tag:blogger.com,1999:blog-3034901630224544639.post3120546264364721581..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: Turning The TablesTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger192125tag:blogger.com,1999:blog-3034901630224544639.post-23579010804822913952011-04-15T16:43:15.183-04:002011-04-15T16:43:15.183-04:00Close next week at 44.71
ddcarrollClose next week at 44.71<br />ddcarrollddcarrollhttps://www.blogger.com/profile/13639579930139395988noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-88613420621506730192011-04-14T05:38:51.702-04:002011-04-14T05:38:51.702-04:00Justin whats the address or your blog?
I cant find...Justin whats the address or your blog?<br />I cant find one of your latest posts where you talk about Liftons bnn interview and a stock..called ...northair...???georgehttps://www.blogger.com/profile/15777289055736319219noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-7328501392454486882011-04-13T23:26:05.761-04:002011-04-13T23:26:05.761-04:00Erica
Answer for you on the new post.Erica<br /><br />Answer for you on the new post.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-58337832271603136502011-04-13T23:11:50.205-04:002011-04-13T23:11:50.205-04:00Justin: I had no intention on stealing any thunder...Justin: I had no intention on stealing any thunder from you. It all came to me this morning while staring at my charts.ddhttps://www.blogger.com/profile/15903424701139390195noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-74559985319946619082011-04-13T23:07:49.161-04:002011-04-13T23:07:49.161-04:00Hey, I mentioned the $2 dollar beat down from the ...Hey, I mentioned the $2 dollar beat down from the middle of March on Monday when we received this most recent $2 dollar drop and I got no love at all for pointing that out when I commented about it. Who is this reader David that is 2 1/2 days late on sharing this info, you stole my thunder and even got a shout out by the Turd!!! <br /><br />Finally got to post my chart tonight now that I have the web back after moving this week and as soon as I came here to see what was going on I found a thunder stealer!!! Ha ha, no offense reader David...but I got my eye on you now you little sneaky thunder stealer you. :pColoradoGuyhttps://www.blogger.com/profile/08474203298682076868noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-31484356683114242172011-04-13T23:05:41.813-04:002011-04-13T23:05:41.813-04:00Eric,
Thanks for your thoughtful responses. Yup, ...Eric,<br /><br />Thanks for your thoughtful responses. Yup, I like Tulving and I opened a storage acc't with a company they work with, First State Depository. They charge .005 x PMs value per year which seems to be lower than others I looked into. And I made contact with Mish's Coins in Menlo Park. Their prices are actually close to Tulving's, but regardless, like you and others suggested, the difference is worth it in the relationship built. I'm going to visit them on Monday. <br /><br />I read something about the seasonal patterns in April but hadn't heard about the summer lull. Makes sense, but after my introduction to the market last week, it's been hard to imagine things "lulling" very much. I'm relieved for this past couple of days. Last week was one helluva week to decide to "check out" the silver world.<br /><br />In addition to Turd's Blog, I've also been watching Ira Epstein's Midday Metal Report everyday. I really like how Ira talks through the movement and uses the moving averages, the Bollinger lines, etc. Cool stuff.<br /><br />As for gold/silver allocation, I understand the potential for silver to have bigger gains as the GSR drops. My early learning was through Mike Maloney's book and wealthcycles blog. He and his people are clearly silver bugs. I also relate to Maloney's ultimate goal of holding cash-flow real estate and silver being the way to accumulate more of it than if you just went out and bought real estate now. I can wrap my had around having some land where I can grow food, have some chickens, have a well, live with other folks...<br /><br />So, the idea is ride this bull market "wealth transfer" as Maloney calls it, and then cash out before the bubble bursts. One thing I don't quite get is....cash out into what? Dollars that aren't worth anything? <br /><br />Maybe that's what you mean by swapping out your silver for gold. But when silver falls, I presume gold does too. Then what? Wait out another cycle for its value to increase again? But doesn't that take years? <br /><br />Sorry for such elementary questions. I kinda feel like a third grader asking my teacher how the earth spins....Thanks for your patience!Ericahttps://www.blogger.com/profile/00530018191495334110noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-83793492229433683762011-04-13T23:02:24.044-04:002011-04-13T23:02:24.044-04:00@ sp
Impressive resume. I have been around the mk...@ sp<br /><br />Impressive resume. I have been around the mkts for a while. Started when I was 27 (1979) as a commodities broker. Look forward to your posts.atleehttps://www.blogger.com/profile/10106834393352590523noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-62185104470854831072011-04-13T23:00:21.044-04:002011-04-13T23:00:21.044-04:00I've been lurking for two days and haven't...I've been lurking for two days and haven't had a chance to post in a few days.<br /><br />Ginger and Irene - At the cost of sounding like an over-protective husband, I want to encourage you in your posts. They have been great to read and I appreciate your time to post.<br /><br />On the other hand, sometimes some innocents get hurt by internet trolls who "decloak" when convenient.<br /><br />About the trolls - I've been on the net since BEFORE it existed. These trolls have been lurking and present and operative in teams for a long time. I've seen that behavior by very specific groups with very specific political agendas. Chief among these agendas is to PREVENT free people in discussing the strategies and behaviors of certain organizations and people that attempt to subjugate communities and people.<br /><br />This blog is terrific because it permits us citizens to talk about our observations on the market and to understand the "big picture".<br /><br />So, please continue posting your observations and comments.<br /><br />By all of us posting these observations and comments, we are providing each other a baseline that is IMPOSSIBLE to obtain through the corporate controlled media.StrongSideJedihttps://www.blogger.com/profile/03527442903603413599noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-32970673975603072072011-04-13T22:55:52.266-04:002011-04-13T22:55:52.266-04:00new overnighternew overnighterTurd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-80193529824069163872011-04-13T22:55:42.321-04:002011-04-13T22:55:42.321-04:00http://nation.foxnews.com/culture/2010/08/08/judge...http://nation.foxnews.com/culture/2010/08/08/judge-napolitanos-history-liberty-pt-1-original-tea-party<br /><br />History of Liberty (part 1) by Napolitanothecoloredskyhttps://www.blogger.com/profile/00213807666182086168noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-76153220214265196772011-04-13T22:53:17.435-04:002011-04-13T22:53:17.435-04:00@atlee, sorry didn't realize you'd already...@atlee, sorry didn't realize you'd already posted your average gain on the august purchase.<br /><br />Looks like 1.5X, sweeet. As noted, it's because silver has been incredibly bullish. Glad you figured it out, it's taken me about 3 months of daytrading to realize that buy-and-hold for 30 days or more could work here. The daytrading has been good but I can't be in front of the screen 8 hours a day.HappyInTheWoodshttps://www.blogger.com/profile/04482951193093246779noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-82541402855004099662011-04-13T22:52:32.272-04:002011-04-13T22:52:32.272-04:00DarkPurple
Crown Royal Bags!!!! Me too, buddy. ...DarkPurple<br /><br />Crown Royal Bags!!!! Me too, buddy. Me too.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-65232255314911481032011-04-13T22:50:14.880-04:002011-04-13T22:50:14.880-04:00Save_Am
Yes, I saw that! I'm totally stoked ...Save_Am<br /><br />Yes, I saw that! I'm totally stoked that you are so stoked! I know you are probably keeping that Buff in a little plastic holder, as you should, but still don't you see now how gold just has a totally different feel to it than silver? The weight of it in the palm of your hand is just amazing. Like PrizeFighter just said "It's like, so THIS is what ALL the fuss is about"!!<br /><br />Read my last post to Erica where I talk about getting at least a few old Double Eagles. Just no particular condition or anything. That way you can take them out of any holders and just hold them, skin on metal so to speak, without fear of a scratch or a smudge or whatever. It feels amazing!! You will be a gold bug forever more!Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-71857699956175663432011-04-13T22:48:48.835-04:002011-04-13T22:48:48.835-04:00@ Happy in the woods.
The short and skinny is NO...@ Happy in the woods.<br /><br /> The short and skinny is NONE of the things you voiced are a concern to me. Trend has nullified the decay. I read the ZH article, understood and accept the concerns. As a position core holding, a day trading or swing trade vehicle, AGQ has been very very good to me.<br />It is VERY FAST and makes big moves (2 x spot).<br />I scale (Average) in and scale out in my trading accounts.<br /><br />I looked up my core position which was built in August when I decided to become a committed believer. I was wrong, my average price is precisely 67.59. Based on today's close, (259)that is a return of 383%. Over the same period Silver is up 225%. It is in my SEP/IRA. In 4 more months I can withdraw it without penalty. I will liquidate the position and convert to it to physical then. <br /><br />Hope that helps. Am happy to share whatever info I can.atleehttps://www.blogger.com/profile/10106834393352590523noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-91670736491407401812011-04-13T22:46:35.177-04:002011-04-13T22:46:35.177-04:00@atlee
my main focus is 3 fold:
1-trading income...@atlee<br /><br />my main focus is 3 fold:<br /><br />1-trading income/theta strategies on spy/rut/ndx/indices<br />2-trading trends on single tickers, usually appl, goog, ffiv, wynn<br />3-macro: pm, miners, tbt, faz, special situations like rig after oil spill, or uranium now<br /><br />now i am almost 100% focused on silver, gold, and a few stocks. <br /><br />i will start sharing my direct trades, wouldn't recommend anyone following them, do your own due diligence pls.sphttps://www.blogger.com/profile/11069711972135622282noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-91523456520448075142011-04-13T22:45:29.661-04:002011-04-13T22:45:29.661-04:00Well, if I figure we sold 50 oz at $44, and paid $...Well, if I figure we sold 50 oz at $44, and paid $31 for them, I consider it we will get a 30% discount on our car repairs compared to if we had left that money in the bank.<br /><br />Thanks for the support. It makes me, real nervous, letting go of part of our insurance policy. I guess you got to do what you got to do.Baduhttps://www.blogger.com/profile/14241105232759037636noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-37036599129390466412011-04-13T22:44:56.997-04:002011-04-13T22:44:56.997-04:00Oops. I meant over $41 :)Oops. I meant over $41 :)oldNavyhttps://www.blogger.com/profile/13469860895472725824noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-6506189973307615552011-04-13T22:43:11.558-04:002011-04-13T22:43:11.558-04:00SaveAmerica1st, Happy in the Woods (and Chin Music...SaveAmerica1st, Happy in the Woods (and Chin Music and Ginger)<br /><br />Thanks for the comments on NATGAS. Clearly this is something that has been kicking around on lots of minds in Turd Town. It just seems to make sense.<br /><br />I don't see a lot of car gas stations investing in the concept in the near term. Not enough profit in the commodity and besides, they are all owned/controlled by BIG OIL. However, as I said earlier, diesel is getting very expensive already and the customers who keep truck stops in business may be demanding NATGAS very soon. WPRT is in the business of converting big diesel truck engines to NATGAS. That's the logic that says to me WPRT might be a good near term NATGAS investment.<br /><br />I see them like PM miners - as a buy and hold stock for my core portfolio.<br /><br />Here's hoping for a return to over $42 silver by tomorrow!oldNavyhttps://www.blogger.com/profile/13469860895472725824noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-58164226915747820862011-04-13T22:42:31.677-04:002011-04-13T22:42:31.677-04:00God willing, we will awaken tomorrow to find silve...God willing, we will awaken tomorrow to find silver firmly above $41, setting the stage for a push through $42 and beyond. With silver trading at $40.75 as I type, we are fast closing in on a repeat of the March 14-18 price action. With the way things have been unwinding, I have a feeling that the next leg up will come quicker than expected. $43-$45 price range is in site going into the Easter weekend. Godspeed to all!ddhttps://www.blogger.com/profile/15903424701139390195noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-67106897662667081472011-04-13T22:39:18.784-04:002011-04-13T22:39:18.784-04:00Badu, that's all PM is for anyway. Preserving...Badu, that's all PM is for anyway. Preserving purchasing power. You are fixing your van today for the price of yesterdays dollars. Just be glad it didn't break down at $30 silver :) And maybe you'll get a chance to repurchase cheaper. Maybe. I want some too.Prize Fighterhttps://www.blogger.com/profile/04022348989137464947noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-41972168073600830782011-04-13T22:39:09.110-04:002011-04-13T22:39:09.110-04:00Erica
First, sorry about the typo on "steroi...Erica<br /><br />First, sorry about the typo on "steroids". If that's the only one, it will be some kind of miracle.<br /><br />Second, an afterthought about the gold vs silver question. With the kind of money you are contemplating, you will soon discover how bulky and heavy silver is, compared to gold. It takes up a ridiculous amount of storage space. Somewhere along the way, those kind of practical considerations will tell you when you have enough silver.<br /><br />So what to buy? Now this is EVEN MORE of a personal decision than the the last one. Let's start with some things to stay away from. Stay away from any sort of "limited edition" proof sets, mint sets, that sort of thing. They will be overpriced. Stay away from "slabbed" numismatic coins. These are the ones that have been officially graded, and encased in a plastic case. You'll pay way more than the melt value of the metal, and be making a different sort of bet than a strictly bullion investment. Beyond that, buy whatever you like. Try not to pay a huge premium over the melt value and you'll be fine. For silver, I can totally recommend US Silver Eagles, but also products from the Canadian, Australian, British, or Austrian mints. Also there are a lot of excellent private mint products. Names like Engelhard or Johnson Matthey are considered tops. I see Tulving also has stuff from OPM, NTR, Golden State, and A-Mark. These are all fine. Bags of 90% silver US coins are fine too. These are the pre '65 dimes, quarters, and halves. Typically sold in large bags of $1000 face value. A bag will contain about 715 ounces of silver.<br /><br />For gold, same story. Government mint products, private label products, and pre '33 coins, both U.S. and foreign. They are all good and all have their fans. I'm a pre '33 sort of guy myself. A lot of my gold is either old U.S. Double Eagles ($20 gold pieces) or old European coins like British Sovereigns or 20 Franc coins from France or Switzerland. Mexico has always made, and still makes, some very nice gold coins too. I'm betting most folks here in Turd Town stick with new U.S. gold Eagles and Buffalos though, and that's fine too. <br /><br />This may sound silly, but even if you decide to go totally with new U.S. gold Eagles, I recommend you still get at least 5-10 old Double Eagles, in no particular fancy condition, not slabbed or encased in any sort of holder. When times are tough, the market is crashing, whatever, it's amazing how comforting it can be to hold some Double Eagles just naked in the palm of your hand. Seriously. That's why we own gold in the first place. To help us to "Don't Worry, Be Happy".<br /><br />Well, I think that about covers it. Any more questions, just keep on asking on the blog. Good Luck!Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-54031023098993383902011-04-13T22:36:39.279-04:002011-04-13T22:36:39.279-04:00And there's the crux of the issue, Badu.
Timi...And there's the crux of the issue, Badu.<br /><br />Timing. When to pull money from the dollar-denominated stuff (which is still more liquid) and sock it in PMs. <br /><br />I'm thinking pretty soon, but not... just... yet...M. Halyardhttps://www.blogger.com/profile/14590475988691020202noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-86667027728422742372011-04-13T22:30:58.551-04:002011-04-13T22:30:58.551-04:00Well, we had to let go of ~50 oz physical today. T...Well, we had to let go of ~50 oz physical today. The minivan broke down and we are not going to put anything else onto our credit cards. Old van, needs major work and the mom and the kids need to get places. <br /><br />Sigh, what a setback. At least we got more out of that silver than we bought it for.Baduhttps://www.blogger.com/profile/14241105232759037636noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-22528818356160388522011-04-13T22:30:07.741-04:002011-04-13T22:30:07.741-04:00I don't drink often either but you could buy a...I don't drink often either but you could buy a bottle for someone and keep (or request the bag).<br />They also have those really small bottles and smallish pouches. Those are pretty cool also.<br /><br />Shiny metal in a purple pouch, how can you beat that?<br />Maybe a brick of Au or Ag in a home safe?<br />That would be great!DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-54714002616260962002011-04-13T22:26:25.285-04:002011-04-13T22:26:25.285-04:00DPH, that's funny on the Crown Royal bags. I ...DPH, that's funny on the Crown Royal bags. I was just thinking the other day I need one for my 90%. I don't drink and Ziplocks just ain't the same as that felt.Prize Fighterhttps://www.blogger.com/profile/04022348989137464947noreply@blogger.com