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  • Larkin: Gold's Stealth Bull Market [View article]
    Tom while I largely agree with your last paragraph, I have just looked at New Gold and I don't think it stacks up against the stock I am heavily invested in, Kingsgate Consolidated, KCN on the ASX. The stock had a bad day on Friday but its total costs of production in the last quarter stood at $288 an ounce, it just had a very nice fully franked 15 c dividend and it discovered almost twice as much gold as it mined.
    Oct 24 06:02 am |Rating: +2 0 |Link to Comment
  • Gold Stocks vs. Gold: Who's Winning?  [View article]
    I recommended Kingsgate Consolidated (KCN on the ASX) on a number of occasions on this very site in April and if you had followed my recommendations, you would have seen a very nice profit and you would have also have just picked up a 15 cent dividend, fully franked for lucky Australians.
    Sep 18 11:42 am |Rating: 0 -1 |Link to Comment
  • Inflation or Deflation? Invest in Gold [View article]
    A few months ago I gave you my selection of a gold stock, Kingsgate Consolidated, KCN on the ASX. They produce gold for $US288 an ounce at present. They will announce shortly if they are going to double production. They just paid a 15 cent dividend, fully franked for lucky Australians. You would be laughing all the way to the bank if you had followed my advice because the shares have roared up and continue to do so.
    your.financ... you are right this market is NUTS. It brings back memories of the dot com mania.
    Sep 10 22:13 pm |Rating: 0 -1 |Link to Comment
  • Jeffrey Saut: Cautious Yes, Bearish No [View article]
    From everything I have read, the excesses that took place over the last five years or so were far worse than the excesses that preceded the Great Depression.
    Government pulled the market back from the very edge of the precipice by pumping up the economy with mindboggling amounts of borrowed money and by pulling even larger amounts out of thin air,
    Now if you believe the market, it is all systems go for a "V" shaped recovery and we are back to the races.
    I just can't believe that it is all that easy. Life simply doesn't work that way. The greater the excess, the greater the pain. There has been outrageous excess but all of the government response has been aimed at either mitigating pain or trying to avoid it altogether.
    My advice is to find is to find a good gold stock. It is working really well for me.
    Jun 09 06:21 am |Rating: +1 0 |Link to Comment
  • Banks' Loss Reserves Can't Keep Pace with Troubled Loans [View article]
    Get with the program, Bill. This market is going to keep going up no matter what.
    Jun 02 11:09 am |Rating: 0 0 |Link to Comment
  • Gold Stocks Look Cheap - BMO [View article]
    The best way to exploit gold if you believe it is going to stay high and go higher as I do, is to invest in a gold stock and the best value is found in the junior miners. I have invested in a stock called Kingsgate Consolidated ( KCN on the ASX ) and I am doing very well. I think the company has a lot going for it but I am biased of course. I would just advise that you go to the company web site and access the video presentation of the latest quarterly. In my opinion this company is very impressive.
    May 26 22:40 pm |Rating: 0 0 |Link to Comment
  • BAC: Where Are the Damn Cops? [View article]
    This Sodom and Gamorrah financial system has not had a nanogram of credibility for a long time. Sooner or later it is going to end in disaster. In this environment you need some exposure to gold and I'd suggest a good junior miner.
    May 20 21:36 pm |Rating: +1 -1 |Link to Comment
  • Economies, Central Banks with Napoleonic Complex: On to Moscow! [View article]
    Splendid article. It would be very amusing but for the fact that the real life consequence of this unmitigated incompetence is pain and heaps of it down the road.
    All through this crisis the overriding objective has been to mitigate the pain or put it off to another day. The trouble is there can be no lasting solution without pain and the longer they put it off, the worse the pain will be.
    May 15 23:46 pm |Rating: +5 0 |Link to Comment
  • FDIC: Taxpayers Holding the Bag [View article]
    The greatest bank heist in the history of the human race is taking place in America at present, courtesy of the Federal Government, and the totally unworthy recipients are the banksters. Moral hazard is running riot and Wall Street just loves it. And why shouldn't they?
    May 09 04:28 am |Rating: +3 0 |Link to Comment
  • Overconfidence and the Financial Crisis [View article]
    The simple fact is that hardly anyone on Wall Street ever gets punished in any meaningful way no matter how badly they stuff up.At worst they are sacked and sent on their way with all of their ill gotten gains to lick their wounds.
    I remember reading a story about a Canadian guy with a Maths PhD who got a job in an energy trading firm and quickly established himself as a star trader. In one year he made a billion dollars with his daring strategies and took home $100 million in bonuses.The next year it all blew up in his face and he lost $6 billion and was promptly sacked. He then decided to set up his own trading firm and the funds came pouring in from investors eager to share in his "genius". The authorities did step in to stop him continuing but it tells you a lot about the mentality of the people in the industry and why the idiocy that created this financial maelstrom will continue on.
    May 05 11:54 am |Rating: +2 0 |Link to Comment
  • Why This Rally Is Unsustainable [View article]
    Very informative and entertaining article.
    May 01 10:54 am |Rating: +22 -14 |Link to Comment
  • Major Buy Signal Now Flashing for Gold Stocks [View article]
    Every sensible investor should have some exposure to gold in these highly uncertain and dangerous times. In my opinion the best place to put your money is in a gold mining stock and the best returns invariably come from finding a good junior miner. Get the right one and you can easily double triple quadruple your money.
    I looked at many stocks and picked Kingsgate Consolidated. It is Australian owned and the mine is located in Thailand but has good institutional support in Europe and the USA. It is a low cost producer and has terrific potential to grow reserves both at the mine and elsewhere nearby. I am biased naturally but please have a look at their website. Good luck to all.
    Apr 27 00:20 am |Rating: 0 0 |Link to Comment
  • Matt Badiali: Focus on Gold's Prospect Generators [View article]
    I recently made a significant investment in Kingsgate Consolidated. It is a very cheap producer and it has tremendous upside potential both at the existing mine and elswhere. I am doing very nicely and I would recommend it strongly but of course I am biased. The company is Australian owned but has significant institutional support in Europe and America.
    Apr 25 12:20 pm |Rating: 0 0 |Link to Comment
  • Why Physical Gold Is Superior to Mining Stocks for Long-Term Investors [View article]
    I could not agree less. The place to make big money is in stocks but of course you have to be a good stockpicker. I quadrupled my money in a junior zinc lead miner in 18 months and then doubled my money in 4 months in a nickel miner (Lion Ore). I got out of the market in September 2007 because I thought it lacked any credibility and then I sat back and watched a lot of good opportunities pass me by and spent my time reading doom and gloom articles.
    Thankfully I am now well and truly back in the saddle. I wanted to find a good gold stock and looked all around the world. The best value is invariably found in junior miners. I settled on Kingsgate Consolidated, an Australian company with a mine in Thailand which is a cheap producer and has great exploration upside. I now have a large investment in it so you shouldn't accept what I say but I would recommend that you visit the site and look at their latest reports. Forget physical gold, pick the right stock and you'll be laughing all the way to the bank.
    Apr 23 23:32 pm |Rating: 0 0 |Link to Comment
  • Invest in Gold Miners, Silver Miners, or Both? [View article]
    In this incredibly dangerous and uncertain environment, I think it is essential to have some exposure to gold and the best way to do that is to find a really good junior miner. The big miners are mostly hugely overvalued. I have recently made a big investment in a junior miner called "Kingsgate" so I am biased. But I think it is a fantastic stock with huge potential. They just released their latest quarterly report and presentation on their web site so have a look and see if you agree with me.
    Apr 23 11:38 am |Rating: 0 0 |Link to Comment
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