UNG can be successfully played by an experienced and nimble investor but it is not something a regular investor is likely to do well at.

    I don't know how much upside is left in NG and it is very dependent on the weather. Except for one remaining small position, I have sold out of NG and will wait until for a pull back before buying again. BTW, UNL has less slippage than UNG because of it's different structure.
    Dec 17, 2013. 09:49 AM | Likes Like |Link to Comment
  • Gold Stocks: The Great Contrarian Trade Of 2014? [View article]
    Very sensibly written article with sound advice.
    Dec 15, 2013. 10:45 AM | 1 Like Like |Link to Comment
  • The Euro Is Poised For A Steady Rise, Expect 1.50 In 2 To 4 Years [View article]
    Thanks for the input Papa.
    Dec 14, 2013. 06:32 PM | Likes Like |Link to Comment
  • The Euro Is Poised For A Steady Rise, Expect 1.50 In 2 To 4 Years [View article]
    The author has presented a good case for further appreciation of the Euro. While the nations of southern Europe are clearly a drag on the Euro, the strength of the northern countries, notably Germany, would appear to be enough to keep the Euro rising , particularly when considers the sad state of the U.S. and it's failing currency.

    I would like to see a side by side comparison of Germany and the U.S. in terms of what percentage of population is in the workforce, the percentage on social welfare (does Germany even have food stamps?), health care costs and wages. Anyone out there want to write an eye opening article?
    Dec 14, 2013. 12:36 PM | 1 Like Like |Link to Comment
  • Fed Taper: Good Or Bad For Gold? [View article]
    Zoltan, I believe that QE has not been a major factor in determining gold price nor will tapering. Let's not forget that gold was doing quite well for quite some time after QE began. Gold just doesn't dance to any American sideshow for very long no matter how much American investors want to believe it to be so. Demand is the key to gold pricing and the world's biggest consumer, India, has cut back on imports dramatically thanks to very successful government campaigns to discourage Indians from importing gold. The smart money saw it coming long before it became fact and the gold dumping was the result. Unfortunately, American investors are led by their media to believe that absolutely everything that occurs must have an American made causation factor and that is just not the case.

    Gold may rally when tapering begins or it may not but any response would be coincidental except to the extent that the American dollar may decline in value, thereby giving gold a boost. Currency adjustments to gold price have nothing to do with demand, which is the real driver of pricing for all commodities.
    Dec 14, 2013. 12:11 PM | 2 Likes Like |Link to Comment
  • Fed Taper: Good Or Bad For Gold? [View article]
    Interesting, as usual, I don't know what you are talking about. You might want to read recent comments back to early December before you open your mouth. Did you put any play money into the three gold producers I recommended on Dec 3? If you had, you would have done well even though the mining indexes have fallen since then.

    I was bearish on gold when it was appropriate to be bearish. However, no where have I ever said that gold was going to drop like a lead balloon. It has already done that! I turned bullish on the miners in early December. However, I am not ultra bullish on gold or the miners nor to I see new all time highs for either in the near future but everything I monitor is pointing to a rally that could be impressive. They may or may not be an capitulation sell off but I am buying moderately now. It would be a premature assumption to think that any rally will be the resumption of a bull market in PMs although no goldbug will ever believe that.

    I understand how to play the markets and being perma bearish or bullish is a good way to be on the wrong side of a market for a very long time. I also play with real money and am I not some armchair analyst.
    Dec 14, 2013. 11:18 AM | 3 Likes Like |Link to Comment
  • Astounding Retail Sales Justify Fed Tapering [View article]
    Improved retail sales is not the same thing as improved retail profits. How much of the increase in sales was only because of inflation? Real inflation is substantially higher than the what the government reports so how can it be reliably concluded that more stuff is being sold?

    Despite record corporate profits, the FED has continued and extended it's QE programs. If healthy corporate profits have not motivated the FED to taper, then why would an improved retail sales number be of any consequence in their deliberations?
    Dec 14, 2013. 12:36 AM | 2 Likes Like |Link to Comment
  • Near A Market Top? Then Buybacks Aren't So Smart [View article]
    The share buy backs are just another symptom of a sickness that has infected America to it's core. Instead of using the billions of dollars of buyback money to expand business, build factories and give people jobs, the money is turned over to those who own the stocks and that is most definitely NOT those who comprise the beaten down middle class.
    Dec 14, 2013. 12:24 AM | Likes Like |Link to Comment
  • Listen To The Goldfields CEO - Buy Your Gold Before Prices Jump [View article]
    Hebba Investments has been riding this bear market in gold down and isn't about to quit now. Consistent, if nothing else.

    Accumulating gold for the long term is not a bad strategy any more than accumulating, for the long term, crude oil, copper, wheat or even peanut butter. Pretty much everything is in a long term bull market and if one lives long enough, all commodities will have a pay off. That said, bear markets rarely end when the majority expect them to and make no mistake about it, gold is in a vicious bear market and a return to new highs could be a long way off.

    For the record, I recently became bullish on the miners but it seems that so has everyone else so that isn't a great sign. In the event of a rally, I will be taking profits early rather than later, that is, if there are any profits.
    Dec 13, 2013. 12:56 PM | 4 Likes Like |Link to Comment
  • Fed Taper: Good Or Bad For Gold? [View article]
    The author presents a very logical argument for lower gold prices. Unfortunately, logic and reasoning don't work so well in the markets any more.
    Dec 13, 2013. 12:36 PM | 1 Like Like |Link to Comment
  • Unemployment Claims Becoming Volatile [View article]
    The number of people who are out of work should be the only statistic the FED should be concerned with and not with just those who are eligible to file for unemployment insurance. What a farce.
    Dec 12, 2013. 10:43 PM | 2 Likes Like |Link to Comment
  • The Public Is Not In The Stock Market [View article]
    Too many would be investors are of the opinion that the stock market is manipulated by quasi-criminal organizations that include the traditional and investment banks. The perception is that these giant financial empires have the blessing and protection of those in the upper echelons of government. Many influential government advisers and appointees are former executives of the big banks and that doesn't sit well with a suspicious public. Even when bank wrong doing is exposed, nothing happens other then to have a 'deal' agreed upon, a fine is paid and then it's back to the business of fleecing the public at every possible opportunity. Nobody goes to jail other than the occasional unknown fall guy. The CEO's and executives appear to have immunity from ever being held accountable for their actions. This on going farce seriously damages the public's perception of the role the Banks play in the markets and accordingly, they avoid the markets that have every appearance of being 'rigged'.

    The nearly unlimited resources available to the big banks allow them to push markets in any direction they wish. Money is no object. Illegal short selling is no longer considered improper and is done on a regular basis with the regulatory bodies seemingly unwilling to do the job of regulating. It is now common knowledge that the FED is manipulating the markets with QE and how can you win against those guys? ( whether or not the FED is really intervening directly in the markets is not the's the perception that matters.)

    Then there is the high frequency trading computers whose sole purpose is to skim money from the honest investors. They should be banned, not encouraged by the exchanges since their very existence is undermining the confidence people feel about trading on a level playing field with other investors. You can't beat a high speed trading computer.

    Fundamentals don't mean a thing any more except when they can be used to lure a gullible public into buying when they should be selling. It's no wonder people would rather keep their money in the bank, safe from the vultures even if it means getting less than a 1% return. If they are really smart, they will keep it there or better yet, stuff it into a mattress!
    Dec 12, 2013. 10:12 PM | 12 Likes Like |Link to Comment
  • Don't Jump The Gun On Natural Gas [View article]
    Steve, I don't see how you figure the 10% down is not making use of leverage when playing futures nor are you "free" to use the other 90% to buy something else. What happens in the event that NG makes a sudden reversal and drops like a stone and the margin calls come on a dollar for dollar basis once past the margin limits? Then you are in big trouble unless you have deep pockets. While that scenario is unlikely, that is not the point. If you play futures long enough, it's just a matter of time before that exact situation happens, whether it's in NG or pork bellies. I have seen far out contracts lose 50% in a matter of days. You think stops will save you? Think again. The trading houses love stops and will routinely take them out just before a big move in the opposite direction. You have to live and breathe commodity quotes all day long or you get killed. You don't even sleep well because of after or pre-market trading that can result in massive moves.

    I played futures for years and know the pitfalls for a newbie. It is a very crooked game. The commodity ETF's are safer in that at least your loss is limited to what you have in.. I am not saying they are great but I have done far better than I ever did with futures and sleep well at night.
    Dec 12, 2013. 02:35 AM | 1 Like Like |Link to Comment
  • Don't Jump The Gun On Natural Gas [View article]
    Gumby, have you considered running for congress?
    Dec 12, 2013. 02:20 AM | 1 Like Like |Link to Comment