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filipo

filipo
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  • GLD - The Bottom Is Here [View article]
    tactical,
    How do you know the inflection point is going to be 1194.40 ?
    Oct 1, 2014. 04:19 AM | Likes Like |Link to Comment
  • Coca-Cola: Moving Ahead Despite Challenges [View article]
    Yes, nice uptick of the price and I could sell at $42,60, a nice 20% profit.

    What will happen when KO will repatriate its profits from overseas to pay dividends in USD ?
    The strong battering all those foreign currencies recently got vs the strong USD will leave the ROI decimated especially for those who live in the US.
    For me, who lives abroad it should not make a difference since I get more for my USD's.
    All US located multinationals will face the same problem and so will US exporters. I expect their Q3-4 reports will not be nice to look at.
    Sep 30, 2014. 05:08 PM | Likes Like |Link to Comment
  • Gold Will Bottom Soon - What Do You Need To Know? [View article]
    bogi,
    Actually, you could have a point there.
    I'll tell you why.
    As a former shareholder of Nyrstar (the world's largest zinc refiner) I happened to be present at a shareholders' meeting. They told us they were planning to start re-organizing the processing at their Port Pirie mine (Australia) to be able to recover all PM's from the heaps and heaps of zinc they were mining.
    That will considerably increase the silver production.
    They're not the only ones who produce silver as a by-product and they all have this in common: they saw an upgrade of their processing as a way to increase their profits when silver was still at $30/oz and they all will increase the silver production.
    Investors saw this coming and sent the silver price lower, only logical.

    Besides, global industry wanes and silver is an Industrial commodity, so there's another cause...

    So the plunge of the silver price together with the POG could be a coincidence.
    To make a long story short: I would NEVER in my lifetime invest a single euro in silver !
    Sep 30, 2014. 04:09 PM | Likes Like |Link to Comment
  • Gold Will Bottom Soon - What Do You Need To Know? [View article]
    gel,
    All that is very wise of you and it shows you are a very astute fellow that burglars shouldn't underestimate. Besides, it's not of my business to know your strategies.
    But that was not the point.
    The point is that I vividly recall you as a rather strong opponent to gold as a store of value, and now, all of a sudden, you declare yourself owner of the stuff.
    Still, I'll remember this sudden conversion and add you to my list of gold favorable investors.
    Take care.
    Sep 30, 2014. 03:58 PM | Likes Like |Link to Comment
  • Gold Will Bottom Soon - What Do You Need To Know? [View article]
    bogi,

    At least oil enjoys a free demand - supply market.

    Gold price is fixed by a club.

    That's a huge difference.
    Sep 30, 2014. 03:49 PM | Likes Like |Link to Comment
  • Gold Will Bottom Soon - What Do You Need To Know? [View article]
    Avi,
    GLD's scam enables the people who constantly (except in weekends, thank God) fix the POG to say: "See ? There's a reason why we fix the POG the way we do it: GLD and Comex are that reason".

    In other words, GLD is the proverbial and handy fig leaf for the POG fixers (Barclays, SG, HSBC, Scotia-Mocatta)(DB recently left, disgusted, they had to go vomit).

    But if GLD is a scam and the POG is fixed relying on that scam, isn't that price fixing to be called scam too, or at least unjust ?
    And is scam not sort of a manipulation under a different name ?
    Sep 30, 2014. 03:34 PM | 2 Likes Like |Link to Comment
  • Heavy Demand Appears In Gold And Silver [View article]
    Listner,
    Demand nor supply determine the POG.
    Remember: the POG is only determined by the big fixers.
    Repeat with me: Gold has a monetary function.
    The big fixers are the ones who determine what price the gold should go according to the capital flows.

    Suppose for a moment that your incentive to buy gold finds a ready audience and there was no more physical gold available on the market in a week.
    How would the fixers react ? They would not lift the POG. People who would want to buy at that moment would simply have to pay a higher premium (to find someone else ready to sell), or the suppliers would organize delay of physical delivery.
    The gold market is not a free market, it is a rigged, manipulated market !
    Hopefully the Chinese will change the game: they promised to make their gold markets (mainly Shanghai these days: HK is in recovery) free.
    Sep 30, 2014. 03:14 PM | 1 Like Like |Link to Comment
  • Heavy Demand Appears In Gold And Silver [View article]
    User,
    That is indeed part of the function that gold fulfills.
    Sep 30, 2014. 03:02 PM | Likes Like |Link to Comment
  • Precious Metals Prices Fall: Gold At A Critical Juncture [View article]
    Just,

    "Is just the CB's denying the obvious, their words are meaningless, the current fiat currency systems of the world have no essential attachment to gold,"

    You can't deny the fact that global CB gold reserves are building up, can you ?
    Russia, China, Turkey, Kazakhstan, the Philiipines, Mexico, Pakistan, Sri Lanka, India, Tajikistan, Kyrgyz Republic, Nepal, all have increased their gold reserves over the recent years.
    If you don't believe me, just check the WGC World Official Gold holdings that are monthly published.

    Did you ever think of the possibility that even the Western CB's take advantage of the actual low POG to increase their holdings, or, to adjust their leasing contracts, or to repatriate their gold that had been hoarded oversees ?

    I can tell you that since the narrow escape of a systemic collapse that we witnessed in 2007, Central Banks all over the world are more than ever willing to make gold an important part of their reserves. I had the privilege of having a meeting with a person who works for the BIS in Basel recently, and I can assure you that gold plays in the first division again.
    Sep 30, 2014. 02:57 PM | Likes Like |Link to Comment
  • GLD: I Don't Think We Break Down... Yet [View article]
    fish,
    "I think gold has its limitations just as FIAT has limitations...."

    I agree.
    Gold has tremendous possibilities. It only depends on what you expect from gold.
    ST gains ? Forget it.
    LT Insurance ? Yes.
    Happy life ? Forget it.
    Interesting life ? Yes, gold stimulates your reading and intellectual curiosity, often more rewarding than wealth.

    "We believe that fiat is coming to the end of its useful life, other people think it will never happen. "
    If you mean by fiat the USD, I think you might have to wait another dozen more presidential terms (-as far as I can see, but my Eyesight is poor, never).
    That does not imply that in the meantime the USD will not erode. It will, and it erodes faster than we might expect when we look at other currencies.
    Still, currency erosion happens with shocks, like earthquakes: tensions build up, you see no geological or monetary change, actually you see nothing of a threat and if you're not an expert you hardly would notice there's something lingering and then,
    BAAAAM! suddenly the change happens.
    Sep 30, 2014. 02:37 PM | Likes Like |Link to Comment
  • GLD: I Don't Think We Break Down... Yet [View article]
    Avi,
    "thinking it will tell you where we are going"

    I wasn't even trying to think where we are going.
    I merely ascertained that the function of gold as a reserve of Central Banks still is very much alive.

    That has nothing to do with the price. Gold has in the first place a monetary function and I dare say that, now more than ever, it's price is fixed by institutions who care for that monetary function.
    That's probably why so many people don't understand the gold price fluctuations.
    The POG is not the consequence of supply and demand since supply and demand are no variables that matter for the fixing: they match anyhow.
    What matters to the fixers are currency flows.
    For a reason I don't understand all important banking institutions (GS, UBS, DB, BNPP, JPM...) foresee an economic goldilocks scenario for the US, mainly based on what J. Mauldin calls "a matter of serendipity", fracking.
    Whether that serendipity will play out as big as these companies foresee, doesn't matter. I have read their reports and they all tell you a rozy future for the US.
    As a consequence there are tremendous floods of investment money leaving the EU, China and Russia and going to the US, hence the strength of the USD.
    The fixers of the POG take into account only this. I have to remind you that the POG in euro has not changed much lately and in Rupee even less.
    Sep 30, 2014. 02:15 PM | Likes Like |Link to Comment
  • Gold Will Bottom Soon - What Do You Need To Know? [View article]
    bogi,
    Chinese silver reserves are at their lowest... ever
    Sep 30, 2014. 11:17 AM | 1 Like Like |Link to Comment
  • Gold Will Bottom Soon - What Do You Need To Know? [View article]
    gel,
    Still can't believe my ears.
    I can understand that you tried to hide that you possessed gold in the past, but what made you suddenly decide to "out" yourself then ?
    I mean, conditions of safety of ownership haven't improved that much, have they ?
    You were so careful and suddenly, what you told Fishfryer in fact comes down to cry out
    "Hey folks, my name is Gelstretch and I own a big stash of GOLD. You may trace my address through my SA cookies and I'll be happy to welcome you whenever you decide to rob me".
    This amazes me more than the gold price battering of the last few months.
    Sep 30, 2014. 11:15 AM | Likes Like |Link to Comment
  • Gold Will Bottom Soon - What Do You Need To Know? [View article]
    charles,
    Tactical, strategic....
    What's in a name ?

    "Jmho manipulating the price of gold to maintain market calm is disirable."

    I disagree. Manipulating the POG even for tactical reasons for a long time, has unexpected and undesirable consequences.
    Look what happened to the Gold Pool, look what happened to Gordon Brown.
    The manipulators think they're doing this for the good of their country, but they're not: they're debasing the value of their own currency overtime, selling gold at low prices to the East (what moron sells cheap ?) and killing an industry that tries to survive (ask Nevada miners).
    Sep 30, 2014. 11:07 AM | 1 Like Like |Link to Comment
  • Gold Will Bottom Soon - What Do You Need To Know? [View article]
    fish,
    "Its funny, Avi denies manipulation, but acknowledges that GLD may not be a safe investment. This is an example of part of the manipulation, the existence of paper gold supply that acts to satisfy demand for gold."

    That caught my attention too.
    That's why I still have my doubts about the honesty of his whereabouts.
    GLD is a synonym for manipulation Avi says and yet he says manipulation doesn't exist.
    Not very logic, or else GLD does not exist :)
    Sep 30, 2014. 11:00 AM | Likes Like |Link to Comment
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