My engagement with Hawthorne Gold and Apella Resources has come to an end.
I think it’s fair to say that Hawthorne Gold has so far not lived up to the billing we thought it could. It may be a tax loss sell candidate and therefore be under some pressure for the balance of the year. The projects are still worthy and unless one needs to take a tax loss, holding on into early 2010 isn’t that bad of an idea.
Apella Resources has done well especially when you consider as such a low priced stock the handicap of dilution is paramount. They seem to have come up with a plan the market likes based on the recent jump in the share price on big volume. The projects are company makers and there’s nothing I would like more than to see them grow and prosper.
I guess he won’t be running for Nadler fan club President either
Two guys who got it right on gold interview
Re: Nadler Counterpoint
At the bottom of the argument against Nadler the writer also suggests that global warming is a conspiracy also. I don’t think the world is cooling as he believes. Pity he didn’t put that acorn at the top, to put his analytical skills in perspective. I believe this transferance of financial conspiracy theory to environmental conspiracies is absurd and speaks volumes about these blokes. In for a penny in for a pound, all hail Area 51!
This is about money. My money. Your money. THEIR Money, ooooh. I’ve said it before, I;ll say it again: Nadler is top shelf for a balanced report on gold vis-a-vis the bulls. (In regard to money; time is money; waste of time/money reading that fool.)
Southern Cross
Southern X…….you need to see a psychiatrist…….
Thanks Jeff, I’ll take that as your counterpoint, and alter my investing strategy to suit.
Don’t misunderstand, I firmly believe gold is in a secular bull market, but I don’t want to be caught on the wrong side of the trade when/if the USD temporarily rallies, ie. a counter trend in a bear market, or bull rally in a bear. Perspective, balance is what I search for.
Comments such as yours reveal a one-sided, dogmatic approach which I don’t subscribe to. But hey, we’re both in the market and have detailed our strategies. Again, thanks for your insight into me, and showing your own depths of reasoning, moving this debate along.
Soutnern X
There’s a very good Chance Southern X is Nadler himself.
please don’t let a great board degenerate by personal attacks, condecension, or unfounded accusations … Peter is very anti-censorship so we all owe him our best efforts towards keeiping this board civil.
the prophet
Don’t misunderstand, I firmly believe gold is in a secular bull market, but I don’t want to be caught on the wrong side of the trade when/if the USD temporarily rallies
(Southern-X)
And how’s Nadler going to help you not to be caught on the wrong side of the trade? Byt having a 100% incorrect record on Gold?
As Jeff said, go see a psychiatrist…… really…..
Southern X makes a valid point (and humorously, in contrast to his attackers). No trade is a sure thing and if you only read those that agree with you, it’s easy to get blindsided by new circumstances. When someone like Roubini scoffs at the idea of gold at $1,500 I would like to hear that opinion.
There are no valid points about Nadler. He’s a jackass who has been dead wrong for years and yet has the balls to call other people names. Anyone who can find something of value from him is even more a loser if that’s possible.
I have made this point before. Nadler and others like him are useful in that we are able to see and evaluate the other side of the argument. I would be much more concerned if these points of view were censored from the debate. Consider Thursday’s news of a possible Dubai World default. For a few moments gold was taken down $60. What if that Black Swan had wings or if some future Black Swan has wings – gold could swoon big time in a blink and perhaps not recover in another blink. Heeding the warnings of the perma bears has the function of keeping us alert and constantly reevaluating our position. Nadler mongers need to see him as a paradoxical kind of asset (not an ass).
Tom, you can follow Nadler and lose $$$ and I follow Peter and make $$$
To each his/her own…
Britian next??????????
http://www.dailymail.co.uk/news/article-1231563/Is-Britain-brink-financial-armageddon.html
We’re very bullish on the long-term for gold and for the gold producing stocks and the whole sector. But, I think the shake-out here will include gold stocks
(Bob Hoye)
On The Track Of $20,000 + Gold
- And-
Dollar Bubble (Posted Video)
Anyone recall my recent calculations projecting $20,000 – $60,000 within 15 years? The crackup will be here in just a few years in my opinion. Economic devastation will lead to the hyperinflation before very long where velocity picks up tremendously and people flee the U.S. Dollar into anything that might hold value or be of use. That’s what happens when a currency is no longer a store of value.
That powerful video presentation under the heading, ‘Dollar Bubble’ is the economic justification of why Gold is heading to unbelievable levels.
Hyperinflation in Zimbabwe destroyed the currency and forced the country onto a defacto Gold Standard. An ounce of Gold probably fetches Trillions of currency units. That’s our destiny, but I’m too cowardly to say that Gold is heading to a Trillion Dollars per oz. out of fear of ridicule. So keep expectations reasonable – $20,000 to $60,000 per oz.
I don’t expect that degree of hyperinflation.
I expect that, at some point (unfortunately a point where we have to face a lot of pain dealing with the issues that David Walker articulates,) we’ll get a government that takes debt and deficits seriously, along with a Fed chief like Paul Volcker who will jack up interest rates for an extended period of time.
At some point we have to pay the piper. Or else.
Randy IMO … It’s too late … jacking up interest rates will be counter productive in that debt holders … which is everyone (thanks to the massive defcits of recent/future years) will be hurt badly.
Those who hold debt will be decimated, those who don’t will be decimated through tax to pay off the debt, leaving only those who managed to get out into gold/silver now and can surreptiously move it out and those who received massive bonuses so they can survive the devestation.
orgy
Hey!!
As a shareholder of Hawthorne Gold i will be buying anywhere under .30 cents , Hawthorne has top management and gold is on the up side for the long term .
Now for knight Res. i see Joe Dwek management consultants got in on the privite placement for aprox. 20 ,000 000 shares.Did you get in on this Peter…Or should i be asking.. New here and love the site.
From: truenorth99
Sent: Sunday, November 29, 2009 1:36 PM
To: Grandich, Peter
Subject: Nadler in San Fran
Hi Peter, faithful reader here. Just thought that you might find this a bit amusing.
I was at the Hard Assets conference in San Francisco last weekend. Jon Nadler was one of the guest speakers. He put on a classic, yet predictable, display of pomp and arrogance.
Basically, in order to advance his agenda, he used the bully pulpit (podium) to draw a parallel between gold and religion. He was using religious history and symbolism to bash the gold bulls — religion of gold, fetichism of a false god, alchemy, the money changers in the temple, 10 false Commandments of gold, the gold evangelist (gold bulls), the prophets of doom aka prelates of the religion of gold (eg Casey, Faber, etc), tempters of the flesh, chronicles of the gold faith, heretics and judases (ie those, such as Nadler, who do not abide by the rules of the Viennese Vatican), and the agnostics –> Nadler.
It was quite the display. Those folks in the audience that do not know Nadler either scratched their head or walked out of the room. He was trying to be shocking and provocative. He succeeded with a few, but not with me.
The irony is that, a few hundred feet away, Kitco had a booth and was taking orders for gold bullion. Talk about hypocrisy and money changers in the temple…
Keep up the good work!
tn99
I, as Org… also don’t want this board to degenerate. My only intention was to cite an analytically supported bearish viewpoint on gold, and; to use, dialectically, the two to go forward, rather than be coralled by an orthodoxy.
No one, including Nadler and Mr. Grandich, is 100% right or wrong. However, when one looks at a graph tracking gold from 2001 or so Nadler is mostly wrong, but it’s those times when he’s right (not meaning Mr. Grandich is wrong in a short time span) that one can preserve capital to get into the next leg up. In other words I’m not a perma bull or bear. Mr. Grandich, in fact, had made a similar point this past March concerning the more general market. A perma bear wouldn’t buy, maybe short, and certainly not make money in the greatest bull rally in a bear market. He humbly underlines his own, in my opinion, great skills in looking ahead, by saying, “people who read crystal balls better get used to eating broken glass.”
All I’m attempting to do is overlay a rational schemata incorporating the vagaries of the gold market (Comex, etc.), and the risks associated with where I deploy my money, ie. risk evaluation, strategy, timing… Here, my areas of focus are notably: a) what mechanisms the Fed will employ to attempt to prevent inflation; b) will gold, if crash 2 comes be considered a safe haven over the USD; c) everything under the sun…
Remember, even a gold coin has two sides.