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yes and no
I trade'em.
I used to have a thread @ SI called "Strictly: Drilling" because I'm great at trading drillers.
I'm hit and miss with commodity stocks.
That said,
I've liked ng ever since inventories went to the max-- to where I've read that ng could go to zero because of the lack of storage space. Could be a character flaw, but I like buying into that kind of negativity.
Check out the constituents of the TSX Energy index-- you'll easily identify the mid-cap drillers I love to trade.
...as for ng levered stocks-- CMT, CR, CYS, DDV, HPX, NVA and RER to name a few.
I don't follow trusts.
I'm still negative... I may change my mind in the next thirty minutes.
according to this chart-- this correction in commodities is short-term.
huh...???
Shame on you-- that's a conspiracy theory...!!!
in fact George Bush got reelected in the middle of a strong uptrend in the price of crude oil
the republicans have no control of the price of crude
neither does Dick Cheney and his friends at Haliburton
neither does Castro or Chavez
If the republicans win, it's because some nutcase decided to blow himself up in the name of Allah. The Americans will vote for the very people the rest of the world hates-- confirming that the USA is a republic and always will be.
It's about security in America.
The 5-year anniversary of 9/11 was a reminder that the republicans have done an admirable job at protecting the country.
Which is why we're seeing a republican resurgence at the polls.
Which is why we're seeing this strong patriotic rally.
Yes, obviously, oil is highly overpriced (relative to natural gas)-- if it weren't we wouldn't of been subjected to this kind of brutality-- but what does this correction say about gold and silver...???
The DOW is saying no recession, hell not even a slowdown of any degree, check out the cyclicals...
The Kirk Report calls this the return of the "Goldilocks Economy." (i.e. lower oil prices, no more rate hikes, no housing bubble, and a strong consumer)
http://www.thekirkreport.com/2006/09/the_return_of_g.html
I do however expect gold and silver to decouple from commodities
Well it certainly has decoupled in the last couple of days-- at some point this broad market rally will fail; we could see a metals rally (all metals because CHN isn't collapsing) in the face of this.
Some speculators, most notably Jim Rogers has a basket of commodities. He seems to add more credence to sugar and zinc than he does to gold and silver ... but you have other speculators, most notably Paul Van Eeden who fall into the gold and nothing else category.
I respect both opinions-- but I do fall on the side of energy which includes my investments in uranium.
...and I have no opinion on NG.
considering the carnage in commodities-- the C$ was up today and still trading way above the 200-day MA
The last four days of trading in UTS has left an unusual candlestick pattern-- not sure if it means anything...?
CCJ and U.TO are still tracking one another above the 200-day MA
2-1/2 years of support at the 200-day MA has been blown to pieces in 8 trading sessions ... simply amazing.
China Fund was up 1.29% -- a rather trendless chart.
All things considered, I had a decent day.
lol...!!!
not looking good for gold stocks just yet-- maybe tomorrow.
blow-off volume in energy stocks
if gold stocks don't move up with the markets-- this will be the first time in a longtime
a nice EOD retrace in the making on yamana gold
I'm reckon we'll see a good close in precious metals-- I think I can smell it.
I think-- too soon yet to know for sure.
OIH -- the bottom is in
SLAB and QCOM look good
BRCM is up almost 8%
now take it easy guys-- maybe move a little bit of that money to FDRY...and GLW should be up higher too because of what Bestbuy reported earlier today.
what a massive move in the broad markets...!!!
Be sure to let me know when you're buying.
For now I'm happily long in the US markets.
I'm beginning to wonder if this is the 9/11 5-yr anniversary rally, although the rally after the attack started at the beginning of October
anyway, still hoping for a good close (in commodity stocks)
at least I don't have to deal with goldbugs.
I think I'll add more FDRY
BRCM is now up 7%
my two favourite juniors-- AGQ.V and RSC.V both down 10%
yeah, what a bounce... <sigh>
which is why I so despise goldbugs-- how fuckin stupid can you be to cross down a handfull of shares for a 10% downmove because your scared...?
buying BRCM, GLW and FDRY was a good idea (#msg-13237903) -- certainly offsetting my loses in the oilpatch.
I think we're getting closer to a "bottom" in energy.
CRUDE OIL -2.15%
XEG.TO -1%
the selling is heavy in the stocks, but so is the buying
USO in the red for the 8th day in a row.
The Bottom is in....???
don't look like it right now
we'll see what the close brings us.
Landis Attorney Submits Motion for Dismissal to USADA
September 11th, 2006
http://www.floydlandis.com/blog/
Landis Camp Makes Public Specific Detail of Errors and Inaccuracies in Testing of Landis ‘A’ and ‘B’ Sample
Los Angeles, September 11, 2006 – Howard Jacobs, attorney for 2006 Tour de France Champion Floyd Landis, today submitted a Motion for dismissal to the United States Anti-Doping Agency (USADA) Independent Anti-Doping Review Board. The specifics of the submission support Landis’ long-held innocence and argue that tests conducted on the athlete’s ‘A’ and ‘B’ urine sample from Stage 17 of the Tour de France do not meet the established World Anti-Doping Agency (WADA) criteria for a positive doping offense.
Made without access to complete documentation and other test results, today’s Motion is by no means an exhaustive recitation of all defenses. Nonetheless, Jacobs’ request for dismissal still provides the scientific and legal basis to vindicate Landis.
“I did not take testosterone or any other performance enhancing substance and I’m very happy that the science is confirming my innocence. I was relieved, but not surprised, when I learned that scientific experts found problems with the test,” said Landis. “I look forward to restoring my good name so that I can focus on my hip replacement and begin training for next season when I want to return to France to defend my title.”
Based largely on the carbon isotope ratio (CIR) – the test that has been characterized by the anti-doping authorities and the UCI as a fool-proof method for detecting the presence of exogenous testosterone – the Motion focuses on three issues with the testing protocol and results provided by the LNDD lab at Chatenay-Malabry. In summary, these three arguments demonstrate that the CIR test conducted on Landis’ stage 17 urine samples does not show a positive result:
• WADA’s own protocols require that all testosterone metabolite differentials provide clear evidence of testosterone usage to find an athlete positive. Given the data, three of the four testosterone metabolite differentials tested in Landis’ sample are reported as negative considering the margin of error.
• The only testosterone metabolite that can even be argued as positive under the WADA Positivity Criteria resulted from an unknown laboratory error and is not the result of testosterone usage.
• The one metabolite that has been identified by WADA-accredited laboratories as the best, and longest-term indicator, of exogenous testosterone usage was reported as negative in Landis’ urine samples.
In addition to the analysis of the testing documentation, Jacobs argues “the single [positive] T/E [Testosterone/Epitestosterone] analysis in this case is replete with fundamental, gross errors.” These errors include markedly inconsistent testosterone and epitestosterone levels from testing on the ‘A’ sample as well as multiple mismatched sample code numbers that do not belong to Landis. In the case of the mismatched sample identification codes, the alleged confirmed T/E data on the ‘B’ sample is from a sample number that was not assigned to Landis. The differences in sample identification numbers also point to issues in the chain of custody of the Landis sample.
“Clinical laboratories making these types of gross errors could easily find themselves answering to a wrongful death lawsuit, and often do,” said Jacobs. “At a minimum, those laboratory errors must go to the defense of the athlete and must result in a finding that the T/E results are wholly unreliable.”
The ADRB is expected to make its recommendations to USADA within a week of Jacobs’ submission to the review panel.
Landis Says Positive News Coming Soon
Cyclist Believes New Findings Will Help Him Retain Tour De France Title
http://www.nbcsandiego.com/news/9809757/detail.html
GOING HIS OWN WAY
Stormy world of energy has a clear forecaster
Houston engineer develops reputation for accuracy over the long haul
By DAVID KAPLAN
Copyright 2006 Houston Chronicle
http://p088.ezboard.com/fdownstreamventurespetroleummarkets.showMessage?topicID=18197.topic
Grandich: The Pros and Cons of Mexico
http://www.grandich.com/docs/prospector-sep.oct06.pdf
FINALLY...!!!
found in my inbox:
On October 3rd, we will be introducing Flat $9.99 commissions for Canadian equity trades for all customers who execute 30 trades per quarter or have a minimum of $50,000 in combined assets with E*TRADE Canada. Any equity trade. Any number of shares.
your chart didn't work...!
that said, we have consensus...?
not good.
The greatest pedaller of all time
"Zimmerman may have pedalled between about 170 and 185 revolutions a minute."
http://www.cyclingnews.com/features/?id=2006/woodland_zimmerman
GLD-- 4th down day in a row, but massive gaps between the days.
scary...!
...and I have to agree with IAC-- $50 to the red is entirely plausible.
$540 - $550 - good area to start buying again.
USO-- down for the 6th day in a row
I'm counting them down-- and looking for a bounce, soon.
Thanks for the compliment-- I try to keep things fresh ... that said, I'm happy I wasn't holding anything on margin going into today-- this has to be one of the most dramatic corrections I've seen, ever...!
Anyway, if the price of commodities are going to zero-- at the very least, the perception of zero-- I'd better focus on trading elsewhere, and leaving what I haven't sold as long-term positions. No point in panicking with everyone else-- I have yet to make money doing that.
Bot a few tech names this morning after the seeing the 20% move in Freescale on buyout speculation. Who knows? Maybe the consolidation in mining was calling the top, and the consolidation in semis is calling the bottom...?
Nortel (that total piece of crap) finished up 5-1/2%
This morning I bought a three names-- BRCM, GLW and FDRY-- I'm up on all three as of the close-- will increase the size of my positions once there's confirmation of a new upmove.
BUT...!!!
I will ditch every last one of my tech stocks to raise cash when I start smelling a bottom in commodities.
Strateco Intersects 1.12% U3O8 over 10.5 Metres on its Matoush Property in the Otish Mountains
http://biz.yahoo.com/ccn/060911/200609110346477001.html?.v=1