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John Leszar

John Leszar
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  • Futures slip, gold gains after Ukraine vote [View news story]
    California was historically part of Mexico and over 50% of the entire state population are now Hispanic. Even far more Hispanics live in the in southern half of California. I don't think it would be a good idea for part of California to succeed from our country.

    The Ukraine is not much different. In addition to Crimea (which is geographically and economically strategic, the eastern half of Ukraine is Russian speaking too. Should we let the Russians have that too?

    The are other countries that were part of Russia and are now happy not to fall under the the brutal power of the Russians. This is a lot more serious than is being suggested. Although it certainly fits with the amateurish foreign policy of the current administration.
    Mar 16 10:28 PM | 6 Likes Like |Link to Comment
  • Still Holding Short-Term Treasuries? Lose The Risk And Choose This Instead [View article]
    If you really are in Paris, it would explain why you are so out of touch with the real economy here in America. Most everyone that I know are hanging on by a thread. The only people doing "better" are the ones that are getting all of the government handouts courtesy of the few that are still working via the Obama administration. Wait until the "Affordable" Care Act really kicks in. That ought to deliver this nation in a hand basket to it's final destination.
    Oct 29 02:13 PM | 6 Likes Like |Link to Comment
  • 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!)
    Oct 31 03:11 PM | 6 Likes Like |Link to Comment
  • What You Need In Order To Retire Before Age 65 [View article]
    Mostserene1, I think you are a little confused about SS "excess funds". Since the Social Security program began, the contributions have exceeded the monthly payouts. Of course they did, because there were more people paying into the fund than who were receiving the benefits. In theory, all of those funds should be sitting in a huge multi-Trillion dollar Trust fund.

    But the "trust fund" was raided and spent by the government. Sure they gave us Treasury notes in exchange. Would you like to collect on that? Good luck, because it is part of the $15.5 Trillion National Debt. To make matters worse, it appears the only way out of this mess is for the taxpayer to be taxed again for the SS taxes that were 'borrowed'.

    Social Security is the biggest Ponzi scheme that has ever been perpetuated on our citizens. You may believe there are surplus monies in the Social Security program, but I don't.
    Apr 5 06:26 PM | 6 Likes Like |Link to Comment
  • What You Need In Order To Retire Before Age 65 [View article]
    I've checked the facts:
    "(CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency.
    The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office."
    Worse yet, there is no relief in sight and the national debt is expected to hit $16.3 trillion during 2012.

    I do like your retirement portfolio suggestion though........

    John
    Apr 5 03:59 PM | 6 Likes Like |Link to Comment
  • Silver: Breakout Or Breakdown? [View article]
    Jack,
    I know what you are trying to suggest to Avi and I agree. Avi has fallen into the trap of responding with arrogance. It would be better to explain what he is talking about instead of making mocking remarks to those that disagree with him.

    One other thing. Avi should try to "educate the ignorant." Ignorance is just lacking knowledge about a subject: uninformed. Ignorance is okay; stupid is not. Avi seems to treat detractors as if they are all the latter.
    Aug 2 04:08 PM | 5 Likes Like |Link to Comment
  • Annaly: Buy This High-Yielder After The Next Capital Raise [View article]
    And if they own the stock, people accuse them of trying to manipulate the price. Damned if they do and damned if they don't.
    Apr 27 09:16 PM | 5 Likes Like |Link to Comment
  • Silver: Breakout Or Breakdown? [View article]
    Spamwich. I tried the free subscription and felt like I was back in high school, surrounded by a bunch of people who thought they were pretty 'cool.'

    I also have to admit that Avi often comes across as pretty arrogant. After following his articles for quite some time, I've come to realize that his predictions are constantly changing. I can do that just as well on my own.
    Aug 2 03:44 PM | 4 Likes Like |Link to Comment
  • 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.
    Aug 9 11:08 PM | 4 Likes Like |Link to Comment
  • What You Need In Order To Retire Before Age 65 [View article]
    That's true if you believe the mainstream media, which has been distorting the "benefits" of Obamacare. But recently the nonpartisan Congressional Budget Office calculated that Obamacare costs will exceed $2 trillion over the next 10 years (not the $900 Billion the administration had claimed). There's no such thing as a free lunch. Medical costs will continue to increase.
    BTW, current law allows a retiring employee to purchase COBRA for the 36 months prior to their 65th birthday.
    Apr 5 03:46 PM | 4 Likes Like |Link to Comment
  • Reversal: Gold shoots higher following jobs number [View news story]
    Strong job numbers?
    The labor force participation rate fell by 0.4 percentage point to 62.8 percent in April. The amount of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month.
    
    The sharp drop in unemployment numbers, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed.
    May 2 07:28 PM | 3 Likes Like |Link to Comment
  • Precious metals see a bout of major buying, with gold (GLD +1.5%) jumping about $25/ounce in the past few minutes, and silver (SLV +4.8%) soaring nearly a $1. Bearish for some time, Mark Dow reminds gold has been going down for 2 years, but the decline has only recently made the headlines. Gold's post-QE run was built on a number of misconceptions which have all cracked. The longs (silver too) are trapped and the bear market isn't close to over.
      [View news story]
    Oh my,
    The "printing press" is not actually a printing press. It is an expression of when the Federal Reserve injects liquidity into the economy through various means. And they are doing it BIG Time through Quantitative Easing. The Fed is creating something out of nothing because they buy things with money they don't have.Their "balance sheet" is smoke and mirrors!
    Also, if you don't believe there is inflation, you must not have gone grocery shopping lately.
    Jun 28 03:03 PM | 3 Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    Hobart16,
    It is your straw man argument to compare environmental costs with the US Treasury Debt. Aside from the fact that just about anything would pale in comparison to that debt, there is no direct relationship and it is irrelevant.

    If you know what the environmental surcharge for doing business in the US is, then tell us what it is and we all can decide how insignificant it is. My personal experience in financing projects for builders and developers, is that it is a significant burden. The end user, the public, foots the bill and nobody really connects the costs versus the benefits. I'm certainly not opposed to good environmental policy. But I have seen some environmental policies that are enormously expensive and result in few benefits.

    Our debate parameters? You don't get to decide what I post here. You are the one who raised the environmental cost issue. Maybe I should suggest in return that you need to "try and stay focused on the point?"
    Aug 6 07:12 PM | 2 Likes Like |Link to Comment
  • Don't Buy This Dip: The Fed Is Not Your Friend [View article]
    Hi gofx,
    Yes, I would have to agree that to argue a $535 million grant versus a direct subsidy for Solyndra is quibbling. The net effect is the same: a huge loss for the taxpayers. Just one of many examples I could produce.

    The bottom line is the government is picking winners and losers. They have never been good at that.
    Aug 6 06:48 PM | 2 Likes Like |Link to Comment
  • Precious metals outlook boosted at Nomura [View news story]
    Captain. I read everything you write, TWICE. Thanks for your words of wisdom. I appreciate them very much.
    Mar 5 07:22 PM | 2 Likes Like |Link to Comment
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57 Comments
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