Stockmarket October 2010

[sunseeker]

“Coal & Allied Cuts Annual Target on Adverse Weather (a subsidiary of RTZ).”

http://www.coaled.com/coal-allied-cuts-annual-target-on-adverse-weather/


Buy Peabody Options on Earnings, Supply Disruption, UBS Says

http://www.businessweek.com/news/2010-10-15/buy-peabody-options-on-earnings-supply-disruption-ubs-says.html

Sunseeker
Re: Stock Market September 2010
« Reply #27 on: October 03, 2010, 02:40:39 PM »

“I've got some coal through a company with a fund like structure (POL).”
http://www.poloresources.com/

http://buy-high-sell-higher.com/forum/general-discussion/stock-market-september-2010-t1168.0.html;msg14017#msg14017

I wondered why I was beginning to be drawn towards coal (and Uranium).

You get a foot in both camps with SRI. It's the one I've been banging on about recently.
http://www.spartonres.ca/

ATB  

PS
Re: http://buy-high-sell-higher.com/forum/general-discussion/precious-metals-t1018.0.html;msg14056#msg14056

“ERII has been a bit of a disappointment so far.....
 
http://www.energyrecovery.com/

Too much clean fresh drinking water about?
My present exposure is onlly at a speculative level. Just a drop in the ocean.  

I'll have to exercise patience.”

Update. If I sold it now I would be exactly £1 in profit after all expenses

A guardian angel must be watching over me.

"A journey of a thousand miles starts with a single step."  (Mao Tse-tung (Zedong), 1893-1976)

I wouldn't expect it to be MAO though. LOL

[MetalMeister]

Let's hope that's not your angel...   

http://en.wikipedia.org/wiki/Mao:_The_Unknown_Story

Mao: The Unknown Story is a 2005 biography of Chinese Communist leader Mao Zedong (1893–1976) written by the husband and wife team of writer Jung Chang and historian Jon Halliday, and depicts Mao as being responsible for more deaths in peacetime than Adolf Hitler or Joseph Stalin.

Number of deaths under Mao

The book opens with the sentence "Mao Tse-tung, who for decades held absolute power over the lives of one-quarter of the world's population, was responsible for well over 70 million deaths in peacetime, more than any other twentieth century leader." Chang and Halliday claim that he was willing for half of China to die to achieve military-nuclear superpowerdom. Estimates of the numbers of deaths during this period vary, though Chang and Halliday's estimate is one of the highest. Sinologist Stuart Schram, in a review of the book, noted that "the exact figure... has been estimated by well-informed writers at between 40 and 70 million".[6]

A guardian angel must be watching over me.

"A journey of a thousand miles starts with a single step."  (Mao Tse-tung (Zedong), 1893-1976)

I wouldn't expect it to be MAO though. LOL

[sunseeker]

A quick update. I sold my GCLS first thing yesterday (2.5 times profit), and rolled most of it into the ordinaries GCL (adding to the position I already have there) . The “Subs” had done a great job but they still had some way to go to expire in profit.

SRI had a good day. Up another 6.1%.
But what about PEZ??? Up 31.2%.
http://buy-high-sell-higher.com/forum/general-discussion/precious-metals-t1018.0.html;msg14056#msg14056

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aPEZ-1769558&symbol=PEZ&region=C

Good fortune is still smiling on me.

Have to rush off out with Mrs. SS to smell the roses and then we're off to the cinema later to see “Wall Street 2. Money Never Sleeps.”

ATB 

[punter]

Rare earth Elements sector has been doing well...GWG....AVL...RES....SMY....MDL....MCP.....REE etc all up. Got any you'd like to add. What is Dines touting?

Gold went positive last night and opened NY positive this am.......resources all back after yesterdays panic. Some got hammered with the loss on the day and the commission...not to mention the loss of the up tick today...doesn't pay to shit in your boots somedays.

I had a chance look at NOK's new N8 yesterday.....a lot of media proto's are out now. It looks like 'the grown ups Iphone Killer'. The Nokia sophistication makes this a buisnnes persons device with the multi media kicker that goes way past every on the market. The seamless and unpixelated screen is worth the wait...sound is fantastic...like watching HD quality TV.

Kids might not love it....the facebook and social media icons and such are not designed for the 11 year old the way Apple has configured them...but as far as the technology afficionado is concerned this is a 'wow' machine. I'm not a technology guy but this is miles ahead of the others inc RIM ( which aside from email is a piece of crap) but this N8 is the grown ups phone of the year...smart..real fast....perfect and its kind of got that 'je ne c'est qua' classy look....like you can afford such a thing.


BTW I am a NOK shareholder.....I've watched lots of giants get back on their feet after changing guard....look at when Gates stepped aside after mis reading the internet for ex.

Another underdog I just bought is MFC at $11...down from $50...for borrowing to expand into China??? The stock has been needlessly dumped on.


Forgetting that NOK still sells 1.6 of every two cell phones in the world every day is mis reading the hype IMHO.

Bank of America may be another example.

[punter]

NOK announced a major re-org....1800 jobs lost...but improved sales and profit. Stock up another few percent on the news.

[sunseeker]

I have started to accumulate copper again.
Just bought ANTO at £12.96.

We're enjoying a short stay in Chester.
http://www.chestergrosvenor.co.uk/

Lunch in the hotel  followed by some sightseeing. There's a little café on the River Dee just opposite where you can go on the river boat tours which sells the best (Cheshire Farm) ice cream where we hope to enjoy the vistas (weather permitting) whilst eating ours later.


The hotel provides all the (quality) daily newspapers for guests to read.
After reading this article I looked it up on the web (I hope the link works over the pond):

A couple renewing their marriage vows in the Maldives were shocked when their video was translated:

http://www.guardian.co.uk/world/2010/oct/28/maldives-apology-marriage-vow-couple

"You are swine," the unwitting couple were told. "The children that you bear from this marriage will all be bastard swine. Your marriage is not a valid one. You are not the kind of people who can have a valid marriage. One of you is an infidel. The other, too, is an infidel and, we have reason to believe, an atheist, who does not even believe in an infidel religion."

I wonder how many other people have unwittingly been subjected to such abuse without realising it?

Must dash ----------
ATB 

[MetalMeister]

Forgot this one two weeks ago but it is priceless.

No commentary but lots of good music, pictures, and special effects...

http://www.youtube.com/watch?v=quvK_o1px3A&feature=player_embedded

[MetalMeister]

And here is this weeks, with commentary.

http://www.youtube.com/watch?v=uz3i3mfofd0&feature=player_embedded

[sunseeker]

And here is this weeks, with commentary.

http://www.youtube.com/watch?v=uz3i3mfofd0&feature=player_embedded

Hi YC

Not a pretty picture...


http://www.zerohedge.com/article/iran-announces-it-has-converted-15-its-100-billion-fx-reserves-gold

." There is your mystery buyer to all that gold the IMF was selling in Q3... And since Ahmadinejad said that Iran's total FX reserves exceed $100 billion, the amount of gold in stock held by Iran is more than $15 billion. Which is equivalent more than 345 tonnes at a closing price of about $1350. Which also means that the WGC's official gold holdings are in dire need of an update, as Iran does not appear anywhere on the IMF's listing of official gold holders, and with over 345 tonnes, it would make Iran a top 15 holder of the yellow metal.

http://inflation.us/silvershortjpmorgan.html

Silver Short Position Could Cost JP Morgan Billions in Losses

It was just announced late Wednesday that two lawsuits have been filed in Manhattan federal court against JP Morgan and HSBC Holdings Inc. accusing them of manipulating the price of silver by "amassing enormous short positions". The suits were filed by Brian Beatty and Peter Laskaris, who each claim they lost money trading COMEX silver futures and options contracts as a result of JP Morgan's alleged manipulation.

It's all coming to a head.

Did you manage to deploy your cash or are you still waiting for a pull back like me?
 
ATB 

[MetalMeister]

Still gritting my teeth with cash in hand... 

Have been thinking about another farmland purchase as well cause I know real estate is going further South as evidenced by this CNN Money article:

http://money.cnn.com/2010/11/01/real_estate/housing_market_state/index.htm

Not sure how much this affects agricultural land as I have not been following that closely but I expect housing to take a much wider tumble than this writer says at 8%.  He also mentions that the overall is 34%.  Bottom might be reached at 50%, not sure yet.  I don't expect a housing rebound for another 10 years in the US.

Some friends on other forums are writing they expect silver to go to $22 later this week after QE2 is announced.  Money might flow to equities.  Somehow I doubt it.  One reason is I saw signs the FED may not buy as broadly as the market was thinking, to make a difference.  Have seen several writers advocate $4 trillion would set the ship aright.  Many think it will be $1-2 trillion.

[sunseeker]

Still gritting my teeth with cash in hand... 

Have been thinking about another farmland purchase as well cause I know real estate is going further South as evidenced by this CNN Money article:

http://money.cnn.com/2010/11/01/real_estate/housing_market_state/index.htm

Not sure how much this affects agricultural land as I have not been following that closely but I expect housing to take a much wider tumble than this writer says at 8%.  He also mentions that the overall is 34%.  Bottom might be reached at 50%, not sure yet.  I don't expect a housing rebound for another 10 years in the US.

Some friends on other forums are writing they expect silver to go to $22 later this week after QE2 is announced.  Money might flow to equities.  Somehow I doubt it.  One reason is I saw signs the FED may not buy as broadly as the market was thinking, to make a difference.  Have seen several writers advocate $4 trillion would set the ship aright.  Many think it will be $1-2 trillion.

Hi YC
 
Just like you I'm gritting my teeth waiting for that (elusive?) pull back.

           
Farm land?
Just a thought...........
All these are all examples of companies which have agricultural land (to a greater or lesser degree):

SCP
http://www.sprottresource.com/

ALCO
http://www.alicoinc.com/
1.6%
TRC
http://www.tejonranch.com/

CZZ
http://www.cosan.com.br/cosan2009/web/default_pti.asp?idioma=0&conta=45
2%
ALEX
http://www.alexanderbaldwin.com/
3.7%

Have you considered buying into some of these instead of purchasing agricultural land yourself?

Although you don't get total exposure to agricultural land you don't have to farm it, and there might be taxes or other financial overheads to take into consideration. You needn't have your capital tied up as you can buy or sell in an instant, and where indicated you receive a dividend yield too.

Not a recommendation but worth a read...
http://www.food-water-energy.com/ali.php

ATB 

[sunseeker]

CREDIT an email from:
http://roadtoroota.com/

Dimon Burdened With WaMu as JPMorgan Makes Overseas Push
http://finance.yahoo.com/video/marketnews-19148628/dimon-burdened-with-wamu-as-jpmorgan-makes-overseas-push-22783558
 
Listen to this quote that 80% of JPM's mortgage portfolio are troubled assets and they have reversed a large amount of reserves so there is no margin of error.
 
Notice that there is NO MENTION of the Silver Investigation as there is STILL NOT many people who know of the silver manipulation issues. The CFTC announcement of charges when it comes, and it will come, will shatter the banking cabal and send silver prices into the stratosphere! The $100 Trillion JP Morgan derivative meltdown ain't gonna be pretty.

 
Make no mistake...these are frontal public attacks on the Bad Guys that will hit a fevered pitch come next week.
 
Tick, tick, tick...
 

Looks like I'm going to be gritting my teeth waiting for a pull back in silver for quite some time.
Luckily
I do hold physical silver
SLW
FRES
GPM (which has some silver interest) and which is incidentally up 7.1% today.
http://www.ncim.co.uk/fact/gppm.pdf

ATB 

[MetalMeister]

Laying in bed here and added bhsh to my HTC so I'm always connected!

Thanks for the ah plays but what I'm looking for is land for personal farming during the societal collapse that's coming....

Will check those later .

[sunseeker]

Multi post alert.... Multi post alert...

First up I'm pumping water again.

ERII
http://www.energyrecovery.com/



US cities running out of water:

http://247wallst.com/2010/10/29/the-ten-great-american-cities-that-are-dying-of-thirst/2/

-----------------------------

A must read rare earths article.
Interested in rare earths?
What to look out for.


http://www.mineweb.com/mineweb/view/mineweb/en/page72102?oid=114089&sn=Detail&pid=102055
------------------------------
The $ and how China could corner the gold market:

http://blogs.forbes.com/investor/2010/11/02/opium-wars-revisited-will-china-corner-the-gold-market/

The current economic problems for the US are the result of decades of government mismanagement.  The solution is either strong growth or inflation. There does not seem to be the political consensus needed to spark strong growth so inflation and therefore, dollar depreciation is the prospect.  The effect on China would only be one of any number of negative unintended consequences.  You thought the recent financial crisis was over?  Hard times have just begun.  If you have not yet diversified your portfolio to protect against inflation, there has never been a better time than now.

------------------------------
Will the Russians to launch counter bid for Canada's Potash Corp.?

http://www.bloomberg.com/news/2010-11-03/russia-asks-fertilizer-companies-to-consider-joint-bid-for-canada-s-potash.html

http://en.rian.ru/business/20101103/161193637.html

I took the risk and dipped my toe into SXX (UK) today @ 6.8 pence (Punt money only). I've been in this one before and doubled my money (sorry I didn't mention it here at the time).

http://www.siriusexploration.com/

A tiddler with great potential if the POTs hot up.
 
ATB 

[sunseeker]

Silver Gold GOLD SLW SRI PNP SCP AAB GDXJ GCL CZZ ALEX BH TRC ANTO........................

Someone pinch me...........
today.

                                               

ATB