Moon Man Posted October 1, 2004 Report Share Posted October 1, 2004 This is from Old Habits his post yesterday.... Under a 1971 agreement, most IMF gold is valued at just $40 an ounce, or one-tenth of current market prices. The IMF holds 103.4 million ounces of gold, one of the biggest gold stocks in the world, which is valued on its balance sheet at $8.5 billion. Global development group Oxfam has estimated that revaluing the IMF gold would raise around $32 billion for debt relief. Link to comment Share on other sites More sharing options...
traderfromhell Posted October 1, 2004 Report Share Posted October 1, 2004 Near a 3 month support in the buck. Obvious support if 87 goes is 85 which has held any declines in check for some time. Link to comment Share on other sites More sharing options...
traderfromhell Posted October 1, 2004 Report Share Posted October 1, 2004 Very interesting bottoming pattern last five or so days. Link to comment Share on other sites More sharing options...
traderfromhell Posted October 1, 2004 Report Share Posted October 1, 2004 This is a gravestone doji. Doesn't mean the move is over but not a positive candle by any means especially with the divergences. Really if you weren't long before yesterday were you paying attention? Some consolidation should be expected in the miners and the metals from these levels. I would buy the breaks we should get from here. I think a mojor move up is in the near future after some consolidation. TPTB will be defending their positions. It feels to me like the jig is up but they won't go down w/o a fight. Link to comment Share on other sites More sharing options...
plantigrade Posted October 1, 2004 Report Share Posted October 1, 2004 (CFTN) Very interesting bottoming pattern last five or so days. Yep, ominous. Bought below 0.90. Clifton's subsidiary also makes that wonder Silver medication. Link to comment Share on other sites More sharing options...
DrStool Posted October 1, 2004 Report Share Posted October 1, 2004 In the Top Zone Move Goes Parabolic Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Guest Posted October 1, 2004 Report Share Posted October 1, 2004 about 3 days ago I noticed and posted t\about the huge volume (150K) volume into the super low float (7MM) Copper company LCC , with no change in price ($3.62). Today the stock price is $4.30 Glad I bought more of it then. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted October 1, 2004 Report Share Posted October 1, 2004 DJ Brazil's CVRD To Propose $250M Extraordinary Dividend 10/01/2004 Dow Jones News Services (Copyright ? 2004 Dow Jones & Company, Inc.) SAO PAULO (Dow Jones)--Brazil's Companhia Vale do Rio Doce SA (RIO), or CVRD, announced late Thursday that it will propose to its board of directors on Oct. 13 the payment of an additional $250 million in dividends to shareholders this year. In a statement, CVRD said it will disburse to shareholders on the same date the second half of its scheduled $550 million minimum dividend payment for 2004. That means shareholders will receive $275 million, or $0.24 per common share. If the extraordinary $250 million dividend is approved, shareholders will receive an additional $0.21 per common, or preferred, share. CVRD pointed out that this year's $800 million dividend payout will be 18.5% higher than the $675 million the company paid out last year. CVRD, the world's biggest iron ore miner and exporter, is flush with cash thanks to strong demand and rising international prices for its ore. RIO Dividend news Great call on LCC Hadjin, I have been meaning to post that the last two days. Nice work! Link to comment Share on other sites More sharing options...
Guest Posted October 1, 2004 Report Share Posted October 1, 2004 Anyone have any thoughts on HEC ? I'm holding it and it really has been a non performer during the Oils/gas run. Not ready to let it go, but would appreciate anyones observations. Thanks. Link to comment Share on other sites More sharing options...
traderfromhell Posted October 1, 2004 Report Share Posted October 1, 2004 Anyone have any thoughts on HEC ? I'm holding it and it really has been a non performer during the Oils/gas run. Not ready to let it go, but would appreciate anyones observations. Thanks. Between Calandra and Bush you got no chance. Link to comment Share on other sites More sharing options...
Guest Posted October 1, 2004 Report Share Posted October 1, 2004 what's up w/cau? is it a buy here? thoughts are appreciated! tia dharma Link to comment Share on other sites More sharing options...
traderfromhell Posted October 1, 2004 Report Share Posted October 1, 2004 No like. Link to comment Share on other sites More sharing options...
Guest Posted October 1, 2004 Report Share Posted October 1, 2004 Thanks for the input Link to comment Share on other sites More sharing options...
Moon Man Posted October 1, 2004 Report Share Posted October 1, 2004 Hadjin, nice LCC call indeed. Also your PAL call was right on the mark. With regards to HEC, it seems a real popular stock with punters, but I have no idea to be honest. Dharma, I've been looking too into CAU. It seems though as they had some filing problems of SEC documents. This shouldn't be a huge problem, but may still be weighing down on the stock. But better check yourself. http://biz.yahoo.com/prnews/040930/lath016_1.html http://biz.yahoo.com/e/040930/cau8-k.html Link to comment Share on other sites More sharing options...
Guest Posted October 1, 2004 Report Share Posted October 1, 2004 thanks mm, cau has long term support @ 3.66 which is .382 of 5.37-.91 and there is other support #s in this area. also, on an hourly chart. the rsi is diverging. i am going to take a shot at it here. dharma Link to comment Share on other sites More sharing options...
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