posted
try CAU. it is good stock, i sold in early at 1.25, but definitely nice stock with some good news these days. should go around 1.45-1.5 short term.
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gold showing some signs of settling down a bit, with support seeming to perhaps finally kick in around the 640 mark. but - at this point, still too early to confirm. one would think that sooner or later the volatility and wild swings would settle down and gold/metals would find a semi-stable trading range. maybe starting to happen now, but - imho is just too early to call.
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quote:Originally posted by daytrader1: try CAU. it is good stock, i sold in early at 1.25, but definitely nice stock with some good news these days. should go around 1.45-1.5 short term.
I'll check it out over the weekend Daytrader1, thanks for the heads up.
-------------------- One is never completely useless. One can always serve as a bad example.
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quote:Originally posted by daytrader1: try CAU. it is good stock, i sold in early at 1.25, but definitely nice stock with some good news these days. should go around 1.45-1.5 short term.
I'll check it out over the weekend Daytrader1, thanks for the heads up.
lol..it ran hard today natural..it did test 1.43 as i predicted, would need few days to settle IMO and run back to around 1.5. good luck on that! also try cghi within 0.065-0.09 range and you can make tonnes of money there
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gold still seems a bit uncertain on the bottom support - looked like 630 range might hold but fell to 620ish range overnight before a bounce back to 630ish this morning. my guess is that a safe floor might be 590ish, but - who knows. am still holding the [NTO, ROK.V, EDV.TO, EZM] that i have, but - admit that i wouldn't add any more metals stocks at the moment. if gold fell to 590's though and mining stocks fell accordingly, might consider adding. we'll see.
roca released a PR this week about things starting to ramp up for their MAX project:
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haven't checked in on this thread in a long time. gold bouncing around a lot lately, in the 630's at present.
beauteous +17.7% breakout by roca / ROK.V on big volume today, shattered the 52-week high. sold 1/3 at the close because i'm a chicken and a hedger, still holding the other 2/3.
kind of odd trading actually: didn't move much at all on this PR about how they arranged a buyer for all their moly output the next 2 years on monday:
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Blue NTO moving pretty well. Next 10Q comes out in a couple of days. Should look good since good prices were at their high. What do you predict blue since you are almost always pretty close to what comes out.
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quote:Originally posted by blue_in_MI: pushing 17-year highs at $458/oz, seemingly mainly on inflation fears.
Anyone really liking any gold stocks now, in particular juniors?
i admit my gold stocks are likely too boring for the OTC players here: only have 3 long-term holds in IRA accounts - NTO, NXG, and EDV.TO.
as a side note, platinum has also had a pretty good run to $922/oz, palladium still mostly in the dumps though.
on an even more tangential note, Purl brought up GPXM here, my only other metal holding is i have a teeny bit in a similar moly play - ROK.V. a little surprising to me that moly prices bounced and moved up to $35/lb but stocks like GPXM and ROK.V have gone nowhere.
gold is danged hard to figure: so many people claiming so many different pulls on it. some view it as purely an inflation hedge, some view it as really the "anti-dollar", some look at demand for things like jewelry and ignore other influences. probably all have a grain of truth, but - at least for me - is tough to sort out all the influences both positive and negative on gold prices.
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TAKE A PEEK AT "TAOL". SITTING REAL LOW RIGHT NOW $.24. THEY JUST PURCHASED ANOTHER MINING SITE WITH REAL GOOD POTENTIAL. COULD BE A BIG GAINER.
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another beauty of a breakout by roca mines/ROK.V: up about 30% over the last 2 trading days alone, closed at 1.23 today. nearly 1M shares traded, beauty!
re: NTO - my ridiculously delayed reaction, vg - just seeing your post now. i thought the NTO Q was quite good, but - market seemed to yawn, still stuck in the 4.60's. .18/share fully diluted on the Q, not too shabby.
honesty with NTO i don't even follow short-term much; have just decided to hold long mainly because i like agua rica. some agua rica stuff mixed in with the alumbrera-based Q results are in this PR:
sounds like we'll be hearing about the feasibility study and financing for agua rica over the next few months, we'll see. still holding and will continue to hold.
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still holding my core-3 metals of ROK, NTO, EDV.TO. NTO still stuck in low 4's but very nice pushes by EDV and ROK lately, ROK a new 52-week high of 1.70 yesterday.
EDV a fantastic last Q, very profitable and new high in book value. also they bet big on UUU.V and it flew from the 2's to 8 since they bought, so they've made a bundle on that lately. Roca put up new pics on their website yesterday
metals looking quite frisky again lately. very nice Q also by BWLRF released yesterday btw
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Metals are looking nice Blue... Any chance gold will go above 725/oz? I hope so, charts seem to indicate at least a test of the 700/oz level.
Still holding 2/3 of my NXG. Financial numbers are great, but I sold about 1/3 to protect profits. Also, The "First Nations" are becoming an obstacle for KN, and YD might not be ready by the time KS runs out. This could bring some downside to NXG's PPS. NXG's failed bid for AZK also weighed on my decision.
However, Gold prices are strong and in an uptrend, plus NXG has plenty of cash to provide a "financial bridge" if/when it becomes necessary. I am confident that at least YD will be brought into production. Regardless, NXG will continue to show strong numbers from KS at least for the next year or two, so I am planning to hold the other 2/3 for a good while, though another large spike in PPS due to gold prices may prompt me to part will a little more.
Still holding GPXM, and actually picked up quite a bit more. Lots of insider buys, and experienced professionals getting on board. Things are progressing great with this company and they have accomplished the milestone of being the first company to start production of a new Molybdenum mine during the latest price cycle and already have close to 1Mil in concentrate sales.
Management is also talking about bringing the Mineral Ridge gold property back into production. At current gold prices, this will definitely weigh on the upside for this stock. IMO this one will eventually move higher this year to at least test last years 52wk high of $0.56/shr.
These are all IMO of course, do your own DD and GLTA.
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Should we expect a continued upward trend to test 700/oz by the end of this week or will we get a pullback first?
Silver is what started me trading and has almost tripled since my original purchases.
I hold real silver bars. Lots of them!
I have tried to learn as much about silver in the past 3 years and what I have learned amazes me.
My personal opinion is that silver will out perform gold for several reasons.
1. It is a used commodity. Silver is in everything from cell phones to microwaves etc. It is the leading metal in electro conductivity. China is eating it up!
2. Above ground reserves are lower than they have ever been. AND SHRINKING!
3 The best of all is that there is a huge short interest that will soon be unleashed on the top 4 forex that have cornered the market more than the Hunt brothers did in the late 70's leading up to 1980. They have oversold silver contracts and DO NOT have the real silver to back it up.
4 Over the past 5 years silver has out performed gold % wise and is still WAY undervalued.
Take a look at the Sept. 18th post for the short interest. And the oct. 23rd. for the reserves.
As for gold and silver I do believe we will see higher numbers near term to perhaps gold touching over 700 per once. And silver touching $16 per ounce.
Then a bit of a retrace to new supports of $660 for gold and $14.20 for silver.
Long term My guess is that silver hits $20 this year and $50 by 2008-2009......
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GBN look at this mining company. Will be $10 one day...If you like really long term plays hold it thro 2009, you might get at least $15 out of it at that time. For short term $3 is coming baby
-------------------- This is not a recommendation to buy or sell securities.
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Yikes, Gold prices took a beating overnight... down to 678/oz. Guess that answers my question. Hopefully this is only a healthy retracement before it moves back towards 700.
A Surfer, I own both gold/silver bullion and stocks. I hold more gold than silver, but I am looking to increase my silver stock holdings. Got any good picks? BTW, thanks for your comments, and the link. Definitely looks good for silver futures.
-------------------- One is never completely useless. One can always serve as a bad example.
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quote:Originally posted by before_the_crowd: GBN look at this mining company. Will be $10 one day...If you like really long term plays hold it thro 2009, you might get at least $15 out of it at that time. For short term $3 is coming baby
That looks good another mining play is unoi check this one out if you like playing copper
posted
Gold looks close to a bottom. The only thing that can keep it down is if the regular market plunges next week, a very good possibility.
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quote:Originally posted by dbell: Gold looks close to a bottom. The only thing that can keep it down is if the regular market plunges next week, a very good possibility.
Still trying to figure this one out, usually when the market goes down, Gold goes up...
-------------------- One is never completely useless. One can always serve as a bad example.
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quote:Originally posted by glassman: kinda makes you wonder where the money is going huh?
Definitely not going into my pocket... Could be a good opportunity to pick up Gold/Gold mining stocks cheap, if you believe this is only a correction and Gold prices will go up again.
Personally, I am in "hold" mode on precious metals/mining stocks until at least mid-next week after this latest dip.
-------------------- One is never completely useless. One can always serve as a bad example.
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I would be waiting for the whole 10% correction. Market has only corrected like 3.5% at these levels. I think it will fluctuate around for another couple months AT LEAST prior to getting bullish again. It may happen sooner if the feds dont mess with the interest rates again GOD D%M*IT
-------------------- This is not a recommendation to buy or sell securities.
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