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Native silver near the surface was claimed in 2 Nov press release by IMA Exploration (IMXPF OTC:BB). The stock didn't do much. Now the website has photo of drilling sample with silver as pretty as a new dime.
photo: http://www.imaexploration.com/i/photos/2004-09-14_NRphoto.jpg
lifted from http://www.imaexploration.com/s/QwikReport.asp
Pretty, but what's important is that it causes measurements of kilograms per ton rather than the usual gramms per ton. The stock may be moving because of the photos or maybe because a new PR is pending. In any event, volume is up and OBV looks good.
Caradoc
More names I recognize! Hello to you all.
As I posted here a year and a half ago, I was focusing on gold (collector coins and stock) as a way to get well from the PWTC disaster. Since then, I've made back a third of the loss and done enough research to figure out that for a lot of reasons silver is even better than gold. So, what follows is off topic.
Even with gold closing at $440.40 today, my biggest winner over the last week is a silver development company operating in the Patagonian mountains of Argentina. Drilling results earlier this month showed kilograms per ton rather than the usual grams per ton. It's IMA Exploration (IMXPF, OTC:BB) now at less than 4 bucks per share, up nicely today with bigger volume than usual. No news since 2 November, but the web page is showing photo of drill sample with shiny metallic silver that's as pretty as a new dime. (I figure it's either the photos or there's a PR pending to explain the unusual volume.)
Not only does metallic silver do a lot more for grams per ton than do atoms scattered through the ore, but this stuff is near/at the surface allowing for open pit mining which is cheaper than digging a mineshaft.
Disclosure: Bought more last week at 3.34 and still more this morning. Maybe a couple of you would like to join me but only after doing your own due diligence. Start with their "QwikReport" at
http://www.imaexploration.com/s/QwikReport.asp
so that you can scroll down to the expandable photo of the drilling sample. The home page is at
http://www.imaexploration.com/s/Home.asp
Just my opinion, but the investors in PWTC were a better bunch than the company itself and deserve a stock worthy of the investors who once raised money within hours to send "Reg Guheert" to a battery symposium.
Caradoc
Hello to all!
Can somebody give me a "Reader's Digest" summary on status of patents, Alvin S., and where things stand in terms of being able to license or manufacture a battery?
Is emphasis still on lead acid battery with dodecahedronal structure and reticulated carbon substrate? Any separate status on NiFe alkaline version?
Caradoc
PS: It's good to see names of some good people from a couple of years ago. Regards to all
ASLM: volume up on no news. If anybody knows a way to get to press releases other than the two PRs embedded in SEC filings, I'd like to know about it. Meanwhile, here's only website I can find that fleshes out those two PRs:
http://www.blanketpower.com/
Caradoc
It's true that the ratio at the bottom of its range means the ratio "needs" to go the other direction for a bit (or even to the high end of its range), but this could be accomplished while both metals go up if gold goes up faster. After all, the chart that Sinclair put up was a chart of how the ratio had been changing and the TA implications would have meant the same thing if gold were denominated in tens or hundreds or thousands of dollars.
Caradoc
PS: Great idea for a board!
Where's my "Free Hollen" sign? I know I had it here somewhere...
Caradoc
Bullish: 600 years of silver prices...
http://www.goldinfo.net/silver600.html This chart looks like good reason to expect a base around $20 after spiking even higher. Enjoy the ride!
Turning to other resources, if you think natural gas prices are going higher (as I do), then the price of electricity will be going up with it. Take a good look at an alternative for providing poower to the west coast: Nevada Geothermal Power (NGLPF OTC:BB), noting two things:
(1.) No news since name change quite some time ago. This is despite happenings that would have made decent press releases. For example: http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=2647740&doc=1&total=&back=1&...
(2) Quick look at your favorite charting program will show that volume within the last four weeks adds up to as much as the previous five months. Looks like accumulation to me.
Caradoc
Bernard: $430 in London. EOM
Barron's, not Barrick's. EOM
OT: Barron's, not Barrick's. EOM
Barron's, not Barrick's. EOM
Barron's, not Barrick's. EOM
Good to hear from Hasher and may all of you have a healthy and prosperous New Year. Speaking of prosperous, what follows is 100% off-topic of PWTC....
Quick 10-bagger? Nope, better than that
Markets always over-react, and anyone interested in gold knows why Goldcorp (NYSE:GG) was underpriced as of yesterday:
* Barrick's generic anti gold stock article
* People ticked at CEO for cashing out a third or so of his position
* The real killer: people stupidly ticked at GG for having finally sold their multi-ton stash of metal for more than they would have gotten if they'd sold it as they produced it like every other gold mine.
So, underpriced yesterday before gold finished its 10-year "ladle" pattern ( http://www.kitco.com/LFgif/au3650nyb.gif ) and began its move upward. Even more underpriced today because today's increase in price of gold did phenomenal things for the value of GG's biggest asset: gold still in the ground at the world's richest gold mine. AND THIS INCREASE IS ONLY PARTLY REFLECTED BY TODAY'S RISE IN GG!! Do some research in the archives of Sinclair's Mineset site http://www.jsmineset.com/home.asp for why gold's move will continue (and take GG with it!) If you want "Gold 101" here it is from last September: http://www.minersmanual.com/newsarticle.php?NA_ID=125
There ain't no rush like a gold rush, and the price of gold has only begun to move. I see 430 within a week, 500 during February, and really big numbers thereafter. Throw in the history that precious metal stocks do 5 to 7 times better than the underlying metal when the metal makes a big move.
So, GG is a steal at current price but (because markets try to be "orderly") there's even more money to be made in GG options.
For example, when I started writing this January calls at $15 (good until Jan 17) were at ask of $1.30. With GG then at 16.21, the calls were already in the money by 1.21. $15 strike price plus 1.30 for the option = 16.30. When you subtract the then-current 16.21, you find that they were only asking a lousy NINE CENTS for you to own whatever happens to GG's price over the next couple of weeks. Bleepin' incredible opportunity here since if GG goes to 18.21 you'll make 2 dollars on your 9 cent investment. If it goes to 20.21 you make 4 bucks for your 9 cents.I won't take time to figure how many thousands of percent profit that is and you shouldn't either. Just place your order.
The example I gave (March $15 calls) is GGAC (GGAC.O if using Schwab). During the time it took to write this, the market closed with GG at 16.27 (up another 6 cents) and GGAC at ask of 1.35 (up only 5 cents).
Just opinion, but I've got my money where my mouth is. Also got a small pile in CDE March $5.00 calls which I bought at 1.10 and 1.15 a week or more ago. These were up 70 cents today to bid of 1.90 and ask of 2.00. Nice, but I'll be making bigger bucks when I cash in some GG options on 16 or 17 January. What will be even sweeter is exercising some of those options and having the privilege of buying an 18- or 20-dollar stock at strike price of $15.
Caradoc
Quick 10-bagger? Nope, better than that
Markets always over-react, and we all know why GG was underpriced as of yesterday:
* Barrick's anti gold stock article
* People ticked at CEO for cashing out a third or so of his position
* The real killer: people stupidly ticked at GG for having sold metal for more than they would have gotten if they'd sold it as they produced it like every other gold mine.
So, underpriced yesterday before gold finished its 10-year "ladle" pattern ( http://www.kitco.com/LFgif/au3650nyb.gif ) and began its move upward. Even more underpriced today because today's increase in price of gold did phenomenal things for the value of GG's biggest asset: gold still in the ground at the world's richest gold mine. AND THIS INCREASE IS ONLY PARTLY REFLECTED BY TODAY'S RISE IN GG!! Do some research in the archives of Sinclair's Mineset site http://www.jsmineset.com/home.asp for why gold's move will continue (and take GG with it!)
There ain't no rush like a gold rush, and the price of gold has only begun to move. I see 430 within a week, 500 during February, and really big numbers thereafter. Throw in the history that precious metal stocks do 5 to 7 times better than the underlying metal when the metal makes a big move.
So, GG is a steal at current price but (because markets try to be "orderly") there's even more money to be made in GG options.
For example, when I started writing this January calls at $15 (good until Jan 17) were at ask of $1.30. With GG then at 16.21, the calls were already in the money by 1.21. $15 strike price plus 1.30 for the option = 16.30. When you subtract the then-current 16.21, you find that they were only asking a lousy NINE CENTS for you to own whatever happens to GG's price over the next couple of weeks. Bleepin' incredible opportunity here since if GG goes to 18.21 you'll make 2 dollars on your 9 cent investment. If it goes to 20.21 you make 4 bucks for your 9 cents.I won't take time to figure how many thousands of percent profit that is and you shouldn't either. Just place your order.
The example I gave (March $15 calls) is GGAC (GGAC.O if using Schwab). During the time it took to write this, GG went to 16.27 (up 6 cents) and GGAC went to ask of 1.35 (up only 5 cents).
Just opinion, but I've got my money where my mouth is. Also got a small pile in CDE March $5.00 calls which I bought at 1.10 and 1.15 a week or more ago. These were up 70 cents today to bid of 1.90 and ask of 2.00. Nice, but I'll be making bigger bucks when I cash in some GG options on 16 or 17 January. What will be even sweeter is exercising some of those options and having the privilege of buying an 18- or 20-dollar stock at strike price of $15.
Caradoc
Quick 10-bagger? Nope, better than that
Markets always over-react, and we all know why GG was underpriced as of yesterday:
* Barrick's anti gold stock article
* People ticked at CEO for cashing out a third or so of his position
* The real killer: people stupidly ticked at GG for having sold metal for more than they would have gotten if they'd sold it as they produced it like every other gold mine.
So, underpriced yesterday before gold finished its 10-year "ladle" pattern ( http://www.kitco.com/LFgif/au3650nyb.gif ) and began its move upward. Even more underpriced today because today's increase in price of gold did phenomenal things for the value of GG's biggest asset: gold still in the ground at the world's richest gold mine. AND THIS INCREASE IS ONLY PARTLY REFLECTED BY TODAY'S RISE IN GG!! Do some research in the archives of Sinclair's Mineset site http://www.jsmineset.com/home.asp for why gold's move will continue (and take GG with it!)
There ain't no rush like a gold rush, and the price of gold has only begun to move. I see 430 within a week, 500 during February, and really big numbers thereafter. Throw in the history that precious metal stocks do 5 to 7 times better than the underlying metal when the metal makes a big move.
So, GG is a steal at current price but (because markets try to be "orderly") there's even more money to be made in GG options.
For example, when I started writing this January calls at $15 (good until Jan 17) were at ask of $1.30. With GG then at 16.21, the calls were already in the money by 1.21. $15 strike price plus 1.30 for the option = 16.30. When you subtract the then-current 16.21, you find that they were only asking a lousy NINE CENTS for you to own whatever happens to GG's price over the next couple of weeks. Bleepin' incredible opportunity here since if GG goes to 18.21 you'll make 2 dollars on your 9 cent investment. If it goes to 20.21 you make 4 bucks for your 9 cents.I won't take time to figure how many thousands of percent profit that is and you shouldn't either. Just place your order.
The example I gave (March $15 calls) is GGAC (GGAC.O if using Schwab). During the time it took to write this, GG went to 16.27 (up 6 cents) and GGAC went to ask of 1.35 (up only 5 cents).
Just opinion, but I've got my money where my mouth is. Also got a small pile in CDE March $5.00 calls which I bought at 1.10 and 1.15 a week or more ago. These were up 70 cents today to bid of 1.90 and ask of 2.00. Nice, but I'll be making bigger bucks when I cash in some GG options on 16 or 17 January. What will be even sweeter is exercising some of those options and having the privilege of buying an 18- or 20-dollar stock at strike price of $15.
Caradoc
Quick 10-bagger? Nope, better than that
Markets always over-react, and we all know why GG was underpriced as of yesterday:
* Barrick's anti gold stock article
* People ticked at CEO for cashing out a third or so of his position
* The real killer: people stupidly ticked at GG for having sold metal for more than they would have gotten if they'd sold it as they produced it like every other gold mine.
So, underpriced yesterday before gold finished its 10-year "ladle" pattern ( http://www.kitco.com/LFgif/au3650nyb.gif ) and began its move upward. Even more underpriced today because today's increase in price of gold did phenomenal things for the value of GG's biggest asset: gold still in the ground at the world's richest gold mine. AND THIS INCREASE IS ONLY PARTLY REFLECTED BY TODAY'S RISE IN GG!! Do some research in the archives of Sinclair's Mineset site http://www.jsmineset.com/home.asp for why gold's move will continue (and take GG with it!)
There ain't no rush like a gold rush, and the price of gold has only begun to move. I see 430 within a week, 500 during February, and really big numbers thereafter. Throw in the history that precious metal stocks do 5 to 7 times better than the underlying metal when the metal makes a big move.
So, GG is a steal at current price but (because markets try to be "orderly") there's even more money to be made in GG options.
For example, when I started writing this January calls at $15 (good until Jan 17) were at ask of $1.30. With GG then at 16.21, the calls were already in the money by 1.21. $15 strike price plus 1.30 for the option = 16.30. When you subtract the then-current 16.21, you find that they were only asking a lousy NINE CENTS for you to own whatever happens to GG's price over the next couple of weeks. Bleepin' incredible opportunity here since if GG goes to 18.21 you'll make 2 dollars on your 9 cent investment. If it goes to 20.21 you make 4 bucks for your 9 cents.I won't take time to figure how many thousands of percent profit that is and you shouldn't either. Just place your order.
The example I gave (March $15 calls) is GGAC (GGAC.O if using Schwab). During the time it took to write this, GG went to 16.27 (up 6 cents) and GGAC went to ask of 1.35 (up only 5 cents).
Just opinion, but I've got my money where my mouth is. Also got a small pile in CDE March $5.00 calls which I bought at 1.10 and 1.15 a week or more ago. These were up 70 cents today to bid of 1.90 and ask of 2.00. Nice, but I'll be making bigger bucks when I cash in some GG options on 16 or 17 January. What will be even sweeter is exercising some of those options and having the privilege of buying an 18- or 20-dollar stock at strike price of $15.
Caradoc
Quick 10-bagger? Nope, better than that
Markets always over-react, and we all know why GG was underpriced as of yesterday:
* Barrick's anti gold stock article
* People ticked at CEO for cashing out a third or so of his position
* The real killer: people stupidly ticked at GG for having sold metal for more than they would have gotten if they'd sold it as they produced it like every other gold mine.
So, underpriced yesterday before gold finished its 10-year "ladle" pattern ( http://www.kitco.com/LFgif/au3650nyb.gif ) and began its move upward. Even more underpriced today because today's increase in price of gold did phenomenal things for the value of GG's biggest asset: gold still in the ground at the world's richest gold mine. AND THIS INCREASE IS ONLY PARTLY REFLECTED BY TODAY'S RISE IN GG!! Do some research in the archives of Sinclair's Mineset site for why gold's move will continue (and take GG with it!)
There ain't no rush like a gold rush, and the price of gold has only begun to move. I see 430 within a week, 500 during February, and really big numbers thereafter. Throw in the history that precious metal stocks do 5 to 7 times better than the underlying metal when the metal makes a big move.
So, GG is a steal at current price but (because markets try to be "orderly") there's even more money to be made in GG options.
For example, when I started writing this January calls at $15 (good until Jan 17) were at ask of $1.30. With GG then at 16.21, the calls were already in the money by 1.21. $15 strike price plus 1.30 for the option = 16.30. When you subtract the then-current 16.21, you find that they were only asking a lousy NINE CENTS for you to own whatever happens to GG's price over the next couple of weeks. Bleepin' incredible opportunity here since if GG goes to 18.21 you'll make 2 dollars on your 9 cent investment. If it goes to 20.21 you make 4 bucks for your 9 cents.I won't take time to figure how many thousands of percent profit that is and you shouldn't either. Just place your order.
The example I gave (March $15 calls) is GGAC (GGAC.O if using Schwab). During the time it took to write this, GG went to 16.27 (up 6 cents) and GGAC went to ask of 1.35 (up only 5 cents).
Just opinion, but I've got my money where my mouth is. Also got a small pile in CDE March $5.00 calls which I bought at 1.10 and 1.15 a week or more ago. These were up 70 cents today to bid of 1.90 and ask of 2.00. Nice, but I'll be making bigger bucks when I cash in some GG options on 16 or 17 January. What will be even sweeter is exercising some of those options and having the privilege of buying an 18- or 20-dollar stock at strike price of $15.
Caradoc
Quick 10-bagger? Nope, better than that
Markets always over-react, and we all know why GG was underpriced as of yesterday:
* Barrick's anti gold stock article
* People ticked at CEO for cashing out a third or so of his position
* The real killer: people stupidly ticked at GG for having sold metal for more than they would have gotten if they'd sold it as they produced it like every other gold mine.
So, underpriced yesterday before gold finished its 10-year "ladle" pattern ( http://www.kitco.com/LFgif/au3650nyb.gif ) and began its move upward. Even more underpriced today because today's increase in price of gold did phenomenal things for the value of GG's biggest asset: gold still in the ground at the world's richest gold mine. AND THIS INCREASE IS ONLY PARTLY REFLECTED BY TODAY'S RISE IN GG!! Do some research in the archives of Sinclair's Mineset site http://www.jsmineset.com/home.asp for why gold's move will continue (and take GG with it!)
There ain't no rush like a gold rush, and the price of gold has only begun to move. I see 430 within a week, 500 during February, and really big numbers thereafter. Throw in the history that precious metal stocks do 5 to 7 times better than the underlying metal when the metal makes a big move.
So, GG is a steal at current price but (because markets try to be "orderly") there's even more money to be made in GG options.
For example, when I started writing this January calls at $15 (good until Jan 17) were at ask of $1.30. With GG then at 16.21, the calls were already in the money by 1.21. $15 strike price plus 1.30 for the option = 16.30. When you subtract the then-current 16.21, you find that they were only asking a lousy NINE CENTS for you to own whatever happens to GG's price over the next couple of weeks. Bleepin' incredible opportunity here since if GG goes to 18.21 you'll make 2 dollars on your 9 cent investment. If it goes to 20.21 you make 4 bucks for your 9 cents.I won't take time to figure how many thousands of percent profit that is and you shouldn't either. Just place your order.
The example I gave (March $15 calls) is GGAC (GGAC.O if using Schwab). During the time it took to write this, GG went to 16.27 (up 6 cents) and GGAC went to ask of 1.35 (up only 5 cents).
Just opinion, but I've got my money where my mouth is. Also got a small pile in CDE March $5.00 calls which I bought at 1.10 and 1.15 a week or more ago. These were up 70 cents today to bid of 1.90 and ask of 2.00. Nice, but I'll be making bigger bucks when I cash in some GG options on 16 or 17 January. What will be even sweeter is exercising some of those options and having the privilege of buying an 18- or 20-dollar stock at strike price of $15.
Caradoc
Call it a flag or a pennant, it looks like the long bond is about to make a major move in one direction or the other:
http://www.jsmineset.com/dispimg.asp?imgsrc=%2E%2Fimages%2Fchart%2DDec152003%2D9%2Ejpg
My hunch is that the direction will be down, accellerating the current collapse of the US dollar. A couple of weeks ago, USDX broke critical support at 92.28. There have been two or three days of multi-billion dollar level support by Bank of Japan, but except for those days and 20 hours or so after Saddam's capture, the dollar has been tanking badly. Now at 88.32, USDX shows support at 82 and again around 60 or 61. Below that is a gaping void where no dollar has gone before but where all dollars appear to be headed. Six months ago, I would have thought that equities and real estate would both collapse at the same time. Now I'm not so sure. Could be that both equities and real estate will both simply escalate in price in reaction to however low the dollar goes. What's ironic is that such appreciation -- although potentially taxable as a capital gain -- amounts to no more than breaking even.
Caradoc
Catman: Sounds good. With gold going up, MAGR should benefit from being able to work a rich area without the disadvantages that usually come from government bureaucrats. I've got a few years on you, but when you mentioned trout you got me thinking about renewing the old passport.
Any idea whether the Mongolian trout are more like brown, rainbow or what?
Caradoc
Chart: GG going parabolic
http://jsmineset.com/images/chart-dec12003-e.jpg
Sinclair drew in four trend lines, but I think I see an even steeper one as number five. Should produce enough margin to buy more MAGR and APLL.
Caradoc
Chart: GG going parabolic!
http://jsmineset.com/images/chart-dec12003-e.jpg
Sinclair drew in four trend lines, but I think I see an even steeper one as number five. Tomorrow should be sweet.
Caradoc
Chart: GG going parabolic!
http://jsmineset.com/images/chart-dec12003-e.jpg
Sinclair drew in four trend lines, but I think I see an even steeper one as number five. Tomorrow should be sweet.
Caradoc
Chart: GG going parabolic!
http://jsmineset.com/images/chart-dec12003-e.jpg
Sinclair drew in four trend lines, but I think I see an even steeper one as number five. Tomorrow should be sweet.
Caradoc
Chart: GG going parabolic!
http://jsmineset.com/images/chart-dec12003-e.jpg
Sinclair drew in four trend lines, but I think I see an even steeper one as number five. Tomorrow should be sweet.
Caradoc
I suspect we'll see confirmation/elaboration of recent copper news before we see anything on gold in Mongolia, but it wouldn't break my heart to have it turn out the other way around.
Caradoc
GG junior partner options 80% of Chinese site:
http://biz.yahoo.com/ccn/031124/099c7725e0f0cd28208e94671f67fc81_1.html
GG junior partner options 80% of Chinese site:
http://biz.yahoo.com/ccn/031124/099c7725e0f0cd28208e94671f67fc81_1.html
Well, yeah, it's too late for .05 and evidently too late for .455, but after tomorrow's gap up opening (whether to .52 or .54 or some higher number), you ought to be able to pick some up at .49 or so. When your grandchildren look back at 2003, a lousy 50 cents per share won't make much difference if they're sitting on enough shares to be comfortable.
Just how I see it...
Caradoc
Just mentioned APLL among three others in a post to Arch's board:
http://www.investorshub.com/boards/read_msg.asp?message_id=1840500
Am glad you started this board! If/when you come up with a summary DD post for APLL, please feel free to post it on the Goldcorp board since intended scope is gold in general and other precious metal stocks to complement Goldcorp.
http://www.investorshub.com/boards/board.asp?board_id=1997
There ain't no rush like a gold rush....
Caradoc
Goldcorp and other gold stocks:
There's no point in owning GG or any other gold stock unless you believe gold will continue to rise. If you have any doubts, just read Embry's 15 points:
http://www.minersmanual.com/newsarticle.php?NA_ID=125
A look at GG's chart for the last 6 months says that GG is the "luxury car" ride to profits as gold continues its rise. Lots of reasons why:
* literally the world's richest gold mine
* lowest cost of production ($76 per ounce compared to others at $200 to 230)
* arguably the most "heads up" approach in the industry to partnering with small exploratory companies
* debt free
* no forward sales to limit profitability as gold rises
* maybe best of all, they sell only enough of their production to be able to pay their employees and make a small increase in dividends to their stockholders. The rest of their production they just add to their stockpile of processed gold. For example, recent announcement of higher monthly dividend mentioned they had added 2.1 tons to the 6 tons they already had for a total of 8 .1 tons!!
If you like a sportier ride (the excitement of greater volatility paired with the leverage of lower prices), buying GG call options might be your choice. For the last 6 months, it has been a lot like owning a money tree if you ignore the temporary dips. Even better, it's like owning an entire orchard if you sell half your position into strength and buy back during the dips. No reason why this shouldn't continue as long as Embry's 15 reasons remain valid.
Speaking of volatility, MAGR offers both a low entry price and upward momentum. And APLL has moved strongly for the last two days, closing Friday with absolutely no sign of lessening momentum.
If you want even more volatility, wait til the next dip and buy DROOY. True, it's a rough ride like any sportscar, but this is the firebreathing 500 horsepower King Cobra of gold stocks, routinely demonstrating violent forward acceleration, heart-stopping brakes, and a full two G's of lateral thrust while changing direction on the skidpad. Not a ride for the timid at all.
Me? I own more than one vehicle. I own them and use them for different purposes: sometimes I like blasting around corners with the top down, and sometimes I have to haul a load of plywood. But if I had to choose only one vehicle I'd go for a comfortable ride, the kind of ride that Goldcorp offers.
There ain't no rush like a gold rush....
Caradoc
Great photo! Doing a "right click" on this magnificent picture lets you select it as Windows wallpaper so you can look at the crew every time you turn your computer on. Maybe not a good idea, though, for those who power up in the morning before having their first cup of coffee.
Caradoc
GG and others:
There's no point in owning GG or any other gold stock unless you believe gold will continue to rise. If you have any doubts, just re-read Embry's 15 points:
http://www.minersmanual.com/newsarticle.php?NA_ID=125
A look at GG's chart for the last 6 months says that GG is the "luxury car" ride to profits as gold continues its rise. Lots of reasons why:
* literally the world's richest gold mine
* lowest cost of production ($76 per ounce compared to others at $200 to 230)
* arguably the most "heads up" approach in the industry to partnering with small exploratory companies
* debt free
* no forward sales to limit profitability as gold rises
* maybe best of all, they sell only enough of their production to be able to pay their employees and make a small increase in dividends to their stockholders. The rest of their production they just add to their stockpile of processed gold. For example, recent announcement of higher monthly dividend mentioned they had added 2.1 tons to the 6 tons they already had for a total of 8 .1 tons!!
If you like a sportier ride (the excitement of greater volatility paired with the leverage of lower prices), buying GG call options might be your choice. For the last 6 months, it has been a lot like owning a money tree if you ignore the temporary dips. Even better, it's like owning an entire orchard if you sell half your position into strength and buy back during the dips. No reason why this shouldn't continue as long as Embry's 15 reasons remain valid.
Speaking of volatility, APLL has moved nicely for the last two days, closing Friday with absolutely no sign of lessening momentum.
If you want even more volatility, wait til the next dip and buy DROOY. True, it's a rough ride like any sportscar, but this is the firebreathing 500 horsepower King Cobra of gold stocks, routinely demonstrating violent forward acceleration, heart-stopping brakes, and a full two G's of lateral thrust while changing direction on the skidpad. Not a ride for the timid at all.
Me? I own more than one vehicle. I own them and use them for different purposes: sometimes I like blasting around corners with the top down, and sometimes I have to haul a load of plywood. But if I had to choose only one vehicle I'd go for a comfortable ride, the kind of ride that Goldcorp offers.
There ain't no rush like a gold rush....
Caradoc
Great idea for a board!
Suggest adding Goldcorp (NYSE:GG) for several reasons:
* literally the world's richest gold mine
* lowest cost of production ($76 per ounce compared to others at $200 to 230)
* arguably the most "heads up" approach in the industry to partnering with small exploratory companies
* debt free
* no forward sales to limit profitability as gold rises
* maybe best of all, they sell only enough of their production to be able to pay their employees and make a small increase in dividends to their stockholders. The rest of their production they just add to their stockpile of processed gold. For example, recent announcement of higher monthly dividend mentioned they had added 2.1 tons to the 6 tons they already had for a total of 8 .1 tons!!
Also suggest adding APLL for sportier reasons. In addition to CDE, ought to include HL since both Idaho companies do the same thing in more ways than one and their silver angle complements gold nicely.
There ain't no rush like a gold rush....
Caradoc
Question for Stingray/ others:
Maybe looking at Bollinger bands isn't part of traditional candlestick analysis, but a 10-day chart of GG looks semi-scary when set up to show both candlesticks and Bollinger bands.
I'm about 70% convinced that Monday morning might be a good time to take money off the table at 18.20 or so and plan to re-enter at a lower price.
Any thoughts one way or the other?
Caradoc
For variety: APLL.
10 or 11% ain't bad....EOM
Stingray2: I'm hoping it bounces nicely off the 400 level at least 2 or 3 times before breaking through. Selling a fraction at/near the interim top and buying it back the next afternoon is easier than working for a living. Unless it actually gets past 400 with some staying power, the knockdowns should become even nastier looking ("Gold drops more than $20!!") as we approach 24 Nov date for December contracts. Which translates to buying back even cheaper the next afternoon.
Caradoc
Ruellit: Thank you. I didn't get the price I wanted today (had expected gold to get a 5 or 7 dollar slapdown and had limit order in at 15.47). 19 minutes before the end, I went ahead and paid 16.84 for the stock and equally high price for some calls. Took a nap and woke up to see GG had closed at 17.22 and the calls were up nicely indeed. Sometimes you can't get what you'd like but it ends up being a good thing.
Caradoc