Explore small cap ideas before they hit the headlines.
Explore small cap ideas before they hit the headlines.
is the float locked up?
i figured i should at least thank them for allowing me to purchase more cheapies and average down.
sure is a shaky tree this mornin.
MACD has crossed on the daily.
i only have a small position but i'm holding it very very strong.
yeah, what's happening here?!?
it's been all buys this morning, except for the 200 @ .029 at open and the 4000 @ .029 that just went through.
Project Daedalus: A Plan for an Interstellar Mission
Guest contributor Richard Obousy explains how a fusion-based technology has inspired a starship's design.
Guest contributor Richard Obousy is a member of the Tau Zero Foundation, a non-profit group of scientists dedicated to the incremental advancement of interstellar spaceflight. Richard is the current leader of Project Icarus, one of the Foundation's key initiatives and a project that builds on a landmark nuclear pulse propulsion study from the 1970s: Project Daedalus.
Project Daedalus was a feasibility study for an interstellar mission, using 1970s capabilities and credible extrapolations for near-future technology.
One of the major objectives was to establish whether interstellar flight could be realized within established science and technology. The conclusion was that it was possible, but that it would be very difficult.
The potential of fission/fusion power as a propulsion mechanism that would allow for interstellar flight has been recognized since the first half of the 20th century. The idea was initially proposed by Stanislaw Ulam at Los Alamos in 1947, and then in 1958 Ted Taylor initiated Project Orion.
Just over a decade later, Alan Bond of the British Interplanetary Society (BIS) believed that the time was right to investigate the feasibility of fusion for an interstellar mission. He discussed the idea with other members of the Society, and Project Daedalus was born.
SLIDE SHOW: The Daedalus Interstellar Spacecraft would be a huge vehicle, but how would it measure up to a Saturn V rocket or the Empire State Building?
Nuclear Pulse Propulsion
Project Daedalus took just over 5 years -- the project began on January 10th, 1973 and the final reports were published May 15th, 1978. Approximately 100,000 person hours were invested into the project by 13 core designers and numerous consultants.
The heart of Daedalus was the fusion pulse propulsion engine, in which small pellets of fusion fuel would be injected at high velocity into a reaction chamber and ignited by high-energy electron beams. Conceptually this is not vastly different from a conventional internal combustion engine, in which small droplets of gasoline are injected into a combustion chamber and ignited.
The resulting fusion reaction products in the Daedalus reaction chamber would be channeled axially rearward from the main vehicle by a number of field coils acting as a magnetic nozzle. This ejecta would be responsible for an overall momentum transfer to the vehicle -- much like the exhaust from a rocket engine propels a space vehicle forwards -- mediated by magnetic fields interacting with the reaction chamber.
An Interstellar Flyby
Daedalus was to be a two stage spacecraft, with stage one carrying 46,000 tonnes of fuel and stage two carrying 4000 tonnes. After a total boost phase of nearly four years, it would be traveling at its top speed of 12.2 percent the speed of light, and would reach its target (Barnard's Star, located about six light years away) in 50 years.
Daedalus was to be an unmanned fly-by probe, and so would only stay in the target solar system for a relatively short period of time (about two days to cross the equivalent of the solar system), during which it would gather important scientific data from the target solar system.
One of the notable features of the Daedalus design was its use of Helium-3 in the fuel pellets. Helium-3 is one of the most difficult of the fusion fuels to ignite, requiring a higher ignition temperature when compared to other fusion fuels. However, its energy release is among the highest of the various fusion fuels, and thus leads to the greatest thrust.
Solar System Mining Operation
Helium-3 is incredibly rare on Earth; however, there is strong evidence for concentrations of between 0.01-0.05 ppm (parts-per-million) on the lunar surface. Additionally, vast quantities of He3 are known to exist in the atmosphere of the gas giants.
The Daedalus mission involved a plan to mine the atmosphere of Jupiter. This requirement in itself indicates the need for a vast solar system-wide civilization with abundant capabilities and a massive space-based infrastructure, and so makes the challenge of building a 'Daedalus Class' spacecraft great.
Despite these difficulties, what is particularly enticing about the Daedalus design is that it is within the realms of credible science, since no new physics is required. This in itself does not imply that the task of building Daedalus would be easy, as the engineering and economical costs are quite staggering, but it is certainly encouraging that this design could be built, given sufficient ambition.
The Son of Daedalus
Project Icarus, which began on September 30th, 2009, was inspired by Daedalus, and is a 21st century attempt to re-examine the problem of interstellar propulsion with the benefit of over thirty years of scientific progress and understanding since the original project. Broadly stated, the purpose of Project Icarus is as follows:
1. To design a credible interstellar probe that is a concept design for a potential mission in the coming centuries.
2. To allow a direct technology comparison with Daedalus and provide an assessment of the maturity of fusion-based space propulsion for future precursor missions.
3. To generate greater interest in the real term prospects for interstellar precursor missions that are based on credible science.
4. To motivate a new generation of scientists to be interested in designing space missions that go beyond our solar system.
Of course, Icarus is remembered from Greek mythology as the figure who flew too close to the sun, melting his wings. At first glance, this name might be considered a peculiar choice for a spacecraft. However, it makes much more sense when considering the following quote, which describes an important aspect of the spirit of Project Icarus:
In ancient days two aviators procured to themselves wings. Daedalus flew safely through the middle air and was duly honoured on his landing. Icarus soared upwards to the sun till the wax melted which bound his wings and his flight ended in fiasco. In weighing their achievements, there is something to be said for Icarus. The classical authorities tell us that he was only "doing a stunt", but I prefer to think of him as the man who brought to light a serious constructional defect in the flying-machines of his day. So, too, in Science. Cautious Daedalus will apply his theories where he feels confident they will safely go; but by his excess of caution their hidden weaknesses remain undiscovered. Icarus will strain his theories to the breaking-point till the weak joints gape. For the mere adventure? Perhaps partly; this is human nature. But if he is destined not yet to reach the sun and solve finally the riddle of its constitution, we may at least hope to learn from his journey some hints to build a better machine.
--From "Stars and Atoms," by Sir Arthur Eddington (Oxford University Press, 1927, p. 41)
http://news.discovery.com/space/tau-zero-project-daedalus-icarus-110119.html
Chi-town baby!
24 Hour Spot Gold (Bid)
New York Spot Gold (Bid)
30 Day Gold
http://www.kitco.com/charts/livegold.html
Gold Drops as Improved U.S. Economic Outlook Curbs Haven-Investment Demand
By Tony C. Dreibus and Jason Scott - Jan 20, 2011 7:07 AM CT
Gold dropped for the first day this week in New York on signs of economic recovery in the U.S., cutting the need for haven investments.
Industrial production in the U.S. rose 0.8 percent in December, more than forecast, on gains in business equipment and home electronics. Sales of existing homes in the U.S. probably rose 4.1 percent last month, according to a Bloomberg survey. Gold assets held by exchange-traded products declined in six of the past seven sessions.
“Market sentiment for gold has shifted since the end of 2010, as evidenced by net outflows in ETFs,” said Anne-Laure Tremblay, an analyst at BNP Paribas in London. “This shift accompanies lower uncertainty in the economic outlook following decent U.S. industrial data.”
The February-delivery contract fell $6.90, or 0.5 percent, to $1,363.30 an ounce at 12:33 p.m. London time on the Comex in New York. Bullion for immediate delivery lost $6.20, or 0.5 percent, to $1,363.72 an ounce.
Bullion fell to $1,364.50 an ounce in the morning “fixing” in London, used by some mining companies to sell output, from yesterday’s afternoon fixing of $1,372.
Gold futures rose 30 percent last year, a 10th annual advance, as the U.S. central bank kept its benchmark interest rate at a record low to spur a recovery. The futures reached an all-time high of $1,432.50 an ounce on Dec. 7.
Gold assets in ETPs fell 9.84 metric tons to 2,067.57 tons yesterday, according to data compiled by Bloomberg from 10 providers. Holdings reached a record 2,114.6 tons on Dec. 20.
‘Flip-Flopping Dollar’
“For the moment it looks as if gold is being weighed upon by broad pressure across the commodities in addition to some liquidation from ETF investors as treasury yields edge higher,” said James Moore, an analyst at TheBullionDesk.com in London, referring to exchange-traded funds.
Australia and New Zealand Banking Group Ltd. cut its 2011 price estimates for gold and platinum. It expects gold to average $1,453 an ounce this year, down 3.3 percent from an earlier call, and platinum to average $1,886 an ounce, 3.2 percent lower than a previous forecast, analysts Mark Pervan and Natalie Robertson wrote in a report today.
“Safe-haven demand has eased with improving European economic sentiment,” Pervan and Robertson wrote. “The currency market is less of a support, with a flip-flopping U.S. dollar likely to prevail over 2011.”
Platinum for April delivery fell $20.30 an ounce, or 1.1 percent, to $1,817.80 an ounce on the New York Mercantile Exchange. The price gained 21 percent last year, underperforming gold, silver and palladium. Palladium futures for March delivery fell 1.1 percent to $811 an ounce.
Chinese ‘Appetite’
ANZ raised its 2011 forecast for silver to $29.70 an ounce, up 16.3 percent from a previous estimate, on “rising industrial demand, particularly in emerging solar power, and increasing investment appetite by retail Chinese and Indian investors looking for cheaper entry into the precious metals market,” Pervan and Robertson wrote in the report.
Silver futures for March delivery fell for a second day, declining 1.2 percent to $28.455 an ounce on the Comex. The metal has retreated 8 percent this month.
To contact the reporters on this story: Tony Dreibus in London at tdreibus@bloomberg.net; Jason Scott in Perth at jscott14@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net
http://www.bloomberg.com/news/2011-01-20/gold-may-decline-as-investors-sell-asian-equities-on-data-buoying-dollar.html
still holding here.
Lecere Announces Special Shareholder Meeting
Jan 18, 2011 06:00:10 (ET)
PORTLAND, Ore., Jan 18, 2011 (GlobeNewswire via COMTEX) -- Lecere Corporation (LCRE, Trade ), a software development company, today announced that it will hold a special shareholders meeting on March 14, 2011 at 3:00 p.m. PST. The meeting will be held at 519 SW Third Avenue, Suite 500, Portland, Oregon 97204. For details about the meeting, go to the Lecere website at www.lecere.com and download the CEO Letter to Investors and Notice of Special Shareholders Meeting on the Home Page.
About Lecere
Lecere Corporation (LCRE, Trade ) of Portland, Oregon, develops and markets Lecere FIRMS(TM), an integrated, Web-based suite of interactive restaurant management software that runs on handheld wireless devices. FIRMS helps restaurants reduce their operational costs while enhancing their customers' experiences for increased revenues and profits. Visit our website at www.lecere.com .
Series E Debenture Conversion is Complete
TORONTO, October 8, 2010 – Pacific Gold Corp. (Pink Sheets: PCFG) announced today that further to the Company press release dated September 7, 2010, the previously announced agreement to amend the remaining $220,000 Series E debentures is now complete.
The Investor had until March 2011 to complete their conversion into shares of PCFG but elected to do so on October 7, 2010. There are no more conversions or monies owing to the Investor.
http://sec.gov/Archives/edgar/data/1137855/000115895710000209/exhibit991.htm
I'm almost more excited for that game than the super bowl.
Mining Almanac - PCFG
http://miningalmanac.com/Pacific_Gold_Corp_PCFG/
Not on MY couch!
Lets tear these Seahawks apart!
GO BEARS!!!
why do you say that?
Technically, the gold market bulls have faded Friday morning and February futures are in danger of posting a bearish weekly low close. Morning price levels Friday are also poised to produce a fresh six-week-low close. A bearish head-and-shoulders top reversal pattern still could be forming on the daily bar chart for February Comex gold.
Gold market bulls do still have the overall near-term and longer-term technical advantage, but do need to show fresh power soon to gain fresh upside near-term chart momentum. Prices have been trading choppy and sideways at higher price levels for three months. This does suggest the bulls have become tired amid a mature bull market. The fact that other commodity futures markets have rallied strongly recently, while gold has languished, is also a bit worrisome for the gold market bulls.
Gold bulls' next near-term upside technical objective is to produce a close above major psychological resistance at $1,400.00. Bears' next near-term downside price objective is closing prices below solid technical support at last week's low of $1,352.70. First resistance is seen at $1,370.00 and then at the overnight high of $1,377.80. Support is seen at the overnight low of $1,362.80 and then at $1,352.70.
http://www.kitco.com/reports/KitcoNews20110114JW_am.html
100day MACD curving upwards.
State Street Can Afford Gold ETF Fee War For a While Yet
By Timothy Wood
Dec 17 2010 9:37AM
ST. LOUIS -- Much has been made of this week’s surge of buying in BlackRock’s iShares Gold Trust [IAU]. Some of it has erroneously been reported as a daily trading volume record, but rather it was a leap in new gold ounces added to the IAU on relatively small volumes.
Bloomberg news reports that around “28 million shares changed hands yesterday in a single block transaction... The trade, which occurred at 1:41 p.m. in New York at $13.6762 a share, was worth about $383 million.”
As of Tuesday this week, iShares reported the addition of 27 million new shares along with 264 thousand ounces taking total net asset value in the Trust to $5.2 billion.
That has drawn a lot of attention to BlackRock as State Street’s SPDR Gold Shares [GLD] new competitive nightmare, and everyone is pinning it on the former’s lower fees that kicked in this past June. IAU has an expense ratio of a quarter point compared with GLD’s two fifths having initially been matched.
Consequently, investors are interpreting the fee cut as the fuel that is driving a significant increase in IAU’s market value. That was underscored by data from EPFR Global showing that between July 1 and October 31, IAU had $685 million in net inflows and GLD had $961 million in outflows.
That does indicate there might be a swap going on though it’s hard too see how the expenses incurred could be reasonably offset by just a 15 basis point difference in expense ratios. It’s more likely that new gold investment flows are going to IAU, and it is evident that GLD’s growth relative to gold prices has stalled. That said, it remains extraordinary compared with gold equities which are wallowing.
There was a resurgence in gold ETF buying in April this year as European sovereign default risks ballooned.
Since April 22 this year IAU has increased its total NAV by $2.33 billion, an 82% increase. Comparably, GLD has “only” improved 39%, but by a whopping $16.1 billion over the same period so the scale makes the comparison rather poor. Gold prices have increased 23% in that time.
However, the differences since 1 July are starker. IAU has grown by $1.9 billion, or 56%, since then compared with $5.2 billion, or just 10%, for GLD. In the same period the gold price has increased by $161 per ounce, or 13%. So GLD is clearly underperforming compared with IAU, and it is well illustrated in Chart 1.
That has raised speculation that GLD will imminently cut its expense ratio in order to stop the leakage to IAU. However, investors should not forget recent history.
IAU became increasingly less competitive with GLD in early 2008, and it was decimated by March 2009. At that point IAU had just 6% of GLD’s total gold on hand. It had more commonly traded at around 10% of GLD’s gold inventory. (See Chart 2)
The declines was clearly a function of the credit crisis having its epicenter in the US, where distressed investors were liquidating assets to stay afloat. When exotic assets had lost their ability to trade, let alone their value, IAU was obviously going to suffer.
IAU should be seen as recovering rather than outperforming at this point. Once IAU’s gold passes 12.5% of GLD’s total it will be time to place bets on State Street slashing fees. Even then, GLD is so much bigger than IAU that it will probably take the risk for a while longer to preserve fee income.
Likewise, GLD has superior liquidity which attracts a substantial premium in markets that remain volatile and risk averse.
So we don’t see much chance of State Street being drawn into a fee war any time soon though things could change quickly if some of the large funds invested in GLD decide to make a point of it.
http://www.kitco.com/ind/TimWood/dec172010.html
Comex Gold Backs Down as Trade Turns Choppy
13 January 2011, 10:56 a.m.
By Jim Wyckoff
Of Kitco News
http://www.kitco.com/
(Kitco News) -Comex gold futures are trading lower again Thursday morning, in intra-day see-saw price action after briefly pushing higher due to a weaker-than-expected U.S. jobless claims report and a solidly lower U.S. dollar index. February gold last traded down $4.40 at $1,381.40 an ounce.
The gold market bulls have been tentative this week as other commodity markets have seen significant rallies. Better investor risk appetite worldwide this week has worked to somewhat limit buying interest in safe-haven gold.
By Jim Wyckoff of Kitco News; jwyckoff@kitco.com
i don't predict publicly.
(Kitco News)Gold will likely suffer a setback in the first few months of the year with prices moving materially higher towards the summer, possibly hitting $1,600 by late 2011, the consultancy GFMS said Thursday in its Gold Survey 2010.
GFMS expects gold to approach $1,500 mid-term and even breach $1,600 by late 2011. Low interest rates, the elevated level of government debts in Europe, the United States and Japan, and the QE2 and its ramifications for the dollar will all play a role in gold’s rise, it said. The survey is its latest report on the gold market. Philip Klapwijk, chairman of the independent metals research consultancy unveiled the group’s forecast in Toronto.
Though GFMS said gold’s losses in the first week of January are not an indicator of a true reversal, it did warn that bulls might be disappointed in the opening months of the year.
GFMS said it is not expecting any real support for further price gains to come from jewelry demand, which it believes will fall by 7% in the first half. However, the report noted that “good” jewelry related buying will come from Asia, which should defend the market’s underside.
The report highlighted the role that investment demand played in bringing about a series of record prices highs and the 26% jump in the annual average in 2010.
“Press attention certainly centered on smaller countries like Greece and Ireland and their potential to destabilize the euro. However, we could easily see the crisis cross the Atlantic as America’s QE2 steams on,” said Klapwijk in a release.
GFMS said last year’s gold rally was also helped by a decrease in scrap which it estimates fell by 1% last year, despite the jump in prices.
“It may seem odd to have scrap down at the same time as a massive rally in the price. But that’s what looks to have happened in the face of price acclimatization, lower distress selling and some consumers postponing selling back as they were expecting yet higher prices in the near future,” Klapwijk said.
The report also noted that official sector activity was a key factor in gold’s rise last year. Klapwijk said, “The absolute scale of the swing from 2009’s net sales of around 30 tonnes to last year’s net buying of almost 90 tonnes was not great, but that did a fair bit to boost investor sentiment.”
GFMS noted that the two obvious negatives for the price were mine production and producer de-hedging. “The former was estimated to have risen by almost 3% last year, chiefly as new projects came on stream or ramped up their output, with further gains expected for the first half of 2011.
De-hedging meanwhile was estimated to have fallen by over 40% last year, leaving the outstanding year-end producer book at trivial levels of under 100 tonnes,” it said.
FDIC Set to Weigh Pay Revamp, Liquidation Authority
BY ALAN ZIBEL
WASHINGTON—The Federal Deposit Insurance Corp. plans next week to consider how to discourage executive-pay practices that spur too much risk taking, as well as regulations that start the process of giving the government power to seize and dismantle large, troubled financial firms.
The agency's board is scheduled to take up the two proposals at a Jan. 18 meeting, the FDIC said Wednesday. The FDIC, led by Sheila Bair, gained the authority to dismantle large, faltering financial firms as part...
http://online.wsj.com/article/SB10001424052748703889204576077932819112712.html?mod=rss_US_News
do your own DD, son.
what's your point?
poor management because they put out a PR last monday?
and they're waiting on ordered equipment to be delivered?
and they also posted their O/S count in the same PR?
Pacific Gold Corp.-Black Rock Canyon Equipment Order
Pacific Gold Corp. (PINK SHEETS: PCFG) announced today that it has placed an order for a 12 inch Hy-G concentrating unit, including a concentrating bowl and hopper.
This new unit will be primarily used to clean up the concentrates produced from the main screen plant and the 48 inch Knelson bowl installed at the Black Rock Canyon Mine. The Company is anticipating that the Hy-G equipment will reduce labor costs, and improve efficiency
, in the plant gold room by allowing larger amounts of concentrates produced from the main Knelson bowl to be cleaned in a shorter amount of time as compared to the shaker tables currently installed at the mine.
The Company is anticipating receiving the new equipment within 6 weeks.
Corporate Information
Currently the Company has 743,732,651 shares outstanding.
Pacific Gold would politely ask its shareholders to refrain, where possible, from attempting to directly contact Company suppliers, this practice has the potential to cause damage to the Company's relationship with suppliers, causing increased expenses for the Company.
To find out more about Pacific Gold Corp. (PINK SHEETS: PCFG), visit the Company's website at www.pacificgoldcorp.com.
http://ih.advfn.com/q.php?pid=nmona&article=45854354
PATIENCE IS A VIRTUE. NO ONE BECOMES RICH OVER NIGHT.
When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity.
The price of all US Dollar denominated commodities, like gold, will change to reflect the fact that it will take fewer or more dollars to buy that commodity. So it’s quite possible, in fact it’s almost always the case that a portion of the change in the price of gold is really just a reflection of a change in the value of the US Dollar. Sometimes that portion is insignificant. But often the opposite is true where the entire change in the gold price is simply a mathematical recalculation of an ever-changing US Dollar value.
When the dollar gets strong, gold appears to go down, and vice versa. That accounts for part of the fluctuations that we see in the value of gold.
The other part is an actual increase in the supply or demand for gold. If the price is higher when being measured not only in US Dollars, but also in Euros, Pounds Sterling, Japanese Yen, and every other major currency, then we know the gold demand is higher and it has actually increased in value.
Consequently, if gold is higher in US Dollars while at the same time cheaper in every other currency, then we can conclude that the US Dollar has weakened, and that gold has actually lost value in all other currencies. But the price, because it is being quoted in $USD will be higher and give the illusion of gold becoming more valuable. In such a case the devaluation of gold, due to increased supply on the market, is camouflaged by a weakened US Dollar.
Our feature on kitco.com breaks the change of the price of gold into 2 components. One part shows you how much of that change can be attributed to US Dollar strength, or lack of it. The other portion is indicative of how much the price changed as a result of normal trading. Interestingly whatever changes happen to the price of gold as a result of US Dollar strength/weakness also occurs to every other US Dollar denominated commodity by the exact same proportion.
of course it does. with the value of the dollar in the gutter, and an all out currency war happening around the globe, having the price of gold rise makes it more profitable for companies like PCFG to mine.
with all do respect, she's the judge, not you.
listen to this podcast:
http://media.bloomberg.com/bb/avfile/Politics/Law/v5JrJWUhSggI.mp3
seems to me, IMO, there is method to her "madness".
awesome podcast.
thanks for posting.
@Flobewan - I don't have PM anymore.
MMs have no sellers.