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Inergy, L.P. Message Board

danbrady 6 posts  |  Last Activity: Sep 11, 2014 9:57 AM Member since: Jul 29, 1999
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  • Reply to

    nice article on silver

    by dutchman743 Sep 10, 2014 3:21 PM
    danbrady danbrady Sep 11, 2014 9:57 AM Flag

    Looks like it was a cut & paste from here: (dots etc spelled to dodge the yahoo link eater):
    HTeeTeePee://wwwDOTmonexDOTcom/why/silver_market.html

  • Reply to

    Brutal day today

    by crusaderdog358 Sep 2, 2014 7:10 PM
    danbrady danbrady Sep 8, 2014 11:13 AM Flag

    I bought more too. Brings my DCA up to $3.77. Remember things under $1.90 back in '08?

    I've been running a who's gonna win big competition in my portfolio; exk vs my largest holding. Red heads as you mentioned. But this purchase puts them a bit closer in size; sort of evens the starting line for them both.

    I'm ready for a race.

  • Reply to

    Been here before

    by sergioteide Sep 5, 2014 6:54 AM
    danbrady danbrady Sep 8, 2014 11:09 AM Flag

    I've read that over 70% of all mined Ag comes from mining companies going after *other* ores: copper, moly, gold etc. For those producers, the money they get from Ag is a bonus; thus they don't care what the spot is, don't ever push to end the paper games hijinks, etc. If you look you'll find very few pure Ag miners; it's very hard to do it as a primary biz. Even they will often fudge their cost-per-oz claims in their favor through selling other ores that come up with the Ag.

    When the cost of *other* commodities falls below production costs, *then* you'd expect to see a rapid decline in the supply of Ag, because then 70% of the producers might start idling their real production.

  • Reply to

    Let me see....

    by mwalk65 Aug 16, 2014 9:08 AM
    danbrady danbrady Aug 25, 2014 2:51 PM Flag

    GGN makes "income" by selling covered calls (insurance that is valuable if there is a rapid price rise). Most of the time, the insurance expires worthless and GGN gets to pocket the money paid.
    Should there be a "ballistic" spike in PMs or resources, GGN will likely be hurt by the event. They will then have many of their covered calls exercised; providing them a modest profit, but taking them out of now hot positions with a challenge of how to buy back in.

    Point is: ballistic is maybe the worst market condition for GGN, terminal innui (flatline boredom) being maybe the 2nd. Best of all conditions is a market that seems sure to bust loose, but never does, but has a upward bias.

  • danbrady danbrady Aug 17, 2014 9:01 AM Flag

    1) Bought NRGY in 2010. Small stake, but it paid me $120 per quarter.
    2) SPH spun off in fall 2012. Combined pair paid me $82 per quarter.
    3) NRGM spun off in mid 2013. Combined the three paid $73 per quarter.
    4) NRGY- CEQP and NRGM- CMPL in fall of 2013. Still all three pay $73 per quarter.

    Tax prep person charges by the K1.

  • Reply to

    None so blind as those who can't see

    by rogere1946 Apr 10, 2014 3:39 PM
    danbrady danbrady Jun 23, 2014 11:35 AM Flag

    Stop. Just stop.

    We (the nice, rich 1st world countries) DIDN'T GET WHERE WE ARE AT BY TAX AND REDISTRIBUTION. THAT CAME LATER, and it is a risk to destroy what you admire, not a part of what makes what you admire great.

    History says that cultures that promote the greatest amount of individual liberties, ones that allow rewards for entrepreneurship, ones that remain healthy from the risk of failure (on both the personal and business level) flourish. All boats rise begin caught up in vigor.

    History also says that the continual creep and bloat of government and regulatory excess acts as a cancer. Asking the cancer to be a source of a cure for itself is rather short sighted.

    You quote the eco-system as a model that must be respected, well trust me you, I, certainly politicians are not near enough omnipresent enough to successfully throw levels on our country's economic ecosystem, so let's just back off the centrally planned actions, okay? Ecosystems work best when they are left alone to be free, rich and diverse, not myopically forced.

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