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I don't believe that stock purchases within a 2 1/2 month period is old news. It is an indication of what the management team feels is going to happen in the future. Anyway, they seem to have faith in the company.
It may have something to do with the OS getting very close to the 600,000,000 authorized.
I have no idea but it appears as though they are getting ready for a run.
I just double checked and the VEDO insiders filed form fours on 20,872,138 warrant shares that were exercised and purchased 273,000 shares since the 1st of the year.
utcheevis, If you take a look at the amount of shares being sucked up by the insiders it appears that this company could give you a good ride. As always, with pennies it is knowing when to get out. Good luck!
The one good thing that I see with the company is that the insiders have been exercising warrants and purchasing the stock. This is a good sign for the future.
I wish you luck but I don't like VEDO. I have a problem with a company that pads their balance sheet with nearly 60% of their assets in goodwill. This is an intangible that is of little use to the company.
I checked in at Stockspot to see if I was right in it's collapse after Lebed took over. He apparently features one stock periodically and he still doesn't know a decent stock from a plate of beans. He featured XDSL on 2-17-07 when the stock was .255. slightly over a month later XDSL is trading at .16, a drop of 37.3%.
30 minutes after the opening gold is up $4.60 and silver is up .23.
JOHANNESBURG -
Gold de-hedging is expected to total 7.5 million ounces (233 tonnes) this year if gold producers maintain current rundown rates of the global hedge book.
International precious metals consultancy GFMS said in a quarterly report that the pace of de-hedging picked up again in the first quarter of this year (2007), after a slow-down in de-hedging in the three months ending December 2006.
Major producers, Gold Fields and Barrick, have confirmed that they had bought back hedging positions in transactions completed in January and February and Peruvian miner Buenaventura bought back 0.5 million ounces (15 tonnes) of contracts in March this year.
The fourth quarter of last year saw de-hedging decelerating to 1.12 million ounces or 35 tonnes.
This contrasted with the "frenetic" pace of de-hedging that took place in the first half of last year. However, total de-hedging for 2006 reached 12.6 million ounces or 390 tonnes - a figure close to the record levels of 2004.
GFMS said last year's aggressive run down in the global hedge book and rapid de-hedging between 2002 and 2004 had reduced the run rate of ongoing de-hedging.
But additional large-scale hedge book restructures or buy backs could not be ruled out, as the outlook for the gold price remained positive.
Today gold closed up .60 at $652.80 and silver closed up .02 at $13.12.
Nice fast profit but an investor needs to know when to get out. HWBI has had five name changes in ten years and the OS are getting very close to the authorized. I would watch out for a reverse split in the not too distant future.
I have played it too and I agree.
I like the company's products and the sales continue to increase dramatically but the balance sheet is a disaster. I also do not like the nearly 300,000,000 OS. It has been a good short term play but the company needs to get into the black to play it long term.
OOPS, should have read $645.70. Thanks for the correction.
gold and silver Friday closing prices for the past 11 weeks:
1-5-07--Gold $605.10--Silver $12.12
1-12-07-Gold $625.40--Silver $12.78
1-19-07-Gold $635.40--Silver $12.81
1-26-07-Gold $644.60--Silver $13.26
2-2-07--Gold $695.70--Silver $13.29
2-9-07--Gold $666.70--Silver $13.83
2-16-07-Gold $668.50--Silver $13.95
2-23-07-Gold $682.90--Silver $14.49
3-2-07--Gold $640.80--Silver $12.82
3-9-07--Gold $650.20--Silver $12.82
3-16-07-Gold $652.20--Silver $13.10
Two excerpts from a David Patch article.
Speaking today before the US Chamber of Commerce during a Summit on Business and Capital Development Chairman Cox took a moment after his speech to identify to reporters that the Commission had settled against Goldman Sachs for the firm’s involvement in two years worth of illegal naked short selling abuses. Cox informed the audience "that is an important case and it reflects our interest in this area" referring to the naked short selling arena of stock fraud.
Some of the larger hedge funds reportedly provide upwards of $150 million or more in trade commissions annually and thus, how insignificant is a $2 million fine weighed against the potential of losing such a revenue stream by having the client take their business elsewhere.
Today gold closed up $5.90 at $652.20 and silver closed up.15 at $13.10. For the week gold is up $2.00 and silver is up .28. the gold/silver ratio is 49.79.
Aluminum---1.2792
Copper-----3.0149
Lead-------.8778
Nickel-----22.2941
Uranium----91.00
Zinc-------1.4848�
U.S. core consumer prices climbed 0.4 percent, more than expected, in February as energy costs bounced back from a January decline and food prices rose at their steepest rate in nearly two years.
"The only thing you can conclude from today's report is that we're still in this situation that we've been in the last eight months: watchful of the trend in inflation. The bottom line is inflation is not going down," said Kathleen Camilli, president of Camilli Economics Llc in New York.
U.S. crude oil futures strengthened, but traders remained cautious after prices slumped to a four-week low overnight. April crude futures were holding below $58 in New York trade.
A rise in oil prices tends to draw gold investors seeking an inflation hedge into the precious metal market.
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"I'm still bullish," said one gold trader.
"With a close today above $654.50 in April, I think we'll see the contract highs tested within 2 weeks. If that happens, I expect to see much higher levels," he added.
When I blast a stock like HESG I do not mean that you cannot make money playing it. I simply point out pitfalls going forward that should be considered if you are thinking long term. The best that I have ever done is a 42.5 times my investment which was on a pink sheet stock a few years ago. Good money to be made if you are careful. Good luck to all!
In the last Quarterly report HESG had assets of $66,585 and current liabilities of $5,109,468 with total liabilities of $8,399,457. So the company owes over 126 times what the entire company is worth. The company lost $$950,159 during that quarter. I don't believe that the pump will last long so this is a very short term only. To dangerous!
It doesn't look good when Utek Corp. sold 1,042,000 during the past 30 days with 9 trades.
Today gold closed up $5.50 at $646.30 and silver closed up .23 at $12.95
One correction. I was born in Washington State, USA and still live there.
I would vote for you over what I have seen so far. I would also encourage you to eliminate all naked short selling.
Pink sheet capital restructure = massive reverse split.
Energy, during the past eight months there have been several fluffy press releases and the same thing happens each time. There will be a nice percentage gain for a day or two and then the stock price settles back near the 52 week low. During that eight months ETLC stock has dropped from .12 to the current .017.
Central Bank gold holdings fall to lowest since 1948, IMF says
15 Mar 2007
bbj.hu
Gold holdings by central banks and other government organizations declined for the eighth straight year in 2006, to the lowest in almost 60 years, figures from the International Monetary Fund show.
Bullion holdings were 867.6 million ounces last year, down 1.2% from 2005, the Washington-based International Monetary Fund said on its Web site. That's the lowest since 1948, according to the World Gold Council. Gold climbed 23% last year as investors took up some of the supply through exchange-traded funds, or ETFs. „There is a lot of speculation some major central banks out of Asia or emerging countries will be increasing their gold position,” said Markus Bachmann, manager of the $280 million Craton Capital Precious Metals Fund in Johannesburg. „What is far more important is the demand coming from the ETFs.”
Of the top 15 government holders, Russia was the only bank to make purchases. Its total was 12.91 million ounces in December, up 3.8% from 12.44 million a year earlier, according to the IMF. Russia central bank spokesman Vladimir Lavrov in Moscow declined to comment. Sellers last year included France, Austria, Spain, the Netherlands, Portugal, Sweden, the Philippines, the Czech Republic, Serbia, Colombia, El Salvador and Mexico. The European Central Bank was also a seller, according to its Web site. China's holdings of 19.29 million ounces in December have stayed unchanged since 2001, when they were 16.1 million ounces, the IMF figures show.
„People like to talk about central banks buying gold when actually they rarely do,” said Matthew Turner, an analyst at Virtual Metals Research & Consulting in London. To be sure, gold is attracting some of the emerging nations. The central banks of Kazakhstan, Belarus, Tajikistan, Suriname and Ukraine increased their holdings last year. „Over the last 10 years what essentially happened was a lot of new gross sales activity from central banks, mainly the Europeans, and very little buy-side activity,” said Philip Klapwijk, chairman of London-based research company GFMS Ltd. who has followed gold and central banks since 1989.
„Last year there was a change and the buy-side interest could be identified to a reasonable scale.” Governments don't tend to buy and sell investments because of the price, Klapwijk said. „Diversification is the name of the game.” Of the 4.98 billion ounces of gold in inventories at the end of 2005, 52% was in the form of jewelry, 18% was in central bank vaults and 16% was investor owned, Klapwijk said. „By the end of this decade, private individual stocks are likely to exceed official stocks for the first time ever,” he said. (Bloomberg)
Today gold closed down $6.70 at$640.80 and silver closed down .09 at $12.72.
I agree Tsafi. I didn't think that there would be anything that you did not already know about. I was aware of the situation but did not realize that it was as bad as it is.
An attorney (I don't remember his name) that has successfully won billions in court through class action suits said, "You will receive more fairness in Las Vegas or Reno than on the stock market.
Overstock was used as an example of having 3.8 million in failed short settlements.
Over 6 billion in failed short settlements every day.
Over 1,000 companies were run out of business before the SHO list started.
The main problem with the SHO list is that naked shorts only need to cover after failure but then it's too late. In the final analysis the people being interviewed said that under the present laws short selling will continue with the SEC being able to do very little to control it.
One investigator invested enough in Global Link stock to own every share. At the time there were only 1,282,050 shares outstanding. I believe that this was immediately after a reverse split. Over 50,000,000 shares were traded and the stock dropped 99% in four hours. I believe that the stock is not trading at the present time. I looked up the management team and only one name appeared, James Brewer. I am familiar with this unscrupulous individual from years ago. He hasn't changed his way of fleecing investors. If you happen to come across a company where he is involved, beware!
Tsafi, Bloomberg used several examples concerning naked short selling. One was Sedona. The short traders were told to "clobber Sedona. Run them out of business". The stock dropped 50% in three weeks.
Two American shortsellers face criminal charges in the first major U.S. prosecution of naked shorting through a Vancouver brokerage in a death spiral financing. A criminal complaint naming Thomas Badian and his younger brother Andreas Badian was unsealed Dec. 4 in United States District Court for the Southern District of New York. Both face one count of conspiracy to commit securities fraud.
Andreas Badian was arrested that same day by U.S. postal inspectors and released on $2-million bail, with $1.5-million cash, and ordered to surrender his travel documents and not to leave the U.S. (All figures are in U.S. dollars.) Thomas Badian remains at large and his current whereabouts are unknown. Both remain presumed innocent unless proven guilty beyond reasonable doubt at a future trial.
Both men, who worked for New York-based Rhino Advisors Inc., allegedly used offshore accounts in a death-spiral financing of Sedona Corp.
The criminal case comes nine months after the United States Securities and Exchange Commission jointly fined Rhino and Thomas Badian $1-million in a consent settlement of the regulator's civil case in February. The SEC defendants neither admitted nor denied any of the regulator's allegations.
Today gold closed down $1.50 at $647.50 and silver closed down .14 at $12.81. For the two days gold is down $2.70 and silver is down .01.
I know. I've been there. You will be asleep long before the report comes on.
I plan to post any relevant information this evening or tomorrow morning.
Tsafi, I don't know about CNBC but I do know that Bloomberg will have the naked short situation on this evening and I will be watching.
VANCOUVER, BRITISH COLUMBIA, Mar 13, 2007 (MARKET WIRE via COMTEX) -- Madison Minerals Inc. (TSX VENTURE: MMR)(OTCBB: MMRSF) is pleased to report that it has been advised by Buffalo Gold Ltd. ("Buffalo") of its 2007 exploration program and expenditures on Madison's Mt. Kare Property in Papua New Guinea. In a release issued today, Buffalo reported:
"In 2006 Buffalo completed an infill drilling program including 64 diamond drill holes for a total of approximately 9,000 meters. The resulting data has been used to update the geological model and resource estimate, as part of the Type 2 Economic Pre-feasibility study required for Buffalo's earn-in to a 49% interest of the Mt. Kare property. The modelling and estimate were completed by Longview Technical and are being validated by Snowden Mining Consultants as the Qualified Persons and author of the previous NI 43-101 report released in March 2006.
Buffalo Gold has initiated its 2007 exploration program estimated at $11.4M. This will include up to 12,000 meters of drilling in 60 holes, detailed geophysics, surface sampling and an assortment of other studies.
A detailed aeromagnetic survey has been completed over the Mt. Kare property. The initial survey interpretations are very encouraging, identifying prominent structures, alteration and possible clusters of intrusions (which are the drivers of mineralisation at the Mt Kare & Porgera deposits).
Several new drill targets have been identified by combining the aeromagnetic data with detailed geology and structural interpretations provided by Stuart Munroe of SRK Consulting. These targets include an interpreted blind extension of the Western Roscoelite Zone to the north of recent drilling and potential down-plunge continuation of the Black Zone towards the C9 Zone. In addition, while drilling to date at the Western Roscoelite Zone has been limited to depths of approximately 200m, geological interpretations indicate the possibility of a separate, high grade phase of quartz roscoelite mineralization at depth.
There are currently three drill rigs operating on site, with a 4th standing by to be used as required once additional drill sites have been constructed. Due to backlog and an extended Christmas break at the analytical facilities, very few drill results have been returned to date this year. Results from the first two drill holes at Red Hill have been received, but drilling did not intersect any significant mineralization. Due to the large size of the target at Red Hill Buffalo plans to review the area in more detail utilizing the new geophysical data prior to continuing to drill the target."
Anything can make a short spurt. Good luck!
I'm not sure what the allure is with SGLS but the company owes more in current debt than what the entire company is worth. SGLS also nearly doubled their losses last quarter from the corresponding quarter the year before. I would be very short and very careful here. The company continues to survive by issuing shares.
Today gold closed down $1.20 at $649.00 and silver closed up .13 at $12.95. Earlier in the session silver hit $13.19. The gold/silver ratio is 50.12.