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johnybutts

johnybutts
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  • How To Build A GLD-Free Gold Bug Portfolio [View article]
    How is this possibly an editor's pick SA article?

    1) Throw dice to get a bunch of gold ETFs which have been in existence 3 years.
    2) Copy and paste ETF description from other website
    3) List historical returns
    4) Project returns 30 years in the future
    5) Disclaim everything/Disclose nothing
    6) Publish
    Sep 19 03:36 PM | 12 Likes Like |Link to Comment
  • G-20 officials discussed the threat to the global economy from rising oil prices, sources say, but the U.S. did not openly call for a release of countries' strategic oil reserves. On Friday, Geithner said the U.S. is considering a strategic reserves release as tensions with Iran push up oil prices.  [View news story]
    Because our politicians are short-sighted. Remember last year when we released SOR? Price dropped from 105 to 85 overnight. Six months later where was it? Back up to 100. So the U.S. is buying oil at $100 to fill up the tanks sold at $85....

    Beautiful investment and an amazing structural, long-term change to the price of oil worldwide. Pat yourself on the back President Obama.
    Feb 26 10:09 AM | 7 Likes Like |Link to Comment
  • Western intelligence agencies detected two nuclear weapons tests in North Korea during 2010; one or both of them may have been conducted for Iran, Welt Online says. The news may refute recent reports that the U.S. has no hard evidence of Iranian efforts to build a bomb.  [View news story]
    Problem: UN can't find evidence of nukes in Iran.

    Solution: Leak a memo saying that North Korea made nukes for Iran. Who can argue the contrary?
    Mar 4 06:17 PM | 5 Likes Like |Link to Comment
  • 2 Profitable, Dirt Cheap Gold Miners To Consider [View article]
    Good article. The deal with primero is primarily two things:
    1) silver streaming tax. Slw has the first 4 million oz at $4 and half thereafter each year. This wouldn't be a huge drawback except they are paying Mexico taxes at spot prices. They have applied for changes in the tax provision which should be decided on this year.
    2) gold grades. the San Dimas mine has been suffering from unpredictable grade estimations. This makes mine planning difficult and makes it difficult to project future production. Recently management decided to refresh its mine model. And if I remember correctly it is complete.

    Read the last two press releases on their site. It details the problems they've faced and what they're doing about it in more detail than I can describe. I must say that I'm totally impressed with the management. Everything I see points to exceptional long term planning.
    Mar 30 04:00 PM | 4 Likes Like |Link to Comment
  • S&P cuts Greece's credit rating to SD - Selective Default - from  CC following the country's insertion of retroactive collective action clauses into its debt. "The effect of a CAC is to bind all bondholders of a particular series to amended bond payment terms ... (it) materially changes the original terms of the affected debt."  [View news story]
    Are CDS triggered?
    Feb 27 04:40 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Nabors' CEO parachute more than a years worth of earnings. Board looking out for the board. F*ck the shareholders.
    Oct 31 08:21 AM | 4 Likes Like |Link to Comment
  • Can Silver Wheaton Break $40? [View article]
    Another article with absolutely no substance that got pushed to my phone with the new SA app.

    1) Choose random stock that's run 50% in the last 3 months.
    2) Throw up obligatory 12 month chart
    3) Make up some technicals
    4) Compare to another company with a completely different business model
    5) Discuss random other companies in a similar sector
    6) Conclude: "You might want to buy now, or you might want to wait a little bit to buy. As the author of this article I have chosen not to buy and don't plan to buy"
    7) Publish

    Forget discussing the commodity underlying all these companies - gold and silver

    Forget any QEinfinity discussion - the primary reason these stocks have run.

    Forget any profit projections or silver production projects

    Forget any discussion of the mines SLW has a stream from.

    Forget dividiend discussion.

    What did I miss?
    Sep 28 09:42 AM | 3 Likes Like |Link to Comment
  • The surge in gold prices has led to a golden cross, the technical indicator that's often bullish for many markets. But gold is a different story, in the short term: In gold's 12 other golden crosses since 1976, gold prices have averaged a 1% decline over the next week and 2.5% over the next month. “From a technical perspective and based on historical analysis, it’s hard plowing into gold here,” Justin Walters says. [View news story]
    How many of those other 12 times were immediately after the Federal Reserve Chairman announcing an ongoing monetisation of US Debt indefinitely into the future, in addition to pumping 40 bln/mo into the mortgage market?

    Brilliant analysis nontheless. </sarcasm>
    Sep 21 10:50 AM | 2 Likes Like |Link to Comment
  • The massive Monday rally? It appears the Fed made today's swap decision on Monday in a 9-1 vote with only Richmond Fed chief Lacker dissenting.  [View news story]
    This makes me sick. They might be hippies, but the OWS peeps are doing our work for us.
    Nov 30 11:25 AM | 2 Likes Like |Link to Comment
  • The EU ups the ante in its latest game of chicken with Greece, warning that the country won't get an €8B ($10.79B) loan payment unless its main political leaders sign an austerity pledge by next Tuesday. New Democracy leader Antonis Samaras is holding out; Greece has 20 days until it runs out of cash.  [View news story]
    That cash was from the last bailout round? Can anyone say "black hole".
    Nov 22 09:40 AM | 2 Likes Like |Link to Comment
  • President Obama says House Speaker Boehner has decided to walk away from debt limit negotiations. Earlier today, Boehner had suggested talks would continue.  [View news story]
    The captain of a ship can always keel-haul a the crew members who absolutely fail. Unfortunately Obama can't do that.
    Jul 22 07:47 PM | 2 Likes Like |Link to Comment
  • Three Sunday reads [View news story]

    @The Geoffster:

    I strong disagree that the lesson young people are learning is socialism doesnt work.

    I'll give you 2 examples - my own personal story and a reddit article. Here's a reddit article comment section from today (12/15/2013) http://bit.ly/1hUZE8q

    Browse through the comments and see what the common consensus is. Generally they are woefully uninformed on how the financial industry works and (most of the time) creates value for our nation/world.

    I'm a 29 year old male. Graduated from a top engineering school in 2007. Went to work in academia for 4 years (2 of which were as a Neuroscience PhD student before i saw the light and quit), worked retail for 5 years as a second job. Then I switched from academia to work for a small oil and gas operator, and now have just switched to the energy finance. Starting school back up part time to get a masters in petroleum engineering next month. - All this to say that I've covered quite a bit of the american economy in the last 8 years. I am the exception.

    My generation generally feels betrayed by the US economy, US government, and by the uselessness of many college degrees. I am still paying student loans off and have JUST managed to start saving for retirement. I see two trends. 1) People working in "persecuted" industries - financial and energy - see regulation standing in the way of economic progress. 2) People working in other industries - academia, retail, service, governemtn, etc - have a mental disconnect between regulation and economic progress. These are the people who think if you have $10 million you can simply put it in a mattress. They don't understand the fact that if you're in the top 1% you're forced to re-invest your money.

    Anyways that's my take on it. It's a divided america. The TSA wasn't a security program, it was an employment program.
    Dec 15 11:02 AM | 1 Like Like |Link to Comment
  • Short Halliburton And The Slowing Shale Boom [View article]
    Me too.
    Sep 11 09:53 AM | 1 Like Like |Link to Comment
  • COMEX Gold Inventories Plummet: Shorts May Be Forced To Cover Fast [View article]
    I'm not 100% educated on the mechanics of COMEX operation, but your article doesn't seem to address input to COMEX.

    For example: it's totally possible the drawdown on gold supplies stored by COMEX could be stable/steady or even declining; however, the input - delivery from miners - is declining.

    What are your thoughts on this? I'm not sure it actually changes any of your conclusions, but I wouldn't immediately jump on the bandwagon that "selling is increasing", as that might not be the case.
    Jul 22 10:51 AM | 1 Like Like |Link to Comment
  • Sandstorm CEO Nolan Watson's Exclusive Interview For Seeking Alpha [View article]
    I respectfully disagree with Nolan on the point that the juniors are intrinsically worthless without capital funding. Reason being, at some pricing level, the big players *should* step in to buy projects for pennies on the oz. This should provide a floor for prices at some point.

    Of course if a junior isn't holding economically mineable projects... then yeah, it's worthless in either scenario.
    Dec 21 02:24 PM | 1 Like Like |Link to Comment
COMMENTS STATS
62 Comments
63 Likes