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  • GLD: 'I Am As Mad As Hell, And I Am Not Going To Take This Anymore' [View article]
    Check out this comment from someone that attended.
    I found it interesting.

    I thought the logo they used looked like someone falling off of the cliff.
    Oct 26, 2014. 03:34 PM | Likes Like |Link to Comment
  • New Mountain Finance Share Offering Illustrates Multiple Risks Inherent In BDC Stocks [View article]
    I am relatively new to the BDC space and am coming to the conclusion that many of these tickers are publicly traded ponzi schemes. I am working to reduce my exposure. Appreciate this perspective on how they really work.
    Oct 26, 2014. 09:27 AM | 2 Likes Like |Link to Comment
  • GLD: 'I Am As Mad As Hell, And I Am Not Going To Take This Anymore' [View article]
    I too am adding silver in earnest at these levels. I have to say that $13 makes me cringe a bit however.

    Avi, I was wrong about my local dealer being out of inventory. At sub $17 two weeks ago they were just sitting on inventory and turning people away.

    For your sentiment indicator, I heard the "Silver Summit" held this past week had the mood of a wake.

    Lastly, thank you for calling out the "used car salesmen" of the metals space today. They remind me of the quote from a salesman selling wares for the 2012 apocalypse (or whatever) who was asked what he was going to do if the world didn't end this time. His reply - "I think there is a comet in 2019".
    Oct 26, 2014. 09:16 AM | Likes Like |Link to Comment
  • The Better Short: Gold Or Silver? [View article]
    It's hard for me to argue the thesis presented here, so I wish the Author and those sharing his outlook, and there appear to be many, the best of luck in their trade. I want silver to go down, down, down. For those that accumulate it to be mocked and derided. For those that bought into it during the parabolo to throw in the towel and dump it. Yes, please disperse the crowd in this market so that I can buy much more while the downside risk has been rung out of it as a financial asset.
    Oct 24, 2014. 11:26 AM | 1 Like Like |Link to Comment
  • Apartment building leads gain in housing starts [View news story]
    -Increasing growth of single parent "families" and accelerating systemic rot of American culture? Check.
    Oct 18, 2014. 08:28 AM | Likes Like |Link to Comment
  • Gold's Warning [View article]
    I'm surprised that a comment of this nature didn't elicit a response from any 'bugs' that may have been offended by it. So here I go;

    I don't have contempt for fiat, i love a wallet full of it. However, I am aware that the stated goal of my government and the FED is to reduce it's purchasing power over time. That is a fact. An allocation to PMs, be it gold or silver, or copper ingots for that matter, is merely a diversification into a hard asset as a store of value. I fully expect the value of that asset to rise and fall over time, but ultimately rise due to the fact stated above. I don't consider it an investment by most peoples definition of the word. It doesn't increase in value based on an investment in the fruits of other peoples labor - what I consider an "investment" to be.

    If I were prepping for the zombie apocalypse, I think I would lean towards weaponry, proteins, land and hard liquor. I don't stockpile any of those assets in quantity.

    If by civilization coming to an end as we know it, meaning the USD loses it's status as the world's reserve currency, I would agree, that is the world as we know it. OTH, I'm sure most never thought Rome would fail, the sun would ever set on the British Empire, China would ever rise to challenge the US as the worlds largest economy, etc. etc..
    Oct 17, 2014. 12:23 PM | 2 Likes Like |Link to Comment
  • David Morgan's Secret To Being Grateful, Even At $17 Silver [View article]
    While it is true that many newcomers have lost interest (and lost a lot of money), a bullion dealer a few miles from Mr. Morgan's home base that I imagine he his familiar with was wiped of inventory a week ago. They were also taking in hand truck loads of Sunshine rounds that were already spoken for.

    There is still a very active physical market that is taking advantage of this environment. It should be clear to all that the steady march of inflation must be maintained and years from now silver in the teens will be a bargain. There's a time to reap and a time to sow, and be glad to have something to sow with.

    In the meantime, I couldn't agree more with Mr. Morgan's outlook that this is only money. I will be dumping as much as I can spare into this depressed market.
    Oct 11, 2014. 09:51 AM | 1 Like Like |Link to Comment
  • Is It Time For The Gold Bulls To Panic? It All Comes Down To The True State Of The U.S. Economy [View article]
    There seems to be two sides of this coin. Wall Street is most definitely punching mining stocks and PM based ETF holders in the face, but when at my local dealer there was no inventory. They had been completely wiped out, much to my disappointment. So while what you write is true on the paper side, it seems many physical buyers recognize the fire sale the strong dollar has created and are taking advantage of it. When I see this, I often wonder "how much silver and gold is hidden away in sock drawers, safes and coffee cans?". The 40M +/- in annual ASE sales says it is a boat load. Proof that not everyone believes that the solution to debt is even more debt.
    Oct 7, 2014. 08:56 AM | 3 Likes Like |Link to Comment
  • Gold Is Against The Ropes [View article]
    Thank you for the review reaffirming your targets, Avi.

    Regarding the GLD price, I find it interesting that even market participants such as yourself temporarily forget the nature of such products. Due to their fee structure their price would eventually go to zero without new participants.

    While reading todays post and your reference to the quote on Lemmings, the opening to the "Tale of Two Cities" comes to mind. When I visited my local coin and bullion dealer this past Friday I left empty handed as their inventory had been decimated. So while Wall Street is selling, most stackers are buying and saying "thank you", knowing that it will eventually beat the .1% we are getting from the bank.
    Oct 5, 2014. 09:57 AM | 2 Likes Like |Link to Comment
  • Look Out Below For Gold [View article]
    I found the same to be true at a local dealer Friday. Where the week before he had plenty of inventory, yesterday the shelves where wiped clean. A quick check of EBay this morning finds ridiculous premiums.
    Oct 4, 2014. 12:19 PM | 4 Likes Like |Link to Comment
  • The Dollar Has Not Crashed Like Gold Bulls Thought It Would [View article]
    As Ricky sang "You can't please everyone...."
    Sep 13, 2014. 01:05 PM | 1 Like Like |Link to Comment
  • The Dollar Has Not Crashed Like Gold Bulls Thought It Would [View article]
    Doug, appreciate your contributions to SA. Your input is always on my "must read" list due to your balanced perspective on the markets and metals.
    Sep 13, 2014. 10:24 AM | 2 Likes Like |Link to Comment
  • Why Silver Will Not Return As Money [View article]
    Thank you, Fisher. I often wish silver stored value with less drama and volatility, but you know what they say about wishing. OTH, equities have performed exceptionally well the last 5 years with their own fair share of drama and volatility. A dollar cost averaging approach with a long term time horizon is the best most of us can do, and be thankful we have the means to do it.
    Sep 7, 2014. 08:46 AM | Likes Like |Link to Comment
  • Why Silver Will Not Return As Money [View article]
    I have to say that President Johnson's comments where a fantastic bit of propaganda. Much like the more recent past, it's hard to sell a war to the public if they have to pay for it up front. Presto, off budget war funding via currency debasement and the coinage act of 1965.

    I don't speculate in the silver market with any expectation that it will once again become legal tender. I speculate in the silver market because of the stated goal of the Fed and our government to ensure the slow steady march of inflation. As I said to my Son when he got $117 for a roll of Roosevelt dimes I gave him a couple of years ago "That's a lesson in inflation for you, Son". Now that I can buy that roll of dimes back for $70, I'm a buyer.

    Do I want to put $450 in the bank for my grandchildren's future, or buy a tube of ASE's? My last statement tells me my bank is paying me .1% in interest. What do you think my decision is?
    Sep 6, 2014. 10:25 AM | 1 Like Like |Link to Comment
  • 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