*Schiff* .........is he a busted Flush?

[Mega]

Not hurt that much by rise in $ and the fall in shares simply because the £ got killed at the same time. I feel sorry for him, he was DEAD right but he simply (like the rest of us) didn't see the MEGA sell off that booasted demand for $.

I mean he must feel low right now, even Cramer can crow a bit.

Peter, if your reading this CHIN up!

The Hyper-inflation is almost here.
(If only he been in Iceland)

Mike

[metalman]

Re: *Schiff* .........is he a busted Flush?

Not hurt that much by rise in $ and the fall in shares simply because the £ got killed at the same time. I feel sorry for him, he was DEAD right but he simply (like the rest of us) didn't see the MEGA sell off that booasted demand for $.

I mean he must feel low right now, even Cramer can crow a bit.

Peter, if your reading this CHIN up!

The Hyper-inflation is almost here.
(If only he been in Iceland)

Mike

the itulip portfolio is doing ok... no stocks (especially no mining stocks!), some gold (10% - 15%), rest in treas direct t-bills.

works for me. poor schiff. too much gold, too many stocks, not enough t-bills. what did you expect?

[sishya]

Re: *Schiff* .........is he a busted Flush?

I went long yesterday and today - GDX(Gold Miners) at $16.75 and UYG(Financial) at $7.41. I may get off these positions in a short time.

I am not a trader but could not help to sit on the side lines with such mass negative feeling about these.

[metalman]

Re: *Schiff* .........is he a busted Flush?

I went long yesterday and today - GDX(Gold Miners) at $16.75 and UYG(Financial) at $7.41. I may get off these positions in a short time.

I am not a trader but could not help to sit on the side lines with such mass negative feeling about these.

i'll buy gold miners when phirang is selling.

[Mega]

Re: *Schiff* .........is he a busted Flush?

Am thinking about uping my Penn West........or Camco......any thoughts?
Mike

[solotar]

Re: *Schiff* .........is he a busted Flush?

What happened to Schiff? I see the commentary but not the data. Did he suffer a big loss?

[Guest]

Re: *Schiff* .........is he a busted Flush?

Schiff is almost fully invested in maybe a dozen mid-cap gold stocks. This guy likely lost a million or two million dollars in the space of the past few weeks. This is likely why he was lying low, as that would be like a jackboot in the solar plexus to the hardiest investor. I'm betting Schiff did not sell a single share. The guy may be somewhat prone to over promote his company and the Schiff brand, but everybody is prone to that in a business.

The bottom line is that whatever his best points or his flaws, one thing is sure - this guy is HARD BOILED. Compare him to a broad spectrum of investors here, and he likely puts the entire iTulip tribe of investors to shame when it comes to raw courage. That is one thing I will acknowledge about this guy any day of the week. And in five years when he takes home the really big payola, he will have earned every bit of it with his steadfastness.

I bet there are people here who have traded in and out of GLD a half dozen times already in the past couple of years, figuring they were "out-trading" all the rest of us flat-foots. Schiff knows better. I have not always got along with this guy, but I learned a few things about investing from watching how he moves. Namely "he does not move". Lots of people think that is the epitome of stupidity in the markets. I think he could teach them a thing or two.

And no, I'm not a huge Peter Schiff fan, but I believe in giving full credit where it's due.

[touchring]

Re: *Schiff* .........is he a busted Flush?

Am thinking about uping my Penn West........or Camco......any thoughts?
Mike

I've been watching penn west, but i thought ERF might be better? But with oil prices at $60s, i'm wondering if canroys can continue paying their dividend! If not, the shares will plunge.


Any thoughts, anyone?

[drumminj]

Re: *Schiff* .........is he a busted Flush?

i'm wondering if canroys can continue paying their dividend! If not, the shares will plunge.

What word do you use to describe what's happened to them in the past few months? :eek:

I've been holding PGH for over a year now and at the price I bought in, the yield was about 15% I believe. Now that the price has fallen almost 40%, I too am tempted to up my investment (as well as looking to other trusts). It's especially difficult given that my house is under contract and soon will have a big chunk of $$$ to figure out what to do with.

Definitely curious to hear what others are thinking. Assuming the yields stay up, it seems like a no-brainer. Those are favorite last words, though

[audrey_girl]

Re: *Schiff* .........is he a busted Flush?

as always, heroic Peter:

Part 1

http://www.youtube.com/watch?v=TP_aJ7LcAAA

Part 2

http://www.youtube.com/watch?v=coaI3...eature=related

[sadsack]

Re: *Schiff* .........is he a busted Flush?

I've been watching penn west, but i thought ERF might be better? But with oil prices at $60s, i'm wondering if canroys can continue paying their dividend! If not, the shares will plunge.


Any thoughts, anyone?

What word do you use to describe what's happened to them in the past few months? :eek:

I've been holding PGH for over a year now and at the price I bought in, the yield was about 15% I believe. Now that the price has fallen almost 40%, I too am tempted to up my investment (as well as looking to other trusts). It's especially difficult given that my house is under contract and soon will have a big chunk of $$$ to figure out what to do with.

Definitely curious to hear what others are thinking. Assuming the yields stay up, it seems like a no-brainer. Those are favorite last words, though

I was holding a basket of Canroys, including PWE and ERF. I completely cashed out for a 40% loss. I'm planning to buy it all back after the 30 day wash sale period - this assumes that oil & $CAD are going nowhere in the meantime.

With inevitable tax increases on the horizon, I feel it's prudent, where possible, to realize capital losses and save them for a rainy day, especially if you're able to buy back in at the same price you sold.

Mike - sorry for the threadjack