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Hello Arctec,
Thanks for the article on copper!
You've consistently provide great information, that is why I've had you earmarked and your board on favorites for awhile now. Keep up the great job!
http://www.investorshub.com/boards/board.asp?board_id=2454; gonna add into this board's header!
&r=0480
Thanks
Boom
SW.TO made the decisive break in today's trading
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SW.TO - I've been following SW.TO for last couple of months, doing well so far
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TNX.TO - Nice break, as a team we are finding quite a number of breakouts, may be we're just searching more! We're a developing a great team here!
Nice Ed
Here's a 3yr weekly look
Article: The China Gold Rush
Friday, November 11, 2005
By Jeff Berwick
The world hasn't realized it yet, but a gold rush is just beginning in China.
While gold mining in China dates back thousands of years, it has usually been from very small underground mines utilizing mainly human labour and little to no mechanization or infrastructure.
However, as I began to report in the article, "China: Right Here, Right Now" (http://stockhouse.ca/shfn/editorial.asp?edtID=17918) on October 28, things are changing in China at a feverish pace.
China began to invest in its own gold resources and exploration in the 1990's, and as with most things China does, quickly climbed the world ranks with an output of 200 tonnes/year, and became the 4th largest gold producing nation in the world.
However, with limited financial resources and massive demand for building materials and other commodities, China diverted its attention from the gold business to focus on areas of more short term importance to the country, such as base metals and electricity production projects.
It was then, in 2002, that everything changed. As I previously reported, China has been privatizing most areas of its economy at a pace that is hard to imagine, and the gold exploration and mining business is no exception.
Very few people noticed when in 2002 China held its first ever auction for mining rights. The four year mining license to a small goldmine in eastern China attracted four bidders from mainland China and Hong Kong. "The auction marks a breakthrough in China's mining industry," said Zeng Shaojin, director of the Chinese Mineral Development Administration.
I first became aware of the opportunities that had become available in this highly geologically desirable part of the world in 2000 aboard the private jet of one of the hardest working and smartest men in the business, Robert Friedland. Friedland, now CEO of Ivanhoe Mines (TSX: T.IVN), previously famous for his discovery and sale of Diamond Field's huge nickel deposit to Inco for more than $3 billion, was busily flying from Hong Kong, to Korea, China, Mongolia and other rarely considered outposts, tying up mineral rights with governments that had just began to open up.
His work from just a few years ago already appears to be paying off as Ivanhoe now sports a $3 billion CDN market capitalization, mainly from its huge copper and gold deposit Oyu Tolgoi, in Mongolia.
While Friedland was well ahead of his time, which is usually a trait of the best entrepreneur's, the boom in China has yet to even begin.
Very few foreign mineral exploration companies have begun to realize what is happening in China right now, and the opportunities that exist. But I believe that this will all change very quickly, and when it does, we will likely see one of the biggest gold exploration booms in recent history.
StockHouse editorial contributor, Steven Saville, believes we are currently in a secular bull market for gold, that began in 2000 and will not see its ultimate peak until 2010-2015, well into triple digit levels. If this is the case, with gold in a bull market, and one of the world's largest, most unexplored geologically rich areas now open for business, there will be dozens, if not hundreds of massive success stories in the years to come.
One of the first success stories is Southwestern Resources (TSX: T.SWG). Southwestern saw their share price rise from less than $2 to over $20 in 2003 based on their gold discovery, named Boka, in southwest China. Southwest has stated that they have a combined indicated and inferred resource of 5.4 million ounces of gold, at a cost of $143 per ounce. But Southwest has yet to finish its exploration and it appears that they will have a much larger deposit once all is said and done. In a recent Raymond James report, in which they have a "Strong Buy" and a one year target of $27.50 (nearly a 200% gain from current levels), they stated, "It is crucial to appreciate that the inferred resource and the scale of the resultant operation will be, in our opinion, only a fraction of the ultimate operation at Boka".
In a normal mining exploration project, when a company such as Southwestern comes across what appears to be a giant gold discovery, it is normal to see dozens of microcap junior mining companies all battling to stake the ground surrounding the deposit. However, in China, most juniors have yet to realize, or have the local expertise and experience, to get involved in what will surely be an area with a multitude of massive discoveries over the coming years.
In the meantime there are just a handful of stocks to watch for the time being in China. But those companies, with their local expertise, government contacts and experience will do incredibly well as they are the leaders in what will almost surely become one of the hottest areas this sector has seen in years.
TWO STOCKS TO WATCH
Mundoro Mining (TSX: MUN) $2.33
Mundoro (TSX: T.MUN) has quietly been expanding the largest known gold deposit in China, with over 8 million ounces proven up to date. Unbelievably, their market capitalization is only $100 million CDN, likely due to non-promotion as well as the perceived country risk being in China. However, as I have noted in my articles, China should not be perceived as any greater of a risk than most other countries. And when you take into account things such as environmental issues, China should really be looked at as possibly less risky than even Canada and the US, as you will never see a gold deposit left undeveloped in China due to political pressure from local native groups or environmentalists.
I will be doing a follow-up feature report on Mundoro next week as part of StockHouse's coverage of the China Mining Show in Beijing.
Magnus Resources (OTCBB: MGNU)
Magnus Resources (OTCBB: MGNU) has claimed and has been working the ground north of Southwest's Boka discovery for more than a year and seems to have the leadership, intelligence and team to possibly become the next large discovery in this area. I recently visited their property and was able to see the exploration team they are putting together which they envision will be the leading mineral exploration team in the country.
I will have a feature report and interview with Magnus' CEO, Graham Taylor, next week as part of ongoing coverage at the China Mining Conference in Beijing.
CONCLUSION
The privatization of China holds a multitude of opportunities, and the gold mining business will undoubtedly be a story which will grow and develop over the coming years.
While other countries in the region, such as Mongolia and Myanmar, may be very exciting and are also in the process of opening up further to foreign investment, China, under Hu Jintao, has shown to be by far the most aggressive and results orientated.
As part of StockHouse's commitment to the resource/mining sector, we will have two special reports next week on two of the companies leading the way in China as part of our coverage of the China Mining Show in Beijing (http://www.china-mining.com). Also, please take note of our new Natural Resources Stock Center for further research in this sector.
Disclosure: Jeff Berwick owns 5,000 shares of Mundoro Mining (TSX: T.MUN)
Sorry, thought America had Veterans Day on a different day, thats Thanksgiving, sorry for the error. Interesting to note Armistice Day falls on the exact same day.
Nice jonesieatl, that was a good reversal. Now over the 200MA also.
OT: Beijing unveils Mascots for 2008 Olympics
http://news.yahoo.com/s/ap/20051111/ap_on_sp_ol/oly_beijing_mascot
Still peeved at Mel Lastman for screwing our chances with his racist remarks!
Remember the Vets! Happy Remembrance Day!
Nice chart Ed
PWEI - I guess this is why they say TA precedes news, but is now selling off from high of $17.00
PW Eagle forecasts 4th-qtr, year earnings
Thu Nov 10, 2005 06:01 PM ET
SAN FRANCISCO, Nov 10 (Reuters) - PW Eagle Inc. (PWEI.O: Quote, Profile, Research) said on Thursday demand for its pipe products is strong in the fourth quarter and it believes earnings before interest, taxes, depreciation and amortization, or EBITDA, will be at least $55 million in the period
http://biz.yahoo.com/bw/051110/20051110005948.html?.v=1
IFO - also continuing
charts on previous reply
Afoot and light-hearted I take to the open road
Walt Whitman
Charts for Nov.11th
Happy Remembrance Day (Canada)
Wasn't able to post this last nite, cause ihub reverted me back to an unverified account status and I only posted one message strange! But iMatt helped me out, thanks!
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Hey Trarder 4 Higher,
Anyone can take the test, as long as you pay $900 CDN.
You do have to be sponsored by an actual brokerage to work, but you have to be certified by the Canadian Securities Institute first. https://www.csi.ca/ ... it involves passing 2 exams and then taking a Conduct and Ethics course.
Good question why go through all the trouble if you hope one day you won't use it. Its for back up, I'm currently self-employed and don't wanna trap myself! As for me wishing to make money and be a full-time trader, that would be great lol, but I would still need a safety net to be caught in! Just in case. Once you pass the exams your certification is valid for 3 years. Currently the work I do right now can allow me to find another job, hoping my other job can be trading for myself, but I'm not betting on that. But if that happens I hope it allows me to be a philanthropist!
Awesome Castle!!!!! Thanks, damn seems that some already started to make their moves!
I'm not allowed to post a message on your ihub board, cause I'm a freebie!
Thanks once again! I've added your board to my favorites!
Hey Ken
I'm sure one will have to do their bidding!
I hate the phone thing, lol! I'm self-employed right now so I don't have anyone doing a 401K Canadian equivalent, not lucky enough, lol! Hopefully I don't have to rely on the Canadian Pension Plan.
I also couldn't irritate anyone to invest, if I do hopefully they'll thank me later on! Will let you and Flota know, thanks for the confidence!
Hey Ed
I break of 2.31 for PCR.TO and this could get interesting.
Here's a list of stocks that I look at time again, by Businessweek detailing hot growth stocks. It first came out several months ago, and I last checked all of them about a month back to realize that majority of them were down since BusinessWeek profiled them, so I'm thinking some will start to grow again. Just thought I should share.
http://www.businessweek.com/pdfs/2005/0523_hotscore.pdf?campaign_id=spr_yahoo_hotgrowth05
Thanks
Boom
Thanks Ken
Thanks Ken, It means alot coming from you!
The last two weeks, I've been looking more at large caps, and I'm wondering why the heck have I always paid attention to penny stocks! They respond more predictably, I like the fact that with large caps you limit your "market risk"! I need more of that in portfolio!
I'm coming up to my second full year of investing in Feb 2006 and I've always stayed clear of the more expensive stocks.
Netflix (NFLX) & also India Fund (IFN) are the ones that got me thinking more about large caps. NFLX caught my eye early May 05 due to the breakout and now look at it, trying hard to tear down $30. More then a 100% gain! Then I look at my portofolio and see no gains just losses in that time frame! Such is life! lol At least I'm still smiling! lol
I've decided to get my stockbroker license here in Canada, hopefully I won't have to use it, lol! Thanks for the outlet, don't know what I would do without it, I might be wandering the streets aimlessly! lol
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LVLT - doing well ever since that magic box!
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Greenbuild Conference in Atlanta
Interesting companies attending
http://www.greenbuildexpo.org/
A good possibility chartinator, gaps do like to be filled but then I've seen gaps like these never fill. Nothing here is for certain. I'm trying to obtain a high probability, a good batting average so to speak.
Boom
Nice handle by the way the charinator!
TSX charts: Nov. 10th
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NOT.V
What's moving NOT.V?; two nice sessions in a row with increasing volume.
Chart on previous reply
Venture charts: Nov 10th
Wonder it'll break to the upside or not?
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Is Sleeper waking?
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This the start of a new trend?
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Holding so far.
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Trying to break to the upside wonder if it can?
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Charts under $5 Nov.10th
Also had BRVO & SMTX - Gok got that covered!
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Grant Money news
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Hey stockprof
Didn't know there was a board for SNA, nice to see more Canadian boards being set-up on ihub.
Boom
Charts for Nov.10th
Charts that are still showing sign of strength from previous list;
HANS - stellar day up 13.23%; also on Nasdaq.com unusual volume gainer
CYCL - trying to break 16.00
OXPS - still moving upwards - Nasdaq unusual vol. gainer
SPSS - nice gain for the week so far 8.4%
TRDO - new 52 week high - Nasdaq unusual volume gainer
TRAD - holding support
WMT - imo, looks like it wants to fill the cup to $50
BOOM - went bust a couple of days ago is currently resting on support
http://www.investorshub.com/boards/read_msg.asp?message_id=8344992
Here's some charts some will grow some will not? Finding the one that do is our million dollar question!
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Duly noted Ken, thanks for the update.
Looking forward to your new template!
Boom
ADPT - nice if 4.50 can hold, if not still a beauty of an uptrend channel
Like the higher then usual volume, that has been occuring lately.
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Thanks for the heads up december! I'll start watching it.
Hello Treepeople
I've had you earmarked for awhile now, nice to see you here! You do a good job deciphering TA, here and at stockhouse. Keep up the great work!
NOM.V been following, like the bounce of the $3.00 level, chartwise it's a great set-up I do agree with you. Looks like you got a reversal wedge happening there, imo. I'm hearing good things about this company. Aly Babu Mawji has been a buyer of NOM.V in the 3.20. Thats usually nice to see.
SLV.V thanks I'll start watching that more carefully.
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You lucky duck! lol
Blue skies!
UTS.TO - duffgain
Support at 4.20 area and resistance in the 4.75 area currently.
Also I find that exiting is better at odd numbers. People tend to enter at round numbers so I never set my mental stop losses there.
&r=6517
DJE.V Tackler
You still holding? Looking nice and I remember u telling me about this at .60 cents!
Your welcome Duff !
TMG.V UPDATE
Wasnt able to hold the 20 cent level so off to the back burner, imo Thermal's time will come just a matter of when. It looks like Hinke the former CEO left the new mangement with no sales pipeline.
Sale cycles are 8-12 months according the IR person. Angus took over in Feb.
I'll let the board know when I feel TMG.V will have a better environment for share price growth.
Goodluck
Boom
Hello duffgain,
I'll use FPS.TO as an example, support is easy to find and is your best friend if it can hold. You see how the share price goes to 9.50, you can see on this chart that its been doing this many times in the last few months, that would be your support line, just print this out and draw a straight line, if 9.50 doesn't hold, then 9.00 would be your secondary support line. Now resistance is like the same, you see how the share price goes to the 10.00 range and then is brought down, that would be your resistance point. The key is to remember that once support is breached and can't hold it becomes your new resistance point. So if 9.50 can't hold it becomes resistance for FPS. There'll be multi support and resistance levels so its important to keep track of them all. The way I trade is buying the breakout. Has worked before with nice returns, now I have to sharpen my selling strategy, lol! Now that is what makes or breaks any trader.
If I can recommend one book that I found indispensible it would be Stan Weinstein's "Secrets For Profiting in Bull and Bear Markets" the title is cliche but his ideas work time and again. Hope this was helpful and hope to see more of you here. The more here the better off we all are!
http://www.amazon.ca/exec/obidos/ASIN/1556236832/qid=1131549932/sr=8-2/ref=sr_8_xs_ap_i2_xgl14/701-2....
&r=9473
EME.TO & BNK.TO
Like the breakout on this. Check out how the weekly chart was telling us of the set-up. Some times its better to take a longer view with the weekly charts, sometimes too much confusion with daily charts.
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Reversal wedge?
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Hey Ken,
Nice to see you! You'll find we're very hospitable! Thanks for crossing the border lol!
No need to thank me for placing your board in the header, if I like and I think others can learn up it goes! Your work with seasonality is thought provoking! Gets the brain's juices running lol!
You're a class act Ken!
Boom
NOT.V / BVG.V / JER.V charts
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