Another Healthy Correction For Gold And Silver [View article]
I agree with your point on the absence of free markets. I guess I was trying to say that physical buying will eventually overwhelm paper manipulation and the spread between the paper price and actual price to acquire physical will widen considerably. Price discovery will no longer occur on the manipulated paper markets at some point soon, in my opinion. Premium to spot will skyrocket when physical buying creates shortages.
Another Healthy Correction For Gold And Silver [View article]
Their entire power structure is based upon the acceptance and use of fiat money. Rising gold and silver prices signal the decline in fiat paper, which would crush bankster profits. They also make a fortune shorting precious metals at times when both fundamentals and technicals convince most investors that the price should be climbing.
Banks do not want investors piling into an asset outside of their system and reach. Physical metals have no counter-party risk and can exist outside of the banking system. They would much rather you keep your money in their stock market, savings, CDs, money markets, etc. so they can continue siphoning away your wealth.
Lastly, I see the banks and governments pretty much as one at this point. Governments need fiat to continue deficit spending, imperial wars and the avoidance of bankruptcy at this point. Rising precious metals prices also signal inflation, a failure of government/FED policies and angry voters. As if 10% congressional approval isn't already bad enough.
I'm sure there are some other reasons that I am missing, but those are the core ones as I see it.
Another Healthy Correction For Gold And Silver [View article]
Thanks for the comment. I agree and will modify this point going forward. I have core positions that I do not trade and some trading positions that I will occasionally sell on a rally/good news. But overall, our views are aligned. Buy the dips and ride the rallies. I will borrow that if you don't mind ;)
My target sell is when participation in precious metals is similar to participation in real estate in 2005. I would guess this top will occur at some point between 2015 and 2020, with gold and silver well above their inflation-adjusted highs. As a cycles investor, I will look to shift to another asset class at that time, most likely income-producing real estate.
The Time Is Now To Buy Bank Of America [View article]
$86 billion Amount that Bank of America Corp. owed the central bank when then-CEO Kenneth D. Lewis wrote shareholders saying that he was at the helm of "one of the strongest and most stable banks in the world" on Nov. 26, 2008
Calculating A Proper Valuation For Silver Wheaton [View article]
Agree with other posters. The conclusion based on the analysis should be that SLW is fairly or slightly UNDERvalued. They also command a premium to other silver companies since their royalty model entails less risk and lower fixed costs.
I think Aurcana Corp and Minco Silver are undervalued relative to other silver companies. Just my two cents.
It the wake of MF Global, Bear Stearns, AIG, etc., is it really so crazy to believe that BofA might go the same route? Have we learned nothing from those failures?
BofA has exposure to European sovereign debt and Eurozone banking debt. BofA has exposure to huge amounts of derivatives on their books that I believe are not being correctly valued and could be a time bomb should the debt crisis in Europe accelerate.
If those leveraged bets go bust or even lose 50% or more of their value, BofA will struggle to survive.
This is my basis for the $0 bottom comment, take it or leave it. I know people on this board like to attack anyone with a short idea because they are long BofA. That is pretty childish. I am long SLW, but I don't go around attacking people that think it is better to short silver right now. Have at it!
Anyway, just like I said when I shorted BofA at $8+, let's return to this board in 6 months and see what has transpired. The only hope for BofA rebounding and surviving is another massive bailout. They are a leech on taxpayers and should have already failed in a true free market.
Bank Of America: An Attractive Play For A Diversified Long-Term Investor [View article]
People are waking up to the evil's of the big banks and leaving them in droves. BofA has lost countless customers that have moved to credit unions and community banks. Their attempts to increase profitability via fees have been unsuccessful due to populist protests. I believe Bank of America is technically insolvent, incorrectly valuing their assets to appear that they are worth more. We can watch as it continues to fall to its true value... $0. Morally and financially, a bankrupt company and an easy short!
Yeah, to clarify: In the US, initial public offerings (IPOs) cannot be sold short for a month after they start trading. This mechanism is in place to ensure a degree of price stability during a company's initial trading period. However, some brokerages that specialize in penny stocks (referred to colloquially as bucket shops) have used the lack of short selling during this month to pump and dump thinly traded IPOs. Canada and other countries do allow selling IPOs (including U.S. IPOs) short.
Another Healthy Correction For Gold And Silver [View article]
Another Healthy Correction For Gold And Silver [View article]
Banks do not want investors piling into an asset outside of their system and reach. Physical metals have no counter-party risk and can exist outside of the banking system. They would much rather you keep your money in their stock market, savings, CDs, money markets, etc. so they can continue siphoning away your wealth.
Lastly, I see the banks and governments pretty much as one at this point. Governments need fiat to continue deficit spending, imperial wars and the avoidance of bankruptcy at this point. Rising precious metals prices also signal inflation, a failure of government/FED policies and angry voters. As if 10% congressional approval isn't already bad enough.
I'm sure there are some other reasons that I am missing, but those are the core ones as I see it.
Another Healthy Correction For Gold And Silver [View article]
My target sell is when participation in precious metals is similar to participation in real estate in 2005. I would guess this top will occur at some point between 2015 and 2020, with gold and silver well above their inflation-adjusted highs. As a cycles investor, I will look to shift to another asset class at that time, most likely income-producing real estate.
The Time Is Now To Buy Bank Of America [View article]
Amount that Bank of America Corp. owed the central bank when then-CEO Kenneth D. Lewis wrote shareholders saying that he was at the helm of "one of the strongest and most stable banks in the world" on Nov. 26, 2008
Not to be trusted
Calculating A Proper Valuation For Silver Wheaton [View article]
I think Aurcana Corp and Minco Silver are undervalued relative to other silver companies. Just my two cents.
Bank Of America Will Likely Bottom At $5 [View article]
http://bit.ly/x5vhPk
It the wake of MF Global, Bear Stearns, AIG, etc., is it really so crazy to believe that BofA might go the same route? Have we learned nothing from those failures?
BofA has exposure to European sovereign debt and Eurozone banking debt. BofA has exposure to huge amounts of derivatives on their books that I believe are not being correctly valued and could be a time bomb should the debt crisis in Europe accelerate.
If those leveraged bets go bust or even lose 50% or more of their value, BofA will struggle to survive.
This is my basis for the $0 bottom comment, take it or leave it. I know people on this board like to attack anyone with a short idea because they are long BofA. That is pretty childish. I am long SLW, but I don't go around attacking people that think it is better to short silver right now. Have at it!
Anyway, just like I said when I shorted BofA at $8+, let's return to this board in 6 months and see what has transpired. The only hope for BofA rebounding and surviving is another massive bailout. They are a leech on taxpayers and should have already failed in a true free market.
Peace.
Bank Of America Will Likely Bottom At $5 [View article]
Bank Of America: An Attractive Play For A Diversified Long-Term Investor [View article]
Bank Of America Will Likely Bottom At $5 [View article]
http://seekingalpha.co...
Updating Price Targets And Ratings For 5 Solar Companies [View article]
Bet Against Buffett: Short Bank Of America On The Rally [View article]
http://cnnmon.ie/t6Yf75
Orestruss? Hello?
Why I'm Avoiding Groupon [View article]
In the US, initial public offerings (IPOs) cannot be sold short for a month after they start trading. This mechanism is in place to ensure a degree of price stability during a company's initial trading period. However, some brokerages that specialize in penny stocks (referred to colloquially as bucket shops) have used the lack of short selling during this month to pump and dump thinly traded IPOs. Canada and other countries do allow selling IPOs (including U.S. IPOs) short.
Why I'm Avoiding Groupon [View article]
25 Ways To Invest In Silver [View article]
CEF for a mix of silver and gold bullion
AUNFF for a junior ready to pop
4 Stocks To Carry You Through A Gold And Silver Correction [View article]
There are no markets, only interventions