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  • Gold ETFs Pause Near $1,800 An Ounce; Goldman Says Stay Long  [View article]
    Yes, I have seen that. Could you tell me then why all central banks are buying gold. China, India, Russia, Mexico and even bankrupt Greece bought gold. Central Banks don't invest in land or oil but keep their reserves in currencies.
    Anyway, as I said before, it doesn't matter what you or I think about gold. What matters is that the everybody in the newly rich Asia thinks of gold as money and they will keep buying. Central Banks will continue to buy as well and prices will go higher, just my view.
    Nov 16, 2011. 01:35 PM | 1 Like Like |Link to Comment
  • IBM: I'm With Warren On This One  [View article]
    He was mega successful but in the past. Lately he is just losing money and he has become a crony capitalist and nothing more.
    Nov 16, 2011. 03:44 AM | Likes Like |Link to Comment
  • Traders Extremely Bullish On Gold For Next Week  [View article]
    They will demand and they will get their dollars and eventually inflation will be very high. The timing of this is uncertain by can't be more than a couple of years really. This has been done a million times in various places in the world and the outcome is always the same - high inflation. It is really funny when QE is called unconventional. First of all it is mega conventional and even the Romans debased their currency by decreasing the amount of silver from 95% to 0.02% - this is your perfect QE. Second the FED always prints money as can easily be identified by their balance sheet which grows like there is no tomorrow. QE is just money printing and nothing more or less. I apologize for saying it but Avi doesn't know what he is talking about.
    Nov 15, 2011. 07:40 PM | Likes Like |Link to Comment
  • Traders Extremely Bullish On Gold For Next Week  [View article]
    I don't want to enter into elementary arguments here but for the record I would like to mention that QE=MP and MP is Money Printing. The money is of course not printed literally but created in electronic format like most things these days. By doing this kind of financial magic that FED has created $2 trillion dollars in the last 3 years or so. The monetary base started at 800 bio and is now 2.8 trillion or so. Which is why the price of gold has gone up and will continue to go up most likely. Attempts to inflate the debt bubble and maybe we can follow that with some hard defaults.
    Nov 15, 2011. 05:12 PM | Likes Like |Link to Comment
  • IBM: I'm With Warren On This One  [View article]
    Buffet is not really an investor any more. He is just a player. How can you seriously say that you decide to invest 5 billion in BAC while resting in the bathtub. Doesn't serious investing require hard work, analysis, number crunching and all that crap. That BAC deal smelled from a mile. But then again, that was probably what attracted WB to it.
    Nov 15, 2011. 04:29 PM | Likes Like |Link to Comment
  • Italian CDS spreads jump above 600 basis points for the first time, now at 601 basis points as yields on the country's 10 year paper rise above 7% again. For reference, Irish and Portuguese CDS pricing was at 600 basis points in mid-April.   [View news story]
    Well, Italian debt is like 120% of GDP. At 7% debt and assuming that they have 0 primary deficit that means that they will have 8.4% deficit for the year! This is not pretty.
    I think that the EU will try to help but the Italian politicians will need to make some changes. Who knows if they will. Look at Greece, we have seen 0 reforms so far.
    Nov 15, 2011. 04:00 PM | Likes Like |Link to Comment
  • IBM: I'm With Warren On This One  [View article]
    Does anyone know what is WB's return year to date? I doubt it is good but just curious.
    Nov 15, 2011. 03:55 PM | Likes Like |Link to Comment
  • Traders Extremely Bullish On Gold For Next Week  [View article]
    well, if it comes to evaporation we are going to send helicopter Ben! don't you worry about that. the people who talk about deflation are smoking some illegal stuff. Check this
    Nov 15, 2011. 03:52 PM | Likes Like |Link to Comment
  • Is Gold Set To Push Higher?  [View article]
    I think that for an investor in gold to call what is going to happen over the next 24 hours is impossible. People try to use technical analysis for that but you might as well look at the moon for the answer. If you want to invest in gold (or not for that matter) you need to make up your mind based on what is going on around the world and what you know about the economy. Get a plan and execute it. If the plan is to buy gold, decide how much you want to buy and start buying on dips and do it.
    With what is going on around us gold looks very cheap to me. I think 2500 next year and 5000 by 2015. I don't really think highly of CNBC (they just tell you what is going on in this very second but no views and no logic at all) but they were just talking about the FHA - looks like that one is bankrupt too. Ohh well.Since you are asking if you can trust the experts my quick answer is that they are either clueless or liars. For example, Soros was talking about the gold bubble and at the same time buying gold. He was basically hoping to push the price down and get it a bit cheaper. In the case of gold the views shouldn't change every 24 hours as all the information about the world economy is out there. You can do some reasonable analysis.
    Nov 15, 2011. 02:35 PM | 3 Likes Like |Link to Comment
  • Why Gold Should Set New Highs For The Holidays  [View article]
    2000 gold ... no doubt. My target for next year is 2500 and we are likely to see 5000 by 2015. I think that these are very reasonable targets.
    Nov 15, 2011. 12:56 PM | 2 Likes Like |Link to Comment
  • Gold ETFs Pause Near $1,800 An Ounce; Goldman Says Stay Long  [View article]
    There is no doubt that a the several best stocks in the market will outperform gold. I don't know what the next AAPL will be but it is likely to go up more than gold. What I mean is that gold has outperformed equity indexes and I also think that it will continue to do that. I don't think that gold is even close to a bubble. Eventually it is likely to go much higher. Gold is a currency. Of course, not everybody thinks of it that way but obviously all Central Banks do and keep it in their FX reserves. The billions of people in Asia also think so and they vote with their money. So, gold is a currency for the people that matter and it likely to go up simply because no central bank can print it.
    Nov 15, 2011. 12:44 PM | 1 Like Like |Link to Comment
  • Traders Extremely Bullish On Gold For Next Week  [View article]
    Supposedly Paulson has sold 1/3 of his gold investmenthttp:// I am not sure what he is going with the rest of his gold but there are several possibilities:
    1. He has a lot of redemptions + faces some margin calls and will have to sell more.
    2. He has changed his mind and will sell more.
    3. He is done selling.
    His fund is performing very poorly (only making money in gold and losing in his other investments). What he does is not important for the long term trajectory of gold but perhaps it is better to have people like him out as hedge funds are not strong hands these days.
    Nov 15, 2011. 05:08 AM | Likes Like |Link to Comment
  • Gold ETFs Pause Near $1,800 An Ounce; Goldman Says Stay Long  [View article]
    The thing with gold is that it has volatility and sometimes goes up and other times down. Sometimes it trades with stocks and other times it doesn't. After all the volatility and talk gold is up more than 25% and stocks are up nothing. To say that gold has lost its safe haven status because of some short dated correlation with shares is crazy. Gold has been a store of value for 5000 years and its history speaks for itself.
    Nov 14, 2011. 06:18 PM | 1 Like Like |Link to Comment
  • Is Gold Set To Push Higher?  [View article]
    Don't worry about MF Global. It is just a misunderstanding. They are looking for the $600 mio missing behind the couch in Corzine's office, as we speak. The CFO dropped the money there by accident. All is well. Let's hope that the office cleaners haven't thrown it in the garbage with all the shredded documents.
    Nov 14, 2011. 01:02 PM | 3 Likes Like |Link to Comment
  • Is Citigroup Now The Best In Financials  [View article]
    C and BAC are not great investments. It is impossible to understand what risks they have on the books, how they mark to market their exposures or how much is their legal risk. Even the CEO's and CFO's have no idea in my opinion. Book value means nothing. This is not investing but pure gambling ... better go to Vegas.
    Nov 14, 2011. 12:36 PM | 3 Likes Like |Link to Comment