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  • When Will It End? [View article]
    If gold headed up before the black swan, then it is not black swan.
    May 29, 2015. 09:09 AM | Likes Like |Link to Comment
  • Boredom Takes Gold To The Top Of The Trading Range [View article]
    I'm in wait and see mode too. However, if gold could get pass $1400 in September when AIIB and CIPS become operational, I wouldn't wait for $1050 to back up the truck any more.
    May 18, 2015. 09:22 AM | Likes Like |Link to Comment
  • It's Time To Buy Gold [View article]
    Thanks for the link, it's very informative and very sad.
    Apr 13, 2015. 05:38 AM | Likes Like |Link to Comment
  • Are There Any Potential Upsides In Store For Alpha Natural Resources? [View article]
    I started bottom fishing at around $3, both ANR and ACI. I can't believe I can still get burn at $3. I'm now taking on BTU and CLD at $6.
    I refuse to accept that coal is dead.
    Apr 11, 2015. 05:18 PM | 1 Like Like |Link to Comment
  • Coal: The 'War On Coal' - Or 'Creative Destruction' - Continues [View article]
    Hey, you started it.

    Let's take the politics elsewhere, perhaps we should debate "Unemployment is down, S&P is up..." without any political reference.
    Apr 7, 2015. 09:12 AM | Likes Like |Link to Comment
  • Coal: The 'War On Coal' - Or 'Creative Destruction' - Continues [View article]
    Come on, unemployment is down but labor participation rate is at the highest ever. Young folks are working part time jobs and trying to live in their parents' basements with dignity. Older folks cannot retired because they have to support their kids living in the basement.
    The S&P is up not because the economy is humming out jobs, it's up because the job numbers are so horrific that speculators expect the fed cannot raise rate. Let's not forget the S&P 30% plus gain in 2013 was also due to bad, real bad, economic news which raised the expection of more QEs. However, I agree, there is more to do, like kicking out the Republian Rinos, the lying and cheating Democrats out of Washington and bring in the Tea Party Republicans.
    Btw, Democrats not only forget that they wanted George W. Bush to fail, they wanted to put him in jail as a war criminal. Now, they put the blinder on as Obama supplying weapons to arm various fringe groups of Al Qaeda - ISIS is one of them. It's funny that how Democrats think Bush is a war criminal but Obama is not a sponsor of terrorism.
    Apr 7, 2015. 07:58 AM | 2 Likes Like |Link to Comment
  • Don't Buy Gold Now, Wait Until It's Under $1,000 [View article]
    I don't think my coins reflects global supply/demand. However, I do think it is indicative that Americans are not buying physical as much as they have done in the past few years.
    Perhaps Doug can shine a light on this matter.
    Apr 6, 2015. 11:04 AM | Likes Like |Link to Comment
  • Don't Buy Gold Now, Wait Until It's Under $1,000 [View article]

    Gold will not back the next reserve currency as in the old fashion gold standard. Gold standard failed because we didn't have the technology to handle real-time exchange rates, gold price was stuck at $35/oz regardless of the economic cycles. We now have the technology and a functioning (?) FX market to handle constant changes in the prices of gold, reserve currency and regional currencies.
    The problem we have now is that whether the FX market we have is truly functioning. As long as that question remains questionable, the current reserve currency which is not back by productivity or gold has to be stripped of its reserve status to rid its ability to manipulate prices of PMs/commodities via the future markets.
    I suspect the next reserve currency, SDR, is already materializing under our eyes. The rest of the world has already rallied behind the Chinese AIIB - the fact that American mainstream media is not covering this matter is really making me nervous. We will likely not be able to stall the inclusion of the Chinese yuan into the IMF's Special Drawing Right when CIPS is operational later this year.
    SDR's issue is that it will be a basket of currencies riddle with debts. A FX reset and a thingy as a reserve asset, free floating/unmanipulated gold, will be necessary to keep all participating regional currencies honest.
    I think with the power of modern technology, the new freegold standard will be a lot more flexible.
    Apr 5, 2015. 10:47 AM | 2 Likes Like |Link to Comment
  • Don't Buy Gold Now, Wait Until It's Under $1,000 [View article]
    Whoever can afford to buy substantial amount of physical gold has already crossed the finish line. You should focus on your own pace and stop worrying why others are not in a hurry.
    Apr 4, 2015. 12:26 AM | 4 Likes Like |Link to Comment
  • Don't Buy Gold Now, Wait Until It's Under $1,000 [View article]
    User 14606312,

    I wonder about owning real estate in Greece. Has the money hungry government started going after property owners via increasing property tax?
    Apr 3, 2015. 04:04 PM | 1 Like Like |Link to Comment
  • Don't Buy Gold Now, Wait Until It's Under $1,000 [View article]
    I should have listen to you regarding mining stocks. I could have a roll of American eagles instead of 8000 shares of ANV.
    What I can't understand is that ANV is still operational and producing PMs while bankrupted.
    Apr 3, 2015. 03:32 PM | Likes Like |Link to Comment
  • Don't Buy Gold Now, Wait Until It's Under $1,000 [View article]
    If you didn't have a ounce of PMs, it's not too early or one shouldn't wait to start averaging down. If one were sitting on a pile already, one shouldn't double down too early but should buy a little on the dip to quench the thirst.
    I could be wrong but that is gist of what I got from Doug.
    Apr 3, 2015. 03:18 PM | 6 Likes Like |Link to Comment
  • Don't Buy Gold Now, Wait Until It's Under $1,000 [View article]
    I love gold too but I think Doug is probably right. I just bought 3 American Eagles last month and delivery was made within 2 weeks. All three were minted in 2014 which is indicative that the dealer has excessive supply from last year. I am buying a little at a time on big dip but am keeping the bulk of my powder dry for $1000 to $1100.
    Apr 3, 2015. 12:06 PM | 5 Likes Like |Link to Comment
  • Fed Vice Chair Fischer's Retreat And GLD [View article]
    This could be the beginning of the end of the dollar reserve status. Asian markets make up close to 80% of global physical gold demand. If the US refused to surrender its reserve status, with the backing from the EU and Russia, China can break the dollar by forcing the price of gold float freely, buying excessive amount of physical gold which the west or US cannot deliver - UK and most members in the EU have already defected to AIIB, US seems to be all alone. That would be the emperor has no clothes/gold moment.
    Mar 26, 2015. 10:09 AM | 1 Like Like |Link to Comment
  • Fed Vice Chair Fischer's Retreat And GLD [View article]
    John Exter, one of the world’s most knowledgeable individuals on international banking and the US Federal Reserve System, believed dollar would crash and burn in 1991. He created the Exter's Pyramid,, which illustrates when the public realize the dollar's worth is questionable, debtors will begin to default on their debt; and when will settle depression and deflation, gold will again play as a store of value par excellence.

    His prediction that the inflation in 80's would end in a deflation and a debt collapse didn't materialized.

    In 1999, many predicted that the dollar would crash and burn after the euro was introduced. However, debtors didn't run to euro and the dollar didn't collapse.

    In 2010, I predicted the dollar would crash and burn in hyperinflation. That didn't happen either. However, I still believe the dollar will crash and burn but I have no idea how and when exactly. Maybe euro didn't have the strength to absorb the US debt overhang in 1999, Perhaps distributing that overhang more evenly across various currencies via SDR would do the trick?

    Contractual debt can certainly run to Yuan, or SDR, or Euro if the parties believe there is a better equity stake in the future of that currency. It is still just a place for debt to hide in where it's value is "re-derived" from the currency's backing.

    Eurasion bloc currencies will have the backing of gold, production capacity, land mass and resources and working classes. Developed currencies will have the backing of "old money", debt, technology and surveillance and military might.

    I suspect if the US continued to be uncooperative regarding the IMF Quota and Governance Reform 2010. The rest of the world would set up an alternative, perhaps via AIIB, to force US cooperation.
    Mar 26, 2015. 09:20 AM | Likes Like |Link to Comment