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filipo

filipo
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  • Avoid GLD As The Fed Gets Bullish [View article]
    FX,
    Maybe there's 1 detail you overlooked:

    http://bloom.bg/1fX4ap3
    Jul 20, 2015. 02:44 AM | Likes Like |Link to Comment
  • Are You Preparing For $10,000 Gold? [View article]
    Robert,

    Some recovery:

    http://bloom.bg/1fX4ap3

    !
    Jul 20, 2015. 02:42 AM | 1 Like Like |Link to Comment
  • Greece Bailout Agreement Adds To GLD Selling Pressure [View article]
    Greece will eventually exit anyway when it will appear that neither of the conditions are fullfilled.
    As to a possible US rate hike, has the author ever considered what the impact of even the slightest rate increase will be on public debt ?
    Once the 100% debt/GDP threshold crossed, there is no way back except introducing full speed ahead inflation.
    Which is excellent for gold.
    In that respect I'm more than curious how the case of Puerto Rico debt will be solved. It might give us an indication on how the elites conceive the way to take.
    Jul 14, 2015. 08:00 PM | 1 Like Like |Link to Comment
  • Gold Is Heading Lower [View article]
    rogro,
    I couldn't agree more with your analysis about China re Yuan and their economy.
    It is something every fast growing nation faces, like Brazil also experiences.
    The only Chinese strength they really can rely on imo are their quite comfortable reserves. However, reserves can dwindle fast once the downturn starts, as Japan has proven.
    I'm waiting for the first results of that AIIB to be seen and of course for the actions their bank(s) will take as part of the LBMA.

    Meantime Greece is toast: Eurogroup faces them with the choice between permanently giving up their sovereignty and Grexit.
    They are expected to present this choice before their parliament.
    I have a funny feeling this Greek govt is going to fall before wednesday.

    What will follow is total chaos in Greece and banks further closing their doors.
    Jul 12, 2015. 02:44 PM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    rogro,
    "but a deal does send the euro higher and should support gold prices "

    Remains to be seen. A deal means less stress on the equity(lower)/bond(high) markets, hence gold should go down.

    But in these rigged markets one never knows. When Cyprus collapsed, gold went down cause the manipulators took over command.

    No deal should be a clear sign that CB's are at a loss and that should be very supportive of gold (like for a brief moment in the Swiss case early this year). But again, I don't put my hand in the fire for it. Can be the reverse too.

    As you said: deal/no deal equals no catalyst in either direction.

    Since 2011 gold (and silver) are like swimming in the void. That is no coincidence. "They" want to take every certainty re gold investing out of the market. "They" want gold investors to feel silly and give up.
    Jul 12, 2015. 09:14 AM | 1 Like Like |Link to Comment
  • Gold Is Heading Lower [View article]
    rogro,
    They'll roll over their positions overtime...
    The only moment of truth will come when the West will be completely depleted of PM's, or when a higher price will be fixed for some other reason, like the Chinese interfering with the fixing.
    Since the Chinese (and Russians) are still hoarding like hell, they have every interest in low prices. The moment will come though that they'll throw their cards on the table and reaveal what they've got.
    That moment will come, why would they otherwise keep on hoarding ?
    They are up to something..
    Jul 12, 2015. 08:57 AM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    rogro,
    Don't expect too much:
    http://bit.ly/1UOWAwq
    Jul 11, 2015. 04:56 PM | Likes Like |Link to Comment
  • The Parody Of Errors That Led To Grexit [View article]
    It appears Schaueble proposes a Grexit for 5 years. There indeed are reasons to evalue the last Greek proposal as totally insufficient.
    What sense in promising a tax increase if no taxes are being paid anyway.
    Instead of concentrating on less expenditures, Greece still promises to tax more like they always did.
    And they present this as a major concession.
    Jul 11, 2015. 03:06 PM | Likes Like |Link to Comment
  • The Parody Of Errors That Led To Grexit [View article]
    Very wise decision, indeed.
    It pays to have (good) economists in one's ranks.
    Jul 11, 2015. 03:00 PM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    crush,

    "a society that cares for its weak isn't necessarily unhealthy."
    Indeed not, but it's costly.

    "those who are willing to put greed and ambition before morality benefit themselves;"
    Look who's talking:
    http://vnty.fr/1awEJHl

    It's time you wake up and face reality. The real pirates might not be the ones you had in your mind.
    And those you thought were poor defenseless Greek philosophers might turn out to be the real pirates.

    Have the courage to read the link I gave you, it's a eye-opener.
    Jul 11, 2015. 12:59 AM | 2 Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    LT,
    Going sarcastic again, are we ?
    Jul 9, 2015. 05:48 PM | 1 Like Like |Link to Comment
  • The Parody Of Errors That Led To Grexit [View article]
    Well, Andreas, you may like Copenhagen, but I don't.
    Hippie Nuhavn is simply not my cup of tea.
    I rather have London as a living space.
    Jul 9, 2015. 05:36 PM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    ltsg,
    The SGE (Shanghai gold exchange) reports unabated gold withdrawings.

    There has been Chinese capital drain going on the last months into USD assets, yes.

    But wether that affected Chinese gold purchases I very much doubt.

    One thing is sure though: the stock exchange bust that they experienced will certainly dry up their appetite for equities for a number of months.

    Yesterday's reverse trend was only due to the harsh measures their govt took and it is completely bogus: they closed half the market, threaten with beheading who is short-selling and the PBoC is buying like hell.

    All that might revive their gold hunger.
    Jul 9, 2015. 04:02 PM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    CA,
    "A global bust is going to hit real estate very hard everywhere."

    In my eyes real estate will probably be the best of a bad lot.
    There's this savings glut still lingering around and looking for a decent yield.

    You yourself have pointed out that during the global bust USD denominated T-bonds will be the place to be thus sending yields down.

    I agree and if you combine the search for yield with a low interest rate environment, I see no reason why NYC estate should not remain reasonably safe.
    There might come a temporary retreat out of bubbling territory, as I said because the Chinese won't find the appetite to invest abroad anymore, but I guess that'll only affect High End properties.

    I recall the Vancouver and SanDiego real estate prices hardly decreased once the Japanese faced their real estate bust in the late eighties and they withdrew out of US investments.
    Jul 9, 2015. 03:45 PM | Likes Like |Link to Comment
  • Will The Greek Referendum Spike Gold? [View article]
    ltsg,
    Well, to be frank, pointing out to what has been happening in China till yesterday -one of the largest oil-consumers- I'd say, oil-prices will probably tank.

    Not sure whether their harsh measures (executing short-sellers, closing half their market) will save the cake.

    As a consequence, deflation is around the corner. Have you seen how the metals have tanked the last days ? That's not (only) Greece. Of course you did, since you mentioned commodities.

    Talking of inflation, I got this GS report today re UK inflation prospects. I regard the UK as prototypical for what happens in an open economy:
    "

    The UK’s output gap is shrinking ...

    In the 2½ years since UK output accelerated in early 2013, the overall degree of spare capacity in the economy – the output gap – has shrunk significantly. This is particularly evident in the labour market, where unemployment has declined from 8.0% to 5.5%, the employment rate has risen from 58.3% to 59.9% and, more recently, wages have started to accelerate. There remains scope for a cyclical acceleration in productivity growth in our view and, for this reason, we judge that the output gap remains negative. But, with the remaining gap continuing to close, the UK appears to be approaching the point where policy accommodation will need to be withdrawn if the economy is not to risk overheating.
    ... but the recovery has been imbalanced

    If we take the UK's position and extrapolate to the US and Europe, there might be a positive surprise as to inflationary forces. Whether they'll be strong enough to counterbalance the deflationary forces, is difficult to say. It depends how strong the global deleveraging is permitted to work out and that entirely depends on politics, CB's..

    I'm not foreseeing a conflict with China ST. There can be moderate buildup though and some strong talk on both sides.
    Jul 9, 2015. 03:32 PM | Likes Like |Link to Comment
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