The shorts must be reaching for their tranquilizers. The downside gain is only a little over a buck, but the upside is unlimited. Being short is like playing 'russian roulette' with 5 bullets in a six bullet chamber. Just plain STUPID!
Any little bit of positive news will double or triple the price. The more negative the posts on this board, the more positive I am of seeing a big bounce in the price.
The sooner Steve Ballmer leaves Microsoft, the sooner this company can begin to rebuild itself into the powerhouse it used to be. Ballmer is a ball and chain around the neck of the company. Trying to rest on past laurels is a loser's game.
I installed Windows 8 through the $14.99 promotional offer. After a couple of hours of checking it out and being disappointed with it I reinstalled my previous Windows 7. Microsoft should have left things well enough alone with Windows 7 and simply keep improving on it. No wonder Apple is running rings around Microsoft. Microsoft no longer has a clear vision for the future and will atrophy as it stays in place.
Stock Market collapse just starting. Every day between now and election day the Nasdaq will grind
its way lower and lower. It doesn't take a genius to realize this.
Gold, Silver and Oil are the true resources of Value. All other substitute forms of value, i.e. paper currencies and coins made of base metals, are man-made illusions.
In the end, Gold remains, paper currencies all disappear in the ether.
It needs to be read to its conclusion to appreciate the importance.
The people behind promoting this trash live off the misery and poverty of the gullible.
The monied class all belong to the same club regardless of their ethnic heritage.
The institution of the stock markets around the world are designed for only one purpose and that is to separate the ignorant and gullible from their money.
Anyone who thinks the markets are ethical is as dumb as a log.
Stock price performance is pathetic, but that doesn't stop management from paying itself exorbitant salaries and perks.
When are ignorant people going to stop buying stock is these self serving corporations whose main purpose is to reward itself with lavish pay packages?
A classic example of dumb and dumber.
And you wonder why shareholders scratch their heads when they can't make money investing in the stock market. Because it's a scam, always has been and always will be.
Oil is not a renewable resource, once you use it, it's gone forever never to return again. Gold, Silver and all the other precious metals will still be around long after all of us are history.
So what's my point? Simply this, Oil is what runs through the veins of this modern world. Without it, every mechanized piece of equipment is history. Oh sure, there is coal and natural gas and solar power and thermal power, etc., but oil is the 800 pound gorilla.
I don't know exactly what the Mayans saw in the year 2012, but I'm betting the shortage of Oil has a lot to do with it.
Keep your gold and your silver, just give me a reliable stream of Oil to keep everything running without interruption.
After trading and studying IGD and IID for the past several years, I've come to the conclusion that there's a puppet master pulling the strings on price. It's really too bad because I was confortable with the idea that these two closed end funds were completely above board.
Another delusion that Wall Street had pockets of integrity. Sad, very sad!
Today about 40% of silver is used industrially - in solar batteries, water purification systems, cellphones, circuit boards, plasma TVs and radio frequency identification devices (RFIDs).
By 2015, it's estimated that global industrial demand for silver - largely driven by India and China - will increase 36%, from 487 million ounces in 2010, to 666 million ounces.
Couple that with tight-as-a-drum supply - and you have exponentially rising silver prices and a tremendous growth opportunity for investors.
Investors now see silver - not gold - as the true-money option.
Oil is the 'life blood' of the modern world. Gold, Silver and other precious metals are a convenient store of value but oil runs the cars, planes, machines and everything you can think of. We're not in the middle east to bring democracy but to protect the oil supply.
Oil is absolutely essential at any price, whether it be $200, $300, $400, $500. That is not the case with Gold or Silver.
It is logical to think that the increasing price of oil will negatively impact the world economic system and cause Gold and other metals to decline. Before people will buy precious metals they will buy fuel and food to survive.
Since this is a closed end fund with only 8.27 million shares, and someone was foolish enough to short a sizable amount of shares, guess what happens?
By any measure IID is way overpriced. But, the market makers and insiders who are privy to how many short sales are out there and they will squeeze the shorts to the last drop of blood.
If I'm right IID will continue to climb. All aboard!