Cash is trash

Cash is trash

Dollar in decline

Dollar in decline
got gold?

Tuesday, July 17, 2007

How rare is gold?

If you gather together all the gold mined in recorded history, melt it down, and pour it into one giant cube, it would measure only about 18 yards across! Thats all the gold that exists above ground now, or since man learned to extract it from the earth. All of it can fit into one block the size of a single house. Its weight, 91,000 tons- less than the amount of steel made around the world in an hour. Thats rare!

Thursday, July 5, 2007

10 % gainers

Back from my hiatus.

My four stocks that I touted for at least 10% in 6 weeks all made the mark except ECU which got real close, if memory serves it hit 2.78, so I missed by only .025, the others hit quickly, RSC was probably the best performer going over 3.50 (forgive me Im too lazy to check the charts) and XAU over 2.30, and CGP went over. 71

Now lets look at the prices today. ECU has been rocked by a financing that took it to the low 2's , has since recovered and is today 2.38 high so far, I recommend it as a buy here (2.28) I have a large core position.

XAU 2.18 high today, still holding a small core position.

RSC- I am out. On its last run to a 52 week high of 4.00, I sold most at 3.85, some at 3.91 and 3.74. Today RSC is a high of 2.48, and has taken a good beating the last little while. I timed this one almost perfectly, and I am staying away from uranium stocks for fear of a severe correction in the price of U308.

CGP high of .73 today, very strong in the last week. I no longer have a core position in this stock, but actively trade it.