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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (48007)	12/22/2005 3:28:32 PM
From: ild	Read Replies (1) \| Respond to of 110194

Date: Thu Dec 22 2005 15:56 trotsky (Earl@NCEM float) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved about 6.9 million shares, and shrinking ( they're buying back stock ) . that makes it relatively illiquid, but naturally should also make it prone to big gains one of these days. Date: Thu Dec 22 2005 15:54 trotsky (James@Hayes) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved at one stage he was a contrarian who dared to weigh in against the conventional wisdom in the tech stock bubble heyday in spite of being employed by a mainstream outfit at the time, but he has lost this distinction long ago. he strikes me as a fairly uncritical stock shill nowadays, indistinguishable from hundreds of others populating WS. Date: Thu Dec 22 2005 15:48 trotsky (Knapper@cyanide) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved i must admit my knowledge of things chemical is rather limited, so i wouldn't know about this. as far as i'm aware though too much is made of the toxicity of cyanide compounds used in gold mining. the stuff degrades fairly quickly when exposed to sunlight in tailings dams. of course it's usually still bad news when the levee breaks. Date: Thu Dec 22 2005 15:39 trotsky (funny) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved we don't hear much of the "$6 rule" anymore, do we? which suggests that such a rule never existed in the first place. rather, $10 is now the same percentage that $6 represented back at the 300 level. there is however one rule. the daily limit on GC futures. it's $75. Date: Thu Dec 22 2005 15:22 trotsky (@picks and shovels) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved well, not really. rather, cycanide, made by NCEM. the company is now investigating the production of calcium cycnide ( widely used in SA's gold mining industry ) in addition to sodium cyanide, which suffers from the problem of using natural gas as a major feedstock ( the problem becomes evident when looking at an NG chart ) . trading at $6.60 recently, paying 24 cents in dividends annually, and sitting on over $2 per share in net cash. no debt. and of course the prospect of increasing demand for its product, as gold mining gets ramped up. it's almost a widows and orphans stock considering its lack of volatility, and while you wait for it to move, you get paid the dividend and know the downside is limited by that big wad of cash ( management's biggest problem : what to do with it ) . Date: Thu Dec 22 2005 14:47 trotsky (surfer) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved waiting for GATA? that'll be a long wait, as i can guarantee you they will remain bullish no matter what happens. they're basically the anti-Prechter. Prechter will likely remain bearish no matter what happens. now if he actually turned bullish, that would be a heads-up to look at least for a big correction. he has just moved his gold goal posts for the 7th time i believe. Date: Thu Dec 22 2005 14:30 trotsky (Hambone@copper) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved the net long position of big speculators in the copper futures has shrunk to its lowest level since early 2003. at this stage, i'm not sure if that's good or bad. if it is merely due to year end position squaring, then i guess it's not a problem, as they will be back. note though that this net position has been in a downward trend for several months now - iow, it looks more like a gradual reassessment of the market's outlook. otoh, copper remains in backwardation and obviously its uptrend remains perfectly intact so far. the rally has already exceeded every single historical predecessor in terms of extent and durability. w.r.t. said predecessors, note that they all have ended up giving up the bulk of their gains once they have ended. Date: Thu Dec 22 2005 12:59 trotsky (goldfish) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved that's exactly what the tech bubble-heads told me at Nasdaq 5000. they erroneously believed that the fact that the bubble had not burst YET somehow proved that it never would. a costly error indeed.

To: ild who wrote (48007)	12/22/2005 4:20:48 PM
From: chainik	Read Replies (1) \| Respond to of 110194

Good timing (gold), congratulations. What's really nice is that while POG is down about $40 from the top, HUI is within a point from the high for the year, and many juniors are very strong (up >10% in the last two days). IMO it is likely that juniors might see some silly gains in the next month or so, especially those which were under tax selling pressure. Sometimes I wonder whether instead of following the markets every day one should put most of the portfolio in HUI/GLD and do something more productive for the next three years. As long as mudilka is in the house, gold is likely to go up.