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    Gold Stocks - buying the break...

    How are ya zdreg! Gold mining companies were still VERY profitable when gold was at US$250. Ones in Australia were were trading at less than ten times earnings paying dividend yields at around 7%!...and that was when gold was at $250-270 an ounce! It was sub three...
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    Gold Stocks - buying the break...

    I even remember during the Internet "bubble" Normandy Mining (which was Australia's then largest gold mining company as well as holding at one stage about 70% of Australian Magnesium Corporation) mentioning in their 1999 annual report that gold was an "e-metal" I will try to locate it and quote...
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    Gold Stocks - buying the break...

    How ya doin' bl33p! I actually just finished writing a report which took me 3 months to write, where I used available statistics on 1/New mines coming on line 2/Old mines ramping up production 3/Technology which allows Un-manned/Un-womanned (err ...just being PC) submersibles to prospect...
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    Gold Stocks - buying the break...

    Hedge Funds employ PR people to talk up this Jewelry Demand crud. How do I know? I used to work for one. Hedge Funds absolutely MUST have a real measure of regulation not just the SEC saying:- "It would be nice if you were registered with us"
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    Gold Stocks - buying the break...

    Nobody is sure to ANY degree of certainty what actual jewelry demand is! I remember Mark Faber on his website was making a point that gold jewelry now is more sought after now that the Chinese and Indians are now enjoying a "wealth effect". I travel to Asia very often and have not seen ANY...
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    Economics of Renting vs. Owning

    I'll just tell the landlord in your neighbourhood what I tell them here:- "I will excercise my freedom to 'shop around' and rent an apartment which is cheaper in the same area b) Interest rates ARE going up c) While the house is empty the HE/SHE ISN"T RECIEVING ANY MONEY while I am...
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    Gold Stocks - buying the break...

    Three guest 'economists' on CNBC a month ago said that gold will go to $850 an ounce by the end of the year and said it would go as high as $2,850 in a year or two"<<(Can you imagine how low the US$ would have to go for 1 OUNCE of gold to be worth this? It would close in parity with the Russian...
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    Gold Stocks - buying the break...

    Anything is possible with gold but I think the hot money is gone and ain't coming back in a hurry. Even if the US$ depreciated in the next year or two,as a lot of people like Mark Faber is saying, I believe the run is over. In the long term >>5-10 years gold could and might spike again to even...
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    Economics of Renting vs. Owning

    We have some pretty stupid people here in Oz. An old childhood friend of my family bought an investment property in a new development which was built over garbage dump. It is miles away from public transport and the only way out is by a toll road. He has not had it rented out for nearly two...
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    Gold Stocks - buying the break...

    I have shorted NEM because I believe it has much downside risk even if gold maintains its current levels (which it won't) but have a large position in an Australian gold stock SAR:AX Check it out, it has much going for it. Australian Gold Stocks generally are not anywhere near as fully priced...
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    Which CNBC Hottie would you go Long?

    I don't know if you guys get "Asia Market Watch' over there but Amanda Drury is a very attractive woman. Forthright and intelligent as well, she gets the most out of her subjects when she interviews them....and....she is Australian. She lives in Singapore I once almost walked into her at Raffles...
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    Economics of Renting vs. Owning

    How are ya Crackedback! I'm only quoting someone else who stated that tenants in the USA pay property tax plus mark. To be honest it sounded like crap to me too!
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    Economics of Renting vs. Owning

    I am surprised tenants in the USA pay property tax plus a "mark up". In Australia the landlord pays the property tax, water rates and any maintanance costs associated with keeping the property in good condition. The Real Estate Agents here used to run a highly dubious racket where there was a...
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    Advice for trading Quadruple Witching day?

    If you are a day trader gamble. If you are an investor watch the World Up Soccer, play golf, drink beer or any sensible activity.
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    Economics of Renting vs. Owning

    I have a Russian stockbroker friend here who used to work in Silicon Valley (he has moved to Melbourne Australia about 6 months ago) who said the same thing! In my case, even before the price of petrol skyrocketed it was still plain and simple good economic sense to rent in the city rather than...
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    Economics of Renting vs. Owning

    Here in Australia an OECD report out late last year found that our housing stock is overvalued by at least 52%. Australians have always been speculators on the property market, the many and varied land booms we have had here since and even before Federation are always bubbles. My house cost me...
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    $ Silver $

    You know, I cannot believe the rise in Silver. All my dads silver coins from Germany he 'acquired' during the Second World War suddenly are worth a heck of a lot of money. I'm just taliking about the silver in them, let alone the 'collector' premium. A guy from the local German Club here...
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    Silver, Gold - Multi Year TOP Formed

    Gold has now broken two resistance levels $680 and $640. If you are long sell now before it gets ugly. I heard some dolt on CNBC saying gold will be worth $3850 by the end of this year! (sic) I researched this idiot and found he is a spokesman for some gold council which he didn't disclose (of...
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    Bernanke will not raise rates next meeting

    Bernanke is an academic college professor right? Do you remember when you were at University and you wrote that essay that you were convinced deserved an A? The college professor failed you! Remember? Now you work in the real world and the college professor still lives in an ivory...
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    GM stock moves up on Accounting change

    I hold RGM thats the notes that pay a 7.25% clip. I got them at $15.00 remembering they were issued at $25.00. This means the yeild is around 11%. A lot of funds are not allowed to hold "Junk" but some funds specialize in it and pick up a bargain. Technically the bonds are going back to $20-25...
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