Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have been trading Sivr and Slv not sure if that is going to be the best thing than actual metal, but found out how they get their fee, they get out of your brokers account although it is not much.
we add get out if much debt as you can.
glenn is telling to buy gold for this collapse is coming,
we know it. so just knowing what to is a big help -
i'd say get some stakes in food supply -
I'd agree and don't trust any banksters -
Ex-banker says he's giving Wikileaks files on rich -
http://apnews1.iwon.com/article/20110117/D9KQ5JF00.html
I'd prefer gold and silver companies -
Silver Shortage This Decade, Silver Will Be Worth
More Than Gold? -
There are going to be some MAJOR changes that haven't been seen since the Great Depression.
There will also be some major opportunities for getting incredibly wealthy. Gold and Siler are goint to be great. click here for some great info come January.
bit.ly/giLqXp
Ponzi scheme - Fiat money - made out of nothing -
a gov't or gov't's way of saying everything is o.k. with our debt note.
but how good is our gov't word on money notes?
every bill is said a note to pay bearer.
Ponzi scheme - Fiat money - made out of nothing -
http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#
FED - Power Center - Created @ NWO -
Ron Paul: "It's criminal."
thank you lots for gold and silver as solid as they currencies are.
re;
Ponzi scheme - Fiat money - made out of nothing -
http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#
FED - Power Center - Created @ NWO -
same with smas & rcch ~ have em > may never move & then again may
Ponzi scheme - Fiat money - made out of nothing -
http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#
FED - Power Center - Created @ NWO -
The PM Real Money - Created by the Mother Load
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56345052
Gold & Silver have replaced every fiat currency for the past 3000 years -
http://www.kwaves.com/fiat.htm
http://www.canadiancontent.net/commtr/fiat-currency-fall-dollar_958.html
God Bless
it not to move is mgmt to be more transparent to shareholders.
still hold it ~ may move someday
this one still trades but has diluted a lot of share as of today.
hi Bob all this hard work here is in our ibox...wow how true what is there that is today's news items...
this a great forum reading.
You would think that this would move some day into the .00 @ least
GOLD Is Set To Double This Coming Fall -
Gold and the Dollar have maintained an inverse relationship
ever since this time.
One zigs, the other zags. One rallies, the other falls.
And starting in 2000, both entered long-term trends:
the dollar falling while gold rallied (see the below chart)..
ex..
For gold to hit a new all time high adjusted for inflation,
it would have to clear at least $2,193 per ounce.
If you go by 1970 dollars (when gold started its last
bull market) it'd have to hit $4,666 per ounce.
Bottomline: gold is nowhere near a peak adjusted for inflation.
And if history is any guide, we should begin another
MAJOR bull rally for gold sometime in the late summer/ early
autumn of this year.
You should consider taking advantage of this to load up now.
However, looking at the dollar vs. gold chart above,
it may already be happening.
Watch these two investments closely.
We may be on the verge of a truly seismic shift between
the gold and the dollar....
The lesson learned in the last 10 years is if you want
significant upside potential, it only comes with
significant downside potential.
So you have to understand that risk-reward balance.
At least with these companies, you have your 1,000% upside
balancing your 90% downside, as opposed to owning a bank
stock with 10% upside delivering you 90% downside.
TGR: This has been great. John, we appreciate your time.
--
The eventual unwinding of the gold carry trade, whether it be
from the IMF or just market fundamentals, will bring amazing
action to the gold market.
Remember that gold leasing didn’t begin until after
the precious metals run from 1979–1980.
For the bull market in gold to continue, it will need to
overcome the barriers set by central elitez bolshevikz
banksterz’ leasing of gold.
But when this does occur, the floodgates will open and we can
expect to see the price of our favorite yellow metal skyrocket.
Special Report: 5 entirely new ways to play the gold trend.
Including one hidden way to snap up gold for less than
one penny per ounce?…
ex..dd..Au hard assets..
http://www.conquestresources.net/
http://www.goldcorp.com/operations/red_lake_mine/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38271777
oh yes, maybe this one for leverage buy.
hwbi
lot in da ibox here.
http://investorshub.advfn.com/boards/board.aspx?board_id=4386
hi mick, good morning. how ya do'in? you enjoy to be a gold bug yet?
China central bank sees rebound in metals
new gold peak
Hedge Fund investors turn to gold
Emerging economies eye gold reserves
as dollar fears rise
Total gold demand up 84% in Q4 2008
Central banks net gold buyers in January
Extraordinary bullish outlook for gold - part I
Extraordinary bullish outlook for gold - part II
Gold is sneaking its way towards the $1000 barrier again
for the third time
which is prompting as usual the gold bears to come out
swinging declaring the end of the bull market for gold.
For newcomers to the gold market it's very confusing to hear
ultra bearish reports from one side calling gold prices
to crash, some even predicting gold to crash below the
$300 mark while from the other side they're hearing ultra
bullish reports calling for gold prices heading to $5000,
some even predicting gold prices to top $10.000
Well, that's quite a difference and sure enough some
analysts will be proven terribly wrong over
the next few years..ex..
10 Fundamental Reasons To Own Gold ex..
1. Gold remains ultimate form of payment
No counter party risk
2. Currency debasement
US Dollar losing status as world reserve currency -
3. Gold crawling back into the monetary system
4. Negative real rates -
5. Falling gold supply vs increased investment demand
6. Gold & Historic averages - gold should be trading above $2500 these days
7. DOW/GOLD ratio points to $5.000+ gold way before 2015
8. Gold & US public debt - gold prices required to counter balance all US public debt held in foreign hands exceed the $10.000 mark
9. Large short positions - half of all central bank's gold has been leased into the market. (about 15.000 tons).
Covering these short positions is not possible without catapulting gold prices to unimaginable highs
10. Gold acting as safe haven in times of rising geopolitical tensions
1,2 and 3 see HERE...
* Gold remains ultimate form of the only real money payment
* ex.. US debt levels unsustainable -
lavatoriezfiatz$dollar losing status world reserve currency
* ex.. Gold prices required to counter balance all US public debt
held in foreign hands exceed the $10.000 mark/oz
* ex.. China, Russia calling for new world reserve real currency
its only gold - the real money Standard since 1000s of years
6. Gold & Historic averages
Gold should be trading above $2500 these days in order to
clock new 'real' highs
When experts claim gold to be trading in record high territories
these days they always refer to gold's 1980 peak of $850.
Now comparing current gold prices of $950 with the old $850 high of 1980
doen't make much sense since even a chimpanzee can understand
that one single dollar represented more purchasing power
in 1980 than it does today.
So in order to calculate 'real' highs one has to adjust for inflation.
When we take the 'official' inflation statistics then we'll
see that the 1980 peak of $850 equals $2500+ today
When we take into account however the more realistic inflation
statistics published by John Williams at
http://www.shadowstats.com
then gold should clock $7000+ these days in order
to reach new 'real' highs
Sure enough one could argue that the official numbers
are calculated by our governmentz through honest and
correct methodologies but by conveniently taking out
those items causing the highest inflation numbers
(food and energy) since the early nineties you can fool
most of the people but not for an indefinite -
period of time.
Conquest Resources L (TSX:CQR)fiat(CAD)$0.155 UP $0.01 (+6.90%
Bid 0.13
Ask 0.155
Volume 87,993
Day's Range 0.125 - 0.155
Click for Detailed Quote Page
Last Trade:13:13:36 EDT Jun-1-09
Gold still very undervalued
has a ways to go before it is overbought
compared to all printing counte rfeitzing by fed of US$
the more printing of bucky the Higher Gold Price
MACD has just turned UP
alert that this rally still has bull legs to run
ex..dd....
http://www.conquestresources.net/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38271777
http://investorshub.advfn.com/boards/board.aspx?board_id=11788
God Bless
hi Bob, good morning. how ya do'in? gold bugs?
Goldcorp Declares Sixth Monthly Dividend Payment for 2009 -
http://finance.yahoo.com/news/Goldcorp-Declares-Sixth-iw-15399912.html
http://www.goldcorp.com/operations/red_lake_mine/
God Bless
Please join us in prayers for Mick and his family -
in their time of devastating loss the other day in
a bad car accident -
so please pray for them, and continue to pray -
Oh Holy Spirit Angel please be with this dear family -
always thy comfort is their strength in this tragic time -
sincere concern and prayers for the fine family -
prayers go to our Father God give them spirit -
with our deep sympathy and the blessing -
http://www.angelsonassignment.org/
which offers the Biblical and spiritual input -
Prayers for the Lord’s lovingly to all -
who love our Father God -
our heart aches with Mick -
to our Prayers lay things to rest -
in our Father God's hands - He can heal -
to give lastingly comfort -
the best virtual hugs we can send -
your son is still with us and will -
be with our Father looking down to us -
to pray to the Lord before we sleep -
our wishes may granted -
we often meet our dearest -
we know the next morning -
that it happened -
God Bless you and your family -
Amen
Bob, am i reading this right. russia hasn't open their exchanges because they got caught doing naked short?
china too with some middle east countries? chavez got caught too?
i think gold was up $49 ppo. hi Bob, today is only thursday. not T.G.I.F. yet.
Gold extends biggest bounce in 26 years -
* September 18, 2008 - 11:24AM -
* Page 1 of 2 -
the more volatility the better -
the higher it fly -
http://business.theage.com.au/business/gold-extends-biggest-bounce-in-26-years-20080918-4irz.html
NXG Gold Spot (FOREX:XAUUSDO) - live chart -
Gold climbed for a second day, extending its biggest jump in 26 years, as investors sought a haven from the credit crisis that's sent equity markets tumbling. Silver also rose.
About $US3.6 trillion of market value has been erased from global stocks this week, triggered by the bankruptcy by Lehman Brothers.
In March, gold reached a record as the US steered JPMorgan Chase to buy Bear Stearns. Investors often consider gold a store of value during times of financial uncertainty.
"It's pretty clearly a flight to safety,' said Toby Hassall, an analyst at Commodity Warrants Australia. Gold may reach $US900 an ounce by week's end, he said. "As long as sentiment continues to worsen, it's likely we'll see upward pressure on gold prices.'
Gold for immediate delivery rose 0.6% to $US868.65 an ounce in Sydney. The metal jumped 11% yesterday, its biggest gain since September 3, 1982. Silver rose 1.7% to $US12.16 an ounce.
Central banks in the Philippines and Venezuela yesterday said they may buy gold.
Gold for immediate delivery has added $US103.15 an ounce this week, while futures are up $US106.
"When you see financial contagion creeping through the system people are not confident and are going to gold,' said Jonathan Barratt, managing director of Commodity Broking Services in Sydney. "It's perceived to be safer.'
Gold futures for December delivery rose 2.3% to $US870.30 an ounce today in after-hours trading on the Comex Division of the New York Mercantile Exchange. Bullion futures gained 9% yesterday, the biggest gain in 9 years.
Financial 'catastrophe'
'When you're perhaps facing a catastrophe in the US financial market, investors are thinking: 'Screw it. I'm jumping back into the old faithful,' said Joel Crane, a metals strategist at Deutsche Bank. 'Gold's relative value is cheap compared with the dollar.'
About $US2.8 trillion of market value was erased from global stocks this week as Lehman Brothers filed for bankruptcy, Bank of America purchased Merrill Lynch for $US50 billion, and the US government took control of American International Group in an $US85 billion takeover to prevent the biggest financial collapse ever.
Russia halted stock trading for a second day and poured $US44 billion into its three biggest banks in a bid to halt the worst financial crisis in a decade.
'You're sorting out, by process of elimination, that gold is the asset you'd rather own,' said Greg Orrell, who manages the OCM Mutual Fund at Orrell Capital Management. 'It's the currency you'd prefer.'
http://business.theage.com.au/business/gold-extends-biggest-bounce-in-26-years-20080918-4irz.html
Gold Au mother - is the only money for me -
its LT 1000s of years - Money Safety -
imo. tia.
God Bless America
Gold extends biggest bounce in 26 years -
* September 18, 2008 - 11:24AM -
* Page 1 of 2 -
the more volatility the better -
the higher it fly -
http://business.theage.com.au/business/gold-extends-biggest-bounce-in-26-years-20080918-4irz.html
NXG Gold Spot (FOREX:XAUUSDO) - live chart -
Gold climbed for a second day, extending its biggest jump in 26 years, as investors sought a haven from the credit crisis that's sent equity markets tumbling. Silver also rose.
About $US3.6 trillion of market value has been erased from global stocks this week, triggered by the bankruptcy by Lehman Brothers.
In March, gold reached a record as the US steered JPMorgan Chase to buy Bear Stearns. Investors often consider gold a store of value during times of financial uncertainty.
"It's pretty clearly a flight to safety,' said Toby Hassall, an analyst at Commodity Warrants Australia. Gold may reach $US900 an ounce by week's end, he said. "As long as sentiment continues to worsen, it's likely we'll see upward pressure on gold prices.'
Gold for immediate delivery rose 0.6% to $US868.65 an ounce in Sydney. The metal jumped 11% yesterday, its biggest gain since September 3, 1982. Silver rose 1.7% to $US12.16 an ounce.
Central banks in the Philippines and Venezuela yesterday said they may buy gold.
Gold for immediate delivery has added $US103.15 an ounce this week, while futures are up $US106.
"When you see financial contagion creeping through the system people are not confident and are going to gold,' said Jonathan Barratt, managing director of Commodity Broking Services in Sydney. "It's perceived to be safer.'
Gold futures for December delivery rose 2.3% to $US870.30 an ounce today in after-hours trading on the Comex Division of the New York Mercantile Exchange. Bullion futures gained 9% yesterday, the biggest gain in 9 years.
Financial 'catastrophe'
'When you're perhaps facing a catastrophe in the US financial market, investors are thinking: 'Screw it. I'm jumping back into the old faithful,' said Joel Crane, a metals strategist at Deutsche Bank. 'Gold's relative value is cheap compared with the dollar.'
About $US2.8 trillion of market value was erased from global stocks this week as Lehman Brothers filed for bankruptcy, Bank of America purchased Merrill Lynch for $US50 billion, and the US government took control of American International Group in an $US85 billion takeover to prevent the biggest financial collapse ever.
Russia halted stock trading for a second day and poured $US44 billion into its three biggest banks in a bid to halt the worst financial crisis in a decade.
'You're sorting out, by process of elimination, that gold is the asset you'd rather own,' said Greg Orrell, who manages the OCM Mutual Fund at Orrell Capital Management. 'It's the currency you'd prefer.'
http://business.theage.com.au/business/gold-extends-biggest-bounce-in-26-years-20080918-4irz.html
Gold Au mother - is the only money for me -
its LT 1000s of years - Money Safety -
imo. tia.
God Bless America
true, gold is always a great commodity.
We are definitely witnessing a surge in demand for gold
in Dubai and physical shortages have been reported by
many dealers,” said Ian MacDonald,
the Dubai Multi Commodity Center’s executive director
for gold and precious metals.
“We are also seeing demand being driven by currency
concerns in the region as many investors perceive
the precious metal as one of the few strong currencies.”
Gold jewelry sales in Abu Dhabi soared 300 percent in
volume and almost 250 percent in value in August
from a year earlier after the metal dropped to
nine-month lows, the emirate’s industry group said
on Monday..
GOLD is the Au Mother - Safety for 1000s of years -
stronger than every anti-Christian & anti-American bolshevik 666 evilz on this earth -
dd....
http://www.goldcorp.com
imo. tia.
God Bless America
Saudi Arabia's new gold mine
Forget oil. Prospectors are looking to strike it rich off of gold - the shiny kind.
By Barney Gimbel, writer
Last Updated: August 17, 2008: 8:11 AM EDT
Fortune Magazine) -- A new generation of fortune hunters is seeking riches under the sands of Saudi Arabia.
But this time they're searching for gold - the shiny kind, not the black, liquid variety - and potentially even more lucrative metals and minerals. "Gold, copper, phosphate, bauxite - this place could be the next Canada or Australia," says Inés Scotland, CEO of Citadel Resource Group, an Australian company that is mining copper in the kingdom. "The geology here is fantastic."
Prospectors have been extracting gold in Arabia for more than 3,000 years - some say King Solomon's riches came from here - but the Saudi government only recently opened up the land for large-scale commercial exploration and production.
"Saudi Arabia is the size of a small continent," says Abdallah Dab-bagh, CEO of the state-run mining company, Ma'aden (whose name means "minerals" in Arabic). "But if you look at the amount of exploration drilling that has been done here from 1945 until today, it's the equivalent of what happens in Canada in one year."
When the company was founded in 1997, only one gold mine was in operation. A decade later Ma'aden - the government took half the company public in July to the tune of $2.5 billion - has five gold mines and two multibillion-dollar projects in the development and planning stages.
Ma'aden's $5.5 billion endeavor promises to make the kingdom the world's largest exporter of diammonium phosphate, a fertilizer. The company is also finalizing a $10.5 billion deal with Rio Tinto Alcan (RTP) to mine bauxite and build a refinery, smelter, and power station to become a major aluminum exporter.
Driving the government's mining push are job creation and diversifying an economy fueled overwhelmingly by petrodollars. Experts say bauxite and phosphate will generate huge new profits for the Saudis, and not just because their supplies of those minerals are prodigious. The country also has a special advantage.
"The value in those minerals isn't captured from digging it out of the ground," says Peter Searle, a geologist with consultancy CRU International. "It's captured by processing them."
And turning bauxite into aluminum, as it happens, requires an enormous amount of energy. That, as we all know, shouldn't be a problem for the Saudis.
First Published: August 12, 2008: 9:39 AM EDT
http://money.cnn.com/2008/08/11/news/international/saudi_gold_mining.fortune/index.htm
true, well said.
re;
POG ex..currency inflation the common source for the rise
in both the Dow and Gold during their respective up-cycles -
If currency inflation could take the Dow from 800 to 11,750 -
during its bull market, why couldn't it take gold -
from its $270 starting point to $4050?
If gold were to achieve a price of $4050, it will have
matched the roughly 1500% appreciation of the stock market
during its bull phase.
imo. tia.
Ex..dd..gold mining..jo-jo..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30304142
this company pps should even be higher.
RE:
GOLDCORP INC (NYSE: GG) NEW Real-time: 43.60 Up 1.98(4.76%) 10:01AM ET
http://finance.yahoo.com/q?s=gg
God Bless
did NEW trade dollar get an o.k. from fed reserves yet?????
new dollar to be back by gold?????
'ASK' , "i ask for GWB to ask for forgiveness our debts to our foreign nationalist greeds for wto and and our dollar INTEREST paid to them."
Caspermick
"TOUGH TIMES NEVER LAST BUT TOUGH PEOPLE DO."
God Bless America
In Gambling,,,Playing Card Games. Ya Never Know What The Next Hand Will Look Like.
Ten Bagger Potential Stock
Bob, gold is king over oil. no matter how high blackgold goes.
just compare amount of oil to gold in da ground or future gold diggers.
how much gold is burning in space with all to da moon shots?????
RE:
Gold Rallies to One-Month High in Asia as Crude Oil Increases
By Feiwen Rong
June 30 (Bloomberg) -- Gold gained to the highest in more than a month in Asia as rising crude oil prices and a weaker dollar boosted the appeal of the precious metal as a hedge against inflation.
Crude oil rose for a third day and traded above $141 a barrel in New York on speculation further weakness in the dollar will sustain investor demand for the commodity. Gold gained 2.8 percent last week while crude oil soared 4.2 percent. The dollar traded near a three-week low against the euro today.
Crude oil's rally ``could intensify global inflation fears which should boost precious metal investment demand,'' said Manqoba Madinane, analyst at Standard Bank in Johannesburg, said in a report today.
Bullion for immediate delivery added 0.7 percent to $934.01 an ounce at 4:21 p.m. in Singapore, after earlier reaching $934.93 an ounce, the highest since May 22. Silver added 1.9 percent to $17.8462 an ounce.
``Investors have been looking for a hedge against rising inflation, a weaker U.S. dollar and negative real interest rates after the Federal Reserve started cutting benchmark rates in mid- 2007,'' Tobias Merath, commodities analyst at Credit Suisse Group in Singapore, said in a report on June 27. ``Real assets such as commodities, and gold in particular, can provide such a hedge.''
The dollar also fell today to the lowest against the Japanese yen since June 9 before government data this week that may show U.S. employers cut jobs for a sixth consecutive month and U.S. manufacturing contracted at a faster pace this month.
Crude oil for August delivery advanced $2.20, or 1.6 percent, to $142.41 a barrel at 4:14 p.m. in Singapore. It rose to a record $142.99 on June 27.
Gold for August delivery added 0.4 percent to $934.90 an ounce in after-hours electronic trading on Comex at 4:14 p.m. Singapore time.
Gold for April 2009 delivery gained 10 yen, or 0.3 percent, to 3,183 yen a gram ($942 an ounce) on the Tokyo Commodity Exchange at 5:16 p.m. local time. Gold for December traded in Shanghai was up 1.3 percent at 205.27 yuan a gram ($933 an ounce).
--
Mother GOLD Second Bull Wave LT Trend Started - of the 5-wave Elliott pattern -
This Gold bull market rise is going to make the 1970s
spectacular rise look small in comparison.
It will take time, but it's powerful because it's more
of a global market today compared to the 1970s.
By Aden sisters.
God Bless America
Gold Rallies to One-Month High in Asia as Crude Oil Increases
By Feiwen Rong
June 30 (Bloomberg) -- Gold gained to the highest in more than a month in Asia as rising crude oil prices and a weaker dollar boosted the appeal of the precious metal as a hedge against inflation.
Crude oil rose for a third day and traded above $141 a barrel in New York on speculation further weakness in the dollar will sustain investor demand for the commodity. Gold gained 2.8 percent last week while crude oil soared 4.2 percent. The dollar traded near a three-week low against the euro today.
Crude oil's rally ``could intensify global inflation fears which should boost precious metal investment demand,'' said Manqoba Madinane, analyst at Standard Bank in Johannesburg, said in a report today.
Bullion for immediate delivery added 0.7 percent to $934.01 an ounce at 4:21 p.m. in Singapore, after earlier reaching $934.93 an ounce, the highest since May 22. Silver added 1.9 percent to $17.8462 an ounce.
``Investors have been looking for a hedge against rising inflation, a weaker U.S. dollar and negative real interest rates after the Federal Reserve started cutting benchmark rates in mid- 2007,'' Tobias Merath, commodities analyst at Credit Suisse Group in Singapore, said in a report on June 27. ``Real assets such as commodities, and gold in particular, can provide such a hedge.''
The dollar also fell today to the lowest against the Japanese yen since June 9 before government data this week that may show U.S. employers cut jobs for a sixth consecutive month and U.S. manufacturing contracted at a faster pace this month.
Crude oil for August delivery advanced $2.20, or 1.6 percent, to $142.41 a barrel at 4:14 p.m. in Singapore. It rose to a record $142.99 on June 27.
Gold for August delivery added 0.4 percent to $934.90 an ounce in after-hours electronic trading on Comex at 4:14 p.m. Singapore time.
Gold for April 2009 delivery gained 10 yen, or 0.3 percent, to 3,183 yen a gram ($942 an ounce) on the Tokyo Commodity Exchange at 5:16 p.m. local time. Gold for December traded in Shanghai was up 1.3 percent at 205.27 yuan a gram ($933 an ounce).
--
Mother GOLD Second Bull Wave LT Trend Started - of the 5-wave Elliott pattern -
This Gold bull market rise is going to make the 1970s
spectacular rise look small in comparison.
It will take time, but it's powerful because it's more
of a global market today compared to the 1970s.
By Aden sisters.
God Bless America
POG ex..currency inflation the common source for the rise
in both the Dow and Gold during their respective up-cycles -
If currency inflation could take the Dow from 800 to 11,750 -
during its bull market, why couldn't it take gold -
from its $270 starting point to $4050?
If gold were to achieve a price of $4050, it will have
matched the roughly 1500% appreciation of the stock market
during its bull phase.
imo. tia.
Ex..dd..gold mining..jo-jo..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30304142
GOLDCORP INC (NYSE: GG) NEW Real-time: 43.60 Up 1.98(4.76%) 10:01AM ET
http://finance.yahoo.com/q?s=gg
God Bless
Mother GOLD Second Bull Wave LT Trend Started - of the 5-wave Elliott pattern -
This Gold bull market rise is going to make the 1970s
spectacular rise look small in comparison.
It will take time, but it's powerful because it's more
of a global market today compared to the 1970s.
By Aden sisters.
hi opida, gold and silver still going in 2008.
still a lot of forclousers taking place but there is a lot of money out there buying up those florclousers also & then turning around & rening then with the option to buy and still others starting up their own Business with the low interest rates
To '02opida' on 'GOLDEN GOOSE RESOURCES ' -
often it has been the highs before summer -
about now - many in Canada buy RRSP's and the funds -
buying into stocks -
so its the buyers time now -
strategic bottom fishing bargains -
Imo. Tia
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=6958
Golden Goose Resources Inc. (V.GGR) $ 0.62 -
Volume: 9.25 k
11:01 AM EST Jan 14, 2008
http://investorshub.advfn.com/boards/quotes.asp?ticker=V.GGR
http://investorshub.advfn.com/boards/board.asp?board_id=6958
credit will always run a country. only thing, americans over spend.
RE:
Credit crisis hits top U.S. bond insurer -
Submitted by cpowell on Fri, 2007-12-21 02:32.
Section: Daily Dispatches
By Stephen Bernard
Associated Press
via Yahoo News
Thursday, December 20, 2007
http://news.yahoo.com/s/ap/20071220/ap_on_bi_ge/mbia;_ylt=AnN0d6JD2Gy9gQ...
NEW YORK -- The credit crisis spread to the nation's largest bond insurer Thursday, sending shares of MBIA Inc. plunging and calling into question the safety of tens of billions of dollars of company and local government debt held by investors.
The Fitch Ratings service warned that it might cut its rating on MBIA in the next six weeks if the company cannot find $1 billion in new capital. That followed a disclosure by MBIA that of the $30 billion in mortgage debt guarantees it issued, some $8 billion were for the the riskiest types.
One analyst said he was shocked by the magnitude of that exposure. A call seeking comment from MBIA officials at the company's headquarters in Armonk, N.Y., was not returned immediately Thursday.
For the last decade, Wall Street firms have profited by bundling and selling pools of mortgages, auto loans, credit card bills, and more to investors. The riskiness of these securities was thought to be offset by the promise from insurers like MBIA that they would step in to make principal and interest payments if issuers defaulted.
Because default rates have been low, bond insurers' earnings and share prices had soared -- until recently. The fear now is that if MBIA or competitors like Ambac Financial Group Inc. and Financial Guaranty Insurance Corp. are unable to pay what could be a surge in claims on debt issues gone bad, it could overwhelm the already-suffering credit markets.
MBIA shares plummeted more than 26 percent Thursday, falling $7.07 to $19.95 and wiping out more than $880 million in market capitalization.
MBIA is the largest of the "AAA" bond insurers, those that are viewed by rating agencies as having so much financial and claims-paying strength that they deserve the highest rating.
Because of its size, many analysts have warned of dire consequences for the bond market if MBIA is downgraded, which would effectively prevent it from issuing new policies.
Some analysts questioned why MBIA strayed from insuring municipal bonds into riskier mortgage-backed debt.
In a release late Wednesday, MBIA said its total exposure to bonds backed by mortgages and collateralized debt obligations is about $30.61 billion. Included in that exposure is a pool of about $8.14 billion in CDOs backed by a combination of other CDOs and mortgages, which some analysts consider the riskiest.
Citi Investment Research analyst Heather Hunt said the disclosure of the $8.14 billion of the riskiest CDOs was a "disappointment" and MBIA is in an "extremely volatile situation," but in the end the exposure will not be as bad as it first appears.
Hunt added that based on the current stock price, investors estimate MBIA will lose more than $7.5 billion after taxes from its total mortgage and CDO exposures.
CDOs are complex instruments that combine slices of assets and other debt.
Another credit rating agency, Standard & Poor's, said it fully incorporated MBIA's exposure to mortgage bonds and CDOs when it affirmed the insurer's "AAA" rating Wednesday. But S&P did place the company on a negative outlook, which means it views the company as having a one-in-three chance of being downgraded in the next two years.
The action on MBIA was one of a handful of bond insurer warnings and downgrades S&P made Wednesday, the sum of which S&P said could lead to a fundamental change in the way the bond insurance industry operates. In particular, it downgraded insurer ACA Capital to "CCC" from "A," a move that affected billions of dollars in municipal bonds nationwide.
The value of the mortgage-backed bonds and CDOs has been declining rapidly in recent months as the underlying debt has increasingly defaulted. Many CDOs and mortgage bonds are backed by subprime mortgages, given to customers with poor credit history, which have been among the worst-performing loans.
Morgan Stanley analyst Ken Zerbe said the size of MBIA's exposure was surprising and riskier than he had thought. Zerbe questioned why MBIA waited to detail its positions. He recommends avoiding investing in all bond insurers until they can accurately assess the final size and scope of their mortgage and CDO losses.
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20-21,2008
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/
* * *
Reserve the dates:
The next GATA conference
Friday and Saturday, April 18 and 19, 2008
Maybe "Gold Rush 21-08 -- Anybody Seen Our Gold"?
Washington, D.C., area
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.
GATA is grateful for financial contributions, which are federally tax-deductible in the United States.
http://educate-yourself.org/nwo/nwopopcontrol.shtml
Looking for Allies to Resist the New World Order -
http://educate-yourself.org/lte/lookingforUKallies06apr07.shtml
http://www.ronpaulblimp.com/
God Bless America
The Great Red Dragon -
(Imperialistic Capital) -
http://www.greatreddragon.com/
Depleted Uranium -
http://mirrors.wordsforgood.org/educate-yourself.org/du/index.html
End Times Programming ? -
http://mirrors.wordsforgood.org/educate-yourself.org/cn/endtimesprogramming23oct04.html
http://www.ronpaulblimp.com/
God Bless America
China seen switching out of copper and into gold and platinum
Submitted by cpowell on Fri, 2007-12-21 21:20.
Section: Daily Dispatches
By Matt Whittaker
Associated Press
via Yahoo News
Friday, December 21, 2007
http://biz.yahoo.com/ap/071221/china_gold_platinum.html?.v=1
NEW YORK -- China, the 800-pound gorilla of copper buying, is turning instead to gold and platinum as the price of the red metal continues to sink and it sees precious metals as good investments against currency concerns, market watchers say.
A string of interest-rate hikes in the world's largest copper-buying nation could further dampen demand for the metal as increasing bank reserve requirements make borrowing more difficult for copper producers and smelters that want to expand capacity.
Meanwhile, the Chinese are buying gold and platinum as an investment, seeing the metals as a hedge against the declining U.S. dollar and anticipating they will rise further in price, said Ralph Preston, senior market analyst with Heritage West Financial.
While this buying is among supportive factors for the price of gold and platinum, market participants in the Asian nation still see copper as overpriced and aren't stepping in right now, contributing to copper's recent price slide, market watchers say.
The Chinese are staying away from the red metal because they "don't want to just throw their money into the wind," Preston said. "Even though they've got a bunch of money, they don't want to go spending it frivolously."
Frank Lesh, broker and futures analyst with Future Path Trading, said the Chinese are showing some buying interest in copper. But that might not show up as much in price moves for the metal like it does in platinum.
That's because the market for copper -- as well as for gold -- is larger than the one for platinum, so price reactions could be exacerbated in the white metal's smaller market.
"I wouldn't doubt they're buying the platinum," Lesh said, adding that the Chinese need the metal for their burgeoning automotive industry.
Catalytic converters for automobiles are one of the main industrial uses for platinum.
In addition to manufacturing uses for gold and platinum, the Chinese are also buying the precious metals as a hedge in case Beijing decides to let the yuan float, said Larry Young, senior trader with Infinity Futures. The currency is only allowed to fluctuate in a range that is tied to the value of the U.S. dollar.
"They're looking at several strategies" for trying to get the lowest price for their commodities, Young said.
Because of a worsening global economic outlook and financial-market uncertainty, the Chinese want the safe haven that gold and platinum offer even above Treasurys, Young said.
"They want something that they can touch and feel," Young said.
At the same time, China isn't entering the copper market in force, Young said.
"They're still anticipating a pullback in price," Young said.
Players in the Asian nation are anticipating additional supply coming onto the market from mines that ramped up production last year when prices were higher, Young said.
Of China's $1.3 trillion in cash reserves, nearly 65 percent is in U.S. Treasurys and only 1.6 percent is in physical gold, said Bill Reynolds, investment adviser and commodity specialist with Wellington West Capital.
"This past year -- rightfully so -- their belief that the U.S. dollar was and will continue to devalue ... has had the Chinese government and others continuing to purchase gold," Reynolds wrote in an e-mail. "This, along with a more liberal Chinese government, which has allowed the citizens to now purchase more luxuries, such as jewelry."
As the world's most populous country, that demand will likely continue to support precious metals prices, Reynolds wrote.
In copper, China's importers are reducing yearly bookings for 2008 delivery because they are concerned that a Beijing-led economic slowdown will dampen overall demand for the red metal, Reynolds wrote.
The People's Bank of China on Thursday lifted its benchmark one-year lending rate by 0.18 percentage point to 7.47 percent, the nation's sixth interest rate increase in 2007 aimed at curbing inflation.
"We think these measures, along with the steep rise in banking reserve requirements, will eventually slow the Chinese economy down since the hikes are now occurring from elevated base levels and are likely to have more impact," an MF Global research note says.
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20-21,2008
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/
* * *
Reserve the dates:
The next GATA conference
Friday and Saturday, April 18 and 19, 2008
Maybe "Gold Rush 21, The Sequel -- Who ARE Those Guys"?
Washington, D.C., area
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.
GATA is grateful for financial contributions, which are federally tax-deductible in the United States.
Depleted Uranium -
http://mirrors.wordsforgood.org/educate-yourself.org/du/index.html
End Times Programming -
http://mirrors.wordsforgood.org/educate-yourself.org/cn/endtimesprogramming23oct04.html
http://www.ronpaulblimp.com/
God Bless America
Fed to Offer Special Auctions 'As Long As Necessary' -
By Liz Capo McCormick
Bloomberg News Service
Friday, December 21, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0jFvw9NueL4&refer=h...
NEW YORK -- The Federal Reserve will conduct biweekly emergency auctions of loans as "long as necessary" as part of a global attempt by central bankers to restore faith in the money markets.
The Fed and European Central Bank loaned $30 billion in 35-day funds today at an interest rate of 4.67 percent, 2 basis points more than the initial special auctions four days ago. The rates are less than the 4.75 percent banks are charged to borrow directly at the Fed's discount window, suggesting the central bank is making progress in alleviating the credit crunch.
"The Fed finally gets it," said Andrew Brenner, co-head of structured products in New York at MF Global Ltd. "This allows the Fed to postpone easing, which they prefer due to inflation."
The U.S. central bank had scheduled four special auctions, with the final two slated for Jan. 14 and Jan. 18. The central banks, along with those in Canada, Switzerland and the U.K., announced plans on Dec. 12 to move in concert to alleviate the credit squeeze threatening global growth, in the biggest act of international economic cooperation since the Sept. 11 terrorist attacks.
Policy makers have cut the Fed's target rate for overnight loans between banks by 100 basis points to 4.25 percent since September, and the discount rate by 150 basis points. The U.S. central bank has also provided $8 billion in long-term repurchase agreements through year-end and let $35.2 billion in short-term securities mature so the proceeds could be used to provide liquidity in the banking system.
...TED Spread Narrows
"The fact that the Fed said they will continue every two weeks with these auctions will help yields on Treasuries to move higher, spreads to come in, and stocks" to rise, said Richard Gilhooly, an interest-rate strategist in New York at BNP Paribas Securities Corp., one of the 20 primary dealers that trade directly with the central bank.
Benchmark 10-year note yields rose 8 basis points to 4.13 percent, the biggest increase in a week. Yields on three-month bills, seen as a haven from turmoil by investors, increased 4 basis points to 2.97 percent. The Dow Jones Industrial Average gained 1.2 percent to 13,406.84, while the Standard & Poor's 500 Index increased 1.13 percent to 1,477.42.
The difference between three-month Treasury bills and the three-month London Interbank Offered Rate, known as the TED spread, narrowed 7 basis points to 1.89 percentage point. That's down from a four-month high of 2.21 percentage points Dec. 11.
...Fewer Bids
Financial institutions submitted $57.66 billion in bids to the Fed at their $20 billion auction of 35-day funds, resulting in a bid-to-cover ratio of 2.88, lower than the prior auction. There were 73 bidders, compared with 93 banks and securities firms earlier, the central bank said in a statement today.
"The rate wasn't so high that it should cause concern about any dire need for liquidity," said Michael Pond, an interest-rate strategist in New York at Barclays Capital Inc., another primary dealer. "People were looking for funds and liquidity on a competitive basis."
All the funds were made available at the stop-out rate, or the lowest rate that the Fed accepted at the auction. Bids at the stop-out rate were prorated at 73.40 percent, compared with 1.96 percent at the $20 billion auction of 28-day funds.
...'Being Nimble'
The minimum accepted bid rate set by the Fed for today's auction was 4.15 percent, a rate based on a measure, known as the overnight indexed swap rate, of the average overnight fed funds rate over the term of the credit being auctioned.
Overnight indexed swaps are derivatives in which one person agrees to pay a fixed rate in exchange for receiving the average of a floating central bank rate over the life of the swap. For such swaps based in U.S. dollars, the floating rate is the daily effective federal funds rate.
"It's a sign the Fed is being nimble in terms of managing reserves and these temporary liquidity problems," said Kenneth Kim, an economist at Stone & McCarthy Research Associates in Skillman, New Jersey. "I don't think they will have to do much more but it's a good sign."
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20-21,2008
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/
* * *
Reserve the dates:
The next GATA conference
Friday and Saturday, April 18 and 19, 2008
Maybe "Gold Rush 21-08 -- Anybody Seen Our Gold"?
Washington, D.C., area
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.
GATA is grateful for financial contributions, which are federally tax-deductible in the United States.
Depleted Uranium -
http://mirrors.wordsforgood.org/educate-yourself.org/du/index.html
End Times Programming -
http://mirrors.wordsforgood.org/educate-yourself.org/cn/endtimesprogramming23oct04.html
http://www.ronpaulblimp.com/
God Bless America
Liberty Dollar reopens to raise defense funds -
Submitted by cpowell on Fri, 2007-12-21 05:38.
Section: Daily Dispatches
Business Booming After Raid
By Gavin Lesnick
Evansville Courier & Press (Evansville, Indiana)
Monday, December 17, 2007
http://www.courierpress.com/news/2007/dec/17/businessboomingafter-raid/
The Evansville-based headquarters of a company that produces the Liberty Dollar is open again with a new name and a new product.
Liberty Numismatics, formerly Liberty Services, reopened this month to raise money for its legal defense fund and to satisfy customers who continue to want to purchase Liberty Dollars, said company founder Bernard von NotHaus.
The reopening of the headquarters, at 225 N. Stockwell Road, came less than a month after federal agents raided it and took gold, silver, and 60,000 newly minted coins featuring Republican presidential candidate Ron Paul.
The company produced the gold- and silver-backed Liberty Dollar as an "inflation-proof" alternative currency to the U.S. dollar.
The Nov. 14 raid occurred a little more than a year after a U.S. Mint warning that the alternative currency was illegal and in the midst of a lawsuit von NotHaus filed against the mint, arguing that the warning had no legal merit.
Von NotHaus has not been indicted on charges related to the federal investigation, although he said he expects to be arrested at any time.
The decision to reopen and to change the company's name, he said, was largely because of the ongoing demand for the Liberty Dollar.
"We've had walk-in customers every day since we've opened," he said. "People are looking for Liberty Dollars."
Von NotHaus said the name change reflects a change in the company's business model. It is no longer producing new Liberty Dollars, although it is hallmarking and selling already-produced coins with a small handcuffs icon in honor of the raid. The value has skyrocketed since the raid -- at one point $20 Ron Paul Liberty Dollars were selling for more than $250. Von NotHaus said Liberty Numismatics better reflects the collectible nature of the offerings.
Von NotHaus said the change was not done for legal purposes.
"We haven't been indicted," he said. "We can have the same name. But we wanted to do something different."
The hallmarked coins, dubbed Arrest Dollars, are available for prices ranging from $15 to $30.
They are made from Liberty Dollars donated back to the company, von NotHaus said, and will soon be available only on eBay.
And before long, von NotHaus said, they won't be offered at all.
"It's available between now and when I'm arrested," he said.
"So it's a very limited supply."
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20-21,2008
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/
* * *
Reserve the dates:
The next GATA conference
Friday and Saturday, April 18 and 19, 2008
Maybe "Gold Rush 21 Reloaded -- Shocks from Fort Knox"?
Washington, D.C., area
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.
GATA is grateful for financial contributions, which are federally tax-deductible in the United States.
Vaccine Dangers -
http://mirrors.wordsforgood.org/educate-yourself.org/vcd/index.html
http://educate-yourself.org/nwo/nwopopcontrol.shtml
Looking for Allies to Resist the New World Order -
http://educate-yourself.org/lte/lookingforUKallies06apr07.shtml
http://www.ronpaulblimp.com/
God Bless America
Credit crisis hits top U.S. bond insurer -
Submitted by cpowell on Fri, 2007-12-21 02:32.
Section: Daily Dispatches
By Stephen Bernard
Associated Press
via Yahoo News
Thursday, December 20, 2007
http://news.yahoo.com/s/ap/20071220/ap_on_bi_ge/mbia;_ylt=AnN0d6JD2Gy9gQ...
NEW YORK -- The credit crisis spread to the nation's largest bond insurer Thursday, sending shares of MBIA Inc. plunging and calling into question the safety of tens of billions of dollars of company and local government debt held by investors.
The Fitch Ratings service warned that it might cut its rating on MBIA in the next six weeks if the company cannot find $1 billion in new capital. That followed a disclosure by MBIA that of the $30 billion in mortgage debt guarantees it issued, some $8 billion were for the the riskiest types.
One analyst said he was shocked by the magnitude of that exposure. A call seeking comment from MBIA officials at the company's headquarters in Armonk, N.Y., was not returned immediately Thursday.
For the last decade, Wall Street firms have profited by bundling and selling pools of mortgages, auto loans, credit card bills, and more to investors. The riskiness of these securities was thought to be offset by the promise from insurers like MBIA that they would step in to make principal and interest payments if issuers defaulted.
Because default rates have been low, bond insurers' earnings and share prices had soared -- until recently. The fear now is that if MBIA or competitors like Ambac Financial Group Inc. and Financial Guaranty Insurance Corp. are unable to pay what could be a surge in claims on debt issues gone bad, it could overwhelm the already-suffering credit markets.
MBIA shares plummeted more than 26 percent Thursday, falling $7.07 to $19.95 and wiping out more than $880 million in market capitalization.
MBIA is the largest of the "AAA" bond insurers, those that are viewed by rating agencies as having so much financial and claims-paying strength that they deserve the highest rating.
Because of its size, many analysts have warned of dire consequences for the bond market if MBIA is downgraded, which would effectively prevent it from issuing new policies.
Some analysts questioned why MBIA strayed from insuring municipal bonds into riskier mortgage-backed debt.
In a release late Wednesday, MBIA said its total exposure to bonds backed by mortgages and collateralized debt obligations is about $30.61 billion. Included in that exposure is a pool of about $8.14 billion in CDOs backed by a combination of other CDOs and mortgages, which some analysts consider the riskiest.
Citi Investment Research analyst Heather Hunt said the disclosure of the $8.14 billion of the riskiest CDOs was a "disappointment" and MBIA is in an "extremely volatile situation," but in the end the exposure will not be as bad as it first appears.
Hunt added that based on the current stock price, investors estimate MBIA will lose more than $7.5 billion after taxes from its total mortgage and CDO exposures.
CDOs are complex instruments that combine slices of assets and other debt.
Another credit rating agency, Standard & Poor's, said it fully incorporated MBIA's exposure to mortgage bonds and CDOs when it affirmed the insurer's "AAA" rating Wednesday. But S&P did place the company on a negative outlook, which means it views the company as having a one-in-three chance of being downgraded in the next two years.
The action on MBIA was one of a handful of bond insurer warnings and downgrades S&P made Wednesday, the sum of which S&P said could lead to a fundamental change in the way the bond insurance industry operates. In particular, it downgraded insurer ACA Capital to "CCC" from "A," a move that affected billions of dollars in municipal bonds nationwide.
The value of the mortgage-backed bonds and CDOs has been declining rapidly in recent months as the underlying debt has increasingly defaulted. Many CDOs and mortgage bonds are backed by subprime mortgages, given to customers with poor credit history, which have been among the worst-performing loans.
Morgan Stanley analyst Ken Zerbe said the size of MBIA's exposure was surprising and riskier than he had thought. Zerbe questioned why MBIA waited to detail its positions. He recommends avoiding investing in all bond insurers until they can accurately assess the final size and scope of their mortgage and CDO losses.
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20-21,2008
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/
* * *
Reserve the dates:
The next GATA conference
Friday and Saturday, April 18 and 19, 2008
Maybe "Gold Rush 21-08 -- Anybody Seen Our Gold"?
Washington, D.C., area
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at http://www.gata.org/.
GATA is grateful for financial contributions, which are federally tax-deductible in the United States.
http://educate-yourself.org/nwo/nwopopcontrol.shtml
Looking for Allies to Resist the New World Order -
http://educate-yourself.org/lte/lookingforUKallies06apr07.shtml
http://www.ronpaulblimp.com/
God Bless America
hi Bob , great article.i'm trying to figure how this one person got such a big bonus with these losses.
excerpt.
How Goldman won big on mortgage meltdown -
Submitted by cpowell on Fri, 2007-12-14 13:32.
Section: Daily Dispatches
How Goldman won big on mortgage meltdown -
Submitted by cpowell on Fri, 2007-12-14 13:32.
Section: Daily Dispatches
On Mortgage Meltdown -
A Team's Bearish Bets
Netted Firm Billions;
A Nudge From the CFO
By Kate Kelly
The Wall Street Journal
Friday, December 14, 2007
The subprime-mortgage crisis has been a financial
catastrophe for much of Wall Street.
At Goldman Sachs Group Inc., thanks
to a tiny group of traders, it has generated one of
the biggest windfalls the securities industry
has seen in years.
The group's big bet that securities backed by risky home
loans would fall in value generated nearly $4 billion
of profits during the year ended Nov. 30,
according to people familiar
with the firm's finances.
Those gains erased $1.5 billion to $2 billion of
mortgage-related losses elsewhere in the firm.
On Tuesday, despite a terrible November and some of the worst
market conditions in decades, analysts expect Goldman to
report record net annual income of more than $11 billion.
Goldman's trading home run was blasted from an obscure corner of the firm's mortgage department -- the structured-products trading group, which now numbers about 16 traders.
Two of them, Michael Swenson, 40 years old, and Josh Birnbaum, 35, pushed Goldman to wager that the subprime market was heading for trouble.
Their boss, mortgage-department head Dan Sparks, 40, backed them up during heated debates about how much money the firm should risk.
This year, the three men are expected to be paid between $5 million and $15 million apiece, people familiar with
the matter say.
Under Chief Executive Lloyd Blankfein, Goldman has stood out on Wall Street for its penchant for rolling the dice with its own money. The upside of that approach was obvious in the third quarter: Despite credit-market turmoil, Goldman earned $2.9 billion, its second-best three-month period ever. Mr. Blankfein is set to be paid close to $70 million this year, according to one person familiar with the matter.
Goldman's success at wringing profits out of the subprime fiasco, however, raises questions about how the firm balances its responsibilities to its shareholders and to its clients. Goldman's mortgage department underwrote collateralized debt obligations, or CDOs, complex securities created from pools of subprime mortgages and other debt. When those securities plunged in value this year, Goldman's customers suffered major losses, as did units within Goldman itself, thanks to their CDO holdings. The question now being raised: Why did Goldman continue to peddle CDOs to customers early this year while its own traders were betting that CDO values would fall?
A spokesman for Goldman Sachs declined to comment on the issue.
The structured-products trading group that executed the winning trades isn't involved in selling CDOs minted by Goldman, a task handled by others. Its principal job is to "make a market" for Goldman clients trading various financial instruments tied to mortgage-backed securities. That is, the group handles clients' buy and sell orders, often stepping in on the other side of trades if no other buyer or seller is available.
The group also has another mission: If it spots opportunity, it can trade Goldman's own capital to make a profit. And when it does, it doesn't necessarily have to share such information with clients, who may be making opposite bets. This year, Goldman's traders did a brisk business handling trades for clients who were bullish on the subprime-mortgage-securities market. At the same time, they used Goldman's money to bet that that market would fall.
...Tight Leash
Financial firms have good reason to keep a tight leash on proprietary traders. In 1995, bad bets by Nicholas Leeson, a young trader, led to $1.4 billion in losses and the collapse of Barings PLC. Last year, the hedge fund Amaranth Advisors shut down after a young Canadian trader lost more than $6 billion on natural-gas trades. But big trading wins such as George Soros's 1992 bet against the British pound, which netted more than $1 billion for his hedge fund, tend to be talked about for years.
The subprime trading gains notched by Messrs. Birnbaum and Swenson and their Goldman associates are large by recent Wall Street standards. Traders at Deutsche Bank AG and Morgan Stanley also bet against the subprime-mortgage market this year, but in each case, their gains were essentially wiped out because their firms underestimated how far the markets would fall. New York hedge-fund company Paulson & Co. also turned a considerable profit on the subprime meltdown this year, as did Hayman Capital Partners, a Dallas-based hedge-fund firm, say people familiar with the matter.
As recently as a year ago, few on Wall Street thought that the market for home loans made to risky borrowers, known as subprime mortgages, was heading for disaster. At that point, Goldman was bullish on bonds backed by such loans.
...Hashing Out Risk
Last December, Mr. Sparks, a longtime trader of bond-related products, was named head of Goldman's 400-person mortgage department. That gave him a seat on the firm's risk committee, which numbers about 30 and meets weekly to hash out the firm's risk profile. It also gave him authority over the structured-products trading group, which then had just eight traders and was run jointly by Mr. Swenson and David Lehman, 30, a former Deutsche Bank trader.
Mr. Swenson, known as Swenny on the trading desk, is a former Williams College hockey player with four children and an acid wit. A veteran trader of asset-backed securities, he joined Goldman in 2000. In late 2005, he helped persuade Mr. Birnbaum, a Goldman veteran, to join the group. Mr. Birnbaum had developed and traded a new security tied to mortgage rates.
Mr. Swenson and Mr. Sparks, then No. 2 in the mortgage department, wanted Mr. Birnbaum to try his hand at trading related to the first ABX index, which was scheduled to launch in January 2006. Because securities backed by subprime mortgages trade privately and infrequently, their values are hard to determine. The ABX family of indexes was designed to reflect their values based on instruments called credit-default swaps. These swaps, in essence, are insurance contracts that pay out if the securities backed by subprime mortgages decline in value. Such swaps trade more actively, with their values rising and falling based on market sentiments about subprime default risk.
Messrs. Swenson and Sparks told Mr. Birnbaum the ABX was going to be a hot product, according to people with knowledge of their pitch.
They were right. On the first day of trading, Goldman netted $1 million in trading profits, people familiar with the matter say. But the index was tough to trade. In comparison to huge markets like Treasury bonds, there wasn't much buying and selling. That meant that Mr. Swenson's team nearly always had to use Goldman's capital to complete trades for clients looking to buy or sell.
...Signs of Weakness
Last December, David Viniar, Goldman's chief financial officer, gave the group a big push, suggesting that it adopt a more-bearish posture on the subprime market, according to people familiar with his instructions. During a discussion with Mr. Sparks and others, Mr. Viniar noted that Goldman had big exposure to the subprime mortgage market because of CDOs and other complex securities it was holding, these people say. Emerging signs of weakness in the market, meant that Goldman needed to hedge its bets, the group concluded, these people say.
Mr. Swenson and his traders began shorting certain slices of the ABX, or betting against them, by buying credit-default swaps. At that time, new subprime mortgages still were being pumped out at a rapid clip, and gloom hadn't yet descended on the market. As a result, the swaps were relatively cheap.
Still, trading volume was thin, so it took months for the group to accumulate enough swaps to fully hedge Goldman's exposure to the subprime market. By February, Goldman had built up a sizable short position, and was poised to profit from the subprime meltdown.
The timing was nearly perfect. Goldman's bets were focused on an ABX index that reflects the value of a basket of securities that came to market in early 2006, known as the 06-2 index. Goldman bet that the riskiest portion of that index -- a sub-index that reflects the value of the slices of the securities with the lowest credit ratings -- would plunge in value. This January, as concerns about subprime mortgages grew, that sub-index dropped from about 95 to below 90. The traders handling the ABX trades were sitting on big profits.
Like other Wall Street firms, Goldman weighs its financial risk by calculating its average daily "value at risk," or VaR. It's meant to be a measure of how much money the firm could lose under adverse market conditions. Because the ABX had become so volatile, the VaR connected to the trades was soaring.
Goldman's co-president, Gary Cohn, who oversees the firm's trading business, became a frequent visitor, as did the firm's risk managers. More than once, Mr. Sparks was summoned to Mr. Blankfein's office to discuss the market. Goldman's top executives understood the group's strategy, say people with knowledge of the matter, but were uncompromising about the VaR. They demanded that risk be cut by as much as 50%, these people say.
Messrs. Swenson and Birnbaum, however, argued that the mortgage market was heading down, and Goldman should take full advantage by maintaining large short positions, people familiar with the matter say.
One day in late February, with the riskiest portion of the 06-2 index heading toward 60, the discussion about what to do grew heated, these people say. Mr. Birnbaum argued that Goldman would be leaving money on the table by unwinding some of the trades his group had used to bet on the mortgage market's decline.
"This is the wrong price" to close out the positions, Mr. Birnbaum snapped at a colleague assigned to help reduce risk, slamming down his phone receiver, these people say. He was overruled.
In March and April, the risky portion of the 06-2 index, which had taken a beating in February, bounced back from near 60 into the mid-70s. By then, the CDO underwriting business, which had been lucrative for Goldman, Merrill Lynch & Co. and other Wall Street firms, was slowing dramatically. Potential buyers had grown worried about the market.
Thanks to the wager that the ABX index would fall, Goldman's mortgage department earned several hundred million dollars during the first quarter, say people familiar with the matter. But the traders had unwound that bet in the weeks that followed. That left Goldman unhedged against further carnage, a worrisome situation for the second quarter.
In late April, Mr. Sparks, the mortgage-department chief, met with Mr. Cohn, the trading head, Mr. Viniar, the chief financial officer, and a couple of other senior executives. "We've got a big problem," Mr. Sparks told them as they paged through a handout listing the declining values of Goldman's CDO portfolio, according to people with knowledge of the meeting. Prices were heading straight down, he told them. He suggested that Goldman cancel a number of pending CDO deals, these people say, and sell whatever it could of the firm's roughly $10 billion in CDOs and related securities -- probably at a loss.
...Into the Red
Led by Mr. Lehman, the co-head of the structured-products trading group, Goldman began selling off the majority of its CDO holdings. The losses pushed the mortgage group into the red for the second quarter.
By then, the subprime-mortgage market was cratering. Dozens of lenders had filed for bankruptcy protection, and legions of subprime borrowers were losing their homes. At Bear Stearns Cos., two internal hedge funds that had invested in risky portions of CDOs and other securities were struggling. Merrill and Citigroup Inc., among others, were sitting on billions of dollars in depreciating mortgage holdings.
Although it had become more expensive to wager against the ABX index, Messrs. Swenson and Birnbaum got a green light to once again ratchet up the firm's bet that securities backed by subprime mortgages would fall further. In July, the riskiest portion of the index plunged.
...No Time for Breaks
The structured-products traders were working long hours. Mr. Swenson would leave his home in northern New Jersey in time to hit the gym and be at his desk by 7:30 a.m. When Mr. Birnbaum arrived from his Manhattan loft, they'd begin executing large trades on behalf of clients. There was no time for breaks. They took breakfast and lunch at their desks -- for Mr. Swenson, the same chicken-and-vegetable salad every day from a nearby deli; for Mr. Birnbaum, an egg-white sandwich for breakfast, a chicken or turkey sandwich for lunch.
Mr. Sparks, the mortgage chief, climbed into his car at 5:30 each morning for the drive in from New Canaan, Conn. To calm his nerves, he'd stop by the gym in Goldman's downtown building to briefly jump rope and lift weights. Sometimes he worked past midnight, arriving home exhausted. He canceled a family ski trip to Wyoming. Although he loved to attend Texas A&M football games and owned a second home near the university, he decided not to join his wife and two children on more than one trip. (Mr. Sparks is a major donor to the university's athletic program.)
By late July, the Bear Stearns funds had collapsed and rumors were circulating of multibillion-dollar CDO losses at Merrill. Goldman was raking in profits.
But once again, concern was growing about VaR, the all-important measure of risk. At one point in July, senior executives called another meeting to demand the mortgage traders pull back, according to people familiar with the matter. The traders agreed.
...Ratcheting Back
Around Labor Day, Mr. Birnbaum was asked to ratchet back one of his short positions by $250 million, according to Hayman Capital managing partner Kyle Bass, a client who had similar positions at the time. Mr. Bass says he made $100 million by relieving Goldman of that particular short bet. "It appeared to me that [the traders] constantly fought a VaR battle with the firm once the market started to break," says Mr. Bass.
In the first three quarters of its fiscal year, Goldman's VaR rose 38%, ending that period at $139 million per day, an all-time high, regulatory filings indicate.
During the third quarter ended Aug. 30, the structured-products trading group made more than $1 billion, say people knowledgeable about its performance. That helped the mortgage department notch record quarterly earnings of $800 million, these people say.
The subprime market continued to deteriorate through the fall. Both Merrill and Citigroup announced massive write-downs connected to the subprime mess, and their chief executive officers resigned.
Goldman pressed forward with its bearish bets on the ABX index, people familiar with its strategy say. In October, Goldman's mortgage unit moved from one downtown Manhattan office building to another. Despite their stellar year, traders were crowded into a low-ceiling floor where 150 employees shared one small men's room.
In late November, Mr. Sparks summoned Messrs. Birnbaum and Swenson to his office for separate visits. He thanked each trader for what he had done for the firm.
But there has been no time to relax. Two weeks into Goldman's new fiscal year, credit markets are looking bleaker than ever. Already, analysts are trimming their estimates of how much Goldman and other Wall Street firms will make in the coming year.
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday-Monday, January 20-21,2008
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization based in
the United States and tax-exempt under the U.S. Internal
Revenue Code.
Its e-mail dispatches are free, and you can subscribe at
http://www.gata.org/.
GATA is grateful for financial contributions, which
are federally tax-deductible in the United States.
http://educate-yourself.org/nwo/nwopopcontrol.shtml
http://nwo-warning.tripod.com/haarp2.htm
God Bless America
Ponzi scheme - Fiat money - made out of nothing -
http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#
FED - Power Center - Created @ NWO -
Ron Paul: "It's criminal."
http://www.youtube.com/watch?v=Wn8Cuy0F32o&feature=player_embedded
On the Edge with Dr. Paul Craig Roberts 12.10.10. Max Keiser
http://www.silverbearcafe.com/private/12.10/roberts12-10.html
WHY AREN'T THE BANKSTERS IN JAIL? -
IS IT NO LAW OR POLICE IN USA? -
WHY WAS THE HUNT BROTHERS TAKEN TO JAIL? -
AND WHY ISN'T THE BANKSTERS? -
NO EQUAL LAW FOR ALL PEOPLE IN THE USA? -
THE BANKSTERS ALLOWED TO CORNER THE SILVER MARKET? -
DO THE BANKSTERS HAVE MORE RIGHTS THAN THE HUNT BROTHERS? -
TO CORNER THE SILVER MARKET? -
ARE THE MARKET ALLOWED TO BE CORNED ON THE DOWNSIDE? -
BUT NOT ALLOWED TO BE CORNED ON THE UPSIDE? -
ARE THE BANKSTERS THE KINGS AND EMPERORS IN USA WITH SPEC. RIGHTS
TO RIDE WITH SPECIAL BOLSHEVIKS LAWS? -
FIRE ALL POLITICIANS THE PEOPLE DON'T NEED? -
DO THE PEOPLE NEED ANYONE OF THE 666 EVILS?
HAVE THE USA BECOME THE NEXT USSR? - WITH -
SUPER RED BOLSHEVIKS BANKSTERS COMMISSARS -
IS US THE COPYCAT OF USSR? -
IS IT THE PEOPLE WHO WANT THE US TO BE USSR?
btw.
the above Q.s are only a few of the reflexion going on
in my mind when I read the below link -
thanks for the info -
JP Morgan Admits To, Reduces Massive Silver Short Position, Proves Millions Of Conspiracy Theorists Correct
Be sure to read comments at end....Something seems off to me ,or just to good to be true!!
http://www.zerohedge.com/article/jp-morgan-admits-defeat-cuts-silver-short-position-proves-millions-conspiracy-theorists-abso
We need to crash the entire Federal Reserve -
Crash JP Morgan Buy Silver (*)
http://maxkeiser.com/
CUSIP# - importance of it
http://bit.ly/f9qBAo
Zionists or no Zionists...the IRS is an abomination on the American people.
http://www.veteranstoday.com/2010/12/05/jb-campbell-jewish-extortion/
by Montanore thanks for info ~<
Btw. please, pass it along >>>>>>>>>>>>>>>>>
TIA
~<
Mother GOLD Second Bull Wave LT Trend Started - of the 5-wave Elliott pattern -
This Gold bull market rise is going to make the 1970s
spectacular rise look small in comparison.
It will take time, but it's powerful because it's more
of a global market today compared to the 1970s.
By Aden sisters.
The Financial System Is A Farce -
http://www.sprott.com/pdf/marketsataglance/10_2007.pdf
by Eric Sprott who spells it our clearly -
AMEX - Gold Bugs Index (INDEX)
Phlx - Gold Silver Index (INDEX)
GOLD the real value about fiatz$35,000.-/oz today....
THE AMERO IS REAL, I HAVE ONE TO PROVE IT! (Hal Turner) -
http://www.halturnershow.com/AmeroCoinArrives.html
mick well how can america live with those kind of figures.
now that is even for middle class persons? -
one day we may wake up to the news that AMERO is in -
and the old bucky is out? -
THE AMERO vs. THE DOLLAR -
http://www.gold-eagle.com/editorials_05/kirby062806.html
http://www.youtube.com/watch?v=6hiPrsc9g98
Ex. Germany did it twice in the last 100 years -
war is very costly -
for the middle class persons? -
it may wipe out the debt,
pensions, bank savings etc. in the old bucky? -
the USA $470 trillions in national debt gone? -
The Gold is the Only Real Money -
since 1000's of years -
well when -
- The International Gold Standard -
for all currencies been in power -
it has been -
- NO WARS -
wars are to expensive with -
- The Real Money In Gold -
pres. Nixon removed the US$ Gold Standard 1971 -
to be able to print paper money to pay the Vietnam soldiers -
since that time US has been in one war after the other ? -
it no cost to print paper money - more than the man at
the printing press + paper etc. -
that's WHY -
GATA - Gold go to $3000 or $5000 or more? -
GATA's advertisement in The Wall Street Journal -
This advertisement, sponsored by GATA and cost $264,426.26,
appeared in The Wall Street Journal on
Thursday, January 31, 2008.
Complete documentation of the statements cited in the
advertisement can be found as follows:
Paragraph 2, statement by J. Virgil Mattingly, general counsel
for the Federal Reserve:
http://www.federalreserve.gov/fomc/transcripts/1995/950201Meeting.pdf
Paragraph 3, statement by Federal Reserve Chairman Alan Greenspan:
http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm
Paragraph 4, motion by Barrick Gold Corp.:
http://www.lemetropolecafe.com/img2003/memoformotiontodis.pdf
Paragraph 5, statement by William S. White of
the Bank for International Settlements:
http://www.gata.org/node/4279
Paragraph 6, U.S. Treasury Department international reserve
position reports:
http://www.gata.org/node/5637
Paragraph 7, Sprott Asset Management report:
http://www.sprott.com/pdf/pressrelease/press_release_not_free_not_fair.p...
Paragraph 7, Cheuvreux report:
http://www.gata.org/files/CheuvreuxGoldReport.pdf
Paragraph 7, Citigroup report:
http://www.gata.org/files/CitigroupGoldReport092107.pdf
Paragraph 7, Redburn Partners report:
http://www.gata.org/files/RedburnPartnersGoldReport_11-12-2007.pdf
View ad as PDF
Wall Street Journal Ad
Goldcorp shareholder enjoy about 100% interest and more per year +
dividend -
Goldcorp compared to Barrick and Newmont -
were do you want to be -
Goldcorp paying dividends -
Legend in record US chart debut -
http://www.goldcorp.com
PARENTS ARE FROM BBCMF ,,,#Board-3665
Wikipedia: Precious metal,Wikipedia Free Encyclopedia's
http://en.wikipedia.org/wiki/Precious_metal
http://search.yahoo.com/search?p=precious+metals&sm=Yahoo%21+Search&fr=FP-tab-web-t-326&...
.
http://kitco.com
realtime...http://www.kitcomm.com/cgi-bin/comments/gold/display_short.cgi
http://globalgold.blogspot.com
http://thebullandbear.com/
mining companies, news items ,,,
http://www.gold-miningstocks.com/Research/Industries/Gold.asp
http://www.goldnewsweekly.com/commentary/index.asp
http://www.goldnewsweekly.com/commentary/index.asp_Q_Author_E_Aden+Sisters
http://www.mineweb.net/index.htm
http://www.goldseek.com/
http://www.silveraxis.com/
below is link for i.p.o. dates.
http://moneycentral.msn.com/investor/market/ipomain.asp
Some Gold/Silver charts under $5.00...... #MSG-8804145
NetWorking With Moderator: Dave_007,Cash Cow...#board-2117
NetWorking With Moderator: Merci, Early Bird Special...#board-2761
NetWorking With Moderator: midastouch017, Israel Economics...#board-3606
NetWorking with Moderator: rrufff,{HLSRF)...#board-4796
NetWorking with Moderator: Rawnoc, flu...#board-3227
NetWorking with Moderator: lowman, Oil and Gas Main #board-4810...O&G play,#board-4484
NetWorking with Moderator: i_like_bb_stock, BB's Penny haven...#board-2199
NetWorking with Moderator: Capt_Nemo, MARKET SCAMS...#board-610
NetWorking with Moderator: stocks4john ,NFL - King of the Hill Pool...#board-2915
NEtWorking with Moderator: wantoberich, Assistants: ONEBGG, ALL Wantobe's Personal-Cartoon DSL FunPlace (FUN)...#msg-7104590, #msg-7194930, #msg-7209870, #board-3912
NetWorking with Moderator: timhyma, Sharing Knowledge in Smallcaps...#board-865
NetWorking with Moderator: Low Float Stock Pick, Low Float Stock Picks...#board-4911
NetWorking with Moderator: momentumspeculator, BOTTOM PLAYS...#board-4929
NetWorking with Moderator: FinancialAdvisor FinancialAdvisorFinancialAdvisor's College Class(FACC)...#board-2767
NetWorking with Moderator: kgoodrich, Seasonals rock...#board-1616 & #board-3424 Seasonals rock.
NetWorking with: Moderator: puppman Assistants: The Transparent Flamingo 2...#board-5260
NetWorking with Moderator: SeriousMoney, Toby Smith Stock Review...#board-4469
Moderator Or An Assistant To These Forums In This Click...#msg-10253185
NetWorking with Moderator: DSDstock, Trading For Sole Propriety...#board-5273
NetWorking with Moderator: Gateway_Stocks, Oil and Gas Pipeline...#board-5320
NetWorking with Moderator: midastouch017, Israel Economics main one is #msg-10690831 for all his activities.
NetWorking with Moderator: Ataglance2, Stock tips Under .05...#board-4759
4/11/06: Moderator: Relentless Despot,Assistants: Ataglance2...Forex Traders...#board-5125
NetWorking with Moderator: Trade_4_Money SaVi Media Group Inc. (SVMI)...#board-4804
#msg-10541509...parent message #msg-10541645...BOTTOM PLAYS...#board-4929
NetWorking with Moderator: Trade_4_Money, NanoLogix, Inc. (NNLX)...#msg-10844671
NetWorking with Moderator: Trade_4_Money, Alternative Energy Stocks...#msg-10602559
NetWorking with Moderator: Trade_4_Money, Nanotech stocks (NANOTECH)...#board-5529 ,
See This For List Of Nano Co's. ,,,#msg-10614797
NetWorking with Moderator: Trade_4_Money,Assistants: mick, Rawnoc
OTC/Pink Oil and Gas stocks (OIL&GAS)...#board-5598
NetWorking with Moderator: Trade_4_Money, PENNIES TO DOLLARS...#board-3802
"This Is Concern For All , Market Maker Signal For Shares."
100--I need shares
200-I need shares badly,but do not take it down
300-take the price down to get shares
400-trade it sideways based on supply and demand
500-gap one way or another,to the direction of the 500 trade.
ADDING THIS 4/22/06: In my experiences I Noticed When In Sub Penny Add a Zero!!
_____12/1/2006_adding this to naked short from NYBOB --- #msg-15229021 --- #msg-15229370
_____THIS 101 TEACHING ABOUT ETF'S AND NAKED SHORTING...
From Atag:This Link Is Good For 101 Trading.[Naked Shorting]
A safehouse for opponents of illegal stock market manipulation.
_____http://www.businessjive.com/nss/darkside.html
_____http://www.businessjive.com
_____http://www.businessjive.com/podcasts/market-liberation/
"How Many Have Wonder What is Shown by The Time and Sales Code? "
time and sales codes. placed 07/02/2007
Here are the original code descriptions:
a = acquisition
b = bunched trade - average price
c = cash trade
d = distribution
e = automatic execution
g = bunched sold trade - opening/reopening trade detail
h = intraday trade detail
i = basket index on close transaction
j = rule 127 trade
k = rule 155 trade
l = sold last
n= next day
o = opened
p = prior reference price
r = seller
s = split trade
t = form t trade - pre/post market trade
u = extended hours trade - reported late or out of sequence
w = average price trade
y = yellow flagged regular trade
z = sold - out of sequence
http://www.shortsqueeze.com * 07/28/2007
realtime? see #msg-8628522
http://www.commoditysymbols.com/ --- Symbols
http://www.bloomberg.com/markets/commodities/cfutures.html
http://www.1800gotjunk.com
http://www.nytimes.com
http://www.forbes.com
http://insidercow.com
http://www.itbusiness.ca/it/client/en/home/home.asp
http://www.newswire.ca/en/ [CNW GROUP]
http://www.busrep.co.za/index.php
http://www.silverstockreport.com/email/Future_Gold_and_Silver_Prices.html
http://www.miningmx.com/index.htm
http://stockhouse.com/index.asp
http://www.smallcapcenter.com/index.asp?ref=1
http://www.cbc.ca/
http://www.sedi.ca
http://www.sedar.com
http://www.canadianinsider.com
http://www.tsx.com
http://www.wce.ca
http://www.m-x.ca
http://www.cnq.ca
http://www.tsx.com/en/nex/
http://new.stockwatch.com/swnet/default.aspx
http://www.wce.ca/aboutus.aspx?first=links
http://investorideas.com/
Future With Technology
http://www.cnn.com/SPECIALS/2005/cnn.25/interactive/gallery.top25/content.1.html
FROM UP-DOWN 2/2/06,,, see #msg-9540507
http://www.financialsense.com/fsu/editorials/dorsch/2006/0130.html
http://www.futuresource.com/markets/market.jsp?id=metal
http://www.futuresource.com/markets/market.jsp?id=energy
12/29/2005...................
URANIUM mentions by peoria.
TNGL< IRNG< URIX< USU< QCYE< TRDM< CCJ< USEG< NWI.V< XROF< UPC.V
MXROF< 2-1-06 LBTS<
Molybdenum mention by peoria.
>IGMI<
GOLD mentions by peoria.
>ABRM< ADGD< ADGO< APLL< BGO< BWLRF< CALVF< CBJ< CRCUF< DROOY< EQBM< EVSNF< FECOF< GGLG< GOCM< GPXM< GSPG< LNXGF< MGCP< NVAS< NVSRF< PGDP< SLGLF< WITM<
SILVER mentions by peoria.
>SDRG<
CANADIAN COMPANIES ON THE AMEX by up-down.
>AAU< BPG< CLG< DEZ< EZM< GGR< MDM< MRB< NAK< NSU< NTO< RGY< WTZ
1-31-06 CRCUF< CVVLF< MNG< NWTMF< TGB
2-13-13 UPDATE FOR CANADIAN CO'S ON THE AMEX. by up-down with charts. see message ... #msg-9644473
27 Canadian Resource companies trading in the US
>AAU ANO AZK APLL BPG CGR CLG DEZ EZM GBN
GGR GLE MDM MNG MRB NAK NSU NTO NWTMF OZN
PMU QEE RBY RNO TGB WTZ<
For Canadian Information Try This. boomtime moderator
#board-4347
http://www.wce.ca/aboutus.aspx?first=links
see for FEB'S excellent pps appreciation...#msg-9323923
CANADIAN INFORMATION ***** FROM OPIDA 07/26/2007
http://www.osc.gov.on.ca/Enforcement/Proceedings/AlphaListing/ep_p_index.jsp
FROM KITCO ...How to Value a Mining Stock
January 16, 2006 http://www.kitco.com/weekly/paulvaneeden/jan162006.html
SILVER & GOLD REPORT http://www.kitco.com/reports/technicalindicators/dec292006.html
Webs For Gold , Silver and Platium. * 07/28/2007
http://www.capitalupdates.com
http://www.goldseek.com
http://www.silverseek.com
http://www.goldreview.com
http://news.silverseek.com/GoldSeeker/1185395802.php
GOLD SPECIALS
KDSM<[12/30/05...$3.25] MGCP<[1/1/06]$0.035 DOUBF<[1/14/06...$0.16]
URANIUM SPECIALS
FRG<[1/2/06...$3.13] COPPER SPECIALS
TGB<[1/2/06...$1.22]NVSRF<[1/16/06...$0.27][1/16/06...$6.27]
MINING NEWS____________________
http://theresourceinvestor.com/
***** FROM NYBob: 08/12/2007 --- Gold now should be valued at $35,000+ ? -refer to MESSAGE #msg-22013250
in 1430's Florence - claiming that gold now -
should be valued at $35,000+....
http://www.gold-eagle.com/editorials_04/wang090104.html
The other is a 600-year chart showing silver -
historically vastly undervalued today....
Go to: http://goldinfo.net/silver600.html
MARKET MAKERS ____ 08/13/2007 INFO Market maker - Wikipedia, the free encyclopedia
http://search.yahoo.com/search;_ylt=A0geu6YaacBGP9YAT7NXNyoA?p=+market+makers&y=Search&fr=yf....
http://en.wikipedia.org/wiki/Market_maker
http://en.wikipedia.org/wiki/Main_Page
http://www.marketmakersint.com/
http://www.allstocks.com/markets/Market_Makers/market_makers.html
http://www.allstocks.com/markets/SI/MM_A_s/mm_a_s.html
http://search.yahoo.com/search;_ylt=A0geu7lLacBGMVYB7QFXNyoA?p=ACAP++%2CM++%2CACAP+FINANCIAL+INC.++%....
http://search.yahoo.com/search;_ylt=A0geu7lLacBGMVYB7QFXNyoA?p=ACAP++%2CM++%2CACAP+FINANCIAL+INC.++%....
ELECTRONIC TRADING OTC MARKETING -- 08/12/2007
http://nqb.com/pink/index.jsp
NEW LINKS: 09/24/2007
web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com.
BUFFET? GOLD THOUGHTS?
http://www.kitco.com/
NETWORKING WITH NYBob: 08/27/2007 ,,,see message
Colorado and Utah, there is more recoverable oil than in the Middle East?" -
http://www.freerepublic.com/focus/f-news/1388012/posts
U.S. HAS MASSIVE OIL RESERVES -
http://www.americanfreepress.net/html/u_s__has_massive_oil.html
dd....http://www.ru308.com/
NETWORKING WITH NYBob: 08/27/2007 ,,,see message
NYBob,,,http://investorshub.advfn.com/boards/profile.asp?User=29145
http://investorshub.advfn.com/boards/board.asp?board_id=6568
see message ,,, Russell Industries (RSDS)
FROM NYBob, 08/30/2007 SEE MESSAGE
the major nss event -
started at 9/11 -
Chart shows the IT-comp. index crash at 9/11 World Trade Ctr. - 666terror -
At 9/11 3000 genius 888 IT-Comp. CEO's etc. murdered -
by the 666terrorist -
after 9/11 terror the 666terrorist continue to nss the IT -
companies who lost - their CEO's directors etc. to 9/11 -
America's Karma -
The Temple Mount, World Trade Center, & WWIII -
http://www.freedomdomain.com/karma.html
http://tinyurl.com/2povdv
The long awaited removal of the "Grandfather Clause"
has today been officially posted in the Federal Register for removal.
http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/E7-15708.htm
free level-2
http://66.201.236.134/export/level2.jsp?symbol=prvb
SCANNER TOOL:
http://www.smallcapcenter.com/tools_technicalSearch.asp?page=ANALYTICSSEARCH_IN.ASP
WEB FOR COMPANY INFORMATION:
http://www.otcupdates.com/profiles.htm#2
http://eldoradogold.net/html/philosophy.html
http://www.devvy.com/index.html
http://eldoradogold.net/html/devvykidd.html
http://www.newswithviews.com/HNV/Hot_New_Videos3.htm
http://tinyurl.com/2d6omr
fiatzbukyz $470 trillionz debtz makez the counterfeitz - worthless any day!
The GOLD goes to moon Alice -
last thing I want to see is counterfeitz clownz bucky -
it has to be some real money backed by -
The Real Gold Standard first -
The Real Money values....
Ex....
NXG Gold Res. goes to moon in Real Value -
NXG should buy back its on shares -
THE AMERO IS REAL, I HAVE ONE TO PROVE IT! (Hal Turner) -
http://www.halturnershow.com/AmeroCoinArrives.html
http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=60787
Dollar hits new low versus euro -
http://news.bbc.co.uk/2/hi/business/6992570.stm
NXG GOLD Dec 2007 (NYMEX:GC.Z07.E) -
NXG a strategic Au bargain -
NXG Northgate Gold mining - compared to gold bullion price -
http://www.halturnershow.com/AmeroCoinArrives.html
http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=60787
a new bucky minted -
the old bucky going down -
http://www.halturnershow.com/AmeroCoinArrives.html
What is cash worth in hyper-inflation?
Ex:
Prior to the Hyper-Inflation in Germany in the 20s,,a
German worker retired with $60,000 and a pension.
After the hyper-inflation got going the bank sent him
a check for the $60,000 with a letter saying his acct
was to small to handle.
The stamp on the letter?... $100,000
Play it safe and stay in Gold mining -
Politicians can't stand seeing the value of their own
home dropping ever month,,,, they will stimulate and
when that doesn't work they will stimulate some more,
again and again and again---until we go over the cliff
into hyper-inflation.
https://secure.swissamerica.com/offer/WBFedFraud.php
ex.
UK hit by bank worries -
http://news.bbc.co.uk/2/hi/business/6994328.stm
US banks next?
fiatz-dollar hits new record low versus fiatz-euro -
as investors fretted about a world credit crunch -
as investors safety is yellow or black Gold -
Oil is priced in fiatz-dollars so its record lows this week
against the euro and other fiatz-currencies has raised prices..
http://news.bbc.co.uk/2/hi/business/7017539.stm
Gold remains the time-honored standard of wealth -
that no other currency can match.
dd....
http://www.publicgold.com/tryit
dd....
http://www.PublicGold.com/tryit.net
Easy to pay off house mortgage -
with new AMERO -
old fiatz bucky worthless? -
GOLD the real value about fiatz$35,000.-/oz today....
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21963105
Got NXG Gold Mines Safety -
The Largest Gold Producer in BC -
The lowest cost Gold Producer in the mining industry -
http://www.bareequity.com/indv/n/nxg.html
http://www.northgateminerals.com
http://www.google.com/search?hl=en&q=Elliot+Wave&btnG=Google+Search
Results 1 - 10 of about 1,910,000 for Elliot Wave. (0.11 seconds)
http://search.yahoo.com/search?p=Elliot+Wave&fr=yfp-t-501&toggle=1&cop=mss&ei=UTF-8
1 - 10 of about 3,570,000 for Elliot Wave - 0.20 sec. (About this page)
Support & Resistance Levels--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21996866
Drawing Trendlines--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21998402
"Areas" to Take Profit--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22322961
High Probability Trade Set Up--->http://www.investorshub.com/boards/read_msg.asp?message_id=17945858
Positive Divergences--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21992088
Trendline Break + 50% Hold--->http://investorshub.advfn.com/boards/read_msg.asp?message_id=21962829
"The Pincher"---> http://investorshub.advfn.com/boards/read_msg.asp?message_id=22560213
Da Tarheel Method by Tarheel-Blue --->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22183690
Lesson in Buying by Tarheel-Blue --->http://investorshub.advfn.com/boards/read_msg.asp?message_id=22196127
Charts are Cool--->http://www.investorshub.com/boards/board.asp?board_id=8765
Technical Analysts--->http://investorshub.advfn.com/boards/board.asp?board_id=7882
education: these are from Cash Cow: http://investorshub.advfn.com/boards/board.aspx?board_id=2117
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31518715
#msg-22381188#msg-22380566#msg-22380546#msg-22380580#msg-22380546
|CHART Templates: see message and
with mini chart, new weekly, added historical,ken's chart:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31518226
#msg-28355834#msg-28355933
PINKSHEET UPDATES...
If You Need a Chart From The Pinks , Just Change The Symbol For The New Chart.
[*chart]charts.edgar-online.com/ext/charts.dll?2-6-8-0-0-53-03NA000000SVMI[*/chart]
http://www.pinksheets.com/index.jsp
A Wealth Of Information Here. Many Links.
#msg-9341363
This message board is not affiliated with any company or organization.
No endorsement of or by any company or organization is implied by the posts on this board.
You are responsible for your own decisions - post wisely and research before investing.
Welcome to The Sons And Daughters Of BBCMF Metals/Silver,Gold,Precious Metals companies/Research forum -
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |