as of this moment, 1 Canadian Dollar = .91 USD.

$.55 in USD is approximately equivalent to $.60 in Canadian Dollars, hence your price differentiation.

USGIF is on US exchange, while USA.TO on Canadian exchange

market now valuing the company and its assets at less than $19M USD

why such a huge increase in volume today? one would think that any news to drive this volume [almost 30X avg daily volume] would have affected the share price significantly in one direction or the other...

SWHC has tendered an offer to buy-back shares at a price of $11.00/share [actually raised from their previous offer of $10.00/share](see official notice sent out to shareholders in italics below). This seems to have put a floor under the share price at an 'obvious' $11.00.

Not sure what happens after this offer for public buy-back expires...I continue to hold for the medium-long term. YoY revenue growth has been impressive.

************ Offer extended to 7/23/13 ************
Smith & Wesson
Cusip: 831756101
Cutoff date: 07/19/13 5:00 pm
Opt 01: tender for cash. Smith & Wesson holding corporation, a Nevada Corporation ("S&W"),
is offering to purchase up to 6,818,181 shares of its common stock, par value $0.001 per share,
together with the associated rights to purchase series a junior participating preferred stock of
S&W, par value $0.001 per share, issued pursuant to the rights agreement, dated august 25,
2005, between S&W and Interwest transfer company, inc., as rights agent, at a purchase price,
In cash, $11.00 USD per share, net to seller and without interest.

ahh, gotcha...understood. i missed the initial 100oz. clause.

hate to butt in on this debate - but i feel i must play devil's advocate here:

tomg1: with regards to your argument, i believe you are skewing it in your favor, by pre-selecting the amount of oz's purchased, rather than amount of funds available to purchase.

Let's use your numbers to make the comparison easy:

assuming a buyer was able to buy 100 ozs at $20/oz for a total of $2000. this would imply the buyer has $2000 available for spending/investment.
your argument holds true, that if POS heads to $100/oz, this person's silver is now worth $10k.

now, here is where your argument falls apart:
assuming that the original buyer still has the original $2000 worth of funds to buy silver at the current price, and assuming the buyer could now by silver at $16/oz, this buyer can now afford to purchase 125 ozs. [2000/16=125] Now, if the POS heads to $100/oz, the value of the holders 125 oz of silver is now worth $12.5k (25% more than the value of the 100 ozs of silver purchased at $20/oz).

All for the original investment of $2000 in both cases.

Your $400 in "savings" is actually $2500, and arguably, not 'nominal at best'.

Check out www.coinflation.com

Pretty useful site for this situation. Strictly metal melt values, no numismatic consideration.

Why the significant drop in share price today, with such stellar earnings beat and future guidance? What am I missing? Sell the news mentality?

Thanks for your views/insight on Batista/OGX. I, too, agree with your sentiment. I have not purchased any since my last post (still watching it for now, looking for a potential bottom).

Was just curious if any of the more knowledgeable guys on this board (including yourself) had performed any more significant DD or analysis on how the market is currently valuing OGX, and if indeed a reversal in the downward trend could be imminent. Doesn't look too good short term...may be ok for a trade, but I tend to look a bit longer term.

thanks

I, too, voted Gary Johnson for President. And while I agree with your statement (quoted below), that he has no shot at actually winning the election in 2012, a 5% popular vote will allow for future Libertarian equal ballot access, and public funding via the US Treasury Dept (as is currently only supporting the two-party system). Though some may consider a third-party vote a wasted opportunity, in this case, it actually has potential to change the future of US politics.

OSX/OGX (OGXPY) looking appetizing to anyone down here? Bounced/closed near 52 week (all time) lows at $2.33-ish range.

Batista on record the other day stating no longer interested in negotiations to sell off OSX; and not concerned about the decline in shareprice (see article text below).

How do you guys assess this situation? I have not reviewed their recent guidance reports, so this is a blind question.

Looking to possibly enter a new position if this hits low(er) 2's (or lower). [mind you, i owned this back when we were in the $8-10 range :)]

Brazil's Batista Not Selling OSX Despite Share Losses -Report

Oct 22, 2012 09:41:13 (ET)


By Paul Kiernan


SAO PAULO--Brazilian billionaire Eike Batista is no longer interested in selling his shipbuilding and oil-field services firm OSX Brasil SA (OSXB3.BR) and isn't bothered by a decline in share price for that company and others he controls, newspaper Folha de S. Paulo reported over the weekend.

Rumors have swirled for more than a month around merger talks between OSX and drill-rig holding company Sete Brasil Participacoes SA. However, in an interview with Folha, Mr. Batista said he plans to let the company stand alone for now.

"Maybe in the future, but for now let it stay as it is," Mr. Batista said, when asked if he was thinking about selling OSX. "I'm not interested right now, but I was interested."

OSX couldn't be immediately reached for comment.

Brazil's richest man, whose net worth skyrocketed in the past decade as he launched company after company to capitalize on the country's natural resources and its need for infrastructure, has been viewed with skepticism by the market recently as investors grow impatient for returns. All the publicly traded companies controlled by his EBX group have seen their shares fall over the past year year; the biggest, oil driller OGX Petroleo e Gas Participacoes SA (OGXP3.BR), is down 60%.

Mr. Batista said losses on his companies' balance sheets are due to investments and that small investors scared away by the news reports are the ones who will miss out on future gains. He added that share declines don't worry him.

"It doesn't bother me, because in some cases I'm buying shares back," he said. "If they don't want me, I want me. I like myself."

Mining company MMX Mineracao e Metalicos SA (MMXM3.BR), which is controlled by EBX, said Monday in a filing with the local securities regulator CVM that Mr. Batista has raised his stake to 46.41% after buying 31.3 million shares "directly and indirectly" on the Brazilian stock market. An investor-relations officer said Mr. Batista has been increasing his ownership of MMX over the past 12 months, from just under 42%.

OSX, the shipbuilding firm, said last week that Mr. Batista will buy $500 million in shares by March 2013, as OSX exercises half of a put option it has with the businessman. The put option was part of OSX's March 2010 initial public offering, designed to help ensure the company would have the capital necessary to carry out its investment plans.

Mr. Batista said in the interview that Brazilian development bank BNDES ought to be investing more in his companies.

"Foreign pension funds buy me and are my partners," he said. "And the Brazilian funds, where are they? Hello, you guys are losing 15%, 20% returns."

Write to Paul Kiernan at paul.kiernan@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

October 22, 2012 09:41 ET (13:41 GMT)

Gotcha. Thanks for the feedback. My AGNC holdings are held in a Scottrade acct, which I've had limited success with DRIPs. The majority of my other non retirement holdings are held with etrade, which seems a little more DRIP friendly.

Do you reinvest the dividends manually or did you go through the transfer agent of AGNC? When I asked my broker about signing up for a DRIP (divi reinvestment plan) for AGNC, he said it was not an option and I would have to contact the transfer agent to set it up through them.

agree completely

yep, no prob.

OGX/OGXPY

"OGX plans to stabilize production at each of its first two wells at 5,000 barrels a day at the Tubarao Azul field in the Campos Basin, the Rio de Janeiro-based company said in an e- mailed statement yesterday. OGX had originally planned to pump as much as 20,000 barrels a day at each well. "

"cut production targets by as much as 75 percent at its first project. "

http://www.bloomberg.com/news/2012-06-27/batista-s-ogx-reduces-production-targets-at-first-oil-project.html

BKW:

Pershing Square's Bill Ackman Reports 12% Stake in Burger King

Jun 22, 2012 14:50:13 (ET)


By Annie Gasparro


Pershing Square Capital Management's Bill Ackman reported owning a 12% stake in the newly formed Burger King Worldwide (BKW) in a filing with the Securities and Exchange Commission on Friday.

Burger King began trading Wednesday after completing a complex deal with Justice Holdings that brought the fast-food chain back to the public market. Mr. Ackman's stake in the company was originally outlined in Burger King's S-1 filing May 9.

Shares of Burger King rose following Mr. Ackman's filing Friday afternoon and were recently trading up 3.9% at $16 amid a broader market rally.

New York investment-management firm 3G Capital Management, which took Burger King private in late 2010, remains the majority shareholder with 71% of the shares. Mr. Ackman is the second-largest holder.

Write to Annie Gasparro at annie.gasparro@dowjones.com

(END) Dow Jones Newswires

June 22, 2012 14:50 ET (18:50 GMT)

Listening (here at work)...call hasnt yet started

edit: here we go

no prob

FB hasn't started trading yet...IPOs listed on NASDAQ typically start trading closer to 11 am EST, though no official time has been released

Etrade still showing $38.00 (last price), with 0 shares traded

$72M market cap...truly unbelievable...

Why Gold Became Money - a historical/scientific approach; interesting 6 minute video

http://www.zerohedge.com/news/why-did-gold-become-money

nice volume here today

BAJ (BAJFF) Opened a position here at .3795...seems like a good entry right now! I'm already overweight in miners, but I've had my eyes on this one for a while (thanks to this board).

Very respectable, well thought out, well laid out post. I very much agree with your analysis.

i'm away from my computer for one day and this is what i come back to!?!? woohoo...one step closer to making some of my money back!

OGX (OGXPY) up 6+% again today on shallow water oil discovery news, breaks above $10 for the first time since July

been my number 1 performer so far this year

Brazil's OGX Confirms Shallow-Water, Pre-Salt Oil Discovery

Feb 1, 2012 05:42:27 (ET)

RIO DE JANEIRO (Dow Jones)--Brazilian independent oil and gas company OGX Petroleo e Gas Participacoes SA (OGXP3.BR) said Wednesday that further testing confirmed a shallow-water oil find in Brazil's pre-salt region.

OGX first announced the discovery in January, when it said drilling tapped a 1,000-meter column of oil that had a net pay, or reservoir thickness, of 110 meters. Drilling was halted after a high-pressure zone was encountered.

While the OGX discovery is in same Santos Basin where a cluster of pre-salt finds was made in the mid-2000s, it lies much closer to shore and in waters that aren't nearly as deep. The prospect, dubbed Fortaleza, was made in 150 meters of water at a total depth of 6,135 meters, OGX said.

"The confirmation of these pre-salt reserves in shallow waters of the Santos Basin by the OGX team represents an achievement for the industry and reinforces the enormous potential of Brazilian sedimentary basins," OGX controlling shareholder and Chairman Eike Batista said in a statement.

Drilling will continue with a rig better equipped to handle the pressures of the reservoir, OGX said.

OGX owns 100% of the BM-S-57 block where the Fortaleza find was made, about 102 kilometers off the coast of Rio de Janeiro state. OGX estimates that its Santos Basin blocks, including BM-S-57, hold 1.8 billion barrels of oil equivalent.

Late Tuesday, OGX said it produced its first oil at the Waimea field in the Campos Basin. The company holds stakes in 30 exploration blocks in Brazil both on and offshore, as well as five blocks in Colombia.

-By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; jeff.fick@dowjones.com

(END) Dow Jones Newswires

February 01, 2012 05:42 ET (10:42 GMT)

Actually, today's surge in PMs (and other commodities) can most likely be attributed to the FOMC's meeting minutes released earlier this afternoon; stating they are expecting to keep interest rates at "exceptionally low levels through late 2014", and some argue even later, through 2016.


http://www.businessinsider.com/goldman-the-5-most-important-points-from-todays-fomc-statement-2012-1

OGX (OGXPY)looking good

Brazil OGX Shares Soar On Santos Basin Discovery, First Oil

Jan 16, 2012 13:12:33 (ET)

RIO DE JANEIRO (Dow Jones)--Shares of Brazilian oil and gas company OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY) soared Monday after the company announced a discovery in the shallow waters of the Santos Basin and as the independent driller closes in on its first oil production.

OGX shares were up 5.0% at 14.87 Brazilian reais ($8.30) in late afternoon trade on the Sao Paulo Stock Exchange.

Brazilian news magazine Veja reported on its website that the discovery holds an estimated 2 billion barrels of crude. OGX declined to comment on the report, with the company's press office saying that it had no additional information about the find.

In a statement to local stock regulators, OGX said that it found an oil column of about 1,000 meters with net pay, or reservoir thickness, of 110 meters (360 feet). More important, the discovery sits in shallow waters about 102 kilometers (63 miles) off the coast of Brazil. That is about two-thirds closer to land than the ultradeepwater presalt discoveries made in the Santos Basin.

OGX, which is technically still in a pre-operational phase, is also closing in on its first crude oil production. The first oil from the Waimea field in the offshore Campos Basin is still expected on Jan. 28, an OGX spokeswoman said in an email.

-By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; jeff.fick@dowjones.com

(END) Dow Jones Newswires

January 16, 2012 13:12 ET (18:12 GMT)

GM

S&P Lifts GM Financial 2 Notches On Importance To Parent Company

Jan 5, 2012 15:48:00 (ET)

DOW JONES NEWSWIRES

Standard & Poor's Ratings Services raised its credit rating on General Motors Financial Co. two notches closer to investment grade, stating the company remains a strategically important unit to its parent company General Motors Co. (GM).

The ratings firm raised its long-term issuer credit rating on GM Financial to double-B, two notches below investment grade, from B-plus. All ratings were removed from credit watch. The outlook is stable.

S&P credit analyst Rian Pressman said GM Financial's stand-alone credit profile reflects the company's evolving product offerings, its reliance on asset-backed securities markets for funding and encumbered balance sheet.

S&P said GM Financial provides its parent company with a dedicated source of subprime and lease financing for the purchase and lease of new GM vehicles in the U.S. and Canada, noting the company's role as a financier for GM's customers is growing. The company's planned launch of a new commercial lending platform in the second quarter of this year will further increase GM Financial's importance to its parent, S&P said.

Additionally, S&P noted GM Financial's stand-alone financial performance continued to improve through 2011, primarily due to lower credit and funding costs and high recovery values on the sale of repossessed vehicles.

In September, S&P lifted General Motors' rating by two notches to double-B-plus, placing the auto maker on the verge of investment grade, citing the benefits of a new, four-year labor contract with the United Auto Workers.

Wednesday, GM reported its U.S. auto sales climbed 4.5% in December as the auto maker reported strength in passenger cars and truck sales, as well as in its Chevrolet brand.

GM shares were up 4.1% to $22.03 in recent trading. The stock is down 42% in the past 12 months.

STOCKS GET SMOKED, EUROPE BURNS, AND BANKS ARE STRESSED: Here's What You Need To Know

http://www.businessinsider.com/closing-bell-23-2011-11

Ha yea, I guess I should have been more specific...I guess not getting terrible news (ie France losing its AAA rating, or Greece not receiving bailout funds in time etc.) is a form of temporary 'good' news, relatively speaking.

Im debating what to do:

Sell (my short fund) at the end of the day today, assuming that good or no news will come from Europe tomorrow (while US markets are closed), and markets open green for half day Friday as a correction to today's overreaction panic selling

OR:

continue to hold, assuming that bad/no news from Europe comes tomorrow (again while US markets are closed), and causes further panic selling on half day Friday before weekend, then cash out on Friday for even bigger potential gains.

thoughts anyone?

Another one for a quick volatile trade is TZA: DIREXION DAILY SMALL CAP BEAR 3X SHARES TZA : NYSE

This round I was in at 27.50, now sitting at 37.94...easy money; Thanks Europe!

These leveraged etfs can be a quick trader's wet dream, but beware: extremely volatile (especially levered 3X)

words of wisdom...if ya cant beat em, join em...

silver spot still up 1.5% from yesterday...i would hold off and keep an eye on this trade. if PM's take another dive, you may be early enough to enter for a short term trade

keep an eye on: http://www.kitco.com/charts/livesilver.html

and

http://finviz.com/futures.ashx

Some of the ones on the list that made me say wow:

#1 Beginning January 1st, 2011 every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years.

#2 According to one recent survey, 36 percent of Americans say that they don't contribute anything at all to retirement savings.

#5 35% of Americans already over the age of 65 rely almost entirely on Social Security payments alone.

#12 According to the Congressional Budget Office, the Social Security system will pay out more in benefits than it receives in payroll taxes in 2010. That was not supposed to happen until at least 2016. Sadly, in the years ahead these "Social Security deficits" are scheduled to become absolutely horrific as hordes of Baby Boomers start to retire.

#13 In 1950, each retiree's Social Security benefit was paid for by 16 U.S. workers. In 2010, each retiree's Social Security benefit is paid for by approximately 3.3 U.S. workers. By 2025, it is projected that there will be approximately two U.S. workers for each retiree. How in the world can the system possibly continue to function properly with numbers like that?

#14 According to a recent U.S. government report, soaring interest costs on the U.S. national debt plus rapidly escalating spending on entitlement programs such as Social Security and Medicare will absorb approximately 92 cents of every single dollar of federal revenue by the year 2019. That is before a single dollar is spent on anything else.

wow...a lot of alarming statistics in that article