chux08

Well-Timed Launch for New Junior Gold ETF

"....gold stocks are flying"


Hmmmm.....flying?? They aren't even close nor have you seen anything yet. This is just the warm up....

Sizing Up the New Junior Gold Miners Fund

It closed on it's first day above $25 a share. So I'll be setting aside and watching, as for that price I KNOW of better individual gold stocks that have far less to prove than this brand new offering from Van Eck. While it may prove to be a great investment, these first few days will be full of hype. If you feel the need to buy something, I'm sure they did their DD on these companies, so this would be a great place to start your search. Many of these companies that comprise the list would be fine investments individually but until the...excitement subsides a bit, all I'm going to do is add GDXJ to my watch list and let the share price come back towards Earth and reality. No way would I buy here....

What's Shaping Gold Price

"For instance, if many people sold their GLD ETF shares, that would suddenly dump a lot of gold onto the market."

Would that be the gold they say they have or would that be the gold that they're supposed to have?? It's long past time to be using (GTU) instead of (GLD) and doing the same thing with (CEF) and dump your (SLV). Retail buyers (or anyone else, really) can't buy in
"large quantities" but the price of gold rises and GLD supposedly has no problem securing a couple of million ounces or so to....balance it's books?? Hmmm.....O.K. sure. If they say so. Do I know for sure? No more than the next guy. But with....doubts like that, do I really need to??
GLD & SLV = paper gold & paper silver. That I do know....

GDX: A Catalyst for Junior, Emerging Miners

And if nothing else, van Eck has done a bit of your DD and research in coming up with this list that you could use to choose which of these you'd want to add to your own portfolio. I would probably do a bit of sub-dividing and come up with a list of those who are actual producers and those that just own a desirable large deposit somewhere. And right now, the only addition to my own portfolio would be in the mid tier gold producer category. Northgate Minerals and Great Basin Gold were in fact added this past week and I'd be fibbing if I said this list from van Eck didn't partially influence my decisions. It's a good list that offers a great place to start looking for viable juniors that you may choose to invest in, either by buying into this ETF itself when it comes online or by looking these companies over and doing further DD BEFORE you actually invest and choose only those YOU like. Hey...if it's good enough for van Eck, it should be good enough for just about anyone.

Dow Breaks 10,000 for 26th Time While Gold Shines

"In 30 Years Gold has done nothing"

Gold has ALWAYS done exactly what it's supposed to do and that's to preserve your wealth & buying power and it's been doing it for what? 4000+ years now or so??.

In the 30 years he mentions, what has the dollar done? Here it is on the brink of failure just like EVERY OTHER paper currency known to and tried by man. I believe Voltaire (1694-1778) had it right when he said: “Paper money eventually returns to its intrinsic value ---- zero.” And that's the one undeniable truth we can ALL take to the....proverbial bank, Great White included.

Hong Kong Recalls Gold Reserves: Why No News Coverage?

I remember the Germans trying to get their gold back, though it was in New York, I seem to remember reading just a couple of months ago now. Last I heard the German Prime Minister came to the US presumably to hurry the process along. But it was well noted that the current "custodians" (the Federal Reserve) were rather slow in completing that task. I remember joking to one of my friends that they had a bullet train that ran in a top secret underground tunnel between the Fed's storage facility in New York and the Bullion Depository at Ft. Knox in Kentucky. Whenever they needed the gold to make an appearance for the media at Ft. Knox where most Americans would expect it to be, they send the bullet bullion train to Kentucky. After the photo shoot, it's loaded back up and spirited back to New York before anyone's the wiser. Of course if the real owner should show up demanding their "rightfully owned gold" that could present a problem or two. But nothing a week or two of stalling at the highest levels of government couldn't cure.
So anyway, did Germany ever get their gold back??

Time to Invest in Uranium and Bonds

You can make yellow cake from the radioactive material in a Russian nuclear weapon?? I'm no nuclear engineer and besides doubts on that, why would you do that cost wise? From relatively cheap yellow cake to a costly, refined, precision material suitable for nuclear weapons and then back to "cheap" yellow cake?? IF true, that sounds like some oxymoron of a nightmare scenario only the government could dream up....I'll bet cheap.
Tell you what....soon as I see the price of a pound of uranium near $70 or so (instead of the present $48.50) and I predict you'll see many new sources of U-308 come magically into production. Shortages AND low prices have a way of....correcting themselves, according to von Mises, (unless it's the same (concentrated short) crowd that's currently stepping on silver to hold that price down. But that's a tale for another day!)
Otherwise, if there's such a shortage of uranium oxide as several of these articles state, then why is there such a low spot price?

Gold Stocks Set for Big Advance

Picking market bottoms, especially gold market bottoms, is a game for CLOWNS & LOSERS. Buying gold during weakness, when the price is low and selling strength when the price is rising, is how PROFESSIONAL GOLD TRADERS, as well as the bankers, who happen to be the most successful gold traders in all of history, make money. When you go shopping, do you wait to see prices heading up before YOU buy your groceries? No?? Then WHY WOULD YOU BUY GOLD ANY DIFFERENTLY???
If you're sick of BURNING & LOSING MONEY IN THESE "GOLDEN CLOWN SHOWS" who constantly try and pick the bottom and then BAIL on their gold positions AND their subscribers, (and all the while blaming the "evil old bankers." Sound familiar?) check out someone who calls gold "the least riskiest investment known to man", who DOESN'T give financial advice and MOST IMPORTANTLY, his subscribers MAKE MONEY IN THE GOLD MARKETS just like I did earlier today when I sold some of my gold into strength AND MADE MONEY TODAY. How many of you did THAT today? LEARN from a GREAT teacher just like I did at gracelandupdates.com. I'll quit recommending him as soon as I see an end to these golden clown shows, as Stewart Thomson so aptly has named them, doing idiotic things like trying to pick gold market bottoms.

Global Markets in Review: Signs of Stability

"What they fear most is a public run on banks (and people's loss in confidence in the system)"

Well, you're half right. What, with all the electronic digits moving around at warp speed in cyberspace, you won't see any more old fashioned "runs on banks" with lines of people stretching around the block waiting to collect their money. (Though you may see bank holidays where they'll just close the doors....) Electronic banking with "helicopter Ben" at the controls with the great Messiah dropping the actual money and really, when they're all done....what's there to worry about??

Got gold??

Gold Battle Lines Drawn at $1,000 - Again

GTU - Central Gold Trust - gold-trust.com/

It is to gold bullion what The Central Fund (CEF) is to silver. No funny business with too much paper and not enough gold and also SAFELY out of the US and located in resource rich Canada. Plus John Embry from Sprott Asset Management is co-chairman. If you're looking for a gold play that's MUCH, MUCH safer than GLD, this is it....

How Does $9000 Gold Sound?

Dispute the concept by contacting your political representatives in Washington DC. About?
About H.R. 1207 which was recently introduced by Ron Paul and it calls for a FULL AUDIT of the Federal Reserve. It has gathered many co-sponsors on both sides of the isle and is gaining in popularity every day. And as soon as there's even more bad news, my guess is that we're ALL going to witness the Fed being audited, (though there'll be MUCH kicking and screaming FOR IT and even some by the Fed predictably against it) for the first time in any one that's around right now's lifetime. In fact, I can't recall that the Fed has ever been audited by any outside entity. Regardless, it's long past time to put these paper pushing criminals out of business and then behind bars, where they belong. That their government sponsors think they can escape the coming wrath....history teaches us that's not always so. But apparently (and besides obviously flunking in economics) they weren't any good at learning about history either.

Change is coming.....got gold??

Will Gold Stock Earnings Surprise Anyone?

Sounds like he's saying you'd be better off buying Yamana, Silver Wheaton or Royal Gold shares and I think his chart says the same thing. I sold my shares of SLW about 10 days ago for a nice 26% profit and then they dipped back down to where I sold em, earlier today. So guess what I bought....again? Not as many as I sold but I guess we're made for each other. I added more AUY shares today also, as well as a couple more LOW PRICED GLD ounces. It's good to be diversified....in precious metals!!
Great article, thanks!

Why Gold ETFs Trump Gold Bullion

"Jeremy Siegel’s database shows that $1 invested in gold in 1800 was worth $0.98 in 2000 when adjusted for inflation."

GOD....I CAN'T BELIEVE IT!! A PRIME EXAMPLE OF WHAT GOLD DOES. IT HOLDS A STEADY PRICE FOR 200 YEARS AND THIS IS BAD??????? NO price inflation for 200 years and this is bad....WOW!! I'd be glad to have you give us ANY example of something.....NO ANYTHING that has fared so well for that same 200 years.
It's funny when you ask people what they see when you hold up a paper FRN and they think THAT'S....value, that it's money. Wow....we're in trouble BECAUSE of our COLLECTIVE IGNORANCE about what real money really is. And real money ain't printed on paper smeared with some government approved ink.

Misinterpretation of Gold Lease Rates and Why Gold Could Rise

Just do the opposite of CLH and in the world of precious metals investing you'll be fine. This guy is as predictable as the government...and just as dumb.

Gold Speculators Rushing In?

CLH is a basher and LOVES the dollar. If anything, his/her opinions/writings are somewhat comical, they're SO predictable. Short commodities and gold!!! Wow...you work for the government??