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drbubb

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  1. Riding the ups and downs of alternative energy A long-term investment with plenty of volatility, analysts say Stephanie I. Cohen ... Sept. 27, 2006 WASHINGTON (MarketWatch) -- If filling up at the pump has you cursing big oil companies, investing in alternative energy companies may offer some sweet revenge. Picture the upside: Advancing alternative energies while turning a profit. The downside? Volatility in the underlying energy markets, where a steep drop in oil or gas prices can smother profit forecasts, investor enthusiasm and even regulatory support just as quickly as they are ignited by a spike in prices at the pump. Meanwhile, companies with names like SunPower, SunTech Power, and Powerlight are among those fetching headlines and investment dollars the likes of which haven't been seen since the Arab Oil Embargo of the early 1970s. They are also drawing in such luminaries as Sir Richard Branson, who announced last week that his Virgin Group is pumping up to $400 million into alternative fuels via an investment fund dubbed Virgin Fuels with an initial investment in California-based ethanol producer Cilion, a privately held company. Branson has plenty of company. According to PricewaterhouseCoopers and the National Venture Capital Association, investments by venture capitalists in alternative energy deals jumped 69% in the second quarter from a year ago. In 2005, $1.6 billion in venture capital went toward developing clean technology in North America, up 34.9% from 2004, according to Cleantech Venture Network. "There's a raft of IPO's coming," said New Energy Fund Managing Partner Mark Townsend Cox. When evaluating where to place a bet in the burgeoning field, Cox said an investor must always ask "does the technology work and is it economical?" But no amount of due diligence will shield investors from big risks and big swings in stock prices. "As is often the case with emerging markets, these stocks have been volatile," said Rob Stone, managing director of equity research at Cowen & Co. Investors should see the alternative energy sector as long-term commitment, he added. In the past two months, solar stocks have dipped 40% to 50%, said Jeffrey Bencik, senior analyst at Jeffries & Co. Dave Edwards, managing director and head of the merging growth group at Think Equity Partners, warns "there will be more losers than winners" in this dynamic new arena. Solar isn't the only green energy card to play. Companies that deliver fuel cells, wind power, and biofuel technology are also seen as contenders in the fight against higher prices and the need to nurture more domestic sources of energy. While there are plenty of mainstream and multinational companies undertaking green ventures -- FPL Group. Inc. (FPL : FPL Group, Inc.: 47.90+0.43+0.91%) , Sharp Corp. (SHCAF) , and General Electric (GE : General Electric Company : 35.47+0.19+0.54%) -- investors have a myriad of lesser-known options. Solar Photovoltaics, after lurking for decades in the dark recesses of government labs, is suddenly sexy again amid swelling commercial demand and alluring government tax credits at home and abroad, where many of the biggest players are based. And since solar accounts for less than one percent of the electricity generated worldwide, analysts see plenty of room for growth. Last year, solar upstarts made up the three biggest initial public offerings in the technology sector: Q-Cells Ag, SunPower Corp., and Suntech Power Holdings Co., Ltd., according to a CleanEdge Inc. report on trends in the alternative energy market. These companies remain analysts' top picks today. Ron Pernick, co-founder and principle of CleanEdge calls the solar market a "pure technology play." He points to solar cell and panel manufacturer SunPower (SPWR : 31.60-0.34-1.06%) as a prime example, noting that the Silicon Valley firm is a spin-off of Cypress Semiconductor that makes high efficiency solar cells that convert sunlight into electricity. Shares of SunPower priced between $12 and $14 at the company's initial offering last year. Shares were recently trading at $27.10 after tumbling from $44 in March to a low of $24 in mid-July. Piper Jaffray's 12-month price target for SunPower is $39. The overall solar market is seen expanding from $7.2 billion in 2004 to $39.2 billion by 2014, according to CleanEdge. There are investment opportunities at "every step of the solar food chain," Stone said. @: http://www.marketwatch.com/News/Story/Stor...amp;sid=1950277
  2. before i would consider buying, i would want to see a chart of the 2012 contract got one? these guys : Soc.Gen : may have some charts and call options on long dates. But you may need to register to get access to their charts and prices. some companies (like phibro) made a fortune going long the longest-dated contracts, but that was from levels of around $30
  3. Ah... that's a somewhat awkward phase- but it will workout stay in touch with your creative inclinations, even if you must take a boring "job" for a while
  4. drbubb

    Late August Watch-list

    Nice fat gain in Linear / v.LRR Looking to add this one: Staccato Gold / v.CAT ...is a growing gold exploration company, publicly traded on the TSX Venture Exchange (TSX-V: CAT). The company was established in the fall of 2003 and has since assembled a suite of high quality, highly prospective exploration assets, with operations and exploration activities in the Cortez, Carlin and Independence Trends in Nevada. Staccato's properties are adjacent to producing mines and all have demonstrated gold values with more than 615,000 oz. Au in situ (measured, indicated and inferred). Staccato is currently focused on its 100% owned South Eureka Property which is one of the largest gold exploration target opportunities held by a junior in Nevada. The company is led by a seasoned management team with extensive Nevada geological experience. Paul Van Eaden discusses these: On Gold Stocks: STACCATO GOLD RESOURCE (CVE:CAT): 300,000 ounces in a public company isn't something that's very attractive to me..economics of scale just aren't there..if its 300,000 going on a million, more interesting..other operators before Staccato have not been able to make a mine out of it NORTHGATE MINERALS (AMEX:NXG TSE:NGX): has very good management team..deposits are decent, there is some copper associated, therefore some risk because I'm bearish on copper.. GALANTAS GOLD CORP (CVE:GAL): boatload of stocks outstanding..small mine in Ireland that they are trying to put into production..also small jewelry division..what company is this? I don't have a clear indication of what this company is trying to be..mine only have 88,000 ounces..company split personality, bootstrap small mine, something to avoid GOLD-ORE RESOURCES LTD (CVE:GOZ): Sweden good jurisdiction..don't know too much LARA EXPLORATION (CVE:LRA): I like Brazil, huge mineral endowment..I own Lara, run by Miles Thompson, bought stock because Miles was running company..I don't see any real reason why not to look minerals in Brazil..get JV partners to do exploration..protect Lara share structure..bought it at $1.30 CORNERSTONE CAPITAL (CVE:CGP): attractive land position in Ecuador..have not sold any of it..elections soon, big question..tremendous discover with AURELIAN (CVE:ARU) and IAMGOLD (NYSE:IAG AMEX:IAG TSE:IAG), Cornerstone has deposit next to IAMGOLD..have JVed out..intelligent business model..if Ecuadorian politics turn against us, need to review for more of Van Eeden's commentary including discussion of past picks, visit http://robtvgold.blogspot.com/ ((note: I already own GAL.v and LRA.v))
  5. Hi, MM If you dont mind me asking, how do you support yourself now? Are you in the academic world, or do you have another livelihood? if you prefer not to say, that is fine too
  6. drbubb

    SPX-to-Gold and Dow-to-Gold ratios

    STOCKS-TO-BONDS RATIO Here's another interesting ratio: SPX / TLT (the etf for Ten Year Bonds) ... update Also at/near an extreme, = = = Here's how SPX looksin ratio to Gold
  7. drbubb

    Gold: the Bull's thread

    I am bullish-but it wont be straight up In fact, looks like we have some opening gaps up, including one today so gold may have to retrace before moving higher there's strong resistance at $600, and that may prove a real challenge just now
  8. drbubb

    SILVER

    "How accurate have his calls been?" from my very limited experience: Mixed. He has made some good calls Let's track this one, and see how he does
  9. drbubb

    Gold: the Bull's thread

    depends on what causes the recession. if it comes as a result of rate rises as the dollar falls, then when rates get high enough, precious metals might fall- but they would have a helluva ride first
  10. drbubb

    Jinshan Gold Mines (JIN.v)

    ((same group - big news)) Ivanhoe Mines and Rio Tinto Form Strategic Partnership to Develop Mongolian Copper-Gold Resources RIO TINTO TO MAKE A STAGED INVESTMENT OF UP TO US$1.5 BILLION IN IVANHOE MINES TO FUND CONSTRUCTION OF THE OYU TOLGOI MINING COMPLEX LONDON, ENGLAND & ULAANBAATAR, MONGOLIA - Robert Friedland, founder and Chairman of Ivanhoe Mines, and John Macken, Ivanhoe's President and CEO, announced today that world mining leader Rio Tinto has agreed to form a strategic partnership by investing in Ivanhoe and, through an Ivanhoe-Rio Tinto Technical Committee, will jointly engineer, construct and operate Ivanhoe's Oyu Tolgoi copper-gold mining complex in Mongolia's South Gobi region. The agreement creates a defined path for Rio Tinto to become the largest shareholder in Ivanhoe Mines. Provisions of the agreement between Ivanhoe Mines (IVN: TSX, NYSE & NASDAQ) and London-based Rio Tinto (RTP: NYSE; RIO: LSX, ASX) require Rio Tinto to make an immediate investment in the equity of Ivanhoe Mines of approximately US$303 million (CDN$345 million), an amount that will increase, under defined conditions, to up to approximately US$1.5 billion (CDN$1.7 billion). "This partnership with Rio Tinto is the most significant strategic step in Ivanhoe's 13-year history," Mr. Friedland said. "We have long believed that the right partnership would bring important benefits to the Oyu Tolgoi project, the people of the South Gobi region and all of Mongolia. We said in a formal statement three years ago that Ivanhoe was evaluating strategic partnerships with qualified companies that had relevant experience and resources to help ensure completion of a successful mining complex at Oyu Tolgoi. Today's announcement marks the realization of that vision." Please click on the link below to read the news release: http://www.ivanhoe-mines.com/i/pdf/2006-10-18_NR.pdf
  11. drbubb

    SILVER

    Cyclical expect fred starkey is very keen on silver. He sees a low around nov.4th-6th, and then a takeoff. His target is $18 by the first quarter = = Silver Wheaton (SLW) charts well : see chart looks like current $9.60/70 level is resistance. might it fall back towards $8.00, going into starkey's early nov. low?
  12. drbubb

    When to sell gold..

    SELL GOLD only when something else looks incredibly cheap. that may be when: + Bond yields shoot up, as people flee the dollar, + US real estate crashes, because of high rates + US real estate - priced in gold- may then look incredibly cheap, ...and so will many other dollar-denominated assets
  13. drbubb

    SPX-to-Gold and Dow-to-Gold ratios

    Henry W. sees a move up in gold shares from here: more: http://www.elliottfractals.com/marketview_interview.html # # # Cyclical expect fred starkey is very keen on silver. He sees a low arounf nov.4th-6th, and then a takeover. His target is $18 by the first quarter
  14. Tiberon comments on recent trading activity TORONTO, Oct. 18 /CNW/ - Tiberon Minerals Ltd. (TBR:TSX) today issued the following comments on recent trading in the company's shares on the Toronto Stock Exchange: Tiberon's Board of Directors (the Board) has been approached by a third party with respect to a possible acquisition transaction, and the Board and the third party are currently in discussions in this regard. While it is possible that these discussions could lead to some transaction, there is no assurance that they will lead to a transaction, and there can be no assurance what form such a transaction may take. Shareholders will be kept informed of any material developments. About Tiberon Minerals Tiberon Minerals Ltd. is poised to become the world's largest primary tungsten producer and a major producer of acid-grade fluorspar, as well as bismuth, copper and gold through development of its Nui Phao property in Vietnam. Nui Phao contains over 55 million tonnes of proven and probable reserves (25.1 million tonnes proven, 30.6 million tonnes probable) for an estimated mine life in excess of 16 years, making it one of the largest tungsten-fluorspar deposits located outside China. Tiberon's common shares trade on the Toronto Stock Exchange under the symbol TBR. There are currently 75.4 million common shares outstanding.
  15. THE BOTTOM FOR CRUDE OIL by Frank Barbera ... October 12, 2006 Back on July 25th of this year, I wrote a piece for the Market WrapUp updated July 25th (see archives) wherein I talked about a stock market bottom (in a series of articles) and a potential top in Crude Oil. In that article, I noted that on a longer-term trend basis, the new series of higher highs in Crude Oil, were showing many signs of failing momentum. Momentum measures the force underpinning any advance in price and when prices are advancing against the backdrop of declining momentum, it is usually only a matter of time before they roll over in slide in a large correction. In the case of Crude Oil, I showed the chart below with the Weekly Oil chart and the Weekly RSI. RSI is a normalized momentum indicator, meaning it measures the degree of momentum within a market and attempts to reflect the underlying forces on a fixed or normalized scale. This is a different approach then say, Moving Average Convergence-Divergence (MACD), another popular momentum indicator, which uses a non-bounded scale and can be equally effective. Back on July 25th, the technical picture of Crude Oil showed a classic 5 wave advancing pattern coming to a peak with the 5th wave, showing hallmark signs of steadily weakening figures on the RSI. As it turned out, those negative momentum divergences continued to play out and in another report issued on Wednesday September 13th with Crude Oil at $68 per barrel, I pointed out a double top in Crude Oil noting, that Crude Oil was “in close proximity to key support near the $68.40 level (see next chart)”. At the time, I stated, “...the potential that a downside break below $68.40 could quickly lead to a bout of serious follow thru downside action, with Oil’s next major support being in the high $50’s." Ultimately, I “sketched in” and set a downside target on a breakdown of $57 dollars for Crude, which on the nearby chart appeared to be a strong, longer range support. More recently, in my October 3rd newsletter update, I included yet another chart of Crude Oil, this time an hourly chart telling readers that Crude still had a bit further to go – near term, on the downside. Using Elliott Wave analysis, (not shown on chart), I produced the following graph with Crude Oil at $58.80 at the time. In the report, I explained that Oil (1) need to rally toward $62 and then needed a second and final decline to a lower low near the $57.50 to $58 range, which at that point should mark the final low of the larger decline (see next chart). Updating that chart to the present time period, we find that the anticipated “bottoming sequence” for Crude Oil has taken shape right along the proper outline, with prices having rallied to a high of $61.49 on October 9th, followed by a decline to a low yesterday at $57.30. While I still cannot rule out prices lingering in this area for another day or two, the overall appearance of the Oil chart is now that of a major bottom, with the initial recovery off the low, very likely to lift prices back up into the $64 to $66 dollar range over the next few weeks. While it is true that Oil inventories are presently at very high levels, it is also true that: 1/ marginal capacity for Oil is extremely constrained, (Capacity Utilization at 97%, not 75% or 78% as in the 80’s and 90’s), 2/ global demand with China adding 180,000 new cars to the road PER week is well embarked on a new secular rise, and 3/ unlike the 1980s or 1990s when OPEC Oil cuts were ineffective in putting a “floor” under Oil, in the new reality of the 21st century, [accelerating global consumption cast against the backdrop of “virtually zero” spare capacity and the even larger specter of “Peak Oil” starting this year] OPEC is highly empowered and even small production cuts will rapidly shore up prices = = MORE Artcle, with all the charts : http://www.financialsense.com/editorials/b.../2006/1012.html
  16. drbubb

    SPX-to-Gold and Dow-to-Gold ratios

    Nice move in Gold on Friday : up over $10 ! : as the Dow/Gold ratio falls GLD : $ 58.57 : +1.08 / Volume: 3,078,900 / Percent Change: +1.88% GDX : $ 35.79 : +1.09 / Volume: 977,200 / / Percent Change: +3.14% Dow : 11,960.51 +12.81 / Volume: 295,095,640 / Percent Change: +0.11% Ratios:: Dow/Gold : 20.42 // GDX/GLD : 61.11% This is what can happen off a turnpoint, as identified in the chart in the Header # # # News Report ... Oct 13, 2006 Stocks rebound on rise in commodity prices SAN FRANCISCO (MarketWatch) -- Toronto stocks rose Friday on a rebound in commodities prices as the sudden onset of winter in the northeastern United States sparked an increase in energy prices. The S&P/TSX Composite Index (CA:SPTSX: news, chart, profile) rose 189 points, or 1.6%, to 11908.57. A recovery in crude prices helped propel the TSX's energy index 3.3% higher. EnCana (CA:ECA: news, chart, profile) (ECA : encana corp com. :$ 45.90+1.42+3.19%) gained 3.4% and Suncor Energy (CA:SU: news, chart, profile) (SU : suncor energy inc com : $72.50+2.68+3.84%) added 3.9%. Canadian Natural Resources (CA:CNQ: news, chart, profile) (CNQ : canadian nat res ltd com : 46.72+1.45+3.20%) gained 4%. Gold followed crude oil higher, spurring the TSX's materials index to a 2.5% gain. The gold subindex rose 3.8%. Barrick Gold (CA:ABX: news, chart, profile) (ABX : Barrick Gold : $29.79+0.67+2.30%) closed up 2.7% and Goldcorp (CA:G: news, chart, profile) (GG : goldcorp inc new com: $22.73+1.02+4.70%) picked up 4.5%. Glamis Gold (CA:GLG: news, chart, profile) jumped 4.9%. Nickel miner Inco (CA:N: news, chart, profile) (N : INCO Limited: $75.21-0.10-0.13%) edged up 0.1% and aluminum maker Alcan (CA:AL: news, chart, profile) (AL : Alcan Inc: $41.18+0.53) rose 1.6%. Mining company Teck Cominco (CA:TCKB: news, chart, profile) (TCK :$ 68.54+2.39+3.61%) rose 4.4%. Combined, the energy and materials sector represent about half of the TSX composite index. = = (put this thread in the header??)
  17. Others that specialise in Juniors and early stage companies include: Canadian : Lawrence Roulston, Ian Gordon, Coffin Brothers ... Aussies... : Warwick Grigor ...will add more names as I think of them
  18. Battle Mountain Gold Exploration (BMGX-BB) : A ROYALTY CO. MarketCap: $42.9 Million = 77.3million shs x $0.60 ($46.4mn -$3.5mn from X) prev. 42.5 + 12 + 11.4 x2 = 77.3 mn f.d. after royalty transaction ? NOTE/ Issued: 11.4 million units at $0.31 cents/unit. Each unit is comprised of one common share and one full warrant exercisable at $0.31 cents. The remainder of the purchase price was funded by the issuance of a $2,000,000 exchangeable subordinated secured debenture and 12,000,000 common shares to IAMGOLD Corporation Daily Weekly ... update : Daily chart About BMGX Battle Mountain is a gold royalty company headquartered in Reno, Nevada. Battle Mountain has a diversified portfolio of thirteen producing, developing, and exploration gold royalties in seven gold producing countries. ROYALTY PROPERTIES================= Low Risk, High Value Royalty Income Battle Mountain is building shareholder value by developing a portfolio of royalty interests through acquisitions and exploration. Battle Mountain presently has Net Smelter Return (NSR) royalties on eleven properties, as detailed in the table below. Click on each property to link to the operators' property websites. Mine Asset====== Location==== Operator===== NSR Rate Williams (Hemlo)..... Ontario..... Barrick, Teck 0.72% El Limon/La India..... Nicaragua... Glencairn.... 3.00% Don Mario............... Bolivia..... Orvana....... 3.00% Dolores*................. Mexico...... Minefinders.. 1.25% Joe Mann................. Quebec...... Campbell..... 1.50% Sequenega Property. Burkina Faso Orezone...... 3.00% Relief Canyon.......... Nevada...... Newgold...... 4.00% Lluvia De Oro Mine... Mexico...... Private...... 2.00% Night Hawk Lake...... Ontario..... Night Hawk... 2.50% Marmato................. Columbia.... Private...... 5.00% Vueltas de Rio Mine. Honduras.... Rio Narcea... 2.00% * Mine Plan calls for a mid-2007 start date Compare with MarketCap of key companies... Base Multiplier x10 Symbol ShsOS x Price = MktCap : NSR % x 10 PctxMkCp : Deposit MFL.t: 47.7m xC$10.00= $ 423m : 1.25% 12.5% $ 42.3m : Delores ORV.v: 114.7 xC$ 1.38= $ 158m : 3.00% 30.0% $ 47.5m : DonMario GGG.v: 171.m xC$ 0.74= $ 127m : 3.00% 30.0% $ 38.0m : ElLimon COL.v: 61.5m xC$ 0.63= $34.6m : 2.00% 20.0% $ 06.9m : LvdeOro =====: ===== ========= ====== : =========== ======= : 3 co's ..... ......... ...... : ........... $134.7m BMGX-: 77.3m x $ 0.61= $47.2m : 47.2/134.7= 0.35x10 : 3.5Multiplier
  19. drbubb

    SPX-to-Gold and Dow-to-Gold ratios

    woke up to find... Dow up big, but Gold rose more, so the Ratio was lower than I left it: SPX Ratio: 1363/ 574.9 = 2.371 (was 2.378) .... Gold ounces to Buy the SPX Dow Ratio: 11,948/ 574.9 = 20.78 (was 20.88) So if I bought my puts a bit too soon, it's okay. I am much more long gold, and that side is winning
  20. drbubb

    Yesterday's Minesite Forum

    looks like they are getting set to break out- but will need some volume to do so properly
  21. Yikyak's Newmont chart (from Advfn); NEM right on support now
  22. drbubb

    Yesterday's Minesite Forum

    In other words, "Our projections were wildly optimistic" It will take time to restore credibility
  23. drbubb

    Yesterday's Minesite Forum

    I like FR, and have owned it in the past Keith N. seems a straight shooter, and he has been involved in building sucessful companies in the past. The market has really punished the company in the past few months. I would want to look deeper into what had caused that. But is the story is intact, it is probably a Buy here I will probably buy some shares in a company called Great Panther (v.GPR) today, if I can get them cheaply enough = = = THIS IS POSITIVE - but the amount is small SUBJECT: More insider buying within FR Posted By: CRBBULL Post Time: 10/3/2006 20:49 First Majestic Resource Corp. (FR) As of October 2nd, 2006 Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price Oct 02/06 Sep 27/06 Davila, Ramon 10 - Acquisition in the public market Common Shares 20,240 $2.710 @: http://www.stockhouse.com/bullboards/viewm...0&TableID=0
  24. drbubb

    Gold: the Bull's thread

    BULL OR BEAR? Differing views at the Hong Kong Conference... ========= "....Over the three days, we will see most of the worthies in the world of gold. The first day included some star speakers, such as Doug Casey, Frank Veneroso, James Turk, and Ian Gordon, amongst others. Casey's talk opened the morning session, and was not for the faint-of-heart. He spoke of the trillions of US dollars that were overseas. These would eventually be exchanged for other assets when their foreign holders dump them. And this would trigger a collapse in exchange value of the dollar, increased inflation in the US, and other headaches. He seemed comfortable talking about gold at US$2,000-3,000/oz, world war three, and the possibility of nuclear bombs being brought into New York harbour one day. Chilling, but familiar territory, for many gold bugs, I suppose. The Hong Kong audience did not seem shocked, even if it was new to them. Frank Veneroso's talk was a surprise to me. He is not in the bullish camp. Using a more academic approach than Doug Casey, he displayed rows of figures showing jewellery and bar-hoarding demand over the past ten years. A decade earlier, he had forecast big future increases in Far Eastern demand, counting on investors in these areas consuming more jewellery, as they got richer. This has not happened. Exploding incomes in China, Hong Kong, and Taiwan, have been accompanied by a fall, not a rise in demand. And the oft-cited commodities supercycle has only brought a 2 per cent/annum rise in copper demand. The explanation Veneroso had for the rise in prices was: Hedge Funds. He presented a chart showing a tripling of commodity derivatives on the books of US banks between 2004 and 2005. He said this big jump was due to speculative demand coming from Hedge Funds. The recent US$6 billion loss reported by Amaranth showed how huge the positions controlled by hedge funds had become. His main fear was that a future collapse in copper prices- similar to what we have seen in recent weeks in the natural gas market- would spill over into silver and gold. Ironically, he said that gold is likely to fare better than the other metals, because Central Bank intervention had kept gold prices down. In a metals slide we could see short-covering by Central Banks, and this meant that gold's fall could be limited. Jim Turk was the most articulate of gold bulls. He entitled his talk, “Gold's Inevitable Climb to US$1,000/oz.” His charts showed that gold is in a bull market that goes back to the late 1960's, and the prices falls of the eighties and nineties are nothing more than a two decade correction to a longer uptrend. Drawing comparisons with the seventies, he said the current rally has further to go to catch up with the moves of thirty years earlier. The main problem is the excess printing of money, to cope with various financial problems. Like Casey, he sees a big fall in the dollar, and the possibility of hyperinflation, if the Fed is unwilling to take the pain of deflation. The end of reporting of M3 money supply data is a clear sign to Turk that the Fed wants the freedom to keep printing without much scrutiny by the markets. Philip Koetse, Axel Merk, and Ian Gordon put forward generally upbeat presentations on gold. Gordon made his usual Long Wave presentation, and answered a question raised by Frank Veneroso, why has demand for gold not risen much amongst Far Eastern investors? His answer was that they are still making big money on their paper assets. The Hong Kong Stock index is hovering at just below 18,000, less than 1 per cent below its all-time high from 2000. Falling stock prices, and fear, would drive investors back into gold, he said." ...MORE: http://www.minesite.com/storyFull5.php?storySeq=3854
  25. drbubb

    The Coal Thread

    Wow. Look at that move in Energy stocks XLE : 52.87 Change: +0.97 Percent Change: +1.87% Coals stocks had a huge day Massey (MEE) : 22.90 Change: +2.07 Open: Percent Change: +9.94% Oil was down, so this may be an indication that investors think we will not see any further falls in oil, and an energy rally is beginning
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