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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (11356)9/2/2008 11:40:42 AM
From: Proud Deplorable  Read Replies (1) of 50101
 
"I'm buying very selectively here. And what I am buying is
junior/explorers now priced as options (without expiration),
and long dated calls and leaps in the majors -- buying time
with highly levered upside."

Try ARU today. If the Kinross bid fails which everyone I know expects, it could be a good purchase here in the 5's or it it hits the high 4's a steal

20 million ounces of gold and the CEO of ARU got outsmarted by their "friends" at Kinross.

Here is a video explaining it all. Watch carefully the subscript at the very end as it shows where to get good information on this. I think it is worth 20.00/sh

youtube.com

BTW here is Bill Cara's comments on the link above

"
.......The Goldminer stock group indexes lifted a tad this week: $XAU +0.26%, GDX +0.13% and XGD +2.50%.

As I pointed out a week ago, “For the most part this was a Dead Cat Bounce, and the start of a cycle bottom process where the final bottom will be found over the next three months I believe.”

The 50-day MA for $XAU is 168.94 and the 200-day MA is 178.13, and both are falling. It was several weeks ago when the negative cross-over occurred that I became a believer that the Bulls had it wrong.

Nobody ever claimed that the junior gold market isn’t exciting, but now we taken things to a whole new level. This video clip is a must-see. This is actually brilliant improv, putting comedy up to the level of tragedy.

As a trader, I seek to avoid both."
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