Silver: Looks Like Lower Levels Will Be Seen [View article]
Avi, Why didn't you answer that question when I asked it last week instead of sending me to Elliottwavetrader.net? Posting a question there didn't work either so I dropped my trial subscription. I enjoy reading your articles. But, with all due respect, if you won't share your fundamental index, I can't follow the concept. Why did you wait until today to add this important (but not totally defining) comment to your article: "As an aside, I want to make sure everyone realizes that my levels in silver relate to silver mini-futures." Great! We are making progress. But what the heck is YI? I'm not the only person that needs an answer...just one that is not too insecure to ask.
Silver: Last Chance For Immediate Breakout [View article]
Avi, I really enjoy your articles and recently signed up for a trial subscription to elliotwavetrader.net. I'm like KSoze, having trouble understanding the levels that you refer to. Therefore, nothing makes sense. Specifically. what month future for silver? What the heck is a YI fut? I thought you were using April2013 and recently switched to May2013. Is that correct? If that is true, what will happen next month.....there is no June2013 future! Yikes! That's probably the dumbest question you've had all day.
Even as his hand has gone ice-cold picking stocks, John Paulson's stake in gold (GLD) has served as a positive counterweight for his funds. That's no more as gold's slide (along with the miners - GDX) spurred an 18% decline in his Gold Fund in February, and is now down 26% YTD, reports Bloomberg. "We believe in the long-term outlook for these positions as QE programs continue around the world," he writes to clients. [View news story]
Providing an example of inflation is not "whining" The issue was inflation, not relative prices worldwide. Just because you have to import most of your gasoline in Australia and the prices are higher doesn't make our inflation any less.
Even as his hand has gone ice-cold picking stocks, John Paulson's stake in gold (GLD) has served as a positive counterweight for his funds. That's no more as gold's slide (along with the miners - GDX) spurred an 18% decline in his Gold Fund in February, and is now down 26% YTD, reports Bloomberg. "We believe in the long-term outlook for these positions as QE programs continue around the world," he writes to clients. [View news story]
Geoffster-Why do you say "to a lesser extent, silver?"
Even as his hand has gone ice-cold picking stocks, John Paulson's stake in gold (GLD) has served as a positive counterweight for his funds. That's no more as gold's slide (along with the miners - GDX) spurred an 18% decline in his Gold Fund in February, and is now down 26% YTD, reports Bloomberg. "We believe in the long-term outlook for these positions as QE programs continue around the world," he writes to clients. [View news story]
"A lot of money has been created but clearly not enough to jump start inflation"???
Apparently you have not been to the grocery store lately nor have you bought gas for your car. Geez, what a ridiculous thing to say.
Interesting action in the precious metals had them continuing overnight a sharp fall begun after FOMC minutes suggested an earlier-than-expected end to Fed candy. This reversed with the 8:30 jobs report which showed still-sluggish employment growth. Gold has since bounced $21 to $1,651, though still off 1.4% on the session. Silver jumps $0.70, but remains -2.6%. [View news story]
If we are doomed, it is because people like you advocate for a society that is willing to murder babies, 58 million of them so far. Take a look at the pictures of aborted "fetuses" that look like babies and tell me that you would take part in such 'procedure'.
Quit trying to justify your decision to support infanticide based on false economics and try looking at the moral side for a change.
Woodyj, Not to make excuses for Bush, because he signed every spending bill the Democratic controlled Congress sent to him, but Obama wins the prize for spending with no end in sight. And the clowns are at it again: kick the can down the road regardless of which party they belong to.
Silver Trading Range Ready To Change [View article]
Mark Thomas, I have been on a slow learning curve with precious metals for the past couple of months. I've been reading everything I can so that I could be in a position to invest wisely. Your article was excellent! Thank you for such an in depth analysis. It really helped me understand why I need to get into this segment of the market. I jumped in today in a small way and will follow with more shortly. (My wife doesn't know it yet but she'll be investing in silver pretty soon too!)
'Too Good To Be True' Income Usually Is [View article]
You are probably right, Bruce. But I can tell you that when banking-regulator auditors go through a bank's loan portfolio they have always made the bank rate loans according to their quality. Loans that are under-collateralized or if the borrower's ability to repay is questionable, the banks have to write down the anticipated loss. Often they have to take the entire loan off their balance sheet. This would have basically the same effect as the FASB rule.
I'm fairly certain this has not been done with the banks because many of them would be undercapitalized. The banks would be forced to close. The FDIC doesn't have enough money to protect all of the depositors or coerce another bank to buy them. The government has simply propped up the banks by giving them free funds. In Oregon, many of the banks have used this cash infusion to build more branches.
So the BDC's were treated unfairly through the FASB rule and the banks have been treated with kid gloves. A little off topic maybe, but your FASB comment got me thinking.
'Too Good To Be True' Income Usually Is [View article]
Bruce, has the FASB rule ever been applied to banks with respect to all of their overvalued real estate portfolio? If not, it seems to me that our government has been allowing banks to hold onto their portfolios of properties that the market value at 50% or less than book value. The banks here in Oregon have delayed foreclosures and dragged out the sales of "short sales" properties for years.
It is my opinion that the government is complicit in delaying the inevitable write-down of loans that they encouraged everybody to make and/or obtain.
Of course, how can we trust a government that buys 61% of the Treasury debt with money they don't have? (Yes, I realize that the FED is not the government but just a private club.)
Why American Capital Agency Is A Better Buy Than Annaly Capital [View article]
Michael, Thanks for your comments regarding Jonk. You appear to have a lot of followers who are quick to come to your defense. I didn't see any "rude" comments that Jonk made nor do I think he should be banned as one of your supporters suggested. Perhaps they should be lighten up a little bit. I sense that they have long-festering issues with him. I really don't care. I'm here to expand my education and comments are sometimes more beneficial than the article. I thought Jonk's comments made a lot of sense and they helped me understand AGNC and NLY a little more. So did your article. Good job.
Plump 14.40% Dividend Yielding Stock For Retirees [View article]
Kwm3-I'm not sure calling somebody an idiot is very nice. I thought Willirup was just trying to be funny. Maybe you've seen some other comments that would cause you to want to "ignore, dismiss and block this guy" but based solely on this comment, I didn't take offense. But I thought yours was rude.
Dividend Growth Investors Should Avoid Altria [View article]
njja How many "last comments" are you going to make? I though you were going to quit after your July 5th comment. In any event, I agree with you that MO has been a great stock. It may continue to be in the future. But I also think Richjoy is correct by saying not to ever, ever, ever fall in love with a stock. Emotions can get a guy into trouble in the stock market. Analytics can too, but at least they are based on facts. I like tangible things, like the money I made off of my MO holdings when I sold them. I loved the dividends but the numbers were starting to make me nervous. I felt the party was over...at least for a while.
Dividend Growth Investors Should Avoid Altria [View article]
njja -- Thanks for ending the discussion. So far all I've learned from your posts is that: You are a millionaire. You drive a Ferrari. You've made a ton of money from your investments.
I wonder if you ever think how these types of statements come across and how irrelevant they are? Richjoy403, on the other hand, sticks to the facts.
Silver: Looks Like Lower Levels Will Be Seen [View article]
Why didn't you answer that question when I asked it last week instead of sending me to Elliottwavetrader.net? Posting a question there didn't work either so I dropped my trial subscription.
I enjoy reading your articles. But, with all due respect, if you won't share your fundamental index, I can't follow the concept. Why did you wait until today to add this important (but not totally defining) comment to your article:
"As an aside, I want to make sure everyone realizes that my levels in silver relate to silver mini-futures."
Great! We are making progress. But what the heck is YI? I'm not the only person that needs an answer...just one that is not too insecure to ask.
Silver: Last Chance For Immediate Breakout [View article]
I really enjoy your articles and recently signed up for a trial subscription to elliotwavetrader.net. I'm like KSoze, having trouble understanding the levels that you refer to. Therefore, nothing makes sense. Specifically. what month future for silver? What the heck is a YI fut? I thought you were using April2013 and recently switched to May2013. Is that correct? If that is true, what will happen next month.....there is no June2013 future! Yikes! That's probably the dumbest question you've had all day.
Even as his hand has gone ice-cold picking stocks, John Paulson's stake in gold (GLD) has served as a positive counterweight for his funds. That's no more as gold's slide (along with the miners - GDX) spurred an 18% decline in his Gold Fund in February, and is now down 26% YTD, reports Bloomberg. "We believe in the long-term outlook for these positions as QE programs continue around the world," he writes to clients. [View news story]
Even as his hand has gone ice-cold picking stocks, John Paulson's stake in gold (GLD) has served as a positive counterweight for his funds. That's no more as gold's slide (along with the miners - GDX) spurred an 18% decline in his Gold Fund in February, and is now down 26% YTD, reports Bloomberg. "We believe in the long-term outlook for these positions as QE programs continue around the world," he writes to clients. [View news story]
Even as his hand has gone ice-cold picking stocks, John Paulson's stake in gold (GLD) has served as a positive counterweight for his funds. That's no more as gold's slide (along with the miners - GDX) spurred an 18% decline in his Gold Fund in February, and is now down 26% YTD, reports Bloomberg. "We believe in the long-term outlook for these positions as QE programs continue around the world," he writes to clients. [View news story]
Apparently you have not been to the grocery store lately nor have you bought gas for your car. Geez, what a ridiculous thing to say.
Currency Wars: Precious Metals Accelerate As Global Equity Cataclysm Merely Pushed Out [View article]
Interesting action in the precious metals had them continuing overnight a sharp fall begun after FOMC minutes suggested an earlier-than-expected end to Fed candy. This reversed with the 8:30 jobs report which showed still-sluggish employment growth. Gold has since bounced $21 to $1,651, though still off 1.4% on the session. Silver jumps $0.70, but remains -2.6%. [View news story]
Quit trying to justify your decision to support infanticide based on false economics and try looking at the moral side for a change.
Buy Today's Sell-Off In Silver [View article]
Not to make excuses for Bush, because he signed every spending bill the Democratic controlled Congress sent to him, but Obama wins the prize for spending with no end in sight. And the clowns are at it again: kick the can down the road regardless of which party they belong to.
Silver Trading Range Ready To Change [View article]
I have been on a slow learning curve with precious metals for the past couple of months. I've been reading everything I can so that I could be in a position to invest wisely. Your article was excellent! Thank you for such an in depth analysis. It really helped me understand why I need to get into this segment of the market. I jumped in today in a small way and will follow with more shortly. (My wife doesn't know it yet but she'll be investing in silver pretty soon too!)
'Too Good To Be True' Income Usually Is [View article]
I'm fairly certain this has not been done with the banks because many of them would be undercapitalized. The banks would be forced to close. The FDIC doesn't have enough money to protect all of the depositors or coerce another bank to buy them. The government has simply propped up the banks by giving them free funds. In Oregon, many of the banks have used this cash infusion to build more branches.
So the BDC's were treated unfairly through the FASB rule and the banks have been treated with kid gloves. A little off topic maybe, but your FASB comment got me thinking.
'Too Good To Be True' Income Usually Is [View article]
It is my opinion that the government is complicit in delaying the inevitable write-down of loans that they encouraged everybody to make and/or obtain.
Of course, how can we trust a government that buys 61% of the Treasury debt with money they don't have? (Yes, I realize that the FED is not the government but just a private club.)
Why American Capital Agency Is A Better Buy Than Annaly Capital [View article]
Thanks for your comments regarding Jonk. You appear to have a lot of followers who are quick to come to your defense. I didn't see any "rude" comments that Jonk made nor do I think he should be banned as one of your supporters suggested. Perhaps they should be lighten up a little bit. I sense that they have long-festering issues with him. I really don't care. I'm here to expand my education and comments are sometimes more beneficial than the article. I thought Jonk's comments made a lot of sense and they helped me understand AGNC and NLY a little more. So did your article. Good job.
Plump 14.40% Dividend Yielding Stock For Retirees [View article]
Dividend Growth Investors Should Avoid Altria [View article]
In any event, I agree with you that MO has been a great stock. It may continue to be in the future. But I also think Richjoy is correct by saying not to ever, ever, ever fall in love with a stock. Emotions can get a guy into trouble in the stock market. Analytics can too, but at least they are based on facts.
I like tangible things, like the money I made off of my MO holdings when I sold them. I loved the dividends but the numbers were starting to make me nervous. I felt the party was over...at least for a while.
Dividend Growth Investors Should Avoid Altria [View article]
You are a millionaire.
You drive a Ferrari.
You've made a ton of money from your investments.
I wonder if you ever think how these types of statements come across and how irrelevant they are?
Richjoy403, on the other hand, sticks to the facts.