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You have very good choices! You will make a lot of money IMO!
Enjoy your day and the side jobs you are doing! I am glad to be in PCFG too! We will do well! Thanks again for recommending it to me!
I sure hope PCFG will do well in 2011! I have money counting on it, like you do too, I believe! Cheers! Have a great Tuesday!
Hi Trapper, on Stockitution Board! I was really impressed with PCFG's announcement of more equipment purchases, today at 5 pm. I hope the PPS goes higher tomorrow! I also have a lucky feeling aout CNEX, strange as that may be!
Thanks Trapper for your PM and for telling me about the Stockitution Board. How do I get there, please? I am glad you liked the PXXX news too!
Could be, indeed, down 100% tomorrow! : )
Are you still in PCF* too? They are starting a 'Millionaires Club', anyone with 200K shares or more can join! That leaves me out, I have only about 30,000 shares! But I love every one of them. I feel LUCKY!!!
I think CNEX held her own today, don't you think so?
YEAH!!!! WOO HOO!!! We'RE UP 100% TODAY!
CHECK OUT PCFG TOO, WHICH JUST HAD NEWS AT 5 PM TODAY!
Pacific Gold Corp.-Black Rock Canyon Equipment Order
Pacific Gold Corp (USOTC:PCFG)
Intraday Stock Chart
Today : Monday 3 January 2011
Pacific Gold Corp. (PINK SHEETS: PCFG) announced today that it has placed an order for a 12 inch Hy-G concentrating unit, including a concentrating bowl and hopper.
This new unit will be primarily used to clean up the concentrates produced from the main screen plant and the 48 inch Knelson bowl installed at the Black Rock Canyon Mine. The Company is anticipating that the Hy-G equipment will reduce labor costs, and improve efficiency, in the plant gold room by allowing larger amounts of concentrates produced from the main Knelson bowl to be cleaned in a shorter amount of time as compared to the shaker tables currently installed at the mine.
The Company is anticipating receiving the new equipment within 6 weeks.
Corporate Information
Currently the Company has 743,732,651 shares outstanding.
Pacific Gold would politely ask its shareholders to refrain, where possible, from attempting to directly contact Company suppliers, this practice has the potential to cause damage to the Company's relationship with suppliers, causing increased expenses for the Company.
To find out more about Pacific Gold Corp. (PINK SHEETS: PCFG), visit the Company's website at www.pacificgoldcorp.com.
I too, am tired of cold and quiet!
Let the IP survey and drilling COMMENCE SOON LORD!
From Zhalox on PCFG Board:
PCFG is simply an undervalued gold mining stock that should be $0.25+ right now. Once PCFG's gold production begins, I believe the price could soar to multiples of that target.
We could say the same for CNEX: Once our IP survey is done, and gold is PROVEN IN AMOUNTS AND LOCATIONS, PPS WILL SOAR!
Obama aide: Don't 'play chicken' with debt ceiling
Obama adviser warns against 'playing chicken' with raising the ceiling on the federal debt
WASHINGTON (AP) -- Some Republican lawmakers said Sunday they opposed raising the ceiling on the nation's debt without tackling government spending, and President Barack Obama's top economic adviser warned against "playing chicken" on the issue.
The federal debt is limited to $14.3 trillion, but the debt now stands at nearly $13.9 trillion and is growing daily. Congress last raised the debt ceiling in February 2010 and is expected to consider raising it again as early as March.
To some conservatives, refusing to raise the limit on the federal debt could be an effective tactic to force lawmakers into cutting spending and facing such contentious issues as the rising costs of Social Security, Medicare and other entitlement programs.
Austan Goolsbee, the chairman of the White House Council of Economic Advisers, said that refusing to raise the debt ceiling would essentially push the country into defaulting on its financial obligations for the first time in its history.
"The impact on the economy would be catastrophic," Goolsbee told "This Week" on ABC. "That would be a worse financial economic crisis than anything we saw in 2008."
Goolsbee added: "I don't see why anybody's talking about playing chicken with the debt ceiling."
While saying that defaulting would be "very bad" for the U.S. position in the world, Sen. Lindsey Graham, R-S.C., said he would not vote for raising the limit on the federal debt unless there were a plan in place for dealing with long-term obligations, including Social Security, and for returning to 2008 spending levels.
"This is an opportunity to make sure the government is changing its spending ways," Graham said on NBC's "Meet the Press."
Democratic Reps. Debbie Wasserman Schultz of Florida and Anthony Weiner of New York want to see how the new Republican majority in the House will handle the issue.
"The Republicans have come in saying that they're going to not raise the debt ceiling and they're going to allow the full faith and credit of the American people to go down the tubes," Weiner said on "Face the Nation" on CBS. "It's their ship to run now. That's the responsibility."
Rep. Michele Bachmann, R-Minn., appearing with the Democrats, asked people to sign an online petition to urge their representatives not to increase the debt limit.
"It's not good for anyone to shut the government down," she said. "That's why I think it's important for the Democrats who are so willing to spend money to now be a part of trying to figure out how we can be responsible."
Rep.-elect Mike Kelly, R-Pa., a car dealer elected to the House in November, spoke against the idea of the government spending money it doesn't have.
"Raising the debt ceiling, to me, is absolutely irresponsible," Kelly said.
I hope Santa and the elves can bring you a NEW TRUCK soon! : )
They say that money can't buy you love or happiness, but making some money in the stock market sure could improve one's outlook! : )
Let's hope you get happier, then, if XXXX leaves!
Yes, it may count us out, at least on this one, at this time...
But, things could change, in terms of who is in the management, or their efforts/transparency, in the future!
I'm glad you liked the article, Trapper!
That 'Resolution 3: stick to resolutions 1 and 2' which you liked, is right out of a very similar Warrfen Buffet quote, too!
It just emphasizes that people have a very hard time sticking to their 'already good' investment plans they originally had, and not abandoning them too soon!
Happy New Year! GROW CNEX!!
Yes, we do, only paper and GOLD in the ground!
Happy New Year to you too, Candice! I sure hope the IP survey in Q2 brings a much needed rise in share price, and yes, we should all celebrate!
I sure hope GOLD hits $1700 by the end of 2011! Go PRMO!!
2011 Shaping up for Gold and Silver Company Investors
Midas Letter editor and publisher, James West, thinks that the bull market
for junior gold and silver explorers and miners is just getting up a head of
steam.
"We fully expect the demand for junior miners and their deposits to continue
and increase in the coming year," he said. "Senior miners simply can't afford to
explore any more and remain competitive, and so that function is now most
thoroughly outsourced to junior mining companies. The Midas Letter has proven
the most authoritative source of resource company intelligence as demonstrated
by our performance during the last year - a year we hope to emulate in 2011, if
not improve on."
To view James West's recent BNN video interview on the potential copper
bubble, please follow thislink. If this link is unavailable, please visit
www.investmentpitch.com and enter "midas letter" in the search bar.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com
aCTUAL LINKS:
Gold is less than $2 away from a perfect triple top......................
www.kitco.com/ind/Wagner/dec292010.html
thesurvivalwire.com/2010/12/29/gold-price-should-be-2000-says-rogers/
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From whatisthecolorofmoney on PCFG Board:
Gold, grains are commodities standouts in 2010
Gold, grains spike in 2010, upswing expected to continue well into 2011 ------ Yahoo Finance Article
From gold to grains to oil, commodities finished 2010 at or close to their highest levels in years.
Gold closed Friday at $1,421.40 an ounce, up roughly 31 percent for the year after an almost uninterrupted climb since January. Grains and soybeans capped off a rally that started this summer and oil prices ended the year at levels many analysts considered unachievable just six months ago. The jump in commodity prices has been driven by China's seemingly insatiable demand for raw materials and speculators betting that they could profitably ride the momentum higher. Analysts expect the price increases, and volatility, will continue well in 2011.
"People are looking to get out of the dollar, and stocks have run up so much that commodities are looking like a good alternative," said Spencer Patton, founder and chief investment officer for hedge fund Steel Vine Investments LLC.
Gold was the clear standout in 2010. It traditionally has been viewed as a classic shelter investment, often used as a hedge against inflation. That kept it idling for much of the decade before the global financial crisis emerged in 2008. Then, as central banks started taking dramatic actions to stimulate their economies, gold starting moving higher as interest rates dropped to record lows and some currencies fell in value. That led some investors to predict higher inflation is inevitable. Other precious metals, like silver, also moved higher.
"Gold is much more of a universal hedge, and that's why there is more of a dramatic price movement," says Edward Meir, senior commodities analyst at MF Global in New York.
Gold should continue to rise well into the second half of 2011, said Rohit Savand, senior commodity analyst with CPM Group in New York. Political instability -- such as military tensions on the Korean peninsula -- coupled with further stimulus plans and bailouts in Europe mean gold's safe-haven status will keep it in high demand.
Industrial metals, used to make everything from computer parts to automobile engines, also gained as global consumption and manufacturing started to recover. Copper surged more than 40 percent, rising from just over $3.00 a pound to close the year at $4.4470.
Meanwhile, 2010 marked one of the most profitable years ever for farmers in the U.S. Midwest. The USDA predicts that net farm income for 2010 will be $81.6 billion, up 31 percent from 2009 and about 26 percent higher than the annual average over the past decade. Farm incomes are likely to keep growing in 2011 on strong commodity prices and export demand, according to a report released Wednesday by the Kansas City Federal Reserve Bank.
Smaller reserves of corn and soybeans this year couldn't satisfy ever-growing global demand, sparking a price rally over the summer that has yet to abate. Wheat prices also climbed as droughts, fires and heavy rains around the world slashed the amount of grain for harvest. With Russia's post-fire grain export ban likely to remain in place throughout 2011 and European exports expected to be exhausted in January, the U.S. looks increasingly likely to be the supplier of last resort in the coming year, JPMorgan Chase analyst Colin P. Fenton said in a recent report.
A key factor in corn's rise has been demand from the ethanol industry, said John Sanow, an analyst with Telvent DTN in Omaha. About 1.6 billion bushels of corn went to making ethanol in 2005. By 2010, it grew to 4.8 billion bushels as federal mandates for increased ethanol use in the nation's fuel supplies kicked in. In addition, China in recent months has become a significant net importer of corn for the first time, noted Credit Suisse analyst Edward Morse. As a result, corn futures have risen nearly 80 percent since August, climbing from about $3.50 a bushel to end the year at a more than two-year high of $6.29. And prices should keep jumping, says Sanow, since this year's U.S. harvest appears to be smaller than many analysts had predicted, which will exacerbate a supply squeeze.
For soybeans, the demand pressure has come largely from China, which has increased its soybean consumption by an average 257 million bushels each year over the last four years, Sanow said. Much of that has gone toward feeding livestock, and a Chinese middle class increasingly hungry for meat is only likely to boost demand next year, he said.
Raw commodity ingredients account for only a fraction of the price of food at the grocery store, so it can take months if not longer for commodity price increases to hit consumers. But food makers like Hormel Foods Corp. have said they will be hiking prices on a variety of products in 2011 to recoup costs.
Increased demand from China and India has also helped stoke the rise in oil and energy prices in the second half of the year. Oil prices hit a low around $70 a barrel late in May as traders worried that debt problems in Europe and high unemployment in the United States would keep economic growth stagnant and energy demand low. But increasing demand in the developing world has changed all that. Oil surpassed $90 a barrel this month and remained above the threshold to close the year at $91.38 a barrel.
"I think we could be above $100 (a barrel) in January," Patton said. If so, that means $4-a-gallon gas could be a reality by summer in some parts of the country. Rising gas prices would threaten to slow already weak U.S. economic growth and squeeze consumers as companies pass along higher energy costs in the form of higher airline tickets, shipping prices and even the cost of ordering takeout.
Commodity prices closed out the last trading day of 2010 with across the board increases.
Gold for February delivery rose $15.50 to settle at $1,421.40, and copper for March delivery climbed 8.45 cents to $4.4470. Silver contracts for March delivery rose 42.4 cents to $30.937 an ounce. January palladium settled up $17.10 at $803.30 an ounce and December platinum gained $29 to close at $1,773.30 an ounce. In Nymex trading in January contracts, heating oil rose 5.83 cents to settle at $2.54.37 a gallon, and gasoline climbed 6.14 cents to $2.4532 a gallon. Natural gas for February delivery rose 6.7 cents to $4.405 per 1,000 cubic feet.
Grains and soybeans also closed Friday higher. March wheat rose 9.5 cents to settle at $7.9425 a bushel, March corn rose 13 cents to $6.29 a bushel and March soybeans added 27 cents to close at $14.03 a bushel.
FMNJ in 2006 sounds like quite an interesting story. I will take a look at it, for the lesson to be learned. Thanks!
I'm glad you like the reading! Happy New Year to you and all!
This post seen on the PCFG board, and can well apply to CNEX too!
You too, be safe and a Very Happy New Year in ~4 hours!
A great "hold 'em long term" lesson to be learned from DavidJK on the SFMI Board:
Sprattnikie---What share price do you eventually see SFMI going to, and in what time frame?, if this is not too much of a crystal ball type question to ask of you!
A Very Happy New Year to you too!
Enjoy the Fidelity investing rticle, and no rush to read it, until convenient.
We are going to go stay at a hotel locally for New Years Eve and New Years Day, so we can have a party, and not have to drive anywhere, or encounter any drunk drivers!
Enjoy your New Years Eve and Day!
Three New Year's investing resolutions / Article From Fidelity Investments---Sound Advice
****************************************************************
BY walter updegrave,
Money Magazine
â„¢ and © 2010 Cable News Network and Time Inc. and/or their affiliated companies. All Rights Reserved.
Money Magazine — 12/20/10
I missed the boat on the market rally that started in September because I thought stocks weren't ready to move due to the weak economy and high unemployment.
Frankly, I don't understand what investors see in this market and I'm confused about why it's going up. Do you think a correction is coming and, if so, when? I'd like to get back in the market and make some money.
-- Mark, College Point, N.Y.
Your experience just confirms the futility of trying to guess the best time to move in and out of the market.
Whether you're going by your gut or using any of the valuation gauges, technical indicators or proprietary market-timing systems floating around, the result is much the same: Your chances of consistently predicting market movements range from slim to zero.
But you can find an even better illustration of investors' inability to predict the market's ups and downs by looking at what happened -- or, more accurately, what didn't happen -- during the market's big rise last year.
In 2009, the Standard & Poor's 500 (.SPX ) climbed more than 60% from its low in early March to the end of December, en route to a healthy total return of 26.5% for the full year. Given those impressive gains, you'd figure that investors would have been falling all over themselves to get a piece of the action, right? Wrong.
As Morningstar's fund flow figures show, investors withdrew nearly $69 billion from U.S. stocks during the year. Instead, they piled into bonds to the tune of $404 billion.
The return on the broad bond market in 2009: 6%. Maybe doubts about the weak economy and high unemployment also kept them out of the stock market.
So rather than do you a disservice by trying to predict when the next correction will arrive -- truth is, I haven't the foggiest idea -- I'm going to recommend that you abandon this quixotic notion of calling market turns and focus on the following three suggestions instead.
Since we're so close to the end of the year, you can think of them as Three New Year's Investing Resolutions.
Resolution #1: Set an actual investment strategy. By strategy, I don't mean something like, "If the Dow's (.DJI ) 50-day moving average drops below its 200-day moving average in a dreaded "death cross," short the stock market for all you're worth."
I'm talking about sitting down and going over your investment goals, how long it will be until you need to tap your investments, thinking about how much risk you're really willing to take and then creating a diversified mix of stock and bond funds that's appropriate for your situation.
If you need to familiarize yourself with fundamental concepts like asset allocation before you do this, fine.
You can check out our MONEY 101 section before going to our Fix Your Mix tool for tips on how to spread your money among stock and bond funds. And if you want to exercise even more due diligence, you can test how different stock-bond mixes might perform over various periods of time by going to the Morningstar's Asset Allocator tool.
That point is, though, that you want to have a plan. Otherwise, you'll be like someone setting out in a car with no real destination in mind and no map. There's no telling where you'll end up.
Resolution #2: Stifle it! Fans of the 1970s All in the Family sitcom will remember that "Stifle it!" or "Stifle Yourself!" was what Archie Bunker would say to his longwinded wife Edith.
But I'm suggesting you apply this phrase to investing in a different way -- namely, that you stifle the impulse to make changes to your portfolio every time you read a story about how to capitalize on rising gold prices, the Fed's quantitative easing program or whatever the investment theme du jour happens to be.
As counterintuitive as it may seem, the more investing moves you make, the more mistakes you're likely to make, the more extra costs you'll probably incur and the lower your returns are likely to be.
If you want to see how rapid-fire stock traders fare vs. investors who aren't as eager to pull the trigger, I suggest you check out the work of University of California finance professor Terrance Odean.
Resolution #3: Stick to resolutions #1 and #2. I'm not trying to be cute here. I'm serious.
The fact is that setting a strategy and then standing pat (aside from periodic rebalancing) is hard, especially when every investing pro is telling you that the New Normal requires a new investing strategy or when every fiber of your being is screaming you'll be left behind if you don't move a big chunk of your portfolio into emerging markets funds.
Indeed, it's when something big is afoot -- the market's falling apart or in the midst of a huge surge -- that the temptation to make some move, any move, is greatest.
Of course, those are also the times when it's most crucial that you don't give in to the urge to abandon your strategy, since that's when you're most in danger of selling out at a bottom or buying in as the sizzle is about to fizzle.
So find some way to squelch the all-too-natural impulse to jettison your strategy just when you need it most. If you know that watching TV finance and investing shows leaves you itching to tinker with your portfolio, then don't watch them. (Back in Catholic grade school in the late 50s and early 60s, we called this "avoiding the near occasion of sin.")
Or maybe some other technique will work, like promising yourself you'll always wait at least a week before making a change in your portfolio. Or vowing that before you add or jettison a holding, you'll find five reasons why this move might not work out.
But come up with some speed bump that will slow you down, so you're less likely to make a rash decision you may later regret. Can I promise that making and sticking to these three resolutions will prevent you from incurring losses or generate the highest possible returns? Of course not.
But I can tell you that by adopting this approach you will at least have a reasonable and rational plan for investing in the face of market uncertainty. And that beats guesswork any time.
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Junior Gold Stocks to Shine in 2011
By Greg McCoach | Friday, December 31st, 2010
Last Friday, I urged Wealth Daily subscribers like yourself to buy gold and silver ahead of major buying that needed to take place this week to satisfy contractual COMEX obligations before the end of the trading day today...
Gold and silver prices have remained volatile in both directions since October. But indications from the COMEX show suggest we may see a spike in these precious metals prices next week...
Contracts for gold and silver December futures that demand physical metal must be met by then. But there appears to be a significant shortfall in the actual physical metal required to meet these demands — especially in silver.
If these contractual obligations are not met by the 12/31/10 deadline, then we could see a default scenario, which would drive the metals prices even higher and cause great instability for other markets as well.
This is exactly what happened.
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Significant buying of physical gold and silver to meet COMEX futures drove bullion prices much higher this week. Take a look:
While the physical bullion market is rising, junior mining shares are starting to get some attention once again.
Junior mining stocks are even more speculative — but their risk/reward tradeoff amplifies potential gains even further.
And when junior gold stocks are in favor, they can quickly return legendary gains.
There's just one little problem...
There are over 1,000 junior mining companies listed on the TSX Venture exchange alone. And it's very difficult to sort through all the promotions and scams to find solid junior gold stocks.
Going through all those companies was a very time-consuming and nerve-racking ordeal...
So, if you don't have the time or patience to spend pouring over junior gold stocks, I recommend taking a look at the Market Vectors Junior Miners ETF (NYSE: GDXJ).
The Market Vectors' Junior Miners ETF just started trading a few weeks ago. The ETF is composed of 56 mineral companies of small and medium capitalization.
To be eligible to be listed in the ETF, companies must have a market capitalization of greater than $150 million and a three-month average daily trading volume of at least $1 million.
Regardless of the volatility we may have to experience in the short term, it's becoming clear that an increasing number of investors are starting to learn about owning the mining shares.
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This is the kind of activity that will stabilize the junior mining share market during the tough times that lie ahead — and foster the rip-roaring bull market when the masses pile in.
Mark my words: That time is coming.
You just need to take a position that you can sleep with at night and forget about the rest.
The market is coming our way.
Good Investing,
Greg McCoach
Editor, Wealth Daily
Investment Director, Mining Speculator and Insider Alert
Really? That is good news that GOLD may make higher highs. It can only be good for stocks like CNEX, PCFG, SFMI, and others!
Thanks for the Canada weather link, teddibear!
I didn't know it gets to -40 to -50 BELOW up there, but I can believe it! I think the spring thaw and IP survey will proove to be very interesting in Q1 or Q2!
GLTA! GROW CNEX!
You must have called Karen yourself, to find out nothing is going on! I am patient, however, and will wait OK until Q2 of 2011, by which time the IP survey will hopefully be done.
It is probably bitter cold up there now, with frozen ground and all, so nothing will likely happen until Q2 of 2011, which is when they indicated the IP will be conducted.
GLTA! Keep your chin up!
Yes, it will be awesome when it comes, and WELL DESERVED BY US ALL!!!
Wait and you shall see good things for Cannon Exploration, CNEX!!!
With little PRMO too, check it out if you care to!
Patience, and moose jokes, and any more Cannon DD we can find, is what we have left! Many thanks from me too, to everyone, and especially to YOU Trapper, for all your DD, and hard work, and your time.
We are going to see 0.005 in the not too distant future, IMO.
I/You am/are the patientest puppies around!
Woooooooof Wooooooof!