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.
Howdy,
Can't say I disagree with anyone posting. Your trigger point has to be your ability to sleep . . . or not. Not a big issue as this would be an incremental rebalancing. You would want to lighten up discretely and prudently and hopefully w…
Howdy folks,
Geez, it's your basic CYA stuff. I'm not doing anything really crazy. Diversify your portfolio and your wealth. Get out of debt. Have a diversified emergency fund that could cover a year or so. Seek additional streams of income. …
Howdy,
MEAFX is their Asian Currency fund. They've got a Absolute Return Currency fund MABFX but if you note on the link, they're ALL currency plays. Currency has always been Axel's forte'.
http://www.merkfunds.com/fund/
We own MEAFX but not …
Howdy,
I'd compare it to merk's stuff - MEAFX or MABFX. MERKX is very close to PRPFX so it's not what you're looking for. Also, consider just buying currency ETF's. FXC or FXA for canada or australia. I think they've got them for many countries…
Hi all,
Good discussion.
The nut is to be damn careful and prudent. Money can't get any cheaper, so the only direction for the FED and interest rates is Up. When this even occurs, it will result in a market setback (i.e. let's say 10%). That's…
Hi DAK,
Good stuff as usual.
If this sort of market activity bothers people, there is a pretty easy way to avoid it - take possession. Get yourself a safe deposit box and own physical bullion.
It's not unlike the action on a bond fund when ra…
Hi DAK,
I have never bought from a mine and would hesitate to do so. Not because of the price, per se, but because of the pedigree . . . or lack thereof. Fungibility is crucial when buying physical bullion. The American Eagles can be traded at m…
Hi freak,
I've got some that were transferred but Scottrade quieried me about each this past year. Hell, the cretins even quieried me about stuff I'd bought on their watch.
I just fill in the blanks BUT once you've got them all recorded, you don'…
Howdy all,
I'd be cautious and quick to rebalance - and take profits.
Watched a great interview TWICE of McCully and Consuelo Mack. He avers strongly that you should NOT put anything into equities at this momemnt, rebalance and profit take your e…
Howdy DAK,
Great stuff. I cut back my paper play this past week as my stops were broken but am looking to add physical at these sale prices. I need to get some annual coins and this looks like it might be a good time. Soros and Slim, seasonality…
Howdy,
Good stuff and thanks MSF. Last year scottrade made me go thru and record the cost basis for all of our taxable securities. This has been coming. The IRS wants to better track the gains on asset sales to maximize tax receipts. It's the…
Hey Joe,
The silver market had gone nuts and was ripe for respite. It got hit with a perfect storm of negativity and that caused about a 25% drop. It may be more before it's done but that's OK. As I mentioned above, we're going into the off seas…
Hi Scott/all,
You mention the ag space and mention BIP which I had yet to hear of - thx - I failed to mention my fav dividend play for quite and while and that's NGV
http://www.bloomberg.com/apps/quote?ticker=NCV:US
Note the yield of almost 12%. …
Hi John,
I'm not sure there is a reasonable level, per se, to start buying silver - or to stop buying silver. It's all about you and your portfolio and your goals and objectives.
I sold some (25%) of my paper holdings earlier this week and some m…
Hi Scott,
Saw a trailer this morning that Carlos Slim was shorting bigtime. If so, it would explain things. However, I personally see it as a lightening up on the paper side and buying on the physical. The long term fundamentals haven't changed.…
Howdy all,
I actually started trimming my speculative paper pm's today per exit strategy. I still like them long term and for huge fundamental reasons, but you must have and stick to your exit strategy. I reduced my spec paper position by ~25%.…
Hi Shos,
Good points all and from an investors perspectie, all quite true. That said, many buyers see gold as the penultimate store of value.
And besides, Warren bought a pot full of silver back in the early 2000's after the run had begun, and th…
Hi Strider,
That's the nut. Gold and silver (and oil, cotton, wheat, corn, etc.) have not changed in price. The unit of measure that the price is measured in - the dollar - has.
90% circulated U.S. silver coinage (up until 1964) is selling for…
Howdy all,
Well, Investor, you are correct and silver mania will come to an end. So will gold mania and so did dot.com and real estate . . . and tulips.
I'm not sure I'd call this current market manic, however. AND, between now and the day sil…
Howdy,
It's been happening quite often with mining shares (and therefore pm mutual funds) and indeed, all throughout this bull market, the miners have lagged bullion. This is expressed by the gold/XAU ratio which has recently jumped to over 7. It…
Excuse me but what is the problem?!?
I was stating that to put things in perspective, new inflation adjusted all time highs for gold and silver would be in the 2300 and 130 range. I didn't say that this was an equilibrium price or a justified pr…
Howdy folks,
Austerity is probably what we're looking at and it could last 10-15 years. What scares me more is the distribution of wealth and the genocide of the middle class. The middle class is being extermimated and we will be lucky if we ca…
Howdy,
OK, so gold's at 1500 and silver is at 48 - so what. As Bob said, DCA or scale into a position and you can do that at ANY price. Ignore the price as it's completely relative. Just focus on what you pay and what it does thereafter.
Le…
I think you folks are all on track. The most likely future is one of austerity which thanks to ExEditor, is stagflation with NO growth. aaarrgggh.
Diversified. Divididends. Commodities sure, but real stuff that will hold its value while they d…
Hi folks,
Everything at this point is speculation. It appears as if china's economy will surpass ours sometime in the future, and it appears as if we have some serious problems in this country that need to be overcome. However, this is all dealin…
Howdy,
I've only had one homerun but have had many flyers that shat on my head like a bunch of birds. Paladin Tech. Had a viagra sub that you inhaled, worked for both men and women and also impacted mood. feh. Failed FDA trials.
I don't cons…
Howdy,
Just found this article by Sprott on why silver is still the place to be and that the g/s ratio may got to single digits.
http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits
peace,
rono
Howdy,
Like the others have said, there are many reason why you would sell a fund or any investment. They've covered the bases, so I'll just talk about scaling out of a trade.
If I'm speculating in some particular asset class, I set mental stop l…
Hi PopTart,
It's hard to say and frankly, it so 'on the margin' that I'm not sure it's worth worrying about. The issue is that anyone holding this fund in a taxable account needs to check out their website for the following disclaimer. Note that…
Howdy,
I'd add some Asia via one of the Matthews funds like MACSX or MAPIX. Another possibilty after this addition would be either EUROX or TREMX.
peace,
rono
Hi PopTart,
They are different asset classes traded in different markets. Bullion is a commodity and traded on the commodity markets while stocks of companies that mine bullion are traded on one of the various stock exchanges.
As such, while the…
Howdy all,
In response to Mo earlier, he's absolutely correct that if we indeed have an extended bout with inflation, using debt wisely can be very, very beneficial as you're paying off your loan with cheaper dollars. That's why bond holders hate …
Hi Scott/Bee,
I'm not sure I'd read anything negative into this movement, but who knows. Keep in mind, however, that we've already entered the 'off season' for gold and it is normally downish until fall.
That's actually one of the most bullish …
Hi Andy,
If you feel we're facing a time of uncertainty, you need to get defensive. That historically meant healthy and consumer staples, underweight equities to bonds and whatnot.
Today, I don't really see that as sufficient - largely because…
