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|  0 recommendations | Message 1 of 45 in Discussion |
| | (Original Message) | Sent: 12/10/2003 5:33 AM |
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Thanks Sleater, much easier now. Stocky, Would it be possible to start a new thread - Maybe call it Golden Thoughts (or something like), lead with the long chart of the Naz you put in post 26. Follow with a similar chart of the HUI with a 200 day and 50 day ma? Follow that with another HUI with a shorter window - use "Bubble" dates - perhaps beginning around Jan 2002 (that was when the metal was first breaking above 300). Make the 4th post one of the Metal - perhaps as far back as the first two (1995 ish). Hate asking you to be the scribe, but you have access to much better graphics than I do. (another thought is to also put a link to Hamilton's article in one of the HUI posts.) appreciate your assistance on this. In looking at the posts this morning on the other side of the board, I suspect most do not follow what we have been talking about on the disconnect between the metal and the shares. Unless the shares catch back up, some of us could get left hanging high and dry when the HUI decides to return to the 200 ma line. All one has to do, is look at July of last year to see what happens. It is easy to get sucked into buying the shares at the very top when this happens. The metal closed today near its high, but the HUI is still well below. If it continues to lag and the metal continues to make new marginally higher highs, we are done for a while and it would be prudent to find the door. I had hoped it would wait until after the first of the year (for taxes) but I am afraid we may not get that lucky. But then again, I am probably wrong.  |
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sapper, i think your idea is a good one ... we are taking a gss thread and talking general thoughts! did you see the action on the shares today? excellent rebound ... and i made (without double checking, i think a clean) 10% trading gss. have zero $ in my $US trading account allocated to stocks -- 100% cash ... $cdn 52% is almost exclusively metal. losing fear of corrections ... particularly in the metal .. if we get thru monday ok we should be clear ... thoughts? thanks jfo ... understood a stop loss but haven't used them ... not even sure available in my canadian trading account ... through my bank ... your scaring me on ivan ... recommending i dump right? (please don't concern yourself about me -- i'm a big boy) btw -- i greatly value and appreciate your comments regardless of where things go ... we can only act on the knowledge we have at any particular point in time ... i fully understand and accept that. |
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As I said before, I think you may have broken the code on this stuff. Now you understand what we have been suggesting for sometime. I believe that Stocky and I sort of agree on where we are in the cycle right now. Very short term, there may still be some more upside - I am counting on it - but sometime soon, there will be a very sharp pullback (or at very worst, we will go sideways for a while) which will be a good time to begin reentering positions. The upside potential vs the downside risk at the present time does not make entering new positions attractive to me right now. I need to see the shares pass their previous highs (and I will be somewhat surprised if that happens across the board). I may continue to play the dips/bounces when they present themselves. And I could be completely wrong.  Frankly, the way you have been hitting them lately, we should be asking you for suggestions.  |
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midas is jam packed tonight ... Something else which may be going on: Bill,
I thought you might be interested in this observation regarding the trading of Golden Star in Canada, as I’m pretty sure that this is where much of the resistance is coming from. I’ve actually reported the evidence of short box trading on this stock and have had ongoing correspondence with the Toronto Stock Exchange about this matter. The short position in GSC continues to increase each month as you can see by this chart: (NA) This shows the trading for the today.(NA) And this screenshot shows the final minute of trading:(NA) So what all of this demonstrates is that there are probably some short sellers colluding to keep the price of GSC down for the moment. Of course this also opens the door to explosive short covering as we’ve seen before on this stock. |
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hmmm ... your correspondents, in particular Dave Lewis, seem to me to be missing a point in the gold mining stocks. Some of the more popularly traded stocks that have had good run-ups, particularly HUI components, have been very actively managed the past few months by what looks like computer programs (I have written computer programs since '61 and could turn out one to do what I see going on in a few hours.) Stocks like Golden Star and Nevsun have had the following treatment applied to them ( I watch them and others a good portion of the day.): GSS will be going along just fine--then lo and behold a sell will show up (with what looks to me to be random number of shares) at a price considerably below the bid or ask. Then, when the slope turns negative because of the doubt this causes, bing, bing, bing a succession of lower sales will take place to insure that it turns down. This will get repeated again and again during the day. Usually, when they have done their dirty work on gold and that market has closed, they will intensify this pattern. It is unbelievable to me that, in addition to their daily hammering of gold, that they are attempting to keep the lid on by messing with the gold mining stocks. (Incidentally, I don't see this behavior at all in the smaller gold exploration stocks--perhaps for obvious reasons that it would be too difficult and too obvious.) It is also evident that they are trying to use the minimum number of shares to accomplish this. You know, they did this on Royal Gold a while back, and it worked (and is working) so well that they must have been embolded to try it on ones that new funds and new more mainstream oriented investors had gotten in to in this last year. What really irritates me is it is working so well--SO FAR. You are not bouncing up and down any more than I when I see the daily pattern over and over and over and over...
Bob |
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| | | From: bluesky | Sent: 1/27/2004 3:10 AM |
these gold stocks are used to REFERENCE currency....and are on gold indexes around the world.....they are all heavily maniuplated. |
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placed a few orders this morning if it gets ugly i can always lower my price ... CA:ARQ $3.16 CA:FAN $1.05 CA:GSC $6.81 CA:SXG $0.81 |
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sapper ... changed my mind ... bought some today lots of ammo left if it goes down ... Buy 1,000 ARQ $3.12 27-Jan 27-Jan Filled 1,000 Buy 3,000 FAN $1.17 27-Jan 27-Jan Filled 3,000 Buy 600 GSC $7.06 27-Jan 27-Jan Partially filled 400 Buy 3,000 SXG $0.88 27-Jan 27-Jan Filled 3,000 |
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Sleater, I don't disagree. I was really looking for more follow thru on the downside this morning, but we didn't get it. One of two things - either it found solid support (I don't believe this) or they will take it back down again this afternoon. I think the solid support will be just above 400 (because everyone is looking for it below 400), but it could turn out to be this high?? who knows?? Right now, it looks like you got good buys - just be prepared to be nimble with them, unless you are comfortable holding them long term. I also grabbed up some Samex - notice it is the only one not participating in this run up??  I have that power.  I will be looking to turn half of it if I get more than a 20% run up - the other half I will keep and add to my core holdings. Your last couple postings from Midas provide some food for thought - other than the obvious - which is he is all wet and grasping for conspiracy straws. It may well turn out that the "stalker" is actually the US govt trying to recover their own core gold holdings before it gets completely away from them. Wouldn't that be the bite??? |
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sapper, i'm pretty loaded up these buys were top ups to make lost ground more quickly on a run up decided gold didn't have to go any lower just because all the yapping mouths say it will i can buy more again should there be further declines ... not intending to be nimble ...  i've actually grown to appreciate some of the stuff that midas comes up with sure, some of it's speculation but i enjoy considering alternative points of view ok ... the stalker is goofy, but a buying group isn't ... why he calls it the stalker i dunno ... it sure doesn't do his creditbility any good ... i have taken great interest in their presentations of the repo pool concept and following gold in DIVG terms ... the stalker being the government ... ah downt thingk zo! |
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sapper ... samex has participated! so far the canadian stock rose >6% today ... not the US stock? you gettn greedy? |
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Yeah, it was a little slow out of the box this morning, but once it got moving it did alright. I got mine at .66 US - same as NG. I was probably the 3rd or 4th order filled. Even though it appeared to trade at .65, probably no one got filled at .65 today besides the Market Makers. I put a sell in at .78 and immediately bumped it to .79 and watched it come up thru .78 to .785 before it went back down. Now it is bouncing around .75-.77. Still might get it before the close. That would be 17% after costs and I would take it for a day. The old Bird in hand vs Bird in Bush thing. Greedy? Me?? No, but the surest way to get it to go up some more is for me to sell some. I let you and Stocky convince me to pay more attention to the little guys, and I should have just stayed focused on the tried and true - CDE and BGO. Both have cycled nicely during the last two weeks, but for the most part, I was just watching. Their range has tightened to only about 10% swings, but that is still doable. |
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can someone explain what this means? MORNING UPDATE: Man Securities Issues Alerts for TYC, AMR, SYMC, GSS, and CCLMarch 23, 2004 09:14:00 AM ET CHICAGO, March 23 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EST with new PriceWatch Alerts for key stocks. (Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO ) Before the open... PriceWatch Alerts for TYC, AMR, SYMC, GSS, and CCL, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The world is clearly a very unsettled and dangerous place, and that's demoralizing to investors." -- Hugh Johnson, chief investment officer, First Albany Corp. New PriceWatch Alerts for TYC, AMR, SYMC, GSS, and CCL... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Tyco International Ltd. TYC Last Price 27.15 - JUL 25.00 CALL OPTION@ $3.10 -> 4 % Return assigned* -- AMR Corp. AMR Last Price 10.86 - MAY 8.00 CALL OPTION@ $3.30 -> 5.8 % Return assigned* -- Symantec Corp. SYMC Last Price 41.14 - MAY 40.00 CALL OPTION@ $3.20 -> 5.4 % Return assigned* -- Golden Star Resources Ltd. GSS Last Price 6.52 - MAY 5.00 CALL OPTION@ $1.80 -> 5.9 % Return assigned* -- Carnival Corp. Class A CCL Last Price 41.97 - JUL 40.00 CALL OPTION@ $4.00 -> 5.3 % Return assigned* |
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