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  • Goldman on gold: It's heading to $1,000 [View news story]
    I pity anyone who thinks there's going to be a rate hike.

    It should be obvious to all but the most naive that there will NEVER be a rate hike.

    We are at peak debt and a rate hike will lead directly to the greatest depression in history (which is coming anyway).

    The resolution will be a currency crisis followed by a new monetary regime. It should be obvious to anyone who calls themselves a Finance Professional. If it isn't, you get what you deserve.
    Oct 22, 2015. 08:21 AM | 6 Likes Like |Link to Comment
  • Gold Sentiment Gets Frothy - Bulls Beware [View article]
    There are more ways than one to measure sentiment: Gold Optix publishes a sentiment indicator which shows gold only now just creeping out of the "Extreme Pessimism" zone. This indicator clearly contradicts the COT positioning (for sentiment, at least).

    I would posit that if sentiment were truly "frothy" then most, if not all, indicators would show a consensus. The mainstream media is abound with bearish articles on gold's prospects and I would wager that if you were to produce a ratio of bearish articles vs bullish articles right now, the ratio would be orders of magnitude north of 1 in favour of the bears.

    Every successful trader knows that if you run with the herd over the long term you will lose money. And every successful trader knows that there no recorded examples of the 'herd' ever calling a trend-change in any securities market. The herd is only ever right when a market is 'trending' and therefore only ever right for a short period of time, given they usually miss the 'turn' by months (if not years).

    Just saying ...
    Oct 21, 2015. 09:08 PM | 3 Likes Like |Link to Comment
  • Gold Is In A Long-Term Downtrend Driven By Fed Monetary Policy [View article]
    Since the inception of the Fed in 1913 the USD has lost c.98% of its value (as measured by purchasing power). And gold is going back to $250/oz after the true money supply has quadrupled since 2001? LOL
    Oct 21, 2015. 04:04 AM | 2 Likes Like |Link to Comment
  • Gold Sentiment Gets Frothy - Bulls Beware [View article]
    I'm not sure about your sources but mine tell me sentiment towards gold is still in the toilet. Every man and his dog were aware that gold would meet resistance in the $1,180 to $1,200 range as it's a key technical level. The fact there is a pullback here is news to no one and the only ones who care are levered longs.

    You reference 'bugs' the whole time and you're always 'warning' them but the fact you mention bugs in a 'trading' article is ludicrous. By definition 'bugs' DON'T trade, bugs hoard. If they trade, they're 'traders' not 'bugs'. Just saying ....

    Anyone who takes a medium-to-long term view knows that buying anywhere around these levels is a home run. There is NOTHING in the fundamentals for gold bulls to fear. The future is papered with endless monetary easing and stimulus (irrespective of Fed jaw-boning).
    Oct 19, 2015. 08:42 PM | 1 Like Like |Link to Comment
  • Gold Sentiment Gets Frothy - Bulls Beware [View article]
    What about Avi Gilbert?
    Oct 19, 2015. 08:32 PM | Likes Like |Link to Comment
  • Investors Don't Realize Just How Good Citigroup Really Is [View article]
    There may be some truth to what you say but looked at from another angle i.e. "nobody knows how bad it is either", it is best avoided probably altogether.

    The bottom line is that if you can't assess precisely what's going on in a business then it is best to leave it alone and analyse businesses that afford better visibility. Banking and money-center banks in particular are highly opaque and there is simply no way of knowing what legacy (GFC) toxic waste is lurking on those balance sheets. If the economy turns down again as it looks like it's doing right now, all that stuff could end up being exposed again, even with rates at zero.
    Oct 17, 2015. 04:38 AM | 2 Likes Like |Link to Comment
  • Apple: The 4-Inch iPhone Wild Card [View article]
    More clutching at straws .... wake up folks, AAPL is a mature company that does not deserve a massive multiple (and it's cash is effectively trapped abroad).
    Oct 15, 2015. 11:47 PM | 1 Like Like |Link to Comment
  • Stocks set for opening gains as globe rallies [View news story]
    Somebody is certainly trying to turn this sucker's rally into something more.

    Good luck with that
    Oct 15, 2015. 07:18 AM | 3 Likes Like |Link to Comment
  • Futures lower as global rally pauses [View news story]
    ".... global rally pauses". LOL

    Because there's simply NO way that the rally is actually a short-covering rally, soon to be followed by a resumption of the downtrend.

    As always, top quality reporting on SA.
    Oct 14, 2015. 02:16 AM | Likes Like |Link to Comment
  • Apple: Mac Sales Delivered Increased Market Share But Still Posted Negative Growth [View article]
    No way .... AAPL rules! It's going to the MOON no matter how negative sales get!

    Seriously -- I read it on Seeking Alpha
    Oct 12, 2015. 06:07 PM | 7 Likes Like |Link to Comment
  • Gold Sends Warning To Stock Bears [View article]
    Not everything has a cookie-cutter explanation (the ones the MSM likes to trot out for their readers to "explain" things). Their are often technical issues at play.

    In addition gold mining stocks don't typically track the gold price -- in fact, gold stocks tend to lead the price, strange as that may seem. If you look at most major lows in the gold price, you'll find the stocks have started rallying well in advance.
    Oct 12, 2015. 04:54 PM | Likes Like |Link to Comment
  • Gold Sends Warning To Stock Bears [View article]
    Maybe .... but in the recent past 'economic peril' has not been accompanied by vast CB money printing operations (currency debasement). This time round the very value of the currency is under threat. Your beloved treasuries are denominated in near worthless paper -- always worth remembering that.

    The Full Faith and Credit .... etc ("Faith" being the operative word. People have faith .... until they don't)
    Oct 12, 2015. 04:47 PM | Likes Like |Link to Comment
  • Gold soars to seven-week high [View news story]
    To be fair, you're only "getting your face ripped off" if you're leveraged into the trade. If you're a cash investor there have been far worse times in the past 4yrs to invest in gold. The trick is to recognise the eventual washout for what it is and not panic.
    Oct 12, 2015. 04:13 PM | 1 Like Like |Link to Comment
  • WSJ: Apple steps up electric car efforts, aims for 2019 shipping date [View news story]
    I'm hearing similar complaints about the iPlane.
    Sep 22, 2015. 02:49 AM | Likes Like |Link to Comment
  • Gold catches bid after Fed holds off on rate hike [View news story]
    The Fed will NEVER raise rates voluntarily. When the Sheeple wake up to this fact gold will continue the next leg of its bull run. QE4 and 'helicopter money' are on the way. You can put your house on it.
    Sep 19, 2015. 02:29 AM | Likes Like |Link to Comment