I am outta the metals! GS told me to exit...
MilesWaits
Posts: 5,356 ✭✭✭✭✭
MilesWaits
Posts: 5,356 ✭✭✭✭✭
MilesWaits
Posts: 5,356 ✭✭✭✭✭
Comments
Goldman, always good for a laugh.
Now back to slaughtering the Muppet's
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That's interesting. When I think of escape velocity, I think of escaping the effects of earth's gravitational pull but I never heard Mission Control refer to escape velocity as "below trend".
I knew it would happen.
a general question for the audience.
Does GS buy/sell a lot of paper Au?
<< <i>For a moment I thought you meant GOLDSAINT
a general question for the audience.
Does GS buy/sell a lot of paper Au? >>
I was thinking GOLDSAINT as well. THAT had me scared!
where to run? where to hide? Cash???
Liberty: Parent of Science & Industry
<< <i>Goldman Sachs analyst thinks stock market is due for a correction, too..
where to run? where to hide? Cash??? >>
Well it's pretty hard to time corrections even if you agree that one is due.
I would say one pretty much has to remain in the market through the various small corrections the market coughs up, unless of course you're either a mind reader or have exceptional intuition, I just don't think there is any sure way to time those small ups and downs. People should try to choose investments in a diversified group of high quality companies across a mix of sectors. It would be a start anyway. Personally, I am a bit of a chicken when it comes to the market. I believe to really be able to hold your own you have to do your homework and commit time to your investments, and I mean time during the day when the market is active, not after work for an hour right before you go to bed. You have to be keeping up with things. Most people fail right there. They invest without understanding and then act shocked when it doesn't work out. Strange, as most wouldn't engage in that type of behavior in other aspects of their lives.
Some probably will think this is nuts, but I still favor high quality residential real estate for the long term investment. I'm saying minimum of 15 years. By high quality I don't necessarily mean high price, though the criteria I would use would no doubt dictate a higher price. What I mean is I'm not interested in being a slum lord. I would want to hold property in desirable areas were the rental history is long and strong and the rental payments have shown steady growth when averaged over any three to four year span and where there was already good infrastructure, jobs, restaurants, attractions and other aspects to the neighborhood and surrounding area that contribute to a general quality of life. I think that a well run apartment building, 8 to 12 unit building, or a couple of multi-family homes can be a good way to store wealth and create wealth. Of course as we know in real estate it has much to do with Location, location, location. And I would also say that just like investments made in the stock market, you can't simply, as Ron Popeil would say, "set it and forget it", if one wants good results its going to take work.
Charles III Album
Charles III Portrait Set
Charles IV Album
Charles IV Portrait Set
Spanish Colonial Pillar Set
<< <i>
<< <i>Goldman Sachs analyst thinks stock market is due for a correction, too..
where to run? where to hide? Cash??? >>
Well it's pretty hard to time corrections even if you agree that one is due.
I would say one pretty much has to remain in the market through the various small corrections the market coughs up, unless of course you're either a mind reader or have exceptional intuition, I just don't think there is any sure way to time those small ups and downs. People should try to choose investments in a diversified group of high quality companies across a mix of sectors. It would be a start anyway. Personally, I am a bit of a chicken when it comes to the market. I believe to really be able to hold your own you have to do your homework and commit time to your investments, and I mean time during the day when the market is active, not after work for an hour right before you go to bed. You have to be keeping up with things. Most people fail right there. They invest without understanding and then act shocked when it doesn't work out. Strange, as most wouldn't engage in that type of behavior in other aspects of their lives.
Some probably will think this is nuts, but I still favor high quality residential real estate for the long term investment. I'm saying minimum of 15 years. By high quality I don't necessarily mean high price, though the criteria I would use would no doubt dictate a higher price. What I mean is I'm not interested in being a slum lord. I would want to hold property in desirable areas were the rental history is long and strong and the rental payments have shown steady growth when averaged over any three to four year span and where there was already good infrastructure, jobs, restaurants, attractions and other aspects to the neighborhood and surrounding area that contribute to a general quality of life. I think that a well run apartment building, 8 to 12 unit building, or a couple of multi-family homes can be a good way to store wealth and create wealth. Of course as we know in real estate it has much to do with Location, location, location. And I would also say that just like investments made in the stock market, you can't simply, as Ron Popeil would say, "set it and forget it", if one wants good results its going to take work.
>>
dang good post JC,
Liberty: Parent of Science & Industry
I knew it would happen.
<< <i>Blackstone agrees with you Johnny >>
Your link she no worky
I knew it would happen.
Knowledge is the enemy of fear
<< <i>Interesting that no one poo-poo'd Goldmans forecast of $1800 gold in 2012. >>
Why? That was a reasonable bounce off the $1530 area back to $1796. In fact, someone I knew who bought gold at $1850 in August 2011 was asking about it in Sept 2012. I told them at $1738 to unload just before
the Long Beach show. They didn't. When it got to $1790 during that LB show I told them in no uncertain terms to sell it now or live with that decision for a while. I didn't realize just how long that "while" might be. Sometimes,
even these TBTF banks make a perfectly reasonable assessment of the PM market. It was probably by sheer luck or an error where the correct information mistakenly made it out of the GS office.
Well, never mind. Theirs is to do, not to say.
<< <i>
<< <i>Interesting that no one poo-poo'd Goldmans forecast of $1800 gold in 2012. >>
Why? That was a reasonable bounce off the $1530 area back to $1796. In fact, someone I knew who bought gold at $1850 in August 2011 was asking about it in Sept 2012. I told them at $1738 to unload just before
the Long Beach show. They didn't. When it got to $1790 during that LB show I told them in no uncertain terms to sell it now or live with that decision for a while. I didn't realize just how long that "while" might be. Sometimes,
even these TBTF banks make a perfectly reasonable assessment of the PM market. It was probably by sheer luck or an error where the correct information mistakenly made it out of the GS office.
Would you have given the same advice, RR, to those that bought at between $400-$500?
Thank you for continuing to support the PM forum with your insight!
On Tuesday the NY Times had an article about the Fed trying to get the big banks out of the commodity speculation markets. If as the conspiracy theorists say, and that is a large if, the banks are conspiring to keep precious metals down for various reasons, would not their exit from commodity speculation be bullish for gold?
<< <i>
<< <i>
<< <i>Interesting that no one poo-poo'd Goldmans forecast of $1800 gold in 2012. >>
Why? That was a reasonable bounce off the $1530 area back to $1796. In fact, someone I knew who bought gold at $1850 in August 2011 was asking about it in Sept 2012. I told them at $1738 to unload just before
the Long Beach show. They didn't. When it got to $1790 during that LB show I told them in no uncertain terms to sell it now or live with that decision for a while. I didn't realize just how long that "while" might be. Sometimes,
even these TBTF banks make a perfectly reasonable assessment of the PM market. It was probably by sheer luck or an error where the correct information mistakenly made it out of the GS office.
Would you have given the same advice, RR, to those that bought at between $400-$500?
Thank you for continuing to support the PM forum with your insight! >>
Everyone is different. And in the case of that guy he was starting to mention that college expenses would be soon needed (ie then why did he get into gold in the first place?....yeah, I know). So in that case it was a no brainer to bail in the $1700's nearer cost. For those that bought at $400-$500 it would have depended on how much they unloaded in the $1800-$1900 already. There are so many variables to take into account that everyone's story would be different based on income, tax liability, maintaining a reasonable gold insurance egg, etc. For a pure speculator who was worried about losing profit, didn't care about a gold egg safety net, and didn't bail out in 2011......I'd have told them to get out in 2012 in the $1700's while they still could.
The exit of JPM and others from excessive commodity market speculation could be quite bullish for PMs, especially as some of those guys unload their hefty short positions (ie in silver). On the flip side, the biggest US banks are
actually quite long in gold futures. Dumping all those could work out bearish for gold over a multi-month period. I think most of these guys are like icebergs. Their total positioning is 90% hidden under the water. All we get to
see is the upper 10%.
Exactly! This factor almost nullifies the significance of whether gold goes up or down by 20% in the short term. And personal situations do change as well.
I knew it would happen.
<< <i>Wall Street Journal Says Gold is Going to Rally >>
Settin up retail for a big crush...
<< <i>Well, as of this moment we are up $3.50 from last Friday's close. All in all a fairly calm week.
On Tuesday the NY Times had an article about the Fed trying to get the big banks out of the commodity speculation markets. If as the conspiracy theorists say, and that is a large if, the banks are conspiring to keep precious metals down for various reasons, would not their exit from commodity speculation be bullish for gold? >>
Those conspiracy theorists need to find better things to do with their time. Banks exiting will have no effect on gold prices. You can find all sorts of excuses why gold has been down. The reality is that fundamentals have weakened for gold after 13 straight years of gains.