I am planning on precious metals and oil rising in the long term as our politicians run our country, industry, currency and prosperity into the ground.

So I am holding gold, silver and oil.

Did anybody get the Stansberry tease from last week about the new Gold mini from Alaska that supposedly found some giant deposit and was to be featured "in the news"? Just wondering since the forum was down last week…

According to this story printed in the FP Trading Desk …Yamana Gold (AUY) is looking very much like a take over target.
http://seekingalpha.com/articl…..urce=email

CMIN too small for Dorsey but MNEAF is charted there and the chart is ugly.

Post edited 1:35 pm – August 14, 2009 by optimism

Gold & Siver have rallied since early July but have not been able to reach the June highs, even as the Dollar Index is near new lows. When the Dollar starts up, you can't have it both ways. With Silver's Daily Sentiment  now reading 91% bulls, it is highly unlikely that Gold & Silver will get above  their 2008 highs of $1034 & $21.23 (basis future) anytime soon. Remember this, when the market zigs, you zag. Time will tell.

There's much debate on hyperinflation vs. deflation on this site and elsewhere. The most plausible arguments I've seen are that serious inflation is still a ways down the road. There are still many people out of work and those working and with money are afraid to spend it. Same goes for businesses who are reluctant to spend.

At some point we might have a Treasury auction crisis or an oil crisis and the fear may shift to protecting assets from a dollar that's been debased. Gold and other hard assets will benefit. We have seen some early signs that investors are looking to build a core of quality companies that own hard assets.

Any gold investors might want to keep an eye on IVN and EGI, boyh are mining in Mongolia and the government is working on eliminating a windfall type tax on miners and their production…..DYODD..I own..not promoing just alerting ya'll.

Congrats to the folks that bought in on CMIN, up, up, and away…damn, what's going to happen when they start scooping the stuff out of that sediment and gravel….almost a triple since my by and it should go higher…please check it out. I know WWP played it cause she likes them small miners tooo.

Once again we suddenly find gold flirting with the psychologically important $1000 level. It seems like I'm the only one out there who has noticed.

The conspiracy nut within me thinks "they" are trying desperately to keep the lid on gold. The general public (at least in the U.S.) is selling more than buying. If they ever get an inkling that the dollars that they get for their gold are losing value and the media starts hyping the metal, the banks and cartels won't be able to control the price.

Post edited 1:45 pm – September 3, 2009 by Darrell

Sorry I haven't been as alert as I should have been, been busy. Some reasons for the rise might be:1. China stockpiling, 2. Fear of devaluing of the dollar, 3. Inflation, 4. Reports of funny numbers from Banks, mortage companies, etc., 5. Foreclousers in Commerical Market, 6. Rumors of Home foreclousers again taking another round, 7. India going into their gold buying months for marriages and regilion, 8. Lack of confidence in this admin. as far as recovery of economy…need I go on !!  EGI, IVN and Rio Tinto should rise as the Mongolian government did away with their windfall tax on mining companies. Or it might be none of these…DYODD and please remember, I am a Gold Bug.  As I type; gold is 999 and silver 16.17, love it, love it, love it

Hope I don't get to feeling like that ..

Bloomberg.com reporting that Gold reached $1007.70 and Silver reached $16.83 on the London market 9/08/09. Read the article and the Daily Bell reports that China is among many countries that believe that the Obama admin. will borrow and print the US into a possible Hyper-inflation period and maybe a change in status for an Argentine type depression of long term.

I agree Henry and SFMI has about doubled in the last week and will go up even more when they move to the BB and with their news about new property availabilty.

Post edited 8:55 pm – October 9, 2009 by womanwithportfolio

I can't figure out how to start a new thread on this forum, I'm afraid, so I'll just have to chime in on one that's already started. I received an email from Larry Edelson, touting resource stocks. The first one, I believe, is Freeport McMoran (FCX), run by my old nemesis Jim Bob Moffett, who has made a mess of the environment surrounding his Indonesian mines. Freeport's market cap is 30 billion, and the other diversified miners are much bigger, such as BHP.

The short counter-move I’ve been hoping for in the dollar and resource markets is here.

Investors have had a great run. Now they’re pausing to take some profits. And it looks like …

Early next week will bring the buying 
opportunity I’ve been waiting for!

As soon as my trading signals flash bright green, I’m going to pull the trigger on a bundle of recommendations I’m convinced could spin off huge profits in the weeks ahead.

And each one of them is carefully designed to multiply your profit potential going forward — with …

5-to-1 Leverage: The first stock I’m eyeing has a market cap of $30.5 billion but controls more than 86 million ounces of gold, worth more than $89 billion. That alone gives you huge leverage.

Plus, the company also controls copper reserves worth $6 billion … zinc reserves worth $29 billion … lead reserves worth $14.9 billion and silver reserves worth $17 billion.

That’s a total value of $155.9 billion in its reserves — more than FIVE TIMES its market cap. For every $1 you invest in the stock now, you effectively get $5-worth of these essential metals!

38-to-1 Leverage: The second company I’m eyeing gives you even greater leverage: Every $1 you invest gives you a $38 stake in the $3 trillion in resources this company controls.

When this powerful, long-term dollar decline drives the price of oil, tin, gold, aluminum, lead, platinum, copper or other resources higher, your profits could be truly huge.