NOWHEREMAN

Pamela Aden: Ready for a Rebound?

Gold will drop with the dollar's rise. My Opinion you have yours.

"since they rarely make mistakes, I would follow their lead but not if the Dollar goes up..." my specific words.

PA on the USD: "The dollars' strenght has been crisis related.

PA on gold above:"...so its always going to be the currency in time of need when the dollar is not doing so well." She goes on to say that she thinks the dollar will go down.

So if you believe in the Aden Sisters and PA' views specifically, be advised that if the dollar goes up GOLD will Not do well.

Meanwhile, the discussion was about NXG about which I responded but did not introduce.

Pamela Aden: Ready for a Rebound?

Aden Sisters are a good act to follow but they blew Gold entirely in 2007 when they issued a warning that it would go down. They are not infallible.

Since they rarely make mistakes, I would follow their lead but not if the USD goes up, only when it drops again.

NXG has an annual output of 400,000 oz. of gold, their reserves are being expanded, the Auction Rate problem reamed expansionary projects but cash flow will allow for survival until the Auction Rate principal is reacquired.

States are still settling on this issue with the underwriters.

Don't Miss the Coming Gold Bull

Glad to have you onboard January.

The credit default swaps, CDS, are alive and still toxic.

Every now and then a little more gets priced.

Perhaps, you are thinking in terms of the Auction Rate toxics which are supposedly being covered by various underwritering companies as part of State Legal settlements. It wouldn't surprise me if institutions were using TARP funds for these settlements.

The next dollar leg up has started.

New Trend for Emerging Gold Producers: Amalgamation

Mr. Pinelli, other than my outlook for 2009 and the irrationality of expecting Gold Bullion to go up 9 years in a row, please point out to me what comments I have made that actually "Bash" gold.

If you mean the ETF GLD, I will bash that left and right.

GDX, DGP, I have no problems with. However, GLD is not transparent enough for me.

Heck, I went totally Bullish on Gold bullion when Bernanke decided to bailout everything. I can lead you to that comment if you wish.

But then the truth isn't part of your Bailiwick.
IMHO

Don't Miss the Coming Gold Bull

Pinelli: Trace and I were talking, you interrupted.

The name is the one you gave me.

You have a Profile. That Profile appears to be entirely fictitious. I have asked numerous times for an explanation.

I have provided a scenario as to how I believe things will unfold in 2009 and Challenged you to provided a counter scenario. Apparently something like that is beyond your scope since " That takes some commitment and more than 2 sentences."

"Silver is virtually the only way to create Potable water."
This is your quote, did you even know the definition of Potable?

You do not provide a single piece of useful information that is not linked to some sort of Rah, Rah for Pinelli.

You did not recognize and understand the Catch-22 comment I left. All that meant to me was that the "investing for 40 years" was another piece of fiction.

A popular 1960s stock was the Colt Firearms Company, they no longer exist. What did they make, other than Colt firearms?

Don't Miss the Coming Gold Bull

Excellent comments by both Asleeper and Goldrunner.

Its all about making selections and taking Insurance against worst case scenarios.

With Gold at these levels, if you are not going to buy the bullion, then gold and silver stocks are the route to take.

I've owned CDE since the mid 70's, seen it as high as $30 +, and owned its convertible Bonds. I dumped the stock after conversion. Bought Bema Gold instead, which was swallowed by Kinross.

CDE, earlier this year, forecast the eventual production of 17 million oz. of silver annually. This would make it the worlds biggest producer by far.

Why is it where it is? It has nothing to do with short selling, insiders have been buying recently, the biggest problem is the location of some of its assets and the number of shares outstanding. With over 1/2 Billion shares and silver at say $10/oz., 17 million oz. is a $170 million dollars, this does not bring a lot to the table when there are 551 million shares outstanding.

CDE has great potential, I would like them to do a 1 for 10 reverse stock split.

IMHO

Don't Miss the Coming Gold Bull

I never said gold would not rise this year, I said it would drop like a rock first. This is in line with my feeling that the Dollar will climb to 92 from the present 80 or so, before it starts its final big down leg.

Deleveraging is not over.

Don't Miss the Coming Gold Bull

Forget about the Rabbit, think more in terms of the Movie: Groundhog Day.

Each day is more of the same, the groundhog comes out, sees his shadow and runs back in. This is my scenario for 2009 until something unforeseen arises.

In 3 weeks, THIS administration will be the Obama administration with all three Houses of Congress under one roof. I can hope that this change will be the "unforeseen event".

Don't Miss the Coming Gold Bull

Michael66: thank you for that link.

Dr. Weiss's opinions have been widely followed for decades. I didn't know he was still in the Biz.

Don't Miss the Coming Gold Bull

Dividendmachine: you made a great choice, others have not been as fortunate. Like those that trusted GM and F.

Dividend Reinvestment and the returns over time with it, sound great when comparing the return on stocks vs Treasuries. You do not assume risk on Treasuries if you hold to maturity.

With any given Stock, you assume the risks of dividend reduction, dividend elimination or Bankruptcy of the company itself.

Over time Stocks are considered to offer a much higher return. The comparisons always use an Index like the S&P. Individual Stocks within the S&P are changed annually, Mergers, Acquistions, Bankruptcies, Price levels too low to remain in the S&P etc.

Like I said, you chose wisely.

Don't Miss the Coming Gold Bull

dawase: I don't know, even when you agree with them on their long term aspirations, it doesn't seem to matter. There is no give, "Its my way or the highway", All of the time.

So for the short term, I look for Gold to drop as the economy gets worse and the Iranian Food and Med. Supply ship is allowed access to Gaza. This will occur within the next few days. It will also have a negative impact on oil. IMO

Don't Miss the Coming Gold Bull

User 301: It was on the fly and in response to some Vitriol from Pinelli and a new poster who coincidently used the exact language as Pinelli.

Neither post exists any longer.

I hope my added response clarifies my stance at this point in time.

Besides, Mr Pinelli had high praises for a Mr. Schiff. Mr Schiff did a 180 recently. Mr. Pinelli now praises Mr. Faber instead.

Don't Miss the Coming Gold Bull

Oh oh, Keep it civil Greg.

Hedge Funds have been forced to sell because of redemptions. Some have stopped allowing redemptions, Paulson chided them publically regarding this practice saying it is detrimental to Investors and that they are not ingratiating themselves with Congress.

If the Forced Selling continues into the New Year, those relatively strong ETFs like GLD could be sold enmass. This in turn could force GLD to liquidate its horde on the open market because many of the Counterparties no longer exist, like Bear and Lehman and others no longer have the liquidity or the ability to buy the gold baskets.

This is what has been ongoing for the past 4 months to other ETFs. Bear Markets tend to savage everything.

But this time its Different! Right.

I've seen your posts to the writers of other Articles. I see no reason to subject myself to the same kind of abuse, like Mr. Anthony and Mr. Bui.

I am not vindictive, I just respond but unlike yourself, I do not use vulgarities to express myself.

And Silver is not required for drinking water.

Don't Miss the Coming Gold Bull

Comet1, I don't really believe it will drop like a rock but it has the potential to do so if additional forced selling comes into play. I'm pretending to be Greg Pinelli who has been tauting stocks of all stripes without rhyme or reason during a Bear Market in the middle of a severe recession.

Every stock or ETF he picks is a long position. Meanwhile, since I believe we are still in a Bear Market and the Recession will get worse, I picked something he loves and UltraShorted it.

Another reason, however miniscule, is that the Central Banks will dump more Gold than usual because of its current value and Gold is now up 8 years in a row.

Are you willing to bet the Bank on 9, I am not.

IMHO

Don't Miss the Coming Gold Bull

Good for you. Stick to your guns.

My prediction: Gold will drop like a rock before a sustained rally occurs. BUY DZZ NOW.

No reasons or explanations needed, ala Pinelli.