Live Business Chat

Paper Gold Problems

By tamo42, read 23 times, 0 comments, Write Comment
2010 Mar 10, 03:51:56 PM

http://www.shtfplan.com/precious-metals/buy-physical-gold-the-rest-is-just-paper_03092010

There's a rumor going around that there is fractional reserve style fraud going around in the paper gold market. The paper gold market includes futures and ETFs that are traded on exchanges like the NYMEX.

If true, paper gold holders, of which I am one (500 shares in GLD), could lose value rapidly should this kind of fraud become exposed.

This rumor, again it true, further weakens confidence in the gold ma... Read more

Nobody likes a middleman - But maybe you should

By badon, read 69 times, 0 comments, Write Comment
2010 Mar 06, 05:12:40 PM

"Cut out the middleman!", we often hear. Usually, that phrase is targeted to buyers, and comes with a discount price on the product being advertised. But, should you, as a business owner, cut out the middleman? Is there some reason why you should LOVE your middleman?

Most product manufacturers could sell directly to buyers, but they prefer to deal with middlemen retailers instead because the retailers take care of finding customers for them, while manufacturers focus on their products. If the ... Read more

Temporary pullback in silver

By badon, read 114 times, 9 comments, Write Comment
2010 Mar 04, 12:12:17 AM

I think there is a good possibility that there will be a brief slowing or pullback in silver tomorrow. Other precious metals like gold will probably do something similar. I could be off a bit in the timing, but I strongly suspect tomorrow is when it will occur. The upward momentum is very strong, so it will likely resume its current run up soon after.

Don't buy right now, but watch for a buying opportunity to begin occurring sometime within the next week.

I am awesome

By badon, read 232 times, 1 comment, Write Comment
2010 Feb 21, 09:43:22 PM

I don't revisit my old postings to trumpet my successful predictions as often as I should, but it needs to be said: I am awesome. Yes, yes, I am. My last four postings about precious metals like silver, gold, and palladium have all been precisely accurate (EDIT: so have all my other older predictions):

* 2009 Oct 19 - "Silver moving down, get ready to buy".
* 2010 Jan 03 - "It's time to start buying silver".
* 2010 Jan 16 - "Silver and gold will drop temporarily".
* 2010 Feb 15 - "It's time to st... Read more

It's time to start buying silver and other precious metals again (again)

By badon, read 129 times, 0 comments, Write Comment
2010 Feb 15, 11:36:01 AM

The drop I predicted on January 16th occurred just a few days later, and has been sustained until now. My track record has been remarkable. I have done this same thing over and over for several years, so there's no reason to doubt my ability. If you're not one of the people that have been acting on, and making money from my predictions, you may want to now.

I believe that precious metals are preparing to rise again - that means it's time to buy. This is my prediction, and you will see it happe... Read more

When an education in business is not good for your career

By badon, read 103 times, 0 comments, Write Comment
2010 Feb 14, 06:20:07 PM

I attended a career fair recently at the largest University in my region of the United States. For the most part, it was the usual suits and handshakes. I was there out of curiosity, in jeans and a T-shirt, hoping to get some free stuff, and maybe - just maybe - some new ideas. Turns out, there was plenty of cool free stuff, but there were also some juicy gems of insight into the career marketplace that I was able to bring home, and present to you here. I'll tell you about it, but first, let ... Read more

When your signature can make you sick

By badon, read 100 times, 0 comments, Write Comment
2010 Feb 09, 11:13:58 PM

How often are you handed a pen when it comes time for you to sign something? Did you know that pen could make you sick? I insist on using my own pen, and I shun the "sick stick" that everyone else uses. Before H1N1 swine flu outbreak I was always treated with snickering courtesy. Now, my insistence on using my own pen is taken seriously as a reasonable way to prevent the spread of contagious diseases.

The last time I was mildly ridiculed for my insistence on using my own pen, within 3 days mos... Read more

The Food Shortages are Beginning

By tamo42, read 130 times, 0 comments, Write Comment
2010 Feb 01, 01:22:39 PM

If you've been paying attention to the "alternative" media, especially in economics, over the past 6 months, you will have seen many people talking about the upcoming food shortages for 2010 (despite the US government saying there will be record yields). In 2009 there were food riots in many poor countries because the price of basic staple crops went up to the point that the people couldn't afford to buy bread and corn.

Well, I saw the first signs yesterday when I went shopping for the week. I... Read more

The Credit Spread - Closed Out

By tamo42, read 119 times, 0 comments, Write Comment
2010 Jan 27, 10:50:16 AM

So I was able to close out my credit spread trade that I opened on Monday today. What happened was that the market fell away from the 1125 point and two days went by.

Options always have an portion of the price that is called time premium. This means you are paying extra for amount of time you have before the option expires.

When the option gets close to expiration, the time premium decays rather quickly. If you bought an option, its value decreases, and you are upset. If you sold an option, i... Read more

A Picture Explanation of The Credit Spread

By tamo42, read 129 times, 0 comments, Write Comment
2010 Jan 26, 09:35:43 PM

So the first picture here is a diagram of the profit and loss profile of this position when the contracts expire on Friday. Basically, if the S&P 500 closes below 1125 on Friday, I keep my maximum profit. If the close of the S&P 500 at expiration is above 1125, my position slides down that line to a maximum loss.

The second picture shows a probability distribution with the position profit and loss profile. Essentially, according to a normally distributed model of S&P action over the past littl... Read more