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mikemdr

mikemdr
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  • Gold (GLD +0.9%) continues its comeback tour, with a big move in the last 30 minutes pushing the metal into the green for the session and up to $1,344/ounce.  Technician Mark Newton calls this bounce the beginning of a longer-term bottoming process, and sees the metal back at $1,500 before October. The miners (GDX +2.5%) also continue a big move, inducing the blow-up of another triple-leveraged ETF, the DUST (DUST -7.2%), now off about 60% in less than a month. [View news story]
    No one factoring South Africa gold mining strikes that make up 1/6 world gold. Mine owners have it both ways. Prolong the strike, don't have to pay labor, in house gold inventory goes up in value. Win! Supply decreases, demand goes up. Win!
    Strikes ends 2-6 months, new higher gold price pays for labor cost increases Win! Everybody relax, inflation is eventually coming as world finally gets its head out of its butt and world economies grow again. Gold becomes important again as hedge, safety and investment. $ 2,000 an ounce only a few years away.
    Jul 23, 2013. 03:34 PM | 1 Like Like |Link to Comment
  • The Best Dow Stocks for the Next 5 Years [View article]
    No doubt CAT will continue to grow as construction, mine equipment replacement continues. However KUB, Japenesse heavy equipment maker will have a better ride over the next 3-5 years. As Japan builds its way out of destruction, who do you think they will buy equpment from? American CAT or Japanesse KUB? Gives jobs to their own people, uses local resources, local steel, m and less transportation costs. Wouldn't that be a wonderful idea for America? Do things to create American jobs.
    Not as long as the thieves in both parties line their pockets from global companies that "contribute".
    Jul 16, 2011. 08:09 AM | 1 Like Like |Link to Comment
  • Releasing the Strategic Petroleum Reserve Will Make Volatility Surge [View article]
    Oil politics has been a one sided game for OPEC for decades. The future should be, they raise prices or cut production, the world releases oil from their reserves. The prices drop, the world buys back at the lower prices, restocks. Repeat and repeat until the oil suppliers sit down and develop a plan to benefit the world economies which in turn will increase their profits anyway. OPEC has controlled the game far too long. One added thought, how about Saudia Aribia and Kuwait paying back from their trillions, the billions the US spent protecting their butts agains Saddam. How about Irag starts setting up schlorships for the families of our killed and wounded soldiers who gave so much to save their butts. One last thought, we protect the corrupt butts in Aghanistan and they are lining up billions of oil deals and strategic material contracts with China. Yes China. Our troops protecting Chinese business. Time for America and rest of the world to get thier heads out of the sand,actually out of their butts! and stop this oil profit madness from destroying the world economies and causing poverty and death form starvation for hundreds of millions in the world. Any leaders or politicians out there have the guts to take a stand?
    Jun 27, 2011. 09:42 AM | Likes Like |Link to Comment
  • Rising Tide Lifts Shippers [View article]
    Is the ceo of DRYS still using the company as his personal piggy bank?
    Apr 2, 2011. 09:42 AM | 1 Like Like |Link to Comment
  • The Best Dow Stocks for the Next 5 Years [View article]
    VZ fined $56 million by FCC in Oct 2010 for third party scams, continues, and still collects hundreds of millions from their angry customers. Sweet deal and great cash flow for Dan Mead and John Stratton. VZ does nothing to help customers or give refunds, making you contact the scammers ( CS in India) By the way your friends in Congress set up this 3rd party deal for their friends in the tele business. Can you say "lobbyist? Can anyone supply VZ management and directors home #s and home addresses for all the customers being robbed every month?
    Mar 25, 2011. 12:21 PM | 1 Like Like |Link to Comment
  • Citigroup: The Illusion of the Reverse Split [View article]
    The stock at about $4.50 a share and market thinks $ 7.50 in 12-18 months, 66.6% increase. Maybe on speculation, day traders, preset logarithm and many smaller guys. I have been making money on $.15-.50 swings. I sold out with nice 28% profit for 18 months. I am not going to play at $ 45. Does anyone believe that now a $45 price will also go up 66.6% to $ 75? Only the big boys will trade. Time will tell.
    Mar 22, 2011. 01:01 PM | Likes Like |Link to Comment
  • Two Utilities with 6% Yield and Street Support [View article]
    If the fools in Washington ever take seriously the crumbling gas infrastructure and continuing blowing up of neighborhoods and loss of lives, they might make these operators replace their lines and that will cost billions. Will these fools do that, we all know better, unless one of them has his house blow up and their loved ones dies. I believe the fed and state laws make the suppliers responsible for checking, repair and replacement.
    Do you really think they will spend the billions on there own and reduce the profits and bottom line? Do you really think a party of non regulation, will act? Tick tick tick!
    So for now, good investment idea and pray
    Mar 6, 2011. 09:29 AM | 3 Likes Like |Link to Comment
  • $130 Oil Could Be Just the Beginning [View article]
    Yes high prices for months, while perfect storm is brewing.I agree with Retirefund. Other oil producers will follow Saudi "bribe" tactic and that means having to sell extra oil, that will modify pricing. Also at any time US can release some Strategic oil reserves or threaten and OPEC will respond. US sells at high, adds to local supply, lowers local gasoline prices, helps lower deficit,( billion barrels at $ 130 minus original cost of $50 equalls 80 Billion dollars to tresury) lowers world prices and buy back oil at lower prices to restock. Capitalism at it finest. Buy low,sell high, buy back, repeat.
    Mar 4, 2011. 09:27 AM | 1 Like Like |Link to Comment
  • Consumer Inflation Threatens Too Big to Fail Banks [View article]
    Yes, gas is going up this summer, minipulation, world tensions, supply distruptions, but todays ALPHA article about the shiekdoms going to pump out more to keep their "heads" has serious merits. Whomever takes control of the oil producing countries, will respond to their peoples long suffering needs. That means raise more capital by selling more oil. Saudi's say they will need $ 30+ billion to lift(bribe) the lives of their people, the other countries will have to follow. $ billions more. Oil drops. And guess what, the manipulators win up or down, you know that! Maybe I am naive or just foolish, but where there are trillions to be made, the insiders will protect themselves. Maybe it's blind faith, but if I am wrong and the world goes to hell, it won't matter where you have your money. It's going to be a bumby scary ride, a lot of throwing up, but "that too shall pass". "Tommorow is another day"
    Feb 28, 2011. 01:54 PM | 1 Like Like |Link to Comment
  • What Is the Fundamental Upside for Silver Prices in 2011? [View article]
    Within 10 years 1 billion more people in China, India, Bangledesh, Indonesia. Customs and culture love gold and silver. As they move to middle class and celebrate weddings and all occasions with gold and silver, prices will continue upward. If you can buy now and wait, gold at $ 4000 plus and silver at $250 quite reasonable. During those 10 years we will have another 2-3 financial crisises.
    Lets all look again 2/4/21.

    Mike Roth
    Feb 4, 2011. 07:20 PM | 2 Likes Like |Link to Comment
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