Loading ...Discussed the issue of CDE doing a float, last time, a few weeks ago on a different board, and sure enough they did. If I’m right, from here on up you will have big money behind your back. Should become obvious over the next week to 10 days in the call options, if so. I was mulling over the CDE calls, today………….will probably stick my pinky toe in tomorrow…………………..but that is not real potenial mountaingoat for calls in the silver arena, IMO………….
Funny, I bought some CDE calls myself a few weeks ago. Why? I like the thought of losing the rest of my hair.
Grandpa
Sorry, I have no news on MUN.To. Let’s hope it’s a winner.
Grandpa
Thanks for everyone who chimed in. Here’s the list, in no particular order:
MFN
Yukon- Nevada
Silverstone Resources (V.SST)
ipt.v, exn.to, fr.to, gpr.to, usa.v, mai.to, mto.v, spm.to, wgi.to
Queenston Mining (QMI)
Srlm
SVM.TO
Please add to this list, if you like.
Grandpa
didn’t anyone ever tell you, “don’t add to a loser.” oil, on its way to $200./bbl will go under $50. i wouldn’t want to take advantage.<G>
rno
Jesse poking a bit of fun tonight ….
“TAKE IT ALL BACK! LET’S EXTEND THE BAILOUT TO EVERYONE! THE U.S. (that’s US) DESERVES A ‘FRESH START.’
And let’s not limit it to houses and consumer durables, which are only a percentage of our GDP. What about the service sector? We’re a service economy now. What about the man who spends a CONSIDERABLE amount of time and expense and personal energy trying to score with some likely hottie, only to STRIKE OUT! Should he be punished for falling victim to the earthquake of reality? And what about a woman who marries a prince charming, but who turns out to be a shiftless dud? You still have the original marriage certificate? He may have to take a ‘haircut’ which he probably needs anyway, but why should you have to live with your clouded judgement? Ever gotten stuck with some sour milk, bad dope, a lousy movie that had a good rating? Oh, you didn’t realize that the upright conservative you voted for was going to squander your Social Security on crony capitalism? And dare we mention the faux pas of the century…… the Iraq War?”
Makes me kind of sick to know AEM is up 500% — that would have been the easiest ride over the last 4 years. AUY and TRE — even more bananas. Gold up 200% is very respectable and HUI up about 150% over that period of time. !!Pathetic!!
I have a closed in IRA I rolled over to ameritrade almost 4 years to the date. No adds, or take outs - so it’s easy to calculate the performance. Never own any AEM, AUY or TRE in it. For that manner none of the other high flyers either like GOLD or SA. I like to do some trading in that account — no ST cap gains tax. As a whole, I matched AEM’s gains during the last 4 years in there. lost some big ones too like 25% of PF last year on Wits - would be up 650% if I would of bothered getting off that rocket. I used to own a ton of AEM back in 2002 all they way through end of 2004 in another account. I finally got sick of holding it (nearly 3 years!!) and pitched it all in the low teens. Did Ment, tell you trading is a zero sum game yet? Maybe…but it’s fun as hell too sometimes if you get lucky.
If anyone has any great trading opportunities that don’t require moving, you can email me - find address on the right sidebar. Am not a professional trader and haven’t tried futures but would like to try on someone else’s dime. I can provide broker statements to confirm all of the above….plus I’m positive it’s a lot more fun then current job. 
Part-7: Crossroads - The PM Stock Blues - Goldrunner
http://www.gold-eagle.com/editorials_08/goldrunner031208.html
Another very early wake up, and a wake up to the strange. The dollar was back in the tank, oil was holding its lofty heights, yet gold was down $5. What the heck, I thought! It turns out gold was sent lower (as happens SO often) at 3 AM Eastern time when The Gold Cartel traders showed up for work in London.
However, the cabal’s ploy to discourage gold bulls (investors) failed. As the dollar fell further during the Comex trading hours, making new all-time lows, gold and silver recovered and began to take off … for the RIGHT REASONS.
Nonetheless, the footprints of the foes of free US financial markets were more than visible. From Dave in Denver later this morning…
dude, there is a very aggressive and determined effort going on right now to keep gold below 1000 and silver below 20. in 4 years of almost daily trading of silver futures, I’ve have not ever seen paper thrown into the electronic markets the way it’s been thrown in today and yesterday… unfortunately the technicals are set up for them create stop-run cliff dives right now - they are constantly whacking bids below the market that trigger black box selling - it’s friggin unreal. it will ultimately fail. the silver trading guru in my chat room just mentioned today that when gold gets over 1000, it will really take off - I have not seen anyone who is technically skilled as she at reading the metals markets….fwiw
It could be not be clearer … The Gold Cartel and allies continue to do all they can to keep gold below $985 and silver below $20. THEY WILL FAIL!
The gold open interest fell 2256 contracts to 482,035. The silver open interest fell another 1322 contracts to 162,481 and another low for the year, which is fascinating. Without a doubt, the Commercial Signal Failure in silver is ongoing. Those commercials outside of the Gold Cartel/silver price manager camp are taking the opportunity to cover shorts on any and all dips.
This is why the silver plunges do not hold, with continued downside follow through. Just the opposite, silver turns right around after bear raids … such as we saw today.
Again, the reason is simple. When the specs come back in on the buy side, they are not countering the same kind of selling resistance as was ALWAYS the case in months and years gone by. Instead of selling, a number of the commercials are competing with the specs on the buy side. SILVER REMAINS explosive.
If, and when, some of the staunchest and concentrated commercial shorts “Cry Uncle,” we will get our $2/$3 up day.
The silver action was superb all day long, despite its inability to get back above $20. Meanwhile, The Gold Cartel is doing all it can to make sure it fulfills its latest mandate to prevent gold from closing above $985. As soon as gold rallied back and came close to that mark, the cabal henchmen flexed their muscles again, despite the dollar making new lows and oil rising to a whiff from a whopping $1.10 per barrel.
The dollar put in a key reversal to the upside yesterday, one which was completely negated by today’s flop…
futures.tradingcharts.com/chart/US/38
*Key reversals often mean little when a market is FORCED to go in a certain direction.
Thus, the dollar fainted again, closing at 72.34, down a hefty .83.
The euro soared to an all-time high of 155.33, up a stunning 1.93. The dollar was weak against most currencies.
Crude oil leaped to close up another $1.17 to $109.92 (But, there is no inflation), despite bearish oil inventory numbers.
I heard on CNBC this morning that the oil open interest has gone up 9% into all-time high ground since the beginning of the year. Contrast that surge to gold and silver, whose open interests have shrunk significantly, and are around 20% off their highs. While it is generally acknowledged the specs are a significant reason the price of oil has gone bonkers, the primary source of gold and silver strength this year has been shortcovering by commercials … as the price rigging schemes gradually grind to a halt, due to lack of physical supply.
This bodes extremely well for the prices of gold and silver in the months ahead, WHEN the usual specs and new institutional buyers pour in on the long side. YES!!!
We are only a little more than a month away from GATA’s conference outside of Washington. Since my last report we have another registration from India, two from Australia, and a couple from Chile … and those are only the ones from other countries which I am aware of.
Our full page, color Wall Street Journal ad on January 31 was a prelude to our conference. While the media and gold pundits went silent re the ad, there is NO DOUBT that it will become a classic one day … representing what went wrong with the US financial market media AND general analysis of our markets. I urge you to take two minutes and reread what GATA said 6 weeks ago in our ad (whose basic content was written over two months ago). If I may, relate it to the general state of financial market affairs and increasing commentary of the day … which has surfaced since then.
It can be found here at The Matisse Table:
www.lemetropolecafe.com/matisse_table.cfm?pid=6614
If you are a new Café member, I also urge you to review the 24 minute highlight film of our Gold Rush 21 conference on August 7-9 in Dawson City back in 2005 … when gold was $436. Obviously, gold has more than doubled since then. The speakers at that conference said what gold WOULD do in the future and WHY. Talk of $1,000 gold back then in the mainstream gold world and on Planet Wall Street was almost unheard of. The feedback to me from various attendees that the information conveyed at the conference, resulting in further conviction in the coming gold and silver price moves, was a major factor why they made fortunes (cleaned up) on the ensuing mega moves.
There is NO DOUBT in my mind that gold and silver will double in price again in the next 2 ½ years, following our Washington conference. There is no better way to build investment conviction than by immersing yourself for a couple of days with the GATA GANG, and friends. That might sound a bit simplistic, but veteran gold/silver investors know how important conviction is during some of the lonely times … following raids by The Gold Cartel.
You won’t regret attending … for details go to www.GATA.org.
Besides, GATA is the real gold advocate organization in the world. It certainly is not the World anti-gold Council, the most inept, disingenuous organization in HISTORY.
For example, here is the latest on the proposed IMF gold sales, which The Gold Cartel floated to stop gold from pushing through $1,000:
IMF gold sales won’t be additional-Lipsky
WASHINGTON, March 11 (Reuters) - Any sales of the International Monetary Fund’s gold to boost the global lender’s declining income will be conducted within existing central bank agreements, a senior IMF official said on Tuesday.
“We have an agreement in principle that any IMF gold sales would fit within pre-existing central bank umbrella,” the IMF’s No. 2 official, John Lipsky, told Reuters in an interview. “The modalities have not been agreed upon.”
Currently, a European Central Bank agreement limits banks’ gold sales to no more than 500 tonnes a year.
A panel led by Andrew Crockett, president of JP Morgan Chase, has recommended that proceeds from the gold sales be invested in an income-generating endowment to increase the IMF’s income, which faces a shortfall of about $400 million by fiscal 2010.
The panel recommended the sale of 12.9 million ounces, or 400 tonnes, of the IMF’s 103.4 million ounces of gold. The sale of a limited portion of the gold has been backed by the United States, the IMF’s largest and most influential shareholder.
Lipsky also said he was hopeful of agreement among the IMF’s 185 member countries of a new voting formula, discussed at the fund’s board on Tuesday, which would give emerging economic powers a greater say in the IMF.
“We’re very optimistic of a real chance for agreement in time for the spring meetings and very hopeful that will occur,” Lipsky added…
-END-
Which means the initial release, and resulting flap over the IMF dumping all its gold, was a deliberate, floated FRAUD. Instead, the IMF news turns out to be a near term non-event, and a medium term non-event, as this gold will be needed, if the sale is even approved, to replace gold that other central banks no longer want to sell.
Was the WGC all over this, raising a big stink once the original news hit the tape and sent gold tanking for the time being? Of course not … they were out promoting high fashion jewelry. They are more than a joke. They are a disgrace.
It is only appropriate then that the WGC appoint the CEO of the most anti-gold company in the world, Barrick Gold, as its new chairman … you know … the guy who goes around the world telling the press and institutional money managers that Barrick is not hedged. The man who is a flat out liar, as the lightweights out there never challenge him on Barrick’s 9.5 million ounces of hedged gold (put on not too much above a piddly $300 an ounce).
at Anaysis Paradise….but in the first one …..the first chart ( ABX to EGO) is 04 not Nov 00….perhaps you could editi that chart with the Nov 00 version…..thanks for the extremely educational work…best FGC
www.ynetnews.com/articles/0,7340,L-3518333,00.html
The United States is imposing financial sanctions on a Bahrain bank the United States says is controlled by Iran’s Bank Melli, which has been accused of helping Iran spread weapons of mass destruction.
Hits and Files look like they are in a BULL MARKET to me
Grin, nothing serious going on I hope. Best wishes and good thoughts for you my friend.
ipso
The teenage attackers’ stolen Subaru. Photo / Greg Bowker
A 44-year-old man robbed and bashed by four teenagers was so angry that he chased them in his car and rammed their getaway vehicle - twice.
Following reports of damage to the victim’s car, readers have flooded the Herald with offers of help. However, the man has refused donations, asking that any money goes to a police cause instead.
The East Auckland man, who was yesterday nursing bruised ribs and a sore head, had just come out of New World Botany on Tuesday night when the teenagers approached him.
“I was going to my car and these guys came over and said, ‘Give me your keys, give me your wallet’.”
The man - who did not want to be identified for fear of retribution - ignored them and got into his Toyota.
But the youths dragged him out and attacked him, hitting him about the head.
“I put my hands around my face and had the keys in one hand and he [the main attacker] was just bang, bang, banging a hell of a lot of times.”
It was only when a passing motorist - who police are now keen to find - yelled out that he was going to call the police that the youths hesitated.
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Their victim leaped from the car and fled.
“I ran about 20m and a second guy said to me, ‘Give us your keys and we’ll leave you alone’.
“The first guy who was banging me on the head was rummaging through my car to see if he could get any valuables.”
Taking their victim’s wallet and groceries, the teens fled in a stolen green Subaru.
The injured man returned to his own car but, fuelled by rage and the desire for the youths to be caught, he headed after them and smashed into their getaway vehicle.
“I didn’t want them to get away,” he said. “Once I hit the car, it stuttered a bit and then I drove away.”
The man headed for the nearest petrol station so he could ring the police, but came across the youths parked near another supermarket.
“They were parked up opposite Countdown, so I thought ‘right’ and then I just floored it and went in on the other side.”
The second impact left the car undriveable.
The youths ran off down a grass bank, and the man drove to a petrol station and called the police.
Yesterday, he said a “stubborn attitude in life” prevented him handing over the keys - although he didn’t expect to be attacked.
“I thought to myself after it, ‘You could have driven off for your own safety’, but then the police would never be able to find them.
The teenage attackers’ stolen Subaru. Photo / Greg Bowker
“And I wanted them caught.”
The man is now left facing a bill for repairs to his car - which the insurance company won’t cover - but he still feels he did the right thing.
“It’s just not my nature to let these bastards get away with it.
“Those sort of people would do it again and again and again. They are going to steal all the time and take people’s wallets. I think they have got to be stopped right now.”
Detective Sergeant Eddie Sutherland said all four teenagers were quickly caught with the help of the police dog unit.
Four 16-year-olds are facing charges.
Donations
The Herald has been flooded by calls and feedback from the public wanting to help the man pay for repairs to his car.
This morning he told the Herald he was grateful to everyone who had offered to help and he was hoping to take up an offer from a North Shore company.
He said anyone else wanting to make a donation could put it towards a “police cause”.
“Thankyou very much. If they (still) want to make a donation they can make it to some police cause or something like that. The main thing that I would really be happy about is just to have my car back in a good order because that would please me and my wife.”
The man said the police had arrived within about two minutes of being called and did a great job of catching all four youths after they ran off.
Along with thanking them he also wanted to thank the member of the public who shouted out that he was going to call the police while the teens were bashing him about the head.
“The person that drove past has helped me in a big way by letting me escape their stranglehold on me.”
