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ekimnaj

ekimnaj
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  • Asset growth and scale allows Vanguard to cut fees on its FTSE Emerging Markets Index ETF (VWO) along with seven others. The fund's drop to 0.18% from 0.20% makes it considerably cheaper than iShares' EEM (at 0.69%), which had been drawing assets from VWO as Vanguard started to re-benchmark on FTSE. The drop in fees also means VWO is now comparable in price to iShares' IEMG, though Schwab's SCHE is still the cheapest option in the space at 0.15%. [View news story]
    Maybe if the fees went negative I could make some money this year.
    Mar 1 10:09 AM | Likes Like |Link to Comment
  • The CME cuts the initial margin for gold (GLD) to $5,940 from $6,600 and silver (SLV) to $10,450 from $12,100. Maintenance margins are cut by a similar ratio for both metals as well. [View news story]
    Yes please, what does that mean?
    Feb 8 08:33 AM | Likes Like |Link to Comment
  • A sliding dollar is of no help to sensitive commodities, all tumbling in early trade. GLD -1.4%, SLV -2.2%, USO -1.2% premarket. [View news story]
    Gold:
    1) will fluctuate wildly in value, just look at the 2012 yearly chart, so far;
    2)as opposed to a stock of a company, will never be held hostage to,say, a greedy imbecile of a CEO, a smarter competitor with a better product, or new, unanticipated product line that makes gold obsolete;
    3) won't evaporate or burn, will still be there even if submerged in salt water for a few thousand years;
    4) could lose value for a time if almost everyone decides that Colorado pot companies, water for the west, some super new solar cell, or even tulip bulbs will bring instant and nearly infinite wealth;
    5) I am hugely into gold. I sleep well. I know I could lose a bunch, but then who is so clever as to avert that possibility with high certainty.
    6) the history of nations would make me uncomfortable trading my gold for dollars, euros, etc. I might consider Canadian farmland but they won't let me.

    e
    Dec 4 02:26 PM | Likes Like |Link to Comment
  • "It's a great time to be issuing high-yield debt but not to be investing in it," says a P-E honcho, as European bank debt is the latest to benefit from investor's quest for any sort of yield. Of note, recently bailed-out Bank of Ireland found strong demand this week for $1.3B of bonds. "The markets have seen this movie before," writes Jason Zweig. Previous: The worm may have turned for high-yield. [View news story]
    Meanwhile, some force(s) unknown to physics or to economics keep pushing gold down. There is a lot of potential energy being stored up as prices and rates are being artificially pushed in a direction contrary to the reality of the situation.
    Eventually there is going to be a fireball of a reaction.

    One might guess that the dollar will dive, rates will rise and gold will suddenly defy gravity.

    If I'm wrong, I'm going to lose some money.

    E
    Nov 16 02:33 PM | Likes Like |Link to Comment
  • U.S. credit risk appetite remains on the "cusp of euphoria," says Credit Suisse, as its proprietary indicator hits levels not seen since mid-2007 and late-2009. Typically, says the bank, now is about the time to start to look for signs of exhaustion. [View news story]
    Speculatively, long term gold.
    If you live in Canada, the farmland ETF available only there.

    Otherwise, I hope someone else has a useful comment, as I just don't know.

    E
    Nov 13 09:08 AM | Likes Like |Link to Comment
  • S&P warns about "hot money" in the high-yield bond ETF sector (HYG, JNK), saying the ease with which investors can buy and sell creates "new and risky dynamics" in that area of fixed income. Not so fast, writes Brendan Conway, pointing out S&P is just operating on a hunch. Moody's earlier attempt at laying blame on JNK for volatile action fell flat. [View news story]
    Hmm, does this mean the HYB ETFs might fluctuate? Maybe their fluctuation frequency and amplitude will or will not change.
    This is news?

    e
    Nov 8 09:18 PM | Likes Like |Link to Comment
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