Seeking Alpha


Send Message
View as an RSS Feed
View Agbug's Comments BY TICKER:
Latest  |  Highest rated
  • 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
  • Breaking News: Who Really Controls Silver And Gold? [View article]
    Thanks for the link. Interesting article. I can only take ZH in small doses and that article is a good example of why. A matter of too much information on how crazy the world can be..

    Examinations of financial engineering make me want to go back to bed and hide under the covers. Have a nice day!
    Apr 5, 2014. 12:25 PM | Likes Like |Link to Comment
  • Silver Should Rally, But Can Then Drop As Low As $14 [View article]
    I'm with you on that one, Mike. While flipping channels this weekend Dumb & Dumber circa. 1994 was playing. The price of diesel posted at the truck stop - $1.09. Mr. Robert's reply offers the prospect of single digit silver. How many of us remember the old McDonalds jingle about buying dinner and getting change back from $1? Speculating in metals is a series of waves, Elliot Wave Theory predicted or not, and speculation needs to be done with eyes wide open to what one is doing. What we can all be pretty sure of is the march of inflation, just like death and taxes in that most seductive of Ponzi schemes - that of a comfortable government sponsored retirement without risk.
    Mar 30, 2014. 10:26 PM | 1 Like Like |Link to Comment
  • It Could Be A Nasty Spring For Precious Metals [View article]
    Appreciate the global score card perspective, Tim, and agree the Spring forecast for metals doesn't look positive based on the current trend and rundown of the "usual suspects" in Fed rates, market jawboning from the likes of GS, etc. I think many of us can see the writing on the wall in that the usual Spring action of selling risk assets in April/May will most likely further depress PM prices. I find this pattern works out great in that I can get my taxes paid and ROTH funded early in the year, then add to my stash during the summer doldrums.
    Mar 30, 2014. 10:19 AM | 1 Like Like |Link to Comment
  • The 'Crowd' Is Bullish Gold And Silver: Should You Be? [View article]
    If I may add my 2 cents on the GSR, I view 65 as a little towards my long term advantage and bought some silver today. Recent historical ratio is about 60 and I increase my purchases as it goes above that level - but it is just a bench mark. The GSR will shift as the PM market heats and cools, but I figure I won't get burned too bad as it rises on falling metals prices and I should definitely book some gains if and when it crosses 50 again. As Mr. Krugman points out, that may be years out.
    Mar 21, 2014. 04:34 PM | 1 Like Like |Link to Comment
  • Late spike in online sales leaves retailers, UPS floundering [View news story]
    Nope! Others responded with FEDEX knocks as well, so I guess none are perfect, but I stand by my UPS avoidance.
    Mar 21, 2014. 09:22 AM | 1 Like Like |Link to Comment
  • The 'Crowd' Is Bullish Gold And Silver: Should You Be? [View article]
    You don't like gold, Grumpy, we get that. It is doubtful in the extreme, however, that your going to change anyone's opinion here. No matter the sound reasoning you share with everyone. Much like my efforts to discourage my wife's desire for diamonds - yup, another shinny thing.

    As I retorted to the young man I referred to above, "you are correct, gold will have little value when we can all trust our fellow man and governance without question. I just don't see that happening - ever". And in another respect you are definitely wrong; I have given much thought to the precious metals market and use Avi's free guidance as a part of my efforts to buy low and sell high.

    What is silly here is the whole dog crap comparison. You are free to come get as much of my dog's every Saturday morning before I mow the lawn.
    Mar 18, 2014. 11:48 AM | 2 Likes Like |Link to Comment
  • Gold pricing probe may be widening [View news story]
    This won't go anywhere, IMO. LIBOR is one thing, but gaming the system on precious metals is quite another. "Those right wing nut speculators get what they deserve". Who are they to dare to question the full faith and credit of the United States government anyway?
    Mar 17, 2014. 12:36 PM | 3 Likes Like |Link to Comment
  • The 'Crowd' Is Bullish Gold And Silver: Should You Be? [View article]
    I'm with you, Uncle Pie. I was talking with a young colleague that mockingly says "why gold and silver - just because it's shiney?". I've enlightened him with the fact that gasoline was $.59 when I started driving and I have a ways to go to official retirement age. He's young/old enough to remember $2 range gas as "the good ol' days".
    Mar 17, 2014. 09:32 AM | 9 Likes Like |Link to Comment
  • The 'Crowd' Is Bullish Gold And Silver: Should You Be? [View article]
    I'm with Avi on this one, pick your safe haven - a warm bed and a good book, a sandy beach and a cool drink, etc.. Basically as far away from Wall Street influence as one can get.

    My silver speculation is long term, a decade or more (hopefully) and the metals just don't seem to have the pizzazz they could have with the news of late. I think I'll hold my crummy FRNs for sub $20 again.
    Mar 17, 2014. 09:21 AM | 2 Likes Like |Link to Comment