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  • Daily State Of The Markets: Where's The Volume (And Is That The Right Question)? [View article]
    Agreed, Tack. I tend to follow the old saws; The trend is your friend, and Don't fight the Fed. There's a lot of money on the sidelines looking for somewhere to go. With the Fed all but guaranteeing low interest rates for two years, where is that money going to go? I took the panic-selling of last fall as an opportunity to buy and I couldn't be happer. I took some profits off the table last week and will continue to do so as the run-up continues, as I feel there may be some more panic-selling soon due to the Greece mess.

    In the meantime, I just watch the weekly jobless figures and keep an eye on earnings and I'm not too worried about a big crash in equities. If we do it will just be another buying opportunity.
    Feb 10 05:56 PM | 1 Like Like |Link to Comment
  • Retirement Strategy For Those 50 And Older [View article]
    Good article and apropos for me since I am getting ready to retire at age 54. Actually was outsource from my job but taking the opportuity to retire. I planned many years to be able to do this and growth and dividend staocks have played a big part.

    I have tried to impress upon my kids the importance of starting early. I like your PG recomendation. A couple years ago I started putting $50/month into their direct investment program for my son. It is impressive how quickly the dividends start piling up. I plan on increasing the amount and also starting one for my daughter.

    R-Solutions, I love your Die Broke philosophy. I just need to convince my wife of same.
    Feb 10 10:29 AM | Likes Like |Link to Comment
  • Axion Power Concentrator 50: Beginning Jan. 18, 2012, John Petersen's Follow-Up on FINRA Data  [View instapost]
    I'm with you, MH. I was just told my last day of employment is 03/19 and I'd like to put my severance and bonus to work while I don't, LOL. I've been outsourced to India and I am very lucky that it is the right time for me to go. 03/19 can't get here soon enough.
    Jan 19 12:30 PM | 10 Likes Like |Link to Comment
  • Axion Concentrator 41: Beginning Jan. 2, 2012 [View instapost]
    What was sweet for me was that I completed the position I wanted as the buyer at the LOD .275. I was happy about that.

    Unhappy that my average is .45, but I can live with that.
    Jan 3 05:36 PM | 4 Likes Like |Link to Comment
  • Axion Concentrator 28: Beginning Dec. 6, 2011 [View instapost]
    I'm not too crazy about the action this week, but did take the chance to pick up some more @ .31 this AM for my trading position. It's a sickness. I just hope it's a profitable one.
    Dec 7 10:25 AM | 6 Likes Like |Link to Comment
  • Would You Rather Be Right - Or Rich? [View article]
    Great article, Joseph. I can't believe I haven't found your work before this. Couldn't agree with you more. I like to look at charts and try to gain insught from them ,but I like making money more, and try to follow trends when I see them. I also don't listen to what everyone else is saying or doing, except in the context of doing the opposite. I like to listen to what all of my co-workers say they are doing and also do the opposite. I call that my "man on the street" index. It's usually wrong. In my personal short-term time frame (next 6 months) I see opportunity in equities and gold miners. Bought plenty of both during the August and October panic-selling. When I feel things are changing, I'll change my strategy as well.
    Dec 4 02:03 PM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 22: Beginning Nov. 19, 2011 [View instapost]
    Welcome and I appluad you. You have spent about the same USD as I, but have many more shares. Congratulations.
    Nov 22 02:41 PM | 4 Likes Like |Link to Comment
  • Axion Concentrator 21: Beginning Nov. 15, 2011 [View instapost]
    Wow. What a wild coupla days. I was too involved with work to call the CC, and when I did get a chance yesterday to look at the tape I almost sh**. I thank you all for putting so much time and effort into the DD here. I took advantage of the massacre to pick up a few shares @ .38.

    Seems like we have a winner here. I wish I had some more powder to take advantage of this pps. I think my average is down to .625 now. Wish I had waited earlier this year but we can't all get in at the low end.
    Nov 16 08:39 PM | 5 Likes Like |Link to Comment
  • Greece, Gold And Silver [View article]
    Zen, thank you for your input. Funny how it relates to what I have been telling my friends for months. I still believe we are in a bear market rally and will hit SP 1300 before TSHTF. I base my feelings on the amount of bearishness in the air. When this many people are bears, we usually see some upside first. Your charting backs up my gut.
    Nov 11 08:40 AM | Likes Like |Link to Comment
  • Greece, Gold And Silver [View article]
    Hey George,

    If you like Silver Wheaton what are your thoughts on Sandstorm? Nolan Watson is a bright guy. I bought a bunch at 78 cents and wish I had loaded up the truck. May look to add some more soon. One of the things I look for when investing in a young company is the management team. Can't get much better than Watson in the royalty business, IMO.
    Nov 9 03:52 PM | Likes Like |Link to Comment
  • Refinancing Europe - The Impossible Burden [View article]
    FM and UI,

    I also enjoyed your discourse. Very refreshing to see something other than personal attacks and diatribes on how one or other of our political parties is to blame for all of the world's troubles.

    As you say it is very hard to tell where we are headed from here, but I am relying on the olds saws "the trend is your friend" and "don't fight the fed". In today's case, our Fed and EU's ECB. I believe we will see more printing, which will result in an equity rally from here and higher PM miners. I'm waiting on a good entry point for Vanguard's VWO as a way to play EU's revival after some more panic-selling ensues.

    Totally agree on BAC and C. They both have plenty of cash to weather any short-term issues and their return to prominance is almost a certainty.

    Also agree on trouble appearing next year. Near-zero interest rates will not last forever and inflation will rear its ugly head. When you consider that interest rates run in 30-year cycles, is it coincidence that it has been 30-years since 1981, when I remember paying 21% for a car loan?
    Nov 7 12:54 PM | 1 Like Like |Link to Comment
  • A Strategy Is Needed For Lagging Gold Stocks [View article]
    Your premise is interesting. I'm not sure I would try a trading strategy now with gold, either bullion or mining shares, mainly because of the degree of volatililty we are seeing. I can't remember the specifics, but a buy and hold strategy worked well for me back in 1979-80 when I tripled my money by buying and holding Van Eck's III fund. Of course back then I only tripled my $800, but hey, it was a triple nonetheless. I'm no gold-bug, but I do see an eerie similarity now to then. Bullion is telling us that high interest rates are on the way, just like they were in the early 80's. I remember back then when everybody was talking about buying some gold. Hasn't happened yet. Haven't heard a word from the average Joe. I'll take advantage of the run and then head for the exit.
    Nov 4 08:08 PM | 1 Like Like |Link to Comment
  • Daily State Of The Markets: It's So Easy (To Be Negative) [View article]
    I like to consider what I call my "man in the street" index. When I keep hearing everybody talk about how bad things are and they wish the market would go up, etc... I usually look to hold because I figure we are going to rally. When I hear people talking about how happy they are because their 401k's have gone up so much...., I look to get out. That's what I did in 2007. Worked out well for me. Worked for me back 1980 as well when I tripled my money in gold mining shares. We haven't hit that stage yet, but I hope we do.

    Bird is my namesake, and I won't tell you what we did with the pigeons that inhabited the barn on the farm where I grew up. :-).
    Nov 4 07:54 PM | Likes Like |Link to Comment
  • Daily State Of The Markets: It's So Easy (To Be Negative) [View article]
    Yes, David. Very nice article. While I am not a perma-bull or bear, nor a gold-bug, I do look for trends and follow them when I think they will make me money.

    You both are correct that is is tough to not be a bear these days. Bears and gold-bugs both tend to react to opposing views as if someone had attacked them personally.

    I do believe we are headed for tough times next year due to higher interest rates, but in the meantime I am going to take advantage of higher gold and equity prices. After all, doesn't everyone know that the masses are usually wrong?
    Nov 4 12:42 PM | 1 Like Like |Link to Comment
  • Market Outlook: Jump Aboard, It's Now A Rocket, Not A Roller Coaster! [View article]
    True, Alan. One day does not a trend make. However, if we do continue down, and it appears we may at least today, it will be as you and others here have stated, a good buying opportunity IF, and that's a big if, your time horizons extend beyond the next few weeks.
    Nov 1 09:16 AM | Likes Like |Link to Comment