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  • Will The Gold Price Drop To $1,000?  [View article]
    The end of the current fiat currency system is drawing to a close. This will be preceded by several desperate attempts by the high IQ morons (you know who!) who run monetary policy to stave off the inevitable, including: negative interest rates, a ban on cash and helicopter drops of money.

    In the not too distant future the broader investing community will wake up to the unfolding script (as described above) and begin the biggest gold grab the globe has ever seen -- so much fiat looking for so little gold. Can you imagine the impact? Who would be a seller?

    In the meanwhile the price of gold (and in particular) the price of miners will have already posted 3-digit % gains for the early birds. Only a handful of investing opportunities like this will present themselves in anyone's lifetime.
    Feb 11, 2016. 06:38 AM | 7 Likes Like |Link to Comment
  • Stocks set for positive open as Europe surges  [View news story]
    Feb 10, 2016. 08:10 AM | Likes Like |Link to Comment
  • Goldman is no gold bug, sees prices dropping to $1,000/oz. by year-end  [View news story]
    Golden Sacks have just 'closed' 5 of their "Top 6 Trades for 2016" (already!) ... all at a loss.

    Same movie plays every year. If you want to make money, do the precise opposite of what GS suggests.
    Feb 9, 2016. 07:35 PM | 6 Likes Like |Link to Comment
  • How Much Further To Fall Before The Market Is Cheap?  [View article]
    Hilarious. I sincerely hope you're long the market and staying long.

    You trot out all these reasons why stocks are cheap but forget to mention the most important measure of all - PE multiples, which are too high in a low growth / no growth (soon to be negative growth) environment.

    It's very simple: the value of any security is the sum of all future cash flows. Your logic suggests that earnings will grow strongly in a low interest rate environment, which is a contradiction in terms. Low interest rates indicate anemic growth at best.

    And we haven't even begun to discuss the true state of stock earnings yet - you know, the kind that actually generate real cash for investors rather than impressive numbers arrived at via "adjustments". As the COO of GLG said just over 12 months ago, if stocks were valued based on their real cash generating ability the S&P500 would be trading at under 500 i.e. A discount of more than that 75% to its recent peak.

    Just keep supping on the koolaid, brother!
    Feb 9, 2016. 03:23 PM | 12 Likes Like |Link to Comment
  • Gold soars on stock tremors  [View news story]
    Gee Dave, the economy must be in great shape if it can't withstand a few rate rises which take cash rates to a mammoth total just shy of 1%.

    People are deluding themselves if they think these minuscule rate rises mean anything. The global economy is going to hell, rate rises or no.

    The rate rises are the signal for the world's $200 trillion debt pile to start unwinding. Nothing more, nothing less. Say again, $200 trillion of spending that's been brought forward to today that won't be spent tomorrow - and it's all spending that is currently reflected in stock prices. The S&P500'is looking hyper expensive at 1800 on that basis ..
    Feb 9, 2016. 06:11 AM | 5 Likes Like |Link to Comment
  • Gold soars on stock tremors  [View news story]
    What, no comments yet?

    The gold bears must all be asleep ..

    Silly me. That's right, they only come out when the price is falling - bit like a weatherman telling us it's raining.

    Good time to short gold, fellas? Target $700 still?
    Feb 9, 2016. 05:35 AM | 7 Likes Like |Link to Comment
  • Gold Weekly: Should You Join The Party?  [View article]
    Paging Ben Lockhart, paging Lockhart ...

    Any chance we'll see him soon?

    Don't hold your breath ...
    Feb 9, 2016. 03:49 AM | 1 Like Like |Link to Comment
  • No, Gold Is NOT A Pet Rock  [View article]
    Where's Ben Lockhart when the price of gold is rising?

    He promised me more downside to this barbarous relic!

    Oh well, at least I wasn't short, unlike his fawning band of supporters.
    Feb 8, 2016. 04:13 PM | 5 Likes Like |Link to Comment
  • Apple: Say No To A Massive Dividend Increase  [View article]
    Share buybacks will do nothing in a falling stock market to stop the rot.

    Added to which, AAPL sales will go into reverse soon, along with all other consumer discretionary products as the globe slides into recession.

    People who stick with it rather than getting out deserve all that's coming - the warning signs have been plentiful.
    Feb 8, 2016. 04:09 PM | 4 Likes Like |Link to Comment
  • Apple: Say No To A Massive Dividend Increase  [View article]
    There is a good reason that Canadian banks stocks yield 4-5% and it's isn't a good sign. Canadian banks may not be paying a dividend at all soon.
    Feb 8, 2016. 04:06 PM | 7 Likes Like |Link to Comment
  • Timing The Bear Market And The 90/10 Rule  [View article]
    Reading through the comments is most amusing :- the stock Bulls are very annoyed at the author for daring to be bearish!

    Stock Bulls will get everything they deserve in the coming years and rightly so ...

    Natural selection insists this be the case.
    Feb 8, 2016. 04:00 PM | 1 Like Like |Link to Comment
  • Apple on track for approval to open India outlets  [View news story]
    At last!

    A reason to buy AAPL with both hands and feet.

    Thank you, Tim. Utter genius.
    Feb 8, 2016. 05:22 AM | 21 Likes Like |Link to Comment
  • Our Central Bank Team Is Not Super Bowl Worthy  [View article]
    The only good central banker is one that recognises his institution's anachronistic nature, packs his bags and shuts the doors to that institution forever. Central Banks are a tool of government - institutions that enable governments to fund expensive social programs and wars. They are anathema to a free-market economy.

    If the citizens of any country woke up one day to the news that the incumbent government was establishing a committee that would meet once a month to fix the price of bananas for the following month the citizens would rightly think their government had gone off the deep-end, and yet, they do not question the existence of their central bank - which is doing precisely the same thing.
    Feb 7, 2016. 01:24 AM | 2 Likes Like |Link to Comment
  • Miners surge as metals rally, dollar drops  [View news story]
    The problem with a ponzi scheme (which is precisely what a debt-based monetary system is) is that it always needs more juice to stay aloft. The Fed has no choice but to continue - if you can't see that then you quite possibly have no business commenting here. This isn't an opinion of mine - it's cold fact.
    Feb 6, 2016. 05:57 PM | 1 Like Like |Link to Comment
  • Apple: The World Has Yet To See 'Peak Mac'  [View article]
    OMG. Another article begging the gods to turn the AAPL stock price around.

    This is precisely what you get when people acquire a near-religious attachment to something.

    All those folks who convinced themselves that going all-in on AAPL stock would see them sail into a bright, wealthy retirement ..... Wow.
    Feb 6, 2016. 05:34 PM | 1 Like Like |Link to Comment