aussiebear Posted November 18, 2009 Author Report Posted November 18, 2009 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted November 18, 2009 Author Report Posted November 18, 2009 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures
aussiebear Posted November 18, 2009 Author Report Posted November 18, 2009 Movement limited at this stage. All Ords +0.4% with Gold out in front, +1.6% followed by IT +1.3% and Miners/Materials both +0.8%. The only red sector is Consumer Discretionary -0.2%.
aussiebear Posted November 19, 2009 Author Report Posted November 19, 2009 From I can gather, the gold mining business is not very profitable even at these prices As James Sinclair has pointed out a lot of gold miners hold derivative contracts which limit their profits.I can't remember the numbers exactly, but ABX issued something like 4 bil in new stock and sold another bil in bonds and took a 6 bil writeoff on their hedgebook. recently. Is that a lot? Probably an indication that the gold price will head higher. When I speak of spec miners I don't mean the companies that have an actual gold mine but rather those that are holding a bunch of claims that may or may not contain mineralization. As Dharma mentioned, the usual follow on is mergers, acquisitions and joint ventures. I don't trade any stocks over $1. Best ones are under 10c. Fantastic leverage
Rationalize Posted November 19, 2009 Report Posted November 19, 2009 Probably an indication that the gold price will head higher. When I speak of spec miners I don't mean the companies that have an actual gold mine but rather those that are holding a bunch of claims that may or may not contain mineralization. As Dharma mentioned, the usual follow on is mergers, acquisitions and joint ventures. I don't trade any stocks over $1. Best ones are under 10c. Fantastic leverage * Not leverage. Volatility. I quit contemplating the manipulation long ago. As far as I am concerned, to me that's all the market is about, extracting money from it through trading. As disgusting as the markets have become, they are what they are and there is nothing I can do to change that, so I might as well figure a way to benefit from it. If you know that the markets are being artificially inflated, you might as well take advantage of it and get some and by getting some, you are protecting yourself, family and friends from the horrible consequences of market manipulation and crack-head speculation when it ends in flames. Great perst PD. Game it, or be gamed by it.
DrStool Posted November 19, 2009 Report Posted November 19, 2009 Latest Story Change in the Wind – Professional Edition November 18, 2009 By Lee Adler Cycle based stock screening data weakened across the board on Wednesday. This could be a significant signal Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
DrStool Posted November 19, 2009 Report Posted November 19, 2009 Radio Free Wall Street 11/18/09 Aaron Krowne joins Lee Adler to discuss the current state of the housing market and the future of Fed efforts to prop it up. Another crisis is brewing. Not a subscriber? Click here to hear a free excerpt. To subscribe and hear this podcast right now, click here! Radio Free Wall Street 11/18/09 [42:28m]: Play Now | Play in Popup | Download (29) Subscribers, click player to start.
aussiebear Posted November 19, 2009 Author Report Posted November 19, 2009 * Not leverage. Volatility. Maybe leverage was the wrong word. What I meant was that it's a lot easier to make 10% on a 10c stock than on a $20 blue chip.
aussiebear Posted November 19, 2009 Author Report Posted November 19, 2009 An uptick at close but that's about all one could say for today's action. All Ords closed +0.2% with fairly ordinary gains in Gold +0.8%, Financials +0.6% and Miners/REITS both +0.5%. On the downside Utilities -1.2% and Consumer Discretionary -0.9%. Nothing on fire in Asia: China flat, Honkers -0.5%, India -0.6% and Nikkers -1.5%. On to UK/Europe: Footsie DAX CAC 40
Drano Posted November 19, 2009 Report Posted November 19, 2009 Sign found in Beijing, China. Do they carry pet supplies too?
alceringa Posted November 19, 2009 Report Posted November 19, 2009 Young man, are you listening to me? I said, young man, what do you want to be? I said, young man, you can make real your dreams. But you got to know this one thing! No man does it all by himself.
Rationalize Posted November 19, 2009 Report Posted November 19, 2009 Maybe leverage was the wrong word. What I meant was that it's a lot easier to make 10% on a 10c stock than on a $20 blue chip. Agreed ... Also -- A breach of ES 1100 might be interesting. More muppets.
Lemur Posted November 19, 2009 Report Posted November 19, 2009 Ok went short silver again at the 5 min 900 back kiss. I must be a sucker for punishment. I am also still short GG from last week. Meanwhile, it looks like the dollar may finally have a good day but it will have to get past the NY opening first.
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