Official Short-term Investments Thread

[max_boost]

we all follow it, everyone's just scared to pull the trigger, including me :rofl:

[djayz]

I've pulled the trigger on HGU haha holding a huge position now I sit and wait for the run-up of GOLD which is soon to come.

Cash balance is actually sitting at a negative haha:eek:

[DJ_NAV]

what a shitty ending.

[liquid1010]

Originally posted by djayz
I've pulled the trigger on HGU haha holding a huge position now I sit and wait for the run-up of GOLD which is soon to come.

Cash balance is actually sitting at a negative haha:eek:

Margin Call?

[djayz]

Originally posted by liquid1010


Margin Call?

Nope haha I just bought so much of it that I ran my cash balance into negative. Have to cover from the pay cheque now :rofl:

[Rat Fink]

.

[djayz]

I kind of wish I waited it out, because of yesterday's drop all my positions are at a loss for the time being but I have a feeling that next week we should see a little bit of a run up in gold atleast to $800 or so. Guess I wait and see, can't take on any more positions haha.

[Rat Fink]

.

[djayz]

Lucky my lowest position is at 5.60 and it barely touched that today.
Ohh well next week should be a gooder for gold.

I went out and bought a bunch of ROK to but I'm thinking that may have been a bad decision seeing as how volume sucks on the stock.

[Rat Fink]

.

[ballah]

got a quick question for you guys...

i ve been watching a stock that has been fluctuating quite q bit lately.. i bought into this stock at $28.66.. a couple of days after, the stock dropped to $22.00 each.. the next day, the stock went up $5 to $6... and by 3-4 days after that, it was at 34bux...

soo.. i m in a delimna, i have a line of credit that has lots of room on it, should i buy in at $22.00?? my LOC is at prime... like take out like 30g's..

last but not least, the stock offers unit distribution of $0.75 per share per quarter.

has anyone been in this type of situation? i know we can t predict the market and where it is going, i need a second opinion.

thanks for your help!!

[ballah]

Originally posted by djayz
I've pulled the trigger on HGU haha holding a huge position now I sit and wait for the run-up of GOLD which is soon to come.

Cash balance is actually sitting at a negative haha:eek:

hope you re right. gold is stuck at the $720-$750 mark. i knew i should have sold when it was at $940. lol

[djayz]

^
Which stock are you talking about?

Are you willing to take the gamble?

If you can take the loss and have the balls then by all means invest it but a simple suggestion...don't get greedy.

[ballah]

^ i was thinking that i would wait until it gets up to my initial investment.

other side of things, this trust offers the unit distributions of $0.75 per quarter, i think that alone would cover my interest cost of the line of credit.

but i m worried to which way the market is going. i also don t like the fact of taking money out of a line of credit to put the cash into a stock.

i m on the fence. lol

[Rat Fink]

.

[Canmorite]

ES making new lows...:nut:

[djayz]

Hmm contemplating picking up some more hgu...wonder if it's good to take in some under 5 or wait it out to see where it goes.

[Z_Fan]

Dear Ballah,

Two years ago I was thinking the same as you! I took out $40,000.00 off a line of credit to invest in the markets.

Today, I have less than 2% of that money, and I owe essentially ALL that cash on the market. My advice, don't fuck with your LOC to put it into the market. It will disappear more often than not.

Of course, you could say the market timing was bad, etc etc. But the reality is, this ship is just starting to take on water, and it's gonna sink a lot more!

[liquid1010]

Originally posted by Z_Fan
Dear Ballah,

Two years ago I was thinking the same as you! I took out $40,000.00 off a line of credit to invest in the markets.

Today, I have less than 2% of that money, and I owe essentially ALL that cash on the market. My advice, don't fuck with your LOC to put it into the market. It will disappear more often than not.

Of course, you could say the market timing was bad, etc etc. But the reality is, this ship is just starting to take on water, and it's gonna sink a lot more!

Well said.... and the ship has plenty more water to take in.
CC Debt, Automakers, and the projected slowest Christmas season in 28 years. :drama:

[ballah]

the other side of coin, with this stock, it does offer the unit distributions... that would more than cover my LOC interest... kinda a win/win situation (the stock i want invest more into cos.un)

Z_Fan, i hope you get your money back. but i think this is the time to be buyin into stocks jus because you would be buying low (or lower).

anyone who what is happening with the oil sands? i know there is some issues with contracts..

but when will the boat start to float?? lol cause i don t want to miss it. lol

[max_boost]

Originally posted by Z_Fan
Dear Ballah,

Two years ago I was thinking the same as you! I took out $40,000.00 off a line of credit to invest in the markets.

Today, I have less than 2% of that money, and I owe essentially ALL that cash on the market. My advice, don't fuck with your LOC to put it into the market. It will disappear more often than not.

Of course, you could say the market timing was bad, etc etc. But the reality is, this ship is just starting to take on water, and it's gonna sink a lot more!

Dear Z_Fan,

I know what it's like. I wrote myself a cheque for $25K for my cash account in early 2007. When it got down to $8K, I said enough is enough and sold what I had and put it back into the LOC. In addition, my RRSP portfolio is down 40%.

Moral of the story: Only gamble what you are willing to lose!

Because of this lesson, unless I am absolutely positively sure an investment is going to work, the LOC is untouchable. The LOC is tied to the house and the house has always been untouchable. If I don't have cash to invest in it, then I guess I will miss out! ha!

[liquid1010]

Originally posted by ballah
the other side of coin, with this stock, it does offer the unit distributions... that would more than cover my LOC interest... kinda a win/win situation (the stock i want invest more into cos.un)


What happens when the distributions are cut? Which is a strong possibility. Oil sands are NOT the place I would want to be in.

Also - the dist's are minimal in contrast to losing the principle....

[Mckenzie]

Originally posted by liquid1010


What happens when the distributions are cut? Which is a strong possibility. Oil sands are NOT the place I would want to be in.

Also - the dist's are minimal in contrast to losing the principle.... :werd:

I'd be leary of an oil sands investment that pays out higher distributions than a line of credit interest rate. The risk to the principal is very high considering the current climate, especially to the newer developments / ones under way.

I would say the risk to cutting distributions is even higher considering the current credit crisis. Credit / cash is very tough to come by and I can safely say that many clients I know, public and private, are in serious trouble with respect to generating cash. Cutting distributions is probably the first evasive manoeuver to avoid cash catastrophe and when that happens, a 25% to your principal would not be surprising.

Just something to think about...I think the safest return you can earn is paying off debt! (If you have any).

[Rat Fink]

.

[Z_Fan]

Tomorrow is gonna be a fuckin' slaughter.

And I'm never getting my money back. It's gone now and the debt will be paid by real work. Which sucks.

[natejj]

I'm glad I'm still young, and the amounts I'm investing/losing are really tiny in the grand scheme of things.... I'm putting most of my money on gold taking off in the next year.

[Supa Dexta]

Oil's heading to the 40's... :nut:

[bigbadboss101]

Look at Oilexco now!

[SilverRex]

oil dipped below 50

I dont care if it touches 40, I think this is a really good place to load up on

and let it sit for a couple of years.:D

[DJ_NAV]

Wow.. SU-NYSE is at 15!!!! insane!.. GS down to 52!!! holy crap!

[ballah]

Originally posted by bigbadboss101
Look at Oilexco now!


what s good bout this??

there s gonna be support soon. i think it will come soon.

i ve heard that gold is supposed to be the next big thing. lol.

funny how forecasters are saying that the US has been in a reccession for the last 14 months.lol

[djayz]

Oilexo has been halted for the last 2 days...it's either really good news or really bad news, and either way they don't want to release in this downward market.

Honestly buying into oil right now is probably a mistake, when it goes under 35 or 40 that is when oil companies and the saudis cut production and drive the price back up into the 80's.

Still bullish on gold, when we get a market rally gold is going to fly.

[BigMass]

Originally posted by djayz
Oilexo has been halted for the last 2 days...it's either really good news or really bad news, and either way they don't want to release in this downward market.

Honestly buying into oil right now is probably a mistake, when it goes under 35 or 40 that is when oil companies and the saudis cut production and drive the price back up into the 80's.

Still bullish on gold, when we get a market rally gold is going to fly.

gold has been an amazing hedge for me. Because of the relative weakness in our dollar, my gold is worth way more now than what i paid for it when gold was at $850-900/oz

[TYMSMNY]

Originally posted by djayz
Oilexo has been halted for the last 2 days...it's either really good news or really bad news, and either way they don't want to release in this downward market.

Honestly buying into oil right now is probably a mistake, when it goes under 35 or 40 that is when oil companies and the saudis cut production and drive the price back up into the 80's.

Still bullish on gold, when we get a market rally gold is going to fly.

Convert. Debenture + common share offerings have both been pulled. trading at $1.75.

[aklalani]

so who feels like shooting themselves today. god damn i hate stocks at the moment. all my stop limits filled this morning thank god but wtf

[blownz]

I would have lost less money if I would have paid cash for a 100k car on January 1st and tried to sell it today then what I have lost in investments this year. And at least I would have been driving a 100k car for most of the year instead of my car. :(

[dezmarez]

the bank stocks got rockkkkkkkkked

[rc2002]

Late day sell off is crazy!

-768 points on the TSX as of right now.

[Z_Fan]

Originally posted by Z_Fan
Tomorrow is gonna be a fuckin' slaughter.


What do I win?

[BigMass]

Originally posted by Z_Fan


What do I win?

bankruptcy? :dunno:

[dezmarez]

haha now did u use your own advice and profit from this slaughter?

[Z_Fan]

Crap, I was hoping for something other than what I already have.

Meanwhile, check this out.

If anyone has mutual funds, specifically RBC Dividend Fund, expect a major asskicking to your balance after today.

Most of these stocks in this list are the major players in the RBC Dividend Fund, and this is nasty!

http://i71.photobucket.com/albums/i141/photodump_2006/Junk/CrazyMarket11202008Close.jpg

TLM is not in the dividend fund AFAIK.

...

And no, I was gonna pull a few triggers this morning and didn't. Big mistake, as usual. But I also dumped some cash in right at Market Close and we'll see how that turns out tomorrow. Could be yet another massive mistake. But hey, if I get myself too upside down I can always declare bankruptcy. But first I'm going to have fun and be wreckless...

[max_boost]

Yes. I am a RBC Dividend fund holder. I got Royally fucked today. LOL

Oh well. Let the slaughter continue. I'm just going to save all my money and dump it in the beginning of the next bull run. :whipped:

[blownz]

$14,099.55 in that particular fund at the end of yesterday. Not a lot, but still.

Worst thing is I dumped so much of my of my spare cash into stuff months ago thinking 'how much lower can it go' and now I have nothing else to put in. :(


I am glad though that early last month when I was thinking about putting close to 30k into the market (the last of my money) my wife said she would kill me if I didn't buy a new rv or couldn't afford to in the spring so I went to a dealer and spent it all that weekend. It was a good move in the short term because that 30k would be worth way less now. lol

[max_boost]

How low can things go? Time to make money in a bear market. :D

Check this out:

Horizons BetaPro NYMEX Crude Oil Bear+ ETF (TSX)

HOD.TSX
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca%3Ahod&sid=0&o_symb=ca%3Ahod

$6 in July to $41 today.

[dezmarez]

Originally posted by blownz

Worst thing is I dumped so much of my of my spare cash into stuff months ago thinking 'how much lower can it go' and now I have nothing else to put in. :(



ya man that was me back around 10,000
there has to be a decent recovery tomorrow though? right???

[Z_Fan]

Originally posted by blownz
$14,099.55 in that particular fund at the end of yesterday. Not a lot, but still.


I used to have a lot in that fund.

End of yesterday... $13,140.62

I cashed all my mutuals a while ago, and made the mistake of buying back in. I am still 12% ahead overall, when compared to if I had done nothing. But that 12% as a $$$ amount is getting lower and lower and lower.

I have lost 39.3% of my RRSP value in the last little while here. Crazy. That was my stuff I thought was stable. So much for that idea.

As for recovery tomorrow, I hope so. But if you sit back and think about it, it CAN go a LOT lower. I see no reason why a DOW at 3500 points or a TSX at 3000 points can't happen within the next 2 months. Hell, we've lost nearly 8000 points already folks, what's a few thousand more points? It could happen very easily.

DOOM DOOM DOOM

[jazzyb]

panick mongers.

wait till febuary we'll be back to bleeding gas prices

[ballah]

so Z_Fan, you don t think are gonna be looking up tomorrow?? there has a to be a rebound period at some point in the next couple of business days..

[leec001]

TSX 7,724.76 -765.80 -9.02%
Dow 7,552.29 -444.99 -5.56%
As of November 20, 2008

Will TSX/DOW fall below 7000 points before X'mas?

[djayz]

I dream of GM filing bankruptcy and the TSX plumetting to 3000 in 5 trading days...to bad it'll never happen :thumbsdow

[natejj]

Is... is this the bottom? I want to buy... but... so scared...

[ballah]

Originally posted by max_boost
How low can things go? Time to make money in a bear market. :D

Check this out:

Horizons BetaPro NYMEX Crude Oil Bear+ ETF (TSX)

HOD.TSX
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ca%3Ahod&sid=0&o_symb=ca%3Ahod

$6 in July to $41 today.

wth?? how is this doin sooo good?? is it gonna keep on inclining??

[djayz]

People have been calling the bottom since the first day the tsx dropped from it's highs of 15k+.

Honestly there is never a bottom, even if market sentiment is good the amount of fear, and bad news coming out right now means the bottom will not be seen until there is stability. Companies are still trying to figure out how to run their businesses. Take teck cominco for example, such a large company and they have to cut distributions and restructure just to save money. Nothing or no body is safe right now which sounds cliche but it's true.

If you've got the time frame to invest for the long term you may never have an opportunity like this ever again. In the short term there are thousands of factors that are driving the market down, but in the long term there will be millions of factors driving the markets up.

Think of the world as a larger picture and you'll understand what I mean...Just a few things to think about...
Population increasing world wide, non-renewable resources being continually used regardless if we have reserves or not, countries with huge populations beginning to develop, more natural disasters etc.

They say in our lifetime we will see the effect of global warming, which means in our lifetime we are likely to see the effect of all those factors I mentioned above as well.

To those near retiring age I feel sorry for them but at the same time with the huge bull rally we had for the last 5 years I would've started pulling money out and putting it into extremely reserved investments at that time.

To those that are young...look at a 20 year TSX chart and you won't feel so bad, this will be another blip in another 15-20 years.
Infact you can't even see the great depression or any of those other market crashes on the TSX inception chart and the ones you can see you can see them being wiped out by higher highs on the TSX.

[djayz]

Originally posted by ballah


wth?? how is this doin sooo good?? is it gonna keep on inclining??

Double the exposure for one, and its a crude oil BEAR etf so when oil declines stock inclines.
If you bought the crude oil BULL etf you would be crying right now.

[Z_Fan]

Originally posted by ballah
so Z_Fan, you don t think are gonna be looking up tomorrow?? there has a to be a rebound period at some point in the next couple of business days..

I think it will be a positive day tomorrow. But I don't think it will nearly cover the losses from Thursday. If we wind up more than +300 on the TSX by close, I'll be surprised.

Trust me, I'm hoping for a huge rebound tomorrow.

[bigbadboss101]

Short term we can have a bit of a recovery but it will be a while to get back what we lost. Last month or so I am down 30%. Have OIL and GCE, TLM, TCM, YRI, BMO and others.

[Canmorite]

Asia recovered nicely, but that was weird...

[Pacman]

Wow, everything is in the green today. Feels like I'm back in the mid 90's during the dotcom boom.

[aklalani]

Originally posted by Pacman
Wow, everything is in the green today. Feels like I'm back in the mid 90's during the dotcom boom.

enjoy it while it lasts buddy. haha

[Rat Fink]

.

[Canmorite]

Originally posted by Rat Fink
Just got stopped out of my HGU position at 6.30. Made between 1 dollar and 1.30/share off my recent purchase.

Now I'll sit back and wait for this biotch to drop again.

Are you HGU'rs watching the spot price? 780 is large resistance. It broke above briefly but a retrace to 780, holding it, and another upward move would be killer.

EDIT: 787 now :burnout:

[blownz]

Originally posted by Z_Fan


I used to have a lot in that fund.

End of yesterday... $13,140.62

I cashed all my mutuals a while ago, and made the mistake of buying back in. I am still 12% ahead overall, when compared to if I had done nothing. But that 12% as a $$$ amount is getting lower and lower and lower.

I have lost 39.3% of my RRSP value in the last little while here. Crazy. That was my stuff I thought was stable. So much for that idea.


$14,099.55 to $12,988.84 in a day. Not bad...

I was so pumped at the end of last year because it was my first year topping 100k in savings/rrsps and I was trying to guess when I would hit 200k. It will be a long time though as I'm down about 40% like you. I just hope when it goes back up it goes as quickly as it went down. And I hope the bottom is on Dec 20th because that is the day my Christmas bonus goes into my account and that will be the final substainsial amount I will be able to play with. :nut:

[Rat Fink]

.

[ballah]

Originally posted by Pacman
Wow, everything is in the green today. Feels like I'm back in the mid 90's during the dotcom boom.

what stocks are you watching??

seems that today is gonna be the same as yesterday.

[DJ_NAV]

ABX, YRI are going crazy!!

[SilverRex]

Originally posted by DJ_NAV
ABX, YRI are going crazy!!

no kidding,

dont underestimate the potential for gold. history always repeat it self thats what makes us human. the bond will collaspe and next up will be a huge surge in gold prices. I've already read many article suggesting China is considering bumping their 600 ton gold reserve to 4000 ton,

:D

[djayz]

Still holding my HGU positions...might sell out of one today just to lock in some profit but GOLD has so much potential I don't want to miss out when it breaks the 800 level which it's so close too.

[Mark_Nguyen]

ERX 3 to 1 energy bull fund. Bought in yesterday at 26 and it should take off unless we have a ways to drop

[djayz]

Originally posted by Mark_Nguyen
ERX 3 to 1 energy bull fund. Bought in yesterday at 26 and it should take off unless we have a ways to drop

Damn triple exposure, that's risky haha.

[BigMass]

Originally posted by SilverRex


no kidding,

dont underestimate the potential for gold. history always repeat it self thats what makes us human. the bond will collaspe and next up will be a huge surge in gold prices. I've already read many article suggesting China is considering bumping their 600 ton gold reserve to 4000 ton,

:D

i've heard it's a done deal

[djayz]

Just got stopped out of all my positions in HGU :banghead:

Any sources or more info on this China gold reserve increase?

[Mark_Nguyen]

Originally posted by djayz


Damn triple exposure, that's risky haha.

well i figured if im going to make a call might as well go big. But for the most part i dont mind parking the money there for the long run

[aklalani]

GOLDCORP went nutz today. up close to $7. wonder if i should sell yet and take the $11.20 profit/share. bought in at $19.80. i could see it easily getting back to the $40 mark but i duno if im willing to wait

[ballah]

any predictions for monday/tuesday? what do you guys think the markets are gonna do? greens? reds? lol

[jazzyb]

green, its green here for 2weeks.

[DJ_NAV]

WOW WA WEE WA!

[natejj]

Cashed in my YRI, made a bit of $. Haven't done that in a while....

[BigMass]

i hope some people here got the opportunity to sell into these rallies

[Beerking]

Originally posted by natejj
Cashed in my YRI, made a bit of $. Haven't done that in a while....

You're lucky, Im still nowhere near my BEP.:facepalm:

[DJ_NAV]

I sold some GS for a small 5% overall gain.

[natejj]

Originally posted by Beerking


You're lucky, Im still nowhere near my BEP.:facepalm:

Don't worry, I still need to make a lot more before I break even this year. Still, nice to remember the good ole days.

[DJ_NAV]

what are beyonders up to regarding the market today??
i'm thinking of buying RIM... what do you guys think??

[ExtraSlow]

I'm liking CMH. Although, it's a smaller company, so it isn't as widely traded as RIM, SU etc.
Good growth potential in the Solar sector, and they have been pretty succesful in growing thier market internationally. Not to mention that they hav already gone through a restructuring that shoudl put them in a sound position to weather any kind of downturn.

[Canmorite]

Originally posted by ExtraSlow
I'm liking CMH. Although, it's a smaller company, so it isn't as widely traded as RIM, SU etc.
Good growth potential in the Solar sector, and they have been pretty succesful in growing thier market internationally. Not to mention that they hav already gone through a restructuring that shoudl put them in a sound position to weather any kind of downturn.

Be careful with smaller cap companies. Take a look at the Venture exchange to find out how difficult it is for most to get any kind of financing. Solar was hugely popular with Oil > 100, but now things have slowed and become unviable. Tread lightly, imo.

[SilverRex]

Originally posted by BigMass
i hope some people here got the opportunity to sell into these rallies


or more so buy gold on dips :)

I suspect oil will have a pretty good rally when it happens. If you notice, correct me if I'm wrong, you can see short covering for oil during end of the 3rd week of each month. One of these short covering will be a big one.

Could oil be headed to 40 dollars, according to some expert, yes. Are we at the bottom yet, pretty much. I think 40-50 dollar is a very good base regardless if it heads lower. Lower means buy more. You can ride the 1st rally, as all initial rallies are big, then it becomes smaller. Once the bottom is in place, look price to move side ways testing the low and highs before the next break out which who knows could be months if not years from now.

In the mean time, ride Gold to 900 dollars (though gold now could easily retest the breakout point around 760-776. I strongly believe we will see 1400 gold sometime between now and end of next year.

[BigMass]

Originally posted by SilverRex



or more so buy gold on dips :)

I suspect oil will have a pretty good rally when it happens. If you notice, correct me if I'm wrong, you can see short covering for oil during end of the 3rd week of each month. One of these short covering will be a big one.

Could oil be headed to 40 dollars, according to some expert, yes. Are we at the bottom yet, pretty much. I think 40-50 dollar is a very good base regardless if it heads lower. Lower means buy more. You can ride the 1st rally, as all initial rallies are big, then it becomes smaller. Once the bottom is in place, look price to move side ways testing the low and highs before the next break out which who knows could be months if not years from now.

In the mean time, ride Gold to 900 dollars (though gold now could easily retest the breakout point around 760-776. I strongly believe we will see 1400 gold sometime between now and end of next year.


all commodities are going to go up in the long run. There is no way to avoid the inflation. Some will perform better than others, but IMO commodities from Sugar, Cotton, Oil, Gold, Silver will be at the forefront of a strong portfolio.

[liquid1010]

Right now my focus is on Oil. Very strong arguments can be made for Oil being in the $80-90 range within 9 months again...

[ExtraSlow]

Originally posted by Canmorite


Be careful with smaller cap companies. Take a look at the Venture exchange to find out how difficult it is for most to get any kind of financing. Solar was hugely popular with Oil > 100, but now things have slowed and become unviable. Tread lightly, imo.
I agree with you, but a lot of that is priced into CMH already. This company is in better shape than some juniors, and since it's not fully focused on solar energy generation, it should be a little less affected by low energy prices.

But yes, not a sure thing.

[Inzane]

Originally posted by DJ_NAV
i'm thinking of buying RIM... what do you guys think??

I think it's a great deal at ~$50 (CDN) personally. I was in at 63.70 and was very happy to see it return to $58 yesterday. Don't know what happened today though... :dunno:

I think once the markets get over this fear that ipones and blackberries might not sell this Christmas, both them and Apple should continue to do well. Again, that's just IMO.

[SilverRex]

ATTACK OF COMEX GOLD & SILVER

Powerful foreign entities are preparing a massive major assault on the US financial corruption, at key spots. All signs seem to point to the gold futures contracts traded at the COMEX and NYMEX, whose prices are routinely suppressed by a high volume of uneconomic short contracts by two to four banks. The COMEX is a division of the New York Mercantile Exchange. A highly leveraged sequence is soon to be unleashed, one that should bring back thoughts of asymmetric attack. Think small cost of a weapon, heavy damage to costly equipment. Something big comes to the gold market, with big angry players! If successful, severe damage will be done to the USDollar. Their goal is to kill the COMEX gold market, the key location for gold price suppression. Major Russian, Chinese, Arab, and European bankers and billionaires are angry beyond words. The giant portion of gold vaulted resides in Central Europe. A plan is in place. The key here and now is COMEX gold futures contracts, where many big players are demanding delivery for their December contracts. North American investment houses have also targeting them for delivery demands. With newly energized Russia & China building their gold treasures, with Arabs turning from distrusted Western paper and more toward gold & silver, look for the new players to offer support to the primary thrust attacks. If successful, it will be a defining moment in US financial history. The first delivery notice for the December gold contract is given on November 28.



Recall that Russians and Arabs each have severe damage done to the crude oil price and petro revenues. The futures contract games conducted by US price systems and Wall Street tactics used against hedge funds are largely responsible. Russians and Arabs are angry. Their financial markets are in turmoil, their economies are disrupted, their property markets are in disarray. Furthermore, Russians and Arabs own a large amount of acquired gold, whose value is also pushed down by corrupt US paper mechanisms. The Persian Gulf lusts to put in place a gold trading center of world repute. A brutal powerful trap has been set, to be executed upon the paper engineers without mercy. If you have noticed the facial expression on some Wall Street heads, like Paulson, change in the last few weeks, this is one reason why. They have no shame in confiscation of Congressional funds. But they dread presiding over a failed pricing system for gold, and dread the prospect of being unmasked, not to mention bankrupted. Keep the focus on the JPMorgan garbage can, where the illegal futures contracts are stored, the very same contracts that are never marked to market on their balance sheet. A COMEX blowup reveals their grotesque distortion of market forces, underpinned by gold and USTreasurys. More details are provided in the November Hat Trick Letter report, like the movement by the Chinese and Iranians to vastly increase their gold reserves.



Veteran warhorse Max Keiser, has a video worth watching. See his video (CLICK HERE). He discusses the upcoming COMEX default for the December gold futures contract. He believes that in its wake, the gold price will rise suddenly to $2000 per ounce, perhaps in a single day. The main impetus in his view for the breakdown is pressure exerted by Russia, in his view. He describes their motive. Russia is very angry over the oil price, down 60% from its peak, driven largely by liquidations from Wall Street targeting of hedge funds. Russia regards the paper game to be out of control. Russia has suffered from both reduced energy revenues from export sales, and notable currency decline in their ruble exchange rate. Financial markets, banks, and corporations have suffered in Russia as a result, prompting a severe reaction by Putin and Medvedev. These are not guys known to take ambushes and sucker punches well without a response.



AWAKENED GOLD PRICE

The USDollar DX index has topped. Conversely, the gold price has bottomed. Each has experienced a clear vivid pronounced reversal off the extreme. Signs point to December as being a battleground month. The moving averages have begun to reverse, a more stable signal. A MACD crossover is near, which would give a billboard notice to technical traders. Beware that this is the phony paper gold price. Actual large physical gold transactions are conducted at prices in excess of $1000 per ounce. The undue influence of paper price discovery is soon to end. As the Gladiator said in the 1999 movie by the same name, to the phony emperor who usurped power, “The time will soon come to an end for you to honor yourself.” Expect severe discontinuity in the gold price in the next few months, maybe sooner. If Keiser and others are correct, and the assault on the COMEX gold succeeds to liberate its price, a gap up is assured, a big gap up, like a few hundred dollars per ounce. Now is the time to hold firm your gold and silver metal. Sell the children, but do not sell the precious metal.

[rc2002]

Source? Writing style seems far too extreme to be credible.

[SilverRex]

Originally posted by richardchan2002
Source? Writing style seems far too extreme to be credible.

By: Jim Willie CB, GoldenJackass.com

anyhow take all articles with a grain of salt. then again im a gold bull :D

regardless of what type of catalyst are out there or rumor to be, you just have to dig deep and trust the facts.

right now this is what is happeing with the US

quantitative easing (http://www.radio.goldseek.com/sinclairnov25player.php) = Hyper inflation = weak US dollar = Strong Gold

but it sure would be nice to see the collaspe of the comex paper market and see how the world would react if we do wake up to 2000 dollar gold once day.

[Blownturbo]

Wow what a day today.
Hope everyone had loaded up SU @ 19!

[blainer]

Hey everyone,
I haven't posted here before however I'll share my personal insight.
Buy Sask Potash (POT). now.

[TYMSMNY]

Originally posted by blainer
Hey everyone,
I haven't posted here before however I'll share my personal insight.
Buy Sask Potash (POT). now.

um ok,

reaches for the short button.

[anothers10]

Originally posted by blainer
Hey everyone,
I haven't posted here before however I'll share my personal insight.
Buy Sask Potash (POT). now.

now ? you should have said that yesterday

[Inzane]

Originally posted by Blownturbo
Hope everyone had loaded up SU @ 19!

I wish. I bought at 22.45 the other day.

Had I got in at 19, I probably would've sold it already today.

[Canmorite]

No idea what to make of this rally. My instinct says sucker/bear market rally...

[max_boost]

Gambled on Oil going back up.

5000 shares of HOU.TSX

Bought in at $4.50. Closed at $4.99