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The DMA survey is not the benchmark I was talking about. The DMA is only a trade group they take surveys of members. I was just posting as FYI > Now if you go to and look at the total dollars spEnt on DM over last 50 years it has increased yearly FOR 50 YEARS.
CDE is over the $5 spot with some good momo! That is what we needed to break $5 on good volume convincingly - now lets end day 5.25 or better and the shorts will start to feel the burn!
CDE JUNE CALL 5 ! > just hit $.80 > I BOUGHT @ .35 :) > WILL SELL AT $2.00 OR BETTER!
VYEY IMPO is working the wells using participation/warrants that were promised to GFCI investors>?
Victory Energy Drilling Contractor Takes Delivery of New Drilling Rig
Victory Energy Corporation (OTCBB: VYEY) announced today that a new drilling rig has been delivered to its drilling contractor for work in the Corporation's Canyon Sandstone Gas play located in Crockett County, Texas.
The contractor expects to have the rig completely tested and outfitted with the necessary auxiliary equipment by March 11, 2008. This new rig will be available for the next well the Corporation has targeted to drill.
Victory will register its petroleum holdings in the State of Texas, to correspond with its quarterly reports. Victory has a 15% Carried Interest of 74% Net Revenue Interest in each producing well the Corporation develops. Victory's interest increases to 25% Carried Interest of 74% Net Revenue Interest upon payback of the initial drilling investment costs of each well. The Corporation has established a financial facility with Institutional investors providing drilling funds to Victory for the further development of the Canyon Sandstone Gas field. This facility provides for direct participation by the investors in the production of the completed wells on a case-by-case basis.
"Victory will now have the option to have multiple wells being drilled and completed at the same time, this will increase the momentum the Corporation has already established in Crockett County, Texas," stated Jon Fullenkamp, President of Victory Energy Corporation.
Victory Energy Drilling Contractor Takes Delivery of New Drilling Rig
Victory Energy Corporation (OTCBB: VYEY) announced today that a new drilling rig has been delivered to its drilling contractor for work in the Corporation's Canyon Sandstone Gas play located in Crockett County, Texas.
The contractor expects to have the rig completely tested and outfitted with the necessary auxiliary equipment by March 11, 2008. This new rig will be available for the next well the Corporation has targeted to drill.
Victory will register its petroleum holdings in the State of Texas, to correspond with its quarterly reports. Victory has a 15% Carried Interest of 74% Net Revenue Interest in each producing well the Corporation develops. Victory's interest increases to 25% Carried Interest of 74% Net Revenue Interest upon payback of the initial drilling investment costs of each well. The Corporation has established a financial facility with Institutional investors providing drilling funds to Victory for the further development of the Canyon Sandstone Gas field. This facility provides for direct participation by the investors in the production of the completed wells on a case-by-case basis.
"Victory will now have the option to have multiple wells being drilled and completed at the same time, this will increase the momentum the Corporation has already established in Crockett County, Texas," stated Jon Fullenkamp, President of Victory Energy Corporation.
DMA RELEASES QUARTERLY BUSINESS REVIEW (QBR); DIRECT MARKETING DELIVERS 18th CONSECUTIVE QUARTER OF POSITIVE RESULTS. Despite some recession concerns, direct marketers are expecting growth in the coming quarter, according to the DMA’s Quarterly Business Review (QBR) for the fourth quarter of 2007. The 30-page report details how the greater direct marketing community — including direct marketers, agencies, and suppliers — collectively experienced an 18th consecutive quarter of positive economic growth. “Direct marketers recognize that many areas of the economy are slowing,” said Anne B. Frankel, DMA’s senior research manager in research and market intelligence. “That concerns them. So, while for the most part all three segments experienced growth in Q4 and also forecast growth in Q1, both their results and forecasts are more modest than in recent quarters.” Full Story...
** DMA Members can access the report by clicking here.
** Non-Members can purchase a copy of the report at DMA’s online bookstore by clicking here.
dont know about any of that - i do know my DM shop is smoking hot right now - we have had monstrous growth year over year. Personalized DM is HOT right now...... We dont do the BS auto stuff with scratch off tickets or flyers that make u dizzy they are so busy - we handle mostly past buyers and prospects that have visited the delaerships - we dont do the junky stuff - we specialize in high end personalized offers....
Direct mail overall is growing by major leaps and bounds - the new digital presses offer unmatched personalized targetted advertising. DM beats SPAM , TV, Radio for personalized one to one targetted marketing. If you knew anything about DM u would know it is growing by well over double digits yearly for last 50 years. Todays tech and companies abilities to create ultra responsive in house customer and prospect lists combined with the digital presses has been a boom for DM - Our 3 Heidelberg DIs almost out run our heidelberg sheet fed presses these days, almost......
I would bet you dollars to doughnuts DLAV advertises to the dealers by DM for 75%+ of lead flow , if SH is going to market WEBda to the masses of auto dealers DM will be how he does it , most bang for the buck for sure.
Also on Page 1 > 550,825,760 shares of Common Stock, Par Value $1.00 > True that IS not the greatest news - but once these aquisitions come online thru the year - it will all be well worth the cost IMO
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2007
OR
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File Number 1-8641
COEUR D’ALENE MINES CORPORATION
(Exact name of registrant as specified in its charter)
Idaho 82-0109423
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
505 Front Ave., P. O. Box “I”
Coeur d’Alene, Idaho 83816
(Address of principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (208) 667-3511
Securities Registered pursuant to Section 12(b) of the Act:
Title of Each Class Name of Each Exchange on Which Registered
Common Stock, par value $1.00 per share New York Stock Exchange/Toronto Stock
Exchange/Australian Stock Exchange
1 1/4% Convertible Senior Notes due January 15, 2024 New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes þ No o
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No þ
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (check one):
Large accelerated filer þ Accelerated filer o Non-accelerated filer o
(Do not check if a smaller reporting company) Smaller Reporting Company o
Indicate by check mark if the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ
State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold as of the last business day of the registrant’s most recently completed second fiscal quarter.
$994,560,367
Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of February 27, 2008.
550,825,760 shares of Common Stock, Par Value $1.00
http://phx.corporate-ir.net/phoenix.zhtml?c=86472&p=irol-SECText&TEXT=aHR0cDovL2NjYm4uMTBrd2l6YXJkLmNvbS94bWwvZmlsaW5nLnhtbD9yZXBvPXRlbmsmaXBhZ2U9NTUwNDgzMyZhdHRhY2g9T04%3d
WASTE OF MONEY RIGHT NOW - NO BUYERS - But it will turn.eom
wo a doubt - I have a few customers that are responsible for referring me 75% of my auto sales - I quit chasing the auto work long ago - I only have about 1 million non postage auto sales out of 3 million total myself - I have nice group of dealers I work with directly for years and it is good clean business. I am into commercial work mostly now - anyway it is monster rat race of slickster sales managers on the auto side and unsrcupulous brokers on the agency side - selling auto sales direct mail and spot advertising for ups is a wild place to do business - but when u have them call you from a referal on auto side directly it is like money in the bank - u close them 99% of time - were chasing them cold is very hard and most all fail or burn out and or get caught in bad deals that lose money - the referals are gold and the way to make money selling auto dealers - when u have something they want - they call you and u close high percent same day. Now on the broker side like High Octane and SH firm u REALLY need to be careful - talk about risky business - cash up front for all work or no deal for most brokers. I cant tell you how many little agencies like high octane are out there hunting that auto money - they stick bad debt to us suppliers all the time - we now only work with auto delaers directly and or very few of the reputable brokers/agencies. I am sure SH knows the routine - but in the end he needs a company like me with 10 million of brick mortar print and mail equipment on the floor to get it done - in the end they cant compete with us brickandmortarmail supppliers. anyway yes referals are golden in the business
Could give us retail investors a GREAT opp to buy in at lower levels - u r right on the money - these guys are up big $% on the investment - y not take some profits off table - then let us retail investors get in on some nice dips. I hold PAL shares and will add on ALL dips these guys give us - IMO they r false dips in some cases and buy time.
CDE is trailing the HUI index >
One Year
http://finance.yahoo.com/q/bc?t=1y&s=%5EHUI&l=on&z=m&q=l&c=cde
3months
http://finance.yahoo.com/q/bc?s=%5EHUI&t=3m&l=on&z=m&q=l&c=cde
It is TIME for CDE to make its move > thru end of 2008 it is time for CDE to make its move. CDE is Undervalued IMO
Good info FA > The AMEX exchange's HUI index; the Gold Bug's Index of gold and silver stocks:
http://amex.com/othProd/prodInf/OpPiIndComp.jsp?Product_Symbol=HUI
The components (stocks) that make up the index:
http://amex.com/othProd/prodInf/OpPiIndComp.jsp?Product_Symbol=HUI
Not true - auto dealers ad spending is down - have u guys ever heard of DME Direct mail? That is were I come from..... SH knows of DME... Auto spending is DOWN > However a new tool at the right price and right time will do well , it takes traction , these dealers all talk if one has success with something the other wants it - I cant tell you how many times we run repeat type advertising because dealer A had succes and delaer B heard of it and wants in... it is a huge good ole boys club with these managers and auto executives.
I enjoy all of these links and DD pages in IHUB - Totally blows RB and yahoo out of the water IMO.
I think that may be it CTBG has to stop trading and delist , do the swap to CTTH and then CTTH takes over? Here is a company that filed a form 15 recently. The filing was done under CTBG not CTTH, so it could be good news is coming for the share exchange and effective registration>?
Company Elects to Terminate Quotation of Its Common Stock on the Bulletin Board and Its Duty to File Reports With the Securities and Exchange Commission in Order to Focus Its Resources on Product Market Opportunities
US Global Nanospace, Inc. ("USGN") (USGA) today announced that the Company has filed a Form 15 with the Securities and Exchange Commission. As a result of filing the Form 15, the Company will no longer be required to file annual and quarterly reports with the Securities and Exchange Commission. The Company took this action in order to focus its resources on marketing its unique technologies. These technologies include the Modular Autonomous Perimeter Security and Non-Lethal Defense System, commonly known as MAPSANDS, All-Clear(TM) chemical and biological decontamination foam and NanoFilterCX(TM) filters.
Yep they made some good money on that sale! wow.....
Description of the sales transactions:
Date
Number of
Common Shares
Sold Price per
Common Share How effected
02/22/2008
460,000 9.0015 Open market
02/25/2008
540,000 9.1249 Open market
Rule 12g-4 -- Certifications of Termination of Registration Under Section 12(g)
Termination of registration of a class of securities under section 12(g) of the Act shall take effect 90 days, or such shorter period as the Commission may determine, after the issuer certifies to the Commission on Form 15 (17 CFR 249.323) that the class of securities is held of record by:
Less than 300 persons; or
Less than 500 persons, where the total assets of the issuer have not exceeded $10 million on the last day of each of the issuer's most recent three fiscal years.
http://www.law.uc.edu/CCL/34ActRls/rule12g-4.html
MAYBE this had to be filed by CTBG in order to make the CTTH registration effective>?
Interesting it was filed under CTBG >
Also notice a Pre 14c was filed 1/25/06 under this company >
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001084463&type=&dateb=&owner=include&start=0&count=40
But under CTTH these filings are NOT found
http://www.sec.gov/cgi-bin/browse-edgar?company=COIL+TUBING+TECHNOLOGY+HOLDINGS&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany
MAYBE - Maybe it IS a good thing???
Maybe they needed to file this form to say hey this shell, CTBG , is now dead and wont be filing and reports, not that it ever did???? And CTTH is about to take over??? NOT SURE - Sure would be nice to get a PR from Jerry?
Did u guys see the Post on CTBG board by BBB>? New filing out and it looks like GFCI CEO Jim Dial stank has ruined the Coil registration? not sure what this filing means - anyone>?
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Rule 12g-4(a)(1)(ii) [X]
Approximate number of holders of record as of the certification or notice date: 335
Pursuant to the requirements of the Securities Exchange Act of 1934 (Name of registrant as specified in charter) has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Date: February 29, 2008 By: /s/ Jerry Swinford
Jerry Swinford
Chief Executive Officer
http://www.sec.gov/Archives/edgar/data/1084463/000140865108000040/coiltubing1512g022908.htm
Looks like the registration is dead>? Or are they just saying no more filings , we cant afford them and we knw we cant make this registration work?
Need to look this up
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Rule 12g-4(a)(1)(ii) [X]
Approximate number of holders of record as of the certification or notice date: 335
Pursuant to the requirements of the Securities Exchange Act of 1934 (Name of registrant as specified in charter) has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Date: February 29, 2008 By: /s/ Jerry Swinford
Jerry Swinford
Chief Executive Officer
http://www.sec.gov/Archives/edgar/data/1084463/000140865108000040/coiltubing1512g022908.htm
The Jim Dial GFCI / FTXN issues has a lot of Similarities with the Harris County lawsuit between Joe Lanza et al Black Dragon (BDGR) and OMDA Oil and Gas (OOGA).
OMDA claims Joe Lanza left OMDA with assets (TX oil and gas leases) that belonged to OMDA. Lanza cliams the leases are his personal assets and now are controlled by his new company he is CEO of BDGR , while OMDA says not so the leases were theirs and they want them back.
The lawsuit is now 1072 days old and not even close to trial. Lanza keeps playing games and stalling. You can read about it on the boards here - BDGR and OOGA - and or the press releases that have neen issued by both recently. The action is being heard by Harris County.
I have feeling Harris county is going to have to decide a lawsuit on the UERI/FTXN assets actually being GFCI assets sometime in the future - IMPO.
Here is some info on the BDGR / OOGA case >
It is 1072 days from the start date to the PROB end date, end date included may change. 2 years, 11 months, 7 days including the end date below.
Civil Court Docket Inquiry
Activity Results
Court 215TH DISTRICT COURT Case Number 200523020
Style OMDA OIL AND GAS INC VS WILBUR, MORGAN III
Case Type DECLARATORY JUDGMENT Status READY DOCKET
Date Description
06/13/2005 LAW DAY DOCKET MTN TO WITHDRAW PLEADING HEARING HELD
06/14/2005 LAW DAY DOCKET SHOW AUTHORITY (TRCP 12) RE-SET
06/14/2005 LAW DAY DOCKET SPECIAL EXCEPTIONS (TRCP 91) RE-SET
06/30/2005 LAW DAY DOCKET SHOW AUTHORITY (TRCP 12) PASSED
06/30/2005 LAW DAY DOCKET SPECIAL EXCEPTIONS (TRCP 91) PASSED
07/14/2005 LAW DAY DOCKET MOTION TO TRANSFER (COMPLETE) PASSED
09/12/2005 LAW DAY DOCKET SUMMARY JUDG - MTN PARTIAL (TRCP 166A) RE-
SET
09/21/2005 LAW DAY DOCKET SUMMARY JUDG - MTN PARTIAL (TRCP 166A) RE-
SET
10/05/2005 LAW DAY DOCKET SUMMARY JUDG - MTN PARTIAL (TRCP 166A)
PASSED
01/24/2006 LAW DAY DOCKET SUMMARY JUDG - MTN PARTIAL (TRCP 166A)
HEARD (NO RULING MADE)
03/01/2006 LAW DAY DOCKET RE-HEARING - MOTION FOR HEARD (NO RULING
MADE)
03/01/2006 LAW DAY DOCKET LEAVE TO FILE PLEADING HEARING HELD
04/17/2006 TRIAL SETTING TRIAL ON MERITS CONTINUANCE GRANTED
06/20/2006 LAW DAY DOCKET QUASH DEPOSITIONS - MOTION TO (TRCP 186B)
PASSED
06/20/2006 LAW DAY DOCKET WITHDRAWAL OF ATTORNEY OF RECORD GRANTED
11/13/2006 TRIAL SETTING TRIAL ON MERITS CONTINUANCE GRANTED
02/14/2007 LAW DAY DOCKET SUMMARY JUDG - MTN PARTIAL (TRCP 166A)
GRANTED
03/26/2007 LAW DAY DOCKET WITHDRAWAL OF ATTORNEY OF RECORD RE-SET
03/27/2007 LAW DAY DOCKET WITHDRAWAL OF ATTORNEY OF RECORD RE-SET
04/03/2007 LAW DAY DOCKET WITHDRAWAL OF ATTORNEY OF RECORD RE-SET
04/19/2007 LAW DAY DOCKET WITHDRAWAL OF ATTORNEY OF RECORD GRANTED
04/23/2007 LAW DAY DOCKET COMPEL ANS TO INTERROGS - MTN (TRCP 168)
HEARING HELD
04/23/2007 LAW DAY DOCKET OBJECTIONS TO PRODUCTION REQUEST (TRCP 167)
HEARING HELD
05/22/2007 LAW DAY DOCKET SCHEDULING CONFERENCE HEARING HELD
08/06/2007 LAW DAY DOCKET WITHDRAWAL OF ATTORNEY OF RECORD GRANTED
09/24/2007 TRIAL SETTING TRIAL ON MERITS CONTINUANCE GRANTED
12/13/2007 LAW DAY DOCKET SPECIAL APPEARANCE (TRCP 120A) PASSED
12/13/2007 LAW DAY DOCKET LEAVE TO FILE PLEADING HEARING HELD
01/15/2008 LAW DAY DOCKET SPECIAL APPEARANCE (TRCP 120A) DENIED
02/21/2008 LAW DAY DOCKET SPECIAL EXCEPTIONS (TRCP 91) PASSED
05/19/2008 TRIAL SETTING TRIAL ON MERITS
How long has the OMOG vs Lanza et al lawsuit been going on? Anyone know when it was first initiated?
When I see direct mail touts with disclaimers noting a $450,000.00 cost I have to wonder about the stock being manipulated. IMO a stock should run and build based on successful operations and solid filings - not direct mail touts being opaid to raise the stock price. IMO of course. GLTA......
Thank you! I am serious - I just sent in the request.
I will volunteer to be the mod? .eom
Good read on Silver - sign up for this guys free email if you like - I enjoy his perspective > All Silver All the time.
How to Get Into Silver, for Billionaires
(The difficulty of being rich!)
Silver Stock Report
by Jason Hommel, February 27, 2008
According to Forbes, there are only about 900 billionaires. However, there are also hundreds, if not thousands, of funds with many billions of dollars under management. There are also many companies with many billions of dollars in "cash"; and they might not know what to do with it. This article is for all the billionaires in the world.
Who am I? I'm a steward of a relatively tiny $12 million, and I've been studying and writing about silver and Bible Prophecy for 9 years now. I know my subject, and my market. I send my reports to 70,000 email readers. Over the years, tens of thousands of people have written me to give me advice, or to seek it, and so I'm very well connected to what is going on in silver.
I have about 35% of my net worth in physical silver, and about 50% in about 50 junior exploration mining stocks. I co-developed www.miningpedia.com which is a very excellent web site for discovering value among publically traded mining stocks.
I believe that Billionaires have unique challenges to growing their money. So, I will start off by presenting some of the same information I share with beginning investors.
Smaller Things Grow Faster June 19, 2006
18 Biblical Guidelines on how to Manage Money (and your time).
http://www.bibleprophesy.org/goldismoney/biblemoney.html
I don't know what your goals are as a steward of billions of dollars worth of businesses or property or assets, but my goals are to manage my capital more wisely than others, and to help humanity as much as I can.
I feel that both of these goals can be best accomplished by buying silver (and writing my reports).
Here, in sum, is why I think silver is the best investment opportunity in the history of mankind:
1. Silver has been consumed by industry ever since the age of electronics began at the end of World War II, when per capita consumption of silver increased in the industrial world by a factor of ten, to 7/10ths per oz. of silver per person, per year. This has consumed about 95% of all the silver ever mined in the history of mankind, which is about 45 billion ounces of silver.
Silver was available for industrial consumption for the past 63 years due to one factor; the removal of silver from the world's monetary system, which was a trend that started over 100 years ago in the late 1880's in Germany. This trend is now ending, as the bull market in gold and silver has resumed, and which started in 2001.
2. Paper money creation has never increased to the scale that it has, not in the history of the world, and new money creation rates have never been faster rate than now.
U.S money in the banks, (M3) is $13.5 billion, and now growing at 19% per year.
http://www.nowandfutures.com/key_stats.html
The combination of these two factors, silver running out, and paper money proliferating and failing, will cause silver to exceed the money-creation, inflation-adjusted high, of $50/oz. in 1980, when M3 was $1.8 billion (M3 is 7.5 times as much today), which means that silver will go over $350/oz. in 2008 dollars, at some point in the near future.
Here are more of my essays that explain the bullish case for silver:
Silver Keeping Pace with Gold; Set to Outpace Gold January 9, 2008
Why Silver Will Soar May 23, 2007
Why Silver's Ready to Double in a Year March 24, 2007
Speech given at the Silver Summit September 26, 2006
Now, assuming you want to buy silver, here's how to get it: (Shhh! Quietly.)!
Silver is a very small market, and if you enter it, you will likely be the only billionaire in the world trying to get some at this point, and thus, one of the richest billionaires in the world when silver runs up in price.
You will also help to cause silver to run up by at least double in price or more as you buy $1 billion worth of silver, and this action will reveal the fraud of the dollar, fraud that you likely did not help to create. You bear no responsibility for continuing that fraud.
Ending the fraud of the dollar would help make the entire world economy more efficient; and nothing could help humanity more than by helping to end monetary fraud that robs from everyone.
See my article:
Rising Gold Prices Will Help The Economy Dec 2, 2003
But buying silver will be difficult.
Let me warn you. If you are going to try to "out trade" your other fellow billionaires, you must know that you cannot trust them. You cannot trust any of the major banks in the business who will, all of them, offer to store your silver for you. Or, they will try to talk you out of investing in silver. Or, they will tell you that they can give you "all the silver you want". Or, they will try to talk you into buying options or futures contracts for silver.
Don't trust me. Test me on this. Order silver from any major brokerage or bank. See what they say. Listen to them sqirm, or bluff.
Any silver that they say they can hold for you is "phantom" silver. Even allocated silver is not safe. I know. Morgan Stanley recently admitted in a lawsuit that is "standard business practice" in the industry.
I attended many trade shows. People tell me things. I would name more names, but that opens me up to libel claims.
I would not trust any of the major institutions, nor do I trust five of the most well known sellers of gold and silver in this industry. Their prices are too high, or they offer leveraged programs on terms worse than futures contracts, or they offer to hold your gold and silver for you.
One time, a man spoke to me at dinner and told me that he had purchased 10,000 ounces of silver from a mint; this mint is supposedly "government backed" with a AAA credit rating. In this case, the mint was storing his silver, in allocated form, and charging the nominal 1-2% storage fee. But when the man wanted to take delivery of this silver, it took 5 months to finally get it. Five months! This is a serious problem! In this case, this man also didn't want to reveal the name of this mint, because he didn't want the mint to have any financial problems of customers making a run on the mint, and potentially causing the mint to close down, because this mint is one of the primary ones serving a large portion of Asia!
Futures contracts are not safe. There are position limits at NYMEX, that are all well under your potential buying thresh-hold:
$75,000,000: Limit 7.5 mil oz. of silver @ $10/oz. (limit of 1500 contracts per trader) at NYMEX
$15,000,000: Limit 1.5 mil oz. of silver @ $10/oz. (potential 1 month delivery limit) at NYMEX
$7,500,000: Limit .75 mil oz. of silver @ $10/oz. (over 150 contracts and you must reveal who you are) at NYMEX
One of the largest mints in the U.S. told me that a fund manager of some $200 billion discovered that he lived in the same city of this large mint, and decided to pay him a visit. He said that their research department decided to allocate 4% of their portfolio to silver, and he came to see how to go about doing that. Well, 4% would be $8 billion, and not that much silver exists. So the fund manager left. I don't know what he concluded. The man who related this to me, related to me other stories of difficulty in fulfilling orders. For example, sometimes, he may carry a large inventory of 100 ounce silver bars, but the client wants $300,000 of 1 oz. rounds. Not having the rounds, he may try to persuade the client to take the bars, instead. Given such numbers, you can see the difficulty that an order of $8 billion would pose.
I have been in personal contact with about 10 of the largest private coin shops in the U.S. I know from personal experience that they all have difficulty fulfilling orders of up to $300,000. Why? Because all of the large dealers suffered from the 20 year bear market from 1980 to 2000.
Most of the large coin shops try to "drop ship" orders of this size from "the dealer network", by trying to locate a seller in size, or another dealer who has "too much" inventory, and who would have to sell to a refinery.
Not all dealers are honest. Not all will tell you that this is the process when you place an order, and send your money, and lock in a price. Nearly all of the dealers will try to tell you that they can handle orders "of any size". They say this in order to attract business, but the reality is different.
One time, I ordered $200,000 of silver from one of the most honest dealers I know. This dealer, in the past, would take 1-2 days to fill an order of that size. The second time I ordered as much, he had to order from 10 different dealers to fill the order on the second day because it was a rising market.
Another time, I ordered a hundred 100 oz. bars for about $130,000. My very honest local dealer was doing the same routine, ordering from another location. I stressed to my dealer, to ask specifically if this second dealer actually had the physical bars in stock at the moment, and we specified Englehard bars, and not JM bars, and not to drop ship from another dealer. The second dealer, who is one of the largest in the nation, and located in Chicago, said they had the physical bars. But they did not. It took an extra week to get the physical silver, and I suppose the other dealer was lucky that the price dropped that week. Most bars were Englehards, but we received a few JM bars as well, proving that the other dealer lied to get the order.
Don't trust me. Test me on this. Order silver from all ten of the largest coin shops in the nation. Test them. Spread out your orders among dealers, and over time, to see how it works. Order from all of them on a daily basis for up to 10 days in a row. See how much silver you will be able to get. It won't be very much; probably no more than $300,000 worth of silver on average from any of the dealers.
You can find the largest coin shops, and learn more about various silver products, here:
http://find-your-local-coin-shop.com/
If you do that, you will discover something very quickly. Many of the dealers order from Amark, or Johnson-Matthey (JM). You can order from JM, too. But they can, and will, run out. Amark is the largest dealer in the U.S. Amark is Johnson-Matthey's largest and primary dealer to deal with the public. You might be able to get about $3 million in silver from Amark. Johnson-Matthey ran out of silver for up to 6 weeks at one point in the last 5 years.
If you regularly buy silver from the coin shops (to hide your identity), a large part of the silver that might flow to Johnson-Matthey will dry up. It will go to you, instead of the refinery, and you will deprive other industrial users of silver, who will be forced to bid up the price of silver, or be forced to go out of business.
But you won't get very much silver. You would be extremely fortunate to get even 100,000 ounces of silver in a day; a paltry $2 million worth, at $20/oz. At that rate, it would take you nearly 2 years to acquire a billion dollars worth of silver, provided that you could get it so cheaply.
Here are other figures to be aware of:
$7,000,000,000: 350 mil oz. of "identifiable" silver bullion left in the entire world, according to GFMS @ $20/oz.
$2,600,000,000: 130 million oz. of silver "owned" by the Barclays Silver ETF, @$20/oz.
$1,760,000,000: 88 mil oz. of "registered" NYMEX silver bullion (1-05-05) @ $20/oz. http://www.nymex.com/warehouse.aspx
$520,000,000: 40 million oz. of silver purchased for investment, in 2006 at $13/oz.
Finally, with so little silver available, forget trying to get a paper promise of silver. Make sure you get the real physical metal. And set up your own storage house, or vault.
Get "The Real Deal", as Ted Butler says.
http://www.investmentrarities.com/02-26-08.html
There are also two industry groups that produce reports, or surveys on silver.
CPM Group http://www.cpmgroup.com
Silver Institute http://www.silverinstitute.org/
You ought to confirm my research, by reading their reports.
Finally, one of the largest banks with the largest warehouse supplies of silver is HSBC. They are one of the 4 acceptable depositories for NYMEX silver. The three others are Brink's, Scotia Mocatta, and the Delaware Depository.
You can't really get silver from silver miners. Silver mines produce ore. Mines ship ore to refineries. You get silver from refineries such as JM, or from banks such as HSBC. But try to get your silver quietly, and make sure you hire your own guys to store and lift it for you.
Get as much silver as you can pay for, and be responsible for, and no more. Try to get most of your silver on a "cash and carry" basis. Don't use leverage, or borrowed money. Don't follow the failed mistakes of the Hunt Brothers, who, in the late 1970's, bought more silver contracts than they could afford to take delivery on.
The Moral Failures of the Paper Longs Jan 22, 2003
Finally, in case you are a large business, state government, city, county, or small government, you ought to consider the ideas in my Silver Coin Proposal. It details how to introduce silver as money to the people, and how you can pay silver to your employees, in a voluntary way. For silver to enter circulation, which will most increase silver's value, people have to have the option to be able to earn it.
Silver Coin Proposal
http://silverstockreport.com/silvercoinproposal.htm
May God bless you for being a wise steward of His creation, and may He empower you to take dominion over it, and reward you for your business insights.
Sincerely,
Jason Hommel
www.silverstockreport.com
www.miningpedia.com
I bought 1250.00 face value pre 1964 halves quarters at 7x face little more then year ago , todays silver is approx 14x face! I am NOT selling - I also have another $500 face from a collection of coinsd my grandfather gave me , along with many collector tpye coins.
I bought 1250.00 face value pre 1964 halves quarters at 7x face little more then year ago , todays silver is approx 14x face! I am NOT selling - I also have another $500 face from a collection of coinsd my grandfather gave me , along with many collector tpye coins.
IHUB TOXIC FILINGS >
Posted by: ProfitChaser
In reply to: None Date:2/26/2008 9:48:34 PM
Post #of 6745
2/25 & 2/26/08 S-8's
JDSU JDS UNIPHASE CORP /CA/
OGOH ON THE GO HEALTHCARE INC
IR INGERSOLL RAND CO LTD
NWEC NORTHWESTERN CORP
HBNK Hampden Bancorp, Inc.
IWOV INTERWOVEN INC
AMKR AMKOR TECHNOLOGY INC
NTAP NETWORK APPLIANCE INC
IRBT IROBOT CORP
DLAV DealerAdvance, Inc.
AMWS AMERICAN WATER STAR INC
CHC CENTERLINE HOLDING CO
CEO JIM DIAL SAYS > SHUT UP BBB > U GET NOTHING AND WILL LIKE IT!
That is all I see as FACT - He has had every chance to issue a "letter" to shareholders. Not even anything firm on dates or time lines or totals due, just something to say yes I know I owe you guys and I am working on it , we cant even get a letter , not even a cryptique non committal letter , he just more or less is saying U GET NOTHING AND WILL LIKE IT.....
IMO
IMO we MUST force SEC and or an action of some sort by Harris county to be made whole. It goes beyond UERI and the wells , we have GOT, GOTL, PDEI we also are due compensation for. It is CLEAR Jim Dial is not going to willingly compensate GFCI stock holders for these assets that were stripped. It is going to take action by SEC or a civil type fraud suit by Harris county against Jim Dial to force change IMO.
I believe u r correct - it was very generic - not even signed - it said they are legally not allowed to give out the info or update anyone on any investigations thay may or may not be going on , and that is the way it needs to be , however , once it is official they will blast it on the PR wires for the world to see , I do have feeling we will get some satisfaction in time from the SEC on this - IMO
Yes I did see that open interest in the JAN09 puts , huge , I think u r right , they can only hold it down so long , they know it. Look at todays action on the APRIL CALL 5s - 1100+ Contracts already today.
should? Lets see the filing and Ill respond - filing is close - right now it is negative book value.
CEO JIM DIAL DID SAME WITH GFCI SUBS? HE STRIPPED THE SHELL CLEAN W/O EVEN A PR! What is to prevent him from doing this to FTXN>????? GFCI had purchased the assets and was structured same as FTXN/UERI? No one stopped him from stripping the GFCI shell clean nor has anyone even forced him to remark on the stripping of GFCI wholly owned subs and assets!? He just stripped it clean and popped up under FTXN - IMO He will do it again this time to FTXN..... IMO
Low 0.0019 .eom
It is negative, they have 4BILLION+ shares underlying the current structure.
I received a direct mail today from Scott S Fraser "Elite Stock-Market Advisory" he is touting AMNT HARD - The disclaimer says they wer paid $450,000.00 CASH NO SHARES by Mass Media advertising paid Nat-Con publishing for the advertising.
IMPO - BEWARE