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Benguet, BENGB.ob
Posted by: Rich1
In reply to: Bernard_Barouk who wrote msg# 58183 Date:12/23/2002 4:14:50 PM
Post #of 58361
trying to find symbol for BENGB my broker cant find it whats the name of it...LOL..
Yes gold is making run at breaking 355.
http://www.investorshub.com/boards/read_msg.asp?message_id=636006
Special gift for SNP and $ longs in 2003.
http://www.onlinetitanicmuseum.com/coal.JPG
Gold is looking magnificent. The dollar just tiptoed under mega-important support at 103.40 and back right up to it without breaking above this new resistance level.
See $376 gold by first week in January, and $450 in 90 days? Give it a 70% probablity.
Bengb.ob, GSS, BGO and CALVF.ob still vastly underpriced.
Just did an analysis of reserves of BENGB.ob. Low grade stuff but has a market cap of $15MM, 6 million ozs. of gold and 3B lbs. of copper in the ground. That is like paying $2.50 an ounce for gold and getting 26 lbs of copper for free. Echo Bay went broke proving up this KingKing tract, and reverted back to Benguet.
Slider is more right on huge macro moves like OSX form 45 to 135 that he called in 1999-2001.
He is less accurate in intermediate term smaller swings. Plays the total wash-outs and the total mania swings.
I think the axion get out in May and stay away will be germane in 2003 as it was in 2001 and 2002, and we run up in gold stocks until then.
Posted by: Blondie Girl
In reply to: None Date:12/20/2002 2:45:55 PM
Post #of 57873
Slider it taking profits on this Gold run.
From the SD11 thread:
Ka-Ching'd the HUI stops @ 140... back to core position.
...I may be wrong, I may be right(just hope than when I'm wrong - it's for selling a bit too early on the rallies) but the run from 105/110 back thru 140 for me is now in the Ca$h Regi$ter - some nice 30-50% pops in individual stocks and I can't pass that up right here in this environment....given that the Bulls still have BOTH - the willingness and the Cash to whack Gold and rally the broad market here again soon once we start rolling in Iraq.
Today's fall from 140 grace...felt like lock in time. If we pause & turn and run thru 150... so be it. I don't think this move was built on ANY significant new LONGTERM move to gold from the Institutional side... just TEMPORARY short-term hedges on what's happening in Argentina and a pre-Iraq "HEDGE" on the unthinkable, but possible responses from Saddam.
This was NOT a new signifcant move from new TRUE BELIEVERS being brought into the fold... but, that will occur early next year for all the "right" reasons imho.
That's why I'm banking profits on this run.
The "Big One's" coming,,, but this isn't it imho.
After selling into the May run for goldstocks; I slowly built back up from a core 30% portfolio weighted position; back to 50%ish+ on the July & Oct pullbacks... gotta take some profits here and I'm now back down to a core 30% position once again with sell stops set for half to 3/4's of that in the mid HUI 120's fwiw ( I aint riding anything back under HUI 120 here fwiw... I'll buy back on strength ONLY, if I get stopped out on the balance of my Gold holdigs @ 125-7ish.
I'm sitting in 60% Cash and think we'll range trade in Gold/Pm's here for a while. The DOW's not high enough to add shorts and Gold's aren't low enough, or fundamentally energized enough "yet" to add on strenth.
So I'm hoping to get some re-entry opps in Gold once again, off of what I expect to be a pullback in Energy/PM's once Argentina settles and most significantly, when we starting dropping bombs & rolling tanks in Iraq; where I'm confident that there will be a Gulf-War Deja VuII - "Feel Good" Rally and corresponding pullback in defensive & Gold/PM stocks ... and that's where I'll wait to re-load once again.
That may be the setup for the next SIGNIFICANT up move to new highs in both the POG and the HUI/Gold stocks ($375-385 POG and 175-185 HUI in my estimate)... as I think we'll have back & filled and gone thru the distribution necessary here of those who entered Gold/PM stocks as only a temporary short-term hedge to War in Iraq and a potential terrorist response from Saddam & Al Quaida ... to yet again, within the firm hands of those who see gold moving continually higher on the fundamental longterm weakness in the US Dollar, the ballooning account deficit and the underlying potential of a derivatives meltdown and continued debt crisis.
I think come Q1,2,3 next year when we will STILL have no US Corporate Earnings, or Cap Ex spending recovery in sight... that we'll FINALLY see true capitulation and accelerate into a new lower and much cleaner valuation multiple/metric used in valuing the still grossly over-valued broad market - which will take us on that continued when, not if... journey for the DOW, down to 5,000ish.
PS:
I love the positioning of Bill Frist here as Trent Lott's replacment... which will also position him to step in as V.P. on Cheney's expected if not needed, retirement at the end of Bush's 1st term and will establish a new Republican "Dream Team" for Re-Election with Frist posied the become THE Republican Presidential Candidate for 2008 imho... and he's a helluva choice... a solid, brilliant man. This guy could do for Republican politics what Kennedy did for the Demo's in the 1960's...bring in young people and a new honor to public service.
Here's my loose, forward looking WAG's:
2003: $380-435 GOLD / DOW 6750 - S&P 675
2004: $450-$500 Gold / DOW 5000 - S&P 500
Good Luck all & Happy Holiday's... I'll probably go back to the "Down Scope" mode during the trading range I expect to see over the next couple months untill we clearly establish a foothold in Iraq... if I'm wrong and something rocks the Gold world... I'll just have to ride with 30%, or what ever I have left if further downside stops get triggered and live with the memories of that sweet sound of the Cash Register for having already been rung
With stocks like BENGB.ob, you can't split the spread. You can put a limit order at the ask, and get filled. Otherwise the ship will leave without you.
Gold will get a slight whack here then back up. We did not have any wild action in the micros in this rally, so they will be stable.
Only follow what I won, GSS, BGO, CUSIF.ob, CALVF.ob, BENGB.ob, and VGZ. BENGB.ob is the one I would buy at the ask here, in that it is undervalued relative the the other by at least 1/3, and has the highest leverage to the price of gold taking off.
Posted by: Blondie Girl
In reply to: Bernard_Barouk who wrote msg# 57547 Date:12/19/2002 10:22:20 PM
Post #of 57677
Had a bid in today for BENGB but didn't get it at my price...too busy with work this afternoon to watch the market, hopefully I won't be as busy tomorrow.
What is your opinion on GBGLF?
Thanks and good luck
BENGB.ob pretty much ignores the general market.
It follows Cusac's lead (CUSIF.ob).
BENGB.ob trades a few weeeks behind Cusac's lead and sells for 50% of Cusac's price. That gives us anticipated price of .165 verses the .13 it is at today, meaning you can expect a 30%ish rise any moment.
Posted by: Blondie Girl
In reply to: Bernard_Barouk who wrote msg# 57132 Date:12/19/2002 10:56:44 AM
Post #of 57541
Looked into BENGB and saw that mining is it's core business they are also involved in water resource projects, real estate, forest mgmt.,trucking,construction and more.
Watching to take a position today on this pull back of 7%, but if the general market rallies I could get it cheaper yet.
BENGB.ob broke our of HUGE bull flag, has done a wave 2 Elliot Wave correction, and is about to go into big wave 3 up.
Yes it is thin, and volume light, but if you look at the 500% up move it made last spring, volume was over 800,000 shares a day. Plenty of wiggle room. Huge 66% correction of that move sets us up for the next wave right now.
Posted by: Blondie Girl
In reply to: Bernard_Barouk who wrote msg# 56839 Date:12/18/2002 2:30:24 PM
Post #of 57127
BENGB Looks like it has just rose above the upper bollinger bands and above it's 200MA ,,,,,the only concern I have is the low volume. I will keep an eye on it tho, worth the risk at this price. Thanks
Interesting news on Barrick and JPM.
Good Luck
RE: Lawsuits against JPM and ABX.
Golds will be strong into the close and for the week.
A close over 342.50 Feb, will break trendlines going back a decade, and cause a mad scramble for gold to cover massive carry trade shorts.
Blanchard suit is vastly different from GATA.
Blanchard is a long established reputable investment house, with huge deep pockets, and credibility. GATA is BS, smoke and mirrors with no cash to finance an initiative such as this.
This is like Apache suing XOM over nat gas price fixing.
As to JPM's suddenly endorsing gold after it is up $85 from the bottom, and even the biggest gold stocks are up 250% already, don't you suppose they got wind of the suit days if not weeks ago?
Also, won't this suit freeze their ability to continue any gold derivatives, in further capping gold prices artificially?
JPM will be required to fully disclose all positions and trading history in over-the-counter derivatives activities for years back. Think of the huge volume of things they would rather have been swept under the rug in those heady times.
Own CUSIF.ob from .125. I expect it to run from current .33 to .75 by February.
BENGB.ob, which has similar operation, but in Philippines, usually trades at 50% of Cusac, indicating that BENGB.ob is lagging at .13, when it is more naturally rpiced at .165. Expect BENGB.ob to be a 3x this leg.
NEWS FLASH BLANCHARD SUES JPM AND ABX OVER GOLD RPICE FIXING!!! Gold up $5. Better jump on gold stock now, if you plan on owning any.
Barrick Gold & J.P.Morgan Accused $2B
by: goldnowornever
Long-Term Sentiment: Strong Buy 12/18/02 01:25 pm
Msg: 72119 of 72120
NEW ORLEANS, La. -- An anti-trust lawsuit filed today accuses Barrick Gold Corp., Toronto, and J.P. Morgan Chase & Co., New York City, of "unlawfully combining to actively manipulate the price of gold" and making (US)$2 billion in short-selling profits by suppressing the price of gold at the expense of individual investors.
The suit was filed by Blanchard and Co. Inc. of New Orleans, the largest retail dealer in physical gold in the United States, and by Blanchard clients who bought gold bullion. Blanchard (www.blanchardonline.com) is paying the costs of the suit, which asks the federal court to terminate the trading agreements between Barrick and J.P. Morgan Chase and other, as yet unnamed bullion banks. Blanchard believes its clients have suffered substantial losses as a result of Barrick's and J.P. Morgan Chase's unlawful price manipulation, anti-trust violations and unfair trade practices.
Read it in full: http://www.goldseek.com/cgi-bin/news/GATA/1040235699.php
Gold closes over $342.40 this month and you will have panic buying set in by the gold carry trade cabal (same as Yen carry trade cabal, except with borrowed gold).
Arabs and Japanese are pulling there money of America. We consume 50% of world's oil and 80% of the world's capital. All they have to do is quit sending money and buck gets crushed.
USA apple cart is going down. Did you ever see the movie "Rollover" when Chris Kristopherson headed a forex trading firm as gold hit $2000? The Arabs had been secreting their funds out of America for months before they made a formal announcement that they had converted to bullion. Prophetic.
Still outstanding values in VGZ, BENGB.ob abd CALVF.ob. They are each laggards as they are each mothballed due to long-tern low gold prices, but are heap leach opps that can come on with low investment, in fast time frame. Like BENGB.ob the best....buying gold in the ground for a few bucks an ounce.
Underground mines, such as Cusac, might take as long as a year to ramp up.
Heap leach, such as BENGB.ob and GSS (S. AMerican mines), can crank up in months.
Posted by: CoalTrain
In reply to: Bernard_Barouk who wrote msg# 56215 Date:12/17/2002 10:29:58 AM
Post #of 56288
Is it true that it takes years for mothball mines to get back into production?
CT
ItsAllCyclical, MYNG ok to me.
I generally buy when everyone is badmouthing a compnay, and sell when all are happy.
MYNG gets a lot of positive chat already.
Gold stock last minute shopping.
If you feel you have missed having a full position in the golds, some micros are lagging and will catapult shortly to catch up.
CALVF.ob, BGO and BENGB.ob have barely started to move yet, and are selling for far less now then they were at gold $325 last summer.
They are each great picks, especailly BENGB.ob. It was once the 4th largest mining compnay in the world, but due to low ore prices went mothball.
Anticipation will mount soon of BENGUET re-opening them. Sells for an astounding .13, and was $3 last time gold went to the mid $400 range. 20x from here likely?
In disclosure, I have big speculative positions in GSS, BENGB.ob, CUSIF.ob, BGO, VGZ, and CALVF.ob. Have been following gold since the 1980s when I was a trader at Bache Halsy Stuart and Shields. This looks like the big one.
Agreed.
Gold has just started to bust a move......$376 by New Years? $450 Q1 '03?
Pefect storm brewing........bad bonds, bad stocks, bad $, terror attacks, war, pending oil price collapse.
It is not the WSJ without at least 3 company reports of internal financial blow-ups, and the derivatives losses aren't even here yet (or being reported).
Mark Hanes capping off a glowing report on gold stocks as great investment with the comment this morning that "gold sucks" tells us we are just getting started.
"Posted by: George Cole
In reply to: Bernard_Barouk who wrote msg# 55540 Date:12/13/2002 4:18:02 PM
Post #of 55550
The remaining upside in gold is much too big to sell here. But will only buy more on dips."
Commercials being on the right side of the gold market is a myth! Notice the inverse relationship in their position to the price of gold in recent bull moves.
http://lvlamb.itgo.com/charts/20020909/cotau.png
"Posted by: longdong_63
In reply to: mudcat who wrote msg# 55520 Date:12/13/2002 4:00:55 PM
Post #of 55537
I just cleared all golds. While I think gold will retest 336, the COT report says correction coming. Were over extended here...careful."
Arabs and Japs are taking their money home and putting it in gold........that is where the money is going.
Huge lawsuits in the works against Saudi Arabia over 911, and they are getting out before their assets are attached.
Japanese banks are totally bankrupt at Nikkei 7900 and we seem headed that way right now. Mrs. Wackahasi is taking the money and putting it under a mattress.
Thus the swoon in the buck.
Posted by: Train Guy
In reply to: hk2 who wrote msg# 55279 Date:12/13/2002 2:37:58 PM
Post #of 55422
That's weird. Shouldn't with the markets struggling it be going down as the demand for treasuries goes up. Went back up and almost touched the high from Monday. So if people aren't buying stocks and aren't buying treasuries, what are they buying?
Still holding micro-golds.
See HUI 176 minimum this leg.
Some micros will be play catch-up shortly.
Holding 66% golds right now, up from 50% last week, due to appreciation in share prices (or up 30% already in a week).
$330 gold pierced and confirming gold stocks. Next stop 376.
There will a brief slience while JPM vibrates before blowing up.
$330 gold pierced and confirming gold stocks. Next stop 376.
There will a brief slience while JPM vibrates before blowing up.
mainehiker - micro-golds that can be bought this minute (have not taken off totally yet) are CALVF.ob, BENBG.ob, CUSIF.ob.
Go to Bigcharts.com and you can see they will trade in the 10-30X from here into late next year (Oct.?).
And yes this for real.
27.50 was the breakout point for the leader of the group NEM.
Trust your instincts, cause we are ready to rock and roll into May, just like last year.
Average minimum on these will be 5x in that time frame.
I was up 500% in first thalf of 2002 in my golds.
Typical crybaby liberal response.
This sort of comment degrades this august forum.
This is a non-political forum.
"Posted by: sylvester80
In reply to: mainehiker who wrote msg# 52563 Date:12/6/2002 9:22:13 AM
Post #of 52568
GOOD RIDDANCE! The guy was an incompetent bozo just like his boss and the rest of them."
IBM announces pension fund UNDERFUNDING will be met with IBM stock issuance.
This a the crack in the dike folks.
Confession season is going to be very bad.
Buy gold while you still can..........the dollar is going to crash and take Japan with it.
We haven't seen anything like this in over 100 years.
The NEM story.
Watch NEM.
http://finance.yahoo.com/q?s=nem&d=c&k=c3&t=5d&a=m26-12-9%2Cw14%2Css%2Cr14&p=m50...
No silver noise in it, geographically diverse, non-hedger, not so much copper influenced, AND ABOVE ALL ELSE, the favorate of hedge funds in hurry to be in gold.
It has been up since the open. The hedgies buy NEM, BEFORE they start ramping up the gold price.
I like BENGB.ob, CUSIF.ob, GSS, and BGO right here.
Out of DROOY and RANGY (rode from $1 to $4 in 2 years), may look at them again later. Don't like pure S. Africa gold plays any more due to the give-away going on to the natives.
U.S. Treasury bonds not rallying today despite stock market weakness....Foreigners dumping our bonds. Only 1/2 point more to drop in the dollar index, and look out below. Stampede out of USA bonds AND stocks then.
Gold comments.......here is one I accurately made YESTERDAY.
Posted by: Bernard_Barouk
In reply to: None Date:10/21/2002 12:46:55 PM
Post #of 37222
Looking at the leading indicator of golds, NEM (below), looks like a GREAT time to buy gold stocks.
Consider GSS< BGO< BENGB.ob< CUSIF.ob< on today's weakness.
Provide huge leverage on impending gold rally, as SM craps out here.
http://finance.yahoo.com/q?s=NEM&d=c&k=c3&a=m26-12-9,r14,w14,ss&p=m50,m200&t=6m&....
Now, for POSITION TRADERS, I strongly advise collecting BENGB.ob, CUSIF.ob, GSS, BGO as they are in right handles of cup-and-saucer formations, and any 3-5% upmove in these will be a HUGE 1-2X pop in coming weeks.
As one who was on Wall Street professionally durng the last Iraqi conflict, I can tell you the the positive aspects of the possibility of "peace" with Hussien, are already factored into the market, as of now.
This "shame dealy" will drag it out over months, maybe years, rather than the quick war George Sr. won.
We have months of "Micky Mouse" before inspectors actually determine they have been stiffed again, and have to send us in to police the area.
Looking at the leading indicator of golds, NEM, below, looks like a GREAT time to guy gold stocks.
Consider GSS< BGO< BENGB.ob< CUSIF.ob< on today's weakness.
Provide huge leverage on impending gold rally, as SM craps out here.
http://finance.yahoo.com/q?s=NEM&d=c&k=c3&a=m26-12-9,r14,w14,ss&p=m50,m200&t=6m&....
George Cole....would you ask Slider over at Strictly Drilling ll to give us a back-up place to find his opinions if Silicon Investor goes belly-up? (I no longer have membership)
Could you suggest maybe he have a mirror posting site here or Yahoo?
Value BOTH your opinions.
Thanks
From NEM board........
Look Folks,
I worked on a trading floor when the market crashed in 1987.
Word had it that John Goodfreunde at Sollie, walked out on the floor in the middle of the crash and bought $4mm in his own stock at the bottom, and made $2MM in one month on the rebound.
Now look at gold stocks like GSS and CUSIF.ob, two of the more sensitive ADVANCED indicators of gold prices. They are DEAD STEADY here. Are you?
If you can keep in the market for 6 weeks, buy DROOY GSS CUSIF.ob BENGB.ob and be tough. Probable doubles.
$HUI gap on downside filled, up now probable.
Ditto for RANGY, .25 gap to be filled tomorrow if QQQ's sink from here.
Temporary gold softness due to USD "basing" for next leg down.
Bush tema is going to have to cream the buck to get this economy jazzed up for his re-election drive.
He WILL NOT make his dad's mistakes, you can rest assured George Sr. briefs him daily:
1) It IS the economy that gets you re-elected.
2) Revenge on Saddam, for making dad look like a jackass, for not taking him out when he could.
Gold pounding is temporary.
This rally in general stock market is as engineered as the rest.
A stock that is soft, but hanging tough, look at RANGY.
RANGY is 50% holder in RANDGOLD RESOURCES...........W. Afican mining company with one big mine ramping up, and another on the way when gold stays over $335ish.
RANGY is 3.5 million shares of DROOY.
RANGY is xx millions of shares of "cats and dogs" S. African properties.
Bottom line a RANGY share has $4+ of Rangold Resources in it, and another $4 of DROOY and the like in it, so for $5 you get $8 in stock.
Last time gold was over $370 RANGY was $25.
SAM_O
In response to your request of which gold stock has the most potential, I recommend RANGY.
RANGY some of the best leverage, and has vast assets per share, including a huge DROOY block of stock.
Each share of RANGY represent a quarter a share of RRUS (or 4.15), and an additional $4.50 NAV of DROOY stock and other mining interests, yet sells at $5. Huge 40% discount to NAV on package of good publicly traded gold miners.
Last time gold broke 370, RANGY was $25.
In a derivatives crisis, this price is easily achievable. This year? Early next? I believe so.
IT writeoffs accelerated by CANCELLED Dot,com et. al. initiatives, and the writeoff is immediate.
Bankruptcy of telcos/equipment, write-off immediate.
Accelerated antiqaution of systems due to tech advances, written off faster than every 5 years.
AOL and YHOO...teeing up OB of 10 and 7 respectively, king of DCBs.
Puten has new edict that Mafia mind its' manners or "KGB" will nuetralize them.
Soviets want "safe" natural resource environ so can be new OPEC.
Classic sign of a hard bottom for big rally in gold bullion price, is this positive stock price divergence.
Vastly undervalued micro-caps include, in order of preference, BENGB.ob, CUSIF.ob, GSS, RANGY, BGO.
All have recently broken up, or are about to, out of bull flag and/or pennant.
Just friendly advice from the lone wolf of Wall Street.
Posted by: mlsoft
In reply to: Zeev Hed who wrote msg# 29803 Date:9/27/2002 3:05:10 PM
Post #of 29808
Anybody noticed the gold stocks today - for a day when spot gold was down again, they are responding well to the weak market.
mlsoft
Classic sign of a hard bottom for big rally in gold bullion price, is this positive stock price divergence.
Vastly undervalued micro-caps include, in order of preference, BENGB.ob, CUSIF.ob, GSS, RANGY, BGO.
All have recently broken up, or are about to, out of bull flag and/or pennant.
Just friendly advice from the lone wolf of Wall Street.
Posted by: mlsoft
In reply to: Zeev Hed who wrote msg# 29803 Date:9/27/2002 3:05:10 PM
Post #of 29808
Anybody noticed the gold stocks today - for a day when spot gold was down again, they are responding well to the weak market.
mlsoft
Yes.
Posted by: krazikid
In reply to: Will Lyons who wrote msg# 22985 Date:9/6/2002 9:12:39 AM
Post #of 23006
Anyone else thinking Gap and C### this morning?
..........bounce in $ today looks like buck revisting bottom of the bear pennant it has broke to the downside.
http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=d6