I call BS. Also, if you're trying to manipulate the stock based on your rumor, better go check some laws that you're breaking. Not that the SEC cares about you or this board, but you really never know whose life they want to ruin someday.
Taper is bad for the market. Yet it was up huge - I don't trust that move at all. If I were the Fed I would have made damn sure the 10 and 30 didn't react much today, and I would have had the ammunition to make it so. That is what I believe, in fact, happened.
But when interest rates rise, is that not bad for gold? Unless inflation rises too?
More good points. I agree that an investor should begin dollar cost averaging with a plan that they follow. My problem is my memory of the 1990s and what gold did when oil fell and tech surged. Too familiar right now.
Good points, and yet with all those good points thrown into the mix the market has gold exactly where it is right now.
Taper-light just started and the market is up on the news. While removing taper is seen as tightening the fuel for the money velocity induced fires of inflation still increase. If it ever ignites, or is seen to be able to ignite, gold should rally. Problem, of course, is that it has not. This is a great puzzle but in the end we are facing a 50/50 up or down bet. I have no answers but do appreciate the discussion.
I have no position, but am looking and the posts all seem to be obnoxious paid short spammers. When they hire these posters they should at least ask that they not use vulgar language.
Let's see if I get a reply. If so, make yourself sound like a real person please.
Had to happen. Looks a little more interesting now. Can someone tell me where gold is heading so I know whether to buy or not? (joke).
Thanks for the reply, I don't necessarily disagree but maybe a little more analysis is in order?
REITs a good counter-trend holding or are they in for a multi-year bear market as i rates head up? So far, so bad with the i rate correlation.
Haven't you noticed that gold has been very strongly negatively correlated with i rates?
Bond bubble bursts -- gold tumbles. We need inflation for gold, not higher real interest rates.
Yep, and even though many blamed naked shorting for collapse of Bear Stearns and others, I have seen absolutely nothing suggesting that it will be prosecuted or reigned in.
Going to be a huge problem (again) in a bear market.
Personally I can only get those kind of low rates if I have over $500,000 in margin (Fidelity). Though the arbitrage benefits of margin are obvious at those levels I still won't touch it - or crack or meth. Buffet said he would have been wiped out 3X if he had been on margin.
I'm just not that good in the long run.
NAV at September 30, 2013 was 18.63. Price as of November 6, 2013 (when update was supplied from Cohen and Steers) is $16.28.
Discount is a substantial 12.6%. Primarily on this basis I continue to hold my RNP.
Negatives are the 1.63% annual expense ratio and the impending rise in interest rates which will likely pressure the securities making on the holdings of RNP. It should be noted that despite the name "preferred" there are not very many assets actually in preferred shares. Mainly this is just a REIT fund with a smattering of preferreds and bonds.
Yes, good for you. The timing was text book, but even so, not easy to pull the trigger, not easy at all.
I remember the bottom vividly - March 2009, and three very significant trading days.
Very nice -- tomorrow will be another big day. Not big up, but big on whether we can hold this level. I am thinking we can.
Truly an excellent discussion with great points all around. This board is showing more promise as a thought sharing forum.
RAS is a mixed performer on inflation. We already saw how it reacted to fast rising rates - not good. But it is not a bond or preferred stock and its real estate should do fine as long as real rates don't rise fast. Real rates could be a killer.