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Did you know if you took all the world's gold and melted it you would only fill a third of the Washington Monument? Everyone is buying it even way over spot prices. However, gold and silver lag while markets continue to crash?
That's where I live.
My AGT is not doing what I thought it would. Terms of the financing deal suck in my opinion.
AZO is a crazy stock. It went back to another all time high after it dipped to 130. You could do really well if you could time this stock right.
Apollo Gold Closes US$70 Million Project Financing Agreement for the Black Fox Project
Business Wire(Mon 8:30am)
http://biz.yahoo.com/bw/090223/20090223005649.html?.v=1
Apollo Gold Closes US$70 Million Project Financing Agreement for the Black Fox Project
Business Wire(Mon 8:30am)
Too bad our Founding Fathers couldn't come back from the dead just for a year. Then again our current leaders would probably have them put in prison. A media blackout after would happen and we would forget all about them.
I read a while ago that all the world's gold would only take up a third of the Washington Monument. I just thought that was interesting.
Are you still in AGT, James? I thought about getting out after the terms of the financing deal was announced. they still have great potential, so I'll stick around a little while longer I guess.
4 more banks went under today.
http://www.fdic.gov/bank/individual/failed/banklist.html
Cup and handle?
http://www.safehaven.com/article-12585.htm
Thanks, Tim. I'll take a look at it tonight or in the morning.
Looks like the weak will get shaken out this week. I don't blame them since some have already made almost a 100% return so far.
FA, did you look into AGT?
I think they are trying to manipulate the price like they did last year. Of course I think it won't last long if the price goes back that far. I'm a long term bull on gold and silver.
Read this before you do...
http://news.silverseek.com/TedButler/1234207643.php
For those who are about to buy gold should read this.
According to this report and the bank participation index banks are shorting gold more than ever.
U.S. banks hold a RECORD short position in COMEX gold futures of 111,190 contracts (over 11 million oz). an increase of 28,690 contracts from the January report.
http://news.silverseek.com/TedButler/1234207643.php
http://www.cftc.gov/marketreports/bankparticipation/index.htm
Looks like gold could go down to $700 or more going by the past history of shorting by these banks.
Len, any predictions on gold and silver? Where do you think silver will be a year from now and what price do you think it will top out at?
Thanks
AZO at 52 week high. Hard to say where it's going to go from here. I still think the average investor thinks this will do well for a while.
Take a look at AGT, FA.
Sounds good for those people who own silver and not the silver stocks.
From the World money show Orlando, Florida,February 4-7.
9 sentences from the acetate of the show.
http://www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=26023952&l=0&r=0&s=APG&t=LIST
Lawmakers in 20 states move to reclaim sovereignty...
Is this a start to maybe seceding down the road?
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88218
In 2008 Apollo had at least one news item every month, so far nothing for this year. Let's hope they have a big pr in the works.
http://www.apollogold.com/htmlpage/investors_news.htm
http://moneyshow.com/directory/company.asp?acctid=5020&dl=true
webcast on apollo
Thanks. What is your personal price target on Apollo?
Len, do you see states seceding from the US to form another government? Also, do you like any other currency for the long term?
Thanks
I'm in as of this morning.
Here's another:
This was a fun stock to have when it was pghi or something like that. Kinda sad to see it gone.
Maybe investors believe autozone will do well because people aren't buying new cars anymore and sticking with what they have or buying other used cars. So, those older cars will be breaking down more and now a lot of people who have time on their hands might choose to try to fix their cars, or know of someone that can.
"I'm very content to continue making money by being out of the market."
So true. Most of those people who were out of the market last year did very well. Perhaps the best investing year they ever had.
http://www.fdic.gov/bank/individual/failed/banklist.html
List of FDIC banks that are gone. Three went under yesterday alone.
If Iraq does a lop does that mean they will issue new Iraqi currency, or does it mean they will just take a few zeros off the current Dinar?
Thanks
Sounds good but the thing that always gets me in these type of stocks is why aren't insiders buying at these levels? They were at $10 a year a go and now at .25 with no financing. I would be worried they would get a bad deal that will dilute the heck out of the stock just to get more money. Cornell is a scary thought that comes to mind.
Anyone have thoughts on BAC? I am thinking about buying some for different reasons.
I agree with you there. They do have many problems but I think they can salvage the ship. Cut off part of the hulls that have been damaged from the Nardpedoes and weld it back together as a shorter vessel. It will come out as a leaner more efficient boat. Anyway, that may be a lame metaphor but I think you may get my point.
Also, Home Depot could do ok if they continue to downsize. They need to stop puting stores next to Lowes and vise-versa too. I see big home builders going and smaller ones surviving, but people will always need home repair. There are only two major home center players in the US, they just need to continue to reduce and close stores until they are back to a profit.
Food
Medical
Home upkeep
Car...one car
These four things are the things people are willing to pay out money for in hard times.
Almost hate to say it but we need a dollar crash to keep our jobs so we can compete with China. We need to start making things again and sell those things to other countries.
So what happens when the whole world is in a recession...how do you ever get out of that? World war 3? Naft a is killing us.
"I think it also tends to make the currency so valuable that no one wants to trade with you."
Iraq needs to back it's currency with Silver. The amount and storage are small problems. In my opinion, everyone will be running for the currencies that are backed with gold and silver if and when you know what hits the fan.
I wonder how they would do if Iraq backed their money with silver?
Couldn't they just sell some more oil rights to pay off the debt? A country with no debt and rising economy is this world would shine like a star.