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married? what does that mean lol
True Ive been trading this one since $1.50 making bank so just looking for a flip, Have a buy in for 50k at $2.40 it is drops
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mixed feelings like bin laden driving off a cliff in my maseradi
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I can't decide if it hit bottom in the $2.60's or if it has room to add below $2.50
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Following your lead
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Very nice work - where is your boiling point?
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Doing the same in CHAT right now
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Doing the same in CHAT right now
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ANX looks interesting - will it bounce?
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Money in the bank =)
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Make nice coin on rally a while ago but have trust issues here but hell I am trigger happy lol
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Seems the part - you adding?
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Like you said - ride the speculation and sell on the fact
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Small pull back in gold today so sold all my major gold stocks this AM, cashed up and ready to play and I am a bit trigger happy =)
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and where was my "buy it all message" back at .03 lol thx a million
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Possible influence?
Gold rose Friday well over $740 setting a new high (not inflation adjusted) since 1980. The USD dropped below a key 78 level on the USDX (currency index heavy Euro weighted). Oil is also rising based on USD weakness. This is not just a speculator driven rally in either gold or oil, as has been the case before the USD started to drop and stay below 80 on the USDX – a big change from the last several years.
This is a new ball game for gold and the USD. Now, we are getting into the gold bullish India wedding and holiday pre buying for jewelry. But compared to that several hundred ton gold take off, anything affecting the USD is a thousand times as important for gold.
Gold’s rally is now based on it core attribute – namely as a reserve currency. The USD weakness recently is due to ongoing bad US economic statistics, which are building a negative view on the USD and is going to continue to be adding weight on top of the USD. A bad US economy makes more interest rate cuts likely, and this lowers the interest rate premium of up to 4% the USD has enjoyed for the last few years.
That has held up the USD in spite of the horrible US trade and fiscal deficits.
It appears that a weakening US economy, and consumer, now takes away the attractiveness of the USD, especially as US interest rates fall.
Formerly, our trade partners would defend the USD at 80 on the USDX, as long as our economy could forge on, and people continue to buy on credit. But, as the credit crisis continues to worsen, the prospects of significant credit tightening for the US consumer now takes away that trade plum.
Now, there is less incentive for our trade partners to sometimes unilaterally support the USD when it dropped (like Japan in 2004/5 to the tune of $240 billion worth of intervention).
Some caution
The USD is now just about 1.42 to the Euro, a level that could cause the EU/ECB to intervene. They have stated recently they don’t want the USD to fall below 1.40 and may very well intervene if that happens.
The USD must stay below 78 on the USDX for this $740 gold price to stay with us. It is very possible there will be a significant effort to defend 78 on the USDX. That would cap this present rally for a time if that happens.
Also, Japan has intervened in the past when the Yen/USD dropped to 110, and we are nearing that range as well.
But, we are definitely in a new gold bullish phase based on its reserve currency aspect to a falling USD. This is a big change since the USD used to stay at or above 80 on the USDX, and that pattern has now been definitively broken.
A major question now is will this new gold price level hold, or will it sell off on profit taking. One significant concern here is that the ongoing credit crisis, and problems in the corporate paper markets not rolling over, could lead to another equity sell off. That could leave gold vulnerable to liquidity selling, particularly since funds are now carrying gold profits at these new high prices. Again, the USD must stay below 78 on the USDX for this gold rally to stay with us.
The Prudent Squirrel newsletter is my financial and gold newsletter. Subscribers get 44 weekly newsletters published Sundays, as well as mid week email alerts as needed. Subscribers have really liked the alerts, and said they would subscribe for those alone. Subscribers have had up to 2 days notice on the 3 biggest world stock sell offs in 07.
Stop by and have a look.
bought and hand on trigger
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Light and clean - wonder what will happen when some positive news will hit. I was told they took out some blocks of stock at these levels and boy is sure looks clean now! Maybe this is as clean as they say, time will tell
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Pennypusher hit me up on it yestereday - know the guy? lol nice snack so far
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how bout both?! I am a man of modest wants I just want the best of everything lmao
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I am in another stock you might want to check out DKGR - it has started to trend up and a certain amount of rumors are floating around FYI
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Adding here KV on PHGI
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I can't recall the other stock that he did get involved in but they chart resemebles something like that of a rocket taking off
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Picture becoming more clear =)
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All over it TW - what do you make of rumors on DMTN?
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Hey Novus - DKGR starting to resemble the beginning of this chart.
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Looks like the T/A has mixed feelings on which way its going, I guess next couple days will tell the story!
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too late I pulled mine out a week ago and sold em off to buy more BHP lol
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Thx bro - I think this chart is looking GOOD
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New alias - bashing the company? I would say at least get your facts right if you want to be taken seriously here, the company's been around for only 1.8 years so you are claiming losing money for almost 1 and a half years longer then its been around lol
Gold Stocks are HOT
Gold futures finish near a 28-year high
By Polya Lesova, MarketWatch
Last Update: 4:29 PM ET Oct 1, 2007Print E-mail Subscribe to RSS Disable Live Quotes
NEW YORK (MarketWatch) -- Gold futures climbed to their highest point in almost 28 years on Monday, with palladium and copper also posting strong gains.
Hey Xsurfbum - still a surfbum here lol. Can you post your DKGR chart on the company board and my board too if you have time thx
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Looks like DKGR might be in time for the GOLD RUSH - figures crossed
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Gold futures finish near a 28-year high
By Polya Lesova, MarketWatch
Last Update: 4:29 PM ET Oct 1, 2007Print E-mail Subscribe to RSS Disable Live Quotes
NEW YORK (MarketWatch) -- Gold futures climbed to their highest point in almost 28 years on Monday, with palladium and copper also posting strong gains.
Gold for December delivery rose $4.10 to finish at $754.10 an ounce on the New York Mercantile Exchange.
Earlier in the session, the contract hit $755, the highest level seen in nearly 28 years. The record intraday all-time high for a benchmark gold contract on Nymex stands at $875, set on Jan. 21, 1980.
"The market remains focused on dollar weakness," said Peter Spina, an analyst at GoldSeek.com, in emailed comments. "The moment the dollar started to weaken today, gold saw buying interest. This remains the driving force in the market."
On the currency markets, the dollar sank to a fresh all-time low against the euro. The European currency moved as high as $1.4282 against the greenback in Asian trading before edging back down to $1.4223 by midday Monday.
The Dollar Index, which tracks the performance of the dollar against a basket of currencies, gained 0.2% at 77.905, retreating from an earlier high of 78.05. See Currencies.
"Support for gold's progress towards $750 was in part prompted by earnings warnings from Citigroup that made their way into the day's news flows," said Jon Nadler, a senior analyst at Kitco Bullion Dealers, in a research note. "A 60% drop in third-quarter net income at Citi is really more like an alarm bell rather than a 'warning'...and this came on the heels of a $3.4 billion loss at UBS."
All in all I would have to agree with you - releasing the info would add more clarity. Hopefully this Pink Sheets updates will bring it to a better light. I might reco to them to post official numbers on a regular basis.
King Vegita was touting it so I check it out - no doubt great minds think a like on some of the same stocks maybe I should hang out more often =)
Funny didn't realize you were on this stock - been in it for a couple days.
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I like to see how clean this is =)
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Interested if have some tips for me private message me TIA
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I can't get enough of this and the saga continues......
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ACH continues its rise - any thoughts to where it might guy guys?
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