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  • Miners Vs. Gold And More On My Gold Bottom Theory [View article]
    George ... the one item that is worth watching is the historically huge short interest (556 Metric Tons) in gold. Per the people at, we get the following note:

    "The CFTC releases its CoT late every Friday afternoon, current to the preceding Tuesday. So the latest available data when this essay was published was Tuesday July 9th’s. And it is truly stunning. Gold-futures speculators held the short side of an astounding 178.9k contracts that day! This was at least a 12.3-year high, the most-extreme gold-futures spec short position by far in gold’s entire secular bull.

    The sheer size of this bearish bet is breathtaking. Each COMEX gold contract controls 100 troy ounces of the yellow metal. So American futures speculators have borrowed and sold 17.9m ounces, or 556.4 metric tons! That even dwarfs the also-outlying record selloff in the holdings of the flagship GLD gold ETF over the past 7 months, which now weighs in at 417.3t. This epic gold short is wildly unprecedented."
    Jul 22, 2013. 05:44 PM | 1 Like Like |Link to Comment
  • Gold Will Drop After Bernanke [View article]
    Richard Cox ...

    In a word: "Confused by your logic ... " Gold up $30+ today, 22Jul13. A lot more room to run with a record 556 metric tons shorted as of first week in July '13 ... look of fuel just waiting for a match.
    Jul 22, 2013. 05:44 PM | 1 Like Like |Link to Comment
  • Fund Flows Hint At Cautions On Consumer Status, Best Sectors In Recovery [View article]

    I agree with everything you said.

    One observation: This market is very, very sick like a patient that has a deadly unknown virus. I literally looked at 100s of economic and technical charts that are completely disconnected. For example, Stocks Surge as the ISM New York Collapses To 4 Year Lows. I could site 100s of others.

    In addition to the above, we appear to be on the verge of major upheaval for governments in various places in the world. Egypt is the latest example where it appears there is a battle raging over liberties and religious freedom. Another example is Germany's edict to Greece. Thoughts you would like to share on what is holding this market up?

    All of this will not end well.
    Jul 2, 2013. 03:04 PM | 2 Likes Like |Link to Comment
  • Finally, A Reason To Buy Gold Miners [View article]
    Stanley ...

    One comment: "RIGHT ON!"

    I expect the miners to more than double within next 6 to 12 months.

    My reason: Market about to experience a financial war between east and west and the east (Chiina, India, Russia, etc) win. These people are absolutely livid about the spying.

    In addition, US policies and laws have mocked GOD and that will not end well.
    Jun 30, 2013. 09:52 PM | 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, 2013. 08:16 AM | 8 Likes Like |Link to Comment
  • Busted Yen Carry Trade - Time For Stock Investors To Pay Attention [View article]

    You are spot on with this article ... nice job with data due diligence and graphs.

    We all need to start paying attention ... the manufactured YEN crash will have consequences ... just when/where/how these consequences appear will be one for the record books.

    Rumors are that Japan has put in place plans for a "Bank-in" similar to process used in CYPRUS.

    We do live in interesting times.
    Jun 19, 2013. 04:18 PM | 3 Likes Like |Link to Comment
  • Cooking Up A Crash [View article]
    Buyandhold 2012 .....

    I agree 110%!
    Jun 14, 2013. 04:43 PM | Likes Like |Link to Comment
  • Markets Repeat Prior Week's Action [View article]

    I loved your comment on EWJ. "What ?!?!?!" I also had similar thoughts when I saw the fact that EWJ was UP when the NIKKEI was down 6%!!!

    In two words: "MARKET BROKEN"
    Jun 14, 2013. 04:02 PM | 1 Like Like |Link to Comment
  • S&P 500: Is The Correction Over? [View article]
    Tony ...

    I agree 110%!
    Jun 12, 2013. 10:49 AM | Likes Like |Link to Comment
  • Why Amazon's Expansion Knows No Bounds [View article]

    RIGHT ON!!!!!!!!!
    Jun 10, 2013. 01:15 AM | Likes Like |Link to Comment
  • June Update To Bearish Outlook [View article]
    Brennan ...

    In addition to my other comment, below is a tweet from PIMCO's Bill Gross ...

    The Tweet of the Year is from Pimco's Bill Gross: "Dollar down, dollar up. Yen up, yen down. This is a casino folks. Stay home."
    Jun 9, 2013. 11:17 PM | Likes Like |Link to Comment
  • June Update To Bearish Outlook [View article]

    Sorry my friend ... I respectfully disagree. You are living in fantasy land is you believe the American markets are not corrupt. It just happened again this morning with gold and S&P E-minis again.
    Jun 7, 2013. 12:32 PM | Likes Like |Link to Comment
  • June Update To Bearish Outlook [View article]
    Brennan ...

    I saw article on zerohedge that explained ramp toward end of day on 06/06/2013. Per your one chart show economic output, a ramp into the close makes no sense unless system completely manipulated and corrupt to the core.

    Reason for the ramp: quote stuffing in the S&P options market. We clearly have crossed into dark side of the twilight zone.

    It truly grieves my heart that prosperity has come to be based on quote stuffing of the options market.

    We are in real trouble.
    Jun 6, 2013. 09:52 PM | Likes Like |Link to Comment
  • Chop And Unease On QE Reveal Fragility Of Bull Run [View article]
    Emmet K.

    I agree 110% ... what gets me is how the market moved all over the place based on comments from a few people.

    In addition, ANF (Teen retailer) reported a loss this morning ... stock around $50 per share with an infinite P/E ... this market is very, very sick and is setting everyone up for disappointment that will make the great depression look like a day on the beach!
    May 24, 2013. 04:43 PM | 2 Likes Like |Link to Comment
  • What Does It Really Costs To Mine Gold: The Yamana Gold First Quarter Edition [View article]
    Nice job with detailed data.

    One comment regarding your opinion stated below:

    "Also, when analyzing AUY's report, they do NOT include copper production into their calculation of gold-equivalent ounces, so their gold-equivalents will be significantly lower than the gold-equivalents specified in our calculations. They do not acknowledge it as gold equivalent but they do subtract it when calculating their per ounce production costs - it is just a different way to arrive at the same goal."

    The reason AUY does not include copper is because their view is that copper is a hedge to currencies. In addition, copper is found when gold is found and therefore copper is simply a "by-product" of gold exploration efforts. AUY is in the PM business, not the industrial metal business. To equate the two clouds the picture. Also, AUY is on a seasonal schedule. Your comment "But on a sequential basis, AUY suffered a significant drop in both gold and copper production." is misplaced because AUY has natural fluctuations due to "rainy season". If you look at data for last four (4) years, you will see that first quarter is always lower than previous fourth quarter. The proper way to look at AUY is year over year or previous same quarter over quarter comparisons.

    The seasonality factor is true for many of the miners you have analyzed as well.

    May 23, 2013. 06:00 PM | 1 Like Like |Link to Comment