Whosthedaddy?

I find it quite baffling given the low transaction numbers that the EAs can still turn a profit.

Surely something has to give soon in this Mexican standoff between buyers and sellers. At some point the EAs must ask themselves how to increase transactions? The answer is either to not overvalue a property in the first place or to convinve the sellers to meet a buyers offer.

The GDXJ must not have any Great Panther Silver (GPR) in it, they are up 15% today.

Yes! up 19% now and very happy to have this stock in my portfolio.

However i cannot find any news release from the company website as to why this might be.

Any news out there?

Anybody catch this snippet from seekingalpha in their 'Preview from Europe' feature

www.seekingalpha.com/article/116998-preview-from-europe-market-up-again-despite-data?source=headline1

# Germany is thinking about raiding the gold reserves of the Bundesbank to finance their get out of economic jail card. Germany currently holds the 2nd largest amount of gold reserves of any central bank, valued at €75bn.

This would surely have an adverse affect on the POG.....if they were to follow through.

then I find this article, that says the finance minister warning against any seeling

www.dailymarkets.com/contributor/2009/01/28/gold-reserves-should-not-be-sold-by-german-central-bank-german-finance-minister/

I'm not doubting the longer term trajectory of gold is upwards, but when do people think this immediate market will pause for breath?

Im wondering the same thing myself Wanderer. My BV account is loooking very healthy but Im very tempted to take some profits here and repurchase when it falls back.

The question is how much to sell and at what price. How much steam is left in this move?

The chart in sterling looks fairly parabolic.

Seriously, if this guy is right, this is the biggest news !!!!

 

You really will want to listen to this.

 

I'm not going to spoil the surprise. Listen, and then tell me it's not a little surprising !

 

 

Monday, 10.06.08

From the Toronto Resource Investment Conference, Dr. Jim Willie talks to Al Korelin.

http://www.kereport.com/DailyRadio/Daily100608-2.mp3

 

 

Did he REALLY say......... :blink:

Ahh go on! spoil it for me...I wont get a chance to listen until tonight ;-)

Had to share this one................

Watching Bloomberg TV just now - they were commenting on the rise of Gold and the 'fear trade'

A comment from some guy in the industry said 'I wouldn't be surprised to see Gold pushing through $1000 as soon as tomorrow'

Well, THAT caught my ear so to speak.

An interesting thought........

Still, it great to see PMs moving again.

California's new gold rush?

It would seem that there is increasing public interest in the metal since it hit $1000 per oz

the article suggests that much of the states gold remains undiscovered.

http://news.bbc.co.uk/1/hi/world/americas/7378281.stm

You could be right - there is a takeaway level bet at stake here though, so wish me luck.

I also opened a spreadbet long gold today, nicely in profit at the moment - hope we keep going for a bit through $1000 ;-)

Cant figure out why its taken a few days for the gold market to react to the 'free money' giveaway from that nice man at the Fed.

200 Billion. First we were talking in millions, then billions, then tens of billions, now hundreds of billions. How long before we are talking in trillions. The Fed Reserve are hyperinflating away the US dollar, woe to those who misunderstand what is really going on.

I dont understand why Gold didn't go through the roof at this announcement.

Any opinions on the Market Vectors Gold Miners ETF (GDX).

This seems to track the HUI pretty closely.

I simply dont have the time/knowledge to research the juniors sufficiently or the cash to invest in 10+ companies.

I figure buying an ETF of Gold Miners might be the better way to gain exposure.

Whilst Im pretty well invested in Gold and Silver Bullion, I'd like to get some more leveraged exposure to these metals by way of equities.

Does anyone buy this ETF? Or have any thoughts/comments

Yes, some interesting comments from George and others on FS. I certainly pricked up my ears when I heard that comment.

Another one from Jim later in the show was something about a relative trucking in Oil or Gas supplies to Pheonix, who apparently have only a seven days supply there!! How bullish is that.

I hear that Goldman Sachs has been behind the recent moves downwards in the Oil price. Something which might may sense because certainly the fundamentals have not changed as far as I can see. That the weather has been mild in the USA recently does not reflect oil consumption elsewhere in the world.

Interesting points, CJ

 

- -

 

"Could somebody explain to me the concept of warrants and their affect on share price.....

 

As partial consideration for GE Energy Financial Services agreeing to

the waiver and amendment, the Company has agreed to adjust the strike price of

the 2,000,000 warrants previously issued to GE Energy Financial Services to a

strike price of US$1.122 per share (currently equivalent to £0.60 per share),

-

 

Warrants are the right, but not the responsibilit, to force the company to issue new stock at the wt strike price. Adjusting the strike downwards, as GE has obtained, means the warrants are more likely to have value, and be exercised. That would be dillutive, since it would mean more stock being issued at a lower price. But 2million shares is nothing to get too woreried about, I would say

Thanks Doc

Could somebody explain to me the concept of warrants and their affect on share price.....

Solar Integrated Obtains Waiver and Amendment of Credit Facility With GE

London, UK, and Los Angeles, California, August 29, 2006 - Solar Integrated

Technologies, Inc. (AIM: SIT.LN), a leading provider of building integrated

photovoltaic (BIPV) roofing systems, announced today that it has obtained a

waiver of its breach of covenants under its revolving line of credit with an

affiliate of GE Energy Financial Services. The Company also reported that the

credit facility has been amended to provide access to more capital under the

borrowing base eligibility criteria and to provide the Company with more

flexibility relating to the facility's financial covenants.

The interest rate remains unchanged under the amended asset-based lending

agreement. As partial consideration for GE Energy Financial Services agreeing to

the waiver and amendment, the Company has agreed to adjust the strike price of

the 2,000,000 warrants previously issued to GE Energy Financial Services to a

strike price of US$1.122 per share (currently equivalent to £0.60 per share),

representing a 29% premium to the last closing price of the Company's stock, and

a 20% premium to the trailing 10-day average closing price, subject to

adjustment in certain circumstances.

On August 8, 2006, the Company announced that it had received funding of $4.7

million from GE Energy Financial Services in connection with the installation of

BIPV roofing systems on three additional schools in San Diego, California.

"GE Energy Financial Services has been constructive, professional and supportive

during this waiver review and amendment process," stated R. Randall MacEwen,

Interim Chief Executive Officer of Solar Integrated. "Under the revised

borrowing base eligibility criteria, the Company currently has access to

additional borrowing. We expect the additional borrowing base availability -

which will fluctuate up and down based on our eligible receivables and inventory

positions from time to time - coupled with our recent $4.7 million funding from

GE Energy Financial Services, to support our near-term working capital

requirements."

Price of Silicon has soard by 50% over the past year. Curbing the growth of the solar industry and driving up costs.

http://news.independent.co.uk/business/new...icle1220390.ece

IT'S HAMMER-CITY, in the Solar Sector, as Sheep Get Slaughtered

 

Look at this Chart

And look at these Results

Now read these comments

THESE IS EXACTLY why there is a role for GEI.

The media and the big brokers treat private investors like sheep, victims to be sheared of their income.

erm, there is no link to results or comments...

I've been following this thread with interest. Especially now there seems to be a method of producing these cells at a much lower cost.

Going to have a close look into these companies.

Why do you think they're getting pounded?

hmmm I've had my eye on BP for a bit, thinking along the same lines.

But think Im on the sidelines for a little longer yet, since Im no trader, more cautious investor