cbwang888's Blog

Gold can still go above $2000/oz in 2~3 years.

cbwang888 — Thu, 16 May 2013 10:53:23 GMT

All the long term bullish fundamentals of gold didn't change at all but only get better. People are chasing yields in equity now but paying an expensive premiums. Gold is also seasonally cyclical on physical demands from India and China. Second half of the year is usually much stronger than the first one. Liquidation of paper gold (GLD) likes is good for gold in the long run. GLD is for speculat...

Nikkei @ 4 1/2 year high

cbwang888 — Fri, 08 Mar 2013 00:34:43 GMT

It took only a few months of money printing (wealth transferring)

US stock market finally rally to new high after 3 rounds of QEs. This thing really works (for the wealt...

Mad science: How to turn gold and silver into paper

cbwang888 — Mon, 04 Mar 2013 12:50:22 GMT

Scientists: No way Banks: Simple. We can do this through ETF (GLD and SLV). It is so liquid ... maybe they can become vapor.

Fire sales on stocks of gold and silver miners

cbwang888 — Wed, 04 Apr 2012 15:17:24 GMT

GDX hits new 52 week low today. Gold miners like ABX and GG are priced lower than the valuation/multiple of homebuilders like PHM and DHI now.

Hope premium of housing recovery surpass the fear of gold crash. Is this a start of a long term trend? Or it is just HF trading to t...

Oh! No! Gold is crashing ...

cbwang888 — Wed, 14 Mar 2012 14:41:16 GMT

If someone think 2% or 5% is crashing ... then what is up with the flesh crashing of 1000 DJIX points in May 2010? Gold miner stocks are hammered today like gold is really crashing.

GDX is trading near 52W low while gold was still up 15% in 52W time frame after 15% correction...

Silver's revenge

cbwang888 — Thu, 23 Feb 2012 14:27:48 GMT

After 33% drop in a week in May 2011, and 25% intraday drop in September to $26/oz and consequently tested that $26/oz near the end of December, silver is standing above $35/oz top that set in October, 2011.

Silver is entering the $35 ~ $42 zone now and momentum traders are going to push it above $40/oz by May.
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Gold will reach $2012/oz in the year 2012

cbwang888 — Fri, 27 Jan 2012 12:31:53 GMT

It is the Dragon year.

Chinese new born baby boomers will be gifted with lots of gold.

Plus, Fed has been lying to us ... why are T-bonds yields so low?

Buy this gold dip

cbwang888 — Wed, 14 Dec 2011 13:12:49 GMT

Gold @ $1580/oz recovered $20+/oz after massive selling @ LME trading hours. All of the sudden gold is not a safe haven and USD is? Future traders are taking the FOMC meeting as a trading opportunity and it happened last time after Fed's operation twist. Silver dropped from $42 to $26 in 3 days !!!

If ECB is not going to print much to buy sovereign bonds in EU, why should euro be weak? More printing means more valuable, says USD?  What is the rationale?

T-bonds are falling

cbwang888 — Wed, 12 Oct 2011 13:40:39 GMT

Stocks stop bleeding and start looks good. The bubble is in the bond market.

Pennsylvania's capital has authorized a bankruptcy filing : http://www.cnbc.com/id/44874046

Is Commercial REITs the next shoe to drop?

cbwang888 — Wed, 05 Oct 2011 11:43:21 GMT

Commercial REITs, like all REITs, have to pay 90+% of their earnings in dividends to their shareholders. They are mostly heavily in debts, and even though some raised cash during 2009 by selling common shares or issuing more debts, they are still vulnerable to on-going tight credit environment. Now the governments all over the world also are competing for more money to fill their never shrinking deficits....

10 year T-bonds or Gold from here?

cbwang888 — Sat, 24 Sep 2011 19:16:53 GMT

Which will you buy and hold from here for the next 10 year? - 10 Year T-bonds @ 3% yield - Cash in the saving account with 0.1% yield  - Gold (that can correct 15% in days but still yield average 20% anually since 2001 - Silver (more volatile and manipulated than gold) - S&P500, which give 2% dividends but almost 0 or negative return since 2001    So if one bought gold @ 2008 peak $1050, he ...

Silver @ $29.76 ???

cbwang888 — Fri, 23 Sep 2011 14:01:17 GMT

All of the sudden, silver and gold are commodities given the debt crisis in Euro zone and USA. Gold down $100 in a day. $1628 the low of the day, so far ... USD is the "fear" currency ...

United States of Europe? No way!

cbwang888 — Tue, 06 Sep 2011 11:58:39 GMT

The CNBC headline is just ridiculous ... http://www.cnbc.com/id/44407965
"The idea is to create a central financial authority — with powers in areas like taxation, bond issuance and budget approval — that could eventually turn the euro zone into something resemblin...

Solyndra is one of examples that Obama's job growth policy not working

cbwang888 — Fri, 02 Sep 2011 14:24:10 GMT

Solar startup with 500M+ taxpayer $$$ support is going under:

Solyndra's collapse proves Obamanomics has failed : http://theweek.com/article/index/218795/solyndras-bankruptcy-political-catastro...

A wild suggestion for Ben Bernanke

cbwang888 — Fri, 26 Aug 2011 11:47:49 GMT

Instead of printing more USD, why can you create a new currency called USD2.0?

Distribute USD2.0 to US taxpayers equally. Qualify domestic US small & medium business firms that hire only US workers for selling goods priced in USD2.0 which can be redeemed from Fed for the popular USD. People who use USD2.0 to buy goods from ...

Biggest 2 day drops of gold in $ amount

cbwang888 — Wed, 24 Aug 2011 13:32:29 GMT

From $1910 to $1750 in 2 days... I think the good entry point will be high $1600, like $1688. It could happen tomorrow near the US market close.

Europeans have joined Chinese and Indian into the gold buying madness in addition to some buying from central banks (Mexico, S. Korea, Thailand ...)

Silver will be above $50 at the end of the year

cbwang888 — Thu, 11 Aug 2011 14:23:26 GMT

Gold got the same margin treatment yesterday by CME Group as silver did in late April when it moved too fast. So far today gold future drop 3% from yesterday's close while silver is going down less. It made perfect sense for some traders to unload when the market get a relief rally by Cisco not so bad outlooks and pause of European stock debacle.

Mr. Market upgraded US bonds

cbwang888 — Mon, 08 Aug 2011 08:39:39 GMT

US Treasury bonds soared after all the debt limit talks and S&P credit rating downgrade. What is the panic all about? If they are not safe, why the bond price goes up?

Revenge of silver number ( N+1 )

cbwang888 — Thu, 04 Aug 2011 14:08:37 GMT

Silver got hammered -7% while gold reverses it 1% gain to -0.5% loss.
What is new? Well USD index goes up 1.4%. Is that why?

Worldwide printing machines now go chuka chuka choo choo ...

CNBC links : ...