NOWHEREMAN

Don't Miss the Coming Gold Bull

Glad to have you onboard January.

The credit default swaps, CDS, are alive and still toxic.

Every now and then a little more gets priced.

Perhaps, you are thinking in terms of the Auction Rate toxics which are supposedly being covered by various underwritering companies as part of State Legal settlements. It wouldn't surprise me if institutions were using TARP funds for these settlements.

The next dollar leg up has started.

Don't Miss the Coming Gold Bull

Pinelli: Trace and I were talking, you interrupted.

The name is the one you gave me.

You have a Profile. That Profile appears to be entirely fictitious. I have asked numerous times for an explanation.

I have provided a scenario as to how I believe things will unfold in 2009 and Challenged you to provided a counter scenario. Apparently something like that is beyond your scope since " That takes some commitment and more than 2 sentences."

"Silver is virtually the only way to create Potable water."
This is your quote, did you even know the definition of Potable?

You do not provide a single piece of useful information that is not linked to some sort of Rah, Rah for Pinelli.

You did not recognize and understand the Catch-22 comment I left. All that meant to me was that the "investing for 40 years" was another piece of fiction.

A popular 1960s stock was the Colt Firearms Company, they no longer exist. What did they make, other than Colt firearms?

Don't Miss the Coming Gold Bull

Excellent comments by both Asleeper and Goldrunner.

Its all about making selections and taking Insurance against worst case scenarios.

With Gold at these levels, if you are not going to buy the bullion, then gold and silver stocks are the route to take.

I've owned CDE since the mid 70's, seen it as high as $30 +, and owned its convertible Bonds. I dumped the stock after conversion. Bought Bema Gold instead, which was swallowed by Kinross.

CDE, earlier this year, forecast the eventual production of 17 million oz. of silver annually. This would make it the worlds biggest producer by far.

Why is it where it is? It has nothing to do with short selling, insiders have been buying recently, the biggest problem is the location of some of its assets and the number of shares outstanding. With over 1/2 Billion shares and silver at say $10/oz., 17 million oz. is a $170 million dollars, this does not bring a lot to the table when there are 551 million shares outstanding.

CDE has great potential, I would like them to do a 1 for 10 reverse stock split.

IMHO

Don't Miss the Coming Gold Bull

I never said gold would not rise this year, I said it would drop like a rock first. This is in line with my feeling that the Dollar will climb to 92 from the present 80 or so, before it starts its final big down leg.

Deleveraging is not over.

Don't Miss the Coming Gold Bull

Forget about the Rabbit, think more in terms of the Movie: Groundhog Day.

Each day is more of the same, the groundhog comes out, sees his shadow and runs back in. This is my scenario for 2009 until something unforeseen arises.

In 3 weeks, THIS administration will be the Obama administration with all three Houses of Congress under one roof. I can hope that this change will be the "unforeseen event".

Don't Miss the Coming Gold Bull

Michael66: thank you for that link.

Dr. Weiss's opinions have been widely followed for decades. I didn't know he was still in the Biz.

Don't Miss the Coming Gold Bull

Dividendmachine: you made a great choice, others have not been as fortunate. Like those that trusted GM and F.

Dividend Reinvestment and the returns over time with it, sound great when comparing the return on stocks vs Treasuries. You do not assume risk on Treasuries if you hold to maturity.

With any given Stock, you assume the risks of dividend reduction, dividend elimination or Bankruptcy of the company itself.

Over time Stocks are considered to offer a much higher return. The comparisons always use an Index like the S&P. Individual Stocks within the S&P are changed annually, Mergers, Acquistions, Bankruptcies, Price levels too low to remain in the S&P etc.

Like I said, you chose wisely.

Don't Miss the Coming Gold Bull

dawase: I don't know, even when you agree with them on their long term aspirations, it doesn't seem to matter. There is no give, "Its my way or the highway", All of the time.

So for the short term, I look for Gold to drop as the economy gets worse and the Iranian Food and Med. Supply ship is allowed access to Gaza. This will occur within the next few days. It will also have a negative impact on oil. IMO

Don't Miss the Coming Gold Bull

User 301: It was on the fly and in response to some Vitriol from Pinelli and a new poster who coincidently used the exact language as Pinelli.

Neither post exists any longer.

I hope my added response clarifies my stance at this point in time.

Besides, Mr Pinelli had high praises for a Mr. Schiff. Mr Schiff did a 180 recently. Mr. Pinelli now praises Mr. Faber instead.

Don't Miss the Coming Gold Bull

Oh oh, Keep it civil Greg.

Hedge Funds have been forced to sell because of redemptions. Some have stopped allowing redemptions, Paulson chided them publically regarding this practice saying it is detrimental to Investors and that they are not ingratiating themselves with Congress.

If the Forced Selling continues into the New Year, those relatively strong ETFs like GLD could be sold enmass. This in turn could force GLD to liquidate its horde on the open market because many of the Counterparties no longer exist, like Bear and Lehman and others no longer have the liquidity or the ability to buy the gold baskets.

This is what has been ongoing for the past 4 months to other ETFs. Bear Markets tend to savage everything.

But this time its Different! Right.

I've seen your posts to the writers of other Articles. I see no reason to subject myself to the same kind of abuse, like Mr. Anthony and Mr. Bui.

I am not vindictive, I just respond but unlike yourself, I do not use vulgarities to express myself.

And Silver is not required for drinking water.

Don't Miss the Coming Gold Bull

Comet1, I don't really believe it will drop like a rock but it has the potential to do so if additional forced selling comes into play. I'm pretending to be Greg Pinelli who has been tauting stocks of all stripes without rhyme or reason during a Bear Market in the middle of a severe recession.

Every stock or ETF he picks is a long position. Meanwhile, since I believe we are still in a Bear Market and the Recession will get worse, I picked something he loves and UltraShorted it.

Another reason, however miniscule, is that the Central Banks will dump more Gold than usual because of its current value and Gold is now up 8 years in a row.

Are you willing to bet the Bank on 9, I am not.

IMHO

Don't Miss the Coming Gold Bull

Good for you. Stick to your guns.

My prediction: Gold will drop like a rock before a sustained rally occurs. BUY DZZ NOW.

No reasons or explanations needed, ala Pinelli.

Gold and Silver Prices Will Begin to Shine

Did anyone read the post where Greg Pinelli tells everyone that the Article written by Greg Pinelli is a must read...Because it is very insightful.

Come on Greg, this is what happens when you change handle to your real name. You can no longer give yourself Kudos as if you were some one else.

Gold and Silver Prices Will Begin to Shine

John, Barron's has an online edition which lists the weekly change in the amount of money in circulation.

Net free reserves by the definition provided signify whether the Fed's monetary policy is loose or tight. These reserves are decidedly negative and have been so for months.

All of the money that has been created has been sucked into a Black Hole. The Fed is not creating money fast enough to turn this figure positive. IMHO

Gold and Silver Prices Will Begin to Shine

Pipo: FCX is one of my two favorite stocks in the copper sector, the other is PCU. How far down either of them go is anyone's guess, I'd rather wait for a bottom than try to pick it on the way down.

Having said that, Money flow into FCX has been positive over the last 10 trading days.

Do some research on Hecla Mining (HL), visit their web site, I do not own it but am following it closely. Take a look at their production. HL is no longer just a Silver producer, Gold, copper, lead, zinc have been added to the mix in quantity due to am acquistion in spring of 08. They had a gold property in Venez. which they were fortunate enough to sell.

There are many great stocks. FCX is not the Gold/Copper play it once was. I believe Gold is only 20% of overall production. They will not shut down their Indonesian operation, its a political thing.

The only company that I know about which has a slice of almost every mineral is AAUK, (including diamonds).

There are a lot of mineral plays. I do not want to lock up my money in any individual stock and wind up waiting for it to bottom. Especially if there is no dividend to be had.

Good luck on your hunt, it is always better to do your own research than to pay attention to someone who has had such a bad record in picking stocks to buy and prices to buy them at. The Track record of anyone making a post is available to anyone willing to do the research. Just click on the Comments next to the name and every single comment from the very first entry made on Alpha is available. (including mine)

IMHO