Rbull I went long 20 silver contracts near the low today.April and May contracts so I have a little time to wait out a further correction.

Looks like the market likes that news.

Yes you might believe that .

Would you care to explain that?I was hoping to get a sensible discussion going on that type of subject.How might those shares be used to defend CTUM?

Good greif!You post all that and then claim you are NOT trying to besmirch,belittle or berate.
I am bemused.

OT.Airdale I just noticed the bottom line of your post.
Maybe you should leave it out if you dont mean it.

Thank you.I am really stupid.I thought CTUM authorised an increase in shares and that there were a possible 50 mil shares not currently trading.

40 mil shares is about 100% of the shares currently trading.Good to hear you think it is nothing.

Thats true.My main fear is that if CTUM is as successfull as we hope,then some huge medical company will shove us little guys aside.If some such company were to gain control of those unissued shares they would be well on the way to take over.

Yep,selling shares to bring on a new technology would be good if they specifically give info BEFORE selling.Anything else is dilution.

Anyone have any thoughts.Is it correct that there is about 40mil shares in circulation but the company is holding another 40 to 50 mil shares for eventual distribution?The release of those shares,no matter how gradual,could seriously flatten our tradjectory.We can talk about the beneficial things that might be done with the finance raised.And we can talk about dilution.Thats what it is.

Share price down to 9cents.Not good.

Maybe they should just sell off the precious metals assets in Africa and go for broke:)

I also have wondered why apparently there is no interest in their African assets.They claim to have a property with Platinum.But their high veld goldmine turned out to be a loser which they were lucky to give away?I wonder if all their properties are dogs.

Nadler

“Spot gold ignited on the heels of core CPI statistics and after Tehran's outright refusal to halt uranium enrichment and the pursuit of nuclear power,” said Nadler.

But he said earlier today that the CPI data was not enough to worry traders this much and it is too soon to really worry about Iran. He said buy stops were hit after a lot of people got short, but funds drove it up and squeezed them.

Nadler added that “the gold market's character now shifts to high volatility and possible de-coupling from conventional drivers.” Gold’s rise today was in spite of a rise in the value of the dollar.

Aw cmon,lets have some posts.
Two Irishmen hijacked a British nuclear submarine.
They asked for a million pounds and two parachutes.

Rbull ,ZG and ZI are the large gold and silver futures contracts.Cant remember if they are CBOT or GLOBEX or what but they are what you get at Interactive Brokers.They start their demo accounts at 1 million$ but that is not significant to me.I have never had more than 20 contracts at a time and that would be easily doable in my margin account.
What you are doing with puts and calls is different from what I am doing but it all comes down to the price of gold and where its going.
One thing I can tell you about my strategy.I have decided never to sell short at this time.

Looks like you are doing a pretty good job at damage control.I think everyone has to take losses from time to time.The thing is to not get wiped out.I am interested in your trading because I trade ZG and ZI in an IB simulated trading account.So far I am up $200k but I realise there is a big difference between real trading and paper trading.And I dont know when I will get the guts to do it for real.

Congrats rbull.Do you post your moves on any other forum?

People please keep on posting on this board.I did not mean to put an end to it with my previous post.Oil is not dead yet.It should be noted that the ORBO people are Irish.
Q.Whats the easiest job in the IRA?
A.Intelligence officer.

ORBO
Our Claim
Orbo produces free, clean and constant energy - that is our claim. By free we mean that the energy produced is done so without recourse to external source. By clean we mean that during operation the technology produces no emissions. By constant we mean that with the exception of mechanical failure the technology will continue to operate indefinitely.

The sum of these claims for our Orbo technology is a violation of the principle of conservation of energy, perhaps the most fundamental of scientific principles. The principle of the conservation of energy states that energy can neither be created or destroyed, it can only change form.

Because of the revolutionary nature of our claim, not only to the world of science but to the world in general, Steorn issued a challenge to the scientific community in August 2006 to test our technology and report their findings. The process of validation that has resulted from this challenge is currently underway, with results expect by the end of 2007.

Not looking too good,IMO.If the drill results contained anything exceptional the insiders would know it and the share price would show it.I dont think this project is going to fly as a brand new mine.However,if there is infrastructure and other benefits remaining from the old mine then maybe.........

Just because there is no one else here dont think you are not being watched!

Are you sure?My understanding is that there will be a reverse split for QEE holders.10 Qee = 1 Newco.

TORONTO, Feb. 12 /CNW/ - Eurasia Gold Inc. ("Eurasia" or, the "Company") (TSX: EGX) is announcing that it has entered into a share purchase agreement (the "Share Purchase Agreement") principally with companies controlled by Mr. Kumar Mukashev, a director of Eurasia, to acquire entities which hold or will acquire 100% of the rights to the Bozymchak Gold-Silver-Copper Project in Kyrgyzstan and to the Akjilga Silver Project in Tajikistan (the "Acquisition"). The Share Purchase Agreement provides for a purchase price of US$167,806,739 which will be paid by issuing 169,249,163 shares of Eurasia. Subject to conditions precedent including the completion of an offering of new shares, closing of the Acquisition is expected in early March, 2007.
Acquisition of the Bozymchak and Akjilga Projects
The Acquisition is a "related party transaction" within the meaning of OSC Rule 61-501 ("Rule 61-501") and, as such, requires the preparation of an independent formal valuation. As well, the Acquisition must be approved by a majority of votes cast at a meeting of Eurasia's shareholders present in person or by proxy, excluding votes cast by those Eurasia shareholders required to be excluded pursuant to the minority approval provisions of Rule 61-501. The 83,999,155 shares beneficially owned or controlled by Mr. Mukashev, directly or indirectly, will be excluded for this purpose.
The Board of Directors has established a special committee of independent directors consisting of Graham Bevan, Neil Steenberg, and Patrick Evans (the "Special Committee"), to supervise the negotiation of the Share Purchase Agreement. The Special Committee engaged Haywood Securities Inc. ("Haywood") to prepare a formal valuation of the shares of the entities to be acquired in accordance with Rule 61-501 (the "Formal Valuation"). The purchase price is within the range of fair values established by Haywood in the Formal Valuation. The Special Committee considered, based upon discussions with Haywood, to recommend the Acquisition to the Board of Directors. The Board of Directors has approved the Share Purchase Agreement and Acquisition and unanimously recommends that Eurasia shareholders vote in favour.
A special meeting of shareholders has been called for March 13th, 2007 (the "Meeting") to consider the Acquisition. The Meeting will be held at the Ridout Room, Toronto Board of Trade, 1 First Canadian Place, Toronto, Ontario, Canada, M5X 1C1, on the 13th day of March, 2007 at the hour of ten o'clock in the morning (Toronto time). Notice of the meeting and accompanying management information circular are expected to be mailed to shareholders on or about February 13, 2007.
Ansley Financial Holdings Ltd. ("Ansley"), has entered into a voting agreement with Eurasia, whereby Ansley has agreed to vote the shares of Eurasia that it beneficially owns in favour of the Acquisition, as well as the Continuance (as defined below). Ansley beneficially owns or has control or direction over 38,129,418 shares of Eurasia, representing 24.9% of the current issued and outstanding shares of Eurasia.
The Bozymchak Project
The Bozymchak deposit of gold, copper and silver is located in the Alabuka region Jalalabad district, Kyrgyzstan. The deposit area occupies a part of the 1,600 hectare license area close to the Uzbek border. The deposit can be accessed by 16km of gravel and 24km of tarred roads from the Uzbek border. Heavy transport can reach the site on a year round basis.
The Bozymchak deposit was first investigated in 1951 by the Gava-Sumsar geological field party (Uzbek Geological Administration). The deposit was explored by a number of organizations from the 1950's to the late 1990's. The gold, copper and silver resources were not registered in Kyrgyzstan's balance until 2000, when a further estimate of the opencast 'resources' of the central section and a preliminary technical and economic assessment were made.
A licence for geological exploration was issued on February 3, 2005 and is valid until December 31, 2008. As well, a licence to develop the central part of the Bozymchak deposit was also issued and which is valid until September 5, 2008. Eurasia will indirectly acquire these rights as a result of the Acquisition.
As at December 2006, the Bozymchak Project had a measured mineral resource of 2,782Kt grading 1.55g/t Au, 0.85% Cu and 9.80g/t Ag for total measured resources of 4,308 Kg Au, 23 Kt Cu and 27 t Ag. Indicated mineral resources were 10,938Kt grading 1.49 g/t Au, 0.80% Cu and 9.45 g/t Ag for total indicated resources of 16,244 Kg Au, 87 Kt Cu, and 103 t Ag. There was an additional 7,909 Kt of resources in the inferred category grading 1.31 g/t Au, 0.73% Cu, and 8.72 g/t Ag for total inferred resources of 10,396 Kg Au, 57 Kt Cu, and 69 t Ag. All mineral resource and reserve estimates presented in this press release have been prepared in accordance with the JORC Code, which is equivalent to CIM standards.
The Bozymchak Project is the subject of a technical report entitled Technical Report on the Bozymchak Project, Western Kyrgyzstan (the "Technical Report") dated January 2007, prepared by Wardell Armstrong International ("WAI"), an independent mining consulting company, which will be filed with Canadian Securities Administrators (CSA) on the System for Electronic Document Analysis and Retrieval (SEDAR). The information set out in this press release relating to the Bozymchak Project is derived from the Technical Report.
The Akjilga Project
The Akjilga silver deposit is located in the Pamir Mountains within the Maunting Badakshan region, Tajikistan. The Akjilga licence agreement incorporates two separate areas, totalling 8400 hectares. The Akjilga property could be made accessible all year round, although additional operating costs will be incurred as a result of the high elevation and remoteness of the site. The region has been under systematic geological study since 1934. The majority of the exploration work at Akjilga was undertaken during the Soviet period and therefore much of the usual detailed sampling information and quality control data are not readily available or verifiable. The Soviet era prospecting was completed in 1992. All available data of the 1992 exploration report (in Russian) which contains all geological details, assays results and cross sections and plans showing the geological interpretation have been prepared according to Soviet standards and do not comply with reporting standards of Canadian securities laws and, as such, are not disclosed in this press release.
Mizek Project
Eurasia has commissioned Wardell Armstrong International Limited ("WAI") to undertake a re-classification of the sulphides deposit at its existing Mizek property to meet JORC standards and to produce a revised NI 43-101 technical report for the Mizek project. In 2004 Steffen, Robertson and Kirsten (Canada) Inc. ("SRK") completed a re-classification of the Mizek sulphide deposit to meet CIM standards based on a comparison between Russian-classified "Reserves" and NI 43-101, using a gold equivalent cut-off grade of 3g/t (based on both gold and copper mineralisation). The WAI JORC reclassification updates this work, based on a gold cut-off grade of 0.5g/t and a full remodelling of the Mizek suphides geological database, including new geostatistical interpretations from the resultant model and the transition between oxide and sulphide zones.
Based on the WAI reclassification, the Mizek sulphides deposit had a JORC measured mineral resource of 37Kt grading 1.59g/t for total measured resources of 59Kg, plus an indicated mineral resource of 6,452Kt grading 1.70 g/t Au for total indicated resources of 10,963Kg Au. In addition, the Mizek sulphides had 27,752Kt of resources in the inferred category grading 1.77 g/t Au for total inferred resources of 49,234 Kg Au. The Mizek oxides deposit had a JORC measured mineral resource of 5Kt grading 1.80g/t Au for total measured resources of 10Kg Au, an indicated mineral resources of 606Kt grading 1.89 g/t Au for total indicated resources of 1,145Kg Au and an inferred mineral resource of 1,012Kt grading 1.53 g/t Au for total inferred resources of 1,548 Kg Au. A revised NI 43-101 technical report for Mizek will be filed within the prescribed period.

Looks like there was a trading halt in EGX shares yesterday.I have not discovered what that was about .We are up 10% today but so are some similar stocks.

Price Projections
for This Year

First, silver can achieve another 30%-50% gain during 2007 rather easily in our view, which would propel the metal to the $18 dollar level at a minimum. All eyes are on the U.S. dollar, as they should be, and we think the "buck" may oppose the primary trend on a temporary basis and keep the metals somewhat cooler than they would be otherwise.
Most of the physical gold buying takes place in the fall, getting ready for the holiday season. However, we have noticed that silver seems to have good physical demand in the first quarter, which was particularly strong last year due to the anticipation of the silver ETF debut. We stated that once the silver ETF was launched, the price of silver would retreat, and it did.
During the Christmas holiday, the silver ETF obtained approximately 20 million ounces more of physical silver. This increased the holdings of the silver ETF by about 20% and took many analysts by surprise. As we have explained in earlier reports, it is very difficult to simply drop that much silver on a doorstep and have it moved into the vault. This may have been a large amount of silver that was encumbered by some type of paper contract that was already in the vault and was reassigned to the silver ETF. The original limit of physical silver for the ETF is 130 million ounces and we are approaching that limit rapidly. Barclay's has applied for additional amounts of silver, but the S-1 has not been approved at this time.
GFMS forecast that industrial demand for silver would slip by 3% in 2007. These types of forecasts are difficult at best and this one may be possible, but our focus and yours should be on the increase or potential increase in investment demand as well as industrial demand. CPM Group forecast early in 2006 that silver would go into a surplus in 2006, and we will not know statistics until April or May of 2007. Again, it must be remembered that silver prices went to $50 on a spike, but, more importantly, held an average of over $20 per ounce in 1980 for a full year. This was at a time when the money supply was significantly less than what it is today; in other words, $20 silver in 1980 is over $50 silver today if we adjust for inflation.
In 1980 there was 1.5 billion ounces more silver available, and the problems with the oil market and the U.S. dollar were miniscule when compared with today's problems. This logic implies that silver still has significant upside, even if the supply begins to increase slightly (about which, by the way, we have some serious doubts).
Moving into the first quarter of 2007 we still expect to see good physical demand and are expecting silver to get to the $18 level by April 1, 2007. This is not a forecast that is guaranteed, but it is our price projection. Our previous look at gold (year 2006 forecast) stated that we saw the $640 level being achieved, and obviously gold did better than that, but on an average weighted basis, that projection looks pretty solid.
Basically we see 2007 as a transition year where money is flowing around the globe looking for opportunity in an unstable world and thus more buying pressure will come into the precious metals sector. We also are fairly confident that much of the money will flow into the shares, and we are looking to see the shares outperform the metal in 2007. This is a rather bold statement based upon our introductory paragraph, but we strongly believe it to be valid.
One of the problems with the mining equities that we have hinted at previously is that they are all being diluted. First, many of the companies themselves are issuing more shares, which dilute the current shareholders-but more importantly, more and more new mining issues are hitting the market all the time. So as investors, we have more choices, but trying to sort out the winners in all the new issues is very cumbersome. Because more companies are being added continually, this dilutes the whole sector. This is similar to what took place in the technology sector as it became the "in" investment class, right at the top.
Truly, we think we are far from a top, and further strength will come into the sector through 2007 with a significant top in 2008, according to our analysis. Then we will have a high-level consolidation similar to what took place after the first major leg up, and many will get discouraged and leave the sector. This could take several months and we are preparing ourselves for the proper action our readership should anticipate, but our current feeling is that we are quite some time from that day.
Finally, once the second leg hits the top, probably near $1200 gold and $30 silver in 2008, be prepared for our analysis at that time. It may be prudent to build cash and lighten positions, waiting for the final blow-off phase. In this phase, the gains will be spectacular and gold will be jumping thirty to fifty dollars per day. Again, this is the long-term projection, but we want to put our readers into the proper mind-set because these major bull markets will shake off all but the most ardent of bulls and most people will simply not have the discipline to get back into the saddle (on the bull's back!).
We have noticed a few interesting facts about the silver market this year. First, both the silver ETF and the Comex holdings have increased. The amount of silver held between these two transparent sources is roughly 225 million ounces of silver. If we account for what Central Fund of Canada holds and a few others, such as the TOCOM and Bullion Management Services, we can build a case for more than 270 million ounces of Comex-acceptable silver.
The question becomes, Are the silver inventories really building, as suggested by CPM Group in the Silver Yearbook 2006? Frankly, we highly doubt it, but more mining activity is present now than it has been for quite some time. Even if silver bullion inventories were building, they would have to increase by sixfold or so to match the amount of gold bullion inventories.
So the real silver story comes back to our original premise that first, silver needs to develop a following as a viable investment. Gold basically has the intrigue and word-of-mouth appeal that investment demand has held sway with the public. This has taken place in the silver market now and we can watch the momentum build. Our verifiable facts are the creation of the silver ETF and the number of silver companies such as Silver Wheaton, Silver Standard, Silvercorp, and Pan American Silver, which have become household words among silver investors. Before this market tops, those names will also have become well known to the general investing public, believe it or not.
Editor's Note: David Morgan is editor of The Morgan Report, 21307 Buckeye Lake Ln., Colbert, WA 99005, 1 year, 12 issues, $129.99. The E-mail newsletter, provides economic news, overall financial health of the global economy, currency problems ahead. Morgan reviews current trends, long term fundamentals, and specific information required for any investor, especially the serious silver or precious metal investor.
David Morgan has authored the book, Get The Skinny On Silver Investing, covering important aspects of investing in silver, available for $9.95, E-version or hard copy at www.Silver-Investor.com. Considered a must for silver investors.

Fred Alger Management's Daniel C. Chung, Chief Executive Officer and Zachary Karabell, Chief Economist, offer their predictions for the 2007 U.S. economy and stock market.
Messrs. Chung and Karabell said, "As always, our perspective on what shapes the year is based primarily on what our analysts discern from the more than 1000 companies and the industries they cover. That means that we do not arrive at trends the way many strategists do, nor do we make investment decisions based on macro views. There are good companies generating returns and executing brilliantly in otherwise challenging industries and difficult economic climates. There are also mediocre companies in what would otherwise be favorable industries. It helps to be right about the overall picture, but getting the companies right is what should matter most to investors.

Economic Predictions for 2007

* Prediction #1. Global and domestic GDP growth will remain on their current trajectory, with the U.S. economy showing some weakening because of a challenging housing market (below 3% growth) and the global economy doing better than expected (still about 3.5%) because of robust activity in Asia and other areas of the world that produce oil and raw materials.
* Prediction #2. Neither inflation or wage pressures will increase. In truth, those are two sides of the same coin. Without wages and labor costs going up, there cannot be sustained inflation in the economy, because spending and wages represent the lion's share of the U.S. economy and of corporate costs, respectively. Unless wages rise, cost increases cannot be sustained, ergo no inflation other than energy prices and food.
* Prediction #3. The weakness of the U.S. housing market will not be a contagion that significantly hurts consumer spending. Whatever contraction occurs in some parts of the country will be more than offset by the astonishing wealth of the wealthy who will, in turn, spend considerably. That will not ease the burden for the sub-prime borrower who defaults on an ARM mortgage only a few years old, but it will lessen the impact on the economy as a whole.
* Prediction #4. Interest rates are not going up either on the short-end or the long-end. We remain confident that over the coming years, 10-year Treasuries will likely yield 3% rather than 6%, for the same reasons we think that there will be little inflation and few wage pressures. In a world where the companies we cover can increasingly go anywhere for capital and for labor, there is no shortage of either and that means there are no reasons for the cost of capital or the cost of workers to increase.
* Prediction #5. Corporate profits will remain high and margins will be surprisingly strong. Not for every company, of course, but we believe that they will for those companies of all sizes functioning in a global environment. Corporate margin expansion, however, is slowing and is unlikely to maintain the pace of recent prior years. But we believe reinvestment in growth opportunities, especially international ones, will be one of the (very good) reasons for this.
* Prediction #6. The relationship between national GDP figures and corporate profits will continue to break down. That means modest GDP will coexist with double-digit corporate profits and that the gap will remain wide.

Stock Market
Prediction for 2007

"Last year, we noted that the markets were trading below their fundamentals. Even with the Dow surpassing record highs in 2006 (up nearly 20%) and even with the S&P 500 and Nasdaq having very solid returns last year, we continue to believe that that the markets are trading below their fundamentals. Barring external shocks, the markets and the economy are more dynamic than not and offer more opportunities than risks," said Messrs. Chung and Karabell.
"The U.S. equity markets have room to grow. We have said that for the past four years and have been correct. This is not bullishness for the sake of bullishness, nor is it optimism about the U.S. economy per se (there are enough issues and imbalances to keep any such optimism in check). This is a golden period for capital and for companies engaged in global business. The political backlash against that, and the inequalities (real and perceived) that come with it, are certainly concerns for the markets in the year ahead, but we doubt that politics will derail these trends anytime soon," concluded Messrs. Chung and Karabell.

Not my market comments.
08th February 2007:
-------------------

Gold Stocks represented by HUI and XAU are continue to underperforming Gold and silver itself. Europe’s biggest bank, HSBC announced that its charges for Bad Housing Loans would be more then $10.5 billions due to problems in US Mortgage Book. Last year H & R Block announced similar problems. Slowly we are going to see escalating problems with US housing.

Euro Zone announced that they are keeping the interest rates intact. Soon we may start hearing about the need and possibilities of cutting interest rates. Yes not .25 increases but .25 decreases. Reasons are to boost the slowing economy or to boost sentiment in housing sector.

There was important news: A grand jury indicted three Army Reserve officers and two civilians Wednesday on charges they steered more than $8.6 million in Iraqi reconstruction funds to a contractor in exchange for kickbacks that included vehicles, jewelry and real estate.

This is one of the reasons why world wide demand for Stocks and Real Estate. War money is chasing all assets classes around the world.

Satyam Computers India’s outsourcing company announced that they are starting a data center in China. This is the beginning of over heated Indian Software Industry to look at alternative countries to cut their costs. Chinese manufactures may be also looking for other cheaper countries to have their manufacturing facilities.

In my opinion we have to wait for buying opportunities for precious metal stocks and US NASDAQ Stocks. Rotation from rest of the world is way over due and we may see predictions for NASDAQ over taking its historic peak.

No I cant phone them.I am in NZ at the moment.
http://www.investorshub.com/boards/read_msg.asp?message_id=16960996
The HUI chart and comments look good for QEE.

Everyone hold your breath.Today is feb 11 in Iran.Iran's giant acheivements could be revealed any minute.The experts have been telling us they cant be ready to test a nuke yet.Something like that would send the gold and oil up?

Hmmm.I wonder if that is a good reason to sell?Get out before your broker gets confused and messes up your account/charges fees?

QEE is an AMEX stock.I expect it to remain so.I do not know if they will change the ticker when the deal is completed.

Heh heh
Where can I buy shares in IMOD?Its sure to be a multi bagger ,right?
These guys are so brilliant.Whats the problem with them having nukes?

DENVER and VANCOUVER, British Columbia, Feb. 5 /PRNewswire-FirstCall/ -- Queenstake Resources Ltd. ("Queenstake") (Amex: QEE - News; TSX: QRL - News) and YGC Resources Ltd. ("YGC") (TSX: YGC; F: ZH6) are pleased to announce that they have agreed to combine the two companies to create a new publicly traded company ("Newco"). The business combination is proposed to be structured as a plan of arrangement, but other structures are being considered. Under the agreed upon terms, shareholders of YGC will receive one common share of Newco for each share of YGC held, and shareholders of Queenstake will receive one common share of Newco for each ten shares of Queenstake held. Outstanding warrants and options in each company will be exchanged on the basis of the same ratio.
ADVERTISEMENT


The proposed transaction will combine Queenstake's and YGC's mineral property interests throughout North America to create operating efficiency with emphasis on production from the Jerritt Canyon Gold Mine in Nevada, and the advancement towards production of the Ketza River gold property in the Yukon. The business combination will yield benefits to the shareholders of Newco by providing a greater asset base and capitalization, creating operating synergies and efficiency, reducing overhead and creating a broader share trading market with the potential for greater liquidity. In addition, the transaction will allow an aggressive and sustained exploration program throughout the extensive and prospective land packages that will be wholly owned by Newco in Nevada and the Yukon.

Thanks for that Basser.I dont have any spare cash but have been wondering if I should switch out of First Majestic which hasnt done well since they had bad drill results from one of their mines.I am confident they will do ok longer term and they only have 1/4 the shares of ECU.
Wish I had got into IPT before it jumped recently.
Wouda,couda,shouda.....

Not my market comments.
2nd Feb 2007:
-------------

We see what we wanted to see. This is the biggest drawback of Investing in Stocks. We will do either mistake in identifying the bottoms or identifying the Tops. Recently we have inductions for both directions. However gold stocks are underperforming the gold itself. That rings alarm bells.

Pro for Gold is the normal permanent reasons like inflation, investors desire to diversify from USD, risk of world terror, risk of wars etc . However the reasons against are glaring and very powerful. World Stock Markets are way over heated, Money supply is extremely high, bullishness is at its peaks, more important is Ben Bernanke is not willing to raise interest rates because his indicators are saying that there is no inflation. Raising interest rates are always short of real inflation. That difference adds to the price of gold by appreciating.

Many analysts are expecting correction but it is not happening. China has created correction by warning that stocks are over priced. That way Chinese are better as they wanted their investor to be practical.

Recently there was news indicating that IMF wanted to sell its gold. WOW that is big news against gold and gold stocks.

Let us wait for few more days or month to load up again. In the process we may miss one opportunity nothing more

How high can oil go in the next couple of years??

http://www.barrelomoney.com/oilrogers.html

Back to Oil Alerts Main Page

Latest T Boone Pickens comments

Steven Voss. $100 Oil Sure Says Jim Rogers;
Merrill Lynch Demures, Bloomberg, July 25, 2006/

Jim Rogers, who wrote Hot Commodities and is
chair of Beeland Inc. says oil prices will reach $100
a barrel this year.

Merrill Lynch & Co.'s Francisco Blanch says no way.

Rogers said, "Unless somebody discovers
something very quickly we're all going to be
dumbfounded at how high the price of oil will go."

Not to worry Blanch, the head of commodities at
Merrill Lynch, the world;' biggest broker said. He
said. "its unlikely we will see another rally from here
unless the current conflict expands beyond its
current borders. You'd need physical disruptions
and large ones to bring the price to $100. You'd
probably need to lose Iran."

A growing number of US traders are siding with
Rogers. Bets on futures contracts for $100 oil
tripled in the past 3 months, helped by demand for
fuel from China, the world's fastest growing major
economy.


Oil prices have rallied 28% this year. Oil has tripled
in 4 years and gasoline pump prices have hit $3 a
gallon in the US, threatening economic growth.

Rogers says the rally will accelerate as supplies
decline from aging fields and reserves become
more difficult to find,

Phillip K. Verlager, economist and energy
consultant said, "Commodity investros looking for
$100 oil will see it." He said only a recession can
stop $100 oil.

Oil prices also have climbed because of pipeline
attacks in Nigeria and concern Iran might cut
exports. Iran has the world's 2nd largest oil
reserves.

OPEC countries are pumping almost as much as
they can and US inventories are swelling. The
Energy Department says US stockpiles are about
10% higher than the average for the past 5 years.
Investment in new rigs and refineries is paying off.

Tim Evans, energy analyst with Citigroup said $100
oil is "a very low probability." He said, "The market
and editorial focus is on the $25 upside risk to
$100 rather than the $25 downside risk to $50.
That's the kind of sentiment most common at tops."

The $100 level became a market benchmark in
March 2005 when Goldman Sachs analyst Arjun
Murti wrote "we believe oil markets may have
entered the early stages of a 'super spike' period
which we now think can drive the price of oil toward
$105 per barrel." The report indicated a range of
$50 to $105 through 2009.

Louise Yamanda, an analyst who correctly
predicted in July 2004 when oil was at $40 that oil
would reach $67 within "months to years" said she
expects oil to reach $84 a barrel in the "short term"
then keep rising. It hit $67 a barrel in August 2005.
She said, "I wouldn't be surprised to see oil in the
excess of $100."

Barclay's and Goldman Sachs both raised their
2007 oil forecasts to $68 and $68,50 respectively.

Paul Horshell, the 2nd best oil forecaster surveyed
by Bloomberg last year said oil could hit $100. He
said, "Crude oil prices from the 1st quarter of 2007
are already trading at $80 a barrel so to go to
$100 would be the same as getting to $25 when oil
was at $20 and there are a number of events that
could do that."

Rogers said declining supplies of existing fields
and a lack of new oil discoveries will drive prices
higher. He said, "The bull market has about 10 or
15 years to run. How high its going to go, I don't
have a clue during that time, certainly over $100 a
barrel or over $150 a barrel before its over."

Basserdan ,do you see ECU as the best silver stock at the moment?Do you see anything better,or as good as,ECU?

Seems like Vaalco was not awarded any north sea blocks.Some think this is good.Why get invoved in the north sea game?Big hits are possible in Angola and Gabon.

knock knock
who dere?
ctum
ctum who?
ctumore posts on dis forum?