DJIA 10,938.66 -6.06
NASDAQ 2,381.14 -18.69
SP500 1,158.35 -2.40
AGQ 91.74 +0.38. Sold 1/4 at 91.77 for 8.57 per share gain. Taking some profits.
Wednesday, October 06, 2010
Tuesday, October 05, 2010
20101005 PM
Dow 10,944.72 +193.45
Nasdaq 2,399.83 +55.31
SP500 1,160.75 +23.72. Next stop is 1,173.57.
30-yrBond 3.73% +0.21
GLD 130.99 +2.53 (1.97%)
SLV 22.34 +0.83 (3.86%). Opening gap up to open higher than yesterday's high, then kept running.
PTM 20.10 +0.31 (1.57%)
XLE 57.42 +1.32
XLF 14.73 +0.33
VXX 16.43 -0.94
AGQ 91.36 +6.38 (7.51%). Double long silver.
ANO 1.17 +0.11 (10.38%). Platinum miner.
BIOF 2.40 +0.45 (23.08%). BioFuel Energy Corp. Up on EPA ethanol news. Today, 10x average volume. Had shown tell-tale volume spikes on up days in the past couple weeks.
Nasdaq 2,399.83 +55.31
SP500 1,160.75 +23.72. Next stop is 1,173.57.
30-yrBond 3.73% +0.21
GLD 130.99 +2.53 (1.97%)
SLV 22.34 +0.83 (3.86%). Opening gap up to open higher than yesterday's high, then kept running.
PTM 20.10 +0.31 (1.57%)
XLE 57.42 +1.32
XLF 14.73 +0.33
VXX 16.43 -0.94
AGQ 91.36 +6.38 (7.51%). Double long silver.
ANO 1.17 +0.11 (10.38%). Platinum miner.
BIOF 2.40 +0.45 (23.08%). BioFuel Energy Corp. Up on EPA ethanol news. Today, 10x average volume. Had shown tell-tale volume spikes on up days in the past couple weeks.
Sunday, October 03, 2010
20101001 Weekend, Neodymium
Dow 10,829.68 +41.63
Nasdaq 2,370.75 +2.13
SP500 1,146.24 +5.04
30-yrBond 3.72% +0.34
Dollar dramatically lower, off .73 to 78.05. Precious metals sharply higher. Gold closed at 1316. Silver closed at 22.02. Crude oil closed at 81.03, which will push transportation prices and food prices higher in the coming months.
GLD 128.91 +1.00
SLV 21.65 +0.34
PTM 19.89 +0.30
XLE 56.81 +0.75
XLF 14.50 +0.16
VXX 17.04 +0.25
Obama added a fundamental reason to purchase physical gold & silver by allowing his Treasury Department to propose monitoring of ALL cross-border money transfers (any amount). This is the tightening of capital flows which signals monetary and economic failure. This is another reason to protect your assets and take possession of gold and silver.
King World News article and audio interview of Ben Davies. Ben discusses the failed Bretton Woods agreement, anemic global GDP, currency devaluations, Japanese currency vs. Chinese currency vs. US currency, and eventual collapse of the worldwide fiat monetary system.
ANO 1.08 +0.19 (21.05%). Ten times average volume on no apparent news. Volume higher than any day in past two years. 52 week range 0.72 - 1.78.
MDW 0.62 +0.03. 52 week range 0.38 - 1.04.
GMCR 29.57 -1.62. Was at 37.95 on Tuesday. Going to 24. Issues with revenue recognition.
There is renewed interest in neodymium and it's unique uses in magnets. Little is produced outside of China.
The only possible non Chinese, or non Chinese owned, sources for neodymium for the open market now are the Americans, privately owned MolyCorp and privately owned Thorium Energy, Inc., and the Canadians, publicly traded Great western Minerals Group and publicly traded Avalon Rare Metals.
Great Western Minerals Group (OTC: GWMGF), a company developing four rare earth projects, is up 948%, to 33 cents a share, in 2009.
That's a sluggish performance compared with Ucore Uranium (OTC: UURAF), which is developing a rare earth mine in southeastern Alaska. Shares of Ucore are up 4,181% in 2009, to 83 cents per share.
My advice, at this point, is to stand back and let the rockets cool. The speculators will move on to some other sector fairly soon. Use the time to separate the mining stories from the real mining companies.
The only possible sources for this extra production would be:
1. Lynas Corp (Mt. Weld, Australia),
2. Arafura, Ltd (Nolan's Bore, Australia)
3. Molycorp (Mountain Pass, california)
4. Great Western Minerals Group, Ltd. (Hoidas Lake, saskatchewan, Canada),
5. Avalon Rare Metals (Thor Lake, Northwest Territories, Canada), or
6. Thorium Energy, inc. (Lemhi Pass, Idaho).
MCP 29.58 +1.29. Molycorp. 52 week range 12.10 - 30.00. Began trading in August.
Nasdaq 2,370.75 +2.13
SP500 1,146.24 +5.04
30-yrBond 3.72% +0.34
Dollar dramatically lower, off .73 to 78.05. Precious metals sharply higher. Gold closed at 1316. Silver closed at 22.02. Crude oil closed at 81.03, which will push transportation prices and food prices higher in the coming months.
GLD 128.91 +1.00
SLV 21.65 +0.34
PTM 19.89 +0.30
XLE 56.81 +0.75
XLF 14.50 +0.16
VXX 17.04 +0.25
Obama added a fundamental reason to purchase physical gold & silver by allowing his Treasury Department to propose monitoring of ALL cross-border money transfers (any amount). This is the tightening of capital flows which signals monetary and economic failure. This is another reason to protect your assets and take possession of gold and silver.
King World News article and audio interview of Ben Davies. Ben discusses the failed Bretton Woods agreement, anemic global GDP, currency devaluations, Japanese currency vs. Chinese currency vs. US currency, and eventual collapse of the worldwide fiat monetary system.
ANO 1.08 +0.19 (21.05%). Ten times average volume on no apparent news. Volume higher than any day in past two years. 52 week range 0.72 - 1.78.
MDW 0.62 +0.03. 52 week range 0.38 - 1.04.
GMCR 29.57 -1.62. Was at 37.95 on Tuesday. Going to 24. Issues with revenue recognition.
There is renewed interest in neodymium and it's unique uses in magnets. Little is produced outside of China.
The only possible non Chinese, or non Chinese owned, sources for neodymium for the open market now are the Americans, privately owned MolyCorp and privately owned Thorium Energy, Inc., and the Canadians, publicly traded Great western Minerals Group and publicly traded Avalon Rare Metals.
Great Western Minerals Group (OTC: GWMGF), a company developing four rare earth projects, is up 948%, to 33 cents a share, in 2009.
That's a sluggish performance compared with Ucore Uranium (OTC: UURAF), which is developing a rare earth mine in southeastern Alaska. Shares of Ucore are up 4,181% in 2009, to 83 cents per share.
My advice, at this point, is to stand back and let the rockets cool. The speculators will move on to some other sector fairly soon. Use the time to separate the mining stories from the real mining companies.
The only possible sources for this extra production would be:
1. Lynas Corp (Mt. Weld, Australia),
2. Arafura, Ltd (Nolan's Bore, Australia)
3. Molycorp (Mountain Pass, california)
4. Great Western Minerals Group, Ltd. (Hoidas Lake, saskatchewan, Canada),
5. Avalon Rare Metals (Thor Lake, Northwest Territories, Canada), or
6. Thorium Energy, inc. (Lemhi Pass, Idaho).
MCP 29.58 +1.29. Molycorp. 52 week range 12.10 - 30.00. Began trading in August.
Thursday, September 30, 2010
20100930 1525
DJIA 10,805.04 -30.24
NASDAQ 2,375.27 -1.29
SP500 1,143.80 -0.93
Indices opened higher, sold off, and are stabilizing with a small loss. Metals recovering nicely.
AGQ 83.30 -0.67. Previous close 83.97. Day range 81.58 - 85.28. Added a 1/2 long position at 83.2 to increase the full position started yesterday.
NASDAQ 2,375.27 -1.29
SP500 1,143.80 -0.93
Indices opened higher, sold off, and are stabilizing with a small loss. Metals recovering nicely.
AGQ 83.30 -0.67. Previous close 83.97. Day range 81.58 - 85.28. Added a 1/2 long position at 83.2 to increase the full position started yesterday.
20100930 1140
DJIA 10,785.18 -50.10
NASDAQ 2,358.32 -18.24
SP500 1,140.52 -4.21
Dollar higher, metals lower. Indices trying to turn up right now.
EVOGF 0.82 +0.019. Sold at .823 for nearly .18 per share loss. 52 week range .61 - 1.26. Closed this tiny position in a dog of a gold miner.
NASDAQ 2,358.32 -18.24
SP500 1,140.52 -4.21
Dollar higher, metals lower. Indices trying to turn up right now.
EVOGF 0.82 +0.019. Sold at .823 for nearly .18 per share loss. 52 week range .61 - 1.26. Closed this tiny position in a dog of a gold miner.
Wednesday, September 29, 2010
20100929 1228
DJIA 10,856.93 -1.21
NASDAQ 2,380.12 +0.53
SP500 1,147.40 -0.30
Short metals did not work, so will follow trend by going long metals.
AGQ 84.72 +1.50. Long at 84.78.
NASDAQ 2,380.12 +0.53
SP500 1,147.40 -0.30
Short metals did not work, so will follow trend by going long metals.
AGQ 84.72 +1.50. Long at 84.78.
20100929 1225
DJIA 10,863.06 +4.92
NASDAQ 2,381.65 +2.06
SP500 1,148.19 +0.49
Was looking for dollar bounce which did not happen overnight. Closing the 1/2 position of gold short and looking to go long a precious metal for scalp trade.
DZZ 9.44 -0.03. Sold at 9.43 for .25 per share loss.
NASDAQ 2,381.65 +2.06
SP500 1,148.19 +0.49
Was looking for dollar bounce which did not happen overnight. Closing the 1/2 position of gold short and looking to go long a precious metal for scalp trade.
DZZ 9.44 -0.03. Sold at 9.43 for .25 per share loss.
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