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  • Silver Wheaton Still Looks Like A Quality Option [View article]
    Appreciate the write up, but I have always thought the yeild on SLW left a lot to be desired. I put my money in $CLCT as an indirect play on the numismatic trade, with a yeild of 6% or better.
    Sep 4, 2014. 10:15 AM | Likes Like |Link to Comment
  • GLD: Market Bottom May Now Be Delayed [View article]
    Kudo's Avi, in beinging intellectualy honest with the fan base here by admitting this market is essentially directionless from a traders perspective. I'll take the long term view and add to my stack at these levels, as suggested. One of the best quotes I ever heard on CNBC was from an old market sage - "I do my best when the market is at it's worst, it just doesn't seem like it at the time".
    Aug 31, 2014. 10:06 AM | 9 Likes Like |Link to Comment
  • Today's Shock And Awe Attack On Gold And SIlver [View instapost]
    I'm somewhat surprised you are characterizing the contacts you've had today as being "in a panic". This type of activity is to be expected in August and I'm heading out the door to my local dealer to take advantage of it. I've had too many August markets I didn't take advantage of, only to see the worm turn come September.

    Appreciate the market udpate, Dave.
    Aug 15, 2014. 01:18 PM | 2 Likes Like |Link to Comment
  • Gold- Good Protection In A Crisis, But A Castle In The Sky [View article]
    As others noted, I only see one significant collapse in the proferred chart. Yes, we are all aware of where we stand now. The significant aspect in the chart is the rise since 2001. Something I don't fully understand, but it's trying to tell me something nonetheless. Fact of the matter is, most investments are not good investments for the average schmuck. Real estate, stocks, bonds, beanie babies, etc. We as a species chase the latest fad and up losing on it. I wouldn't advise anyone to speculate in silver like I do, but I think I realize the risks, have a relatively long term time horizon and know the market in which I participate.

    I like the tone of the article overall, will look for more perspective from the Author.
    Aug 11, 2014. 10:52 AM | 1 Like Like |Link to Comment
  • Retirement Strategy: Grow Your Income Without Spending More Money [View article]
    I noticed that to, Abby. I've been in and out of BGCP for a few years, currently in, and it has been a "Honey, where's the Tums" holding at times. Take a look at a 5 year chart.

    Unusual activity yesterday, up 5.75%. I'm considering booking my gains.
    Jul 19, 2014. 01:50 PM | Likes Like |Link to Comment
  • My Short- And Long-Term Projections For Silver [View article]
    I reached 31.93 to be exact, and then the bottom fell out. I was fortunate to have got in when it was in the low teens and did well with it.

    It's also not being used to a large extent in one of the primary consumers of recent history, as David pointed out - photography. Things change. For instance, it is my understanding that no government uses silver as a monetary metal, not a single one. So 16:1 or 20:1 ratios are historic relics, like vacuum tubes and transistor radios.

    I am a buyer at above 60:1, and the higher it goes the more of a buyer I become, but I prefer to keep things in perspective.
    Jul 6, 2014. 11:23 AM | Likes Like |Link to Comment
  • My Short- And Long-Term Projections For Silver [View article]
    Interesting that SA would publish this article with a 10 year GSR chart - from 5 years ago. Why not use a current chart that shows the current 1:62 and that silver is not particularly undervalued based on the last 30 or 40 year average.

    You appear to be a young man, Mr. Foley. With the steady march of inflation, you are likely to see triple digit silver in your lifetime . Personally, buying silver at these levels is preferable to letting cash sit in the bank at .2% interest, but I'm not expecting another run to the stratosphere anytime soon.
    Jul 6, 2014. 10:02 AM | Likes Like |Link to Comment
  • No, Gold Is Not A Hedge Against A Financial Crisis [View article]
    I had to get a large sum of cash to pay a bail bond once and my local branch had to order it from the main branch. The local branch has 3 drive up lanes and 4 teller windows. The average bank branch does not keep enough cash on hand to buy a single pick-up truck.
    Jul 5, 2014. 09:46 AM | 1 Like Like |Link to Comment
  • All Hail The Gold Bull [View article]
    Appreciate the quick update, Avi.

    I saw this one on Marketwatch and it reminded me of the pumping seen during the last big run up.

    Choosing to sit on my wallet for now as Summer has only begun.
    Jun 29, 2014. 12:08 PM | Likes Like |Link to Comment
  • Washington State's Minimum Wage Experience [View article]
    Thank you, David, for an excellent post. As someone that works in industrial automation, I see and benefit directly from value added production. It is somewhat scary that it appears more and more Americans view such activity as what people do in other parts of the world. Make something and sell it to someone else at a profit, what a concept.
    Jun 5, 2014. 01:00 PM | Likes Like |Link to Comment
  • Gold And Silver Ready For Takeoff? [View article]
    I'm on the bandwagon with the long term silver stackers in this phase. We've been here before folks, several times as others have pointed out. With silver under $19 and a GSR of 67 the risk/reward equation is in my favor IMO.

    Make a fortune? I doubt it, but doubling my money in ten years at these summer clearance sale prices is a reasonable expectation, again IMO. That's only $37 an ounce silver - ten years from now.

    I can also second IT's experience, my local dealer was taking in a couple of hand truck loads of Sunshine silver rounds yesterday and commented that they are flying out the door as fast as they can get them in - "it's crazy busy".
    Jun 5, 2014. 12:46 AM | Likes Like |Link to Comment
  • Washington State's Minimum Wage Experience [View article]
    A minimal article on the topic, IMO, that gives those so inclined to chime in with their pro/con biases. Oh well.

    As a life long Washingtonian outside of the Puget Sound region, I shrug this off as more of the same from ultra-liberal Seattle.

    What I would think would be more enlightening is a statisticly valid comparison between Lewiston, ID and Clarkston, WA; the twin cities at the Snake and Clearwater rivers. Geographicaly isolated, yet subject to the liberal policies of Washington State on one side and the conservative of Idaho on the other.

    Idaho, subject to the standard federal minimum wage, WA, the highest inflation indexed minimum wage in the country. It is interesting to note that Walmart recently relocated to the WA side with higher wages and overall tax burden, but no sales tax on food. For all of those that automatically assume businesses will always choose the lower cost option - it isn't always the case. Also be aware that in WA state, those 18 years of age and under cannot legally work more than 19.5 hours per week, that skews the teen labor participation rate as many employers opt not to hire anyone under 18 years old.

    It would be an interesting study, but many of us wouldn't bother to actually read it, as a three paragraph article that allows us to sound off based on our own biased point of view is so much more fun.
    Jun 4, 2014. 09:44 AM | 1 Like Like |Link to Comment
  • Do We Need A Catalyst For The Next Big Drop In Gold? [View article]
    I agree, Avi, the news doesn't move the markets, those that game the markets on the news move them. For real-time traders such as yourself, and those that participate with you, what do you make of the pre-market dips that have been so prevalent the last several weeks? The metals take a hit in the wee hours, then recover quickly with regularity.

    I'm with Doug E., the market makers are likely to drop one last big hammer soon as we enter the summer doldrums (as long as the geopolitical genie stays in her bottle) and for most of us the deepest point won't even be actionable as it will come and go in a few minutes in the middle of the night. Just my 2 cents.
    May 18, 2014. 09:52 AM | 7 Likes Like |Link to Comment
  • GLD: Not The Ukraine Again [View article]
    "They" tried to drive it down on the jobs report this morning but it didn't stick. Not the first time a move lower didn't hold lately. Makes me wonder if the expected mega weakness isn't going to materialize, such as Avi's $14 worst case scenario.

    As for the improving economy, some are on the ship and it's smooth sailing, for so many others, the ship has sailed without them and they have been left to forage.
    May 2, 2014. 11:13 AM | 2 Likes Like |Link to Comment
  • GLD: Not The Ukraine Again [View article]
    Quantum, my expectation would be that a slide lower in gold is in progress with today's weakness which is in anticipation of tomorrow's "jobs Friday" - a traditional event to initiate sell orders no matter what the numbers may be. No guarantees of course, and it appears most would agree, the summer clearance sale should be starting very soon.
    May 1, 2014. 11:15 AM | 1 Like Like |Link to Comment