Lisa's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/90375/comments http://seekingalpha.com/article/173957-a-guide-to-gold-silver-and-platinum-etfs-and-etns?source=feed#comment-766106 766106
- I'm not sure why you'd want a fund that rebalances between gold and silver. Why not just buy the two ETFs and let them run?
- Mutual funds, due to their open ended structure, allow you to buy as much as you want (after market close) with no buy-sell spread. The problem with a lightly traded closed-end fund like (CEF) is that the spread can really hit you.
- Even if you made money on CEF after buying it at a premium, that's not an argument that buying at a premium is OK. You could have made *more* money had you bought at net asset value. The ETFs guarantee that.

On Nov 18 04:15 PM mbkelly75 wrote:

> You can buy it at a premium or you can buy it at a discount. Even
> buying at a premium - I have made a lot of money here as they keep
> going up with the price of both Silver and Gold. BTW - they publish
> the NAV right on their webpage and tell you the actual premium or
> discount - it is not hidden and you do not have to go through the
> balance sheet to find it. The dividend is VERY small (0.07%) and
> comes from re-balancing done when the price of Gold and Silver move
> in such a way that they get too far from their 50-50 balance. I made
> good money simply from that myself - trading on the Ratio - I know
> that they are sharp enough to do the same thing.
> Let's talk about their annual expense ratio: They have no management
> fee at all - it is 0.00% and there is 0.38% listed under "other expenses"
> - that 0.38% is the entire expense. GLD has a management fee of 0.40%
> and an expense fee of 0.40% - given this comparison - who has the
> higher expense ratio?????
> You do have one point - GLD has 15X the average volume of trade than
> CEF does. However CEF is a Closed End Fund and trades just like any
> other stock. You do not have the problems getting in or out that
> you might get from a mutual fund that only trades at the end of the
> trading day.
> As Renold said above - CEF also gives a tax advantage over GLD -
> it is taxed at 15% instead of GLD's 28%. Make your own choices -
> I think you are mistaken here.
>
> On Nov 18 02:49 PM Lisa wrote:]]> Wed, 18 Nov 2009 17:10:48 -0500
- I'm not sure why you'd want a fund that rebalances between gold and silver. Why not just buy the two ETFs and let them run?
- Mutual funds, due to their open ended structure, allow you to buy as much as you want (after market close) with no buy-sell spread. The problem with a lightly traded closed-end fund like (CEF) is that the spread can really hit you.
- Even if you made money on CEF after buying it at a premium, that's not an argument that buying at a premium is OK. You could have made *more* money had you bought at net asset value. The ETFs guarantee that.

On Nov 18 04:15 PM mbkelly75 wrote:

> You can buy it at a premium or you can buy it at a discount. Even
> buying at a premium - I have made a lot of money here as they keep
> going up with the price of both Silver and Gold. BTW - they publish
> the NAV right on their webpage and tell you the actual premium or
> discount - it is not hidden and you do not have to go through the
> balance sheet to find it. The dividend is VERY small (0.07%) and
> comes from re-balancing done when the price of Gold and Silver move
> in such a way that they get too far from their 50-50 balance. I made
> good money simply from that myself - trading on the Ratio - I know
> that they are sharp enough to do the same thing.
> Let's talk about their annual expense ratio: They have no management
> fee at all - it is 0.00% and there is 0.38% listed under "other expenses"
> - that 0.38% is the entire expense. GLD has a management fee of 0.40%
> and an expense fee of 0.40% - given this comparison - who has the
> higher expense ratio?????
> You do have one point - GLD has 15X the average volume of trade than
> CEF does. However CEF is a Closed End Fund and trades just like any
> other stock. You do not have the problems getting in or out that
> you might get from a mutual fund that only trades at the end of the
> trading day.
> As Renold said above - CEF also gives a tax advantage over GLD -
> it is taxed at 15% instead of GLD's 28%. Make your own choices -
> I think you are mistaken here.
>
> On Nov 18 02:49 PM Lisa wrote:]]> http://seekingalpha.com/article/173957-a-guide-to-gold-silver-and-platinum-etfs-and-etns?source=feed#comment-765880 765880 CEF):
- it's a closed-end fund, so you can find that you've bought it at a premium to net asset value.
- it has far lower trading volume than GLD, so that means it can be hard to get in and out and the buy-sell spread is far wider than for GLD.
- because it holds a combination of gold and silver, it's harder to know what the actual asset value is.
- The annual expense ratio is higher than for the ETFs.
- If they pay you a dividend, it has to come from somewhere (the assets in the fund) because gold doesn't generate income.]]> Wed, 18 Nov 2009 14:49:31 -0500 CEF):
- it's a closed-end fund, so you can find that you've bought it at a premium to net asset value.
- it has far lower trading volume than GLD, so that means it can be hard to get in and out and the buy-sell spread is far wider than for GLD.
- because it holds a combination of gold and silver, it's harder to know what the actual asset value is.
- The annual expense ratio is higher than for the ETFs.
- If they pay you a dividend, it has to come from somewhere (the assets in the fund) because gold doesn't generate income.]]> http://seekingalpha.com/news/market_currents/post/14136?source=feed#comment-339940 339940
The elections will be gay.
Taxes will go up.
Emerging markets will get their teeth kicked in, especially “BRIC.
”Commodity prices will remain robust, as food supplies dwindle.
Oil will keep a tight range of $75-90.
Natural gas will break $10.
Gold will break $1,000.
Two major financial institutions will fail.
There will be mergers in the brokerage sector.
Agriculture stocks will outperform in the first half, then dive in the 2nd.
Semiconductor stocks will bore investors to death.
CC will file for bankruptcy protection.
HOV will file for bankruptcy protection.
Stem cell stocks will gain momentum, with strong Democratic poll showings.
Utilities will continue to outperform, as old people look for yield.
PFE will make a big acquisition.
Many solar burrito stocks will drop by 50%, before recovering.
RIMM will get hit hard, in the second half of 2008.
AAPL will do well.
GOOG will lose mojo.
The Dow Jones will fall by 15%.
The Nasdaq will fall by 15-20%.


On Dec 28 12:24 PM Paul Price wrote:

> After seeing your 2008 predictions I don't have much confidence you'll
> be right this year either.]]> Sun, 28 Dec 2008 16:33:22 -0500
The elections will be gay.
Taxes will go up.
Emerging markets will get their teeth kicked in, especially “BRIC.
”Commodity prices will remain robust, as food supplies dwindle.
Oil will keep a tight range of $75-90.
Natural gas will break $10.
Gold will break $1,000.
Two major financial institutions will fail.
There will be mergers in the brokerage sector.
Agriculture stocks will outperform in the first half, then dive in the 2nd.
Semiconductor stocks will bore investors to death.
CC will file for bankruptcy protection.
HOV will file for bankruptcy protection.
Stem cell stocks will gain momentum, with strong Democratic poll showings.
Utilities will continue to outperform, as old people look for yield.
PFE will make a big acquisition.
Many solar burrito stocks will drop by 50%, before recovering.
RIMM will get hit hard, in the second half of 2008.
AAPL will do well.
GOOG will lose mojo.
The Dow Jones will fall by 15%.
The Nasdaq will fall by 15-20%.


On Dec 28 12:24 PM Paul Price wrote:

> After seeing your 2008 predictions I don't have much confidence you'll
> be right this year either.]]> http://seekingalpha.com/article/97377-the-perfect-storm-even-with-bailout-economy-is-hurting?source=feed#comment-264973 264973 Thu, 25 Sep 2008 13:03:18 -0400 http://seekingalpha.com/article/93456-meet-chrome-google-s-windows-killer?source=feed#comment-245120 245120 Thu, 04 Sep 2008 02:23:20 -0400 http://seekingalpha.com/article/93456-meet-chrome-google-s-windows-killer?source=feed#comment-243682 243682
'Nuff said. :-)]]> Tue, 02 Sep 2008 06:22:45 -0400
'Nuff said. :-)]]> http://seekingalpha.com/article/2933-will-google-be-forced-to-re-ignite-the-browser-wars?source=feed#comment-243678 243678 Tue, 02 Sep 2008 06:13:02 -0400 http://seekingalpha.com/article/799-google-s-browser?source=feed#comment-243677 243677 :-)]]> Tue, 02 Sep 2008 06:09:59 -0400 :-)]]> http://seekingalpha.com/article/93432-top-nine-stocks-going-ex-dividend-mid-september?source=feed#comment-243167 243167 Mon, 01 Sep 2008 11:23:38 -0400 http://seekingalpha.com/article/93090-steve-jobs-not-dead-yet?source=feed#comment-241223 241223 Thu, 28 Aug 2008 19:13:00 -0400 http://seekingalpha.com/article/93090-steve-jobs-not-dead-yet?source=feed#comment-241221 241221
Rumors about banks going under are crying "fire" in a crowded theater, because they cause a run on the bank which puts the bank out of business. Rumors (which this article wasn't in any case) about a company like Apple aren't, because the rumor doesn't damage its business.

If all the AAPL cheerleaders love the company and the stock (they often can't distinguish the two) as a long term investment, what do they care if it falls due to a false rumor? Surely it's a buying opportunity?

There seem to be a lot of nerves from these bulls... ]]> Thu, 28 Aug 2008 19:11:30 -0400
Rumors about banks going under are crying "fire" in a crowded theater, because they cause a run on the bank which puts the bank out of business. Rumors (which this article wasn't in any case) about a company like Apple aren't, because the rumor doesn't damage its business.

If all the AAPL cheerleaders love the company and the stock (they often can't distinguish the two) as a long term investment, what do they care if it falls due to a false rumor? Surely it's a buying opportunity?

There seem to be a lot of nerves from these bulls... ]]> http://seekingalpha.com/article/92900-investing-and-demographics?source=feed#comment-240418 240418 Wed, 27 Aug 2008 16:59:09 -0400 http://seekingalpha.com/article/92866-marketers-reducing-ad-budgets-in-difficult-economic-times?source=feed#comment-240081 240081 Wed, 27 Aug 2008 11:22:47 -0400 http://seekingalpha.com/article/92622-hedge-fund-manager-s-notebook-time-to-buy-chinese-stocks-lehman-s-true-value?source=feed#comment-239505 239505
www.vanityfair.com/pol...
]]> Tue, 26 Aug 2008 15:12:20 -0400
www.vanityfair.com/pol...
]]> http://seekingalpha.com/article/92622-hedge-fund-manager-s-notebook-time-to-buy-chinese-stocks-lehman-s-true-value?source=feed#comment-239023 239023 Tue, 26 Aug 2008 02:44:33 -0400 http://seekingalpha.com/article/92371-obama-is-bad-for-the-economy-barron-s?source=feed#comment-238148 238148
The Bush administration recognized this: the most economically stimulative measure it could think of was a flat-rate tax rebate to everyone.]]> Mon, 25 Aug 2008 02:14:24 -0400
The Bush administration recognized this: the most economically stimulative measure it could think of was a flat-rate tax rebate to everyone.]]> http://seekingalpha.com/article/92275-hedge-fund-manager-s-notebook-lehman-korea-and-3-uranium-plays?source=feed#comment-237321 237321
Not sure about VICEX. Didn't everyone expect the casino stocks to be recession-proof? And there's no way that BA is in there as a travel stock, as that's just too farfetched. Perhaps it's there because of its defence business. ]]> Sat, 23 Aug 2008 15:46:46 -0400
Not sure about VICEX. Didn't everyone expect the casino stocks to be recession-proof? And there's no way that BA is in there as a travel stock, as that's just too farfetched. Perhaps it's there because of its defence business. ]]> http://seekingalpha.com/article/92048-hedge-fund-manager-s-notebook-pawn-shops-and-railroads-in-oil-and-commodities-out?source=feed#comment-235901 235901 Thu, 21 Aug 2008 16:17:01 -0400 http://seekingalpha.com/article/92073-hedge-fund-manager-s-notebook-blood-on-the-streets-buy-russia?source=feed#comment-235888 235888 seekingalpha.com/artic...

Thoughts?]]> Thu, 21 Aug 2008 16:06:49 -0400 seekingalpha.com/artic...

Thoughts?]]> http://seekingalpha.com/article/92020-hedge-fund-manager-s-notebook-oil-and-financials-in-play?source=feed#comment-235844 235844 FNM) and Freddie Mac (FRE) hit new lows on concerns that a Fed bailout may not come. With FNM at $4 and FRE at $3 they are now trading at the value of a perpetual option with a zero strike price and an incredibly low implied volatility. Cheap. The two together own half the mortgages sold in the US. If they do go under China and Russia will declare war on the US because they hold so much of their paper. If these two don’t go bankrupt they will generate stock returns of several hundred percent. These look like the airline stocks that I recommended two months ago that brought in an immediate fourfold return."

I'd be interested to hear: What's stopping you from buying them?]]> Thu, 21 Aug 2008 15:14:49 -0400 FNM) and Freddie Mac (FRE) hit new lows on concerns that a Fed bailout may not come. With FNM at $4 and FRE at $3 they are now trading at the value of a perpetual option with a zero strike price and an incredibly low implied volatility. Cheap. The two together own half the mortgages sold in the US. If they do go under China and Russia will declare war on the US because they hold so much of their paper. If these two don’t go bankrupt they will generate stock returns of several hundred percent. These look like the airline stocks that I recommended two months ago that brought in an immediate fourfold return."

I'd be interested to hear: What's stopping you from buying them?]]> http://seekingalpha.com/article/91820-barclays-bring-down-that-emerging-expense-ratio?source=feed#comment-235106 235106 Wed, 20 Aug 2008 16:52:40 -0400 http://seekingalpha.com/article/91620-is-dollar-based-salvation-coming?source=feed#comment-234480 234480 Wed, 20 Aug 2008 02:13:21 -0400 http://seekingalpha.com/article/86766-amazon-overstock-gamble-may-pay-off?source=feed#comment-227101 227101 NY), and found for the first time that Amazon is charging me sales tax. In the past, I've bought big ticket items -- particularly electronics -- from AMZN because it's much cheaper than purchasing locally, largely due to the sales tax difference. Now I'm not sure I'd do this. Wonder whether this will have a big impact on AMZN's sales until it's resolved.

Any update on what's going on with the sales tax issue?]]> Sun, 10 Aug 2008 10:23:47 -0400 NY), and found for the first time that Amazon is charging me sales tax. In the past, I've bought big ticket items -- particularly electronics -- from AMZN because it's much cheaper than purchasing locally, largely due to the sales tax difference. Now I'm not sure I'd do this. Wonder whether this will have a big impact on AMZN's sales until it's resolved.

Any update on what's going on with the sales tax issue?]]> http://seekingalpha.com/article/89552-cisco-telepresence-coming-soon-to-a-home-near-you?source=feed#comment-224681 224681 Thu, 07 Aug 2008 02:20:00 -0400 http://seekingalpha.com/article/89552-cisco-telepresence-coming-soon-to-a-home-near-you?source=feed#comment-224680 224680 Thu, 07 Aug 2008 02:19:08 -0400 http://seekingalpha.com/article/88927-global-stock-markets?source=feed#comment-222622 222622 Mon, 04 Aug 2008 16:12:06 -0400 http://seekingalpha.com/article/87538-merrill-s-restructuring-needs-better-disclosure?source=feed#comment-217714 217714 Tue, 29 Jul 2008 16:11:36 -0400 http://seekingalpha.com/article/87236-5-key-quotes-from-netflix-on-the-movie-distribution-business?source=feed#comment-217109 217109

On Jul 28 06:52 PM Toni + wrote:

> "Flexplay disposable DVDs"
>
> Nice, more shit to pollute the planet.
>
> Fucking idiots.]]> Tue, 29 Jul 2008 02:19:18 -0400

On Jul 28 06:52 PM Toni + wrote:

> "Flexplay disposable DVDs"
>
> Nice, more shit to pollute the planet.
>
> Fucking idiots.]]> http://seekingalpha.com/article/87236-5-key-quotes-from-netflix-on-the-movie-distribution-business?source=feed#comment-216782 216782
www.videobusiness.com/...]]> Mon, 28 Jul 2008 16:02:35 -0400
www.videobusiness.com/...]]> http://seekingalpha.com/article/87397-second-quarter-earnings-season-performance?source=feed#comment-216752 216752 Mon, 28 Jul 2008 15:37:23 -0400