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Quick Chat #14- Start 11/5/09 101 comments
HUDRF
Update 11/6/09: Not interested. Yuck.
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This post has 101 comments:
Fannie Mae will be the biggest lessor in the country!
On Nov 05 02:57 PM Freya wrote:
> OG: check out the short interest on SIVR. Do not forget the Chinese.
On Nov 05 02:51 PM optionsgirl wrote:
> Fannie Mae is starting a new program. Give them the deed to your
> home in foreclosure (deed in lieu) and they will rent the home back
> to you.
> Fannie Mae will be the biggest lessor in the country!
On Nov 05 02:57 PM Freya wrote:
> OG: check out the short interest on SIVR. Do not forget the Chinese.
LOL, maybe this will make up for whatever happened to Maya with GWM (which was up a penny earlier, but is back down a penny now).
On Nov 05 03:14 PM optionsgirl wrote:
> Iclick up 116%. Maya and HTL must be breaking out the bubbly.
www.marketskeptics.com...
Oh well.
It takes a little time to convert from long-term oriented to trading.
But I did good on the AMNP (locked profit on 1/2 of my position today) and made my wife a little with a 1-day trade.
Took some profit on 1/2 my NVAX too. Still have half the position and will buy more as the charts dictate (and AMNP too).
Congrats to Maya (makes up for the Phillies?).
HardToLove
On Nov 05 03:14 PM optionsgirl wrote:
> Iclick up 116%. Maya and HTL must be breaking out the bubbly.
A) During the week of Oct. 5, some large allocated physical transactions that were settled in London under VERY strange circumstances. Banks like JPMorgan and Deutsche Bank (who sold endless amounts of gold futures at prices of 950 to 1025) and then tried to make “side deals” with the folks they sold the futures to – offering them spot + 25 % (around 1,275 per ounce) to settle in fiat – after their counter parties demanded substantial tonnage of physical gold bullion.
B) A number of large interests have demanded audits of gold stored in London.
C) In an Asian depository, they've found "Good Delivery" bricks that had been gutted and filled with tungsten.
9) US-based clearing house CME Group Inc. is allowing physical gold to be used as collateral for margin requirements on all exchange products. This new CME policy is an act of desperation. The decision to “allow physical gold to be used as collateral for margin requirements on all exchange products”, against a backdrop of record prices and widespread abnormalities in gold markets, screams that something is wrong. The policy would never have been proposed unless JPMorgan really, really needed gold.
10) Statistics from United States Geological Survey show that the united states has exported 5000 metric tons of "Gold compounds" in last two years, and the US Census Bureau has assigned an astronomically high value to these exports. Until someone explains to me what these “gold compounds” are, I am going to assume that they were half the US gold reserves leaving the country.
The gold market is an accident waiting to happen
Basically, the gold market operates on a fractional reserve basis. On average there are several claims of ownership on each gold bar conforming to London Good Delivery (LGD) standard on the "pool" of gold which acts as liquidity for the massive OTC gold trade based in London. Similarly, there are several claims of ownership on the gold bars in Comex wherehouses. If a sufficient number of market participants become concerned about this (which is happening) and there is a stampede to take delivery of physical bullion, the entire gold market will come crashing down, taking most of the global financial system with it. Market failure isn't a risk, it is a certainty. The unregulated gold market is an accident waiting to happen.
On Nov 05 04:59 PM optionsgirl wrote:
> This is long, but I need help understanding it. Anyone have an opinion
> on this?
> www.marketskeptics.com...
I need to get verification on this. Everyone take a look anywhere you can. This was reported to me by a Pakistan friend. He heard it on pakistan TV.
On Nov 05 05:46 PM optionsgirl wrote:
> Triple: have you looked at other proxies for silver, other than slv?
> Reason I ask is because SLV isn't audited, while others are.
If the big Eurobanks are starting to dicker with customers offering deals like this, verifying them should be very simple...
Unless its just another hoax.
And what in the world does the "Census Bureau" have to do with the export of Gold????? Absolutely nothing.
LOL, that is bizarre. Whatever it is, it is not credible.
On Nov 05 05:40 PM optionsgirl wrote:
> Is this even worse than what gata reports?
> A) During the week of Oct. 5, some large allocated physical transactions
> that were settled in London under VERY strange circumstances. Banks
> like JPMorgan and Deutsche Bank (who sold endless amounts of gold
> futures at prices of 950 to 1025) and then tried to make “side deals”
> with the folks they sold the futures to – offering them spot + 25
> % (around 1,275 per ounce) to settle in fiat – after their counter
> parties demanded substantial tonnage of physical gold bullion.<br/>B)
> A number of large interests have demanded audits of gold stored in
> London.
> C) In an Asian depository, they've found "Good Delivery" bricks that
> had been gutted and filled with tungsten.
>
> 9) US-based clearing house CME Group Inc. is allowing physical gold
> to be used as collateral for margin requirements on all exchange
> products. This new CME policy is an act of desperation. The decision
> to “allow physical gold to be used as collateral for margin requirements
> on all exchange products”, against a backdrop of record prices and
> widespread abnormalities in gold markets, screams that something
> is wrong. The policy would never have been proposed unless JPMorgan
> really, really needed gold.
>
> 10) Statistics from United States Geological Survey show that the
> united states has exported 5000 metric tons of "Gold compounds" in
> last two years, and the US Census Bureau has assigned an astronomically
> high value to these exports. Until someone explains to me what these
> “gold compounds” are, I am going to assume that they were half the
> US gold reserves leaving the country.
>
> The gold market is an accident waiting to happen
>
> Basically, the gold market operates on a fractional reserve basis.
> On average there are several claims of ownership on each gold bar
> conforming to London Good Delivery (LGD) standard on the "pool" of
> gold which acts as liquidity for the massive OTC gold trade based
> in London. Similarly, there are several claims of ownership on the
> gold bars in Comex wherehouses. If a sufficient number of market
> participants become concerned about this (which is happening) and
> there is a stampede to take delivery of physical bullion, the entire
> gold market will come crashing down, taking most of the global financial
> system with it. Market failure isn't a risk, it is a certainty. The
> unregulated gold market is an accident waiting to happen.
>
> On Nov 05 04:59 PM optionsgirl wrote:
in.answers.yahoo.com/q...
I found several fractured messages like this on this topic. I will continue to search for more.
On Nov 05 06:25 PM doubleguns wrote:
> Quick note to all. I was informed today, but cant verify, that India
> has banned all gold over 14k in jewelry for sale to public. Took
> effect the date of the 200 ton purchase. WTFO
>
> I need to get verification on this. Everyone take a look anywhere
> you can. This was reported to me by a Pakistan friend. He heard it
> on pakistan TV.
Stock was not traded today. Tomorrow first day listed on NASDAQ.
"What goes around, comes around."
On Nov 05 02:51 PM optionsgirl wrote:
> Fannie Mae is starting a new program. Give them the deed to your
> home in foreclosure (deed in lieu) and they will rent the home back
> to you.
> Fannie Mae will be the biggest lessor in the country!
My over all take is this is hype set off by some explainable events that become some type of conspiracy immediately.
A. Offering more money for gold not presently avail means someone had to make a business decision. Lots of parties are taking delivery of product instead of the fiat money. Transport cost etc... on gold is not cheap. If contract was not expected to be delivered or so many deliveries had occurred they may have got caught short at that delivery location and simply did not have the gold for delivery. A business decision was made to pay more. I would be glad to take 25% more money, I could buy even more gold next day. If this became wide spread then that is a big problem.
b. What is a large entity, who is the large entity. ETF's? Large entities audit their gold every so often. Means nothing.
c. This I would be concerned about. However prove it. Also prove it was not an internal job in that "Asian" country. Why did they not name the Asian country's. Corruption at even the govt level can be difficult in some "Asian" countries. Myanmar, Laos, etc.... No facts here that one can check. I do believe tungsten melts a lot hotter than gold so pouring in liquid tungsten would melt your shell. I am sure you could pack it in ice or something but come on. You would still burn through the bottom of the pour point I believe. I don't believe this is happening at the source or at market sell points. How long could that go on when some of that gold is quickly converted to 1000's of products. Good and scary statement. Hard to believe.
9). I would take gold any day over fiat as collateral. Need I say more.
10). Coming from the geological survey I believe that would be ore. Does anyone believe that we could keep everyone quite about the US gold leaving. To many people with big mouths and a story to sell, hell someone would spill the beans.
Comex has multiple claims of ownership. NO SHIT. There are how many contracts and only so many bars of gold. This market sets the price for products. Producers need to be assured of a price for their product and would like to know what the price will be when the product comes to market. They sell the product forward with delivery later. The warehouse has product year round. Speculators in the market never take delivery (think pork bellies) since what do you do with it. Specs are in for the dollars. Many contracts are settled in dollars not products so there can be more contracts (which help establish market price) than product to deliver. Gold may be getting hit hard here and so might be silver since it is the cheapest place on the planet to buy a large quantity of either. No middle man. Shortages could occur as demand for delivery outstrips avail metal. This would make for a panic. Someone has the other side of that contract and is expected to deliver that product if delivery is demanded. Therefore some strange things could occur that would set off the conspiracy nuts right now as someone scrambles to get product for delivery.
There's my take on it. I think there is a lot of pressure at the warehouses to provide gold and silver right now. They never expected to have to deliver this much product. They expected to deliver dollars. Yea, they are probably having issues, until they fail to deliver its just hectic. If they fail to deliver its chaos and I am going to get a lot richer with what I have in the safe deposit box.
On Nov 05 05:40 PM optionsgirl wrote:
> Is this even worse than what gata reports?
> A) During the week of Oct. 5, some large allocated physical transactions
> that were settled in London under VERY strange circumstances. Banks
> like JPMorgan and Deutsche Bank (who sold endless amounts of gold
> futures at prices of 950 to 1025) and then tried to make “side deals”
> with the folks they sold the futures to – offering them spot + 25
> % (around 1,275 per ounce) to settle in fiat – after their counter
> parties demanded substantial tonnage of physical gold bullion.<br/>B)
> A number of large interests have demanded audits of gold stored in
> London.
> C) In an Asian depository, they've found "Good Delivery" bricks that
> had been gutted and filled with tungsten.
>
> 9) US-based clearing house CME Group Inc. is allowing physical gold
> to be used as collateral for margin requirements on all exchange
> products. This new CME policy is an act of desperation. The decision
> to “allow physical gold to be used as collateral for margin requirements
> on all exchange products”, against a backdrop of record prices and
> widespread abnormalities in gold markets, screams that something
> is wrong. The policy would never have been proposed unless JPMorgan
> really, really needed gold.
>
> 10) Statistics from United States Geological Survey show that the
> united states has exported 5000 metric tons of "Gold compounds" in
> last two years, and the US Census Bureau has assigned an astronomically
> high value to these exports. Until someone explains to me what these
> “gold compounds” are, I am going to assume that they were half the
> US gold reserves leaving the country.
>
> The gold market is an accident waiting to happen
>
> Basically, the gold market operates on a fractional reserve basis.
> On average there are several claims of ownership on each gold bar
> conforming to London Good Delivery (LGD) standard on the "pool" of
> gold which acts as liquidity for the massive OTC gold trade based
> in London. Similarly, there are several claims of ownership on the
> gold bars in Comex wherehouses. If a sufficient number of market
> participants become concerned about this (which is happening) and
> there is a stampede to take delivery of physical bullion, the entire
> gold market will come crashing down, taking most of the global financial
> system with it. Market failure isn't a risk, it is a certainty. The
> unregulated gold market is an accident waiting to happen.
>
> On Nov 05 04:59 PM optionsgirl wrote:
On Nov 05 10:34 PM doubleguns wrote:
> Forgot to say PLEASE anyone pick this apart. I have money riding
> on this and don't want to be wrong on my bets.
When rumors about shortages at Comex, where flying all over the place, a watcher from the Comex set things straight on how things work. I backtracked him to the Comex.
I do know that Russia has suspended planned Gold sales. That China is pushing it as an Investment and that India is selling it through Banks and their Postal System. I figured that 200 tonnes was India supplying their Internal needs. *Since Banks imported some 250KT" for sales to high Income Investors.
Now I do not know what the hell is going on in New York. I know the LME Copper Stocks have been rising since around July when Chinese pressure subsided. But Copper stock in New York stopped rising just above the 50KT level and in the past cpl of weeks, 50KT has disappeared an reappeared and now is gone again.(haven't looked tonight). That's a lot of copper. I don't know, maybe it is being used for Collateral.
I have a new report on Tungsten/Tantalum. Will post as soon as I can. No company names just how much the Chinese Control.
Is he still posting multiples of the same comment across dozens of articles hoping that a few apply. Its Spam. Cetin style.
The one thing that you do not seem to know. Cetin was right. He and Conan tried to tell everyone in sight to Buy and Hold. Derision and laughter.
Thats why we got in stocks like HERO, HECLA, CDE, NXG , CQP. BAC Pfds, ...gains in the 100-200% range because we bought and held.
Cetin was a good kid, unfortunately, he snapped somewhere along the line.
Maybe the Copper market is being manipulated. Lets see what happens to copper after it is restored.
AMLM: A potentially negative article?
www.djnewsplus.com/art...
Link only good for a days or so.
HardToLove
They plan to release their second quarter results for the period ended September 31, 2009, on Monday, November 9, 2009, after the close of the market.
I'm a little surprised at the "no news" regarding the rest of the IMF gold available for sale. I just perused a bunch of Indian newspapers, and they are talking about buying more. I would agree with whoever said that the Indian buys were for internal consumption. Last time I ran the numbers, Indian private individuals held about 10% of the world supply, over 16,000 tons, while Indian banks had about 300 tons (before the recent purchase, of course). Consumption via their regular sales program to the public are probably close to 200 tons per year, though I read that last year this was disrupted by the recession.
On Nov 06 12:33 AM Freya wrote:
> Early this year, March maybe, Similar rumors where circulating and
> YH was hot to Trot. We cautioned him, luckily.
>
> When rumors about shortages at Comex, where flying all over the place,
> a watcher from the Comex set things straight on how things work.
> I backtracked him to the Comex.
>
> I do know that Russia has suspended planned Gold sales. That China
> is pushing it as an Investment and that India is selling it through
> Banks and their Postal System. I figured that 200 tonnes was India
> supplying their Internal needs. *Since Banks imported some 250KT"
> for sales to high Income Investors.
>
> Now I do not know what the hell is going on in New York. I know the
> LME Copper Stocks have been rising since around July when Chinese
> pressure subsided. But Copper stock in New York stopped rising just
> above the 50KT level and in the past cpl of weeks, 50KT has disappeared
> an reappeared and now is gone again.(haven't looked tonight). That's
> a lot of copper. I don't know, maybe it is being used for Collateral.
Prev 2 months had better revisions 91K fewer losses than prev. reported.
Good news: temp jobs started to pick up, expected tp lead regular hires.
HardToLove
"We have increased our export sales by 266% over the past four years,” said Jim Crouse, Executive Vice President of Sales and Marketing. “Adding strong distribution partners across the world has enabled us to seize opportunities in markets in Europe, Latin America and Asia.”
www.capstoneturbine.co...
CPST reports Monday, if I recall. I'm long CPST.
HardToLove
The desperation in DC over jobs is getting comical - or it would be if it were not so tragic.
On Nov 06 08:35 AM H. T. Love wrote:
> Unemp 10.2% Watch out for mkt today?
>
> Prev 2 months had better revisions 91K fewer losses than prev. reported.
>
>
> Good news: temp jobs started to pick up, expected tp lead regular
> hires.
>
> HardToLove
Unemployment up? Who couldn't see this coming. J n' J just fired 8000 peeps. That's why I'm still playing the pick and pop trading. Ahhh...well...I do like coining "Porn Star Trading," though.
Check out General Steel Holdings (GSI). I have to say DD! Careful,
This cash WILL, of course, be quickly spent just after Christmas, though much of it will go toward basics, bills, and shelter.
Just my thoughts here, but I am expecting some very lack-luster numbers from the retailers this year, but we might actually see slightly BETTER than forecast numbers in January, particularly if those doing the forecasting overlook human nature when revising their estimates downward because they missed with Christmas.
On Nov 06 09:04 AM doubleguns wrote:
> Usually there is a temp hire surge before Christmas followed by the
> layoff later. Wonder how that is going to work out this year.
www.bloomberg.com/apps...
protectionism will get us nowhere. first tires...now 99% tax on pipes.
On Nov 06 09:11 AM tripleblack wrote:
> I've been thinking about this coming holiday a lot. Maybe I am just
> conflating my individual, anecdotal experience onto the whole country,
> but I see a lot less present giving, but a lot MORE gifts of cash,
> flowing from the more successful and older family members to the
> less successful, out-of-work members.
>
> This cash WILL, of course, be quickly spent just after Christmas,
> though much of it will go toward basics, bills, and shelter.
>
> Just my thoughts here, but I am expecting some very lack-luster numbers
> from the retailers this year, but we might actually see slightly
> BETTER than forecast numbers in January, particularly if those doing
> the forecasting overlook human nature when revising their estimates
> downward because they missed with Christmas.
On Nov 06 09:34 AM optionsgirl wrote:
> Gold kissed 1099!
China criticizes US over pipe duties, launches auto probe ahead of first Obama visit
* By Joe Mcdonald, AP Business Writer
* On 6:23 am EST, Friday November 6, 2009
BEIJING (AP) -- China criticized Washington for imposing anti-dumping duties on Chinese-made steel pipes and launched a probe Friday of imported U.S. autos, adding to trade tensions two weeks before President Barack Obama visits Beijing.
AP - FILE - In this Oct. 30, 2009 file photo, a man walks through a parking lot occupied by ...
AP - FILE - In this Oct. 30, 2009 file photo, a man walks through a parking lot occupied by ...
The latest moves ratchet up disputes over market access for goods from poultry and tires to Hollywood movies. But Beijing and Washington are confining the conflicts to diplomatic channels, apparently hoping to avert a trade war that could damage wide-ranging cooperation on issues such as the global economic crisis, North Korea and climate change.
The Commerce Ministry criticized the U.S. decision Thursday to raise tariffs on Chinese pipes as protectionist. It said the move violated World Trade Organization principles and commitments by Washington and other Group of 20 major economies to avoid protectionism amid the global economic crisis.
"China resolutely opposes use of such protectionist practices, and will take measures to protect the interests of domestic industry," ministry spokesman Yao Jian said in a statement on the ministry's Web site.
The U.S. Commerce Department said it concluded Chinese producers were dumping pipes used by the oil and gas industry and would impose duties of up to 99 percent.
Yi Xiaozhun, a deputy commerce minister, said the case was the biggest anti-dumping action yet against China by market value and affected exports worth $3.2 billion a year.
Also Friday, Beijing announced it was launching an anti-dumping investigation of imported U.S. autos. It said it was acting on a complaint by Chinese automakers but gave no details of the alleged American misconduct. The case could result in higher tariffs on U.S. autos if Chinese investigators conclude American automakers received improper subsidies or sold below fair-market price.
Beijing warned Washington at trade talks last month of the impending probe, a possible diplomatic gesture to reduce the political impact of Friday's announcement.
Meanwhile, the Chinese steel industry group said Friday major steel mills have asked the Commerce Ministry to launch an anti-dumping investigation of U.S.- and European-made hot rolled and stainless steel. It said the steel was being sold at improperly low prices and "caused injury to the Chinese market."
The U.S. Embassy in Beijing had no immediate comment about China's actions Friday.
The disputes come as Obama is due to arrive Nov. 15 on his first president visit to Beijing. Both governments have repeatedly stressed the importance of stable relations and senior leaders have avoided public comments about the trade disputes.
Beijing and Washington are especially eager to avoid irritants that might derail relations as they work together with other major governments to try to pull the global economy out of its worst downturn since the 1930s.
Both governments have stuck to the dispute-resolution process laid out in WTO agreements.
In August, Beijing backed down in a dispute over auto parts and altered its import tariffs after it lost an appeal of a WTO case brought by the United States, Europe and Canada that said it treated foreign suppliers unfairly.
On Wednesday, the United States joined Europe and Mexico in asking the WTO to investigate Chinese curbs on exports of bauxite and other industrial raw materials. Beijing says it must rein in mining to protect the environment, but Washington and others say the curbs improperly give Chinese companies favorable access to some materials.
Yi, the commerce minister, repeated Chinese complaints that Washington treats China as a non-market economy. He called that status a Cold War relic and said Beijing hopes it is soon repealed.
"The 'market economy status' is the core of this case. An important reason why the U.S. verdict is so unfavorable to us is that it used double standards rather than the WTO standard that commonly applied by other countries," Yi said. "That's why our companies are treated unfairly and unequally. China is very dissatisfied."
Chinese Ministry of Commerce: www.mofcom.gov.cn
China Iron & Steel Association: www.chinaisa.org.cn
Associated Press Writer Cara Anna and Associated Press researcher Bonnie Cao contributed to this report.
total bs
On Nov 06 09:38 AM optionsgirl wrote:
> China criticizes US over pipe duties
> China criticizes US over pipe duties, launches auto probe ahead of
> first Obama visit
>
> * By Joe Mcdonald, AP Business Writer
> * On 6:23 am EST, Friday November 6, 2009
>
>
> BEIJING (AP) -- China criticized Washington for imposing anti-dumping
> duties on Chinese-made steel pipes and launched a probe Friday of
> imported U.S. autos, adding to trade tensions two weeks before President
> Barack Obama visits Beijing.
> AP - FILE - In this Oct. 30, 2009 file photo, a man walks through
> a parking lot occupied by ...
>
> AP - FILE - In this Oct. 30, 2009 file photo, a man walks through
> a parking lot occupied by ...
>
> The latest moves ratchet up disputes over market access for goods
> from poultry and tires to Hollywood movies. But Beijing and Washington
> are confining the conflicts to diplomatic channels, apparently hoping
> to avert a trade war that could damage wide-ranging cooperation on
> issues such as the global economic crisis, North Korea and climate
> change.
>
> The Commerce Ministry criticized the U.S. decision Thursday to raise
> tariffs on Chinese pipes as protectionist. It said the move violated
> World Trade Organization principles and commitments by Washington
> and other Group of 20 major economies to avoid protectionism amid
> the global economic crisis.
>
> "China resolutely opposes use of such protectionist practices, and
> will take measures to protect the interests of domestic industry,"
> ministry spokesman Yao Jian said in a statement on the ministry's
> Web site.
>
> The U.S. Commerce Department said it concluded Chinese producers
> were dumping pipes used by the oil and gas industry and would impose
> duties of up to 99 percent.
>
> Yi Xiaozhun, a deputy commerce minister, said the case was the biggest
> anti-dumping action yet against China by market value and affected
> exports worth $3.2 billion a year.
>
> Also Friday, Beijing announced it was launching an anti-dumping investigation
> of imported U.S. autos. It said it was acting on a complaint by Chinese
> automakers but gave no details of the alleged American misconduct.
> The case could result in higher tariffs on U.S. autos if Chinese
> investigators conclude American automakers received improper subsidies
> or sold below fair-market price.
>
> Beijing warned Washington at trade talks last month of the impending
> probe, a possible diplomatic gesture to reduce the political impact
> of Friday's announcement.
>
> Meanwhile, the Chinese steel industry group said Friday major steel
> mills have asked the Commerce Ministry to launch an anti-dumping
> investigation of U.S.- and European-made hot rolled and stainless
> steel. It said the steel was being sold at improperly low prices
> and "caused injury to the Chinese market."
>
> The U.S. Embassy in Beijing had no immediate comment about China's
> actions Friday.
>
> The disputes come as Obama is due to arrive Nov. 15 on his first
> president visit to Beijing. Both governments have repeatedly stressed
> the importance of stable relations and senior leaders have avoided
> public comments about the trade disputes.
>
> Beijing and Washington are especially eager to avoid irritants that
> might derail relations as they work together with other major governments
> to try to pull the global economy out of its worst downturn since
> the 1930s.
>
> Both governments have stuck to the dispute-resolution process laid
> out in WTO agreements.
>
> In August, Beijing backed down in a dispute over auto parts and altered
> its import tariffs after it lost an appeal of a WTO case brought
> by the United States, Europe and Canada that said it treated foreign
> suppliers unfairly.
>
> On Wednesday, the United States joined Europe and Mexico in asking
> the WTO to investigate Chinese curbs on exports of bauxite and other
> industrial raw materials. Beijing says it must rein in mining to
> protect the environment, but Washington and others say the curbs
> improperly give Chinese companies favorable access to some materials.
>
>
> Yi, the commerce minister, repeated Chinese complaints that Washington
> treats China as a non-market economy. He called that status a Cold
> War relic and said Beijing hopes it is soon repealed.
>
> "The 'market economy status' is the core of this case. An important
> reason why the U.S. verdict is so unfavorable to us is that it used
> double standards rather than the WTO standard that commonly applied
> by other countries," Yi said. "That's why our companies are treated
> unfairly and unequally. China is very dissatisfied."
>
> Chinese Ministry of Commerce: www.mofcom.gov.cn
>
> China Iron & Steel Association: www.chinaisa.org.cn<;br/>
>
> Associated Press Writer Cara Anna and Associated Press researcher
> Bonnie Cao contributed to this report.
>
>
“Chinese pipe exports to the U.S. have almost stopped since the preliminary ruling in September.”
This should be great for your NUE position.
On Nov 06 09:34 AM optionsgirl wrote:
> Gold kissed 1099!
China has a problem with tit-for-tat exchanges of this kind, they import a LOT less from us than we do from them. If they escalate the exchange in a large degree beyond whining to the WTO (where the odds are high that they will lose), they must be positioned to de-peg their currency from the dollar - which signs and events are clearly not present,nor likely to be soon.
Someone wake me up when the numbers get higher, say, 99.9%.
Doing ATPG day trade again. If/when it gets to $17.50 I'm out. Already up almost $700. Well, now $145. Now $117. Now $90.00 Now down $41. Down $209. Ut oh. Now down $154. La tee dah!
I will probably buy back in on a dip somewhere along the line.
On Nov 06 09:52 AM ScroogeMcduck wrote:
> I think i just saw 1100
>
> “Chinese pipe exports to the U.S. have almost stopped since the preliminary
> ruling in September.”
> This should be great for your NUE position.
They have no union and great Management.
" Finding ways to be more productive, we reward productivity with pay-for-performance, and weekly performance bonuses that can potentially double their take-home pay" I love their website www.nucor.com/careers/
On Nov 06 09:58 AM tripleblack wrote:
> I like NUE as well, and I had the stock (and made money from it)
> for quite a while before I ducked (no pun intended, Scrooge) for
> cover recently.
>
> I will probably buy back in on a dip somewhere along the line.<br/>
On Nov 06 09:52 AM ScroogeMcduck wrote:
> I think i just saw 1100
>
> “Chinese pipe exports to the U.S. have almost stopped since the preliminary
> ruling in September.”
> This should be great for your NUE position.
On Nov 06 09:58 AM tripleblack wrote:
> I like NUE as well, and I had the stock (and made money from it)
> for quite a while before I ducked (no pun intended, Scrooge) for
> cover recently.
>
> I will probably buy back in on a dip somewhere along the line.<br/>
Francis R. McAllister, Stillwater
Chairman and CEO, noted, "I am very pleased to report that the Company is
making significant strides forward in redesigning its operations and
improving mining efficiency. While the Company's financial performance
certainly has been aided by the recovery in prices for palladium and
platinum during 2009, we also have seen the benefit of improving
productivity and declining production costs. This restructuring of the way
we operate is an urgent priority, particularly in view of the expiration of
our supply agreement with Ford at the end of next year. In the past, the
floor prices in the automotive contracts have protected us during periods
of low PGM prices. The expiration of the floor prices will require us to be
more resilient in responding to any downward pricing cycles. While there
is still progress to be made in this area, I am particularly encouraged by
the broad support within our Company for these efforts and by the successes
demonstrated to date.
OG: Are you accumulating (SWC)?
Another doc appt. in an hour. Will be mighty bummed if ATPG is back up to $17.25 when I get back.
HardToLove
On Nov 06 10:25 AM tripleblack wrote:
> NUE is always on my short list. I wish more companies thought like
> them, in other industries.
On Nov 06 10:33 AM Mayascribe wrote:
> Well. So much for that ATPG day trade today. Got out @ $16.88 now
> @ 16.55. Loss. May buy back after 10:45.
>
> OG: Are you accumulating (SWC)?
>
> Another doc appt. in an hour. Will be mighty bummed if ATPG is back
> up to $17.25 when I get back.
As for AMLM, I was just studying an Aussie company sitting on the lithium motherlode, Talison. Between them and the Chinese working the "conflict minerals" in Africa, this is a scary space. I lost money in there recently, though not much (tight stops), and I won't be going there again any time soon.
On Nov 06 11:11 AM User 283977 wrote:
> I don't like the look of the market today.... I am creating a lot
> of dry powder.
AMI RESOURCES INC.
TORONTO, Canada (November 6, 2009) Pinetree Capital Ltd. (TSX: PNP), announces that on November 2, 2009, it acquired ownership of 3,000,000 common shares (“Common Shares”) of AMI Resources Inc. (“AMI”) and 1,500,000 common share purchase warrants (the “Warrants”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.20 per share until April 28, 2011. In the event that the Warrants are fully exercised, these holdings represent approximately 9.2% of the total issued and outstanding common shares of AMI as of November 2, 2009, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at November 2, 2009, an aggregate of 7,638,000 common shares of AMI, including the Common Shares and rights to acquire an additional 3,500,000 common shares of AMI upon the exercise of convertible securities, including the Warrants (collectively, the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 11,138,000 common shares of AMI, or approximately 22.0% of all issued and outstanding common shares as at November 2, 2009, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
______________________...
Their financials (which haven't been updated) look horrible.
Just lightened up a bit on CQP, now only own 500 shares, with a 50% profit overall.
I'm 2 comments and an Insta light, if you haven't noticed. When I declare a truce, I start totally clean. The Alberta Insta is gone.
If I don't comment for a while, you will know why. I hate laptops and its too late to shop around now, leaving for Vegas next wednesday. won't be back til the 18th.
Good luck everyone. Maybe the Fan is failing too. I know this Fan is.
On Nov 06 12:29 PM Freya wrote:
> I'm dead meat, my dual core cpu is now a single core. I knew I should
> have gotten a new computer, But oh, no, not to worry, lets wait for
> the Thanksgiving day madness sales.
>
> Just lightened up a bit on CQP, now only own 500 shares, with a 50%
> profit overall.
>
> I'm 2 comments and an Insta light, if you haven't noticed. When I
> declare a truce, I start totally clean. The Alberta Insta is gone.
>
>
> If I don't comment for a while, you will know why. I hate laptops
> and its too late to shop around now, leaving for Vegas next wednesday.
> won't be back til the 18th.
>
> Good luck everyone. Maybe the Fan is failing too. I know this Fan
> is.
www.reuters.com/articl...
Freya: Best of luck to you and you're hubby! Look out Vegas!
user: I've already shut it down. The whirring stopped. openned it up, blew some cold air in there. Turned the Termo down and ran a hand vac on the vents from the outside. Am letting it sit for a while. Will run Spotmau on it after its on again.
Boy, silver is in a real tug of war, isn't it?
There was a company which we found months ago but I can.t remember its name.ADRs, The world's biggest producer. 40 million oz annually. Someone mentioned it last year, we noted its existence this year.
Take CDE and multiply by two. Will try to find it.
futures.tradingcharts....
On Nov 06 01:25 PM one eye wrote:
> Its not my Fault or Nera mano Kalte, which means the same thing in
> Lithuanian.
>
> user: I've already shut it down. The whirring stopped. openned it
> up, blew some cold air in there. Turned the Termo down and ran a
> hand vac on the vents from the outside. Am letting it sit for a while.
> Will run Spotmau on it after its on again.
>
> Boy, silver is in a real tug of war, isn't it?
>
> There was a company which we found months ago but I can.t remember
> its name.ADRs, The world's biggest producer. 40 million oz annually.
> Someone mentioned it last year, we noted its existence this year.
>
>
> Take CDE and multiply by two. Will try to find it.
The particular make and model will determine if it has that setup or not.
Another possibility is that over time a lot of dust has accumulated inside and reduced airflow. Sometimes, because of the oils in the air naturally, it will even accumulate on the heatsinks, chips, etc. May restrict things at the vents.
If this is the case (my youngest son had this happen last year), opening up the unit and giving it a good dust off with compressed air (available in cans at places like office supply, wal-mart, computer shops) may fix it. It fixed my son's.
Last possibility is that the bearings in the fan may be going. Quality ball bearing fans don't usually wear out, but it can happen.
If you lost a "core", that could be due to heat build-up. After cleaning everything out and making sure the cooling fans are clean and working, that core may return to service.
By the way, the unit may be repairable for less than new cost. If you have a local computer shop you trust, they can replace fans, CPUs (if that's really needed) sometimes. It depends on just how "proprietary" the design is and if parts are available.
My wife had her Toshiba 17" repaired locally recently - good service since.
I hope that helps.
HardToLove
On Nov 06 12:38 PM Freya wrote:
> the damn thing is making a whirring sound...HTL, what does that mean?
Freya, if you don't mind I would love to know more about this Co.
I used to own CQP, and recently sold it just because I pulled way back on equities.
THis is the dump from yahoo:
"Cheniere Energy Partners, L.P., through its subsidiary, Sabine Pass LNG, L.P., owns and operates the Sabine Pass liquid natural gas (LNG) receiving terminal in western Cameron Parish, Louisiana on the Sabine Pass Channel. Its Sabine Pass LNG receiving terminal is under construction with regasification capacity of approximately 2.6 billion cubic feet per day and LNG storage capacity of approximately 10.1 billion cubic feet. Cheniere Energy Partners GP, LLC serves as the general partner of Cheniere Energy Partners, L.P. The company was founded in 2003 and is based in Houston, Texas."
The business plan is ahead of its time (liquification of NG is something that will be essential if NG is going to take the next step into the future, and this location adjacent to huge pipelines and building their own terminal puts them leagues ahead of most of the competition. This could be a critical component in the national energy policy one day soon.
Or not. Which is perhaps why Yahoo Finance lists their likely value next year in the $6 range, while the stock is bringing $11 now (I think the $6 smack is the reason so little of the company's stock is now held by institutional investors).
The yield is still sky high at over 16%, but the payout ratio is a ridiculous 1720%. Something has to give soon, either the high dividend, or the low stock price, or both.
This would be a long term bet on LNG (and NG in general, or CNG). Even if the US does its usual thing and stumbled around like an energy zombie for the next decade or so, the rest of the planet will be shipping LNG around, and this modern facility will see lots of use and be a real cash cow.
I would have to dig around a lot more if I were going to invest in the stock. It is still on my "long" list, as I like their investment in LNG, but that payout situation will keep me leary of any large investment for the time being.
ir.ltbridge.com/phoeni...=
I replaced my PC fan with a much more powerful powerplant and cooling fan. I think it was about $50. Still, one has to remove the dust every six months or so.
####
Looks like DJI closing volume is rising somewhat, but nothing like the last three days. Long weekend?
Which is how they reported net income of $69.5 million and $125.0 million, or $0.43 and $0.77 per limited partner unit on September 30 compared with a net loss $10.9 million and $49.9 million, or ($ 0.07) and ($ 0.31) per limited partner unit, respectively, for the same periods in 2008.
"The Sabine terminal is capable of receiving and unloading approximately 400 LNG vessels each year." This sounds like a cash cow to me.
I don't know if they can sustain that 16%+ yield for very long. The payout percentage might indicate that they will have trouble. The Forward PE is not bad at 8.9.
If the dividend is a key reason for buying the stock, you might want to wait a month to see if it looks more likely going forward, or even wait until closer to the next scheduled x date (probably around late January) to make a move.
If its a long-term investment, you might start acquiring on the dips.
On Nov 06 04:03 PM ScroogeMcduck wrote:
> Triple, is this dividend legit?
On Nov 06 04:13 PM ScroogeMcduck wrote:
> It appears the Sabine Pass LNG Terminal just went online. With Corpus
> Christi LNG and Creole Trail LNG on the way.
>
> Which is how they reported net income of $69.5 million and $125.0
> million, or $0.43 and $0.77 per limited partner unit on September
> 30 compared with a net loss $10.9 million and $49.9 million, or ($
> 0.07) and ($ 0.31) per limited partner unit, respectively, for the
> same periods in 2008.
>
> "The Sabine terminal is capable of receiving and unloading approximately
> 400 LNG vessels each year." This sounds like a cash cow to me.
CQP, HTS, HTGC, RSO, TICC, VGR, MAIN, OTT, PNNT, AGNC, NLY, ARCC, PSEC, TOO.
TOO, MAIN, OTT, PNNT, AGNC and NLY are also on my short list (needing more study, stocks I might buy soon).
I am also looking over some of the Canadian oil trust stocks, like PDS, which I recently sold (and which made me a lot of money, though their dividend was cut).
The Keyboard on the Laptop sucks. That little mouse sucks.
My desktop is so old that everything in it has been replaced, almost, the fan is still original, 2003 as is the power supply, only 300 Watts., Otherwise I've got SATA 11 internally and externally, an external 22 X DVD drive. A 19 inch, 1440 by 900 display with DVI. 3 gig ram an relatively little else, except for my Security System. I thought about Installing a Hardware solution, the Alpha Shield but wound up with BufferZone because we initially went into it when it was still a Beta, and have worked with them ever since, a one Year subscription is now in its 3rd year.
Think in terms of Talking with people in Tel Aviv at 2 AM CDT. Its really great, there is a site on the Internet called TeamViewer which allows someone to take over your computer, Mouse and all, While you talk on the Phone, small world.
Scrooge: It was legitimate. The Parent and sponsors promised it through this year. Will it be? I do not know. But the prognosis for the Future is bright. When the selloff comes, and it will, I'm hoping for a full correction, Below $10,
The Payout ratio has no meaning. Only the last quarter is important. It becomes a Standalone Entity when it is finished, no more help from the Parent other than steering Business its way. They generated 43 cents in the 3rd quarter, I'm expecting an initial decline next year but expect at least 10% and then a lot more as the years go by.
If it drops to $10, I buy back 500, if it drops to $8.50 or so I get a 1000 more.
Institutional Holdings will remain small unless more Units are Issued. They have a problem with working with only 26 million units.
Wow, whirring has stopped.
www.zerohedge.com/arti...
LTBR, let me look at it. It would really screw the Iranians into the Ground to be forced to use Thorium. No legitimate reason for uranium enrichment.
I'm going nowhere til 11/11. Wedding, Family and friends, about 80 of us. Bride and Groom both live in Vegas.
Handy little program, SpeedFan, speeds up the fans as needed.
I penciled in a Buy in my side notes at $9, going forward. I also made a note to check out how many LNG ships were likely to call there, and from what companies... Always more digging to do. I also have a note referring to good odds they will issue more stock once they get setup and running for a while.
As for your desktop whirring, can you tell if it is the fan or the hard drive - or is there a disc in a cd/dvd player?
On Nov 06 04:42 PM Freya wrote:
> First of all, tis the desktop thats in trouble. I just installed
> SpeedFan. seems to help. The laptop is so new, One Eye hasn't run
> the DeCrapifier on it yet.
>
> The Keyboard on the Laptop sucks. That little mouse sucks.
>
> My desktop is so old that everything in it has been replaced, almost,
> the fan is still original, 2003 as is the power supply, only 300
> Watts., Otherwise I've got SATA 11 internally and externally, an
> external 22 X DVD drive. A 19 inch, 1440 by 900 display with DVI.
> 3 gig ram an relatively little else, except for my Security System.
> I thought about Installing a Hardware solution, the Alpha Shield
> but wound up with BufferZone because we initially went into it when
> it was still a Beta, and have worked with them ever since, a one
> Year subscription is now in its 3rd year.
>
> Think in terms of Talking with people in Tel Aviv at 2 AM CDT. Its
> really great, there is a site on the Internet called TeamViewer which
> allows someone to take over your computer, Mouse and all, While you
> talk on the Phone, small world.
>
> Scrooge: It was legitimate. The Parent and sponsors promised it through
> this year. Will it be? I do not know. But the prognosis for the Future
> is bright. When the selloff comes, and it will, I'm hoping for a
> full correction, Below $10,
>
> The Payout ratio has no meaning. Only the last quarter is important.
> It becomes a Standalone Entity when it is finished, no more help
> from the Parent other than steering Business its way. They generated
> 43 cents in the 3rd quarter, I'm expecting an initial decline next
> year but expect at least 10% and then a lot more as the years go
> by.
>
> If it drops to $10, I buy back 500, if it drops to $8.50 or so I
> get a 1000 more.
>
> Institutional Holdings will remain small unless more Units are Issued.
> They have a problem with working with only 26 million units.
>
> Wow, whirring has stopped.
On Nov 06 04:51 PM Freya wrote:
> OG, is this a renamed THPW,
>
> LTBR, let me look at it. It would really screw the Iranians into
> the Ground to be forced to use Thorium. No legitimate reason for
> uranium enrichment.
>
> I'm going nowhere til 11/11. Wedding, Family and friends, about 80
> of us. Bride and Groom both live in Vegas.
>
> Handy little program, SpeedFan, speeds up the fans as needed.
Assuming you are talking about NS (NuStar Energy), its an interesting player in the pipelines and oil patch business. 8% yield is solid, and though last quarter their earnigs dropped from 2008, they HAD $1.03 per share earnings.
I just added them to my "watch" list until I can dig deeper.
Thanks!
On Nov 06 10:49 AM H. T. Love wrote:
> Check NUSTAR - they avoid layoffs too and are hiring. I've not looked
> at them yet - just became aware - so this is not a recommendation
> by me yet.
>
> HardToLove
We picked it up on an Insurance Basis. This puppy is really old, like me.
I saw a cple pf nice China charts on the way here. Go look. Give me an opinion of my Interpretation.
Glad the mechanical brain is working. I need to buy a new backup, my old one died in "the flood" here in Atlanta.
On Nov 07 08:33 AM Freya wrote:
> The Puter was running hot, One of my programs says I'm only operating
> with one Core, the rest see no problems, I trust the latter. If you
> ever get the Blue Screen, you pop in Spotmau's disk, restart and
> you are back in, ready to fix whatever. It works on ALL operating
> systems.
>
> We picked it up on an Insurance Basis. This puppy is really old,
> like me.
>
> I saw a cple pf nice China charts on the way here. Go look. Give
> me an opinion of my Interpretation.
I did follow it but did not buy any. It hit 23.40 only to drop to 22.00 and closed at 22.20. I followed and owned CDE earlier in the year. I bought in before the RS when it was under a buck. I sold it I think when it was around 1.20 made a little. Everything I have read about companies that do an RS is that it is typically not a good thing so I have stayed away. It looks however like CDE's has been successful. I notice they have a high PE ratio 123.3x.
Freya posted a nice link in which CDE increased their reserves of silver and gold 40% at its Palmarejo mine for a total of 88.6 mln ounces of silver and 1.1 mln ounces of gold.
Whats your take?
On Nov 06 10:08 PM optionsgirl wrote:
> SAS: Just wondering if you bought CDE or followed it into its 3rd
> quarter report?
I thought you might appreciate an email my Dad sent me yesterday which I have posted below.
After a 15 hour day and dealing with more traffic than any of us wanted I must say we were all glad to have had the chance to lend our voices to the assembled crowd of "angry right wing mobsters" in attendance. I heard there were 20,000 people there and I can't say if that is so but it was sure nice to see a larger gathering than I expected from all around the USA. Similar to the 9/12 gathering all were just average folks who are sick and tired of the madness that seems to have overtaken Washington DC. We didn't get to go to the congressional offices due to the length of the program but our congressman is opposed to the bill anyway. I heard that one of the buildings was closed due to "security concerns" and that the crowd surrounded the building shouting "Kill the bill". I'm not sure why but the Capitol Police were standing guard at the top of the steps of the Capitol Bldg with M-16s during the rally. Not a lot but I felt rather odd that they did that at all.
I'd like to go to DC for a sight seeing trip sometime but as long as congress needs a dose of common sense from we the people I guess our visits will be in concert with other radicals like us. Love you all
Link is to a listing of over 500 problem banks. Check your state. Look for your bank. I hope it works.
cr4re.com/PBLNov0609.html
Link to failed banks.
www.fdic.gov/bank/indi...
SAS: Here's a confriming article from freedomworks.org
www.freedomworks.org/b...
I am off to to do my part in handing them out and collect donations. Its a good cause. I go every year, its a long day standing and talking to people. Some support the troops whole heartedly, sometimes I get the dumbest looks from people and sometimes its just contempt. Unfortunately our troops can not pick the Americans whose freedom they fight for. I am sure that would change the equation rather quickly.
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