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First off, I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is debt, and running straight though a global economic model that is based on a premise of infinite growth in a finite world. This won't end well. I'd go a step further and... More
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New Power Media
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Playing the Ponzi
  • SNDXF and DCHAF well into breakouts 0 comments
    Jun 14, 2011 1:14 PM | about stocks: DCHAF, SAND

    I mentioned SNDXF before (on its initial breakout above $1).  It is a gold royalty play, run by a former CFO at SLW, using the same business model.  SNDXF pulled back to its original breakout support, and has now blasted higher again with huge volume accompanying the move.

    DCHAF is another commodity play with a unique business model.  It buys and essentially hoards rare earth stockpiles.  Almost all of its stockpile is held in South Korea.  It periodically sells some of its holding and has reported positive earnings each of the last couple of quarters.  It formed a beautiful cup and handle (tragically for me, I sold in the handle... not recognizing what I was looking at!)... and has now blasted off.  It is still trading at a discount to its reported NAV (north of .90).

    There is some technical evidence that the U.S. Dollar could be ready to rally, and if that happens, it could negatively effect both of these breakouts.

    Stocks: DCHAF, SAND
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