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speaking of juniors-- RSC.V was down 10% at the open-- it's up 4% now...?
C$ energy stocks vs. C$ precious metals stocks.
I would bet that the drillers will bottom first-- hasn't happened yet. The C$ has been the strongest lately-- probably because of all the M&A activity.
gold weakness is due to US$ strength, or the potential of US$ strength.
great looking basing pattern-- good looking enough to get the goldbugs running for cover.
Can you imagine the upmove in the US$ if they catch OBL...?
Tomorrow on 9/11...???
You'd see some ugly gapdown cardiac arrest type behavior in both the gold and oil pits.
from Paul van Eeden (May 1/2006)
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I spent the past week in Dubai -- City of Gold -- a hub for both bullion and jewelry trade. Gold Jewelry here is sold by weight and purity, with most of the jewelry being either 22 karat or 24 karat gold (24 karat gold is pure gold; 22 karat is 22/24ths pure, or 91.67%). In contrast, much of the jewelry sold in the United States is either 10 karat (41.67% gold) or 14 karat (58.3% gold). 22 and 24 karat gold jewelry is soft and impractical for everyday wear, which is why most of the jewelry in the West contains considerably less gold.
Jewelry containing a high percentage of gold is not purchased for everyday wear but for its value as a store of wealth. Because the manufacturing cost component of the final price for jewelry with a very high gold content (22 and 24 karat) is much smaller than the manufacturing cost component for jewelry with a low gold content, high purity jewelry can be resold to jewelers for its gold content with very little financial loss. Such sales make up the bulk of the gold recycling supply.
When you are in a place such as Dubai, where so much trade in physical gold takes place, it is easy to understand why people think jewelry production is important to the gold price. However, the price of gold is almost completely insensitive to jewelry demand, scrap sales, mine production, producer hedging or central bank sales.
Total jewelry consumption during 2005 was 2,736 tonnes of gold. Industrial and dental demand added another 419 tonnes for a total of 3,155 tonnes of primary gold demand. Mine production during 2005 was about 2,515 tonnes. Some people believe that this 640 tonne primary shortfall of gold mine production relative to fabrication demand is relevant to the gold price. They also seem to think that net investment demand, official sector sales and purchases, etc. are important. Jewelry demand is important to jewelers but it makes no difference to the gold price.
The bulk of international gold trading occurs through the facilities of the London Bullion Market Association (LBMA) and from their website we learn that the average DAILY volume of gold trading was 513 tonnes during 2005. Now let me explain what that number means. The LBMA only reports the net amount of gold transferred between its clearing members at the end of the day. So if two members trade 100 tonnes five times during the day (total trading volume is therefore 500 tonnes), and at the end of the day one member owes the other member 200 tonnes of gold (i.e. net position at the end of the day) then only 200 tonnes is reported by the LBMA. The LBMA trading volume reflects the net amount of gold transferred between clearing member accounts at the end of the trading day. It is estimated that the actual volume of gold trading is possibly as much as 4 to 6 times larger than the net positions reported by the LBMA. Remember, these are not derivative trades; these are the settlement numbers for actual gold trades.
Now, if the volume of gold trading through the facilities of the LBMA is in the order of 500 tonnes per day, then I am afraid that a 640 tonne annual shortfall between mine production and fabrication demand is totally irrelevant. In fact, the entire 2,736 tonnes of annual jewelry demand are irrelevant: they represent less than 6 days of trading through the LBMA. It makes no difference to the gold price whether India had a good harvest or a poor harvest, even though, again, it is probably important to the jewelers.
Gold is money; it is not a commodity. Its value relative to fiat currencies is purely a function of the relative inflation rates of gold and other currencies. The gold price may fluctuate based on investor psychology, just like the price of any financial asset, but it will always revert back to its fundamental value, which is determined by relative inflation rates.
Just like the inflation rate of money is the increase in money supply, the inflation rate of gold is the increase in the above-ground stock of gold, i.e. mine production as a percentage of all the gold that has ever been mined. If we know what the inflation rate of a particular currency is we can calculate its relative value to gold, assuming we have a starting point at which we knew what the fair value of the currency was. This can be done for the US dollar. In 1933 the gold price was defined by the fact that a $20 gold coin contained 0.9675 ounces of gold. From this we know that the gold price in US dollars during 1933 was $20.67. If we now take in consideration the inflation rate of the US dollar (as defined by M3 and the Consumer Price Index for those years that M3 did not exist), and the inflation rate of gold (annual mine production) we can calculate that the gold price in US dollars should be around $850 an ounce.
However, gold is not unique to the United States; it is an international form of money and so we also have to take into consideration the US dollar exchange rate, since anything we price on international markets in US dollars will fluctuate along with changes in the US dollar exchange rate. We know from the US trade deficit that the US dollar is over-priced on foreign exchange markets and the US is putting considerable pressure on China to help devalue the dollar. The only reason gold is not $850 an ounce (or thereabout) today is that the US dollar is over-priced. As the US dollar exchange rate falls the gold price in US dollars will rise.
Like all markets there is a real possibility that the gold price will overshoot its fair value and the gold price could therefore exceed $850 an ounce. But like all markets the gold price is bound to return to its fair market value in the event that it does overshoot the mark. Also, keep in mind that the value of gold in US dollars will increase over time in proportion to the inflation rate of the US dollar. Unfortunately, the Federal Reserve of the United States has stopped publishing M3 data and so we have lost a great tool for gauging the dollar's inflation rate. Historically the inflation rate of the dollar has almost always outpaced the inflation rate of gold, so the longer it takes before the dollar exchange rate falls, the higher the fair value of gold in US dollars becomes.
None of what I wrote here is new. I have been writing about the fallacy of viewing gold as a commodity since 1998 (the LBMA announced the volume of gold trading for the first time in late 1997). Below are links to older articles that expand on this week's ideas if you would like further reading.
http://www.paulvaneeden.com/Library/200310%20Commodity.php
http://www.paulvaneeden.com/Library/200304%20Gold.php
Floyd Landis--Doping Controversy
Clarence Bass
http://www.cbass.com/FloydLandis.htm
Clarence Bass at 60
there's more than just silver out there;
check out FNX.TO and LUN.TO-- just added them to my portfolio this morning
you can also check out
AGQ.V (silver)
RSC.V (uranium)
my two crappers of the day.
Ohh, I think you'll be okay-- in bottom brackets; 13-14 yrs is still considered "new." It's either english or Italian threading, you could measure the width of the bottom bracket shell-- with english threading the width is 68mm -- so a modern external bearing crank will probably work-- but double check that with a professional.
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I started on shorter cranks because that's what I was told I needed-- it was only through years of experiments that I discovered that I could finally get comfortable on a bike by using longer cranks. I discovered the Zinn formula about 10-years ago which only confirmed what I already knew.
...and another thing;
With longer cranks, you can tolerate a much steeper seat tube angle-- doing the math suggest that you can set the seat-tube angle back as much as 1 degree (depending on your inseam length)
fwiw,
A perfect bike for me is 190mm steer tube, 575mm toptube, 72 degree seat tube-- with 180mm cranks. I like slack angles, I guess it's very euro-- the bike behaves better and I'm more comfortable. Which matters when riding in traffic over rough roads, over sidewalks, lane-ways, bike paths and dirt roads.
So I'm in the ballpark @ 80 RPM...?
I'm using a Mavic Wintech-- French design, can't be trusted <vbg>
...and about crank lengths-- I'm using Dura Ace 180mm cranks
why...?
The Zinn formula, that's why.
http://www.nettally.com/palmk/Crankset.html
That said, the length should have no effect on RPM-- 52x18 @ 30kph will give you the same number despite crank length, that's why I never mentioned it in the first place.
fwiw, out all the bikes I own-- my cycloX is the only bike I have where I'm running 175mm cranks-- I like a shorter crank when I'm out of the saddle and I like to climb out of the saddle for long periods of time at a high RPM. But in a sitting position, pedalling on a road with a slight rise in the grade; the shorter cranks give me a sore lower back and muscle cramps in my legs. It has occurred to me to try 177.5, but they're impossible to get in the configuration that I need.
Anyway, I have long legs, my inseam measures 83.8cm (33 inches) plug that number into the Zinn formula and presto...!
...as for the rider who didn't stick around-- I for one would never do that to you. But I do have a bitch of a time finding people to ride with me because I'm kinda fast-- and what happens is that my so-called riding partner senses this and feels guilty for their bad form and weary of my good form.
That said, like most people, I don't have a day-job-- and I fill in my extra time by riding 3-hours a day. It sure beats watching every uptick/down-tick in the stock market. EOD action is all I need to manage a stock portfolio.
life is good <vbg>
maybe, but we're talking about me...!
I've been bullish, so I do have the right to turn bearish...!
...and for some reason unkown to mankind, I'm still very bullish on energy. OIH was strong yesterday-- XEG.TO should follow suit today.
...just a quick reply,
"I'm still amazed at your 190"
not now-- I haven't worn a heart rate monitor (yet) this year-- the 190 number was in my late twenties ... I can still hit the mid 180s but I haven't guaged myself on a "real" climb in a long long time.
...and about my cadance-- I'm a spinner, the number I gave you must be wrong ... with Sheldon Brown's calculator I should be able to figure out what my RPM is just by inputting these numbers:
52x18 @ 30kph using 700x23 tyres
I gotta go
later.
We're overbought-- I least I think that's the deal. I'd also like to point out that BGO has moved 15% in less than a week.
-- just look at the XGD.TO chart, up 9% in the same amount of time-- an ETF...???
IMO, you really need to start risking money on some really crappy stocks to outperform that "mediocre" 15% of yours.
Anyway,
I think come tomorrow, metals will have a flat day-- not enough trend strength to walk the upper edge of the Bollinger Band but too much accumulation for a downright collapse in price.
fwiw, I'm still holding my position in SLW (and a couple of other silver stocks)-- btw, the CCI is over 300 which doesn't happen very often ... the last time that happened was January of this year.
Red hot...!
See that's the problem with riders being drug free-- no amount of prerace strategy can save your ass you if you can't be consistent on a bike.
Anyway, it's a long race, as the TDF showed us earlier this year; 4 minutes is no big deal.
Here's what Julich had to say about riders who can put together several goods rides in a row.
http://www.iht.com/articles/2006/08/31/sports/BIKE.php
L... I'm not sure what my max HR is anymore-- back in my 20s I could get it as high as 205 ... close friends would want me to wear their HR monitors to set their all-time highs so that they'd have something to brag about over beers.
your 208 is even more freakishly high.
If this is any indication, there's a climb in Jasper I'd train on-- "Signal Lookout" it's a 2300 meter climb-- the first 2/3 of the climb my heartrate is between 150-160 bpm it's only past the treeline (past the switchbacks) where my HR rises above 190 which is usually the last 15 minutes of a 1-hour climb.
...as for flatlander gearing-- if I never rode uphill-- if I were racing crits 53/42 would be perfect ... if I were cleaning the cobwebs off a bike I hadn't ridden in a few years I might drop the 53 in favour of a 50 ... If I were to build a new bike from scratch I would favour compact gearing.
Check this out:
http://www.sheldonbrown.com/gears/
"80 seems low" -- not if that's your average cadence over 3-hours
An Interview with Eric Sprott Of Sprott Asset Management
David Pescod's Late Edition -- Canaccord Capital Corporation
(From August 25, 2006)
Eric Sprott has been a leading and independent voice in the Canadian brokerage business for many years and he was one of the first and most adamant of those backing the current run in commodity prices – and he thinks there may be a lot more to go. The mutual funds at Sprott Asset Management have benefited greatly as they have been some of the best performing mutual funds one can find. We are very grateful to have been able to spend some time with Eric for our recent interview and hopefully, from time to time, we will be able to visit with him again for some of his stock picks and ongoing views of the economy and of course, commodity prices.
David Pescod: Eric Sprott is one of the leaders along with Donald Coxe, Jim Rogers and others as advocates in this natural resource cycle and we are probably three years in now and with concerns about slowing economies in the States and housing prices, Eric where do we sit in this cycle?
Eric Sprott: That’s a great question. We, amongst a lot of people, had predicted that the U.S. economy would go down and yet, at the same time, were taking a more optimistic view of almost all real commodities and that had to deal with the fact that there are economies out there that might be more important than the U.S. economy these days, that are continuing to grow and are likely to continue to grow.
In fact we are even trying to develop a thesis that we might be heading into some kind of Malthusian situation where we have a scarcity of resources for all the people that demand those resources and that could be across the board in all things – whether it be oil, water, or agricultural products and it kind of looks like that what might be evolving here.
David Pescod: Okay, you have also written a lot about “Peak-Oil”. How about oil prices, what do you see for them over the next 5 to 10 years and are we facing a short term concern here at this point?
Eric: Well we are obviously “Peak-Oil” enthusiasts. Most of the information that we see everyday tends to confirm the thesis that the world has been having a more difficult time in terms of increasing oil production and perhaps the more important thing is the word “maintaining oil production”.
Because we produce 85 million bbls/day, the depletion rate seems to be getting higher almost every year and the amount that we have to maintain every year goes up. So for example, some people believe that the depletion rate is 8%, which if we use it at a rate of 85 million we have to find 6.8 million new barrels this year to “maintain” production.
There are so many issues out there about maintaining production. We see problems in Prudhoe Bay, the North Sea, the Cantarell Field in Mexico and these are all where they are declining and not even maintaining themselves and our view is that we are not going to be able to maintain oil production at these levels. The real students of Peak Oil suggested that we have produced half the oil that will ever be found and production should decline beginning right around now.
David: Natural gas has really suffered in the last while. We didn’t have a particularly cold winter as it was quite warm, inventory levels are quite high and all of a sudden the traditional relationship with oil has gone out the window and natural gas is probably more important to the “coffers” of Alberta than oil is. Your thoughts on natural gas as far as short term and long term?
Eric: Sure. Our view on natural gas – when we look at the amount of drilling that is taking place for example in Canada for natural gas (I think the numbers are up something like 30% - the actual number of wells) and then when you look at the cost of those wells (imagining that it might cost 20% more per well, is not an unreasonable number this year versus last year) and to think that we spend 50% more there and the gas supply hardly changes...it tells you that we are going to have a continuing ultimate shortage of natural gas. We just can not get the production on fast enough with a 50% increase in monetary effort. You can’t keep doing that every year, within a very short period knowing what the exponential function is, you would have to extend all the worlds resources on gas drilling at 50% a year.
We’ve had a real difficult situation with gas and I think gas prices will certainly get back to the old ratio such as 7:1 and I didn’t really answer your question on oil prices, though, but I think in our scenario we just imagine going higher and we put no limit on it and I am not going to be surprised to see it at $100.00 and I will not be surprised in the next 5 to 10 years to see it at $200.00.
David: Wow. That was the next question. Let’s say if you had to predict in the short term for this Christmas and say Christmas 2007, what numbers would you use for oil and gas?
Eric: Oh boy. Well, the short term ones are tougher than the longer term ones. I would guess that it will close at the highs of the year at the end of the year and that would be my guess and it would probably be around $80.00. Where would I see it in 2010, it would certainly be in the $100.00’s, would be our expectation or perhaps higher.
David: When we get into the metals, there are two commodities that are really standing out because there is none around and that this nickel and zinc, but what are your favorites these days?
Eric: Well, I haven’t really played the nickel or zinc market to much of an extent. We do look at them; because those prices are really quite compelling and it’s making us sort of throw off some of our bearish views on the economy because the prices are so high for the commodities it makes some of the invest- ments look attractive.
We have focused a little bit more on copper, molybdenum, cobalt, tungsten, and of course we have had a big interest in gold and silver all along, but the prices of all these commodities have surprised everyone on the upside. It really looks like we have ourselves a shortage scenario in almost all those met- als, because nobody has really taken the time to develop any new production since the prices where at a low for so long and now were way behind the eight ball. So we’re pretty upbeat, quite frankly, on things like molybdenum, tungsten, cobalt, zinc and copper right now.
David: As far as gold, do you still like the precious metals and do you think the take-over game is going to continue?
Eric: We have liked gold now for last six years, since the bot- tom in 2000. We continue to like it for many, many reasons— as a safety value for investment, as a leverage play on some of these stocks as the prices go up their range of course rise dramatically, and we have committed a large part of our funds to gold and silver. The silver supply/demand situation might even be better and the dynamics and price probably will be better. So no, we’re kind of all in on the precious metals game!
David: The price of gold?
Eric: Well, I’m sure it will go north of $1,000 over the next two or three years. I mean it has been moving up very steadily, it has these little gyrations from time to time, but generally it’s in a bull market and I think it will continue to rise quite strongly.
David: The most interesting part, of course, is always the stock picking game and your funds have done amazingly and we notice that one of your biggest holdings is Delta Petroleum. Is it potentially a new Ultra Petroleum?
Eric: Well I think potentially it is way bigger than that! They have two world class projects that they are working on, one of which is in the Columbia River Basin in Washington where EnCana is currently drilling the test well, it has been drilled to depth, and it will be testing in the next 1 to 2 months.
The President of Delta has made a comment recently that if eve- rything goes according to plan, they will have many tens of tril- lions of cubic feet of gas – possibly in the 100’s of trillions. And, to put that in perspective the U.S. consumes about 25 trillion a year, so this would be a lot of gas, or you could put it in other way: we value a TCF of gas at about a billion dollars, so with a market cap of around a billion anybody who finds 10 TCF’s has a stock that can go up a long way.
In fact there was a recent report out of a U.S. Broker suggesting that the unrisked potential for Delta Petroleum is $190.00, with a downside of possibly $12.00. So it kind of gives up a scope of what can happen if the Columbia River Basin comes together and they also have something called the Utah hinge line, which is an oil play, where again it could be of a world class size and hopefully they will drill or start their first well within 30 to 60 days.
So, we have been hopeful on Delta for a long time. The well in the Columbia River Basin, when we first bought it, was sup- posed to be completed in January of 2005 and here we are in August 2006 and it still really is not completed. So, Delta really hasn’t done much on a relative basis, but it has picked up a lot of interest recently so we are really hopeful that this stock can go along way.
David: Okay, on your top three would Delta be on the top three and which would be other two top picks?
Eric: Well, Delta certainly is our largest holding, so yes it would be in our top three. In terms on where we have our money, of course our largest investment is basically in the metals – the bullion, gold and silver.
We also have another play in the oil and gas area called Falcon Oil that is basically hunting for the same type of thing that Delta is, but is doing it over in Hungary and they’ve drilled a couple of wells there that look spectacular. They have not been tested yet, but it is the same type of situation that if you find the source rocks for these things you tend to extend the discovery over the hole Basin that you are in, so that is another one that will look every interesting. There should be test results confirmed, well we think they are going to confirm.
David: And a third pick?
Eric: In terms of individual stock, well I think that there are two companies that are certainly coming along here that are picking up a lot of interest and we do have interest in both of them and one is a company called Petrolifera...which has some very interesting discoveries in Argentina and looks like they have really got a good grip on the play and I would say another one is Aurelian Resources, that has a gold discovery in Ecuador. It looks like it’s going to get very large. So those are the types of things we like to try to be early on, recognizing the huge prospectivity and it sounds like there will be in both those cases. We don’t have nearly as large a position in those as we do for Delta and Falcon.
David: One last question, you’ve written about real estate and you concerns that the American real estate market could be on the verge of, well, if not a correction, maybe something even worse...house prices and real estate in Alberta in the last couple of months has acted as if it was all beachfront, California properties and have gone through the roof. Any warnings to these people?
Eric: It’s very difficult for me being in Ontario, to understand the Alberta real estate market. Our primary focus is to figure out what’s going to go on in the States. I would say for example, that real estate in Ontario experienced some of the same bubble-type characteristics that it did in the States, where you get multiples bids, you had special financings, prices were roaring up, and all the signs of mania. That’s manifested in Alberta. The question is, so when is the top? And that is a very difficult thing to know in Alberta because with our view of where energy prices are going, it could sustain itself for quite a while. I’m not an expert in Alberta real estate, so I’m not going to try and call the top, but I actually believe in Eastern Canada, we may have seen the top. But Alberta is its own self-contained situation.
David: Thank you so much Mr. Sprott.
SXR Uranium One -- Mineweb article:
SXR to open Australian uranium leach mining operation
Posted: Wed, 30 Aug 2006
SXR Uranium One is set to be Australia’s fourth uranium producer with the development of Honeymoon.
http://www.mineweb.net/energy/976407.htm
Uranium: no longer the ugly duckling
Posted: Wed, 30 Aug 2006
Uranium is making a strong comeback in South Africa as both the government and mining companies start to embrace its nuclear energy capabilities.
http://www.mineweb.net/energy/976588.htm
Jean Nortier: Financial director, SXR Uranium One
Posted: Wed, 30 Aug 2006
SXR Uranium One is going ahead with its fourth uranium mine in Australia. Nuclear has actually gone green, but where are the current constraints?
http://www.mineweb.net/radio/mineweb_radio/976909.htm
UTS Energy shares soar in heavy volume
http://ca.news.finance.yahoo.com/30082006/6/finance-uts-energy-shares-soar-heavy-volume.html
and as you can probably imagine, ROBTV is probably bringing this up to everyones attention -- I suspect we'll see some of the "late to the table" crowd wanting a piece of this too.
fwiw, Orion Securities gives UTS a 12-month price target of $8.00
fwiw, Orion Securities gives WTO a 12-month price target of $40.00 (a possible take-over valued at $45)
fwiw, Orion Securities gives SYN a 12-month price target of $32.00 (76% from todays closing price)
...and I'm long all three.
no, don't sell anything, not yet...
like, I'm up 18% on WTO and I'm not interested in selling it whatsoever
just sit and wait-- let's see what's on the other side of this move.
...and yes, crude bottomed-- massive hammer
PBW seems to be getting its day in the sun (pun not intended)
My take on it is that there's new money coming into the country. C$ has been incredibly strong in the face of collapsing commodity prices, which suggest that there's a conversion of foreign currencies to the loonie. And by the volume we've seen in the last couple of days, I'd say that somebody big is buying into the less than half dozen available projects in Alberta.
Regulators approve Shell Canada upgrader expansion
http://ca.news.finance.yahoo.com/30082006/6/finance-regulators-approve-shell-canada-upgrader-expansi...
UTS.TO is also breaking out-- on heavy volume...!
fwiw, the uranium sector as a whole looks pretty good.
on just the technicals-- I also like SXR.TO
WTO.TO is on fire -- if you didn't get a chance to buy it, I would also suggest taking a look at SYN.TO
past few minutes these stocks are getting horny
I'm gonna like the close
I expect that today is the pivot, and we'll see confirmation tomorrow
bot more drilling stocks (TCW.TO)
WTO.TO in the green on 3.8 million shares traded
C$ and WTO in the green at the same time
hmmm
I think it's time to buy-- I'll know for sure towards the last 60-minutes of the trading day.
OIH in the green...?
btw, take a look at the hourlies in regards to silver and silver levered stocks.
yes, it takes years of training and racing to be able to spin a 53-tooth chainring
WTO.TO teetering in the green on 2.8 million shares traded
The Dope On Testosterone Tests
Sound drug-testing procedures provide facts but don't determine the fate of athletes caught cheating
Steve Ritter
http://pubs.acs.org/cen/science/84/8435sci4.html
...and as a reminder add PHO to your watchlist.
I'm long.
I should try and post a little more than I have...
is the run in the oilpatch fini...?
Well, 3 out of the 5 positions in my portfolio would beg to differ.
check out FO.V WLE.TO WTO.TO -- three very different energy stocks
the other two, CFW.TO and ESI.TO were hardly hit in today's massacre.
...and I wouldn't be surprised to see XEG.TO bounce tomorrow, if not, the day after tomorrow.
hopefully, I'm not being boastful and conceited-- but trading around a couple of chart patterns, 9-day EMA, Bollinger Bands and the CCI indicator is a reasonable way to make a living.
nothing too complex
C ... back in the old days, Slider would turn bearish after making as little as 20% on his "call" and leaving the other 80% (the parabolic part of the run) to us "chihuahuas."
That said,
...some people used to tell me he was a hedge fund manager creating liquidity at the bottoms to cover his short positions-- when he usually becomes manically bearish its time to buy because he was covering.
Do the opposite of what he says...?
Ohh, I dunno-- I haven't read the guy in years but what I can say is that he's permanently bearish-- it's like a psychological problem with him ... and he's boastful and conceited-- it's everything a trader shouldn't be.
My speculation is that he isn't managing any real money and like most of the folks posting on SI, it's a role playing fantasy.
...about the downhilling-- if you're not in competition why practice something that'll eventually have you killed...?
-- keeping in mind the pros is descending at full speed on roads closed to the public ... and the best downhillers can be found on the dirt.
That said, try doing what I do-- set the gearing on the bike for the type of ride you are about to do. My rides are a combination of bike trails, sidewalks, singletrack and dirt roads-- twisty descents, steep climbs, hard sprints and plenty of city stop and go. Believe it or not, I drag the brakes on the descents-- I really have no need to go faster than 50kph. In the steepest climbs my speed will fall as low as 15kph with my heartrate rising to 188bpm-- not bad for a 43-yr old, eh?
fwiw, I'm using 52/39 chainrings with a 13x25 (SH-CS6600W) cassette-- I have my wife's bike setup with a 50/34 using 12x27 cassette-- the whole point of the ride is to be consistent, to be able to spin the cranks @ 80rpm over 3 hours with the goal of holding a 30kph speed.
not as easy as it sounds <vbg>
Elisabeth... the ride...? the 400km ride...?
no I didn't, not because I'm a chicken (maybe a little) but because the weather wasn't right. It was cold and it rained throughout my vacation-- the morning I had planned to ride back was just 3 celsius with overhead clouds-- not nice enough for this old man. :)
anyway, I'm in pretty good shape-- I'm riding between 80 to 100km a day. All I would really need to be scary fast is 3, maybe 4 races to get that speed back into my legs.
I'm holding 2 silver weighted stocks-- SLW.TO and EDR.TO-- both have the same chart pattern-- CDE certainly isn't an aberration-- it's a pattern I'm seeing sector wide.
yeah, I subscribe.
IMHO, it's well worth the money, and in my time zone I get the races first thing in the morning which is a super bonus for me because it doesn't interfere with my "after the trading day" life with my wife.
I also subscribed to the Vuelta which starts on Saturday.
fwiw, my internet setup is through cable-- I wouldn't want to try cycling.tv using dial-up.
is that the actual link...doesn't make sense...or did you mean cycling.tv...?