SELL, SELL, SELL

[Danno 1,228]

All the right wing zealots at my gun club listen to Glenn Beck every day - they talked gold and silver prices every day with great glee, as it was proof that Mr Obama's policies were bound to fail

What has happened will have em glum - when they get their Medicare vouchers they will be glummer

What would it take to make em renounce right wingism ? - it doesn't exist

Imagine if people's social security and Medicare vouchers had been invested in companies who bought silver and oil on their behalf !

The right wingos are not receptive to that point as they have closed minds

ps oil and gold will be back - my options are net long now but long dated

Forgive me for missing your point.

When did the Glenn beck Zealots hear Beck suggest people look into Gold/Silver and what was the price then?

What is it today?

Even with the recent drop considered I challenge you to show me where, in what vehicle you did better?

Speaking as one who wish I had listened.

[Captain Oates 911]

Forgive me for missing your point.

When did the Glenn beck Zealots hear Beck suggest people look into Gold/Silver and what was the price then?

What is it today?

Even with the recent drop considered I challenge you to show me where, in what vehicle you did better?

Speaking as one who wish I had listened.

Beck doesn't care about egging people into a bubble. I actually listen to him when I drive back from the club - he has 'experts' on who sell gold coins which I reckon are easier to buy than to sell. One of the experts said the best way to keep the coins safe was to rent a storage unit and hide them in there because 'nobody would think of looking there'

When these commodities went sky high, Beck did not slow down the sales pitch - they brought on experts predicting 5k for gold

It's a scam and Beck doesn't care coz he has made his and I bet he doesn't keep it in gold.

It's another universe - I just watched fox and a fox blonde was calling bin Laden 'vain' for dying his beard - the irony was not apparent to her or fox who have a whole bevvy of false blondes on their payroll

Then a guy said that Pakistan is not fit to have sovereignty over Pakistan because they failed to maintain impervious borders and therefore the US has the right to operate there - I thought 'Mexico' but he didn't

I am having a wonderful day - the American right wing are a total hoot and are simply unaware of their hypocrisy ! I watched their faces and not one of them flinched at the idea that failing to maintain secure borders made it ok and justifiable for foreign troops to invade.

Look out Texas

[Danno 1,228]

Beck doesn't care about egging people into a bubble. I actually listen to him when I drive back from the club - he has 'experts' on who sell gold coins which I reckon are easier to buy than to sell. One of the experts said the best way to keep the coins safe was to rent a storage unit and hide them in there because 'nobody would think of looking there'

When these commodities went sky high, Beck did not slow down the sales pitch - they brought on experts predicting 5k for gold

It's a scam and Beck doesn't care coz he has made his and I bet he doesn't keep it in gold.

YOu seem to agree so far most people would have done well to follow Becks suggestion on Silver.

YOu never mentioned (even in hindsight) what could have possible been better.

The reason I mention all this is a friend of mine who also suggested I buy some silver sent me 10 one once coins about a year ago and at that time the price was right around $20 an ounce today it is around $35, last week it was nearly $50.

Not sure if you are angry at Beck because of his politics or because you failed to act on his advice and you (and me) lost out.

[Captain Oates 911]

YOu seem to agree so far most people would have done well to follow Becks suggestion on Silver.

YOu never mentioned (even in hindsight) what could have possible been better.

The reason I mention all this is a friend of mine who also suggested I buy some silver sent me 10 one once coins about a year ago and at that time the price was right around $20 an ounce today it is around $35, last week it was nearly $50.

Not sure if you are angry at Beck because of his politics or because you failed to act on his advice and you (and me) lost out.

When you say I am 'angry at Beck' - let me give you some advice - never ever ascribe emotions to me that I have not expressed using those words myself. In fact I have not lost a cent on gold or silver so I am actually pleased that Beck cost all these gullible rednecks a bundle. Power to his elbow - he is damaging the lives, donating power and peace of mind of rightos all over the US which can't be bad thing

I got in at the bottom with BP shares which have almost doubled - I prefer assets which have big earnings and BP will be earning in 50 years time no matter happens to gold and silver

My point is that Beck is egging people on at the top - you bought at the bottom which doesn't help all the gullible rightos who were still buying until the moment they got their feet chopped off - no health warnings from Beck.

Beck's silver and gold selling point is that buyers confirm they don't trust government and they don't like those black people in the white house

The collapse is one in the eye for those people. The same people who hate foreign companies like BP from who they extracted $ 20,000,000,000 and French companies like Sonofi Aventis because they are French. I have made a great bundle on those companies and going contrary to the redneck view of the world has made it doubly sweet

I never mix politics with investing even though I get satisfaction from a successful strategy which is rejected by others on political grounds. In fact I am often able to buy great investments purely because the others are indulging their political prejudices

Gold and silver are political right now and the whiter and righter one is, the more one loves silver and gold. Anything Beck endorses is white and right and the rightos are going to think he is an Obama agent sent to cripple their war chest

It's great fun.

[Danno 1,228]

When you say I am 'angry at Beck' - let me give you some advice - never ever ascribe emotions to me that I have not expressed using those words myself. In fact I have not lost a cent on gold or silver so I am actually pleased that Beck cost all these gullible rednecks a bundle. Power to his elbow - he is damaging the lives, donating power and peace of mind of rightos all over the US which can't be bad thing

I got in at the bottom with BP shares which have almost doubled - I prefer assets which have big earnings and BP will be earning in 50 years time no matter happens to gold and silver

My point is that Beck is egging people on at the top - you bought at the bottom which doesn't help all the gullible rightos who were still buying until the moment they got their feet chopped off - no health warnings from Beck.

Beck's silver and gold selling point is that buyers confirm they don't trust government and they don't like those black people in the white house

The collapse is one in the eye for those people. The same people who hate foreign companies like BP from who they extracted $ 20,000,000,000 and French companies like Sonofi Aventis because they are French. I have made a great bundle on those companies and going contrary to the redneck view of the world has made it doubly sweet

I never mix politics with investing even though I get satisfaction from a successful strategy which is rejected by others on political grounds. In fact I am often able to buy great investments purely because the others are indulging their political prejudices

Gold and silver are political right now and the whiter and righter one is, the more one loves silver and gold. Anything Beck endorses is white and right and the rightos are going to think he is an Obama agent sent to cripple their war chest

It's great fun.

I think you are not only angry at beck... you are angry at those people who listened to him and have seen their investment double or triple.

Your ability to parlay a conversation of precious metals into race-talk is a bit informing as well.

[Captain Oates 911]

I think you are not only angry at beck... you are angry at those people who listened to him and have seen their investment double or triple.

Your ability to parlay a conversation of precious metals into race-talk is a bit informing as well.

If precious metals were not political, Beck would have no interest and, more importantly, neither would his advertisers. I live in redneck central 150 miles from the next city. It is solid right wing and I am a member of a gun club which has a right wing shrine on the firing point complete with targets of Muslim women and gold rimmed flags and eagles etc. I have a car and everyone else has a monster truck. I listen to the conversation every time I go (twice a week) and they are obsessed with buying silver and gold as being a proxy for voting against President Obama's politics. Survivalist stuff. The fact the Fox and Beck and fatty Limbaugh endorse this view is the clincher for them.

Any time an investment is being propelled by irrational fear and prejudice, it's rise will be limited and it's descent will be fast

My dad bought a Japanese car after the war, even though he spent 2 years in Burma in the jungle fighting the Japanese. Politics should have no role in Economics. Nationalists bought Ford a few years ago even though my Toyota Camry was made in Kentucky - and they paid the price for that as the cars were #######.

Separation of wad and nationalism/politics should be up there with separation of religion and state

[Dakine10 5,452]

In other words the first 7 years of holding was like watching paint dry. From 11/2008 to present silver has quadrupled.

If I knew about these results I wouldn't put 1 dime in silver in 2001....I'd probably have waited the 7 years (long time) and invested in November 2008.

It would be great if it was that easy.

From 1997 until 2005, Warren Buffet was one of the worlds biggest silver bulls. By early 1998, Buffet's Berkshire-Hathaway fund accumulated almost 130 million ounces of silver. And then demonstrating that even the greatest investors can make mistakes, Buffet sold it between 2005 and 2006. According to Buffet, they bought silver between $4 and $6 an ounce and sold at close to $8 an ounce. Less than a year later silver hit $15 an ounce. In his annual shareholder's meeting, Buffet stated "I sold early".

[Captain Oates 911]

It would be great if it was that easy.

From 1997 until 2005, Warren Buffet was one of the worlds biggest silver bulls. By early 1998, Buffet's Berkshire-Hathaway fund accumulated almost 130 million ounces of silver. And then demonstrating that even the greatest investors can make mistakes, Buffet sold it between 2005 and 2006. According to Buffet, they bought silver between $4 and $6 an ounce and sold at close to $8 an ounce. Less than a year later silver hit $15 an ounce. In his annual shareholder's meeting, Buffet stated "I sold early".

Cramer tells a similar story about some stock or other

I have done it a few times too

I have traded BP for 30 years and sometimes I have to lay dogo for 2 or 3 years before I get the boost

I think it's a question of looking at the earnings and the dividends and if I judge it is undervalued on that basis, then it will be just a matter of time before the price goes up - and in the meantime I can see the value of the company's reserves (and my dividends), being better and better in relation to my investment. I should look to that for satisfaction and to boost my patience while I wait for the mkt to acknowledge what is happening

Going short is more difficult and I don't do it much

Any stock that is volatile is wrapped around with multi legged options spreads where possible

Its often not practical because of liquidity/spread, to protect foreign or stocks with small mkt capitalization

I use etf's in Australia, Canada, Singapore, Germany and, to a lesser extent, the UK

Germany and Canada have my top confidence given the companies in the etf (Rather than the country itself)

It keeps me busy and since I got top options rating, I am able to make some trades every day whether the mkt is up or down

No 1 rule - NEVER trade solely according to what you hear on CNBC and never according to Glenn Beck or Lardy Limbaugh who say whatever puts money in THEIR pockets

[Vi-Jay 218]

Stocks mixed after commodity prices rise

Stan Choe, AP Business Writer, On Monday May 9, 2011, 9:49 am

NEW YORK (AP) -- Stocks are mixed at the opening of trading after commodity prices rose, along with worries about Greece's debt problems.

Crude oil is up 2.6 percent, copper is up 1.5 percent, and silver is up 5.7 percent. The partial recovery from last week's sell-off in commodities is lifting stocks of energy companies and metal miners.

[Captain Oates 911]

Stocks mixed after commodity prices rise

Stan Choe, AP Business Writer, On Monday May 9, 2011, 9:49 am

NEW YORK (AP) -- Stocks are mixed at the opening of trading after commodity prices rose, along with worries about Greece's debt problems.

Crude oil is up 2.6 percent, copper is up 1.5 percent, and silver is up 5.7 percent. The partial recovery from last week's sell-off in commodities is lifting stocks of energy companies and metal miners.

Is it a bounce or is it 'head fake' before the falling knife falls more ?

Glad I am have vertical option spreads rather than stocks in metals though I have the canadian miner abx who has diversified into copper - its a long play and I don't expect much in year one

Off for a root canal job at the dentists after which I will come home and try and make his fee

He makes Wall street looking caring and benign. Two hours from now he is history.

He is a robber and charges $1200 to replace an existing crown. He closes thursday to sunday with no emergency cover

[Vi-Jay 218]

Is it a bounce or is it 'head fake' before the falling knife falls more ?

Energy, metals stocks rise with commodity prices

Rising commodities lift energy, metals stocks but worries flare again about Greek debt

Stan Choe and David K. Randall, AP Business Writers, On Monday May 9, 2011, 6:27 pm EDT

NEW YORK (AP) -- Commodity prices recovered some of last week's losses Monday, helping to lift the stocks of energy and materials companies. The broader market also rose despite new worries about Greece's debt problems.

Oil prices once again moved above $100 a barrel and pushed energy stocks higher. Marathon Oil Corp. rose 5.3 percent. Baker Hughes Inc., which helps companies drill for oil and gas, gained 3.4 percent. Energy companies within the S&P 500 rose nearly 2 percent, the most among the 10 industries in the index.

The S&P 500 added 6.09 points, or 0.5 percent, to close at 1,346.29. The Dow Jones industrial average gained 45.94 points, or 0.4 percent, to 12,684.68. The Nasdaq composite index rose 15.69 points, or 0.6 percent, to 2,843.25.

The rise in commodity prices helped other industries as well. Producers of metals and other materials rose 1.5 percent, second best among the S&P 500 groups, thanks to a 5 percent increase in silver prices and a 3 percent increase in corn. Metals and other commodities suffered steep losses last week, when silver tumbled 27 percent and oil sank 15 percent because of fears of weaker global demand and higher margin requirements that were meant to lower the influence of speculators whose strategy of buying on margin is considered to be a reason why commodities have risen so steeply over the last year.

_________________________________________________________

I keep thinking of a nursery rhyme;

Jack be nimble and Jack be quick so Jack can leap over the candle stick.

I'm gonna pause and make sure I don't bite on that possible "head fake".

Time will tell soon enough.