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Vanguard Precious Metals and Mining Inv Message Board

brucebeckie 7 posts  |  Last Activity: Dec 23, 2014 9:59 PM Member since: Jul 14, 2000
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  • Reply to

    Sean, 5% GDP shocked me

    by bobwins_o_phile Dec 23, 2014 10:27 AM
    brucebeckie brucebeckie Dec 23, 2014 9:59 PM Flag

    5% GDP but wages and inflation are tame and the rest of the world is not growing. The Fed is in no hurry to do anything. Its not a conspiracy to aid the big banks. Personally I have invested through the dotcom bust and 2007-2008 fiasco. I stayed the course and got even in 2011-12. I dont have enough investing time to weather another big hit so my investing psyche fell into Hussman's weekly letters and his fund. He sure does make sense to me but I have taken a loss. I read his letters and other articles that re-confirm my beliefs the market is overvalued. Wrong again. There are these doom and gloom viewpoints but then capacity utilization, consumer sentiment etc are at or near all time highs, the malls are packed, every day car traffic is clogged. Nothing makes sense to me. Again I want everyone to be bullish, enough of any "wall of worry".

  • Reply to

    Incredibly frustrating fund

    by jimzazzera Dec 10, 2014 10:19 PM
    brucebeckie brucebeckie Dec 22, 2014 9:36 AM Flag

    I imagine you owned it during the gold price appreciation and when demand for natural resources was high due to China. I think the prospectus details exactly how Cugino manages the fund. Its up to the investor to decide if it is time to be invested in precious metals, natural resource stocks (BHP, FCX), the oil patch, etc, etc. 40% of the funds holdings have been decimated with golds' decline and the global economic slowdown. You made a good decision to sell when you did. Congratulations.

  • brucebeckie brucebeckie Dec 19, 2014 9:34 PM Flag

    Please refrain from any gloom or doom, it makes me feel not enough people are "all in". I want euphoric sentiment and predictions with everyone fully invested in a can't miss opportunity to secure their retirement future.

  • brucebeckie brucebeckie Dec 18, 2014 8:26 PM Flag

    Maybe its the shorts covering now, taking some tax losses. Who the heck else is buying at this seemingly expensive time in the market? Dang, just realized I have been saying that for 3 years now.

  • Reply to

    If the market corrects SPWR could hit 15

    by azzholee22 Dec 10, 2014 9:32 PM
    brucebeckie brucebeckie Dec 11, 2014 7:19 PM Flag

    Oil dosnt provide much to the electricity market, the price of natural gas seems a better correlation since its used in more power plants. SPWR needs to hire more lobbyists, its all about crony capitalism.

  • Reply to

    All about profits

    by sean_erickson2000 Nov 26, 2014 3:37 PM
    brucebeckie brucebeckie Nov 26, 2014 8:53 PM Flag

    Companies borrow money cheaply, use the proceeds to buy back their own stock, or use it for employee stock options, or pay dividends. Less stock floated, makes earnings/profit margin look better per share. Investors chasing less shares in the market, driving prices higher. Is any of this money borrowed used for capital investment expanding the company, requiring new employees or driving wages higher?

  • Reply to

    12 to 8 in 4 months?

    by modenaro Nov 5, 2014 8:30 PM
    brucebeckie brucebeckie Nov 5, 2014 9:08 PM Flag

    Hopefully the final capitulation of the gold stock owners. This fund's chart and many gold stock charts are hitting prices last seen in 2003. Too late to sell for me. Even if it wasn't too late I don't think I would sell. The sentiment cannot get much worse. Lots of blood in the street, very painful but supposedly thats when you should buy.

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