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- NEW INTERMEDIATE CYCLE CONFIRMED
- Greecian Formula for US Failure
- PM Price prediction for the week
- Gold, Treasuries Still Haven't Broken Into Bull Market Territory
- 9 Small Cap Stocks With Strong Profits Trading Near 52-Week Lows
- Business Growth Shows Caution But No Collapse
- 1430 : The gold of Mutapa
- bart chilton interview is up
- Silver Manipulation Is Still Ongoing
- WATCH: GoldSilver News Weekly Recap
- Endeavour Silver: Broad Mineralization, Broad Shoulders
- CME Issues Clarification of Confusing Advisory on Margin-Maintenance Ratios
| NEW INTERMEDIATE CYCLE CONFIRMED Posted: 06 Nov 2011 03:20 AM PST Gold has now confirmed that an intermediate bottom was set on September 26. The double bottom at $1600 is a powerful basing pattern that should generate a test of the $2000 level by sometime in December.  Also for reasons discussed in the nightly reports I think the mining stocks, which have been unloved for the last year, are probably going to be the recipients of most of the hot money during this intermediate cycle. Both silver and gold have already generated parabolic, or semi parabolic moves. I think it's time for a big rally in the mining stocks over the next four or five months.        This posting includes an audio/video/photo media file: Download Now |
| Greecian Formula for US Failure Posted: 06 Nov 2011 01:57 AM PST There are any number of areas that could be listed reasons for the collapse of Greece. This graph, from Dan Mitchell, is telling enough that it is probably not necessary to go any further in the autopsy of this country. From the graph, government employees increased by substantially over 100% during a period when the population [...] |
| PM Price prediction for the week Posted: 06 Nov 2011 01:49 AM PST What are your predictions on PM prices for this week? I say they are going to crash heavy this week. Maybe gold will be down $100. and silver maybe down $2. |
| Gold, Treasuries Still Haven't Broken Into Bull Market Territory Posted: 06 Nov 2011 01:43 AM PDT By Chris Ciovacco: The bulls have a significant feather in their cap in the form of conviction. While numerous fundamental and technical factors point toward negative outcomes for equities, the force with which stocks (SPY) have rallied off the October low looks more like the early stages of a bull market, rather than a bear market. Having said that, numerous market ratios, including the gold:Treasury ratio, have not broken into bull market territory yet. Heading into next week, the flowing statements may begin to weigh on sentiment. From Reuters:
Complete Story » |
| 9 Small Cap Stocks With Strong Profits Trading Near 52-Week Lows Posted: 06 Nov 2011 12:35 AM PDT By Follow My Alpha: Digging through the small-cap space is always an interesting activity, because we never know what interesting things we might find. Even better, sometimes investors can find out-of-favor stocks that still have sound or improving operating margins, which could be an indication that things are turning around sooner than expected. The take-away is that often to find a potential diamond in the rough or a great turnaround story, investors really need to dig through the less high profile areas of the market. The Operating Profit Margin is a profitability ratio that measures the effectiveness of the firm's operating efficiency. This metric allows investors to see how much profit is left after all variable costs are covered. If the firm's margin is increasing over time this means that it's earning more per dollar of sales. Finding trends in the Operating Profit Margin helps investors identify firms that are improving profitability over time Complete Story » |
| Business Growth Shows Caution But No Collapse Posted: 05 Nov 2011 11:47 PM PDT By Hale Stewart:
Here's a graph of the composite index: While the index took a large dive earlier this year, Complete Story » |
| Posted: 05 Nov 2011 05:00 PM PDT Geographicus |
| Posted: 05 Nov 2011 12:33 PM PDT at that jackhole's website chilton is talking a good game |
| Silver Manipulation Is Still Ongoing Posted: 05 Nov 2011 11:03 AM PDT
Andrew Maguire continues: Continue reading @ King World News |
| WATCH: GoldSilver News Weekly Recap Posted: 05 Nov 2011 08:09 AM PDT From Mike Maloney and Cristian Garcia, the GoldSilver weekly recap for 10.31.11 – 11.4.11 ~TVr |
| Endeavour Silver: Broad Mineralization, Broad Shoulders Posted: 05 Nov 2011 08:03 AM PDT Written by Brian Boutilier I returned from Guanajuato Mexico a couple of weeks ago, thankful for the generous offer to tour the operations of Great Panther and Endeavour Silver. They were kind hosts and very approachable. Everyone from the CEO Brad Cooke, through the IR staff of Hugh Clarke and Lana McCray to VP of Exploration Barry Devlin, to the COO Godfrey Walton and several Mine Mangers were all quick to lean in, and add additional information throughout the day. They were all obviously proud of their accomplishments, and wanted me to learn as much as possible during our short visit.
Our tour with Endeavour Silver was on the second day. (We visited Great Panther Silver Operations on the first). We took another Van ride down that winding, dusty road from Guanajauto, to the main operations at Bolanitos. On the way, they pointed out where workers were housed, and the speed bumps they have built to slow down passing traffic near the new school. After another well timed caffeine infusion, the Mine Manager started the briefings on Guanajuato operations.
When briefing an audience, one often is reminded that it is the first and the last thing which is covered that will stick in their minds. David Howe, VP Operations was the first to brief us. It was a safety brief. He spoke for over a half an hour on all the precautions that the workers were taking. He went over the extensive 1 to 2 month training program for all the workers. He pointed out that they have female equipment operators, because they generally are easier on equipment, and have a better safety record while using it. They charted out how their safety record was from inception to date, and that reporting on near accidents was higher now. The reason, he explained, was that workers were encouraged to report near misses, instead of covering up mistakes. Actual accidents are very low, nil during some quarters. They took a good deal of time, and frankly I recall thinking how odd it was that they were pushing this point. Being a veteran of hundreds of safety briefs, I took the liberty of having another cup of joe during this time. Gotta say, I like the local flavor: dark and rich, muddy like the slurry coming out of the ball mill, but I'm getting ahead of myself.
The next briefing was on mine and mill operations by COO David Howe, while CEO Brad Cook, offered color commentary. There was an easy exchange between the Senior Management. The tone of the briefing was confident, upbeat. They had added crushers, had achieved a critical 3/8" diameter ore before entering the ball mill. They had added a 1000 tpd ball mill to the circuit, creating an overall potential capacity of 1600 tpd. They are currently limited by crusher capacity, effectively limiting capacity to 1200tpd. The recapture rates were running around 88% overall. They were very proud of increasing overall silver equivalent production by 2x year over year since inception. They expect to exceed 4 million "Silver Equivalent" oz's this year. The cost of production is around 5$/oz, however with gold credits it is now running below (negative) -$3/oz.
The briefing continued, with reference to the Guanacevi operations in the North, and its ability to process concentrate, and pour dore bars. There was time for an open discussion about operations going forward, and what they forecast. They mentioned the promising new properties in Chile. They understood these to be oxide rich, bulk tonnage low grade deposits. The type of deposits that lend themselves to heap leach cyanidization, which has low start-up costs, and is highly efficient at recapturing gold and silver inexpensively.
Management was clear, and consistent in saying they were on the look-out for new acquisitions. They are consistently seeking to increase mining and milling capacity. That got the room rumbling, as throats were clearing in prep for questions. As was the norm, Bob Moriarty jumped in with the first salvo. Why were they not taking advantage of Great Panthers excess capacity? Why were they not "making hay while the sun shined," while metal prices were high. I couldn't possibly quote him, will not try, for he had much to add to the conversation. These comments and several other questions were met confidently, and with an even tone by Brad Cooke. The respective boards certainly had interacted and had/were investigating synergies. In fact they speak often, and are on good terms with each other. They made no direct mention of combining their companies. I want to point out here, that the thought of consolidation was being circulated by the group, but not by management. |
| CME Issues Clarification of Confusing Advisory on Margin-Maintenance Ratios Posted: 05 Nov 2011 05:41 AM PDT We received the following notice from the CME this morning at 11:59 CT, clarifying the confusing advisory released Friday, after the bell, that many of us thought constituted a margin increase. Apparently the CME received enough frantic communication that they issued a Saturday clarification. Action temporarily reduces margin burden for bulk transferred MF Global customers to new clearing members. The clarification advisory is below: Clearing Advisory
CME Group today is clarifying its notice to clearing firms regarding margins. In light of the issues customers transferring out of MF Global are facing, while still maintaining appropriate risk management protections for the market, CME Clearing is setting the "initial" margin upcharge at zero. This upcharge is normally applied to customer accounts when they are receiving a margin call. The intent and effect of these changes is to decrease the size of any margin calls resulting from the bulk transfer of MF Global customers to new clearing members, not to increase them. Yesterday, CME Group successfully transferred MF Global customer positions to a new clearing member with part, but not all, of their funds, as approved by the bankruptcy trustee and the court. By reducing the initial margin "ratio" to 1.00, we ensure that margin calls that are issued to these transferred MF Global customers will be limited to bringing their accounts into compliance with the lower, "maintenance" margin levels. Maintenance margins are set to provide appropriate risk management coverage. Initial margins are set to provide an additional buffer against future losses in the account. This is a short term accommodation to maintain market integrity and provide temporary relief to customers whose accounts have been disrupted by this event. We apologize for any confusion our initial advisory may have created. (Emphasis ours). You are currently subscribed to ch_list as: XXXXXXXXXXXXXXXXX.com. You may unsubscribe or send a blank email to be removed from this list. CME Group is the world's largest and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX. CME Group - 20 South Wacker Drive - Chicago, Illinois 60606 - 1-312-930-1000 - Toll Free 1-866-716-7274 |
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