I don't know nor do I wish to prognosticate on Gold's short-term future. I do feel there are a number of elements "longer-term" that would push-Gold higher, specifically an $18-trillion dollar USA-deficit, rising interest rates, and consequent borrowing cost (unless we are stuck in a deflationary spiral) and a $4-trillion dollar Fed-Reserve Experiment, with MBS and Bonds that will need to be sold into the Market. But what if China quits buying our treasuries as strongly as they have been, and the velocity of money picks-up, and interest rates shoot-up? Goldman's prognostication for Gold is built upon a smooth integration of the Fed's unprecedented stimulus (Also, please remember, Central banks the world-over have heated-up the printing presses full-bore, as a means of shoring-up lack-luster economies, so the situation and it's effects are actually world-wide!) against a backdrop of a continued improving US-economy, all with tame inflationary pressures. That's a lot to predict...that steady-state future Goldman is advocating. So, no one really knows, and "we'll see', but I do know one thing: Goldman is one of the most corrupt, quasi- legal-criminal cartels in the world, along with some other nefarious big-financial institutions. Regardless of what Gold does or doesn't do, this proposition I know for a fact!
OK, maybe my bad; The "streamer element" on Snap-Ticket was stuck. Once I disabled it, I was then able to place a trade. I still don't want to have to rely on Ameritrade as my only go-to stock-trading service; And I still think they screwed a lot of folks with their inferior streaming service, which I don't even look-at anymore, preferring Scottrade's Java-based platform!
A-trade STINKS, imo! They need a good streamer, b/c if you trade more than a non-trader, you HAVE to have a platform that is clear-concise and accurate! When they got-rid of their Java-based Streamer, and tried to get everyone to switch-over to Trade-Architect, for one, you can't/couldn't even see the symbols, b/c the color differentiation was non-existent, and TA is so big-and-cumbersome to load-up, and then it logs-you out, if you step away from you computer for 5-minutes! BUNK!
Good-old TD! Can't place an options trade this am!
Truly this is one of the worst-run, tech. companies I've ever witnessed. Didn't always used to be this way! Thank-God I opened a Scottrade account! Dump this Dog, imo!
Sentiment: Strong Sell
A titan for independent minded folks to run-from! Of course, the bot profiles and drama queens will LOVE IT!
Halliburton says to "LIKE US on Facebook"!
Even if that were the case, I wouldn't want to get rich from this outfit! It's child's play! Any kid that spends $19-billion for a Co. 99.9% of Americans have never heard of, while streets crumble beneath our feet, needs to be tarred, feathered and sunk! At least Google and Apple make real products! This is really a sad-sad case of delusion! Doesn't it say something quite loud, when there are dozens-upon dozens of services out there calling themselves, "Never Facebook"! That speaks volumes for what the millennials and younger think about a service that glorifies dumb games, and telling each other what they had for lunch, while every Corporate shrill in the world, blast an invitation to "LIKE them on FB"! Sick man, sick!
Yeah, can you imagine trying to force yourself on "the Facebook never crowd", with such hostility, and paying $19-billion to do it! Come-on man, is reality that distorted with the FB board-of-directors!
Enjoy the FB party while it last. It's an obscene raunchy affair, imo. I fail to see the "great vision" of FB with its technological prowess and future. Sure, they created such with a much-used social medium, which was better than MySpace, but beyond that, what's really there? Candy Crush? I think people are becoming over-digitized living in a virtual world, are thus, they are really beginning to lose touch with reality, which is Nature and the biosphere!
I hate to say it, b/c it sounds like a "big diss", but Yahoo has become so hacked it isn't funny; First they send me an e-mail, making me change my password "as a security precaution" they say, and now I'm having to enter "funny looking text", to confirm my account. These mal-ware instigators are brutal, and they are taking-down a whole lot, lot of sights. What good is Silicon Valley and the digital revolution, if they can get taken-down by a bunch of "stay-at-home techies", with knowledge of how to "hack, insert malware, and cause a lot of disruption and security problems"; In fact, our society has become much too vulnerable to cyber-attacks, and it's really just getting going. Even my car, won't start, if the battery in the clicker gets low! First new car I've ever bought, and I learned this the day I get it! Imagine, being somewhere when your battery in the clicker goes-out, and for that "small watch battery" reason, you are dead stuck! This is a small example of our larger vulnerability to over-digitization without proper precautions and foresight! Who cares that FB spent $19-Billion for something I've never even heard of, or "who care what some FB'er had for lunch". This is the height of arrogance, vanity and destructibility in our society, when we value a company like Facebook, some obscene valuation, for what? So folks can put-on airs and web-id's? We're losing touch with reality! I know millennials who won't even take a phone-call anymore, and face-to-face communication is almost like intercourse with them, for they only "text". I'm being a little cynical and using hyperbole, but here's one for you. A company like Tesla, that has manufactured some 30k plus cars, trades at 2/3's the value of General Motors, What's Face-Book's value: $173 Billion, more than GM-Ford and Tesla combined! I'm about to throw-up! Yet FB only earned $.30-cents last quarter! Something to consider, as we blindly embrace over-technology that can't handle it's own!
And they try and say "Europeans accounts" might be exposed to mal-ware. Finance won't load all day, then even though I'm already signed-in, it is disallowing the fact that "I'm already signed-in"!
This is more than just Yahoo Finance too; There's a huge security compromise, but Yahoo sure ain't talking; It's not just Yahoo though, I've noticed a number of other formerly "kind-of-secure" sights become compromised.
Hear-Hear, thanks for your care-and-prayers; From one fellow human to another, me too, I hope/pray they are rescued and made safe!
I agree, people are flocking to these current currencies, as gold is dead: India, Russia, Ukraine, Turkey, and Argentina
Isn't it strange that the Fed's hand has the opposite effect on "emerging market economies", resulting in currency debasement and rampant inflation! Wow, weird! Looks like the only safe place is bitcoin, and of course, US Stocks, the mother's milk of manufactured all-time high profits!
Buh-buh-buh-ba-ba-BUY I say!
US Treasury's? Wow, check-out that 2.71% 10-year, and falling! Why? Big Treasury buying, and there will be oh so much more to come. But people will want some real return on their $$$$ Can't get it in emerging markets, as those countries flock to US Treasuries as well! Man-old-man, where would I put my money, if a Fed-based contagion of currency debasement and sky-rocketing inflation in emerging markets, is just getting started with only -$10-billion being thus far cut from the Fed's bong-buying?
Ask yourself this question! But don't think too long, b/c by the time you ponder-it-about, you will have missed the cheap-cheap! I'm surprised they've been able to suppress the logical answer to this question, as long as they have; But I guess there are still tons of folks-and-funds, that believe in the fairy-tale of this robust recovery! That's a lot of dumb-dumb money yet to figure things out! I think they will soon enough, but maybe another -1k off the Dow will help make it more obvious...especially to folks "buying the dip"! 20-minutes more, and if the Fed does what the Street believes they will do, then I would wager the turmoil just begins. Of course, they can always back-step, and hold-off the pull-back, but what message would this send, to a economy trading at near record highs, and "recovering"? They've orchestrated this for quite a while, but the effects of coming-to-terms with their actions, have only just begun to be felt. We'll see...but my contention is that "all that money is going to have to find an appreciative home", and it will seek safety and universal value! At that point, it will be hard for the Deutsche banks of the world to maintain the ruse!
That's what's so scarey about "the Market", the "Fed" and the hypocrisy of giving someone 74% more in a pay raise, when another story comes-out that "the average worker is making about the same money that they did in 1979"! While you'll find greater disparities in pay, with "pro-Sports" and a similar sickening disparity of resource allocation (I'm no socialist...I believe in a "free-market" when it's really "free" 'and not Fed-puppet-string held-up)...but I have a hard-hard time watching someone get $20-million when their firm paid-out the largest fraud-settlement pay-out in the world's history! On the other side of the coin, Diman can bark about the Fed Gov. being unfairly punishing to his firm, when they were nearly complicit in the whole affair themselves, by pushing FHA loans on folks that couldn't afford a house!
Still, it seems a little off-beat, to be wining-and-dining in Davos, in the Alps, getting big-big bonuses, while 48-million Americans are "in the food-line"! I'd be embarrassed and if I were he, I'd at least defer my raise, and publicize it as such. I don't think I'd be in Davos, eating Lobster, reveling in my new-found 74% pay-raise!
But that's the crux of this whole "recovery"! It's the recovery for the 1%, and some corporate folks have made their money back in their 401k's and such, from the 2008/9 plunge! Otherwise, JPM is the recipient of billions from the Fed, that allowed them to be able to give Dimon a raise! Smacks of "not-right"! Of course, we are led to believe that this is a genuine "recovery" and "all is well now". Forget that the Fed is growing a $5-trillion dollar balance sheet that will have to be reconciled, and forget that when they "talk of tapering" and "pulling-back the spigot of free bank money", that emerging market debt sky-rockets into worthless currency! And we haven't even began pulling-back yet in real earnestness! What happens when the Fed goes cold-turkey?
I'd be very leery here....
I personally think there's a concerted "short effort" at gold bullion and gold-mining stocks; The idea is to keep the "Bernanke put" in effect, inflating the Stock Market, and diminishing precious metals, in an attempt to keep USD in tact. How long can this go on? Until it can't....Make your own decision everyone, and use your brain. If you think our Economy is robust and there will be no QE effects ,and the broad Market is under-valued and represents "safety", then go for it!
Otherwise, I'd diminish the effect of the gold naysayers until we see how the Fed unwinds $4-billion without creating any waves....
PS: What ever happened to Deutsche bank's precious metals scam, price-fixing? That's right, swept under the table, just like all these Central Banks want!
Pretty important development, largely over-looked by US-media. Don't know whether it's true or not, but there has been reference that this scandal is bigger than LIBOR!
That's one aspect that really irks/ire'sme as a participant, the rampant fraud. It's cuts across all classes of assets, and if the average person really knew how pervasive and insidious "foul-play in the Markets" really was, they'd probably put their $$$ in a shoe-box for better safety!
IMO, Gold's recent bid has more to do with this "price fixing" than anything else! China's buying big, and wanting to corner the market as much as possible, is my take. They realize that Gold represents the "de facto currency", and one of these days, with QE's effects become manifest, we too will realize golds import! I was never a "gold bug" before, nor am I now, but I just can't come-up with a better asset to have, when "real consequences" start to play-out in the Markets....
Yeah, "substantial recovery with no inflation", with no Fed-money gaining velocity via bank lending! That's kind-of a big bet....
They spun-off their S. African holdings into SBGL, so in a sense, they did "split", but not in the sense that you are asking, like a "forward or reverse split of their shares". I have told myself, being long long-dated options, "is t his so much of a difference company" since they relinquished their South African holdings into a separate company, that they must trade a whole new metric, so much different than their former self? My answer is mixed, and my bottom-line is that this is "way way over-punished" for the not-too-bad results delivered last quarter. They turned a profit, by God, a meager +$.13 cents, butt a profit nonetheless, all without factoring-in ANY of their new Australian properties! Of course, they need $1,250 gold to "make-it decently" with their new restructuring, but that aside, this thing is getting hammered beyond any recognition of decency. Still, I've seen this play-out so many times in my "home-gamer's 10-year career", I'll watch from the sidelines, still-and-yet, and at this point, hope for more "punishment" to the mid-to-low $2's! It may not get that cheap, but why give this over-fear any due by "panic buying" here? Just wait for asinine, and with this sector in today's Market, I'll wait for $2-plus! But, if you can average-in and don't want to lose this opportunity at this level, then by all means!
All imo! GLTA!