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Papa Jupiter

Papa Jupiter
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  • What's Moving Gold Today [View article]
    Leopardtrader is correct. Gold meandered up a little in response to the Rissian news BUT right at 8:30 Am ET, exactly when the report was released, gold shot down (short sellers dumping their positions) and then shot straight up. And up. And up.
    Nov 10, 2014. 05:14 AM | Likes Like |Link to Comment
  • Physical Demand And Silver-To-Gold Ratio Signal Strong Rally In Silver Prices [View article]
    Uninspired article---nothing new stated here.
    Jul 6, 2013. 09:59 AM | 1 Like Like |Link to Comment
  • Nomura thinks gold prices have reached a near-term equilibrium, making it a good time to try for a bounce in gold mining stocks (GDX). As a result, its analysts upgrade Randgold (GOLD -6%) to Neutral from Reduce, African Barrick  to Buy from Reduce, and Polymetal to Buy from Neutral. But the firm doesn't expect the good times to last, as it sees sellers dominating again by Q4 and sending gold prices down. [View news story]
    For what reason is this supposed near term equilibrium?
    Jul 5, 2013. 12:32 PM | Likes Like |Link to Comment
  • Precious metals see a bout of major buying, with gold (GLD +1.5%) jumping about $25/ounce in the past few minutes, and silver (SLV +4.8%) soaring nearly a $1. Bearish for some time, Mark Dow reminds gold has been going down for 2 years, but the decline has only recently made the headlines. Gold's post-QE run was built on a number of misconceptions which have all cracked. The longs (silver too) are trapped and the bear market isn't close to over.
      [View news story]
    $25 rise in one hour---a good sign that the metals may be recovering OR this may be just a breather before lower lows. I give this moment a 50/50 view. Stay out of short and long positions for the short term.
    Jun 28, 2013. 11:09 AM | 2 Likes Like |Link to Comment
  • "It's hard to buy something down 80%," writes Mebane Faber, but it may not be a bad time to do just that. The average 3-year return since 1920 when buying a sector lower by 80% from a peak is 172%, according to his research - think tech in 2002, homebuilders in 2009, and junior gold miners (GDXJ) today (gold miners GDX or RING are off nearly that amount). The returns are similarly enticing for entire industries and countries - think Greece (GREK) today. [View news story]
    Why buy gold?--Because it's pretty? Other than that, its worth is what people perceive it to be. No intrinsic value outside of possessing it and adoring it. It had a store of value in primitive days (like India and to some degree China still today) but today there are much more lucrative assets to take adventures in. Why all the attachments and disappointment in gold? Let it go and IF it rises hold it again. Play it, don't be deluded by it...unless you are a blushing Indian bride who needs to cover herself with it for her wedding, at any illogical cost....
    Jun 27, 2013. 12:20 PM | 2 Likes Like |Link to Comment
  • How To Make 50% Or More On The Next Silver Run-Up With Little Downside Risk [View article]
    A very fine article indeed! Intelligent! I look forward to any further articles and thoughts you may share! THANK YOU!
    Jul 5, 2012. 12:45 PM | Likes Like |Link to Comment
  • Why The EU Debt Crisis Will Continue To Punish The Markets [View article]
    I think QE3 will likely be the Feds play as we get closer to elections. There are enough excuses for it. QE3 will prop up the economy, albeit temporarily, just long enough for Obama to look good enough to re-elect. Prince B and King O sleep in the same royal bed chambers and B owes O his job. Together, of course, they make BO. But in the meantime, before, during and after catastrophic European collaspe, a person can do well with their optimistic pessimism! :-) I have found predicting shorts far more easy than longs. Having lived in Greece for a number of years I can tell you that the summers are hot and humid, the people out in the streets, in the local cafes heated talk increases along with alcohol consumption. As is seen clearly these days , the local flavor is one of heated temperment. In other words, a explosive summer is just ahead for Greece. And with the self isolating, hotly reactive exit of Greece from all things European, we shall see the panic and contagion of fear spread with those summer breezes, drifting all across southern Europe by Fall's end. Watch for GLD and SLV to rise like the Phoenix from the ashes of Europe.
    May 19, 2012. 12:37 PM | 2 Likes Like |Link to Comment
  • Facebook (FB) hasn't begun trading in the U.S. yet, but in Germany, bids of €58.20 ($74) are being placed, according to Bloomberg. That nearly amounts to a doubling from the company's $38 IPO price, and would translate into a market cap north of $200B.  [View news story]
    Largest, most energized pump & dump in history!
    May 18, 2012. 10:43 AM | 1 Like Like |Link to Comment
  • "The best offense is a good defense," writes David Rosenberg, adding "dirt-cheap" gold mining stocks to his long-held bullish stance on high-quality bonds. In isolation, Greece - and a "probable" exit from the eurozone - may mean little, but a domino effect could trigger bank runs in Portugal, Spain, and maybe even Italy and France.  [View news story]
    Hey there TwistTie-- I do believe you are correct. When international knee jerk reaction stops leading the markets, we can return to what civilizations have held 'sacred' since very ancient days---gold. What was always precious will again be seen as precious. I think that day is fast upon us---a few months maximum or perhaps even weeks. As you intelligently suggest---watch for the turn in gold and the miners and start a buy in program until the peak. Enjoy the ride!! :-)
    May 8, 2012. 02:39 PM | Likes Like |Link to Comment
  • "The best offense is a good defense," writes David Rosenberg, adding "dirt-cheap" gold mining stocks to his long-held bullish stance on high-quality bonds. In isolation, Greece - and a "probable" exit from the eurozone - may mean little, but a domino effect could trigger bank runs in Portugal, Spain, and maybe even Italy and France.  [View news story]
    You wrote, " In isolation, Greece - and a "probable" exit from the eurozone - may mean little, but a domino effect could trigger bank runs in Portugal, Spain, and maybe even Italy and France." It always amazes me how little words mean to many "writers". First, Greece's exit would have enormous effects on the world economy. Second, although you wrote "may mean little", what the heck do you call bank runs in Portuagal, Spain and France? ---a run on little pink piggy banks?? Europe is heading into VERY turbulent seas. Just a couple centuries ago these countries were bitter enemies, with Germany usually heading up the society of bullies, right through two world wars. European countries going separatist now will quickly result in a economic 'war' (every country for themself!) that will cripple the world for years to come.

    Geez! Words and clear communication are beautiful things. Please do try to think before you write. Thanks.
    May 7, 2012. 03:38 PM | Likes Like |Link to Comment
  • Short Silver: Probably The Best Safe Trade Until July 2012 [View article]
    Long, short, could go either way. In any case keep sound sell stops in place!
    May 1, 2012. 01:35 PM | 1 Like Like |Link to Comment
  • Gold takes a quick tumble, dropping nearly 1% in minutes to $1.650/oz. (taking silver along for the ride, or vice versa). The fall comes as HSBC hits the tape, cutting its 2012 average gold forecast to $1,760 from $1,850 on a "sharp decline" in Indian demand and reduced expectations for QE.  [View news story]
    Stay diversified!
    Apr 30, 2012. 12:15 PM | Likes Like |Link to Comment
  • Prepare For A Sudden Jolt Of Inflation And Protect Yourself With Gold [View article]
    Excellent, intelligent article! Yes, it is obvious to anyone on the street wishing to perceive that inflation is rising steadily, as it must considering QE1 and QE2. Kicking the problem down the road. Europe is now pushing the world further into massive inflation. China and Asia will also follow. I expect inflationary levels to exceed an international average of 20% or higher by 2014. Holding physical gold/silver has always been the answer, just ask Nero's spirit! And the solution may be similiar--the world may "burn" both metaphorically and actually due to the incredible stress and suffering caused by runaway inflation.
    Apr 4, 2012. 01:05 PM | 2 Likes Like |Link to Comment