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  • Tight Supplies And Surging Demand Fuel Stealth Rally In Palladium [View article]
    I bought physical in 2009 - and PALL in late 2011. I'm happy.
    Apr 15, 2014. 11:59 AM | Likes Like |Link to Comment
  • Is A Spike In Natural Gas Price Imminent? [View article]
    Investment op 4: Henry Hub Futures!

    You even have backwardation on your side these days! What's not to like?
    Apr 15, 2014. 11:56 AM | 1 Like Like |Link to Comment
  • Why Bitcoin Matters [View article]
    Good exchange indeed.
    Mar 22, 2014. 12:55 PM | Likes Like |Link to Comment
  • How To Get Exposure To Bitcoin While Hedging Your Bet [View article]
    I wonder when the "bitcoin=tulips" crowd will arrive. The seem to abound on SeekingAlpha.

    Thanks for a good piece!
    Mar 21, 2014. 10:14 AM | Likes Like |Link to Comment
  • Kandi Technologies: The Latest Bubble Stock? [View article]
    Well I'm long. Have been for many years - and I'm very happy for it.

    At this juncture I wanted to re-read some of the (many) hit-pieces published here on SA in 2011 which thankfully made me *increase* my KNDI position at the time.
    Funny enough - I couldn't find any of them. They have all been deleted after utterly failing....
    Mar 18, 2014. 11:09 AM | 7 Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    In general insurance and socialism are in no way the same. Of course.

    However - when Northern Rock bank was going under (and everyone suspected it would happen) I personally took advantage of the (at the time) fantastic interest rates they offered. But I *only* did so because I knew that the BoE (and ultimately the UK taxpayer) would bail me out if/when NR failed. And I'm not even a UK citizen.

    That sound fair to you? I think it is terrible.

    "if the management drives a bank into the ground, and FDIC comes into play, the management is fired in a very public way, and the losses are heaped onto the shareholders"

    Can't tell if you are serious or ironic here. Were you awake in 2008/2009? Does TARP ring a bell. I can name at least 5 major Wall St. banks that were very much "driven into the ground" - and what happened to management? - Aside from a two year period without the usual 6-figure bonus - nothing! Certainly not the Bernie Madoff -style criminal case that would arguably have been in order.

    And the shareholders? Well aside from Citigroup where they lost 90% - pretty much nothing. All banks in question are where they were give or take a factor of 2.


    Why should the average Joe (plumber or not) *be forced* to "invest" his capital (by lending it to a bank which then gambles in the grand casino)??? He has *no business* investing. He should at least have the option to bank in a full reserve bank to opt out of the casino.
    If he chooses to gamble with his savings that's fine - just don't expect sympathy when you lose - and don't come asking for my (e.g. FDIC) money to bail you out when you are the one who went to Vegas.

    When I gamble on the markets - I don't expect anyone's help or sympathy if I lose!

    Btw. Did you read the link I gave a few posts ago?
    Mar 13, 2014. 09:36 AM | Likes Like |Link to Comment
  • Why Bitcoin Matters [View article]
    I'm actually saying that FDIC is the ultimate in "moral hazard". It's heads I win - tails everybody else (FDIC) loses (while I'm covered).

    It doesn't matter whether the taxpayer has to outright bail out FIDC - or if the money comes from elsewhere. Ultimately the money comes out of everyone else' pocket.

    I'd prefer real capitalism (one where there is a clear link between risk and return) over the crony version any day. I find it surprising how many SA readers seem to prefer socialism (when they lose money) - and capitalism only when they are winning.

    Anyway our opinions don't really matter. As an investment, something like bitcoin only comes along once in a lifetime. Most people always stay on the fence in such situations - just human nature.
    Mar 10, 2014. 04:39 AM | 1 Like Like |Link to Comment
  • Why Bitcoin Matters [View article]
    "Except everybody's account at Lehman was FDIC/SIPC protected. " - the very definition of moral hazard.

    Let me bank with the most insolvent bank I can find (to get the highest interest rates) - knowing that *your* FDIC-money covers my a$$ when the bank goes belly up. Yes that is a great system!

    Read this:
    Mar 7, 2014. 07:30 AM | 1 Like Like |Link to Comment
  • Get Out Of Bitcoin Now [View article]
    Yep. I'll buy!!
    Mar 5, 2014. 11:08 AM | 1 Like Like |Link to Comment
  • Get Out Of Bitcoin Now [View article]
    The author needs to read this:

    -and then explain why bitcoin is up (yes UP) 44% since this article was written.
    Mar 3, 2014. 05:19 PM | 1 Like Like |Link to Comment
  • Short Natural Gas On This Run Up [View article]
    OK. Deal.
    We'll compare notes (and returns) in May.
    Good luck.
    Feb 20, 2014. 09:49 AM | Likes Like |Link to Comment
  • Short Natural Gas On This Run Up [View article]
    So how is this short working out for you guys??

    The front month Henry hub future is now close to $6.

    All I know is that I am LONG nat gas futures - both short term and long term contracts and I have a big smile on my face.
    Feb 19, 2014. 07:55 AM | Likes Like |Link to Comment
  • Bitcoin Just Died [View article]
    I don't have any at the present time. I'm keeping a keen eye on the "overlayer" technologies (Mastercoin, Colored coins, Open transactions and Etherum). I don't expect to be buying any "pure currency" alt-coins.
    Feb 15, 2014. 10:57 AM | Likes Like |Link to Comment
  • Bitcoin Just Died [View article]
    My oh my - how short people's memory is.
    Bitcoin has been decalred dead many, many times before.

    Here's a few example from 2011, when bitcoin had crashed down to $4.2:

    Tim Worstall from Forbes on The end of bitcoin I and II
    Paul Krugman from New York Times on Bitcoin's "deflationary" flaws
    Charles Babbage from the Economist about Bitcoin's troubles
    and my personal favorite by Jon Nadler from Kitco with a sarcastic suggestion to pay Greece in Bitcoin

    Of course the rest is hsitory - and I'm buying this dip - just as I have every time since June 2011.
    Feb 13, 2014. 03:41 PM | 3 Likes Like |Link to Comment
  • Shale Oil Boosters Aren't Charlatans [View article]
    Dear Robert Wagner,

    I am coming to realize that you and I disagree on pretty much everything. (Amusing, actually.)
    Please tell us what you are long so I can consider shorting it!

    Disregarding bitcoin, my best investment by far, in 2013 was being long Henry Hub futures because of everything you've just said - only opposite.

    So please - what are your main long and short positions these days :-)
    Jan 29, 2014. 12:07 PM | 1 Like Like |Link to Comment