OilyGasMiner

Gold ETF Reaches One Dollar Per Tonne

Funny how everyone seems to be out oakman, but the price is still so low. I strongly believe we are waiting on a significant market correction to occur. Merrill has indicated that they see gold going to $1500 within the next few years. At first I thought that this what's very far fetched , but the more and more I examine the turmoil in the market. The more I believe that their projection will come to pass.

Why Gold Will Rocket

Bah humbug in NEED James. The naton will fall and the skys will rain blood. You can't expect that a nation with thousands of homeless and jobless to sit tight and wait for things to get better. Bad things are upcoming in months ahead. Point Blank. Gold performs during periods of uncertainty. Let us be aware of this, and hedge not only our investments, but also our livelihood. Brace yourselves, as we are headed for rough seas ahead.


"it was reported last week (again I have not been able to verify this) that the European Central Banks sold 7.6 tons of gold (about U.S.$250 million)

in the week ended October 10. If this is true, that ought to have put downward pressure on the gold price. In any event, it strikes me there is a disconnect between the current market demand/supply equation and the futures market where gold is quoted this morning at under U.S.$760 per ounce, down from approximately U.S.$900 approximately two weeks ago. As best I know, the price of gold should gain ground in uncertain economic times – which we certainly are in – and it is not doing that as this is written."
source: www.stockresearchporta.../

Why Gold Will Rocket

Bah humbug in NEED James. The naton will fall and the skys will rain blood. You can't expect that a nation with thousands of homeless and jobless to sit tight and wait for things to get better. Bad things are upcoming in months ahead. Point Blank. Gold performs during periods of uncertainty. Let us be aware of this, and hedge not only our investments, but also our livelihood. Brace yourselves, as we are headed for rough seas ahead.


"it was reported last week (again I have not been able to verify this) that the European Central Banks sold 7.6 tons of gold (about U.S.$250 million)

in the week ended October 10. If this is true, that ought to have put downward pressure on the gold price. In any event, it strikes me there is a disconnect between the current market demand/supply equation and the futures market where gold is quoted this morning at under U.S.$760 per ounce, down from approximately U.S.$900 approximately two weeks ago. As best I know, the price of gold should gain ground in uncertain economic times – which we certainly are in – and it is not doing that as this is written."
source: www.stockresearchporta.../

Strategies to End the Crisis

Peter great post, we continue to employ bandaid solutions while we ignore the real root of our problems. I haven't heard anything on the WAR in Iraq for weeks, and this was the true origination of our problems followed by terrible rating agencies, who would rate the greedy mortgage brokers' bonds as AAA when they weren't worth more than FFF. HAha. Stimulus? Will it work? Question. Has it worked? Temporary solutions mean nothing in the long run.

OPEC to Cut Production at Friday Meeting, but Will Prices React?

Kathy if OPEC's actions is not collusion, I don't know what is. What happened to "free market forces"? Prices will sharply rise relatively to the current levels next week. As their meetings are always in favour of the cartels and NEVER for the retailer. Why would they care? They only want to fatten their pockets. My question is: how do we get back at them?

Canada's Petro Canad reported increase in profits by 61% and the stock has only moved 5%. There are MANY plays like this out there. And to STICK IT to these colluders, I propose taking advantage of the mass undervaluation in the market. But, a word of wisdom. 1) be slow to act, as actions will have lengthy repercussions. 2) conduct proper due diligence ( don't be afraid to call an analyst, or share your ideas with a friend. 3) don't lose money.

Is It Time to Bottom Fish?

Dr. Enzio,

It seems as if the good will continue to suffer for the bad. Ie shareholders for the fat cats.
But what can we do?

We've given them our tax money, with no guidelines for spending. Look at AIG and their squandering.

Warren Buffett has jumped in the market. Is this a good sign for us?

Or is Mr. Buffett so long term, that even if we drop 50% lower it dosen't concern hm?

If we don't go by P/E. What would be a better method to better value stocks to bottom fish?

Whither Canada's Tar Sands?

Let's not forget alternative energy.

Wrong board? NO.

Alternative, believe it or not is quite dependent on oil. How?

FUNDING. Alas. the Light. The majority of tax breaks and grants given to A-Energy companies are from the carbon taxes enforced on large oil producers.. eg. Exxon.

If oil companies are producing less... guess what? profits will be less... and... you GOT IT! the gov revenue from carbon taxes will be less, resulting in less funds and breaks given to alternative energy players.

Ironic isn't it?

Oil Bull Market on Hold, Demand Should Keep Growing

Credit and liquidity need to be fixed in order for anything to go back
up. This bear market will last a while... could be 2 years. Once the
financial institutions get their cash, they can free up some credit
which can help businesses. Businesses will spend, hire, and hopefully
stabilize unemployment in time. Common folks will need some time to
save up for their new car or a home due to tighter credit
requirements. So dunno how long everything will take to improve, but
only time can tell.

Cramer's Now a Market Timer?

Jason I saw Cramer on the Big Idea last night, he tried to justify his actions on the Todays Show.. by saying he was only being honest... and he was cashing out his own kid's stock.. and would be a hyprocrit if he didn't tell the truth.. he also indicated that the market would have dropped regardless of what he said...

I don't follow Cramer I follow Warren Buffett...

To sum him up I live by his quote "Be fearful when others are greedy, and greedy when others are fearful"

Value is to be found in this market, however patience and emotional control are not.

Three Reasons the Stock Market Rally Won't Last

Andrew,
Are you familiar with the term "dead cat bounce": A quick, moderate rise in the price of a stock following a precipitous decline.

I believe this is exactly what we will see. If not stocks, real estate, and land, where will be see the shift in wealth? Many have indicated that corn, wheat and soy will become our commodities of choice for owning. Perhaps in partnerships with friends?

I personally see the future in precious metals. GOLD. Merill recently announced that they see gold going to $1500 within the next 2 years. That says alot.

Consumer Credit Declines; Economy Reacts?

Dave I don't think we needed Argus to tell us about consumer credit I could have showed you my bank statements or my portfolio. ;)

Survival of the Longest

Thomas good observation on the circuity breaker "work around". The question is: is there a difference between dropping 20% in one day opposed to over a week? In the short term? long term?

I do think you are on the right track with the recessionary forecast. However what has me up at night, is trying to assess given market factors, HOW LONG it will last? will be see a "U" shape recovery? "V" shaped recovery?orrrrrrrrrr an "L" and simply flat line for a while.

Anyone?

Oil & Gas Headed Lower as Economy Strikes Consumers

Michael you speak the truth, the OPEC countries are hurting while the North Americans get a sigh of relief at the pumps. There are so many factors influencing the recent declines, and it thus it is difficult to pinpoint the areas of the true SOURCE of the matter. A key issue that got us here in the first place that alot of us ignore is the role of the credit agencies. They failed to properly re-assess the mortgages.. and held stead fast on ratings even though AAA were being mixed with CCC toxic bonds. We need to address the ROOTS of the problem rather than catering to the simple symptoms.

The Big Spending Fade Rolls On

Lets face it, we've been in a recession for sometime, however the government has been trying to elude us from the truth/ The fact is the numbers are coming in slowly to justify the reaction of investors and the overall market. It is just evidence to support the nation's hypothesis.
Mr. g the Us inflation figures are extremely skewed to a particular direction by means of its sheer calculation. We WILL see prices rise. Don't igore the supply side of the equation. With an increase in money supply, and decrease in interest rates.. comes an increase in inflation.. and potentially HYPERinflation.

Bullion Shortage and Spot Prices Tell Two Different Gold Stories

working link www.stockresearchporta...