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  • Precious Metal Miners With Exposure To Argentina  [View article]
    “…the International Monetary Fund issued a declaration of censure against Argentina …for failing to supply accurate economic data.The IMF seems to believe that Argentina has continually misrepresented inflation rates and GDP growth.”

    Since the US and UK governments are doing the same thing, will the IMF also censure those countries too? Why single out the Argies?
    Feb 19, 2013. 07:30 AM | 1 Like Like |Link to Comment
  • Gold Ready To Climb? 20 Gold Stocks With Big Upside  [View article]
    PZG is strongly tipped by some as a buyout prospect, with a target price of around $8-10. I hold some on a purely speculative basis, but I suspect I could be waiting a long time to see any action.
    Feb 18, 2013. 09:11 AM | Likes Like |Link to Comment
  • Don't Believe The Hype In Gold  [View article]
    "@EconJoker : who is your comment targeting? me or MI? Confused? "

    He was referring to the guy, who thinks there is no inflation. His wife must buy the groceries because otherwise he would have noticed that in the real world where real people do real shopping, prices are inflating.
    Jan 7, 2013. 08:52 AM | 5 Likes Like |Link to Comment
  • The Cliff Agreement And Gold  [View article]
    "If the debt ceiling is resolved and taken off the table for a year, we will have:

    Rising employment.
    A budding housing recovery.
    Fragile green shoots in Europe."

    That seems one of the most unlikely scenarios possible. To take the debt ceiling problem away means having to do something about the debt and deficit. Just removing the ceiling itself is not it. The problem is the spending itself, not the ceiling which caps it.
    Jan 4, 2013. 07:56 AM | 1 Like Like |Link to Comment
  • The Cliff Agreement And Gold  [View article]
    Dave- good article thanks. I have added you to my follow list because I like your straight approach and am looking forward to your forthcoming artcle on the miners.

    Could you comment more specifically on:
    1. CEF (and GTU) closed end funds. Someone mentioned them higher. They are demonstrably backed to a 95%+ degree, and do not employ weasle words in their trust documentation but are very clear. This is in complete contrast to GLD. Albeit I don't think you can redeem real metal for shares in CEF or GTU, and this may be your main concern.

    2. Would be interested in your reply you have to jeffca ^
    Jan 3, 2013. 02:23 PM | Likes Like |Link to Comment
  • Brien Lundin: Pick Up Junior Gold Mining Bargains Now  [View article]
    "I like CGR and EGPLF because they can fund their growth without selling additional shares."

    That's exactly why I replaced BRD with CGR in my portfolio, after seeing my shareholding diluted.
    Dec 31, 2012. 02:23 AM | Likes Like |Link to Comment
  • Before The Gold Rush: Don't Let The Recent Pullback Bring You Down  [View article]
    I wonder if the timing of this revision is significant?
    Are the trustees of GLD already aware their fund will be in big trouble and they are preparing in advance of a huge black hole being discovered?
    Dec 20, 2012. 11:43 AM | Likes Like |Link to Comment
  • Betting On A Dollar Crash And Consequent Gold Bull In 2013? Don't.  [View article]

    "[gold] only worth what others are willing to pay you for it!! "

    Sounds nice but that statement actually applies just as fully and accurately to any traded asset, including currencies, commodities, stocks and bonds. That statement describes exactly how markets work regardless of what is being bought and sold.
    Dec 20, 2012. 10:58 AM | Likes Like |Link to Comment
  • The Gold Bubble: Why It Just Won't Burst  [View article]
    "Also, bubbles are formed when market participants buy an asset only because they plan on selling it at a higher price without regard to fundamentals or underlying risks."

    True, but we have never seen more positive fundamentals for gold as right now. With so few people invested in PMs, and so little of the available global capital invested in PMs, it is very likely that most gold investors are only in it precisely because they are keenly aware of the fundamentals and risks. So your comment does not support your argument IMO.

    "...9 out of 10 people invested in gold just want to sell it at a higher price."

    I like your 9/10 statistic, but lets be serious for a moment - have you heard of anyone ever making investments in something because they want to sell at a lower price? Such a person has probably already signed power of attorney over to their closest sane relative, and I think they would be involved in any investment decisions so unlikely that could ever happen.
    Dec 14, 2012. 03:08 AM | 5 Likes Like |Link to Comment
  • Why QE3 Will Not Happen  [View article]
    I can't disagree with much of that, Denny. It seems a similar malady pervades most other developed nation democracies too. The machinery of democracy has become an industry in itself which only serves the power / money hungry elite, instead of a mechanism for citizens to elect a government to serve them.
    Dec 13, 2012. 08:44 AM | 3 Likes Like |Link to Comment
  • The New Seeking Alpha Portfolio iPhone App  [View article]
    People getting paid with your tax money are not the ones working for a living on productive activities, so they would be unlikely to use Blackberries. Apple, on the other hand, is the brand of choice for the zombie economy - because iphone the is optimised for social media, web surfing, games, leisure apps and the image conscious consumer market.
    Dec 13, 2012. 08:18 AM | Likes Like |Link to Comment
  • Negative Real Interest Rates Continue To Drive Gold's Price  [View article]
    Thank you, but discerning readers will already be aware that comments by jhooper are far superior - by several orders of magnitude.
    Nov 23, 2012. 09:17 AM | 1 Like Like |Link to Comment
  • An Aggressive Play On Silver Appreciation  [View article]
    I looked up stock symbol "paqy" but it wasn't recognised on Yahoo! Finance.
    Nov 23, 2012. 09:16 AM | Likes Like |Link to Comment
  • Gold Miners Are Struggling, But Yamana Is A Buy - Here's Why  [View article]
    I agree AUY is one of the best gold miners, but I disagree that now is a good time to buy - precisely because it has delivered good results recently. Surely better to pick it up when it has underperformed and is available at a discount to other, less sound miners.

    I would suggest a company which fulfills such a criteria right now is IAG.

    disclosure: I don't own either presently.
    Nov 23, 2012. 09:16 AM | 2 Likes Like |Link to Comment
  • Negative Real Interest Rates Continue To Drive Gold's Price  [View article]
    Financial repression seems to be the order of the day now, and has been an innevitability for years. Governments know that the only way they can keep their head above water (and keep their countries from imploding in the short term) is to trick their populations by redistributing their wealth without them realising what’s going on (as far as possible, at least). This is why official statistics cannot be trusted as they are designed to draw a veil over this deliberately.
    Nov 20, 2012. 11:03 AM | 4 Likes Like |Link to Comment