tag:blogger.com,1999:blog-3034901630224544639.post6287160030321712467..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: The Moment of TruthTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger145125tag:blogger.com,1999:blog-3034901630224544639.post-28106330878282000912011-02-22T15:40:35.274-05:002011-02-22T15:40:35.274-05:00Have to wonder if our dear Blythe, not having the ...Have to wonder if our dear Blythe, not having the success in Siler and Gold she wanted has whacked platinum and palladium to try and create some overall down trend in the PMs. Not that it's working mind you but palladium got hammered!JWMJRhttps://www.blogger.com/profile/11330556524852443926noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-63420589826538199042011-02-22T13:59:58.572-05:002011-02-22T13:59:58.572-05:00@Joe Jost
The corn report came from IOWA, which s...@Joe Jost<br /><br />The corn report came from IOWA, which stands for IdiotsOutWalkingAbout, incidentally, where I was born and raised under survival conditions.Black Hawkhttps://www.blogger.com/profile/04095784124116932452noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-44984613691341554552011-02-22T12:54:05.058-05:002011-02-22T12:54:05.058-05:00Ginger, can't help there, not familiar enough ...Ginger, can't help there, not familiar enough to provide any helpful input. Based on a quick look, the share structure looks good at 81mm o/s. One reason I like MLLOF so much is their 44.5mm shares o/s. What a little keg of TNT. <br /><br />Along those lines, be aware that my favorite little monster Tarsis (TARSF) has only 24.7mm o/s, yeeha! When Tarsis breaks out, fuggedaboudit :-0)<br /><br />In terms of evaluating any miner, I'm a big disciple of Mickey Fulp's People/Projects/Share Structure method. Does the company have top quality Mgmt with a track record of gettin' 'er done and making $$$? Do they have projects to make your mouth positively water? Most importantly, can their Financials match the promise of the other 2- -- this is SO key as it's here where most companies fail.<br /><br />For any fellow residents of Turd Town who don't already know, Mickey Fulp is a source of some of the best PM, REE and Uranium analysis and picks available to we plebs. Best of all, it's 100% free. If you register your email address on his site you'll also get exclusive "Mercenary Musings" that do not appear on his website (www.mercenarygeologist.com). <br /><br />Honestly I cannot recommend strongly enough that all TT residents at least be aware of Mickey and his work. Great information given in a timely manner is the key to winning this game. Overall Fulp's picks have been excellent, thanks to him I made lots of money on Almaden and Tasman. Of course I immediately turned it into Ag and AU. My strategy is to use most of my Miner gains to buy more PM than I'd otherwise have been able to afford.<br /><br />Playing "home Alchemist" and turning paper frns into PM is maybe the thing that turns me on most about all of this. I mean how sweet is that? Does it get any better?<br /><br />Buona fortuna all.ewc58https://www.blogger.com/profile/08838475045073270530noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-49051365617460203212011-02-22T12:36:24.684-05:002011-02-22T12:36:24.684-05:00This comment has been removed by the author.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-26883178344260224872011-02-22T12:32:54.860-05:002011-02-22T12:32:54.860-05:00I will C&P caramels comments onto new thread a...I will C&P caramels comments onto new thread as the are very important.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-53351311860141459292011-02-22T12:29:43.299-05:002011-02-22T12:29:43.299-05:00I've started a new thread.I've started a new thread.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-47076449688297873122011-02-22T12:27:35.240-05:002011-02-22T12:27:35.240-05:00cont'd...
- Was hoping to say we are producin...cont'd...<br /><br />- Was hoping to say we are producing; believe me it’ll only be a few weeks<br />- Reversed strategy on financers/traders to make sure not screwed over<br />- $24.5M invested in the company – wanted us to know – will contribute everything he has/everything he is – remains 100% commitment to us<br />- Education site is important – understand jsmineset has a place & it’s a teaching forum – read international – under 30,000 as top sites <br />- Traderdan taking care of it, Eric will become one of the most important persons, Monty – not surrounded by yes people – challenges you to constantly review & examine conclusions – to be absolutely sure what you’re telling people is truth<br />- No one knows everything; can’t be sure won’t go into sov’n default…but must understand underlying characteristics which company is built up upon…that all circumstances meet need that $1650 is real – not b/c of chart, not b/c of mathematical…b/c of makers & shakers – those that are causing great problems will be greatest profit centres<br />- Build a major concern without further financing/dilute SH interest; picking up a little bit here & there<br />- not out of acquisition business <br />- focused on not carrying anything that doesn’t have potential to be significant addition to company<br />- company will be progressing & earning, if successful in endeavours, don’t need add’l cash, expanding exploration, as taking values, # of exploration, mgmt will be expanded, move up from exploration into junior producer, constantly carrying on exploration for big cahuna, so total transformation <br />- not a 1 property company; largest landholder of potentially mineralized property in Tanzania; own or control 10K sq Km’s<br />- very important to remain reasonably liquid so he’s there if absolutely necessary - in other words, Jim will step in to fund the company as a safety net<br />- Live in an environment of destruction – don’t want to see anything being built but want to see everything taken down (is Jimmy an Ayn Rand disciple?!!)<br />- Leadership in gov’t – free markets, going after corruption, president fired whole cabinet; this is the country you’d want to be a part of – growth & business supported<br /><br /><br />that's the pertinent stuff imo prior to the overview of the properties & Q&A (still ongoing as I type)<br /><br />Sinclair is very very impressive. And this is an understatement.caramelhttps://www.blogger.com/profile/16037173721286319471noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-73108034820136997332011-02-22T12:26:19.076-05:002011-02-22T12:26:19.076-05:00joe jost
Just not soybean oil please.joe jost<br /><br />Just not soybean oil please.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-77907926651765165422011-02-22T12:24:00.389-05:002011-02-22T12:24:00.389-05:00@pathoekstra
Thanks. The market seems schizophre...@pathoekstra<br /><br />Thanks. The market seems schizophrenic. I would not be surprised if corn is limit up tomorrow for the same "reason" it is limit down today. <br /><br />Maybe the corn speculators are liquidating to buy something else? Something shiny?Joe Josthttps://www.blogger.com/profile/18388234964957416025noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-72306203154198874532011-02-22T12:23:51.498-05:002011-02-22T12:23:51.498-05:00re the news that 50K contracts are still standing:...re the news that 50K contracts are still standing:<br /><br />Please recall that the Wynter Benton group mentioned MANY times the bulk of their buying would be THIS week.<br /><br />I know, I know -- there are a lot of naysayers here. BUT, IF that is true... watch out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-82232624832062637032011-02-22T12:21:58.554-05:002011-02-22T12:21:58.554-05:00keep an eye on soybean oil.
Mrs. Eric works at an...keep an eye on soybean oil.<br /><br />Mrs. Eric works at an onion ring factory and the price of soybean oil is pretty much the whole ball of wax. Very much a problem. I guess the company hedged a bunch of it lower, but I think those hedges are running out.<br /><br />Down smartly today, so that's a relief.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-18943729414236840742011-02-22T12:20:53.673-05:002011-02-22T12:20:53.673-05:00ag/au pits seem to be stabilizing (or warily looki...ag/au pits seem to be stabilizing (or warily looking out for incoming EE). A hold here could release for a move up.SirMozhttps://www.blogger.com/profile/07774788104513991466noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-72374098835950128802011-02-22T12:20:25.748-05:002011-02-22T12:20:25.748-05:00Thanks reefman.
copper taking a beating down to...Thanks reefman. <br /><br />copper taking a beating down today.<br /><br />Pat, wish every CEO/chairman/executive strived to emulate Jim Sinclair. Here's a few snippets from the early part of the CC:<br /><br />- Chinese business philosophy: have a plan, work a plan. IOW's, the chinese mean business.<br />- they've agreed to 3% royalty over 30 years; <br />- Chinese taken all expenses/costs – elected TRE to be political partner – stay on base for work permits, permits to mine/explore, relationships with locals<br />- Sovereign company has elected TRE as political intermediary even though Chinese have best possible connections having supported Tanzania when west (not Canada) US viewed Tanzania as opposition<br />- 3-5 yrs production - Jim said this is a realistic goal - <br />- Chinese put in communication line – dug it by hand in 2 months – again, they mean business<br />- Lot more than a royalty arrangement <br />- Short position that existed in Canada come to a point down to nil b/c read 43-101 dealing with properties<br />- This is a war & I am defending for you<br />- Inexplicable takedowns occur unless someone seriously short <br />- Short in Canada is closed – read report, this company has serious properties, for which serious work/results; downside, upside risk <br />- But shorts still open in the US – they are less discrimination (nice way of saying stupid) meaning they don’t read material but modestly coming down<br />- Don’t understand why major mines sell everything they have; must believe gold will lose value<br />- And I believe, b/c I know in being in the industry for 50 yrs, know gold is going to $1650<br />- Difficulty in choosing right currency has become unmanageable – gold will continue to become currency of strength without liability; storehouse of value; medium of exchange<br />- We have finest technical board you can have<br />- goal: If producing 320 tons/hour, 2 shifts of 10 hours, 20 hours/day X 320 tons = 6400 tons per day<br />- Wouldn’t go near it if we thought it was a waste of timecaramelhttps://www.blogger.com/profile/16037173721286319471noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-15425613796891255702011-02-22T12:17:24.330-05:002011-02-22T12:17:24.330-05:00Corn CBOT report news at 9:45EST
The losses were ...Corn CBOT report news at 9:45EST<br /><br />The losses were prompted by unrest in Libya and elsewhere in the Middle East, which is making investors increasingly nervous about the global economy, analysts said. <br /><br />"The uncertainty overseas sends people out, to reduce their exposure to risk," said Shawn McCambridge, senior grains analyst for Prudential Bache. <br /><br />The unrest, including increased violence in Libya, a key oil-producer, has sent crude oil prices skyrocketing. McCambridge said investors fear that higher energy costs could derail the recovery of the global economy, which would hurt commodity demand. <br /><br />But he also called the decline a "knee-jerk" reaction to the political unrest, and that ultimately supply and demand fundamentals for corn remain very strong. The government projects U.S. supplies will be precariously tight this year. <br /><br />The sharply higher energy prices could also have a supportive effect on corn, said Don Roose, president of U.S. Commodities in Des Moines, Iowa. <br /><br />Because 40% of the U.S. crop now goes to ethanol, corn is tied to energy prices, analysts said. Higher gasoline prices will in turn support ethanol, which would give a boost to ethanol producers currently struggling with higher corn prices. <br /><br />Traders have been watching for signs that high corn prices have been curtailing, or "rationing" demand, a step that's needed in order to conserve tight supplies. <br /><br />"It makes it more difficult for rationing to take place when energy's skyrocketing," Roose said. <br /><br />Analysts add that the market is in a precarious position technically, which could accelerate losses if the market slumps. But end-users have used recent breaks in prices to make purchases, Roose said.Black Hawkhttps://www.blogger.com/profile/04095784124116932452noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-49265580992140916542011-02-22T12:16:35.404-05:002011-02-22T12:16:35.404-05:00Check out this chart from LAST NIGHT on Trader Dan...Check out this chart from LAST NIGHT on Trader Dan's site:<br /><br />http://3.bp.blogspot.com/-3uZnRyJgbRE/TWNCP6Qzz2I/AAAAAAAAAFU/VYUUQk4rpZo/s1600/snapshot-423.png<br /><br />Absolutely prescient.<br /><br />No wonder Turd almost DEMANDS we go there.<br /><br />They should really join forces....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-31233116497239521902011-02-22T12:16:00.119-05:002011-02-22T12:16:00.119-05:00ewc58,
Any thoughts on RAREF ?ewc58,<br />Any thoughts on RAREF ?Anonymoushttps://www.blogger.com/profile/07800567034093544029noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-62620631052566336072011-02-22T12:12:39.549-05:002011-02-22T12:12:39.549-05:00I know of MrGneiss and look forward to his views a...I know of MrGneiss and look forward to his views and maybe a few picks.<br /><br />My horses are Golden Predator, Pelangio, Tarsis and Aurcana.<br /><br />Love REE's as well, have made a killing on Tasman Metals. I like and own Ucore Rare Metals (UURAF). But Medallion Resources (MLLOF)is my favorite baby REE and is a good buy right now at .44 Ask. <br /><br />Last for now, a very interesting pick bound for greatness: Focus Metals (FCSMF). Biggest pile of high quality flake graphite in the world. Many industrial uses and the Pebble Bed nuke reactors that everyone is building use the stuff by the tone. Graphite will be rising along with Uranium. The stock has started to take off in the past month, consider getting some exposure soon. No EE to worry about here either!ewc58https://www.blogger.com/profile/08838475045073270530noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-65500509664230253842011-02-22T12:12:26.864-05:002011-02-22T12:12:26.864-05:00If the EE stays true to pattern, expect another qu...If the EE stays true to pattern, expect another quick hammer down any minute. Buy like crazy at 32.50.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-35563863401239707932011-02-22T12:12:03.232-05:002011-02-22T12:12:03.232-05:00I'll bet they added 25,000 shorts today to cap...I'll bet they added 25,000 shorts today to cap the price. They have to start covering soon.Jackhttps://www.blogger.com/profile/09362531731591597011noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-36463792457075971332011-02-22T12:11:49.376-05:002011-02-22T12:11:49.376-05:00"/ = I want my IMPACT back!!
LOL Reefman."/ = I want my IMPACT back!!<br /><br />LOL Reefman.Anonymoushttps://www.blogger.com/profile/07800567034093544029noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-87646396137334520012011-02-22T12:08:47.299-05:002011-02-22T12:08:47.299-05:00"My wife. I think I'll keep her."
A..."My wife. I think I'll keep her."<br /><br />As an aside (while we avoid our work and watch the spot/miner prices..lol)<br /><br />Take a look at this link for a stroll back through commercial memory lane. Go to the very last link on the page...commercial megamix... for the above. .....(I feel somewhat old now:)<br /><br />http://www.tvparty.com/comjing.htmlAnonymoushttps://www.blogger.com/profile/07800567034093544029noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-75659844635947682622011-02-22T12:08:07.514-05:002011-02-22T12:08:07.514-05:00Those 50K March contracts will be the death of the...Those 50K March contracts will be the death of the COMEX if they don't roll.<br /><br />I don't think Blythe had any choice but to attack today like there's no tomorrow.CO_Danhttps://www.blogger.com/profile/16588538813568400164noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-60571782827372381512011-02-22T12:07:00.864-05:002011-02-22T12:07:00.864-05:00corn and beans bouncing back now from limit down. ...corn and beans bouncing back now from limit down. Wild trading. I still have not found a reason for limit down.Joe Josthttps://www.blogger.com/profile/18388234964957416025noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-3889082746679199342011-02-22T12:06:47.046-05:002011-02-22T12:06:47.046-05:00I just added CZN to my watch list just to remind m...I just added CZN to my watch list just to remind me on what I missed.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-68777116874207733542011-02-22T12:06:36.826-05:002011-02-22T12:06:36.826-05:00very interesting OI update, IF accurate (even reas...very interesting OI update, IF accurate (even reasonably so) then things are about to get VERY interesting.. I await Harveys update with great interest later tonight...Unknownhttps://www.blogger.com/profile/08538476328608325038noreply@blogger.com