-
Sections
All Stories
Categories
- A Grandich Company (288)
- AGORACOM Conference (4)
- AGORACOM Notices (19)
- All Posts (1124)
- Anooraq Resources (1)
- Anooraq Resources (2)
- Base Metals (213)
- Copper (199)
- Crescent Resources (6)
- Crocodile Gold (6)
- Crosshair Exploration (16)
- Diamonds (9)
- Donner Metals (23)
- Evolving Gold (15)
- Exploration Shares (273)
- Farallon Resources (14)
- Formation Metals (7)
- Friday Night Specials (38)
- Gold (356)
- Grandich Traffic (1)
- Heatherdale Resources Ltd. (12)
- Lead (21)
- Lithum (5)
- Mining Shares (280)
- Natural gas (23)
- Nickel (81)
- Northern Dynasty (61)
- Oil (133)
- Personal Finances (1)
- Platinum (5)
- Precious Metals (300)
- Rodinia Minerals Inc. (14)
- Silver (219)
- Silver Quest Resources (13)
- Strathmore Minerals Corp. (6)
- Sunridge Gold (26)
- Taseko Mines (34)
- Timmins Gold (18)
- U.S. Economy (236)
- Uranium (44)
- US Dollar (194)
- US Stocks (289)
- Vanadium (25)
- Web 2.0 (2)
- world economy (181)
- Zinc (63)
Thanks for the roadmap.
King of metals. It fits. Excellent report. Thanks.
You are too good! Thanks for the update.
Peter, I am wondering what is happening with Anooraq? They got the best news possible in late June and their stock went down. Any idea why and any advice on the company?
With Many Twists And Turns
ALL ROADS LEAD TO DISASTER
Whether or not ‘Cap & Tax’ passes the Senate toward the fall, we do have a new threat in the Congress, A National Healthcare Bill. It’s the latest of numerous threats to prosperity and economic stability.
The people who destabilized the cost of healthcare by creating and subsidizing Medicare are now going to destroy it totally along with the sectors that comprise healthcare. This is how they intend to escape the commitment of Medicare with unexpected consequences. My thought is that this will lead to bankruptcy of the U.S. hospital system and nationalization of our healthcare institutions from the effects of cost controls. It’s bound to happen, making things much worse.
There’s a 1,000 plus page bill before Congress, pressed to pass it before the August recess. A critical look could fill volumes, but it may include a National Nursing Home Policy that every one pays into. Then there’s rumor of a new 5% tax upon the vanishing species known as ‘The Rich’ to help pay for this healthcare. We haven’t even begun to imagine all the difficulties that are ahead from these radical changes over recent months.
So what about Mr. Peter Grandich’s ‘ROADMAP’? It’s excellent, even leaving open the choice of paths for the DJIA to rise as high as 10,000. But in the end, general equities go no where for years to come.
Now that may be the destination, but there’s another destination where this ‘Economic Mismanagement On An Unprecedented Scale’ will be taking us.
It’s only been six months since a Communist inspired regime was swept into office. These drastic policy changes need a chance to work, suffocating our economy and Free Enterprise System. ‘Cap & Tax’, Nationalization Of Industries, destabilizing & burdensome tax plans, national healthcare, and whatever else is coming on top of the debt implosion with runaway deficit spending.
There will be false starts to trends, maybe including a continuing B Wave to higher levels into September. Whichever twists the road takes, we’re speeding down the highway, chauffered by Communist Obama and a reckless Congress. The destination? Dow Jones Industrial Average -ZERO !
TBT – One of the market times I follow just came out this morning with a short on TLT or a buy of TBT. There is also an article on Treasuries on the front page of Barrons you may want to check out. FYI
Aden Sisters report on kitco – interesting read w/their technicals indicating major trends are changing. Pretty much in line with our fearless leader’s take on things. FYI
http://www.kitco.com/ind/Aden/aden_jul132009.html
kmk? inactive
Peter… and anyone else… have you been noticing how juniors have been in tandem with the general market… why will it be different in the upcoming months… because gold is going to take off? I am a bit nervous how the juniors seem to follow the general trend of the Stock Market… but think that once we enter into inflation and BRIC countries start to recover more fully, the resource sector will pick up along with it..
Why no mention of Uranium?
…. and what happen to Anooraq? Why no mention of NAK?
Peter, can you comment of what ATW did, I don’t understand what this means for us as shareowners of ATW. The stock goes down?
Thanks
Anna
Susan,
That Aden sisters report was issued on July 2, almost two weeks ago. see
http://news.goldseek.com/AdenResearch/1246514940.php
Kitco listed in on July 13. I don’t read much on Kitco. Do they always do this (publish old articles)??
Ryan P…where are you?
Rolled out of my 50K share block of NAK at $6.89 avg. earlier today for $1.00+ profit in just 1 week. Amazing how easy this game can be at times. Like I said before…”buying NAK below $6.00 is like taking candy from a baby.” Please tell me you picked up some shares last week.
OK NAK…back below $6 or charge towards double digits…either way fine by me!!!
NAKTOTENBUCKS,
Good job! I hope to get into a position that I can have a rolling block and hold a core position as well. I did get some NDM (Canadian side NAK) for $6.88 and sold at $7.24 the next day last time we chatted. I am currently underwater in a big way with AZG and throwing everything I can at it when it keeps dippin. I hope to make it out of this hole alive and still believe in AZG. I am out of NDM for this reason and praying I can get back in soon. Just the way stuff goes in the markets. At least my AZG is up 25% so far today (still way underwater though). Good luck out there.
Ryan
Ryan P.,
Nothing wrong with $0.34 (5%) in just one day…good for you. I wish you luck with AZG.
My rolls on NAK since late October have brought my core average down from $2.67 to $1.80. It’s been a fun (and quite lucrative) 9 months!
Dan, even the old article is better than no article. The Adens usually flow with big picture trends. I was just trying to make others aware of it. They have a weekly subscription but it is rather expensive and based on where they stand today, it is not much different than this older article.
On another front, I understand that the publication Market Timer is recommending this afternoon repurchasing NAK this afternoon after taking profits earlier.
If anyone has any information concerning our subjects of interest such as any of the stocks or big picture themes that Peter shares with us, please do post them. I am all ears….thanks!
What about NSU…still a buy? Up to $1.61 right now….darn, I sold out at $1.24…what an idiot!
Hmmm, what am I missing when it comes to TMM. Peter had me sold now if it would respond, I could sell. Hmmm.
Dr. Obama Is Killing Us
A Brilliantly Amusing Metaphor From Dick Morris
Author #1 NY Times Best Seller (Catastrophe)
—————————————
Now President Obama says in The Washington Post that he never envisioned that his stimulus package would afford quick relief to the American economy, but would do so only after it had run its two-year course. But when it was passed, Obama sang a different tune, urgently demanding its enactment to speed relief to a sagging economy. He claimed it would “create or save” 600,000 jobs. Now, even as the economy loses 450,000 jobs each month, he pretends that it is a matter of time until the stimulus kicks in.
He now justifies the stimulus package by saying it was adopted to prevent the “collapse” of the economy and the banking systems. But it was really the Troubled Asset Relief Program (TARP), first passed under President Bush, that stopped the banks from going under. At the time of the enactment of the stimulus package, Obama never mentioned that he was counting on it to save the banks.
All these shifting justifications are designed to explain why the stimulus package has totally failed to accomplish anything. Not only has it done no good. It has done significant harm by ballooning the deficit, driving up interest rates, creating doubts about the U.S. currency and fanning inflationary fears.
But Obama has paid and will continue to pay dearly for betting on his stimulus package. Because of it, the Bush recession is becoming the Obama recession much faster than it would have had he adopted a more gradual approach to solving economic problems. By jumping in immediately, as he did, in order to increase government spending and pass eight years of Democratic dreams in one day, he made the public expect a solution.
At first, a sick patient looks forward to seeing the doctor. But when the medicine his physician gives him fails to make him better, he is likely to turn on his doctor. And then, gradually, when it dawns on him that the cure is making the disease last longer and get worse, he will really get mad at the physician. This is Obama’s fate.
The stimulus package used up all the wiggle room he had to increase the budget deficit. He probably could have passed the healthcare program without a tax increase had he not already sent the deficit soaring with his massive spending. (Hillary and Bill pretended that there was no need to raise taxes to pay for their 1993 reform package and few questioned their presumption.) But now that the deficit has soared to 12 percent of the gross domestic product, everyone realizes that taxes must go up to pass healthcare “reform,” making its adoption even less likely. House Ways and Means Committee Chairman Charlie Rangel (D-N.Y.) has passed $550 billion of tax increases, but everyone knows that at least $1 trillion is required. And, in the current environment, Congress will not vote to add the balance to the deficit, even if Charlie wants to “charge it.”
Finally, Obama has laid a trap for himself. Just as the economy is coming out of its recession — in 2010 and 2011 — and he begins to run for reelection, he is going to face massive inflation. The money supply has more than tripled since October of 2008 and is going up each week as the Fed buys Treasury bills and other securities to “monetize the debt” (i.e., give other people money so they can lend it back to the government and charge it interest for doing so). With each new infusion of cash, the problem of avoiding inflation becomes particularly severe. Obama could well lose the elections of 2012 because of the inflation his deficit has created.
Of course, we all know that the only way to put the inflation virus back in the test tube is to trigger a new recession, this time caused by massive increases in interest rates, as Fed Chairman Paul Volcker did in 1979. If the recession doesn’t doom Obama to a single term, the inflation will. And if the inflation doesn’t get him, the subsequent recession will.
The deeper he gets into his term, the more it is apparent that he threw it all away when he first took office and demanded over $1 trillion in stimulus and supplemental appropriation spending. He was doomed to lose the game right after he received the first kickoff.
NSU….still a buy….how about Hecla Mining (HL)?
Nice read SGGroup and I’ve ordered Dick Morris’ new book Catastrophe.
But shouldn’t you be putting such posts about Obama under the column that Peter has open for comments about Obama? After all, keep politics to political headings and resource matters to resource etc.
any thoughts on kmk? anyone?
THE TWO GREATEST EVENTS IN MODERN AMERICAN HISTORY
Your Point almost seems valid, Starquestor except that you’re overlooking the economic implications contained in Dick Morris’ memo.
Government policy determines EVERYTHING ! The two greatest occurances in America’s history were (1) The pilgrims change from collectivism to Free Enterprise. (2) Adoption of the U.S. Constitution. Who could have imagined that these two changes Influencing human behavior and creativity would give rise to America’s Standard Of Living. The World has shared for sure too, but it has gone awry under this administration.
It’s all being changed before our eyes and there is no greater story in the history of the U.S. perhaps including the Civil War. Let’s put dilapidated finances and debt burdens aside. The decimation of entrepreneurship and violation of our Constitution holds potential to radically change our economy and standard of living permanently.
Disincentive and destruction of Capital formation, unbearable tax levels, crushed incentives will give way to an unimaginable decline in the American Standard of living. We are at the opposite end of the spectrum from the people who founded this great country. Think of us as traveling in reverse at high speed compounded by all the financial difficulties.
Nothing less than a total wreck is ahead, the consequence of liberalism gone wild. And what is Liberalism? The idea that nothing constant is good, forever seeking change.
HOHUM
Merv Burak does not believe there is an inverted H&S pattern in gold as many TA’s have been saying for months
Here below is his take
=================
‘As for the intermediate term pattern, the left and right shoulders can be seen on the right side of the chart with the reverse head in the middle. Unfortunately, I DO NOT subscribe to these being reverse head and shoulder patterns. They are more legitimately potential double top patterns which I had talked about previously.
Head and shoulder patterns are trend reversal patterns and therefore for a reverse head and shoulder to be present (suggesting an upside break) you would have had to have had a bear market move leading into the pattern. For a normal head and shoulder the lead in trend would have been a bull market trend. In neither of these cases do we have a bear market leading into the formation of the pattern and therefore we DO NOT have a reverse head and shoulder pattern.’
Klaus,
I thought I would move us up to the new thread. Sorry to keep you hopping in this potentially positive change of internals, but could you give me one of your T/A’s of CXX. We are sitting just over the 200 dma and the 50 dma is $.024
sorry hit the wrong button, didn’t mean to send the above so soon. To finish that.
We are still expecting some news. It is overdue results that were supposed to be out by the end of Q2. Late results, what else is new. Thanks for any insight.
Ryan
Remember that guy gold stock trades who was touting his own gold newsletter website here on Peter’s blog? Remember what he said Peter was so wrong on? He claimed the u.s. dollar was going to fly high, gold dive and the long treasuries would fly high. They have all gone the opposite way. Glad to see that loser was pushed out of here and Peter is still our fearless leader.
Ryan, – amazing week so far, virtually everything I watch went from negative to positive. Copper and most other commodities still seem to be influenced largely by the $USD. I still own some CXX – it was up today on increased volume. If it’s up tomorrow, it breaks the recent downtrend, which would be a very positive development.
Nat gas is the bane of my existence. I don’t know about you, but I have never seen a commodity act so poorly. And yet, I keep trying to play it – dumb, dumb dumb! I know bottom fishing is a loser’s game, but I often cannot resist. So every once in a while I have a discipline breakdown, buy some HNU, and regret it soon after. Perhaps if it hits 0, it will stop going down. Or not…..
Klaus,
Thanks for your response. I hear you about Nat. gas. I am going to take the plunge and buy HNU today. I just can’t see it going down much more and the upside potential is quite good. It seems like a sure thing, so that means it probably isn’t. From what I can dig up, the seasonality down time is wrapping up and when you factor in the rig count being down for quite some time, that should also catch up. These two things should soon begin to eat away at the current build up in supply, and away we should go. Throw in some storms or a cold winter and we have 200% gains in HNU within 8 to 12 months. Another big thing to remember I think is the manufacturing sector is still hurting and with big factories still shut or operating less, that means less heating or cooling and less demand for Nat. Gas. If we can get some sort of increase in these factories reopening or ramping up again, that would definitely help. Just some thoughts on Nat. Gas. Like I said above I am willing to take the plunge and see what happens. Good luck.
Ryan
Starquester….thanks for the note. I did not realize that Peter had something specially note for political type issues. I too would love to see more of the stock/trend data here as it is quite helpful to me as I try to fund my son’s college.
Funding college? These 529 College Savings plans have been a disaster. If you opened one when they became available, you’re definitely underwater. All for the benefit of ‘Tax Free’ gains that were never realized.
After years of contributions, it probably adds up to a 1/3 Capital loss. That doesn’t account for the impact of gains that were anticipated to pay for college that were never realized. Clearly, Dollar Cost Averaging over a long period of time has failed.
So maybe it’s time for these plans to start performing under the theory that ‘What Goes Around Comes Around’ or ‘The Last Shall Be First’? Let’s not close our eyes to Mr. Grandich’s comments that the stock market will likely go no place for years.
So what might be a suitable college accumulation program avoiding the inherent volatility in common stocks and bonds? You may want to consider a conservative strategy to at least preserve the savings investment and probably generate some gains, depending upon the child’s age.
In that regard, perhaps 1/2 in Bank Savings accounts and the other 1/2 in Physical Gold – American Eagles. If you want to add a 529 College Savings plan, Vanguard probably has the best products with low cost and a broader range of investment options, available ‘On Line’.
Out of HNU already, couldn’t resist the quick 15% in one day. I will be looking for another entry point in the near future. For people who like to gamble try the Nat. Gas lottery in HNU or HND. It happens every Thursday at 10:30 am. It is kind of like black and red. Good luck.
Ryan