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ltsgt1

ltsgt1
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  • Crude, gold look to end July with a bang [View news story]
    Americans don't need shale oil, natural gas, coal, copper, iron ore ...... as long as we have Uber, Google, Apple, Amazon, Disney, FaceBook, Netflix ....
    Jul 31, 2015. 07:09 PM | 1 Like Like |Link to Comment
  • Russian Gold Reserves Rise In June: Why Is Russia Still Buying Gold? [View article]
    One more,

    http://bit.ly/1GRW5H6
    Jul 26, 2015. 04:11 PM | Likes Like |Link to Comment
  • Russian Gold Reserves Rise In June: Why Is Russia Still Buying Gold? [View article]
    Well, I was breaking even but am slightly in the red now. What is your point?

    Are you going to inquire about the size of my net worth or penis next?
    Jul 26, 2015. 01:56 PM | 4 Likes Like |Link to Comment
  • Russian Gold Reserves Rise In June: Why Is Russia Still Buying Gold? [View article]
    Well, this scene from another movie, "Matrix", pop into my head.

    http://bit.ly/1Ip6obb

    Keep enjoying your steak.
    Jul 26, 2015. 01:18 PM | 1 Like Like |Link to Comment
  • Russian Gold Reserves Rise In June: Why Is Russia Still Buying Gold? [View article]
    "wake up doomer. the economy is fine and improving. employment booming, autos booming ......"

    Well, this excerpt from the movie "Invasion of the Body Snatchers" pop right into my mind as I read your comment - relax, go to sleep, everything is just fine.

    http://bit.ly/1Ip5PhJ
    Jul 26, 2015. 12:42 PM | 4 Likes Like |Link to Comment
  • Russian Gold Reserves Rise In June: Why Is Russia Still Buying Gold? [View article]
    Which desperate and dysfunctional country? Japan, France, Italy, China or the U.S.? The world is basketful of desperate and dysfunctional countries drowning in papers and it's not sustainable - Australia and Canada may join the club soon with the plunge in commodities.

    I wonder if that 25 tons of gold were mined domestically. If not so, how much longer can the west feed the hungry gold beasts in the east?
    Jul 26, 2015. 10:53 AM | 5 Likes Like |Link to Comment
  • The gold bear keeps growling [View news story]
    Only if REAL interest rates were up.
    Jul 21, 2015. 10:58 AM | 1 Like Like |Link to Comment
  • The gold bear keeps growling [View news story]
    "Once in a lifetime opportunity for unbelievable gains is right here at the doorstep."

    I concur with the statement and think this is a good time to start averaging down on physical. I'm ready to back up the truck half way at around $950. If I got a sense of shortage from $1050 to $950, I'd back up the truck all the way. And if I had difficulty getting physical, I would buy CEF instead. My dealer assured me that there isn't any gold shortage at this juncture. However, my former dealer had just gone bankrupt.

    http://bit.ly/1Ibzbvh
    Jul 21, 2015. 10:55 AM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    mike,

    "If you are betting against the market today, in fact you are fighting the Fed. History has shown that no one has made money fighting the Fed in the past"

    Well, I'm one of those who fought the fed in the past 7 years. I bought hard assets in oil, PMs, natural gas and coal. I bought a multiple dwelling building using another one of my buildings as collateral with no out of pocket cost.

    So far, I broke even in oil and physical PMs. I got killed in coal and PMs miners and suffered a small lost in natural gas while my real estates have gone up from 20% to 80% in that time frame.

    The Chinese police are arresting big stock sellers and anyone spreading bad financial news to prop up the market. I suspect we are not that much different than the Chinese and that is the main reason why contrarianadvisor's timing is off and may never materialize.

    We are living in a world that is upside down where gravity, logic and fundamental don't exist.
    Jul 10, 2015. 10:55 AM | 3 Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    contrarian,
    Do you think the fed will intervene once again before it falls to $20? Is it possible the next crash may be the catalyst which usher in hyperinflation?
    Jul 9, 2015. 08:12 AM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    mikestesla,
    I suspect some of the money which the Chinese moved away from the stock market has gone into the real estate market in NYC instead of GLD.
    Jul 9, 2015. 07:09 AM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    Filipo,
    Are you saying that oil price will be back at $80 but won't last long?
    Commodity prices are signaling we are heading toward Great Depression. Real estate and food prices in NYC signal inflation.
    Yes, and I think what happened yesterday in our exchange was engineered by the Chinese to get even.
    I'm wondering what would happen to commodity prices if the conflict with the Chinese escalated due to AIIB and the BRICS bank.
    Jul 9, 2015. 06:54 AM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    My crystal ball is so fuzzed that I'm about to throw it in the trash can. None of the hard assets, PMs, oil, natural gas or coal have performed as I expect. Fortunately, real estate price in NYC has gone into bubble zone once again. The paper gain I have in real estates has more than offset my paper lost in natural gas and coal.
    Do you think oil price will be back up to $80/barrel next year? Thanks.
    Jul 9, 2015. 12:14 AM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    Doug,

    I'm waiting for the $1050-$950 but wonder if there would be shortages at that low price. Are you confident that you can get inventory for your clients at that price?
    Btw, I'm not interested in rounds or bars. I hoard Eagles and Krugerrand.
    Jul 7, 2015. 11:21 PM | Likes Like |Link to Comment
  • Gold Bulls Are On Borrowed Time [View article]
    Filipo,
    You are correct. 2013 was the second big drop shortly after Germany asked for their stash. I believe China started accumulating physical gold in 2010.
    Jul 7, 2015. 11:04 PM | 1 Like Like |Link to Comment
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