Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Howdy all,
I'd be cautious and quick to rebalance - and take profits.
Watched a great interview TWICE of McCully and Consuelo Mack. He avers strongly that you should NOT put anything into equities at this momemnt, rebalance and profit take your e…
Howdy DAK,
Great stuff. I cut back my paper play this past week as my stops were broken but am looking to add physical at these sale prices. I need to get some annual coins and this looks like it might be a good time. Soros and Slim, seasonality…
Howdy,
Good stuff and thanks MSF. Last year scottrade made me go thru and record the cost basis for all of our taxable securities. This has been coming. The IRS wants to better track the gains on asset sales to maximize tax receipts. It's the…
Hey Joe,
The silver market had gone nuts and was ripe for respite. It got hit with a perfect storm of negativity and that caused about a 25% drop. It may be more before it's done but that's OK. As I mentioned above, we're going into the off seas…
Hi Scott/all,
You mention the ag space and mention BIP which I had yet to hear of - thx - I failed to mention my fav dividend play for quite and while and that's NGV
http://www.bloomberg.com/apps/quote?ticker=NCV:US
Note the yield of almost 12%. …
Hi John,
I'm not sure there is a reasonable level, per se, to start buying silver - or to stop buying silver. It's all about you and your portfolio and your goals and objectives.
I sold some (25%) of my paper holdings earlier this week and some m…
Hi Scott,
Saw a trailer this morning that Carlos Slim was shorting bigtime. If so, it would explain things. However, I personally see it as a lightening up on the paper side and buying on the physical. The long term fundamentals haven't changed.…
Howdy all,
I actually started trimming my speculative paper pm's today per exit strategy. I still like them long term and for huge fundamental reasons, but you must have and stick to your exit strategy. I reduced my spec paper position by ~25%.…
Hi Shos,
Good points all and from an investors perspectie, all quite true. That said, many buyers see gold as the penultimate store of value.
And besides, Warren bought a pot full of silver back in the early 2000's after the run had begun, and th…
Hi Strider,
That's the nut. Gold and silver (and oil, cotton, wheat, corn, etc.) have not changed in price. The unit of measure that the price is measured in - the dollar - has.
90% circulated U.S. silver coinage (up until 1964) is selling for…
Howdy all,
Well, Investor, you are correct and silver mania will come to an end. So will gold mania and so did dot.com and real estate . . . and tulips.
I'm not sure I'd call this current market manic, however. AND, between now and the day sil…
Howdy,
It's been happening quite often with mining shares (and therefore pm mutual funds) and indeed, all throughout this bull market, the miners have lagged bullion. This is expressed by the gold/XAU ratio which has recently jumped to over 7. It…
Excuse me but what is the problem?!?
I was stating that to put things in perspective, new inflation adjusted all time highs for gold and silver would be in the 2300 and 130 range. I didn't say that this was an equilibrium price or a justified pr…
Howdy folks,
Austerity is probably what we're looking at and it could last 10-15 years. What scares me more is the distribution of wealth and the genocide of the middle class. The middle class is being extermimated and we will be lucky if we ca…
Howdy,
OK, so gold's at 1500 and silver is at 48 - so what. As Bob said, DCA or scale into a position and you can do that at ANY price. Ignore the price as it's completely relative. Just focus on what you pay and what it does thereafter.
Le…
I think you folks are all on track. The most likely future is one of austerity which thanks to ExEditor, is stagflation with NO growth. aaarrgggh.
Diversified. Divididends. Commodities sure, but real stuff that will hold its value while they d…
Hi folks,
Everything at this point is speculation. It appears as if china's economy will surpass ours sometime in the future, and it appears as if we have some serious problems in this country that need to be overcome. However, this is all dealin…
Howdy,
I've only had one homerun but have had many flyers that shat on my head like a bunch of birds. Paladin Tech. Had a viagra sub that you inhaled, worked for both men and women and also impacted mood. feh. Failed FDA trials.
I don't cons…
Howdy,
Just found this article by Sprott on why silver is still the place to be and that the g/s ratio may got to single digits.
http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits
peace,
rono
Howdy,
Like the others have said, there are many reason why you would sell a fund or any investment. They've covered the bases, so I'll just talk about scaling out of a trade.
If I'm speculating in some particular asset class, I set mental stop l…
Hi PopTart,
It's hard to say and frankly, it so 'on the margin' that I'm not sure it's worth worrying about. The issue is that anyone holding this fund in a taxable account needs to check out their website for the following disclaimer. Note that…
Howdy,
I'd add some Asia via one of the Matthews funds like MACSX or MAPIX. Another possibilty after this addition would be either EUROX or TREMX.
peace,
rono
Hi PopTart,
They are different asset classes traded in different markets. Bullion is a commodity and traded on the commodity markets while stocks of companies that mine bullion are traded on one of the various stock exchanges.
As such, while the…
Howdy all,
In response to Mo earlier, he's absolutely correct that if we indeed have an extended bout with inflation, using debt wisely can be very, very beneficial as you're paying off your loan with cheaper dollars. That's why bond holders hate …
Hi Scott/Bee,
I'm not sure I'd read anything negative into this movement, but who knows. Keep in mind, however, that we've already entered the 'off season' for gold and it is normally downish until fall.
That's actually one of the most bullish …
Hi Andy,
If you feel we're facing a time of uncertainty, you need to get defensive. That historically meant healthy and consumer staples, underweight equities to bonds and whatnot.
Today, I don't really see that as sufficient - largely because…
Howdy,
I congratulate you both on being prudent and staying with your plans. It's very easy to get giddy as so many of us did back in the '90s. I remember old Art saying, that no one ever went broke taking profits.
Simple rebalancing can avoid…
MERKX and it's eastern sister MEAFX. I've played both of these but find the former seems to mirror PermPort PRPFX. Own some of the latter in wifey's Roth. They've also got a newer fund MABFX of which I am unfamiliar.
peace,
rono
HI Lisa,
Nice thing about a 100 oz ingot, is that you can paint it black and use it as a doorstop.
I've mentioned many times that a roll of gold eagles (20) in a nice square plastic tube is about the size of a quarter and a couple of inches tall. …
Hi bnath,
The philosophy of PRFPX is based upon Harry Browne's Permanent Portfolio. His thought was that if you bought and held certain percentages of particular asset classes you would do well in all markets.
This would mean that if due to appre…
Hi bnath,
Hope you are doing well.
Yes. PRPFX by defintion, SHOULD be a buy at all times in all markets.
PRPFX Fact Sheet: A Fund for all Seasons
http://www.permanentportfoliofunds.com/pdfs/perm/PRPFX.pdf
I sincerely believe that this fun…
Hi Lisa/all,
No. Mutual funds are taxed at regular rates. The problem lies with the bullion ETFs like SLV and GLD. They have had an IRS determination that they are collectibles and as such, taxed at the collectible rate of 28%. Like Bob mentio…
Howdy,
I own Tocqueville Gold TGLDX which contrary to its name is a full sprectrum precious metals fund, rather then pure play gold. It also owns gold bullion.
I've owned it taxable for years and love it.
Here's the Top 25 Holdings from m*:
…
Yeppers, there are a lot of sweet spots right now including silver. I'm riding SLV, SIL and SLW and FVI.
I'm looking at small cap canada and australia - CNDA and KROO. Pure play countries with a pot full of natural resources.
peace,
rono
Howdy,
Suck it up, youngsters. If this old geezer can adjust, so can you. The new format is more powerful and flexible and it'll be fine.
Give it a chance,
rono
Howdy,
Most of your better families have a Strategic Income fund - we use Price and Vanguard for wifey's stuff. Bob mentioned Loomis and you cannot ignore Pimco Total Return even if it's managed.
peace,
rono
