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according to this post embry is featured as lead article on gold in investors digest. his only recommendation is alamos gold.
http://www.investorshub.com/boards/read_msg.asp?message_id=2262255
jon
does anybody have an opinion on the news by TM.v? only place i can find it is here:
http://www.kitco.com/
only available in PDF so i cant copy, but scoping study to be undertaken by bear dolbear, and "very positive metalurgical results" well over 90% silver and gold recoveries by leaching.
hi ho silver?
jon
does anybody have an opinion on the news by TM.v? only place i can find it is here:
http://www.kitco.com/
only available in PDF so i cant copy, but scoping study to be undertaken by bear dolbear, and "very positive metalurgical results" well over 90% silver and gold recoveries by leaching.
hi ho silver?
jon
what about western silver - are they not an explorer? also note that the link to AGI's website takes you to TM's website
thanks
jon
'bout time i joined this discussion - great board so far guys! lezzie i got AGI, FSR, GNG, MMG, NPG, SPM, TM for a total of 74% of portfolio (not including PAAS with its mexican holdings) is that enough to qualify me for a membership? ggg do i have too many eggs in the mexican basket? gotta take a look at international northair - too good to be true? dunno
jon
i havent posted in a long time - still own 66% of my high water mark of shares - is 28% of portfolio enough to still qualify me as an AGI enthusiast? ggg
?question for all of you - what are the advantages of a buyout as opposed to building a mid tier producer? it seems to me that a buyout is for the quick canuckbucks whereas building a mid-tier producer is for the long term gold bull. if kaiser thinks it could easily be worth as much as 10$ with good drill results (did i get that right? wow!) how much could this puppy (my dog contribution) be worth as a 100,000oz/year producer? do i hear 10 bagger from here? if so why are y'all looking for a buyout?
jon
well, it certainly has been a long time. time to renew old amores if you get the drift. sold some AGI on this runup - still 28% of portfolio - thats enough for me to post here no? i put the proceeds into NPG - now over a double and CZN - almost a double as well as MMG - hasnt gotten off the starting blocks - ANOu - ditto and AQI - a bet that it will have a piece of the navidad deposit - wonder where its market cap will go ifn when? i still like my PAAS warrents - they have preformed as well or better than most silvers.
gotta like that upcoming AMEX listing and drill results - methinks that they will be goodens
buena suerte
jon
looks like the market liked the news release - and it didnt hurt that the hui and gold itself was up for the day too. we broke 2.00 on october 2nd but didnt stay there. maybe soon we will break 2.00 again - probably before gold breaks 400 is my guess. i suspect that we will see 2.50 before the year is out. anyone know when the amex listing is due to come out?
well we almost got there today - and a big day it was! closed at 1.95 - soon to be marginable, and not a day too soon imho - wanna put on some more shorts on the financial, home construction and retail sectors. by the way i asked a while back when this baby would become marginable - over 2 loonies. i said sept 19 - too optimistic - anbody else wanna take a shot?
looks like every 2-3 weeks we have been having a banner flagpole day. so maybe october 7th? for a revised guess.
jon
i sold all of my MOY - 1.50 is good enough for me. its been a good run - .82 cost basis - not quite a 2 banger, but if everything i bot preformed this well...... i got the distribution, the NEM shares in the bank, but i lost the royalty and the future drilling results - i dont bet on drill rigs any more- been hurt too much on that - fool me once shame on you fool me twice, shame on me. debating on whether to put the money on shorts or canadian gas plays.
jon
alamos really got going today - investors must like the prospects for nearterm gold production, rising POG, lawsuit settlement, and the pp. lookin good, oops is there a gap? oh oh.
DITTOS russ, your encouragement got me in on this play for 10% of portfolio. im in at .82$C - my wife is in for 25% of portfolio at .76$C. ill gladly take my 46% profit in NEM shares and im gonna keep the rest - although they dont communicate well with shareholders - at least they deliver the goods - u bought this to make a profit no? well, u did, didn cha? waddya want - talk or profit? there are a lot of companies that give lots of talk but wheres the profit? im gonna stay in with this one. my MOY shares are free after all and they have proven that they can deliver the goods - and with pierre lasonde saying that they are surprised by the goods in ghana, and with MOY having more properties in ghana this is a long term value play imho. if MOY doesnt trade at least at .40 post distribution, i will be disappointed, but waddya want? tickle your portfolio or deliver the goods in the end? been trading well lately by the way.
jon
those warrents look good to me too - offhand do you know when they start trading and what the expiry date is on them? might just up and buy me some. my PAA.to warrents have performed better than the shares - and i still have some 5 years left on them. think silver will be higher in 5 years? <g> guess i gotta learn the canadian 2 step that russ talks about
jon
well, i sold my first AGI - i had never sold a single share since my first purchase of national gold a while back. do you blame me -it had grown to 43% of my portfolio - isnt that a little overweight? eventually ill sell a total of 1/3 to bring my AGI weight to only 30% of portfolio - that still makes me an AGI bull no? really folks, this is good news and the project can advance - these guys have been doing a really good job IMHO and this puppy will sell for a lot more in the coming bull market ahead.
jon
and from the bigger picture: bonds take a dump again.
interesting thing occurred last thursday the 7th and again yesterday the 13th of august. in the evening when stockcharts gets its data feed on bonds (only once a day) the volume was WAY up - like 583 million on the 7th and 756 million on the 13th. the next day the data had been changed - only 100 and 64 million respectively. someone is fiddling with the data at the exchange. does the esf want to hide its tracks? dont want the market to know that they have been the buyers - bonds would really take a dump then no? and what about derivitives (sp?) most of which are based on interest rates. big time worries out there folks. check out sinclair:
http://www.jsmineset.com/s/Home.asp
an excerpt:
You knew the Fed never had it but the general market participant didn't know it for sure until today.
Today's market is an embarrassment to the Federal Reserve's management and everyone is beginning to know it. Yesterday in a carefully worded statement by the Chairman of the Federal Reserve, we were assured that the Federal would keep interest rates low for a significant period of time.
Today the bond market said that statement was empty rhetoric and spin nonsense.
It is amazing how the networks and brokerage house analysts scramble to make the world right and encourage people to invest in securities. There are only a few people in the general public and in the Gold Community outside of us who understand what the real problem is.
If they have a hint of it they do not know how to define it. We are in a derivative meltdown here and now and it is world-class. Since there is no solvent risk taker of last resort at the end of the fraudulent over-the-counter derivative daisy chains guess who is going to be selected to make things right. Yes, you got it: the US taxpayer.
The Exchange Stabilization Fund is about to cease rigging gold, the dollar and the equity markets because they will have the Cartel of Common Interest - who are also the big six derivative of last resort grantors - to hold up.
Very soon the ESF will be so busy trying to hold together the more than 150 trillion dollars in unfunded, unregulated, non-transparent devoid of money daisy chains of derivatives that it will have to stop trying to get the president re-elected by bulling the market higher.
We are on the verge of a blast upwards in gold which may end up surprising even Kenny Adams. My greatest play ever was when gold blew out $400 in the 70's and never looked back until it hit $887.50.1 am not saying that is what is going to happen nor will I rule it out. Tonight we stand four square in the center of the maelstrom that could prove to be "The Sum of All Bears."
The chart of the bond market shown below contains the most important singular line I have drawn in my career which is saying a lot.
When broken, the neckline in this bond market heralds the payback for all the lies, all the spin, all the intrigue, and all the corporate crime that has transpired since 1968 when gold came out of its extended hibernation.
ciao
jon
hey, kastel, welcome to our little world. read you a lot on russ winters thread, but i cant join the discussion there. didnt know that you were interested in this little play, heh, heh. step right up there gentleman, bring a little of your hoard of cash this way please. seriously im very long this stock - now grown to 40% of portfolio - i just gotta pare back - that is seriously overweight wouldnt you say? maybe we can do a private sale, maybe at 1.62 or so - thats a double for me - payable in specie of course. plata prefered, heh, heh, heh.
more seriously folks, that news was real good, it was the sulfide ore that was holding back the recovery rate. now chester has proven what we long suspected that the rate could be changed, and as someone said it is a matter of inputing all the economic factors - energy, machinery, time, gold output etc to find the optimum mine plan, and chester and company are the best in this business to do so. what claude doesnt seem to understand (is that presumptious of me or what?) is that it is not just the value of the orebody that makes a stock, its the value of the people building the mine. dont they say that mines are made not found? and remember what albert matter used to say in the national gold website - the second best time to invest in a mine is when its getting built - because although the rewards are somewhat less than the drilling phase, the risk is vastly less too. this is now folks! get your tickets here, price going up tomarrow! heh, heh. anybody want to wager on when this puppy first breaks two loonies on the daily close? (marginable with some canuckistani banks) im gonna say friday, september 19th.
any others?
jon
warning to all ta freaks - bearish reversal pattern in AGI yesterday:
http://stockcharts.com/def/servlet/SC.scan?s=TSA[t.t_eq_s]![t.e_eq_c]![as0,20,tv_gt_40000]![wb_eq_1]
and:
http://stockcharts.com/education/Resources/Glossary/bearishengulfing.html
however:
1. Most patterns require further bearish confirmation.
2. Bearish reversal patterns should form within an uptrend.
3. Other aspects of technical analysis should be used as well.
while the stochastics are high they can remain overbought for long periods, the macd remains in a bullish pattern and the cmf has been undergoing accumulation for many weeks now. perhaps this puppy could run some more? see point #1 above.
jon
i havent sold any AGI - not a single share - still have x thousand and 722 shares left from the national gold coversions. AGI is a double position - soon to be a triple position with this runup. my target is still over 2.00 pesos - wishful thinking? bid 1.65 - ask 1.65 on good volume and the opening is 1/2 hour away. is it gonna run to 2 pesos this month? certainly by october, john mccluskey said that they would get an amex listing soon but market cap and share price was holding them back. at least the share price is now safely over 1buck - dunno about market cap - but soon might be enough. an amex listing would be good for another .50 pesos imho and a pp could then be done for 2.50 pesos or so. perhaps a 70/30 debt to equity financing we could be a producer with only 50 million shares out? unreasonable? remember chester millar has done this before!
however i finally bought some CBD myself - just over 3.00canuckistani pesos - only a half position though - because of the great chart and the continuing good news. it does indeed look like CBD is going to get a good push this fall. my target is 4.00 to 4.50
im selling some margin eating stuff like ASM - i didnt like what i saw in hte annual report - i dont trust the guys running the show - better pastures elsewhere - like WTC for instance - great drilling results, zinc beginning a run, copper strong, chance to control a silver district, chance to double the existing deposit nearer the surface to boot! gonna pick it up again after the technicals bottom/turn up - unless silver runs right away i think we can buy it back below 4.00.
thanks michael for the link to the scoping study. i sold 60% of my shares on this last spike - i got 4.45 for them. not bad i guess, near the top. gonna get back in at or below 4.00, i hope. WTC used to be my second biggest holding, and i expect it to be #2again. this scoping study only makes it clear that i dont want to be on the outside of this deal looking in. just want to get more shares for the next go around. WTC (WTZ amex) has been looking as good as any silver share over the last 40-50 trading days since the silver bottom. remember invest with the leaders! or so the old saw goes, must be true as when i invest with the laggards, the keep lagging. gotta live and learn.
http://www.siliconinvestor.com/research/comp_chart.gsp?cs=CDE&cs=PAAS&cs=HL&cs=SIL&c...
viva la plata
jon
well, im keeping my shares, and im even thinking of taking delivery of them in case of global financial problems. i think that since this company should be priced at 2.00-2.50cp (canuckistani pesos) why sell when the trend is up? im sure that at pp will depress the price for a while - especially if they get warrents, but i will oppose those warrents - isnt this a good enough deal as it is? look at the action today, gapped up to 1.59 and the sellers arrived forcing it down to 1.45 - still thats a breakout no? tomarrow will tell i guess. id like to see it close up a little off the bottom - maybe 1.51 or so. don twant to get greedy, this puppy already makes my portfolio look a lot better!
i sold some WTC on this silver rally - i almost hit the top! and now im glad i took some profits - hope to buy it back nearer to 4.00cp - i guess it is too much to ever see it a 3,50cp again, if silver stays above 5.00. however with the recent good drill results with silver over 5.00 their resource could be easily doubled and with the new stuff close to the surface - decreasing capex to boot!
never hurts to take profits, but imho now is not the time to take profits on AGI. let them profits run!
jon
well there was sure plenty of volume on that last trade. i still think that tomarrow will be a down day even tho today had lots of volume at the end. somebody wants into this very badly, and someone else lost patience. oh well.
at this rate im going to hit a double tomarrow - yuk yuk - cost basis at .80 canuckistani pesos. looks like time is on our side to do a pp - maybe over 2.00 if we get a good judgement in the courts. whats this puppy gonna do at 400gold and limited production? heh, heh.
jon
WOW! look at her go now! maybe its our turn? heh, heh, heh. opened at 1.49 and now at 1.45 still 3 hours to go in trading today, but oh, oh, a gap - gaps gotta be filled doncha know? at least thats the old saw, and if enough people believe in it then thats what will happen. the other old saw, former resistance becomes new support, is that happening now, or is there to be a pullback and another test of the 1.40 resistance? the close friday will tell us alot, im sure. (another old saw: why should the close on friday be more important than the close any other day, dunno myself.) personally im waiting for a close above 2.00 loonies - then its marginable with BMO. can that happen before september? nah, too optimistic.
jon
the old saying is volume precedes price - well we are sure seeing volume - now its time to see some price action - been doin ok, but were far behind the others especially given what we have that they dont - an experienced mine building team. perhaps this lawsuit has been holding everyone back - and some of the big guys are jumping the gun on this one. price has been encouraging if not spectacular:
notice that macd has room to run and that cmf has been mostly green for a long time. the volume has been the greatest since the last runup - perhaps we will have enough buying pressure to punch thru 1.40 - and stay there.
well alamos closed at 1.30 today. looking strong in the face of declining gold prices lately. look at the impressive volume! and the macd has lots of room to run. perhaps we base while gold gets in gear again? gotta think that someone is seeing the value in this company - and maybe the lawsuit is about settled - the news from the company couldnt have hurt either - seems like they will have a well thought out drilling program - theyve made a good start at least!
look how alamos has been soaring even tho the HUI is down again today (tuesday, july29th):
next target: can we take out 1.41- the previous high?
go AGI
here is an email from john mccluskey concerning a question on an AMEX listing:
Dear Jon,
We couldn't agree more. I managed IR for Glamis Gold in the 80's before we traded our first share in the U.S. We started with an OTC listing in 1983, went full NASDQ in 1985, then NYSE listed by 1990. By 1985 more than half the annual trading volume was going through the U.S. Chester Millar is more widely known in U.S. investment circles than he is here in Canada. U.S. listing status is clearly one of our key corporate objectives.
Alamos filed a 20F registration with the SEC on June 30th. This is step one. This takes about 60 days to be effective. At that point we have something like a bulletin board listing. Obtaining an AMEX listing means we must meet the minimum qualifications. At this point we would, except for share price and market cap. I can't say at this point when we will cross that threshold, but I don't believe we are that far off in time.
We have recently obtained a Standard and Poor's listing. This gives us "blue sky" status in about 35 states in the U.S. This is just one more step we have taken to achieve exposure to the U.S. market, something we believe is fundamental to achieve a fair evaluation for our shares.
Sincerely,
John McCluskey
CEO
Alamos Gold Inc.
we had another one of those several weeks back. i sure hope that this is the real thing. getting the ruling from the judge will be a plus, especially if it is in favor of the company. some good news will help too - like some of the infrastructure being completed and a tentative date for limited production via the pilot plant - keeping the company in the news is good for share prices - witness MOY as an example of how NOT to do it!
jon
well russ, why not you? you are more elequant than i and are much better versed in the markets - plus im sure that your position is bigger than most of ours. how about it?
jon
ive hung on to all of mine - tho the suspense is killing me. i still have fears that NEM might decide not to complete the deal - ive been having a string of bad deals lately and wonder when i will get another winner. i guess i cant post on the stricly bragging thread, can i? <g> i feel like a batter that is going 0 for something and needs to get his confidence back. cmon guys i need those NEM shares in my portfolio! any guesses where this one will trade post distribution? i guess i all depends on what happens in newfoundland.
jon
just had to post to show my interest in my tumi - used to be one of my bigger positions - just rode it all the way down. always said i wouldnt do it again - couldnt believe it would keep going lower. should be a good bottom fishing candidate by now from these levels. whats your take on their drill results? they seemed good to me but the market is always right in the short run at least - and according to the market they stink. claude seems to think they are pretty good whats the straight poop?
on the weekly it looks like the RSI is about to turn up, and the macd could follow quickly.
on the daily notice that the chk is beginning to go green but the stochastics are fair to middling - not real hopeful for a turnaround - although things could turn on a dime with higher silver - how high? who knows? when? who can say?
jon
please enlighten my stupidity: what are those brown boxes on the chart?
jon
i dont understand the rationale about filling gaps - perhaps you could enlighten me. id like to think you are right - i could use the CDU gap down filled quick <g>
TM sure is a bottom fishing candidate. more dd needed before adding to my collection.
my ta shows that it might be more like 6 months before the rising wedge is forced to resolve:
unfortunately i dont have !extra service so i cant annotate for y'all
jon
yes i read jim puplavas piece on silver. it was well written and was based (i suppose) on the research done by his associate jim morgan as well as ted butler both of whom have written simular pieces in the past. the big question of course is TIMING. i have been investing in silver for many years - and have my big winners - WTC, SSRI, BAY as well as bummers - CDU and SSC. big reward needs big risk no? i currently have PAA.wt, WTC, AVN, TM, CDU - i am looking at adding some more and dumping some gold plays - as i digest this latest report - is the TIME near? the declining wedge coming to an apex three months away seems to indicate so - and it is morgans hunch that we are within 12 months of something big coming to pass. big questions are what and how much to add and when?????? i am looking at HL as it has had excellent momentum and is a member of the $HUI, AVN as it has unparalelled rocket shots coming off a silver bottom (how does .35 - 1.75 last run grab you?) and TM as it has had excellent drill results and looks real cheap here. i have long predicted that silver would lead gold into the gold bull, and i might just be right going into this second leg of this bull run - (some might say we havent begun the bull, my profits say otherwise).
jon
Silver about to shine again?
Dow Jones Business News
China To Launch Spot Silver Trading In Shanghai July 8
Friday July 4, 4:32 am ET
Shanghai, July 4 (Dow Jones) - The Chinese government has decided to launch spot silver trading at the newly established Shanghai White Platinum and Silver Exchange July 8, according to a newsletter from the exchange.
http://biz.yahoo.com/djus/030704/0432000165_2.html
open interest on comex almost to zero:
and comex "eligible" (is this not actually a misnomer?) stockpiles increase:
and a fan formation is combined with a rising trendline - the apex of which is three months from now:
what will happen? only time will tell. ladies and gentlemen get your tickets to watch the show.
jon
http://www.gold-eagle.com/editorials_03/bloom070403.html
check out the chart on AGI:
dig the chaikin money flow - its been in the green almost continually for months - 7 out of 9 weeks are considered bullish - how about 18 out of twenty weeks. sometime this puppy has to explode to the upside as this indicates that somebody has been accumulating this purebred. notice the stochastics - turning up and ready for a bullish crossover - the price will likely rise this coming week. will we break 1.30? get your tickets and watch the show!
waitin and watchin
jon
how should i know? when i read this (before reading your post) my first question is what juniors is he looking at? not mine surely! just goes to show you that some people are eternally optimistic while others are eternally pessimistic - both are not the best attitudes for a sucessful investor.
imho
jon
spammers, paid misinformationists, general bashers and like ilk. see yahoo SSRI board for a preview. do you depend on psychological analysis for entrance and exit timing? im not exiting until this stock fetches triple digits (think it cant happen? let me ask anyone reading this a question - where will AGI be when gold goes over 400? 500? 600? 1000? the POG = DOW? when they hit another target or two as big as mulatos?) think that it cant happen? why invest in gold juniors then?
jon
look at alamos go!
i know it on low volume, but that means that there werent any for sale any cheaper - maybe the selling is drying up the HUI going up today helps too - i can see the day when this stock will be one of the HUI stocks - like GLG - the former chester company is now.
the macd has a lot of room to run and is rising. we might touch the resistance at 1.40 yet. (cmon guys, put in market orders for 10grand shares every day for a week and lets see how high we can go)!
meanwhile yee haw
jon
stockcharts has changed or added stocks several times at my request as i play/like penny juniors traded in vancouver - they have always responded to me very fast.
jon