Comments from Gary
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that is eventfull……..indeed………bb………………………….
IT IS ALWAYS …..quiet before the STORM………..
MANIPULATION………………nothing more………….
Hope everyone is well.
Just for the record, I’ve aded to a name yesterday and also added to PVG (a name I’ve mentioned in the past) today at $6 (US listing) and below. I’ve got orders lined up for lower as well.
Best to all and GL investing/trading.
LPG
You will get your wish LPG………..lower is in the mix………………lol
Hello J The Long,
Hope all’s well.
If “lower is in the mix”, a relatively important and interesting question is: “when”. 🙂 But I keep a good amount of dry powder on the side.
As mentioned above, I have orders in place for PVG at (much) lower levels than today and also have stink bids on a bunch of stocks. Buying on pullbacks is the key.
IMHO, one morning, I’m gonna switch on my computer and I will see the company is subject to a takeover offer. And if this occurs, I want have a sizable position which makes me enjoy, in $ terms, the takeover offer. As far as today is concerned, the stock was going into my buying zone …and was down almost 10% when I added. It’s good enough for me for this round of add.
Best to you, and GL to all investing/trading.
LPG
Hello LPG……..EVERYTHING IS COMING UP ROSES…….lIFE IS GOOD…
WHEN?……my inside informants , tell me any day now. Hang in there, time is on your side……………………………j………………..the long….
Is it our our respective sides though Jerry?
double ditto …………our mirror image…….
We’ll see J.
So far so good on PVG post FOMC.
Best,
LPG
gold just popped…………………….
LPG…max pain is $5.00… let’s see if the phantom shares make it work on Friday.
Markedtofuture,
I’d l-o-v-e to see $5 on PVG this year again – assuming it’s based on a gold takedown/smash/slow move lower…!
Orders are already in place in that region. 🙂
Best to you,
LPG
yesterday i saw [on c span] a man speaking on the idea of a regent president who would run to do only one thing reform election procedure with a constitutional amendmant. take big money out of politics everyone who is registered to vote would get a voucher which can only be used to fund a candidates campaine , you choose if its a presidential or congressional candidate. no other moneys allowed. the regent president would agree to resign after the amendmant passes . or after one year. he suggests Bill Gates or someone similar. Its a temporary Regent President. Sounds exciting , i already signed up for emiail to start a PAC to fund idea. sounds great . I bought Dr. Pepper Snaple again and already have a small profit. best to all S
Interesting idea r scott!
50 dollar voucher only used to fund compaines not for any other use.
Max Keiser talking to a guest today about how if the Greeks do not pay back their debt it is another Lehman moment and crashes the global economy.
https://www.youtube.com/watch?v=ubSc_89gg_U
Guest is in the second half of the show.
Hi Bob UK,
I would not agree with that.
The argument is that it causes a cascade of bad debt throughout the banking system and various countries.
Bob ‘You can’t ever taper a Ponzi scheme, and this is the mother of all Ponzi schemes’. Feierstein says it all in a single sentence.
So they are forced to carry on with the ponzi until the inevitable collapse?
Helllo Bob Uk,
Hope all’s well.
I would tend to agree w. Al on this one, ie. I would disagree with Max Keiser.
The reason why I would disagree w. Max is that if my memory is correct, most of Greece’s debt paper is held by “large” institutions such as the ECB, IMF, and not so much banks anymore.
The paper has been transferred from banks to supra-national entities over the past few years – in order for the banks not to go under.
I had a chart from Zerohedge about who holds Greece’s debt. Will try to find it and post it if I do.
Best to you, and GL to all investing/trading.
LPG
Bob UK,
Quick follow-up…
Here’s the Zerohedge article w. the chart I had in mind:
http://www.zerohedge.com/news/2015-01-30/how-do-you-solve-problem-syriza
Two points:
1) I was somewhat wrong re: the fact that the paper has been transferred to supra-national entities as it seems a good chunk is still at the national level (which I assume is what the “Eurozone” label on the chart implies)
2) however, it seems that most of the paper is not held by private institutions such as banks – which confirms what my memory was kinda telling me
Conclusion: despite the 1), my views are unchanged (ie I still disagree w. Max).
Best to you,
LPG
Also for the record,
I sold today (Thursday 19th) the add I made yday on PVG. So I’m back to quarter size.
I might be wrong on this one, but I THINK I didn’t look at the chart properly and I got in a tad early. What makes me think so is the weekly chart.
Exited above my buy level from yday and put orders in place below $6. Which add to the existing orders in place in the $5s and in the $4s.
Best to all, and GL investing/trading.
LPG
Thanks for your link and your thoughts LPG.
To be perfectly frank, I have no idea what will happen 😉
The following provides food for the minds of thinking people. This is from Brian Nelson at Valuentum. Enjoy!
“Gold prices have been under pressure for years, and now they’ve given up all their modest gains in 2015.
I’m always uncomfortable talking about the investment prospects of gold (GLD). It’s a sensitive issue. My opinion, like that of Warren Buffett’s, is rather unpopular. For one, there are readers out there that have stocked up on gold coins, buying into those fancy “convincing” infomercials that we see in the wee hours of the morning on television, just in case of the coming financial apocalypse, or so they warn.
We’re taught that gold is somehow, someway a hedge against global inflation, but yet besides some loose historical price correlations (brought about by learned buyer behavior), there’s no fundamental reason why buying a shiny yellow metal will help offset potentially weaker purchasing power of paper money. Mr. Nixon stopped the conversion of the US dollar, the world’s favorite reserve currency, into gold in 1971. It’s been more than 40 years.
With no tangible conversion rate to the US dollar, gold coins are simply collectibles, just like baseball cards and comic books. There is no cash-flow-derived intrinsic value; they don’t pay dividends, and their value is only in the eye of the beholder. Investors only think gold is worth something in the same way that investors think Mickey Mantle’s rookie baseball card is worth something and the first appearance of Superman in a comic book is worth something. Gold “collecting” is simply a hobby.
Please stop watching those infomercials!
A person buying gold, in any form, is playing the game of “greater fools.” He or she is hoping that a “greater fool” will eventually in the future buy the yellow metal from him or her at an ever higher price. This is different than buying a company, which generates earnings and pays out dividends to shareholders. I know my opinion on gold is an unpopular one, but just so you know I’m not off my rocker, let’s take a look at what the Oracle of Omaha said in his 2011 annual letter to shareholders:
“Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce…its value would be about $9.6 trillion. Call this cube pile A.
Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually), plus 16 Exxon Mobils (the world’s most profitable company, one earning more than $40 billion annually). After these purchases, we would have about $1 trillion left over for walking-around money (no sense feeling strapped after this buying binge). Can you imagine an investor with $9.6 trillion selecting pile A over pile B?”
…A century from now the 400 million acres of farmland will have produced staggering amounts of corn, wheat, cotton, and other crops – and will continue to produce that valuable bounty, whatever the currency may be. Exxon Mobil will probably have delivered trillions of dollars in dividends to its owners and will also hold assets worth many more trillions (and, remember, you get 16 Exxons). The 170,000 tons of gold will be unchanged in size and still incapable of producing anything. You can fondle the cube, but it will not respond.
Admittedly, when people a century from now are fearful, it’s likely many will still rush to gold. I’m confident, however, that the $9.6 trillion current valuation of pile A will compound over the century at a rate far inferior to that achieved by pile B.”
Mr. Buffett has it right. Read up on the greater fool theory! And beware of those gold peddlers.”
Wishing you a wonderful Wednesday,
Brian Nelson, CFA
President, Equity Research
Valuentum Securities, Inc
Dale,
I want to make a few comments about this article from Brian Nelson. I certainly do not agree with some of the things he says. He also leaves some things out of the discussion that are important. I only started buying precious metals about three years ago. The reason was because I came across some articles that showed the value of having gold as part of a diversified portfolio. When looking at different asset classes in a portfolio one should look at how the assets are correlated with each other. Gold is negatively correlated to stocks making it a good diversifier in a portfolio that has stocks. Having a diversified portfolio with assets that are not correlated makes the portfolio less volatile as measured by the standard deviation. One could say that the portfolio is now less risky. Also since 1971 gold has outperformed the S&P 500 including dividends. If dividends are re-invested however then the S&P 500 outperformed gold. But later on as I read more about precious metals I found that they may be beneficial if certain crisis’s happened as has been the case in the past. This is commonly called “insurance”. So I think it is a good idea to have some physical assets and not just all paper assets.
Myself, and most here, did not buy gold because of infomercials. The greater fool is one who does not own some physical precious metals which over the long-term is beneficial for some of the reasons that I have stated.
In the late 1990s renewed buying of physical silver ensued. It began through a large trading firm by a major investor, Warren Buffett’s Berkshire Hathaway (ticker: BRK), which accumulated nearly 130 million ounces from 1997 to early 1998. The market price rose sharply as this news broke, however it did not make the kind of price moves that would shock the public as the Hunts corner had.
https://www.bullionvault.com/gold-news/silver-buffett-hunts-032820146
Warren Buffett’s Berkshire may be losing $780 million on its American Express stock
tell Dale not to forget the fertilizer……..wear and tear on all equipment, and labor, taxes on income….etc………………plus the floods and weather ….profits are not guaranteed………Un like WARREN who does not pay income taxes, because he only takes ONE DOLLAR A YEAR AS COMPENSATION…….and has political connections , since his father was a senator……..is a lot of mumbo jumbo………
Oh,,,btw………..WARREN Dumped EXXON……….
I think Warren is moving to mcuh riskier oil gas asset such as EPC companies. Exxon is quite stable since the oil came down.
Thanks Dale! I loved that article. There is good sense and wisdom written in the words. I have stated many times that I won’t bother with physical precious metals anymore. Other than my wife’s jewelry of course. For me, gold is a purely speculative investment and one we hope will return fat dollar gains once the trend reverses and goes higher again. Don’t all of us hope for a speculative mania that allows us to profit from the Greater Fool theory? Why else would we play if not to have the infield advantage where metals investing is concerned?
DALE …………GOLD !971….$35….GOLD TODAY $1200 , THE greater fool is the one who has none………………
This was earlier I guess, at this point and time we just went under 1200 in gold.