Lara exploration 1.30's LRA-TSXV, low volume sleeper, 2.00 easy this year
UC resources low .50's UC-TSXV, thay are producers now, and have been as high as .61 last week, I will carry a considerable holding over 1.00
Cornerstone capital resources low .70's CGP-TSXV, back to 1.00 soon
Cash is trash
Dollar in decline
Monday, January 29, 2007
real US inflation
The inflation rate of the US dollar is roughly 10% as measured by the now defunct M3 number. The 3 year US bond pays 4.92% yielding a return of NEGATIVE 5%.
how do you protect yourself? BUY GOLD.
Thursday, January 25, 2007
Almaden and Northlands
Great week for the precious, beginning to look like this may be the start of the next major up leg and significantly higher prices.
Yesterday good news came out from Almaden minerals AMM-TSX , my latest buy was 2.61 and today I bought more at 2.80/2.82. Almadens high grades will push us to new 52 week highs before the summer. Long and strong on AMM.
Northland resources NAU-TSX has been a beautiful thing lately, I have daytraded it daily for large profits, and carried a large core position forward from 1.28 to today where we hit as high as 2.25.
NAU is being promoted heavily in scandanavia this month and looks to move higher still.
Yesterday good news came out from Almaden minerals AMM-TSX , my latest buy was 2.61 and today I bought more at 2.80/2.82. Almadens high grades will push us to new 52 week highs before the summer. Long and strong on AMM.
Northland resources NAU-TSX has been a beautiful thing lately, I have daytraded it daily for large profits, and carried a large core position forward from 1.28 to today where we hit as high as 2.25.
NAU is being promoted heavily in scandanavia this month and looks to move higher still.
Tuesday, January 23, 2007
Break to the upside
Gold is up over $11.00 today with good potential to break even higher to the upside in coming days.
We have built a base and have remained above the 300-day moving average in recent days. The harsh beatings laid on oil and some of the base metals this year has handcuffed gold and silver, but they have held up well.
The US dollar fell out of bed today as OPEC nations unloaded Treasuries at the fastest pace in more than three years as crude oil prices tumble, sending bond yields higher. For every $10 drop in the price of a barrel of oil, OPEC members adjust Treasury holdings by about $34 billion, according to estimates by Michael Pond, an interest-rate strategist in New York at Barclays Capital Inc.
We have built a base and have remained above the 300-day moving average in recent days. The harsh beatings laid on oil and some of the base metals this year has handcuffed gold and silver, but they have held up well.
The US dollar fell out of bed today as OPEC nations unloaded Treasuries at the fastest pace in more than three years as crude oil prices tumble, sending bond yields higher. For every $10 drop in the price of a barrel of oil, OPEC members adjust Treasury holdings by about $34 billion, according to estimates by Michael Pond, an interest-rate strategist in New York at Barclays Capital Inc.
Subscribe to:
Posts (Atom)