Tuesday, March 8, 2011

DIAMONDS ARE A GIRL'S BEST FRIEND update III

While watching CNBS a theme on one of their segments today was an interview with a Harry Winston's CEO who was pumping diamonds discussing the ammount of extremely expensive diamonds that were being sold worldwide....many very large diamonds up to even 100 carats. Thats right I know its hard for you to believe but in the midst of a global financial collapse the very very rich are buying incredibly expensive diamonds. What does that mean? For one thing the rich are getting richer. SHOCKING! It might also be indicative that the very rich are perhaps investing in something other than fiat. Whatever you may believe there is a pile of money washing around the world and its going to get bigger. It has to find a place to land and if the very wealthy and the "smart money" distrust fiat its going into something they think has value........commodities. But more directly of course we have to look at gold and silver as the ultimate store. Silver for the masses and gold for the Kings.

Of course we have extended the most recent rally to some short term overbought conditions so expect a pullback but don't count on it. Once again If you are trying to trade this like an inveterate gambler....I hope you have at least tried to keep a core of miners and paper physical in PSLV and PHYS. I hope.

Next on the morning list of things to use toilet paper for is URANIUM MINERS. They are stubbornly refusing to budge off of the consolidation. Let's maintain our patience and not try to change our core strategy with UEC URG URZ DNN. RSI is still below fifty.

In the news today Raj Rajaratnam is hitting the headlines as the "face of Wallstreet"...HAHAHAHA.....Wallstreet????? Are you kiddin me???? Well to be fair ....they did just arrest a Goldman man.....GUPTA!!!!! HEHEHHEHEHEEHHE. Yup our country is on top of the financial crisis and the two culprits that caused it. I know I feel better now....

I still like trying to trade SLW ANV GPL EZK HNR LNG here. so watch them for pullbacks...

BTW Wilbur Ross doing his duty for the Cabal ...stated innocently on CNBS that "it seems to me that oil is the new gold..." Well yes Wilbur any chance you can get to suppress that damn gold threat to the cabal you've gotta take it don't you?? Maybe they'll give you another bone for that little statement. ehhehhehe

update I new pomo to be announced 2pm March 10 here is whats left the next two days

March 8, 2011 March 9, 2011 Outright Treasury Coupon Purchase 09/30/2016 – 02/28/2018 $6 – $8 billion

March 9, 2011 March 10, 2011 Outright Treasury Coupon Purchase 03/31/2015 – 08/31/2016 $5 – $7 billion

update II......Evening news analysis.....one word...CHAOS. Trying to find a news channel to show what is going on is like being locked for a day in a vegan spa then having a medium rare aged ribeye put under your chops. I feel like someone is starving me. The control of national and world news is becoming absurd. No wonder the sheep in other countries are going crazy. I guess the opportunity provided by the internet with their mobile devices has given them a window to the world. Funny how we are headed in the opposite direction with a continual dumbing down of our sheep. I am going to watch Al Jazeera live now and try and play Boggle with my daughter Have a good nite.

update III......don't sell your gold..

http://www.zerohedge.com/article/guest-post-driver-gold-you%E2%80%99re-not-watching?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

33 comments:

  1. Doctrader EPCT seems to maybe move some today, I cannot find any news.

    ReplyDelete
  2. Joe Take a look at DIBU, a friend has been trading it, doing well. Give me your thouhgts on it. It has nice moverment. Try to get in it around 115 to 100, 4.00 or better move a day. I really value your thouhts.

    ReplyDelete
  3. I hate diamonds. They are overpriced due to retail marketing and cartel issues.

    Worse, they can be manufactured. Buying a diamond as a store of value is like buying a Zimbabwe Ben Federal Reserve Note.

    ReplyDelete
  4. If you bought a wedding ring 5 or more years ago, you've likely made a profit on the gold, silver, or platinum band, even considering the retail markup you paid.

    But you are way underwater on the diamond.

    ReplyDelete
  5. Yes Epct has some pre mkt volume see where it ends up..The CEO is speaking at conference tomorrow.Also you guys might want took look at peix if you like chp good plays IMHO...

    ReplyDelete
  6. Woodcarver,
    I have not been following EPCT, but I will start watching/reading about it.
    I have DLCS which reports earnings tomorrow @ 8:30am.
    I am not sure what to say about diamonds, but it was funny the other day after I bought some silver coins, my wife asked,..."How come we just don't buy diamonds? They are small & easy to carry."
    Seems to me the coins have more liquidity. Luckily, she does not read Kliguy.

    ReplyDelete
  7. Thanks for the reply on EPCT DJ. I thought that DOC was the one who had mention it, thanks for your reply also Doctrader

    ReplyDelete
  8. Just a note about EPCT 2 late stage drugs one for AML approved in EU and Isreal Partner MEDA is starting to sell drug in EU now looking also for approval in ASIA as well this year..The kicker to me is their NP 1 Drug to relieve pain from chemo patients both drugs have alot of potential..18 -24 month hold but super chp.....cheers....

    ReplyDelete
  9. Uranium again bouncing off lows...silver gold consolidating.....added tiny of all......

    ReplyDelete
  10. URA my proxy for uranium miners is double bottoming on nice resistance... could be ..

    ReplyDelete
  11. More insider buying by GMXR, look at Form 4s just came out:

    http://yahoo.brand.edgar-online.com/default.aspx?cik=1127342

    ReplyDelete
  12. GMXR:

    http://seekingalpha.com/article/257004-5-resource-rich-energy-companies-at-bargain-prices?source=yahoo

    ReplyDelete
  13. http://finance.yahoo.com/q?s=dcth&ql=1

    ReplyDelete
  14. Yes Palmer I do think GMXR is worth having $$$$$$ in fo sure!!!

    ReplyDelete
  15. DCTH and CLSN seem to run together..similar bio applications..

    ReplyDelete
  16. LNG retracing big as I type...50 day in 7's ...

    ReplyDelete
  17. Today is first day on daily RSI on LNG is below 50 since October of 10...hum...

    ReplyDelete
  18. Kli......see a brief post on EGO the other day,,,,,looks like a good time to reload????

    ReplyDelete
  19. Also found an undervalued miner CXZ.....Should be right were DNN is. Any thoughts?????

    ReplyDelete
  20. SLW $2 down and back again. wow.

    ReplyDelete
  21. YEA SLW up 50% in like 3 weeks...

    ReplyDelete
  22. This comment has been removed by the author.

    ReplyDelete
  23. Physical precious metals should continue to hold well going forward, especially now that every tyrant in the world sees how easily the banking cabal can confiscate their bank accounts, a la the Crazy Colonel. Leader of Tunisia loaded up the Central Bank gold and flew to Saudi Arabia under the the protection of the House of Fraud, as long as he can pay.

    Uranium miners, like any miner, suffers from sensitive operational costs like diesel fuel.

    S&P setting up for a minor drop on daily before the monster short squeeze, you can fill in the world headlines to make it fit.

    Things should hold out a little longer unless those 10,000 House of Fraud Troops fail their Ponzi Keeping Mission in the Shia areas of Fraudi Arabia.

    ReplyDelete
  24. Well written red.....I'm putting my money on the strong nationalism of the House of Fraud's loyal subjects. I'm sure that the ranks of their troops will swell with courage as the charge into the ranks of the unarmed crowds of women and children.....hopefully they will hit them with an aerial carpet bombing before the risk the attack......after all these are the best troops money can buy......btw...do ya think ANY of them are saudi nationals??? hehehhehe......Doubt it...

    ReplyDelete
  25. http://seekingalpha.com/article/256506-cubist-pharmaceuticals-lots-of-cash-and-low-valuation?source=yahoo

    ReplyDelete
  26. Yikes, buy, sell, hold? on lng?

    ReplyDelete
  27. I puked it up at the bottom sister......so that means you should hold.....

    ReplyDelete
  28. ZLCS had a good day. Nice to see it trade back down to 2.08 and then bounce back and close at the high of the day.
    ?good news coming?? We will find out tomorrow am.

    ReplyDelete
  29. Seems like serious issue with LNG:

    http://www.fool.com/investing/general/2011/03/08/cheniere-energy-shares-plunged-what-you-need-to-kn.aspx

    ReplyDelete
  30. Silver investing - Chinese style: http://www.financialsense.com/contributors/dan-collins/chinese-silver-investors-bring-suitcases-of-cash

    ReplyDelete
  31. Hehehhe Inlet, that's how I used to acquire my silver before it hit double digits. Except it was by the hotel pool swapping dead fiat Presidents for 90% US silver coins over a cold one.

    ReplyDelete