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You rang ?
How you doing ? I too, am busy with real world things these days and posting less. Probably better as daytrading is NOT my forte ;o)
regards,
Kastel
A cute and cuddly Canadian
hasn't ratified it yet
Yeah but you know how that works Michael, They all need a legacy before they split whether it's the right thing or not is moot.....
regards,
Kastel
A cute and cuddly Canadian
Ah! then it sounds we're not so far apart. I really had to resist reloading on some golds last week but not having time to trade daily made it easier. I didn't want to repeat my profit returning exercise of last July when I got in too early and stopped out. I did add some PAA(TSE) and NGX(TSE) along with the Sultan but only eased in though both are doing fine :o) I bought the NG trust more heavily. The way NG has held up (forget the war or not war I say) seems like a decent time to pick up some good values.
I'm wondering too in light of Kyoto heading down the ratification trail up here if it might not be time to look @ some more green energy.
If you think ZEEV's thread is grizzly I've been reading a few that sound like the end times are nigh... Hope not as I'm thinking of buying a small business .. and it's not guns.
regards,
Kastel
A cute and cuddly Canadian
sell gold stocks,
Wow ! What a catharsis for such a short hiatus...
Is that traders only, wild specs only or core positions too, the entire shebang ?
On the NG sure. In fact as I've never been out having kept substantial gassy trust holdings, AVN.UN, PWI.UN and recently been accumulating AE.UN (all TSE), but but but sell gold shares is a hard 180 for you no ?
regards,
Kastel
A cute and cuddly Canadian
EDIT I'm holding mostly wild speckies in the PM's like the recent SUL addition but I've lots of cash to deploy.... :o)
EDIT again... any prognostications on the USD then ?
Gee Tom,
Now I know I'm running with the big boys, no wonder I can't always keep up ;o)
regards,
Kastel
A cute and cuddly Canadian
EDIT nice to see you around here.
So marcos,
Was that you moving NGT today ;o)
regards,
Kastel
A cute and cuddly Canadian
Miramar at July smackdown prices now Northgate holding up well.
I was a tad early on Sultan. Just how low an entry you for ? :o)
Lots of cash though now and all those trusts of mine are doing nicely rain or shine :o)
regards,
Kastel
A cute and cuddly Canadian
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18136776
regards,
Kastel
A cute and cuddly Canadian
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18136776
regards,
Kastel
A cute and cuddly Canadian
Started a position in Sultan today, just 10K @ .19.
regards,
Kastel
A cute and cuddly Canadian
Hi roses,
Born in Montréal, lived in Cranberry Portage Mb for a little while (yes it`s on the map between Flin Flon and the Pas :o) and now in Toronto on the very eastern edge. Swore I`d never live here but they so desperately wanted me that they had a municipal amalgamation....
regards,
Kastel
A cute and cuddly Canadian
Good point Michael,
I own a lot of FAP.TO as a play on the greenback and relative strength especially of the AUD. It pays me 9.5% based on my cost base. I was reconsidering my position quite a while back thinking if the loonie raises then what gain do I get but I bet that our loonie wouldn't much outpace the greenback and so far so good.
regards,
Kastel
A cute and cuddly Canadian
Michael,
One of my clients is a homebuilder. They see no let up yet. Their estimator has a similar story to yours. A home recently sold for an astronomical price. There is another home on his street going for a silly price. If it sells his house will go for sale also.
Then again my next door neighbour is a real estate appraiser and so is also close to the industry. He is doing a lot of appraisals for re finance. He finds appraisal values (dependent on market price) have topped here or are at least resting. A big difference this go around from the last big boom in the 80's is that then there was a huge amount of speculation ( a la Nasdaq etc) which is not apparent this go. It seems to be more cocooning.
Even in my case the profits in my non registered account got blown on home upgrades before I could lose them back to the market, phew ! My home value is up at the prices of the last bubble 320K, I bought in the last bust for 219K :o) One down the street went for 550K and one around the corner is valued 1 million plus. Older neighbourhood (40-50 years) with big lots by today's standards and the pricier ones are newer builds on old lots.
I guess in all this it depends on your neighbourhood and city. I'm not seeing the same mania as when I bought my first home (beginning of the last bubble here, I've been lucky) but prices are definitely high. Toronto's near future appears economically sound. It's the re financing that concerns me.
regards,
Kastel
A cute and cuddly Canadian
Hello Michael,
Yep, I've been adding NGX @ +/- 1.20, avg a little lower than 1.20 now. My initial target was 1.30 but all my stink bids got lowered recently. Didn't buy any today though. I've stink bids also on ELD, K, NGT, BGI, DNT, CDE HL, and RIC. TYKE over on SI brought up NOV.TO. Any caveats you know of ? I have done NO DD yet. Except look at it on Yahoo.
regards,
Kastel
A cute and cuddly Canadian
Sustainable, no, I've not thought so for a long time. I'm just noting the positive spin :o)
regards,
Kastel
A cute and cuddly Canadian
http://biz.yahoo.com/rb/021017/economy_housing_3.html
"Housing starts are extremely strong, just through the roof. They are not consistent with fears of a double-dip recession, and add to the case for the Fed remaining on the sidelines through November and December," said Sean Callow, a foreign exchange analyst for IDEAGlobal in New York.
A cute and cuddly Canadian
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18119172
LOL...
A cute and cuddly Canadian
Hi bonchance,
East of Ontario, the sales taxes are harmonized. This is a bit misleading though.
Dans le Québec, it is administered by the provincial government (like their provincial income tax) not the feds.
In the Maritimes and Newfoundland it is administered by the feds.
However in Québec and PEI the PST component is based upon the GST as well as the purchase price, ie they tax the GST :o)... some scam eh!
Ontario and west the taxes are separate, especially in Alberta where it is so separate that the PST component doesn't exist :o)
Who's on first LOL...
regards
Kastel
A cute and cuddly Canadian
EDIT as I recall the territories only have GST also like Alberta..
Thanks for the invite EZ. It's bookmarked.
regards
Kastel
with a diet drink. lol
or a light beer ...
another hoser
Hi Michael,
Sorry I should have elaborated. re: haven't a clue why you posted that?
I've been looking at ways to invest in China for a while. I think China and not the US may be the key to pulling us out of this economic funk.
Looking for China possibilities that are not tainted by other asian baggage ie not Japan, not Malaysia ... just as pure China as possible.
HSBC, founded in Hong Kong and Shanghai in 1865, wants a bigger presence in China,
HSBC Chairman Sir John Bond said in a statement that ``long- term prospects are very favorable in China.
Re: BBD.b I was speculating quite a while back @ 3.27 for the low. Well it beat that but closed above. So I dunno either. I'm not in, yet.
The parent company, Bombardier is on the hook to guarantee the loans Yep, starting to sound a lot like NT.
I wish you'd let ELD alone. I want some cheapies to make for some crappy daytrading attempts with it in July. Stops hit twice almost at exactly the low points over a few days.
regards
Kastel
virtually ? naw he was taunting her alright ...in between the lines he was telling her her opinion wasn't worth a tsp of fly poop..
5'11'' 178lbs. = 24.86513397413933
People with a BMI of 27.0 or greater qualify for prescription weight loss drugs.
http://www.quickmedz.com/index.asp?cat=bmi+calculator
It's definitely too vague. I know I'm not fat, no spare :o)
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18085230
Hello Jay, <<(a) Bet on the Scots - Doubled my existing stake in The Hong Kong and Shanghai Banking Corporation (HSBC) ... If I know the Scots, they should be preparing to buy cheap in blown apart markets soon>>
The buying starts now (expensive, but for growth):
http://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%...
10/08 07:20
HSBC Buys 10% Stake in Ping An of China for $600 Mln (Update3)
By Theresa Tang
Hong Kong, Oct. 8 (Bloomberg) -- HSBC Holdings Plc, Europe's biggest bank by market value, agreed to buy a 10 percent stake in China's Ping An Insurance Co. for $600 million to gain access to one of the world's fastest-growing insurance markets.
The investment in China's second-biggest insurer is subject to regulatory approvals, HSBC said in a statement. HSBC will provide technical assistance to the insurer, which is about 15 percent-owned by Goldman Sachs Group Inc. and Morgan Stanley.
HSBC, founded in Hong Kong and Shanghai in 1865, wants a bigger presence in China, where the government expects life insurance premiums to double to 290 billion yuan ($35 billion) by 2005. Ping An gets access to technology and expertise that will help it compete as barriers to foreign insurers fall.
``It makes sense for HSBC to line up with local financial giants to access China's banking and insurance industry,'' said Nelson Lee, who helps manage $2.3 billion at BNP Paribas Asset Management Ltd., which holds HSBC shares. ``Insurance businesses also need extensive networks that must be very costly for foreign players to develop on their own.''
European insurers including Aegon NV of the Netherlands also are forming alliances hoping to tap China's savings market following the country's entry last year into the World Trade Organization. American International Group Inc., the world's biggest insurer, was granted a license in May to sell life insurance in Beijing.
``These are good moves strategically, but could take 10 to 20 years to pay off,'' said Barrington Pitt Miller, an analyst at Banc of America.
Bond's View
HSBC Chairman Sir John Bond said in a statement that ``long- term prospects are very favorable in China.'' In August, household savings in China rose above $1 trillion for the first time, according to the National Bureau of Statistics.
London-based HSBC, which in December agreed to buy an 8 percent stake in Bank of Shanghai, bought 247 million new shares in the insurer. Shenzhen Venture Capital Co. is Ping An's largest investor, holding 17.8 percent, said spokesman Sheng Ruisheng.
``We are still reviewing Ping An's share sale plan and no final approval has yet been granted,'' said Meng Zhaoyi, deputy director at China Insurance Regulatory Commission's International Cooperation Department in Beijing. ``Chinese regulators are taking a positive attitude toward this kind of move because it's market driven and will facilitate changes in domestic insurers.''
Ping An, which employs 21,500 staff serving more than 20 million policyholders, reported audited profits of $351.3 million in 2001 using international accounting standards, according to the HSBC statement.
Hi Snow,
I agree with Maurice. I've only used ignore twice, once on SI and once on Yahoo. Both times I found the gaps too annoying. I actually didn't even notice its absence here. I haven't used ignore in well over a year. Even misanthropes make good points sometimes. The jail concept is pretty cool actually, kind of like a modern pillory....;o)
regards
Kastel
Hi M,
I've been here for a year ans a half awaiting the demise of SI :o)
Bookmarked ;o)
regards
Kastel
Tomatoes soon macros...gonna be frozen here in TO on the weekend. Beans, peas, chard, lettuce, spinach, carrots, garlic are in though. It's the zuccinnis that I love to watch though sooooon I hope, got them started indoors.
' major maize' I always plant a few in the garden more as ornaments but we usually get a couple of decent meals out of them. Ain't nothing like just picked.
regards
Kastel
Hi Peter,
Still a pain this AM but it seems to be SI Subject marks that is screwed. If you bookmark you favourite threads directly in your browser ie. Netscape - Bookmarks or IE - Favourites it seems to work.
Kastel
Hi Peter,
Still a pain this AM but it seems to be SI Subject marks that is screwed. If you bookmark you favourite threads directly in your browser ie. Netscape - Bookmarks or IE - Favourites it seems to work.
Kastel
Yeah I've been 'overdrawn' a few times in teh RRSPs, a couple of hundred max though and often after buying US stock and me screwing up the conversion.
regards
Kastel
a cute and cuddly Canadian
I hope SI comes up soon, I like all you guys, but I miss my Doom and Gloom thread too :o)
Me too !
Just back from Montréal. Sold 40% of my Kinross 1 DAY TOO LATE LOL. Oh well a profit is a profit. On the plus side I rolled it into GLG.TO and HGMCY on Tuesday. The sale wasn't meant as a trade but as capital preservation. I am better balanced now in my 'PM basket' K, HGMCY, GLG, and DROOY in order of total value..
Peter I'd lay off NCF.UN as it's not hedged so with the crappy NG prices we have they aren't a great choice presently. Look at them re:NG like Kinross re: gold. Highly leveraged.
I'm looking at PWI.UN since they have decent hedges which should enable them to maintain dividend payouts but it's still a crapshoot of course, just missed picking some up today by a nickel, (not wiiling to go large yet though)
I'm looking at COS.UN (which Frank pointed out to me) for the same reasons he is looking at the integrateds plus I'm a little more yield oriented right now.
As far as gold well that's by far my largest holding, but I have a lot higher cash percentage than frank.
regards
Kastel
a cute and cuddly Canadian
PS SI been down for hours ?
HI LG,
Enjoyed your stuff for a long time, but this is first post.
F on my list for that reason.
Also to consider in same vein,
Tankers (not tanking stocks) - NAT VLCCF
NG/OIL royalty trust (with good hedges in place) as or PWI.un(TSE)
Kastel
a cute and cuddly Canadian
Hey frank,
'Anyway, I'd be careful about catching the proverbial knife.'
I just like to speculate (virtually). I'm not buying in here.
I've only bought what I've posted. some more pms, Some TVX and HGMCY and the only non PM recently was FAX as hedge also but your point about the 'all countries reducing rates in concert' reduces that effectiveness.
As a note I got my first dividend from FAX but a caveat; I hadn't realized there is a 15% NON resident tax on the dividend which is pretty hefty. I need to check if I get to write that 'tax' off. Could have ramifications for holding in registered versus non registered account... so many things to learn sigh. In non registered right now.
Gotta go to a customer site now, back this afterenoon.
regards
Kastel
a cute and cuddly Canadian
Stoxscores was a fav site during the heady tech days of buy on dips.
Hi frank,
That 7.89 'whimsical' call of mine on NT is looking better and better as a ST bottom. I wish I could guess the real bottom LOL.
regards
Kastel
Hi frank,
I noticed that but I do prefer that feature the way SI does it. On or off and it's automatic. Of course since SI only uses and American dictionary and you can't add to it there is a plus to this one also.
regards
Kastel
Hey Peter,
Actually it's funny. frank pointed out that I did have a login here (which I'd forgotten). I now remember I signed up back in April when LG moved here.
Is it you also that has TVX ?
regards
Kastel
Now that's comforting rotf.
PS I should have bought more HGMCY this AM it appears. I put some bids in later in other accounts but they don't look to get hit. What I need now is a ST pullback about 5 minutes long........lol
regards
Kastel
Hi guys,
The cute and cuddly Canadian has arrived (FWIW LOL)
Kastel
buys TVX and HGMCY this AM
oooops no preview ? my spelling is going to suffer :o)