Gaza War: Expect a Spike in Oil, Gold [View article]
Kathy: excerpts from comments made on July 4th,2008.
If there is a dollar rally I expect it to move from 73 to 80.(boy was I off then, but new figures make for new projections)
....longer term 40-50 is foreseeable.
I was a big time Bull on oil and gold in June, July, even Aug. of last year. Do not believe what you are told by someone else. My posts are there for all to see.
Times change, I saw the chart patterns change but since 90% of my portfolio was in the Canroys and I was playing with the house's money on them, I was willing to ride it out.
Gaza War: Expect a Spike in Oil, Gold [View article]
De Graaf: I said gold rose a few percentage points while the Dollar rose to multiyear highs. The Yen rose against the dollar. I suggest you use common sense. Do your own research. Dollar beginning and close of 2008, ditto gold and the Yen.
Figures Don't lie. Reality VS projections, I'll take reality.
Kathy: I'll be holding Gold, oil, silver, various long ETFs and ETNs.
I just do not consider the deleveraging process to be over, so I expect the dollar to rise to at least 92, possibly Parity. Given that this is my belief, I don't see a reason to change my holdings.
I have a Dollar stop loss, 78 from where we are. I am not risking a lot.
The scenario you paint is a Gimme. What you say WILL occur, eventually. I projected a USD drop to 40, months ago. That is my ultimate target. I will find that comment for you if you so desire.
Gaza War: Expect a Spike in Oil, Gold [View article]
The key is really the USD which rallies in times of war. The Georgian mini conflict is similar to the Gaza incursion and the Dollar which was still quite weak over Christmas stabilized and started rallying last week with a push to the upside on Jan.2nd.
A lot of people have been rabid in their outlook for Gold. And they should be as prices of finished goods start to rise, but they aren't, YET.
The implosion of everything financial during the fourth quarter of 2008 should have led to soaring gold prices, it didn't. That is a major problem.
Most comments were in the vein of "look at the strength gold has while the financials crash. Its only down 15% from its highs."
Gold should have been soaring primarily because it is perceived to be a Currency. Mr. Pinelli was totally right on this aspect, but I missed the implications at that time. Gold should have risen against All currencies, it didn't.
Gold struggled and wound up the year only a few % higher, meanwhile the USD rose to multi year highs.
If the last quarter can be considered a guide, dollar strength will equate to weaker gold.
Like an earlier post commented, there are no oilfields in Gaza. IMHO
Time to Revise Our Gold Expectations [View article]
Thanks, I'm about as conservative as can be but, we are all in a Foxhole now and I appreciate whatever help I can get from whatever source I can get it.
Time to Revise Our Gold Expectations [View article]
Duh, duh, duh.
there you go again, changing what has been written to accomodate your opinions.
The NXG commentary was addressed to Beabaggage who was talking about NXG. SLW is also a sub-$5 stock or haven't you noticed. (anything below $5 is considered to be non investment grade)
I never said anything about a union of PCU and BVN. This is something you are making up as you go along.
PCU is the world's 5th biggest copper producer, it has virtually no debt, it has not suspended its dividend or curtailed its mining operations, but is continuing with a Billion dollar joint venture with Gold producer BVN, which will make it a FCX "lookalike". PCU already produces Moly, zinc, silver and gold.
I repeat: When have all currencies depreciated simultaneously?
If you make unsubstantial claim, be prepared to get called on it. If you posit that it is now, what have all of them declined against? You will, of course, go on the attack rather than give an answer
BHP does not have Gold exposure, surely you know this. Gold not oil or coal is under discussion.
Meanwhile, because of "depreciation" of the currencies against the "Dollar" where AUY has its mining operations and the steepness of the drop in the prices for their ores, it is my opinion that AUY will have an operating loss for the 4th quarter. ooops.
FCX has a similar problem with its Indonesian facility. But then there is Phelps Dodge. PD is going to contribute big time to 4th quarter results, possibly as much as a $6 Billion writeoff for Goodwill.
I assume you know what "Goodwill" is. (that's an ass between u and me.)
What are those currencies which are going to destroy AUY's and FCX"s balance sheets depreciating against?
Duh? Which posters are in the 1930s? Like in two? Nuff Sed IMO
GS made a call on oil for $150, MS chimed in. But as oil stocks rose, another MS analyst put out a Sell call on all oil stocks. Market manipulation? Of course not, an Oil analyst is not an Oil company analyst. My goodness, collusion? Prove it.
Just an opinion on all of the analysts which are making contradictory calls just to make a profit on both sides.
Gold and Silver Prices Will Begin to Shine [View article]
John, Barron's has an online edition which lists the weekly change in the amount of money in circulation.
Net free reserves by the definition provided signify whether the Fed's monetary policy is loose or tight. These reserves are decidedly negative and have been so for months.
All of the money that has been created has been sucked into a Black Hole. The Fed is not creating money fast enough to turn this figure positive. IMHO
Gold and Silver Prices Will Begin to Shine [View article]
Pipo: FCX is one of my two favorite stocks in the copper sector, the other is PCU. How far down either of them go is anyone's guess, I'd rather wait for a bottom than try to pick it on the way down.
Having said that, Money flow into FCX has been positive over the last 10 trading days.
Do some research on Hecla Mining (HL), visit their web site, I do not own it but am following it closely. Take a look at their production. HL is no longer just a Silver producer, Gold, copper, lead, zinc have been added to the mix in quantity due to am acquistion in spring of 08. They had a gold property in Venez. which they were fortunate enough to sell.
There are many great stocks. FCX is not the Gold/Copper play it once was. I believe Gold is only 20% of overall production. They will not shut down their Indonesian operation, its a political thing.
The only company that I know about which has a slice of almost every mineral is AAUK, (including diamonds).
There are a lot of mineral plays. I do not want to lock up my money in any individual stock and wind up waiting for it to bottom. Especially if there is no dividend to be had.
Good luck on your hunt, it is always better to do your own research than to pay attention to someone who has had such a bad record in picking stocks to buy and prices to buy them at. The Track record of anyone making a post is available to anyone willing to do the research. Just click on the Comments next to the name and every single comment from the very first entry made on Alpha is available. (including mine)
Gold and Silver Prices Will Begin to Shine [View article]
As a halfwitted poster, I have every right to post my commentary as well as you do. IMHO
Lets go down the line of currencies which have are alive in the here and now but before the Existence of THE USA which has lost 97% of its value since it was created.
Hmm, the British Pound, The French Franc, The Spanish Peseta (remember Columbus) to name a few. Just because the French and Spanish currencies are part of the Euro like the German Mark, doesn't mean they do not have valuations within the framework of the Euro like they do.
The Gulf States have been moving to a Gulf Region Currency. They hope to have one in place by 2010. Gold however is not the basis on which their yet to be named currency will rely. The proposal currently applies to a basket of oil grades produced within the region. Gold is priced in US dollars, they wish to diversify out of the dollar, hence their own oil based currency.
There were 6 countries involved in the process but only 5 are now active since Kuwait stopped accepting dollars for their oil recently and is accepting a basket of currencies of which the dollar is only a part. What the final currency will be is anyone's guess.
Its really a shame that an all knowing person like Georealist is wasting his precious time reading the posts of halfwits like myself ( one "t" not two ). IMHO
Wall Street Breakfast: Must-Know News [View article]
He will do what his advisors tell him to do, how many African Americans are among his advisors?
My guess is that his cabinet will be all white with the possible exception Of Colin Powell.
Personally I hope he stands up for himself and lives up to some promises. Otherwise, the Democratic business as usual will only last til the next election. Nov.,2010
Gaza War: Expect a Spike in Oil, Gold [View article]
Higher highs and higher lows since introduction.
Gaza War: Expect a Spike in Oil, Gold [View article]
Relmor: disinformation is one thing, outright lies are another. IMO
Gaza War: Expect a Spike in Oil, Gold [View article]
If there is a dollar rally I expect it to move from 73 to 80.(boy was I off then, but new figures make for new projections)
....longer term 40-50 is foreseeable.
I was a big time Bull on oil and gold in June, July, even Aug. of last year. Do not believe what you are told by someone else. My posts are there for all to see.
Times change, I saw the chart patterns change but since 90% of my portfolio was in the Canroys and I was playing with the house's money on them, I was willing to ride it out.
I will not stupidly distrust my charts again.
Gaza War: Expect a Spike in Oil, Gold [View article]
Figures Don't lie. Reality VS projections, I'll take reality.
Kathy: I'll be holding Gold, oil, silver, various long ETFs and ETNs.
I just do not consider the deleveraging process to be over, so I expect the dollar to rise to at least 92, possibly Parity. Given that this is my belief, I don't see a reason to change my holdings.
I have a Dollar stop loss, 78 from where we are. I am not risking a lot.
The scenario you paint is a Gimme. What you say WILL occur, eventually. I projected a USD drop to 40, months ago. That is my ultimate target. I will find that comment for you if you so desire.
We agree on direction, we disagree on timing.
IMHO
Gaza War: Expect a Spike in Oil, Gold [View article]
A lot of people have been rabid in their outlook for Gold.
And they should be as prices of finished goods start to rise, but they aren't, YET.
The implosion of everything financial during the fourth quarter of 2008 should have led to soaring gold prices, it didn't. That is a major problem.
Most comments were in the vein of "look at the strength gold has while the financials crash. Its only down 15% from its highs."
Gold should have been soaring primarily because it is perceived to be a Currency. Mr. Pinelli was totally right on this aspect, but I missed the implications at that time.
Gold should have risen against All currencies, it didn't.
Gold struggled and wound up the year only a few % higher, meanwhile the USD rose to multi year highs.
If the last quarter can be considered a guide, dollar strength will equate to weaker gold.
Like an earlier post commented, there are no oilfields in Gaza. IMHO
Gold and Silver Prices Will Begin to Shine [View article]
Come on Greg, this is what happens when you change handle to your real name. You can no longer give yourself Kudos as if you were some one else.
Time to Revise Our Gold Expectations [View article]
Whatever goes around, comes around. IMO
Time to Revise Our Gold Expectations [View article]
there you go again, changing what has been written to accomodate your opinions.
The NXG commentary was addressed to Beabaggage who was talking about NXG. SLW is also a sub-$5 stock or haven't you noticed. (anything below $5 is considered to be non investment grade)
I never said anything about a union of PCU and BVN. This is something you are making up as you go along.
PCU is the world's 5th biggest copper producer, it has virtually no debt, it has not suspended its dividend or curtailed its mining operations, but is continuing with a Billion dollar joint venture with Gold producer BVN, which will make it a FCX "lookalike". PCU already produces Moly, zinc, silver and gold.
I repeat: When have all currencies depreciated simultaneously?
If you make unsubstantial claim, be prepared to get called on it. If you posit that it is now, what have all of them declined against? You will, of course, go on the attack rather than give an answer
BHP does not have Gold exposure, surely you know this. Gold not oil or coal is under discussion.
Meanwhile, because of "depreciation" of the currencies against the "Dollar" where AUY has its mining operations and the steepness of the drop in the prices for their ores, it is my opinion that AUY will have an operating loss for the 4th quarter. ooops.
FCX has a similar problem with its Indonesian facility. But then there is Phelps Dodge. PD is going to contribute big time to 4th quarter results, possibly as much as a $6 Billion writeoff for Goodwill.
I assume you know what "Goodwill" is. (that's an ass between u and me.)
What are those currencies which are going to destroy AUY's and FCX"s balance sheets depreciating against?
After all, every currency is depreciating.
Citigroup Sees Gold Reaching $2000 [View article]
Nuff Sed IMO
GS made a call on oil for $150, MS chimed in. But as oil stocks rose, another MS analyst put out a Sell call on all oil stocks. Market manipulation? Of course not, an Oil analyst is not an Oil company analyst. My goodness, collusion? Prove it.
Just an opinion on all of the analysts which are making contradictory calls just to make a profit on both sides.
IMHO
Time to Revise Our Gold Expectations [View article]
Thank you.
Time to Revise Our Gold Expectations [View article]
Name just one time, just one when ALL currencies depreciated simultaneously? Or is this just Your Tier 3 opinion? Nuff Sed
Bea: don't forget that NXG still has that MOU regarding the Kerness North property.
An interesting joint venture between PCU and BVN is still being developed. It could turn PCU into a FCX lookalike and enhance the value of BVN. IMHO
Of the three, I own NXG.
One other thing, China has signed a Free trade Agreement with Peru.
Gold and Silver Prices Will Begin to Shine [View article]
Net free reserves by the definition provided signify whether the Fed's monetary policy is loose or tight. These reserves are decidedly negative and have been so for months.
All of the money that has been created has been sucked into a Black Hole. The Fed is not creating money fast enough to turn this figure positive. IMHO
Gold and Silver Prices Will Begin to Shine [View article]
Having said that, Money flow into FCX has been positive over the last 10 trading days.
Do some research on Hecla Mining (HL), visit their web site, I do not own it but am following it closely. Take a look at their production. HL is no longer just a Silver producer, Gold, copper, lead, zinc have been added to the mix in quantity due to am acquistion in spring of 08. They had a gold property in Venez. which they were fortunate enough to sell.
There are many great stocks. FCX is not the Gold/Copper play it once was. I believe Gold is only 20% of overall production. They will not shut down their Indonesian operation, its a political thing.
The only company that I know about which has a slice of almost every mineral is AAUK, (including diamonds).
There are a lot of mineral plays. I do not want to lock up my money in any individual stock and wind up waiting for it to bottom. Especially if there is no dividend to be had.
Good luck on your hunt, it is always better to do your own research than to pay attention to someone who has had such a bad record in picking stocks to buy and prices to buy them at. The Track record of anyone making a post is available to anyone willing to do the research. Just click on the Comments next to the name and every single comment from the very first entry made on Alpha is available. (including mine)
IMHO
Gold and Silver Prices Will Begin to Shine [View article]
Lets go down the line of currencies which have are alive in the here and now but before the Existence of THE USA which has lost 97% of its value since it was created.
Hmm, the British Pound, The French Franc, The Spanish Peseta (remember Columbus) to name a few. Just because the French and Spanish currencies are part of the Euro like the German Mark, doesn't mean they do not have valuations within the framework of the Euro like they do.
The Gulf States have been moving to a Gulf Region Currency. They hope to have one in place by 2010. Gold however is not the basis on which their yet to be named currency will rely. The proposal currently applies to a basket of oil grades produced within the region. Gold is priced in US dollars, they wish to diversify out of the dollar, hence their own oil based currency.
There were 6 countries involved in the process but only 5 are now active since Kuwait stopped accepting dollars for their oil recently and is accepting a basket of currencies of which the dollar is only a part. What the final currency will be is anyone's guess.
Its really a shame that an all knowing person like Georealist is wasting his precious time reading the posts of halfwits like myself ( one "t" not two ). IMHO
Wall Street Breakfast: Must-Know News [View article]
My guess is that his cabinet will be all white with the possible exception Of Colin Powell.
Personally I hope he stands up for himself and lives up to some promises. Otherwise, the Democratic business as usual will only last til the next election. Nov.,2010