thriftybob

19 Comments

    • ON: Sun Oct 12th 15:10 PM
      Commented on:
      Gold: The Last Carry Trade
      I think the Central Banks have signaled that the suppression of gold prices is no longer their top priority. I don't expect we'll see gold sales from them as was done in the past because that would put them in a position of increasing their dollar reserves. I've also read recently that they are both not leasing out more gold, and refusing to roll older leases. Much of the supply in recent years has been from those leases and gold sales. Now the supply will be what the miners produce, which is a lot less. That explains the shortage of physical gold. As for why the price of paper gold is dropping, I thing its due to the deleveraging going on. Eventually, I think the price will rise to reflect supply and demand.
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    • ON: Sat May 31st 17:09 PM
      Commented on:
      Compared with Canada, U.S. Economy Looks OK
      I agree with all the above. IMO, the difference is the Canadians are issuing real numbers, and we are issuing fudged numbers.
      View article »
    • ON: Mon Apr 14th 11:35 AM
      Commented on:
      Gold’s 'Grand' Illusion
      Chavez or another country disenchanted with the confetti paper dollars will buy all the IMF gold they want to sell, and that will be the end of that argument. The dollar has no where to go but down further, IMO, until the real budget (ie including the war and SS money) and trade deficits end.
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    • ON: Thu Apr 3rd 15:16 PM
      Commented on:
      A Conspiracy to Kill Bear Stearns?
      I heard about a goldman sachs email telling the hedge funds they wouldn't back any bear stearns paper. Its surprising they aren't investigating into that.
      View article »
    • ON: Wed Apr 2nd 05:48 AM
      Commented on:
      The Myth of Gold as an Inflation Hedge
      IMO, Gold will eventually catch up with the printing presses.
      View article »
    • ON: Wed Apr 2nd 05:44 AM
      Commented on:
      Gold: Too Volatile to Be a Safe Investment
      IMO, Its the US DOLLAR that is TOO VOLATILE to be considered as a safe investment, and it is in a downtrend to hell due to the structural trade and budget deficits.

      At least gold is in a long term uptrend and has fundamentals that support its rise.
      View article »
    • ON: Mon Mar 31st 12:02 PM
      Commented on:
      Is it Finally Time to Sell Gold and Related Mining Stocks?
      I really don't see gold going much lower before foreign buyers, drowning in US dollars, decide to shift some of it to gold.
      View article »
    • ON: Mon Mar 24th 16:15 PM
      Commented on:
      U.S. Dollar Paradigm Shift Underway
      Boy, are YOU full of crap!!!

      The US dollar is worth WHAT compared to what its supposed to be worth? Go look at your constitution. Its been debased till its almost worthless. In the early 1900's a loaf of bread was 1 CENT. Look at it now.
      View article »
    • ON: Mon Mar 24th 14:57 PM
      Commented on:
      Recession? I've Got a Solution
      I applaud you're actually noticing that there is a problem with thiose deficit twins, and proposing ANYTHING to help bring them down.

      I feel the same way that they need to be reduced. I'll throw in some other ideas to improve the situation.

      tax non-renewable fuel heavily. I'm talking $2.00 a gallon additional. basically this will increase the price to where people reduce consumption, and imports will drop. offset this tax with equally reduced payroll taxes, either SS or Medicare so that there is no tax increase, just a shift from taxing work to taxing consumption of scarce resources.
      View article »
    • ON: Sun Mar 23rd 09:56 AM
      Commented on:
      How Bad Is the Dollar's Fall?
      From looking at the graph of the trade weighted dollar, you can see that there is something drastically wrong. What's misleading, IMO, is that we are buying oil in dollars, and if instead, we were buying it in the home currencies of the countries selling it, or ruples, as VZ has proposed, it would change the graph dramatically. As our foreign debt increases, so will the likelihood of this happening.
      View article »
    • ON: Mon Mar 17th 14:33 PM
      Commented on:
      JPMorgan and the Bogus Bear Stearns Deal
      They were on the hook for huge amounts of derivatives, which were bad enough that they erased the entire value of the company.
      View article »
    • ON: Mon Mar 3rd 16:05 PM
      Commented on:
      What's Caused Job Losses? Productivity Increases
      I think we are seeing the importation of sub assemblies and final assembly of same as "increased output" and "productivity gains" because the components brought in are much cheaper than making things here.
      View article »
    • ON: Sun Jan 20th 11:21 AM
      Commented on:
      Golden Star Downgraded After Bogoso Disappoints, Again
      At his low end of guidance with current gold price, GSS should earn 16 cents after tax in 2008. At the high end of guidance its 26 cents. Either way, Gold fields will buy it out by year end, IMO, beecause GSS has the largest concessions in Ghana.
      View article »
    • ON: Thu Jan 17th 03:07 AM
      Commented on:
      We're in a Recession - and On the Way to $60 Oil
      China and India will only be too happy to spend some of their piles of dollars to buy and use whatever oil we don't use. The number of cars on their roads is increasing at 22% per year, and those cars will need fuel. Otherwise, oil would already be at $60 because our demand has already declined.
      View article »
    • ON: Mon Dec 10th 12:53 PM
      Commented on:
      What Makes Golden Star an Explosive Gold Stock for 2008?
      Watch costs drop $250 per oz in Q4, and more in Q1 as production increases and revenues rise. Then tell us again all the reasons we shouldn't have bought. Long GSS here. 2008 will be the right year for it. Peter is leaving because he has little kids and raising/schooling them in Ghana wouldn't be very good. 3 Different insiders have bought shares in the past month. One of them was Peter. I've NEVER heard of anyone who's leaving filing a Form 4 to BUY before, let alone for a year's salary worth.
      View article »
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