Google GOOG is loosing its steam: First CFO abrupt departure, now "golden boy"

What do they know that Market crowd can not get yet?

Revenue is droping?

http://www.alleyinsider.com/2007/10/internet-rece-1.html

Are Google's days over? Stock has entered WaterFall zone after Baidu.com BIDU expectation was lowered at JP Morgan. Google will turn on a dime now after parabolic rise into crash.

Apparently upside of 20% from here is not worth the risk for them.

"Benjamin "bling" Ling, described as one of "Larry and Sergey's golden boys," is jumping to Facebook, reports Josh Quittner at Netly News. Ling will reportedly head the white-hot Facebook platform program, having previously succeeded with Google Checkout. Quittner says Google's stunning $600-plus stock price has backfired on the company, making it profitable for top staff to bail out now rather than waiting for more shares to vest."

More on WEB 2.0 Bubble:

http://sufiy.blogspot.com/search?q=google

Lundin Mining LMC LUN.to CC presentation

Rather busy conference call: few analysts and investment companies engaged, swiss UBS and Julius Baer are following the story. Main message apart from acquisitions Lundin Mining is dynamic organic growth story as well. Tenke Fungurume is on track to production in 2008 and Ozernoe feasibility study is moving forward.

From CC:

http://www.lundinmining.com/i/pdf/lumi_confcall071011.pdf

"This indicates to us that we're moving towards a new center of mineralization and presents distinct possibilities for additional copper resources," Neil O'Brien, Lundin's vice-president of exploration and business development, said on a conference call.
He said zinc drilling results at the mine were exceeding the company's expectations in terms of thickness of mineralization.
"We can tell you that what we are looking at... is one of the largest known undeveloped zinc resources anywhere," he said.

Lundin Mining Reports More High Grade Drill Results From Lombador Exploration.

"VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 11, 2007 -- Lundin Mining Corporation ("Lundin Mining" or the "Company") (Toronto:LUN.TO - News)(NYSE:LMC - News)(OMX: LUMI) is pleased to announce additional drilling results from the Lombador zinc zone at the Neves-Corvo mine."

Copper Fox Announces It Has Earned a 70% Direct Interest in the World Class Mineral Deposit at Schaft Creek

Now we will witness back in rights game with Tec Cominco:

"CALGARY, AB--(MARKET WIRE)--Oct 11, 2007 -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (CDNX:CUU.V - News) is pleased to announce that it has delivered notice to Teck Cominco Limited ("Teck Cominco") that it has surpassed the $15,000,000 threshold of qualifying expenditures in the world class mineral deposit located at Schaft Creek, British Columbia. Under the terms of the Option Agreement of the Schaft Creek Mineral Deposit ("the Option") dated January 1, 2002 between Teck Cominco and the Company, upon incurring $15 million in qualifying expenditures Copper Fox shall earn a 70% direct interest in the project from Teck Cominco. "This is the most significant milestone to date for Copper Fox," says Guillermo Salazar President and CEO of Copper Fox. Mr. Salazar goes on to say, "The Company expects to release a scoping study in October which will represent its first economic analysis on the Schaft Creek deposit. The company is fast tracking the mine plan development processes and remains on target to achieve its primary goal of completing a bankable economic feasibility report."

More on Copper Fox Metals CUU.v:

http://sufiy.blogspot.com/search?q=copper+fox

Silverstone Resources SST.v more Silver to come

"Lundin Mining Conference Call to Discuss Neves-Corvo and Zinkgruvan Expansion Plans"

I am looking forward to find out how much Silver will be sold to Silverstone Resources now with Expansion plans. With this addition SST.v valuation will be even more favorable compare to Silver Wheaton SLW.

You still can buy "New" Silver Wheaton at 2 CAD and a change, not for a long thou.

More on Silverstone Resources:

http://sufiy.blogspot.com/search?q=silverstone

Lundin Mining LUN.to LMC Upgraded

"Lundin Mining Raised To Buy From Hold At Paradigm >LMCLundin
Tgt Raised To C$16.75 From C$14.60 At Paradigm >LMC "

These guys know what they are talkimg about, they were ones who followed Tenke mining and issued BUY at CAD5.0. They also participated in PP in Tenke mining at early stage.

Google GOOG market cap is more then 200 billion dollars now.

Or I must refrase it "Google market cap is more then 200 billion dollars - not for long!"?

Henry Blodget proposed interesting game:

If you were the owner of all Google's shares: would you keep Google or take Cash?
What would you do with your cash?

You can bet this was my response:
"I would take cash: for 110 billion I will buy All gold mining companies in HUI index, then I will buy Lundin Mining - 5.5 billion, 50 billion for Oil&gas companies in Canada, Brasil, Russia and China; for 20 billion I will become King of Junior mining sector and will buy All promising deposits in Gold/Silver/Copper/Zinc/Lead/Nickel/Uranuim and will put 10 billion to short Google over 600. I will keep 4.5 billion in mix CAD/AUD/Euro in order not to think about my investments for 25 years. In 10 years I will buy for 100 million spin off from XinHua Agency former Google just to keep my blog ranking No 1 in WEB 2.0 Bubble search"

It is very simple, but powerful approach to see behind the trees. Very much Warren Buffett style: will you buy not stock, but business at this valuation or you would rather sell?

With economy going into recession, housing slump and credit crunch how will Google survive this valuation? Margins are falling, growth is slowing from the beginning of this year and market is full of rumours about disaster (be careful with this one it is too ground breaking)?

This is total insanity - stock price is pump out and earnings are almost irrelevant: who will care even if Google will miss again and growth will slow further? Now everybody is waiting for Gphone...and we have new target price of 745 to chase another 25% for the crowd amusement.

This company has not produced anything meaningful revenue wise apart from search so far, why it will be different this time?

How will we remember these days in 25 years time? Old Wise Guy Once sad: "Five most dangerous words in investing: It Is Different This Time" The more illusion is going on the harder fall will be, when crowd will through into the towel and not only stock price but shire existence of this company could be threatened.

What will happen if tomorrow there is no google.com page? Will your car stop, or there will be nothing to build that car with? Nothing to build your house with? Nothing to eat or cure your headache? You can not find your way to nearest pizza? Wait, there are still Yahoo!, MSN, ASK. What is the secret? We are very close to find out...

Google WEB 2.0 Bubble:

http://sufiy.blogspot.com/search?q=google

UBS has upgraded its gold forecast for 2008 and 2009

Crowd needs affirmation as usual and this one is coming from the right source: world biggest wealth management company, please be assured their clients were busy buying for months now.

"LONDON (Thomson Financial) - UBS has upgraded its gold price forecasts for 2008 and 2009 due to the changing macroeconomic outlook, on top of growing evidence the jewellery market adapted to higher prices.
The investment bank has increased its 2008 forecast to 760 usd per ounce from 650 usd, while they now expect bullion to average 700 usd per ounce in 2009 versus a previous forecast of 550 usd.
The potential for further weakness in the US dollar, which has recently fallen to a series of all-time lows against the euro, and the ongoing economic uncertainty stemming from the US sub-prime crisis has led UBS analysts to predict gold prices will now be stronger over the next two years than anticipated.
"The past twelve months has seen strong jewellery demand growth despite higher prices," said John Reade, UBS metals analyst. "Potential for a weaker US dollar, concerns about the credit crunch and the impressive rally have brought investors back to gold in ways not seen for years, or in the case of safe haven buying, decades."

Copper to $9,000 - Lundin Mining LUN.to LMC upside underestimated

When Lundin Mining took over Tenke Mining estimated long term price for copper in Tenke Fungurume Project was ... USD 1.0. There is a lot political risk, but I do not think that we will see copper at 1.0 USD for 1 lb again.

"Copper specialists Bloomsbury Mineral Economics believe that we can expect copper prices to reach $9,000 a tonne within the next two years.

Author: Lawrence WilliamsPosted: Friday , 05 Oct 2007
LONDON -
In a presentation at Mining Journal's 20:20 Copper Day in London, Chris Welch of copper specialist analytical service, Bloomsbury Mineral Economics (BME), made a strong case for copper reaching $9,000 a tonne - $4.08 a pound - by 2009. Given that BME has a great track record on copper price predictions such a prediction should not be taken lightly!

The point perhaps that both speakers were making is that individual corporate presentations of copper mine supply are frequently heavily overestimated but many analysts may take these as reality without applying a big enough discount for projects which are cancelled, fall behind schedule or for major supply disruptions for technical, political and labour reasons. Real growth in copper consumption remains very strong, older mines are becoming depleted and grades are declining sharply.
Another interesting point which arose in Longley's presentation was the rate of copper usage per capita in the Asian sector in particular. It was pointed out that growth in Taiwan and South Korea has been very high in relation to the developed nations where the curve was lower because of the existing copper based infrastructure. But in the real growth economies like China and India, this growth pattern has hardly started yet, and should this rise to Korean or Taiwanese levels then the effect on the$ supply/demand pattern could enormous with price development which could make $9,000 copper itself a huge underestimate!"

Lundin Mining LUN.to LMC Take Over Bid

If somebody was really interested to make a bid - it is right time: once uncertainty in DR Congo will be resolved stock will surpass CAD 20.0 and bid will have to be in CAD 30.0 region to be successful. With portfolio of Zinc, Copper, Lead and Nickel company is becoming very attractive target for acquisition. One of the suitors could be Freport-McMoRan with its pile of cash 2.0 bil USD and two J/V with Lundin Group: one in DR Congo - Tenke Fungurume and another one is Fortress Mining in Russia, which took off today to +20%? Is something going on?

Do you remember:

"Desjardins' take over price of CAD 25.00 for Lundin Mining based on Spring aquisitions value looks like a dream now, but time is flying fast and such bargains are not forever."

More on Lundin Mining:

http://sufiy.blogspot.com/search?q=Lundin

Lundin Mining LUN.to LMC expansion to Double Zinc production

Lundin Mining to Increase Zinc, Lead Output at Neves

Oct. 5 (Bloomberg) -- Lundin Mining Corp., based in Canada, will expand two mines in Portugal and Sweden to help double zinc production and boost output of lead.

Report from CitiBank on Gold

Do you remember who is one of the largest shareholders in CitiBank? Saudis has bought 30% more gold in second Q 2007 alone.

http://www.gata.org/files/CitigroupGoldReport092107.pdf

"...almost unbelievable.
Citi is/was part of the Anti-Gold Cartel. In this report they predict $1000 gold and acknowledge that central bank sales have been used to cap the gold price. THESE GUYS ARE THE ONES WHO HAVE BEEN DOING THE SHORT SELLING ON BEHALF OF THE CENTRAL BANKS. Clearly they have broken ranks. This is an incredible development.
CIGA Frankly"

Mantle Resources MTS.v is halted

Must be some serious news are coming...Lundin Mining LMC LUN.to owns 10% of the company.

End of the US Dollar as reserve currency of choice continued...

Country could be small, but trend is big. On every USD dollar spike more and more US Treasuries will be sold in order to diversify assets out of Subprime currency, gold and silver will fly:

"Dollar's double blow from Vietnam and Qatar

"Vietnam is planning to cut its purchases of US Treasuries and other dollar bonds, raising fears that Asian central banks with control over two thirds of the world's foreign reserves may soon join the flight from US assets.

Vietnam, which has mid-sized reserves of $40bn, is seen as weather vane for the bigger Asian powers.
Together they hold $3,575bn of foreign reserves, over 65pc of the world's total. China leads with $1,340bn, but South Korea, Taiwan, Singapore, and even Thailand all built up massive holdings.

Separately, the gas-rich Gulf state of Qatar announced that it had cut the dollar holdings of its $50bn sovereign wealth fund from 99pc to 40pc, switching into investments in China, Japan, and emerging Asia."

Sterling Mining SRLM.ob is trading in Toronto SMQ.to

It is very positive development for the company. Now institutional investors could buy this stocks and Toronto Exchange is providing much more credibility then OTC market.

"WALLACE, IDAHO--(MARKET WIRE)--Oct 2, 2007 -- Sterling Mining Company (Toronto:SMQ.TO - News)(OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) announces that further to the completion of conditional approval of the Toronto Stock Exchange ("TSX") to list its common shares (see press release dated September 28), the common shares of Sterling have now commenced trading on the TSX under the symbol "SMQ"."

The "new" Silver Wheaton

Silverstone Resources is receiving more and more spotlight:


http://www.businessday.co.za/articles/mining.aspx?ID=BD4A577205

More on Silverstone Resources SST.v:


http://sufiy.blogspot.com/search?q=Silverstone

Will Google miss expectations again?

Please note that Google's traffic is rising going into Q3, but less then Yahoo!'s. YouTube monetising and margins seams to be way below in order to improve Google's total picture. If industry insider is talking about Yahoo!'s flat Q3 in ads revenue Google will be under pressure to meet this Q3 expectations. EPS expectations are down to 3.74 from 3.75 in last 30 days. Somebody is already "talking down" expectation which is not a good sign particularly after CFO sudden decision about "retirement". It was not very much publicised fact that Google actually missed last Q2 expectation in EPS with actual 3.56 against expected 3.59: negative surprise of -0.8%. It was a clear change of trend with "normal" positive surprises to the upside from the Company. Nobody talking ofcause in Bubble Media about already apparent deteriorating fundamentals and slowing growth in financials results this year:

http://sufiy.blogspot.com/2007/09/google-goog-sailing-in-subprime-heavy.html

More on WEB 2.0 Bubble and Google:

http://sufiy.blogspot.com/search?q=Google

Silverstone Completes Purchase of All the Silver From Lundin Mining's Neves-Corvo and Aljustrel Mines

Lundin deal is closed:

"VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Sep 28, 2007 -- Silverstone Resources Corp. (CDNX:SST.V - News) ("Silverstone") is pleased to announce that it has closed its previously announced deal (June 6, 2007) with Lundin Mining to purchase all the silver production from Lundin Mining's Neves-Corvo and Aljustrel mines in Portugal for life of mine"

More on Silverstone Resources SSt.v:

http://sufiy.blogspot.com/search?q=Silverstone

Sterling Common Shares to Commence Trading on the TSX

"WALLACE, IDAHO--(MARKET WIRE)--Sep 28, 2007 -- Sterling Mining Company (OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) announces that further to the conditional approval of the Toronto Stock Exchange ("TSX") to list its common shares (see press release dated August 2, 2007), the Company has now satisfied all conditions of the TSX, such that the common shares of Sterling will commence trading on October 2, 2007 under the symbol "SMQ"."

Major Exchange will open Sterling Mining SMQ.to SRLM.ob to new buyers on institutional level who are not allowed invest in OTC markets. With its production development on track we will have hot Christmas:

"Sterling Mining Begins Processing Ore Through Sunshine Mill"

Silverstone Resources SST.v Denver presentation

New Silver Wheaton in the making:

MC 230 mil
0.700 Moz in 2007 up to 3 Moz of Silver sales in 2009
Resources over 300 Moz with historical
FCF in 2010 30 mil
Largest shareholders Lundin Mining 19% and Capstone Mining 22%

http://events.onlinebroadcasting.com/denvergold/092407/index.php?page=redirect

Silver Wheaton Denver presentation

Register, it is worth it:

http://events.onlinebroadcasting.com/denvergold/092407/index.php?page=redirect

Listen and learn, unique business model: option on rising Silver Price without time decay.

Only one remark: it is NOT the only pure silver company any more check out Silverstone Resources SST.v.