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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (3365)	11/14/2003 3:40:06 PM
From: jimsioi	Respond to of 108672

COTS - little change... Not much movement one way or the other in Silver and Gold...slight reduction in net short positions in GOLD for the commercials...They weren't selling heavily prior to the rally this week is about all I can deduce. cftc.gov

To: jimsioi who wrote (3365)	11/14/2003 3:49:34 PM
From: jimsioi	Respond to of 108672

Added some RANGY and GOLD Rangy has managed to break out of a long term consolidation pattern, today, with prints above $14.67, see weekly chart below...GOLD, the stock, is a more pure gold play and if they don't embark on some other overpriced acquisition gambit, the stock should participate in any further advance for low PE, low cost, non RAND, African producers.... RANGY - sells for a substantial discount to NAV, around 33%...and generally fits with my preference to buy issues at a discount to NAV in a primary uptrend...But the company is very complicated to understand and for a number of reasons does not seem to attract US institutional interest...This may change and the breakout today might be an indication of such.....or the fact the that the bears are on vacation... stockcharts.com[h,a]wbcayyay[df][pb8!c40!f][vc60][iut!ul14!ub14!lh14,3!ll14!ld20!lya7,14,28!lf]&pref=G GOLD stockcharts.com[h,a]wbcayyay[df][pb8!c40!f][vc60][iut!Ul14!Ub14!Lh14,3!Ll14!Ld20!Lya7,14,28!Lf]&pref=G

To: jimsioi who wrote (3365)	11/14/2003 4:18:27 PM
From: jim black	Read Replies (1) \| Respond to of 108672

You might be interested in teh pure gold fund Phil Spicer put together last summer, TSE: GTU.UN. I was locked out at onset for about 90 days and hence lost out on an 8+% gain. It is run by the same crew that runs CEF. I have spoken to Spicer several times. He agrees our fiat money scam is headed for trouble. Most of his investors are US vintage Americans. You can ocntact them by calling the home office and get an e-mail NAV quote daily on both funds. In last few weeks GTU.UN consistently has a larger premium. A few months ago the premium got so high on CEF it was a short candidate which I cannot do in my retirement account but several here probably made some money. I cannot remember if it was Iso or Slider who tagged it a short candidate. Spicer always seems to be a very straight arrow guy whn I talk to him and I have never gotten the impression he is bullshitting me. They have a large chunk of their family assets in both funds. We agree politically on several politically incorrect views relating to the already commenced WWIII...and the enemy is... Good luck Jim Black

To: jimsioi who wrote (3365)	11/14/2003 10:40:16 PM
From: The Vet	Read Replies (1) \| Respond to of 108672

On CEF (metal closed end fund) Premium to NAV Do you think that premium may vanish when Exchange Traded Gold becomes available. My experience with GOLD.ASX the Australian ETG is that the spread is actually closer than spot gold and there is a slight but consistent premium to spot but nothing like 8%. Because gold can be added and removed (redeemed) to GOLD.ASX so easily and for a very modest charge, it is always arbitraged by the market makers in gold to remain very close to the actual price. This close linkage to gold and silver isn't really available to CEF or to GTU.UN either for that matter. If you haven't looked at the way it is done you can find a very clear and easy to understand discussion on GOLD.ASX here... goldbullion.com.au