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David R.(Canada)

David R.(Canada)
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  • U.S. Inflation Remains Near Zero As Sequester Looms [View article]
    Yet another article written by an uneducated idiot!
    Inflation is zero?
    Maybe the writer should get an education in economics in something other than Keynesian. The writer could start by looking up the classical definition of inflation. Find an old dictionary (at least 40 yrs old) and read the original meaning; not the new, engineered definition.
    Inflation and Consumer Price Index are not the same thing and should never be used interchangably.
    Feb 24, 2013. 12:38 PM | Likes Like |Link to Comment
  • Silver Shorts Crisis In 2013? [View article]
    "The breakdown of the precious-metals markets." mentioned in the last paragraph of the article means what, exactly?
    Will gold and silver no longer be manipulated by the-powers-that-be?
    Will they lose control, allowing gold and silver prices to, finally, rise to the levels they should be?
    Or will the whole trading mess fall apart so there is no trading at all?
    Jan 2, 2013. 02:39 PM | Likes Like |Link to Comment
  • Returning The Dollar To The Gold Standard Is A Really Bad Idea [View article]
    Actually, the correct quote from Santayana is:
    "Those who cannot remember the past are condemned to repeat it."
    Aug 24, 2012. 11:45 AM | Likes Like |Link to Comment
  • Hey, Ho, Let's Gold! (So Says The Fed ... And Silver Too) [View article]
    I believe the biggest user of platinum is the automotive industry. If there's about to be a world-wide recession/depression, what will happen to auto sales?
    Is there a market out there for platinum as money, as there is for gold and silver? Silver, right now is going up because it's still considered by many as being real money, just as gold is. Industrial uses are affecting the prices less each day.
    I think it's time to start using some common-sense; a commodity that's certainly in short supply these days!
    Aug 23, 2012. 01:58 PM | Likes Like |Link to Comment
  • Gold continues to party as the weak Chinese PMI print overnight combines with yesterday's FOMC minutes to give rise to the idea of a lot more fiat paper chasing the same level of goods. The yellow metal (along with silver) has clearly broken through key technical levels as well. GLD +0.5%, SLV +1.6% premarket. [View news story]
    Many individuals are getting out of the game. How? By buying physical silver and gold and holding it outside of the banking system, no matter what the crooks are saying about when to buy or sell. Outside of the banking system means NOT in safety-deposit boxes.
    They are slowly coming to the realization that the system is broken and cannot be fixed (at least, it can't be fixed by the same people that created the problem in the first place). They ignore the flim-flam in the news media, they buy when there's a drop but continue to hold if the price goes up.
    Aug 23, 2012. 12:46 PM | Likes Like |Link to Comment
  • Natural Gas Prices: America's Energy Jackpot [View article]
    The "Progressives" do not like billionaires like Pickens, so they see everything he says in a negative light without even considering what he says.
    He is correct though. Those of us who see he's right can simply act on it as individuals and hope that everyone else will figure it out eventually. Invest your money in it, make your profits, and then listen to them scream about how "lucky" you are and that "You didn't build that!" etc.
    Aug 1, 2012. 12:19 PM | 1 Like Like |Link to Comment
  • Natural Gas Prices: America's Energy Jackpot [View article]
    North America does NOT need any level of government getting involved in this. The main reason we have this huge supply is because the government is not involved.
    Any government intervention will screw things up very quickly. Leave it alone and let market forces sort things out. That way it won't cost the taxpayer anything.
    Aug 1, 2012. 12:11 PM | 1 Like Like |Link to Comment
  • George Soros' remarkable speech on the "political bubble" of the EU: "The (current) political dynamic makes the disintegration of the EU just as self-reinforcing as its creation has been ... (however) the likelihood is that the euro will survive because a breakup would be devastating not only for the periphery, but also for Germany." He gives the Germans 90 days to come around. Worth the full read.  [View news story]
    I see! So, this mess is all due to the German's doing all the wrong things! (they are in fact, the only ones doing the right things).
    Soros probably has a bet, knowing as much about him as I do, on Germany going down the toilet just like the rest of Europe.
    Germany should separate from the Eurozone and take with them any others that WILL abide by strict economic rules.
    Then let the chips fall where they may!
    Jun 3, 2012. 03:45 PM | 8 Likes Like |Link to Comment
  • Tuesday's ETF To Watch: SPDR Gold Trust [View article]
    Many European banks, if they need to raise cash, have only one thing that's really liquid; gold.
    The PIIGS now have only one thing that's really liquid; gold.
    The new socialist leader of France is going to keep spending just as are all of the new leaders. If they cannot borrow the money they have only one thing that's liquid; gold.
    --If these geniuses refuse to balance their budgets expect a lot of gold to come onto the market.
    (Either that or it's time to create more "money".)

    In the last few days I've been sorely tempted to sell my gold ETF but, so far, I've resisted. The dividends certainly help.

    I think I'm going to stop reading the news for the next couple of weeks, and spend more time working in the garden. I'll sleep much better.
    May 15, 2012. 10:04 PM | 1 Like Like |Link to Comment
  • Gold Stocks As Yield Plays? [View article]
    Newmont Mining (NMC: TSX) hit a low this past week of $48.00 giving a yield of 2.92%. There are others that have yields approaching 3%.

    Why buy U.S. government debt when you can get a higher yield with a gold producer?
    May 12, 2012. 12:04 PM | 1 Like Like |Link to Comment
  • 'Civilized People Don't Buy Gold' [View article]
    Buffett made his millions/billions during the biggest bull market in centuries. Anyone can look like a genius when things are going well.

    But the next few years are going separate the men from the boys.
    Of course, he's about to retire and can blame any loses on his successor.
    May 6, 2012. 06:58 PM | Likes Like |Link to Comment
  • 'Civilized People Don't Buy Gold' [View article]
    US imports of oil can very quickly be shut off without the Keystone pipeline.
    The move by Iran (the REAL reason for the US-led sanctions against Iran) to accept currencies other than the petrodollar is a sign of the times. Look for more of this to happen in the very near future; like in the next 1-2 years. No-one will need or want the US dollar.
    The US electorate will be cursing the Obama administration for rejecting that pipeline.
    May 6, 2012. 06:54 PM | 1 Like Like |Link to Comment
  • 'Civilized People Don't Buy Gold' [View article]
    Sure, but you can't go to the Golden-Arches!
    May 6, 2012. 06:39 PM | 1 Like Like |Link to Comment
  • 'Civilized People Don't Buy Gold' [View article]
    Not a fair comparison. No-one with any brains puts all of their eggs in one basket.
    An intelligent person would own some of each.
    May 6, 2012. 06:38 PM | 3 Likes Like |Link to Comment
  • ETFs For Gold And Miner Stocks [View article]
    This article is much too limited in it's thinking!

    Try some of the Canadian gold miner and bullion/miner ETFs.
    Most are paying monthly dividends at a rate of 7-13%.
    May 2, 2012. 05:44 PM | Likes Like |Link to Comment