svosavvy

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    • Tue Dec 2nd 00:05 AM
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      Uncle Ben Signals the End Game
      you can never have the gold standard back. The gov't was never true about dollar/gold ratio anyway. The dollar stands for the hard work and value our country represents. If you have a dollar then you have a share in america, just like any company share dilution is never good. We are trapped in a liquidity nightmare, prior generations never taught ours about how to manage money and now the world is denominated in dollars and world creditors give us their dollars to invest as credit and we (the debtor) spend them to leveraged infinity. This will work until a new base of consumer (and currency) is found probably the chinese when they mainstream. When this happens we will be usurped by their concentricity and be forced to the periphery. This is the debtors quandry, I hope for the greatness of the usa that we get our head out of our butt and learn how to be smart with money.
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    • Mon Dec 1st 22:56 PM
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      Uncle Ben Signals the End Game
      Here's a thought, think about what your dollar could buy in the late 1970's, not much. Even though interest was at an all time high. You must ask yourself what is better: having more dollars or having your dollars be worth more.
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    • Mon Dec 1st 22:53 PM
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      Uncle Ben Signals the End Game
      ok never, but, since the dollar was amputated from gold in 1971 I don't think the govt is worried about it. The gold standard is dead, but, the gold trade against the dollar is totally fine.
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    • Mon Dec 1st 22:26 PM
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      Uncle Ben Signals the End Game
      bullcrap to seizing gold, they will seize it when they seize your guns ie never. the best they can do is molest the price by devaluing like during the fdr adm. Confiscating then upping the value from 20$ to 35$.
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    • Mon Dec 1st 22:23 PM
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      Uncle Ben Signals the End Game
      yeah misstyped sorry, nice correction freefalling
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    • Mon Dec 1st 22:18 PM
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      Uncle Ben Signals the End Game
      the printing of dollars will become a factor later, right now the deflation of anything bought by dollars ie: commodities stocks bonds treasuries etc. (thanks to world currencies doing worse) Gold is a hedge against inflation not recession. In other words right now cash in the hand is king, look at oil and soft goods. Gold is a hedge against inflation it is a "stateless currency" in other words if you have a pocket full of dollars right now then you should go spend on stuff that is on sale for absurd prices. Soon (in the next 6 months probably maybe) the fed funds rate will increase which increases treasuries which increases bond yields which increases stock prices ie inflation your dollar goes less far. By buying gold before this happens allows you to set the clock to zero and basically lock in your dollar value at max and ride out at zero sum, but, basically not lose traction as the dolar does in inflation so by default you gain by not losing.
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    • Mon Dec 1st 21:59 PM
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      Uncle Ben Signals the End Game
      low interest=strong the dollar which is the inverse of gold
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    • Mon Dec 1st 21:40 PM
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      Uncle Ben Signals the End Game
      the fact that uncle Ben has opened the door to the idea of tampering with monetary supply past the 0%fed funds mark to me opens the door wide open to mega deflation in the near term ie: I think gold gets pummeled in the next 3 months. Let gold get crushed then go long gold in the spring. cheers
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    • Sun Nov 30th 12:59 PM
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      Canadian Royalty Trusts Will Never Return to Their Former Glory
      I doubled my position in pvx on 11/13 actually upped it by %120. Was looking for fallout from dist reduction, but, really saw none, I couldn't believe it was a relative non issue. From what I can see this along with all other oil related stocks imho have been lumped together and thrown in the trash can. Especially since I thought pvx's quarterly was a real rip snorter this time around, except for the down guide, but, everyone is guiding down. I am looking for the discarded carcasses of good companies mr. market is offering up. I may buy more tomorrow as I see opec's inaction over the weekend giving a real catalyst for more near term down action. I think these canroy's are neat animals, you get the oil exposure, a killer dividend, also I think an insurance policy related to other oil stocks exposure to the shenanigans of the world theater. Diversified not diworsefied, lots of nat gas exposure which I like going forward if there is a pinch on coal I look for a bubble there. All in all sometimes getting out of bed in the morning is a risky/bad decision, but, risk is the spice of life. If you don't like risk then buy bonds because shareholding is like marriage for richer or poorer. I know it's hard to think of any upside during a bombardment, but, that is the reward of the diligent. Happy Holidays, someone drink some scotch for me, lol.
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    • Wed Nov 26th 23:42 PM
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      Canadian Royalty Trusts Will Never Return to Their Former Glory
      Oh yeah, even with the pvx reduced distribution, you can basically give those guys a dollar at their current DEPRESSED share price and they will give you back a penny a month. That's compelling value
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    • Wed Nov 26th 23:35 PM
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      Canadian Royalty Trusts Will Never Return to Their Former Glory
      Thank you Mr. Ward for your thoughts regarding tax issues I always get a kick out of reading about the canroy tax boogie man. I also found it interesting that no one has mentioned the risk management strategies employed when talking about the price of oil in this post. I am long pwe and pvx and know they both employ costless collars as a means of reducing volatility for a portion of their supply (looking pretty smart these days imho). Also the very nature of "E&P" heck just call it the business of oil is truly the "I drink your milkshake" mentality. You exploit and move on, that is the nature of commodotizing the ground. Follow the model of any hard good be it metals minerals or energy. Additionally, pvx already cut their distribution big time (I take that as a good sign that they have a grasp on reality or at least can get away with it). Also pwe has already stated they will re evaluate their distribution funding level after the january payout.
      thanks
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    • Thu Nov 13th 10:27 AM
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      Internet Stocks: WebMD, Shutterfly, Monster and Netflix
      Finally, someone else who sees nflx ripe for the pickin my msft.
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    • Fri Nov 7th 01:01 AM
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      Provident Energy Trust: Income for Today and Tomorrow
      nice article, refreshing, how about some color on the breitburn deal. I think they sold high, which is the way it's supposed to be done, nice. How about the risk management that has puts in place for <$62 oil. How about the death of coal because of obama, what else can the US burn to make electricity instead, oh yeah, nat gas. Long pvx, oilsands are languishing now, but, what happens when opec missteps in a reactionary tone to low prices, and cuts production massively. Hello domestic (north american) oil. If they cut div in half that still gives new money an impressive yield, and the old timers a better than average yield.
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    • Mon Nov 3rd 10:35 AM
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      How to Pick an MLP for This Market
      around 1/3hedged I believe.
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    • Mon Nov 3rd 10:33 AM
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      How to Pick an MLP for This Market
      I don't know much about these names in mlp's, but, I do know the canroy's I follow are mostly cost hedged with puts in that $62ish range with a portion of their supply, surprisingly downside protected as long as the bottom doesn't totally fall out. I would think energy holders have a similar risk management strategy and like it was mentioned above the pipeline guys get paid anyway because the stuff has gotta keep flowing.
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