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eagle1003

eagle1003
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  • Observations From My Trip To China [View article]
    Thanks for the article. It was an enjoyable and interesting read.
    Nov 1, 2013. 10:43 AM | 8 Likes Like |Link to Comment
  • Gutless Federal Reserve Blames 'Fiscal Policy' [View article]
    Nothing "tanked" today in a spectacular fashion. All moves were rather minor with little follow through in the after hours markets.
    Oct 31, 2013. 02:07 AM | 1 Like Like |Link to Comment
  • Gutless Federal Reserve Blames 'Fiscal Policy' [View article]
    Interesting: " I thought that gold was supposed to jump upwards" I hope you are not serious. QE has done nothing for gold. (now some gold bug will say... just wait and see!)
    Gold pricing is primarily about demand from India and China, not QE.
    Oct 31, 2013. 02:02 AM | Likes Like |Link to Comment
  • 12 Reasons Why Gold Will Rebound in 2014 [View article]
    Hmm, I guess there just has to be a made in America reason why gold should go up just because that's what American readers want to believe. The world does revolve around America, doesn't it? Actually, it doesn't. Lets look at a few facts that tell the real story behind gold's fall from grace.

    During the 2nd quarter of 2013, U.S. consumption of gold was a measly 24 tonnes or 4.8% of the world's total. On the other hand, India consumed 123 tonnes ( 24% of word total) with China gobbling up another 127 tonnes (another 25% of total). The combined totals of China and India of 250 tonnes during the second quarter is actually down a whopping 91 tonnes from the 340 tonnes during the same period of 2012. Maybe that is why gold has been struggling? Here is a link that provides the facts for the doubters: ( look at the Q2 report in pdf format): http://bit.ly/tqAlc2

    It's kind of comical to talk about 'made in America' events as possible drivers of gold pricing when one considers that even if American consumption of gold were to triple from current levels, it would hardly cause a ripple in the world's gold markets. American side shows are just not going to create sufficient domestic demand for gold to make a difference.

    Sure, if the American dollar collapses, gold priced in American dollars will appear to be going up in exactly the same way the Indians saw gold at record highs in their falling currency, the rupee. Despite what the media and many authors here on SA would have you believe, the rising price of gold did not create more demand in India. In fact, just the opposite occurred. (Now someone will say, what about smuggling.... gold bugs never give up)

    For what it's worth, I think the current rally has some legs but let's be realistic about how far up the ladder it will get. I also believe it prudent to get assets out of the American dollar no matter what gold does. It is being gradually beat to death by the reckless anti-capitalist behavior of the FED.
    Oct 26, 2013. 12:10 AM | 4 Likes Like |Link to Comment
  • Gold Prices Still Dependent On The U.S. Dollar [View article]
    Mrfisher111: Very well put!
    Oct 25, 2013. 10:43 AM | Likes Like |Link to Comment
  • As The Bernanke Era Comes To An End A New Global Paradigm Is Almost Certain But Few See It Coming [View instapost]
    Fear and Greed: I think you will be proven correct with your predictions. The degree of complacency in the market is signalling that it's time for a good scare.
    Oct 24, 2013. 04:00 PM | Likes Like |Link to Comment
  • As The Bernanke Era Comes To An End A New Global Paradigm Is Almost Certain But Few See It Coming [View instapost]
    Mr. Stuber: I am now short the market by being long SPXU. I expect to see a rather nasty correction that may even look like a crash. That being said, I am now bulllish on the gold juniors and have taken on substantial long positions in gold stocks. I am also very bullish on Natural Gas and currently have several long positions in the commodity.

    Let's see what happens.
    Oct 24, 2013. 03:55 PM | Likes Like |Link to Comment
  • Natural Gas: Positive Signs Emerging [View article]
    Buy, Buy, Buy. I am loading up at the $3.60 level. The producers are not going to allow prices to collapse from over supply again. The lesson has been learned.
    Oct 24, 2013. 02:19 PM | Likes Like |Link to Comment
  • Jobs Disappoint, Sends Dollar To New Lows For Year Vs Euro And Swiss Franc [View article]
    My currency holdings are now 50% Swiss franc, 30% Euro and 20% Canadian dollar. The US dollar will have it's rallies but it is a sinking ship, regardless of good or bad any job report may be. The fall should be dramatic. The FED's attempt to micro-manage the US economy by using it's unfettered authority to create money at will eventually prove to be the biggest mistake the FED has ever made.

    I have no idea what will replace the US dollar as the world's currency in trade but any such transition would likely occur over a period of years, not overnight. Perhaps it may be a new world currency backed by many nations and hopefully, managed by anyone other than the Americans. The decline in the American dollar to date is a direct result of the FED's actions and the decline will continue until long after the printing of funny money stops, if that should ever occur.
    Oct 23, 2013. 03:38 PM | Likes Like |Link to Comment
  • Jobs Disappoint, Sends Dollar To New Lows For Year Vs Euro And Swiss Franc [View article]
    I can hardly believe that this author is attempting to link the declining dollar to a jobs report. What a silly supposition. The dollar is being sold by smart traders, worldwide, who know that the dollar's status as the world's currency of trade is coming to an end. It will eventually find a new level and it will be much lower than it is today. I have personally dumped almost all my US dollar holdings and like the vast majority of traders, could give a rats a** about a job report.
    Oct 23, 2013. 02:03 AM | Likes Like |Link to Comment
  • A Ticking Time Bomb For The U.S. Dollar In Yesterday's Budget/Debt Limit Agreement [View article]
    Dave, nice article and very relevant. The dollar's downward slide is picking up momentum. We should see a corresponding increase in the price of gold unless falling demand drives it down even faster than the dollar's decline.
    Oct 20, 2013. 11:05 AM | Likes Like |Link to Comment
  • Weekly COMEX Gold Inventories: Large Single Deposit At JPMorgan Doubles Warehouse Eligible Gold [View article]
    The Walmart closest to my home ran out of peanut butter over the weekend. I was told that they are having trouble keeping it in stock because there had been a big price cut and the warehouse had none in stock. Obviously, supply very tight thanks to deliberate efforts buy someone to slash the price. Without a doubt, it is a slam dunk that any day now the price is going to jump big time. The recent price cut must be some kind of trickery. I frantically raced to the next closest store and bought every remaining jar on the shelf. I will continue to hoard peanut butter and intend to sell it to my neighbor's at a huge profit when the price soars.
    Get your peanut butter now before it's too late!
    Oct 20, 2013. 10:29 AM | 8 Likes Like |Link to Comment
  • Spyglass Resources: An Undervalued Energy Play Yielding 15% [View article]
    This article does a good job of making a bullish case for Spyglass. The 14 % dividend appears to be safe, unless of course, crude oil were to take a tumble. Canadian natural gas is priced well below that of the US and Spyglass will be a big beneficiary when NG prices normalize. I have this one in my portfolio and feel quite comfortable with it and will buy more on weakness.
    Oct 19, 2013. 11:07 AM | 2 Likes Like |Link to Comment
  • The S&P's Tragic Rise Will Continue [View article]
    This is an excellent thought provoking article. Well done!
    Oct 17, 2013. 03:27 AM | 4 Likes Like |Link to Comment
  • It Could Be Worse [View article]
    The degree of complacency that we are seeing in the markets is something to be concerned about. Investors have been lulled into believing that the FED will protect them from any market correction that gets too ugly. That is a dangerous assumption.

    It is noteworthy that a few of the perma-bear contributors here on SA have suddenly become bullish or in one particular case, a die hard bear has stopped making his weekly calls for a market crash. Something does not look right and accordingly, today I took out plenty of downside market insurance.

    If there is one thing about the market that is predictable, it's when all the suckers are lined up on the same side, they are going to get the same haircut.
    Oct 15, 2013. 10:06 PM | 1 Like Like |Link to Comment
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