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Gold making nice moves as well.
Interesting article:
A Chinese Gold Standard?
http://www.thestreet.com/story/11009124/1/a-chinese-gold-standard.html
Cheers
He he. You said it Smitty.
Check this out.
Silver is Approaching Stage Two of its Bull Market
http://www.kitco.com/ind/Turk/turk_feb142011.html
Cheers,
D
4 fun facts
1) Yes but.... Lode will at least double in share price after production is established. $6.00 pps minimum.
2)“Exploration opportunities to expand known mineralization….are outstanding and have the potential of doubling the estimated Measured and Indicated Resource.” (Behre Dolbear NI 43-101, August 2010) (and this is probably very conservative IMO...)so double again
$12.00 pps minimum.
3) Silver Price Ready To Soar! (Silver is at least a double IMO)
http://www.coinweek.com/bullion-report/silver-price-ready-to-soar/
so double again...
$24.00 pps minimum
4) Silver is the lions share of the known resource. Lode will easily be over $24 by 2013 on a new exchange such as AMEX or TSX.
SILVER
What does lode have plenty of?
I'll take "mine all mine" for $1000 Alex...
Daily double:
Good article re: silver.
BTW Silver is trading over 30$ again today.
Silver: Investment of the Decade, or Conservative Bubble?
http://seekingalpha.com/article/252677-silver-investment-of-the-decade-or-conservative-bubble
No reason. LODE is following it's peers to a tee.
Look at this:
Market Vectors Junior Gold Miners ETF
(Public, NYSE:GDXJ)
http://www.google.com/finance?q=NYSE%3AGDXJ
Ignore the drips and buy the dips. No worries mate.
Cheers,
D
Good stuff!
Thanks
Hey there iambrok,
Looked into and those mine are now owned by CMI. 40 years ago in the 1970's gold was trading at $35/$50 an ounce. Wow! If they thought it could be profitable then we will probably do ok at $1300 plus. ha ha.
August 15, 1971: Nixon Takes US Dollar off Gold Standard.
Looks like you were just about 40 years ahead of your time. Not to late to jump in again.
Good luck to you Old timer. Wink
"The Lucerne Resource Area includes the Billie the Kid, Hartford, and Lucerne pits, and extends northeasterly to the area of the historic Woodville bonanza, and north to the historic Justice and Keystone mines.
Bernanke Takes Sides on Debt Limit Vote
Tough talk from the Heli Ben
“I think this is very remote, but it’s not something you want to play around with — the United States would be forced into a position of defaulting on its debt,” Mr. Bernanke said.
Interesting.
http://www.nytimes.com/2011/02/04/business/economy/04fed.html?_r=2&ref=business
Meanwhile.
CANADA FX DEBT-C$ drives to 2-1/2 year high on jobs data
http://www.reuters.com/article/2011/02/04/markets-canada-dollar-bonds-idUSN0416095820110204
and
Prices starting to creep higher
http://www.usatoday.com/money/economy/2011-02-04-inflation04_ST_N.htm
Just a heads up...
Cheers,
Ha ha ya. Hard to know. I just buy the dips in general, usually I buy too soon and miss the true bottom like an idiot.I'm not a trader so I don't really see the gaps etc. I just know when it's under valued. Do you guys see any more possible gaps coming up? I'm looking to pick up a few more.
Thanks,
Cheers,
D
Yup some. They are in the minority though. Most people
are in favor. The vote in the local paper was a landslide yes vote for CMI to proceed. Most people want jobs and municipalities want tax revenue. I would not worry to much about it. Legally they don't have a case anyway, private land, permits in place etc. Town would not even be there if not for mining. Comstock does hold the deck here and the locals will come around to it.
At the Silver City meeting, DeGasperis was knowledgeable and patient with the questioners. But as someone remarked afterwards, "He can afford to be the gentleman. They hold the whole deck."
http://www.rgj.com/article/20110125/OPED04/101250318/Susan-Juetten-Company-holds-all-the-cards-in-Comstock-District
Plus they are making effort and that's nice to see.
Comstock Mining Inc. Installs Sound Abatement Curtains On Drilling Rigs Near Silver City
http://virginiacitynews.com/comstock-mining-inc-installs-sound-abatement-curtains-on-drilling-rigs-nea-p3582-90.htm
Cheers,
The price of gold directly correlates to all
junior minors. So anything regaurding the Fed
be it Ron Paul related or not is topical. Anyway,
to each his own. Here is a news story that came out today
that is more directly related to lode.
The Comstock goes boom
http://www.newsreview.com/reno/content?oid=1916336
Theo McCormick, a resident of Silver City since 1972, lives in the house his father built. Because it’s in the Comstock historical district, he has to get permission to paint it. He was once told he couldn’t put a sliding glass door in it because it wasn’t historical.
“I’m tired of having to go through these regulations and look across the canyon and see these mining companies just tearing it up,” he says. “I don’t feel that open pit mining or strip mining is compatible with residential neighborhoods. The idea they can open a pit mine literally within the city limits just boggles my mind.”
“They” in this case is Comstock Mining Inc., formerly GoldSpring. It’s bought about 6,500 acres worth of mining claims in the Comstock District since 2003. The claims cover parts of Gold Hill, Silver City, the Dayton and Lucerne resource areas, and just south of Virginia City. CMI plans to begin mining this year at its starter mine in the Lucerne area, where it’s permitted, with processing to be done at American Flat. It still needs various permits on other claims.
“We have validated about 1.6 million gold equivalent ounces, and the way that breaks down is just about 1 million of gold and about 17 million of silver,” says Comstock Mining CEO Corrado De Gasperis. “Gold is valuable at $1,300 an ounce.”
It would be a smaller-scale production, mining about 20,000 ounces per year, compared to, say, Barrick Goldstrike’s 2 million ounces per year.
The company has set aside at least $1 million for reclamation efforts, a number many residents think is too small.
Comstock Mining describes its efforts as “revitalizing the Comstock,” saying it will create 30-50 jobs for mostly locals. While it doesn’t have to pay royalties for minerals extracted, it will pay a net proceeds tax. As for what that could amount to, De Gasperis says, “Annually it could be hundreds of thousands, and ultimately we believe it would be millions.” Some community members are not convinced.
“In my mind, revitalizing the Comstock through strip mining doesn’t sound very genuine to me,” says McCormick, who is part of a citizen group, as yet unnamed, that’s formed to fight the company’s efforts. “I’m not sure how you’d revitalize a tourist area by digging giant holes in the ground.”
Comstock Mining has been both notably open and frustratingly vague with the community. They’ve been attending monthly community meetings in Silver City to share information and answer questions, yet they’re not providing many details. Part of that is because, according to De Gasperis, there’s much even CMI doesn’t yet know.
For instance, Comstock Mining plans to use open pit mining in the Lucerne area in Storey County because the property is already an open pit mine. But for other drilling areas, the plan is unclear. “Our best prediction would be open pit, and it’s most likely,” says De Gasperis. “We just started drilling, we don’t even know what’s totally there. But from prior data, we know 200,000 ounces is very near the surface [in the Dayton resource area]. It’s a lot of value, and we believe there could be tremendously more there.”
When residents hear “pit mining” they think of a giant hole gauged out of a mountain—a view even De Gasperis describes as “scarred.” He says the small-scale mining CMI plans to do won’t look like that, though residents have trouble imagining a form of open pit mining that would be palatable.
De Gasperis also says the company has no plans to remove residents from their properties through eminent domain, as mining companies did in the 1980s in Gold Hill. But it is a tool at mining companies’ disposal.
“There’s nothing in our plans that need that,” says De Gasperis. “The notion of eminent domain is insane.”
However, some of the company’s claims are within an area zoned residential, though De Gasperis says no one currently lives there. CMI plans to apply for a zoning change there from residential to “resource”—a move sure to face resistance—which would allow mining to take place on the property.
While residents currently seem most upset by noise from the drilling—the company agreed to start a couple of hours later in the day, 8 a.m., to address this complaint—the notion that mining would take place within or very near residential areas riles area citizens and their supporters.
“One of the mines is immediately behind the Gold Hill Hotel, which is a landmark hotel, and people go to it,” says Susan Juetten of Great Basin Resource Watch. “The Yellow Jacket Mine, one of the old mines they have a claim on, is on the other side of the parking lot. … These are delicate old buildings, so maybe they won’t knock them down, but they’ll be on the edge of a pit.”
Add to that the trucks that will have to transport the minerals to American Flat, between Silver City and Gold Hill. “The emissions from the trucks may be keeping under EPA standards, but if you’re across the street, they wouldn’t be keeping up to your standards for how you want to live,” says Juetten. “Especially for folks who moved up there because it’s quiet.”
“People say, ‘You move into a mining town, you should have expected this,’” says McCormick. “There’s really no comparison between what they did in the 1800s and what they can do now. … These guys can move mountains.”
De Gasperis says it won’t be as bad as residents fear. “My words don’t mean anything,” he says. “But our actions will follow directly.”
Meanwhile, as gold sits beneath the surface of the Comstock, its value shining strongly across stock exchange boards, McCormick looks at his community—a place of about 200 people, where free, town-wide potlucks are common, and kids, parents and grandparents tend an organic community garden. They’ve fought mining interests in the past, and they intend to do it again. While mining companies are powerful, McCormick says area residents are, too.
“We’re not a community that’s to be messed with lightly,” he says. “Due to the previous battles we’ve done, the mining companies are aware of that. There’s a saying from the 1800s that one of the newspapers had, it was, ‘If Silver City can’t do it, it’s not worth doing.’ We’re a pretty powerful community.”
Well, not really off topic because any kind of
audit shake up with the Fed is good for gold.
Some time after March this is going to heat up.
As far as crazy ideas I don't think so but,
if he is crazy Washington could use more crazy right about now.
now.
RON PAUL on COLBERT GOLD STANDARD Debate Jan. 4, 2011
Ron Paul Embarks On Campaign Against Federal Reserve
http://online.wsj.com/article/BT-CO-20110202-715057.html
By Luca Di Leo
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Rep. Ron Paul (R., Texas) will chair a hearing Feb. 9 on the impact of the Federal Reserve's policies on unemployment, as the long-time Fed critic embarks on his campaign against the U.S. central bank.
"Despite enormous amounts of monetary and credit expansion by the Federal Reserve in recent years, the nation's unemployment picture remains bleak," said Paul, who was named to chair the subcommittee on monetary policy after Republicans regained control of the House.
Since the Fed announced a plan to buy $600 billion in government bonds to lift the economy, senior Republicans have attacked the move, saying it could bring runaway inflation. Several lawmakers have proposed narrowing the Fed's mandate to price stability, eliminating the employment part.
Fed Chairman Ben Bernanke has staunchly defended the bond purchases, saying they were needed to kick-start a weak recovery and prevent deflation. With prices so low, Fed officials say they would have taken the step even if their only mandate had been price stability.
Paul, author of a book entitled "End the Fed," is expected to spearhead the onslaught by some Republicans against the central bank. Last week, he re-introduced legislation to deepen audits on the Fed, after an attempt to scrutinize the Fed's interest-rate decisions failed last year. His son, Sen. Rand Paul (R., Ky.), put forward similar legislation in the upper chamber after joining the Senate as a freshman lawmaker in January.
-By Luca Di Leo, Dow Jones Newswires; 202-862-6682; luca.dileo@dowjones.com
We are on target for production in 2011.
Cheers,
D
CEO Blog - Feb 1, 2011
Tuesday, February 01 2011 17:15
Question: Are you still on target for production in 2011? Can you give a starting month for commencing production?
Answer: Our strategic plan clearly calls for a return to mine production in 2011, and validation of mineral resources and reserves of at least 3.25 million gold equivalent ounces by 2013. Planning and scheduling each intermediate objective ensures our qualified team is able to execute timely and effectively. We are fully scheduled with a critical chain of tasks supporting the intermediate tasks necessary for commencing production. Yes, we are on track for commencing production in 2011.
Some of the more critical intermediate objectives scheduled for production include: completing development drilling in our Lucerne Resource Area (completed and recently announced); completing initial (bottle roll) metallurgical testing on all relevant material types in all of the starter mine resource areas (completed); completing full heap leach, column simulation metallurgical testing (in progress); finalizing our starter mine and production plans for the Lucerne Resource Area (in progress), including assessing sufficiency of reserve from the Hartford segment of the Lucerne Resource Area, completing Infill drilling in the Dayton (in progress) and East Side Resource Areas (scheduled), finalizing our starter mine and production plans for the Dayton and East Side Resource Areas (scheduled); finalizing metallurgical process and equipment design (primarily crushing plant and metallurgical process stages) (scheduled); finalizing submitted amendments to existing permits (in progress), as required, purchasing and installing new equipment (scheduled), staffing and commencing production (scheduled).
All of the aforementioned activities are either in progress or scheduled for commencement for production in 2011. Again, we do not know exactly what month production will start because the results of certain tasks are unknown (for example, metallurgical testing results will define final material crush sizes and final crushing equipment design) and we must adapt our activities properly before we commit the next necessary capital expenditures for production. Ultimately, this approach saves tremendous time and money and avoids deploying capital poorly or sub-optimally.
Please recall that our starter mine plan in the Lucerne Resource Area is positioned on private land under our existing permits. So far, we are pleased with the progress of our schedules, both in terms of drilling and all other activities progressing us toward production.
Kindest regards,
Corrado De Gasperis
President and CEO
http://www.comstockmining.com/corporate/...
State bankruptcy bill imminent, Gingrich says
Looks like they are getting ready to have the ammo to screw the municipal bond holders. This is bigger than letting Lehman go down IMO.
WASHINGTON | Fri Jan 21, 2011 5:57pm EST
WASHINGTON (Reuters) - Legislation that would allow U.S. states to file for bankruptcy will likely be introduced in Congress within the next month, Newt Gingrich, the former speaker of the House of Representatives and a powerful Republican party figure, told Reuters on Friday.
http://www.reuters.com/article/2011/01/21/us-usa-states-bankruptcy-idUSTRE70K6PI20110121
China Should Buy More Gold, Silver for Reserves, Daily Reports
http://www.bloomberg.com/news/2011-01-31/china-should-buy-more-gold-silver-for-reserves-daily-reports.html
China should increase its gold and silver reserves, the Economic Information Daily reported today, citing an interview with central bank adviser Xia Bin.
Increasing gold reserves at the “appropriate time” is in line with the strategy of internationalizing the yuan, the report cited Xia as saying. “Related departments” should employ a “buy in the dip” strategy over a very long period of time, Xia said.
Bullion soared nearly 30 percent in 2010, advancing for the 10th year, as the dollar dropped and investors sought a store of value amid currency debasement. China is allowing greater use of its currency for cross-border transactions, seeking to reduce reliance on the dollar.
The report is “a positive factor for gold prices in the mid-and-long term,” Hwang Il Doo, a senior trader at Seoul- based Korea Exchange Bank Futures Co., said today. Still “it didn’t have immediate impact on prices as gold’s gain has more to do with the unrest in Egypt at the moment.”
Total gold consumption in China, the second-largest buyer, may gain 15 percent in the first half, fueled by growing demand for alternative investments and a hedge against inflation, the China Gold Association said last week.
Imports of gold by China jumped almost fivefold in the first 10 months of last year from the entire amount shipped in 2009, the Shanghai Gold Exchange has said. Shipments were 209 metric tons compared with 45 tons for all of 2009, said exchange Chairman Shen Xiangrong.
The country increased gold reserves by 454 tons to 1,054 tons since 2003, the State Administration of Foreign Exchange said in April 2009. The metal only accounts for 1.6 percent of the nation’s reserves held by the People’s Bank of China, according to the World Gold Council. China doesn’t regularly publish gold-trade figures and rarely comments on its reserves.
Immediate-delivery bullion gained as much as 0.7 percent to $1,346.27 an ounce, and was at $1,339.25 at 12:53 p.m. in Seoul. The price rose 2.5 percent on Jan. 28, the biggest intraday increase since Nov. 4 as escalating tensions in Egypt fanned concern that unrest may spread to other parts of the Middle East, increasing demand for an investment haven.
Xia’s remarks echo comments he made last month in an opinion piece for the China Business News.
Ha ha, I know,
How do you escape with 1.5 tons of gold?
Taxi driver: "What the hell you got in these bags lady?"
Sheesh,
Cheers,
D
Ex Tunisia President's Wife Left with 1.5 Tons of Gold: Report
http://www.cnbc.com/id/41115532/Ex_Tunisia_President_s_Wife_Left_with_1_5_Tons_of_Gold_Report
Holy @#$% that's alot of gold.
David Stockman Says U.S. Is `Borderline' on Bankruptcy: Video
Jan.26th 2011
This guy sums up my thoughts to a tee. He's the former budget director under Ronald Reagan so I'd say he might know what he's talking about.
Don't listen to the drips. Buy the dips.
Cheers,
D
Agreed,
I am still buying the dips. Nerves of steel needed here. Probably the gold correction has given some cold feet so they have opted out still others may have panic sold. To each his own. Best time to buy as we have now way over shot the mark. Still,keeping some powder dry here. Bargain hunters will be out soon. We will be going into the second half soon.
Cheers,
D
Good Article.
Ten years ago markets corrected violently because of debt. Margin accounts were bulging with irrational exuberance to the point where even a small shift in sentiment could cause an avalanche of selling. That's exactly what happened. The rise in stocks could not be sustained when dependent on the unlimited availability of credit. Savvy investors began to see the light and gold demand started to climb as did gold prices.
Five years ago the real estate market began to inflate. Once again credit flowed freely as there seemed to be a limitless supply. Markets were also re-inflated as phantom equity in both stocks and real estate was borrowed to buy more and more of each. Once again the inevitable - investing borrowed money could not sustain infinite growth. A gold coin, however, continued to rise in price.
Two years ago the collapse in housing, stocks, jobs and the economy in general, was blamed on what? You got it - A Credit Crisis! Too much debt. You didn't have to be a genius, like the ones you see on TV, to know that all of the trouble in our economy was caused by debt. And gold prices started to rise faster.
Six months ago, predictions regarding the long-term outlook for gold prices were everywhere, ranging from $2000 by prominent banks, to $5000 an ounce and beyond. A broad consensus of those analysts attributed such a positive outlook, at least in part, to rising debt.
Today, reports abound saying we are in recovery. And to what do we attribute this miracle? You got it! RISING DEBT! Our Federal Government is bursting with more than $14 trillion of debt as it attempts to borrow our way out of a credit crisis.
It's financial insanity to acknowledge debt burst the dotcom bubble, the tech bubble, the real estate bubble, the market bubble, then believe more debt can re-inflate all of those bubbles and the economy. It's like trying to bail out a ship from the bottom of the ocean.
It's not a question of "if" it's a question of, "when does the can get kicked over the edge of a cliff." Make no mistake, debt is a serious problem in this country, not just abroad. Today, "some 100 cities in the U.S. will not be able to honour their debt obligations." While cities verge on the brink of default, multiple states are also following suit. Even now, "policy makers are working hard behind the scenes to come up with a way to let states declare bankruptcy."
Default at some levels seems inevitable. The only way it may be avoided is to inflate the money supply to such high levels that inflation will pay debt. You may have to pay $7 for a gallon of gas and $10 for a dozen eggs, but we will be able to pay our debt. As I have said many times, now is the time to see what almost surely lies ahead and take action. While analysts have jumped off the ship at the bottom of the ocean to say we are in recovery, in the end it is only you who can take action to protect what you have worked so hard to save.
For ten years gold has been rising, in large part, due to the unstoppable accumulation of debt. It has protected savings and retirement accounts and provided growth at a time when it seemed nothing else could. With gold prices now off their highs only you can decide whether or not you believe debt can bail out our economy. Only you can decide to buy or not to buy - Gold!
Cheers,
http://www.ibtimes.com/articles/103758/20110121/lear-capital-to-buy-or-not-to-buy-gold-is-the-question.htm?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ibtimes%2Ftopnews+%28IBTimes.com+RSS+Feed%29#
This is going to get ugly. I'm going to see if I can buy
some physical next week.
Best of luck all.
Cheers,
D
Chen Says U.S.-China Trade Gap Not Caused by Currency
http://www.bloomberg.com/news/2011-01-19/chen-says-u-s-trade-deficit-with-china-not-caused-by-currency.html
The US-China power balance
http://www.bbc.co.uk/news/world-us-canada-12224578
Brazil raises interest rates to 11.25%
http://www.bbc.co.uk/news/business-12234927
Brazil Finance Minister Mantega warns of trade war
http://www.bbc.co.uk/news/business-12148841
Sales of 1-Ounce American Silver Coins Soar, U.S. Mint Says
By Pham-Duy Nguyen - Jan 19, 2011 11:32 AM PT
Sales of 1-ounce American Eagle silver coins are headed for a record this month, according to data from the U.S. Mint.
About 4,588,000 coins have been sold in January, according to data on the Mint website. That would be the highest monthly total since sales began in 1986.
Silver futures for March delivery dropped 11.1 cents, or 0.4 percent, to $28.801 an ounce on the Comex in New York today. The price touched a 30-year high of $31.275 on Jan. 3 and gained 84 percent last year as investor demand surged.
http://www.bloomberg.com/news/2011-01-19/sales-of-1-ounce-american-silver-coins-poised-for-record-u-s-mint-says.html
Interesting theory. I think you might be correct. There is no current incentive to release all of the drill data nor are they legally obliged to yet. There may be some more holes that they are keeping under wraps but even if not this PR still proves to me one interesting note. ALL of the drill holes are picking up profitable minerals. It's as though you could swing a dead cat and hit some level of economically viable mining. This is huge.
Cheers,
D
I understand where you are coming from. What I get out of the press release is maybe it's not high grade everywhere but it's very thick. Basically says to me that everywhere within the pit is economical. Every scoop of dirt will have a plus value. This is great news for our starter pit.. Once they start targeting beyond our starter pit we will start to see higher grades. This tells me that the comstock will very very economically viable on a large scale. So I see the glass is half full.
Gold is up. Press release is great and share price drops. Nice. I'll be buying more from the tape painters. Best of luck all.
Cheers,
D
If it makes you guys feel any better I just bought some at 3.13 and I'm already loaded up to the gills but I will buy more if we dip further.
The press release was nothing but net IMO. I think everyone is asleep at the wheel right now. Also folks seam to be waiting out this gold correction in general. I like these quotes in particular...
"This first hole not only corroborated, at more significant depths, our conceptual model but also discovered multiple, previously unknown anomalous silver zones that will be further explored."
"We were pleasantly surprised by the depth of the previously unknown mineralization coming from the Dayton Resource Area's initial drill results. In addition to supporting the future development of a second mine plan, our initial drill hole provides strong evidence for a meaningful expansion of the known, existing near surface resource. We are very much looking forward to continued, focused drilling in this area."
Three RC holes, totaling 2,695 feet, were drilled to the north and west of the Company's existing heap leach facility in American Flat. The holes had two purposes: first, to test for near-surface mineralization in areas designated for possible heap leach expansion; and second, to assess water availability to meet the needs of an expanded heap leach operation. The holes were successful on both counts. No significant mineralization was encountered, and all three holes encountered water inflows during drilling operations.
Mr. Corrado De Gasperis, Comstock Mining Chief Executive Officer, stated, "The development drilling in the Lucerne Area and American Flat represented critical prerequisites for commencing commercial mining and processing. Our team completed an efficient execution of these immediate objectives."
It's ALL GOOD!
Cheers,
D
Here is a little sample taste of the pudding to come.
http://www.prnewswire.com/news-releases/comstock-mining-advances-strategic-plan-with-fall-2010-drilling-results-encounters-590-of-mineralization-in-first-dayton-hole-114151109.html
Cheers,
D
Yup. Proof is in the pudding. We will see if Lode can deliver the pudding this year. If we produce Dore at a good price the perceived risk factor will be gone and the price will rise accordingly. Getting in now does carry some moderate risk, thus the lower price. Think of it as getting paid a premium for sleepless nights, ha ha. Those who get in after production will be on the expansion trade, of a growing company. It will no longer be nearly as speculative and larger fish with big money will jump in on the AMEX or TSX.
Best of luck,
Cheers,
D
Hard to say. I'm guessing LODE may switch to new exchange after production this year. I'm also estimating we will easily be over $8.00 per share by the end of the year thus making the move to a new exchange that much easier.
Cheers,
D
Ha ha, yup fair enough. Still I'll bet the Republicans are gonna create a big stink and the tea party is going to go ape once this hits the hill. Still, the debt limit will be raised unless they want financial Armageddon, no doubt. But the amount of political pea cocking the Republicans do on the issue is going to create a even worse stink around the dollar. Some concessions will be made but not nearly enough to have any effect. Health care will be in the cross hairs and things might get a little ugly. Depends how ballsy the republicans want to go on this. It is a little bit like playing with fire, biggest bluff in history. Fox "news" see how it's in quotes ha ha is just starting to gather steam on this issue now.
GO LODE!!!
Cheers,
D
This spring is perfect timing because I believe gold will get a good bounce around that time. It Should be about the time this turkey hits the fan. The Republicans will create a big media stink and scare people away from the dollar. IT will also shed light on the serious problems the USD faces long term. The run to gold will return around then IMO.
Cheers,
D
P.S Don't listen to the dips, Buy the dips
Threat to Deny Increased Debt Ceiling Is `Playing With Fire,' Schumer Says.
http://www.bloomberg.com/news/2011-01-16/schumer-says-debt-ceiling-threats-would-be-playing-with-fire-.html
2011 – The year when money starts to die
http://financeandeconomics.org/Articles%20archive/2011.01.05%20Money%20dies.htm
Plenty of things will be happening this year to give gold and silver some big boosts. Good opportunity to buy the dips in the next 2-3 months IMO.
#1) Geithner Urges Congress to Raise Debt Limit
http://abcnews.go.com/Business/wireStory?id=12554856
#2) 2011 will be a record year again for foreclosure activity and for the number of bank repossessions,”
http://investmentwatchblog.com/sharga-predicts-more-foreclosures-next-year-2011-will-be-a-record-year-again-for-foreclosure-activity-and-for-the-number-of-bank-repossessions/
#3) Oil will hit $100 per barrel this year
http://blogs.ft.com/energy-source/2011/01/04/barclays-oil-will-hit-100-per-barrel-this-year/
#4) J.P. Morgan Getting Squeezed In Silver Market
http://www.benzinga.com/trading-ideas/long-ideas/10/12/668905/j-p-morgan-getting-squeezed-in-silver-market-slv-jpm
#5) Euro-Zone Issues Keep Percolating EI SPAIN PORTUGAL BELGIUM
http://blogs.wsj.com/marketbeat/2011/01/06/euro-zone-issues-keep-percolating/
#6) Goldman Sachs has a 12-month target of $1,690
http://goldta.blogspot.com/2010/12/2011-gold-forecast-to-rise-buyers-have.html
#7) Rampant Inflation In 2011?
http://www.businessinsider.com/rampant-inflation-2011-the-monetary-base-is-exploding-commodity-prices-are-skyrocketing-and-the-fed-wants-to-print-lots-more-money-2010-10
#8) Iran and the Korean Peninsula
http://www.amny.com/urbanite-1.812039/korea-among-top-concerns-in-2011-1.2586686
Happy new year all!!! We are experiencing a nice little pull back here with the PM's. Looks like some late profit taking probably big funds shuffling funds around for the new year. My new years prediction... At least 1500 gld and over 100$ oil by years end, either Spain or Portugal next in line for pain. Might be a nice buying opportunity once again in the Jan Feb time line. I'm keeping some power dry for some more buying in the next 2 months.
GO LODE!!!
Cheers,
D
Ya ha ha. Over the years I have been checking out the yahoo board from time to time. I think Extreme is actually ok and most of his assessment have been close to spot on. Is he a pumper...yes but a mostly factual one and he tries to come as close to "reality" as he can. One must also remember that it's Xmas time so alot of the regular folks over there will not be posting until new year. The bashers are great in my opinion, they help get the share price down. Stocks that arn't worth a damn don't have this many bashers. Plus they are a good laugh sometimes. We have hard core persistant bashers who have posted all day every day for years, that's a very very good sign. I have 3 more days of work to go then I'll be on Xmas vacation too, so I won't be posting for a while. Merry Saturnalia too all!!! ho ho ho
Cheers,
D
Hope so. Finally got my order filled down at 3.13 today. I have some buy orders down lower if we hit or break 3. Interesting action. Let's hope it continues so I can do some more bargain shopping. Boxing day sale anyone?
Merry Saturnalia,
D
Hold tight kids. Don't let the turbulence on this flight fool you, the end destination remains the same. It's going to be a bumpy ride to the top of Mount Davidson. A Merry Saturnalia to all. Wink
Cheers,
D
More Debt Riots in Greece today. Politicians being stoned.
http://www.telegraph.co.uk/news/worldnews/europe/greece/8203980/Former-Greek-minister-attacked-by-mob-as-riots-break-out-in-Greece.html
Debt riots in London. Aka student tuition hikes.
http://abcnews.go.com/GMA/video/riots-streets-london-prince-charles-camilla-attacked-12362493
Debt riots in Spain. Aka Berlusconi survives no-confidence vote
Yup, I hear ya. Since we are sharing war stories. Been here since 2008. I first bought at .0183 when the stock was brought to my attention through a friend. I researched it alot then bought some into the run up at .02 with speculation funds, then went away on vacation and missed the big run up to .06. Should have had a sell at .05 before I left but you never know so I just held tight. Then watched my investment slowly go down the crapper, still did not sell. I waited for a bottom then doubled down and bought more on on top of that feeding away at .0065ish bringing my cost average down to about $1.15 today's price. So I'm in the green but only because I'm a stubborn mule and I believe in the investment. I just became a bottom feeder. Waited 3 years to be in the green can wait 3 more for the Comstock to be firing on all pistons. Best of luck to all and if you can trade in and out of this thing and keep your shorts you are a better man than I. Best of luck all. Viva la Comstock!!!
Cheers,
D