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eagle1003

eagle1003
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  • Russia Forex Selling Highlights Monetary Policy Risk To Gold [View article]
    Robert may be correct. Gold bought by the central banks can not be counted upon to be gold that will never again be put up for sale. That just isn't how it works. They don't see it as a profit/loss situation as an investor does.

    I don't have a clue where gold is going to be six months from now but it's looking toppy and may sell off hard in the near future. As of today, I have completely sold out of all gold related positions. The easy money has been made on the oversold gold stocks, very few of which are showing clear signs of a lasting reversal.
    Mar 6 06:44 PM | Likes Like |Link to Comment
  • Natural Gas Tries To Form A Bottom [View article]
    I can't get enthused about getting long until we see sub $4.20 numbers. Below 3.90 would be a 'back up the truck' event.
    Mar 6 06:13 PM | Likes Like |Link to Comment
  • Natural Gas Tries To Form A Bottom [View article]
    I am looking for sub $4.40 before getting long. $4.00 be a 'back up the truck 'event.
    Mar 6 06:09 PM | Likes Like |Link to Comment
  • S&P 500 - The Bull Market Is Only 1 Year Old [View article]
    The author's premise that the current bull market is only one year old, based on a line drawn from previous peaks is certainly a novel idea but is not supported by historical data.

    If the correction of 2011 is considered to have been the bottom of a short bear market, then the current bull market is roughly 30 months old. The sector rotation models are supportive of that premise with the financials having led the way. Yes, health care was also very strong but that situation has been an anomaly caused by the bulge of baby boomers who are entering their senior years, accompanied by exploding health care issues. Profits in health care are going to a strong driver of stocks in that sector.

    Expect to see less strength in the financial sector and increasing strength in oil and gas as well as materials sectors. The health care sectors will almost certainly remain strong well into the first leg on the next bear market.
    Mar 2 10:07 AM | 1 Like Like |Link to Comment
  • U.S. Dollar: Will It Increase Until Midyear? [View article]
    Meant to say " DX weekly and monthly charts look even more bearish..."
    Mar 1 09:11 PM | Likes Like |Link to Comment
  • U.S. Dollar: Will It Increase Until Midyear? [View article]
    Gam: Agreed, daily charts are useless but the DX weekly and money charts look even more bearish than the daily chart. The yen looks like a buy and ready to explode upwards.
    Mar 1 06:44 PM | Likes Like |Link to Comment
  • Gold Rally Continues On Ukrainian Uncertainty [View article]
    Gold's rally during the on-going crisis in Ukraine is rather tepid if not non existent. The U.S. dollar is not reacting in a positive way either. I am rapidly losing my short lived enthusiasm for gold and have liquidated all mining stocks at nice profits. In my opinion, shorting the stock market has much better potential for profits.
    Mar 1 12:18 PM | 2 Likes Like |Link to Comment
  • U.S. Dollar: Will It Increase Until Midyear? [View article]
    Last time I checked, the dollar was in decline mode and not providing any technical' reason to expect that it is headed higher.
    Mar 1 11:46 AM | Likes Like |Link to Comment
  • Natural Gas Futures Are Cheap, Buy On Dips Below This Level [View article]
    How much NG is in the ground doesn't mean a thing if producers are not willing to drill for it at unprofitable prices. Even with high levels of production, there is no guarantee that prices will remain low. Look at the price of American produced oil as an example of how price can go up in spite of a supply glut. The big producers are no different than the oil cartel and they want higher prices and they will get them.
    NG is going up over the next 12 months and any sell offs should be bought aggressively. There will always be some kind of 'excuse' for the price to go up despite ample supply in the ground.
    Feb 24 05:49 PM | 1 Like Like |Link to Comment
  • The Bear Market In Gold And Silver Miners Is Most Likely Over [View article]
    Prefan4200 has got it exactly correct. Not every buyer or seller meets their objective when there are others who they are competing with. I have seen homes receive over 50 bids from interested buyers. Of course, ultimately, there is only one sale but at the maximum price bid. The same principle applies to stocks and commodities.
    Feb 20 01:17 PM | 2 Likes Like |Link to Comment
  • The Bear Market In Gold And Silver Miners Is Most Likely Over [View article]
    BiGBearShort: Very clever of you to point that out. You must make a ton of cash with that earth shaking insight.
    Feb 20 11:21 AM | 18 Likes Like |Link to Comment
  • The Canadian Small Cap Equity Markets Are In Crisis [View article]
    Excellent article and well timed. I have been scooping up severely depressed TSX venture stocks during the past few months as so many have reached what appears to be selling climaxes on heavy volume, indicating selling by large institutions.
    Feb 19 10:44 AM | 3 Likes Like |Link to Comment
  • Weekly COMEX Gold Inventories: Quiet Week But Gold Inventories Continue To Decline [View article]
    After I have read all the other SA articles, I read this same old Hebba story that is completely meaningless. I swear that I will not click on another one no matter how bored I am.
    Feb 16 10:58 AM | 2 Likes Like |Link to Comment
  • Gold: Setting Up For Another Fall [View article]
    Richard, your track record has been very good with some dead on calls for gold. Congratulations! I suspect the current rally will run out gas somewhere in area of $1350 followed by another dip to the $1200 vicinity. New lows are quite possible.
    Yes, rising interest rates are not good for gold. However, far too many analysts are making the assumption that rates must go up. I wouldn't be so sure of that. If the economy begins to tank, it would not be surprising to see rates once again challenge their lows and do so very quickly. Under that scenario, gold could surprise everyone and make a run for it's all time high during the next recession which of course, will arrive in due course.
    Feb 12 11:56 PM | 5 Likes Like |Link to Comment
  • About That 'Scary' 1929 Graph [View article]
    Hats off the the author for demonstrating how chart comparisons can be deceiving.

    As other commentators have pointed out, there are few similarities between the 20's and today, in terms of the economy. Things were booming then, for almost everyone, and today things are booming only for that 1% that have become so adept at helping themselves to free money provided by their friends in government and of course, the FED.
    Feb 12 12:46 AM | 3 Likes Like |Link to Comment
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