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Thread: DGL and LMCA

  1. #21
    Havakasha is offline
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    DGL made a comeback today while LMCA was punished in the down market.

    DGL finsihed up .29 or .53%
    LMCA finished down 1.76 or 2.06%

  2. #22
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    Mr. SiriuslyWrong is still playing his cards close to the vest. I think its because he really dont know what he wants to do.
    Cant blame him.

    LMCA closed up $1.07 or 1.28% at 84.77
    DGL closed down .10 or .18% at 53.97


    Lots of news about LMCA taking over SIRI. Going to be lots of movement until things are finally settled.

  3. #23
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    Mr. SiriuslyWrong is still playing his cards close to the vest. I think its because he really dont know what he wants to do.
    Cant blame him.

    LMCA closed up $1.07 or 1.28% at 84.77
    DGL closed down .10 or .18% at 53.97


    Lots of news about LMCA taking over SIRI. Going to be lots of movement until things are finally settled.
    "because he really dont know"?

    No I don't. I'm fairly safe and diverse, but the mess in Europe is really killing us.

    The argument about austerity is after the fact. Don't get into that position is the first place is the point.

  4. #24
    SiriuslyLong is offline
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    Gold is kicking ass today. Now a bunch of "experts" are calling for $3000 an ounce within the next 18 months. You may want to pick up a minor position in DGL or some other precious metal ETF.

    Signed, SiriuslyRIGHT (just like your buddy Schiff lol).
    Last edited by SiriuslyLong; 06-01-2012 at 05:07 PM.

  5. #25
    Havakasha is offline
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    DGL absolutely had a great day today and LMCA a bad one.

    DGL was up $2.13 to 56.10 or 3.95%
    LMCA was down $2.43 to 82.34 or -2.87%
    Obviously the uncertainty around the takeover of Siri is driving
    the direction of this stock.

    Since we started this imaginary bet
    DGL has gone from 54.41 to 56.10
    LMCA has gone from 79.67 to 82.34. Its a close race so far.

    I bet you wished you had gone to cash like you were originally thinking?

    Schiff promised us that GOLD would go to $12,000 or the Dow would go to 1,400 in the next year and a half.
    He promised Hyperinflation in 2009, 2010, 2011, 2012
    He promised we would see 10 year treasuries at 6% in 2011.
    He promised a catastrophic stock market crash in Jan. 2011 and on and on and on.
    Last edited by Havakasha; 06-02-2012 at 12:40 AM.

  6. #26
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    DGL absolutely had a great day today and LMCA a bad one.

    DGL was up $2.13 to 56.10 or 3.95%
    LMCA was down $2.43 to 82.34 or -2.87%
    Obviously the uncertainty around the takeover of Siri is driving
    the direction of this stock.

    Since we started this imaginary bet
    DGL has gone from 54.41 to 56.10
    LMCA has gone from 79.67 to 82.34. Its a close race so far.

    I bet you wished you had gone to cash like you were originally thinking?

    Schiff promised us that GOLD would go to $12,000 or the Dow would go to 1,400 in the next year and a half.
    He promised Hyperinflation in 2009, 2010, 2011, 2012
    He promised we would see 10 year treasuries at 6% in 2011.
    He promised a catastrophic stock market crash in Jan. 2011 and on and on and on.
    You can read all about Schiff right here: http://siriusbuzz.com/forum/showthre...ready-Bankrupt

    His assessment of the American economy is actually quite interesting.

  7. #27
    Havakasha is offline
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    And very often wrong as i demonstrated above and below.


    http://www.forbes.com/sites/realspin...is-not-greece/

  8. #28
    Havakasha is offline
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    Why your portfolio doesnt need gold
    By Jack Hough
    After sliding 6% in May, the price of gold jumped 3.7% on Friday. Skeptics say it is a temporary rise in a longer downturn. Fans of the metal say it is the start of another glorious run.

    Picking a side is pointless. Gold defies efforts to calculate its worth—or even to describe how it behaves as an investment. That means there isn’t a clear reason to invest in it.

    If you must own some gold to sleep better, stick with a multivitamin approach: A little bit won’t hurt. A lot can prove toxic.

    Gold is prone to long booms and busts. Before its latest dip, it multiplied five times in value over a decade, mocking stocks and other investments. Before that, it lost money for 20 years.

    Some investors look to gold as a safe haven. It is one—but only when it wants to be. Just over two years ago, when investors learned that Greece’s deficits were much larger than officials there had reported, the metal followed U.S. Treasurys higher while Greek government bonds crashed.

    Yet last month, with Greece’s fiscal crisis intensifying, Greek government bonds again tumbled while U.S. Treasurys rose, but this time investors dumped gold.

    To study how gold behaves, we asked FactSet Research Systems to analyze the metal’s short-term correlation with two other investments: the 10-year Treasury note, representing safe havens, and the Standard & Poor’s 500 stock index SPX -0.46% , representing risk.

    “Correlation” is a measure of how closely two assets track each other. A reading of 1.0 means they trade in lock-step, while zero means they are independent and a reading of minus-1.0 means they act like opposites.

    What did FactSet find? Chaos. The correlation between gold and the 10-year Treasury has jumped above 0.6 at some points over the past five years and has fallen below minus-0.8 during others, changing direction several times. The one between gold and stocks has had similar spasms, with the highs topping 0.9.

    In other words, gold might suffer from a multiple personality disorder.

    Some investors say gold is a hedge against inflation. That is true of any good or service that consumers can be counted on to want in coming years, such as oil or poultry farms. Gold’s wild swings have made it a poor proxy for the consumer-price index, a key inflation measure.

    Perhaps that is because only 12% of gold’s demand comes from industrial applications, according to the World Gold Council, a trade group. The rest comes from jewelry and investment (and the divide between those two isn’t always clear).

    Still others view gold as “real money” —the one thing that will hold its value if governments create so much new currency that those currencies lose their value. Taken to its logical conclusion, this means governments would eventually agree to once again use gold as the basis for their currencies, says James Swanson, chief investment strategist at MFS, a mutual-fund company.

    That is a fantasy, he argues, because some powerful nations have relatively little gold and some gold-rich nations have little power.

    So how much is gold really worth? With stocks, bonds, rental houses and laundromats, one way to answer that question is to compare the purchase price with expected cash flow. But gold doesn’t generate any cash. Indeed, it costs something to store it.

    Investors sometimes use the cost of producing the world’s next ounce of gold as an approximate floor for its price. That cost is between $1,200 and $1,400 now, depending on the efficiency of the mine, reckons Michael Dudas, a mining-stock analyst at investment bank Sterne Agee. Gold sold for $1,620.50 an ounce on Friday.

    There is a catch, however: The cost of mining gold has followed the price of gold higher, as mining firms have bid up machine prices and countries with plenty of gold underground have raised the royalties they charge to miners, Dudas said. If production costs are a floor for gold’s price, the floor is made of straw, not concrete.

    Of course, gold’s price is ultimately based on supply and demand, and demand has surely soared over the past decade. Exchange-traded funds such as SPDR Gold Shares GLD -0.48% and iShares Gold Trust IAU -0.57% have made gold investing easier than ever. Gold-coin pitchmen have played off the angst and distrust left by a global financial crisis.

    But ultimately, as Swanson put it, you need a psychology book rather than a calculator to decide how to trade gold, and that means you shouldn’t rely on it to do anything specific.

    Investors who are determined to stock up on gold following May’s dip might wish to give gold stocks a look instead. Year to date, gold’s price is up 3.5%, but the Market Vectors Gold Miners GDX -1.31% ETF has fallen 9.4%.

    Adrian Day, an Annapolis, Md., money manager overseeing $170 million, said gold miners look unusually cheap relative to the size of their gold reserves. Joseph Foster, manager of the Van Eck International Investors Gold fund, can place fund assets in either gold or mining shares. He said he heavily favors the latter now.

    Foster’s top holdings include Randgold Resources GOLD -0.55% and New Gold NGD -1.58% . Sterne Agee’s Dudas issued buy recommendations on Newmont Mining NEM -0.54% and Gold Resource GORO -2.76% last month.

    For investors who won’t feel comfortable without having some physical gold within easy reach, one last piece of advice: Forget about Krugerrands. Buy your spouse something expensive, lovely and high-karat.

    That way, even if gold disappoints, at least someone will be happy.

    http://www.marketwatch.com/story/why...old-2012-06-04

  9. #29
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    DGL finished down a hair at 56.02. It lost 0.08
    LMCA finsihed down at 81.97. It lost 0.37

  10. #30
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    DGL down again a hair at 55.97 or negative 0.05

    LMCA up for a finish at 82.97 or a gain of 0.80


    Im going to post weekly results from now on. Too boring. LOL.

    Although I thought the article on gold was pretty interesting.

    Who were "those experts"?

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