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MMencer

MMencer
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  • Why Gold Will Outperform Stocks This Year [View article]
    Very useful perspective on the market, Josh. Thanks for the insight and clear explanation of trading conditions.
    Feb 18 08:14 AM | Likes Like |Link to Comment
  • The CME cuts the initial margin for gold (GLD) to $5,940 from $6,600 and silver (SLV) to $10,450 from $12,100. Maintenance margins are cut by a similar ratio for both metals as well. [View news story]
    Agreed. When they raised the requirements a year or so ago it drove down the price of gold and silver by requiring people have more money up front to invest. This can only help near term. Until they decide to drive the price down again.
    Feb 8 09:57 AM | Likes Like |Link to Comment
  • Plans for a covered-call Gold ETN are unveiled by Credit Suisse just days after the bank sold its European ETF business to iShares. The fund will hold GLD and try to boost returns - and provide downside protection - by selling "out of the money" calls against it. The launch could come as soon as this month. [View news story]
    Call your broker or go to a public library or even search the internet for 'covered calls'. Plenty of info out there and can be a good way of supplementing income in your portfolio.
    Jan 17 08:03 PM | Likes Like |Link to Comment
  • The Bundesbank unveils its gold repatriation plans, with an aim over the next 7 years to have half of its gold stored in its own vaults vs. 31% now. New York's share will drop from 45% to 37% and Paris from 11% to 0%. The move appears to be more about quelling a domestic political flare-up rather than a lack of trust among central banks. [View news story]
    Certainly does...AS noted earlier, just 1% per year? They may be sandbagging that number. On the other hand, they could just be doing it slowly to prevent any shock to the system. Either way, I think there's much more to the story than meets the eye.
    Jan 16 10:52 AM | 1 Like Like |Link to Comment
  • Dogs Of The Dow: Going To The Pound In 2013 [View article]
    This seems like a really good idea but I would tweak it slightly. Instead of doing it monthly, I would do it quarterly for two reasons. The first is to minimize trading costs and the other is to take advantage of the big traders painting the tape at the end of the quarter to make their quarterly statements look better.
    Jan 14 06:43 AM | Likes Like |Link to Comment
  • Dogs Of The Dow: Going To The Pound In 2013 [View article]
    This is a great idea you have. I would tweak it a bit though, for two reasons. The first is that I would do it quarterly, to minimize trading costs and, the second, to take advantage of the mutual fund traders who paint the tape at the end of the month to make their quarterly returns look better.
    Jan 14 06:42 AM | Likes Like |Link to Comment
  • The Big Gaping Hole In The Employment Report And Fed Folly [View article]
    I read a lot of different articles and posts but I have to say this is easily and by far the best intellectual posting board/chat board (whatever it's called) that I've ever read. The quality of each post is informative and compliments the article at hand...Thanks for making a sleepless night entertaining and productive!
    Jan 5 07:38 AM | 1 Like Like |Link to Comment
  • Gold at $1,200 is among Saxo Bank's outrageous predictions for 2013. The reason: A strong economic recovery in the U.S. saps demand for the safe-haven investment. Eventually, central banks take advantage of the low price and buy (At the bottom? That would be a first). [View news story]
    I'm not a banking expert but I've been around some. I have NEVER heard of Saxo Bank before.
    Dec 18 09:44 AM | 1 Like Like |Link to Comment
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