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Charmin

Monthly Digger - August 2010

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Whas it not the exact time of the FOMC announcement?

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Whas it not the exact time of the FOMC announcement?

Just about the same time. Not that is matters as trading consists of computer vs computer and are pre-programmed to react to news. Have to wait for vacations to end before some real sentiment forms (next month).

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I am halfway down to my Monte Carlo prediction for HUI . Would not be surprised if I were right and this time I got 12.5% cash :rolleyes:

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tony robbins chimes in

http://business.tonyrobbins.com/78/an-important-note-of-caution/

still awaiting the 15 week cycle low . this is week 13/15. curious to see if the recent gold lows hold?! dr. Pinocchio , if i heard him correctly , the new floor for fed debt is 2trillion. the banksters, have been getting long, and i expect that @this low , they will be long for the ride

armstrongs latest. starring into the abyss

http://www.martinarmstrong.org/files/Staring-into-the-Abyss-7-31-2010.pdf

 

john hathaway

http://webreprints.djreprints.com/2467711363988.pdf

dharma

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I don't think the manipulators want to paint a chart with higher lows. Capping spot seems to be no problem but they make the instant price affordable and buyers abound just below the capped price.

 

Paper in miners suffers but the physical they mine holds. Funny, both are still undervalued.

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Stan Barti Interview

 

I like 4 that he mentions: AMC.TO, CRK.TO, AVR.V, and SUE.TO (they are nestled with "Barrick Gold Corporation (NYSE:ABX; TSX:ABX) has Lagunas Norte on one side. On the other side is the Yanacocha mine, which Newmont Mining Corporation (NYSE:NEM) operates.").

 

I rolled SPY put profits into AMC.TO (.138 U.S.), purchased back RML.V @ .18 (sold @ .21), more MTO.V (.47x) (have lots despite slimy management), and bought 10k lotto tickets of ATW Gold @ .047 (recent agreement with Mutiny Gold gives them opportunity to have a pulse again. No debt, steady cash coming in from 70% sale of property, Mutiny paying for all development & exploration).

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If $1215 breaks (er, when)...look out above.

 

Timely buy on Rusoro...volume over million shares today.

 

Beautiful double-bottoms on MANY junior gold stocks (AMC.TO, HGC.V, RML.V, MDN.TO, etc.).

 

Detailed Quote for Rusoro Mining Ltd. (RML:CA)

$ 0.22 0.045 (+25.71%) Volume: 1.08 m 11:49 AM EDT Aug 12, 2010

 

Review HL consolidation pattern from the 70s.......

 

edit: Rusoro back to .20, over 2m shares now.

 

edit: BTW: Rusoro able to export 50% of gold now, up from 30%. http://www.eluniversal.com/2010/08/12/eco_ava_gobierno-aumenta-cuo_12A4328651.shtml

English version available: http://af.reuters.com/article/metalsNews/idAFN1211399820100812

 

Also: http://www.bloomberg.com/news/2010-08-12/chavez-s-gold-export-rules-may-allow-rusoro-to-quadruple-ore-output-by-13.html

 

Another positive: "Rusoro reached an agreement with the Venezuelan government that will allow it to exchange up to $350,000 a month at 4.3 bolivars to the dollar, Agapov said." (prior to, they were forced to exchange at ~5.3).

 

Management is striking the greed chord again..I bet it'll work as gold gets into a frenzy: "Rusoro, based in Vancouver, will seek to expand annual production in Venezuela to 600,000 ounces by 2013 from 150,000 in 2009 following the change, Agapov said."

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There are things about gold I don't like short-term but we'll see if they come to fruition. Quite awhile ago I said this move could take us above the 50. Back then this is where I was looking for it to stall. This may still be the case. Also, look at the pattern we've created the past week. A plateau followed by today's surge. This, with no follow-through, gets ugly to the downside. So let's pay attention to what happens next..it'll be big. If down, it'll be a beautiful setup into seasonal strength. If not...yikes, we're going to run..

 

edit: NEM still not participating much.

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