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Charmin

Monthly Digger - December 2010

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I've often hated to hear people say we're "moving forward" when it comes to making progress. It seems lately that some will not let up on moving mining stocks forward. 2010 is almost over - let's make the sparks fly upward.

 

Just a few:

NGD

RBY

SLW

UXG

HL

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we have come a long ways from the psychology of 29 in this country. there are no longer statesman(few any way)there are only politicians. the expedient thing to do is qe. the western world is dancing to that tune. gold is purchased as a store of value. to protect ones purchasing power.

if one takes a look @edwards and magee the examples they use for h&s patterns span months. and yet we have a painted h&s looking top in the gold market. needless to say, i have my doubts about the validity of the pattern. until new highs are made or we take out 1315 we are in a trading range. in bull markets, the expectation is for the tr to be broken to the upside. i am in that camp. december is iffy to me. meaning the range will be continued, but january is a bullish story. i am fully positioned. and patiently waiting for the bullish resolution.

the gdxj/gdx ratio is favoring the more speculative miners(gdxj) so speculation is dominating. and silver is gaining more than gold, a confirmation of that fact. speculation can continue for awhile longer.

if the broads have topped, and start down in earnest , will that affect gold/miners/silver. in my experience its not a good idea to bet against declining broad market. that sucking sound will bring everything along w/it. unless this time is different!? now a wise speculation!

bonds are an interesting subject. they offer no to little return and the debts and deficits keep mounting. @some point in the not too distant future i expect to start the rising rate cycle. rising rates are gold bullish. its an admission by govt that inflation is higher than they are paying bond holders(the suckers in the game). i will start to buy bonds when and only when they offer juicy returns on money. in 84 i tried to buy munis into the lows and i couldnt find a dealer that had any inventory. those folks have been getting 15% on their money for almost 30years now+appreciation of the bond. not bad for doing nothing!

most of the time markets do nothing. this phase should be short lived here. make no mistake, i think this pause will result in another run. i am not happy about it , but the world is printing away. the party of the deficits and the mcmansion life style will be paid to the piper.

i added fvitf and ussif on weakness. and am done for now

dharma

i have the 8th as a significant date

 

w/the loss of gm, and few posting . this board is becoming less and less inspiring to me

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Got a major pivot date from now till Tuesday.

I'm so tempted to start shorting.

 

Anyone subscribe to John Doody? PM me?

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Got a major pivot date from now till Tuesday.

I'm so tempted to start shorting.

 

Anyone subscribe to John Doody? PM me?

yup , its the road to riches in a bull market

dharma

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I bought 15000 shares today at US$.392 and sold half at US$.70.

70,526,884 shares traded today.....almost the entire float.

 

Also bought EVG.v Evolving gold at US$1.08 which had similar results on an infill drill hole from their Rattlesnake Hills property in Nevada.

 

Evolving Gold Intersects 405.4 Meters at 1.31 gpt Gold at Rattlesnake Hills

Wednesday December 1, 2010, 9:00 am EST

Includes 50.3 Meters at 5.87 gpt Gold

http://finance.yahoo....html?x=0&.v=13

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Going to be interesting with Congress and tax increases or not the next few weeks. Idiots for waiting so long to make a decision one way or another. I guess even computer programs have to take profits before a tax increase albeit done in microseconds during the sell/buyback. Not so much the little guys.

 

Was going to look for bargains with what cash I have left.

 

That's some serious movement in silver, gold more or less steady on up. I'd watch the $1420 area for any sign in a pullback. If not, hold onto your hats.

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