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drom

drom
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  • Gold: A Bad Investment and Getting Worse, Part II [View article]
    Very true, majority of people still believe the paper dollar to be the safe haven. Looks like that premise might be in the process of rolling over.
    May 28, 2011. 02:04 PM | Likes Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse, Part II [View article]
    Now after reading your article from about 10 months ago you calleda complete top for gold. Are you calling for a top again? Are you trying to be the broke clock that is right twice a day?

    What will be the catalyst of this gold tumble, perhaps it will be a trillion in cuts over the next 10 years we are about to get to raise the debt ceiling. I hope this guys isn't actually shorting gold, once they come out with pathetic cuts gold will take another surge up.

    seekingalpha.com/artic...
    May 28, 2011. 02:00 PM | Likes Like |Link to Comment
  • Gold: A Bad Investment and Getting Worse, Part II [View article]
    Gotta love all these gold haters out there. This is the 4th article you wrote being a gold bear since Aug of 2008. You were probably one of many to call a top when it hit $700 too.

    This guy obviously doesn't understand the 4,000 + year history of gold, the faults in paper currency that is showing up and that people are only beginning to diversify in gold. University of Texas just took physical delivery of their gold contracts, this will be one of many institutions to get into gold. Also consider that China is the largest producer of gold in the world, and they are a net importer! Is that gonna change, of course not. China is not gonna say lets get out of gold and pile up more of these paper dollars the fed continuously print. China is not continue to be a slave for the paper reserve currency we can just print out of thin air, it will not last forever, and IMO it dollar as a reserve currency will be over within 2 years.
    May 28, 2011. 01:49 PM | 1 Like Like |Link to Comment
  • 9 Real-World Reasons to Own Dividend-Growth Stocks [View article]
    I think amazon will continue to hurt retail REITs like O, just my opinion tho
    May 23, 2011. 12:46 PM | 1 Like Like |Link to Comment
  • Silver - Prepare for the Flood [View article]
    Printing will only temporarily work and 4,000 years of history will show us that trying to print to wealth, such we are now, has always failed and will ultimately lead to a currency crisis. There are many examples of this in our long history. I understand everyone wants to think it is different this time and we have everything under control now, and we can print and have no consequences cause we have the reserve currency, but we are abusing that privilege and the Chinese are tiered of it hence why Pres Hu Jintao said USD as reserve currency is an idea of the past, and that is why China and Russia are doing all oil deals in their own currency now, who the hell needs paper USD to do the transaction anyway. Gold and Silver is simply insurance against a currency crisis, and there is a reason gold is up for 11 years and running now, its not a mystery. Silver will only go back up in a healthy way once it is moving with gold, not way ahead of it. Eventually if everyone bids gold up to over $2k as more people realize they want some insurance in their portfolio, then more regular people will look to silver as a more affordable option.
    May 22, 2011. 10:04 AM | 1 Like Like |Link to Comment
  • Commodities Still a Bubble - But Prices May Continue to Rise [View article]
    Yes US$ is at the top of their list now which means it has a long way to fall! Have you heard the things China president Hu Jintao had to say? He is not a fan of US$ and China is the largest gold producing nation on Earth yet they remain a net importer. So soon you believe they will say I want paper dollars backed by nothing for 40 years now, or gold which has been money for 4,000 years? You think they will burn all their citizens after telling them they should buy it? The Chinese are a little old fasion so I think they'll stick to the Gold and being loyal to their citizens over these new paper dollars backed by nothing. Yes dollars are backed by annual cash flows, which are obviously deep in the red.
    May 20, 2011. 03:00 PM | Likes Like |Link to Comment
  • Why Oil Prices Could Soon Be at $64 [View article]
    You also called for gold to collapse from $976 genius:

    Here is your comment from Nov 2009: "another pointless gold bug. it is going to collapse and you won't see another high above 1,000 in 5 years"

    but this comment from you in Sept 2009 is my favorite one:
    "see Kim, there has been so many bullishness in gold, that it is just an excellent short at current 976"

    Sounds like you really understand fiat currency and its relationship to gold. Shorting gold since $976 was a super nice move, keep it up and one day you might just loose everything and finally stop posting dumb comments here.

    For reference here is this guys history of comments:
    seekingalpha.com/user/...
    May 12, 2011. 12:37 AM | 2 Likes Like |Link to Comment
  • Will Silver Survive the Vicious Downturn? [View article]
    You also called for gold to collapse at $976 genius:

    Your comment from Nov 2009: "another pointless gold bug. it is going to collapse and you won't see another high above 1,000 in 5 years"

    but this comment from you in Sept 2009 is my favorite one:
    "see Kim, there has been so many bullishness in gold, that it is just an excellent short at current 976"

    Sounds like you really understand fiat currency and its relationship to gold. Shorting gold since $976 was a super nice move, keep it up and one day you might just loose everything and finally stop posting dumb comments here.

    For reference here is this guys history of comments:
    seekingalpha.com/user/...
    May 12, 2011. 12:37 AM | 1 Like Like |Link to Comment
  • Gold for Bears: Long term update (2011) [View instapost]
    deflation = economic slowdown
    With our only chance of getting out of our massive debt hole is to "grow" out of it, I doubt an economic downturn will instill confidence in paper USD.

    I see you been a gold bear since Nov 2009 with the following comment: "another pointless gold bug. it is going to collapse and you won't see another high above 1,000 in 5 years"

    but this comment from you in Sept 2009 is my favorite one:
    "see Kim, there has been so many bullishness in gold, that it is just an excellent short at current 976"

    Sounds like you really understand fiat currency and its relationship to gold. Shorting gold since $976 was a super nice move, keep it up and one day you might just loose everything and finally stop posting dumb comments here.

    For reference here is this guys history of comments:
    seekingalpha.com/user/...

    If you did the exact opposite of everything he suggested over the past 2 years you would have done really well.
    May 12, 2011. 12:09 AM | 2 Likes Like |Link to Comment
  • Silver - Prepare for the Flood [View article]
    Very true, in every bull market there are always much larger single down days (sharper moves down) and just a lot more smaller up days. I'm not even a day trader and I know that to be an almost untouchable rule.
    May 10, 2011. 03:15 PM | Likes Like |Link to Comment
  • Commodities Still a Bubble - But Prices May Continue to Rise [View article]
    Very true, after the housing bubble there have been thousands of bubble predictors that have come out. And most of these new bubble predictors completely contradict the people who called the actual bubble that popped, such as John Paulson, Nasim Taleb, Peter Schiff. Sorry but I'm gonna have to take the advice of all these guys and hold oil, gold and silver over all the brand new bubble predictors that have come out of the woodworks.
    May 10, 2011. 11:06 AM | 1 Like Like |Link to Comment
  • Commodities Still a Bubble - But Prices May Continue to Rise [View article]
    I see you fail to mention gold has been a monetary commodity for thousands of years, compared to about 40 years of using a paper fiat backed by nothing in the USD. Also there is hardly any economic use for the small amount of cotton in the dollar bill. 100% debt to GDP is high especially considering that last year was the first year SS rolled over and there are more outflows than inflows now. Gold has won over fiat many times over thousands of years, fiat systems have failed every time the people in charge forget to turn off the printing press and try to create wealth by continuous printing. I heard people say the same thing as you 2 or 3 years ago when gold was around $1,000, needless to say they lost every penny. I understand you're nieve enough to believe nothing really bad could happen to the paper US dollars, I suppose that is most of American's attitude in thinking the all mighty US paper dollar will never fall (or come close), but it will at least come close then they maybe they will realize the printing needs to end for an economy to work. Keep in mind Bernake believes the depression was cause by tightening too soon, so you can be assured he will keep his foot on the gas in devaluing the dollar, its his only weapon right now.
    May 10, 2011. 10:47 AM | 6 Likes Like |Link to Comment
  • Commodities Still a Bubble - But Prices May Continue to Rise [View article]
    Do you believe China/India and their citizens will prefer gold and silver going forward or more of paper US dollars. I'm gonna guess they will not want too many paper dollars coming out of the Bernank, and I don't blame them, who the hell wants a bunch of paper IOUs? Real tangible assets are in a secular bull market, I don't see that changing unless the Fed stops QE, lets all their maturing treasuries roll off and raise short rates at least 4% over the next 12 months. The chance of that happening soon is about the same as the chances we don't raise the debt ceiling and actually start paying the principle on our massive debts this year.
    May 10, 2011. 10:39 AM | 2 Likes Like |Link to Comment
  • Silver - Prepare for the Flood [View article]
    Yes lets all pretend gold and silvers run means nothing.....
    Or we can come back to Earth and realize US paper dollars are falling out of favor around the world, particularly in China where their Hu Jintao said the US dollar as the world reserve currency will soon be in the past.
    May 9, 2011. 12:35 PM | 3 Likes Like |Link to Comment
  • Silver - Prepare for the Flood [View article]
    Ever consider that the paper dollars might be the tulips?
    The only suckers are people holding paper dollars that are created everyday with the flip of a switch to a printing press. This trade just took a bad turn for you today. Paper dollars are what the scam is, China and their citizens are starting to see this as they provide us with a ton of goods while they only get depreciating paper dollars for those goods. As you can see China has been selling their paper dollars for PMs, and the past couple years China has not exported one ounce of gols, even though they are the largest gold producer in the world. Why is this? Its fairly obvious China wants to have more gold than the US at some point.

    You think China and their citizens will wake up one day and say, you know what i see a lot of value in the paper dollars that this guy Bernake is printing everyday, I think I prefer that over silver and gold? Hmmm I don't thinks so. Now take another history lesson and you will see every single paper fiat currency over thousands of years have failed next to gold and silver, and they all failed when they forgot to turn off the printing press. I don't think we will have a complete collapse, but it should get pretty close since our national debt is way more than the entire money supply (M2), there is only one option, print baby print.
    May 9, 2011. 11:38 AM | 2 Likes Like |Link to Comment
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