Wow, almost 8 years since my last post. Crazy!

OT For the 3 people who have recently added me to their "Follow" list, I just remembered my old alias and have contacted support to help me get set back up on that and let this new one go. The old alias I'll likely be going back to is this guy: https://investorshub.advfn.com/boards/profilea.aspx?user=81414

This forum is one I used to post on. I may or may not return here to do something similar, at least on occasion.

Take care. :)

MCP - Looks like someone spotted an opportunity... and perhaps created the beginnings of a cover!?

As of last night, SI hit a low of 27.18, GC a low of 1526.70, and ES a low of 1320.75. Oil got to 91.81.

We'll have to see how the day ends to more clearly determine if we're heading back up from here. A good sign is to see if the recent trend holds true again or comes to an end...

"Buying ES at the day-session open and exiting athe European close; then selling at 2pmET and exiting at the US day session close has been a very profitable trade the last week or so (8 winners of 10 trades with huge positive skew on P/L).."

http://www.zerohedge.com/news/market-deja-deja-deja-oh-forget-it

FYI, Silver and gold are fast approaching areas of support that might turn out to be the bottoms of their recent drops. For silver I'm watching 27.90 to 26.33 and for gold I'm watching the low just hit about 2 minutes ago at 1555.30. As for the S&P 500 (emini futures contract symbol ES), I think we could see a bounce anywhere from tonight's 1332.25 low to 1320. If crude didn't hit its low today at 93.65 I'm watching the 92.75 - 92.40 area. If it goes that low and loses support there then we could actually get to the low $89 - 88.50 area.

If reversals occur from these areas I don't know yet if they will be "the bottoms" or if we'll just get a bit of retracement before heading down some more. This is an election year so I don't anticipate that the markets will be allowed to go down too much more, although we may sit rather flat over the summer and get a bump back up sometime in August/September going into the election.

MCP Chart

Big picture: The daily interval chart could be forming a double-headed inverted head & shoulders formation. Watch for support at the gap fill at 25.99 and then at the uptrend line below that.

There is much to support the short-term bearish view here: In late March there was a breakout above two downtrend line resistance areas, but the stock has since fallen back below both. The last 4 candles on this chart have formed a bear flag with a weak close last Friday. I fully anticipate the gap at 25.99 to be filled this week.

I do think the 25.30 - $26 range is good buy with a stop just below the previous March low of 24.24. Watch for a pick-up in volume and a slowing rate of decline to help determine the bottom.

Watch for upside resistance at the two downtrend lines and the first overhead gap fill at 29.80. There are two other gaps above at the pink horizontal lines.

This has got to be bottomed out (aone)
http://stockcharts.com/h-sc/ui?s=aone
I am going to take some 2.71s

Fltt had a nice dance yesterday.

I'm putting this forum up for grabs for anyone interested in taking it over. I tried but I don't have the time to post here with any consistency.

Rich

Excellent

BOT 1,000 QRM Stock 3.300 10:51:06 5.00
BOT 300 QRM Stock 3.340 12:09:03 1.50
BOT 700 QRM Stock 3.341 12:14:21 4.00

Thanks Harold. I'm done after this one...


BOT 150,000 DKAM Stock 0.0048 11:48:21 3.60

Nice buy Rich. Picked up a few more at .0042-.0044 two days ago. I also have a few friends bidding from .0043 to .0046 today for a couple of million. Each one is adding on.

The chart looks interesting.

BOT 350,000 DKAM Stock 0.0048 11:05:05 8.40

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=56222

BOT 100 QRM Stock 4.43 10:34:43 1.00
BOT 500 QRM Stock 4.43 10:34:43 2.00
BOT 300 QRM Stock 4.43 10:34:43 1.50
BOT 1,000 QRM Stock 4.43 10:34:43 5.00
BOT 500 QRM Stock 4.43 10:34:43 2.50
BOT 100 QRM Stock 4.43 10:34:43 0.50
BOT 500 QRM Stock 4.43 10:34:43 2.50

You too Eats!

Thank you for all your posts Rich, Have a great weekend!

Picked up some SVM Jan 20 '12 $15 calls today. A blogger I like to follow that goes by "silvergoldsilver" made the call. Figured I'd join him with 100 contracts.

http://silvergoldsilver.blogspot.com/

Sorry 'bout that last response...I was looking at QRM chart at the time I read your post and got cross-mojinated! LOL

Congrats! If we happen to go lower watch 3.37 to 3.15 for the bounce.

You were spot on! Finally have my fill of JBII - a wee bit over 100k shs! Gotta' love it when a plan comes together! :) Rock Me Amadeus!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66436969

MDMN Update with some BEEF!

MEDINAH MINERALS INC.
JUAN JOSÉ QUIJANO FERNÁNDEZ
ABOGADO
Shareholder Update – August 19, 2011

Dear Shareholders:

Management of Medinah Minerals (Chile) S.A. has, today, issued a demand performance time frame to the Joint Venture Agreement partners to complete the initial funding portion of the signed JVA Agreement. This final extension period mandates that the JVA partners must release the JVA funding within 20 working days from August 19, 2011. The previous extension periods granted to the Joint Venture Agreement partners, have not, as yet, resulted in the JVA partners continuing efforts to complete the funding provision of the Agreement.

While the JVA partners, pursuant to Non-Disclosure and Non-Circumvention legal mandates, will not allow disclosure of their names and/or proprietary information, the terms of the intended JVA transaction can now be released. The JVA calls for a $74,000,000 (seventy-four million) dollar entry purchase for only 30% percent of the Altos de Lipangue Limitada holding(s). The JVA terms are as follows:

1. Initial tranche of net $24,000,000 (twenty-four million) dollars.

2. $14,000,000 (fourteen million) dollars are allocated for exploration; $10,000,000 (ten million) dollars to Medinah Minerals (Chile) S.A. property owners.

3. Upon completion of the exploration phase and receipt of a qualifying geological report(s), a further tranche of $50,000,000 (fifty million) dollars to Medinah Minerals (Chile) S.A. property owners.

4. Additional funding, after exploration and qualification of "proven reserves" to full-scale production of up to $500,000,000 (five-hundred million) dollars.

5. There is NO stock consideration, past, present or future, attached or conditioned to the benefit of the Joint Venture Agreement partners.

6. There has been NO additional drilling done on the Altos de Lipangue property by Medinah Minerals (Chile) S.A. or the JVA partners. All 28 drill holes, either drilled to depth or abandoned, were completed previously.

Señor Juan José Quijano, representing Medinah Minerals (Chile) S.A., negotiated the retention of a 70% continuing ownership in the Altos de Lipangue claims. Medinah Minerals, Inc. (USA) retains a 50% ownership interest in Medinah Minerals (Chile) S.A. In order to understand Medinah Minerals (Chile) S.A.'s reluctance to issue such a demand ultimatum, one needs to understand the tremendous retained benefits the Joint Venture Agreement would provide to Medinah Minerals (Chile) S.A. and Medinah Minerals, Inc. (USA) shareholders as compared to many previous Joint Venture proposals.

Should the present JVA partners fail to release the long-awaited funding, Medinah Minerals (Chile) S.A. will vacate the deal and seek compensations. Contingent offers are now being received and reviewed. As current metal prices have increased in valuation the “intended reserves,” verified through a host of prior appraisal entities, shows an enhancement of the value of the Altos de Lipangue property holdings. But, the valuations are still in the ground and must be further defined through exploration and property development.





Juan José Quijano Fernández
President/CEO


http://www.medinah-minerals.com/

I suspect that's all just a show to keep people's attention away from the Ponzi Scheme that are the US markets.

I still think this drop could be a bear trap, but if we lose the recent lows I'll have to alter my view and lean more towards the bearish side. It might be that commodities move up along with a more specific group of securities as opposed to the whole market. Election time is coming into view and I suspect the market will be in an up trend as we approach November '12.

It's all just a big game. You just have to know what perception the big players want the minions to have.

Just my opinion though.

I suspect that the feds & ws boys are still at odds with each other? How do you think the Sept. 17 event will effect the market? Perhaps the last few days was the market flexing their muscle somewhat?

So far, so good. Market didn't look happy today though.

Nice buys on QRM

1737 is the line in the sand for gold today, imo.

Watch support for gold around 1739.50 today, give or take a couple bucks. If 1735 is lost then expect 1725 and if that's lost then we're probably back to 1700. This always happens when you get several days of straight upward movement as it exhausts the longs and emboldens the shorts.

My favorite video ever!...

http://www.theminingplay.com/post26010.html#p26010

U.S. retail sales climb 0.5% in July; May and June figures upwardly revised

So...ummm... for the previous two months they went back and tweaked the numbers to make them look better???

Whatever... here comes the bear trap...

I suspect with shorty working as hard on it as they are, and as long as the company doesn't put out any news, you should have no problems.

About to put 150k into a Roth IRA. I certainly hope it stays at these prices until then!

Take on FOMC today...

Under the chart..

http://www.zerohedge.com/news/look-how-58-billion-usd-purchases-buys-you-4-days-fx-intervention

QRM buys...


BOT 200 QRM Stock 3.97 09:31:18 1.00
BOT 300 QRM Stock 3.97 09:31:18 1.50
BOT 500 QRM Stock 4.21 12:19:47 12.50
BOT 100 QRM Stock 4.05 14:53:29 1.00
BOT 700 QRM Stock 4.05 14:53:29 3.00

JBII news: http://www.marketwatch.com/story/jbi-inc-announces-a-ten-year-agreement-for-commercially-viable-conversion-of-waste-plastic-to-fuel-2011-08-08?siteid=nbsh

JBII Purchase


BOT 1,000 JBII Stock 2.04 15:42:03 5.00

Still keeping an eye on this one for potential lower prices. Hard one to call.

QRM Purchases

BOT 200 QRM Stock 3.89 15:56:21 1.00
BOT 500 QRM Stock 3.89 15:56:21 2.50
BOT 500 QRM Stock 3.89 15:56:21 2.50
BOT 100 QRM Stock 3.89 15:56:21 0.50
BOT 100 QRM Stock 3.89 15:56:21 0.50
BOT 300 QRM Stock 3.8899 15:56:21 1.50
BOT 300 QRM Stock 3.91 15:57:59 1.50

Watching for 3.30 - 3.10 range tomorrow for more if it gets there.

I'm going to be transferring money into my trading account today. I intend to buy QRM, UEC, and JBII with a portion of it at some point, although cautiously anticipating the results of the FOMC news tomorrow at 2:15 EST.

Norcini - How S&P Downgrade of US Debt Will Impact Markets

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/6_Norcini_-_How_S%26P_Downgrade_of_US_Debt_Will_Impact_Markets.html

MDMN Shareholder update with interpretation...

http://www.medinah-minerals.com/Q_A_080511.html

Quote:
Our JVA partners state that they are continuing their efforts to complete their responsibilities under the terms and conditions of the contract so as to finally release the expected funds.


Interpretation: There is nothing wrong with the deal. The partnerS have not pushed away from the table. On the contrary, they are working to accomplish what is necessary to RELEASE the EXPECTED funds. The word "RELEASE" tells me that the funds are in a form of escrow account being held perhaps by a third party entity. If this were not the case, then the word "release" would not be used and instead replaced with the word "transfer", imo.

Quote:
Management of Medinah Minerals, Inc. (USA) have reported what is required in conformance to United States security laws regulating a public entity. There is much postulation, speculation and frustration occurring amongst shareholders which is fueled in major part by creative misinformation and negative postings in such venues as chat rooms, etc. Let us repeat this warning, “ONLY INFORMATION CONTAINED ON THE OFFICIAL COMPANY WEBSITE IS FACTUAL. PLEASE DISREGARD ALL OTHER SPECULATIVE AND NON-CREDIBLE RHETORIC FOUND ON NON-AUTHORIZED WEBSITES.”


Interpretation: If shareholders would simply put the majority of attention and emphasis on the official updates instead of on the day to day rumors/innuendo/speculation you would probably be much happier and at ease about things, as I personally am. No, I'm not happy with some of the turns this has taken and I'm certainly not pleased with how long it has taken, but people put waaaay too much emphasis on rumors and excited snippets of nothingness being posted.

Quote:
As articulated in our July 21, 2011 Shareholder Update, the extension of the closing date of the contract granted by Señor Quijano continues. This extension was not granted lightly and is required in order that the JVA partners have time to conclude their internal structuring legally in Chile.


Interpretation: The extension was granted by JJ, not the other way around. WE have power here, not the partnerS. JJ has alternatives but likes these partnerS and this deal and so was kind enough to give them more time to take care of what they need to take care of instead of saying "adios" and calling the next potential partner in line. The partnerS need more time to finish "internal structuring", which I presume deals with the legalities of doing mining business in Chile. If the deal were dying I seriously doubt that this would be going on.

Quote:
Many of these types of contracts have been entered into in Chile over the years and many have taken much longer, but the unforeseen extended period is difficult for all concerned.


Interpretation: What we're experiencing SUCKS, but it's not unusual in Chile.

Quote:
It is complicated involving verification of property titles, legality issues for foreign companies, ongoing work commitments, funding contracts with other professional groups, deciphering of areas of responsibility assigned to the various signatories etc., etc. Each of these areas requires its own negotiation and agreement that must be contained in the final documents. So, for those who are concerned that nothing is going on, rest assured, nothing could be farther from the truth. The difficulty is that we cannot disclose the issues or we risk violating the terms of the Non-Disclosure.


Herein lies the MEAT that some people aren't tasting. (Some of you have been chewing on so much hot air here for years that you probably wouldn't know meat if it were shoved down your throats. Sorry, but it's true). Try to go back and read each of those things after you've opened your eyes more and dropped the perceived need to see dates, names and dollar signs. There's a lot there if you take the time to consider it, and it doesn't really require much explanation at all.

We, as a Board of Directors, are doing everything humanly possible to try and complete the funding provisions with our JVA partners.

Quote:
It should be further noted that Medinah Minerals, Inc. (USA) is not exempt from worldwide financial calamities. Over the course of the last few weeks, various worldwide markets have suffered forms of catastrophic meltdowns. Various shareholders have reported that they have margined accounts of losing stock positions and have had their plus holdings of Medinah shares sold in order to satisfy margin shortfall commitments to clear indebtedness in their accounts. One year ago today, August 5, 2010, MDMN shares were trading at $.019. In these troubling economic times Market Makers have a “field day” with the fear-mongering aspects of a volatile market. Many games are being played by profit-only minded entities that care little for suffering shareholders of OTC companies such as MDMN. We have continued to report that Medinah Minerals, Inc. (USA), symbol MDMN, is not a promoted or featured stock by any investor relations service. We do not advocate the buying, selling, trading, or holding of Medinah stock. Our shares are completely free-trading and shareholders are free to do “what they wish” with their MDMN holdings.


Interpretation: They are explaining the reasons for the recent selloff. Some shareholders (stupidly, imo) held their MDMN investments in margin accounts, got their teets in the wringer on market drops, and their broker went in and liquidated portions of their assets in order to protect themselves from loss. Depending on your broker, you have no say in what gets sold in a margin call, and often times they don't take the time to get the best price. Sometimes they don't even inform you when they do it. They just grab what they want and liquidate willy-nilly until your account is back to being capitalized positively and they have the money back that you borrowed. If any of you don't want this to happen to you, DON'T HOLD YOUR SHARES IN A MARGIN ACCOUNT OR MAKE CERTAIN YOU ARE NOT AT RISK FOR A CALL. The company is also reiterating that they are not involved in any promotions that may be going on with MDMN, so that you know that they are not involved in a pump & dump with promoters.

Our goal as a Junior Mining EXPLORATION Company has been to seek and commit to a financing or partnering entity to continue the process of exploration leading to production of the Alto de Lipangue holding. We have endeavored over several years to complete this arduous process, but as yet have not finalized the funding portion of any Joint Venture Agreement.

Quote:
At each of the last two Medinah Minerals, Inc. (USA) Annual General Meetings, MDMN shareholders voted to give Señor Quijano the legal basis to negotiate the best deal possible on behalf of Medinah’s shareholders. Señor Quijano, representing Medinah Minerals (Chile) S.A. and Medinah Minerals, Inc. (USA), has satisfactorily completed every matter requested by the JVA partners and we continue to “anxiously” await the monetary release. Señor Quijano states that this agreement is the most optimum long-term deal for Medinah Minerals (Chile) S.A., and MDMN as a 50% partnering beneficiary.


Interpretation: Shareholders had two opportunities, and the majority voted affirmatively both times, to give JJ the freedom, the power and the TRUST to bring us the best deal and he believes that he has done so. I personally like the addition of the "LONG-TERM", because that's what this investment is. This is not a stinky pinky trade to make a 5-bagger and bail... at least it obviously isn't for JJ and company. This is abundantly obvious.

Quote:
Management is confident that we should receive the finality news that the “eagle has landed”.


Interpretation:

Quote:
However, until we can unequivocally report that the funds are liquid and in our possession, the Joint Venture Agreement is “not complete.” We desire to complete this funding as much as all of the shareholders and we share your frustrations. Management continues to fulfill its obligations to the Company and shareholders and will continue to endeavor through “all means necessary” to try and bring this matter to a successful conclusion.


Interpretation: "Complete this funding". Funding is the end game. They empathize with you. They want this done to and are doing everything they can not only for you but for themselves.

Again, I am very pleased with this update and I trust that JJ and management will get'r done. I'm the meantime I am anxious and sharing some of everyone's impatience but I sure as hell am not worried about anything I've seen coming from the official company updates/q&a's. For me personally, 1.6 million invested here is too much money to only want to see the bright side of things. As a trader I know the pain that comes from using "positive thinking" with trades and investments. I can assure you that I am not doing that here, but then if you're a responsible, competent investor then you really don't care what I or anyone else thinks about your investment, imo.

Have a great weekend all. I'm way late for the beach!

Rich



_________________
Above all else, be impeccable!
I am not a licensed investment advisor. My posts are my opinion and are never to be construed as investment advice. I assume no responsibility for any action taken as a result of my posted opinions.

CDCH Shareholder update...
http://www.cerrodorado.com/News_080511.html


SHAREHOLDER UPDATE

August 5, 2011

We have been informed that the London Group has reviewed a draft of the proposed LOI with the below terms as stated in the July 1st update, and it is now back in the hands of the attorneys in Chile for completion. We are not aware of any changes based on the July 1st update as stated below.

The proposed agreements calls for an end price acquisition of an 85% interest in the claims of $50,000,000 (fifty million), with staged cash payments over a 36-month period and a substantial exploration budget. Further details to follow upon receipt of the "Letter of Intent".

As of this writing, the principals of the Joint Venture Companies are scheduled to be in Chile next week.

We have been asked how the Fifty Million will be payed out. As stated in the July 1st update we will disclose those details upon receipt of the LOI.

Be advised, the payments are not equally divided over the three years based on the fifty million. We will receive payments as agreed upon in the LOI, with the largest payment at the end of the three years, based on the drilling program.

Kindest Regards

The Board of Directors
Cerro Dorado, Inc

Thanks Harold. It looks like you'll probably be ok pretty soon based upon the update I'm about to post...

Great call again Rich. A nice reversal on REE off the $8.50s too. I wished I had some funds to join you, but I'm still in financial shock, along with a lot of friends from last year, as you know. Can I borrow $1 to play the lottery?

I'm a buyer of QRM here at $4.13 - $4.

Light Crude Oil Futures chart (CL) Update

8 hours after I posted the previous chart and oil has taken an overnight round trip down to the aforementioned 62% retracement level and the 200 weekly MA and has returned to a price level above where it was on the previous chart. It had some nice volume for the overnight session.

Is the bottom in? Possibly, but it's too soon to tell.

Light Crude Oil Futures chart (CL)

Sweet and simple... Tonight oil has hit a trend line support, dipped below and bounced so far. If this doesn't hold then there's the 62% retracement level of 83.56, (based on the range from the May '10 low of 64.24 to the May '11 high of 114.83). The 200 weekly MA is just above that at 83.96. If we should lose those potential support areas then we will likely see oil hit anywhere from $81 to the high $78 price, imo.