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Thanks for those charts. What to choose, what to choose.
Nice board here people. Trading mostly canadian stocks these days. Mostly canadian funds in account so looking for any good picks to come.
In GTE.TO right now and seems to have some good swings of about .10 to .15 per day.
Gold stocks seem overbought so do you think HGD.TO might be a good short term buy?
How much upside do you guys see in Gold stocks if Gold itself goes to $1200 like some analysts are saying within a year?
They seem overbought right now.
Thanks Breakout. China seems to be the place to go right now and it seems like a good opportunity here.
Hello Breakout
Do you still see FUQI as a good buy right now? At these prices, there is a good chance of upside.
Thanks guys. Didn't scroll low enough in the ibox.
haven't been here a while. Can we still go on the cameras? Can't seem to see it on the web site anymore.
Starting to look interesting this morning. The ask is moving up.
Can't wait. The PPS seems to be holding so far. A move up would be very nice.
Thanks
Take a look at this video. It might be available very long.
Talks about what will happen to the US dollar next year.
You will have to copy the URL below to your address bar to view it.
http://video.google.com/videoplay?docid=1954933468700958565&hl=es
Take a look at this video. It might be available very long.
Talks about what will happen to the US dollar next year.
You will have to copy the URL below to your address bar to view it.
http://video.google.com/videoplay?docid=1954933468700958565&hl=es
Take a look at this video. It might be available very long.
Talks about what will happen to the US dollar next year.
You will have to copy the URL below to your address bar to view it.
http://video.google.com/videoplay?docid=1954933468700958565&hl=es
Some reading of why Silver might go up.
Is China Ready to Buy Gold at Last?
(Do the math on this one!)
Silver Stock Report
by Jason Hommel, November 19, 2008
There has been a recent flurry of news articles saying China may begin to diversify into Gold. But the articles conclude that China will move slowly, over years, so as to not disturb the markets. Funny.
It's funny because it's like they don't know basic math.
China wants 4000 tonnes of gold, to help "diversify" their $1.9 trillion in U.S. bonds. It's quite a joke. Please bear with me as I explain.
A tonne of gold is 32,151 ounces. Please search "troy ounces per tonne" at google to confirm, because this one bit of information, and a simple calculator, can help you unlock and decipher the meaning of what you read in the news regarding the gold market, as gold at the national level is usually always quoted in terms of tonnes.
The total ounces China is seeking, is thus: 4000 tonnes x 32,151 ounces/tonne = 128,604,000, or 128.6 million ounces.
That's an interesting number because it is about half of the U.S. official gold reserves of 261 million ounces.
It's also an interesting number because the total annual gold market consumption is said to be about 4000 tonnes, while annual mine production is only about 2500 tonnes.
But let's now multiply by the current gold price, to see how much of China's reserves could be diversified if they obtained that, without disturbing the price.
At $736/oz., times 128.6 million ounces = $94649.6 million, or $94.6 billion.
That's funny, because $94.6 billion is not very much of $1.9 trillion, which is $1900 billion.
What's the percentage? Simple: $94.6 / $1900 x 100 = 5%.
See, if China diversified 5% of their reserves, they would dominate the world gold market, buying an equal amount bought by the rest of the world in a year, and that could crash the dollar by 50%, while gold prices could double!
And actually, such a diversification of $94 billion would be no diversification at all, since China has added $600 billion to their dollar holdings within the last 6-7 months, up from $1.3 trillion.
To truly diversify, they would need to sell more dollars than they are accumulating, so they really need to buy about $600 billion worth of gold, or more, in a year.
How much would a true diversification be at current prices? $600 billion / $94 billion = 6.38 times as much gold as the world buys in a year.
Please think on that, and buy silver, instead. Because as we have seen, as gold moves, silver moves higher faster, and runs out sooner, because it is more scarce.
Here is a quote that has been posted for over a year at my main page at silverstockreport.com:
"Even though the U.S. dollar is no longer backed by gold, any holder of dollars could wise up at any time and start buying silver or gold. China, for example, could spend their $1.3 (now $1.9) trillion U.S. dollars in bonds and buy gold anywhere in the world, such as Switzerland, Dubai, Tokyo. China could even send agents to buy gold at any of the 4,000 or more coin shops in the U.S. The dollar could drop 50% or more overnight, and there's not a single thing the U.S. government, you or I could do about it."
Please note the following news items:
China Should Buy Gold for Reserves, Association Says (Update2)
Nov. 14 (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aO8E.6_D2tVo&refer=home
China PBOC Mulls Raising Gold Reserve By 4,000 Tons - Report
Wed, Nov 19 2008
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=82afe43d-8d3c-494d-894d-113c196ed750
"China's central bank is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country's huge foreign exchange reserves, the Guangzhou Daily reported"
Two other quick news items:
Iran switches reserves to gold - report
TEHRAN, Nov 15
http://asia.news.yahoo.com/081115/3/3s594.html
Saudi Arabia buys $3.5bn of gold in two weeks
13 November 2008
http://news.goldseek.com/PeterCooper/1226586450.php
Finally, a news item regarding China's silver.
Silver hit by rising cost of production
10 Nov 2008
http://news.alibaba.com/article/detail/metalworking/100021066-1-silver-hit-rising-cost-production.html
Key excerpt:
"The country will increasingly rely on imports to fill the needs for silver, he said. Last year, the country's net imports were 1,067 tons, compared with net exports of 1,085 tons in 2006, according to customs data provided by Zhou."
Finally, it is keenly important to put the relation of gold and silver in perspective.
The world's consumption of gold, 4000 tonnes is $94 billion.
The world annual investor demand for silver is about 100 million ounces, or $1 billion.
Do you see why silver is the far superior investment to gold? Silver will move higher much more easily, and you will make far more money in silver.
The bulk and weight of silver now, are the reasons why some avoid it, and are the exact reasons why it will perform better than gold. Fewer people take the "pain" to own it, thus, it is the more contrary investment, and will perform better.
Reminder: 10,000 ounces of silver are available at auction this Wednesday night, at http://www.seekbullion.com/
See also, smaller amounts of silver for sale daily at my Mom's silver shop at
www.seekbullion.com and even smaller amounts of silver for sale daily at
http://shop.ebay.com/merchant/jkesilver
Oh yes. My mom also told me this week that she usually gets about $1 more per ounce at ebay than at seekbullion.com. But that does not necessarily mean that seekbullion.com is cheaper, because it's not a perfectly fair comparison, since her auctions at seekbullion.com are usually over 100 oz., while at ebay, they are usually less.
This same principle, China reporters seem to fail to understand. When China moves, they will get less gold for the money, because when they move in size, they will move the market. Communists really don't understand free market principles, as a matter of general principle. But then again, neither do 99.9% of Americans, who prefer paper money, instead of real silver, and gold.
Sincerely,
Jason Hommel
www.find-your-local-coin-shop.com
www.silverstockreport.com
www.miningpedia.com
www.bibleprophesy.org
Thankyou, will watch it closely.
Why did it go down so much last week?
Your welcome
I had 200 shares left from before and happily found 2,500 shares in my account last week.
Sorry to see you lost all thosae shares.
Just heard on the news that corn is going up again because bio-fuel demand is expected to go up.That is the word on the street now.
Also great job by our DD expert jdsgungho.
Will do my best to help here and see how we can this stock going again.
GG
Just a lurker here but it is nice to see a person like you 'jdsgungho' with a positive attitude helping us shareholders to keep going. Great job. Curious to see what Steve will have to say.
thx
GG
Do you think DPDW will be a play next week?
Thanks alot for the chart.
Could I get a chart on BVF. It had a nice move today.
Thanks
Not sure if accurate but looked interesting.
Deep Down Inc. $ 0.62
DPDW -0.03
Short Interest (Shares Short) 860,500
Days To Cover (Short Interest Ratio) 6.4
Short Percent of Float 1.03 %
Short Interest - Prior 475,800
Short % Increase / Decrease 80.85 %
Short Squeeze Ranking™ -
now .295 AH
Thanks for the chart on SSN. I appreciate it.
Is it possible to get a chart on SSN ?
Thanks
Thanks Breakout
Why is ABK breaking out today?
Could I have a chart on UAUA please?
PTRY please
It did seem like it was holding well at the close.
Thanks
Thanks Breakout, always like your picks.
Been watching CNB for a while now. What is the first major resistance break before there is a sign of reversal?
Great call on ABK. Made a few dollars on it so far. What is the solid support on ABK now?
Thanks
Where do you see this going in the short term? Is it a two or three day play for a quick in and out?
Nice call on ABK.
Thanks.
Thanks Clay for the nice work.
Could I have a chart on MTEX again please?
Yes, although alot of us don't write much on the message board, I think most would agree that we really appreciate all the work the regular posters do on this board. It's always nice to come back home and read all the posts from the day.
Thanks again and have a nice weekend even though it is snowing here now with a wind of 30 mph. Can't wait for summer!!
Very nice numbers for Exxon
EARNINGS OUTLOOK: Exxon On Tap For 30% Earnings Boost
By Steve Gelsi
NEW YORK (Dow Jones) -- Exxon Mobil's profit is expected to jump as much as 30% when it reports its first-quarter earnings next week as the oil giant joins the crowded stage of $120 oil, U.S. retail gasoline prices approaching $4 a gallon and flare-ups in the geopolitical scene from Nigeria to the Persian Gulf.
Wrapping up the first three months in world history with oil at $100 a barrel and rising fast, Wall Street expects Exxon Mobil (XOM) to boost net income handily to $2.10 a share from $1.62 a share posted in the year-ago quarter.
The most bullish analyst first-quarter predications come in near $12 billion a share for Exxon Mobil, which remains the largest corporation in the world by market cap and yearly profit. In the year-ago period, Exxon reported net income of $9.3 billion.
Meanwhile, No. 2 U.S. integrated oil giant Chevron (CVX) is on tap to deliver earnings of $2.39 share, compared to $2.18 a share in the year-ago period.
The two oil majors will reign over a flurry of energy sector profit updates in recent days, with ConocoPhillips (COP) and Occidental Petroleum (OXY) powering past Wall Street estimates.
With oil prices spiking and gasoline prices up but lagging, conditions continued to favor the exploration and production side of the business in the three months ended March 31.
ConocoPhillips, for example, said profit grew 17% mostly because of its oil production, while its downstream profit ebbed on tighter profit margins.
Occidental (OXY), with its production-rich side of the business, saw its shares jump 4% to $86.29 on Friday as analysts cheered its results.
UBS oil analyst William Featherston noted the oil producer has been a laggard of late, but that its business could be propelled by a number of factors, including projects in the United Arab Emirates, and a potential win in Bahrain.
Although shares of Diamond Offshore (DO) and BJ Services (BJS) were bruised with their earnings updates, plenty of standouts remain, among them Southwestern Energy (SWN) on Friday.
(END) Dow Jones Newswires
04-25-081628ET
Copyright (c) 2008 Dow Jones & Company, Inc.
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I think I squeezed a few at .10 this morning. Waiting for that breakout with patience.