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Gold and silver sector looks strong in premarket
Today's buying mostly by stock promoters as front buying before releasing SNEY in the newsletters.
this week it might hit $0.05
Right, next PR will release soon, might be tomo
Run shorty Run........here we come
SNEY is a Christmas gift for all!!!!
SNEY The Sleeping Giant, will awake soon
Survey Says: Investors Prefer Precious Metals
http://resourceinvestingnews.com/10323-survey-says-investors-prefer-precious-metals.html
SNEY is a solid opportunity that we could see continue to have impressive momentum. This stock in power trends tend to receive a great deal of attention!
SNEY is receiving a great deal of attention. I believe SNEY could see this uptrend continue to power higher.
SNEY is very strong trading above it's 5, 50, & 200 day moving averages so the momentum to rally higher is fully behind us!
Jr. gold mining stocks can be volatile and risky but the upside can be explosive. Jr. Gold Mining Stocks Have Been Racking Up Spectacular Profits but to see those amazing type gains you have to catch them early. That's why I'm telling you to always do your research fast.
Some other miners have seen incredible rallies:
192% gain in just 9 months on Lake Victoria Mining!
210% gain in just 3 days with Molycor Gold Corp!
In just 13 months Kirkland Lake gold was up 308%!
Rubicon Minerals was ahead by 552% in 14 months!
Could this Jr. Miner SNEY be next monster?
GOLD is hovering right at historic highs and looks like it may breakout again!! Since SNEY is on the verge of production it may be the fastest way to get involved with the Gold craze besides buying physical bars of gold.
With SNEY -----Near short term you can expect about 500% to 1000% returns from these levels.
Will SNEY take a buyout offer?
NEW YORK (TheStreet ) – Gold prices have rallied more than 20% for the year, which has ignited a flurry of mergers and acquisitions in the gold mining sector. The trend prompted investors to speculate on the next takeover target and they have set their sights on SNEY
SNEY chart looks nice........Beautiful....just stunning.
investors getting serious about SNEY!!! good sign
JP morgan may go for bankruptcy due to huge short selling of gold and silver. Current demand vs production of gold and silver not in line.
http://www.guardian.co.uk/commentisfree/2010/dec/02/jp-morgan-silver-short-selling-crash
The Smart Traders and Mad Money pouring into SNEY !!!
Shorts are not in control now !!!!! breakout imminent
China and India Race To Amass Gold Reserves
http://blogs.forbes.com/robertlenzner/2010/12/03/china-and-india-race-to-amass-gold-reserves/
Have a good and safe trip shorters and MMs ...SNEY run will start soon.
SNEY Rocketship
The beauty of SNEY is that it can be anything you can imagine.
Vertical
Heading for penny+++ land soon.
I am still bullish on REE
6th of 30 Reasons why SNEY will skyrocket
1. Management
2. Verge of production
3. GOLD
4. Developing Mines
5. The Crown Jewell "REE"
6. Growing Reserves
The trend has been established to reward scarce to find gold and REE reserves.
From the desk of: Kevin McElroy
Editor, Resource Prospector
Friday
December 3, 2010
Gold Breaks $1,400 on Jobs Numbers, China, and Europe
The strong gold bull market of 2010 resumed today with gold rising above $1,400
The spot price for gold was $1,413 as of 4:00 p.m. eastern time. Gold hit all time highs in November then backed off as the dollar gained strength primarily due to weakness in the euro. Today gold retraced back to over $1,400 on labor department numbers showing anemic job creation and the revelation of China's gold import numbers.http://img.bfpublishing.com/goldbars_192.jpg
The Labor department announced employers added only 39,000 jobs in November, far below analyst expectations and the strong gains of 172,000 in October. The overall unemployment number crept closer to 10% as it rose to 9.8% after months of holding at 9.6%.
Gold and other commodities priced in dollars have a tendency to rise in value when the U.S. dollar falls relative to other currencies. Many investors also consider it a "safe asset" to hold when there's uncertainty in the stock market or the dollar, or both.
Another factor helping to prop up gold prices today is the revelation that China purchased five times as much gold in 2010 as it had in 2009 and shows no signs of slowing down. Previously a closely guarded secret, the amount of gold purchased by the Chinese has confirmed the suspicions long forwarded by many commodities experts.
China's state-run Xinhua news agency reported that 209.7 metric tons of gold were imported by China from January through October of this year, representing a fivefold increase of the year ago period. Previously most analysts had no idea exactly how much gold was imported into China.
Many analysts are calling for gold to climb to $1,445 in the near term and Wyatt Investment Research's Ian Wyatt remains confident it should hit $1,500 by the end of this year. This would set the stage for the next leg up to $2,000.
"Between this new revelation about China's gold consumption, ongoing problems with European sovereign debt, and downward pressures on the U.S. dollar, gold prices are reacting positively. This is a great time to be a gold and gold stock investor. Any investor who thinks he's "missed the boat" on this gold rush needs to seriously consider gold and gold stocks as a vital component to a profitable portfolio," Wyatt recently said.
He's also recently released new, proprietary research on a gold stock paying a whopping 8.9% dividend. This stock has doubled this year and analysis indicates that it's set to double again in 2011.
If you're interested in a solid, consistent 8.9% dividend from an outstanding gold stock you can request your copy of the report. CLICK HERE.
Best Regards,
Kevin McElroy
Editor
Resource Prospector
For a solid and stable Gold Investment for the medium to Long term SENY is the stock everyone should have in their portfolio. SNEY will be written on newsletter so expect more buying throughout next week.
always do your own dd
It looks like the Market makers are once again ready to let SNEY run possibly much higher this time. With the Xmas holiday season nearing 'm convinced that SNEY has some big news and dredging/production ready anyday now. I still stand firm that SNEY will surprise many in the weeks to come and these low prices make a great buying opportunity.
GOLD Surging
Gold futures moved inversely when compared to the S&P 500. The poorly received unemployment report sent gold surging higher. Previous analysis has indicated a head and shoulders formation on gold’s daily chart, however if gold’s price continues higher it may challenge recent highs and overhead resistance. With continued concerns in Europe and the pullback that we have seen the past several days in the U.S. Dollar, it would not be shocking to see gold continue to rally to new highs. However, at this point in time there really is no low risk trading setup for those that are sitting on the sidelines.
right. will be very good play
With gold and silver shooting higher today, King World News interviewed Ben Davies out of London. When asked about the action in both gold and silver Davies stated, “We are on the verge of seeing a potential massive squeeze in the gold market. We witnessed this last month, and it appears to be rehearsing for the same play this month. Physical demand out of Asia is overwhelming the egregious paper gold shorts. If we are thinking this for gold, it is cubed for silver.”
Ben Davies continues:
“Even with deficit financing in the US, the authorities can’t create any job growth. People around the world are tapped out because of debt. The anemic jobs growth, although a lagging indicator, was more significant for the rise in the unemployment rate and the low average hourly earnings. The US is not going to be able to grow themselves out of their debt to GDP burden. The only way to grow nominal GDP is to continue debasing the currency through worldwide quantitative and qualitative easing.
Just when investors thought the US was poised for growth to help ameliorate the structural issues in the eurozone, the payroll numbers put pay to that. It’s no wonder the Chinese, as we discussed in the past, have now imported five times the amount of gold in 2010 than they did in 2009. The Chinese like to buy gold on the dips, they don’t like to go chasing the market. Just like they used to buy US bonds, now they are buying gold. As the recent PBOC spokesman implied, they are going to continue to divest their dollars into gold as a monetary asset.
So for now the downside is stymied in the physical bullion market, and with a large open interest in the $1,400 calls on the paper Comex gold market, we could see a repeat of the $1,300 call squeeze that we saw last month. The more we create value above $1,400, the more likely the market will act short on the paper side, and we could start to see the $1,600 levels that we discussed in previous broadcasts by year end, and perhaps with an overshoot to $1,800. One must always be wary when implied volatility levels are so low in such a bull market, and with so much uncertainty in the global economy, and its underlying fiat currency system.”
Undervalued Juniors
So many companies popping out now, question is...which ones will outperform in 2011. I do reiterate my SNEY target of $1.
SNEY is still looking good with a few profit takers now. Think it will return to it's best days at or above.....
Bullish closing price
Wow!!! We're going to higher for sure.
Are rare earth elements really rare?
http://www.foreignpolicy.com/articles/2010/06/15/are_rare_earth_minerals_actually_rare
Market Makers can move a price in either direction, although taking it down is a bit easier, imo. They buy and sell between themselves, low ball the current ask price, or let a stock run as they want.
We're only a few short weeks away from production startup at which time pps goes way up