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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (39386)9/22/2010 5:54:06 PM
From: Mattyice  Read Replies (1) of 78704
 
I didnt say gold was a crowded trade. I agree with you that gold is not a crowded INVESTMENT. I think it is somewhat of a crowded trade which there is a difference imo, but that can only become more crowded, and even when it starts to get crowded as an investment and a trade it will probably get more crowded...... I traded commodities before really getting into stocks, so i cant help but look at charts and other relationships that effect the direction of commodities fwiw.

I was just suggesting that maybe burry thinks gold is a crowded trade.

I do not own gold, i am young guy.... what do i care about gold?

I hate to even mention this though, I own out of the money leaps on Newmont Mining (NEM).

EPS % Chg (Last Qtr) 77%
P-E Ratio 18
3 Year EPS Growth Rate 35%
Debt % 43%
EPS Est % Chg (Current Yr) 30%
Market Cap $31.48 Bil
Sales % Chg (Last Qtr) 34%
Dividend Yield 0.9%
3-Year Sales Growth Rate 16%
Profit Margin 38.7%

Newmont had proven and probable gold reserves of 91.8 million equity ounces and an aggregate land position of approximately 33,400 square miles (86,500 square kilometers) Also like the copper kicker, i believe 20% of revenue comes from copper.

Anybody think the eventual bubble in gold will be when our dollar is worth nothing and we realize that great we have gold but now what to do with it? Or we backing on the ability to trade that with each other and with the Chinese. The whole gold concept blows my mind for some reason.

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oh yeah, such things would never happen to our financial system.
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