Thursday, December 29, 2011
Wednesday, December 28, 2011
Tuesday, December 27, 2011
Saturday, December 24, 2011
Thursday, December 22, 2011
Wednesday, December 21, 2011
Tuesday, December 20, 2011
Monday, December 19, 2011
Sunday, December 18, 2011
Thursday, December 15, 2011
Wednesday, December 14, 2011
Dennis Gartman says the gold bull market is over.
Dennis Gartman says the gold bull market is over today.
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Bull markets end when supply begins to exceeds demand and everybody owns "it".
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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.
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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.
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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 wrong.....as usual.
Tuesday, December 13, 2011
Monday, December 12, 2011
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.
Sunday, December 11, 2011
Thursday, December 8, 2011
Wednesday, December 7, 2011
Tuesday, December 6, 2011
Monday, December 5, 2011
Sunday, December 4, 2011
Thursday, December 1, 2011
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