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LilNev2000
LilNev2000
P&P Score: 88.10   Points: 6.94   Accuracy: 51.72%   Average Pick Score: 35.15   Annual Return: 12.83% (52.01% since 5/7/08)  

LilNev2000's Blog : Metals Markets on Fire...Where is the Hose?

Date November 18, 2009    Comments Comments (6)    Rate this post Recommend This Post (422)   
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Gold plowing thru new highs...silver pushing towards $19...copper back over $3...lead and zinc are both over a $1...those make most metals bulls very happy. I'm starting to wonder when the hose will be taken out to take out the current fire behind the metals.

It's interesting to see that many of the companies I mentioned earlier this year, while having a great performance in 2009, have not returned to their pre-2008 levels even at current metal prices. My thinking behind this is that the finance markets aren't back to where they were before the bank turmoil. Companies looking to advance projects at a faster pace are still finding it hard to obtain debt financing and have to go to the equity markets to raise money. The lack of bank financing is hurting the junior explorer/developer market. Banks still are holding on to capital and are afraid to take risks. When banks get back to financing projects, the junior markets will take off.....when that will happen is anyone's guess.

I'll sit back and enjoy this fire in the metals markets. Maybe I'll go down in a blaze of glory...maybe not.
Tags : COPPER   GOLD   SILVER   ZINC   LEAD   FINANCE   BANKS  

6 Comment(s):

Author JoeJustJoe     Date November 18, 2009 06:53 Abuse this post Report Abuse
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Yaaaaaaawn. :o 3J
Author MightyMo     Date November 18, 2009 10:32  Edited: November 18, 2009 by MightyMo Abuse this post Report Abuse
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Enjoy it now...I'm seeing, on the horizon,
the Dollar reversing it's downward trend. Expect the Dollar next year to be higher than anytime this year. How that affects Gold now I'm not sure..but in the past............
Author LilNev2000     Date November 20, 2009 23:37 Abuse this post Report Abuse
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If the dollar is higher than anytime this year, the stock market is in the toilet. For this market to give the appearance of thriving, the dollar has to be weak.
Author JoeJustJoe     Date November 21, 2009 12:29 Abuse this post Report Abuse
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The U.S. dollah rallying with gold on Th n Fri...open interest in the UUP Dec 23 calls at 300000+ ....and 260000 contracts at the same strike expired worthless for Nov. Hmmmm....I wonder why some "playas" are buying insurance. Actually, I "know" why but I'll let everybody else figger it out. *-) I'm wreckin thurs more "pumpage" left in silber than gold. My 'guesstimate" is that SLV trades to this numba right cheeeya sumtime this coming week >>> 19.25...ish. GOLD? Ehhhh >>>>Yaaaaawn. Most sheeple are still trying to get even on thur purchases of the stocks behind the commodititties. I actually feel sorry for them that bot SSRI n PAAS on the "Lilnev pump" ....ifn they can't get even on the rampage I am planning I certainly "hope" they don't hang in thur whenst (not if) I take em dooooooown. *-) Do ya really want to play a stock with 70% to 90% downside whenst yer upside is anywherst from 0% to "maybe" 20%? You decide. :o 3J
Author LilNev2000     Date November 24, 2009 00:08 Abuse this post Report Abuse
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When was SSRI or PAAS ever brought up by me? Post a link.
Author JoeJustJoe     Date December 30, 2010 22:32  Edited: December 31, 2010 by LilNev2000 Abuse this post Report Abuse
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