Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I consider Rush a troll as is Ted Nugent. Geez, I could list them for a while.
Way back in the wild west days of the internet before WWW, we had to deal with trolls on the UseNetNewsGroups and Freenets. The only way you can deal with a troll is…
geez, lots of lovers and haters of this fund. I'm a lover. Owned it in all accounts for over 10 years. think of it like ballast. never gonna get you rich, never going to break your back.
and so it goes,
peace,
rono
Reply to @bee:
Wasn't aware of it, but not surprised. China has a huge demand for gold as does India. Until this past decade, it was illegal for Chinese to own gold. This pent up demand coupled with their new found entrepreneurial class seekin…
Howdy,
I've got a silver miner play on that's very exciting. I've been scaling into both ASM and MGN. I earlier grabbed some PAAS which actually pays 3.5% and ramped up my bare bones holding in SIL. Kept SLW as a sentimental favorite being my on…
Howdy,
Geez, the industry wrote the bill, it should benefit them. Until you see a one payer system, costs are going to go up on all fronts - health insurance, medical, hospitals, drugs - and there are no constraints, particularly out of Washington…
Cripes. It should be built and I'm a card carrying tree hugger. Build it with the ROW planted and maintained with native plants to serve as a wildlife corridor. Bond for regular maintenance.
Pipeline is the most efficient mode of transportatio…
Howdy,
Yeah, I've been watching it but I'm playing it with my two local utes. With the fracking and 'unlimited stateside supply' this is a very tricky play on the long side.
peace,
rono
Howdy folks,
Great video, professor. I concur with Shultz most of the time. He's created a great business and still maintained his connection with reality. I do NOT drink Starbucks coffee. They over roast the beans and the folks that do buy dri…
Howdy campers,
Geez, Mark, how cold IS it up there in Minnesota? ;-) teehehe
I'm pretty much with Anna these days although I've been posting with you folks for a few years now - pretty much from the beginning of FundAlarm.
I'd venture to sa…
Howdy folks,
I don't see how the new MyIRA can hurt particularly if it's something like cman suggested. However, some observations that need to be made. First, the vast majority of the target audience of this new retirement savings account cann…
Hi guys,
Hope you're doing well. The Bitcoin is starting to gain more acceptance but I agree with the author, it's not likely to replace or even challenge the dollar. What it does do is provide competition for the plastic cards using old technolo…
Reply to @Old_Skeet:
Howdy,
Very interesting. Before you pull the trigger, explore the Federal tax implications of signing away the development rights. Basically, you take a tax credit on the difference between the assessed value in a developed…
Howdy,
Thanks for the kind words. We got slammed. Lots of folks are still w/o power. Drag on the Eve. Ours was out for about 24 hours, but I've got a 17K Generac so I don't worry as much. You can't live out in the sticks without system redunda…
Howdy,
Added to my local utility, bought a couple of miners for sh*ts and giggles, pretty much all in for the season. Loaded up around turkey day. Did buy both FB TWTR and they're both doing very well. Right now it's good.
Sold my muni ETF for…
Howdy folks,
Nice article and conversation. Yeah, there are a lot of folks that take delight in hammering the gold bugs, but geez, they bring a lot of this on themselves - they can be very shrill - as can be their detractors. Whenever folks get …
Howdy hank,
Easiest thing for folks to do is rebalance. Folks should simply sell enough equities and buy enough bonds, cash or whatever, to bring things back into their target allocation. Not doing this can be brutal as witness the dot.com melt…
Hi Anna,
Alas, that's what I fear. The distribution of wealth is rapidly approaching that of czarist russia, unemployment is still over 20%, washington is cashing their lobbist paychecks, we now have an education system worse than Vietnam.
Oh, …
Hi Mike,
Hope you're doing well. I can't say I disagree with you. Hell, I'm playing them on a purely speculative note. feh. As for asset allocation to pm's, that should be physical only. The rest is no different from bitcoins.
peace,
rono
BTW, here you go for all you tree hugger types - phytomining.
http://www.livescience.com/28676-plants-grow-gold.html
It's related to phytoremediation that is used to decontaminate polluted sites. There are specific plants that like particular hea…
Howdy,
Thanks for posting. Detroit will be approved and most likely the pensioners will suffer, as will DIA. I think the state should float a bond issue and buy the art and keep it. Hell, I'd buy a bond.
Chicago? Mercy. The states pension f…
Howdy,
They'll do it and it will make sense in some situations. The 10 mile radius from a distribution center almost insures it will be in an urban center which means they'll need mini landing zones. feh. Apparently, amazon is dropping between $…
Howdy campers,
There is some truth that the advent of the pm ETFs changed the historical patterns of the gold/XAU ratio [read: POG vs. a basket of mining stocks]. We watched it happen and I actually logged it daily on this board's parent site as …
Thanks johnN,
I'm tax swapping a MI muni bond fun right now. It got whacked earlier in the year with the daytwah bankruptcy and I'm taking the loss and buying it back. I'm researching alternatives AND counting days.
Good article and the nut as…
Thanks folks,
I was figuring calendar days AND trade date, but wanted to check with you AND allow a cushion of a couple of weeks. feh. These are the Blue Meanies we're dealing with boys and girls, and I would rather not take any chances.
In ad…
Reply to @johnN:
Hi johnN,
Hope you're doing well. I'm great. I am still slowly adding to my pm's but slowly. That said, I doubt we'll see any explosive breakout upward. It seems to be trapped in a trading range which militates against any ma…
The lemur is leaving? feh. WTF cares. As so many have mentioned, you never really want to listen to them talk - just read the tape with the volume off. Fox is the religinazi channel and many of the trash on CNBC are soooo hoping to leave like th…
Howdy folks,
Regardless of the actual figure, it's way too high relative to the overall population or the number of employed. Cripes, we're still in a depression and there is a lot of pain on Main St. Unemployment is closer to 23% and inflation 5…
Howdy all and thanks much for the great info,
You knew they were going to get his stash one way or another. Bitcoin is a pretty decent idea and who knows, it may still have legs. God knows we could use some alternatives. That said, at most it is…
Howdy,
I'm with Skeeter on this. I think it's a frothy and while I wouldn't fight the Fed, I have raised a little cash and reaped a tax loss.
Where I am thinking about making a play is with Twitter? Anyone else?
rono
Hi Scott,
The general consensus is that they'll continue until at least April. Great for stocks, but this sucker is getting reall frothy. That said you can't fight the Fed. Geez, who knows but they might continue QE forever. The recovery once …
Hi Hank,
Good read and so interesting in a deja vu since. I remember back in the 90's when my wife had her 401K with a baby bell and it contained 5 choices - all of which were 'in house' company funds (unlisted and no tickers) and limited trades t…
Thanks good peeps. How about Tor browsers and the Deep Web? Cripes, it shouldn't be surprising for us old geezers that were around when UseNetNews was the rage and the internet had never heard of the WWW. The common theme is that the newsgroups w…
Howdy,
Yeah, well. I guess. Obama wasn't going to give up any part of us baby and the Tea Party wing of the GOP in congress are mostly talking from safe gerry mandered seats so they really don't GAF . . . they're representing the folks that elect…
Hi slick,
While my advice pales in comparison with the previous responses, I would stress that you want to maintain as much flexibility as possible. Each of our retirement instruments has a different withdrawal profile and while some might not see…
Howdy,
Hank's pretty spot on - Summers has an arrogance that you can feel and has made a lot of enemies. Yellen hasn't. I really don't see much of a change at the Fed from Uncle Ben.
rono
Howdy folks,
Yeah, 'and the madness of crowds'. feh. cretins. How are WE going to profit from their madness boys and girls. Right now it looks like they will either go over now or in a few months if they somehow pass a stop gap bill. Hell, all…
duh, CNBC was bad years ago when Gary Smith shared that he never ever watched it with the volume on at all - just watched the tape. In recent years, they've really sunk into the cesspool of bad journalism. Hell, they're trying to out nazi and ou…
Reply to @Joe:
Yeppers. Without their borrowing $85B/month this economy is going into the tank. Trouble is that it's all going to wall street and equities and nothing is trickling down at all. Nada. We're still in the mother of all liquidity tr…
Howdy,
DingDong the Witch is Dead. So happy no Summers. He was TreasSec under Clinton and it was on his watch that GlassSteagal was dismantled. From my perspective, he was as responsible for the meltdown as any other single human being.
The …
