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Silver Wheaton Corp. Message Board

tomg86402 7 posts  |  Last Activity: May 17, 2015 12:10 PM Member since: Mar 22, 2007
  • Reply to

    ubs how do they make their money on morl?

    by paulstutz May 17, 2015 5:17 AM
    tomg86402 tomg86402 May 17, 2015 12:10 PM Flag

    The way that UBS makes money on ETN'S is proprietary . They do not share that information. In my opinion, they do own the shares of the underlying reits. The advantage to owning the ETN through UBS as opposed to doing it yourself through a margin account is the cost of funds you would pay compared to the cost of funds available for UBS.

    Sentiment: Buy

  • Reply to

    I don't get this at all?

    by morl333 May 8, 2015 9:38 AM
    tomg86402 tomg86402 May 8, 2015 3:19 PM Flag

    CUT AND PASTE STARTING AThttp://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/Historic-Yield-Data-Visualization.aspx

  • Reply to

    Good opportunity to buy MORL on sale

    by amiculus60 Apr 29, 2015 11:32 AM
    tomg86402 tomg86402 Apr 30, 2015 11:08 AM Flag

    Posted on April 10th:

    I do not worry about a small hike in short term interest rates. I do worry about short term rates going up while the long term rates stay the same or decrease. The yield curve can kill mreits. I do not want to be around if we move toward an inverted yield curve.

    One year ago the spread between the 3mo (0.04%) and the 10yr (2.77%) was 2.73% Today the spread is 1.84%. Mreits borrow short term and invest long term, making money on the spread. As the spread tightens, the ability to make profits without increasing leverage gets harder to do. Things will be great if short and long term rates rise slowly at the same level. That does not appear to be what is happening over the last year.

  • Reply to

    Best guess of rate timing

    by newman1979 Mar 12, 2015 8:57 AM
    tomg86402 tomg86402 Apr 10, 2015 1:41 PM Flag

    I do not worry about a small hike in short term interest rates. I do worry about short term rates going up while the long term rates stay the same or decrease. The yield curve can kill mreits. I do not want to be around if we move toward an inverted yield curve.

    One year ago the spread between the 3mo (0.04%) and the 10yr (2.77%) was 2.73% Today the spread is 1.84%. Mreits borrow short term and invest long term, making money on the spread. As the spread tightens, the ability to make profits without increasing leverage gets harder to do. Things will be great if short and long term rates rise slowly at the same level. That does not appear to be what is happening over the last year. JMO

  • Reply to

    FED - So what?

    by jackadd9 Apr 10, 2015 8:33 AM
    tomg86402 tomg86402 Apr 10, 2015 12:09 PM Flag

    In my opinion, I do not worry about a small hike in short term interest rates. I do worry about short term rates going up while the long term rates stay the same or decrease. The yield curve can kill mreits. I do not want to be around if we move toward an inverted yield curve.

    One year ago the spread between the 3mo (0.04%) and the 10yr (2.77%) was 2.73% Today the spread is 1.84%. Mreits borrow short term and invest long term, making money on the spread. As the spread tightens, the ability to make profits without increasing leverage gets harder to do. Things will be great if short and long term rates rise slowly at the same level. That does not appear to be what is happening over the last year.

  • Reply to

    Re: IRAN

    by skinz4q Mar 31, 2015 10:43 AM
    tomg86402 tomg86402 Apr 1, 2015 6:43 PM Flag

    You assume Iran has just been sitting on oil. I suggest that they have been selling a lot of oil out the back door under the radar at a discounted price. Not everyone plays the sanctions game. JMO

  • NEW YORK--(BUSINESS WIRE)--Mar. 9, 2015-- The Board of Directors of CYS Investments, Inc. (NYSE: CYS) (the “Company”) today declared a quarterly dividend of $0.30 per share of common stock for the first quarter of 2015. The common stock dividend will be paid on April 15, 2015 to stockholders of record of common stock on March 23, 2015.

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18.94+0.20(+1.07%)May 28 4:01 PMEDT