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tr4head

tr4head
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  • Goldman slashes its 2013 gold price target to $1,600 from $1,810 citing ... recent price declines. What wonderful value-added. Searching for a better reason to justify its fancy pay, the team notes a small increase in U.S. real interest rates as well as the perceived hawkish FOMC minutes (refuted by a half dozen Fed speakers over the past few days). GLD -0.3% premarket. [View news story]
    Since Obama was elected in 2008 we have had 13/19 quarters of Govt GDP estimates that were too high on GDP growth and too low on GDP declines. Does not sound like economic recovery to me but if you say a lie enough, gullible people believe.

    Now, we believe them when they say "no inflation"?
    Feb 26 03:43 PM | Likes Like |Link to Comment
  • Fund managers' short bets on Comex-traded gold futures and options surged 33% this week to more than 65K contracts, the most in weekly CFTC data going back to June 2006. Fund managers still held more bets that prices would rise than bets they would fall, though by the lowest margin in more than four years. Gold settled at $1,572.80 today, a seven-month low[View news story]
    Sequestration will have miniscule impact, this is a media/Obama hype about how the govt can't survive with 1-2% decrease in spending? Give me a break.

    My equation: poor GDP + money supply inflation = stagflation
    Feb 23 12:21 PM | 1 Like Like |Link to Comment
  • Fund managers' short bets on Comex-traded gold futures and options surged 33% this week to more than 65K contracts, the most in weekly CFTC data going back to June 2006. Fund managers still held more bets that prices would rise than bets they would fall, though by the lowest margin in more than four years. Gold settled at $1,572.80 today, a seven-month low[View news story]
    Interesting factoid. World Gold Reserves owned by governments peaked right after Goldfinger (the movie) came out.

    Maybe this was a documentary?

    http://bit.ly/XvuA0w
    Feb 22 11:26 PM | Likes Like |Link to Comment
  • CIBC economists believe many of the forces that made gold so attractive appear to be turning over, while expectations for other supportive factors are overdone. They say investors have piled into gold as a hedge by incorrectly buying into the myth that central banks have been printing so much money that inflation is inevitable, "a myth because, in reality, money growth has not been particularly brisk." [View news story]
    Inflation coming from more money supply is "a myth because, in reality, money growth has not been particularly brisk."

    Give me a break. No inflation is the myth. Bernake thinks we are stupid and tries to brainwash people into thinking inflation does not exist. When someone has a massive vested interest in a lie, they will lie until they can't lie anymore. The fact is that nobody with half a brain believes in 1% inflation over the last few years.

    As Ronald Reagan once said, just because you believe something does not mean it is so. No inflation? There you go again.
    Feb 22 11:52 AM | Likes Like |Link to Comment
  • Nice. Gold is downgraded at Credit Suisse, which cuts its price target to $1,600. One month ago, the bank saw gold at $1,750 in the short-term and $1,800 over the new year. GLD +0.6% premarket. [View news story]
    Beta - Agree with everything but the long dollar. How can this be justified when we have more per capita debt than Greece?
    Feb 21 08:33 AM | Likes Like |Link to Comment
  • Nice. Gold is downgraded at Credit Suisse, which cuts its price target to $1,600. One month ago, the bank saw gold at $1,750 in the short-term and $1,800 over the new year. GLD +0.6% premarket. [View news story]
    What a gutsy call! Since we have hit their bottom, they must be saying its time to move up now. Brilliant!

    I actually do think there is a buy opportunity here, if not now, real soon. GOLD is on the ever increasing upward path, this is a blip. Developed world economies are in a shamble and are inflating their way out. UK is accepting of higher inflation, officially. We don't even say it exists here in the US, LOL.
    Feb 21 08:31 AM | Likes Like |Link to Comment
  • Is The Precious Metals Bubble Bursting? [View article]
    DelF: In a word, inflation. That is the killer to Bernake's QE and they just don't want anyone to know. Bernake once said that Inflation was a "state of mind". True enough for as long as you can lie about it, but the lying will have to end and soon. Inflation means returning to normal rates, housing will be whacked again and all those SS payment will be adjusted up. And, then there is the little problem of rising interest on our gazzilliobazillion dollar debt.

    Gold will skyrocket.
    Feb 20 05:32 PM | 1 Like Like |Link to Comment
  • Is The Precious Metals Bubble Bursting? [View article]
    Wow - your comments, and the author's, seem to come not so much from confidence in our wonderful economic situation but from desperation. If you are so confident about the great economic situation we are in (by all objective measures the worst since the big D), why would Gold going down affect your view one way or another?

    The DOW and NASDAQ were down today as well as G. Hmmm, if you are so right about your fairy-tale equities, why would this happen?
    Feb 20 05:23 PM | 1 Like Like |Link to Comment
  • Is The Precious Metals Bubble Bursting? [View article]
    We will see who is right! I prefer not to wear rose colored glasses, as people on your side seem to do so well.

    Facts are stubborn things and eventually will rule the markets. Govt stats on inflation and economic growth, unemployment are largely fabricated to support the US economy and esp stock market. My view is that if false numbers or temp. conditions (interest rates) are used to support stock prices, then what is the real market value of equities? Its certainly not going to justfity current, let alone higher valuations.

    I think we will have a slow burn downward on equities this year. Massive jolts will be tempered by fabricated low interest rates as long as rates stay at these levels, but the direction will be down. I just don't go along with the notion that you buy something because it has been going up like the Motley Fools did back in the Tech Bubble. We have our own bubble, and its called the Fed.
    Feb 20 05:09 PM | 2 Likes Like |Link to Comment
  • Is The Precious Metals Bubble Bursting? [View article]
    S&P will fall significantly more than GOLD when we wake from the dream of economic growth, no inflation and preposterously low interest rates. Stagflation will keep GOLD up and kill developed world equities that have no grounding in reality.
    Feb 20 11:31 AM | 5 Likes Like |Link to Comment
  • Gold falls to its lowest level since August, now at $1,591 and off more than 11% since the heady post-QE∞ announcement days. The move is more of a blip on a longer-term chart and the metal is basically flat since summer 2011. GLD -0.8% premarket. [View news story]
    S&P will fall significantly more than GOLD when we wake from the dream of economic growth, no inflation and preposterously low interest rates. Stagflation will keep GOLD up.
    Feb 20 11:28 AM | Likes Like |Link to Comment
  • The sight of big name managers dumping gold likely augurs badly for its near-term prospects, as such notables as George Soros, Julian Robertson and Pimco reduced their bets on gold during Q4, when bullion posted its biggest quarterly loss in more than four years. The price of gold is down nearly 2% today, and has dropped 6% since the end of November. (also[View news story]
    Agree. The FED wants all ind. investors into risky assets. Buying GOLD is the opposite of this strategy, so they will fight every move up until they stop buying treasuries.

    Here is a stat for you. Last week, over *25%* of ALL trades on the NYSE were program trades, ie institutional money managers. These guys will control overall market as long as they can, until they decide (in unison of course) thats it time to bail. The little guys will be trying to catch the falling knife, but will be too late. GOLD *has* gone down in the last several big market declines but this time could be different if inflation is spiking, eg stagflation.
    Feb 16 09:30 AM | Likes Like |Link to Comment
  • Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%[View news story]
    The FED wants all ind. investors into risky assets. Buying GOLD is the opposite of this strategy, so they will fight every move up until they stop buying treasuries. Of course, this is mind boggling irresponsible, but so is our government spending that will be paid for by future gens. Thank GOD for the so-called "sequestering", its the only way we can be a little bit responsible about spending without voting to cut it.

    Here is a stat for you. Last week, over *25%* of ALL trades on the NYSE were program trades, ie institutional money managers. These guys will control market as long as they can, until they decide (in unison of course) thats it time to bail. The little guys will be trying to catch the falling knife, but will be too late.
    Feb 16 09:27 AM | Likes Like |Link to Comment
  • Gold's now in a clear downtrend, taking out new technical lows, hit by (3-month old) news big names are selling, and now the chart's starting to form the dreaded "death cross." All the gold bugs need for a perfect bullish setup would be Paul Krugman taking to the air to declare victory for all he believes ... check. GLD -1.7%[View news story]
    Gold to find bottom soon, and just in time. Inflation is already exceeding expectations in UK. We have it here as well, just that we are better liars.

    You can't lie forever, just as true as the laws of supply and demand.
    Feb 15 04:52 PM | 3 Likes Like |Link to Comment
  • The sight of big name managers dumping gold likely augurs badly for its near-term prospects, as such notables as George Soros, Julian Robertson and Pimco reduced their bets on gold during Q4, when bullion posted its biggest quarterly loss in more than four years. The price of gold is down nearly 2% today, and has dropped 6% since the end of November. (also[View news story]
    Except for printing money.
    Feb 15 04:50 PM | 1 Like Like |Link to Comment
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