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dak riggins

dak riggins
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  • Are We Ready To See Gold Heading To $4,990? [View article]
    More tedium from the Amway salesman/self-proclaimed TA guru.
    The great thing about this pundit is he can never be wrong, as he so qualifies his calls that they are essentially meaningless.

    What I REALLY find nauseating about his commentary though, is his commentary manipulation, which puts gold manipulators to shame. He has a bunch of one day old identities from which he writes rave reviews to himself, and belittles detractors. This is simply a documented fact, and I have mentioned it with examples before.

    More to the point though regarding Jim Sinclair. Unlike this guy who is a great example of ''those who can trade do and those who cant, sell TA advise", Sinclair is indeed a master trader, whose bang on calls are well documented. Unlike this guy, Sinclair makes precise, non-ambiguous calls, and lo and behold, they come true. For instance...

    1980. Sinclair called the gold market top to the day. Documentated fact.

    2 weeks ago. Sinclair said $1580 was the bottom. This was before Cyprus, ect. Again, making calls, being right, without qualification and 100 other excuses about if this happens, that might not happen, yada yada.

    2006. Sinclair said gold would trade at 1625 in Jan 2011. It happened in July. Can you imagine? Gold was trading around $700 at the time. I remember when he made that call. It was incredible. Meanwhile scoffers and pundits like John Nadler were heaping every kind of ridicule on Sinclair. Kind of like this guy now.

    The case for metals manipulation is airtight and obvious if you want to read the literature, and I wont bother making it again here, as this author either doesnt get it, or wants to pretend it doesnt exist as it obfuscates his fib-based system (pun intended).

    Either you can go with a wildly wealthy, precise, price-caller like Sinclair, or find someone who makes the facts fit his call after the fact, like this author.

    ps. Al, comparing gold and TA...
    Gold has been right for the past 13 years in a row, as its soundly supported by governmental ineptitude. I hear you about the fervor though. I think G.B.s are so rabid because they are staunch libertarians living in a collectivist, Keynesian world...
    TA is useless since every retailer already uses it. TA will never be wrong ever, as it has a new Rorshak interpretation for every event. ''Oh look, this is an instance of the Knevial Canyon jump signal, now I just need confirmation from the Snake Valley Cobra-head symbol''.
    Mar 19, 2013. 03:24 AM | 4 Likes Like |Link to Comment
  • Why You Should Hold Onto Your Gold And Silver [View article]
    Why on earth would you hold the paper gold farces of God or slv? They are illegally allowed to be shorted, which would be impossible if they bad allocated metal. Ger the sprott pslv. GLD and SLV are used to suppress price by sucking up demand without affecting supply.
    Feb 21, 2013. 11:17 AM | 3 Likes Like |Link to Comment
  • These Silver Stocks Are Too Beaten Down To Ignore [View article]
    Great article. THanks. Dont forget T.USA. Producer increasing production, huge high grade proving up. Huge potential
    Feb 19, 2013. 02:53 PM | Likes Like |Link to Comment
  • Last Chance To Sell Gold And Silver [View article]
    Rogoff and Rienhardt is where its written. Familarize yourself with this excellent tome on the absurdity of liquidity as a balm for insolvency, and then perhaps you will spare us from articles like the above in the future.
    Feb 19, 2013. 12:38 PM | 3 Likes Like |Link to Comment
  • Last Chance To Sell Gold And Silver [View article]
    Such analytical silliness and such name calling nastiness. The best way to debunk these familiar, assinine points is with the authors own words.

    Author: ''No matter what the fundamentals say, no matter what the price actions says and no matter what the charts say, the gold and silver crowd will always tell you to buy gold and silver'''.
    -Actually its because of of fundamentals goldbugs say buy. Anyone who cant see the train wreck debt ridden fiasco that is the financial system, is probably a mainstream analyst, like the author. In 1980, Mr. Gold Jim Sinclair said sell gold, because of the interest rate regime of the time. Volker restored integrity to the paper dollar. Everyone knows this, except apparently this author.
    Negative real interest rates, QE to infinity, chronic unpayable deficets. Anyone happen to listen to the President this morning on why we shouldnt cut unpayable spending today? Buy gold. Duh.

    Author: " if a bubble remains a bubble for a long time, then investors take it for granted and think it is not a bubble.".
    -This author obviously equates a steadily rising asset with a bubble and cant tell the difference between the two. The public isnt into gold, nor are most institutions, pensions, ect. Central Banks were up until recently big sellers of gold even during the authors supposed ''bubble''. Gold has risen on fundumentals. Gold is an investment in the ongoing idiocy of academics, and the corruption of governments. Overlay treasury balance sheet with gold. They rise in lockstep.

    I could go on and on and on and on, but mundane points like the authors have been made against gold since it began rising, and are as equally tedious now as they were in 2002.
    Feb 19, 2013. 11:39 AM | 10 Likes Like |Link to Comment
  • Silver: Near-Term Bullishness Possible, But Lower Levels Still Likely [View article]
    The next cues from the market?
    Read billionaires Soros, Rogers, Einhorn, Bill Gross, ect ect for their cues on the precious metals market.
    Read chronic US and Canadian Mint chronic shortages for cues in the market.
    Read insatiable precious metals purchasing from nations with trade surpluses for cues in the market.
    Read BOJ BOE ECB Fed Reserve unstoppable paper money creation for cues in the market.
    Read mathematically unpayable sovereign debts for cues in the market.
    Inspector Clouseau has a better chance of finding cues in a massively dysfunctional market like silver than TA squiggle watchers. Nuclear bomb like cues in the market are going off, and the author keeps a glass to the door listening for cues to the silver market.
    Pure salesmanship
    Feb 10, 2013. 05:48 PM | 7 Likes Like |Link to Comment
  • Silver: Near-Term Bullishness Possible, But Lower Levels Still Likely [View article]
    Author: 'silver may go higher or it may go lower'.
    In other news, it may rain, unless its sunny.
    You guys pay money for this?
    Feb 10, 2013. 05:33 PM | 6 Likes Like |Link to Comment
  • China Silver Import Numbers [View instapost]
    Anatal Feteke hypothesizes that China has lots of domestic silver from its silver standard days. You heard anything on this?
    Feb 6, 2013. 03:23 PM | Likes Like |Link to Comment
  • 5 Compelling Reasons To Sell Gold [View article]
    You better hope perceptions are bigger than reality, cause thats all that's sustaining the bloated hogs also known as the dollar and the euro, or the yen and pound for that matter. These despicable aberrations dont deserve to live.
    Feb 5, 2013. 12:29 AM | Likes Like |Link to Comment
  • Central Bank Gold Lending [View article]
    Excellent article.
    Thanks for doing that leg work.

    Central Banks continue to show how farcical their accounting is (ie. gold/gold receivables on the same line), and what contempt they have for their contituents by refusing to declare what they are doing with the gold reserves which have been entrusted to them.
    Feb 5, 2013. 12:25 AM | 1 Like Like |Link to Comment
  • 5 Compelling Reasons To Sell Gold [View article]
    I disagree

    1. Equities are seriously ready to pop, and QE is all thats buoying them. Everyone and their dog is now long. ''When the shoeshine boy starts giving you stock tips, supersaturation has been achieved and get out.

    2. The strongest correlation is that between the rising Fed balance sheet and the rising price of gold.

    3. Rising Treasury yields are indicative of fear of US insolvency, not a vigorous economy.

    4. Fed action is bullish. QE is only now starting to show up on the Fed's balance sheet.

    5. Technicals are irrelevant in a suppressed market like gold.

    All you need to know is that gold/ silver is manipulated via GLD/SLV shorting (how can you short allocated ETFs??), massive concentrated bullion bank naked COMEX shorts, Central Bank gold leasing, rehypothecation/theft of gold unallocated accounts, rehypothecation/theft of gold allocated accounts, ect. ect. ect. ect.

    Get gold/silver while you can, at anywhere near these prices.
    In other news, Argentina begins grocery store price controls. Im sure Obama is far to wise to ever resort to such a thing <sarc>
    Feb 4, 2013. 11:42 PM | Likes Like |Link to Comment
  • Reasons Why Endeavour Silver Has Slid And Why It Might Have Upside Potential [View article]
    I agree. I see a healthy short position on a precious metals stock as a good thing. Then when silver rips, its covering is a nice kick up.
    Feb 3, 2013. 12:40 PM | 1 Like Like |Link to Comment
  • Is There A Reason To Turn Into A Raging Silver Bull? [View article]
    Silver is in short supply -Comex pun intended-, paper fiat is in ever greater exponential supply. Its not complicated. Buy silver.
    Feb 3, 2013. 12:04 PM | 4 Likes Like |Link to Comment
  • Stunning Bond Collapse Will Be Gold's Gain [View article]
    "And the redemptions from GLD could also be seen as rats leaving the paper gold ship as opposed to real fear of gold drawing lower."
    -exactamundo
    Feb 2, 2013. 11:58 PM | 2 Likes Like |Link to Comment
  • Silver: Are We Heading Back Down To $26? [View article]
    Well, Im always learning and on the lookout for useful information (and useless misinformation). Just trying to make my way in these central bank interventions that pass for markets these days.

    Sorry I missed you before Monday, but the sites I follow called for a rally today, as metals options expiry was now behind us, which has indeed occured. If I could be so bold as to try and provide useful information, here is a post from Friday, on why gold would hit $1650 on Monday, which it did.
    http://bit.ly/WOJPlU
    Look at that graph. Tell me that on Thursday this info wouldnt be infinately more useful that hugely qualified line squiggles that are known to everyone. Look at those options @ $1650 and above. What a surprize, gold went to $1650 on Monday.
    I used that bottomfishing info to load on my favorite miner option on Friday, while grabbing more today -albeit at a slightly higher price. The divergence between miners and the metal is at all time highs.

    In addition, as of right now, the Fed Reserve Balance sheet has just begun to show the QE4 expansion, with an addition of 45 billion, and 85 billion a month (Treasuries and MBS) to follow, with no explicitly determined end. The correlation between the gold price and the Federal Reserve Balance sheet is one of the tightest around.

    The US and Canadian Mints are running out of silver and are going to an allocation basis, while we are simultaneously seeing the repatriation of Central Bank gold to Germany and soon others, (Netherlands, Austria, ect.).
    As GATA has so meticulously chronicled, Central Banks are willing to lease gold, and they are unwilling to reveal the particulars of such transactions. Even this information was only revealed after decades long badgering and FOIA suits by GATA.

    So the money supply is getting greater and the metal supply is getting less. Gold and silver are going higher, as of right now.

    Anyone denying gold price suppression is denying reality, and it doesnt take too much effort or inquiry to see that it is occuring.
    Zerohedge should be required daily reading for anyone seriously interested in deciphering what is happening in our financial world.
    Jan 30, 2013. 12:15 AM | Likes Like |Link to Comment
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