Sunday, May 13, 2007
Saturday, May 12, 2007
To those who are listening: capital preservation is N1 priority now. CS
I am never saying SELL to my bullish calls: it is always up to you: listen to me, do your thinking and establish position and then sell when it is time. Time is different for everyone, but today I will call for Capital Preservation. Take profit and go to cash at least 30% within next week. Do not rush and destroy your markets, but if decided act boldly and timely and with limits, spreading your orders. Individual charts will be published later. Nothing has changed, but do not forget that we are not marring our stocks - they are the way to create positive energy in the form of capital available for new creations. I should share my positions at the moment for more transparent play: No technology stocks, no big names, puts on GOOG, QQQQ, builders, real estate ETF, first time unleveraged and has taken profit on 30% on my biggest winning position. Reason: I feel definitely uncomfortable with general markets and would like to be in different mode: not trying to get last 20-30% on run up, but to buy value when everybody will be in panic. My value is in commodities: markets are very nervous and any drop back in China because of apparent disaster in USA and its economy could send shock waves across ALL ASSET CLASSES. Downside: Gold and Silver on the wedge of break out, but I think this time it will be VERY Political, just look at gold sales by Central banks this spring. More shake out will come. Time to build cash and build new positions on every desperate sell offs. Check your positions one by one. Fundamentals, management, TA. Will you buy it now again? If all intact: keep. If you are not sure sell 30%. Take profit on those with big run. Kill leverage. We are in the Great Bull market and survive in it. If I am wrong and our juniors will be unshaken we will enjoy further run and build new positions in places where nobody is going, no hype and pump - just value. Remember my very expensive lessons: if you feel too confident, check your cash position - Sell Off is coming. The best strategy so far is to buy when nobody wants and hold if value unchanged or going higher with metal prices and new exploration results. Never go for 50%, thousand things could go wrong - you need very big cushion of Potential value in order that its Realisation by trustworthy team will protect you from downside. What is the difference with juniors? Commodities will be needed - no questions here, if you have resources in the ground which are economical and confirmed by reputation of the Team and Industry Insiders positions - you have value in any market. Nowadays this value is exceptional and you must be prepared for the Next Big Run. Take profit where maybe 100% profit left and go where your next 500% could be. If you can not find it at the moment read some books and think, think, think with capital intact new ideas will come...
Wednesday, May 09, 2007
Gold: Behind the curtain. Harry Schultz. CS
Dear Lambs:Read our virtual obituary (yours & mine), spoken in 1991 by David Rockefeller, & oh so obvious in 2007:
"We are grateful to the Washington Post, NY Times, Time magazine & other great publications whose directors have attended our meetings & respected their promises of discretion for almost 40 years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated & prepared to march towards a world govt. The supranational sovereignty of an intellectual elite & world bankers is surely preferable to the national auto-determination practiced in past centuries." -- David Rockefeller, Baden-Baden, Germany 1991. Frankly, dear, dear readers of mine, I fear we've lost the game. The insiders have won. They now control all the levers of power, financial & political. Many good men in public office are prohibited by the system from reforming it. Commercial, media & political power is concentrated in just a few elite hands. I've (& others) warned (loudly) for decades in HSL what was happening & what would occur if nothing was done. People were lulled into lethargy via careful massive brain conditioning, became content to watch TV 7 hours a day, accepted the misdeeds of politicians, the raging moral degradation of society, the creation of media/corp monopolies, the ruin of money worldwide--begun (via careful plan) by Washington/NY insiders. People blamed inflation for their 50% loss of buying power in last 35 years, not realizing the definition of inflation is an increase in the quantity of money/credit by banks/govt, equally. They cleverly removed gold as currency backing to give them monetary control. There is now no legal restraint on govt. Govt distorts economic data & everyone knows it, but the kept-press is kept silent & thus nobody marches in the street about their life being sacrificed on the altar of globalization--offshoring jobs--the lie called "free trade," which in fact means the opposite, like all govt legislation titles. Eg, Patriot Act is unpatriotic if U still believe the US Constitution has merit & is a lighthouse for other nations. The minority who understand all the above are mostly afraid to make waves-which is also part of the grand scheme, to intimidate or buy-off critics. When a possible leader or competent critic emerges in the US, he/she is immediately made a member of the CFR, which thereby seals his/her lips. Or else! It's a refinement of a Mafia policy. It's done in a few other countries too, but not as widely or ruthlessly as in the US. In any case, my point is, we've lost. Individual freedom & civil rights are substantially gone or compromised beyond practical application. In the past I've always said: divide your time/funds, ie, devote say 50% of your effort/ funds to fighting to save &/or restore lost individual rights/liberty/privacy, & 50% to self-preservation (as U may lose with your freedom fighting). In recent times I implied those %'s need modifying, as we're losing ground & one must save one's family/self. Today, with the devilish North American Union being cemented into the US & Canada's future, the sabotage of freedom, both individual & collective, is being completed. So, I regrettably now recom U ratchet down your %'s, maybe to 10% vs 90%. Govts are not looking after your individual freedom (esp in Anglo Saxon nations-UK/Cda/Oz/NZ/US); so if U don't row a boat with your family flag on it (not a nation flag), U may help sink your family & yourself. Will individual/personal freedom & former civil rights come back some day? Maybe. Perhaps the extremity will lead to its destruction. But, if so, we have to get through a worse period before we get there, if we do. And to get through it requires a lot of effort, especially if U live in the US in its present mode; many are leaving the US til it is "safe" to return. Washington has become an imperial govt with the public regarded as peasants, & the laws have been changed to match. Everything is a crime if civil servants wish to use existing laws. Changing presidents doesn't change new laws. Washington is Rome. Caesars come & go, each inheriting & demanding greater powers than his predecessor. (US Pres. Executive Powers now total 12K, upsetting the system's balance of power) PS: One of my inner circle advised me against running this article, showing so little hope. But my duty is to my subs. If U want sugar coating, see big media. 1. Truth is honourable. 2. Total truth is often helpful, used wisely. 3. U & HSL gain from honesty; it binds us together, & offers a potential path for survival. 4. There are no strategies useable/ available to win against Big Brother govt at this late stage of lightning-fast deterioration of democracy/liberty/ privacy, when the casino is rigged against U. In the past 4 mos that erosion velocity has increased by 80%. 5. While there is no current hope for reform/change or replacing the controlling elite, what little hope there is to simply "survive"-physical, financial, mental-will probably depend on what may be called: deeper-PT. We'll try to simply define it, but not as openly as before, as it now becomes provocative, & risks being declared "illegal" or unpatriotic. U'd better learn to read betwn the lines. Owning physical gold is a minimum essential. I suggest U reread the last 12 HSL's. It's all there. Sauvé qui peut (save who can, or every man for himself, or run for your life). Harry Schultz
"We are grateful to the Washington Post, NY Times, Time magazine & other great publications whose directors have attended our meetings & respected their promises of discretion for almost 40 years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated & prepared to march towards a world govt. The supranational sovereignty of an intellectual elite & world bankers is surely preferable to the national auto-determination practiced in past centuries." -- David Rockefeller, Baden-Baden, Germany 1991. Frankly, dear, dear readers of mine, I fear we've lost the game. The insiders have won. They now control all the levers of power, financial & political. Many good men in public office are prohibited by the system from reforming it. Commercial, media & political power is concentrated in just a few elite hands. I've (& others) warned (loudly) for decades in HSL what was happening & what would occur if nothing was done. People were lulled into lethargy via careful massive brain conditioning, became content to watch TV 7 hours a day, accepted the misdeeds of politicians, the raging moral degradation of society, the creation of media/corp monopolies, the ruin of money worldwide--begun (via careful plan) by Washington/NY insiders. People blamed inflation for their 50% loss of buying power in last 35 years, not realizing the definition of inflation is an increase in the quantity of money/credit by banks/govt, equally. They cleverly removed gold as currency backing to give them monetary control. There is now no legal restraint on govt. Govt distorts economic data & everyone knows it, but the kept-press is kept silent & thus nobody marches in the street about their life being sacrificed on the altar of globalization--offshoring jobs--the lie called "free trade," which in fact means the opposite, like all govt legislation titles. Eg, Patriot Act is unpatriotic if U still believe the US Constitution has merit & is a lighthouse for other nations. The minority who understand all the above are mostly afraid to make waves-which is also part of the grand scheme, to intimidate or buy-off critics. When a possible leader or competent critic emerges in the US, he/she is immediately made a member of the CFR, which thereby seals his/her lips. Or else! It's a refinement of a Mafia policy. It's done in a few other countries too, but not as widely or ruthlessly as in the US. In any case, my point is, we've lost. Individual freedom & civil rights are substantially gone or compromised beyond practical application. In the past I've always said: divide your time/funds, ie, devote say 50% of your effort/ funds to fighting to save &/or restore lost individual rights/liberty/privacy, & 50% to self-preservation (as U may lose with your freedom fighting). In recent times I implied those %'s need modifying, as we're losing ground & one must save one's family/self. Today, with the devilish North American Union being cemented into the US & Canada's future, the sabotage of freedom, both individual & collective, is being completed. So, I regrettably now recom U ratchet down your %'s, maybe to 10% vs 90%. Govts are not looking after your individual freedom (esp in Anglo Saxon nations-UK/Cda/Oz/NZ/US); so if U don't row a boat with your family flag on it (not a nation flag), U may help sink your family & yourself. Will individual/personal freedom & former civil rights come back some day? Maybe. Perhaps the extremity will lead to its destruction. But, if so, we have to get through a worse period before we get there, if we do. And to get through it requires a lot of effort, especially if U live in the US in its present mode; many are leaving the US til it is "safe" to return. Washington has become an imperial govt with the public regarded as peasants, & the laws have been changed to match. Everything is a crime if civil servants wish to use existing laws. Changing presidents doesn't change new laws. Washington is Rome. Caesars come & go, each inheriting & demanding greater powers than his predecessor. (US Pres. Executive Powers now total 12K, upsetting the system's balance of power) PS: One of my inner circle advised me against running this article, showing so little hope. But my duty is to my subs. If U want sugar coating, see big media. 1. Truth is honourable. 2. Total truth is often helpful, used wisely. 3. U & HSL gain from honesty; it binds us together, & offers a potential path for survival. 4. There are no strategies useable/ available to win against Big Brother govt at this late stage of lightning-fast deterioration of democracy/liberty/ privacy, when the casino is rigged against U. In the past 4 mos that erosion velocity has increased by 80%. 5. While there is no current hope for reform/change or replacing the controlling elite, what little hope there is to simply "survive"-physical, financial, mental-will probably depend on what may be called: deeper-PT. We'll try to simply define it, but not as openly as before, as it now becomes provocative, & risks being declared "illegal" or unpatriotic. U'd better learn to read betwn the lines. Owning physical gold is a minimum essential. I suggest U reread the last 12 HSL's. It's all there. Sauvé qui peut (save who can, or every man for himself, or run for your life). Harry Schultz
Gold and Silver Lone voice in the desert
Lately I thought that everybody is fully crazy about Gold/Silver story, but apparently it is not the case. Dear Google shareholders you are welcome to our party!
Where have all the gold bugs gone?
Sunday, May 06, 2007
HUI/Gold Ratio at BUY by Hamilton
Perfect educational article:
"The HUI/Gold Ratio is as simple as it sounds, it is calculated by merely dividing the daily close of the HUI unhedged gold-stock index by the daily close in the price of gold. When this resulting ratio is graphed over time, it vividly illustrates the ever-shifting relative strength of the gold stocks versus gold."
Friday, May 04, 2007
Google GOOG the last straw to break the camel's back?
With slowing growth and falling EPS Google will not be able to justify its bubble valuation any more. "Strategic acquisitions" of YouTube and DoubleClick do not work and are depleting war chest of cash in front of severe competition from MSFT/YHOO. With this deal Yahoo! will receive a new push in right direction and access to Microsoft cash pile and software giant finally will have a chance to get it right in Internet space.
"Reuters
Microsoft eyeing deal to buy Yahoo: reportFriday May 4, 4:49 am ET
NEW YORK (Reuters) - Microsoft Corp. (NasdaqGS:MSFT - News) has intensified its pursuit of a deal to take over Yahoo Inc. (NasdaqGS:YHOO - News), asking the company to re-enter formal talks, the New York Post reported on its Web site on Friday.
While the two companies have held informal deal talks over the years, the latest approach signals a new urgency on Microsoft's part, the paper said, citing unnamed sources.
The approach follows an offer Microsoft made to buy Yahoo a few months ago, the Post reported, but Yahoo spurned the advances.
The Post said Wall Street sources put a roughly $50 billion price tag on Yahoo.
Microsoft and Yahoo could not immediately be reached for comment."
NEW YORK (Reuters) - Microsoft Corp. (NasdaqGS:MSFT - News) has intensified its pursuit of a deal to take over Yahoo Inc. (NasdaqGS:YHOO - News), asking the company to re-enter formal talks, the New York Post reported on its Web site on Friday.
While the two companies have held informal deal talks over the years, the latest approach signals a new urgency on Microsoft's part, the paper said, citing unnamed sources.
The approach follows an offer Microsoft made to buy Yahoo a few months ago, the Post reported, but Yahoo spurned the advances.
The Post said Wall Street sources put a roughly $50 billion price tag on Yahoo.
Microsoft and Yahoo could not immediately be reached for comment."
Wednesday, May 02, 2007
Barrick posts loss on charge to exit hedges
This is very significant development one of the biggest Hedgers in the market decided that gold will be going up and not down contrary to what they were thinking for years. I would say that we are standing right at the pivotal point in this Bull market. Technicals clearly showing this kind of development.
"TORONTO (Reuters) - Barrick Gold Corp. (ABX.TO: Quote) reported a first-quarter loss on Tuesday as it took a $557 million charge to exit hedge positions and take advantage of strong spot gold prices.
The world's biggest gold producer reported a loss of $159 million, or 18 cents a share, compared with a year-before profit of $224 million, or 29 cents a share.
Stripping out the charge to eliminate forward sales contracts, adjusted earnings were $398 million, or 45 cents a share, up from $263 million, or 33 cents a share.
Barrick said its hedge book for current production has been completely eliminated, although the company still has hedges related to projects still in development, particularly the Pascua-Lama project on the border of Argentina and Chile.
"It's great news that they have reduced their hedges, because that was an albatross around their neck," said John Ing, analyst sand president of Maison Placements."
The world's biggest gold producer reported a loss of $159 million, or 18 cents a share, compared with a year-before profit of $224 million, or 29 cents a share.
Stripping out the charge to eliminate forward sales contracts, adjusted earnings were $398 million, or 45 cents a share, up from $263 million, or 33 cents a share.
Barrick said its hedge book for current production has been completely eliminated, although the company still has hedges related to projects still in development, particularly the Pascua-Lama project on the border of Argentina and Chile.
"It's great news that they have reduced their hedges, because that was an albatross around their neck," said John Ing, analyst sand president of Maison Placements."
Tuesday, May 01, 2007
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