deuxsous

Comment Stream

Filter comments by:

Highest rated Latest comments

Or filter by symbol:

Gold and Oil: A Long Term Play on the Economy

Gold Barron,

That's a very interesting oil price history which I've not seen that far back before. When February NYMEX NY Harbor crude oil futures got as low as $36.15 per bbl recently and the NY cash was at $32.15 on December 24th and 26th it was virtually on your post-1970 average world price. Since then the NY cash price bounced as high at $48.81 earlier this week . With your data it's easier to consider the possibility that the long term average price is good support for the time being.

screencast.com/t/rUcJi...
Jan 07 19:26 pm |Rating: 0 0 |Link to Comment |View article
Gold and Oil: A Long Term Play on the Economy

Thanks for your calm and well-reasoned long term view which I share.
Jan 07 15:41 pm |Rating: 0 0 |Link to Comment |View article
Will the New GCC Single Currency Include Gold?

If the dollar is so bad why are the Gulf sheiks worried so much about the price of oil in dollars falling?
Jan 04 22:41 pm |Rating: 0 0 |Link to Comment |View article
Gaza War: Expect a Spike in Oil, Gold

Gaza is irrelevant.... It's just another third world street gang trying to up the ante and losing. It's possible the producers are using it as an excuse to try a short squeeze in crude oil futures, but as an event it's meaningless.
Jan 04 22:37 pm |Rating: +2 -4 |Link to Comment |View article
The Manipulation of Gold and Silver Prices

Yes, I think JPM's reputed size on Comex is immaterial to the world gold price since that world price is fungible and "arbitrage-able&q... instantly. All discrepancies between NY and other world gold center (Tokyo, London, Dubai, etc.) prices are instantly arbitraged. If JPM can have that many shorts in the NY market and it doesn't really affect the world price, that's the sign of a large and very healthy market.

I spend my time on price analysis and fundamental analysis and leave the BS to others. I only bother to comment occasionally because the incessant BS pisses me off as wasteful, and I hate to see another generation of gold investors sucked into that vortex of ignorance. Gold is a very worthwhile investment asset, but the distractions of the "manipulationista... are a real pain in the rear when people are trying to gauge the real market.
Dec 31 16:35 pm |Rating: 0 0 |Link to Comment |View article
The Manipulation of Gold and Silver Prices

It's clear to me that the government WANTS gold to go UP not DOWN! Why else would they be inflating every minute of every day? How many times per week do you hear a CONgrASS person or bureuacrat say the word "reflation"? Now is that "manipulation&quo... or just "public policy"?

Why don't the armies of NCGB's here at this site and elsewhere EVER get it???????????? It's enough to drive a good man to drink on New Year's Eve.

Happy 2009 to all NCGB's and the very few normal gold investors!
Dec 31 14:48 pm |Rating: +1 0 |Link to Comment |View article
The Manipulation of Gold and Silver Prices

""My purpose here is to illustrate the reckless manner in which the big players have distorted what were once “normal” markets. JPM is not a gold miner, it is not a gold user, and it is not a central bank. Why, then, is JPM participating in the gold futures markets? For one reason alone: what was once a means for producers and users to hedge an actual production process has become a casino. The big investment banks have “trading desks” who engage in speculation."&quo...

The stated purpose of futures exchanges was and is to provide a forum in which producers and users may exchange their risk to speculators. Without speculators there is no exchange of risk. What is there about that function which should make you angry and disturbed, seeing evil manipulators under every bed?
Dec 31 10:18 am |Rating: 0 0 |Link to Comment |View article
The Manipulation of Gold and Silver Prices

Hmmmmm...on the email sending me this article from Seeking Alpha, Hamlin was listed as the source, but here at the site it says Peter Degraaf.
Dec 30 21:52 pm |Rating: 0 0 |Link to Comment |View article
The Manipulation of Gold and Silver Prices

I parted company from the goldbugs in the late 1990's when they were reduced to claiming that gold should go up during deflation (!) and also claimed the reason it didn't go up was because of a massive manipulative conspiracy. But it was back then really just a bear market in gold as it was in oil and grains and the CRB Inxdex in general. What could have been more obvious?

In many cases the manipulation addicts are paid by the miners and others to promote the gold price in any way they can. I know little or nothing about Mr. Hamlin, and I certainly do not mean to accuse him AT ALL of being in that league. He may simply be fooled by the marketing manipulators' constant barrage as many others are.

I still love and own gold as a hedge just as I love and own home, car and health insurance. I don't really want to see any of them pay off, but I buy them "just in case". The rest is marketing hype and other uglier varieties of BS.
Dec 30 21:48 pm |Rating: 0 0 |Link to Comment |View article
On Martin Armstrong's 'It's Just Time'

www.sec.gov/litigation...

www.derivativesstrateg...

Dec 24 21:52 pm |Rating: 0 0 |Link to Comment |View article
On Martin Armstrong's 'It's Just Time'

home.att.net/~fcwriter/news9.htm#p...

home.att.net/~fcwriter/news141.htm...

users.rcn.com/offshore...

www.derivativesstrateg...

search.japantimes.co.j...

www.gata.org/node/550

www.usagold.com/cpmfor.../

www.gold-eagle.com/gol...

www.independent.co.uk/...

Dec 24 21:45 pm |Rating: 0 0 |Link to Comment |View article
On Martin Armstrong's 'It's Just Time'

I'll bet that the people commenting here on "St. Martin Martyr" will say the same things about Madoff whom Martin resembles so much. Martin ran a very big scam bond deal in Japan which was what the court sought evidence about. He's still conning lots of people evidently. It's hilarious.
Dec 24 19:58 pm |Rating: 0 0 |Link to Comment |View article
The Fear Bubble: Treasuries and Gold

Deflation and devaluation are coming, therefore Treasury Bonds and
Gold.
Dec 17 15:46 pm |Rating: 0 -1 |Link to Comment |View article
China's Greatest Trade Ever: The Sequel

Do you own any gold or just paper?
Nov 20 08:30 am |Rating: 0 0 |Link to Comment |View article
On Martin Armstrong's 'It's Just Time'

Armstrong is still in prison because of losing several judicial appeals in Federal courts which never spoke to the evidence he was compelled to produce by the original judge in his case which would have proven whether he was guilty or innocent. All this can be found by intelligent web search along with a lot of misinformed opinion about Armstrong, including this article.

Even at this late juncture in his career Armstrong is still failing to credit Samuel Benner's cycle book, which I own, for his own "Confidence" Model. My edition of "Benner's Prophecies of Future Ups and Downs in Prices" was published in 1879, and Armstrong had a copy of Benner's chart on his PEI website before it was disconnected. I managed to save some of his work, including the Benner chart, as the author of this article did.

A Benner chart was also included in my copy of Frost and Prechter's very famous "Elliott Wave Principles". The first edition of Frost and Prechter's book came out in 1978 and the second, which I have, in 1981. So Armstrong would have known full well from whence came the "mysterious" Benner chart he put on his PEI website in the late 1990's.

I truly feel very sorry for him wasting his life and considerable talent away in prison for a few more years still, and particularly I feel sorry for his family; but he has done it all to himself. I'd feel even sorrier if he had acknowledged his very large debt owed to Samuel Benner.
Nov 06 19:24 pm |Rating: 0 0 |Link to Comment |View article

deuxsous's Comments Stream Stats

79 Comments, 3 , 5
Total Comment Stream rating - = -2

Free E-Newsletters
Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
The Macro View - Sample Seeking Alpha - The Macro View Market Outlook An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Oil Price Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning Oil Down 48% from Highs by Bespoke Investment Group Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon Economy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Investing Ideas - Sample Seeking Alpha - Investing Ideas Cramer's Picks Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham Long Ideas Utilities Beginning to Generate Interest for Longs by Joe Kunkle The Long Case for Encore Capital by Value Investor Insight 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan Two Global Infrastructure Investment Opportunities in ETFs by Investment U Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham Short Ideas Why Short Sellers Are the Heroes of Wall Street by Investment U Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger Email continues...
Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
Email continues...
Stocks & Sectors - Sample Seeking Alpha - Stocks & Sectors Internet eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman Is Google Feeling Lucky? by Sam Gustin Why Today Could Suck for Tech by Kevin Maney Media A Triple Financial Whammy Afflicts Newspapers by Ken Doctor Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld How Will Arbitron Fare in This Market? by Sreeni Meka Telecom Ten Ways to Invest in Louisiana by Stockerblog Earnings Preview: Electro-Optical Engineering by theflyonthewall.com Shared Docks Via WiFi All the Rage by Dean Bubley Financial Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson Reality Bites As Stocks Continue To Collapse by The Mole LIBOR Shows Worst Is Yet to Come for Credit Markets by Keith Fitz-Gerald Email continues...
Global Markets - Sample Seeking Alpha - Global Markets China An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript Perfect World Announces Share Repurchase Program by Trader Mark China: Hot Money Inflows Down, Nervousness Up by Michael Pettis India Indian Economy Has Much to Cheer About by Equitymaster India: RBI Cuts Cash Reserve Ratio by Equitymaster India: Markets Continue Downward by Equitymaster Japan Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media Asia Four International Dividend Stocks to Watch by David Hunkar Eastern Europe Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Alternative Energy Investing - Sample Seeking Alpha - Alternative Energy Alternative Energy Seven Stocks for an Impending Apocalypse by H.J. Huneycutt Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz Trina Solar Looks Good, Though Market Yawns by Trader Mark The Electric Car Market: Wise Energy Use Stocks by Tom Konrad Investing in the Power of the Sea
ETF Daily - Sample Seeking Alpha - ETF Daily Sector ETFs Too Early To Buy Homebuilders ETF by Larry MacDonald Utilities Beginning to Generate Interest for Longs by Joe Kunkle Two Global Infrastructure Investment Opportunities in ETFs by Investment U New ETFs First Trust Launches Infrastructure ETF with Global Reach by Index Universe Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla Emerging Market ETFs Brazil Is the Best of BRIC by Carl T. Delfeld Playing the Market in Difficult Times by Jason Hamlin
The Daily Dispatch - Sample Seeking Alpha - Daily Dispatch Wall Street Breakfast Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby US Market An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Housing & Real Estate Too Early To Buy Homebuilders ETF by Larry MacDonald Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono Transcripts TrueBlue, Inc. Q3 2008 Earnings Call Transcript Polycom, Inc. Q3 2008 Earnings Call Transcript ETF Too Early To Buy Homebuilders ETF by Larry MacDonald
We don't spam