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coral calcium- re: admiral bay -- mugwump, 15:09:28 12/18/09 Fri
well, i remember when they were a miner too-lol!! anyway, it's a buy and forget position- natural gas is coming into favor again as utuilities are switching from coal to beat the carbon credit fiasco- so long term admiral and other gassers will do ok
HUI - making a nice H&S on the two day. -- Kitcotodd (), 14:59:15 12/18/09 Fri
If it weren't for the quadruple thing I know where I'd be betting it was headed.
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well goldeye was right.... stocks are outperforming the metal by a lot. -- Kitcotodd, 14:47:50 12/18/09 Fri
[Edit]
Admiral Bay - Mugwump -- CoralCalcium, 14:45:53 12/18/09 Fri
I'm embarrassed to say I own it. I think I bought it about a year ago at 7 cents thinking it was cheap then. It probably is cheap now but I'm not adding. I have a new rule; no more illiquid stocks. By the way, I didn't say IPT was a "buyout candidate"; what I said was that there is a serious bidder accumulating this stock. If I had to guess I would say GDXJ or another small mutual fund.
Kip, AU_NB -- Raja, 14:44:56 12/18/09 Fri
Thanks. It seems to me that the correction "was" a series of "abc"'s. So, the primary trend of xau would still appear to be UP. Of course, I may be wrong.
XAU -- Raja, 14:23:38 12/18/09 Fri
Would someone please post the hourly bar chart of xau? I am just curious. How about it: AU_NB, Frustrated, others? Tia.
-- -- Winston, 14:07:22 12/18/09 Fri
Bufford - The Super AntiSpyware program (mentioned by moonshot) often catches bugs that Anti Malwarebytes doesn't get. These two programs complement each other.
Moonshot.............thanks for links............it -- BUFFORD, 13:24:13 12/18/09 Fri
was a late nite but I bought that malware bytes that you and winston mentioned and got everything back up except the system restore. The system restore is still an issue for another day but I'll be trying the other link you posted.............thanks again
Best Buy geek squad wanted $200 to get rid of the virus.......
those bit torrent sites (pirate bay) get me in trouble but I like the free vids
Dollar ovehead- Weekly -- AU_NB (), 12:52:26 12/18/09 Fri
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Frustrated -- Kitcotodd, 12:42:59 12/18/09 Fri
I've noticed that gold & the PM stocks have behaved differently since Oct 08. It's as if everything moves at a different pace. In one year the HUI moved from 150 to 520... that took 5 years before. It has left many bugs confused. Gold is now a major part of Wall Street and I wonder if that won't lead to even more extremes and volatility going forward.
BEIJING -- Chinese central banker Zhu Min said that the dollar is set to weaken further and it will become more difficult for nations to buy U.S. Treasuries.
"When the U.S. has to fund its deficit through the combination of issuing more Treasuries and printing more dollars, it is inevitable that the dollar will continue to weaken," Deputy Governor Zhu said at a forum in Beijing today.
Uranium shares -- SilverFox, 12:33:04 12/18/09 Fri
boy they stink as of late. No market here most likely a great time to be accumlating for the next run in energy shortages. Cooking oil shortages are starting to develop. Well cooking oil is oil anyways lol
Sherlock -- SilverFox, 12:30:43 12/18/09 Fri
Well have a great holiday. We are moving into the slow season until new years anyway. Tax loss disposition will end soon therefore taking the pressure off some of the goldies.
cheers
Sherlock -- Carmack (), 12:25:37 12/18/09 Fri
Shutting down the computer for a while sounds like a good plan . Have a good Xmas !
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Gold moving up nicely yet PM shares doing dick all -- SilverFox, 12:27:08 12/18/09 Fri
Love yesterdays take down in gold and the PM ran for cover, yet today with gold firming they are lack luster. Seems we climb a wall of worry and everyone runs for the hills at the same time. Fall and winter months best performace for gold and PM shares. Feel US dollar cannot support higher values given debt and Euro overdone. A run to quality is a joke if you are looking at the US dollar to fill this roll.
So China's snub of Obama & not buying T's for past 90 days -- APOLLO, 12:26:23 12/18/09 Fri
is helping us - hmm. Given we have about $2T to roll - issue over the next 12 months, no China is a problem.
saxena -- mugwump, 12:10:27 12/18/09 Fri
The American government is staring at total obligations of US$115 trillion, America’s debt to GDP ratio is off the charts and the American public is also up to its eyeballs in debt. Under this scenario, you can bet your bottom dollar that the American establishment will try to reduce this debt overhang through a process known as monetary inflation. If you have any doubt whatsoever, take a look at Figure 1 which captures the incredible expansion in America’s monetary base. As you can see, over the past two years, the monetary base in America has expanded from US$827 billion to an astonishing US$1.93 trillion! Up until now, this surge in the monetary base has not permeated through the broad economy but once the money velocity picks up, the money supply will zoom and the end result will be surging price inflation
Winding down for the year -- Sherlock (), 12:05:02 12/18/09 Fri
I went to mostly cash today. My trading year is over and it's time for a couple weeks of vacation. And that means staying away from the computer. So, I'll not worry anymore until next year . Hopefully they'll be some good trades then. There's always something. I expect 2010 to be a lot trickier, and to say it will be very difficult to beat 2009, would be a huge understatement. 2009 was just one of those rare investment opportunities. Especially if you managed to preserve your capital, to be able to buy at the market lows. which was the position I somehow was in at the start of this year. Good luck. And many, many, thanks to all you guys and gals, for sharing your vast knowledge and wit in all things. I was happy to do my part. and I hope I made at least a small contribution to this board. Keep the faith and stay healthy. Happy holidays. See y'all next year...http://www.youtube.com/watch?v=R2vTKzyt07o
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kitcotodd... -- Frustrated, 12:05:41 12/18/09 Fri
again just throwing out the possibility, not expected
but one just never knows...
Todd - its only a bounce that we are playing -- APOLLO, 11:56:48 12/18/09 Fri
I agree that both the XAU & HUI breaking the 50 has been toxic in the past. I do think that this correction has a good shot at challenging the 200 & I think it will hold. But we are going nowhere fast.
APOLLO -- Frustrated (), 11:46:49 12/18/09 Fri
yes, at this point if it holds here I would only consider
it a bounce...but POG has held the 13 week EMA so far
which has been a requirement of almost every parabolic rise to date
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Apollo & Frus -- Kitcotodd, 11:40:49 12/18/09 Fri
I hate fading you guys, but I see the decline gainly momentum Monday/Tuesday. Too much technical damage... stochs embedded, MA's broken etc.
Frustrated - yea, the USD & Gold are not inversely -- APOLLO, 11:36:15 12/18/09 Fri
blowing us out today. Its trying to hold that trend-line. I think its temporary & we still have a shot at the 200 eventually, but a decent bounce is in the cards if this continues.
Action today is encouraging for at least a bounce -- APOLLO, 11:28:27 12/18/09 Fri
if we can get the direction back the other way into thin holiday trade, then I would agree with Frustrated, 20 points on the XAU is reasonable. Provided we get no more really bad news from Europe.
XAU...doesn't look so likely at the moment... -- Frustrated, 11:18:02 12/18/09 Fri
but if the XAU holds right here at the June high around 163
I'm seeing a possibility of a bounce up to the 181-182 area
Apollo - AEM belongs in the pound too. -- Kitcotodd, 11:08:56 12/18/09 Fri
Still sitting with most of the cash taken off a couple of days before the top. I agree with your assessment of where we're going per Frustrated's chart. I'm on board with this being a ST game changer. I think we bottom Tuesday/Wednesday around the HUI 200 day and rally hard into the last day of the year. Then I think we make lower lows in January before going sideways for a few months.
POG/XAU Ratio -- jesse22, 11:04:06 12/18/09 Fri
Currently at 6.63. This is rather remarkable. PM stocks didn't believe the up move in POG and so they didn't advance to nearly the same degree POG did. One would have thought that PM stocks would then not decline that much when POG corrected. That hasn't been the case. PM stocks are damned if they do and damned if they don't. Glad I sold the bulk of my positions.
KGC - what a dog -- APOLLO, 10:58:28 12/18/09 Fri
shame, really thought they had gotten their act together. Looking more like the CDE of "gold" stocks.
It's the fiscally responsible thing to do? -- Frustrated, 10:51:25 12/18/09 Fri
RPT-Marijuana activists seize on California fiscal jam
Fri Dec 18, 2009 8:00am EST* Marijuana legalization measure headed for ballot
* Possession would be allowed for adults, sales taxed
* Skeptics question revenue claims, warn of social costs
LOS ANGELES, Dec 18 (Reuters) - With California teetering perpetually on the edge of financial ruin, marijuana activists have seized the moment, claiming that legalizing and taxing pot could help bail out the cash-strapped Golden State.
Bets on dollar's demise go awry -- Sherlock, 10:26:49 12/18/09 Fri
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) -- The sudden jump in the U.S. dollar has dealt a blow to individual investors whose interest in currency trading surged in recent months, driven partly by bets the greenback would extend a multi-month slide....http://www.marketwatch.com/story/investors-pile-into-currency-etfs-futures-2009-12-17
Conditions for gold rally could crush other assets -- Sherlock, 10:11:14 12/18/09 Fri
Gold at $3,000 an ounce would turn world to a "terrible place," says one analyst-By V. Phani Kumar & Myra P. Saefong, MarketWatch
HONG KONG (MarketWatch) -- Several analysts predict a rise in gold prices to dizzying heights in the next two years, but if those forecasts prove true, even gold bugs will need to stay alert to ensure that gains in the metal aren't overwhelmed by losses on other parts of their portfolio...http://www.marketwatch.com/story/conditions-for-gold-rally-could-crush-other-assets-2009-12-18
Everyone should listen to this - good analysis -- APOLLO, 09:33:38 12/18/09 Fri
https://webmail.hmc1.comcast.net/owa/redir.aspx?C=d0608d83861345fa823b2c104c14b683&URL=http%3a%2f%2fclicks.aweber.com%2fy%2fct%2f%3fl%3d7UMuR%26m%3d1aJ4dlYOmjN95r%26b%3dGTzhQpX.1gU6JIdK48MQwg
Calvf -- Romanov, 09:28:41 12/18/09 Fri
"Mr. Hayden negotiated a minimum sales price for cobalt of 12.00 per pound. Let's assume it costs that much to produce. At $22 per pound cobalt the profit margin is $10 per pound. 11,400 tones of cobalt equals 251.25 million USD/ 500 million shares in the float and that's EPS of 50 cents per share in round numbers. Based on this project alone, CALVF should be trading at $5.00 per share.
A conservative calculation of the value of Blanket at 40,000 ounces per year gold production and a $500 profit margin per ounce = $20,000,000 USD per year/500 million shares = 4 cents per share profit. So based on Blanket alone, CALVF should be trading at 40 cents. Add both projects together and CALVF should be valued at $5.40 per share at a PE of 10.
These are just quick back of the envelope calculations, but they should make my point."
rowing against the current -- 2bro2b, 09:26:47 12/18/09 Fri
Heading off a run on cooking oil
The price of cooking oil has jumped over the past few weeks, reported the China Daily this morning:
The Beijing Municipal Commerce Commission issued a notice yesterday regarding the purchase limitations on cooking oil that some supermarkets have put in place.
Fastest Food Inflation Since Riots Means Milk Up 39%
Falling production in commodities from rice to milk is bad news for just about everyone except investors.
Rice may surge 63 percent to $1,038 a metric ton from $638 on Philippine imports and a shortage in India, a Bloomberg survey of importers, exporters and analysts showed. The U.S. government says nonfat dry milk may jump 39 percent next year, and JPMorgan Chase & Co. forecasts a 25 percent gain for sugar. Global food costs jumped 7 percent in November, the most since February 2008, four months before reaching a record, according to the United Nations Food and Agriculture Organization.
If you prowl Internet boating andfishing sites or recent marine industry publications you’ll find millions of words on the perils of e-10 ...
Marine service managers have an ethanol-induced headache. And it could get a lot worse, if corn ethanol producers prevail in a petition to the federal EPA. We’ve discussed the impact ethanol-blend fuel has had on marine engines, and as the prevalence of ethanol-blend motor fuel has spread across the country, fuel-related problems have become a plague for owners of both outboard and inboard marine engines. Carburetors and fuel filters are clogged with deposits, fuel tanks are contaminated with water, fiberglass fuel tanks are dissolving, and engines are being ruined from running too lean on pure ethanol that “phase separates” out of water-laden fuel.
The outboard motor intake valve on the left has been completely fouled with fiberglass resin dissolved in E10 ethanol-blend fuel. Once the stem could no longer pass through the valve guide, the cylinder lost compression. A normal valve is on the right for comparison.
A Shameless Energy Racket
Recall that the Energy Independence and Security Act of 2007 (EISA 2007) requires refiners to mix 13 billion gallons of ethanol into the gasoline supply in 2010, and 36 billion gallons by 2022. It’s an ambitious plan and great for the ethanol industry, which is already receiving a generous Federal subsidy for each gallon of ethanol it produces.
But it’s getting ridiculous. “A friend of mine who works on small motors has 25 or so just like yours lined up in his shop,” said veteran outboard mechanic Scott Noyes, service manager at Shamrock Marine Service in Pasadena. “They’re all doing the same thing.”
Murder-for-Votes, whether drowning in rough or icy or white waters or food riot street clubbings. Like they say ideas have consequences like policy and policy has consequences. Following ideas to their source in headwaters, spawnings, Dr. Livingstone is not a nice guy nor the nonrefundable snapshots, depictions of the things hidden in the foliage on the banks winding through the changing latitudes, attitudes, elevations and seasons,
ravines and gullies cut to valleys of unchanging course echoing with rumor of the mother lode upstream never found nor assayed only the erosion to evidence a source, the twists and turns through convenience and avoidance The Big Idea itself. Sort of like the _can_ kicked down the road until run out of road.
Here comes the blind commissioner
They've got him in a trance
One hand is tied to the tight-rope walker
The other is in his pants
And the riot squad they're restless
They need somewhere to go
As Lady and I look out tonight
From Desolation Row
APOLLO -- Frustrated, 08:57:32 12/18/09 Fri
The first count I posted seems the most likely and what
I have been going by at the moment, as always time will
tell
hochschild's never gave exmin a cent for their share of a producing mine -- mugwump, 08:57:24 12/18/09 Fri
and tried the same crap with minera andes only McEwen came to mai's rescue at the last minute
GORO... -- Frustrated, 08:38:31 12/18/09 Fri
Gold Resource Corporation Closes $16 Million Private Placement With Hochschild Mining to Accelerate Underground Development 12/18 06:00 AM
DENVER, CO -- (MARKET WIRE) -- 12/18/09 -- Gold Resource Corporation (GORO:$9.98,00$-0.22,00-2.16%) is pleased to announce that Hochschild Mining plc (Hochschild) has invested $16 million in a private placement, purchasing 1,954,795 restricted shares of GRC's common stock with no warrants. Funding will be used at GRC's Aguila Project in the state of Oaxaca, Mexico. Commissioning of the El Aguila mill is underway and concentrate production is anticipated soon. Hochschild is a leading mid-tier precious metals producer and expert underground miner, based in Lima, Peru and listed on the London Stock Exchange. Hochschild has mining operations and projects in five countries in the Americas including Mexico. This placement has increased Hochschild's total holding in Gold Resource Corporation (GORO:$9.98,00$-0.22,00-2.16%) to approximately 27%.
Of the total $16 million funding, $8 million will be used at the El Aguila Project for working capital during commissioning, training and start-up and continued construction of the Phase 2 tailings facility. The remaining $8 million will be used exclusively for the acceleration of the Arista underground mine development.
William W. Reid, President of Gold Resource Corporation (GORO:$9.98,00$-0.22,00-2.16%) , said, "We are pleased Hochschild is supportive of our need to accelerate the underground development. We must have the Arista underground mine developed sufficiently over the next twelve months to deliver sustainable polymetallic vein ore to the mill on a daily basis by the time the open pit mine is finished. If we had to rely solely on the ramping up of sufficient cash flow this important aspect of the project could have been delayed. The previous $4 million escrowed for exploration and underground development, of which $3.5 million remains, will now be used solely for exploration."
Mr. Reid stated, "We are pleased to have the continued support and financial assistance of Hochschild Mining as we make the transition from an explorer to producer. Hochschild continues to assist us in many ways, in addition to financial support, which has been much appreciated."
Mr. Reid continued, "Our exploration this past year has doubled the Project's mine life to an estimated 9 years and has showed us tremendous upside potential beyond that. We have navigated and adjusted to the demands of project construction and are excited to be joining the ranks of a producer during this time of historic gold prices. Equally as important is the $8 million for accelerated underground development of the Arista deposit so the Company can make a seamless transition from the Project's El Aguila open pit mining in year one to La Arista underground mining in year two and beyond."
Frustrated - seems to me 151 (200) is a done deal -- APOLLO, 08:32:19 12/18/09 Fri
Nothing looks very good to me right here. The SM is topping out & we are now heading away from liquidity as the markets retreat from "Risk" trades. We need to pull back from this soon, or we are going to get a bit of Oct 2008 - already have to a certain extent. Just don't see an easy fix to Greece & Eastern Europe, so its tough to see gains ST going forward - a bounce here, sure. The big trade in gold right now, is still liquidity - we are a ways away from a value flight & liquidity is evaporating. But, as I said before, the next phase is a currency crisis & so I would hope at some point, gold moves in tandem with the USD. But stocks in general may not be so lucky. We'll see.
Beware hidden bombs -- doran, 08:22:30 12/18/09 Fri
Citigroup may not have run the stock down deliberately to goose up year-end compensation - that's like burning your house down to toast marshmallows - but only insiders really know how many time bombs lurk inside its portfolio. - David Goldman http://blog.atimes.net/?p=1281
APOLLO... -- Frustrated, 08:17:45 12/18/09 Fri
Frus count ...here's two other possibilities if the XAU
continues on up...and why it's so hard to GUESS where
things might go...
goldeye...they've been lagging for sometime... -- Frustrated, 06:40:35 12/18/09 Fri
I think there needs to be more proof that the majors can
indeed make money...their track record on that account thus
far hasn't been all that good as the percent increase in many
cost inputs (INCLUDING WAGES) rose faster than the increase
in the POG...
Kitco ticker is showing the bid, not mid price. -- Glyndwr, 05:50:51 12/18/09 Fri
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well gold is a nice resource to have when you need cash -- Nuclearson, 05:50:26 12/18/09 Fri
my brother had to sell 50 oz. the other day to make bond on a court deal where one of his evil ex-wives (the first one) is claiming he owes more on his child support payments for 4 kids...but she is wrong, he will win, but his gold is liquidated at 1038
Polls reveal disappointment, dissatisfaction with Obama -- doran, 05:48:37 12/18/09 Fri
Moreover, the Wall Street Journal, covering its own survey, took note of the fact that “public displeasure with Democrats wasn’t translating directly into warmth for the Republicans.” Only 28 percent of respondents had positive things to say about the Republicans, and a mere 5 percent expressed “very positive” sentiments; only 10 percent felt “very positively” about the Democrats. http://www.wsws.org/articles/2009/dec2009/poll-d18.shtml
EUR knocking $1.4400 again -- Glyndwr, 05:30:29 12/18/09 Fri
Up a cent from yesterday's lows. Unfortunately Glod lagging the recovery. When EUR was $1.400 yesterday, Glod was at $1130. Seems it either wants to fall further, or we'll see some real catch-up today.
roulston -- mugwump, 04:03:55 12/18/09 Fri
Several sophisticated investment groups are now working to profit from that disparity in values. We recently wrote about Endeavour Mining Finance. That company has set about to amass a substantial holding of gold resources. Their strategy is to buy the small producers, which they can acquire less expensively than the larger companies. Ultimately, they plan to consolidate a number of small producers to create a million-ounce-a-year gold mining company. That consolidation would result in a valuation much higher than the sum of the values of the small companies.
That strategy of investing in the smaller gold companies also gives investors exposure to a great many more ounces of gold in the ground for the same invested dollars.
That is, investing in the smaller gold producers and development stage companies gives investors a triple winning combination: 1. Exposure to more ounces of gold for the same investment; 2. Gains in value as gold deposits move toward development; 3. Upside potential in values as smaller companies are rolled into larger companies.
In the newsletter, we will be seeking to identify the companies most likely to be acquisition targets. In this way, subscribers will get access to producing gold companies and also the opportunity to realize the gains in value of particular companies.
fed tightening? forget it -- mugwump, 04:01:42 12/18/09 Fri
Specifically, note that the Fed does not list improved economic and financial conditions as a condition to tighten, but only as a reason to phase out additional liquidity facilities. The Fed's balance sheet, when adding MBS purchases and commitment to buy securities, net of phased out liquidity programs, has continued to grow.
As a result, it seems that the Fed may indeed halt the massive balance sheet expansion at the end of the first quarter of 2010, but such a break is not indicative of tightening, but a pause at an extraordinarily accommodative level.
In our assessment, the Fed is continuing to ease at a time when the European Central Bank (ECB) has already withdrawn liquidity and central banks ranging from Australia to Norway have raised interest rates. It seems rather unlikely to us that the Fed will have a tighter policy than the ECB in 2010. Of course, the eurozone faces challenges in Greece, Ireland and Spain, amongst others; but the U.S. will also face substantial headwinds, for example, commercial real estate. Ultimately, the global tightening wave many market observers are predicting in 2010 may be far weaker than priced into the markets.
lord jim -- mugwump, 03:34:23 12/18/09 Fri
The euro has been talked down from the $1.52 level by those that had established very large shorts in the same manner that we are all used to. The employment figures changed a statistically insignificant amount and the MOPE machine went to work.
Gold of course came down inversely to the stronger dollar.
The question now that the USDX has appreciated above the .77 level is what fundamental legs are left after the weak hands are ejected? You need to know that FOREX houses have come on to that focus on Gamma's account at 500 to 1 leverage.
The rub in the conclusion that there are little to modest legs in this short squeeze is because the Fed is dedicated to maintaining low short terms rates as they definitely understand the Peanut Brittle recovery. The highly professional and well financed money managers will not abandon the utilization of the dollar as a carry currency, having once again gotten the Fed's green light.
Fundamentally 10% unemployment would delight the markets, but what a hell of weak basis upon which to anticipate any major recovery in a consumer driven Western economy.
If you can stand the heat in the gold kitchen it will protect you from the madness of monetary mismanagement, rulership of the banksters and capitulation of FASB. The alternative is to buy the dollar and get a spiritual experience without the need for a guru in the not too distant future.
they think the Greek banking crisis is being deliberately overstated, just as we heard a few months ago that Eastern Europe was going to drag down the EU. The objective being to by time for the United States and Great Britain financial systems on the verge of collapse.
It is, however, idle to deny that the cult of evil has always existed; -- mozel, 02:14:47 12/18/09 Fri
the invocation of the powers of darkness was practised in the earliest days of the human race and, after the Christian era, found its expression, as we have seen, in the Cainites, the Euchites, and the Luciferians. These are not surmises, but actual facts of history. Towards the end of the twelfth century Luciferianism spread eastwards through Styria, the Tyrol, and Bohemia, even as far as Brandenburg; by the beginning of the thirteenth century it had invaded western Germany, and in the fourteenth century reached its zenith in that country, as also in Italy and France. The cult had now reached a further stage in its development, and it was not the mere propitiation of Satanael as the prince of this world practised by the Luciferians, but actual Satanism—the love of evil for the sake of evil—which formed the doctrine of the sect known in Italy as la vecchia religione or the "old religion." Sorcery was adopted as a profession, and witches, not, as is popularly supposed, sporadic growths, were trained in schools of magic to practise their art. These facts should be remembered when the Church is blamed for the violence it displayed against witchcraft—it was not individuals, but a system which it set out to destroy.
pajamagram ads- Have y'all noticed that all of the -- lonestar, 00:50:23 12/18/09 Fri
males(?) in this add are sweet savages? It's really worth a close scrutiny/watch. These gays...er...guys are unreal. What a laugh. maybe they think that if they appear in these ads with these hot chicks, they will get to meet their brothers.
BUFFORD - I have seen that before. -- morbius, 00:39:27 12/18/09 Fri
I believe that you hit upon some software that is trying to GIVE you a virus. DO NOT select any options offered to you such as 'free virus scan' or whatever. Immediately terminate the program (with the task manager, preferably) and reboot. This strategy has been successful for me the last few times I stuck my disk where it didn't belong.
??PC virus fever any suggestions .............ever since I switched to firefox -- BUFFORD, 00:23:55 12/18/09 Fri
it seems more open for trojans/viruses. Mcafee let one slip through 2nite on my other PC and now while running Mcafee it won't get rid of the trojan / virus. In the past I would use system restore to go back to a earlier date and then run the scan and it would catch it. This time it will not let me into system restore. I'm ran mcafee stinger in the safe mode and am now running the scan again before I restart in the normal mode. The virus shows several windows saying you have a virus trying to suck U in to buy their product.
?????????????curious if there is something better than Mcafee stinger or a back door into the system restore on XP
Independent NI 43-101 compliant resource estimate with M and I
resource of 14.7 million ozs of gold and 396 million ozs of silver plus
Inferred resource of 1.9 million ozs of gold and 38 million ozs silver
• Received positive metallurgical and processing test results with
overall gold recoveries of 85% - 90% and silver recoveries 80% - 85%
• Advancing NI 43-101Preliminary Economic Assessment (“PEA”)
report to be completed in 2010
• M3 Engineering contracted to prepare PEA based on production
rates of 90,000 tonnes per day or higher
• Regional reconnaissance identifies potentially large mineralized
systems in Sinaloa state
• Monetization of non-core assets underway
Careful not to eat too much of your gold -- Mikikis (), 23:54:09 12/17/09 Thu
Study: Mistress of French King Died From Drinking Too Much Gold
Thursday, December 17, 2009
LONDON — A British medical journal has published findings saying a mistress of 16th-century French King Henry II may have died from consuming too much drinkable gold.
When French experts dug up the remains of Diane de Poitiers last year, they found high levels of gold in her hair. Since she was not a queen and did not wear a crown, scientists said it was hard to see how jewelry could have contaminated her hair and body.
Experts now say that the popularity of drinkable gold — believed to preserve youth — in the French court makes it very likely de Poitier's beauty elixir ultimately killed her. The findings were published Thursday in British medical journal BMJ.
Despite being two decades older than King Henry, de Poitiers was one of his favorites.
BEIJING -- Chinese central banker Zhu Min said that the dollar is set to weaken further and it will become more difficult for nations to buy U.S. Treasuries.
"When the U.S. has to fund its deficit through the combination of issuing more Treasuries and printing more dollars, it is inevitable that the dollar will continue to weaken," Deputy Governor Zhu said at a forum in Beijing today.
"The perma-gold bears get skinned, go into hibernation, come out during each correction declaring the top is in only to get skinned again. This time will be no different."
goldeye@why pm stocks are lagging -- Miniminer, 23:05:45 12/17/09 Thu
Could it be that the markets are beginning to project the miners to be near 'run-off' mode as the available in-ground resources are becoming scarce and more costly to mine? Could the cost of capital affect their profit line?
It seems the oil stocks are also lagging the oil price as it becomes more scarce.
I don't know,I'm just making conversation/observation
Speaking of Rib Eye Roasts and legs of Lamb -- kapex, 22:23:33 12/17/09 Thu
I would season the roast and put garlic in and then grill it.
Far and away the best tasting meat next to the lamb that I cook on the grill.
Take a bowl and add dijon mustard and lots of crushed garlic. Add fresh rosemary and put garlic in the lamb with a knife by making a slit. Add cloves.
You can cook on the oven but I just grill it.
I grill everything.
You will love the rib eye roast and then you will have the lamb and will have a hard time choosing which one is your new favorite meat.
What you may want to do with both of these is once you have grilled to a point that the exterior is nicely done, is to finish it in the oven.
I like the roast rare to med rare and the lamb med rare.
I think you'll like the lamb very much.
The dijon mustard will grill away as it's cooking so don't be afraid to smear it on with a lot of garlic inserted in and crushed in the dijon/rosemary mix.
Go get fresh rosemary, not in a jar.
The rib eye roast just needs garlic inserted via slits.
All over.
Just heard on radio news -- mudturtle, 22:06:13 12/17/09 Thu
US Postal Service to lose 8,000,000,000. because of lack of first class mail to subsidize the rest. Compose a love letter every day to help them out.
There's light around the corner -- goldeye, 21:51:35 12/17/09 Thu
On the surface today may have seemed like an awful day, but there is some light forthcoming my friends. And that is the goldies (gold stox) are too much under-valued to the pog. Believe it or not the pog is actually rising vis a vis the goldies. So what does this mean? Well, the way I look at it, the goldies will most likely lead gold out of this pronounced slump. And when will this happen? Well, as we all know timing is most difficult but I would hazard to speculate that we will see a V-shaped recovery in the goldies very soon. This will be followed by a recovery in the pog. I guess time will tell.
crazy furriners bidding up Mr. Shiny. -- mudturtle, 21:36:45 12/17/09 Thu
I am likely wrong, but could it be that POG is getting cheap enough to get back in the Kip chart channel? Can anyone here point to any macroeconomic news anywhere that is good? Even Germany is tossing the Euro rules on deficit spending. I'd like to be upbeat on the overall picture. C'mon doran, post something unqualifiedly bullish on the world economy acceleration (to the upside).
I lost enough on my long positions today to fund two years of modest retirement. Of course I will be heavily taxed on the hedged positions to counteract the long debacle.
more off topic practical info. -- mudturtle (maybe not for cars as aged as Frustrated's-kidding), 21:20:08 12/17/09 Thu
What is a Technical Service Bulletin?
Prior to the internet, you had to almost bribe the dealer or mechanic to find out what service bulletins the manufacturer issued for your vehicle. A Technical Service Bulletin, or TSB, is a notification by the manufacturer on how to fix a common, recurring problem in a vehicle, but it is not a full recall. According to an Edmunds.com article about TSBs:
Most TSBs are released during the first year that a vehicle is offered or the year following a redesign…in order to address areas that might have been overlooked when designing the car.
These bulletins differ from recalls in that they are not considered safety or emissions issues and they usually apply only when your vehicle is in its warranty period (whereas a recall is “open” until the work has been performed). TSBs frequently (but not always) address a recurring problem and include illustrated instructions for repair, a list of the parts needed, the warranty status and the labor charge.
Find all the Technical Service Bulletins for your vehicle online
Edmunds.com provides a very valuable service where you can find all the TSBs for your vehicle (back to 1990 model year). You can browse to the “Maintenance Schedules, Recalls, and Technical Service Bulletins” applet here. http://www.edmunds.com/maintenance/MaintenanceServlet
You plug in the details about your vehicle year, make, model, and trim, plus the current mileage, and you get access to maintenance schedule (for your mileage), recalls, and most importantly, the TSBs. I think the TSBs are most valuable because recalls and maintenance schedules are either readily available to required by law to be distributed to owners (recalls). However, TSBs are usually minor problems, but still very important for a new vehicle owner.
was this it? -- Delta-au, 21:15:33 12/17/09 Thu
Traff's Recipe
Preheat your oven to 475 degrees. Put your Prime Rib in
a pan, with the bones down and fat side up.
Season it – or don’t. ( I punch a few holes in the fat and
press some chopped garlic into them, sprinkle on a little
onion powder and then add salt and pepper ) .
Put the thing into the oven and cook it 6 to 8 min per pound!
6 minutes will cook it rare to med rare.
8 minutes will cook it purdy well done.
I cook mine for 7 minutes and it gives me a Med Rare center
and well done ends.
At the end of the cooking time, turn off the oven. –
DO NOT open the oven door! Keep the doors closed for
another 2 hours. ( Mrs Traff duct-tapes the oven shut when
she starts cooking to keep folks from messing with it. )
I hope it isn't ME. -- Pyrite, 19:52 -- mudturtle, 21:12:54 12/17/09 Thu
DITTO.
I did connect someone to someone to buy three phillies at spot at 928. (no commish because I am so selfless and wonderful) I advised against it at the time. What do I know?
-------------
Fattening crud to the usual suspects in the Gang of Fools should arrive tomorrow via UPS. If the UPS driver leaves it on your stoop, get it before the raccoons haul it off to the koi pond.
I hope it isn't ME. -- Pyrite, 19:52:22 12/17/09 Thu
I'd be willing to bet that I haven't added an ounce to physical SINCE 850 or so. Seems that 930 was the last iggle price I actually ponied up for.
Done some TRADING of shares since then, but haven't gone ...shopping.
yeah coral- i have cabo and gold ore -- mugwump, 19:34:12 12/17/09 Thu
both grossly undervalued but profitable
roan also likes cabo- and yes, i loaded up on ipt a couple of weeks ago- i even posted your note from mexico mike's forum
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$870 certainly in the game... -- Frustrated, -- The_Vet (), 19:13:00 12/17/09 Thu
that may be right Frus, but it's a game I would rather not have to play...
I'm back in Oz after a spending the last 3 days of my dive trip in a Fiji hotel watching cyclone "Mich" devastate the place. It wasn't too severe as storms go (category 2) but it sure left the place littered with coconuts.........
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Bought EAU -- Iainmac, 19:13:50 12/17/09 Thu
cos mugwump told me to
not admittin' to bein' white 'til I see if I still have a chance--WALIAC -- Pyrite, 18:54:52 12/17/09 Thu
Forget it. You already blew it by leaving off the final "s" in "sees." "Have" for "has" was another gaffe.
waliac .. sure thing .. -- Delta-au, 18:39:00 12/17/09 Thu
just eggsplain what yer doo in 2010 ..
and I'll give ya the Noble prize fer Xmas .
and .. cough cough .. for a very small fee ..
you know, just to cover my expenses ..
..
POG........buy opp, as the situation will worsen for us economy -- AZAU, 18:22:55 12/17/09 Thu
post holidays, post stimulus, collapse of debt bubble still to come.
I ain't writing off $1100 quite yet. -- Glyndwr, -- Miniminer, -- Glyndwr (), 18:12:04 12/17/09 Thu
'Unpredictable'.. Yup. Fizzicle is the Real Thing. The rest is just a bit of fun..
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Whew! What a day -- Sherlock (), 18:11:21 12/17/09 Thu
Today was much too much. We should get a bit of a bounce tomorrow. There are lots of folks that were waiting to buy in. Some are bound to take the plunge. Sorry bad choice of words.l... My sister is a school teacher in this city... Now you know why I left Mass. many, many, years ago. See y'all...8 Year Old Suspended For Drawing Jesus On Cross The nuns back in my school days would have placed a gold star on it....http://www.youtube.com/watch?v=yH-fFJuXHIQ&feature=popular
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I ain't writing off $1100 quite yet. -- Glyndwr, -- Miniminer, 18:02:11 12/17/09 Thu
I wouldn't be surprised if pog retested the crash low of $800ish
The financial world is really as fecked up as it was last year. I could see $2000 gold or $800 gold....what an unpredictable time we are in.
- -- faloffal, 17:54:05 12/17/09 Thu
Turkey* emerging market. Three white candles in early December...This formation has corrected in other listings, esp the bigger golds like AEM and K. You get a big exodus from the stock market in this country and where does the money go?
Isn't that special ! -- Sherlock, 17:41:36 12/17/09 Thu
Citigroup, Fannie, Freddie suspend evictions for holidays_By Ronald D. Orol, MarketWatch
WASHINGTON (MarketWatch) -- Fannie Mae, Freddie Mac and Citigroup Inc. announced Thursday that they will suspend foreclosures and evictions during the holidays...."We hope that with this suspension we can make the holidays a little less stressful for our customers who are going through a very difficult time," CitiMortgage President Sanjiv Das said in a statement. "And we will continue to look for meaningful ways to assist our customers experiencing hardship."...http://www.marketwatch.com/story/citigroup-suspends-foreclosures-for-the-holidays-2009-12-17
What is it about Arabs and adulterers? -- RIP (), 17:34:11 12/17/09 Thu
...“The Tiger Woods Dubai … can confirm that it remains committed to the completion of its centerpiece Al Ruwaya Golf Course, and that progress continues on the first golf course designed by Tiger Woods,” Tiger Woods Dubai said in a statement. “Tiger Woods Dubai does not comment on the personal lives of our valued partners,” it added. http://dealbreaker.com/2009/12/sinking-ship-values-relationsh.php#more
Oh, I forgot.
Desperation?
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- -- faloffal, 17:30:42 12/17/09 Thu
information is gold ... propaganda is paper
so true Mozel. Thatz why they so worried a blackhole make info disappear. Can u imagine?
another thing to remember, 'they' read everything. It's called The Intelligence Agency. They monitor it all, upside down, backwards adn forwards. Encryption is cool too, but some countries don't play ball with The Almighty and we could get some outgasing. This tends to occur after Xmas but it could be delayed until the new year. Hard to say.
Pritch -- RIP, 17:29:15 12/17/09 Thu
...“In fact, we would like to see the restoration of a gold standard to prevent the sort of excesses we have seen. The world has been in a bubble since the mid-1990s. They are still blowing news bubbles to keep it all going, but each bubble is shorter and shorter. It is frightening, and is all going to end in tears,” he said.
Saxo Bank is squarely in the camp of Sino-sceptics, noting that China’s alleged industrial and GDP growth does not tally with weak electricity use. In any case, growth has been built on an investment bubble creating “massive spare capacity”. 2010 will be the year when it becomes clear that there is not enough demand in the world to absorb all their excess production. The yuan will devalue by 5pc, defying near universal expectations of a sharp appreciation.
----
Excellent.
dollar rally -- Miniminer, 17:24:44 12/17/09 Thu
The usd rally is gonna put a damper on the earnings of corps that have been lovin the exchange rate and layoffs over the past 6 months that have boosted earns over expectations....I suspect we'll see earnings warnings by mid january if the dollar simply stays at this level.
- -- faloffal, 17:22:38 12/17/09 Thu
i mention women quite a bit and there's a reason. The group born 1960 - 1970, there's a lot of them, and they are generally well beveraged on feminist hooch. So they're a comin' and if your an old guy hiring, you just do it, and get outta the way. I'm in a final interview tomorrow and if they don't hire the gal, they've made a mistake. On the bright side, you get me here even more!
-- -- Winston, 17:05:26 12/17/09 Thu
British Airways reveals £3.7billion pension deficit ahead of strikes .........
The airline’s 13,500 cabin crew will start a wave of industrial action next Tuesday, Dec 22, that will last until Jan 2.
The strike is likely to ground almost all of BA’s fleet, ruining the pre-booked holidays and family reunions of the estimated one million travellers scheduled to fly with the airline over Christmas and New Year.
"What software are you using to generate the non-linear curves?" -- Earl, 16:33:28 -- Kip, 17:04:50 12/17/09 Thu
Earl..... any graphics software package that offers a Bezier curve option will work.
I use SnagIt (not free) because it does screenshots too.
I once mentioned to you PaintNet. It's a free program, and good. & does Bezier curves (...choose the 'line' option in the Tools window) http://www.getpaint.net/index.html
Buy Gold Stocks -- Sherlock -- Permabear1, 16:56:35 12/17/09 Thu
I could not get that link to open. What does he mean 2%, it has been a much bigger correction than that.
us dollar -- WileE, 16:56:08 12/17/09 Thu
bubble: this looks like a blowoff top in a counter-trend rally. Can't say today is the ultimate high, but it's a candidate. If you're buying the gold dip--keep buying.
Buy Gold Stocks -- Sherlock (), 16:42:06 12/17/09 Thu
NEW YORK (TheStreet) -- J.C. Doody, editor of goldstockanalyst.com, says that a 2% pullback in prices is normal and a great time to scale into gold stocks....http://www.thestreet.com:80/video/index.html#57870372001
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2010 will be our year! -- Goldfish, 16:38:07 12/17/09 Thu
Pollster: 2010 could be year of 'the angry white male' heading into elections
This is a serious question. There was a massive dump the day after RSA 'women in mining' conference broke on this forum, and y'know, a company needs plenty of chicks on the roster or there'll be no crow for the shareholders (these dayz)
Romamov -- SilverFox (), 16:35:21 12/17/09 Thu
Well Romamov just check out the silver shorts. You will see several banks holding all the short postions. Therefore yes manipulation is taking place. It is not crap it is a fact. Open your eyes and realize that todays markets are a rigged game and your lucky to pick up a few crumbs off the table.
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S&P 'curvilinears' -- Kip -- Earl, 16:33:28 12/17/09 Thu
What software are you using to generate the non-linear curves? They have merit for TA but I also have need in a more pedestrian app.
I assume the software has some sort of fairing function.
"evidently someone found the desire and closed bullion below 1100." -- Hambone, 16:05:33 -- Kip (:-:), 16:27:54 12/17/09 Thu
someone??...... d'you really think that only just one participant in the vast around-the-clock international gold market could determine its price at 1600 EST?
IF the player were the U.S. gov't....... otherwise, hardly.
your statement reminds me of the oft referred to here "they" or 'crapex' or some other singular ??? doing this or that, .....referring somehow to their depressing the POG. Sheer nonsense ignorance most instances. IMO. .......Blame and complain.
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kip - I know. The boobs.... -- morbius (), 16:29:56 12/17/09 Thu
How could anyone POSSIBLY believe that there is any fraud in the 'market'? After all, there are at least a trillion reasons for the USD to rise (and trillions more on the way).
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Jon Nadler, I bet he's as happy as a blind squirrel -- Sherlock, 16:30:29 12/17/09 Thu
It's one of the days, where it's not just a correction but a possible trend change, a shift in perception," said Jon Nadler, senior analyst at Kitco Bullion Dealers. "Dollar carry-traders got spooked, and started hitting everything that was frothy," including gold, oil and other metals.
Romamov - Yep, If Hambone had a couple hundred dollars worth of CALVF -- morbius (), 16:24:41 12/17/09 Thu
he might have been able to sell his shares (all $200 dollars worth) for a profit without moving the market (the market in CALVF).
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an of the moment has rough 2010 in store Commentary: Ben Bernanke's 2009 was easy -- Sherlock, 16:24:20 12/17/09 Thu
By David Callaway, MarketWatch
SAN FRANCISCO (MarketWatch) -- Ah, to be recognized as "person of the year" on the same day Tiger Woods was named "athlete of the decade."...http://www.marketwatch.com/story/man-of-the-moment-has-rough-year-ahead-2009-12-16
Calvf +8.85% -- Romanov (), 16:11:35 12/17/09 Thu
at the close.
No bloodbath here, eh Hambone?
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Gold falls to mid-Nov. lows as Fed bolsters dollar -- Sherlock, 16:15:36 12/17/09 Thu
Gold tumbles to lowest in more than a month as dollar gains
SAN FRANCISCO (MarketWatch) -- Losses for gold futures deepened Thursday to close at mid-November levels, pressured as investors bid up the U.S. dollar on concerns about Greece's ability to pay its debts and on expectations the Federal Reserve was inching toward raising rates....http://www.marketwatch.com/story/gold-sinks-as-greek-woes-fed-views-lift-dollar-2009-12-17
Looks like the 'Cincinnati Kids' are joining in @ $1100 bust finger-painting.... -- Glyndwr, 16:15:30 12/17/09 Thu
Good time to feel grateful for having a Fizz stash, behind watching their paper games.
An Edward G. kinda thing..
'You're good, kids... But as as long as we're around you're second best. You might as well learn to live with it..' http://www.youtube.com/watch?v=5698x5qVWeg&NR=1
Oracle Q2 net income 29c vs 25c/ Research In Motion Q3 net income $1.10 vs 69c -- Sherlock, 16:09:59 12/17/09 Thu
Might help the stock market tomorrow. It needs all the help it can get...Research in Motion shares jump 9.5% after hours
Investors pile into currency ETFs, futures -- Sherlock, 16:02:15 12/17/09 Thu
By Deborah Levine, MarketWatch
NEW YORK (MarketWatch) -- Individuals who believe the value of the U.S. dollar is on a long-term decline are increasingly backing up those beliefs with investments designed to gain when the greenback tumbles.... http://www.marketwatch.com/story/investors-pile-into-currency-etfs-futures-2009-12-17
Meadowbank is by far AEM's gold future -- RIP, 15:46:57 12/17/09 Thu
And that was after taking over Cumberland.
There are a number of risks in that one.
I'd say AEM is poorly managed.....at best.
Yet the market has up to this time given them a free ride.
RIP - MA -- morbius (), 15:43:43 12/17/09 Thu
Manipulation Analysis - Anybody with a fistful of FRNs and a few functioning brain cells knows that TPTB will periodically orchestrate Defensive Dumps. Only two questions: How low can they get the POG (They obviously want sub-$1000), and how much bullion gets loaded on the Shanghai Express to accomplish it. What does someone flush with FRNs and wanting physical say to the rising USD and falling POG? "Thank you, Sir. May I have ANOTHER?"
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Sherlock -- RIP, 15:42:17 12/17/09 Thu
AEM should have used their inflated share price for acquisitions.
Instead, they concentrated on organic growth.....which judging by their outlook....doesn't look so cool.
Blizzard Dumps Snow on Copenhagen as Leaders Battle Warming -- Sherlock, 15:35:32 12/17/09 Thu
By Christian Wienberg
Dec. 17 (Bloomberg) -- World leaders flying into Copenhagen today to discuss a solution to global warming will first face freezing weather as a blizzard dumped 10 centimeters (4 inches) of snow on the Danish capital overnight.
...http://www.bloomberg.com/apps/news?pid=20601130&sid=a5wStc0K6jhY
It's a ham sandwich. -- RIP, 15:35:17 12/17/09 Thu
The ability to drive POG hundreds of dollars lower has been there for quite a while.
The only thing lacking is the desire.
Whoever wants it higher is shaving both sides of the coin.
I have never been more sure.
full court press in Indian Consolidation meme. Banksters and now Borkers getting the squeeze ho... lozza instability building in India now... Is there an agenda? naaaaaaaaaaaa y'figure?
- -- faloffal, 15:24:44 12/17/09 Thu
Vacation charter airline Transat, gone ballistic.
no screwin' around in Canada, too cold. This might have repurcussions for 'morphology' meme. Big Quebec freeze a comin'.. long winter and Boomer, she ain't that young anymore, eh?
- -- faloffal, 15:18:07 12/17/09 Thu
"The Eurozone economy has returned to positive inflation for the first time in seven months. Eurostat said that inflation for the year to November was at 0.5% within the zone. Much of the inflation has been due to increased energy costs. Across the European Union as a whole, inflation was at 1%, up from 0.5% in October. The European Central Bank’s target for inflation within the EU is 2%. Analysts are predicting that Eurozone economies will post a positive GDP for the second successive quarter when Q4 data is released. On the unemployment front, the rate of people becoming unemployed has eased to its lowest rate in 14 months" http://www.dailyforex.com/fundamental_analysis/2009/12/_3197_dailyforex-news_Eurozone_Inflation_Rate_Rises.aspx
I can see where this leads... over to EuroStat to figure out the configuration
4 Big Mortgage Backers Swim in Ocean of Debt -- Sherlock, 15:11:38 12/17/09 Thu
By: Mary Williams Walsh
The New York Times
Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support....http://www.cnbc.com/id/34459365
he give out some pretty good numbah's after big Climate Bear Trap rant
#3, 51%, $1.07 and 6
wella, I think #3 is dealt with already. See early today. 1.07 is now in the books, if Canuckian buck weakens no further (but that is not a given by no means). 51% could be antyhing, but I'll say it might be GOLD going down next year from the all time highes. Numbah 6 in the falogram is LICK YOU ~ psychology ~ it's all ina yo Head.
Barrick Gold executive vice-chairman Greg Wilkins lost his battle with cancer at the age of 53. -- Sherlock, 14:58:05 12/17/09 Thu
Paul Bagnell looks back on the career of the man who helped make Barrick the world's largest gold miner....http://watch.bnn.ca/clip247635#clip247526
@dollar -- Smythe, 14:48:28 12/17/09 Thu
another round of deleveraging and another scramble to find liquidity in the currency where most of the debt is demoninated. Demand is still larger than supply.
When fear strikes.....they don't so much hide behind the dollar's skirt -- RIP, 14:45:32 12/17/09 Thu
...they actually NEED dollars.
Of which there are not enough....on a global basis.
its not a case of the USD being the "safest" asset .. -- Delta-au, 14:42:15 12/17/09 Thu
the USD is the only fiat that has sooo much in circulation ..
that, in times of turmoil ..
all the big players can "hide-out" in it ..
its as simple as that ..
i mean, where else you goanna look?
Yen? .. nahh ..
Euro? .. lol ..
Yuan = """pseudollar"" until it decouples .. years away .. wot else is there?
Only one shows the SWISSIE. (see above link). This currency is only item in the ~Matrix~ that shows Negative Correlation. Interesting, no? that linear regression between SWISSIE/Gold
no hope... and no change -- skys39, 14:27:35 12/17/09 Thu
"I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank."
"The point is they all must devalue against bullion." -- Hambone, 14:06:52 -- Kip, 14:27:09 12/17/09 Thu
that has been an on-going happening....... & in earnest the past decade..
Maj. Major Major Major: Is something wrong?
Tappman: No, no. I . . . just thought I saw something.
Maj. Major Major Major: A naked man in a tree?
Tappman: Yes, that's it.
Danby: [looking through binoculars] That's just you sorry'uns.
Sherlock -- Hambone, 14:25:04 12/17/09 Thu
You're probably right, but I'm playing everything very, very close to the vest here, contenting myself with small profits against what could be large losses.
But if it dips again today, I'll probably buy back in.
Hambone -- Mikikis, 14:21:17 12/17/09 Thu
Your guess is as good as any here as to what the hell is happening. Turning off the computer here to watch a bit of Spongebob with my kid (surprisingly fun to watch....never knew...should have picked up on Philbond watching it with his kid a few months back).....BBL.
Hambone - they must all devalue -- Mikikis, 14:12:56 12/17/09 Thu
This chart shows what exactly? (I see massive devaluation in all currencies against gold)
Overheard somewhere in cyberspace -- Mikikis, 14:09:06 12/17/09 Thu
Mahendra: "See, I told you.....yes....yes, I know that you lost almost everything on my timing.....yes...I'm sorry about that....look at the USD fly....."
gold lotto .. get yer tickets over here .. -- Delta-au, 14:05:56 12/17/09 Thu
gold just meandering along until the next bout of falling currency lotto ..
if you dooone like the action ..
"wait 5 more minutes" ..
or ..
get out of the kitchen
Romanov -- Mikikis (), 14:04:23 12/17/09 Thu
No big buyers here? Would expect a good fight at this level. Would be on the Globex I guess....
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Hambone -- Mikikis, 14:02:57 12/17/09 Thu
To be fair, gold is trading at $1100. Where was it a year ago? Where was the USD?
Hate to quote RIP...but he did say quite a few times.....WHAT will the USD devalue against? Looking at the components of USD index, the choices kind of suck....
credit where it is due .. -- Delta-au, 14:01:36 12/17/09 Thu
trouble is .. privately like, no-one wants credit ..
the public purse is stuffing it in the bag, tho' ..
- -- faloffal, 13:59:26 12/17/09 Thu
oh mother of krishna!
the gold is cheap now little indira. i buy gold with computer bonus cheque, you will see. Lots of money still for baby #3