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I'M BACK... AGAIN. LOOK FOR UPDATES
~HDA.v~ L2 sooooo thin. Only 60,000 total shares on the ask all the way to $2.35!!!
Must Watch for all Mike Maloney On Gold, Silver & Economics
NBRI has Silver!..And Gold and REE's..You name it and we own a claim on it..
Special GGR Excerpt – Silver COT Most Bullish in Eight Years
* Wednesday, October 19, 2011
HOUSTON – In a moment we share an excerpt of the full Got Gold Report which was delivered to subscribers Sunday evening, October 16, and posted on the password protected subscriber pages by the intrepid staff of GGR, but first a brief comment.
With the markets still kind of going through a giant sausage grinder; with a premium on uncertainty and a discount currently for confidence; with Greek people chunking rocks and Molotov cocktails at police in Athens – because they are “shocked, shocked” that their government can’t continue to cook the books and get away with it.
Greek pols have been coddling Greek voters with an Aegean Sea of borrowed Euros. Instead of being “real” with the people, they have been “real sweet” to them for a very long time. Naturally the Greek people now want and demand to be kept in the “style to which they have become accustomed.” Thus, a hissy-fit eruption in the land of Vesuvius - even though the government is broke and likely broken by their own hand. (Not unlike people everywhere that get sucked into the socialist model government dependency trap.)
We hear of plans to expand the EFSF, and if the talk proves to be true, we are indeed talking about a new form of Q.E., another major expansion of liquidity, further debasement of fiat currencies and a guaranteed continuation of uncertainty for the foreseeable future.
Confidence in Currencies or Metal?
Very short term who knows what to expect from gold or silver as liquidity rushes to and fro in thin and thinning, very choppy markets. But longer term, and looking ahead into the coming U.S. election year it seems to us that the fundamental factors which have underpinned the precious metals markets are likely to remain as robustly bullish as they will be dangerous for anyone trading using leverage. As we have said so many times over the years, we shall remain bullish on gold and silver so long as these conditions prevail and until we see increasing confidence in fiat currencies generally (not just short-term capital flight into them) and a lessening of disdain for the governments that print them.
If one believes that confidence in fiat currencies and in governments is or will be ascendant from now on, then the time to be involved with precious metals has passed and it is time to convert precious metals into the paper mediums of exchange or buy “stuff” with them.
We don’t believe that right now, how about you?
Meanwhile, we remain in a nasty negative liquidity event where it is very difficult for any of our chosen mining or exploration companies to sustain advances and the Vulture Bargain battlefield is a very target rich environment. Difficult except for when our issues see takeover bids, such as our Vulture Bargain #9, Trade Winds Ventures recently did (thank you very much Ian, at Trade Winds!) or like our Vulture Bargain #2, Hathor Exploration, just announced this morning – a higher bid than the Cameco offer by none other than Rio Tinto (Thank you very much Tony, at Hathor!). By the way, Vultures (Got Gold Report Subscribers) please see the related note on Hathor in the VultureInReview section and our disclosure note at the bottom of it. We are out on the pop with all of our Trophy Shares.)
We won’t go on and on about the news today. Just remember that the markets are not really pricing in today’s news. The markets are trying every moment of every day to discount the news we will be reading three, six and nine months hence. At times it is easy to forget that or to become morose and disenchanted by the news of the day, but that’s why the majority of our time is spent tracking technical charts and consuming the data behind them rather than glued to a TV screen watching cable TV. Emphasis on the word “majority” in that last sentence as we admit to being CNBC and Bloomberg junkies too more than we’d like these days.
Metals Also Uncertain Short Term
Just below is an excerpt from Sunday’s full Got Gold Report, the section that looks at the legacy commitments of traders report for silver as we hinted at earlier in the week. Since Sunday neither gold nor silver, which are consolidating after harsh corrections, have shown their hand definitively. Gold is currently, near the close on Wednesday, October 19, 2011, grinding through the $1,640s and silver is drifting lower in the $31 arena. Yesterday, as we reported here, the silver ETF gapped lower but recovered all the gap, which is anything but bearish. Today, however, silver shows us “bupkiss” and is a limp-wristed “sister kisser.”
We suspect that both will “show their hand” before long, if for no other reason than they don’t usually go sideways very much longer than they already have and trend-following traders cannot participate until there is a trend to follow. We are personally in a strange, but okay place with regard to silver. Our attitude is that if it were to break lower here and retest the panic lows of September (near $26) that would be great, because we would feel comfortable adding to our own physical position there or below there. On the other hand, if silver were to break out of its $32.50 resistance and keep on trucking higher, that would be great too, because we have some. We think that’s a good ‘place’ to be.
But if we didn’t own any silver at all, and knowing what we know and report just below, we’d just about have to be adding at least some physical silver on any significant to strong dips right here and right now – in tranches. The cheaper the better, of course.
Read On:
http://www.gotgoldreport.com/2011/10/special-ggr-excerpt-silver-cot-most-bullish-in-eight-years-.html
George.
Click on "In reply to", for Authors past commentaries.
~TIVU~ UP 90% IN LAST SEVERAL TRADING DAYS
I AM NOW A MODERATOR @ ~TIVU~...
COME CHECK IT OUT...
Up 90% in the last 3 trading days!!!
SILVER SPECIAL REPORT: Position Limit Scenarios -
By Bix Weir
The new Bank Participation Report for September has been posted and it looks like the top 3 or less US Banks that had offside silver short positions are closing in on being under the proposed position limit law just in the nick of time!
Here's the numbers
9/6/2011 = 23,859 net short
10/6/2011 = 14,388 net short.
http://www.cftc.gov/MarketReports/BankParticipationReports/index.htm
Basically, the top 3 or less banks were able to cover 9,471 short contracts by orchestrating the latest silver slam from $42/oz down near $28/oz. Many suspect the majority of this short position resides at JP Morgan. That may be but if this is split evenly between 3 banks they are now under 5,000 contracts each or quickly nearing the proposed position limit formula of around 4,500 contracts at the moment. The timing of this short position being congruent with the expected position limit proves beyond a doubt that the many delays in implementation of this rule were orchestrated to give the banksters time to cover.
Bravo criminals! BRAVO!
BUT WHAT NOW? The price suppression of silver must continue in order to sustain an un-backed fiat monetary system and with these 3 banks nearing their maximum threshold of short positions how will they stop the inevitable rise in silver prices? Are they going to orchestrate ANOTHER silver slam to coincide with the general market collapse? It's excellent cover if they want to and we all know they CAN using computer trading programs. Or they may even add another bank into the manipulation fold to spread out their short position further. In this scenario they will clearly be exposed by the Bank Participation Report as a big NUMBER 4 will show up on the report for US banks. Talk about a neon sign for the market to understand that these shorts are in distress!
I think it's a tossup but Bart Chilton may have given us a little hint in an email that he sent to one of my subscribers back in mid August...
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From: Chilton, Bart [mailto:BChilton@CFTC.gov]
Sent: Sunday, August 14, 2011 7:12 PM
To: Xxxx
Subject: Hi
Like you, I remain concerned about financial markets and how they have morphed. Massive passive traders (see my speeches if you'd like more on these) and the high frequency traders (those I call cheetahs, due to their speed) have at times moved markets in ways that I think nobody anticipated. Still, some disagree that they may have an impact. That is why, since 2008, I have supported the improvisation of mandatory position limits. They are the law of the land now and I am hopeful that my colleagues will agree that we need to implement them soon. In this regard, I am hopeful that we will approve such a position limit rule within the next 6-8 weeks. That doesn't mean it will actually be implemented as you and I would like (it may not be effective for another few months). However, the passage of a position limit rule is a key step to actually having such limits implemented soon...
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Wow. Did you catch it? He's saying that they may pass the position limits rule but then GIVE THE BANKSTERS ANOTHER "FEW MONTHS" TO RIG THE MARKETS!
First of all here's official announcement of the meeting to pass the final, final, final rule...again...
http://www.cftc.gov/PressRoom/PressReleases/pr6124-11
So how can this all play out? Here are 3 scenarios:
If they don't pass the rule on the 18th then we are right back to where we have been for the entire year. Continued manipulations into the foreseeable future.
If they pass the rule WITHOUT the few month implementation I would say "IT'S OFF TO THE RACES FOR SILVER!" The sky's the limit followed by a global meltdown of all monetary systems...the END GAME.
If they pass the rule WITH the few month implementation process then we would likely see JPM and friends bring silver back up to previous highs before another MAJOR SLAM before the rule is implemented.
If I were a betting man...I'd bet on scenario number 3. I think they will pass the rule and give the banksters a few months. During these few months the next financial crisis will hit allowing the banks to crash the gold and silver markets and cover even more of their short and then try to go long.
This also coincides with the introduction of the Volcker Rule which would shatter the banksters ability to keep the manipulation game going anyway. The FDIC and SEC just approved the Volcker Rule so it is READY for implementation but it will take some sort of banking crisis/fraud revelations to get it implemented. That will come shortly.
IMPORTANT: As I have been saying for years...THE ONLY WAY TO SURVIVE THE COMING CHAOS IS BY HOLDING PHYSICAL GOLD AND SILVER IN YOUR OWN POSSESSION!
Everything else is a "crap shoot" played out in a rigged casino.
The battles continue in the trenches and although the banking cabal has managed to skirt the laws and bend the rules for decades I BELIEVE their reign is almost over.
Not yet...but ALMOST!
May the Road you choose be the Right Road.
Bix Weir
End this system run by criminals! -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65676391
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68043700
SUGO NEWS ~ .0049
Date : 10/17/2011 @ 10:39AM
Source : PR Newswire
Sungro Minerals, Inc. Submits Notices of Intent for Exploration Permits
Sungro Minerals, Inc. (OTCQB: SUGO), an Exploration Stage Mining Company, announced today the filing of two Notices of Intent with the Bureau of Land Management to explore segments of both the Conglomerate Mesa and Santa Rosa sections of the 548 claims the Company has in Inyo County, California.
"Sungro is pleased to be able to make these filings as a first step of its overall exploration program of the project," stated Mr. Frederick Pucillo, CEO. "The result of these early exploration efforts will be more precise information leading to development of additional exploration targets, and ultimately, a full plan of development leading to production," he concluded.
About Sungro Minerals, Inc.
Sungro Minerals, Inc. is an early stage Mining and Exploration Company seeking to acquire, develop, and manage various mineral properties and resources. The company currently controls 548 un-patented lode mining claims in Inyo County, California.
Cautionary Note to U.S. Investors
This press release may use the terms "measured resources," "indicated resources," "inferred resources," and "historical resources" which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification system. The United States Securities and Exchange Commission (the "SEC") does not recognize these terms and the SEC guidelines (Industry Guide 7) provide that such terms shall not be included in a registrant's filings with the SEC (unless required to be disclosed by foreign or state law). The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. U.S. investors are cautioned not to assume that any part or all of a measured, indicated or inferred resource exists or is economically or legally mineable. U.S. investors are urged to consider closely the disclosure in our Form 10-K which may be secured from us, or from the SEC's website at http://www.sec.gov.
Forward-Looking Statements
This press release and any related calls or discussions may contain forward-looking statements. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of and demand for our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; recapitalization and balance sheet restructuring activities (including debt-for-equity exchanges, land transactions, capital raising and other activities); operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing of restructuring charges and the impact thereof; productivity, business process, rationalization, restructuring, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.
The words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential" and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our SEC filings and the following: the current global economic downturn and capital market weakness; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources and reserves; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; our ability to cure defaults under our current indebtedness; our substantial indebtedness and the impact such indebtedness may have on us; the possibility that our operating performance and operating prospects, and capital market conditions will limit our ability to timely meet our debt service obligations, comply with debt covenants, obtain necessary financing or refinancing or restructure indebtedness or our debt service obligations on acceptable terms or at all; potential dilution to our stockholders from our recapitalization and balance sheet restructuring activities; potential inability to continue to comply with government regulations; adoption of or changes in legislation or regulations adversely affecting our businesses; business opportunities that may be presented to or pursued by us; changes in the United States or other monetary or fiscal policies or regulations in response to the recent capital markets and economic crises; interruptions in our production capabilities due to unexpected equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, copper, diesel fuel, and electricity); changes in generally accepted accounting principles; geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues organically; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies and equipment raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.
Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.
Contact:
Sungro Minerals, Inc.Martin BolodianInvestor Relations Phone: (401) 648-0805 ext. 350Fax: (401) 648-0699www.sungrominerals.com
SOURCE Sungro Minerals, Inc.
GBGD .17 BGD .17 updated NI-43-101 format independent technical report prepared by Behre Dolbear International Limited has been completed for the Toukhmanuk and Getik properties in Armenia. At Toukhmanuk, a 2.6 million ounce gold and 17.8 million ounce silver resource at average grades of 2.1 g/t and 14.1 g/t, respectively, using a 0.6 g/t cut-off is reported for the already operating bulk open pit mine.
Stripping and mining activity at the deposit has steadily increased from summer to fall this year, with two stages of stripping completed in accordance with the open pit mine plan and mining of ore reaching 1,100 tons per day, adding to an existing ore stockpile that now exceeds 30,000 tons for milling during the winter. Mining is taking place pursuant to Global Gold's mining license and previously reported reserve determinations by the Armenian Government.
The report also includes information on the previously announced initial plant expansion which is progressing well. Two new mills are installed and in testing, along with further near-term improvements to boost plant capacity and recoveries. Two concentrate shipments of 60 tons each are proceeding to offtaker Industrial Minerals in October and further shipments will follow as milling ramps up throughout the winter.
~SOL.v~ ENERGIZER BUNNY KEEPS GOING~ UP 7% AGAIN!
SILVER. SIX CENTS knows this one well. SUGO:
Bot 5 Times [$0.00798]:
If there is another downturn for SUGO, many iHubbers will look for the pps that 'fits' & buy more including me. It is the only one I look at that way right now. Don't know where I'd sell on the way up or on the way down. It all depends on exactly what happens. Some good stock pickers [and the Dawggs] are following, hard.
SUGO is an Exploration Stage Company with Mineral rights in 'perpetuity' [if fees paid] on Conglomerate Mesa, Inyo County Ca.
Fully Reporting OTCQB:
------------------------------------------------------------------
Short History of Those rights, their transfer(s):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64769236
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Current pps $0.0041 to $0.0055 seems to be support for a number of steps upward to come. PPS hsas been taken down by short term convertible debentures: Not the optimal form of financing, it is and remains imperative that the Company maintain the claims to preserve what we believe to be a very valuable in ground asset. Since the announcement regarding the funding offered us by Quest, we have chosen to explore a number of other financing alternatives that we believe may better protect our shareholders' interests." He continued, "We are in late stage negotiations on several significant opportunities, and expect that we should know more in the near future."
It has failed every spike/pop in pps so far. The character of that may soon change.
Sugo received Letter Of Intent from Quest Financial for 1st needed money June 2011: $15 million. They've needed 10 million.
http://finance.yahoo.com/news/Sungro-Minerals-Receives-iw-1984088667.html?x=0&.v=1
Reference the financial Update: The single most imortant thing to know is that the 'land fees' are paid! / Sungro Minerals Completes Annual Bureau of Land Management and County Tax Payments; Updates Shareholders
http://ih.advfn.com/p.php?pid=nmona&article=49175875
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SUGO MINERAL VALUE = $35.14 BILLION as of 3/2/2011
4,800,000,000 pounds of lead priced at $1.167 per pound RESERVE EST. $5.6016 BILLION
2,000,000 ounces of gold priced at $1433 per ounce RESERVE EST. $2.866 BILLION
250,000,000 ounces of silver priced at $33.19 per ounce RESERVE EST. $8.67375 BILLION
Zinc Reserve Estimated at RESERVE EST. - $18 BILLION
From 86 page PDF: NI 43-101 Report Feb 10, 2011. Takes more than a minute to load.
http://www.sungrominerals.com/images/report.pdf
Updates on iHub Stock Quote Page News:
http://ih.advfn.com/p.php?pid=squote&symbol=SUGO
I am an assistant Mod.
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Shares Outstanding 104,499,857 a/o Jul 14, 2011
Float 42,000,000 a/o Jul 14, 2011
Authorized Shares 375,000,000 a/o Jul 14, 2011
http://www.otcmarkets.com/stock/SUGO/company-info
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FAQs:
http://www.sungrominerals.com/FAQ.php
SunGro Minerals home: http://www.sungrominerals.com/index.php
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iHub: http://ih.advfn.com/p.php?pid=squote&symbol=SUGO
Personmarked-#46... if you so incline
#136, I personmarked you... if you so incline
An Indepth Review of GOLD By The Canadian Technician
* Sunday, October 16, 2011
GOLD, It's making us work hard !
Well, below are all of the signals I see in GLD. It really needs to get some upside volume going right away if higher highs are coming.
This is the Weekly:
Here is GLD. A few things to compare. Notice the volume difference this week between GLD and $GOLD. Very different meanings. I like the ETF volume as it is an easily traded ETF rather than at the CME.
I find the spike down on the $GOLD chart to be ominous. This takes the difference in the price from the close of one week to the close of the current week and multiplies it by the volume traded. I have set the indicator to a 3 week average so it is very responsive. On The $GOLD chart, that ominous spike on the left side of the chart was way out of scale compared to previous moves.It marked the start of a significant pullback which ended up being 34% off the previous high.
Here is the daily $GOLD
On the weekly chart, it looked like things were not well, but not all weeks are easy to read. This $GOLD daily chart, has enough illnesses to make one call a doctor. The long term ROC line in green is below zero, that's not good. The fact that the force index has not recorded a surge higher in 3 weeks while gold has been trying to make higher highs is very discomforting. The MACD has not lost this much momentum since the fall of 2008. The current price pattern has higher intraday volatility as well as lots of sloppy price action. Notice how the bars overlap a lot now coming off the recent low. In July, they accelerated higher and the volume climbed every day. Now we are seeing the opposite behaviour. (Canadian spelling of behaviour). I find this sinking volume very concerning especially while the market is trying to rally.
The fact that the RSI has made 2 lower lows leads me to believe this is more of an intermediate top than just a pullback. The anemic slope of the RSI compared to the July RSI is also confirming the lack of firepower in $GOLD. The purple SPURS area chart at the top of the chart shows continuing loss of relative strength compared to the SP500. If a stock, commodity or ETF is underperforming the SP500, it is hard to attract capital from funds that are constantly trying to outperform the SP500.
Let's check GLD.
On this chart, I notice a few things are in trouble much like the $GOLD chart. The ROC long term has gone negative and an upward thrust is very difficult while the rate of change is negative. The longest period gives you the primary direction for this time frame. The double force smackdowns show aggressive signs of selling. Compare that to the July lows, when the price dipped below the 50 day. The MACD held up at the zero line. The volume, while higher on the last 2 up days, has been less than half of the 50 EMA. Look what the volume did in July when the price pulled back below the 50 DMA. The start of the bear market signal on the RSI does not bode well. I would expect an upside move to be limited to 65 or lower. If you look at an intraday chart of GLD, almost all of the gains have been in premarket, not during the regular trading hours. Where are the buyers? On Holidays?
What would it take to get going positive? We need volume of 30 Million a day on up days regularly like we saw in July. We would like to see the market take the price higher when the GLD is open for trading during the day. We want to see the 44 Period ROC get into positive territory again. We want to see GLD start to outperform against the SP500 which is the purple SPURS on the top of the chart. We want to see aggressive slope on the RSI, and the force indicator start showing some upside surges. We need to see the RSI make it into overbought territory to cancel the bear market signal of September.
Lets check the intraday of GLD (can't check $GOLD intraday).
Well, what's your take on the intraday. Mine is still bearish. The RSI can't make it into overbought even though the overall market is surging ahead. The Intraday SPURS confirms the price weakness hour by hour. The fact that no volume showed up as the price moved past $161 and $162 is ominous. The MACD barely in positive territory and flat at best is very weak. While the ROC indicators are above zero, they have been for at least a week, and are making no price progress to speak of. While the price is trading in the uptrend channel, it is trading in the lower half of the channel. The Bollinger Bands have pinched in to the tightest range on the chart. It is going to break soon. Upside or downside. Currently the probabilities are weighted to the downside on every chart.
If we wanted to do further review, we could compare the GDX:GLD ratio.
I included this chart, which has some bullish reasons to be long Gold here. Matthew Frailey who has a chartlist on the Public Chartlist, introduced me to some of these settings.
1) The Bullish percent has turned up and is above the 3 EMA.
2) The GDX:GLD ratio is currently improving (very short term, last upsloping purple line) which means investors are starting to move into Gold miners again. This is usually positive. However, the longer term trendline in green shows this weakening through the recent top in $GOLD. When investors are not buying the stocks of the miners but $GOLD is still going higher, it is time to look for the exit. We need to see this ratio get back above the green line and break the downtrend.
3) The 11 and 22 day EMA's are getting ready to cross to the upside. That's a good thing!
4) The underperformance of the GLD compared the SP500 was throughly discussed above. If that trend starts to change, we can probably get back onto the $GOLD train. It will have to start on the 60 minute, then the daily to get moving upside.
Well, that is a very long post, but a trade most of the world is watching. Every hour adds another data point. We could start intermarket analysis and go into the $USD...
I strongly recommend looking through the Public Chartlist from the links section of the homepage of Stockcharts.com. There are some brilliant chartists there complete with great education.
Click on the pictures for a current chart you can work with that is also larger. If you are in The Canadian Technician blog site, you can click on subscribe to get this message posted to your inbox, or use the RSS feed. You can also find it on stockcharts.com Facebook page. Click below to go to the correct page.
The Canadian Technician
Good Trading,
http://blogs.stockcharts.com/
George.
The pump is on @ ~TIVU~
The 5000 room PR or the new contract PR could send TIVU over a .01 or more easily! No joke.
New ETNs Add Juice (300%) To Leverage Gold & Silver
By Murray Coleman
VelocityShares is set Monday to launch a set of exchange-traded notes that will give experienced commodities traders new tools to leverage positions.
The new ETNs will provide 300% exposure to S&P benchmarks tracking gold and silver. Versions will be offered for “3x” leveraged plays and “3x” inverse bets on both precious metals.
Levered ETF and ETN instruments already on the market include:
The ProShares UltraShort Silver ETF (ZSL), which seeks 200% inverse exposure.
The PowerShares DB Gold Short ETN (DGZ), a straight bet against the yellow metal’s rise.
The ProShares UltraShort Gold ETF (GLL), a 200% inverse fund.
The ProShares Ultra Silver (AGQ), which seeks 200% exposure to spot prices.
Also, VelocityShares plans to bring to market Monday a pair of 200% levered ETNs focused on platinum futures. Two others will do much the same with palladium, offering “2x” leveraged long, and conversely, “2x” inverse plays.
ETNs trade like ETFs but are actually debt securities. The eight new VelocityShares are designed to give institutional investors and hedge funds their first chance to trade products that offer triple returns on gold. They are also believed to be the first leveraged notes in the market tied to platinum and palladium.
VelocityShares’ triple-leveraged gold and silver ETNs will trade under the tickers “UGLD” and “USLV.”
The triple-inverse gold and silver ETNs will trade under “DGLD” and “DSLV.”
The double-leveraged platinum and palladium ETNs will trade under “LPLT” and “LPAL.”
Their inverse products will trade under “IPLT” and “IPAL.”
VelocityShares is best known for its six ETNs tied to the Chicago Board Options Exchange Volatility Index, or VIX. The most active of the volatility products is the Daily Inverse VIX Short Term ETN (XIV). Another of its more popular funds is the VelocityShares Daily 2x VIX ETN (TVIX).
~HDA.v~HUSIF~ CHEAP @ $1USD~ Thin L2~
See DD sticky
Only 95,000 shares on the Ask to $2.00!!!
that would be sweet my friend
Talk Radio... they're listening...
http://www.infowars.com/fbi-records-talk-radio/
AUMN
El Quevar is a very special place....
Incredible interception......
QVD-276 16m 1760g/t
http://finance.yahoo.com/news/Golden-Minerals-Provides-iw-899041355.html?x=0
~TRAB~ MOVING ON NEWS...
LOOKS LIKE IT COULD SEE .10 CENTS SOON.
I HAVENT READ 10Q BUT THEY APPEAR UNDERVALUED AT FIRST GLANCE
http://ih.advfn.com/p.php?pid=squote&symbol=trab
they don't give official reasons... either of them.. what they tell you is their risk assessment people deem it too risky and shut it down.
Wow, that's weird. Did you call anybody? I'd be interested to hear what the "official" reason is.
If we knew the "official" reason, maybe we could figure out the actual reason.
I've seen that done with TDA to "questionable" securities, and I've seen it done for companies rolling out a new offering.
no they will not let you buy it only sell it. Its happening to me in my Scottrader and TD accounts.. one by one I am getting shut out of stocks they let me buy.
its totally nuts. I have been playing SDRG for over 5 years.
real
Interesting frankie. Did it stop trading altogether or can you still place a buy order through the broker?
I've seen that before, where they stop on line trading for questionable securities but you can still place a free broker assisted purchase.
It only effects purchases. In that scenario, you can still sell by yourself anytime, but any purchases still have to be broker assisted.
SAC.v~SOHAF~ GREAT BUY AT $1.57 CAD
Arian Silver~ AGQ.v ~ UP 7%
100,000 shares to .41 CAD
well TD ameritrade just shut down SDRG after I bought some more in the last two weeks.
Rep. Strategist says Ron Paul could win...
http://www.infowars.com/gop-strategist-ron-paul-could-win-republican-nomination/
Sure enough xjag. I think that's the way it is for everybody at first.
Thanks for such solid information. I can see this board is turning out to be one of my favorites and one I'll check in with several times daily.
I always felt left out of the Canadian market, but never had enough gumption to follow through and figure out how to trade north of the border.
Most of the TSX miners can also be traded in the US with no problem by using the "f" designated "foreign" tickers. Most of them have such a designation. You can use your regular broker the way you normally do. TD Ameritrade charges no additional fees regardless of order size.
Huldra for example is traded in Canada as HDA but you can trade it in the US as HUSIF
HUSIF Huldra Silver (.95) British Columbia based early stage silver producer with by product credits in lead and zinc.
Website: http://www.huldrasilver.com/
TSX Quote HDA http://tmx.quotemedia.com/quote.php?qm_symbol=HDA
Pinksheets: http://www.otcmarkets.com/stock/HUSIF/quote
IHUB: http://investorshub.advfn.com/boards/board.aspx?board_id=19452
The key is the "F" at the end of the ticker. Volume generally trades thinner on the US side. There usually are no market makers so you may have to "fish" around for the price it will buy or sell at but you can find it.
Start within 1/2 cent up or down of the last sale price and you can usually find the sale point.
Here's a couple other examples:
US Silver trades USA in Canada, USSIF in the US
CMC Metals trades CMB in Canada, CMCXF in the US.
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Thanks for your prompt and informative reply. I've noticed over the past year or so some really attractive junior miners trading on Canadian exchanges. Your post just jabbed me hard enough to make some preliminary inquiries.
Have you noticed DGRI lately? They have leased the old Minnie Moore mine in Idaho and have found a rich vein of galena very, very high in silver. It looks DGRI days in the desert may be ending. I've been long in this company for about a year. It's well worth some research.
It is no problem at all to buy Canadian stocks using your existing broker. These stocks all have a corresponding Pink Sheet( or called Contract For Difference) that Americans(USD holders) can use to buy these companies. In the I-box above you will see the appropriate Pink sheet symbol located next to each stock.
Usually if you just type the name of the company in say, scottrade or etrade, the pink sheet will automatically come up.
These stocks are by no means the only stocks I would recommend but are some safe ones with great upside potential, I will be adding many more to come.
Very enticing DD. Now for a newbie type question. I've never had occasion to trade on a Canadian exchange and don't feel like mucking around with one of my brokers to ask about fees or procedures. Can you give me some general idea of what it takes to buy a few blocks of shares. I understand there are usually hassle fees charged for odd lot sized, so I'm thinking in old fashioned 100 share blocks. Thanks for your indulgence.
BTW, this is my first evening on the board, great job. I'll be a regular.
I wouldn't own SLV on a bet!
Thanks - I've started looking at all three already.
APMEX.com is decent.
Craigslist is always an option as well as Ebay.
Perhaps take a look at Great Panther Mining, SIX CENTS. They sell one ounce rounds plus 5 and 10 ounce bars.
http://store.greatpanther.com/
Anyone have any suggestions besides Kitco for buying silver in 1 oz. bars or coins? Kitco won't ship these items to the U.S. due to limited supply.
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