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J.D.G.

J.D.G.
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  • Gold and Silver Offer Safety Amid Eurozone Jitters [View article]
    Hello Dr. Leeb,

    You have written a thoughtful piece.

    I only question part of one of your notions. You said, "Until the Euro Zone gets its act together and more clarity emerges from the situation (and even more so if it doesn’t) we look to gold and silver, as usual, for safety and value."

    Gold. ("...as usual...")

    Okay, it seems that everyone wants to call it a "currency" again. Arguably it is not, nor can the global financial system, regardless whatever calamity may take place, go back to using gold as a currency. That would doom us all to poverty, homelessness, and starvation. The advent of modern notions about "currency" has given us the very flexibility you have discussed in your article to solve many global problems, including how to trade food stuffs which feed the planet. That said, for whatever reasons - rationale and irrational, it seems the markets are granting gold some form of "safe haven" status. You win; it may still garner further profit.

    Silver!

    On the other hand, silver has displayed itself to be a very weak hand, moving at the pure whim of speculation, rising rapidly, falling rapidly, and generally behaving like a fish out of water, flopping around on the dry dock hoping to splash back into the water. If anyone thinks silver is a "safe haven", then we are most certainly no longer dealing in rational markets. If that is the case, calamity is likely not far behind and aside from the artificial construct of the gold/silver ratio, gold may rise further but silver is just as likely, similar to the fish out of water, to splash back into the water and head as deep as it can - read that much lower and one would not garner further profit.

    Admittedly, I truly hope we are not on the doorstep of a calamity that will lead the world to depression. If we are, not to sow the seeds of despair, may some greater power help us all as gold will unlikely help and silver will most certainly be of no help at all.
    Jul 21, 2011. 12:15 PM | Likes Like |Link to Comment
  • Gold and Silver Are Profitable Safe Havens [View article]
    Good Morning Marvin,

    You have written a very interesting and thoughtful piece; certainly you deserve credit and much of what you have conveyed has merit.

    I only question part of one of your notions. You said, "In our 21st century world, an individual can construct whatever economy they desire with greater ease and specificity than ever before. This also means that the 20th century world we knew is decaying and, eventually, will cease to exist. There is no going back. During this period of transformation from the old to the new gold and silver are profitable safe havens."

    Gold.

    Okay, it seems that everyone wants to call it a "currency" again. Arguably it is not, nor can the global financial system, regardless whatever calamity may take place, go back to using gold as a currency. That would doom us all to poverty, homelessness, and starvation. The advent of modern notions about "currency" has given us the very flexibility you have discussed in your article to solve many global problems, including how to trade food stuffs which feed the planet. That said, for whatever reasons - rationale and irrational, it seems the markets are granting gold some form of "safe haven" status. You win; it may still garner further profit.

    Silver!

    On the other hand, silver has displayed itself to be a very weak hand, moving at the pure whim of speculation, rising rapidly, falling rapidly, and generally behaving like a fish out of water, flopping around on the dry dock hoping to splash back into the water. If anyone thinks silver is a "safe haven", then we are most certainly no longer dealing in rational markets. If that is the case, calamity is likely not far behind and aside from the artificial construct of the gold/silver ratio, gold may rise further but silver is just as likely, similar to the fish out of water, to splash back into the water and head as deep as it can - read that much lower and one would not garner further profit.

    Admittedly, I truly hope we are not on the doorstep of a calamity that will lead the world to depression. If we are, not to sow the seeds of despair, may some greater power help us all as gold will unlikely help and silver will most certainly be of no help at all.

    Jul 19, 2011. 12:35 PM | 1 Like Like |Link to Comment
  • Weak consumer confidence is good for stocks? It's contrarian, "but the proof is in the pudding," Cullen Roche writes. When consumer confidence is over 110, equities have returned -0.2%/year. When it's 66-110, equities have gained 6.4% annually. When the reading is below 66, equities have averaged an annual return of 14.9%.  [View news story]
    Hi Cullen, Whilst not wanting to seem to simplistic, it would seem to me that whenever consumer confidence is low, employers, manufacturers, distributors, wholesalers, retailers and all of the various moving parts in the system of production and distribution simply choose to reduce costs. SG & A costs are reduced by virtue of no "new hiring", attrition is allowed to take place, retiring workers are not replaced, the use of technology is increased, and efficiencies become paramount, right down to the maintenance of reduced inventory. This leads to higher profits on static or lower earnings which is good for stock valuations. Thus, lower consumer confidence is good for stocks! Now, here's the catch; tell this to the unemployed worker who really wants a job inside one of the more efficient companies that not longer needs that worker. GREAT for capitalists but awful for labour.
    Jul 8, 2011. 02:34 PM | 3 Likes Like |Link to Comment
  • LinkedIn (LNKD -0.2%) is tagged with a Sell rating and $45 price target (shares are now ~$93) by Capstone Investments, and that's not all: LNKD is accused of "creative accounting," a lower-than-advertised user base, a high fixed-cost business model and poor corporate governance, on top of a "bubbly valuation not seen since 1990s."  [View news story]
    Without sounding trite, does this really surprise anyone? We all know the answer BUT we all, similarly, prefer to take a few sips from the "Kool-aid" first, wash our glasses, put them back in the cupboard, and then declare the "Kool-aid" tainted. Of course, we took our fill first!
    Jul 7, 2011. 01:01 PM | Likes Like |Link to Comment
  • Get Set for Another Sustained Run in Silver [View article]
    Morning Ananthan,

    I am agnostic on silver but I am amazed at how the gold and silver "bugs" and "bulls" come out whenever there is a positive price movement in these metals.

    Now, I am also not a Goldman Sachs fan either; however, did you see Goldman Sachs' call on commodities on May 24th?

    Here is Goldman Sach's actual PDF:

    www.mediafire.com/?x4x...

    They are NOT bullish on everything and, in fact, reiterated their bearish pricing on, for example, Silver at $26.10 to $28.20 over the next 6 to 12 months. They actually have a price target of $24.70 over the next 3 months.

    To each his/her own how they interpret the data! Goldman knows this and so do you.
    Jun 1, 2011. 09:53 AM | Likes Like |Link to Comment
  • The Precious Metals Rebound Is Under Way and It's Not the Fault of Greece [View article]
    Good to see the Gold and Silver "bugs" and "bulls" out again!

    Did you see Goldman Sachs' call on commodities on May 24th?

    Here is Goldman Sach's actual PDF:

    www.mediafire.com/?x4x...

    They are NOT bullish on everything and, in fact, reiterated their bearish pricing on, for example, Silver at $26.10 to $28.20 over the next 6 to 12 months. They actually have a price target of $24.70 over the next 3 months.

    To each his/her own how they interpret the data! Goldman knows this!
    May 27, 2011. 11:54 AM | 2 Likes Like |Link to Comment
  • Yesterday it was Goldman Sachs, today it's JPMorgan hawking the prospects for copper. "Demand is stronger than production," says the head of its global commodities group. Another bullish analyst notes inventories look to be rolling over, a bullish signal for the metal.  JJC +1.5%, FCX +0.9% premarket.  [View news story]
    Sorry,

    Here is the link for the PDF download of the Goldman call:

    www.mediafire.com/?x4x...
    May 25, 2011. 03:23 PM | Likes Like |Link to Comment
  • The Right Time and Price to Get Back Into Silver? [View article]
    Sorry vjkowalski,

    Here is the link for the PDF download of the Goldman call:

    www.mediafire.com/?x4x...
    May 25, 2011. 03:22 PM | Likes Like |Link to Comment
  • The Right Time and Price to Get Back Into Silver? [View article]
    Sorry suryan,

    Here is the link for the PDF download of the Goldman call:

    www.mediafire.com/?x4x...
    May 25, 2011. 03:19 PM | Likes Like |Link to Comment
  • The Right Time and Price to Get Back Into Silver? [View article]
    Hi suryan,

    A little support for your view.

    Here is Goldman Sach's actual PDF of their Commodities call to clients yesterday:

    mediafire.com/?x4x...

    They are NOT bullish on everything and, in fact, reiterated their bearish pricing on, for example, Silver at $26.10 to $28.20 over the next 6 to 12 months. They actually have a price target of $24.70 over the next 3 months.

    To each his/her own how they interpret the data! Goldman knows this!
    May 25, 2011. 11:22 AM | Likes Like |Link to Comment
  • The Right Time and Price to Get Back Into Silver? [View article]
    Hi vjkowalski,

    You would seem to be closer to the real call.

    Here is Goldman Sach's actual PDF of their Commodities call to clients yesterday:

    mediafire.com/?x4x...

    They are NOT bullish on everything and, in fact, reiterated their bearish pricing on, for example, Silver at $26.10 to $28.20 over the next 6 to 12 months. They actually have a price target of $24.70 over the next 3 months.

    To each his/her own how they interpret the data! Goldman knows this!
    May 25, 2011. 11:19 AM | Likes Like |Link to Comment
  • Yesterday it was Goldman Sachs, today it's JPMorgan hawking the prospects for copper. "Demand is stronger than production," says the head of its global commodities group. Another bullish analyst notes inventories look to be rolling over, a bullish signal for the metal.  JJC +1.5%, FCX +0.9% premarket.  [View news story]
    Here is Goldman Sach's actual PDF of their Commodities call to clients yesterday:

    mediafire.com/?x4x...

    They are NOT bullish on everything and, in fact, reiterated their bearish pricing on, for example, Silver at $26.10 to $28.20 over the next 6 to 12 months. They actually have a price target of $24.70 over the next 3 months.

    To each his/her own how they interpret the data! Goldman knows this!
    May 25, 2011. 09:44 AM | Likes Like |Link to Comment
  • Silver and Silver Stocks Spring to Life [View article]
    Correction: $25.10 to $26.10
    May 25, 2011. 09:34 AM | Likes Like |Link to Comment
  • Bullish on Commodities Yet Forecasting a China Slowdown: Is Goldman Contradicting Itself? [View article]
    Correction: $25.10 should read $26.10
    May 25, 2011. 09:32 AM | Likes Like |Link to Comment
  • Today in Commodities: Goldman Speaks, The Market Listens [View article]
    Hello Rich W. and Matthew,

    Here is Goldman Sach's actual PDF of their Commodities call to clients yesterday:

    www.mediafire.com/?x4x...

    They are NOT bullish on everything and, in fact, reiterated their bearish pricing on, for example, Silver at $26.10 to $28.20 over the next 6 to 12 months. They actually have a price target of $24.70 over the next 3 months.

    To each his/her own how they interpret the data! Goldman knows this!
    May 25, 2011. 09:26 AM | Likes Like |Link to Comment
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35 Comments
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