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Showing posts with label ericsprott. Show all posts
Showing posts with label ericsprott. Show all posts

Sunday, August 25, 2013

PLATINUM WEALTH PARTNERS -Jim Rogers #Gold #Commodities #USDollar

PLATINUM WEALTH PARTNERS:
Week Ended, August 25, 2013


DR. PETER G. KINESA'S
INTERNATIONAL INSIGHTS
"PLATINUM WEALTH PARTNERS"



VISIT OUR WEBSITE
PLATINUM WEALTH PARTNERS
www.pwa2100.blogspot.com


Does this mean we should land on the moon again for bargains? Folks could be waiting there right now looking for our business. Who, we wonder?

Commodity prices are ready to shoot upwards whether there is a war in Syria or any big event somewhere else on the planet. Syria is somewhat irrelevant in this regard as markets are poised more on fundamentals to lift skyward.

The world is more fragile today than it was twenty years ago for obvious reasons. More people, fewer resources and wider geo-political tensions and instability. For more worries you may add in climate change, wildfires, water supplies and worst - fewer and fewer pollinating bugs. And that's the war we are really losing sleep over.

Bottom Line: Anyday, anything, or anytime - LIFT OFF ALICE!

PLATINUM WEALTH PARTNERS
First Financial Insights
August 24, 2013

To the Moon...




Just cannot see eye to eye with Jim on the collapse of the US dollar, albeit the financial calamity is more or less a hangover from the 2008 Meltdown and remains plausible. Indeed we had  forecasted such a collapse two years back, by 2020. Bonds yes; but a currency short is fraught with too many pitfalls.

There are many reasons behind the likely stability embedded in the US dollar in such times. Two are big ones. One,  it will simply win by default because other currencies that are competitive, in any significant way, should be that much worse off in the turbulent economic times ahead. Remember, the US is a Hegemony with about 60 -70% of the world's resources and economies within its influences and/or control. There is little else in terms of a viable surrogate exchange media that could handle the global financial volume and liquidity needs as well. Former communist countries have huge credibility issues to overcome to garner any trust for this role.

But most importantly - they have bigger GUNS! In the end, that may be all that matters. 

PLATINUM WEALTH PARTNERS
First Financial Insights
August 22, 2013 



Pentagon 2020 Outlook:
 Continues to See Strong US Dollar


(Read More)

International investment adviser Marc Faber is author of The Gloom, Boom & Doom Report. (SHERWIN CRASTO/SHERWIN CRASTO/REUTERS)

"BUY GOLD???"


While we have long held a position that in the long-run there is no legitimate or logical reason based on sequential forward events, and both historical asset-class performance and purchasing power losses over the past thirty-three years to own this object, yet this psychotic placebo continues to attract the attention of speculators.  Nouriel Roubini had candidly referred to it as a "barbaric relic" - his kind diplomacy is respected. 

So why do promoters such as Dr Doom continue with there promotions despite all this? We can presume that they understand the psychosis of small investors attracted to such a cure all placebo and operate to take advantage of their fantasy. The above purchase of Sprott affirms the possibility of such a tactic by promoters. 

But the most important issue is not whether to buy or sell this object - the real issue is disclosure. That is will the promoters advise the public of subsequent sales before they are effected or will they cleverly front-run them in various de facto forms ahead of small investors, underneath the radar of a complex myriad of international rules, laws and regulations?

Funny thing, we really don't expect  answers to these questions any time soon.


PLATINUM WEALTH PARTNERS
First Financial Insights 
August 20, 2013  

Just Keeping them ... 



 


Friday, August 9, 2013

The Marc Faber Blog: Recommends these Gold Mining Stocks : Newmont Mining, Barrick Gold and IAMGOLD

The Marc Faber Blog: Recommends these Gold Mining Stocks : Newmont Mining, Barrick Gold and IAMGOLD
(more video)


Remind me, why we are doing this, again?

Oh, to store it back underground???



These stocks are all on my top short sells  for 2013-14 list. Gold should collapse well below 1000 per ounce as Central Banks keep dumping reserves to preserve whatever political and economic stability remains before the lights go out. Cash costs of producing gold will make less and less sense, particularly as energy prices continue to rise. The choice between gold and food is obvious - thus making these puppies long-term residents of the dog house.

Anyway we find these recommendations a little contradictory when Mr Faber touts the collapse of markets, but these stocks are magically sheltered from this, thereby defying the "laws of systemic market risk" . Sorry, but we are not going to bank on that when an offer to buy the Brooklyn Bridge  is still on the table.


Folks we could go on and on about this, but I think the message is clear, do not invest based on promotional pieces; remember too, the connected interest and 25% personal portfolio position. Now, about that bridge...  




And by the way, even if we are right this time, it does not mean we will be right the next time. Or trust me, for that matter ever again - as every bet has its own probabilities. 



Dr Peter G Kinesa
August 9,  2013 

Now, about that bridge... 

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