Official Short-term Investments Thread [Archive] - Page 216 - Beyond.ca - Car Forums

broken_legs

03-04-2011, 01:14 AM

Originally posted by Hi-Psi
Nobody is going to pay for BBM, somehow someone is going to find a way to make it for free.

I love BBM but I would never pay a dime for it

why the F, would Ipay for BBM when there are 10 other free messaging services that already work accross Apple, android, and every other smartphone?

WhatsAPP is what im using right now and its pretty sweet.

BBM was great because it was free. Then I realized that once you pay for data you can message anyone anywhere. Now all my friends with BBs are getting WhatsAPP because they can actually talk to ppl on other phones/netwrorks worldwide, unlike BBM..

Theres tonnes of research on why RIMM is DOOMED>

To anyone thinking about investing in them I would first suggest to read the research that Reggie Middleton posts on Zerohedge.com about the upcoming shift in cell phone supremacy. Tonnes of analysis. RIM is basically fubared was the conclusion.

997TT

03-04-2011, 08:51 AM

^ ya my broker was a huge fan of Rim.... then we sold it for a loss and even now he wont rebuy. Told himself he would never play RIM again (both personally and for his clients).

on another note, i've told that CLL is about to move again. I haven't bought yet as i'm trying to get $1.50
Again, do your own DD

RM.V at 0.58.... :thumbsup:

KappaSigma

03-04-2011, 08:52 AM

People need to realize that sure a personal consumer would not pay for BBM but a ton of BB are paid for by companies and they dont care about the extra cost.

KappaSigma

03-04-2011, 11:42 AM

Anyone know where I can find oil futures WTI sweet light oil prices as of Novmber 30, 2010 for the next 12+ months?

I can only find futures as of todays price and going forward.

HELP!!!???

broken_legs

03-04-2011, 11:51 AM

Originally posted by KappaSigma
People need to realize that sure a personal consumer would not pay for BBM but a ton of BB are paid for by companies and they dont care about the extra cost.

People need tor realize that Android and IoS can everything that BB can for enterprise & email.

RIMs days are numbered.

broken_legs

03-04-2011, 12:13 PM

More on Apple by Reggie. This guy is amazing IMO.

http://www.zerohedge.com/article/steve-jobs-calls-end-pc-we-call-end-fat-margin-tablet-%E2%80%93-including-pretty-ipad-proof

Speed_69

03-04-2011, 01:23 PM

Originally posted by broken_legs

People need tor realize that Android and IoS can everything that BB can for enterprise & email.

RIMs days are numbered.

RIM is making a stupid move IMO if they go ahead with this cross platform version of BBM for Android and iOS. BBM is the sole reason why many people stick with Blackberries. This gives people even more reason to switch to iPhones and Android Smartphones if everything is going to have it.

TheRealTimHorton

03-04-2011, 03:33 PM

Broken has posted more fundamental reasons as to why the RIM trade is bad. I served it right in front of your face with the price action of the competition. If you still take the trade then you cannot be helped, and good luck.

You 'might' win, but you probably won't.

Short RIM, long AAPL.

broken_legs

03-04-2011, 04:31 PM

Originally posted by TheRealTimHorton

Short RIM, long AAPL.

Short AAPL, LONG ANDROID EVERYTHING

HTC FTMFW ;)

http://finance.yahoo.com/q/bc?t=1y&s=2498.TW&l=on&z=l&q=l&c=aapl

Zewind

03-04-2011, 05:53 PM

WTF - HTC is 1115 a share...holy crap

TheRealTimHorton

03-04-2011, 08:08 PM

Originally posted by Zewind
WTF - HTC is 1115 a share...holy crap

It's in Taiwan New Dollars... Roughly $37CAD. Still seems relatively cheap compared to Apple in terms of absolute share price. Broken's chart doesn't lie though, extremely strong price action and probably a better buy than AAPL.

I still wouldn't short AAPL though, it has done some pretty crazy things and will probably continue.

DRKM

03-04-2011, 09:18 PM

Originally posted by broken_legs

Short AAPL, LONG ANDROID EVERYTHING

HTC FTMFW ;)

http://finance.yahoo.com/q/bc?t=1y&s=2498.TW&l=on&z=l&q=l&c=aapl

+1. I am just not sure when to get in? I wanna see what happens with the IPAD 2 and the iphone 5... I am hoping that the IPAD flops. Stupidest thing in the world.

DRKM

03-04-2011, 09:33 PM

Originally posted by KappaSigma
Anyone know where I can find oil futures WTI sweet light oil prices as of Novmber 30, 2010 for the next 12+ months?

I can only find futures as of todays price and going forward.

HELP!!!???

You want the forward curve for 12 months from Nov 30,2010? If so you need a reuters or bloomberg terminal. There is one at the Haskanye Library that is free to use.

Sugarphreak

03-04-2011, 11:36 PM

...

broken_legs

03-05-2011, 12:30 AM

Originally posted by Sugarphreak

I disagree

OMG! You disagree with me??? Shocking! :rofl:

I feel like chaining myself to a redwood right now.

I'm not going to list the encyclopedia of reasons why I think you are wrong, but I will recommend that you go to www.zerohedge.com and look up all of the free smartphone research done by Reggie Middleton. I've been following him for 2 years now and everything is spot on. Actual research and analysis, not just flimsy opinions.

I know my opinion counts for SFA around here, so I can only show you the way.

Cheers

TheRealTimHorton

03-05-2011, 11:49 AM

Originally posted by Sugarphreak
RIM has everything to gain, Apple has everything to lose... should be an easy decision for investors on which has the greatest growth potential.

lol Greatest 'growth potential'. Like I've said, good luck I hope you make money. I look for trades with the greatest 'win potential'. And RIM is not in that category.

Just seems like you are emotionally attached to RIM and you aren't trading what you see.

max_boost

03-05-2011, 02:07 PM

Originally posted by broken_legs

OMG! You disagree with me??? Shocking! :rofl:

I feel like chaining myself to a redwood right now.

I'm not going to list the encyclopedia of reasons why I think you are wrong, but I will recommend that you go to www.zerohedge.com and look up all of the free smartphone research done by Reggie Middleton. I've been following him for 2 years now and everything is spot on. Actual research and analysis, not just flimsy opinions.

I know my opinion counts for SFA around here, so I can only show you the way.

Cheers

Wow thanks for the link man. I've been reading his blog/writings/research for the last couple hours. :eek:

dawerks

03-05-2011, 09:18 PM

There's one major reason to buy RIM. Because there's nothing else Canadian to buy. Almost every single RRSP/RESP of large cap has RIM in their holdings (go check, go!).

Even HIX.TO (max's inverse) has a 7% hold of RIM (long).

Every big MM has to consider holding RIM (some are basically forced to).

Sugarphreak

03-05-2011, 10:03 PM

...

dimi

03-06-2011, 09:41 PM

Holy fucking Ag.

Anyone see any correction anytime soon or should I just jump the bandwagon?

I was thinking of picking up some until I saw the most recent price. FUuuuuuu :banghead:

broken_legs

03-06-2011, 10:05 PM

Originally posted by dimi
Holy fucking Ag.

Anyone see any correction anytime soon or should I just jump the bandwagon?

I was thinking of picking up some until I saw the most recent price. FUuuuuuu :banghead:

The longer you wait, the more its going to cost you to buy it. The mints are running out of silver.

USD:
http://www.xe.com/currencycharts/?from=XAG&to=USD&view=5Y

CAD:
http://www.xe.com/currencycharts/?from=XAU&to=CAD&view=5Y

Gold is setting all time highs (in USD)

http://www.xe.com/currencycharts/?from=XAU&to=USD&view=5Y

in CAD is just waiting for the breakout. Either the CAD is going to get clobbered, or GOLD is about to make a big move up.

http://www.xe.com/currencycharts/?from=XAU&to=CAD&view=5Y

Meback

03-06-2011, 10:09 PM

Every day I dream of the CND dollar getting clobbered and oil to drop in price. But everyday I just :cry:

dimi

03-06-2011, 10:13 PM

"Run on silver"?

Some people have suggested that COMEX might default over silver deliveries. :nut:

My sweet f*$%

broken_legs

03-06-2011, 10:20 PM

Originally posted by dimi
"Run on silver"?

Some people have suggested that COMEX might default over silver deliveries. :nut:

My sweet f*$%

Yes. No. There is no silver left.

Dave Madge director of sales at the Royal Canadian Mint “Demand right now for silver is through the roof and it shows no signs of slowing at this point. Sourcing silver is becoming very difficult. We are competing with a great many players when it comes to purchasing silver and many of these players are bidding the price higher.”

But don't take my word on it.

LIsten to this crazy idiot sensationalist conspiracy theorist:
Eric Sprott
T2w7wGwUZ9Y

You could also listen to this other crazy conspiracy cook, Alan Greenspan:

1r13hACqxj0

Sugarphreak

03-06-2011, 10:38 PM

...

broken_legs

03-06-2011, 11:06 PM

Originally posted by Sugarphreak
Isn't this typical "Gold Fever" after a recession broken_legs?

There is nothing typical about whats happening right now, other than the exact same thing has played out exactly the same way for the last 5000 years.

What measure do you use to claim we are "out" of a recession? Are you talking about the world? Canada? or the USA?

max_boost

03-06-2011, 11:12 PM

Originally posted by Sugarphreak
Isn't this typical "Gold Fever" after a recession broken_legs?

I stopped buying gold when it went over $1200, just like I stopped buying stocks in the summer of 2008... it seemed to high to be sustainable. Well we aren't that far off from those 2008 highs haha

Gold is a hedge against inflation and just look at the commodities since QE2 lol everything is up except for natural gas and house prices lol

If QE3 comes around lol oh shit

max_boost

03-06-2011, 11:19 PM

What I'm trying to figure is what happens after the QE's? It doesn't work, Americans are more fucked, they finally default, depression ensues and then what? Everything crashes down again? Demand destruction kills oil. $2000 gold but what gives? Lol

dawerks

03-07-2011, 12:24 AM

Gold is not a hedge against inflation. That is just a hypothetical thesis. The best case scenario for gold is the worst case scenario for people. By the time we 'need' gold as a hedge, guess what?

A bullet and a handgun will be a BILLION times more valuable. No one is going to trade a ton of gold for a loaf of bread if they're starving (believe it).

Gold is just a trade, don't fall in love with it. It's a great trade (long term bull) but people make it out to be something it's not. It's just money. We need gold to go up to make us money, but come one, let's not get stupid and predict 'end game' because then thing we're collecting (money) becomes useless (and so does gold).

People are quick to lose the forest for the trees! (CLICHE time kids!)

max; When QE stops, I'm out of the market.

e36bmw///

03-07-2011, 12:27 AM

max_boost

03-07-2011, 12:44 AM

dawerks

03-07-2011, 12:59 AM

QE3 and QEn+1 will continue, they just won't be announced.

They stopped reporting M3 a LONG time ago. Why? Follow the money! (Said Deepthroat to Bob Woodward... but you guys are too young to remember that!)

broken_legs

03-07-2011, 01:09 AM

Originally posted by dawerks
Gold is not a hedge against inflation. That is just a hypothetical thesis. The best case scenario for gold is the worst case scenario for people. By the time we 'need' gold as a hedge, guess what?

A bullet and a handgun will be a BILLION times more valuable. No one is going to trade a ton of gold for a loaf of bread if they're starving (believe it).

Gold is just a trade, don't fall in love with it. It's a great trade (long term bull) but people make it out to be something it's not. It's just money. We need gold to go up to make us money, but come one, let's not get stupid and predict 'end game' because then thing we're collecting (money) becomes useless (and so does gold).

People are quick to lose the forest for the trees! (CLICHE time kids!)

max; When QE stops, I'm out of the market.

I don't know how you can talk about gold without using the word "Value".

Also, I don't understand why this argument always comes up -"When everyone is starving and killing each other with guns your gold will be useless"

What the hell does that have to do with anything? Irregardless if you think we are heading or two an orderly collapse of the economy or something else, gold is a store of value. As dollars become worthless, gold maintains it's value. What else does that?

Even if the monetary system collapsed tomorrow without any warning, it'd be a couple days before all hell broke loose. But ya know what? people would find another system of commerce given time. And you think gold will be worthless in that new system too? Or only for the short period of anarchy when everyone is starving and killing each other as you say?

I don't own gold because I think it's going to "make me money" - I own gold because there isn't anything else where I can put my savings in and it will still be there when and after sh*t hits the fan.

The way you framed your statement only gives us 2 options:
- The world ends and were all fighting for survival for forever????
- You would only buy gold to make money.

That's a really narrow & silly point of view IMO.

I have a sneaky suspicion that when Zimbabwe, and Weimar Germany, and all of the examples in history went belly up through hyperinflation, the people who had actual assets made out OK after the reset happened - What do you think?

Do have evidence to the contrary, or did you read an opinion piece on how gold didn't go up during one 5 year period in history when there was inflation, but also failed to point out that people have maintained their wealth by holding gold for thousands of years and forgot to mention that the price of gold has been manipulated by central banks and governments for the last 70 years/.

So my respectful challenge to your argument is:

Why is gold not a hedge against monetary inflation?

Why will gold be useless and worthless if we have an economic reset and move to a new monetary system?

Finally, why are you owning gold to "make money" if you know that money is eventually going to be worthless?

SilverRex

03-07-2011, 06:17 AM

gold in a hedge against the government (The primary trend in gold remains bullish because it is the only hedge against global fiscal (political) mismanagement)

key word is stagflation or even hyper stagflation

also go read up on martin Armstrong

http://www.martinarmstrong.org/economic_projections.htm

he has a very interesting way of looking at our world today. I think over 12-18 months ago he was calling that there will be no 1930 collapse, and that you can actually now have both a bad economy and stocks moving up at the same time.

dawerks

03-07-2011, 09:05 AM

It's just a trade gentlemen. Justify it however way you want to.

Most of us here have lots of gold/oil/financial stocks and we should be happy for it, but there's no need to get into hyperbole. I apologize for the 'end game scenario' introduction. I'm going to stick to the 'it makes me money so me likey' theory.

The rest is just buzz. :)

edit; As for 'proof', I use the market. If gold was such a great hedge against whatever people think it's supposed to hedge, then there would be a disconnect between the 3 year highs of the market and Gold. There isn't. Gold trades inline with the market.

The government screwed up, the markets crashed 3 years ago, what happened to Gold? Did it go parabolic? It should have if it was a hedge. It didn't. When the markets tumble, guess what? Gold will go with it (the miners/paper holders for sure, the physical holders might be ok, but we shall see).

I try to keep my mind flexible. When everyone is jumping onto one bandwagon, I'm looking to make my exit. Right now, all I hear is gold gold gold. Hmm. When it was 1350 a month ago, I was hearing sell gold.

Sugarphreak

03-07-2011, 10:34 AM

...

dawerks

03-07-2011, 10:42 AM

What goes up parabolicly...

I hope gold doesn't go parabolic, same with oil and the other commodities. A nice 42 degree run will be juuust fine. When it does go parabolic, I'm out.

That chart above looks screwed up...Notice how gold is in a massive run up (like all other things market related around 07, early 08). Then when the market crashes, so does gold.

When the market recovers, so does gold. GREAT HEDGE! :rofl:

http://www.kitco.com/LFgif/au3650nyb.gif

broken_legs

03-07-2011, 10:44 AM

Originally posted by dawerks
It's just a trade gentlemen. Justify it however way you want to.

Most of us here have lots of gold/oil/financial stocks and we should be happy for it, but there's no need to get into hyperbole. I apologize for the 'end game scenario' introduction. I'm going to stick to the 'it makes me money so me likey' theory.

The rest is just buzz. :)

edit; As for 'proof', I use the market. If gold was such a great hedge against whatever people think it's supposed to hedge, then there would be a disconnect between the 3 year highs of the market and Gold. There isn't. Gold trades inline with the market.

The government screwed up, the markets crashed 3 years ago, what happened to Gold? Did it go parabolic? It should have if it was a hedge. It didn't. When the markets tumble, guess what? Gold will go with it (the miners/paper holders for sure, the physical holders might be ok, but we shall see).

I try to keep my mind flexible. When everyone is jumping onto one bandwagon, I'm looking to make my exit. Right now, all I hear is gold gold gold. Hmm. When it was 1350 a month ago, I was hearing sell gold.

Thanks for your drive by denial of the last 6,000 years of history.

I can see you've obviously put lots of time and effort into forming your opinion.

dawerks

03-07-2011, 10:47 AM

I'm not sure about you, but I have not been alive 6000 years. As for trading, I've only been doing it for 12 or so years. I consider myself a rookie.

When was your first trade broken_legs?

997TT

03-07-2011, 11:13 AM

grabbed 7k CLL at $1.50

Sugarphreak

03-07-2011, 11:24 AM

...

e36bmw///

03-07-2011, 11:40 AM

TheRealTimHorton

03-07-2011, 11:47 AM

Originally posted by dawerks
I'm not sure about you, but I have not been alive 6000 years. As for trading, I've only been doing it for 12 or so years. I consider myself a rookie.

When was your first trade broken_legs?

I don't like this comment. If you've been trading for 12 years and you still call yourself a rookie either you're not profitable, you have confidence issues, or you're simply retarded and you haven't learned anything in a long time. Modesty is an alternative form of cockyness, so ultimately no brownie points for you saying this.

...And believe me, I'm smart enough to know this stuff is a continuous learning process.

Usually houses are "the" hedge for inflation, but currently in the U.S.A. that doesn't seem to be the case for whatever reason.

Gold is often used dually as a currency hedge and inflation hedge. It is a great way to buy all currencies at spot price so you can pick and choose which one you want later down the road should you decide to liquidate. DID YOU KNOW: If you purchased physical gold at $1400CAD, you don't own it exclusively at the Canadian price, its a globally price commodity, thus you own it in whatever currency you want! You can sell it for whatever currency you please. NOW YOU KNOW! :rofl:

broken_legs

03-07-2011, 11:58 AM

Originally posted by Sugarphreak

Naturally I would agree that the landscape will always be different from period to period, but at the same time looking back at the charts and the acceleration in the price of gold over such a short period of time one can't help but notice it resembles the gold spike that happened back in 1980... followed by the subsequent crash.

Agreed, the landscape is different. The question is how different, IMO.

Gold is is accelerating at a much slower than it was in the 80s. That acceleration went from zero to peak in 3 years. After the crash, it maintained a 275% gain over the original lows for another 10+ years.

Let's compare that to gold today: We have been on a steady climb for about 10 years. With 6 month and 1 year periods of consolidation, and corrections. IS this really the same?

http://www.kitco.com/LFgif/au75-pres.gif

Here's a more interesting chart:

http://www.sharelynx.com/chartsfixed/FedFundRateGold.gif

Hmmm....

Seems to me the recession is over and has been for a good 6 months... everybody I know is employed again and the job market couldn't be hotter. Not to mention two of my neighbors just sold their houses in for substantially more than I thought they would.

By what measure? What country? How anyone refute that all of your friends aren't back at work?

If you live in AB, no surprise your friends are OK - were in alberta, and oil is going through the roof, this is the strongest economy in Canada. What about the rest of the country? What about the world economy? What about the USA?

Originally Posted by dawerks
I'm not sure about you, but I have not been alive 6000 years. As for trading, I've only been doing it for 12 or so years. I consider myself a rookie.

When was your first trade broken_legs?

I see...

So instead of addressing anything I said, or any of the direct questions I asked, you first give a blanket denial of several millenia of human history then back up your own view with catchy phrases. And now you are calling into question my credentials? :rolleyes:

Looks like the exchange of ideas has ended. I'm outtie.

997TT

03-07-2011, 12:15 PM

what ever happened to that poster Dinan.... guy used to be all over these threads.

man the good ole days

max_boost

03-07-2011, 12:27 PM

Markets down today.

Who's buying the dips?

Or we finally getting a much over due correction in the markets?

:nut:

Sugarphreak

03-07-2011, 12:44 PM

...

dawerks

03-07-2011, 01:00 PM

You're right, I'm in denial of all 6000 years of history. What the hell was I thinking?

dawerks

03-07-2011, 01:06 PM

...

slick2404

03-07-2011, 01:22 PM

Originally posted by 997TT
grabbed 7k CLL at $1.50

In as well.

max_boost

03-07-2011, 01:31 PM

Originally posted by Sugarphreak

I would agree that gold is always going to be in it's own special catagory because of its history and the fact that metals are one of the few physical commodities left that the typical investor can actually buy and store.

However, with that said when I see a chart like that it scares the crap out of me. I won't disagree that gold is not increasing in value, but how much of that huge spike is speculators taking advantage of investors flocking to it as a safe haven?

I see it as being vastly over-inflated right now... just like at times real estate, energy stocks, tech stocks, US currency or any other market that becomes the focus whenever perception of value shifts depending on the landscape.

My guess is that it will peak out sometime this summer at around 1950 an ounce, then come crashing back down to $800 or so by the start of 2012 as people start to flock to the next safe haven.

Excellent question, what exactly defines a recession... in my opinion, it is simply perception and the resulting behavior. When people decide it is over... it is over.

Gold is recognized as a safe haven because the world is scared of holding on to the U.S dollar lol
Huge demand in Asia for Gold and Silver. http://www.sprott.com/Docs/MarketsataGlance/2011/January_2011.pdf

Based on perception, the Americans are still very much in a recession and will worsen most likely. I'm sure they want it to be over but it isn't going anytime soon.

What's the solution? I didn't pay attention in Economics class but doesn't look like the Feds have a much better one either. Just keep printing money! haha

Sugarphreak

03-07-2011, 01:36 PM

...

997TT

03-07-2011, 01:50 PM

grabbed 15k NGM.V at $0.51

loading up like i'm at the candy store.....wwweeeee

broken_legs

03-07-2011, 02:11 PM

Originally posted by Sugarphreak

However, with that said when I see a chart like that it scares the crap out of me. I won't disagree that gold is not increasing in value, but how much of that huge spike is speculators taking advantage of investors flocking to it as a safe haven?

Percentage wise, far less people own gold now then in previous times.

The only people I know that own gold are 'conspiracy theorists' like myself and traders. And out of those bunch, very few own any actual metal, most just own ETFs and stocks.

Gold used to be widely held by everyone. It was used as money. Then it was made illegal. Then there has been a widespread smear against gold by governments and banks claiming gold is not money, and its worthless etc. etc. for the last 70 years.

How many normal people do you know that own gold?

No normal person would even consider it now because the media says gold is "in a bubble".

I had this same conversation with an american guy in the frankfurt airport. He said gold was in a bubble. I asked him why? He said look at the price it's gone up over 1000% in the last 5 years. I said, thats a bit of an exaggeration. He said, no it's not he read an article on it and he's also been watching the news. OK OK i say, so how many people do you know that own gold? He replies, no one - Everyone knows its in a bubble. OK OK, so how many people do you know that own stocks? Well pretty much everyone has stocks or mutual funds he says like I am an idiot.

So whats the real bubble?

I think you can see where im going here. You don't need scientific research to realize that no one owns gold or silver. Bubbles happen when everyone gets in. We are far far away from that point IMO.

I see it as being vastly over-inflated right now... just like at times real estate, energy stocks, tech stocks, US currency or any other market that becomes the focus whenever perception of value shifts depending on the landscape.

So let me get this straight. You Think RIMM is the bomb, and it has gone from a penny stock to over 60$ today. Thats like a 60000% increase!!! But you're not worried about that?

Gold has done a slow steady 500% march over the exact same time period, yet somehow gold is in a BUBBLE??

I'm only giving you two choices out of this one Sugar, either gold is not in a bubble, or RIM sucks. Take your pick - You must admit defeat on at least one front. :rofl:

My guess is that it will peak out sometime this summer at around 1950 an ounce, then come crashing back down to $800 or so by the start of 2012 as people start to flock to the next safe haven.

Curious as to what this new safe haven may be, also what your time line is based on. What events do you see causing this shift or sell off?

There was a flight to safety mechanism with the USD that is now broken. My opinion used to be that we would see a 2008 style crash again and gold would sell off, but I don't see this happening anymore.

Excellent question, what exactly defines a recession... in my opinion, it is simply perception and the resulting behavior. When people decide it is over... it is over.

Well there are exact definitions that the government uses to define a recession. By those same definitions, the US is in a depression.... But if the government changes the definitions, then we're not 'technically' in a recession anymore and everything is good again. It's all good, the government said so. ;)

max_boost

03-07-2011, 02:26 PM

http://www.theta-trader.com/qe2-an-unmitigated-disaster

So let us compare two scenarios and ask ourselves would the US economy be doing better without the QE2 initiative?

Pre-QE2 Prices:

1. 2.50-2.70% 10-Year Treasury Yield
2. $2.64 US Gasoline Price (August 2010)
3. Cotton Prices at $85 (Contract Size 50,000 pounds)
4. S&P 500 Index 1100
5. Copper Prices $3.25 a pound
6. US Dollar Index at 83.00
7. Lumber Prices at $200 (Futures Contract –Contract Size 110,000 board feet)
8. Sugar Prices at $17.50 (Futures Contract-Contract Size 112,000 Sugar #11)
9. Cattle Prices at $92 (Futures Contract-Contract Size 40,000 pounds)
10. Milk Prices at $14 (Futures Contract-Contract Size 200,000 pounds Class III)

QE2 Effects So Far:

1. 3.50% 10-Year Treasury Yield
2. $3.50 US Gasoline Price
3. Cotton Prices at $215 (Futures Contract -50,000 pounds)
4. S&P 500 Index 1320
5. Copper Prices $4.50 a pound
6. US Dollar Index at 76.40
7. Lumber Prices at $303 (Futures Contract)
8. Sugar Prices at $30 (Futures Contract)
9. Cattle Prices at $114 (Futures Contract)
10. Milk Prices at $19.50 (Futures Contract)

The perception I get is, inflation is clearly here. US home prices aren't going anywhere but down. Their unemployment numbers I clearly don't trust lol I think they are still very much in a recession.

So a bunch of us have made some money since the summer so much thanks to QE2 but now what?

:rofl:

Sugarphreak

03-07-2011, 02:28 PM

...

max_boost

03-07-2011, 02:29 PM

Originally posted by Sugarphreak

I disagree for a number of reasons; the key one to me though is that while RIM is behind apple for technology hardware... they are on the forefront for software. Better compression, superior security, excellent interface for their phones, plus more recently they made a nice strong entry into media software. RIM is the local software wiz kid and I would expect to see some cool things from them in the next little while. To top it off they have an extremely young & ambitious CEO at the helm and with Mr. Jobs out sick again, Apple's days on the tippy top are the ones that are numbered IMO.

RIM has everything to gain, Apple has everything to lose... should be an easy decision for investors on which has the greatest growth potential.

Download this forensic analysis of Rim by Reggie Middleton. Honestly before broken_legs I've never even heard of Reggie Middleton or ZeroHedge and now I can't stop reading this stuff. Compelling needless to say.

http://boombustblog.com/component/option,com_docman/Itemid,200023/gid,350/task,doc_download/

:nut:

broken_legs

03-07-2011, 02:31 PM

Damn Reggie Gives me a Boner.

http://www.zerohedge.com/article/i-have-promised-tablet-pricing-wars-have-commenced-targeting-apple%E2%80%99s-ipad-2-which-not-even-s

Retailers in the UK release the Motorola Xoom at competitive prices and Sam's Club announces pre-orders for the muscular Xoom at $60 BELOW the price of the iPad 2. Apple's flagship mobile product has not even been released yet and its being undercut by more technically more capable competitor, and there are dozens more competitors on tap. Margin compression is inevitable for ALL players involved as this becomes a pricing bloodbath to the benefit of tech consumer.

max_boost

03-07-2011, 02:33 PM

Originally posted by Sugarphreak

I personally own gold, almost everybody I know that has a decent amount to invest holds at least a little bit as well. It is a well known reccomendation that you hold about 10% of your assets in metals. Sure that isn't a lot of people, but by the same token all the other people don't really have any substantial investments in anything other than thier house anyway.

RIM doesn't really have much to do with this, as I mentioned before I expect to get what I am looking for out of it in the time frame I have set.

I am pretty sure that using gold as money is not illegal, all of my gold coins have a currency on the back and have been issued by the mint of Canada. They are for all legal purposes, valid tender.

I think Gold is in a bubble, look at all the hype and excitement... the price spike, the interest by everybody. Classic tell tale signs, that it is close to the perfect time to sell.

I can't say where the next haven is, maybe real estate, energy or currency once interest rates start to rise up again.

If you are 89coupe, just buy new homes (+10%) and stick to the energy sector lol

My guess is, if the Feds stop QE after June 30th, EVERYTHING will fall. Like dawerks said, once QE is done, he's gone as well lol

Tighten your stops everyone.

Sugarphreak

03-07-2011, 02:37 PM

...

broken_legs

03-07-2011, 02:40 PM

Originally posted by Sugarphreak

There are a million opinions out there of where it will go, you have to formulate your own thesis on it. Example:
http://www.reuters.com/article/2011/02/16/idUSSGE71F06120110216

I stopped paying attention to analysts a long time ago

BAM!

http://i274.photobucket.com/albums/jj259/broken_legs/xoom.jpg

e36bmw///

03-07-2011, 03:45 PM

dawerks

03-07-2011, 08:28 PM

The markets should drop in anticipation of QE2 being stopped. It should dip, but if QE3 is publicly announced. LOOK OUT! Should be good for another 500-1000 points. But, the market never does what anyone expects it too (for me anyways). Also, this is the 'president's bull run' time (I'm gonna bet with history and stay long).

I bought more CRUS today. Started to buy JMBA, XIDE and DBA.

(I don't buy full positions ever, and I never sell a full position, I might make as many as 20 buys to be 'fully' set).

DBA is my agriculture play (I already own Archer Daniels)
XIDE is my 'green' play
and JMBA is my summer play (I damn well love their drinks!), JMBA always spikes in the summer and it dies in the Winter. Always (except when it doesn't).

SilverRex

03-08-2011, 08:11 AM

cycle suggest next major turn date to be in June therefore I suspect its all up from here with minor corrections.

NG completed a 5 waves down to 3.74, looks ready for a new up trend. As suggested before 3.7-3.8 is a great buy for NG

dawerks

03-08-2011, 09:05 AM

How would you play NG other than Encana and the gamble ETFs?

Looking for Canadian companies.

Hi-Psi

03-08-2011, 10:27 AM

Picked up AUN(Aurcana) @ 1.06

After missing my GPR run I'm hoping this will be my Silver play of the year. Also holding SPM(Scorpio) and that should make a good run this year too.

ragu

03-08-2011, 12:47 PM

^^Got in GPR at $4.50 few days ago. Also holding SPM at $1.10.

Sugarphreak

03-08-2011, 01:37 PM

...

e36bmw///

03-08-2011, 02:54 PM

broken_legs

03-08-2011, 06:38 PM

For SugarDude:

http://www.caseyresearch.com/sites/default/files/PercentageofGoldHoldingsinaTypicalPensionFund_1_0.png

Global pension assets are estimated to be $31.1 trillion.

According to estimates by Shayne McGuire in his new book, Hard Money; Taking Gold to a Higher Investment Level, the typical pension fund holds about 0.15% of its assets in gold. He estimates another 0.15% is devoted to gold mining stocks, giving us a total of 0.30%

Sugarphreak

03-08-2011, 07:44 PM

...

broken_legs

03-08-2011, 10:09 PM

Originally posted by Sugarphreak
That seems a bit misleading to me; if you looked at a broader scope of investments I would suspect the percentage is a lot higher; why would you hold gold in a pension fund? I don't see the benefit of keeping it in a registered account or fund.

For the vast majority of people most of their retirement is funded by a pension. They're investments are miniscule compared to the amount that will paid out to them after retirement from the pension.

So what you're really saying is that pensions funds hold closer to zero?

So that makes an even stronger argument that no one holds gold?

I am confus-ed/

Sugarphreak

03-08-2011, 10:19 PM

...

broken_legs

03-08-2011, 10:57 PM

Originally posted by Sugarphreak

If you hold Gold in anything other than a TFSA, you pay tax on the increased value... even if it is just inflation, no?

As for the assumption that investments in gold are "minuscule" (spelled correctly btw); For people who actually hold gold, why would they disclose it? How many safety deposit boxes may hold unknown fortunes of gold which will never make it onto a statistic percentage wheel illustration?

The mis-spelling is so common that it's accepted as the correct spelling now. ;)

Look dude, I told you that today, compared to any other time in history, relatively speaking, very little people hold gold.

You said that everyone you know has gold investments.

That's why I presented a chart showing the largest investment for 99% of normal people world wide (ie pension funds) don't hold any gold.

Again, theres no way for me to prove how many of your friends own gold, or how many secret people have secret hoards of gold. I'm just showing you the facts.

Sugarphreak

03-08-2011, 11:15 PM

...

dawerks

03-09-2011, 10:46 AM

Originally posted by broken_legs

Look dude, I told you that today, compared to any other time in history, relatively speaking, very little people hold gold.

Wrong. There's more gold being mined and held now than at any other time. That should be obvious.

You're using one fact (low pension holding of gold) to extrapolate to the entire worldwide amount of gold holdings. It's irrelevant what the 'average' person holds, because the gold that is mined, is already accounted for. Compared to stocks and every other investment vehicle, gold has had a horrible return except for this last 2008 up run.

Pension funds are in for the long haul.

dawerks

03-09-2011, 10:49 AM

Oh yeah, market is crashing!! SELL!! SELL! This is the start of the correction! Every stock is down....

.... :burnout:

Hi-Psi

03-09-2011, 11:30 AM

Stocks have been all over the place the last couple days, one minute up 5%, next down 3%, next up 8% then even by the end of the day.

broken_legs

03-09-2011, 11:36 AM

Originally posted by dawerks

Wrong. There's more gold being mined and held now than at any other time. That should be obvious.

LOL - Came back for more, eh?

OK so there is more gold in world today then there was ever. No one disputes that. You are so smart for pointing out the obvious! Please go RE-read what I wrote and come back. Thanks. (Hint: there are 7 billion people on Planet Earth)

You're using one fact (low pension holding of gold) to extrapolate to the entire worldwide amount of gold holdings.

Not at all. Just one piece of evidence in a discussion that you haven't been following. Go do some research if you want to learn more.

It's irrelevant what the 'average' person holds, because the gold that is mined, is already accounted for.

So future production is already accounted for. So what you're saying is that demand for gold is so high, that all future production from mines has already been bought and sold. OK - That sounds like gold is very limited in supply, and in very high demand. We agree on this no?

It's extremely relevant what the average person holds. The average person has no idea about gold. The average person has no gold. Again, look at history, the average person used to use gold (and other PMs) for commerce regularly in their lives. Today, virtually no one does. If we revert to the mean, and the average person catches on that fiat money is worth nothing, and they start looking for gold, you don't there will be an effect on the gold market?

Seriously?

Compared to stocks and every other investment vehicle, gold has had a horrible return except for this last 2008 up run.

Seriously? LOL. To anyone else reading this, please go look at a chart. I'm not even going to bother disputing this ridiculous claim.

Pension funds are in for the long haul.

Pension funds are the largest investment class in the world. 31 TRILLION DOLLARS. They hold no gold. This statement speaks for itself.

TheRealTimHorton

03-09-2011, 11:45 AM

Just wanted to throw this out there... If you guys get off your lazy bums and head on down to Chapters, there is a great article in Stocks and Commodities magazine which presents a great case for Gold NOT being in bubble mode.

Whether you're a believer or a non-believer its a good read.

997TT

03-09-2011, 11:58 AM

would you guys buy epo, ppi, aaa for a 5-7% flip?

epo 0.33
ppi 0.71
aaa 1.66

dawerks

03-09-2011, 12:02 PM

Originally posted by broken_legs
[B]
Seriously? LOL. To anyone else reading this, please go look at a chart. I'm not even going to bother disputing this ridiculous claim.

You mean a chart like this? :poosie: ;)

http://twocents.blogs.com/.a/6a00d8341d5b2653ef01156f1f5db4970c-800wi

max_boost

03-09-2011, 12:04 PM

So....TSX finally in correction mode?

:D

broken_legs

03-09-2011, 12:09 PM

Originally posted by dawerks

You mean a chart like this? :poosie: ;)

http://twocents.blogs.com/.a/6a00d8341d5b2653ef01156f1f5db4970c-800wi

Context. :thumbsup:

http://www.dgcmagazine.com/blog/wp-content/uploads/2009/09/gold-chart1-12-1-300x205.gif

dawerks

03-09-2011, 12:11 PM

"For all the gold that's ever been mined, you could buy every acre of farmland in the United States and 10 companies the size of ExxonMobil.

And you'd still have $1 trillion left over.

Would you rather have a shiny cube of metal, 67 feet on a side...or trillions of dollars of assets that actually produce wealth?"

The worlds best investor hates Gold. I trade Gold if it makes me money. Just like I traded water, horse shit, corn futures, roof tarping (hurricane Kitrana CHACHING!), bits of silicone, rubber bands.

If it makes money, sure, I'm into it, I'll electronic trade it. But to actually buy physical gold? Please, why? It makes no sense when it can be so easily traded.

dawerks

03-09-2011, 12:12 PM

Wait, you're the one who is the history master.

I presented over 200 hundred years of history, and you presented 10?

:facepalm:

You bought your house in 2006? Or did you pay off the mortgage then?

"Homeowner since 2006."

2006 was the absolute pandemonum, high frenzey of house buying. The top, the peak. Hmmm..

broken_legs

03-09-2011, 12:15 PM

Originally posted by dawerks
"For all the gold that's ever been mined, you could buy every acre of farmland in the United States and 10 companies the size of ExxonMobil.

And you'd still have $1 trillion left over.

Would you rather have a shiny cube of metal, 67 feet on a side...or trillions of dollars of assets that actually produce wealth?"

The worlds best investor hates Gold. I trade Gold if it makes me money. Just like I traded water, horse shit, corn futures, roof tarping (hurricane Kitrana CHACHING!), bits of silicone, rubber bands.

If it makes money, sure, I'm into it, I'll electronic trade it. But to actually buy physical gold? Please, why? It makes no sense when it can be so easily traded.

Here we go.

Back to your same tired arguments...

Im not "investing" in gold. I'm saving my wealth.

Get it? Nope. OK let it go.