Galt's Gulch

Last Call

Posted by lostsierra 10 years, 10 months ago to Business
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Gold and silver broke through their 200 day moving average lines today. This is the last buy signal you will get from technical analysis. Buy signals have erupting on these two for over six weeks. If you run, you might still catch the train. I bought six weeks ago. Am a gold mine owner, miner.

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  • Posted by lostsierra 10 years, 10 months ago
    Some favorite mining stocks: Great Panther Silver (silver, gold, lead, zinc, Mexico), Comstock Mining (Nevada, silver, gold), Pretium Resources (gold, British Columbia), Richmont Gold (Quebec, Ontario), Hecla (Alaska, Idaho, silver, gold). These are all a species of growth stock with explosive upside potentials. Due diligence as usual. Great Panther sells their silver in rounds or bars retail. MeritGold.com is a good vendor. So is Kitco.com.
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    • Posted by Robbie53024 10 years, 10 months ago
      OK, I gave you the benefit of the doubt, but now you're verging back into the sales territory.
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      • Posted by lostsierra 10 years, 10 months ago
        Some readers have interest in buying AU, AG and having trouble getting them. Some tips on where to go. Some have interest in mining stocks. One buys silver rounds. Merit has best prices on these. There is a category for those who want to sell something on the forum, and one for buyer or wants. This isn't selling. If I wanted to sell I would post under items to sell category.
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  • Posted by $ jlc 10 years, 10 months ago
    Thanks for the info. I have always been confused about whether or not precious 'stuff' (metals, gems) would be worth anything in a real crash. I do not know if I could buy the proverbial donut for a gold coin. I suspect he would trade one for a few eggs, though, or a bottle of beer.

    If I ever muddle through my confusion on this topic, it is good to know that there is someone on this forum who is in on the 'cave floor' as it were.

    Jan
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  • Posted by $ TimCutler 10 years, 10 months ago
    Gairsoppa 10oz bars at $244.00 (eBay Daily Deal)
    http://www.ebay.com/itm/131100890366
    The silver was recovered last year by Odyssey Marine Exploration (NASDAQ: OMEX). If SecState Kerry has his way and the "Law of the Seas" is ratified by the Senate, all the contents of ocean wrecks will be "the property of the people of the world."

    No, that doesn't mean these bars will be subject to confiscation. At $244 each, they're just cheap today.
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    • Posted by plusaf 10 years, 10 months ago
      No, it will mean that nobody will go searching for wrecks and their potential valuables, because they'd have to 'share the wealth' with the 'entire world.'

      Lots of incentive there, dontchathink? :)

      Sort of like those seafloor nodules some decade or two ago? Super-valuable until legal beagles found that their recovery value had to be shared with every nation... they vanished from the news almost immediately.

      Go Kerry! Screw up yet another market!
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  • Posted by $ Stormi 10 years, 10 months ago
    Little unsure of precious metals,remember the government seized gold back in not so distant history. Food might be worth more the way things are going. We are in for some very rough times, as long as these jerks run the show. Soros has said he wants to destroy the economy of the US many times. Obama meets with him quite often, when he should be meeting with healthcare website people, likely.
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    • Posted by $ blarman 10 years, 10 months ago
      Yes. Don't remember which President (want to say FDR or Wilson) authorized a forced-buyback provision on gold minted after a certain date. If your gold comes in coins or bullion after that cut-off date (see http://en.wikipedia.org/wiki/Executive_O... for more) you basically get shafted (pun intended).

      If you want to hold gold as an investment, be aware of these provisions. If you are going to hold the physical metal for a crash, you would do well to understand the attitudes of local law enforcement and whether or not they would take orders from the Feds...
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  • Posted by Danno 10 years, 10 months ago
    Does the "ounce of gold buys a fine Italian suit still hold"? Or did the FED distort that market too. Or is gold undervalued on the Suit Index?
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  • Posted by KYFHO 10 years, 10 months ago
    Even the most judicious honest investment counselors recommend a certain percentage of your investment pie be in tangible metals. Diverse is a very good thing when investing. And speaking of pies and the like, if all financial hell does break loose some day I wonder which one the bakery owner would trade me for a donut...a silver coin or a stock certificate.
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  • Posted by fivedollargold 10 years, 10 months ago
    Gold mine owner? Seriously? I'll be right over.
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    • Posted by lostsierra 10 years, 10 months ago
      I know many mine owners both in our district and others. The adjoining mine is now in permitting to reopen. It will resemble something like seen on Gold Rush Alaska. Only much richer. Some gravel runs $100 yard. Dakota Fred and Parker Schnabel would love to get it. Their stuff is what we call tailings! It is in a remote and rugged region, lost and forgotten in time.
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  • Posted by CircuitGuy 10 years, 10 months ago
    My unreliable crystal ball says we're heading into an expansion and precious metals will decline for the next few years.
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    • Posted by lostsierra 10 years, 10 months ago
      Am a former stock broker and market letter writer and technical analyst as well. The Dow Jones Industrials will hit a new high soon. Metals have already declined for 30+ months. The bear market is over in gold and silver. The beginning of the end has begun for your world. Gone with the Wind. Wake up.
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  • Posted by LionelHutz 10 years, 10 months ago
    I TRIED to buy in Austin and San Antonio last weekend and received multiple "sorry, none available" replies. If this is something you're interested in, you're going to want to move fast and may have to use (reputable!) national dealers. China and India accelerated their gold buying after the April 15 slide, and that's never coming back here. Your luck with silver may be better. I won't get into which one is better to hold, but from my vantage point, silver is definitely going to be easier to obtain!
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    • Posted by lostsierra 10 years, 10 months ago
      Large dealers have stock on hand. I will likely be selling freshly mined gold in a few months. We have about 200,000 ounces in the ground. Will be doing withdrawals when the snow melts.
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      • Posted by Robbie53024 10 years, 10 months ago
        Then don't use this forum as a sales tool.
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        • Posted by LionelHutz 10 years, 10 months ago
          Ease up, partner :-)
          He's a miner. We wouldn't be his customers. He almost certainly sells to refiners, not to the common joe like you and me.
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          • Posted by lostsierra 10 years, 10 months ago
            Yes, most goes to refiners. It gets sold for paper. We are a small mine as such things are measured. A large mine is one with a million or more ounces,or several tens of millions of ounces like Pretium Resources in BC with the Valley of the Kings ore body and the Cleopatra Lode.
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        • Posted by lostsierra 10 years, 10 months ago
          I have not used this forum as a sales tool. Was giving advice to a member who wants gold. Big dealers have gold and silver available. I sell mostly gold dore, with silver and some platinum. LionelHutz likely wants coins. I do sell some raw gold to local buyers for supplies and some goes to a Persian gold buyer. I do not need buyers from the forum. I belong to numerous mining forums and mining groups, from linked to FB and far beyond. Sell mining equipment worldwide and have customers all over the planet. I also write for mining magazines, both features and hard news. Write screen plays for fun.
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          • Posted by Robbie53024 10 years, 10 months ago
            Perhaps I was a bit harsh. My apologies. Too many other forums that I participate in have been used by "members" as sales forums.
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            • Posted by lostsierra 10 years, 10 months ago
              On the various mining forums I belong to I do sell items, which is allowed. Belong to three forums which are specifically for selling mining items. The readers here are not buyers of the things I sell. This forum would be a very bad niche to try to sell to. I rarely read the forum or stop by and have not been a frequent or busy poster.
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        • Posted by LetsShrug 10 years, 10 months ago
          Or a place to thump your bible.
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          • Posted by lostsierra 10 years, 10 months ago
            P.S. Where did I "thump my bible?" As a trained journalist and screen writer, I think bible is capitalized. I might note that I rarely contribute to this forum. It seems easy to rub folks the wrong way here. I gather I stroked your envy.
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            • Posted by mccannon01 10 years, 10 months ago
              That wasn't meant for you. Hey, don't go away lostsierra, precious metal discussions belong in the business forum. Also, I'm contemplating a precious metal purchase for my portfolio. Can you recommend any suppliers to us little guys? I've been getting emails from Northwest Territorial Mint and wonder if they are a reasonable way to go, or should I look in another direction like mining stocks?
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            • Posted by khalling 10 years, 10 months ago
              Her reply wasn.'t to you lost. This is an interesting post. What are your screenplays about? Vinay here in the gulch is also a screeneriter and novelist. Check out The Frankenstein Candidate. He writes Alot about screenwriting aesthetics.
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              • Posted by lostsierra 10 years, 10 months ago
                Thanks for the tip. Have written on fighting pirates in SE Asia, the Battle of Semporna, the rescue mission to save a beautiful SE Asian royal captured by pirates, the story of hold out British & Aussie soldiers in occupied Malaysia in WWII; a story about a HS football player turned Marine, love lost, love won in Viet Nam era. Took screen writing in Journalism. Got best grade in class. Prof said to go for it. Called me his best student in years. Draw on own experiences a lot. A general theme is courage as the first virtue. Sola Virtud Invicta.
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            • Posted by rlewellen 10 years, 10 months ago
              I don't think she meant you, I think she meant Robbie,. I can't speak for her of course, but it was uncharacteristic of her. No wonder it's a long time between visits if this is how you are treated.
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