Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Gold stocks have not spiked up predominantly because:
- Massive, massive hedgefund gold stock shorts want to keep their knee on gold stocks throats' until stock options expirey this week.
- Majority of gold stocks are at the top of a bull pennant or bull flag channel, and if they move up just a little here, there is nothing but air betwen them and 20%+ instant gains on big caps, and 2x on small caps.
Expect the pop up to start literally any second.
BB
Posted by: brainlessone
In reply to: basserdan who wrote msg# 106880 Date:5/12/2003 7:45:31 PM
Post #of 106945
tell me why gold stocks have not budged much al though the price of gold has gone up 10%
Gold right on schedule. Prepare to rock.
http://share.esignal.com/groupcontents.jsp?folder=&picture=goldW051003.png&groupid=20
Gold stocks' rabbit GSS has broken out in a huge way.
It proceeds past 2.34 and there is literally nothing to hold it back technically until just south of $5.
hhhhhhttp://trending123.com/stocks/chart_of_gss.htm
In both 2001 and 2002, this time of year, racked in big $ in CUSIF.ob and BENGB.ob, which followed GSS, led typically by several weeks. That means big breaks upward in these stocks by June as well.
ZAR(Rand)is rapidly appreciating again, killing S. African golds, while others doing well.
http://www.forex-markets.com/quotes.htm
Gold. Little expresses my market sentiments more than this illustration and commentary.
I susually take this guy with a grain of salt. But he does show the stars aligning accurately, here:
http://trending123.com/stocks/chart_of__gold.htm
Basser,
I road DROOY from .86 to over $5 in a little over two years, as the Rand went from 8 to 13+ to the dollar. Gold in Rand was rocketing.
Rand has strengthened considerably, but I am long out of S. Africa.
Do not expect the Peso to turn anytime soon, as they have a totally diff. set of economic probs. to overcome. Gold in Peso' has double in the past 3 years, and will cause Phili. mines to open soon.
As for any pumping, I am sure you have things well in (your)hand.
"Say What?
The Philipino Peso, like the South African Rand, has totally collapsed, meaning mining at Benguet will be done cheap in Peso, and sold in more valuable $US, which is what has made DROOY move like it has due to Rand collapse.
Rand collapse? Really? When? Against what currency that matters in context with the PoG?
I don't know or care about the Philippine Peso nor do I care to check the veracity of that part of your comment because it's irrelevant to me and appears to be but another of your BENGB.OB pump jobs."
BENGB.ob. I have followed the stock for decades, currently own 275,000 shares at aroun .06.
At one time was 4th largest copper producer in world, along with Cyprus Amax, BHP, Asarco.
It trades at $.11, but go to www.bigcharts.com and pull up a quote for bengb for the past 20 years, you can see it has traded as high as $8.
There are 2 "wild cards' that will make this one pop:
- It inherited, free of charge, the massive KingKing copper and gold range from Echo Bay, when Echo Bay had proved it up, but did not have the money to bring it into production(again, a forfeited option). Effectively Benguet has a lot more ore/share going into this bull market than last.
- The Philipino Peso, like the South African Rand, has totally collapsed, meaning mining at Benguet will be done cheap in Peso, and sold in more valuable $US, which is what has made DROOY move like it has due to Rand collapse.
? extelecom - Posted by: extelecom
In reply to: None Date:4/21/2003 12:42:33 PM
Post #of 99541
Nice chart on Gold.....
et
which chart?
basserdan, I am not only bullish on gold, I am bet-the-ranch bullish on it for the next 6-8 weeks.
George, you have me mistaken with someone else. I have been bullish, and don't recall looking for a big dip first.
The drop I have been callling was in the buck.
Gold bus leaving the station. Zeev's Turnips Patch-No Politics
4/16/2003 5:09:58 PM (ET)
$ is broken. Zeev's Turnips Patch-No Politics
4/16/2003 5:08:47 PM (ET)
USD closes below 99.5ish, and we will have Zeev's Turnips Patch-No Politics
4/15/2003 9:30:41 AM (ET)
longdong_63 $ bear pennant, ringer for next leg Zeev's Turnips Patch-No Politics
4/14/2003 3:54:17 PM (ET)
White Buffalo, if dollar doesn't roll over you Zeev's Turnips Patch-No Politics
4/14/2003 7:24:58 AM (ET)
Justa See what amatuers are doing watch the open, Zeev's Turnips Patch-No Politics
4/11/2003 10:21:03 AM (ET)
George and I featured on gold. Zeev's Turnips Patch-No Politics
4/11/2003 9:44:25 AM (ET)
George C., High Yield Bonds going to be Zeev's Turnips Patch-No Politics
4/11/2003 9:42:08 AM (ET)
Carnac looks like a 2X by this summer. Zeev's Turnips Patch-No Politics
4/10/2003 11:37:47 AM (ET)
Samo_O gold stock purchases. Zeev's Turnips Patch-No Politics
4/10/2003 11:15:37 AM (ET)
Golds: I don't do large cap golds, as Zeev's Turnips Patch-No Politics
4/10/2003 8:37:11 AM (ET)
Gold bus leaving the station. Zeev's Turnips Patch-No Politics
4/9/2003 2:04:22 PM (ET)
HUI, check it out, I think we are Zeev's Turnips Patch-No Politics
4/9/2003 12:20:47 PM (ET)
Golds very very oversold, with 7 week upleg Zeev's Turnips Patch-No Politics
4/9/2003 12:07:21 PM (ET)
$ getting creamed....foreigners and U.S. hedgefunds know wha Zeev's Turnips Patch-No Politics
4/7/2003 3:03:34 PM (ET)
I don't see .24 in the past few Zeev's Turnips Patch-No Politics
4/7/2003 1:28:39 PM (ET)
BENGB.ob last trade is UP %5 and the Zeev's Turnips Patch-No Politics
4/7/2003 12:21:20 PM (ET)
Golds are vibrating. This BS is about to Zeev's Turnips Patch-No Politics
4/7/2003 11:25:19 AM (ET)
Leonard Kaplan, top gold trader, has high buy Zeev's Turnips Patch-No Politics
4/7/2003 11:07:11 AM (ET)
urmygold1 - Small gold stocks are the way Zeev's Turnips Patch-No Politics
4/3/2003 10:46:58 AM (ET)
Golds have bottomed. All my gold holdings are Zeev's Turnips Patch-No Politics
4/2/2003 2:46:59 PM (ET)
George, smalll caps were superior performers in the Zeev's Turnips Patch-No Politics
3/31/2003 3:33:23 PM (ET)
George, weak dollar indicates that this EOD stock Zeev's Turnips Patch-No Politics
3/31/2003 3:20:46 PM (ET)
George, thought golds might hold off until Monday, Zeev's Turnips Patch-No Politics
3/28/2003 3:18:52 PM (ET)
golds flying, my average gold stock is up Zeev's Turnips Patch-No Politics
3/28/2003 2:31:18 PM (ET)
No applause, just throw cash. Zeev's Turnips Patch-No Politics
3/28/2003 1:53:17 PM (ET)
BENGB.ob seaonal pattern first 2 years of this Zeev's Turnips Patch-No Politics
3/26/2003 2:01:22 PM (ET)
*** Pounding The Table - Silver *** careful Zeev's Turnips Patch-No Politics
3/26/2003 12:44:09 PM (ET)
I have traded PAAS for a few years. Zeev's Turnips Patch-No Politics
3/26/2003 12:42:13 PM (ET)
Gold timers are bearish Zeev's Turnips Patch-No Politics
3/26/2003 7:22:38 AM (ET)
Yes, golds fly from here, both on 81day Zeev's Turnips Patch-No Politics
3/26/2003 7:22:02 AM (ET)
We are smack in the middle of the Zeev's Turnips Patch-No Politics
3/25/2003 3:54:39 PM (ET)
Gold bus leaving the station.
Posted by: Bernard_Barouk
In reply to: None Date:4/9/2003 2:04:22 PM
Post #of 98478
Gold bus leaving the station.
Close over HUI 124 means 20-30% pop in big caps coming, 2-3X in micros.
If spot gold closes week over 326, you can take this one to the bank.
$ is broken.
Posted by: Bernard_Barouk
In reply to: Bernard_Barouk who wrote msg# 97294 Date:4/15/2003 9:30:41 AM
Post #of 98473
USD closes below 99.5ish, and we will have 95 in a month, with a min. $40 pop in gold prices.
"Posted by: Bernard_Barouk
In reply to: longdong_63 who wrote msg# 97072 Date:4/14/2003 3:54:17 PM
Post #of 97480
longdong_63 $ bear pennant, ringer for next leg down in buck.
http://www.chartpatterns.com/flagsandpennants.htm
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=d12
"Posted by: longdong_63
In reply to: Bernard_Barouk who wrote msg# 97056 Date:4/14/2003 9:14:25 AM
Post #of 97291
All depends where that USD triangle breaks. In a downtrend, the odds are it breaks down. HUI showing higher lows here lately also favors USD to break down."
USD closes below 99.5ish, and we will have 95 in a month, with a min. $40 pop in gold prices.
"Posted by: Bernard_Barouk
In reply to: longdong_63 who wrote msg# 97072 Date:4/14/2003 3:54:17 PM
Post #of 97480
longdong_63 $ bear pennant, ringer for next leg down in buck.
http://www.chartpatterns.com/flagsandpennants.htm
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=d12
"Posted by: longdong_63
In reply to: Bernard_Barouk who wrote msg# 97056 Date:4/14/2003 9:14:25 AM
Post #of 97291
All depends where that USD triangle breaks. In a downtrend, the odds are it breaks down. HUI showing higher lows here lately also favors USD to break down."
longdong_63 $ bear pennant, ringer for next leg down in buck.
http://www.chartpatterns.com/flagsandpennants.htm
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=d12
"Posted by: longdong_63
In reply to: Bernard_Barouk who wrote msg# 97056 Date:4/14/2003 9:14:25 AM
Post #of 97291
All depends where that USD triangle breaks. In a downtrend, the odds are it breaks down. HUI showing higher lows here lately also favors USD to break down."
White Buffalo, if dollar doesn't roll over you may be right.
It looks like it is about to do drop.
http://stockcharts.com/gallery?$USD
Posted by: White Buffalo
In reply to: Bernard_Barouk who wrote msg# 95766 Date:4/14/2003 6:26:05 AM
Post #of 97055
HUI to break down this week, we will see sub 100 close in weeks ahead. Gold to follow HUI later this week.
Justa
See what amatuers are doing watch the open, to see what professionals are doing watch the close.
George and I featured on gold.
http://www.bubblevision.tv/
George C., High Yield Bonds going to be able to hold up to this?
Not rhetorical, I have some and am concerned.
http://www.forbes.com/2003/04/11/cz_bn_0411banks.html?partner=yahoo&referrer=
Carnac looks like a 2X by this summer. I did this with some technical work, am not up on the fundentals of this one. Good luck!
"Posted by: traderman
In reply to: Bernard_Barouk who wrote msg# 96102 Date:4/10/2003 11:26:08 AM
Post #of 96112
Hi Bernard
What is your opinion to CRCUF.OB?
Could it be a star in the months ahead?
Thanks,
Samo_O gold stock purchases.
You can buy in any American account. Symbols in my accounts are CUSIF, BGO, BENGB. Symbol look-ups for your accounts might be found with this information:
Cusac Gold Mines
http://biz.yahoo.com/p/c/cusif.ob.html
Bema Gold Corp.
http://biz.yahoo.com/p/b/bgo.html
Benguet Corporation
http://biz.yahoo.com/p/b/bengb.ob.html
"Sam_0 Date: 4/10/2003 9:55:57 AM
Hello...!
I don't know how to purchase these with an american account?
Can you suggest some guidance.. I have only been been holding GLG and GG..
<<I reco right here a blend of CUSIF.ob (all Canadian), BGO (Chile + silver), and BENGB.ob ("ring of fire", friendly mining environ, possibly highest ore to market cap on the planet). These are laggards that catch up FAST.>>
Thanks for your postings! I enjoy them!
Sam"
Golds: I don't do large cap golds, as they have things really crippling them in a bull bullion market:
- Low leverage, low ore amount to market cap.
- They typically still have production hedges on, limiting upside when gold runs up.
- They are more stock market related than gold related (institutional ownership already too high).
- Therefore, limited upside, with definite downside.
- Most have too heavy an exposure to America and S. Africa, which I consider to have hostile mining politcal environments.
You would be better off buying a blend of three micro's than one major.
I reco right here a blend of CUSIF.ob (all Canadian), BGO (Chile + silver), and BENGB.ob ("ring of fire", friendly mining environ, possibly highest ore to market cap on the planet). These are laggards that catch up FAST.
An example of how they work, I accumulated a fair postion in DROOY at .80, held two years and blew out for around $5. Ditto RANGY at $1.06 and sold at $4.80.
These current recos each have that same potential now (DROOY has problems of its' own right now and RANGY has gotten too high).
BB
"Posted by: unctarheel
In reply to: Bernard_Barouk who wrote msg# 95683 Date:4/9/2003 12:12:15 PM
Post #of 96007
What are a couple of your large cap and micro favorites? TIA
Edit: GLG is up 7% today"
Gold bus leaving the station.
Close over HUI 124 means 20-30% pop in big caps coming, 2-3X in micros.
If spot gold closes week over 326, you can take this one to the bank.
HUI, check it out, I think we are in Nov. 2001 again.
http://stockcharts.com/def/servlet/SC.web?c=$hui,uu[h,a]wacayiay[de][pi!c200!f][vc60][iut!Uk14!Ud20]...
Golds very very oversold, with 7 week upleg in 81 trading day cycle setting them up for huge move up here, into the first week in June. HUI 167-185 from current 120ish.
Large cap golds move 3x the speed of bullion, the micos move 15X as fast. Needless to say, the small golds the way to go in this one.
In May-June moving to cash, with expectaion of 100% oils as they will have finished collapsing by then...probably buying late July-August.
"Posted by: George Cole
In reply to: None Date:4/9/2003 11:23:46 AM
Post #of 95678
Pretty pathetic "end of war" ( or end of phase 1 of war?) rally.
Looks like a big move down pretty soon. A sharp drop in the aftermath of the war has the potential to touch off the kind of panic selling needed for a good bottom IMHO."
$ getting creamed....foreigners and U.S. hedgefunds know what is coming and want OUT.
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=s
I don't see .24 in the past few months, but I do see a 3X each of the last 2 May's. Check it out.
http://finance.yahoo.com/q?s=BENGB.OB&d=c&k=c1&a=v&p=s&t=2y&l=on&z=m&...
Posted by: chainik
In reply to: Bernard_Barouk who wrote msg# 94740 Date:4/7/2003 1:22:28 PM
Post #of 94782
<BENGB.ob is about to go up several X's into summer>
I wish I had your confidence. As far as I remember the last time we discussed the bright future of the stock it was at .24. It is 0.10 now.
PS. No position
BENGB.ob last trade is UP %5 and the Ask price is UP 15% on the day.
Is is about to go up several X's into summer.
If you look back at last spring, with the same seasonality, same place the middle of 81 day gold stock cycle and chart vastly oversold, it is poised to jump 300% again.
Yes it is very much vibrating.
BENGUET CORP B (OTC BB:BENGB.OB) - Trade [edit]: HARRISdirect
Last Trade
11:00am · 0.11 Change
+0.00 (+4.76%) Prev Cls
0.10 - 0.11 Bid
0.10 Ask
0.12
"Posted by: chainik
In reply to: George Cole who wrote msg# 94727 Date:4/7/2003 12:07:01 PM
Post #of 94739
OT
"golds vibrating."
When it goes down, it is "reaction", when it goes down-up-down it is "vibration" (my guess). Bengb vibrated to 0.10. A sure winner.
I added some HMY and WHT. Hope for vibration, not reaction"
Golds are vibrating. This BS is about to stop and they will launch big-time.
Steve Saville, another very hot hand, besides Kaplan, sees them catipulting up past the tradtional May peak all they way through June.
Leonard Kaplan, top gold trader, has high buy on gold HERE.
urmygold1 - Small gold stocks are the way to go. They move 5x faster than big cap.
I agree with Dan, buy them when they are beat to hell like they are now, and sell in early summer, or better yet summer and a year for tax purposes.
Posted by: basserdan
In reply to: urmygold1 who wrote msg# 93435 Date:4/3/2003 10:21:13 AM
Post #of 93528
DAN...WHAT WOULD BE YOUR PICK IN PLAYING GOLD...INVEST IN BULLION...OR...ARE THERE GOLD STOCKS YOU LIKE...NOT MANY GOLD STOCKS ROSE WITH THE BULLION PRICES RECENTLY...HOW DID YOU PLAY THE RECENT RISE IN GOLD???
Hi urmygold1,
Fwiw, I prefer to own the gold producers rather than bullion because I believe that when (not if) the PoG doubles from these levels, the share values of most of the good, better and best miners will exhibit considerably greater % gains.
As I have stated earlier, my LTBH "game plan" is based strictly upon a perception that the LT PoG will eventually exceed the $880/oz seen in 1980.
Trying to time the markets has never been a sucessful venture for me and to assure my 'being there' when it does happen, I have elected to stay away from margin and to avoid trying to trade the 'wiggles' in the hope of increasing my ST gains.
The obvious play for me is the long term scenario.
I figure that the savings in tax liabilities alone will allow me to buy a fleet of bass boats and maybe even a 'little something' for my lovely wife. <VBG>
In my view, hitting my objectives will more than reward me in an adequate manner <VBG>, so to answer your last question, I didn't play the recent rise in gold at all except for some final buying when the PoG recently came back to $332.
Good luck gold1,
Dan
P.S. Please be so kind as to lose the "CAPS."
Golds have bottomed. All my gold holdings are flat to up.
George, smalll caps were superior performers in the stagflation 70's.
They are more adroit in adapting to a fast changing environment, and have less institutionalized "legacy people, plant and equipment" weighing them down.
George, weak dollar indicates that this EOD stock market rally is an end-of-the-quarter hoax, that will not be buttressed with global insitutional buying, at least not in the U.S.
George, thought golds might hold off until Monday, when Japan closes its' banks' books, and fundies would want to hold them back to make SNP/NAZ look good.
Early strength means trough in 81 trading day cycle is in and we can look for gold to rip the naysayers a new one, until late May, through summer with luck.
golds flying, my average gold stock is up 8% today.
just the start.
http://www.investorshub.com/boards/read_msg.asp?message_id=871031
No applause, just throw cash.
http://www.investorshub.com/boards/read_msg.asp?message_id=861627
BENGB.ob seaonal pattern first 2 years of this bull market in gold shares, 2001 and 2002, if you bought BENGB.ob this time period, you have a 3X by May. Similar effect in Cusac, Bema and GSS.
I am am holding GSS for the big one ($15?).
BENGB.ob is a trade. Somebody big (hedge fund?) likes to pick it up and make it fly. Look at Q2 of last year, and year before.
http://finance.yahoo.com/q?s=BENGB.OB&d=c&t=5y&l=on&z=b&q=l
Posted by: basserdan
In reply to: Bernard_Barouk who wrote msg# 91066 Date:3/26/2003 1:40:54 PM
Post #of 91087
Hi Bernard, ***
Pounding The Table - Silver *** careful Butlter has been talking this talk for 5+ years.
Or, so it seems, for about as long as you have been singing your BENGB.OB, BGO, GSS trifecta tune to message board readers the world over...... <GGG>
Thanks for the warning. I'll keep it in mind.
Fwiw, I'm well aware of Butler's propensity for buttressing his position with a delicate morphing of theoretical 'facts.' <VBG>
Quite frankly, I'm hoping that one or both of you hit it big time, because, in many ways, we have similar objectives.
Actually, I do think GSS has a good chance to do well on the next big leg up. The other two, however, I feel are pretty much dead money.
Happy trading,
Dan
*** Pounding The Table - Silver *** careful Butlter has been talking this talk for 5+ years.
I have traded PAAS for a few years.
Spent a fair amount of time finding the best upside I could in silver.
Came up with CDE.
If silver goes to say $6-7 you make a 3X on CDE, where you might make .5X on PAAS.
Posted by: seminole
In reply to: basserdan who wrote msg# 91032 Date:3/26/2003 12:08:53 PM
Post #of 91060
I am looking to Buy PAAS on a dip under $5.50.
Gold timers are bearish
So the contrarian bet is that's a bullish sign
By Mark Hulbert, CBS.MarketWatch.com
Last Update: 12:01 AM ET March 25, 2003
ANNANDALE, Va. (CBS.MW) -- The contrarian bet these days in the gold market is that the metal's recent weakness is but a bull market correction -- not the beginning of a bear market.
Second in a three-day special series.
Running with the bulls?
Advisers say gold's long-term prospects look solid, but tell investors to remain skeptical.
Plus: What's the short-term route?
Gold online
Internet has revolutionized the way this ancient form of currency is traded.
COMMENTARY
The gathering crowds
Gold event organizer sees rally potential in investor interest level.
And: See full Gold Outlook report
Free! Sign up here to receive our After the Bell Report e-Newsletter!
If gold were in fact in a bear market, then gold timers would have remained stubbornly bullish in the face of the decline in recent weeks.
But they have not. On the contrary, they -- on balance -- have completely exited the long side of the gold market and are now slightly short.
I base these observations on the latest readings of the Hulbert Gold Newsletter Sentiment Index, or HGNSI, which is calculated by averaging the percentage gold market exposures of investment newsletters monitored by the Hulbert Financial Digest.
To create an index that always reflects advisers' latest thinking, newsletters are excluded from the HGNSI if they do not have the ability to communicate on a daily basis with their subscribers.
As of the gold market's close on Friday, the HGNSI stood at -5.8 percent. The historical range for this index is from -31.3 percent on the low side to 89.6 percent on the high side.
As recently as the end of January, the HGNSI stood at 53.9 percent, or nearly 60 percentage points higher than today. Gold timers' behavior in recent weeks is more akin to a mad rush for the exits than a stubborn insistence on remaining bullish.
It also is revealing to compare the current reading of the HGNSI with the 45.8 percent level it hit late last May, when gold bullion was trading at more or less the same level as it is today.
At that time, the $330 level represented the highest price at which gold had traded in years, and gold bulls were beginning to at least entertain the possibility that gold might be in a bull market.
Not today. The excitement of 10 months ago has been replaced by disappointment, even though gold is at the same level.
Bull markets like to climb a wall of worry, and the gold market's wall would seem to be very much alive and well.
For more information or to subscribe to the Hulbert Financial Digest, click here.
Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980.