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  • Now Is the Time to Be Buying Goldcorp
    @dlaw: gg is down 50% while the 'yellow metal with few industrial uses' has fallen 25% (both from their respective peaks). You might want to look at the recent statements by the German Bundesbank, which is still the second largest gold holder in the world and their comments on gold's substantial role as an anchor and backer of a currency's value. Funny thing is, people sold everything related to 'industrial commodities# due to fears of a worldwide recession. And while paper money gets printed like mad and a 500 billion bailout of fannie and freddie gets underway, gold gets sold off. Go figure: banks have witten down 500 bn in impaired assets - and 500 bn will probably be replaced by taxpayers via the fannie/freddie bailout. asset destruction, deleveraging? sure. but that paper stuff gets replaced with new paper stuff instantly. The recent dollar rally has zero to do with a comeback of strength of the greenback . it's simply overwhelming short term money flows (capital repatriations from overseas investments). once that passes the dollar will see a terminal drop which little ammunition left to stem it. Gold will be at 2000$/oz within 5 years. Now, how would GG look then?
    Sep 12 03:44 am |Rating: 0 0 |Link to Comment |View article
  • Now Is the Time to Be Buying Goldcorp
    well written, convincing article.
    One observation, though:
    '...there will be downward pressure on the stocks of quality commodity producers.'
    Well, maybe we have different measures of 'downward pressure' but to me there has been a bloodbath going on for the last couple of weeks in high quality commodity producers. Of course, that doesn't mean they couldn't fall even more, but to me there has been panic sellling and heavy liquidation going on like in almost no ther sector - except earlier in financials and homebuilders, perhaps
    Sep 12 03:38 am |Rating: 0 0 |Link to Comment |View article
  • The Street's Take on Banks' Loss Reserve Adequacy Mainly Half-Baked
    Thanks tom, for another very insightful article. To be honest, though, this stuff is too hard for me to really follow and understand, especially with all the tricks and maneuvres banks have at their disposal to hide and mask problems. I will therefore stick to my self-imposed rule and never ever invest in a banking stock.
    Sep 11 06:26 am |Rating: 0 0 |Link to Comment |View article
  • Six Months of Changes Since the Last OPEC Meeting
    good article, though I doubt any of OPEC's numbers, and especially those coming from the Saudis. With no new major oil find and pumping relentlessly, Saudi Arabia's reserves stay flat year after year after year. Go figure, the Exxons and Conocos of the world will be very keen indeed to know more about this magic wand that is replacing every pumped barrel of oil instantly.- Bottom line: for all their talk of raising and lowering quotas, i don't believe they have pumped more oil in the first place . And therefore, they need not cut it now anyway. The proof for all those fancy pumping and reserve numbers will come a few years out when key producers such as mexico and Iran will either see irreversible further hefty drops in oil output (Mex) or lower exports because they need the stuff for themselves (iran). It could well be, that the world wakes up and sees the emperor has no clothes. $100/bl will look like a heck of a bargain at that time.
    Sep 10 10:24 am |Rating: 0 0