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RSI Raistlin

RSI Raistlin
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  • Market recap: QE junkies got what they wanted in today's big Fed move, sending the S&P to its highest close in five years. It's open-ended too, so the commitment is for as long as it takes to rein in unemployment. Treasury prices rebounded after an initial selloff, and the dollar fell. Commodities surged; gold bugs especially loved the news. NYSE gainers beat losers three to one. [View news story]
    This really is scary......don't get me wrong my silver and materials stocks are screaming up and thats great but unlimited QE for unlimited time....jesus that sounds like a recipe for disaster.
    Sep 13 06:50 PM | 3 Likes Like |Link to Comment
  • Cliffs Natural Resources: Time For A Massive Short [View article]
    Well, WHAT?
    Sep 9 08:07 PM | 3 Likes Like |Link to Comment
  • Market Euphoria Continues As We Get Ready To Jump Off The Fiscal Cliff [View article]
    As much of a fan I was of Clinton I also liked 1st term Bush much more. Let's not forget he had a market collapse and an attack on the country and started one necessary war in 2001, all with an 80% public approval rating.

    Deregulating of wall street had been going on since reagan, including repeal of glass-stegall by Clinton in 1999.

    Nobody is innocent.
    Sep 7 11:31 PM | 3 Likes Like |Link to Comment
  • Today In Commodities: Trading Range For Crude [View article]
    I agree with your whole statement Gus, I am subscribing to the if you can't beat em join em philosophy and at least I'll have my money in actual "things". great comment though
    Sep 7 07:58 PM | 3 Likes Like |Link to Comment
  • Today In Commodities: Sidelines Safest For Stock Investors [View article]
    100% percent agree with comments on silver, had been buying in the 20s.....fully expect ( with QE caveat) to see 40s again.
    Aug 27 08:07 PM | 3 Likes Like |Link to Comment
  • End Of An Era For Gold Investors [View article]
    Interesting article. I honestly believe gold is a store of value in epic dire times such as a total economic collapse. However, silver is the better instrument in the day to day life in a post collapse environment. (I mean how can you cut a sliver of gold off a bar small enough to pay for a loaf of bread) So holding some of either precious metal should be a necessity to all individuals as an almost "break the glass" emergency store of wealth.

    Another interesting but useless fact is that both gold and silver (and every other metal heavier than iron in the periodic table) has only one point of creation....the death of a star (a supernova)

    That fact alone is reason enough for me to hold a little of each if for simply the novelty of it.
    Aug 5 09:45 AM | 3 Likes Like |Link to Comment
  • Cliffs Natural Resources Now Trading Near Tangible Book Value [View article]
    I 100% agree Chris. I took solace during the conference call when they repeatedly said their main goal was defending the dividend. All the negative estimates are based almost solely on poor IO prices which doesn't effect CLF as much as people think (20% of their pricing is not contractual) I'm content to add to my position (PPS 55 now) and receive the divy while I wait.
    Jul 29 08:58 PM | 3 Likes Like |Link to Comment
  • The government of British Columbia says it will not support construction of Enbridge's (ENB) Northern Gateway project unless it receives a bigger slice of ~C$81B in overall tax revenue the pipeline expects to generate in its first 30 years of operation. The demands would apply to any company hoping to build heavy oil pipelines through B.C., including KMP’s plan to expand its Trans Mountain pipeline.  [View news story]
    While I generally agree with you this isn't liberal tactics this is supply and demand free market economics at work. It's simply a government using it this time.

    B.C. knows that the project needs to go through their territory...well it'll cost the company X dollars to use their land if the price becomes too high than they can move the pipeline to an area that's willing to accept the project for less money.

    The ancillary economic affect should have no bearing on the actual negotiation of the project. Like the negotiation of a trade in of a vehicle should have no bearing on the negotiation of a new car purchase.
    Jul 23 05:57 PM | 3 Likes Like |Link to Comment
  • Canadian investor Prem Watsa doubles down again on what was already a big investment in Research In Motion (RIMM), as a filing shows his Fairfax Financial (FRFHF.PK) goes to 51.9M shares - worth about $351M, a 9.9% stake. Watsa figures RIMM's undervalued and recovery could take three to five years.  [View news story]
    AHhhhhhhh a sadomasochist. He loves the PAIN.
    Jul 23 09:15 AM | 3 Likes Like |Link to Comment
  • Individuals and their families have squirreled away $21-32T of financial assets in offshore tax havens, a study conducted for pressure group Tax Justice Network shows. That represents up to $280B in lost global income tax.  [View news story]
    The fact remains that no matter what instance. Every single organized society has required taxes to maintain infrastructure. Now if the argument will move beyond this to proper use of taxes (such as the research of the mating of the titsi fly) we can continue. By acting like some sort of hypocritical mouthpiece of some libertarian impossible dream....that would become a nightmare if it was reality, you sound insane.
    Jul 22 05:39 PM | 3 Likes Like |Link to Comment
  • Individuals and their families have squirreled away $21-32T of financial assets in offshore tax havens, a study conducted for pressure group Tax Justice Network shows. That represents up to $280B in lost global income tax.  [View news story]
    Clap trap or not the hypocrisy remains. Of course its much easier to spout rhetoric on a website than to actually live the ideals. For your future information public education has existedsince early Tibetan society in which they paid 75% of their national income to maintain.

    You know nothing about the silk road so stop with your ignorant comparisons. The silk roads brought as much in disease and plague than they did actual silk. Not to mention the actual "silk road" for much of the journey was not an exact road but more a general direction. If you want your local roads to be as dangerous as that by all means stop paying taxes.

    Police and fire on federal land and military installations are federal entities, the state has nothing to do with either them or local municipal departments.
    Jul 22 05:22 PM | 3 Likes Like |Link to Comment
  • Alaska, Texas, Louisiana and North Dakota have returned to their peak pre-recession employment levels, a new analysis from IHS Global Insight shows, with 16 set to do so by the end of 2013. The formula for success includes avoiding the housing bust and having lots of oil and gas.  [View news story]
    Rhode Island isn't anywhere near recovery when the state gives 75 million to a baseball player to make a dungeons and dragons game that bombs and then is already coming hat in hand for more money. Here's an idea RI about 1 million for 75 companies, 500k for 150 companies instead of creating zero.
    May 22 01:41 PM | 3 Likes Like |Link to Comment
  • One question that some have been asking is if JPMorgan (JPM) lost $2.3B, to whom did it lose all that cash? Investment firms such as BlueMountain and BlueCrest made ~$30M, the WSJ reports; one trader reckons that over a dozen hedge funds and banks profited by taking the other side of JP Morgan's trades.  [View news story]
    The loss is not the big deal, the big deal is the unknown of that even the CEO has no idea how deep the losses could get. If 2 billion was the extent wouldn't it be more likely that they just admit to the loss in the next conference call? I believe the loss will be double that and will take a quarter or two to realize the extent. At that point it will be investable. I watched this run up from 28-46 in 3 months, so there is a gap that can be (and probably should) be filled.
    May 13 10:44 AM | 3 Likes Like |Link to Comment
  • Why U.S. Banks Won't Be Crushed By A Greek Default [View article]
    Not wanting to be rude but unfortunately your facts are not completely straight either. While BCS' direct exposure to Greece is limited. Their CDS' are the issue. They hold substantial swaps from many Greek banks as well as banks in Germany and France (both areas of high exposure to Greece) Some totals I have seen exceed 133 Billion
    Sep 12 01:14 PM | 3 Likes Like |Link to Comment
  • FHFA Friday: Potential Lawsuit Tanks Banks [View article]
    It's simply the FHFA transferring blame to someone else...the banks. I can't believe I'm defending the banks but in this case they are not to blame. When Barney and crew forced the banks to loosen requirements the banks obliged, when S&P, Moodys, and Fitch awarded AAA ratings to MBS' the banks accepted those ratings (they were paying the rating agencies to do the due diligence so they didn't have to). Everyone is somewhat to blame......we will never get passed this if the blame game continues round and round and round and round
    Sep 2 05:26 PM | 3 Likes Like |Link to Comment