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Roundtrip. Thank you. Been checking out the daily reckoning. Much appreciated.
tom
Anyone have the link where Dr. Doom Marc Faber has a short published commentary? It is free and comes out every month or so?
Thanks,
Tom
<Should have been the last knife she has to use.>
I sure hope so boxmate.
Thanks for that Nightly business report transcript. Much appreciated. The masses still won't buy. Wallstreet spent 20 + + years telling the people not to buy gold or gold stocks. When EF Hutton speaks people listen. LOL.
Dave that is a landmark post as Prudent Bear has not been bullish on gold in the past and almost never mention it. In fact that is a first as I recall. BWDIK?
Statement from Cliff Droke 321 gold.
<Silvercrest Mines (SVL:TSXV), currently $1.40, is presently enjoying a nice uptrend from its June lows. A breakout above $1.50 resistance will signal the next leg of the rally is underway. I'd give SVL downside leeway to slightly beneath $1.25 on a closing basis (underneath 30-day moving average).>
http://www.321gold.com/editorials/droke/gold/droke102703.html
I din't care for it so din't watch it. No taste in movies.
Resting now. Have to do some more home loan work though.
CKG closed down. good I need to buy some. <g>
I am unsure of exactly which blue pill you mean. I don't let boxmates take the one blue pill. <g>
Well I paid high of the day for CKG. <ng> Just a rest day I hope.
Yes and other matters. <g>
Been done it is not me. I sold at an average of .87-.88 don't know hwo is causing commotion.
You are always the sharp one. That is why I cook and you have the important jobs in the box arena. <g>
<How will affect precious metals?>
CD,
Who cares about metals! What about my job? <g>
Tom
Yes I see that and I don't like that. <ng>
I got all my CBD the prior 3 days. <g>
I notice you like the old FSR quite a bit. Can you do a "Tom" style pump on it? I look at those "pumps" as information BTW. Just lay it out for me Dave and I can give you a tailwind if I like the story. Now don't just give me a barebones web site link. I want your opinion as I respect it.
Thanks.
Frank I had seen the 1st one and yes they are both good. Thanks once again. Wonder what the full $$$ service would be like from Stratfor. They charge the big $$ for some levels of information.
Thanks Frank. Good Article.
Frank I am not with you on the gold thing. It can run and stay in place on fear. JMHO. <g> Please post any Staratfor stuff. They are pretty good I think. Unless others object.
For whatever reason we are up nice on gold the last couple of days and not too big a break in the $$$ yet.
Good Morning Frank. Do you have any Stratfor for us?
Many thanks.
To:Chispas who wrote (96104)
From: Chispas Wednesday, Oct 22, 2003 5:55 AM
Respond to of 96106
COMMODITIES v. THE DOW
By John Myers
Commodities and stocks are both rallying together... What's wrong with this picture?
Since March of this year, the Dow Jones Industrial Average -- that venerable symbol of American wealth -- has increased from 7,500 to its current level of more than 9,400. That's a gain of 25%... and more importantly, it marks the first major up-trend since 2000.
Meanwhile, gold has rallied a whopping 48% since hitting a low of $252 in 1999. As we go to press, gold is at $378 an ounce. And the XAU Index of gold stocks is hitting a fresh six-year high.
The funny thing is, gold and the stock market typically head in opposite directions, not the same direction. What gives? And which market is "right?"
Which of the two is in a primary bull market? And where do investors turn to pocket profits today?
The dollar has tumbled this year -- down 5% against the euro since January -- but the price of gold, typically a vote of no-confidence in the greenback and overall economy, remains in a primary bull market.
Whether Wall Street will admit it or not, significant inflation is rolling in like a massive rogue wave. When it will crash ashore can be debated, but that it will hit eventually cannot be in doubt. Let's look at the evidence. MZM, the U.S. money supply that is M2 minus small-denomination time deposits, plus institutional money market mutual funds, has grown from $4 trillion in 1999 to nearly $6.3 trillion at the halfway mark of this year. That is a rise of nearly 60% in just four and a half years. To look at it another way, it took from 1987 to 1999 for MZM to rise from $2 trillion to $4.1 trillion. In other words, MZM has grown faster in the past four and a half years than the prior thirteen!
It is a similar story for the adjusted monetary base, or the super money that the Fed lends to banks, who in turn lend it out in multiples. The surplus cash key component of the adjusted monetary base is rising at an even more alarming pace than during the tough stagflation of the 1970s.
So with all this, there's good reason to wonder what the heck is going on in the markets.
Clearly we have a situation where both the stock market and gold are appreciating. Yet everything we know about these two markets tells us that the convergence in trends will not continue. Therefore we have to ask ourselves, which is a better bet, the stock market or the gold market? A recollection of the 1970s, a decade in which the price of gold rose 20-fold while the stock market stagnated, is worthwhile.
In 1966, one year after the U.S. government eliminated silver from quarters and dimes, the price of silver was $1.30 per ounce, the same price that silver had traded at in 1919. The stability in the price of silver to a large part reflected the sustained purchasing power of the greenback throughout the first two-thirds of the 20th century. But inflation would change everything.
Between 1970 and 1981, M2 money supply tripled! A then-record amount of liquidity was being injected into the economy each year. But all this money wasn't helping an economy that was just limping along. From the beginning of 1971 to the end of 1979, GDP rose by just one-third -- from $3.9 trillion to $5.2 trillion (in constant 1996 dollars).
As the amount of money in the economy vastly exceeded the goods and services being produced, inflation was inevitable. Consumer prices during the decade rose by a staggering 6.5% per year. By 1980 that 1970 dollar you had tucked away in your mattress would buy just 52 cents worth of goods and services.
Meanwhile, stocks traded sideways for more than a decade. In January 1966, the Dow breached 1,000 for the first time. Fourteen years later, the benchmark index was selling for only 759. After factoring in inflation from 1966 to 1980, the Dow price of 759 was actually worth only 329 in 1966 dollars.
Imagine, in real terms the Dow had lost two-thirds of its value in fourteen years. Ouch!
Clearly, the same inflationary trend that boosted the gold price was devastating for equities. And now, here we go again, as a new inflationary trend gets under way. In these early days, stock market investors don't care about "a little inflation." So stocks rally alongside gold. But the lion does not often lie down with the lamb. As the new inflation takes hold, stocks will suffer and gold will thrive.
It's just the beginning, folks... It's just the beginning.
We are seeing the early stages of a primary bull market in gold and other commodities. If this plays out as I suspect it will, the equities market is in for a period of many years where stock prices move sideways, and investors lose money primarily because of the decline in the purchasing power of their investment.
On the other hand, gold has demonstrated for over 2,000 years that it has a built-in premium to inflation. Thus, bullion rises at a greater rate than the currency that underpins the economic system.
The bottom line is that the real primary bull market is in commodities, especially in gold. My expectation is for its price to reach $800 per ounce before the end of the decade, and I am probably being too conservative at that.
Regards,
John Myers,
for The Daily Reckoning
No kidding Wayne.
Dave from what I have read and who knows if it is true, there is a lot of trouble in the House of Saud. The strongarm that will no doubt grab power is much more aligned to the radical Islamic fundamentalist side. He was pivotal in getting the US troops out of Saudi Arabia. And is rumored to be aligned with Osama.One of Osama's goals is to have US troops out of Saudi Arabia. Maybe a reason we went into Iraq. So yes I think there is an element of truth to the story.
Also there is just a big gap in like philosophy. We fight to live and they fight for martyrdom.
And yes I love the US but also believe our foreign policy has been very faulty for decades. But would need to go into that by PM and I may be full of BS who knows.
http://www.drudgereport.com/
Reason why gold shot up today?
Pakistan and Saudi Arabia have concluded a secret agreement on “nuclear cooperation” that will provide the Saudis with nuclear-weapons technology in exchange for cheap oil, the WASHINGTON TIMES will report on Wednesday, sources tell DRUDGE... Developing Hard...
PAPER: PAKISTAN, SAUDI ARABIA IN SECRET NUKE PACT
Yes a small amount. Used proceeds to buy back CBD.
Hawkeye CKG is it's own animal and impossible to predict. I just want to be an owner anywhere from 2.75-3.50 at this point.
<Silver the cat's meow right now, LOL.> Post of the day award.
Dave as far as SVL goes and in full disclosure I own a lot. I do plan on taking profits starting in the next 3-4 weeks if the stocks continues it's slow climb upwards as I had taken CKG off the table and need to add back. It was a good trade selling my CKG and buying SVL but I need a bit higher price and I feel "all alone" without CKG.
So I do make "pump" posts as I believe in the stock (svl) but am way over weighted and do need some more CKG. I do hope that a nice balance between SVL, CBD and CKG gives me a nice profitable run into the new year. So I can join your exclusive club. <g>
We broke above 5.00 in AG!
CD you are a cool cat. I have a couple cats too. One was always getting us up so we made "bedroom" for it in the garage at night. <g> Would always want to really meow about 2:00 in the morning.
And CD can chart stocks too. Heck I blew it but if I get back in I can do dishes and laundry. (part time)
Do all who may not realize I was completely joking in my prior post. <g> The one to CD and Wayne.
Wayne you can say that again same for CD. <g>
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=19418427
Eva it was a recent Ormetal recommendation.
Wayne,
I think you could be right and I am bullish but when CC says it is the best silver play around I turn up my hearing aide.
The drill should be turning now or soon. finally.
tom
CD,
Yes I am pumping. There is a large ignorant mass that hangs out on Frank's thread and he is the leader. <g> They need to be lead to water on this one. <g>
I think it is okay to pump a stock if you own it and believe in it and I do big time and in this case as CC says it may be one of the best Silver plays out there.
I have spent a lot of time reviewing the Sedar filings and the SVL web site on this one and talking with the company President and geologist and IR, and I think the potential is there.
The management seems to be the real meal deal.
tom
PS:Dave I first posted about SVL back on June 18 somewhere around the .45-.55 level. I have steadily increased my position since then and may add still. Here is my post on SI starting the thread:
Started By: loantech
Date: Jun 18, 2003 3:02 PM
Silver Crest Mines Inc. is an exciting new "pure silver" exploration company with 29,012,965 ounces of silver in the measured and indicated and inferred resources categories. Shares as of May 31, 2003: Issued 11.3 million, Fully Diluted 17.8 million, Public Float 5.95 Million. 3 properties at various stages of grass roots to feasibility, with 100% ownership. "May be a new Corner Bay in the Making." Bonanza Grade samples from La Pochota and Arena Blanca up to 7,600 g/t.
http://www.silvercrestmines.com
Disclaimer:I own the stock long.
BTW they actually had 4 properties at the time.
Printed with permission from Claude Cormier of http://www.ormetal.com
Dear friend,
We had very good news yesterday from two of our favorites.
SIlvercrest. SVL published more results on their exploration
programs at El Ocote. The numbers published include surface
samples from the Rosita Extension. The results suggest that the
silver resource at El Ocote could expand significantly. Of course,
only drilling will confirm that the silver mineralization is continuous
at depth and along strike. We continue to believe that SilverCrest is
the best silver play around.
Hey guess who I heard about SVL from? <g> Another reason I am so bullish.
Wayne use what ever figure BAY got. 90 million ounces or so. 19.50 mill shares. Looks like a total of about .60 PAAS share per Bay. I think it came to 6.00 a share for bay at first. Etc. etc. <g>
rt,
Here is a good post from SH several weeks back:
Jump to SVL Forum
<< SUBJECT: RE: I posted this months ago ....a little history Posted By: jackdaw
Post Time: 9/27/03 01:13
« Previous Message Next Message »
siempre, the Company goes by the name Silvercrest now, not Strathclair. This might make more sense to more people.
You’ve all heard of the giant gold mining company Placer Dome, well the mining entrepreneur and brainchild of Silvercrest Mines Ltd is the same guy that put the Dome in Placer. He is the one mostly responsible for that famous merger -- his name is Scott Drever. He’s been all over the world and seen and done mining deals from Indonesia to Timbuktu and most points in between. And if he hasn’t been there and done that his Chief Operating Officer Eric Fier has. Eric speaks four languages, Russian, English, Bahasa Indonesian, Spanish, and he’s been in some of the most obscure regions of the earth imaginable searching out mineral deposits. These guys have worked in senior positions for many of the world’ s big mining companies. They’ve developed incredible contacts and instincts over the years that will serve them well in building Silvercrest into one of the elite big pure silver companies in the world. Scott Drever and Eric Fier know how to find mines, they know how to make deals, they know how to develop mines and they know how to create value for their shareholders. But, best of all they are motivated, they love what they do and they, just like Ross Beaty of Pan American and Bob Quartermain of Silver Standard, know the future for silver is where mining entrepreneurs and investors need to be.>>
BTW Eric Fier is SVL's top geologist.