JDH's weekly...

[dananini]

That news is a couple of weeks old.Problem is, the mine will be small scale with anticipated revenues of $40 million a year.I guess ANY "good news" should be appreciated at this point.

[Croaker]

JDH is right on the mark in my book, hold cash and go big on gold. 

I dumped my U's except for 2, I thought I would keep around 5-10 but I could not find 5-10 I wanted to hold in this market. So I stayed with DNN and FRG only. I was going to keep URRE, but I did not like the warm and fuzzy feeling I have for the economy to start moving again anytime soon.

I went on the heavy side with gold. GFI, MFN, GG, NAK and put money in UNWPX. I am in silver with SLW, FVI and IPT. I have 6 other small gold and silver stocks I am in, that are from Casey. I had all these prior and just added to them.

I figured I would take my lumps now for Tax purposes next year and put the money to use for this year. I feel Gold will be good to great this year and Silver Fair to Good. Only because there is so much uneasyness in the market and everyone feels or knows there will be more "What the $%$%%" and O.K., what's next" to follow this year.

And who knows what will happen when all the Tax breaks expire in 2009. Are they going to let them expire or keep them in place? Now is not the time to figure that out, but come Oct/Nov we will hear nothing but this and that will just keep the market in the "I don't know what the $#$% is going on" mode.

[Depleted]

Yes, on the sidelines for Uranium and go for the gold (and silver). Sounds like a great near term strategy to me. Also maintain some attack capital ready for when the uraniums change, because they will, and you don't want to miss out on the initial surge....Depleted.

[richmanch]

I agree with JDH's near term strategy, though I don't want to turn into a day trader. I might try stink bids and placing some GTC for the spikes.

I still have a core position of DNN, and will add to it on dips, which based on the chart, seem very likely.

[punter]

Some good comments. The big picture is still a face slapping no brainer. The power went out in South Africa due to a lack of generation capacity. The capital Cape Town is in the dark tonight ( as it has been for a week now) and the situation is going to last for at least 5+ years according to the government.

The majority of China is shivering in the dark today because of same. 13000 coal mines have been closed this year. And by the way did anyone notice the action over in FDG.UN the past couple of days? Takeout anyone?

It is going to take a while for the world economies to have to suck it up and find a way to deal with skyrocketing energy costs. But skyrocket they will. It's all about time. Time, foresight and patience. The two instances are being well covered by the general media. When this happens in North America or Europe ( and it will ) how long will it take for the proverbial sh#t to hit the fan. I hold long energy, including 'U'. My approach is too hold core positions ( because I think the surprises will be to the upside from this range) WITHOUT HAVING ANY ONE POSITION OVERWHELM ANOTHER.  And don't go out on margin, unless you're a gonzo trader and if you are, keep us posted on how you're doing. Being a slow winner is better than being a big loser.

I have also been navel gazing from 30000 ft. at Water for the past two years and am just now building a very slow position in the CWW, which I think is a more pure play to get exposure over the PHO which clones the Palisades. The index did nothing for the longest time but then just in the past six months has begun to whimsically flutter to life. My read is that water is going to come to the attention of the mass medid as soon as this summer when Atlanta Georgia officially starts rationing. It has already issued warnings that any new development may be subject to restriction and possible moratorium. Currently there is a major legal battle over allocation between Georgia and Florida. Blue gold , well just maybe.

Any other navel gazers out there?

[Dr George]

punter,
mind giving some more insight into cww,
I have no idea what company this is.
thanks.

[punter]

CWW  is a Claymore ETF in CDN dollars that invests in Water related industries and assets. The holdings are international and include everything from water infrastructure to distribution and everything in between. Look up Claymore and read up on the water ETF. Another reason I bought the Canadian issue as opposed to the US similar fund ( PHO ) was to stay out of US currency for the time being.

Good luck with it.

[punter]

More on CWW

World Stock  CWW  Claymore S&P Global Water ETF (Common Class)  Developed World  $17.34 $16.93 $17.10 1.00% 4,395 1/25/08     
 CWW.A  Claymore S&P Global Water ETF (Advisor Class)   $17.00 $16.92 $17.50 3.38% 900 1/25/08     

[Dr George]

Thanks I will look into it.
Water is certainly the most fundamental investment after all.