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Stool Pigeons Wire Message Board > Stock Market Message Board > Stool's Gold- Gold and Precious Metals Forum
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Charmin
Nocturnal goldbugs are more active at night than during the day. These traders sleep during the day, often burrowed in their bed with their shades drawn. Many goldbugs, like desert animals, are nocturnal in order to escape the extreme heat of watching price action blow away their ego.

Is there something wrong with this picture

AAUK
http://www.StockSharePublishing.com/ChartL..._1130814586.png
Old Habits
[quote=The CoinGuy,Oct 31 2005, 12:50 PM]
A few small points if I may...


1) Can the news get any worse on these three?

2) Technically speaking, each time these three stocks take off into the wind. They've alway's come back to the break out area. A traders paradise, although perhaps a buy/holder's nightmare.

3) I've spoken with all three companies, plus I've spoken to all of the sources I can muster, and to be frank with you I came away with a different picture of the situation than I hear the "advisors" or the news media out there touting. To sum it up short...and succinctly. I believe the Venezuelan government wants to actually put their mines into production and is worried about the companies who have concessions and are allowing their mines to sit dormant. This is the reason for the review. Also, I will add, their mining sector is somewhat in disarray, they look like growing pains from this participant.

Sure there is risk, some might deem paramount risk. This is what makes a market.

Venezuelan Lawmakers Back Mining Permit

4) This administration in Washington is far from being pro Venezuelan, notice the use of "confiscation of mines" used in the articles? Continue to believe it, I don't. I interpret these articles as demonstrating an ongoing anti-Venezualan campaign, and disregard them in to-tal.

Again, a market has to have a buyer and a seller. At these prices, I'm a buyer, my trader's nose smell's opportunity, I could be wrong, but you take your chances, and live with the consequences.

I'm not recommending anyone follow my path, although, I'm pleased to have you sit here and watch me fall flat on my face. Feel free to gloat when I'm wrong.


The market trampled my ego a decade ago.


Best,

TCG

P.S. Meant to forward this a week or two ago...

Denver Gold Forum - 2005

The Denver gold show was about the same time as the "announcement", take a listen to HL's & KRY's presentation.

-----------------------------------------------------------------------------------------------

TCG -
Firstly and foremostly, I would not throw HL or any of those names back in your face if they went south.

My glass house doesn't appreciate me throwing stones. rolleyes.gif

For me, I've just had too many stocks bite me in the tail end so I'm just less inclined to take the risk. If things go as some of us hope, there will be enuff gains to go around. I do own more GBN than I care to mention - so I guess i'm in HL anyway.

I'm a little worried about a couple of things.

#1 Ralph Acampora and the CIO of U.S. Global Investors were on different segments on CNBS today. Honestly, gold got a good 20 min. of exposure.

#2 NEM acted terribly today. Why? Does the market think that NEM is going to try and outbid ABX for PDG? The action in RGLD has also been piss poor.

Some of these stocks like GBN and CBJ etc., better get it in gear this month or we'll be looking at tax loss selling and there's going to be some ugly action.

Feedfool has a turn date of 11/4, let's hope that turn is up.
The CoinGuy
OH,

Let's take a look at some of these concerns of yours. Although, I will add being "a little worried" about something is fine, getting stressed over these things, "just isn't worth it".

--Ralph Acampora...I was under the impression we exorcised the credibility of this demon during the bear run in 2000-2002 on this very site, but it looks like he's back in the spotlight, and fresh from a culling at Pru? Well, to have him make any comments on gold in a positive light, is enough vindication for me to be skipping along and smiling for a couple of months. When ol' Abby Jo is recommending miner's, I'll break out the Krystal and 24 oz Elk steaks. Exposure like this with a major takeover happening in the sector, is par for the course from my perspective. Plus it was a slow news day...

Had to DIG DEEP into my archives for this one

--NEM acted terribly today? It's in a corrective phase, anything can be expected. I wasn't surprised in the least to see channel support give it up, volume has been nothing but the norm during this whole correction, a little on the heavy side today, but within the norm. I am watching the 41.07 level, but I don't rule out a "quick" test of the break-out of the downtrending channel(in red), simultaneously filling the gap left from the orginal break-out day on Sept 1st. As I've mentioned, I don't own this stock, unless, I'm hedging on the short side. Will it make a play for PDG, let's hope not...speculation in the market place is one thing, putting out a bid is another. I'm in the camp that all of these majors high-graded their deposits during the late 90's to survive, so "ounces of production", will be hard to replace. If they're desperate, there might be a fight. A speculation at best, but there are other producers out there that are entirely more befitting for NEM's geography. I'm keeping my eyes peeled on the current moves into West Africa...

NEM - Daily Chart

I've always believed PDG and ABX would combine because of the hedges on the books of both companies. Chris Powell takes a stab at this here, I'd imagine if he isn't spot on, his stab in the dark is closer than most. PDG and ABX...a good combination. The guys at Goldcorp picking up the residue as Johnny on the spot, another smart move from GG. Positive for Goldcorp, wouldn't touch the other two.

Chris Powell's Diatribe

--RGLD, What can a guy say here. $11-30 since July of '04...a correction is due, and in true RGLD fashion, it's a humdinger meant to scare you out of those long-term profitable positions you hold, this fish ain't in the biting mood, but will add soon. I'd like to see it hold that 50% fib level it's already tested in the 20.70 neighborhood. This would bode well for the next advance. Although, again, if you're in the neighborhood...why not take a stab at the gap fill from the August 2nd BO day. I'd prefer not to see this happen.

--The junior golds, I'd imagine tax loss selling shares hit hard and heavy in these companies last year. I've personally loaded my accounts with the smaller producers, exploration plays and silvers after riding the majors up. I own NO majors in my trading account(long). In most cases, these juniors are selling at ridiculous discounts to NAV. IF my numbers are correct, the market is currently valuing proven ounces in the ground from GBN at $10. I might add you can expect some drilling news out of GBN soon here. Hecla is pounding the dirt in the Carlin Trend, hot and heavy, and you'll want to remember, this is just down the hill from the Ken Snyder mine. A world class deposit. CBJ, my thoughts on this, I won't mention publicly, they're that negative. I'm playing it for a trade, technically it's set-up. Takeover target, but will go without a premium, or much of a premium if this is the case. Ex-hedger blue light special. There are plenty of more names out there that offer long term investing potential, this company is only on my list because of the technical pattern it is exhibiting, if it fails the pattern, it will be dropped, hot and fast.

I feel more comfortable in the juniors, having sold my majors at a premium. Will they pop...I'd be talking my book, by saying yes. Looking for a sign of strength in all of these issues in short order...as mentioned.

When we pull out of this consolidation, I'll throw out some potential numbers in the $HUI and the $XAU, considerably higher from where we sit today.

Best Regards,

The CoinGuy
Ageka
The Harmony statement makes me realise
we are still in phase one of the goldbull as far as shares are
concerned

http://www.fin24.co.za/articles/companies/...1518-24_1826357
Hadjin
Anyone venture an opinion of why PAL has been so strong (hope I don't jinx it) ? tia
Hadjin
More daily pounding on the POG.. gotta squeeze out any Bennie B suspicions...
The CoinGuy
QUOTE(Hadjin @ Nov 1 2005, 09:41 AM)
More daily pounding on the POG..  gotta squeeze out any Bennie B suspicions...
*



Yes sir, May I have another....the consolidation is a temporary and brief sting, what Bend Over Bennie's going to do will have a lasting long-term affect.

user posted image
Old Habits
I fergot the criminals were raising rates today.

I believe ya TCG - but I'm still gonna stress cuz it's in my nature to do so and I'm buried up to my neck in this stuff. ohmy.gif

Then there this, with the exception of the physical this market has been nothing but empty promises - unless you happened to buy in 2000'

As far as Ralphy - yeah exposure is good I guess. The CIO of U.S Global knew what he was talking about.
Amazing how stupid Dylan Ratigan is - the questions he asked the CIO showed how little he knows about gold.

Anyway - I'm stickin' with the program - jus let me if ur sellin' unsure.gif
traderfromhell
Wonder what the COT report looks like Friday off this price action this week? biggrin.gif I think we are putting in a nice bottom whether we ultimately find support at $457 or need to close some gaps in GLD down to 43.5 or slightly higher. Average in from here.
Hadjin
Well, I'm encouraged a bit, because the rate hikes were known by everyone, so this big drop, if attributable to that, is all smoke and mirrors..

Looking to add more WTZ...
The CoinGuy
My account for the metals just went flat on the day, meaning not negative. 100% long the sector.

TCG

I'll add for GBN survivors...Its found and is testing it's bottom.
CandleBone
I just went from 0% to 20% long at 11am hour this morning.

Hui and Xau showing much strength while gold suffers this "judo chop".
The CoinGuy
NTO Quick Live Shot
Charmin
draw a line on silver ..todays lows... creek from august... support area
Charmin
looks like HUI weekly trend and support meeting here in the 220 area
The CoinGuy
Somebody took the right pill this morning...

GSS tops the matrix for a change


TCG
AgentSmith
TCG -- like the new avatar. A change in avatar, just in time for a change in fortune for us gold kooks. Giddyup!!
dharma
xau so far is holding above support. 104.7 area. fwiw, i think that we are chewing up clock here, meaning that time is catching up to price. looking for a bottom this month. then a blast north. dharma
The CoinGuy
AS,

This is my old avatar, found it searching through the archives last night. Also found a couple of nice wallpapers for certified gold kooks, and silver kooks too.

Gold Kooks

Silver Kooks

GSS looking fair today, I did send you that pattern chart? The relative strength in this issue should pick up immensely.

GSS Quick Snapshot

Best,

TCG


QUOTE(AgentSmith @ Nov 1 2005, 11:23 AM)
TCG -- like the new avatar.  A change in avatar, just in time for a change in fortune for us gold kooks.  Giddyup!!
*

FeedFool
HUI Chart

Hui Should turn around 11th


Lts just see how it plays out
AgentSmith
niiice pics, i was searching google images the other day for something just like this! thanks!

RE: GSS - yes, many thanks again. i am almost split between GSS/CBJ now, with lotto tickets in QEE/AGT. unfortunately, because i am a dumba**, i have to sell some GSS sometime today....i got a little carried away at these bargain prices. i've been scraping up coin from anywhere i can get it...just drooling at these guys, i.e. EGO, GBN, GSS, CBJ, DROOY.

QUOTE(The CoinGuy @ Nov 1 2005, 12:45 PM)
AS,

This is my old avatar, found it searching through the archives last night.  Also found a couple of nice wallpapers for certified gold kooks, and silver kooks too.

Gold Kooks

Silver Kooks

GSS looking fair today, I did send you that pattern chart?  The relative strength in this issue should pick up immensely.

Best,

TCG


QUOTE(AgentSmith @ Nov 1 2005, 11:23 AM)
TCG -- like the new avatar.  A change in avatar, just in time for a change in fortune for us gold kooks.  Giddyup!!
*


*


Ageka
Had a quick look in my european planner and at least
12 countries were on a holiday for all saints day
banks and shops closed

It is allways amazing how by accident these large goldswings
happen when worldwide people are away from it

The CoinGuy
GSS intra-day Press Release

Must Have Adobe Acrobat Reader....


The CoinGuy
AgentSmith
had to sell 4k GSS @ 2.67 - next tank of gas is on GSS, heh. still got a boatload that i can let run freely. i think it ends @ 2.7x but like i said earlier, i'm a duma** and had to sell before 2pm, cough cough... smile.gif
Charmin
come on little fella.... TRE
The CoinGuy
John Embry on RobTV this afternoon.

LINK

Scroll down to:

12:30 PM ET
Market Call with Jim O'Connell
Junior gold and mining companies (and precious metals)
John Embry, chief investment strategist, Sprott Asset Management

Best,


The CoinGuy

bearvest
GOLD:

The monthly chart on Gold is quite bullish. The count is that we are still in wave 3 of 5, and a 3 week bull flag. We should soon rally above 480 to the 490 zone before the next significant correction.

The minor count would change if we overlapped 449.60, but the major count would not. It would take an overlap of 443.70 to turn the count bearish.

The Daily count shows the close-up at one degree of trend lower. Note how Tuesday's low re-traced to the 4th wave of iii at 458. This is the most common Elliott retracement point. After that, one uses fib levels.

The other daily chart warns ominously of a head and shoulders formation. If that pattern plays out, it will overlap both wave one's on the monthly chart and require a bearish revised count.

The daily count is consistent with the H&S pattern aborting.

If a head and shoulders aborts, very bullish price action should follow, but the formation of the pattern means that the end is likely near.
bearvest
Gold:

Gotta hold 458-460 to stay bullish on a support/resistance basis.
Charmin
come to pappa little fella.. TRE
The CoinGuy
CALM DOWN GENTLEMEN!

Don't all post at once now!


biggrin.gif


The CoinGuy


P.S. maybe I should go in the casket business, I see some potential customers...
AgentSmith
TCG: i had never paid attention to GLE...limon/bellavista sound like a good place for a few lotto dollars.
Old Habits
Well - I know I'm prolly nutz but I added 20K GBN at .89 - now have nearly 60K shares. unsure.gif
That was my last nickel.

TCG, if it goes to $10 - I will fly you anywhere you want to go in the world for a week. Hotel included up to 10K, no booze or food tho, lol. So mark this post. I am serious.

The world feels like a brighter place today. smile.gif

Hope not a fakeout.

LUCK ALL.
The CoinGuy
AS,

I've personally just thrown a small position on in this one. The liquidity right here is terrible at best. Just a company with some promise. Looking for them to be ramping production right into the end of the year. John Embry's comments were spot on from this casino patron's viewpoint.

A nice long-term option that is producing gold. Many of these that have been played in the past, have promise, and possibly some potential, but NO production. SAMEX is coming to mind...this is why I've always taken PMU over SAMEX.

No share dilution, taking revenue from a mine already in production and pushing forward on their main deposit...a road to growth perhaps, definately worth watching.

Another one that has been sold off recently is Nevsun, they went to market for what appeared to be an ever expanding "bought deal" financing, upsetting some long term shareholders. They've been sold off quite a bit.......right before they go into production.

TABAKOTO UPDATE

Chart doesn't look to shabby...

Actually, there are quite a few good stories out there....

Best,

The CoinGuy


QUOTE(AgentSmith @ Nov 2 2005, 11:08 AM)
TCG: i had never paid attention to GLE...limon/bellavista sound like a good place for a few lotto dollars.
*


Hadjin
ummm, ... Can I carry his luggage around ?

Good luck gents (and ladies)...
Hadjin
Anyone recall the symbol for the company the former GG CEO took over ? USLG ? tia
The CoinGuy
I told you privately what I thought about GBN going to $10...

IF it does, I'll fly every member of the "GBN sufferers club" to my private ranch, where food and drink will be included until we have to pick you up with the tractor to put you back in the plane...plane door expansion sold separately.


Best,

The CoinGuy


Valued at $10 an ounce of proven reserves? Uh ok.


QUOTE(Old Habits @ Nov 2 2005, 11:08 AM)
Well - I know I'm prolly nutz but I added 20K GBN at .89 - now have nearly 60K shares. unsure.gif
That was my last nickel.

TCG, if it goes to $10 - I will fly you anywhere you want to go in the world for a week. Hotel included up to 10K, no booze or food tho, lol. So mark this post. I am serious.

The world feels like a brighter place today. smile.gif

Hope not a fakeout.

LUCK ALL.
*


The CoinGuy
USGL


QUOTE(Hadjin @ Nov 2 2005, 11:30 AM)
Anyone recall the symbol for the company the former GG CEO took over ?  USLG ?  tia
*


Hadjin
Thanks TCG..

Ranch ? I'd be so excited with GBN at $10, I'd throw myself into the hay bailer.
AgentSmith
hey OH, i'll join you. 5k GBN @ .90 (the last trade).
Ageka
I will just stick with the devils I know biggrin.gif
AU has been funding me for 5 years now
in intrest and capital gain
Ageka
Anglogold in euro

Hadjin
Anyone been noticing that VGZ has been acting very nicely ...and quietly at that ?? I added to it today.
The CoinGuy
I feel like I might just KRY...

HL you laggard...


TCG

P.S. for the Divvie players....FAX just put in a double bottom on lighter volume...and "so far" is rejecting with price action....over a 7% dividend.
EasyAl
QUOTE(Old Habits @ Nov 2 2005, 08:08 AM)
Well - I know I'm prolly nutz but I added 20K GBN at .89 - now have nearly 60K shares. unsure.gif
That was my last nickel.

TCG, if it goes to $10 - I will fly you anywhere you want to go in the world for a week. Hotel included up to 10K, no booze or food tho, lol. So mark this post. I am serious.

The world feels like a brighter place today. smile.gif

Hope not a fakeout.

LUCK ALL.
*


Old Habit Die Hard:

If you are going to launch take over of GBN, please let me know.
Old Habits
QUOTE(EasyAl @ Nov 2 2005, 02:38 PM)
QUOTE(Old Habits @ Nov 2 2005, 08:08 AM)
Well - I know I'm prolly nutz but I added 20K GBN at .89 - now have nearly 60K shares. unsure.gif
That was my last nickel.

TCG, if it goes to $10 - I will fly you anywhere you want to go in the world for a week. Hotel included up to 10K, no booze or food tho, lol. So mark this post. I am serious.

The world feels like a brighter place today. smile.gif

Hope not a fakeout.

LUCK ALL.
*


Old Habit Die Hard:

If you are going to launch take over of GBN, please let me know.
*




Well Easy Al,
Between Agent Smith and I we've purchased 10% of the shares traded today and have been unable to move the stock. Frankly, I have enuff of it already.

I might add that I put a stop at .79 on those shares. I WILL NOT ride GBN to hell, not when I can go to bed comfortably with RGLD and GG.

TCG - might think otherwise but right now I'm wishing I put that 18K into EGO. mad.gif
dharma
the other gold board i lurk @is also dead! go tre!!!!! i have some gbn @1.2 its a small headache, unclassified. i do have some excedrin headaches in portfolio, fortunately few and small $$$ amounts. dharma
ps. i i add to winners.
The CoinGuy
OH,

Never buy a position larger than your comfortable with in anything, although TRE might be an exception for some... smile.gif

You're sitting at .89 on the bid(up a little over a couple of percent), dump what makes you feel comfortable in bed tonight and add it to EGO or whatever other stock you like on a pullback. They all pullback, don'tchaknow.. biggrin.gif

My life is full of woulda, coulda, shoulda's...if you get a "gut" feeling for something else, I'd run with it.

Best,

TCG

P.S. AUY just popped...DROOPY popping
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