Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%. [View news story]
Predicted it? They caused it. Who has the naked shorts? JP Morgan can't have them all ...
I would like to see this back-tested against Harry Browne's portfolio: 25% equities, 25% precious metals, 25% bonds, 25% cash (rebalanced annually), which has done spectacularly well.
This is the typical gold-bashing we get from the Buffetteers. If it weren't for government bailouts, he would be nobody today. We have heard it all before, and it has all been debunked. Just wait until the PAGE gets going!
Gold has been a store of value for millenia--that's thousands of years for you Keynesians. Therefore, it is savings. Gold has been in a secular bull market for a decade. Therefore, it is an investment--and a good one. The gold market is world-wide and very liquid. Just wait until PAGE gets going! This article is typical gold-bashing, and indicates to me the correction is over!
"Best" can be a tricky concept, especially when it comes to economics. I'll take an ETF over an ETN any day, even if it means modestly more taxes. Have we learned nothing about counterparty risk?
Should You Copy The 'Ron Paul Portfolio'? [View article]
The portfolio you propose is basically that of Harry Browne, Libertarian candidate for President (now deceased). http://bit.ly/yRoY4Y Your assertion that stocks are better than gold for the long haul is not so: the 40-year trailing returns are about equal, and the 10-year are a wash for stocks and a blow-out for gold. I remember when financial advisers almost universally recommended 95% stocks! It was not so long ago. And please stop quoting Buffett. If it weren't for government bailouts, he would now be about as respected as Alan Greenspan.
Financial ETFs Soar On The Possibility Of A Romney Presidency [View article]
Romney has been going down in the polls ... What kind of an idiot makes a 10K bet on national TV? Contrary to what the media brainwashers are saying, Ron Paul is the only one who can beat Obama!
Overlooked Mining Stocks Benefit From High Gold Prices [View article]
NG burned me big-time when it gaped down (past stop-losses) after management stupidly cancelled mine work because of (temporarily) high oil prices, only to reverse themselves months later. There is a class action lawsuit against them. "Once burned, twice shy." I bought New Gold instead.
What Will Pop The Gold Bubble - Update [View article]
"Gold supply can be changed, just like fiat currency." You can increase the fiat supply by X10, X100, X1000 ... How much can you change the gold supply? 1%, 2%, 3%? The difference is exponential! You kids are all missing the big bete noire: hundreds of trillions of dollars of OTC derivatives marked to model that will have to be marked to market eventually--along with everything else. I have to go now, and buy some more gold ...
Gold Is Worth $370 An Ounce [View article]
Goldman's short call on gold looks prescient, as comex gold sinks $63.50 to settle at $1,501.40/oz. for its lowest close since July 2011. Traders and analysts see no obvious trigger for the selloff, which seems to reflect the malaise that has gripped the market. Silver slips $1.37 to $26.33/oz. Miners are huge losers: HMY -7.5%, ABX -7.3%, AEM -6.9%, AUY -6.2%, SLW -5.6%, NEM -5.2%, EGO -4.9%, GFI -4.8%, GG -4.5%. [View news story]
They caused it.
Who has the naked shorts?
JP Morgan can't have them all ...
Swensen's 6 ETF Portfolio [View article]
25% equities, 25% precious metals, 25% bonds, 25% cash (rebalanced annually), which has done spectacularly well.
Is Gold Ever An Investment? [View article]
If it weren't for government bailouts, he would be nobody today.
We have heard it all before, and it has all been debunked.
Just wait until the PAGE gets going!
Is Gold Ever An Investment? [View article]
Gold has been in a secular bull market for a decade. Therefore, it is an investment--and a good one. The gold market is world-wide and very liquid. Just wait until PAGE gets going!
This article is typical gold-bashing, and indicates to me the correction is over!
The Best Gold ETF Isn't An ETF [View article]
Should You Copy The 'Ron Paul Portfolio'? [View article]
Your assertion that stocks are better than gold for the long haul is not so: the 40-year trailing returns are about equal, and the 10-year are a wash for stocks and a blow-out for gold. I remember when financial advisers almost universally recommended 95% stocks! It was not so long ago. And please stop quoting Buffett. If it weren't for government bailouts, he would now be about as respected as Alan Greenspan.
Financial ETFs Soar On The Possibility Of A Romney Presidency [View article]
What kind of an idiot makes a 10K bet on national TV?
Contrary to what the media brainwashers are saying,
Ron Paul is the only one who can beat Obama!
Why Gold-Related Investments Are Slowly Becoming Worthless [View article]
Dear Dr. Krugman, It's About Sovereignty, Not The Liquidity Trap [View article]
Overlooked Mining Stocks Benefit From High Gold Prices [View article]
What Will Pop The Gold Bubble - Update [View article]
You can increase the fiat supply by X10, X100, X1000 ...
How much can you change the gold supply? 1%, 2%, 3%?
The difference is exponential!
You kids are all missing the big bete noire: hundreds of trillions of dollars of OTC derivatives marked to model that will have to be marked to market eventually--along with everything else.
I have to go now, and buy some more gold ...
RETRACTION: Great Panther Shares Likely to Continue Limping Lower [View article]
Once a man admits his mistake, you let it go ...
Greenlight Capital: Retail Investors Can Buy a Top Hedge Fund for Close to Book Value [View article]
Jim Rogers Looks to Agriculture Stocks [View article]
Jim Rogers says ag is where Ag was 10 years ago.
Good luck to us all.