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urinmymachine

urinmymachine
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  • The long-cycle in precious metals has peaked, writes Citi's Jon Bergtheil, arguing we'd need a level of systemic risk higher than the past few years to warrant a continued bull run. Especially vulnerable are the PM miners (GDX, SIL) which benefit from what may be mistaken belief $35 silver and $1,600 gold are the "new normal." [View news story]
    It's plain and simple, a parabola. Problem is, we are at the peak of the parabola. Honestly, long term trends can't support anything higher than 1200, and it should look more like 800 within 2 years. This is based on an old bet made in the 70s, where the price of gold was $800 and the gold speculator bet the economist that gold would be $2000 an ounce within 3 years. The economist drew a line and said it would be $200 an ounce again soon. Who do you think won that bet? Nothing goes up logarithmically and there is a certain gravity to speculation which always ruins a party. This time is no different.
    Feb 20, 2013. 06:38 PM | 2 Likes Like |Link to Comment
  • Gold miner ETF sinks to five-year low, gold closes at lowest since July [View news story]
    Yes, as soon as it hits $900 I am a buyer...
    Dec 2, 2013. 06:26 PM | 1 Like Like |Link to Comment
  • Zynga's Future Looks Bright With Game Of Thrones, Current Games And Share Buybacks [View article]
    Not sure it is so much about whether or not there is something positive to say, as much as, can't we all just admit that the situation with Zynga is really an unknown, so those using Game Over are really not correct. It's just watch and wait. I personally think that Zynga will somehow cross the rubicon and end up at the cross-roads of interactive TV/video gaming and the Internet, where millions play a game that is being broadcast all at once. Just seems like someone is going to do it and it might as well be ZNGA. So I think the big surprise is yet to come.
    May 7, 2013. 03:07 PM | 1 Like Like |Link to Comment
  • Are You A Scared Silver Investor? [View article]
    Very simple, draw a line. Silver should be about 15 or 16 an ounce. We have not been through a hyper-inflation period, nor is there any serious industrial increase in demand. Both Gold and Silver don't dream or make a product or turn around because of a change in their market technology. They are stones and hedges, but the future was not as bad as we thought it was.
    Apr 17, 2013. 02:49 PM | Likes Like |Link to Comment
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