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LOL - what we playing next week?
How's the site going SA? I was off line last couple weeks =]
I played this for momo while busy last couple weeks. I can't say this one should last, they have mass covertibles if I am not mistaken and dilution is rampade. Any opinions what might happen this week?
The best company to lose money in, thank god I wasn't buying what they were selling =I
What do you make of GOLD prices in general? Topped off or setting up for another run?
I have been eyeballing for entry. Might dip closure to a dollar again but I like the potential here and have been accumlating =]
Good DD C-C, whats new for next week?
Hey Surfbum, whats new and exciting?
Nasty pull back on DMGS, glad I was out of the mix, any current expectations?
Hey Million, glad I missed this message hehe - IGAI just bottomed, you still radared?
Sorry been away PnP, had some business to attend too. Gold pulling back a bit but I don't think it will slow altogether and its good to see Drake has its compliance up to date now or almost =]
Was out of the mix for a few - whats blazing next week?
Hi Bob,
I am looking for a load location. It appears to have hit bottom but I think it might bounce just below $30 - what say you?
FFBU - one day wonder? Very lite trading on SLVO, whats happin?
I think we are about to see the start of a rally, their compliance has been brought up. I will post DD
Shakerzzz I will hit whats hot in the am, trigger figure shaky, fill me in, here or on IM
Waiting to see what happens tomorrow on UCOI, thx for the posts
Do you think '08 might see $900 oz? or at least all time highs?
Hey E where we putting our money this week?
I have a feeling they have been dealing with some issues but hopefully they are over. I will make some calls tomorrow, $$
NYB - do you have an opinoin if gold will continue to raise, flatline or drop? TIA
Gold closes above $800 at highest level since 1980
Euro climbs to a new record high against the dollar, boosting gold
By Polya Lesova, MarketWatch
Last Update: 4:18 PM ET Nov 2
NEW YORK (MarketWatch) -- Gold futures rallied Friday to close above $800 at their highest level in nearly 28 years, boosted by rallying crude-oil prices and the dollar's tumble to a new record low against the euro.
Gold for December delivery rallied $14.80 to finish at $808.50 an ounce on the New York Mercantile Exchange. Earlier, the contract hit an intraday high of $810.70, a level not seen since 1980.
The record high for Nymex gold was $875 set on Jan. 21, 1980, and the record settle was $825.50 set on the same date.
"The commodities markets in general are staging a huge rally today," said Zachary Oxman, a senior trader at Wisdom Financial. "I believe that a huge wave of technical buying pushed by traders, funds, purchases into the gold ETF and the continued fall of the U.S. dollar are all pushing gold and silver higher today."
"I'd expect gold to hold firmly over $800 throughout the year, and the dollar to continue to sell off," Oxman said in emailed comments.
Nice run today
Today seemed to be a booster for our confidence ;)
Can only expect good things, I think its Drake's turn, up 20% today..
Gold closes above $800 at highest level since 1980
Euro climbs to a new record high against the dollar, boosting gold
By Polya Lesova, MarketWatch
Last Update: 4:18 PM ET Nov 2
NEW YORK (MarketWatch) -- Gold futures rallied Friday to close above $800 at their highest level in nearly 28 years, boosted by rallying crude-oil prices and the dollar's tumble to a new record low against the euro.
Gold for December delivery rallied $14.80 to finish at $808.50 an ounce on the New York Mercantile Exchange. Earlier, the contract hit an intraday high of $810.70, a level not seen since 1980.
The record high for Nymex gold was $875 set on Jan. 21, 1980, and the record settle was $825.50 set on the same date.
"The commodities markets in general are staging a huge rally today," said Zachary Oxman, a senior trader at Wisdom Financial. "I believe that a huge wave of technical buying pushed by traders, funds, purchases into the gold ETF and the continued fall of the U.S. dollar are all pushing gold and silver higher today."
"I'd expect gold to hold firmly over $800 throughout the year, and the dollar to continue to sell off," Oxman said in emailed comments.
Hey Kitty, anything rally for you today?
I am loving the markets, best year to date for me, and the gold stocks...
Gold closes above $800 at highest level since 1980
Euro climbs to a new record high against the dollar, boosting gold
By Polya Lesova, MarketWatch
Last Update: 4:18 PM ET Nov 2
NEW YORK (MarketWatch) -- Gold futures rallied Friday to close above $800 at their highest level in nearly 28 years, boosted by rallying crude-oil prices and the dollar's tumble to a new record low against the euro.
Gold for December delivery rallied $14.80 to finish at $808.50 an ounce on the New York Mercantile Exchange. Earlier, the contract hit an intraday high of $810.70, a level not seen since 1980.
The record high for Nymex gold was $875 set on Jan. 21, 1980, and the record settle was $825.50 set on the same date.
"The commodities markets in general are staging a huge rally today," said Zachary Oxman, a senior trader at Wisdom Financial. "I believe that a huge wave of technical buying pushed by traders, funds, purchases into the gold ETF and the continued fall of the U.S. dollar are all pushing gold and silver higher today."
"I'd expect gold to hold firmly over $800 throughout the year, and the dollar to continue to sell off," Oxman said in emailed comments.
Volume picking up, some thx to me ;-$
Seems Drake is trending north with a gain of 20% today (I will post DD as I get it) and news on gold soaring..
Gold closes above $800 at highest level since 1980
Euro climbs to a new record high against the dollar, boosting gold
By Polya Lesova, MarketWatch
Last Update: 4:18 PM ET Nov 2
NEW YORK (MarketWatch) -- Gold futures rallied Friday to close above $800 at their highest level in nearly 28 years, boosted by rallying crude-oil prices and the dollar's tumble to a new record low against the euro.
Gold for December delivery rallied $14.80 to finish at $808.50 an ounce on the New York Mercantile Exchange. Earlier, the contract hit an intraday high of $810.70, a level not seen since 1980.
The record high for Nymex gold was $875 set on Jan. 21, 1980, and the record settle was $825.50 set on the same date.
"The commodities markets in general are staging a huge rally today," said Zachary Oxman, a senior trader at Wisdom Financial. "I believe that a huge wave of technical buying pushed by traders, funds, purchases into the gold ETF and the continued fall of the U.S. dollar are all pushing gold and silver higher today."
"I'd expect gold to hold firmly over $800 throughout the year, and the dollar to continue to sell off," Oxman said in emailed comments.
gotta be quick to draw and quick to shoot =]
I think gold stocks will contiue to raise - check out this news
Gold closes above $800 at highest level since 1980
Euro climbs to a new record high against the dollar, boosting gold
By Polya Lesova, MarketWatch
Last Update: 4:18 PM ET Nov 2
NEW YORK (MarketWatch) -- Gold futures rallied Friday to close above $800 at their highest level in nearly 28 years, boosted by rallying crude-oil prices and the dollar's tumble to a new record low against the euro.
Gold for December delivery rallied $14.80 to finish at $808.50 an ounce on the New York Mercantile Exchange. Earlier, the contract hit an intraday high of $810.70, a level not seen since 1980.
The record high for Nymex gold was $875 set on Jan. 21, 1980, and the record settle was $825.50 set on the same date.
"The commodities markets in general are staging a huge rally today," said Zachary Oxman, a senior trader at Wisdom Financial. "I believe that a huge wave of technical buying pushed by traders, funds, purchases into the gold ETF and the continued fall of the U.S. dollar are all pushing gold and silver higher today."
"I'd expect gold to hold firmly over $800 throughout the year, and the dollar to continue to sell off," Oxman said in emailed comments.
What a joke lol 2 back I missed it LOL
markets are so hot - gold and oil hitting highs
bought in GSPG and GPGD and expecting DKGR to do something soon
Shakerzzz do you have a gold pick lining up next after GSPG?
I think GSPG has a day or two run still in it, the dilution is thick but momo today could carry it further. $800 gold is going to rally man, GPGD doing something as well as radaring DKGR with fully reporting status completing
I think it might have a day or two left, the debntures are selling for sure though
GSPG is raging, with gold prices this might be a winner!!!
Also radaring DKGR, if they bring information to the table it could move over .01
Other stocks I hold ABX NEM BHP AUY IVN
Gold surges above $800 after Fed cuts rates
The precious metal rises to new high for the first time since 1980
By Polya Lesova, MarketWatch
NEW YORK (MarketWatch) -- Gold futures surged above $800 an ounce for the first time since 1980 on Wednesday after the Federal Reserve cut the fed funds rate by a quarter-point to 4.50% and said that the recent spike in commodity prices may put renewed upward pressure on inflation.
In after-hours electronic trading, gold for December delivery rose as high as $800.80 an ounce on the New York Mercantile Exchange, its highest level in nearly 28 years. The all-time high for a benchmark gold contract on Nymex stands at $875, set on Jan. 21, 1980.
Gold stocks are HOT HOT HOT
ABX NEM BHP and penny GSPG
Radaring DKGR - financials just posted and expectations say news might be on its way
Gold surges above $800 after Fed cuts rates
The precious metal rises to new high for the first time since 1980
By Polya Lesova, MarketWatch
NEW YORK (MarketWatch) -- Gold futures surged above $800 an ounce for the first time since 1980 on Wednesday after the Federal Reserve cut the fed funds rate by a quarter-point to 4.50% and said that the recent spike in commodity prices may put renewed upward pressure on inflation.
In after-hours electronic trading, gold for December delivery rose as high as $800.80 an ounce on the New York Mercantile Exchange, its highest level in nearly 28 years. The all-time high for a benchmark gold contract on Nymex stands at $875, set on Jan. 21, 1980.
This is news I can work with:
METALS STOCKS
Gold surges above $800 after Fed cuts rates
The precious metal rises to new high for the first time since 1980
By Polya Lesova, MarketWatch
Last Update: 3:39 PM ET Oct 31, 2007Print E-mail Subscribe to RSS Disable Live Quotes
NEW YORK (MarketWatch) -- Gold futures surged above $800 an ounce for the first time since 1980 on Wednesday after the Federal Reserve cut the fed funds rate by a quarter-point to 4.50% and said that the recent spike in commodity prices may put renewed upward pressure on inflation.
In after-hours electronic trading, gold for December delivery rose as high as $800.80 an ounce on the New York Mercantile Exchange, its highest level in nearly 28 years. The all-time high for a benchmark gold contract on Nymex stands at $875, set on Jan. 21, 1980.
Earlier Wednesday, before the Fed rate decision, gold rose $7.50 to settle at $795.30 an ounce, boosted by a record-setting rally in crude-oil futures.
"Bullish crude, bullish gold," said Zachary Oxman, a senior trader at Wisdom Financial. "I think the Fed had a choice, housing or inflation, and they chose housing. As such, you've got inflationary pressures running rampant despite what the government tells us."
"I'd peg real inflation at over 6% and I think that will continue to put pressure on the dollar and increase gold and crude prices," Oxman said in emailed comments.
Fed cuts rates
Warning that the housing correction will intensify and slow growth, the Federal Reserve gave the economy another shot Wednesday, cutting short-term interest rates by a quarter-point.
The Federal Open Market Committee said in a statement that while growth has been solid, "the pace of economic expansion will likely slow in the near-term, partly reflecting the intensification of the housing correction."
The FOMC said inflation risks remain. Core inflation readings have improved modestly, "but recent increases in energy and commodity prices, among other factors, may put renewed upward pressure on inflation," the FOMC said. See The Fed.
Peter Grandich, editor of The Grandich Letter, said: "The wording in the Fed's statement suggests to me that they're going to at least pause for now and that could give the U.S. dollar the excuse to rally back a little in the near term."
"Despite this, the very large commercial short position on the Comex still has the possibility of leading to a big short squeeze causing gold to rise above $800," Grandich said in emailed comments.
Lower rates are intended to boost economic growth, which tends to benefit gold if it generates inflation pressures. Gold is often used as a safe-haven asset against inflation.
"If the 'buck' stops here, it is going to be difficult to go much higher than $800 at this time since the market has already priced in so much up to this time," said Jon Nadler, an analyst at Kitco Bullion Dealers, immediately after the Fed decision.
"I think the Fed has given all it has to give for now," Nadler said in emailed comments.
Crude rallies, dollar tumbles
Crude-oil futures closed up $4.15, or 4.6%, at a new record high of $94.53 a barrel on Nymex after U.S. crude inventories dropped surprisingly in the latest week to the lowest in two years and the Fed cut interest rates. Crude hit an intraday record high of $94.74 in electronic trading. See Futures Movers.
The dollar briefly rebounded before hitting fresh lows against the euro and sterling after the Fed cut rates.
The dollar index, which tracks the performance of the dollar against a basket of other major currencies, fell 0.2% at 76.61. See Currencies.
Also on Nymex, silver for December delivery gained 11 cents to end at $14.438 an ounce, January platinum rose $6.70 at $1,447.60 an ounce and December palladium gained $2.45 to end at $374.25 an ounce.
December copper edged down 0.85 cent at $3.4730 a pound.
Hey guys, good to see management is following through with what they say. I can only imagine that becoming "current" will yeild additional plans and annoucements. I played GSPG today and its being diluted but on gold rising it hit 120% gains. For me I think .01 adn .015 might be easy targets but only time will tell. GLTA
With oil running I woudl expect more from it. We shall see I haven't liquidated yet =I