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Rico59

Rico59
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  • Seadrill: Lessons From The Frontline [View article]
    Whenever "backlogs" are used to sell a stock story, it is a giant red flag. It is similar to PM and energy companies selling their assets "in the ground". WAY too much room for monkey business...
    Sep 18, 2014. 03:52 PM | 3 Likes Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    Please--you don't really believe that, do you?
    Sep 18, 2014. 12:39 PM | Likes Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    Speak for yourself.
    Sep 18, 2014. 12:37 PM | Likes Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    Of course, any capital gains are evaporating, too, so is this really a laughing matter?
    Sep 18, 2014. 09:36 AM | 1 Like Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    When the technical picture becomes so bleak, stock losers always quote the "fundamentals"...
    Sep 18, 2014. 09:34 AM | Likes Like |Link to Comment
  • Seadrill Ltd: When Will The Pain End? [View article]
    The deepwater drilling space is the new Canadian oil sands: a hyper-expensive technology in a VERY soft commodity business.

    The bottom is not even close. Some analysts' note today talks about how rigs coming off contracts are essentially dead assets for which there is no market.

    I have no doubt that someday demand will justify a high price for going after the supply, but it is impossible to predict anything about that, except to say it is in the UNforeseeable future, and in my experience, these situations just result in relentless grinds lower e.g. gold miners. The dividends WILL be cut as this process unfolds, and it is an extremely rare individual who will stay involved while institutions continue their selling, and the dividend will NOT compensate you for your capital losses. Averaging down is ALWAYS a bad idea.

    All you bulls should remember Peter Lynch's adage "It's always darkest...right before it's pitch black!"

    GLTA
    Sep 18, 2014. 09:31 AM | Likes Like |Link to Comment
  • New Low In Silver; Lower Low In Gold Still To Come [View article]
    Out of Warren Buffett's famous Gold Cube (60 yards on a side), it is estimated that <5% is EVER traded. There is PLENTY of gold out there--it just is not needed to satisfy demand. In addition, more and more is being discovered and mined, year after year

    Don't make the mistake of comparing a commodity to a Picasso.
    Sep 15, 2014. 11:11 AM | Likes Like |Link to Comment
  • New Low In Silver; Lower Low In Gold Still To Come [View article]
    If you'd read my post, you would see that I was making that exact same point. Why in the world would I want to buy PMs when they have so much more downside? Like yourself, as I have done for decades, I like to buy things LOW. Calling today's inflated prices "lows" is ridiculous. The bottom is a looonnng ways away...
    Sep 15, 2014. 11:07 AM | Likes Like |Link to Comment
  • New Low In Silver; Lower Low In Gold Still To Come [View article]
    There is no evidence that a GSR of 16:1 will ever be seen. There is no possible way to predict this
    Sep 14, 2014. 09:53 AM | 3 Likes Like |Link to Comment
  • New Low In Silver; Lower Low In Gold Still To Come [View article]
    It is completely impossible for you to have "the sure knowledge" that, in a year's time, the price will be up, down, or flat. What is the point of making such statements? To make yourself feel better? There are much better ways, such as admitting to yourself that your long call was wrong, and taking steps to correct it.

    Faith, geopolitics, etc. have no place in trading. Just learn from the PRICE, which is right there, 24/7/365, for all to see.
    Sep 14, 2014. 09:50 AM | Likes Like |Link to Comment
  • New Low In Silver; Lower Low In Gold Still To Come [View article]
    We'll all know the bottom is truly in when the retail goldbugs are finally quiet.

    It will take more than a simple waterfall liquidation, we'll need a decent period of complete disinterest in the PMs (excluding the prepper survivalist hillbillies, of course). Only when they are TRULY left for dead can we expect any kind of new bull.

    Price-wise, it will start at prices today's bugs can't even imagine in their scariest nightmares.
    Sep 14, 2014. 09:43 AM | 3 Likes Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    Oh, don't worry--there will be metal available. The world is swimming in it.
    Sep 7, 2014. 12:31 PM | 1 Like Like |Link to Comment
  • Sell Apple And Prepare For A Market Crash [View article]
    SA has been making some important changes lately. I suggest the following:

    A true authorial financial risk should be associated with any article that purports to tell the future.
    To wit: If you're right, you get to keep your view income.
    If you're wrong, you have to pay SA the same amount.

    This will rapidly put an end to this kind of garbage.
    Sep 7, 2014. 07:34 AM | 2 Likes Like |Link to Comment
  • Yield On Cost: A Vitally Important Consideration For Retired Investors [View article]
    Thanks for your reply--I agree that your examples make sense
    Sep 5, 2014. 02:23 PM | Likes Like |Link to Comment
  • Yield On Cost: A Vitally Important Consideration For Retired Investors [View article]
    I have great respect for your articles, and always read them with interest. Nonetheless, it does not make me a "narcissistic purist" to criticize the concept of YOC as nothing more than an artificial "feel good" metric, that artificially distorts the benefits of income investing .

    The only honest way to describe the yield on any portfolio is current yield. Indeed, what else could it be? The YOC conceit is based on the appreciation in the price of a portfolio's securities. Isn't it enough that an investor's portfolio has increased in value?

    Keeping things honest in this way also controls for portfolio growth across investing styles. What difference is there if an income and a growth portfolio have both increased in value by 20%? The profit spends the same.

    I know my comments will not change the minds of the YOC aficionados, any more than vice-versa. This is one area where I think you will leave the doubters unconvinced.

    Again, thank you for all your great contributions to SA.
    Sep 4, 2014. 08:00 AM | 29 Likes Like |Link to Comment
COMMENTS STATS
279 Comments
680 Likes