tag:blogger.com,1999:blog-7982981413278241287.post2954600107527287422..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Prominent Mining Executive Says Gold Will Eventually Go To $5,000Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-7982981413278241287.post-13526649051444646792010-01-21T13:27:26.761-07:002010-01-21T13:27:26.761-07:00Hey Peter, I don't own US Gold but at some poi...Hey Peter, I don't own US Gold but at some point I'll probably revisit the story and make an assessment. I don't have room for it in my fund right now but you can't go wrong investing in Rob McEwen.<br /><br />Will do a post on it when I get around to looking at it.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-60232797136855695682010-01-21T13:14:46.307-07:002010-01-21T13:14:46.307-07:00Anyone own US Gold? I do and I am glad I bought se...Anyone own US Gold? I do and I am glad I bought several thousand shares.However, I welcome comments re: where this company and where the price of gold will go.<br />Comments?PeterSchissel.comhttps://www.blogger.com/profile/16919327916824133967noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-54225530654061149022010-01-14T20:18:02.415-07:002010-01-14T20:18:02.415-07:00FNM/FRE will ultimately cost at least a trillion, ...FNM/FRE will ultimately cost at least a trillion, I bet.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-72923628785107354272010-01-14T18:23:28.001-07:002010-01-14T18:23:28.001-07:00Dave,
my favorite quip from the INTC CFO:
"Sm...Dave,<br />my favorite quip from the INTC CFO:<br />"Smith said Intel had not yet seen signs that big companies are feeling freer to replace their old PCs, but that he expects it to happen this year."<br />Well I have been "expecting" to win the lottery for a while now but no dice! At least he is CONfident.<br /><br />Oh yeah,<br />FNM/FRE bailouts to cost more than Iraq and Afghanistan combined.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-91042542704639563942010-01-14T16:47:52.527-07:002010-01-14T16:47:52.527-07:00gyc, i don't even bother looking at INTC's...gyc, i don't even bother looking at INTC's numbers anymore. there's so much channel-stuffing going on in the tech industry that it's impossible to tell for sure what's real and what isn't. I didn't look at the news release, but unless they're selling a lot of product in Asia the numbers are bullshit. You see the retail sales numbers? Strip gasoline inflation out of that and they were a complete disaster. people were'nt loading up on computers in thsi country.<br /><br />they may have gotten a boost from selling netbooks. but another trick they do, and i've seen pics of this, they recognize sales when a shipment leaves port on a ship, so what they do at the end of the qtr is load up a lot of "slow boats to China" and that product is counted as sales.<br /><br />The economy is absolutely collapsing. My buddy told me his parents were in Atlantic City earlier this week for an annual mid-week trip to Harrah's because they get a comp room and they said AC was an absolute morgue. They've never seen it like this. Gaming is a direct barometer of economic health.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-43749973796255878552010-01-14T16:07:10.212-07:002010-01-14T16:07:10.212-07:00Au/Ag still looking resilient, but so is this mark...Au/Ag still looking resilient, but so is this market rally. INTC beating earning big (and a increase of 10X 40 cents/share vs 4cents/share a year ago!? Hows that happen?) will probbaly drown out all the other bad news.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-84458177993039726502010-01-14T13:13:54.584-07:002010-01-14T13:13:54.584-07:00@Anonymous: I don't know. When McEwen took i...@Anonymous: I don't know. When McEwen took it public a couple years ago it zoomed up to like $8 because of his reputation. I haven't really looked closely at it and I do not own it so I can't speak intelligently as to the fundamentals. I did do a "drive-by" look at it several months ago and it looks like there's potential.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-35694861249367391842010-01-14T12:55:19.779-07:002010-01-14T12:55:19.779-07:00@Joe: dollar demise is on the horizon, not sure i...@Joe: dollar demise is on the horizon, not sure if happens this year. one thing i've discovered is that collapses take longer than i expect. I thought housing would collapse in 2005 LOLDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-88394115788212043372010-01-14T12:54:12.011-07:002010-01-14T12:54:12.011-07:00anliu - have not scene Still's work, but there...anliu - have not scene Still's work, but there's certainly some merit to that idea. I don't know what the final solution will be, but it should include gold as part of the equation. Clearly, Governments can't be trusted to operate w/out a currency anchor.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-8319944772764091542010-01-14T12:53:02.929-07:002010-01-14T12:53:02.929-07:00So is US Gold another $2 stock that's going to...So is US Gold another $2 stock that's going to $40?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21979807348374944102010-01-14T06:39:26.991-07:002010-01-14T06:39:26.991-07:00It is nice to see a mining executive come out and ...It is nice to see a mining executive come out and call for 5K Gold. However, I am of the belief we will see 5K Gold this year simply because the demise of the USD is imminent.<br /><br />Joe M.Joehttps://www.blogger.com/profile/16005483996588605077noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-46947892654126048412010-01-14T06:11:44.217-07:002010-01-14T06:11:44.217-07:00Dave have you seen Bill Still's documentaries,...Dave have you seen Bill Still's documentaries, The money masters and Secret of Oz? I agree with him that switching over to a pure gold backed currency would be a terrible move at this point in time, mainly because never before has the world's gold wealth been so concentrated in so few hands; namely the Rothschilds. Putting my personal gold bug biases aside I have to agree with him, that its not what backs our currency but who controls its supply.anliunoreply@blogger.com