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O/T . Glad to see you guys have kissed<ggg>and made up!!
You both are GOOD!
Let's go make some money. Noticed a sale at .11. Someone made a great buy at the .095 dip. I think I am right?
Did not stay there long. Supports are theory THIN.
GET 'EM WHILE THEY ARE HOT!!!
Comments??
Mani
We are SOUTH. No one falling for this B/S!
Mani
Sell 700,000,000 shares-Buy 120,000,000 shares in a week's time frame.
Amazing!
Mani
Thanks,
Stole it from another board!
I am not selling until $25.77/shr.lol
Mani
O/T GOLDen Pasta with olive OIL and SILVER capers for me!
Mani
RUcrazy. Yes you are!! Could not resist you left yourself wide open!! lol But smart!!
Have a good week!!
Mani
Speechless! This may take your breath away! Long but worth it!
Printout and take to the library!
It is all about timing! Tree's new nickname "Treetime"
SAN FRANCISCO (MarketWatch) -- Gold futures gained almost $5 an ounce for the week and silver prices ended at a 19-year high, up nearly 8% from last Friday's close as physical and investment demand remained strong.
At the same time, copper closed at a record level and platinum ended at levels not seen since 1980 and close to it highest futures level ever recorded.
"In a world where news stories continue to make ominous ripples, gold is acting like the thermometer of collective global anxiety," said Jon Nadler, an investment products analyst at bullion dealers Kitco.com.
"The victory of Hamas in the recent [Palestinian] elections, the possible transition of Israeli leadership...and the deepening ramifications of recent U.S. political debacles all have investors with one eye on the exit door from paper (toward liquidity) and (at least) one hand firmly grasping a gold bar -- just in case," he said.
Gold for February delivery climbed to a high of $564.50 an ounce on the New York Mercantile Exchange, nearing the 25-year intraday high of $568.50 established a week ago. The contract closed down $1.10 at $558.80 -- up $4.80, or 0.9% for the week.
April gold closed at $563.70, down $1.30, or 0.2%, for the day.
Friday's weak U.S. economic-growth report, which also showed higher-than-expected inflationary data, "continues to add to the list of negatives for the U.S. dollar," said Peter Spina, an analyst at GoldForecaster.com.
Growth in the economy slowed dramatically to a 1.1% annual rate in the fourth quarter, the weakest growth seen in three years, the Commerce Department reported. See full story.
"It is just a matter of time before we have another leg down in the U.S. dollar and this will just add to the luster of gold and silver," Spina said.
Driving force
Essentially, "the driving force behind the gold price this week has been lack of selling -- combined with the steadily growing investment demand, particularly from the exchange-traded funds," said Julian Phillips, an analyst at GoldForecaster.com.
"These forces should continue to push the gold prices, next week," he said.
Even so, it's important to note that "investors are losing focus of the main fundamentals that are driving this bull market," said Emanuel Balarie, senior market strategist at Wisdom Financial.
"Gold has posted new highs in the midst of inflationary concerns and increased global demand," he said, noting that he expects "this trend to continue for years to come, as a teetering U.S. economy and the global demand for an alternate 'currency'."
Looking ahead, he expects "gold prices to consistently post new highs in 2006."
Silver set for $10?
Meanwhile, March silver closed unchanged at $9.605 an ounce, easing back from its $9.75 high. Prices haven't traded at levels this high since 1987.
"The main driver continues to be the silver ETF and this is taking [silver] to fresh 19-year highs," said Peter Spina, an analyst at GoldForcaster.com.
The planned exchange-traded fund investing in silver from Barclays Global Investors moved closer to gaining regulatory approval, according to media reports this week.
Spina warned that while silver prices are moving higher in anticipation of the launch, once the ETF hits the markets, silver prices may initially retreat.
For now, "technicals for silver remain overbought, but momentum is keeping the run alive," he said.
From here, "profit taking should be expected as silver approaches the $10 mark -- with pullbacks finding willing buyers," he said, warning of continuing volatility in the silver market.
Copper, platinum at new highs
Also on Nymex, physical demand for copper and platinum pulled prices higher to close out the week.
March copper added 3.15 cents to close at $2.233 a pound after touching at a record $2.2375 earlier. It was up 6.8% for the week.
April platinum traded at a 26-year high of $1,078.90 an ounce, before closing up $7.60 at $1,072.70 for the session -- up 3.5% from the week-ago close. The record for a front-month contract is $1,085 from March 1980, according to Nymex.
Platinum's sister metal palladium saw its March contract fall by 50 cents to end at $278 an ounce. It was up 30 cents for the week.
"The absence of chart resistance points and persistent investor/fund demand leaves platinum with plenty of scope for gains in the coming sessions," said James Moore, an analyst at TheBullionDesk.com, in a daily commentary.
Meanwhile, inventories of copper were up 878 short tons at 10,058 short tons as of late Thursday, according to Nymex. Gold inventories were up 100,701 troy ounces at 7.32 million troy ounces, while silver supplies were at 124.1 million troy ounces, up 785,831 troy ounces.
Amex Gold Bugs Index up almost 7% on week
Shares of metals-mining companies closed mainly higher, helping the Amex Gold Bugs Index log an almost 7% climb for the week to a close at a fresh record.
The Amex Gold Bugs Index (HUI:
amex gold bugs index equal-$ weight
News, chart, profile, more
Last: 324.32+2.23+0.69%
Mani:)
D***! I am going the wrong direction.
Maybe we need to pull a "Tanya Harding" on the "K" man
:)
Mani
ADD: I see a lot of smart investors here. I doubt you will see little selling under $1.00. That would be giving money away.
Keep in mind sometimes the pinkies go to the dollars and STAY THERE. Not often but the timing on this play is unbelievable.
No matter how this plays. Thanks "treehugger":)
Mani
That may be possible, but looks to me be currently trading(smaller volume with higher percentage price increase)more like a smaller float stock. May be difficult to find shares unless someone sells. I am just an amateur any thoughts from the "pros".
Mani
Thanks. I am always trying to learn
I wish we could replace Mark with anyone!!
Seiously, I believe Mark has some artistic background.
A class in business ethics would do wonders for the boy!
LOOKS like SELLS are outnumbering BUYS 4 to 1!!
Mani
The will also need copper to wire all their new buildings!!
$$$$:)
Mani
That would make to much sense!
I guess it is in the genes. I know several families have at least one "black sheep" in the family.
But three?
Mani
Where does it day anthing about DirectTV? I guess I missed something.
FWIW The OEN deal is part of the basic package. wWhich I agree is great! Especially for the "Flippers". Myself included
Creede,
Just having fun. I would think the I/S would stay the same until the free trading share are reduced.
Mani
A nice little 37 mil dump. Mark the lake is full!!!
OT West! Heads up! Looks like they are trashing you on the VWKM board
"That would be westeffer!!!" eom
Sorry,I would have sent this privately, but I do not have this feature.
Mani
I spoke to them Wed am. I have limited posts. I will save them for more profitable ventures.
Phis,
What does statement mean?
"Did you just make up your statement because you dont want cheap shares"
mani
Phis,
You may have noticed around Tues/Wed the stock started to trade like a low float stock. Yes, were on our ways to BIG $$$ Then started to trade sideways. I called the TA on Wed then Thurs. No dump on Wed But shares added on Thurs.
Sorry first post was bad news. Believe me I wanted this stock to head North also. The greed of the Astrom family strikes again!
Mani
His diluting days are Thursday or Friday
Here is A Wang special! Insider buying "E" coming off soon!
Mani
GLIF is moving!
GLIF ready to move?
LWLL may be making a move
I am in also! Tree what are the conditions on the restricted shares? Thanks in advance
Whoops may not qualify. GFCI or SPRL
My pick GMTH