Thursday, December 29, 2011

December 29, 2011 Edition of the Stateside Report


Saturday, December 24, 2011

Merry Christmas

Tuesday, December 20, 2011

December 20, 2011 Edition of the Stateside Report


Wednesday, December 14, 2011

December 14, 2011 Edition of the Stateside Report


Dennis Gartman says the gold bull market is over.

Dennis Gartman says the gold bull market is over today. . Bull markets end when supply begins to exceeds demand and everybody owns "it". . By early 2000, every Tom, Dick and Harry small internet company had gone public and the supply of internet company stock began to swamp demand. Everyone and their brother were day trading and owned internet stocks. That was a bubble. . By 2006/2007, homebuilders were building bigger and bigger homes and selling them to unemployed people as no one cared about the ability to pay. Hundreds of TV shws and infomercials were on showing how to buy and flip homes. Eventually the supply began to swamp demand. That was a bubble. . By the end of 2011, gold production had held relatively stable over the past 10 years even though governments around the world printed endless supplies of money. Very few high grade gold deposits have been found and supply still can't keep up with demand. Even though you are not thrown in the looney bin when you say you own gold, you still are given a dirty look and quickly dismissed. Less than 10% of investors own any gold stocks. Gold is no where near a bubble. Dennis Gartman is usual.

Monday, December 12, 2011

December 12, 2011 Edition of the Stateside Report


Nevsun most likely suitor for Chalice ...........

We should know by Christmas whether we get a present :).

Just bought another 10,000 shares of Chalice

I can't see them selling out for less than $.50/share. Even if the deal doesn't happen, I've mentioned them several times over the last few months and how they should be trading much higher based on comparables so if nothing else I will sit and wait for the share price to rise over the next year.

Consider Chalice Gold Mines today

Looks like they have an LOI for an offer. Trading at $.33 - Should be valued much higher based on Nevsun comparables. I picked up 15,000 shares this morning. Some may want to do some homework here. CXN on the TSX - CGMLF in the states.

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