Comments on: “We’re Sitting on a Goldmine!” Stephen Leeb

By: Peter Marks

Peter Marks — Wed, 10 Jun 2009 23:00:53 +0000

I suggest that you do not spend a large amount of money to have Gryphon Financial suggest options or stocks to you for investing. Gryphon charges a lot for their services, but the returns are very high. In the past two months I have over a 80% return on the options that they suggested to me. I am in their VIP Hedge Fund Options program and I paid $50,000.00 for the program. Others have paid $100,000.00 for the same program. I started with a program that cost less, $5,000.00, and when I really started to make money, paid the additional $45,000.00 to get the best trades. I am not sorry that I did, as it won’t take too long to make up that $50,000.00 by using their recommendations and buy and sell when they tell me to, not necessarily when I might want to. They have a reason for telling me when to buy and sell. They watch my trades and make sure that I will have money available to make purchases at the right time. This type of investing is for those who have a high net worth, and can handle the ups and downs of fast trades. They try to get me in and out within two to three weeks on options that expire in one or two months. In that way I won’t loose too much by the time (Theta) that lowers the price of the call or put by each passing day. I think their service is good, but one must be willing to let them tell you what to do. They do not like someone telling them what to do, as a lot of their people have been trading for 30 years or more, and they know the business better than anyone, and that includes me. I listen to them, ask questions, and help create an atmosphere of trust on both sides. It is best not to get them working against you, as I made the mistake of doing once by telling them what I thought would be a better trade. I never did it again, and am now back on track with them. Another thing, don’t let them push you into buying a program that costs more money than you want to spend. I know that if I just stayed with the $5,000.00 program, I would make money, but at a slower rate than the $50,000.00 program I am now in. They have different programs that sell for different prices. I understand that the program that I am now in is their top program, this being the same program that hedge fund traders use. In this program, I was able to place an options trade the day before the hedge fund traders got the word of the trade. This is an advantage when it happens because there is often times a large spike upwards in the stock and the option on the day of my first trade. This type of trading is not for the meek. It is getting down to business and staying with the trade until you are told to get out. I do have to admit, that I have sometimes sold before I got a phone call from Gryphon because I already had a profit of over 100% and I saw that the shares of the stock were starting to be sold more than they were being bought. I was able to determine buys vs. sells by looking at the daily trading chart and looking at the hourly trades rather than the 1 minute trades. The hourly trades showed green for buys and red for sells. When there is more red selling, I have found that most of the time it is time to sell part of or all of the option so as to lock in a profit. It is always wise to sell a portion of the option as it is rising in price. That way you will always be able to lock in a profit. I suggest not being greedy, as there is always another trade, and the other trade may do better than the one before. Then there is the possibility that there will be the one option that will go up a lot in price because another company made an offer to buy the company that you have options on, and the option will skyrocket in price and a return in excess of 1000% is possible. I had one that almost did the 1000%, it did 600%+ within one week, and I was a very happy camper. I hope this information helps you. Good luck in your trading.

By: Mort T

Mort T — Sun, 07 Jun 2009 14:19:48 +0000

About NG;
On Feb 2nd, Dorsey Wright, the P&F people, had an article about Silver & Gold issues. It contained their Precious Metals Matrix, which showed NG as #1 versus 25 others in the group.
I bought some at $3.52.
When earnings (read losses) came out subsequently, the stock dropped to $2.15 on April 21st, and only started to rise with the rest of the precious metals. It hit $5.97, dropped to $4.71 this week, and finished at $5.16.
Here’s the DW descriptiuon of their matrix:
The final step of our analysis today in the gold area of the market is to use the P&F tools to ascertain which stks within the sector are likely to be the leaders. For this, we turn to the DWA Matrix Svc. (This is an addnl svc, costing just $50 per mon z can be activated for your acct by calling Nancy at 804-320-8511 or e-mailing at nancy@dorseywright). In the DWA Matrix Svc, we take a sampling of stks within each of the 40 DWA sectors z then do a composite rel stren rankg. That is, we do a RS readg of each stk to one another. So Barrick Gold [ABX] is compared to Newmont Mining [NEM] z Agnico Eagle [AEM] z so forth. In essence, we hold an arm wrestlg tournament amongst the precs metals stks with each one wrestlg another. At the end of the tournament, we rank them by the # of wins, or RS buy signals they have given, in a matrix. In this matrix, the strongest stk w the most RS buy signals goes to the top. In genl, we look to the top 25% to be our leaders within the grp. You will notice that majority of the stks in the top 25% are smaller names within the sector but the chart patterns look great z many of the more recognizable names within the sector still reside in the top half.

By: john sloan

john sloan — Sat, 06 Jun 2009 16:34:47 +0000

Bryon King recommended Nova Gold in his AGORA – Outstanding Investments back in Jan 2008. I foolishly bought – it has tanked – i finally gave up and sold for big loss. The OI portfolio is full of gold – Agnico, American Century, Gold Corp , Kinross, Newmont, Novagold, GLD, Van Eck gold and Yamana – plus silver

By: gary

gary — Mon, 01 Jun 2009 18:38:56 +0000

New subject- Gryphon Financial seems to be all over my mail box, does anyone have any experience with them?

By: Darrell

Darrell — Mon, 01 Jun 2009 12:41:02 +0000

Please go to the Forum, we’ve really hashed this one out on: Gold,Silver,Platium..they have problems with possible pollution of fisheries in Alaska. Should be a long battle.