Topstockblog

Blogging to add value. Sharing and discussing helpful websites, money, stocks, etc.

GOLD approaching $1000 an ounce

Investment demand in Gold is high, and  this should lead Gold to trade over $1000 an ounce this year. Weakness in the United States dollar is seen as the biggest factor in Golds rise.    Corporations are seeing costs rise dramatically as the search for gold expands. Disruptions in Africa of electricity caused a mines to close down  and risks of other disruptions associated with chaos related to violence will all be supportive of higher gold prices.  http://biz.yahoo.com/ibd/080128/etf.html?.v=1If disruptions continue to spread gold could go much higher appropriately so.   Jeff Macke from Fast Money stated “gold is going to $1000 an ounce and GLD was the way to play it”. http://www.thestreet.com/_yahoo/newsanalysis/stockpickr/10400836.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA His comrads suggested playing gold mining stocks.  In my perspective safety of supply looks to be a key factor in choosing a winner in the mining space.  I would not want a miner with significant exposure to Africa. AUY, GG, AEM, RGLD, BVN,AEM,SA,NEM were all up on the day. AUY is my favorite play because the stock is going higher on increased volume, a recomendation from Cramer, and strong growth prospects.  GG I see people buying heavier call options.  GG, SA  is in exploration stage of development (dicey; but, has upside potential) with it main operations in Canada, BVN (risky; but, I see upside) is linked to Peru, has solid earnings; but, the currency will fluctuate. RGLD is based out of Nevada, the company has had instability in its history (not sure about)

Downside risk to the rise in Gold prices is the record long buyers.  This has been a sign in the past of a top in Gold or at least a temporary consolidation of the price of Gold.  I hate to be the last one to the party, and may wait for a pull back

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January 28, 2008 Posted by | Uncategorized | , , , , , , , , | 1 Comment

Market looks for value stocks

Market looks like it is trying to find places of good value, and avoiding places of high risk.   OIH is up on spreading disruptions in Africa, and the Middle east.  Possible up on the big snow storm in China.   Some places of value I see buying in are AAPL, CALM, CMED, GLD, GS, ISRG, POT, and OIH.  GOOG (Google)  Seems to be selling off with investors looking looking to avoid the downside risk, and lock in profits.    A bit tricky figuring out how much lower Google could trade.   I have been a bit uncomfortable trying to trade, and make good decisions.   I put some money into cash.   I excited my short in BJS.   Just have to keep working hard to find opportunity.

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January 28, 2008 Posted by | Uncategorized | , , , , , , , , , , , , , , | Leave a comment

The world needs to come together to meet minumum standards, feeling bearish

I can’t imagine Google doing very well around the world because of the rise of competition in the space.  It’s advertising’s fails to meet minimum standards of value in my opinion for the current stock valuation.  I like Google as a search engine,  and hope the corporation continues its success;but, the share price could go much lower.  

The market is going lower in my opinion because of changes in business climate due to problems not being dealt with effectively. Be careful, market could go higher on the one week fed rate cut having influence, and another rate cut may be coming Wednesday.   I am looking at CALM, GG, CMED, ISRG on my buy list.   

   My economic understanding leads me to believe stocks will be repriced lower because of current prospects for the world economy.   The government and banks are showing signs of weakness.  No concern  or awareness of the rapid population growth of the world, and related risks that may stem from population growth such as over consumption of resources. http://news.yahoo.com/s/livescience/20080127/sc_livescience/humansforceearthintonewgeologicepoch

(The following are my dogma ideas to help the world economy)

The economy does show many signs of hope with the recent cutting interest rates, military successes, and leader like Bill Gates.  On the other hand we have the largest budget deficit in the history of our nation.  The rise of unsustainable riches and inequalities need to be reconciled.  I have a few ideas to help the United States. Inclduing reducing taxes, and reducing the deficit of the government https://topstockblog.wordpress.com/2008/01/23/lower-taxes-and-government-partnerships-with-corporations-and-people-best-for-economy-funded-with-tax-credits/  ,   I have thoughts to help home owners  https://topstockblog.wordpress.com/2008/01/10/motgage-solution-for-the-united-states/

    People are capable of adding value, cooperation, and forgiveness.  All people deserve  clean water, electricity, food, fair treatment, internet, peace, protected boundaries, t.v.’s, and homes.  Embracing these standards would be helpful to turn around the world.   Yet, people continue to act disruptively.  El Sadr threatening to re-engage in fighting after the cease fire ends.   People from all influences need to come together to meet each others’ needs.  Security and good judgement is the best thing all people regardless of ideology can provide for one another.  http://real-us.news.yahoo.com/s/ap/20080128/ap_on_re_mi_ea/iraq;_ylt=AkS4MpGm1JqKwfb2qejan5RBXYh4   The world needs to use stored wealth to feed, protect, educate, and help all people find shelter, electricity, bathrooms, and maybe t.v.   At the same time wealthy should be able to enjoy their wealth while expressing an understanding of others.  Americans should not over consume or be scared of people around the world.  Excessive profits can be taxed at higher rates.  The U.S has historically had a back-loaded taxation on wealth a death to maximize growth.  When the laws were made people had no idea how long a person could live or how much wealth could be created.  Wealth needs to be passed on in smaller increments.  Possible by creating passive grant ownership by the government in large corporations.  Minimum standards for all people may be able to be met more appropriately.  As a trader and for all the traders that just wanted to have a rewarding career its about value.  Not the profits.  If people make excessive profits because of unforseen world events.   Governments’ with more cooperative, stated, and transparent global welfare standards could add great value to the world.   The governments of the world need to decide to work together and not let dogma get in the way.     People want others to do well and people failing is very counterproductive because of multiplyer effects.   Trade opportunities and transparent markets are most capable of reaching societies potential for prosperity creation.  We need to work hard to build on previous gains from history.   Society needs to bring security to people.  We need to stop giving free checks to people, and let people earn the money they receive.  World bodies need to bring in more regulators to make sure money at high levels around the world is distributed honestly and with good judgement.   We do not want to fight endless wars.   People like to trade and more traders will help provide liquidity to world markets.  Trade thrives best when everyone is confident in each other and minimum standards are met.   

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January 28, 2008 Posted by | American Politics and Policy Ideas | , , , , , , , , , , , , , , | Leave a comment