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  • Gold Bulls Win A Battle, But The War Rages On [View article]
    Where is that Mike guy that was posting so often about how wrong almost everyone but him was about the market and investing? With all of the wild market activity today I was expecting him to let us in on him becoming a millionaire.

    Back to my usual golden silence with that quip as that is about as funny as I get.... :-)
    Aug 25, 2015. 12:58 AM | 5 Likes Like |Link to Comment
  • Gold To Market: Are You Not Entertained? [View article]

    In your new site will you be able to "kick out" spammers such as those who spam this thread currently?

    I would be hesitant to pay for access to a new site that ends up with problems such as threads you author currently have....
    Aug 15, 2015. 07:50 PM | 2 Likes Like |Link to Comment
  • Has Gold Seriously Overreacted To The Expectation Of A U.S. Rate Hike? [View article]
    The use of "fiat" is not going to go away until it literally goes away into the cloud. In most developed countries, all people 20 and younger know is "electronic" money - debit cards, direct account payments, email bank statements and brokerage accounts, It is all in the cloud and their phones.

    There is no chance that the current US government debt burden will cause the total collapse of the dollar. In fact, in current dollar value the US government owns over 100 trillion in buildings, land, forests, water rights, mineral rights and even the spectrum over which all electronic devices operate. The value of these assets may be as high as 200 trillion.

    With this noted I still believe that PM's will continue to be highly valued as portable real assets. There will be a huge upside for PM's as real assets for as long as anyone capable of reading this is alive.
    Aug 14, 2015. 12:21 AM | Likes Like |Link to Comment
  • Gold To Market: Are You Not Entertained? [View article]

    I vote for the prize to be that when gold breaks 1077 maybe Mike will live up to his word to only make 10 posts a week.

    Mike, you could not even keep your word on 10 posts a week so unlikely you stop posting completely.

    Just sayin' I prefer faster uploads in the on topic comments....
    Aug 13, 2015. 12:12 AM | 3 Likes Like |Link to Comment
  • A Brief Respite Before Surging To New Highs? Maybe Not This Time. [View article]

    Your last article was too complex and too long for many to follow and comprehend, myself included. I tried and literally got all discombulbulated. (I made up that last word :-))

    I actually follow you and do read most of your articles and all of the comments EXCEPT for your last one for the reasons I note in the paragraph above
    Aug 7, 2015. 11:25 AM | Likes Like |Link to Comment
  • Gold Retraces 50% Of The 1999-2011 Bull Market [View article]

    I am disappointed to see that you have not kept your word. A measure of a good man is the strength, wisdom and ability to keep ones word.

    I do know a bit about keeping a very long term commitment as I and my wife have been together since we were 15 and that was 47 years ago.

    I try to see the good in everyone and I work toward being a better man every day I live. I implore you to take time to think about what I am writing and the value in living life well.

    Living my golden years with a slow connection and unafraid to use my REAL name......


    Michael S Hoover
    Aug 6, 2015. 10:23 PM | 5 Likes Like |Link to Comment
  • Gold Retraces 50% Of The 1999-2011 Bull Market [View article]
    Mike - I believe you promised to post no more than 10 posts a week during M - F. I believe this is post #10.

    Silence remains golden and I trust you to keep your word to those who really do enjoy the quiet and faster downloads of the comments that are on topic.

    I will return to my usual quiet.
    Aug 6, 2015. 12:24 AM | 7 Likes Like |Link to Comment
  • Gold Retraces 50% Of The 1999-2011 Bull Market [View article]
    CA - I have started to really think about your deflationary analysis.

    I think there may be steps being taken to bypass the deflationary cycle, specifically: Deflation or $15. National Minimum Wage?

    Falling consumer prices could herald worse times to come for many of the world stagnant economies because they can encourage people to hold off making purchases in the hopes of cheaper deals in the future. There is growing evidence that this is occurring with most commodity prices hitting decade long lows. The fact the Fed has apparently determined it not the time to start to raise interest rates in September is possibly another indication that deflation is indeed a growing concern.

    I believe that a $15.00 an hour National minimum wage is the correct answer for the deflation risk if implemented as a nationwide standard as it is inflationary in nature it would eliminate the possibility of deflation. This has become a National issue as the buildup to the Presidential elections next year. The fact that large and small cities across the Nation are already passing laws to this end is not going to go away and the movement seems to be accelerating.

    This opens the need to assess the possible investment impacts as Bloomberg noted in an article on June 19, 2015:

    “Raising the minimum wage to $15 an hour would inject about $450 billion into the economy each year. That would give more purchasing power to millions of poor and lower-middle-class Americans, and would stimulate buying, production and hiring.”

    There is no denying the fact that this is currently a moving political issue. In investing many “things” start out as a political issue and turn into significant financial issues. This is already taking a hold in large cities and will start to accelerate as a financial issue as politics takes main stage into 2016. I believe it is time to begin the discussions and portfolio holdings as the financial implications are significant for just about any invest currently held or being considered.

    CA - Do you see it being possible that at the highest levels in government are using the minimum wage structure to ensure deflation as you predict does not occur?
    Aug 4, 2015. 12:01 PM | 3 Likes Like |Link to Comment
  • Gold Retraces 50% Of The 1999-2011 Bull Market [View article]

    "Silence is Golden" - Keeping one's mouth shut is a great virtue, as in don't tell anyone else about it—silence is golden. Although this precise phrase was first recorded only in 1848, it is part of a much older proverb, “Speech is silver and silence is golden.” (The American Heritage® Idioms Dictionary.)

    I do sincerely hope you keep your word with only 5 more posts for the week. One point that others have not mentioned is worth my not being silent. This is the fact that the more comments on an article the longer it takes to load the comments especially on slower connections or phones. You create such a mess of posts that you truly are wasting the most valuable possession we have as humans on a universal scale and that is TIME.

    I am not prolific in my comments but you really should keep your word on this. It seems to me that not one of your posts today has any true value to this thread thus my doubts about you keeping your "word" to 10 posts a week......

    Now back to my regular usual program of - Silence is Golden.
    Jul 28, 2015. 12:20 AM | 8 Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    LT - Did you actually READ the whole article?

    Here is what the writer wrote in his summary:

    "Now, having said all this, I will accept that there are many traders using fibonacci levels, who enjoy exceptional degrees of success and profitability. If you’re getting positive results through the use of fibs, then ignore all my facetious comments and continue trading as you have been so far. The fact is… you did find a great setup area through using your fib, trendline and S/R confluence area.

    My belief though, regarding those who are consistently profitable with fibs, is that their edge is not through some predictive ability associated with these levels but rather in how they use the levels.

    If you use them simply as points of reference, with your main focus on assessing how price behaves at each level, in order to identify shifts in the supply/demand balance and develop a bias for future orderflow, then I expect they should work fine."

    Even in the article YOU chose to post the writer admits MANY TRADERS are successfully using the methods you define as of no value whatsoever.
    Jul 26, 2015. 12:10 PM | 3 Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    LT - I just gave you the first "like" I have ever given to you for this one: "With Greece on the back boner......"

    Dang that is really unintentionally funny! :-)
    Jul 26, 2015. 01:02 AM | 3 Likes Like |Link to Comment
  • Gold Makes New Bear Market Lows [View article]
    Yes, I am at 2.3% currently. I was over 3% earlier this year though.... :-)
    Jul 26, 2015. 12:51 AM | Likes Like |Link to Comment
  • April Call To Wait And Buy Gold Below $1,000 Still In Effect [View article]

    I believe that there is a very good chance that the $15.00 an hour minimum wage is going to become a National issue and likely become fact. I believe the basic reason behind this rising thought is to create an inflationary cycle as those in power know that the deflationary tipping point is also factual. I think that this is also believed by those in power to be a way to lower the dollars current rise against other currencies.

    When I refer to those in power I see no distinction between the democratic party and republican party as big money insures that the "right" candidates are the ones who actually make it onto the ballots. Money talks....

    What thoughts do you have in regard to this?
    Jul 22, 2015. 12:48 PM | Likes Like |Link to Comment
  • Inflation's Revenge [View article]

    Thank you for the kind comments. I did not want to write a short book or I would have found the need to address the hidden taxes that come with inflation. What people do not see is the tax code changes set up to increase taxation as inflated dollars raise the income of lower earning families into high rate tax brackets. The inflation drives up local property taxation and and increased taxation from sales taxes on higher cost goods.

    I do not know how old you are but if you are in your mid 60's or older you probably clearly remember how painful high inflation really is.

    Perhaps this could be a topic for a future article you write. I do not have the time to put into pulling and compiling the statistical support for the article. I spend most of my spare time up in my lapidary shop cutting stone for knife scales and jewelry to "invest" in our grandkids college funds and for a comfortable retirement.
    Jul 10, 2015. 01:35 AM | Likes Like |Link to Comment
  • Inflation's Revenge [View article]
    I believe there is a political agenda that must be recognized as possible - I believe it is indeed factual but everyone has an opinion! :-)

    I believe that the worlds largest economies the G-8 (Okay Russia is being punished for being a bad influence so the G-7) have made a decision that the only hope for recovery is to inflate out of the paper printing debt.

    I believe that the push for $15.00 an hour minimum wage here in the US is being supported behind the scenes as an example of what is coming world-wide in developed economies in particular.

    I saw this in the 1970's and 1980's and it is starting again. If there is hidden inflation in addition to "official" inflation of "only 5%" a year, in less than a decade the huge 17 trillion debt effectively is cut by more than half. The debt will be less than half as 5% inflation rate for over 10 years is compounded to way beyond 10 x 5 and that is the "official" recognized rate without the hidden inflation impacts.

    This will affect the older retired people the most but secondarily it will affect the young as they will be unable to develop a real retirement that is secure especially with defined benefit "union" type plans all but gone for anyone not a government employee.

    I am so concerned about what I believe is a "theft" of the future from our children that I and my wife have given up vacations and other unnecessary spending to pay for college funds for our 5 grandkids. We are doing this to allow our kids to save more for their retirements so that they won't still be working at age 75.

    If you do a review of my profile you will see I seldom comment on articles as I am a recluse at heart. I just occasionally find the "need" to share what an older "average" Joe thinks about what is occurring behind the curtains.
    Jul 8, 2015. 10:42 PM | 1 Like Like |Link to Comment