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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Jacob Snyder who wrote (43198)4/27/2013 10:20:31 PM
From: Wade  Respond to of 48092
 
Thank you for the correction. 33% is much smaller than what I thought could be ~65%.



To: Jacob Snyder who wrote (43198)4/28/2013 10:45:28 AM
From: John McCarthy  Respond to of 48092
 
Fascinating .... if I explode it out and make conservative assumptions

5,600,000,000,000
0.4
2,240,000,000,000
0.02
44,800,000,000


If I assume China owns 40% of the debt and earns 2% interest then they get

$44,800,000,000 out of each years Federal Budget .....



To: Jacob Snyder who wrote (43198)4/28/2013 1:08:38 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
Foreign institutions' holdings of securities issued or guaranteed by the biggest U.S. mortgage financing agencies, including Fannie Mae( FNMA.OB) and Freddie Mac ( FMCC.OB), rose by $16 billion to stand at $314.2 billion.

reuters.com

We know US government backs those obligations in certain ways and Chinese own lots of them, but are these in US public debts or are private debts?



To: Jacob Snyder who wrote (43198)4/28/2013 1:14:26 PM
From: Webster Groves  Read Replies (1) | Respond to of 48092
 
How can we have QE if the debt held by Federal Reserve has not officially changed since FY2011 ?
The questions presumes that the Treasury numbers are accurate.

wg



To: Jacob Snyder who wrote (43198)4/30/2013 11:59:30 AM
From: Jacob Snyder6 Recommendations  Read Replies (4) | Respond to of 48092
 
bot NEM @ $31.47; my first purchase of a gold miner ever; it will be a LT holding. This is a 1/4 position; I'll continue buying. My usual method is to take a modest initial position, then buy the dips, and incrementally sell the rallies, till I have my full LT position.

4.4% div yield = $1.40/$31.47

Yes, I know gold has performed better than the miners since the 2008 lows. However, if I hold gold I pay to store it; if I hold NEM, I get paid a nice dividend while I wait for the stock to recover.

I have no idea where gold and NEM goes in the next few months, but I believe gold is in a secular bull market, while the stock market in general continues in a secular bear market that began in 2000. Stock markets are hitting highs, because everyone is convinced the Fed won't let stocks go down. Everyone is ignoring the reason why the Fed (and every other central bank on earth) is doing serial QE: anemic economic growth, stagnant real wages, persistently high unemployment, lack of credit to businesses, and an unwillingness to borrow among those who do have credit (no matter how low interest rates go).

Serial QE = gold bull market. Everything else is noise.

NEM now down to a price last seen in December 2008, when gold was at $800. That's a disconnect.