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Archive for 2011

AGORACOM Small-Cap Wire – George Says Set Stops; McLaren Resources Gold In Timmins

Posted by AGORACOM at 10:28 AM on Tuesday, November 1st, 2011

AGORACOM WIRE – TUESDAY NOVEMBER 1ST, 2011

GEORGE SAYS:

  • Markets Are Strictly Running On Headlines Today.
  • Best Strategy Is To Stay Away Until It Sorts.
  • Set Stop Losses On Recently Acquired Positions.
  • Place “Stink” Bids On Long Stocks You Really Like
  • Dow Jones Sitting At Wed Afternoon Pre-Euro Deal Level

TAKE A MOMENT TO DISCOVER OUR SPONSORS – THEY ARE GREAT!

  • Blue Quartz Property is located in the Beatty Township 73km East of Timmins
  • Property is surrounded by numerous past and presently productive gold mines. Most notably the Black Fox mine (Brigus Gold), the Hislop mine (St Andrews Goldfields) and the Ross mine
  • Recent Drill Results include: 63m of 1.21 g\t gold and 2m of 13.95 g/t gold

Link to HUB / Website / Stock Quotes

AGORACOM Wire: QE3 Cometh, China Copper Lies, Zinc Looks Golden, Occupy Wall Street Video

Posted by AGORACOM at 7:46 PM on Thursday, October 13th, 2011

AGORACOM WIRE – THURSDAY OCTOBER 13TH, 2011

TOP STORY …. QE3 CLOSER THAN YOU THINK AFTER FED RELEASES MINUTES …

QE3 DELAYED, NOT DEAD: George Has Stated All Along That QE3 Would Be Delayed … Now Zero Hedge Releases This Report

CHINESE COPPER LIES: Chinese Copper Inventories Revealed To Be Double Estimated … Or are they? Did China lie in 2010, or now? Read More

ENVIRO AT RING OF FIRE: Mining Watch Canada NOT Happy With Ring Of Fire Enviro Assessment Member Post

GRAPH – AMERICANS NOT WORKING: Only 58% Of Americans Have A Job Today … What It Will Take To Fix It Read More

RITHOLTZ PISSED AS FLORIDA AG FOR SALE: Florida AG Takes Orders, Money from Fraudclosure Firm – Fires top Fraudclosure lawyersRead More

ZINC LOOKS GOLDEN:  Zinc Bear Market Seen Coming To An End With China Gobbling Up Supplies … Good For New Donner Metals / Xstrata Mine … Full Story

MUST WATCH VIDEO … Jeffrey Sachs Hammers Wall Street, Republican Congress and Obama At Occupy Wall Street Scrum … Why The Whole System Is Rigged And Why It Needs To Be Ripped Down Watch Video

NEW HUBS LAUNCHED !!

Moneytospend has launched the AM Gold Inc HUB

DISCHINO has launched the Spare Backup HUB

TAKE A MOMENT TO DISCOVER OUR CLIENTS – THEY ARE GREAT!

Link to HUB / Website / Profile

Only 58% Of Americans Have A Job Today … What It Will Take To Fix It

Posted by AGORACOM at 2:03 AM on Thursday, October 13th, 2011

Until this trend changes, the US economy is moving closer to 1960 than 2000.  What will it take to turn this trend around? A combination of the following:

  • Banks need to start lending to small business
  • Corporations need to start spending some of their cash
  • Congress needs to provide fiscal stimulus that focuses on small business and large infrastructure
  • Congress and / or the Fed need to unclog the real estate market = incentives for banks and borrowers to take their medicine and finally part with dead real estate

Click on image to be taken to full story at Business Insider

Jeffrey Sachs, Economist and Harvard Professor, Speaks The Truth At Occupy Wall Street

Posted by AGORACOM at 11:41 PM on Wednesday, October 12th, 2011

You simply need to listen to Obama supporter, Economist, Harvard Professor.   If you need to review his qualifications, see the Wikipedia entry below …. but watch the video first and take my word for it.  Here are just some of the things he had to say, which aren’t original but carry much more weight given his status.  I love the fact he expressed them on the fly during a media scrum at OccupyWallStreet …. The man needs to run for President:

  • The White House, Congress and The Senate Are Bought And Paid For
  • Get The Money Out Of Politics IF You Want Democracy Back
  • Obama Looked Like He Was Going To Change This Until He Put Wall Street Into The White House
  • He Hired The Team That Created The Mess To Begin With
  • Sachs Supported Obama In The Last Election
  • Obama Is Raising A $1 Billion War Chest For Re-Election
  • The People Need To Use Social Media To Effect Change As Fast And As Wide As Possible
  • Especially Since American Politicians Don’t Have A Clue About Social Media And Can Be Exploited
  • Who Watches TV Anymore Anyway

Jeffrey David Sachs (pronounced /ˈsæks/; born November 5, 1954, in Detroit, Michigan) is an American economist and Director of The Earth Institute at Columbia University. One of the youngest economics professors in the history of Harvard University, Sachs became known for his role as an adviser to Eastern European and developing country governments in the implementation of so-called economic shock therapy during the transition from communism to a market system or during periods of economic crisis. Some of his recommendations have been considered controversial. Subsequently he has been known for his work on the challenges of economic development, environmental sustainability, poverty alleviation, debt cancellation, and globalization.

Sachs is the Quetelet Professor of Sustainable Development at Columbia’s School of International and Public Affairs and a Professor of Health Policy and Management at Columbia’s School of Public Health. He is Special Adviser to United Nations Secretary-General Ban Ki-Moon, and the founder and co-President of the Millennium Promise Alliance, a nonprofit organization dedicated to ending extreme poverty and hunger. From 2002 to 2006, he was Director of the United Nations Millennium Project’s work on the Millennium Development Goals, eight internationally sanctioned objectives to reduce extreme poverty, hunger, and disease by the year 2015. Since 2010 he has also served as a Commissioner for the Broadband Commission for Digital Development, which leverages broadband technologies as a key enabler for social and economic development.[1] He is a member of the scientific committee of the Fundacion IDEAS, Spain’s Socialist Party’s think tank.

He has authored numerous books, including The End of Poverty and Common Wealth, both New York Times bestsellers and his latest book The Price of Civilization released on October 4, 2011. He has been named one of Time Magazine’s “100 Most Influential People in the World” twice, in 2004 and 2005.

SEC Provides Guidance On Super 8-K’s

Posted by AGORACOM at 11:57 PM on Tuesday, October 11th, 2011

(Via Richardson & Patel Newsletter)

SEC PROVIDES GUIDANCE ON SUPER 8-K’S

In 2005, the SEC adopted a rule that required the filing of what is an equivalent to a public offering prospectus for a merger with a public reporting shell company. In recent months the SEC has taken to reviewing these transactions and issued advice based on these reviews.

The SEC has reiterated that virtually any acquisition, including by lease, merger or exchange, triggers the obligation to file a Super 8-K. Issuers were also reminded that Item 9.01(b) of Form 8-K requires pro forma financial information to be included, not just the financial statements of the acquired company. Additionally, any exhibits, including those representing material contracts, have to be in English. Clear disclosure of holding company and control arrangements, as well as a detailed description of both current and planned business going forward is also required. Lastly, if risk factors are included, they must be tailored specifically to the company.

The SEC also offered guidance pertaining to the involvement of officers in the company. If officers are not spending full time in the business, they should be specific about the time they do devote. It is also important to include a summary compensation table for the acquired company’s most recent fiscal year. In disclosing affiliate and related transactions, a two year look back prior to the public company’s latest fiscal year is required in describing the standards used to determine director independence

Richardson & Patel, LLP | 10900 Wilshire Blvd | Suite 500 | Los Angeles | CA | 90024

Which Euro Banks Might Go Down? Great Graphic

Posted by AGORACOM at 1:52 PM on Monday, October 3rd, 2011

Read the entire article at ZeroHedge but this is a pretty easy graphic to understand with regards to European banks (top left bad … bottom right good)

OBSERVATIONS:

  • Surprised at Deutsche Bank hugging the line
  • France is F$#%!@
  • Greek banks don’t even register

How Can Retail Investors Buy Credit Default Swaps (CDS)?

Posted by AGORACOM at 11:41 AM on Friday, September 30th, 2011

This isn’t my thing … though it should have been given my clear public statements on Greece’s inevitable failure.

Nonetheless, I get questions on it from time to time and I see posts on our HUBS, so I took a quick look at a few places and found Wikipedia has a nice summary.  I stress summary because CDS is a big boys game and 99% of you will need a full-service broker to advise you and help execute.  Personally, I think you can find an ETF for just about anything today and they represent an easier route relative to CDS.

[CLICK ON IMAGE BELOW FOR A LARGER VIEW]

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Silver Shortages Growing and Premiums Rising

Posted by AGORACOM at 12:21 AM on Friday, September 30th, 2011

My last column noted that delivery times on physical silver were backing up. In the two days since, there has been a significant slowdown in deliveries. Further, premiums are on the rise. The reason for these trends is that virtually everyone is a buyer of physical silver and not a seller at this week’s lower prices. Not only are people buying, but they are buying right away rather than taking time to “think about it.”

VIA GATA

Dear Friend of GATA and Gold (and Silver):

Coin and bullion dealer Pat Heller reports at Coin Update tonight on the rising premiums and growing shortages for gold and particularly silver. Heller’s report is headlined “Physical Silver Shortages Growing, Premiums Rising” and you can find it at Coin Update here:

TSX Venture Volumes = Too Low For Capitulation = No Man’s Land Right Now

Posted by AGORACOM at 11:17 AM on Monday, September 26th, 2011

Volume At Beginning Of 2011 Much Higher Than Current Levels

I’ve had a number of people call, e-mail or tweet me asking about what I’m doing in this wicked TSX Venture downdraft.  In short, I’m stalking and waiting patiently for new entries.

Aren’t Prices Attractive Enough Now?

For long-term holds, there are some beauties sitting out there …. Donner Metals is a screaming buy for example.

For short-term trades, I believe we are in no man’s land right now.  I posted my reasons to Twitter and won’t repeat here. I’ll just paste my comments in:

CONCLUSION – I’m not buying trading positions at these levels.  I’ll either buy lower on capitulation confirmed by volume, or higher on a break to the upside.   Buying trading positions at these levels is no man’s land.

Regards,

George

AGORACOM Wire – Avalon Rare Metals Fatal Plane Crash; Swiss Gold For Securities; Raging Gold Battle

Posted by AGORACOM at 12:41 PM on Friday, September 23rd, 2011

AGORACOM WIRE – FRIDAY SEPTEMBER 23, 2011

BREAKING … 12:30 PM EST … PLANE CRASH KILLS TWO PILOTS, INJURES 7 AVALON RARE METALS STAFF AND INVESTORS

…. AVALON RELEASES STATEMENT ON PLANE CRASH Press Release … Don Bubar Was Not On The Plane … NOT KILLED Contrary To Erroneous Article

A Raging Battle In Gold Below $1,800 Via Prospecting Journal

SWISS GOLD: Swiss First To Launch Gold As Payment For Securities  Via TSX Venture Tweets

PLEASED TO INTRODUCE OUR NEWEST SPONSOR!

A TSX Venture Company With A Breakthrough Early Stage Cancer Detection System … A Refreshing Change For Small Cap Investors” …. Developed By BC Cancer Agency & UBC … Read George’s Blog Post

REAL CANCER DETECTION AND A POSSIBLE INVESTMENT