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Don't see the corrollation. NTO and AUY both down slightly today.
Triple normal volume, up 23%. Preliminary indications of good news.
That would work. After market close Friday PR then Tuesday PR on dividend details.
Here's to a great week upcoming... news on the producton numbers, and clarification on the divy. We should also get confirmation on the expected size of the three monthly shippments. Usually before a PK company announces big news, there is a minor selloff, as share holders hedge their exposure to the possibility of dissappointing news. I'm hoping that was what Friday's action was.
Not that it matters. But the MMs are probably shorting the shit out of this right now.
Look's like we're in the right market, now we just need solid and verifyable production numbers:
By Simon Constable
TheStreet.com Staff Reporter
12/28/2006 12:50 PM EST
Click here for more stories by Simon Constable
Gold prices look set to rocket in 2007 with a sickly greenback and geopolitical tensions topping the list of driving factors, according to a broad cross-section of bullion market watchers polled by TheStreet.com.
The whole group, which includes miners, a portfolio manager and a coin dealer, sees the possibility of spot prices breaking through the 2006 high of around $725 an ounce, reached in May. Gold for immediate delivery sold for around $630 in late December, having risen from $520 in January.
What will be interesting to see is how well the group fares when compared with those surveyed for the annual London Bullion Market Association forecast, expected in mid-January.
Last year, most of those canvassed by the LBMA, a group dominated by bankers and consultants, woefully underestimated the extent of the rally, with an average forecast of $534.94. Instead, through Dec. 28, spot gold had a mean price of around $600 an ounce.
TheStreet.com asked a sample of experts how readers might best position their gold investments during the coming year based on their forecast. Each will be periodically revisited to see how the different scenarios are playing out.
Well-known gold bug James Turk sees an average price of $725 next year with a low of $600 and a top of at least $1,000. "The key here is that not that gold is going up, it's that the dollar is going down," says Turk, who explains that the budget and trade deficits will weigh heavily on the greenback.
Look for a first-quarter spike to $850, he predicts, but he acknowledged that he expected a similar high this year that failed to materialize.
He recommends investors hold at least 10% of their assets in physical metal. Products like the bullion ETFs, streetTracks Gold Shares (GLD - commentary - Cramer's Take - Rating) and iShares Comex Gold Trust (IAU - commentary - Cramer's Take - Rating), and mining stocks, aren't really the same as owning gold, but rather are "trading vehicles," he says.
Turk's company, GoldMoney, holds bullion for investors in segregated accounts in a London vault. He owns physical bullion, but neither ETF.
Frank Holmes, the chief investment officer at U.S. Global Investors and team leader managing the U.S. Global Investors World Precious Minerals Fund, sees a high of $720 to $800 next year for gold, but not before a first-half correction as the dollar stabilizes.
With low inflation, the dollar is yielding a good real rate of return, says Holmes. He sees price support for bullion at around $580 to $600, with an average price of $680 through the year.
Longer term, he says, diversification by central banks -- China and Russia in particular -- will provide solid demand, and strong jewelry buying should return as consumers become accustomed to current prices.
Holmes recommends buying in-the-money long-term options on Newmont Mining (NEM - commentary - Cramer's Take - Rating) if the price pulls back. He warns investors to avoid the out-of-the-money LEAPS, saying they're too risky.
His other picks include miners Northern Orion (NTO - commentary - Cramer's Take), Meridian Gold (MDG - commentary - Cramer's Take - Rating) and Randgold Resources (GOLD - commentary - Cramer's Take - Rating).
"Look for companies that have high return on capital," he says.
At the end of September, the World Precious Minerals Fund held stock of Northern Orion, Meridian and Rangold. A spokesman for the company wouldn't comment on the Newmont LEAPS.
Jeff Christian, managing director at New York-based specialty consulting firm CPM Group, says many investors see a world full of economic uncertainty, which will help boost gold prices to a peak of $750 during the first quarter.
Christian was the only person polled by TheStreet.com who also took part in the 2006 LBMA survey. Last year, he was the most bearish of the lot, with an average price forecast of $479. For 2007 he's clearly more bullish, at least for a while.
"There is a lot of concern that the dollar will just fall and fall and fall," says Christian. But "over the year that view will shift," with investors growing more sanguine, which should lower the risk premium for gold.
After a spring spike he sees prices for gold drifting down to $500 by year-end, with a full-year average of $600.
Clients should be "long commodities and [gold mining] equities. Eventually, though, investors will want to rotate out of out of commodities while staying in the equities, adds Christian.
He favors AngloGold Ashanti (AU - commentary - Cramer's Take - Rating), which he owns, and Barrick Gold (ABX - commentary - Cramer's Take - Rating), which he does not.
Jamie Sokalsky, CFO of Barrick Gold, sees the price going through $730, but didn't want to specify further, although he's clearly bullish. In addition to a declining dollar, he sees the political "powder keg" in the Middle East and the added uncertainty of a nuclear North Korea supporting prices.
"If the U.S. pulls out [of Iraq] there could be some additional conflict, and any uncertainty resulting from that could be positive for the gold price," says Sokalsky.
Pierre Lassonde, chairman of the World Gold Council and outgoing president of Newmont Mining, predicts a range of $600 to $800 for gold next year, with an average of around $675.
"I see the dollar continuing to go down against a basket of currencies, including the euro," says Lassonde, who adds that "80% of the value of gold is the dollar."
Other bullish factors include declining mine production and rising investment demand, says Lassonde. He notes the Gold Shares ETF now holds more than 450 tons of bullion, and he's looking for continued investor diversification into the yellow metal.
At the time of publication, Lassonde was long Newmont stock
Neal Ryan, director of economic research at New Orleans-based coin dealer Blanchard, sees a high of about $825 to $850 an ounce for gold, a floor of $615 and an average price of $725.
The rally will be driven by Middle Eastern problems, as well as burgeoning inflation and a weak dollar. He recommends holding physical bullion rather than stocks.
"With stocks you have a proxy," for gold, says Ryan. "When you look at a mining stock vs. physical [metal] , you have to look at a variety of other factors," such as costs, management and operational risk.
He advocates precious-metals holdings of no more than 5% for most investors.
Blanchard, which is currently long physical gold, trades bullion for its own account as well as for its clients.
LOL, Scorpio's not PV. But you can chase your tail in circles if you wish.
BTW, last week I sent an e-mail with some questions to the updated website's investor's contact. No reply.
I would think being off the short list is a good thing. No reason for MMs to keep the PPS down. Let it run with supply/demand.
That was my 7100 buy at .11.
I'd say this is alot more complicated than your simple answers suggest.
Even if those minutes were correct. They wouldn't cause the stock to go from .105 to .02 overnight. Get my drift? Is that why your still here Janice?
Total bullshit over simplification answer. lofl.
Twenty different theories. Why would you over simplify an issue like that?
Any mention on why the PPS tanked on Nov 16th?
That would be sweet.
Any old timers here care to speculate on what to expect tommorow?
Got in about 5 minutes after the PR.
ONYI outlines vision for upcoming mergers:
Diversified Ethanol / Originally New York, Inc. Begins Affiliate Program
Friday November 17, 4:30 pm ET
CHICAGO--(BUSINESS WIRE)--Originally New York, Inc. (OTCBB:ONYI - News) has announced that it has established a growth program for profitable acquisitions, including ethanol companies wishing to "go public" by way of merger, or other solid businesses with growth potential.
ADVERTISEMENT
Diversified Ethanol would like to be a consolidation company, operating as a coop for ethanol companies. Merging not only provides market gains, but also provides group buying power, and ensures that all participants have access to shared information. As the parent company acts as an information hub, all ethanol plants can improve profits with strength in numbers.
All Diversified Ethanol customers will be allowed the opportunity to merge their ethanol plants into the parent company, providing more earnings to the parent company, and better support and service for acquired companies.
The business referral program rewards businesses or individuals who help the company grow. ONYI offers referral fees or equity participation on a case-bay-case basis. Please be sure to read the business principals and ethics on the company web site, which are at the core of how the company operates.
If you know of a possible merger, acquisition, or opportunistic bargain, please email contact information with a brief summary outlining deal to: info@ONYIonline.com. Good acquisition candidates should offer security, growth potential, and earnings.
For more information about Diversified Ethanol, please visit the company web site at www.diversifiedethanol.com.
Originally New York's web site is at www.onyionline.com.
ONYI.OB has 42.97M outstanding shares with a float of 4.54M. Looks like an aquisition agreement.
What is USSE's outstanding shares/float?
Any communications with IR to explain the deal better?
The numbers do look great.
OK, is it easier to get answers by phone call, or e-mail?
My question is, has anyone verified this obvious mistake through the company or their IR. I haven't tried contacting them yet as I am new. Thx.
That was my small buy at .11. Has anyone been able to clear up this discrepancy?
"Could be 80,000 Kilotons (80 Megatons) which would then equal 80,000,000 tons. Since Russians use metric, I don't understand the confusion since metric and English tons aren't that far apart. Couldn't be 80,000 tons since that would be only about one good barge full of tailings".
That would be a great tax right off. I'll pursue it further if it is determined that wrongdoing took place. I'll keep your post.
Good info Jannie, but the line that reads: "Your investment was illegal in the state where the theft took place".
Shouldn't that be "your investment was legal in the state were the theft took place". Because if not, than it wouldn't apply to us. Right?
Well said Airys.
In our recent PR it was stated:
The Company has learned that the SEC has implemented the Short Sale Threshold rule on its stock which is the result of excessive naked shorting on its securities. Although the Company regrets that such shorting exists, it is very positive that no further shorting shall be allowed to affect the positive developments ahead.
What exactly is the "short sale threshhold rule'?
If you check the link below it shows AURC as:
AURUS CORP (AURC) OTC Type: Other-OTC
Short Interest for December 2006
Short Interest 64,571
Percent Change 5,442.58
Average Daily Share Volume 1,567,285
Days to Cover 1.00
NASD Rule 3360 has been expanded to require NASD member firms to report their short positions on all over-the-counter ("OTC") equity securities to NASD Regulation, on a monthly basis. Once the short position reports are received, the short interest is then compiled for each OTC security.
Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date.
http://www.otcbb.com/help/cms_includes/OTCE_Short_Interest.stm?symbol=aurc&SettlementDate=12%2F1...
I guess that's the real 2006 financials.
Any educated guesses on when we get our next update/PR?
Newby here. Has anyone gotten any update/comunications other than the PRs on how the processing is going? Thx
You are very close to what is happenning here. Very close.
Hockmir, I received the same type of PM from this sad individual. Sad and telling. Iggy is the only solution I have for such an obviously warped personality.
Good finish.
Simple and sad but true.
Thx Mill, very pertinant info.
Good post jk21, obviously you have been keeping up to speed.
ROTFGLMAO.