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"Bear Stearns leads the default hit parade with JP Morgan Chase, Merrill
Lynch and Citigroup in hot pursuit. Countrywide Financial, the largest
mortgage lender, has $110.1 million of foreclosed real estate at the end of
March, quadruple the $27.4 million it held just three months earlier" That
statement was from last July.
The house of cards is bucking a stiff wind. In addition to the real estate
defaults Bear Stearns is a huge gold hedger. Several months ago BS paid 3.2
billion dollars to rescue just one of it's hedge funds. Heads are about to roll except that I didn't think that it was
going to happen this fast.
Bobby, my favorite speculative silver mining company is SRLM (Sterling) for the simple reason that they bought the old Sunshine Mine for cash and there is still a mountain of very rich ore in that area. They are current in very good shape financially but are still in the net loss area. This should change this year and should significantly improve the bottom line later this year. I also like the low amount of O/S.
My favorite mining company is GG (Goldcorp). They have hundreds of millions in cash and pay a monthly dividend. They are mainly a gold mining company but do have silver.
I also like HL and CDE. These companies have already had significant gains in stock price but I believe that they have a long way to go. Remember that I am a long term investor and do not trade daily.
All silver lease forward rates have increased for the third day in a row. For the 1st time in weeks the bullion Banks are no longer paying the paper players to enter contracts. The rates are still within reason but if this continues there will be a sharp spike in the price of silver in the very near future.
Today gold closed up $11.70 at $995.10 and silver closed up .55 at $20.56. So far this week gold is up $22.70 and silver is up .42.
I just saw that it was down about 6.5%. Someone might make some money here but the in and out would be very difficult.
So far this year gold has gained 18.7% and silver 40.2%
There will be short dips on the way but I agree that it will go much higher.
Currently silver is up .85 at $20.86 in London.
Today gold closed up $10.20 at $983.40 and silver closed up .35 at $20.01. So far this week gold is up $11.00 and silver is down .13.
Penny, here is just one of many cut and pastes that I can offer you. If you want more just ask.
*
Company Notes
o Formerly=New Capital Funding Corp. until 10-07
o Formerly=First Guardian Financial Corp. until 5-07
o Formerly=Viyon Corp. until 7-05
o Formerly=Millennium Direct, Inc. until 5-04
o Formerly=Kid Rom, Inc. until 11-99
Penny, I post facts. If you don't think so take a good look at their past performance, their reverse splits, their name changes and their continual increase in the amount of outstanding shares. Apparently you are unaware of the meaning of DD. Prove me wrong! If you wish I can cut and paste the DD. I wish you luck. You will need it with this company.
Nothing good. The management likes to play games with the outstanding shares by having a small forward split and then a large reverse split. The company has changed names at least five times and had the last R/S of 1 for 80 on October 29,2007. It appears that the company survives by selling shares to unsuspecting investors.
Today gold closed up .20 at $973.20 and silver closed down .02 at $19.66.
This morning silver was up as much as 63 cents before the Bullion banks took over. Currently silver is down 20 cents for an 83 cent swing in an hour and forty minutes.
Today gold closed up .60 at $973.00 and silver closed down .46 at $19.69 after being down as much as .94. The paper players are still scrambling and losing billions while trying to satisfy their short contracts.
Kevin, I also remember Gemz who hyped CSHD for months. I tried to tell him what was going to happen to the stock ie; drop to sub penny. It was one of the most over-hyped stocks I had ever seen. Gemz posted that he was adding to his holding at $1.21 and the drop to that point was a buying opportunity. Nothing could have been further from the truth. CSHD now trades at .0015.
Kevin, we tried to tell people about those two stocks for months. USC student claimed to have a business that he was mortgaging and putting all of the money into SHRN. He changed his name a couple of times and then was never heard of again. I remember when Markmeniss was pushing SLJB and PLNI and about the same thing happened to them. I would put up only facts and he called me several uncomplimentary names but would not stop hyping them. After a tremendous decline he disappeared without a trace and without an apology.
Atotalbum, I have been pushing silver for several years. The reason is that silver has always out performed gold in a bull market. Up to this point an equal amount invested in silver and gold would put silver over double the amount you would have in gold and it is getting to be more every week.
It looks like some profit taking hit platinum today. Platinum was down $136.00 at $2,025.
Maybe we should put this in perspective. You've hyped three stocks prior to your current HNSO. Remember ETLC? You hyped it for about a year. The price a couple of years ago was around .15 and now lingers at .05. Remember SHRN. You hyped that stock for months. The stock was around .15 and currently trades at .002. Perhaps you remember GMTH. While hyping that stock you said "Who wants to be a millionaire". I warned about a reverse split and shortly after it happened. Their symbol is now GBMR Global Matrechs was trading at about .12 and closed today at .001. I doubt if you will ever listen to someone with over 50 years experience but hopefully you will quit supporting Pink Sheet management teams. I wish you luck but I doubt if you will find it with HNSO.
Today gold closed down $1.50 at $972.40 and silver closed unchanged at $20.14. For the week gold closed down $1.90 and silver closed up .33. During the past 12 weeks silver went up 10 times and down twice. The up average per week was .659 and the down average was .13. During the same time period gold went up eight times and down four times. The up average per week was $26.72 and the down average was $8.77.
The Bullion Banks are losing billions and getting desperate. All lease forward rates are in the negative with the exception of the one year rate which is very close.
Me neither.
It didn't take long for the NY metals market to knock silver back by 67 cents.
The bullion banks are so desperate that they are paying the paper players to enter into short contracts to attempt to knock the price down. All lease rates are negative except the one year rate and it is not far away.
Today gold closed down $15.40 at $973.90 and silver closed down .65 at $20.14. So far this week gold is down .40 and silver is up .33.
Today gold closed up $25.00 at $989.30 and silver closed up 1.04 at $20.79. This is the 1st time silver has closed up over one dollar since 1980. So far this week gold is up $15.00 and silver is up .98.
Kevin, with everything that is happening I believe that from $50.00 to $100.00 is very possible. The shorts will be scrambling for several weeks and the supply/demand deficit continues. A deep recession could change things a bit because of the thousands of applications that silver is used for in our lives with more being added all the time. An economic slowdown could lessen the use of silver.
Kevin, the paper players have lost over a billion dollars in the past two weeks. I mentioned in an earlier post a few days ago that there would be some fairly large banks go bankrupt this year. It may happen earlier rather than later. I once said that I like the five figure weeks but I like the five figure days even better.
This morning silver was as low as $19.52 before rebounding to the current $20.10, up .35.
Today gold closed down$19.20 at $964.30 and silver closed down .56 at $19.75. So far this week gold is down $10.00 and silver is down .06.
Kevin, the paper players have really been struggling to get their short contracts covered.
In the past few minutes silver has dropped over 60 cents to $19.86 or down .45.
Gold and silver are currently doing well in London. Silver is up .21 at $20.52 and gold is up$3.90 at $987.40.
TCLT appears to be a stock selling machine that has no income and owes many times what the entire company is worth. I would be very careful of a short pump and dump.
Today gold closed up $9.20 at $983.50 and silver closed up .50 at $20.31.
Right. I remember when a man named Harvey and some woman from the Netherlands was touting the stock as the best investment of the year.
Tsafi, that stock's management makes a living by selling stock and reverse splitting. GRMU has had about a half dozen reverse splits with two of them being 1 for 25,000. The company has always owed several times what the entire company is worth and rarely has any revenues.
Silver and gold are off to a good start this morning with gold currently up$6.60 at $980.90 and silver up .35 at $20.16.
Egyptian gold demand to grow strongly
Dubai: Sun, 02 Mar 2008
Egypt's gold demand is likely to continue double-digit growth over the next five years as its economy expands, a World Gold Council official said.
"The market in Egypt is doing really well," Moaz Barakat, managing director of the industry-funded World Gold Council in the Middle East, Turkey and Pakistan, said.
"The economy is improving, many tourists are buying gold, and the government is reviving the market," he told Reuters.
By Atul Prakash in London
March 01, 2008 09:14am
Article from: Reuters
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GOLD set an historic high above $US975 ($1048) overnight, propelled by speculative buying on the back of record high oil and a lifetime-low US dollar against the euro.
The metal pared gains later as some investors took profits, but market sentiment remained bullish. Silver jumped to a 27-year peak near $US20 an ounce before falling, while palladium surged nearly 4 per cent to its highest in more than six years.
Gold set a record for the third straight day, hitting $US975.90 an ounce before falling to $US971.10/971.85, versus $US968.90/969.70 in New York late on Thursday. It has risen 16 per cent this year on the top of 32 per cent rise in 2007.