Can You Have Too Much of a Good Thing?
As the writer of a prominent monthly newsletter, Dennis receives numerous questions from subscribers. Some questions come in more often than others and many revolve around individual stocks and how much should be bought. The answers vary so much depending on a person’s circumstances that I’ve written about a method for determining how much of a stock you should be exposed to that can easily be done in a few minutes. Learn about this method, as well as ways to find the right stocks to consider.
I agree completely….on “informercial-like”…………..I said the same about two weeks ago………
to me it sees to be the trend, but Big Al says no.
Bitcoin UP UP 1040 $ LUK UP Litecoin
LIKE I SAID A FEW WEEKS AGO BITCOIN IS THE NEW GOLD!!!
i have sam ( Litecoin ) fore fun see 26 $ still ok Buy sam ! funny crazy world !
My return is 108% – the last week.
This time last week – $365,000USD now $728,000 and I spent around $3.5K worth to buy Christmas electronic gift cards for Shell, Kroger, Albertsons, Bed, Bath and Beyond, Starbucks and HomeDepot. I bought the giftcards from Cardpool and avg a 8% discount.
Plus bought a $4k Roland professional keyboard for my nephew with a Guitar Center gift card.
Har……looks like a lot of consumer purchases……….Starbucks,,,Home Depot.. Bed Bath and Beyond……….,,,time to hunker down………you will wish you had some of that money back in 18 months………….
Uncle Scrooge and out…………..
oh,,,,just joking…………..but, maybe not……..
Christmas presents.
I think litecoin and peer coin and many others are all just copy cats, trying to ride the coattails of bitcoin.
bitcoin is the real deal
You could be right James. I have no use for it right now, nowhere to aquire or spend it without going thru an unfamiliar process. Paper,debit cards etc are still far more convinient as far as I am concerned. If a digital currency could be used to pay taxes then I might consider looking at it again, but for now, I have to figure I missed the “investment” boat.
B – I don’t think you missed the boat. Less than 1 in a thousand even know what a bitcoin is. This is still in its infancy with a very long way to go
Are you a buyer at $1,000? The concept is interesting, but BC is a gamble at any price. It is a classic mania. Downside risk is massive.
Really hard to move a stash of pms when you have to bug out. I was in France about 10 days ago on vacation after my middle east stink and I saw a lot of them selling PMs. They are going to increase the duty on PM transactions next year.
nice har good luk !
har……that should tell you something……if some govt. wants to keep you from having something……usually, they want it for themselves…..and if they want it, it must be worth something to them……………
Mat, I can see buying it if you had a use for it. The only use I know for it is to transfer funds. I have no need to do that and therefore have no use for bitcoin.
Even if I did, it would have to be outside Canada for me to require a service of any kind. Anywhere inside Canada I can just go to my bank.
So that only leaves investment. $1000 a coin? From $2 in 2 years?
I would have to think about what I know of parabolic spikes.
But, as I dont own any I am certain it will go to Max Keisers projected price of 700 onces of gold.
700 ounces?! Max is either really smart or really irresponsible for putting that out there. I’m betting he’s the latter.
Its just a mathamatical calculation. # of bitcoins divided by # of onces.
vice versa maybe.
The guy is funny tho. He complains about money printing “hang the bankers” then screams he loves the profits of Bitcoin.
I just think the money printing has somthing to do with the rise in price of it.
The equation doesn’t add any credibility to such a silly projection.
Re: Hang the bankers
I don’t see a conflict with his celebrating speculative gains. Central banks are stealing from people when they print money. We speculators are just trying to get in front of the next beneficiary of the new money. We take risks, the bankers do not. No one was coerced into buying BC (or junior miners for that matter) in the first place. There’s no shame in speculative gains.
Well I sure hope there is “no shame in speculative gain”, Im a pretty shamefull guy if thats the case.
I just thought he was funny to complain about money printing and capitalise on it at the same time. Why not say “look how we can profit on printing”?
But what do I know?
Yes the bankers are stealing, or are they? The warning against them came in year 1? year 30? Somewhere in there.
The number of people that heeded that warning and actually opposed them can be counted with about 10 fingers, which would suggest that the majority of people have been and are quite fine with it.
So maybe its an accepted procedure now and not really stealing.
Sorry for nit-picking, but it’s ok to complain about printing AND profit from it. We have to profit from it in order to protect ourselves from it.
No matter who does it, printing is theft. I don’t think many who understand it accept it.
Real banking is nothing like central “banking” and is no crime.
Mat, all it takes for “bad guys” to prosper is for “good guys” to do nothing.
Maybe I see it as accepted as “good guys” do nothing.
Not enough to make any kinda dif anyway.
As for complaining and profiting.
Keiser is not the first person to cry all the way to the bank.
Agree with you Matthew. See below
http://usawatchdog.com/were-in-the-very-end-stages-of-this-system-jeff-berwick/#more-11409
ditto
Matthew,
Your dang right. People will NEVER learn. This is the CLASSIC hare vs. rabbit story all over again……..ie. bitcoin vs gold/silver; SMILE NOW – CRY LATER…:)
ditto
ditto too SD Marc
One can buy bitcoin that is stretched 300% above it’s 200 DMA and has already rallied many thousands of percent or you can buy something at a bear market bottom where the potential is greatest.
The buy signal is in. Any down days in gold should now be bought. I expect miners will rally 100% or more in the first 2-3 months out of the bear market bottom. Not even bit coin is likely to do that, and if it does it is just that much closer to the crash that follows all bubbles.
Dividend cuts, write downs and selling production forward is a lot of headwind.
If the Gold Bugs Index does not hold 202 next support is not until 172. About 15% from here.
Geez gold stocks have given up back 11 years of gains. They are back to 2002 levels.
Geez, that’s what gold stocks do. They are all about leverage, and leverage ALWAYS works both ways. They are like options and matches, hold them too long and you will get burned.
Dividend cuts and write downs are more than priced in already. What decent company has sold forward production during this correction?
Har,
Miners follow gold not meaningless support and resistance levels. When gold turns the miners will turn.
Gary,
Ditto and BINGO!
So now you are calling the bottom in gold, Gary? Pretty bold. Totally wrong too. The gold camp has been led along by the nose for two years already by similar sounding bottom callers like yourself and they are pretty much tired of it now since most of it is bullshit. At least the others tried to offer some kind of rationalization but in your case it is just a vague buy signal based on “inside info” that you admit is actually public.
Don’t make me laugh, man!!
Sentiments on precious metals remain absolutely beaten to ratshit in the gutter. If anything they are getting worse, not better. What do you suppose is going to turn that around and turn on the public in the next few weeks? Sentiment matters for gold. It matters a lot. Back in the Seventies it took the power of the general public, little old ladies, every ordinary Tom, Dick and Harry plus an army of gold myth spinners who dominated the media to get gold pumped enough to reach its highs of the day.
Do you see that happening now? I sure don’t.
The one or two percent of the population who have been the die-hard buyers until now are currently in the process of cashing out and exiting this trade, for Gods sake. Maybe you think they are selling at the bottom but I won’t agree. A long period of consolidation still lies ahead for metals and there is no question there are better trades in the meantime. Plenty of stocks are up double digits this past year trouncing all the dreams of the gold bugs who got completely squashed by holding and waiting for salvation.
So try not to get too excited just yet.
Especially during the holiday season which is fully preoccupied with the usual gift giving that will divert away any disposable income that might have been available for the small retail metals traders.
For a lot of the bigger players this has been a disaster too (other than some hedgies that took a bonanza in short trades). You think the likes of Paulson and others are anxious to increase positions again this soon? In fact they (and he) are on record saying they will not be using any more of their own funds to invest in PM’s for the foresseable future.
Gold investors have been roundly punished for thier lack of faith already and it will take a big signal that a turnaround has arrived before serious money will be allocated back to the worst trade of 2013. You are right that gold stocks follow gold though. The correlation is so high it makes no sense whatsoever to buy miners when gold performance stinks this badly.
I think you need to appreciate that the market awaits a more decisive shakeout in the sector before calling the bottom is in. Let me assure you this is not yet it. Hundreds of juniors that have been hanging on by little more than their lips will be wiped out before we hit bottom so expect 2014 to be the year of reckoning for many. That is what blood in the streets is all about. When it is so bad that only fools and crazy people will rush in to buy we are probably at the real bottom.
Finally some good news out of Gary. I have been loading up the past few days with GG and NEM after selling out a few days ago. Too many in the media were calling for $1000 gold and when everyone is expecting that it likely won’t happen.
FWIW the public always does this at the top of bubbles. They convince themselves this time is different. Really it’s just human nature at work. People see someone else getting rich quick and they have to get in on the action. The same thing is happening with stocks. Traders have now convinced themselves that stocks can never go down because the Fed is protecting the market.
These are sure signs that we are deep into the euphoria phase of the bull market.
I agree. Possible supporting evidence might be that Peter Schiff’s recent video on Bitcoin received FAR more dislikes than all his other videos. Among the many negative comments, one that stood out simply said “dinosaur alert” (meaning that he is a dinosaur for liking gold). If that isn’t sheeple bubble action, I don’t know what is. The foolish herd will never understand money or markets —and especially gold.
Any person who changes like the wind from pounding to table for weeks saying gold is going to $1000 and now once again flip flops and says the bottom is in has no clue what they are talking about.
As much as I cannot stand the “Gary bashing” (or “anybody bashing” for that matter), you have a great point. I found his comment outlandish too (“I will never eat hotdogs, do you know what they put in those things? By the way, give me two foot longs with extra mustard!!!”
I’m not real concerned about short term moves myself (though I do sell strength/buy weakness regularly), but Gary is just reporting what he sees in the charts. So what if his view has changed? He said to get out at the right time a couple of months ago, and now the price of gold is much lower. That is the opposite of harm done. If anything, he should be lauded for not getting married to a view that he held to be likely.
He didn’t “flip-flop,” the technical picture did.
Mat,
Actually this has nothing to do with charts. The charts always say the market is going lower at bottoms, and higher at tops. Charts are worthless at turning points. It’s why technicians always miss turns. Charts are a third or fourth confirmation for me and the least of the things I watch.
This call is based on inside information (Sort of. The info is publicly available) and confirmed by cycles, sentiment, and COT reports. The only thing saying otherwise are the charts, but like I said charts are worthless at turning points.
I guess I just typed “charts” thoughtlessly because it wasn’t central to my point (which is that you changed your mind based on market changes and not just a whim).
It is a flip flop, Matthew. James is correct. Gary made a very bold claim that he is now trying to back out of. We all read this same site and should recall what he wrote. He was basically insisting that gold would be taken quickly down as much as 350 dollars by “the manipulators” until it hit 1030 and then the big turnaround would arrive. It was a preposterous claim that some of us (including Al) challenged at the time and in my opinion it just showed a lack of judgement with how markets function. Gary is only being held accountable by James now and his criticism is fair enough. The gold community has got to get away from this habit of running from pillar to post like headless chickens at every hint of change in direction or investors in this area will just keep losing money. The charts remain on a bear pattern trajectory. Hope and hype cannot moe them at this stage. Just look at all the news that should have lifted price but never panned out.
Gold is going from West to East.
Indians are big buyers.
Chinese are huge buyers.
Central Banks are buyers.
Cyprus is selling its gold.
QE will drive up prices to the moon.
Hyperinflation is coming.
Inflation is coming.
Deflation is coming.
The Government has no gold in Fort Knox or New York vaults.
The Germans cannot get their gold for 7 long years.
The COT reports prove gold is running out.
Comex is running short.
JPM has gone long gold.
Goldman says gold will hit 1000 (contra indicator means price will go up naturally!)
Physical buying of coins have hit record highs.
Physical buying in Asia and India of jewellry are at record highs.
Iran is trading gold for oil.
The dollar is doomed and gold will return shortly to save us all.
There will be a new reserve currency based on metals.
The Chinese won’t reveal how much gold they really have. Very bullish of course.
Mine supply is bringing smaller and smaller grades by the month.
Mine supply is diminishing.
South African miners are on strike.
Mine closures will reduce supply and thus push up prices.
The Chinese want to de-Americanize the world.
Europe has approved bail-ins…..so buy gold.
The French are taxing gold profits and sales plus banning mailing metals and cash.
Venezuela sold (pawned) its gold to New York interests.
Capital controls are becoming commonplace. Buy gold abroad for protection.
Prices are being manipulated. That guarantees a huge upside in the future.
Janet Yellen is coming. Look out above for gold.
Physical and paper markets have diverged. Explosive moves dead ahead.
Premiums have reached record highs in Asia. This MUST be bullish.
If all the world wanted an once of gold per person each the price should be 50,000 dollars.
All the Central Banks are printing money. Boom times for gold.
The stock market will soon crash. Gold will mysteriously benefit this event.
Interest rates will stay low. This is a sure fire guarantee for gold……..
Do you feel exhausted after reading that list? You should because it is all bullshit. Sentiment drives gold and all the fundamental reasons in the world don’t mean squat until the public is on fire.
Until then…gold is doomed. That is why Gary is wrong.
You’ve flip-flopped more than anyone BM. On 6/28 you said you were a buyer. On 7/29 you said “the gold bull is dead.” There have been many other flips and mostly flops since then.
Gary’s newsletter is for active investors, not buy-and-hold types. He got the direction right and thought gold would go much lower than it has. He is alerting you in real time that his outlook has changed. So what’s the big deal? Don’t you think it’s just little bit early to be criticizing this call? Despite your proclamation that he is wrong and James is correct, you do not know that.
Of course I know, Matthew. I am just not going to tell you how or why since you don’t listen to alternate views anyway. On the topic of buying some months back there were quite a number of us who were hopeful the bottom had arrived. Basically it was the whole site and the charts looked good for a time. When I realized it was a mistake I sold quickly and got back out unlike guys like you who held on and lost more money as usual. Live and learn Matty boy…your one-way trade has not worked out well according to how I read what you bought and when. Shall we review it now?
By the way….I could not help but notice that you did not address even one of the points above that were so-called newsworthy market moving stories and yet each one failed to move gold prices higher as expected. You bulls are looking sillier and sillier each day as you grasp at every thin reed and piece of flotsam drifting by in the gold conversation. Don’t you get that Gold is doomed until sentiments turn around? I mean sure, I can appreciate you have a lot invested and a lot to lose but sheesh man, don’t you ever ask yourself what all this self-inflicted buying of a dead asset is all about? Other guys have been taking down 10, 20 and 30% gains in equity markets this year but you are stuck like glue on metals which are still falling……oh wait….this is the contrarian trade……the smart money is here……any old day now. Care to define “smart” for us? Does it quantify in IQ points or in dolars? Ha Ha Ha!!!
Re: “I sold quickly and got back out unlike guys like you…”
You have no clue what guys like me do. I am always ready to trade a portion of a given position and there have been plenty of opportunities to buy weakness and sell strength in 2013. First and foremost, I am a speculator that is looking for more than 10, 20, or 30% gains. Multiple 1,000% gains in 2010 and 2011 have had a way of buying a little patience. My best gain in 2012 was 700%.
And we ALL know how well gold and gold stocks have been paying off this year! They say love is blind Matty. I don’t think it holds a candle to the devotion those of you in the extreme metals camp adhere too though. If there were arm bands and secret hand shakes your club might even be bigger. But you guys do have some slogans. Some of your camp hymn books and public assertions of golds immutable perpetual characteristics come across more like brainwashng and religious revivalism than genuine commentary though. Ain’t undying love a beautiful thing? Those of us who are unwashed and unrepentant in our revulsion to the gold camps conversion tactics must seem so dirty to you. We won’t be swayed by the rhetoric despite its convincing chants. Maybe because there are no skirts involved. You guys just come across like the Micky Mouse Club lately with all your bravado about 700% gains in a dead market. Please man…..sing that one to the choir. They are all ears and won’t stop listening until every single last penny has been lost.
Bravado? I’m just telling it like it is, silly guy.
Really? Did you say gold has been down 26 months in a row? I must have missed that part! Ha Ha. We are really breaking a gut over here today because your case is so flimsy, man.
I’m telling it like it is in the comment above. You took issue with my 700% gain in a “dead market.”
So what do you think will be the real reason to turn around the prices in gold?
James,
I got a signal last night that insiders are positioning for a bottom. That means it’s time to start buying.
I’ve been saying for months and months that they were trying to get gold to $1000 but there was no guarantee they would accomplish the goal. That’s why I’ve been sitting in cash. No shorts for me.
The buy signal is saying they are going to come up short, and the June low is going to hold.
It’s now time to put that cash to work. When it’s time to pull the trigger in this then business then one has to drop their bias and just pull the trigger.
Totally wrong, Gary. The June low will NOT hold. Just watch.
Regarding bitcoin, it certainly looks like someone out there wants to have something compete with gold, to try to take away attention from real, private wealth, and not something that can be confiscated with an internet kill switch.
But I am guessing this is bullish, actually, for gold and silver.
Someone seems to either be afraid of competing currencies, or otherwise can no longer ignore the desire of people for something besides our present currencies.
DR. Ryan Jordan,
Hopefully this is you. I left you a message on an earlier thread. GREAT book you wrote on SILVER. Thank you for the sending me the copy. BIG AL, should get you on the SHOW again real soon!!
Folks if you listen to my last interview you will see I’ve been expecting some kind of bounce out of a minor daily cycle low. I also mentioned in that interview that the dollar didn’t do what I was expecting it to do. This is a major factor. For the manipulation to continue pushing gold down they needed the dollar to continue to rally. It doesn’t look like it’s going to happen.
Combine that with the signal last night and it now looks like the bounce that I’ve been expecting is going to not only be a minor daily cycle bottom but probably a major intermediate bottom as well. If that happens it means the June low is going to hold.
There are enough bullish signals for me to start putting my capital back to work after sitting in cash for the last two and a half months.
I enjoy debate but hate to see this bickering.
I keep going back to the monthly charts and see Gary’s 1000 neighborhood for gold as the 09 launch pad for that last bull after some strong basing Thus I saw the logic in his call on my own charts even if that’s not what he was basis for his call. That didn’t mean it has to get there, just that it is a VERY BIG support area. What’s always up for grabs is if we’re going to go all the way down there to test it since the pst is not always a prologue.
Bird Man rightly lists all the reason why an honest (and free) market should’ve pushed gold higher but didn’t. But the market is as corrupt as those who regulate it. Over all I think the western banks are losing their sway in the world because they lost their integrity long ago. Now all they do is print money and speak in tongues. Beats me how long they can keep it up, but when the music stops there’s not going to be too many chairs to these leaders grabs. It’s a shame, but it will play itself out and end poorly. “Oh what a web we weave….”
Of course when the music stops then it seems probable rates will spike and that will be that for hopes and dreams of gold for a long, long time.
What is really funny bj is that Matthew claimed the other day that the “smart money” is moving into gold and selling off their equity gains. Apparently he believes they are so stupid they cannot read and understand the pointless dynamics of the list I presented above and could not arrive at the same conclusions I did….gold is a whipped dog until further notice. It is so bad it has become an industry wide joke that gold offers security in a dangerous world. Gold won’t budge to the upside on even the most convincing of news like Japans QE or even Mario Draghi’s interest rate cuts!!!! Cripes, if that does nothing to move markets then what will? So his comments seem ridiculous to me. It is clear this trade is in a very deep bear market where NOTHING helps price. It must therefore play out to its natural conclusion that will end with a great many mines and Juniors failing. So much for the smart money (that keeps losing its proverbial shirt). Surely Matthew is brighter than that and understands that the smart money really chases momentum, not decade long bulls that ran out of steam and are firmly entrenched in a long run decline. I don’t even need to do research to prove he is wrong. Just look at the charts and listen to all the sobbing. The public itself is totally turned off the trade. Smart money knows they need positive sentiments or plenty of fear for outcomes to change that dynamic and make gold worthy again. Not likely happening anytime soon. The last desperate hope of this camp is that China will announce to the world it has 5 or 6 thousand tonnes in storage. Well sh*t…..is that really going to make a difference to Joe Public? I sure don’t think so. I am waiting for the next novel rationalization to appear from one of the armchair pundits. I just kill myself laughing with every new angle they dream up because none of them lead to anything but more dissapointment. The short trade was just stellar by the way! And THAT is where the smart money was really positioned.
You are clueless BM. When big money rotates from one sector to another, it is not done in one day. Strength is sold while weakness is bought. All your price chasing and buying or selling in one trade is for sheeple, not for them, and not for me. Do you really believe that it is the terrified little guy (DUMB money) who is placing big bids under the juniors on the weakest days lately? Do you think that the smart money hits the ask or do you suppose they patiently wait for cannon-fodder-shit-for-brains investors to dump their shares into their laps in a terrified frenzy? Do you think that big money would end up with many shares if they did go around hitting the ask in these very illiquid mining stocks, or do you suppose they are smart enough to know not to let the price-chasing fools detect their accumulation program?
If you think it’s smart to put on fresh shorts right now, are you doing it? You sure peck a lot of digital chicken scratch without ever indicating what you are doing.
I have zero gold or silver holdings at the moment nor do I hold any shares of gold companies. I have zero losses on gold in the past two years. I will let you know when I start buying. That is when you wil know the bottom is in and I am going long again.
The whole “smart-money/dumb-money” meme is getting pretty much worn out by the way Matthew. We have heard that one repeated ad nauseum about stock markets for the past 4 or more years and yet equities just kept powering higher while gold kept sliding. You are really painted into a corner now though. You seem unable to back down from your position even after silver has lost more than 60% from its highs. You never heard of evolution? The comments just sound pathetic to me these days. Like they were written by retards in remedial or something but who really knows when it is all annonymous. It is beyond being a joke now.
The joke is you chicken man. Silver also plunged 60% in 2008 –and I was a buyer then, too.
Re: “The whole “smart-money/dumb-money” meme is getting pretty much worn out by the way Matthew. We have heard that one repeated ad nauseum about stock markets for the past 4 or more years and yet equities just kept powering higher while gold kept sliding.”
——-
You are obviously not qualified to talk about smart or dumb anything. I was BULLISH conventional stocks from 2009 until very recently. The smart money is not putting their own money into stocks now except, possibly, for some carefully chosen situations.
To say that I am “painted into a corner” is a truly moronic thing to say, but then, I would expect that from you; so we do have continuity.
Everyone reserves the right to change their mind. If something new is on the horizon you may have to compensate for it. I get up everyday and accept that I may be wrong and to keep an open mind to survive..
The same gogo manipulate GOLD play ( bit coin ) so BUY GOLD DON’T BY FOOLED !!!!!!!!http://www.youtube.com/watch?v=QuE–xlkTYk !!!!!!!!
HAPPY THANKSGIVING DAY ….TO ALL………………
happy thanksgiving JERRY THE LOOOOOOOOÓNG o’otbhttp://www.youtube.com/watch?v=m7ZHhEXhwBU
LONELY GO !http://www.youtube.com/watch?v=X4gPneg-kpw !!!!!!!!
Jerry, maybe something has happened to Al, he is no spring chicken and he works way too much. DT
Bird,
Listen to my interviews again. I said all along that I think the manipulation is trying to get gold down to $1000. I also said there is no guarantee they will get it there.
I’ve been in cash since Sept. 3 waiting to see if they could accomplish the goal. The signal I got yesterday was enough to get me putting my cash back to work.
I’m putting my money where my mouth is.
GARY what you gold ore silver stock you love the most happy party time gary ?
I only trade ETF’s. I don’t like company specific risk so avoid individual stocks.
Bird is bang on…..Big bad bear….
sell no GOLD SELL GOOLE BUY GOLD
Bird,
2:45 minutes into the interview.
http://www.kereport.com/2013/10/23/gary-savage-specifics-1000-gold/
The signal I got yesterday is saying they are not going to get it there.
GARY BUY GOLD OK !
I like GDX and silver better than gold. The profit potential is probably twice that of gold.
I agree, but I think the profit potential for silver and the miners is more than twice that of gold.
If gold goes back to $1000 most mines in South Africa will close down.
Mine profitability has no bearing on what gold prices do over the short term. Gold could fall to 700 dollars despite the estimated costs of 1200 dollars an ounce extraction. It is just one more of the gold myths that a floor exists at production cost that cannot be broken.
That myth is in your head. No knowledgeable gold investor would claim that the price can’t go below the cost of production for a while.
Read the gold sites more closely Matty. This claim is made all the time.
I know the claim is made all the time, but not by KNOWLEDGEABLE commentators.
Comprehend?
Yup Bird , they/ we bought into anther ponzi scheme.
Bob Moriarty was pumping doom and gloom for years and selling moose pasture.
Check it out and see what the average guy made on these lovely stocks….
You did not buy into a ponzi scheme, you simply bought when the entire sector was extremely overbought on the daily, weekly and monthly charts and needed a big corrective period/clean out.
Exactly Dill. But the gold humpers never give up. Just listen to Matthew spew the same nonsense that has been the grist of sites like this for the past 26 months! You would think they have learned by now……. but nope…..they are all still stuck on the broken record while they nurse their losses and beg other fools to jump in so they can exit their losing trades. Not buying yet Matty boy.
You’re reverting to type Bird Man – same old insults beginning to re-surface.
Just calling it like it is, Reverend. If you prefer it candy coated and sweet try another site with better fairy tales and happy endings. Are we not grown ups here where we can express it bluntly like you do when discussing your disgust for the system, the president, the banks etcetera? As usual you speak out of both sides of your face reserving criticism for opinions you don’t hold dear as though they are the real problem and all the while dishing out slanderous commentary for those in positions of power you seem to despise.
On the other hand it might just be that I am in a foul mood because I have given up alcohol, cigarettes, caffeine and sugar all at the same time. The lack of booze and nicotine in my system is not really to my liking so I will apologize if I don’t sound all Christmassy lately.
its downright anti-American.
You are telling me. Eighteen days now….it is enough to make anyone a basket case.
Bird Man I guessed it was the backy/booze withdrawal with which I fully sympathise. But just no need to go on being shitty to certain parties on this site!!
Best, Andrew
At least we are on speaking terms again!
Actually Bird and Mathew both have great points….Gold actually isn’t a ponzi scheme. I was just turning some screws. It has its place and we all know what that is… What the hell….it ran up for 13yrs and guess what…not much else did. Its a changing of the guard. But I love the stone throwing. Got drunk last night Bird 🙂
Dont make me crazy man! I could really use a drink over here.
The funny thing is that bird agreed that gold is a ponzi scheme. He would rather argue than to try to be accurate.
Actually I was agreeing with the Bob Moriarty gloom and doom comment, Matt. As far as gold goes though, like every asset that perks and bubbles, it requires ever increasing numbers of greater fools to buy in to keep sustaining rising prices and allowing early investors a chance to get out with some profit. One of the best explanations for gold I heard this past year is that gold rises because gold rises. In other words it is based on sentiments and not its qualities as an investment in and of itself. Gold offers no such reliability and certainly no revenue stream or growth potential. Even measuring against dollar losses only means you have maintained buying power while not actually moving forward. For a real investment (you know….one that actually makes money and throws off a profit stream) you need to buy into a business. You know……like chickens!
Bird
Where bouts are you shituated?
Ha ha, he is shit-uated, that’s for sure!
The dark continent Dill. Third World. We get by on generators, multiple storage tanks of water, candles, solar, dried sheep and beef strips, beans and seeds ground by hand and mountains of fresh fruits and veggies. It is all horse and buggy in my parts. Fields are still plowed by oxen and my internet connection is about what we had back in 1985 in the States. It is old fashioned really. People here store food for a season, even up to a year. Like how it was when we were kids back home. Except there is no pickles, cheese, salted pork or anything in vinegar that tastes really good. You have to make it all yourself because the normal preservation method here is just drying everything in the sun. Nice place to live though. Dirt cheap and friendly as all get out. Very religious actually.
Oil falling and the juniors rising… hmmmmm. I guess the costs of those ounces is going down. Fair price for gold? Around 1200 maybe? I am in the silver sector so it doesn’t matter as much to me, I think silver is separating from the price of gold after the 60 mark on the gold / silver ratio breaks.
Dill you sound real evil to me!!!!!!!
Who was it said ‘I can resist everything except temptation?
As for you Matthew, don’t laugh too loud. But it is kinda funny I agree.
Yes sir. Shame on me. 😉
Don’t you need to lose some more money on gold this week. Best prepare now!
I’m real evil indeed. Bird it sounds like a great place! I’m looking to get off the grid! Then who cares what happens! My hot tub is getting expensive to run and I’m in the path of the Fukushima fallout. One wrong move and POOF we are a Bucket of S##t!
What dang continent so we can hook up!?
Dan from Cow: ya go figure oil down but related stocks breaking out?!
On Bit coin. When EVER has the government stood by and allowed ANYONE to make money on anything without a tax!? People were piling into Trusts in Canada because of the huge tax advantage and one day we awoke and crash! They changed the tax rule AFTER they promised they wouldn’t. If you thin Bitcoin is going to go forever think real hard again. There sitting in the back room NOW watching closely deciding its fate. As for gold…There’s no rich person on earth going to dump their generation hord to buy Bitcoin. They don’t care what the price of gold is….
Dill, see my piece under Gary S!
Rev: wheres that?
Today Thursday.
Ya mean Berwick? He has great points indeed. It is scary to place your wealth on a server….I’m a Cell Tech or at least some days and one large solar flare and you could starve..
Sorry, but this is too “infomercial-like” in my opinion. On a much more interesting note, check this out:
http://www.ted.com/talks/pranav_mistry_the_thrilling_potential_of_sixthsense_technology.html