Send Message
View as an RSS Feed
  • Stratasys (SSYS -5%) and 3D Systems (DDD -3.7%) could be two more victims of Autodesk's Q2 report. Product designers often use the companies' expensive 3D printers in tandem with Autodesk's CAD software. (more on ADSK[View news story]
    Buy the dips, folks. A revolutionary new technology is not less valuable in the long run just because Autodesk is doing poorly right now. DDD and SSYS do not care whose CAD program wins out.
    Aug 24, 2012. 04:00 PM | Likes Like |Link to Comment
  • Gold And The Companies That Mine It  [View article]
    Some people's investment horizons are a little bit shorter than the entire history of human civilization.
    Aug 23, 2012. 08:48 PM | 1 Like Like |Link to Comment
  • 2 Things To Do And Not To Do When Your Investment Thesis Proves Wrong  [View article]
    That's kind of the whole point of investing.
    Aug 23, 2012. 04:59 PM | 7 Likes Like |Link to Comment
  • It's Not Too Late To Ride The Bounce In The Gold Miners; How To Play It Right Now  [View article]
    I have bought every 1 cent dip in NUGT and sold every 1 cent pop. Because I am a billionaire, my brokerage fees are negligible. I have made over 10,000,000% in the last two weeks alone.
    Aug 23, 2012. 04:47 PM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: 372K vs. 365K consensus, 368K prior revised (prior week 366K). Continuing claims +4K at 3.31M[View news story]
    Aug 23, 2012. 04:30 PM | Likes Like |Link to Comment
  • Take profits (for now) in the gold miners, says Weeden's longtime bull on the sector, Michael Purves, who sees the GDX's 8.8% August rally topping out around $47/share. This is strictly a trading call as Purves remains "structurally bullish" on the sector, saying the miners having a new attitude about "sharing the wealth" with investors.  [View news story]
    Agree with this, both short- and long-term. Sold out the remainder of my NUGT position just above $13 this morning. Tempting to buy DUST or DZZ at these levels.
    Aug 23, 2012. 12:25 PM | Likes Like |Link to Comment
  • There Is More To Gold Than Mere Capital Appreciation: John Hathaway  [View article]
    I don't even know if you can trust yourself. Maybe you need to lock them up in a treasure chest and bury them.
    Aug 10, 2012. 12:20 PM | 1 Like Like |Link to Comment
  • Attention PermaBears, The Chance Of A 2012 Recession Is Zero  [View article]

    This is a great, very well-reasoned and well-written piece.
    Aug 8, 2012. 01:31 PM | 1 Like Like |Link to Comment
  • The aftermath of the USPS defaulting on a $5.5B payment to the U.S. Treasury is relatively muted as jittery politicians prefer to stay out of any action that could cut jobs in their district. Things could get rather interesting in October though, when the USPS could actually run out of money to fund ongoing operations and force companies to improvise. On watch: FedEx (FDX -1.0%), UPS (UPS -0.5%).  [View news story]
    I got a postcard recently from the USPS telling me that this is a very difficult time for them, and I may notice some changes, blah blah, but that "we are not supported by the taxpayer". Do they really think we're dumb enough to believe that? How many times has this happened now?
    Aug 2, 2012. 09:40 AM | 1 Like Like |Link to Comment
  • FOMC preview: "Gold (is) saying Bernanke doesn't deliver the drugs," writes Keith McCullough. GLD -1%, SLV -2.5%.   [View news story]
    Sadly, gold (and particularly miners) is creeping back up...
    Aug 1, 2012. 01:09 PM | 1 Like Like |Link to Comment
  • The Fed's (Fictional) Intervention In The Gold Market, Part II: GATA's Faulty Evidence  [View article]
    "Reasonable to what? The published price fix? Think about it .. the correlation to the pre-determined price fix does more to prove manipulation than to disprove it. All it shows is that the pre-determined target is being hit 88% of the time. "

    What correlation to the pre-determined price fix? More to the point, what pre-determined price fix? You are assuming the thing you've set out to prove.

    Again, please explain, in clear logic, how the width of the distribution of intraday price movements is related to the net price movement over a longer period of time. If it was worth my time, I would find a hundred stocks whose intraday price movement distribution had a width narrow enough that NINETY eight percent of trading days fell within +/- 1%. What would this prove? That all of these stocks are manipulated? Even more "manipulated" than gold?
    Jul 30, 2012. 07:30 PM | 2 Likes Like |Link to Comment
  • The Fed's (Fictional) Intervention In The Gold Market, Part II: GATA's Faulty Evidence  [View article]
    If it buys a good suit today, ten years ago it bought a tenth of a good suit. Next year, it may buy half of one, or it may buy two. Your reasoning is extremely over-simplified.
    Jul 30, 2012. 03:44 PM | 1 Like Like |Link to Comment
  • The Fed's (Fictional) Intervention In The Gold Market, Part II: GATA's Faulty Evidence  [View article]
    Shorting gold is like shorting treasuries. No thank you. Doesn't mean that gold prices will never collapse.
    Jul 27, 2012. 03:50 PM | Likes Like |Link to Comment
  • The Fed's (Fictional) Intervention In The Gold Market, Part II: GATA's Faulty Evidence  [View article]
    The equation of exchange:

    M*V = P*Q

    For constant Q, P is proportional to M * V. Thus, when M goes up, P only goes up if V stays the same or goes down. When gold rises with M, it is making the assumption that V will not drop by an equivalent amount. V has dropped by a basically equivalent amount: hence, the lack of real inflation.
    Jul 27, 2012. 08:26 AM | 1 Like Like |Link to Comment
  • The Fed's (Fictional) Intervention In The Gold Market, Part II: GATA's Faulty Evidence  [View article]
    I'm not clueless and I doubt you are, either. Please don't make this personal.

    I don't know why you're bringing up GDP here. My whole point is that you're looking at the money supply half of the equation, but not the velocity part. An increased money supply coinciding with a decreased monetary velocity is equivalent to printing money, then burying it. This added supply does not "support" the price of gold unless it results in inflation, which it has not thus far. I'll say it for the hundredth time: gold's current high valuations, and gold bugs' even higher price targets, are predicated on expectations of extremely high future inflation, not on anything that exists now or has already happened. It is a speculative bet, and that is why gold is a risk asset just like every other class.
    Jul 26, 2012. 06:42 PM | 2 Likes Like |Link to Comment