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Rummeljordan

Rummeljordan
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  • Outflows continue from the SPDR Gold Shares ETF (GLD), with investors yanking about $250M out during the week ended June 3. The fund has $45B AUM now compared to $72B at the year's start. In China, regulators have approved the launch of its first gold bullion ETFs. Physical gold demand in Asia is booming this year even as investor demand evaporates. The yellow metal's off 1.1% to $1,371/ounce. [View news story]
    You're right. The people who piled into gold the last couple years were really rewarded. I am sorry if you are still holding on to it for an inflation hedge, it sure looks like troubled times going forward for the yellow stuff.

    Im in it for the long run, pal, none of this get rich quick crap.

    You hold your gold, check back with me in a few years. Ill be compounding interest along the way, and so should you!

    Only trying to help. We are all navigating the markets together.
    Jun 11 08:07 PM | 1 Like Like |Link to Comment
  • Outflows continue from the SPDR Gold Shares ETF (GLD), with investors yanking about $250M out during the week ended June 3. The fund has $45B AUM now compared to $72B at the year's start. In China, regulators have approved the launch of its first gold bullion ETFs. Physical gold demand in Asia is booming this year even as investor demand evaporates. The yellow metal's off 1.1% to $1,371/ounce. [View news story]
    Yeah, supper bullish. Down 10% or so YTD.
    Jun 11 03:51 PM | 3 Likes Like |Link to Comment
  • May ISM Manufacturing Index: 49.0 vs. 51.0 consensus and 50.7 prior. [View news story]
    ISM goes negative and we are up 100 points today?

    Do I smell disconnect?
    Jun 3 03:57 PM | 1 Like Like |Link to Comment
  • Stocks are at session highs following the Consumer Confidence beat, the DJIA (DIA +1.4%) up 214 points. In addition to the bounce to 76.2 for the composite, the Present Situation Index rose to 66.7 from 61 and Expectations jumped to 82.4 from 74.3. The labor market outlook is more upbeat, with those expecting more jobs in coming months rising to 16.8% from 14.3%. Treasurys (TLT -1.2%) sell off, the 10-year yield touching a 2013 high of 2.08%. [View news story]
    Maybe the market does have control!?

    Uncle Ben should shut that up pretty quickly unless he wants the debt servicing level to creep up.

    Your move, Ben.
    May 28 08:22 PM | Likes Like |Link to Comment
  • If long-term Treasury yields keep rising, dividend-seeking investors in utilities (XLU -1.4%) will wonder how the lights went out for the sector, 24/7's Jon Ogg writes. The risk isn't only that investors may go elsewhere for yield; utilities have high operating costs and they borrow heavily to pay for infrastructure investments. Today's analyst downgrades only magnify what investors have to fear. [View news story]
    One day and people are freaking out! Common, who knows if this is the begging, utilities have had a good run.
    May 28 08:20 PM | 2 Likes Like |Link to Comment
  • This just in. Precious metals (GLD +2.2%), (SLV +2.6%) are sharply higher on the session after a panicky Sunday evening plunge brought both to multi-year lows. Other than dollar weakness (UUP -0.5%) across the board, there's no news in particular - perhaps some satiated bears decided to cover and a trend took hold. [View news story]
    Did people really think gold was going to 2k?
    May 21 06:26 AM | Likes Like |Link to Comment
  • There is no precedent for the current market, writes The Fat Pitch. Consider: 1) The S&P (SPY) has been up 56 of 88 trading sessions this year 2) It's up an uncorrected 24% since the post-election low - the longest streak in over 3 decades 3) The Nasdaq (QQQ) is on pace for a 7th straight up month, an occurrence with a 3-in-100 probability. Long term it's bullish, writes Ukarlewitz, as this sort of strength is rarely the end of a trend. Short term? Stay nimble. [View news story]
    investingInvesto

    I am guessing you missed the rally and were caught sitting in PM's.....
    May 20 06:30 AM | Likes Like |Link to Comment
  • Market recap: Stocks finished near session highs, and the S&P tallied a fifth straight record close, as profit outlooks from companies including Electronic Arts helped boost sentiment. Industrial metals moved higher after China's better-than-expected trade surplus, which saw strong improvement in imports and exports. Treasurys rose despite a tepid auction; gold climbed 1.7%[View news story]
    Of course, how else do you expect it to happen!
    May 8 04:35 PM | 1 Like Like |Link to Comment
  • Bank Loan, Floating Rate ETFs For Rising Interest Rates [View article]
    Thanks for the write up. I've been looking into BKLN for quite some time now.
    May 6 02:51 PM | Likes Like |Link to Comment
  • Gold Vs. Coca-Cola [View article]
    Rnsmith. Too much risk floating through metal mining companies now. I think you made a good choice, friend.
    May 2 04:38 PM | Likes Like |Link to Comment
  • Gold Vs. Coca-Cola [View article]
    Rnsmth,

    I apologize, I misspoke. Gold has beat the CPI about 54% of the time since 71'. The data I was referencing did not state the correlation coefficient.
    May 2 06:06 AM | Likes Like |Link to Comment
  • Gold Vs. Coca-Cola [View article]
    Gold's correlation to the CPI is 54% since 71'.

    So yes, there is a SLIGHT positive correlation. S & P has done much better though.
    May 1 09:51 PM | Likes Like |Link to Comment
  • Gold Vs. Coca-Cola [View article]
    Wow, eight years? Nothing like cherry picking some dates!
    Apr 28 09:42 AM | 6 Likes Like |Link to Comment
  • May Reuters/UofM Consumer Sentiment: 83.7 vs. 78.0 expected and 76.4 prior. [View news story]
    No, its too emotional. Not how you should be trading/making decisions.
    Apr 26 02:27 PM | Likes Like |Link to Comment
  • Starbucks (SBUX): FQ2 EPS of $0.48 in-line. Revenue of $3.56B (+12% Y/Y) misses by $2M. Shares -1.1% AH. (PR[View news story]
    I wouldn't really call 32x earnings a "sale"
    Apr 26 07:12 AM | 1 Like Like |Link to Comment
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