Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (53256)	11/21/2007 9:20:30 PM
From: Sailing2	Respond to of 78421

Gibberish is right. ALL the oil off California would supply the U.S. needs for about 20 days at the current 21 million barrels a day. It would supply global demand for about five days!

To: Metacomet who wrote (53256)	11/21/2007 11:44:36 PM
From: Gib Bogle	Respond to of 78421

He sure has a way with words: "anachronisms" for "acronyms", "armature" for "amateur", "VENESWELA" for "VENEZUELA". :-)

To: Metacomet who wrote (53256)	11/22/2007 12:31:18 AM
From: Proud Deplorable	Read Replies (1) \| Respond to of 78421

Global Financial Debacle Accelerating. Are you Prepared? Author: Jim Sinclair Dear CIGAs, My Thanksgiving gift to you is preparedness. Those of you who have or are taking the appropriate measures are acting in a positive manner meeting their personal, family, and business duty. Rather than finding relief, the credit crisis is accelerating. When European Banks agree to suspend trading in mortgage debt there is good reason to accelerate your preparations. It tells you without any doubt that the mark to market that has developed the many billions of write- downs by financial institutions are still mark to computer models that are cartoons. How do you mark to market when in fact there has not been a market for a significant period of time? There is still so much financial pain coming and the domino effect has only just started. The US dollar is in a free fall and has been since the USDX was above 120. Now it is headed to .7200, which could easily occur next week. Face it, this is a meltdown and an implosion of the foundation of the world of finance called the credit market. The implication to business and life itself is dire. Since we live in an “alarmless” society, a body economic that has no pain sense, it is still not obvious to the many. It is to you. THIS IS IT! Gold is headed to $1,050 faster than you can imagine. Expect a battle there, but only for a short period. After $1,050 gold will rocket to $1,650. The US dollar at .7200 has always been only my first downside objective. We are blessed to know this, why this is happening, what measures should be taken and most importantly what to avoid. Don’t ship your gold and silver to some depository that you have no idea about. Do not assume because some gold guy suggests it, that it has to be good. Get out of the Internet financial entities. Be sure wherever you are that you get your paper certificate. Scams are popping up all over the gold field. Be very careful of those you do not know. The precious metal shares will certainly perform, definitely those that have not invited the hedge fund short sellers to run large riskless short positions in their company by taking money from hedge funds. Hedge funds are not philanthropic. They demanded huge option and warrant positions plus deep discounts and prompt movement to freed and tradable shares. This allowed them to be short without risk, and the hedge fund managers still are running those positions in many PM companies. That weakness has moved across the board, holding back the group. That weakness has very little life left in itself as gold running at $1,050 is going to bring new interest into the field, keying off technical buying and thence short covering. Not only did the gold and silver mining geniuses screw up in short of gold and silver derivatives, but precious metals companies without any alternative took money from hedge funds (the devils) in the form of: Private investment in public equities (PIPE) Private equity deals in which major investors purchase substantial amounts of the stock of public corporations, generally at significant discounts to market prices. PIPEs are especially popular during periods when financial markets are difficult to tap for public funding.