[aussiebear]

Sign found in Beijing, China.

[aussiebear]

http://finance.yahoo...lindices?e=asia

[aussiebear]

http://money.cnn.com...s/morning_call/










http://www.kitco.com



http://www.kitconet....ase_metals.html

Energy futures

[aussiebear]

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]

cwd, on Nov 19 2009, 01:48 AM, said:

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]

aussiebear, on Nov 19 2009, 10:10 AM, said:

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.

psyche doctor , on IDS Yesturday, said:

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]

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[DrStool]

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[psyche doctor]

[aussiebear]

Rationalize, on Nov 19 2009, 10:29 AM, said:

* 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]

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]

aussiebear, on Nov 18 2009, 05:27 PM, said:

Sign found in Beijing, China.

Do they carry pet supplies too?

Attached image(s)

• 

[alceringa]

70's Interlude-YMCA

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]

aussiebear, on Nov 19 2009, 03:27 PM, said:

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]

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.