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PCR.TO - chartwise Ed looks nice, imo. Support at $2.00. I make it customary that if support doesn't hold I usually get out. Has saved me bundles of money! But the times I've violated my rule I virtually always regret it, lol! You have resistance going up at the 2.70 and 2.50 and at the current level, but does seem to me it wants to continue the uptrend channel. Connect all the lows and draw a straight line and also line connecting all the highs, disregard the day it went 2.72. And you have the uptrend channel. (Wish I could anotate charts, lol) Right now its in the middle of the channel. I would watch this channel and see how it can progress. How is the price of copper doing? Are they in production?
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I hear you, just looking at the chart quickly if the PPS reaches near 50 cents this could be a good buy, but then if 50 can't hold it'll be a good time to sell.
Goodluck
Any reason for the fall from grace? Oracle Energy once beloved by the Venture seems to be hurting right now, wonder if its a good buy at these levels. Any opinons Tackler?
Boom
AFO.TO new 52 week high
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SNA.V
Been watching this company for awhile now, caught my eye again early Nov due to the breakout. Forgot to post it, now 20% higher, argh!lol. Interesting company.
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Thanks vinotinto67 - the more stocks we know of the better it is - I think lol! Come by anytime, think of this place as your home away from home! We are all learning together here to see how far this rabbit hole actually goes!
Boom
Appreciate your insight Ken!
I played this when it was GTEL, wish I had some available money! Would've took a position last month. Oh well there will be other.lol!
PS. Ken/Gok this board and the Seaonality board gotta be the most repectful boards I know of! Very civil and constructive! Appreciate that! I'm sounding like a broken record, but I gotta give credit where credit is due! Thank you for fostering an educational format here! Its rare I tell you! lol You've helped me decide the direction of my Canadian board! Education, Education, Education! Speaking of education gotta go back to my studying!lol
GTE - looking to go for round 2
chart on previous reply.
Hello vinotinto67,
Thanks for visiting! Always like new faces
Its funny you mentioned VANGUARD CORP (VRS:TSX) was looking at them a few weeks back. I always try to find basing stocks. Don't know too much about the company fundamentally, do like the field they are in, thats for sure.
Don't see too much downside in share price at these levels. You do have resistance at the 2.00 range. Support at the 1.60 range currently. The spread can work in your favor or reverse when selling. Nice volume on the Nov. 4th, broke the basing pattern. Don't see any news on the 4th, any reason for the jump? Could be a good sign that VRS is reversing, wonder if it'll hold? Cautious is always needed as they are buyers that are looking to break even, they can always damper the share price. The stock took a beating this summer, but seems to be reversing nicely so far. For me I would need a bit more confirmation to go ahead. Thanks for bringing VRS to my attention will start tracking it. Thanks Here is some charts, they update themselves so we can always refer to them.
Goodluck
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Nice pick Churak running hard today!
I second that! JP should change is handle to Magic Maker Gok! lol Keep up the great work!
I guess we'll agree to disagree. I find nothing wrong with LEGAL shorting, after all we are in this for profit! And shorting can be quite profitable. Some companies deserve to be shorted, imo.
I understand your point but if the SEC says its okay, then its fine with me! As for illegal shorting I wish SEC would do their job and clean up the mess! And while they're at it, delete the Berlin exchange lol! Since this is the ekwx board we should get back on topic. Thanks
Hey Bartermania
I personally see nothing wrong with shorting as long as the shares exist why not! Go right ahead! Alot of people think its un-American but I don't feel like that.
I've seen so many good companies on the illegal naked short list wreck havoc to shorters!
I understand where you are coming from when you say that is what shorters want you think!
"Naked Shorts don’t kill good companies, good companies kill naked shorts"
Mark Cuban, Owner Dallas Mavericks
Thanks for the reply kraftdinner!
Chartwise its a nice set-up I do agree with you there! imo
Thanks for the webcast.
Boom
Stockz40
I'm always nice! Just waiting for a gift now! lol
Boom
Welcome back Wizetradr! Glad to see you around!
SHY.V - nice close
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SHY.V - Nice break in today's trading.
Anyone familiar with the company?
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ZL.TO - 17 994 040 shares traded.
check previous reply for charts, looking nice! If it can break the 2.10 area, next resistance at 2.50.
RSM.V nice close. 3 days straight of over 1 million shares traded. Over 5 million for the week. Nice, should continue upwards, imo.
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LVLT - trying to tear down $3.00
Thanks for the encourage Stockz40! Appreciate it!
Boom
Its funny China is playing the double edge sword act!
The only think I actually remember about this stock, was about a year ago, there was an analyst on ROB TV that indicated that some of the riches families in China had a stake in the company. Don't know how accurate that is still.
Chart wise seems like it might be making the handle, we'll see!
Boom
Thanks Tackler, I never thought this place would become what it is today, I'm happy that everyone here leaves their footprints!
Tackler the more I read your posts, the more I understand what a great asset you are here! Thanks appreciate all your input and dedication. That goes out to everyone here! Thanks everyone!
Nice to see you Ken's Seasonality post, Ken like you is a great resource at Ihub!
Cheers
Boom
Glad you liked it Susan, its a good stock philosophical poem! lol Go against the grain!
Before my passion for stocks, I used to submerge myself in literature and poetry! They can be great friends! lol
Heres some more charts under $5.00
http://www.investorshub.com/boards/read_msg.asp?message_id=8361568
You can see them when stockcharts gets its act together!
Useful Article #6
The Road Not Taken (1915)
By Robert Frost
Two roads diverged in a wood, and I-
I took the one less traveled by,
And that has made all the difference.
TMC.TO - nice news recently
Lets see if it can hold 2.25
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V.ICI
http://www.inter-citic.com/
China Gold play
Tackler you know anything about the prospect of this company?
A break of 1.30 could be interesting here.
I have a question for you on your Eritrea board, but didn't post it as a reply to you? Thanks
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Thanks Gok
You're underestimating them Goktradamus, at least you know how to make templates, lol!
Hey Tackler,
So how's the political situation in Eritrea for the resources there, now? Has it got better?
Thanks
Boom
Hope no one minds all the charts! Tell me to stop anytime! lol
Thanks Boom
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WED.TO interesting day
Could get interesting if it can hold the $4.10 area.
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Hey Gok, CVM
CVM was able to break the 200MA but was send back down from the .70 level, which is also the a major resistance line for the last 8 months. Trace reply back for charts. Powerful set-up indeed!
History of walk downs with this stock as is evident in the charts. Wonder if has enough energy to tackle the .70 cents or not?
Boom
OT: Cultural differences - Note to self never go trick or treating in Italy! Luckily the boys are recovering!
Boys get gunshots, not treats, for Halloween
ROME (Reuters) - Two Italian boys were recovering in hospital on Tuesday after a 70-year-old man shot them with his hunting rifle because he was frightened by their Halloween costumes.
The 14-year-old boys, dressed as demons, had knocked on the man's door during an evening of "trick or treat" near the northern town of Turin and set off a firecracker.
When the door opened, instead of a treat, the man fired four shots at the boys having been scared by the noise and their strange outfits, the news agency ANSA said.
Police arrested the man, who lived alone and was the victim of several robberies, for attempted murder, ANSA said. Police said the boys' lives were not in danger but one risked losing an eye.
The tradition of asking neighbors for sweets or money on Halloween is relatively new to Italy but is gaining popularity.
OT: In Lighter News: ODD NEWS Section
Lesson - look before you sit down, closely that is!
Thu Nov 3,12:32 PM ET
Man Sues After Using Glue-Covered Toilet
BOULDER, Colo. - Home Depot was sued by a shopper who claims he got stuck to a restroom toilet seat because a prankster had smeared it with glue.
Bob Dougherty, 57, accused employees of ignoring his cries for help for about 15 minutes because they thought he was kidding.
"They left me there, going through all that stress," Dougherty told The (Boulder) Daily Camera. "They just let me rot."
The lawsuit, filed Friday, said Dougherty was recovering from heart bypass surgery and thought he was having a heart attack when he got stuck at the Louisville store on the day before Halloween 2003. A store employee who heard him calling for help informed the head clerk by radio, but the head clerk "believed it to be a hoax," the lawsuit said.
Home Depot spokeswoman Kathryn Gallagher said she could not comment on pending litigation.
The lawsuit said store officials called for an ambulance after about 15 minutes. Paramedics unbolted the toilet seat, and as they wheeled the "frightened and humiliated" Dougherty out of the store, he passed out.
The lawsuit said the toilet seat separated from his skin, leaving abrasions.
"This is not Home Depot's fault," he said. "But I am blaming them for letting me hang in there and just ignoring me."
China interested in Sask. uranium, Calvert says
Last Updated Oct 25 2005 06:17 PM CDT
CBC News
Premier Lorne Calvert says China is interested in Saskatchewan's uranium, although Ottawa sets the rules about where uranium can be exported.
"We have not sold any uranium to China, but obviously that is of significant interest to the Chinese – to the Chinese energy future," Calvert said in a media call from Beijing Tuesday. He added that Canada is bound by the provisions of the Nuclear Non-Proliferation Treaty.
China plans to build dozens of nuclear power plants over the next 10 to 15 years.
Calvert and Industry Minister Eric Cline are on an Oct. 17-29 trade mission that's taking them to China, Japan and other Asian countries.
Calvert said the rapidly growing economy in China makes it a strong market for Saskatchewan's potash, forestry and energy industries.
Although Calvert didn't emphasize uranium, the China trip comes some 10 months after federal officials said Canada and China have agreed to work together in the energy sector, including "the uranium resources field."
Under that agreement, the two countries are supposed to encourage Canadian and Chinese enterprises to develop commercial partnerships.
Calverrt said Cline had met with people from the Chinese nuclear industry.
On the topic of potential Chinese investment in Saskatchewan's uranium industry, Calvert said "any investment in our province around uranium is subject to all of our own environmental and occupational health and safety regulations and law."
Calvert's next stop on the Asia trip is Tokyo, while Cline travels to Kazakhstan.
Team Saskatchewan plans to meet with numerous trade and industry groups, include the Overseas Uranium Resources Development, Japan-Canada Uranium Company Ltd. and uranium companies, a news release from the Saskatchewan government said.
SVN.TO - what a week!
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China Consumption, Dwindling Supplies Positive Signs For Silver
Thursday, November 3, 2005
By Sean Mason
There was at least one silver anniversary this year that went largely unnoticed. Twenty-five years ago, the Hunt brothers of Texas tried to corner the silver market, sending the price of the precious metal soaring to more than US$50 an ounce. It is arguable that the fundamentals are there for a similar price run today, driven by seemingly-insatiable demand from China.
An attempt to corner the market, like the one the Hunts engineered, isn't likely to repeat, but some analysts predict prices as high as $100 an ounce under certain market conditions, seeing that demand for silver has outstripped supply every year for the last 15 years.
One of the wealthiest families in the United States at the time, the Hunts bought silver as a hedge against inflation, and by 1980, had accumulated more than 200 million ounces of silver -- about half the world's deliverable supply.
As others piled on the Hunts' silver bandwagon, the rules suddenly changed. The New York Metals Market (COMEX) and the Federal Reserve intervened to stymie their plans, and the price plummeted, culminating in a 50% one-day drop on March 27, 1980 from $21.62 to $10.80.
Speculators lost millions as the silver market collapsed. The Hunt brothers, who were highly leveraged, declared bankruptcy and in August of 1988 they were convicted of conspiring to manipulate the market.
Some of the factors that allowed the Hunts to launch their ill-fated drive are present today - high energy prices, skyrocketing commodity demand, and tight supply. And of course, there's China.
GFMS Ltd., an independent London-based precious metals research firm, points out that private individuals in the China were forbidden to own gold and silver up to 1982. In 1993, non-government gold and silver exchanges appeared and the Hoatong Silver Exchange was established in 2000.
But China's rapidly-expanding industrial base might put the greatest pressure on the silver price.
China will someday require more electrical power than any nation on earth. David Morgan of the Silver Investor, a renowned writer of silver investing, reported that American Superconductor shipped 18 miles of High Temperature Superconductor (HTS) to China. The Silver Institute estimates that the demand for HTS may be as high as 50 million ounces on an annual basis.
On the supply side, there is just about 120 million ounces of refined silver in warehouses, this according to the New York Mercantile Exchange. This is less than half of what was available in 1980.
In an interview with StockHouse, David Morgan said silver demand has outstripped supply for at least the last 15 consecutive years: "In the short-term, if silver breaks above $8 an ounce, it could see $10 by April 2006. In the long run, I wouldn't be surprised if silver was trading in the $20 to $30 range, possibly as soon as 2008."
Mr. Morgan, however, says public psychology will play a big part in determining whether silver experiences a significant price spike, such as that in 1980: "The perception of a currency crisis (from the U.S. increasing the money supply) might cause panic buying. If that's the case, all bets are off - silver could hit $100 an ounce."
One of the greatest attributes of silver, according to Mr. Morgan, is that demand is inelastic. Many companies that use silver for industrial purposes "consume the metal in such small amounts that a significant price increase will not cause them to reduce their silver purchases. Honda (NYSE: HMC), for example, uses silver in their cars to prevent the rear windows from fogging," he says.
Canaccord Capital analysts believe that if new applications for silver become popular, the annual deficit could widen to as much 250 million ounces, this as reported by Craig Stanley of ResourceInvestor.com. Some of this deficit has been filled by sales from government stockpiles, although according to the Silver Institute, net government sales fell by 30%, to 61.7 million ounces in 2004, perhaps further evident of dwindling global supply.
According to the Silver Institutes, silver produced at primary mines increased in 2004 by 9% to reach 188.5 million ounces, representing 30% of world silver production, with the balance originating from copper (26%), gold (12%), and lead/zinc mining (32%).
This is, in part, a consequence of the scarcity of large silver deposits, which can be economically exploited at prevailing silver prices. If the price of silver begins to rise significantly, it will become profitable to bring smaller silver mines into production, although that won't happen quickly.
Demand for silver in the future will likely be greater than it was in 1980. Silver jewellery purchases should only increase as per capita incomes rise in India and China. Silver also has new industrial and consumer uses. Silver is being used as a biocide, killing bacteria by breaking down their cell walls with no harmful effects to the human body. It is replacing chlorine in water filtration systems.
The U.S. Senate Subcommittee has held hearings on the use of silver-based biocides as an alternative treatment for wood preservation, according to the Silver Institute. This would replace arsenic compounds, which are toxic to the environment. As well, silver is being used in nasal spray, eye drops, burn ointments, and its fibers are being used to improve bandages.
The Silver Institute states that as a result of the growing popularity of digital cameras, photographic demand in 2004 slipped to 181 million ounces, a 6% decline from the previous year. China, however, experienced an overall 6% growth in traditional photographic demand in 2004.
Governments will also likely continue to use silver in the minting of coins. In 2002, President Bush signed into law legislation that authorizes the U.S. Treasury to buy silver on the open market when the nation's silver stockpile is depleted. Public Law 107-201 will ensure that the largest and most popular silver investment coin program in the world, the American Eagle Silver Bullion program, continues unfettered by disruptions in the U.S. Mint's silver supply, this as posted on the Silver Institute's Web site.
As an alternative to buying the metal itself, a leveraged way to play a possible rise in the price of silver is to purchase shares of the silver producers. There are more than a few Canadian mining companies, both senior and junior, that specialize in silver production and exploration. These include Pan American Silver (TSX: T.PAA) and Scorpio Mining (TSX: V.SPM).