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filipo

filipo
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  • U.S. Debt At 102% Of GDP Hits Another Record... Is It Time To Buy Gold? [View article]
    People find it ever more difficult to imagine what a trillion means. Not so long ago a billion was a huge number, in Japan they're already talking quadrillions (15 zeros) of debt. Soon we'll face quintillions (18 zeros) thanks to global QE and increasing debt.
    Aug 16 01:56 PM | Likes Like |Link to Comment
  • U.S. Debt At 102% Of GDP Hits Another Record... Is It Time To Buy Gold? [View article]
    ann,
    poor at math ?
    Aug 13 02:24 PM | 2 Likes Like |Link to Comment
  • U.S. Debt At 102% Of GDP Hits Another Record... Is It Time To Buy Gold? [View article]
    Wake me up when the gov. debt is at $20 T.
    Private and corporate debt have risen to + $40T.
    Aug 13 12:03 PM | Likes Like |Link to Comment
  • U.S. Debt At 102% Of GDP Hits Another Record... Is It Time To Buy Gold? [View article]
    I agree with the author's analysis of the relevance of US debt versus gold.
    However, I would never advice buying the ETF GLD as a consequence.
    GLD is not thrustworthy as an investment: they represent paper gold with hardly any physical gold as a collateral.
    Aug 13 04:54 AM | 8 Likes Like |Link to Comment
  • The GLD Today: Looming Weekend Outweighs Interfax Report [View article]
    What would sentiment readers think of this ?
    Aug 8 05:47 PM | Likes Like |Link to Comment
  • GLD: Whipsaw Not Likely Over [View article]
    Whipsaw is clearly not over yet, exactly as Avi predicted: gold's at $1,312, GLD at 126.
    Aug 7 12:41 PM | 1 Like Like |Link to Comment
  • Why Total Is Likely To Continue Outperforming Exxon And Chevron [View article]
    Apparently, there won't be a deal..
    Aug 6 02:50 PM | Likes Like |Link to Comment
  • GLD: Whipsaw Not Likely Over [View article]
    fish,

    "trade when the squiggly lines on a page tell you too."
    "I don't trade metals, i just buy, slowly."

    Neither do I trade: first the premiums are too high to make trading profitable, second investing in ETF's or futures in Belgium is way too expensive and third, trading gives me headaches.
    I bought at $600 in 2006 and from time to time I add on the dips, like around $1,280.
    Aug 6 02:49 PM | Likes Like |Link to Comment
  • GLD: Whipsaw Not Likely Over [View article]
    fish,
    "The 20,000 russian troops on the border news is almost 2 days old"

    Maybe, but today there was this NATO-Sikorski guy's comment:

    http://bit.ly/XElxl9

    It always gives markets a jerk when someone high says something conceived as smart or important to journalists.

    Over here we know since long Italy isn't doing so well: the -0.1% GDP realized isn't so much different from the +0.1% expected.

    What stuns me is that in July ETF's have added quite a bit, notwithstanding Avi's advice to await lower lows:

    http://seekingalpha.co...
    Aug 6 12:57 PM | Likes Like |Link to Comment
  • Sizable July inflows for gold ETfs [View news story]
    615,
    I have no clue myself.
    All I can do is rely on what other people, experts, say.
    I suppose the 15K tonnes include PBoC's and private hoarding overtime ?
    In that case it could be reality given that it is universally known India detains 18K tonnes.
    Don't forget China has also become the largest producer.
    Aug 6 12:21 PM | Likes Like |Link to Comment
  • GLD: Whipsaw Not Likely Over [View article]
    fish,
    "I think gold and silver moved on Italy news of recession (again), "

    Could be, or on the other news that I intentionally kept aside:

    http://reut.rs/1pCma80

    since I find it a bit hypocrite when media bring the news of an imminent Russian invasion of Ukraine while at the same time Ukraine throws rockets at Russian Donetsk.
    Gold always reacts heftily when (Western) media report of the impending Russian invasian.
    Strange though that Pd didn't move, you are right about that. Although I don't regard Pd as an investment, it's rather an industrial commodity and with industries not doing so well, there's a reason Pd didn't move.

    Anyway, whatever the reason, volatility is quite strong and Avi gets credit for having predicted this.
    I wonder when the downturn will set in again. Have you read the ETF's have added again in Q2 ?
    Aug 6 11:58 AM | Likes Like |Link to Comment
  • GLD: Whipsaw Not Likely Over [View article]
    fish,
    Thanks.
    Thing is our societies grew so exceedingly complex and lobbies/pressuregroups of all sorts claim their part of the cake in such a convincing way, that governments find it increasingly difficult to refuse whatever they are asked for.
    That has nothing to do with any difference of Libs/dems vs GOP, but with the structure of society.
    Having said that, socialists like we have them in some European states, really are the worst of the kind since they A/ ignore economics B/ are ideologically driven, not rationally C/ ALWAYS take the wrong decisions, even after every other bad option has been tried out (I have knowledge of no exception).
    That doesn't mean that all of our conservative governments ever were outstanding. It only means that statistically we have experienced better life and more (postponed) prosperity when they were in power.

    BTW, did you notice the nice uptick the gold price noted today ?
    A whipsaw whim of Avi's EW graph or Kiev bombarding Donetsk ?
    Aug 6 09:51 AM | 1 Like Like |Link to Comment
  • GLD: Whipsaw Not Likely Over [View article]
    Coins,

    "Liberals (Keynesians) always spend more and tax more"

    BS !
    They only spend and tax differently.
    The amounts are the same, except for Clinton. He was the only one who knew something of economics.
    Aug 6 09:11 AM | Likes Like |Link to Comment
  • Sizable July inflows for gold ETfs [View news story]
    james,
    Even UN have now realized that some 750,000 people have fled the premises and are refugees in Russia.
    I still was of the idea that all Ukrainians were Kiev Ukrainians. Kiev propaganda must have forgotten those 750,000.
    Aug 5 03:34 PM | Likes Like |Link to Comment
  • Sizable July inflows for gold ETfs [View news story]
    David, here are China's latest figures of import: 671 MT YTD :

    http://bit.ly/1pB1ZqT
    Aug 5 03:30 PM | 1 Like Like |Link to Comment
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