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  • BMO and RBC most exposed to positive U.S. banking trends [View news story]
    you'll never go wrong buying tightly regulated canadian bank stocks....when skittish fund managers dump canadian bank stocks as they did during the 2012 EU debt crisis and the US debt ceiling crisis, BUY BUY BUY.....
    Jul 25 01:23 PM | 6 Likes Like |Link to Comment
  • Royal Bank Of Canada's Q2 Results Were Outstanding, Dividend Hike Coming Next Quarter [View article]
    OK we're living in investment "good times" right now. Gold down and bonds down, banks up, US FED PRINTING BILLIONS OF FIAT DOLLARS MONTHLY. But let's not lose sight of the historical and global perspective: RY sank to just $27 amidst the US-triggered 2007 financial crisis through no fault of their own (or Canada's for that matter), and it was down to $48 during the Euro PIIGS bond and US debt ceiling "crisis" in the fall of 2012. So yeah there is stock price volatility and hindsight is 20/20 but is it wise to buy now at all-time highs and questionable US "economic recovery"?
    Jul 23 05:48 PM | Likes Like |Link to Comment
  • Canadian banks seek to fill U.S. "vacuum" [View news story]
    IMHO those "seasoned" American bankers should only be hired to clean the toilets at Canadian banks....Canada does not need any of their banking management philosophies and culture where they collecteg millions in bonuses while bringing the United States Capitalism driven economy to it's knees and collectively causing US citizens an estimated 16 trillion in life-savings losses.
    Jul 23 05:27 PM | 2 Likes Like |Link to Comment
  • Warren Buffett's Father Was A Raging Gold Bug [View article]
    Warren might buy a farm but I'd like to see him break sweat and lose a few drops of blood actually farming it, if he even knows how.
    Jul 23 05:13 PM | Likes Like |Link to Comment
  • Gold (GLD +0.9%) continues its comeback tour, with a big move in the last 30 minutes pushing the metal into the green for the session and up to $1,344/ounce.  Technician Mark Newton calls this bounce the beginning of a longer-term bottoming process, and sees the metal back at $1,500 before October. The miners (GDX +2.5%) also continue a big move, inducing the blow-up of another triple-leveraged ETF, the DUST (DUST -7.2%), now off about 60% in less than a month. [View news story]
    Looks like "somebody" is selling their US equities market gains and plowing the profits into gold bullion. "Somebody" knows something....
    Jul 23 05:03 PM | 1 Like Like |Link to Comment
  • Asanko Gold: Highly Undervalued With Limited Downside [View article]
    I have visited their Esaase site twice personally in 2008 and "kicked the orange dirt" and have held chunks of their surface quartz veins with visible flecks of visible gold in my hand. Yes very cool! At the time the local villagers were doing placer mining by sifting through the mud and gravel showing how easy and abundant the gold is at that site. Gold prices are currently depressed below production costs because of the massive amount of that "paper gold" in existence being dumped by investors in favor of US QE fiat money. But eventually market equilibrium between mine supply and global physical demand will reach equilibrium again, even if a few mines have to shut down production for a while. And if anyone thinks the western governments of US/EU/JP/etc. have solved their monetary, fiscal, and demographic liability problems, not to mention that arguably corrupt USA banking system that got bailed out and are back at their shenanigans, think again....
    Jul 2 04:12 PM | 1 Like Like |Link to Comment
  • Gold And Silver Outlook: Will Precious Metals Recover? [View article]
    Fiat currencies, fractional reserve banking, endless easing programs, fiscal deficits.....what are these analysts smoking anyways? Whatever it is, it must be good because they sure aren't facing the reality that Western Economics is unsustainable in current policies. The only store of wealth that has proven it's worth over the millenia around the around has been gold. If the only solution to fiscal problems is monetary policy problems, that's just "throwing gasoline on to the fire to try to put it out." It's just nuts.
    Jun 7 02:46 AM | Likes Like |Link to Comment
  • The bounce in precious metals continues, gold (GLD) +1.6% and silver (SLV) +2.1% as buyers of the physical apparently used the rout to load up and - if anything - global central banks are leaning towards even easier monetary policy. A survey shows low bond yields are no longer doing it for central bankers and they're now looking at loading their balance sheets with equities. [View news story]
    Here in Vancouver, Canada, gold and silver one ounce physical bullion product has been completely sold out for the past week. Somewhere between retail demand and large account buyers, there isn't enough gold and silver to go around.
    As it was in the 80s and 90s, the physical bullion is being sold at marginally above the cost of production right now.
    Apr 25 09:42 AM | 2 Likes Like |Link to Comment
  • Goldman closes its gold short, the metal's move back above $1,400 triggering a stop. Still bearish though: "Our bias is to expect further declines in gold prices on the combination of continued ETF outflows ... as well as our economists' forecasts for a re-acceleration in U.S. growth later this year." GLD -0.3% premarket. [View news story]
    It is pretty clear from recent gold price fluctuations that the price has hit support due to supply side destruction at the cost of production of an ounce of refined gold at around US$1400

    If the price were to drop lower, the refiners would terminate supply so we now have market price/quaitity equilibrium.

    This is similar to the situation back in the 90's when central banks like the Bank of England were selling off their physical holdings and the price hit bottom around US$250 per ounce, except now they market movers are dumping digital gold.

    "News" of US economy "re-acceleartion" without significant job creation and in the face of endless Quantitiative Easing is just dishonest disingenius reporting.

    As the cost of gold production rises, it can be seen how gold bullion holdings are a hedge against inflation.
    Apr 23 09:12 AM | 5 Likes Like |Link to Comment
  • As analysts debate where gold prices are headed, what's the metal worth as an investment? A Credit Suisse study says 1% a year since 1900 - a bit higher than Treasury bills, lower than Treasury bonds; stocks have averaged 5.4% during the period. To make matters worse, gold’s volatility is 2.5x that of bills, two percentage points higher than bonds and about two-thirds of stocks. [View news story]
    The nominal cost to mine and refine an ounce of gold, in some cases involving mining, crushing, cyanide leaching and refining up to 30 TONS of ore to produce a shiny yellow 9999 gold ounce, costs about 700 fiat US dollars. This sets a reasonably lower limit, below which the producers would shut down thereby curtailing supply creating an equilibrium as it was bak in the 90s when central banks were dumping their gold stocks. Today the sophisticated western capitalist systems, in their mad quest screw each other out of their goods and services, have resorted to using a fiat currency and fractional reserve banking system which, coupled with paper derivatives, seriously puts invidual's fiat currency demoniated life savings at serious risk. In the current circumstance, it is obvious that lots of private citizens around the globe, from Chinese to Indians to "westerners", still instinctively believe in the intrinsic tradeability of gold for goods and services essential to living, and are willing to line up to trade 1400 US fiat dollars for it while the Western Capitalist jerks ditch their certificate gold thereby depressing the dollar value. So who's smarter ?????
    Apr 18 06:59 PM | 6 Likes Like |Link to Comment
  • Don't sell into the current weakness, Wells Fargo tells gold investors; instead, use any eventual price rebound to reduce exposure to gold, silver and precious metals to no more than 2% of portfolio value. And some traders see a rebound coming. Market data has front-month at-the-money calls priced ~$5.45/contract on the SPDR Gold Trust (GLD -8.5%) vs. at-the-money puts going for ~$4.95. [View news story]
    Or one could use this buying opportunity to INCREASE one's precious metals portfolio! Or are we gonna wait until the next big economic or monetary crisis to hit out of nowhere? When the $hit hits the fan everybody runs for gold. Or does anybody really believe it can't happen again?
    Apr 15 03:37 PM | 2 Likes Like |Link to Comment
  • Maybe it’s no coincidence gold’s massive selloff is taking place on the same day U.S. tax returns are due, Marketfield's Michael Shaoul surmises, pointing to the need to raise cash to pay substantial capital gains due at tax filing. If sellers waited until the last day, it might have sparked selling pressure to plunge through key support at $1520; at that point, "a substantial wave of panicky selling was always likely to take place." [View news story]
    It's not often you get a SECOND CHANCE to stock up on gold bullion at a discount....don't wait for the NEXTS GLOBAL FINANCIAL CRISIS that will unpredictably come out of "nowhere" to hedge your gold portfolio! If not for yourself then for your kid's future financial security, if you care about them that is....
    Apr 15 03:00 PM | Likes Like |Link to Comment
  • Precious metals continue to sell off sharply, gold (GLD) -4% to $1,440/oz., the lowest level in about 2 years. Off 6.7% to $24.58, silver's (SLV) back to fall 2010 levels. [View news story]
    It's your second chance to buy the physical bullion on the cheap... American Capitalist market manipulators on Wall Street are just dumping paper gold GLD to depress the price. Let it fall. Let it fall. Let it fall. Smart citizens will take the opportunity to stock up on physical bullion. The governments of the Western World are just printing money to prop up their stock markets and banking systems in place of real economic growth through industrial manufacturing jobs and productivity. Basically those White Westerners are trying to keep their corrupt Capitalist party's going while the Chinese and Indians are stocking up on gold and silver bars. Gold has been money for 5000 years and will continue to be money 5000 years from now when the US dollar, Euro and Pound are nothing more than historical curiosities.
    Apr 14 11:15 PM | 5 Likes Like |Link to Comment
  • The Nikkei (NKY) surges and the yen (FXY) plummets after the Bank of Japan starts firing the heavy artillery in its battle against deflation. Under new Governor Haruhiko Kuroda, the BOJ is changing its target when setting policy from the overnight call rate to the monetary base, which the bank aims to double within two years by purchasing ¥60-70T of assets a year, including government bonds of all maturities and not just short-term debt. The plan is open-ended and was unanimously approved. The Nikkei is +1.3% after being lower earlier, while the dollar is +1.5% vs the yen. (PR[View news story]
    This is just nuts. Central banks of "western" countries are printing bales of money and literally throwing it off the rooftop of the building to eager cheering stock market crowds below. It does not take a genius to figure out that this is devaluation and ultimately inflation. The economic theory behind these actions are clearly WRONG. The central banks are clearly manipulating currency to keep the 1% crowd "in the money" at the ultimate expense of the 99% of the rest of the citizens who will deal with the real effects of inflation.
    Apr 4 10:34 AM | 2 Likes Like |Link to Comment
  • Most troubling for gold, says Barclay's Suki Cooper, is the flow of funds out of gold ETFs (GLD) as this money "has tended to reflect longer-term 'stickier' investor interest." If the buy-and-hold money leaves, gold's fate could be left with the fast-money crowd. It's an interesting argument, but we'll call it "unproved" at this point. [View news story]
    Good. Let the speculators get out from the gold market manipulation. That will make it cheaper for us smart citizens around the globe like the Chinese and Indians to buy the physical bullion instead of that pathetic westerner's virtual toilet paper they call GLD. You can bet your last gram of the shiny yellow metal that the western world's monetary system shenanigans are gonna bite them in the arse's just a matter of time. Either that or they print so much currency that it becomes worthless (come to think of it they are already doing that....)
    Mar 11 03:32 PM | 2 Likes Like |Link to Comment