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Everything posted by drbubb

  1. You may need to use spreadbettors like IG Index- I have used them try a search on the web
  2. YES. GYD.v has fallen back into the gap- where selling has dried up. BUYERS must be awaiting some news ... Grayd Resources begins drilling at La India 2006-08-17 10:23 ET - News Release Mr. Marc Prefontaine reports GRAYD COMMENCES DRILLING AT LA INDIA PROJECT, MEXICO Grayd Resource Corp. confirms that drilling has commenced today on Grayd's wholly owned La India project located in Sonora state, Mexico. The first target will be the La Cruz zone, following up from intersections in RC05-14 (85.3 metres grading 2.6 grams per tonne gold) and RC06-17 (51.8 metres grading 1.64 grams per tonne gold). An initial 30 holes (3,000 metres) are planned. Most holes will be within a 1,600- by 800-metre area that contains three zones with potential for near-surface heap leachable deposits (La Cruz, Cerro de Oro and Viruela). Drilling will also target the Nopal zone, a buried high-sulphidation system with only one drill hole to date, and the Espanola and Cieneguita zones in the north part of the property, which have potential for near-surface resource. Mapping and sampling will continue to explore other parts of Grayd's 24,515-hectare property. A map showing property location and exploration zones is available the company's website. Drilling will be by Layne de Mexico, using a track-mounted reverse circulation rig. Hans Smit, PGeo, vice-president of exploration for Grayd, is the qualified person directing the exploration at La India. Samples are sent to the ALS Chemex facility in Hermosillo, Mexico, for sample preparation and then to the ALS Chemex laboratory in Vancouver for gold assay and ICP. Quality assurance and quality control procedures used include assay standards and blanks = = At C$0.72: x Shares Outstanding 47,988,670 = Market Cap $ 34,551,842 Corporate Website : http://www.grayd.com/s/Home.asp
  3. drbubb

    Nickel Soaring : Who took it all?

    That MUM chart could be set to move + Nickel is moving hgher, + MUM has a real project + It has been 12 months from the last top, and last time it took 12 months to put in a bottom I OWN SOME, and made a ton in that last spike up
  4. MISSED POINT... from GHPC: "you should really add in immigration into the mix (Around a million skilled, unskilled and professional Eastern European EU citizens in the past couple of years, another million or so expected in the coming years upon Bulgarian and Romanian entry to the EU next year" AGREED. That should be one of the bull points. What's holding it up? I have tried to answer my own question, and appreciate the additional points and clarifications made above. TO ME, The two most vitals props are: + Sentiment, whih has remainined bullish, and + Aggressive lending, which has amazed me, since the risk being pumped into the market now includes much of the "toxic" variety, and I am surprised thee is so much appetite for it. And the BoE and other regulators seem to be asleep at the switch. There will be hell to pay one day.
  5. Exactly, 6. Barratt flogs off a new property above market, then, the buyer discovers the rental value plummets after the "guarantee period" expires. It is no longer a "new flat", and hence less desirable.
  6. "The reasoning behind making a crap site (aside from time constraints) it is basically the worse the content the more likely the viewer this going to click away from the site" LOL "CRap" is not what we are aiming for. Above all else, we want return traffic. If people surf away, that is fine, but we want them to come back, and maybe be more knowledgeable from whatever they visited. Even come back, and share
  7. GERMANS AHEAD... The German PV Market 2006 was launched on May 2, 2006. This is Solarbuzz's first comprehensive look at the all important German PV Grid Connect market. Now representing, 57% of the world PV market, the performance of the German market will impact virtually every other major country market. The report analyzes the five main market segments, highlights the major PV projects of 2005, describes the business chain (including volumes), the status of political and funding programs, market prices and also manufacturing base. The main focus of the report is on 2005 market outcomes together with a forecast by market segment to 2010. @: http://www.solarbuzz.com/Services-Reports.htm
  8. drbubb


    SILVER: Better than Ever, says Butler ========== Better Than Ever / By: Theodore Butler / 15 August, 2006 Since I don’t like to beat around the bush, let me state that right now I think silver is a better investment than it has ever been. Yes, I know silver was much cheaper a short while ago. At that time I tried my very best to convince as many people as I could to buy it under $5. Many did and are glad they bought it. But silver is no longer $4.50 an ounce. Now it’s $10.00, so how the heck could it be a better investment at a higher price. Am I just a perma-bull on silver at any price and condition? . . . ...we have yet to witness the counter-balancing up move in silver that we will see when the manipulation is terminated. Since it has not been terminated, but will be, the bullish impact is still ahead of us. The world is a different place, price-wise, than what it was 5 or six years ago, When I started writing for IRI, silver was $4 to $5 an ounce. At that time, crude oil was under $30/barrel, on its way to a $16/barrel low. Gold was around $260 an ounce. In the base metals, copper was 80 cents a pound, zinc was 30 cents a pound and nickel was $2.50 a pound. At their recent highs, measured from the low points, gold was almost 3 times higher and silver was almost 4 times higher. For crude oil and the base metals listed, the trough to peak advance was almost 5-fold. Most of the gains have come in the last year or two. So, in a very real sense, silver has only slightly outperformed gold over the past 5-6 years, and has slightly under-performed oil, copper, zinc and nickel. Silver has also outperformed aluminum and lead, the remaining major base metals. Silver does not look overvalued on a comparative basis. . . . The increase in oil and energy prices greatly increases the cost of mining, smelting and refining. This makes the finished product, real silver, all the more valuable. Minerals and metals are finite in nature and once they are gone, they are gone forever. Peak production concerns seem to be creeping into a broad range of commodities In other words, the "easy" oil, copper, zinc, etc. has already been found and exploited. New mineral discoveries are smaller and more expensive to develop and may not keep up with current production levels. Silver is no exception. ...we have a powerful new force in silver inventory accumulation – the silver ETF. For the very first time, institutional investors have been given access to silver. In the first two and a half months of its existence, the silver ETF has accumulated over 91 million ounces of silver. That’s 70% of the 130 million ounce total they filed for. This is a much greater demand than anyone had anticipated. Not only does this show what institutional investors feel about the value of silver, it has effectively taken silver off the market at current prices. The silver in the ETF has shortened the time silver investors must wait until the manipulation is terminated and prices truly break free to the upside. Remember, the gains, to date, in silver have not overvalued silver compared to all other commodities, demand continues to grow, and production is constrained by increased costs and availability of big ore bodies. Meanwhile, inventories continue to decline. Because silver has declined more from its price peak in relation to gold, I think a special opportunity is once again being presented to gold-only investors. If you own no silver, a switch of some of your gold to silver seems appropriate. Since I first suggested this switch (in 2000), silver has more than held it’s own, performance-wise. Since then we know we have more gold and less silver in the world. We also know that in that time the dollar value of world gold inventories has grown by $1.5 trillion to $2.5 trillion, while silver inventories have increased in value by only a few billion dollars, to $10 billion. In dollar terms, there are still 250 times more gold than silver even though silver has performed better than gold over that time. Someday, a sufficient number of gold investors are likely to recognize this disparity and attempt to rebalance their holdings. This would have a profound impact on the price of silver. This is another reason why silver is a better buy than ever. ...MORE: http://news.silverseek.com/TedButler/1155668561.php
  9. ...i'm still writing it... Solar got over-hyped, the inevitable reaction is occurring UPDATED: Symbol Company====== Peak/when Low : Recent chg ESLR : Evergreen Solar.... $17.50/Mar $ 8.00 : $ 9.31 , -46.8% STP-- : Suntech Power..... $45.95/Feb. $19.00: $32.65, -38.9% SIT.L : Solar Integrated.... £3.700/Mar £0.150: £0.515, -86.1% =====: Compare: PBW- : Pwrshs.CleanEgy $24.08/May $16.51 : $17.52 -27.2% Was even worse until recently: Suntech has had a great bounce (+52%) in recent days, from amid-July low
  10. Below are excerpts from "EcoPolis," a fascinating article in New Scientist Magazine exploring what it will take to design and build eco-friendly cities in the 21st century as urban population growth explodes. Not surprisingly, much of the story focuses on the role of the automobile in the city. (Unfortunately, to read the entire article you have to pay a fee online or buy the magazine) If we are to protect what is left of nature, and meet the demand to improve the quality of living for the world's developing nations, a new form of city living is the only option.... Fortunately, governments, planners, architects and engineers are beginning to wake up to this idea, and are dreaming up new ways to green the megacities. Their approaches rest on two main principles: recycle whatever possible, and cut car use to a minimum.... Unfortunately, for the past century most cities have been moving in the wrong direction. Planners have designed cities as if resources such as land, fuel and concrete were unlimited, and waste has been something to dump as cheaply and as distantly as possible. Worse, they designed cities around cars rather than people.... This generation of city builders "worshipped at the altar of the automotive god, and idealised mobility and freedom", says Peter Hall, professor of planning and regeneration at University College London.... Planners and architects now agree that to improve the social and environmental condition of cities the top priority is to cut car use. They say zero-emission cars running on electricity or burning hydrogen are not enough. "Automobiles still require massive networks of streets, freeways and parking structures to serve congested cities and far-flung suburbs," says Richard Register, founder of the non-profit campaigning organisation EcoCity Builders in Oakland, California.... What is needed is a wholesale rethink of how new cities are laid out - and how existing ones expand - to minimise the need for cars in the first place.... Take Dongtan, the eco-city planned for southern China. Before a brick has been laid, Dongtan is being hailed as the most ambitious attempt yet at a "green city". The plan is for a car-free, zero-emission, recycling city of half a million people.... Deterring the car is also vital, says Don Shanfeng, the senior architect of the project. "Cars won't be banned, but driving will not be made easy." A single road will meander through the first phase of the cithy, with traffic lights that automatically switch to give priority to the planned hydrogen-fuelled buses... Read the entire article here: http://www.newscientist.com/article/mg19025561.600.html
  11. 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.
  12. Maybe. I ma concerned about the management change. I think the old CEO may have passed away and the new interim CEO is his wife. I may phone her for a chat. The Springpole asset has been around for a long time, the Gallium may be an interesting play, but I don't know enough about it yet. The idea of investing in co's that mine metals and minerals for Solar Cells is intringuing, but needs more research- which is what this thread is for
  13. CIGS: copper-indium-gallium-selenide Copper Indium Gallium Selenide many solar cell technologies rely on the same alloy -- called CIGS (for copper-indium-gallium-selenide) -- deposited in an extremely thin layer on a flexible surface. ....MORE: http://www.energybulletin.net/19262.html = = = WHO MINES THESE ??? Gallium is a chemical element in the periodic table that has the symbol Ga and atomic number 31. A rare, soft silvery metallic poor metal, gallium is a brittle solid at low temperatures but liquefies slightly above room temperature and indeed will melt in the hand. It occurs in trace amounts in bauxite and zinc ores. An important application is in the compound gallium arsenide, used as a semiconductor, most notably in light-emitting diodes (LEDs). Indium is a chemical element in the periodic table that has the symbol In and atomic number 49. This rare, soft, malleable and easily fusible poor metal, is chemically similar to aluminium or gallium but looks more like zinc (zinc ores are also the primary source of this metal). Its current primary application is to form transparent electrodes from Indium tin oxide in liquid crystal displays. It is also widely used in thin-films to form lubricated layers (during World War II it was widely used to coat bearings in high-performance aircraft). Selenide ... The selenide ion is Se2−. A selenide is a chemical compound in which selenium serves as a anion with oxidation number of −2, much as sulfur does in a sulfide. = = = "Gallium is now about $500 per kilogram but has been as high as $1,500/kg," he said. "As gallium mining is controlled by a few suppliers, and the raw gallium cost is 25 percent of GaAs wafer cost, when the price rises again, you don't want to be shipping a 625-micron wafer-thickness depth of GaAs when a wafer only needs to contain gallium in the top few microns." Most gallium is produced as a by-product of extracting aluminum from bauxite, while the remainder is extracted (principally by Dowa Mining in Japan) from by-products of zinc processing One potential miner is Gold Canyon Resources (GCU.v): evaluating deposits in Nevada More on : Gallium Mining & Extraction:
  14. Gold Canyon begins drilling at Cordero 2006-08-09 09:43 ET - News Release Ms. Elaine Einarson reports GOLD CANYON COMMENCES DRILL PROGRAM AT CORDERO GALLIUM PROJECT Gold Canyon Resources Inc. has commenced its planned 2006 drilling program at its Cordero gallium project. The drill program is planned to consist of approximately 25,000 feet of reverse circulation drilling and will be conducted under the supervision of consulting geologists Samuel Nunnemaker and Rick Rukavina. Cordero is already recognized as the largest known primary gallium occurrence in North America. This aggressive drilling program is designed to expand the mineralization and resources, and increase the grade of the resources at Cordero as initially reported in the company's recently completed independent technical report entitled NI 43-101 technical report and resource estimation for the Cordero gallium project, Humboldt county, Nevada, U.S., dated April 16, 2006, which was prepared by reserva International LLC, of Reno, Nev. A copy of the Cordero technical report is filed and available on SEDAR or through on the company's website. The drilling contractor for the program is Drift Exploration Drilling, of Calgary. Drift has conducted all of the drilling on the project to date and is very familiar with the drilling conditions on the property. All samples will be analyzed by Inspectorate Laboratories, of Reno, Nev. Drill samples will be analyzed for valuable rare earth elements (REEs) together and other minor metals in addition to gallium. These analyses will be modelled together with results of analyses of drill samples from phases I and II, which are expected shortly. @: http://www.stockwatch.com/swnet/newsit/new...p;news_region=C = = Gold Canyon Resources Inc.: Akiko Levinson Appointed as Acting CEO Friday July 21, 5:17 pm ET VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 21, 2006 -- Gold Canyon Resources Inc. (TSX VENTURE:GCU.V - News) ("Gold Canyon" or "the Company") announces that Mr. Robert Carrington will step down as the Company's Chief Executive Officer effective July 31, 2006 and will be replaced by Ms. Akiko Levinson, who will assume the role of both President and acting Chief Executive Officer. Mr. Carrington will remain as a member of the Board of Directors of Gold Canyon and will continue to devote his efforts in his original role as consulting geologist to the Company. Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold Project, and the Favourable Lake Poly-metallic Project, both in the Red Lake Mining District of Ontario, Canada. Through its wholly owned US subsidiary, Gold Canyon Resources USA Inc., the Company controls a 100% interest in the Cordero Gallium Project situated in Humboldt County, Nevada, U.S.A. Additional information can be found on the Company's website: www.goldcanyon.ca. Akiko Levinson, President & Director = = May 30, 2006 -- Gold Canyon Resources Inc. (TSX VENTURE:GCU.V - News) ("Gold Canyon" or "the Company") is pleased to announce it has closed the non-brokered private placement originally announced on May 4, 2006 and has issued 920,667 common share units (the "Units") at $0.40 (US$0.36) per Unit for gross proceeds of $368,266.80 (US$331,440.00). Each Unit consists of one common share in the capital of the Company and one half of one non-transferable common share purchase warrant, each whole warrant entitling the holder to acquire one additional common share at a price of $0.50 (US$0.45) per share until May 29, 2008 Jay Taylor's write-up The Cordero Gallium Project Springpole isn’t all Gold Canyon has. It also has the Cordero Gallium Project in northwestern Nevada. What is gallium? Gallium is a soft, silvery metallic element identified by the symbol “Ga.” It has an atomic number of 31. Pure gallium is a solid magnetic metal at room temperature. It melts at 30 degrees C (86 F), turning to a bright silvery liquid that begins to boil at 2,403 C (4,357 F)—the widest temperature range of any known metal in liquid state. However, the unusual characteristic of gallium makes it unique and effective in a host of industrial uses. Most gallium is produced as a by-product of treating bauxite (aluminum ore) and from zinc processing residues. Roughly 95% of gallium is consumed in manufacturing electronic components such as cell phones, DVD players, photocells, integrated circuits, and LEDs (Light Emitting Diodes). There are also some very promising medical applications for this very unique metal, including use for more efficient delivery of cancer-fighting drugs. It seems gallium is becoming increasingly in demand for a host of hightech applications, and, given its limited supply, its price has risen significantly from its $16-per-ounce bottom a few years ago. It has hit a high of $70 per ounce. The average cost of producing this metal is in the $15 to $30 per ounce range. While we don’t have an exact cost figure for the Cordero Mine, management has suggested in past discussions I have had with them that, given their grades, they should be in the bottom half of this cost structure. The average grade of gallium on the Cordero is said to be 157 grams/tonne, or just slightly more than five ounces per ton. This would give the company an insitu value of anywhere from $80 per ton to $350 per ton, depending on the market price. Lab tests have suggested recover rates of over 90% of the ore. workload. The number of qualified labs has been significantly reduced in recent years. Also, there has reportedly been some reluctance on the part of the lab doing the work for Gold Canyon to share their protocol with a third-party lab that needs to independently verify the first lab’s results. In summary, we see the Springpole Project as having the definite possibilities of becoming a relatively large high-grade gold mine. If that picture unfolds, I believe this stock could rise very dramatically, notwithstanding its boring performance since we most recently recommended it. As such, an allocation of up to 5% is recommended for patient investors who do not need to use that investment for grocery money anytime soon. The gallium project is interesting and could also provide a dramatic boost for shareholders, though given the unusual nature of that project, I am most enamored by and confident in the Springpole Project, realizing however that given infrastructure concerns outlined above, success is by no means guaranteed. However, I feel the addition of Duncan Reismeyer could provide a big boost and energizing element for this company. = = = News Release, v.GCU : http://www.24hgold.com/InfoCompany.aspx?id=368
  15. Those are GOOD RESULTS. I am surprised to see the price no higher 0.76 Change: -0.02 = = = MI-12 52.9 62.0 9.1 13.81 including 56.0 59.1 3.1 28.94 100-Box calc: 9.1 x 13.81 = 125.7
  16. YES- THE BREAKTHROUGH Solar cells change electricity distribution by Dave Freeman and Jim Harding In separate announcements over the past few months, researchers at the University of Johannesburg and at Nanosolar, a private company in Palo Alto, have announced major breakthroughs in reducing the cost of solar electric cells. While trade journals are abuzz with the news, analysis of the potential implications has been sparse. We approach this news as current and former public electric utility executives, sympathetic with consumer and environmental concerns. South Africa and California technologies rely on the same alloy -- called CIGS (for copper-indium-gallium-selenide) -- deposited in an extremely thin layer on a flexible surface. Both companies claim that the technology reduces solar cell production costs by a factor of 4-5. That would bring the cost to or below that of delivered electricity in a large fraction of the world. The California team is backed by a powerful team of private investors, including Google's two founders and the insurance giant Swiss Re, among others. It has announced plans to build a $100 million production facility in the San Francisco Bay area that is slated to be operational at 215 megawatts next year, and soon thereafter capable of producing 430 megawatts of cells annually. What makes this particular news stand out? Cost, scale and financial strength. The cost of the facility is about one-tenth that of recently completed silicon cell facilities. Second, Nanosolar is scaling up rapidly from pilot production to 430 megawatts, using a technology it equates to printing newspapers. That implies both technical success and development of a highly automated production process that captures important economies of scale. No one builds that sort of industrial production facility in the Bay Area -- with expensive labor, real estate and electricity costs -- without confidence. ....MORE: http://www.energybulletin.net/19262.html
  17. Pellets may be easier to burbn, and less polluting
  18. REVIEWED - on the web... New Scientist — beguiling but error-prone 2006 06 27 As an advocate of Ecopolis for the best part of 2 decades I was pleased to see the idea given such a beguiling presentation in New Scientist of 17 June. There has been a good deal of seminal work by far more people than Fred Pearce mentions, but he has done a fair job of bringing together most of the key issues that define an Ecopolis (and the front cover illustration was terrific!). What I can’t understand is why he misrepresents Christopher Alexander as an advocate for inflexible cities that deny the value of neighbourhoods. Quite the opposite, Alexander and his cohorts have been responsible for some of the most influential work (notably A Pattern Language) in favour of the making of meaningful, workable neighbourhoods as part of empowering people to make and shape their urban environments. It is not “Alexander’s philosophy that has turned many cities…into social and ecological disaster areas”. The reasons for that are more to do with the workings of global capital and the interests of oil companies and the motor industry than any planning theory. The accompanying editorial was right on the money. Along with others who have been battling away with these ideas, like my friend and colleague Richard Register of Ecocity Builders, I see the remaking of our cities as the key to making a future that enables us humans to deal with the challenges of a changing climate and ecological disruption and enjoy a prolonged tenure on this planet. Integration of architecture, planning and ecology is essential to the development of truly viable ecological cities. The groundbreaking concept of cities as ecosystems was probably first presented by Boyden et al in their study on the city ecology of Hong Kong in the 1970s but was largely overlooked by planners. Perhaps it is not surprising that China is taking the initiative in trying to make ecological cities — although planners and architects in most countries are largely deprived of ecological education in China there has been a strong commitment to the development of urban ecology as a science and planning tool for some time, led by people like the indefatigable Dr Rusong Wang. Incidentally, as a committed ‘ecopolitan’ architect I have always explained that New Scientist is my journal of choice because it contains real news and fresh ideas that are relevant to making ecological cities whereas in architectural journals such material is conspicuous by its absence. I look forward to more great articles on the making of Ecopolis. @: http://ecopolisnow.com/commentary/new-scie...ut-error-prone/ BLOG : http://www.ecopolisnow.com/ another : http://peakenergy.blogspot.com/2006/06/cit...are-future.html
  19. drbubb

    The Value of Gold

    "Everyone is ramping gold" I DISAGREE. There are much few people interested in Gold than there are people "ramping" property: + Where are the 10-a-day programmes on television? + Where are the banks eager to lend anyone 80-90% to buy it? + Where are the pubs filled with people talking about how thgey made their fortunes buying gold? + Where are the notes under the door proposing 90 ways to buy or sell it? + Where are the courses telling you the best ways to trade it (apart from here) + Just look at the intellectual arguments in favor of Gold: they are often made by intelligent people using unfamiliar ideas (to most people), while property has become an emotional question of BELIEF, while yields continue to slide + Do you even know personally anyone who has made good money on gold yet? I do of course, but I had to seek those people out, and study and work, and take risks to become one of them It hasn't even started yet - the full hype stage. Meantime, Look at property, it STINKS of hype
  20. drbubb

    The Oil and Energy Price Thread

    U.S. light crude for September delivery slumped $2.35 to $74 a barrel on the New York Mercantile Exchange, a decline of around 3 percent. "When oil comes down the market does tend to act better as an inflationary play," Hyman said. = = PRESS SPIN ...explaining the move So thought there was manipulative buying at the low, to keep confidence alive. In any case, the Press does its usual job of "pinning news on the move": Relief on Wall Street ... Aug 10: 6:26p Major gauges manage gains as investors take in falling crude oil prices, arrests in British terror plot. (more): http://money.cnn.com/2006/08/10/markets/ma...wyork/index.htm Funny that: The disruption of air travel becomes good news, becauseit reduces flying, and hence demand for jetfuel, crude falls. I doubt this will last long, and if it does, there will be some negative knock-on effects of reduced travel.
  21. The problem is ... Because of the tax advantages, UK forests tend to be overpriced. Another way to invest is thru Highland Timber (HTB.L), a UK-quoted company, which trades at a discount to its NAV
  22. drbubb

    Gold: the Bull's thread

    YES, i agree Funny that. start talking about no corection, and one arrives I think gold is headed towards $600 or lower from this latest action LATER: After a second look, if HUI can hold today's low near HUI-334.5, then gold's bull move may still be intact
  23. drbubb

    Gold: the Bull's thread

    Month End Report – July 2006 : US Global Investors Investment Performance: The Balanced Natural Resources Fund gained 1.95% net of fees and expenses in July, underperforming the S&P 500 Energy Index and outperforming the Basic Materials Index, which posted returns of 4.96% and -3.49%, respectively. In addition, the Balanced Natural Resources fund underperformed the Goldman Sachs Natural Resource Index which posted a gain of 1.98%. This marks the thirteenth consecutive month of positive returns, without a single monthly loss. SWOT: Strengths Nickel prices on the London metals exchange jumped the most in six weeks to $24,700 a metric ton after inventories fell to a 15 year low and workers at Inco’s Voisey’s Bay mine voted in favor of a strike. Copper prices continue to be supported by the threat of a strike at the Escondida mine in Chile, the world’s largest copper mine. Natural gas prices gained 34.5 percent last week to $8.21 per thousand cubic feet, following a bullish 7 billion cubic feet storage withdrawal, primarily due to warmer-than-normal temperatures. This marks the first ever withdrawal in the months of June or July. The first half of 2006 marked a 20-year high in U.S. drilling activity, the American Petroleum Institute said. The EIA in its Short-Term Energy Outlook expects crude oil prices to average $69 per barrel in 2006-2007 driven by continued limited spare capacity. Although higher prices have dampened demand growth, it is anticipated to remain strong at 1.6 million barrels per day in 2006 and 1.8 million barrels per day in 2007 Weaknesses U.S economic growth slowed in the second quarter to 2.5 percent from 5.6 percent growth in the first quarter, according to the latest GDP estimate released by the government. Most economists had forecast 3 percent growth in the April to June quarter. The housing market continues to slow as new home sales fell 3 percent in June to 1.13 million units down from 1.17 million units in May, which is bearish for Copper as a new home contains 400 pounds of the metal. In its latest Export MetCoal Outlook, AME Mineral Economics indicates during the first four months of 2006, world pig iron production (excluding China) has decreased by 2.0 percent, year-over-year. (Pig iron is the primary input used in making steel.) This decrease in pig iron production has contributed to an approximate 11 percent decrease in import metallurgical coal by Brazil, North Asia, and the EU-15. Opportunities The U.S. economy would not necessarily go into recession with oil at $100 a barrel but consumers would feel the pain and the economy would slow further, Standard & Poor's said. "The good news today is that we feel even a $100 price would not result in a U.S. recession," said David Wyss, S&P's chief economist. Metal Bulletin reports that 2006 Chinese iron ore imports may grow 20 percent year-over-year to roughly 330 million tonnes versus the 32.3 percent year-over-year rise in 2005, citing an advisor at China's Iron & Steel Association. The International Energy Agency’s initial 2007 oil market forecast calls for global oil demand to accelerate to 1.9 percent growth from 1.4 percent in 2006. Threats Violence increased in Nigeria, Africa's largest oil exporter, where Royal Dutch Shell PLC lost almost half a million barrels a day of output after attacks early this year. Africa's third-largest oil producer plans to announce a tax increase on companies including Anadarko Petroleum and Eni SpA, following Venezuela and Russia in demanding more money as oil prices jump.
  24. drbubb

    Gold: the Bull's thread

    i am beginning to think that this will be one of those "odd years" (2 of 10), where we will not see much of an August selloff in gold. Thus, I am starting to put cash reserves to work in attractive private placements ( i am doing two this week). I will also be looking for undervalued junior companies over the next 2-3 weeks