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Gold and Silver Moves

UserPost

3:35 pm
June 25, 2009


stockcrazy10

Member

posts 367

1

Post edited 3:36 pm – June 25, 2009 by stockcrazy10


Gold’s low price for the day came early in Hong Kong trading on Thursday morning. From there, and in fits and starts, the gold price managed to work its way slowly higher later in the Hong Kong afternoon…and into morning trading in London. But the real fireworks didn’t get started until 8:00 a.m. Eastern time…shortly before the Comex opened for trading…and at 9:00 a.m. [sharp], gold was up $15 before the usual not-for-profit seller showed up. After that, every rally attempt got firmly sold off, so that by the end of electronic trading at 5:15 in New York yesterday…gold was only up about six bucks.Surprised

Here's the link:


http://www.contrarianprofits.c…..2009/18360

8:38 am
June 26, 2009


shredmonster

Member

posts 69

2

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.

8:58 am
June 26, 2009


stockcrazy10

Member

posts 367

3

Me too!Smile

4:05 pm
June 26, 2009


SMcGuire45

Member

Reno, NV

posts 130

4

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…

4:22 pm
June 26, 2009


stockcrazy10

Member

posts 367

5

Post edited 4:23 pm – June 26, 2009 by stockcrazy10


If it mentioned 'Bristol Bay', it's NAK.


http://www.stockgumshoe.com/20…..years.html

3:07 pm
June 27, 2009


slam608

Member

posts 82

6

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

1:50 pm
August 7, 2009


Darrell

Member

posts 224

7

IF ANY OF YA'LL HAVE FOLLOWED lLVCA, CONGRATS ON THE MOVE, IT'S DOUBLE SINCE I BOUGHT. I still like CMIN and MNEAF.Laugh

2:45 pm
August 7, 2009


shredmonster

Member

posts 69

8

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

3:34 pm
August 7, 2009


Darrell

Member

posts 224

9

I'm not a chart guy shred, if you remember, I started on mneaf at 0.27 and cmin at around o.34, I believe once further testing and more mining both will shoot up and if I'm right about the economy and inflation, these guys could return great profits.  DYODD..disclaimer please…I own both and ain't selling right now.Laugh

Of the two, I believe CMIN probably has the most upside….it's the gold bug in me.

1:30 pm
August 14, 2009


optimism

Member

New Jersey

posts 102

10

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.

2:17 pm
August 14, 2009


Darrell

Member

posts 224

11

Opti, what happens if we hit inflation or hyper-inflation in the economy ? This months reports of more job losses, foreclourses up 7% and lack of consumer confidence, makes me believe that with warehouse goods down and stores slowly raising prices, we're in danger of shortages, thereby causing inflation…yes ???

2:42 pm
August 14, 2009


asafp

Member

posts 190

12

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.

9:48 am
August 16, 2009


perfectsim

Member

posts 40

13

If you look at the money supply as both physical money and credit, deflation is the current play. Credit has continually contracted and the moeny velocity has decreased more than the government spending can keep up with. Eventually things will improve and inflation will be the game, but not yet. I think this lasts for quite a bit longer.

3:14 pm
August 21, 2009


stockcrazy10

Member

posts 367

14

Post edited 3:16 pm – August 21, 2009 by stockcrazy10


The 'Bristol Bay' tease is back in rotation…(I've received several emails today).


Biggest Gold Discovery
of Last 20 Years is
Right Here in America!

It's still NAK.

http://www.stockgumshoe.com/20…..years.html


10:15 am
August 22, 2009


Darrell

Member

posts 224

15

OSK.TO got their approval to continue their plans for an open pit mine, license granted. Caution, this mine is going to be started ay once but the mine itself will not be open for production until Q2 of 2011..I believe good long term investment….DYODD

11:28 am
August 25, 2009


Darrell

Member

posts 224

16

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.

1:55 pm
August 25, 2009


stockcrazy10

Member

posts 367

17

From Jonathan Lebed…sent at 10:09 AM today:


“My #4 pick for the next 4 years Ivanhoe Mines (IVN) is the NYSE's biggest percentage gainer today and my #3 pick for the next 4 years Entree Gold (EGI) is the AMEX's biggest percentage gainer today!
 
IVN just hit $10.63 up 297% since I announced it as my #4 pick for the next 4 years on November 3rd at $2.68!
 
EGI just hit $2.48 up 202% since I announced it as my #3 pick for the next 4 years on November 3rd at $0.82!
 
We never before had the top percentage gainer on both the NYSE and AMEX at the same time! Congratulations!”

5:52 pm
September 1, 2009


Darrell

Member

posts 224

18

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.Laugh

6:35 pm
September 2, 2009


Darrell

Member

posts 224

19

GBG, CMIN and the others…up today, gold and silver still moving in the right direction…how long before we see a turn around ??

1:00 pm
September 3, 2009


asafp

Member

posts 190

20

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.

1:03 pm
September 3, 2009


TwoHands

Member

posts 37

21

As soon as I buy back my SLW covered calls for a big loss. THAT’S when the price will come down.

1:43 pm
September 3, 2009


Darrell

Member

posts 224

22

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.Smile  As I type; gold is 999 and silver 16.17, love it, love it, love it

12:33 pm
September 4, 2009


dlst

Member

posts 188

23

2:55 pm
September 4, 2009


Darrell

Member

posts 224

24

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

3:08 pm
September 4, 2009


stockcrazy10

Member

posts 367

25

You'll be fine WHATEVER happens if you don't buy on margin!  Laugh 


Gold and silver will rise eventually…you can wait until they do.  Wink

5:11 am
September 8, 2009


Darrell

Member

posts 224

26

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.Yell

4:27 am
October 6, 2009


Herrysmith

Member

posts 5

27

Silver is singing to gold that old refrain ‘anything you can do, I can do better’ the analysts suggest. In the three weeks between 27th August-17th September gold’s dollar price climbed 8%, impressive by any standard. Yet in the same period the silver price surged from $14.20 an ounce to $17.38 an ounce, an astonishing 22.3%. This knocked the gold/silver ratio down to 58.57, the most it has been in favour of silver since mid-August 2008. Yet, the analysts point out, a closer look reveals this is perhaps less impressive than it first appears.

8:25 am
October 8, 2009


Darrell

Member

posts 224

28

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.Smile

11:41 am
October 8, 2009


Will

Member

United States

posts 200

29

SFMI  is up 55% as we speak. Thanks for the heads up, Darrell. AEZ is doing not too bad either.Smile

6:28 pm
October 9, 2009


womanwithportfolio

Member

Austin

posts 26

30

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.



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