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filipo

filipo
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  • GLD: Sell While You Still Have A Chance [View article]
    Excellent advice, I would indeed sell untrustworthy GLD and buy physical gold instead.
    Oct 26, 2013. 03:17 AM | 36 Likes Like |Link to Comment
  • GLD: Potential Whipsaw Ahead [View article]
    So, in your view, gold can go either way, if I correctly understand.
    Nothing new there.
    Jul 7, 2014. 07:43 AM | 23 Likes Like |Link to Comment
  • Why Egypt Should Matter to Investors [View article]
    Yes, I.T., these are interesting times.
    Maybe I know Egypt a little better than you do. I used to work there for over 3 years in the seventies and still have a few Egyptian friends with whom I correspond on a more or less regular basis.
    In the seventies Egypt had a population of ca. 40m. Now, it has 80m. Such an exponential increase calls for problems, like housing, food supply, education...
    The current revolution that we see is extremely dangerous for the region, meaning Israel. Egypt was more or less the sole Arab partner, Israel could rely on. If this would change when theocracy would be installed in Egypt, God knows what would ensue. The fundamentalist Party of Islamic Brotherhood is the driving force behind the current events. They exploit the food deficit riots politically. I expect them to win because their support is overwhelming. Saudi Arabia backs Mubarak with WORDS, but I don't trust the Wahhabites: never trust a Wahhabite, they operate with a hidden agenda. They very much favor an islamist party.
    The current situation can get threatening for the US as well: we should remind ourselves of what happened in Iran when Ayyatollah Khomeiny took over from Sjah Pahlevi.
    BTW, Egypt has lots of Sphinxes, one big and lots of small, and they have indeed all lost body parts due to old age.
    Jan 30, 2011. 03:11 AM | 17 Likes Like |Link to Comment
  • U.S., Russia, Saudi Arabia: Who Is Going To Win In The Oil Price Stand-Off? [View article]
    kappaseek,
    "the drop in the price of oil is a "golden opportunity" to shift toward cleaner energy."

    You probably meant "the drop in the price of oil is a "golden opportunity" to shift toward oil generated energy." ??

    Not sure how golden the use of wind and solar in the present circumstances is, except to a masochist.
    Jan 7, 2015. 08:32 AM | 16 Likes Like |Link to Comment
  • CNBC Is Right: America, We Have a Serious Problem [View article]
    "And we all understand that this debt and deficit is not a cancer. In fact, in a balance sheet recession it is a great benefit to this economy. And we certainly understand that it will not destroy this great nation."

    I don't get it: if you increase the amount of debt (deficit), you monetize that debt, and the amount of your commodities stay the same (they can't be artificially increased), what else does this cause except inflation, low (negative) interest rates, huge Carry Trade phenomena, misallocation of money in asset bubbles abroad (I don't see any Housing Market Price rising in the USA) and a lot of lack of confidence in our own currency.

    But sure, Cullen must be new age to get this all.
    Dec 1, 2010. 03:50 AM | 15 Likes Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    wyo,
    You are right: that economic recovery the author speaks of is so "strong", that the G20 needs to inject another $3T into the global economy.
    Someone is pulling our leg.

    The author's argument:
    "The Chinese exports do far more to improve the standard of living and productivity of the Nation importing from China than the people of China benefit from having a stockpile of gold sitting in a bank."
    doesn't convince me either: I have the impression it's the other way around: the US gets poorer from importing large quantities of Chinese junk and the Chinese are wise enough to invest part of the reserves that are thus created in gold.
    Feb 23, 2014. 03:35 PM | 14 Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    SU,
    "as it will erode German competitiveness overnight."
    Germany has been perfectly happy with an increasingly strong DM since WWII without its competitiveness ever abating.

    The problem with you socialists is that you don't want to face the real problem.
    The real problem is that Club Med has a productivity level of 1 on a scale of 10 while Germany has 10 on that same scale.
    In a monetary Union this has to create tensions, unless there's also fiscal Union, meaning eternal solidarity of the rich states with the poor states.
    Productivity means a lot of things, not only low wages, but also low taxes, high labor efficiency, good infrastructure, absence of corruption...

    Absence of corruption... rings any bells ? Italy ? Greece ? Spain ?

    Clearly socialists deny the light's coming from the sun. I like when you say that EMU prevents Italy from lowering taxes. That has made my day. LOL.
    Jan 8, 2015. 05:42 AM | 13 Likes Like |Link to Comment
  • Bottom In Gold Likely To Be Below $770 [View article]
    Yair,
    Gold is "another currency", it's the only universal currency.
    Feb 23, 2014. 05:01 PM | 13 Likes Like |Link to Comment
  • The SNB Catalyst For GLD [View article]
    fish,
    That was a hefty comment.
    I understand your rage, written from the point of view of a US citizen and a good patriot -US hedge funds lost billions on the unexpected SNB move-, but consider for a moment the Swiss situation:

    - The Swiss assumed that Draghi next week would start a full blown QE program. If they would have waited till Draghi started buying sovereign bonds, dragging the euro to sub USD parity, they would have been forced to even buy more euros and stuff them on their balance sheet to keep the 1.20 peg. That simply wasn't possible. They would have lost more on an ever devaluing euro than with the present operation.
    - The Swiss being half Germans, they don't want their currency to be dragged down. They prefer a hard currency. The peg to the euro had a perverse effect to that regard:
    http://bit.ly/1Bj1ytk
    -The Swiss had to do the move in a stealth way. Otherwise the markets would have destroyed their scheme, sending the CHF to the stratosphere and compelling the SNB to still buy more euros. As a Belgian, I'm used to these kind of operations. During my lifetime we had 6 devaluations of the Belgian franc. They Always were carried out on a sunday night before the markets opened. You have to take the markets aback, otherwise these things don't work out well. The Bernanke promise of Fed transparency is utter BS. Greenspan never was transparent nor was any central banker before.
    CB's by definition cannot be transparent. It's like playing poker and requiring that everyone shows his cards before the game starts.
    Jan 17, 2015. 03:23 PM | 12 Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Socialists Unite,
    "Which is why having separate currencies come in handy, which is exactly what I argue in the article.

    If you would have limited yourself to that in this article, I would have agreed.
    Unfortunately you went on blaming Germany for the malfunctioning of the eurozone and in the same breath you added that the Germans should spend more.
    That is a bridge too far.
    You wanna drag the Germans to the stores ? Is that your socialist view of economics101 ?
    Jan 8, 2015. 08:51 AM | 12 Likes Like |Link to Comment
  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    Very candid article once again, Robert Wagner, but why didn't you write it in Chinese or Hindi ?
    We, Westerners, are not concerned since we only own 2 1/2 oz. of gold (our wedding ring). You want us to sell our wedding ring ?
    Next time, you should address yourself directly to the Chinese and the Indians in their language: they are the ones who make your schemes fail.
    Jun 4, 2013. 05:48 PM | 11 Likes Like |Link to Comment
  • Lessons From 5 Years Of Economic Crisis [View article]
    Left,
    Iceland by referendum blankly refused to pay back its debts to the UK / Netherlands and thus exported its problems.
    Try to imagine all debtors from all over the world refusing to pay back their debts, a strategy you and 19 others apparently seem to advocate. How would that turn out, you think ?
    Oct 11, 2012. 04:15 AM | 11 Likes Like |Link to Comment
  • GLD: What Will It Take To Resurrect The Gold Bull Market? [View article]
    What will it take to resurrect the Gold Market ?

    Less gold price manipulation by the authorities to start with.

    Less paper gold contracts, to finish, which is basically the same as the first.

    Looking at the high number of gold bashing articles that one reads these days, there must be a lot at stake to take the price down at the year's end.
    I knew a price drop was about to come the very last day of the year when markets are nearly closed and volume is very low.
    It is part of the psychological warfare that authorities conduct against gold.
    Still more gold will cheaply depart in the direction of the East.
    Dec 31, 2014. 11:44 AM | 10 Likes Like |Link to Comment
  • GLD Selling Only A Minor Factor In Gold's Selloff, A Bullish Omen [View article]
    How short sighted and dumb that Fed policy indeed is of shorting the gold price. When most of the physical will have left our country heading East, Comex and Globex commitments will start to unravel and prices will shoot up anyway.
    Nov 22, 2014. 02:54 AM | 10 Likes Like |Link to Comment
  • Investors Take Heed: Population Growth, Not Upheaval, Remains Egypt's Greatest Challenge [View article]
    Yes, out of control growing populations are a threath, for themselves, the neighbouring countries, the world.
    Especially when people are poorly educated, these threaths can become worrisome.
    In fact, Mubarak now is a victim of having done too much for his country: had he not cared for infrastructure, water supply, good housing, hygiene, there wouldn't have been such a pop. explosion. I fear a Malthusian crisis is around the corner.
    Feb 3, 2011. 06:26 PM | 10 Likes Like |Link to Comment
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