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BORNAGAIN2007

BORNAGAIN2007
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  • What The GDP Report Says About Gold [View article]
    boatman

    Well said.

    What Macro Investor has not highlighted is fact that Congress just voted to raise the debt ceiling which will take the US deficit to $17 Trillion by May 2013.

    In addition, jobs data was again week and the Chinese are moving aggressively toward transitioning out of dollar denominated assets. Below is an article from kitco.com (Roger Wiegand) that summarizes my position on the whole matter.

    THE MAJOR TRENDS AHEAD FOR THE NEXT TWO TO THREE YEARS AND PERHAPS LONGER.

    The US Dollar now at Index 80.00 will sell off over time to 46-40 on the charts, effectively cutting its value in half. This could take a few months but more probably a few years. The trend is cast in bronze and remains intact with no alternatives.

    The USA debt ceiling will be pushed up to infinity. It stops when bonds have no value and crash and burn along with the credit rating of the United States of America.

    Interest rates will rise dramatically when the bonds cave in as trading markets, not the central planners, realign bond and Treasury bill valuations.

    Gold will rise to at least our old 2005 long range technical forecast of $2,960 and most probably much higher.

    The Canadian Dollar will rise with precious metals and other commodities, until these markets sell off in a global crash selling event. Canada fares better than the USA but it is tightly tied to American trade exports and will diminish Canada somewhat.

    The three nations in the worst condition for this year in Europe are Greece, Spain and Italy. Others will follow down the Road to Perdition.

    Inflation ramps up this year, heading for 15% or higher. If and when it touches 50% or more it becomes hyperinflation. Crude oil is beginning to rise on inflation right now.

    History repeats and we see the cycle of 2013 to 2016-2017 replicating 1934-1938. The 1937-1938 US stock markets fell -45% in the third major selling event from 1929 to 1942. The Dow could touch 4,940-5,600 as a technical lower support. Politics and a markets selling overshoot might even take the Dow to 1,500 with a -90% smash like the 1929-1930 scenario.

    Then sadly and lastly, comes the World War, the ultimate jobs-maker-machine used by all governments to right the global economic ship.
    Feb 1 09:54 AM | 13 Likes Like |Link to Comment
  • Are The Markets Rigged? [View article]
    Eric,

    Well written article. Over the past several weeks, divergences were identified by both yourself and many others that make no sense in a free market. One example is the COPPER to SPY chart that shows COPPER in decline while SPY increasing. While I could site 100s of other examples, it suffices to say that these kinds of things do not happen statistically without a little help (manipulation, rigging, etc.). What is really interesting is that everyone (media, investment firms, banks, analysts, etc..) are in on the fix and the fix is worldwide.

    The real troubling issue about all of this behavior is that there is no accountability. The US in particular reminds me of an addict in a drug store with a CREDIT CARD. All one can see is TAX, BORROW and SPEND within every government around the world. CYPRUS is a prime example of what happens when the end of TAX, BORROW and SPEND is reached.

    In the end, the answer to the question "Are the markets rigged?",my answer is YES with no end in sight.
    Mar 22 08:48 AM | 9 Likes Like |Link to Comment
  • Investing In Gold: Is A Bubble Popping? [View article]
    Abe ...

    You are wrong concerning your comment "You are wrong about 5000 year part" ... read your Bible. Remember, you have been wrong for 4 years Abe ... 4 years is a long time.

    Below is verse that can be traced historically to about 5000 years back in History.

    Gen 13:2 KJV - And Abram [was] very rich in cattle, in silver, and in gold.
    Mar 18 02:34 PM | 9 Likes Like |Link to Comment
  • Gold, Silver, Mining Stocks: 'Capitulicious'? [View article]
    fishfryer,

    Well said. Volume of negative messages about gold and gold equities on Seeking Alpha and virtually every other social media outlet on the planet has gone parabolic during last four months. Macro Investor is a good example.

    Macro Investor has become my "when-to-buy" signal when I see more than 30 messages posted by Macro Investor in one day.
    Feb 21 05:55 PM | 9 Likes Like |Link to Comment
  • The Spark That Ignites A Hyperbolic Rise In Silver And Gold [View article]
    MontanaFede,

    Didn't you see the video that showed Subway footlong is now 11". That is 8% inflation. In addition, they have also cut down on the amount of meat and cheese they are adding to the sandwich.
    Feb 8 05:50 PM | 9 Likes Like |Link to Comment
  • Paranoid Little Fish And The Collapse In Gold Prices [View article]
    Robert Loftus ...

    I have to agree with the Hammer ... not much substance.
    Jun 20 08:16 AM | 8 Likes Like |Link to Comment
  • 5 Compelling Reasons To Sell Gold [View article]
    I have titled my comment: Five Compelling Reasons to Buy Gold

    1. Dollar about to get smashed ... downside target of USD 72-73 which equated to a 10% decline. I wonder what will happen with the price of GOLD and all commodities under a 10% decline. Note that COPPER is already on a rip roar'n rally. Euro chart is very bullish with short term upside target of 142+.

    See dollar chart specified by following URL
    http://bit.ly/RjgxqO

    2. The USA debt ceiling will be pushed up to infinity. It stops when bonds have no value and crash and burn along with the credit rating of the United States of America.

    3. Interest rates will rise dramatically when the bonds cave in as trading markets, not the central planners, realign bond and Treasury bill valuations.

    4. Inflation ramps up this year, heading for 15% or higher. If and when it touches 50% or more it becomes hyperinflation. Crude oil is beginning to rise on inflation right now. Note** Walgreens and other retailers have raised prices by 50% in some cases by altering their pricing models. Walgreens is not alone.

    5. History repeats and we see the cycle of 2013 to 2016-2017 replicating 1934-1938. The 1937-1938 US stock markets fell -45% in the third major selling event from 1929 to 1942. The Dow could touch 4,940-5,600 as a technical lower support. Politics and a markets selling overshoot might even take the Dow to 1,500 with a -90% smash like the 1929-1930 scenario

    ** Note that I could have listed 100, but I thought five (5) was a good place to stop.
    Feb 3 06:27 PM | 8 Likes Like |Link to Comment
  • Ding Dong, The Yellow Metal Is Dead! [View article]
    Avi Gilburt,

    A lot of things are very wrong today. Jim S. is simply stating facts about the financial system which is actually quite disheartening to read. The financial system is just a symptom of a bigger problem. The governments are corrupt to the core and it is getting worse daily. America is a cesspool of iniquity as evidenced by Plan B ruling by some federal judge which is equivalent to legalized murder of children. A day to "real" reckoning lies just ahead will make many wish they bought a ticket on the Titanic.

    The above is why precious metals in general are going to go up.
    Apr 7 10:17 PM | 7 Likes Like |Link to Comment
  • Gold Bullion And Miners' Race To The Bottom [View article]
    While your statement "Gold Bullion And Miners' Race To The Bottom" is true, market valuations in this space have never been better. Below are just 5 of the many reasons that one could site that demonstrate miner valuations are dirt cheap.

    1. Dividends of gold miners now better that 5 year treasuries in almost all cases.
    2. Most gold miners now trading at forward P/E ratios in the single digit range.
    3. Many gold miners have projected production growth rates of double digit over the next two (2) years.
    4. Many gold miners with by-products (CU, ZC, MB, LD, etc.) are priced at levels that value gold in the ground at or near $0 per ounce when by-product credits are considered. Exploration programs for many miners are not only replacing reserves, but these same exploration programs are growing reserves. As an example, NEM has many billions of pounds of copper in the ground.
    5. Cash flow growth for gold miners is significant and growing even at a $1.500 / oz gold price. Cash flow metrics for the larger miners is in the Billions of dollars.

    Blackbox trading and HFT coupled with technicals are setting up the entire system for a day of financial armageddon. Market is clearly irrational and the world is in denial about inflation because of manipulated government statistics. Gold price within the last 60 days hit an all time high in YEN terms. Gold all time high in dollar terms cannot be far behind. Today, for example, it can be shown that fair market value price for gold is above $2,000/oz using ShadowStats inflation model.

    The dollar for all intents and purposes is finished because of the inability of the USA to deal with debt challenges in a credible way. Today, the USA has nothing more than a TAX, BORROW and SPEND fiscal policy. It is not a question of if, but when.

    One final comment is a quotation from an ancient book that is true about firms engaging in HFT and blackbox trading:

    "Professing to be wise, they became fools."
    Mar 1 05:08 AM | 7 Likes Like |Link to Comment
  • The Debt Paradox That Everyone Should Be Aware Of [View article]
    JaxxBat ...

    I agree with you ... this article is excellent and really gets to the heart of the matter while providing a plausible explanation for the schizoid behavior of the markets.

    It kind of feels like the calm (eye of the hurricane) before the "perfect" storm.
    Feb 27 05:36 PM | 7 Likes Like |Link to Comment
  • Weak Economy Will Hit Markets, Lift Gold And Some Miners [View article]
    Dominic Faultz...

    With all due respect, you are wrong sir. Below is the truth behind the government propaganda and misinformation. While the headline says 165,000 jobs, it would depend on one's definition of a job.

    If you cannot fix the economy, fix the figures.

    Dark side to jobs report: Big drop in hours worked
    Commentary: Shorter work week equivalent to 500,000 jobs lost!!!!
    May 4 01:50 AM | 6 Likes Like |Link to Comment
  • Gold Will Play A Key Role In Emerging Global Monetary Order [View article]
    Charles Hinton,

    Let me answer your comment about money. Money is not evil, it is the worship of money that is the problem. In fact God does in fact encourage ownership of property for His glory. The real problem occurs when you have a government that is stealing from future generations. Now stealing/theft is a problem. In fact, redistribution of wealth is how socialism (Marxism, etc) works which is what we are beginning to see in America today.

    I would encourage you to read the following books and get up to speed on American history. The founding documents are based on the Two Treaties of Government by John Locke which contains over 1,500 Bible references. Below are several other books that you might find beneficial as well in explaining the American miracle and God's providential hand in its formation.

    America's GOD and COUNTRY - William J. Federer
    The Light and The Glory - Peter Marshall and David Manuel
    From Sea to Shining Sea - Peter Marshall and David Manuel
    Mar 2 03:26 PM | 6 Likes Like |Link to Comment
  • Gold Will Play A Key Role In Emerging Global Monetary Order [View article]
    Emmet,

    Well written article ... you hit it out of the park. I loved the one quote listed below from von Mises:

    "The gold standard has one tremendous virtue: the quantity of the money supply, under the gold standard, is independent of the policies of governments and political parties. This is its advantage. It is a form of protection against spendthrift governments." - von Mises, Economic Policy

    While I know that Bible is not popular in this forum nor is it believed by many, it has some interesting things to say about man which is relevant to our current situation. Assuming that there is a God of the Bible, he had some very interesting things to say about human nature that is implicit in the quote from von Mises. While there are 100s of verses that discuss the doctrine of human depravity, there are a couple of verses in particular that were foundational in the building of America by the founding fathers. The verses are listed below:

    Jer 17:9 NKJV - "The heart [is] deceitful above all [things], And desperately wicked; Who can know it?
    Jer 17:10 NKJV - I, the LORD, search the heart, [I] test the mind, Even to give every man according to his ways, According to the fruit of his doings.

    The verses above are one of the main reasons that America has a legislative, executive and judicial branches of government. The branches were put in place to ensure that no one branch or individual has too much power. In addition, a gold standard would restrain the dark side of human behavior which includes our elected officials. Somewhere along the way during the last 100 years, America has lost this understanding. It is a shame. Below is the verse that was key in construction of the American form of government.

    Isa 33:22 NKJV - (For the LORD [is] our Judge, The LORD [is] our Lawgiver, The LORD [is] our King; He will save us);

    Again ... well written article.
    Mar 1 02:31 PM | 6 Likes Like |Link to Comment
  • The Spark That Ignites A Hyperbolic Rise In Silver And Gold [View article]
    Well done. I agree with all content as it was presented in the article.

    My visits to Walgreens and Walmart recently are proof of your data.

    Using Walgreens as one example of 100s that I could site, Walgreens recently (within the last 9 months) went to a new pricing model that increased prices for vitamins and many other items in the store by 50%. It took place in a very funny way. Original pricing model used to be buy one and get 2nd one for free. The new pricing model is to buy one and get the 2nd one at 50% off. Note that this new pricing model introduced a 50% increase for same amount of commodity.

    In addition to the retailers adding price, manufacturers of food items have been reducing package size by 10% to 20% and selling item for same price.

    Bottom Line: The inflation genie is now out of the bottle and everyone is about to see that the emperor (Federal Reserve) has no clothes. The entire world is in denial about the challenges that lie before all of us. It will not be too long before the media (CNBC, etc) can no longer paper over (hide) the truth.
    Feb 8 02:20 PM | 6 Likes Like |Link to Comment
  • Is This Finally The End Of Gold's Decade-Long Bull Market? [View article]
    Stuart Burns ...

    In the scheme of things, billions of dollars you reference in that statement below is like a pebble of sand on the beach when one looks at government debt, rise in aggregate money creation, currency SWAPS, etc. which are measured in TRILLIONS.

    "It is probably not an exaggeration to say billions of dollars probably swing on that question."

    See following website to understand why BILLIONS does not matter in the scheme of things. The elephant in the room is the mounting debt that will increase as far as the eye can see in TRILLIONS.

    http://demonocracy.info
    Mar 8 01:06 PM | 5 Likes Like |Link to Comment
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