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How much of silver is used for consumer use? And how does the increase of consumer use affect the long-term price of silver? And how does this compute in your investment strategy?
Could we be in for new lows for Silver today or is this where we BOUNCE BACK?
Charts on LODE, SILVER are near or at some support levels...http://stockcharts.com/h-sc/ui?s=LODE&p=D&yr=0&mn=3&dy=0&id=p80200970519
Looks like the ideal place to bounce forming that double bottom or could things change again and we crash through these support levels by the end of the day? We've all seen things change on a dime.
Margin Call's was putting the pressure on investors the in recent sessions especially yesterday but analysis such as Peter Kenny (if I've got his last name correct; just interviewed by CNBC) are calling it here saying; sell-off in Silver is over!
We'll see. Personally I have a buy order in under $3.00 but I am beginning to believe its not going to happen!
I added more at $3.10...:)
So stop in anytime!
With RSI heading into the buy area and accumulation steady even though the MADC has crossed...it is almost time to back up the truck. Especially considering we really haven't drop below our range play.
http://stockcharts.com/h-sc/ui?s=LODE&p=D&b=5&g=0&id=p71540039404
Anybody alse believe we drop into the $3.50's before the next leg up?
In this range play of $3.52 ~ $3.80 for the last several sessions, accumulation continues to grow...just hoping this RSI dips just a wee bit more...be my luck AMEX will get approved and I'll be chasing this thing.
Hugh Increase in the price of gold! Something about S & P rating of the us economy by 2013. That if corrective measures are not taken to stabelize the US dollar we would be getting a much weaker overall rating. And this is a long sentance but at that announcement the price of gold just took off straight UP!
CNBC Breaking News Story: S&P Affirms US AAA Ratings While Revising Outlook to Negative (story developing)
The historical area’s can greatly improve their tourism with increase revenue from such a mining project!
To call this a win – win scenario is an understatement!
1. Next to no unemployment
2. New business’ generated and improvements to current business’s.
a. Gas stations
b. Hotels
c. Motels
d. A country western store…do you have any idea what real, authentic country western wear and accessories cost in Richmond, Va???? A Lot!
e. Airports
f. Various Restaurants catering both to the residents of all ethnic’s classes, (be creative, Wild Bill’s Buffalo Burger’s,) as well foreign taste (Red Lobster).
g. More money for education
h. Schools
i. Jr College’s
ii. Future University’s
i. Public gym’s, pools, social Halls
j. Churches
i. Youth Camps
ii. Mission outreach facilities for benevolences, evangelism, out door drama’s like the “Lost Colony” of Manteo, NC & the “Cross & Sword,” of Saint Augustine, Florida. Florida’s outdoor drama’s create Millions and Millions in revenue!
k. Night Clubs. There is a place in Va Beach area this side of the tunnel that has this club that has Country Western in one area and families are doing line dancing, Rock-n-roll on another and a Hard Rock Café’s so to speak for the youth who get into that sort of thing.
l. Golf Clubs…O’ I’m sure no town person’s going to get rich investing in one of those!
I want to be on the city counsel! I'm excited just thinking about it!
The future is as bright and promising as you can dream!
So get-r-done! You all come back now ya hear!
I would think so now that we have a gap to fill.
Your logo should be a FOX! LOL!
I tend to think in terms of perks rather than rough-em-up.
Sweetening the pie, icing on the cake, everybody needs long term health care benefits for being honorary curators of such a significant historical area (group insurance), life-time membership to the new Star Bucks that will be opening, scholarships for the residents...etc...And this is no joke!
Take care of them don’t take it away!
You all come back now – ya hear!
Reviewing the trend line for the last fifty days this is looking very good! It may drop to $3.28 but I just can’t see much lower than that – there are no gaps to fill…and if it does drop below that it won't be for long.
At this stage of the game figuring the bottom (after recent & positive CC) is a greater risk. Especially considering the price of precious metals are down and we haven't fallen any more than this.
I bought more a couple of days ago because I am a long term investor (2007). We have accumulation, RSI is strong...I think considering the news accumulation should continue in expectations of additional positive PR.
Just my opinion!
It's all been said! Everyone is so quiet & waiting for the big day! Man I am just sitting here enjoying the view! Maybe after the CC the ride will get a little smoother don't you think!?
These prices are a gift! A year from now we all will be wishing we had backed up the truck last week!
This could very well be a new support level!
How relative are both company’s in comparison to progress? That is actual mine production? How would you relate/compare over all management? Not to illustrate one is better than the other as if to compete but simply in terms of progress?
And to me the first step would be in achieving everything necessary for not only production but AMEX listing? Which everyone wants considering investors at that time give such company’s some serious consideration.
Considering the recent pull back I thought for sure we'd fill the next gap down...almost bought at $2.70 but I thought, "no it's going to dip lower".
Added yesterday at $2.90...Hate when that happens!
Investors waiting to see if LODE makes good on this proposal. It will surely jump start things!
I'm not suggesting insider trading, but you'd think we're on the verge of hearing some good news for this thing to pop like this! This move was no small potatoes.
Good reminder...and we surely have filled the gap!
And I thought I had the jump on everyone...hate when that happens!
I saw the name and pulled the trigger before I really ID the target.
I do deer hunt a little better...although I almost shot a guy in the A$$ about five years ago, trespassing down the hill, over the creek about 200 yards away..he wasn’t suppose to be there and all I can say is that I was up in that tree stand and saw the white tail out of my peripheral vision ...pulled the gun up to peer through the scope, turned to 10X and was about to take off the safety when I heard a most identifiable human noise...I guess it’s just as well I didn’t hunt any this year.
Comstock Resources, Inc. Announces 2011 Exploration and Development Budget
"SOURCE Comstock Resources, Inc.
FRISCO, Texas, Dec. 16, 2010 /PRNewswire-FirstCall/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it plans to spend approximately $522.0 million in 2011 for development and exploration activities. The 2011 drilling program will focus on the continued development and delineation of its Haynesville shale and Bossier shale properties in North Louisiana and its Eagle Ford shale properties in South Texas. Comstock is currently utilizing six operated drilling rigs for its drilling activity. Five of the rigs are currently drilling Haynesville or Bossier shale wells and one is currently drilling the Company's fourth Eagle Ford shale well. Comstock plans to release one of these rigs during the first quarter of 2011 and plans on moving one of the Haynesville shale rigs to the Eagle Ford by the middle of 2011.....
....Taking into account the planned 2011 drilling and completion activity, Comstock expects production in 2011 to approximate 85 to 90 Bcfe, a substantial increase over production in 2010."
http://www.wbtv.com/Global/story.asp?S=13684027
Well now allow me to be the first,..you all have a Merry Christmas now Ya hear!
Kind of scary,,,sounds like OCD to me. Or it could be a kind of episodic and repetitive self-harm; they also are impulsive acts, and the difference between them seems to be a matter of degree.
Episodic self-harm is self-injurious behavior engaged in every so often by people who don't think about it otherwise and don't see themselves as "self-injurers."
It generally is a symptom of some other psychological disorder.
Maybe Madoff could share his personal counselor..what do ya think?
But seriously with the added paid staff, isn't it more of a corp. level decision making environment they all work in now?
I mean wasn't one of the ideas behind the last RS? That it takes away the decision making away from any one person?
Cause I get the impression that if his behavior/decision making becomes repetitive they’re are some who reason that maybe he should spend some time with Bernie.
No pun intended!
Thanks for the reminder! It’s encouraging to read an intelligent post. For a while no one was saying anything and the only place left are the idiots on Yahoo…most of which are a disgrace to depression.
Who/Why the selling Premarket? Did I miss a pop in premarket price that someone is taking advantage of? I haven't found a negative PR about Comstock that would spike the nerves ..maybe somebody’s wife is screaming.."Where is the money that was in OUR CHRISTMAS SAVING ACCOUNT?! # @ * !
Good, my order at $3.15 will be filled tomorrow. Funny thing is has anyone checked on the price of gold? http://www.kitco.com/charts/livegold.html
When this things finishes it's correction we are going to have a nice ride back up!
You're saying we will see this today or you're expecting the correction to continue tomorrow?
Today I don't see us dipping below $3.15 but that won't fill the gap will it? But I have to admit I've a lot to learn?
ditto..I just can't help it.. I had to buy some more.
Yea probably so, just got my attention since it was a pre-market approx 7:00am sell.
Which is just crap because I couldn't place an order prior to 8:00am and had to settle for a buy at $3.59. Unfortunately my $3.00 order was never filled.
What is up with this magnitude of a pull back though in Pre-market? This is a strong reversal? Is there news we don’t know about? SLV, SWL, GLD, Kitco spot price of Gold/Silver are going the other way?!?!?!?!?
IS this the filling of the gap others are believing that must be done - for the next leg up?
I'm with you on LODE...Had to take remainding profits from SLW and purchase more LODE.
Cash on the side til I see some stability for anything else.
Yes I've noticed that recently this board tends to talk during upside also.
Mostly just on hold for PR that will lift us to next level.
Nothing else seems to matter.
Personally I'm interested in the price of all precious metals, current trends such as duration of the bounce of the dollar, are we changing market reaction to recent retail numbers etc...I'm concerned that investors aren't lining up to changed their investments to buy into the dollar now. It sure looks like this is whats happening.
I suppose it would be too much to ask if you would cast a little doubt so my $3.95 order would pick up? It was almost there!
The potential of this company is enormous! It is difficult to comprehend at times.
All I know is I am convinced that this penny stock was well worth the heart ach for me at least over the last few (early'08) years.
And that I continue to buy on the dips when cash is available.
This is a sweet little pull back, much needed, healthy for the stock for the next leg up..the only problem ...these prices won't be this low by the time I can free up some more money.
Hate when that happens!
SLW & LODE all the way! ! !
It's been worth the wait!
AH purchasing in progress or are they still finalizing everything?
We may not necessarily have a pull back tomorrow! And if it does it may not last.. especially if this keeps up!
Great article! Thanks for sharing it!
Thanks for the Link and Post and congrats to the new grandpa! I have three grandchildren myself and two more on the way..they're a blast!
Nice dip! Great time to add...too bad $$ is all tight up.
Am I correct in assuming that the longer it takes for news to air (PR) the more investors will sell causing this thing to drop?
Good strategy for Long Term people who know what’s out there! Unless I'm the last person to hear a bit of bad news!
Question: RSI and considering the price of Gold etc, this is a Very Good Buy area! Wonder whats up with this dip action?
Naaa this just reminds me of the reason they call Oklahoma "The Sooner State". In 1889 folks lined up for miles awaiting the opportunity to stake out their own land...they were all suppose to go at the signal but some cheated and left sooner. No one fired the shot yet...when the right person fires the shot and the race begins...you're going to wish you did your homework on this one!
Until then I'm going to continue to load up the wagon!
Yes it is! Wish E-trade would fix E*Trade Pro! It shows ask and bid and news column but no current price (n/a). Anyone else? I figure it will be corrected tonight.