Today I closed out my AIG calls with the stock at $30.31 for a 49.9% profit. Not bad for a four day trade. I think this upcycle has some more room to run, but I may be traveling in the next few days and would rather take 50% off the table than risk it for more.

At the moment I am long ABX, GT and BTU, which I opened this afternoon.

GT has just broken out of it’s downtrend triangle, and I am in early. I expect the first leg of the trade to run until April 9th, approximately.

I am looking for the first leg of the ABX trade to last another week. The entire move should last until the end of April.

BTU is at the very beginning of the daily upcycle, which should last for a week.

AIG stock hit the #2 weekly cycle high on March 8th and is proceeding down towards the #3 cycle low expected early next week. The #8 daily cycle low is due on Monday or Tuesday next and that daily should also be the weekly #3 cycle.

There are three price/time targets in the range of possible dates for the #8 daily.

• Tomorrow at approximately $25.75.

• Thursday @ approximately $27.30.

• Next Wednesday at approximately $26.05

At the time of this post my profit on the AIG puts is +14%. I will take profits at the first target if they present the opportunity. However, I consider the second target to be the most likely. But, I’ve learned not to underestimate how quickly and far the market can move, even on a quiet day like today.

EMR, in the electronics sector, is forming a buy pattern. It’s currently at the 6th cycle point in the series, with the 7th point due April 3rd. The earliest target for the reversal to long would be on March 19th at approximately $48.85. The second target is also March 19th, at $46.97. Third is March 28th at $49.31. The fourth target is March 30 at $47.35.

Today’s resistance zone is between is between $40.67 and $40.83. There is selling at the $40.60-61 level and buying at the $40.52 level. At the moment of this writing USO is at the bottom of that range.

Today’s first support zone is $40.97–$39.75. USO has already pushed below the $40.52 buying level into the $40.47 range. The second support zone is between $38.67 — $38.30. It would take strong downward pressure to push it that low, obviously.

Hi Everyone,

For our new subscribers, Welcome!

SNPK is steadily going up. It looks like it is about to break 70 cents right now and possibly go for a run. Right now might be one of the last opportunities our members will have to get in at under a dollar.

The company announced this morning that its product, Clotamin, will be sold in about 70 different Discount Drug Mart locations around Ohio. This is on top of the product being available in 9 different states already, and being just picked up by Dakota Drug Inc. for distribution.

Those of you who did buy SNPK a few days ago and are holding are already up a lot.

Those of you who didn’t buy it yet are definitely considering to place an order right now. So many people are buying SNPK right now! Watch it very closely this week.

Reminder: You will need to have a brokerage account other than TDameritrade to buy SNPK. If you are still with TDameritrade you should close your account right now and open one with a good company like Etrade or Schwab.

Happy Trading!
Your AwesomePennyStocks Editor.

Wall-street-stocks.com has no relationship with this promotion or with Awesome Penny Stocks.

USO is in a downtrend until approximately the last week in March when the 9th turning point in the weekly cycle is due. The daily cycle is downward, and due to turn up around the 19th of March. Since the weekly cycle turning points must coincide with the daily turns the weekly cycle could turn early. If that occurs, then the current trade, shorting USO with puts, will be a quick one.

Today’s resistance is between $40.82 and $40.90. Tomorrow’s resistance is $40.65.

Targets for this trade are:

#1. March 13th (early) $39.75 or $38.63
#2. March 15th: $37.85
#3. March 16th: $38.86
$4. March 21st: $38.01

ETF investors or traders looking to take a position on the value of gold have a range of choices from the various ETF providers. This discussion concerns the choice between the two basic types of gold exchange traded funds: ETFs which track the spot price of gold and the ETF’s which hold shares of gold mining companies. The gold ETFs – those tracking the price per ounce of the shiny metal – have become so popular, some ETF investors may not be away funds exist which invest in gold miner stocks.

The Players

The ETFs which directly track the spot price of gold do so by owning gold bullion to back the ETF shares trading on the markets. The available bullion ETFs are the SPDR Gold Trust (GLD), the iShares Comex Gold Trust (IAU) and the ETFS Gold Trust (SGOL).

The choices of gold miner ETFs include the Market Vectors Gold Miners ETF (GDX), the Market Vectors Junior Gold Miners ETF – (GDXJ), the Global X Pure Gold Miners ETF (GGGG) – and the Global X Gold Explorers ETF (GLDX). Of these funds GDX and GGGG hold the large gold mining companies producing large amounts of gold and GDXJ and GLDX hold smaller companies who primarily search the world for new gold finds with the goal of becoming or selling out to one of the major gold mining companies.

Pros and Cons

The gold bullion ETFs provide investors and traders any easy way to participate in the changes in the value of spot gold. Instead of buying bullion or coins and locking them in the basement or setting up an account with a bullion company, an investor buys the ETF shares through a discount brokerage account. The bullion ETF investor can participate in the dollar for dollar rise in gold and catch the benefits of gold as an inflation hedge. The downside of bullion investing is there is no support if the price of gold drops or no gains if gold goes nowhere. The bullion ETFs can be viewed as a long term hold on gold or a trader can use timing to catch the upswings in the price of gold.

Gold mining stocks and the ETFs holding the stocks are considered a leveraged bet on the price of gold. If a miner earns $100 per ounce when gold is at $500, his profits double if gold goes to $600. In theory, gold miners should outperform gold as the price rises, due to this leverage effect. Gold mining companies can also pay dividends, boosting the potential return and providing an investor with an income stream from his gold investment. Also, gold mining companies can grow profits even when the price of gold is flat by producing more gold and lowering expenses. The downside of gold stocks is the share prices may follow the overall stock market into a bear market, even if the price of gold is climbing.

Picking Your Investments

The reality is the gold miners have seriously under performed the price of gold. Over the last five years, from early 2007 to early 2012, the gold bullion ETFs increased by 160 percent and the only gold miner ETF that old (GDX) gained just over 40 percent. And the dividends paid by the gold miner ETFs are disappointingly low. It is understandable why the investor and trader money has gone into the bullion funds. One change on the horizon is the realization by the gold miners that their shares have under-performed. These companies have been discussing increased dividend rates and other methods to boost shareholder returns. The gold miner ETFs came out with a hot start for the first five weeks of 2012, matching or beating the 10 percent gain in spot gold. Investors should consider putting a portion of their gold investment into one or two of the gold miner ETFs.

http://seekingalpha.com/article/357231-best-potential-returns-gold-etf-or-gold-miners-etf

UAL has exceeded today’s price/time balance point. Since the end of the swing is due early next week I would lock in profit at $22.56 and watch the next balance point at $23.77, due on Tuesday.

Using the same cost of participation assumption as yesterday, an option bought at $400 with a .6 Delta exited at $23.77 would return a profit of over 80%.

The entry signal for the current UAL upswing was $18.06 on January 18th. The swing is expected to end next Monday or Tuesday, but swings can end early. There is a time/price balance point tomorrow at $22.56 but I would certainly take profits at that price today if the market offers it.

Assuming an option was bought at $400 and had a .6 Delta, exiting at $22.56 would produce a profit of over 65% in just over a week.

New York, NY (PRWEB) February 22, 2008

Precious Metals Review of Abcourt Mines Inc. (TSX-V: ABI) (ABMBF.PK) provides insight into the opportunity afforded investors as Abcourt now posesses 90% of all the material needed for the construction of an 1800-tonne per day mill at their silver-zinc Abcourt-Barvue project.

The full Precious Metals Review / Valuation Synopsis with chart may be seen at: http://www.sectornewswire.com/PMR-ABI0208.pdf

Excerpts:

“ABI presents an exceptional risk-reward scenario; resource rich with 750 Million lbs Zinc, 20+ Million Oz Silver, & 220k+ Oz Gold, plus they possess a 13 year Ag-Zn mine life that is wide open for expansion, yet have only 45 Million shares outstanding and are trading under US$ 0.50 per share – Now with news Abcourt has ~90% of all the material needed for the construction of an 1800-tonne per day mill at their silver-zinc Abcourt-Barvue project. It appears shares of ABI.V are primed for upside valuation adjustment.”

“Abcourt Mines Inc. is a TSX Venture Exchange listed advanced stage development and exploration mining company (ticker symbol ABI.V), US listing (ABMBF) and Frankfurt & Berlin listing (ISIN – CA00288E3005). Abcourt is extremely undervalued at its current valuation. They have the resources to put into production and are currently forging ahead with progress towards taking the open pit Abcourt-Barvue Silver-Zinc Project back into production. The Company is in possession of an optimized feasibility report that gives the green light to proceed and have recently facilitated the purchase of additional equipment & machinery towards forwarding their goal of reopening the mine and exploiting their large resource base. This large resource base may be extended/expanded well beyond the initial 13 year mine life as area miners such as Agnico Eagle, IAMGold, Richmont, Breakwater and Xstrata share the same geological model and are currently mining at much greater depths then what Abcourt initially has planned.”

“With Abcourt’s news of the purchase of mill equipment coupled with their existing infrastructure & equipment from their once producing silver-zinc mine, it appears near-term production is imminent and with significantly improved metrics. Now is the time to pay attention to ABI.V shares as the current valuation should make upward adjustments to reflect forward discounted future revenues of Abcourt as a silver-zinc producer with a solid expandable resource base in a mining friendly region. ABI.V’s latest purchase of equipment once owned and used by Barrick Gold Corp. eliminates a 24 month wait for new equipment and is a major savings. The latest equipment purchase is only 10-12 yrs old and includes flotation and grinding mill equipment plus accessories. This with the already purchased and the existing facilities on the mine site covers close to 90% of all the material needed for the construction of an 1800-tonne per day mill at their silver-zinc Abcourt-Barvue project. The purchase of mill equipment is described by Abcourt’s management “a major step towards a production decision”; a target production date will be clearer after dismantling and shipping of the mill equipment to ABI’s mine site, after the spring thaw. Additional cost savings considerations are available such as staking a new open pit on the Abcourt-Barvue deposit, next to the existing open-pit.”

“Abcourt also plans on reopening their past producing (1947 – 1966) Elder gold mine located 60 miles from their silver-zinc project. Similarly to the Abcourt-Barvue mine, Elder gold mine has a substantial amount of well maintained and upgraded equipment & infrastructure in place with a geological model the Company believes holds potential for 1.5M tones of ore grading approx. 0.2 oz of gold per ton at the Elder gold property.”

“Summary of observations made by qualified analyst: An analyst report from Q3/07 (copy available here [PDF]) has identified Abcourt Mines Inc as significantly undervalued with its five key projects being heavily discounted at current share price valuation of under CDN$ 0.50. The Abcourt-Barvue silver-zinc deposit alone has significant resources valued at over one billion US dollars which the Company’s independent feasibility report indicates as economically mineable with a 13 year mine life. This one project alone is significantly discounted with the market capitalization of Abcourt Mines Inc. under CDN$ 21M; Abcourt Mines has 278,830 metric tons of zinc resources and 19,644,354 ounces of silver at the Abcourt-Barvue project, they also have 198,744 ounces of gold at it’s Elder Gold Project. Additionally Abcourt Mines owns infrastructure and equipment which estimated value exceeds its current market-cap. The Analyst provides a compelling risk-reward picture for inventors, explaining how Abcourt will realize a multiple expansion (p / Zn equiv.) as Abcourt is currently undervalued at between a mere $ 0.01 – $ 0.02 per Zn-equivalent lb found at the Abcourt-Barvue project alone, a level at the low end generally attributed to earlier stage exploration companies with resources. The current share price is only attributing value to the in-ground zinc resources at the Abcourt-Barvue project – ignoring its large silver resources, other properties and the significant infrastructure the Company possesses from when it was a past producer at the silver-zinc operation and the Elder Gold mine sites.”

“ABI is undervalued with minimal downside & large upside potential.”

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

# # #

Find More Barrick Press Releases

Tampa, FL (PRWEB) March 7, 2008

Operations management consulting firm USC Consulting Group, LLC (USCCG) will be exhibiting at MINExpo International 2008, sponsored by the National Mining Association, September 22 — 24, in Las Vegas.

The firm’s veteran mining industry experts will be on hand to share their insights on everything from asset performance management, to increasing throughput and lowering cost per ton, to the latest IT developments for mining application. During its 40 years in business performance improvement, USCCG has put its expertise to work for a number of mining companies, among them Barrick Gold, Cleveland Cliffs, INCO, Meridian Gold, North American Palladium, and Placer Dome.

The USCCG team, stationed at Booth #1963, will include:

David Riggs, VP, senior regional manager for the Pacific and Midwest Regions;
Joe DiNapoli, VP, senior operations manager;
Dean Carrier, senior operations manager;
Jack Korpela, senior business development executive; and
Jim Littlefield, business development executive.

In addition, USCCG strategic partner Ivara Corporation, a leader in asset performance management solutions, will be on hand. Ivara’s EXP Enterprise asset performance management software provides a cohesive and integrated platform to develop, implement and manage a living equipment reliability program. EXP, supported by advanced reliability practices, enables Ivara’s renowned proactive asset reliability process. The process is developed and sustained with the Ivara Work Smart delivery methodology, which builds and implements asset reliability programs one asset at a time.

About USC Consulting Group (USCCG): USCCG is an independent operations management consulting firm with nearly 40 years’ experience in the area of business performance improvement. It combines extensive subject matter expertise, gained in the course of successfully completing over 1,300 engagements, with enabling technology to drive and sustain superior results. The firm offers an array of services that include Six Sigma, Lean transformation, supply chain optimization, process improvement, project management, value stream mapping, training and facilitation, blended learning solutions, modeling and simulation, and asset performance management including world class maintenance management and reliability services. USCCG is a Microsoft Managed partner headquartered in Tampa, FL. It also has offices in Chicago, Montreal, and Toronto. For more information, visit http://www.usccg.com.

About Ivara

Ivara is the leader in asset performance management software, Ivara EXP Enterprise, and services including Ivara RCM2, the leading reliability strategy development methodology. RCM2 is delivered exclusively by The Aladon Network, Ivara’s global network of reliability experts. Ivara EXP prevents industrial equipment failure, increases production and lowers costs for better business performance. EXP transforms data into real-time intelligence and helps plant and operations management make fast and accurate business decisions. Customers worldwide, representing a cross section of asset intensive industries, realize the benefits of EXP every day.

Working with strategic partners such as USC Consulting Group, Ivara delivers substantial and sustainable bottom line results. Mining customers include Peabody Energy, Quebec Cartier Mining, and Prairie Coal (formerly Luscar Ltd). Ivara is based in Toronto and has offices across North America. For more information visit http://www.ivara.com.

###

WASHINGTON (PRWEB) March 17, 2008

MIAMI (PRWEB) March 25, 2008

Tampa, FL (PRWEB) August 14, 2008

Mining company management teams have four critical areas of opportunity for improving operational and financial performance, according to David Riggs, partner and mining practice leader at USC Consulting Group (USCCG).

Portland, Ore. (PRWEB) May 5, 2009

Despite the economic downturn and hosts of failing financial institutions, Advantis Credit Union is making national news with record growth during 2008 — a 35% increase in deposits and nearly 4,000 new members. The credit union, which opened its first west metro location last month in Hillsboro, received more than $ 20 million in new deposits during its two-day grand opening, and has added more than 800 new members and over $ 38 million in deposits at that branch alone. Advantis was also recently ranked #1 credit union in the nation – and in Oregon — for returning financial value to its members.*

Because of its continued growth and healthy financial condition, Advantis is not only avoiding the national credit freeze, but actually increased its total loan volume by more than 26% during 2008. As many financial institutions are turning down or limiting credit for consumers and businesses, Advantis Credit Union’s sound underwriting practices and consistent growth mean the institution is able to lend to its members.

“Our members say we’re like an old school community bank where they can come in, talk ‘live’ with their loan officer, have a cup of coffee — they trust us,” says Chris Anderson, Advantis VP of Lending. “For us, the basics of smart-prudent-case-by-case- lending is alive and well. We have money to lend and we’re willing to lend it.”

Commitment to Smart Lending Practices Pays Off–The dramatic downturn in the economy is widely believed to be the result of defaulted loans funded under non-traditional mortgage programs. Advantis, committed to smart lending practices that serve the interests of members, has never offered such products. In addition to the security and confidence this affords members, it has also helped Advantis keep loan delinquency ratios low. Supported by its continued strong financial performance, Advantis has also built up reserves against future potential losses.

Many consumers, their faith shaken in the economy and a volatile stock market, are now turning to credit unions like Advantis for safety and better value for their money. “Advantis’ financial services have been of interest to people who may be panicked in this economy because they can actually improve their financial situation by banking with us,” says Advantis CEO Ron Barrick. “Consumers simply get more for their money with Advantis. We position ourselves as the financial institution of choice for people who are looking for a terrific service experience and consistently good financial value.”

One Couple’s Story–Advantis Credit Union members Cheryl and Harrison Martin, on the verge of becoming empty-nesters in Portland, had hoped to get a loan toward the purchase of their dream home earlier this year. Unfortunately, like so many others in their position, the current credit crunch and strict computerized loan formulas that determine approvals made it difficult to get a home loan from any financial institution.

“My husband is self-employed and we are the co-signers on our son’s first home – two strikes against us and the reason other banks were quick to decline our loan requests almost immediately. The computer would spit out our information and the lenders’ hands were tied – nothing else mattered to them,” said Cheryl Martin of Portland.

The couple’s last stop was Advantis Credit Union and today, the couple has purchased their dream home in Washougal and is moving this month. “Advantis took our information, looked at our financial history, and gave attention to our individual situation. Because they can offer in-house loans and don’t rely on other external decision-makers, we were approved within 24 hours at more than two interest points lower than other banks were advertising,” said Martin.

Credit Union Benefits–Sound lending is just one of the reasons why credit unions are proving such an attractive alternative for consumers.

Security and ownership

Credit unions are not-for-profit financial cooperatives owned locally by their members, which enables Advantis to focus not on returns for shareholders but on providing as much value as possible for members.

Better rates, lower fees

As part of their commitment to member-owners, Advantis and other credit unions commonly offer lower interest rates on loans and provide members with higher earnings on their savings. Member-owners also frequently enjoy low fees and freedom from hidden penalties.

Responsive member service

Credit unions commonly deliver robust member service and a wide range of free services. Among its many member benefits, Advantis delivers free seminars for members on various financial topics.

Federally insured

Advantis, like all Oregon credit unions, federally insured by the National Credit Union Share Insurance Fund (NCUSIF), which is administered by the National Credit Union Administration (NCUA), an agency of the federal government. Members’ deposit accounts are insured up to $ 250,000 by the NCUA.

About Advantis

Advantis Credit Union is one of Oregon’s largest member-owned financial cooperatives, with over 39,000 members and 5 branches in the Portland area. Membership is open to anyone who lives, works, or is a member of an organization in Benton, Clackamas, Columbia, Hood River, Lane, Linn, Marion, Multnomah, Polk, Washington or Yamhill counties in Oregon, and Clark, Cowlitz, and Skamania counties in Washington. Visit http://www.advantiscu.org.

For more information, contact:

Claudia Johnson, 503.266.1776

*For the first three quarters of 2008, Advantis ranked first out of an average of 195 credit unions in the U.S. with assets between $ 250 million and $ 1 billion for returning financial value to members by Callahan & Associates, a national research and consulting firm. For the fourth quarter of 2008, Advantis ranked third in the nation, but first among credit unions in Oregon within this same asset category.

###

Portland, Ore. (PRWEB) May 5, 2009

Despite the economic downturn and hosts of failing financial institutions, Advantis Credit Union is making national news with record growth during 2008 — a 35% increase in deposits and nearly 4,000 new members. The credit union, which opened its first west metro location last month in Hillsboro, received more than $ 20 million in new deposits during its two-day grand opening, and has added more than 800 new members and over $ 38 million in deposits at that branch alone. Advantis was also recently ranked #1 credit union in the nation – and in Oregon — for returning financial value to its members.*

Because of its continued growth and healthy financial condition, Advantis is not only avoiding the national credit freeze, but actually increased its total loan volume by more than 26% during 2008. As many financial institutions are turning down or limiting credit for consumers and businesses, Advantis Credit Union’s sound underwriting practices and consistent growth mean the institution is able to lend to its members.

“Our members say we’re like an old school community bank where they can come in, talk ‘live’ with their loan officer, have a cup of coffee — they trust us,” says Chris Anderson, Advantis VP of Lending. “For us, the basics of smart-prudent-case-by-case- lending is alive and well. We have money to lend and we’re willing to lend it.”

Commitment to Smart Lending Practices Pays Off–The dramatic downturn in the economy is widely believed to be the result of defaulted loans funded under non-traditional mortgage programs. Advantis, committed to smart lending practices that serve the interests of members, has never offered such products. In addition to the security and confidence this affords members, it has also helped Advantis keep loan delinquency ratios low. Supported by its continued strong financial performance, Advantis has also built up reserves against future potential losses.

Many consumers, their faith shaken in the economy and a volatile stock market, are now turning to credit unions like Advantis for safety and better value for their money. “Advantis’ financial services have been of interest to people who may be panicked in this economy because they can actually improve their financial situation by banking with us,” says Advantis CEO Ron Barrick. “Consumers simply get more for their money with Advantis. We position ourselves as the financial institution of choice for people who are looking for a terrific service experience and consistently good financial value.”

One Couple’s Story–Advantis Credit Union members Cheryl and Harrison Martin, on the verge of becoming empty-nesters in Portland, had hoped to get a loan toward the purchase of their dream home earlier this year. Unfortunately, like so many others in their position, the current credit crunch and strict computerized loan formulas that determine approvals made it difficult to get a home loan from any financial institution.

“My husband is self-employed and we are the co-signers on our son’s first home – two strikes against us and the reason other banks were quick to decline our loan requests almost immediately. The computer would spit out our information and the lenders’ hands were tied – nothing else mattered to them,” said Cheryl Martin of Portland.

The couple’s last stop was Advantis Credit Union and today, the couple has purchased their dream home in Washougal and is moving this month. “Advantis took our information, looked at our financial history, and gave attention to our individual situation. Because they can offer in-house loans and don’t rely on other external decision-makers, we were approved within 24 hours at more than two interest points lower than other banks were advertising,” said Martin.

Credit Union Benefits–Sound lending is just one of the reasons why credit unions are proving such an attractive alternative for consumers.

Security and ownership

Credit unions are not-for-profit financial cooperatives owned locally by their members, which enables Advantis to focus not on returns for shareholders but on providing as much value as possible for members.

Better rates, lower fees

As part of their commitment to member-owners, Advantis and other credit unions commonly offer lower interest rates on loans and provide members with higher earnings on their savings. Member-owners also frequently enjoy low fees and freedom from hidden penalties.

Responsive member service

Credit unions commonly deliver robust member service and a wide range of free services. Among its many member benefits, Advantis delivers free seminars for members on various financial topics.

Federally insured

Advantis, like all Oregon credit unions, federally insured by the National Credit Union Share Insurance Fund (NCUSIF), which is administered by the National Credit Union Administration (NCUA), an agency of the federal government. Members’ deposit accounts are insured up to $ 250,000 by the NCUA.

About Advantis

Advantis Credit Union is one of Oregon’s largest member-owned financial cooperatives, with over 39,000 members and 5 branches in the Portland area. Membership is open to anyone who lives, works, or is a member of an organization in Benton, Clackamas, Columbia, Hood River, Lane, Linn, Marion, Multnomah, Polk, Washington or Yamhill counties in Oregon, and Clark, Cowlitz, and Skamania counties in Washington. Visit http://www.advantiscu.org.

For more information, contact:

Claudia Johnson, 503.266.1776

*For the first three quarters of 2008, Advantis ranked first out of an average of 195 credit unions in the U.S. with assets between $ 250 million and $ 1 billion for returning financial value to members by Callahan & Associates, a national research and consulting firm. For the fourth quarter of 2008, Advantis ranked third in the nation, but first among credit unions in Oregon within this same asset category.

###

Related Barrick Press Releases

New York, NY (PRWEB) July 9, 2010

Market Equities Research Group provides a synopsis watch list and related opinions of mining stocks based on recommendations made by noteworthy individuals and entities over the last two weeks.

Top Junior Gold Mining Watch List Selection:

Metanor Resource Inc. (TSX VENTURE: MTO) (Pink Sheets: MEAOF) (Frankfurt: M3R)

Metanor has been identified as a top selection by both mining experts Jay Taylor and James West.

Metanor Resources Inc. is a unique exploration junior with well over $ 30,000,000 of gold poured to date from their 1200 TPD mill. Metanor is expected soon to release a new NI 43-101 compliant resource estimate on its Barry gold project. Metanor could conceivably be positioned to move from a projected 60,000 – 70,000 ounces gold production per annum once the Bachelor Lake underground mine comes online (expected later in 2010) to mid-tier producer status on a second front at the Barry mine.

The following Balance Sheet/Book Value opinion excerpt is from a Mining Journal review of Metnaor that may be found at the following URL: http://miningmarketwatch.net/mto.htm online.

Balance Sheet/Book Value: MTO.V only has 128,450,005 shares outstanding and no long term debt and thus poised for significant upside revaluation to better reflect inherent value. Metanor has infrastructure valued at ~$ 150M including a proven, fully functional, permitted 1200TPD gold mill operating with ~95% recovery rates (over 30,000 ounces gold has been poured to date). We note that Metanor’s market cap is currently at ~2/3 the replacement value of the infrastructure alone, ignoring the 1Moz+ resource; the known gold resources between the 100% owned Barry Deposit and Bachelor Lake of over 470,000 oz [this will increase with the imminent 43-101 report on Barry expected within days], plus there is over 100,000 oz historic at the 100% owned Hewfran extension (attached to the Bachelor Lake Underground and adjacent to their 70% owned Nelligan project), and ~450,000 oz at the 100% owned Dubuisson property.

Top 20 Mining Stocks and Consideration as per RBC Capital Markets Q3 Analysts Opinions:

RBC Capital Markets have updated their global mining ‘best ideas’ portfolio, a list of 20 mining stocks they like best, for the third quarter. The analysts at RBC Capital Markets covering the mining sector have made it clear they still prefer gold over everything else; they were already overweight gold in Q2, and they added to that position with four new names: 1) Newcrest Mining Ltd., 2) Catalpa Resources Ltd., 3) Gold Fields Ltd., and 4) Romarco Minerals Inc.

Main considerations cited for the heavier weighting on gold are Eurozone debt concerns and broader uncertainty in the capital markets.

On the uranium front the market spot price for U3O8 has stabilized at ~US$ 41.75/lb and the RBC Capital Markets analysts increased their uranium sector exposure from ‘underweight’ to ‘market weight’ citing “recent corporate events and strategic government acquisitions have signaled a turnaround for the equities”. The analysts added two new uranium names to their portfolio; 1) Cameco Corp. and 2) Paladin Energy Ltd.

The RBC Capital Markets analysts are less bullish on the other mining sectors, maintaining a ‘market weight’ rating on base metals, noting those stocks are sensitive to a weakening economy. Bulk commodities were reduced to ‘underweight’ because of softening steel prices and tightening monetary and fiscal policy in China, while fertilizers were reduced to ‘underweight’ as the sector moves into a seasonally weak demand period.

The RBC Capital Markets Top 20 Mining Stocks ‘Best Ideas’ portfolio for Q3 is as follows (alphabetically by mining sub sector)

Precious Metals: 1) Aquarius Platinum Ltd. 2) Avoca Resources Ltd., 3) Barrick Gold Corp. 4) Newcrest Mining, 5) Catalpa Resources, 6) Gold Fields, 7) Great Basin Gold Ltd., 8) Romarco Minerals, 9) Silver Wheaton Corp.

Base Metals: 10) BHP Billiton Ltd., 11) Equinox Minerals Ltd., 12) Inmet Mining Corp., 13) Lundin Mining Corp.

Uranium: 14) Cameco Corp., 15) Mantra Resources Ltd., 16) Paladin Energy Ltd., 17) Uranium One Inc.

Bulk Commodities: 18) Coal & Allied Industries Ltd., 19) Teck Resources Ltd.

Fertilizers: 20) Agrium Inc.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. The term special situation advisory and/or investment advisory refers to the fact the reader is being advised there is a publication on an item that is also an investment, and not advice to buy or sell. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.

Salt Lake City, UT (PRWEB) August 26, 2010

Frontpoint, a growing IT outsourcing and managed services provider, gained a new co-owner in the last month. Brian Brinkerhoff, who has had a long association with Dan Stanford, Frontpoints founder and former majority owner, left a longtime job as a systems engineer for Barrick Gold to become his own boss and run a business.

Brinkerhoff brings 15 years of IT experience to Frontpoint. He has top-notch expertise in all stuff Microsoft as well as SQL server, SharePoint, VMware, Fibre Channel switches and much more.

In his new position at Frontpoint, Brinkerhoff looks forward to growing the company into one of Utahs finest IT outsourcing companies, offering managed services that enhance small businesses and keep them running optimally. He also looks forward to the one-on-one interaction with clients and giving back to the community in his new position. Brinkerhoff says he is not a typical IT recluse, but instead likes working with all different types of people.

With Brinkerhoff on board, Frontpoint has begun to increase its marketing efforts, augmenting the companys Internet presence and referral base. He says his recently earned MBA in technology management will help him with the companys marketing push.

“Were in growth mode,” Brinkerhoff said. “We want to be a key player in the managed service area in the Salt Lake Valley.”

About Frontpoint: Frontpoint is a leader in IT outsourcing, offering its clients a wide variety of managed services, including 24/7 monitoring, network security solutions, remote helpdesk support, hosted exchange, online backup, and much more. The companys goal is to keep its clients computer systems and networks healthy and running smoothly at all times. Frontpoint prides itself on outstanding customer service. It customizes IT solutions to fit any business, no matter the size.

For more information on Frontpoint, call 801-298-5404 or visit http://www.frontpoint-it.com

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Mckinney, TX (PRWEB) November 9, 2010

Much equipment that is required for the gold mining process can take 18 to 36 months to manufacture. US Power & Environment LLC (USP&E) has shortened that lengthy process to a guaranteed less than 4 months, greatly reducing the barriers of growth for the gold mining industry. With gold prices positioned to outperform recent record highs and rise above $ 1,500 per ounce in the next 12 months, according to Barrick Gold, the world’s largest miner of the precious mutual, this advancement in technology couldn’t have come at a better time.

Because the processes of engineering, procuring and installing diesel and HFO power stations quickly enough to meet the rising demand has been such a problem in the past, an opportunity for innovative, aggressive and proactive companies has been created.

One such company is USP&E, a Dallas-based engineering, procurement and construction company that offers global service and maintenance to power stations in mines and marine applications that are truly unique.

“We can supply 100MW of new generators with 24 month warranties in less than 4 months, guaranteed,” said Carl Daughtery, VP of Global Construction for USP&E. “Our standard installation timeline is only 4 weeks, whereas most of our competitors require 6-12 months. We work worldwide and understand our client’s urgent needs. We have solutions that allow clients to be up in the shortest possible timeframe.”

The gold mining industry is taking notice. Even in a depressed worldwide economy, USP&E’s sales are already up over 300 percent in 2010.

With gold at these prices, mining companies desire to double and triple production but just cannot wait 12-36 months for engineering, procurement and construction to be completed.” said CEO Will Gruver. “The technology we employ allows operations worldwide in Africa, Asia, South America and Europe to benefit from turnkey power stations in record time.

USP&E is a Dallas-based global technology solutions provider that focuses on engineering, procurement, construction, operations and maintenance of diesel generators and HFO power stations worldwide. For more information on their offerings see http://www.uspowerco.com.

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Knoxville, TN (PRWEB) January 30, 2011

System Improvements, Inc., a global leader in advanced root cause analysis, today announced the release of Version 5 of the patented TapRooT® v Software. This new release provides safety and quality investigators, reliability and maintenance engineers, and healthcare professionals a flagship solution for creating a central hub for the investigation process. The TapRooT® Software is designed to streamline and organize an incident investigation process for dynamic results. The software combines incident identification, analysis, and report writing into one seamless process.

Investigation and audit findings are easily edited and communicated through user-friendly report features of this software. Users can distribute meaningful data securely by exporting the reports directly to Adobe Acrobat (PDF), Microsoft Word, or Microsoft Excel.

The TapRooT® Software is a scalable solution that can be used systemically by large enterprises, small businesses, or even individual investigators, said Dan Verlinde, Director of Information Technology & Software Development. It can work as a stand-alone solution, or integrate with your existing incident management systems and practices. What sets our software solutions apart is that we have built around the proven and patented TapRooT® process for investigating and performing root cause analysis, and made a software that is an integral tool in this process.”

Trusted by Leaders

TapRooT® System and Software is used worldwide by clients including Alstom, Novartis, Exelon, Vestas, ConocoPhillips, Rio Tinto, Chevron, Barrick Gold, the Military Healthcare Command, Saudi Aramco, ExxonMobil, and Fluor (among many others) to investigate problems and improve performance.

Easy-to-Use Technology

The new interface will help companies and users easily transition from TapRooT® root cause analysis training to practical on-the-job software use. The TapRooT® v5 Software will walk you through the 7 step process for investigations and audits including: logging your investigation data; mapping your sequence of events; developing corrective actions; and generating reports.

About System Improvements, Inc.

Mark Paradies is founder and President of System Improvements, Inc. and has over 30 years of experience operating, managing and improving high reliability systems. Linda Unger is Vice President of System Improvements, co-developer of the TapRooT® System and helps clients integrate TapRooT® into their performance improvement processes by developing implementation strategies.

System Improvements has 40+ highly skilled instructors/investigators/facilitators who teach public and onsite TapRooT® Courses globally and provide on-site consulting. Companies around the world have used the TapRooT® system to help people investigate accidents, incidents, quality problems, equipment failures, schedule delays, cost overruns, hospital sentinel events, and many other types of problems. TapRooT® is also used to improve the effectiveness of audits, observations, and self-assessments in proactive improvement efforts.

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More Barrick Press Releases

New York, NY (PRWEB) April 9, 2011

Chief Investment Officer and CEO of Sprott Asset Management, Eric Sprott, was quoted this week saying “$ 2,000 gold and $ 50 silver are possible in 2011″ and stated nothing short of “global stability and rational central bank behavior” would change his bullish opinion on the precious metals. Sprott did not offer specific equity investment vehicles to capitalize on however Market Equities Research Group offers below some possible ways for exposure to precious metals including a review of Canamex Resources Corp. a unique Canadian-based mineral exploration mining company with a large tonnage gold project in Nevada with an historic (non 43-101 compliant) resource estimate of 383,000 oz Gold.

A full review of Canamex is available at http://www.miningmarketwatch.net/csq.htm online.

Simple ways to gain exposure to precious metals are to buy a senior producer focused ETF such as Market Vectors-Gold Miners (GDX), Global X Silver Miners ETF (SIL), or a junior focused ETF such as Market Vectors Junior Gold (&Silver) Miners ETF (GDXJ). However the problem with these ETFs is that they funnel attention to a select few companies whereas there is a large universe of fast growing gold and silver stocks that offer exceptional risk-reward scenarios. One such company that appears poised for upside share price appreciation in 2011 is Canamex Resources Corp. with only ~39M shares outstanding and trading under CDN$ 0.25. Canamex’s Bruner Gold Project in Nevada is a large tonnage gold project with an historic (non 43-101 compliant) resource estimate of 383,000 oz Gold, similar in style to Kinross & Barrick’s nearby Round Mountain Mine which has produced over 10,000,000 ounces gold in the last 20 years via low cost open pit bulk mining heap leach operation.

Recent drilling and hydrometallurgical testing on Canamex’s Bruner deposit affirms the belief that with continued success there exists the potential to conceivably emulate Round Mountain. The recent exploration efforts by Canamex on Bruner are part of a process of bringing current the historic (non NI 43-101 compliant) resource estimate of 383,000 oz Gold established in 1991, since that time an additional 86 holes have been drilled within and along strike of the resource area.

Like the Round Mountain Mine deposit Canamex’s Bruner deposit material is low grade but as demonstrated in recent “bottle roll” tests is leachable with average gold recoveries in excess of 90%. Historic production at Canamex’s Bruner includes ~100,000 ounces at an average grade of 0.56 opt gold. CSQ.V definitely confirmed the potential at Bruner in its last round of drilling with intercepts of over 300 feet of low grade in one hole with a five foot veinlet averaging close to 10 g/t gold with decent silver grades too. The deposit also appears to be open ended with oxidization occurring to at least 800 feet beneath the surface. In short, Bruner appears to be a significant deposit.

New President Joins Canamex Resources:

Successful investors will acknowledge the old adage “it is necessary to have the right people at the top to unleash a company’s potential”. Such is the reasoning for the appointment of Greg Hahn, a Certified Professional Geologist and a geological engineer with more than 35 years of experience in exploration and mine development, as the new President and CEO of Canamex. The Bruner gold project is now considered such a solid gold prospect for Canamex that it strategically forms a baseline project that can be expanded upon and act as a backstop while it juxtaposes exploration efforts on a possible second front (we note that Canamex is actively vetting highly prospective prospects in South America) and Mr. Hahn is certainly one of the most talented people in the business able to unleash Canamex’s potential. Mr. Hahn has a curriculum vitae that reveals a track record of repeated successes;

He is a principal of Greg Hahn Consulting, LLC, a mining and geological consulting firm. Mr. Hahn was a founding director and shareholder of Marathon PGM Corp. in 2003, which was sold in November 2010 to Stillwater Mining Company for $ 170 million, and director, Interim President & CEO of Metalline Mining Company, where he was co-lead director on structuring a merger with a Vancouver-based entrepreneurial and mineral exploration group that resulted in an increase in Metalline’s market cap from $ 20 million pre-merger a year and a half ago to +$ 140 million today. From 1995 to 2007, Mr. Hahn was President, Chief Executive Officer and a director of Constellation Copper Corporation, where he was instrumental in bringing the Lisbon Valley copper mine through permitting, engineering, financing, construction, and initial operation. Prior to Mr. Hahn’s position with Constellation Copper Corp., he was Vice President for St. Mary Minerals Inc. for four years, examining investment opportunities in Latin America, and Chief Geological Engineer for CoCa Mines Inc. for five years, where he helped construct and operate two open pit heap leach gold and silver mines in the 1980s. He spent ten years previously with Noranda Inc. as an exploration and pre-development geologist. Mr. Hahn received a B.A. in Earth Sciences from Dartmouth College and an M.S. in Geology and Geological Engineering from Michigan Tech.

A full review of Canamex is available at http://www.miningmarketwatch.net/csq.htm online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

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Houston, Texas (PRWEB) May 18, 2011

What does the future hold for the extractive sector? According to the International Energy Agency, demand is increasing markedly. And of course, in the wake of the Middle East crisis, oil prices spiked to their highest levels since 2008.

Shale gas supplies appear to be one answer. They are available in ubiquitous quantities across North America, and some analysts are forecasting shale gas will supply as much as 50% of the USAs natural gas production in North America by the end of the decade.

Ethical Corporation, a leader in CSR intelligence for business, is therefore running an American conference for the extractive sector for the first time. This follows on from successful events on social and environmental risk management in the UK for the past two years. Liam Richardson, the conference director, offered the following remarks:

This conference is coming at a most opportune time. With a significant stream of events impacting the extractives sector it is more important than ever to share knowledge and best practice, as well as discussing what the future might hold for the industry.

More detail on the event can be found at the website – available here: http://www.ethicalcorp.com/risk-management-usa

The conference will gather a host of the most incisive and informed industry professionals from across the world. These include figures from leading companies such as Shell, Chevron, ExxonMobil, Marathon Oil, Barrick Gold, ArcelorMittal, Halliburton and Rio Tinto amongst many others.

Over the two day event, delegates will attend sessions suggested and molded by their peers- a trademark of Ethical Corporation conferences. Topics featuring at the event include; mitigation of environmental challenges, building effective community relations, minimising supply chain risks, establishing best practice for hydraulic fracturing and maintaining a social license to operate.

For detailed information on the conference including a full agenda, list of speakers and who else is expected to attend please go to http://www.ethicalcorp.com/risk-management-usa and download a brochure: http://www.ethicalcorp.com/risk-management-usa/download-brochure.shtml

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Carson City, NV (PRWEB) May 25, 2011

Stockpick.pro reports that Spartan Gold Ltd. , the diversified U.S. based junior gold exploration company, recently announced that a new discovery of Carlin-style gold mineralization, alteration, and felsic diking has been made on the Ziggurat property controlled by Spartan and its partner Mexivada Mining Corporation.

This new discovery comes after the company announced that it had completed a significant project expansion plan for the Ziggurat prospect located in Nevada in early March.

In conjunction with its Project partners, Spartan was able to secure and augment additional claim blocks to add to the original 57 claims defined and previously announced under the Option and Mining Claim agreement dated December 27th, 2010.

An interesting point is that Spartans gold properties are in close proximity to numerous prolific producing gold mines operated by industry leaders such as: Barrick Gold Corporation, Newmont Mining Corporation, and Fronteer Gold.

Spartan Gold CEO, Mr. Malcolm Stevens, commented at the time, We believed the Ziggurat property had all the components necessary to establish a very promising future in one of the great area plays in the best gold province in the USA today. This made Ziggurat an attractive investment opportunity in the beginning and we were pleased to have closed this deal on behalf of the shareholders.

http://www.stockpick.pro/focus-stock-spag/

Stockpick.pro – Penny Stocks Research Reports Investor Relations

Disclaimer:

Stockpick.pro is owned and operated by Stock Point LLC.

Verify all claims and do your own due diligence. Stock Point LLC profiles are not a solicitation or recommendation to buy, sell or hold securities. Stock Point LLC is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. Stock Point LLC is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. In order to be in full compliance with the Securities Act of 1933, Section 17(b), Stockpick.pro is owned and operated by Stock Point LLC. Stock Point LLC has been compensated by Star Investor Relations: fifty thousand dollars for one month of investor relations services for SPAG. Neither Stock Point LLC nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents. Since Stock Point LLC receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in Stock Point LLC statements and opinions and such statements and opinions cannot be considered independent. Stock Point LLC and its management may benefit from any increase in the share prices of the profiled companies. Information contained herein contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be “forward looking statements”. Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Stock Point LLC services are often paid for using free-trading shares. Stock Point LLC may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.

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Find More Barrick Press Releases

New York, NY (PRWEB) June 09, 2011

The Thomson Reuters/Jefferies CRB In-The-Ground Global Commodity Equity Index (TICKER: CRBQX) will add one new component, effective 6:00 PM (EDT) Sunday, June 19, 2011. One stock will be deleted from the index, maintaining the number of index components at 150.

The addition to CRBQX is: Equinox Minerals Ltd (TICKER: EQN CN). The stock will be added to the index on the condition the tender offer acquisition by Barrick Gold (TICKER: ABX CN) expires with no action.

The deletion from CRBQX is: Sumitomo Metal Industries (TICKER: 5405 JP). The stock will be deleted provided the aforementioned corporate action does not occur.

If the acquisition by Barrick Gold occurs there will be no additions or deletions made to the index.

The addition and deletion affects the Thomson Reuters/Jefferies CRB In-The-Ground Global Industrial Metals Equity Index (CRBIX), which is a sub-index of CRB-EQ.

The Thomson Reuters/Jefferies CRB Wildcatters Energy E&P Equity Index (TICKER: WCATI) will add six new components, effective 6:00 PM (EDT) Sunday, June 19, 2011. Four stocks will be deleted from the index, changing the number of index components to 69.

The additions to WCATI are: Petrobank Energy & Resources (TICKER: PBG CN); NAL Energy Corp (TICKER: NAE CN); EnQuest Plc (TICKER: ENQ LN); Canadian Energy Services & Technology Corp (TICKER: CEU CN); Open Range Energy Corp (TICKER: ONR CN); and Whitecap Resources Inc (TICKER: WCP CN).

The deletions from WCATI are: Progress Energy Resources Co (TICKER: PRQ CN); McMoRan Exploration Co (TICKER: MMR US); Berry Petroleum Co (TICKER: BRY US); and Camac Energy Inc (TICKER: CAK US).

A complete list of constituents and weights will be posted on the Thomson Reuters/Jefferies CRB Equity Indexes family website (http://www.crbequityindexes.com/indexdata-form.php) as of the effective date.

The Thomson Reuters/Jefferies CRB In-The-Ground Global Commodity Equity Index (TICKER: CRBQX) is an equity index designed to serve as a benchmark for globally traded stocks that are principally engaged in the production and distribution of commodities, including energy, metals and agricultural products. Detailed information is available at http://www.crbequityindexes.com/ and most vendors of financial data.

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Sacramento (PRWEB) August 30, 2011

The Performance Marketing Association, a trade organization representing more than 25,000 small online businesses, is calling on all California Legislators to closely examine the motives behind the recent gut-and-amend strategy with regard to AB 155. The new language will repeal ABX1 28 in an attempt to subvert an on-going referendum effort to overturn the new law just signed by the Governor Brown in June.

Rebecca Madigan, executive director of the Performance Marketing Association (PMA) stated, This current effort is nothing short of bad public policy and demonstrates a complete disregard for the voters of this state. This small contingent of legislators pushing for the modified version of AB 155 recognizes voters understand the issue and plan to vote in June to repeal the flawed legislation created with ABX1 28.

According to the PMA, when ABX1 28 passed in June, 25,000 small online businesses were devastated, losing significant income, causing them to lay-off employees, shut their doors or move out-of-state. This referendum effort to overturn ABX1 28 was a way to get those 25,000 companies back in business.

Madigan continued, At a time when the unemployment rate is at 12% in the state, our elected officials should be focusing on ways to jump start our economy, not attempting to do further damage to what was once a growing, thriving and vibrant industry of web-based businesses.

Pushing a modified version of AB 155, in fact perpetuates the flawed bill that was originally passed in June, sending a powerful message to California voters: youre stuck with flawed legislation and you lost your right to vote and change it, Madigan noted.

In a move to deprive California voters the opportunity to decide on an important tax issue (as the governor promised), legislators are attempting to thwart a referendum effort with questionable tactics. That, to me is reprehensible and the modified version of AB 155 should be a non-starter for the more reasonable members of our legislature, Madigan concluded.

The Performance Marketing Association (PMA) is the national trade association representing affiliate marketers. The not-for-profit trade association was founded in 2008 by the leaders of the performance marketing industry. The PMA gives performance marketers a unified voice to address issues and challenges facing the industry, such as the nexus tax proposed in some states.

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Find More ABX Press Releases

Rye Patch Gold Stakes More Claims and Starts Drilling at Rochester
Rye Patch Gold is developing gold and silver resources along the emerging Oreana trend, located in west-central Nevada, and is exploring 66 square kilometres along the Cortez trend near Barrick's two new gold discoveries. The Company has established …
Read more on MarketWatch (press release)

Sacramento, CA (PRWEB) September 06, 2011

A recent survey, conducted by the Performance Marketing Association, Inc., of Californias online Affiliate Marketing industry has confirmed what experts have been attempting to convey all along with regard to the implementation of an affiliate nexus tax; a nexus tax unquestionably harms Affiliate Marketers.

Rebecca Madigan, executive director of the Performance Marketing Association, Inc. (PMA) stated, Unfortunately the survey results have confirmed what we knew all along; an affiliate nexus tax immediately reduced the income of these small California companies, forcing them to make tough business decisions such as hiring freezes, laying employees off, or moving out-of-state. The survey uncovered some dire outcomes for these businesses: 37% lost over half their income; 22% closed their affiliate businesses; almost 32% have moved or are planning on moving.

Further, proving that such a nexus tax will not generate additional sales tax revenue for the state of California, Board of Equalization Member, George Runner noted last week, As of today were not aware of a single online retailer that has registered with BOE to collect sales tax because of ABX1 28. According to Board of Equalization staff, the number of out-of-state registrations in July 2011 was actually lower than July 2010.”

Madigan added, Learning from history, we know ABX1 28 will not persuade out-of-state retailers to start collecting sales tax. We know this because other states that attempted to pass similar laws arrived at the same results, no new sales tax revenue materialized. It is our hope that this empirical data will compel members of the Legislature to reflect upon this issue and create a win-win situation for the state. Because right now all we have is a dramatic decline in the incomes of 25,000 small businesses, companies leaving the state, and no additional sales tax being collected.

As this final week of the legislative session concludes, the PMA is urgently calling on all California Legislators to closely examine the motives behind the recent gut-and-amend of Assembly Bill 155. Enough politicking, lets concentrate on getting these 25,000 Affiliate Marketers back in business and do what it takes to get Californias job base and economy back on track, Madigan concluded.

The survey was conducted the week of August 29, 2011 with a sample size of 500 Affiliate Marketers in California, representing about 2% of the entire industry.

The Performance Marketing Association (PMA) is the national trade association representing affiliate marketers. The not-for-profit trade association was founded in 2008 by the leaders of the performance marketing industry. The PMA gives performance marketers a unified voice to address issues and challenges facing the industry, such as the nexus tax proposed in some states.

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Related ABX Press Releases

Steven Tyler: Fiancee Erin Brady Wooed Me With Seductive Headband
The rock legend, who was previously married to Cyrinda Fox and Teresa Barrick, said he maintains good relations with all the women from his past. “I've got four beautiful kids. I still love their moms. I just screwed up,” he continued.
Read more on Access Hollywood

"A Miracle for Jen" with Inspirational Speaker Jennifer Barrick
by Lebanon Valley College ANNVILLE, PA (01/05/2012)(readMedia)– Lebanon Valley College and For-U Ministries join in presenting "A Miracle for Jen" with inspirational speaker Jennifer Barrick on Saturday, Jan. 21 at 7 pm in LVC's Miller Chapel.
Read more on ReadMedia (press release)

Gunnison, Colorado (PRWEB) October 21, 2011

On Thursday, July 22, 2010 following a ten day trial, a jury sitting in Gunnison, Colorado vindicated local gold miners Lance Barker and Ken Orvis and their company Au Mining, Inc., by finding them not liable on all charges brought against them by Barrick Goldstrike Mines, Inc., a subsidiary of Canadian mining giant Barrick Gold Corporation. Barrick brought the suit, Barrick Goldstrike, Mines, Inc. v. Barker, Orvis, and Au Mining, Inc., in Gunnison, Colorado District (Case No. 07CV55), alleging that Barker and Orvis artificially inflated the value of gold ore shipments they delivered to Barricks Goldstrike facility outside of Carlin, Nevada from 2001 to 2006 by adding man-made gold to samples taken at the facility, an act known as salting. The ore came from the Golden Wonder Mine, a high grade telluride ore deposit located outside of Lake City, Colorado, which Au Mining operated from 1997 to 2006. Barrick brought claims for fraud, breach of contract, and unjust enrichment against Barker, Orvis, and Au Mining, seeking damages in excess of $ 22 million, which Barrick claimed was the amount it overpaid for the ore due to the alleged salting.

Barrick claimed that the samples were salted and that Defendants had the motive and opportunity to salt the samples when Mr. Barker and Mr. Orvis participated in the sampling of the shipped ore at the Goldstrike facility. The samples were obtained by shoveling ore samples into five gallon buckets, which were then sealed and delivered to Barricks assay laboratory where the gold content of the samples was determined. Au Mining was paid based on a formula multiplying the assays and the tonnage of ore delivered from the Golden Wonder Mine. Barrick alleged that between 2001 and 2006, the defendants added man-made gold to the samples during these shoveling events.

However, the jury heard testimony from a large number of Barrick employees who worked side-by-side with Mr. Barker and Mr. Orvis when the ore was sampled and who testified that they never saw Mr. Barker or Mr. Orvis put any foreign gold in the samples. The defendants testified that they participated in the sampling events only because they were asked to help out because Barrick did not properly staff the sampling events with its own employees. Their testimony was corroborated by a number of Barricks own employees who stated that the company was not properly staffed to conduct the sampling without the defendants assistance.

In support of its claims, Barrick relied on the testimony from Dr. R.J. Watling, a Professor of Forensic Science at the University of Western Australia who opined that based on his examination of scanning electron microscopic images of the gold contained in the samples, the samples contained a type of microcrystalline gold that did not exist in nature and therefore was man-made and artificially added to the samples.

In response, the defendants offered the testimony of Dr. Paul Spry, a Professor of Geology at Iowa State University and an expert in telluride ore deposits who opined that the alleged manmade gold naturally precipitated from boiling solution during volcanic mineral deposition events. The jury saw evidence that the microcrystalline gold existed in a sample Barrick taken directly from the Golden Wonder Mine after the litigation commenced as well as other samples taken from the mine.

While Barrick argued that only the defendants had the motive the salt the samples, the defendants offered sworn testimony and documents from Barricks own employees that raised questions about Barricks motive to falsely accuse the defendants. The evidence revealed that Barrick commingled Au Mining ore with higher tonnages of lower grade ores in its process and for five years never could definitively account for the gold contained in Au Minings ore. Yet, evidence obtained from Barricks own accounting records showed that Barrick estimated a net profit of $ 8.7 million attributed to Au Minings ore.

The evidence presented at trial revealed flaws in Barricks gold recovery processes, and included emails in which senior Barrick management admitted problems with its Toll Ore Program, which refers to Barricks practice of purchasing outside ores from third-party vendors such as Au Mining. Such evidence included an internal email written by Barrick senior management which states that logistically Goldstrike doesnt have the people or equipment in place to perform an accurate Met accounting on high grade materials.

On its website, Barrick claims to be the gold industry leader and to have the gold industrys largest unhedged production and reserves.

Barrick is represented in the case by Francis M. Wikstrom, Michael P. Petrogeorge, and Nicole G. Farrell of Parsons Behle & Latimer in Salt Lake City, Utah and Luke J. Danielson of Gunnison, Colorado. The defendants are represented by Roger F. Sagal, Andrew A. Mueller, and Mark T. Howe of the Tisdel Law Firm, P.C. in Ouray, Colorado and Michael T. Mihm of Starrs Mihm, LLP in Denver, Colorado.

Rothschild sues news group over Moscow claims
Court documents and testimony reveal that Lord Mandelson accompanied Mr Deripaska, Mr Rothschild and Peter Munk, chairman of Barrick Gold, on a one-day visit to Akaban, Siberia. Mr Tomlinson said the “trip to Siberia was recreational” and “no business …
Read more on Financial Times

BLM Seeks Input on Elko Pipeline Project
The Bureau of Land Management (BLM), Elko District Office, seeks public input on a proposed pipeline from Ruby Pipeline's main line to Barrick Goldstrike's operations in northern Elko county. Energy Operations Management (EOM), based in Sacramento, …
Read more on KTVN

Scottdale parking lot project could be put on hold
Late last spring Michael Barrick, with the association, introduced the rain garden/water abatement project to council. He said the association was looking at a design that would allow for 92 parking stalls as opposed to the approximate 70 stalls that …
Read more on Connellsville Daily Courier

Mesquite, Nev. (PRWEB) January 17, 2012

Southern Nevadans will get the chance to enjoy the majestic world of hot air balloons Jan. 28-29 when the inaugural Mesquite Hot Air Balloon Festival is presented.

Spearheaded by balloon meister Gayle McCoy of Elko, the event is expected to draw about 24 participants. A 22-year resident of the city in northeastern Nevada, McCoy literally eats, sleeps and breaths the world of hot air balloons.

Let it never be questioned that the energetic McCoy is enthusiastic about the color of hot air balloon festivals. Self-proclaimed as a utility guy at Barrick Bald Mountains gold mine in Elko, Nev., McCoy is certain that yet another first in Mesquite is about to become one of the citys favorite events.

Its a passion for me, said McCoy adding that a long-running hot air balloon festival in North Las Vegas ceased about 6-7 years ago. I think people are going to remember this one in Mesquite for years to come.

McCoy explained that his enthusiasm of hot air balloon festivals started about 32 year ago when his wife, Martha, worked for a newspaper in Riverton, Wyo. Her boss attended a hot air balloon festival in Albuquerque, N.M. before arriving home to tell anyone who would listen what a great event he had just attended.

From there, its been up, up and away, laughs the colorful McCoy, who found the energetic and progressive minds of Mesquite eager to create yet another balloon festival. His own balloon, Misbehavin, will be part of the gathering in Mesquite.

Contestants include eight from Nevada; nine from Utah (Park City, Murray, Alpine, West Jordan, St. George, Salt Lake City and Salina); six from California (Simi Valley); and one from Arizona.

The festival in Mesquite is sponsored by Mesquite Gaming along with AmeriGas of St. George, Utah. All events related to the festival will be held at the CasaBlanca Resort or the CasaBlanca Golf Course. An in depth schedule of events includes an assortment of gatherings. Balloons will launch each day beginning at about 6:30 a.m. from the CasaBlanca Golf Course.

In the afternoon, tethered rides will be available beginning at 3 p.m. at the CasaBlanca Resort Parking lot weather permitting.

Equally as entertaining will be a balloon glow on the grounds of the CasaBlanca Resort on the evening of Jan. 28. An awards presentation Jan. 29 will wrap up festivities at 10 a.m. at the CasaBlanca Golf Club.

Further information can be found by visiting http://www.rubymountainballoonfestival.com or http://www.casablancaresort.com or by calling CasaBlanca Sporting Event Manager Christian Adderson at 888-711-4653, ext. 51; or Balloon Meister Gayle McCoy, 775-397-2494.

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More Barrick Press Releases

Everton Announces Initial NI 43-101 Mineral Resource Estimate for the La …
Everton is actively exploring adjacent to the US$ 3.8 billion Pueblo Viejo project, currently being developed by the world's largest gold mining company, Barrick Gold Corporation (60%) in partnership with Goldcorp Inc. (40%) ("Goldcorp") …
Read more on MarketWatch (press release)

TSX hits near 11-week peak on hopes for Greece
Materials gained nearly 1 percent with Barrick Gold (ABX.TO: Quote) up 1.6 percent at C$ 47.28, as gold prices climbed on technical buying after the metal broke a key resistance level. Financials rose 1.4 percent with Royal Bank of Canada RY.
Read more on Reuters Canada

MDN Inc.: Fourth Quarter Operation Results at the Tulawaka Gold Mine
MONTREAL, QUEBEC, Jan 18, 2012 (MARKETWIRE via COMTEX) — MDN Inc. ("MDN") /quotes/zigman/39600 CA:MDN +4.35% hereby notifies its shareholders that African Barrick Gold plc (ABG), the project operator of the Tulawaka gold mine in Tanzania in which MDN …
Read more on MarketWatch (press release)

Broker News & Views
StockMarketWire.com – Westhouse Securities upgrades African Barrick Gold from hold to buy, with a target price of 553p. Berenberg downgrades Tate & Lyle from buy to hold. Nomura initiates buy on African Barrick Gold, target price 750p.
Read more on Stock Market Wire

John Stephenson: Gold Stock Investors—Buy "Best of Breed" (GLD, GDX, GDXJ …
JS: In terms of relative size and scale, you don't get any bigger than Barrick. The stock is trading at less than 10x earnings, which in itself is phenomenal and less than 1x net asset value (NAV). It has better growth than Newmont Mining Corp.
Read more on ETF Daily News

Substantial Upside, Limited Downside In AuRico And Barrick
Two producers in the industry that analysts are bullish about are Barrick Gold (ABX) and AuRico (AUQ). I have previously argued here that the former has substantial upside and limited downside. I find similar risk/reward in the latter.
Read more on Seeking Alpha

Air Transport Services Group Inc (ATSG) Downgraded by Zacks Investment Research
ATSG wholly owns three independent airlines, ABX Air, Inc. (ABX), Capital Cargo International Airlines, Inc. (CCIA) and Air Transport International, LLC (ATI). ATSG’s leasing subsidiary, Cargo Aircraft Management, Inc. (CAM), leases aircraft to …
Read more on LocalizedUSA

CREDIT MARKETS: Treasurys Post Selloff Amid Euro-Zone Optimism
An ABX index of subprime mortgage bonds rallied by more than three points to a mid-market price of 51.5 cents on the dollar at midday when the New York Fed disclosed the sale. The rise put the index at its highest level since at least August, …
Read more on Wall Street Journal

Canadian Stocks Advance After Global Manufacturing Data Improve
(ABX), the world's biggest gold producer, climbed 4.5 percent as the US Dollar Index declined the most in a month. Potash Corp. of Saskatchewan Inc., the world's biggest fertilizer producer by market value, rallied 5.1 percent after an analyst at …
Read more on Bloomberg

Survey sees 2012 gold peak at 00 an ounce
(ABX, ABX.T) announced a 25% increase in its quarterly dividend. Newmont Mining Corp. /quotes/zigman/235723/quotes/nls/nem NEM -3.42% also boosted its quarterly dividend that month. Newmont's dividend increase was linked to the gains in gold prices …
Read more on MarketWatch

Canada Hot Stocks: Shoppers, Gold Stocks
(ABX), Goldcorp Inc. (GG) and Kinross Gold Corp. (KGC). The Ontario Court of Appeal overturned an earlier court decision that allowed Shoppers (C$ 40.69, -C$ 1.06, -2.5%) to sell private-label generic prescription drugs in the province.
Read more on Wall Street Journal

Chicago, IL (PRWEB) September 14, 2011

ICNet International Ltd, a UK corporation and the global leader in Infection Prevention surveillance software serving over 1000 hospitals globally, announced it has opened its North American office in Warrenville, Illinois, led by local technology executive, Adam Boris.

Adam Boris, CEO for ICNet Systems, Inc. stated, The Chicago area is the perfect location to create and build our North American operations. Chicago is home to internationally respected hospitals, some of the finest universities in North America, and a very vibrant healthcare and technology community.

Pat Beyer, Global CEO for ICNet International added, With the hiring of Adam Boris earlier this year, ICNet Systems has begun the process of building our North American operations in the Chicagoland area. We are actively developing national and regional sales teams in the U.S. and Canada. We are also actively seeking marketing, IT support professionals, and administrative personnel. In addition, we are aggressively developing relationships with North American value added resellers and channel partners.

As dramatized by the recent release of the movie Contagion, many are reminded of the potential risks of community acquired infections. In reality, however, there is a silent killer in Americas hospitals – hospital acquired infections. In fact, one out of 20 hospitalized patients is affected by Healthcare-Associated Infections (HAIs). According to the CDC, HAIs are one of the top ten leading causes of death in the US, killing more Americans each year than AIDS, breast cancer, and auto accidents combined. There were an estimated 1.7 million HAIs causing 99,000 deaths in 2002.

> From statics provided by ICNet, the mortality rate for patients with a hospital-acquired infection was 12.9% compared to 2.3% for patients without an HAI. Many hospitals defend several legal claims each year for HAI liability.

> Medicare no longer allows cost recovery for infections acquired more than 48 hours after admission. Medicaid and many private insurers have followed suit and restricted or reduced HAI claims.

> From statistics provided by ICNet, the average length of stay for patients with HAIs is extended by 16.1 days, resulting in average excess costs of $ 16,471 per stay. ($ 4.7M in annual excess cost for an average hospital.)

> There is an increasing risk of super bugs spreading throughout the healthcare system. In a 2007 study of 28,000 reported HAIs, 16% were found to be Multiple Drug Resistant Organisms (MDROs) of which 50% were Staphylococcus Aureus (MRSA).

New figures published 12th January, 2011 by Health Protection Scotland (HPS) show that NHS Fife, a hospital using ICNet software, continues to make significant progress in reducing HAIs. Case numbers in Fife for July to September 2010 fell to 0.28 cases per 1000 occupied bed days, a decrease of 19% from the previous quarter, 80% down from the same period two years ago, and 40% below the national average.

Discussing the importance of establishing a North American headquarters to provide state-of-the-art HAI surveillance technology in the U.S. and Canada, Boris continued, We understand the burden of increased demands for government reporting for the NHSN, Medicare (CMS) benchmarking and trending, and compliance with core measures. With 9% of all CMS revenue soon to be at risk and national media attention focused on infection rates and patient safety, the need for an automated electronic reporting tool for IPs has never been greater.

ICNet Systems is proud to sponsor the Chicagoland Patient Safety Summit (CPSS) along with CHEF (Chicago Healthcare Executives Forum), the University of Illinois Medical Center and the Centers for Medicare and Medicaid Services (CMS). Many other prominent organizations have joined in sponsoring the event, including the Chicago Medical Society, the Illinois Hospital Association, and the National Association of Health Services Executives (NAHSE). CPSS is being held from September 13th to the 15th at University of Illinois Chicago Forum, with an exceptional panel of healthcare and patient safety leaders,leaders, including Dr. Howard K. Koh, who serves as the Assistant Secretary for Health for the U.S. Department of Health and Human Services (HHS) and James M. Galloway, MD, Assistant US Surgeon General. Over 300 medical and executive leaders are expected to attend.

About Adam Boris

Adam Boris is an Illinois native and graduate of the University of Illinois at Urbana-Champaign and the Northwestern University – Kellogg School of Management. Boris has over 20 years experience in the technology industry, supporting Chicagos growing technology community. In the past 10 years, he has held senior executive roles in in several growth-stage technology companies, including DBS Communications, Telmaz, and First International Digital. As SVP of Operations at DBS Communications, he grew the operations from $ 20M to over $ 60M in less than two years, launching over 20 new markets and achieving a national footprint. He has also served as advisor and consultant to growing technology and healthcare companies, including bioM

The Hood Internet
This Chicago-based DJ duo of Aaron Brink and Steve Reidell, better known as ABX and STV SLV (pronounced Steve Sleeve), began mixing tracks in 2007 and have since continued down the road to success, thanks to their catchy, razor-sharp mashups, …
Read more on Salt Lake City Weekly

Higher costs drive down ratings for gold producers
Macquarie Equity Research cut its fourth-quarter earnings outlook for North American gold producers, including Kinross Gold Corp. and Barrick Gold Corp., by an average of 17 per cent in anticipation of lower gold prices. "Heading into 2012, we expect …
Read more on Vancouver Sun

Bullfrog Gold Corp to Explore Nevada Project
Bullfrog's management and expert consultants recently examined in detail all available geophysical, geochemical and drill data to specifically evaluate the potential extension of mineralization from Barrick's Montgomery-Shoshone open pit mine onto the …
Read more on MarketWatch (press release)

Barrick's US.9B investment tops a very good year with the Commonwealth
For Fernando González Nicolas, president of the Round Table of Commonwealth Nations in the country, the assertion is evidenced by the Canadian miner Barrick Gold's US$ 2.9 billion investment in its operation at Pueblo Viejo, Cotui (central), …
Read more on Dominican Today

Fox Davies Capital Update featuring Discovery Metals, Hochschild Mining …
African Barrick Gold (LON:ABG) plc (UNDER REVIEW) (ABG LN, 467.6p, ▲ 1.72%) announced its fourth quarter report for the three months ended 31 December 2011. Gold production was 160020 ounces in the quarter with sales of 158869 ounces. …
Read more on Stockopedia

FTSE 100 falls short of technical hurdle, miners drag
* FTSE 100 down 0.4 percent * Miners lower, African Barrick update misses expectations * Oils lower, Tullow Oil falls By David Brett LONDON Jan 18 (Reuters) – London mining stocks gave pause to their recent rally on Wednesday, leading Britain's FTSE …
Read more on Reuters

Barrick to invest m in Lumwana mine
Barrick Lumwana Mining Company currently has 2000 employees and more jobs will be created after the expansion project. “We are looking at doubling our production when the expansion project is fully completed,” he said. Mr Schiller also disclosed that …
Read more on Zambia Daily Mail

Drug dealer ordered to repay almost £65000
Ian Barrick, aged 40, was jailed for five years and eight months in March 2011, after admitting supplying class C drugs (cannabis). On 1 July 2008, officers from GMP's Drug Unit executed a warrant at a house on Barff Road, Salford. …
Read more on The Bolton News

Coeur Appoints Randy Buffington Senior Vice President of Operations
Since 2003, Mr. Buffington served in a variety of general management roles with Barrick Gold Corporation including Managing Director of Barrick's Lumwana copper project in Zambia and General Manager of the Goldstrike mine complex in Nevada. …
Read more on MarketWatch (press release)

Coppermoly and Barrick Gold form joint venture over New Britain Island projects
Coppermoly (ASX: COY) has a large tonnage copper-gold-molybdenum projects in Papua New Guinea which is currently being drill tested by Barrick Gold Corporation. Barrick can earn a 72% stake in the projects if they spend $ 20 million. …
Read more on Proactive Investors Australia

VIR to Get Bike-Friendly Curbing
The following report and findings by Ron Barrick are based on the track inspection by himself and Aaron Stevenson on January 5th, 2012. Please note: Glen Goldman and Bill Sink also inspected the track on January 6th, 2012. Contrary to initial reports, …
Read more on MotorcycleUSA.com

CREDIT MARKETS: Freaky Friday Amid French Rating Cut Leaks
Markit's ABX index of subprime residential mortgage-backed securities rose a day after reports of a planned multibillion dollar sale of the assets by the New York Fed next week. Talk of supply hitting the market knocked the index lower on Thursday, …
Read more on Wall Street Journal

Basic Materials Change Hands (BHP) (ABX) (BBL) (POT) (FCX)
(USA) (ABX) shares struggled to keep afloat today, and fell by 0.51% to $ 45.27 per share. In the last 12 months, Barrick Gold Corp. (USA) has seen a high of $ 55.95 and a low of $ 42.5 per share. BHP Billiton plc (ADR) (BBL) got hit in today's trading …
Read more on The Markets Are Open (blog)

3 to Try: Events off the beaten path
The Dispatch app features breaking news, sports, weather, videos, movie times, gas prices, a flight tracker and much more. Abx, a collective of central Ohio artists formed in 2009, is presenting its seventh group show of abstract paintings through Feb. …
Read more on Columbus Dispatch

Gold Miner Status Report, ABX, AUY, EGO, NG, GG
Barrick Gold (ABX) shares dropped $ 0.34 per share or 0.71%, falling to $ 47.68. Stock volume in Barrick Gold was 831095 shares in the trading session. Yamana Gold got hit in today's trading session, moving downwards by 0.79% to $ 15.14. …
Read more on The Markets Are Open (blog)

Camarillo, CA (PRWEB) September 23, 2011

The Performance Marketing Association (PMA) representing 25,000 web-based Affiliate Marketing businesses in California, is very pleased Governor Brown signed AB 155 (Calderon) into law earlier today.

PMA executive director, Rebecca Madigan stated, The signing of this legislation means these 25,000 web-based entrepreneurs will be able to get back in business. For the PMA, this issue has always been about keeping the vibrant Affiliate Marketing sector of the economy strong and growing.

According to the PMA, the legislation passed earlier this year resulted in these small businesses experiencing a drastic cut in their earnings with 35% of Californias Affiliate Marketers losing over half their income. By signing AB 155 to repeal ABX1 28, these businesses will get an opportunity to recoup some of their lost income. While the reprieve is only for one year, it is hoped a more permanent solution will be found.

Madigan continued, We would like to thank the Governor and those who worked to forge the compromise within AB 155 for this reprieve. We are encouraging all out-of-state retailers who were forced to stop working with California affiliate marketers to reinstate their California programs. Since AB 155 contained an urgency clause the Governors signature in essence puts it into effect immediately which means California Affiliate Marketing is back open for business.

PMA expressed, on behalf of its members, the future is looking brighter and we look forward to working with key stakeholders on supporting a federal sales tax reform solution that solves this problem constitutionally, that is fair and equitable for consumers and businesses, that is good for America, and no longer targets our promising online industry.

The Performance Marketing Association (PMA) is the national trade association representing affiliate marketers. The not-for-profit trade association was founded in 2008 by the leaders of the performance marketing industry. The PMA gives performance marketers a unified voice to address issues and challenges facing the industry, such as the nexus tax proposed in some states.

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US Gold Corp sees gold price over 00 this year
McEwen pointed out the anomaly that gold company shares lag the metal's price — something often viewed as a barrier to more investment in the stocks of the major companies such as Barrick Gold (ABX.TO) and Newmont Mining (NEM.N), known as "seniors. …
Read more on Reuters

Hard-to-Find Bargain Stock Buys
Both stocks, in my judgment, should be able to roll up a total return — dividends plus capital appreciation — of 25% to 30% in the coming year. Favor NEM if you want a slightly higher dividend yield (2.3% currently, versus 1.3% for ABX).
Read more on Investorplace.com

Gold Miner Status Report, ABX, AUY, EGO, NG, GG
Shares of Barrick Gold (ABX) pressed higher by $ 0.865, moving the stock price to $ 48.375. Shares of Barrick Gold have traded as high as $ 55.95 per share and as low as $ 42.5 in the last year. Yamana Gold dropped $ 0.0201 per share or 0.13%, …
Read more on The Markets Are Open (blog)

Barrick Gold Crosses Below its 10-day MA (ABX)
Today, shares of Barrick Gold (NYSE:ABX) have crossed bearishly below their 10-day moving average of $ 45.27 on a volume of 2.6 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower …
Read more on Financial News Network Online

The Golden Standard (ABX) (AUY) (EGO) (NG) (GG)
Shares of ABX have so far hit a 52-week high of $ 55.95 per share and a 52-week low of $ 42.5. Yamana Gold moved 4.65% higher to $ 15.97 per share in today's trading. Shares of AUY have so far hit a 52-week high of $ 17.47 per share and a 52-week low of …
Read more on The Markets Are Open (blog)

CREDIT MARKETS: Limited Issuance Finds Willing Buyers
Meanwhile, the ABX index of subprime mortgage-backed securities on Tuesday expanded its rebound from last week as investors were heartened that Goldman Sachs had bid for a multibillion-dollar part of a New York Fed bond portfolio. …
Read more on Wall Street Journal

Hot Option Plays: Market's Acting Like It's 1999
Barrick Gold (NYSE:ABX) loses 6 cents to $ 48.28, even after gold prices rose $ 30 to $ 1661 an ounce. Shares of the gold miner are down and options volume in the name is noteworthy today, as 72000 calls and 15000 puts traded in Barrick Gold today. …
Read more on Daily Markets

Jobless Claims Rise in Pre-Holiday Week
The Gold Miners ETF (AMEX:GDX) is trading down over .5% Thursday, with top holdings Barrick Gold (NYSE:ABX) and Goldcorp (NYSE:GG), which are both trading lower Thursday. Overall, US stocks are trending higher today, and the SPDR S&P 500 (AMEX:SPY) is …
Read more on MarketNewsVideo.com

Redhill Resources inks deal to buy Nyakagwe project near Barrick mine
(CVE:RHR) said Wednesday it has entered a deal with Thamani Mines to acquire an 85 percent stake in the Nyakagwe project in East Africa, located within six kilometres of Barrick Gold's (NYSE:ABX) 12-million ounce Bulyanhulu gold mine in Tanzania. …
Read more on Proactive Investors USA & Canada

KY Cold Case—Missing Person, Alyne Barrick
With this in mind, members of the KSP Post 3 in Bowling Green, KY are asking the public to help in finding a Kentucky resident, Alyne Barrick, who has been missing for over a decade. As members of the KSP Post 3 explain, Alyne Barrick was last seen on …
Read more on SurfKY News

Balanced Mechanicsburg wrestling team closes in on Keystone Division title in …
Roger Barrick's squad recently earned the program's 500th victory in beating Cumberland Valley for the first time in 25 years. This experienced bunch threw another log on the celebratory fire Thursday night by blowing past Middletown 44-20 to earn the …
Read more on PennLive.com

Drug dealer must sell his homes as payback
Ian Barrick has been ordered to pay back £64274 — or face an extra 18 months in jail and still have to repay the money. The 41-year-old, for- merly of Grove Street, Kearsley, was jailed for five years and eight months in March, 2011, after pleading …
Read more on The Bolton News

Was John Paulson right to sell gold? (GLD, ABX, SPY)
John Burbank, head of Passport Capital, established a short position on Barrick Gold ( ABX , quote ). Both will look even wiser in 2012 as gold continues to fall. The views and opinions expressed herein are the views and opinions of the author and do …
Read more on NASDAQ

Gold Miner ETFs Leap As Options Turn Bullish; AUQ, ABX, GG Jump
Traders can swap the calls for shares at a profit should the ETF climb 28% during the next five-and-a-half months. Leading the way today for GDXJ and GDX include sharp moves higher by: AuRico (AUQ), Silvercorp (SVM), Barrick (ABX) and Goldcorp (GG).
Read more on Barron’s (blog)

5 Gold Miners Become Takeover Targets
Barrick Gold (ABX) is rumored to be one potential suitor with enough "buying power", as is Freeport McMoRan Copper & Gold (FCX). This reminds me of the situation that hit silver and gold miner Hecla Mining Co. (HL) when one of its major mine shafts was …
Read more on Seeking Alpha

Barrick Gold Corp (ABX) Downgraded by Canaccord Genuity to "Hold"
Barrick Gold Corp (NYSE: ABX) was downgraded by research analysts at Canaccord Genuity to a “hold” rating in a report issued on Tuesday. They currently have a $ 57.50 price target on the stock. Separately, analysts at Scotia Capital upgraded shares of …
Read more on LocalizedUSA

Barrick Gold Gleams Like A Stock
Barrick Gold, the world's largest gold miner, had a strong 2011 due to its sensitivity to gold prices. Though the company did make a push to set up more copper reserves by acquiring Equinox Minerals, the division still accounts for only 10 percent of …
Read more on Forbes

Wrestling Commentary: Barrick wins 500th for the second time
Mechanicsburg senior wrestler Rustin Barrick did a lot of his growing up in Cumberland Valley's Eagle Dome, watching his father Roger lead the Eagles as the team's head wrestling coach, perhaps even witnessing his dad lead the program to its 500th win …
Read more on Carlisle Sentinel

Bullish Two Hundred Day Moving Average Cross – ABX
(NYSE: ABX) crossed above their 200 day moving average of $ 48.63, changing hands as high as $ 48.89 per share. Barrick Gold Corp. shares are currently trading up about 1.5% on the day. The chart below shows the one year performance of ABX shares, …
Read more on Forbes

Gold Stock Report (ABX) (AUY) (EGO) (NG) (GG)
Barrick Gold (ABX) advanced 0.33% in today's session to $ 48.16 per share. Shares of Barrick Gold have traded as high as $ 55.95 per share and as low as $ 42.5 in the last year. Yamana Gold (AUY) shares moved 0.26% higher to $ 15.53 per share in today's …
Read more on The Markets Are Open (blog)

Top 10 Most Profitable Precious Metal Stocks: SLW, BVN, SVM, NSU, RGLD, GG …
Barrick Gold Corporation (USA) (NYSE:ABX) is the 9th most profitable stock in this segment of the market. Its net profit margin was 33.00% for the last 12 months. Its operating profit margin was 49.87% for the same period. …
Read more on China Analyst

What's The Next Direction For Gold Prices? (GLD, IAU, GDX, GDXJ, DZZ, GG, ABX …
John Townsend: With overnight Sunday trading of gold futures set to begin in a matter of hours I offer this post to lay out some of the parameters of the precious metal's current technical situation. We will look at gold through a variety of time …
Read more on ETF Daily News

Newmont Mining Predicts Lower Copper Production, Higher Costs In 2012
(ABX), also predicted gold production for the year would come in mostly in line with estimated 2011 production levels. For 2012, the company predicted gold production of 5 million to 5.2 million ounces, compared with estimated production of 5.2 million …
Read more on Wall Street Journal

Why North Springs, Freeport Are Heading Skyward
As much as I have been confident about Freeport and even Barrick Gold ( ABX ) outperforming the market, I am significantly more confident about the success of North Springs Resources ( NSRS ). As Freeport – which trades at a respective 7.8x and 9.4x …
Read more on NASDAQ

What's The Next Direction For Gold Prices? (GLD, IAU, GDX, GDXJ, DZZ, GG, ABX …
John Townsend: With overnight Sunday trading of gold futures set to begin in a matter of hours I offer this post to lay out some of the parameters of the precious metal's current technical situation. We will look at gold through a variety of time …
Read more on ETF Daily News

Newmont Mining Predicts Lower Copper Production, Higher Costs In 2012
(ABX), also predicted gold production for the year would come in mostly in line with estimated 2011 production levels. For 2012, the company predicted gold production of 5 million to 5.2 million ounces, compared with estimated production of 5.2 million …
Read more on Wall Street Journal

Why North Springs, Freeport Are Heading Skyward
As much as I have been confident about Freeport and even Barrick Gold ( ABX ) outperforming the market, I am significantly more confident about the success of North Springs Resources ( NSRS ). As Freeport – which trades at a respective 7.8x and 9.4x …
Read more on NASDAQ

Gold Stock Price Update for Today, Jan-18
ABX is trading -1.53% below its 50 day moving average and -0.83% below its 200 day moving average. ABX is -14.03% below its 52-week high and 13.45% above its 52-week low. ABX's PE ratio is 11.01 and their market cap is $ 48.01B. Barrick Gold Corporation …
Read more on Beacon Equity Research

Rick Mills: Derisking Gold Juniors, Step by Step (GLD, GDX, GDXJ, ABX, MDW …
(NYSE:ABX) and Midway Gold Corp. (AMEX:MDW), where Barrick has the right to earn 60% interest in the project by completing work expenditures totaling $ 30 million (M) by the end of 2013. But that sliding royalty from the Barrick/Midway JV is really …
Read more on ETF Daily News (blog)

Analysts' Actions: FDX, FITB, JBLU, AKS, ABX
By TheStreet Staff 01/17/12 – 09:34 AM EST Barrick Gold (ABX) downgraded at Canaccord from Buy to Hold, Canaccord said. $ 57.50 price target. Relative valuation and limited implied return to target price. AK Steel (AKS) downgraded at Deutsche from Buy …
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Barrick Falls After Saying Gold Output May Drop: Toronto Mover
20 (Bloomberg) — Barrick Gold Corp., the biggest producer of the metal, erased gains after the company said gold production may fall this year. Barrick fell 1 percent to close at C$ 46.52 in Toronto. The Toronto-based company earlier traded as high as …
Read more on BusinessWeek

Barrick Falls After Saying Gold Output May Drop: Toronto Mover
Barrick Gold Corp. (ABX), the biggest producer of the metal, erased gains after the company said gold production may fall this year. Barrick fell 1 percent to close at C$ 46.52 in Toronto. The Toronto-based company earlier traded as high as C$ 47.65. …
Read more on Bloomberg

Kinross in Play After Paying Too Much in African Gold: Real M&A
Wirtz said Barrick Gold Corp. (ABX), the world's largest producer of the precious metal, could also be a potential acquirer. Gold Diggers Steve Mitchell, a spokesman at Toronto-based Kinross, said the company doesn't comment on market rumor or …
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Critical Alerts for eBay, Simon Property Group, Barrick Gold, ARM Holdings …
20, 2012 /PRNewswire/ — Seven Summits Research issues critical PriceWatch Alerts for EBAY, SPG, ABX, ARMH, and TDC. To see what our analysts have discovered about these stocks read the Seven Summits Strategic Investments' PriceWatch Alerts at …
Read more on PR Newswire (press release)

The 'Perils' Of A Gold Standard? (GLD, SLV, GDX, IAU, DZZ, AUY, ABX, GG, GDXJ)
Jeff Nielson: Among my own list of “pet peeves”, near the very top are systemic flaws in analysis. Put another way, I am infuriated by seeing analytical mistakes which “everyone” makes, because when the supposed “experts” in our society insist on …
Read more on ETF Daily News

TOKYO, Jan 17 (Reuters) – Sumitomo Metal Mining Co , Japan’s second-biggest copper smelter, said on Tuesday it had been unable to agree an annual contract to buy copper ore from BHP Billiton in 2012, with talks on processing fees having broken down.

A company spokesman declined to comment on details.

Japanese firms normally purchase more than 200,000 tonnes of copper a year from BHP Billiton, which owns the world’s No.1 copper mine, Escondida in Chile, out of total imports of some 1.3 million tonnes.

BHP is seeking treatment and refining charges below the levels earlier agreed by Freeport McMoRan Copper and Gold after a strike at its Grasberg mine in Indonesia caused a supply disruption on the global market, making talks with Japanese smelters difficult, an industry source said.

Freeport McMoRan Copper and Gold agreed a term TC/RC of $63.5 a tonne and 6.35 U.S. cents a pound for clean, standard copper concentrate for delivery in 2012 with major Chinese smelter Jiangxi Copper and Japanese smelter Pan Pacific Copper.

The fees are a 12.4 percent increase from the 2011 charges.

This month, BHP and Chinese copper smelters settled 2012 term copper concentrate treatment and refining charges of $60 a tonne and 6 U.S. cents a pound, trade and smelter sources said.

Japan’s biggest smelter, Pan Pacific Copper, said on Tuesday it was still in talks with BHP on an annual contract for 2012, but negotiations had been delayed due to the halting of operations at its 200,000 tonnes a year Saganoseki smelter in southeast Japan after a fire.

“Talks have been delayed, but we haven’t left the table,” a company spokesman said.

Mitsubishi Materials Corp, Japan’s third-biggest smelter, said it had completed talks with BHP but declined to comment on further details. (Reporting by Yuko Inoue; Editing by Michael Watson)

The S&P500 is approaching the end of the current weekly upswing, #6. The expected reversal date is January 14th, and there is a 91% probability of the reversal occurring within four days plus or minus. The duration of the approaching downswing is expected to be short, the end expected on the 27th of January.

Pfizer (PFE) should reach the end of its current upswing very soon. The expected end date is January 12th, and there is a 91% probability the trend will end with a four day window surrounding that date.

There would need to be at least two more swings on the 60-minute chart for the pattern to be complete, so the upswing could very easily end on the 12th. If not, the 60-minute chart will require another four swings to be complete. The important point is there is probably not a lot more profit to be squeezed out of the current swing.

The next downswing, #5, is expected to last until February 11th.

The importance of a good management team…

WHAT SHOULD you look for in a Gold Mining investment?

In this interview with The Gold Report Pathfinder Asset Management’s Taylor MacDonald explains why well-structured deals, quality assets and high-octane management teams are what he reckons makes for solid Gold Mining companies.

The Gold Report: Taylor, many investors are confused by today’s unpredictable market. Are you as confused as most market observers?

Taylor MacDonald: We have come to expect the unpredictability. Since 2008 volatility has become the new norm. You have to learn how to protect yourself in these hazardous times.

TGR: How has 2011 tested your bag of investment tricks?

Taylor MacDonald: We focus on the long term, taking large positions in smaller companies. We look for unique assets, strong management teams and structure. In the past couple of years, we have learned to stick to our knitting, to what we do best.

TGR: And what would you say you do best?

Taylor MacDonald: Our strength is identifying undervalued opportunities in the precious metals, energy, commodities and technology sectors. We like to find what I call concept companies early on. If necessary, we will provide whatever help we can to management teams as the investment theses unfold.

TGR: Recently The Gold Report interviewed a former fund manager who cautioned retail investors to stay away from hard assets for at least the next 12 months and sit in cash until the global economic picture becomes clearer. What is your view?

Taylor MacDonald: There is some truth to that. However, it is in the times of the greatest uncertainty that the greatest opportunities are created. If you can find well-structured deals, quality assets and high-octane management teams with enough cash to get through the next year or two, I see this as a great buying opportunity. Valuations have been crushed; there are a lot of good buys out there.

The one thing you want to avoid is financing risk. Look for companies that have a nice war chest. Stick with those that will be able to carry out their business plans when everybody else is suffering. There are a lot of companies on the Toronto Stock Exchange Venture board that I don’t think will be around a year from now.

TGR: In January, you nailed the call on the combination of the US Dollar breaking down and quantitative easing 2, “the perfect storm” that would push gold higher. While the Gold Price has appreciated considerably since then, it has fallen 15% from its high of $1,920/ounce (oz) in early September. What’s your outlook for gold in 2012?

Taylor MacDonald: I think 2012 will likely be a flat or somewhat off year. I can see $200–300/oz more downside in gold at most, though.

In 2008 and early 2009 there was a lack of faith in many equities, especially when currencies were failing. With the Euro tumbling, the US Dollar becomes the go-to currency. Unfortunately, anything that is good for the US Dollar is bad for things priced in Dollars.

But, looking at the long-term picture, I see a very bullish picture for gold. You can still find a lot of good investments in the gold space and we think that it deserves a space in portfolios from both a valuation perspective and an insurance perspective.

TGR: In late December the European Central Bank (ECB) offered European banks loans totaling the equivalent of $640 billion, the largest infusion of credit by the ECB into the banking system in the history of the Euro. What’s your perspective on the ECB’s action?

Taylor MacDonald: Only time will tell. This appears to be another Band-Aid solution. Until countries like Greece and Italy are forced to be more fiscally responsible, these loans are just temporary solutions. Taking from Peter to pay Paul, if you will. The issues in Europe are long term in nature and this is another reason that we have built volatility in as the new normal in our macro thesis.

TGR: Early in 2011, two-thirds of your fund was in resource-based equities: precious and base metals, oil and gas. Has that changed?

Taylor MacDonald: Yes. We were fortunate to have pared back our precious metals positions into the bull run on gold. We reduced our exposure in the commodity space and were lucky to get out of some of our positions at or close to their highs.

We are now sitting at roughly half resource and commodity companies as a whole, with the balance in technology, special situations and the like.

TGR: How are you further mitigating risk in your fund?

Taylor MacDonald: One way is by refocusing on a list of core names. We are investing in fewer new deals and trying to play them much better; buy once and get as much as you can. We are looking to positions that are much more consolidated and focused, to know the companies better and be much closer to them.

Typically, we look for companies with a fair bit of cash on the balance sheet. The only exception to that would be investing in a company with a really high-torque management team that will be able to raise money irrespective of the markets. There are certain guys I would be confident in even if the treasury is looking a little skinny.

TGR: Do you follow certain people in terms of management?

Taylor MacDonald: We are trying to figure out whom the next mining industry “rock stars” will be. So far, I would name Amir Adnani, Ian Slater and Nolan Watson.

TGR: And are you happy to see 2011 in the rearview mirror?

Taylor MacDonald: Absolutely. While there is more turbulence to come—the proverbial black swans getting sucked into jet engines—overall I am optimistic. I think the long-term, bullish picture for commodities in general is still intact.

TGR: Taylor, thank you for your insights.

livetradingnews.com

Gold’s price rise projections in the market cycle

Investing in today’s markets should be called Volatility Investing since most trading is done by computers with complex algorithms that when stops are hit, cause mass liquidation.

For this reason, everyone should know that the widely expected move in Y 2012 is going to be finite in price and time, not to infinity and beyond.

An analyst that I read made the observation that the markets were following a Contracting Fibonacci Spiral http://library.thinkquest.org/27890/theSeries6.html, and when looking at this over the last 6 months makes one realize the entire Universe runs on mathematical principles at many levels and under different conditions, he says, “the collective human psyche is just another example.”

As analysis now shows, the USD still has another 3-4 wks of sideways to upward grinding price action. Sideways to slightly negative markets at the end of January will convince most observers that this year will end lower than last year, and that deflation is going to kick in.

We know that things travel in waves, and continue to follow course until conditions have been satisfied for a reversal to happen.

There are a few interesting points to note from the analyst’s writings:

1.At every time point on the Fibonacci spiral so far, each subsequent point in time has reached a higher high and on the same note, each gain has been smaller and smaller on a percentage basis than the prior move (e.g. DOW at 40 in 1932 to 995 in 1966 vs any other time period examined, nearly 44 fold higher during the above time frame).

2.Each Top has been followed by an excruciating decline of at least 40-50%; this cycle calls for Tops, not bottoms.

3.Each point of the contacting Fibo cycle is more condensed than the former, so, volatility will increase as it continues to the point of singularity nearing 2020-2021.

4.The collective human psyche is driving this cycle, all events that occur on an individual basis be it personal success or failure, deaths, births, accidents wars etc. etc. are randomly occurring while the cycle tops are like towns on a road map with a train holding a constant speed between them. The destination will be reached at a particular point in time and what happens to people on the train during the trip does not affect the outcome of reaching the destination. Like anything, this cycle could be stopped by a nuclear war, asteroid hitting the earth or any event as large as those mentioned. Cycles can be stopped, but recognition that we are in a large cycle nearing completion is worth taking note of.

If and because the broad stock markets are trapped in a spiral does not mean that tops are limited to other sectors.

Now consider this Gold bottomed around Y 2000 and marked at topped in Y 2008, that is approximately 8 yrs.

On 10 September 1999 the low was set and on 1 May 2008 a top was marked. The high this represented 3156 days, or 8 yrs, 7 mos and 21 days, 7.5% above the perfect value of 2922 days for an 8 yr time frame.

So, when you take 61.8% of this value, then the next Top for Gold is due Monday 2 September 2013.

So, put +/- 5% onto this and assume that it will be earlier rather than later due to the first part of the cycle, then the earliest expected Top is 25 February 2013.

Since the 1st leg was longer than 8 yrs by 7.5%, then it is more than likely that the end of January 2013 is a good target date, but it could occur nearer to mid-January 2013, but this is the time frame to expect the action.

This is an observation, but it is really interesting that Gold is operating on a smaller Contracting Fibonacci Spiral Cycle that is in synch with the markets larger Contracting Fibonacci Spiral.

Putting together the facets of this activity, it follows that the price of Gold will move up in price in Y’s 2013, 2016, 2018, 2019 and 2020, with each subsequent leg moving less in percentage terms than the prior move.

Gold advanced 4 fold-ish from Y 1999 until Y 2008, 252 to 1046 oz. suggesting that Gold should Top out below 4000 oz over the course of the next year or so.

It appears likely that the price of Gold will Top out near 7 to 10,000 oz by Y 2020, but each advance will be lower in percentage terms of the former leg as it moves North.

The cycles the markets are in now look hard to navigate. So, remember that all markets are entwined, and that the principles of Fibonacci are inherent throughout nature.

This cycle has been running since Y 1932 and has dates locked in, including all events randomly occurring.

BE a careful observer in 2012 and when 2013 comes, we will be hearing hyperinflation is on the horizon, when possibly the opposite will in view.

Note that the principle behind the Contracting Fibonacci Spiral is not 1-off, but likely to be seen in many other examples in history, either as a pure number or some transformation based value. Stay tuned…

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Barrick Up: Start of New Up Cycle

Barrick is making first daily swing of its next up cycle. The April 43 Call was priced at $4.65 when yesterday’s buy signal was given. At this moment it is up by$.95 at $5.50, a gain of 18.3% in less than one day. I’d lock in a 15% profit and wait for the next downswing to present another entry point.

Oil Up: Counter Swing Against Current Down Cycle

Oil’s down cycle is due to end in the last week in December. Today’s gap up is the 4th daily swing in the five expected in the current down cycle. The coming up cycle is expected to be short lived, its end due in the second week of January.

NEW YORK (TheStreet ) — Gold prices were wavering Monday on a mix of technical trading, fear buying and bargain hunting.

Gold for February delivery was down $2.20 at $1,600.10 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,611.50 and as low as $1,585.50 an ounce while the spot price was down $1, according to Kitco’s gold index.

Silver prices were shedding 55 cents at $29.12 an ounce while the U.S. dollar index was slightly higher at $80.21.

Gold was rising steadily after tanking 7% last week. George Gero, senior vice president attributes a portion of today’s rally to short covering — where traders buy back previously sold positions. “A closing price of $1,615 or better could trigger buy stops as momentum traders could notice improvement in open interest.” This means that once gold breaks above that level, traders could jump in and accelerate any move higher.

Gold was also showing resilience to a stronger U.S. dollar, which was the safe haven currency of choice Monday as the world learned of North Korean leader Kim Jung Il’s death. Many were worried about saber rattling, perhaps another nuclear test, and a power struggle in the country, which had propped up the dollar against major Asian currencies. To that point, some of Monday’s rally could also be safe haven buying as gold tends to do well during geopolitical uncertainty.

Scott Redler, chief strategic officer at T3Live.com, says that gold has more to prove before believing in another up move. Redler says that a close above the $1,610 level over the next five trading sessions would be bullish for gold.

The latest commitment of traders report for the week ended December 13th showed that speculative long positions fell by more than 8,000 contracts while short positions rose by 924 contracts. “Because prices continued to fall after the reporting date,” says Commerzbank, “the negative trend as regards the positioning of speculators is likely to have persisted.” Commerzbank says gold’s price decline can therefore be blamed on the futures market rather than physical gold. “Holdings of gold ETFs remain at very high levels.”

James Steel, analyst at HSBC Securities says that net long positions for gold have not been at these low levels since the beginning of November. “This leaves gold prices at levels that can increase if net longs were to pick up.”

The most popular gold ETF SPDR Gold Shares(GLD_) shed only 15 tons last week despite gold’s violent move downward. It was a steep one-day drop, but the 1.1% move was in sharp contrast to a 7% move in the commodity price, meaning that there were those buying gold last week. The price of the ETF moves with the gold price but the ETF is only forced to sell tonnage when there are no buyers.

Germany also sold almost 5 tons of gold in October. According to the Wall Street Journal, Germany’s central bank sold the gold to the Ministry of Finance to mint commemorative coins. The gold then did not surface in the marketplace. Germany still holds more than 3,300 tons of gold, according to the World Gold Council. Official sector purchases, as they are called, have become a bullish factor for gold as the sector and any kind of reversal will be closely watched. Central bank purchases reached 148.4 tons in the third quarter according to the World Gold Council and could reach 450 tons by year’s end.

Gold mining stocks were struggling Monday. Barrick Gold(ABX_) was shedding 0.91% at $44.52 while Newmont Mining(NEM_) was down 0.97% at $61.58.

Other gold stocks, Goldcorp(GG_) and NovaGold(NG_) were trading mixed at $45.61and $8.88, respectively.

Time is running out for the current daily downswing in PFE. I expect three more swings on the 15 minute chart– two down and one up — before it is time to look for a long entry point.  Support levels of the 15 minute chart are $20.81, $20.66 and $20.50. At the moment $20.66 is the active support level and $20.81 is working as resistance.

60 MINUTE CHART: The first swing down looks to be complete, and the second swing is forming now.

DAILY CHART: The end of the 3rd daily down-swing is expected today. This is one of those unusual counter-trends that don’t appear on the daily chart but can be found on a shorter time-frame.

From Motley Fool:

Lithium, the silvery metal that goes into batteries powering electric and hybrid cars, among other things, is turning heads. And with the way lithium companies are performing, this “white gold” might be worth a serious look.

What’s driving the lithium wave?
Lithium, a lightweight metal that can store large amounts of energy, has made our lives easier in many ways. From the snazzy BlackBerrys and Macbooks we can’t do without, to the hot electric cars we all swoon over, lithium batteries can be found everywhere.

While gadgets continue to rule, automakers’ interest in electric vehicles has also gone up, fueling demand for lithium batteries. Last month, General Motors (NYSE: GM  ) surprised many with its plans to roll out the electric Spark in 2013 in the U.S. Some of the biggest names have been backing Tesla Motors‘ (Nasdaq: TSLA  ) electric run, and demand for its Model S sedan, due in mid-2012, is outpacing supply.

Ford Motor (NYSE: F  ) is equally excited about riding the electric wave, and is planning to increase its electric-vehicle production threefold by 2013.

The higher the automakers’ enthusiasm, the better it is for the companies who have been happily riding the lithium wave.

Riding the wave
There couldn’t be a tastier treat for lithium producers than the metal’s high demand and tight supply. Lithium king Sociedad Quimica y Minera‘s (NYSE: SQM  ) third-quarter lithium volumes and revenues were significantly higher from the previous year, by around 25% each, and are expected to remain as firm.

Being the world’s largest lithium producer and having the Chile (the hub of lithium reserves) advantage, SQM can emerge as the biggest winner here. Here’s an intriguing tidbit: Chemical king PotashCorp currently holds 32% of SQM. It’s got to be loving SQM’s lithium position right now.

The other company to watch out for is Rockwood Holdings (NYSE: ROC  ) . Its specialty segment’s third-quarter top line climbed 17.4% as lithium volumes and prices rose. Upbeat about lithium, Rockwood is directing major investments into this business.

Things aren’t any different for FMC. Higher prices and volumes for lithium helped push its specialty segment’s third-quarter revenues up by 8% to $217.9 million from last year, thus driving its total revenues up by 11.6%. FMC is anticipating higher lithium prices next year, and SQM is equally optimistic. Understandably so, given how lithium is boosting their revenues.

It’s even more impressive to see how every company that has anything to do with lithium is enjoying the party. Consider Polypore International (NYSE: PPO  ) , which makes membranes for lithium batteries. It was a solid 65% growth in the sale of lithium battery separators that took its third-quarter revenues to $190.1 million, up 25% from last year.

Similarly, shipments hit record highs for lithium-ion battery maker A123 Systems (Nasdaq: AONE  ) in its third quarter; revenues shot up a staggering 145% from the year-ago quarter to $64.3 million.

Catching the wave
FMC is planning significant lithium business expansions and is likely to start a new plant by 2014. Rockwood is building new plants in North Carolina and Germany to meet the growing demand for lithium.

These moves are giving clear indications of where the lithium market could be headed, and it might be foolish to ignore the metal’s potential.

The Foolish bottom line
Subsidies, rebates, funding — President Barack Obama is keen on pushing electric technology, aiming to make the U.S. the first country with 1 million electric cars on the road by 2015.

Fool contributor John Rosevear wrote earlier this week about how concerns about fires in the Chevy Volt hybrid car suddenly have investors raising the question of whether the electric-car revolution — or at least the lithium-ion battery revolution — is in trouble.

I don’t expect the Volt incident to affect automakers and their use of lithium batteries in the long run. Automakers might get more cautious, but they aren’t going to get their foot off the electric-car accelerator so soon. The optimism around lithium strengthens further as gadgets reach more hands.

A great alternative for fossil fuels, betting on lithium could turn out to be a smart move. Who knows, we might just strike gold with lithium! I suggest Fools keep a close eye on the lithium story. Add these stocks to your personalized stock-tracking service, My Watchlist, and stay updated on all the news and analysis.

• Add Sociedad Quimica y Minera to your stock watchlist.
• Add Rockwood Holdings to your stock watchlist.
• Add Polypore to your stock watchlist.
• Add A123 Systems to your stock watchlist.
• Add Tesla to your stock watchlist.
• Add Ford to your stock watchlist.
• Add General Motors to your stock watchlist.

**************************************************

Editor’s note.  A junior lithium company, First Liberty Power (Symbol: FLPC.OB), has recently come to my attention. From their website:

First Liberty Power Corp. is an innovative and aggressive U.S. based exploration  and development company. Headquartered in Nevada, First Liberty Power, Corp. is positioning itself to be at the vanguard of the United States efforts to free itself from foreign oil and achieve its goal of  clean sustainable energy self sufficiency.

First Liberty Power Corp. holds the rights to an 84 claim, 12,800 acre property located in close proximity to the Lithium brine rich, Clayton Valley, Nevada. The Clayton Valley Lithium deposits has been known and even tapped on for decades. The Chemtall Lithium Silver Peak facility, the largest Lithium brine production facility in the U.S, was opened in 1967 and has been producing lithium carbonate from brines ever since.

Our objective is to develop these opportunities and to seek other strategic mineral resources to capitalize on the anticipated explosive demand for sustainable clean power that will allow us to tap into the rapidly growing green energy movement that is revolutionizing and recasting the way the world is powered.

SPY is forming the second (up) leg of the daily down-cycle, which looks close to reversing. The end of the daily downtrend is expected around December 15th.

PFE is forming the second hourly swing of its daily down-cycle, and is back at the 15% expansion level at $20.57. The fact that it hasn’t reversed strongly at the second daily cycle point is pointing to a weak reversal swing down to the 3RD daily cycle point which is due around the 15th.

The SPY is in the beginning of a weekly cycle that should last until the last week of December. It is now in a counter trend down that should reverse early next week and provide a long entry for those interested in trading a short-term up-trend.

In case you’ve been wondering why Pfizer has been rising despite going off patent last week, it’s because the stock is in a weekly uptrend cycle that should last until mid-January. (The same is true of all drug manufacturers. It’s important to note that even though all drug manufacturers are in the same up-cycle what each does within that cycle will vary.)

The daily cycle trend is down into next week which should provide a long entry point. PFE is forming the first leg down now.

During the previous weekly down-cycle my system signaled two profitable trades. The first lasted only two days, from 11/08 to 11/09, and netted just over 20%. The second lasted from 11/11 until 11/25 when I exited at $18.39 and netted just under 50%. I didn’t trade the first leg of the current up-cycle due to family logistics, but I’ll be looking for a long entry next week.

http://news.stocktradersdaily.com/news_releases/fish_20111207.html

Our Trading Reports in this Article:

• RGLD
• AUY
• ANV
• GOLD

2011 has proven to be another big year for gold as the precious metal has risen 21% year-to-date. Uncertainty surrounding the European sovereign debt crisis coupled with global inflation concerns has made the safe haven asset a strong bet in a difficult trading environment. Here are four of the best performing gold stocks this year.

Royal Family

When looking at stocks tied to the gold industry with a market cap of at least $2 billion, Royal Gold (Nasdaq: RGLD) has been one of the very best performers as we get ready to close out 2011. The company which owns and manages gold royalties has seen its stock price surge 45.7% so far in 2011.

Last month, the company reported record Q1 net income as its royalty revenue jumped 42% over the prior year period. Royal Gold has benefitted from higher gold prices as well as increased production. The impressive results the company has delivered enabled it to recently announce a 36% increase in the amount of its quarterly dividend payments.

The Canada-based gold producer Yamana Gold (NYSE: AUY) is also having a big year. Record adjusted earnings have helped the company to shore up its balance sheet by increasing its cash position and paying down debt. Shares of AUY have jumped 26.1% on the year.

Honorable Performances

Allied Nevada Gold Corp (NYSE: ANV) was able to offset Q3 gold production that was below expectations with higher realized selling prices and silver production that exceeded expectations. The company’s average realized selling price for an ounce of silver doubled on a year-over-year basis.

Allied Nevada is in the process of laying the groundwork for future growth of its existing operations. Capital additions for this year are expected to total around $110 million including the expansion of the mobile equipment fleet at its Hycroft mine. ANV shares are up 27.0% year-to-date.

One other gold stock that has been a notable performer in 2011 has been Rangold Resources (Nasdaq: GOLD). The African focused gold miner has cautioned investors that wet conditions and a temporary work stoppage at its Tongon mine could have a negative impact on Q4 production. The output is still expected to be above 2010 figures. Shares of GOLD have gained 26.6% since the beginning of the year.

(RTTNews) – Asian stocks fell across the board on Tuesday, halting recent sharp gains on worries that the financial turmoil in Eurozone could worsen after ratings agency Standard & Poor’s warned it might downgrade all of the euro zone countries, including AAA rated Germany, France and Austria.

With systemic stresses in the eurozone rising significantly in recent weeks, the ratings agency said it expects to conclude its review of eurozone sovereign ratings as soon as possible following the EU summit scheduled for December 8 and 9. German and France leaders called for reforms to address the euro zone crisis, helping limit the downside to some extent.

Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France on Monday issued an ultimatum to the 27 European Union governments, saying that they will push ahead with a new treaty to impose automatic sanctions against countries that violate firmer rules on deficits.

Japanese shares fell sharply, snapping three days of gains, as the S&P’s announcement sapped appetite for risk. The Nikkei average as well as the broader Topix index closed down about 1.4 percent each, with export-related stocks pacing the declines. Fanuc dropped 1.2 percent, Sony fell 1.9 percent, Toyota Motor lost 2.1 percent, Komatsu shed 2.7 percent and TDK tumbled 3.4 percent.

Tokio Marine Holdings plummeted almost 4 percent after the non-life insurer slashed its group net profit forecast for this fiscal year ending March. Scandal-hit Olympus jumped over 9 percent on rising expectations that the camera and medical equipment maker will submit its April-September period earnings report before the Dec. 14 deadline to avert delisting by the TSE.

Australia’s benchmark S&P/ASX 200 and the broader All Ordinaries index fell around 1.5 percent each, as waning investor appetite amid concerns about the fallout from the European crisis and data showing soft government spending figures for the September quarter overshadowed the Reserve Bank of Australia’s 25 basis point interest rate cut.

The central bank cut the benchmark cash rate by 25 basis points to 4.25 percent as expected, its second reduction after a similar cut in November, to support economic activity amid the global economic uncertainties. The RBA said that the inflation outlook afforded scope for a modest reduction in the cash rate.

The big four banks – ANZ, Commonwealth, Westpac and NAB slipped between 0.3 percent and 1.5 percent, with deepening euro zone crisis weighing on sentiment. Global miner BHP Billiton fell 1.5 percent, rival Rio Tinto lost 2.2 percent and Fortescue edged down 0.6 percent.

Gold miner Newcrest Mining slumped 4 percent on a brokerage downgrade after a landslide halted mining at its Cadia goldmine in NSW. Shares of retailers saw stock-specific buying ahead of the crucial Christmas period. David Jones closed 0.7 percent higher, while JB Hi-Fi added 0.8 percent.

China’s Shanghai Composite index eased 0.3 percent to a six-week low in thin trading, with financial stocks bearing the brunt of the selling on renewed fears over the European debt crisis contagion.

Hong Kong’s Hang Seng snapped a three-day winning streak to end down 1.2 percent, as caution prevailed ahead of the European Union summit, where European leaders are expected to talk about rewriting European Union treaties that would help impose sanctions on fiscally irresponsible countries.

South Korea’s Kospi average slid a little over a percent, with financials taking a beating as the S&P warning before the EU summit this week added to concerns that the debt crisis is worsening. Investors also await Thursday’s rate decision, with many economists expecting the Bank of Korea to freeze the benchmark 7-day repo rate at 3.25 percent. Banker Woori Finance fell 2.4 percent, Hana Financial Group lost 2.7 percent and KB Financial closed 1.5 percent lower.

Retailer Lotte Shopping tumbled 3.4 percent as the finance ministry forecast in its monthly greenbook report on the economy that it expects the country’s department-store sales to have shrunk 1.1 percent in November from a year earlier.

KT Corp posted a modest 0.1 percent loss after the mobile operator said it bought an unlisted local video search technology company for KRW45 billion. Shares of rival SK Telecom ended down 0.3 percent. Steelmaker POSCO slipped 0.6 percent after Fitch Ratings lowered the company’s outlook to ‘negative’ from ‘stable’. Hyundai Engineering rose 0.4 percent after the company secured a $300 million contr4act to build an irrigation facility in Malawi.

South Korea’s gross domestic product climbed 0.8 percent in the third quarter of 2011 compared to the previous three months, the Bank of Korea said in a final reading on Tuesday. That was a slight improvement over the preliminary reading from October 27 that showed an increase of 0.7 percent.

New Zealand shares fell modestly, with the benchmark NZX-50 easing 0.3 percent on worries about potential downgrading of European debt. Rakon, the maker of crystal oscillators used in electronics, slumped 6 percent to a record low, while children’s clothing chain Pumpkin Patch tumbled 4.8 percent, tapware manufacturer Methven declined 2.6 percent, construction firm Fletcher Building shed 0.9 percent and newly-structured phone company Telecom closed down 0.3 percent.

Contact Energy fell 1.2 percent after the utility said it has agreed to buy

the 150-MW diesel-fueled Whirinaki plant in New Zealand for $33 million from the government. Port of Tauranga rose 2.7 percent to a record closing high after major shipping line Maersk shifted one of its services to the company from its rival Ports of Auckland. Freightways added 1.8 percent after the courier and logistics company said it has agreed to buy a Sydney-based file manager and archive storage company for up to A$6.25 million including earn-outs.

Elsewhere, Indonesia’s Jakarta Composite index was down 0.7 percent, Malaysia’s KLSE Composite slipped 0.6 percent, Singapore’s Straits Times was declining 0.6 percent and the Taiwan Weighted lost 2 percent. The Indian market was closed on account of Muharram.

Commodities retreated and the euro fell against the dollar as investors waited to see if European leaders will reveal a plan to solve the region’s debt crisis at the upcoming two-day summit.

U.S. stocks ended mostly higher on Monday, despite giving up some early gains. While falling yields on benchmark 10-year Italian bonds to a four-week low and remarks from German Chancellor Angela Merkel and French President Nicolas Sarkozy calling for a new European Union treaty contributed to the early strength, the pullback reflected concerns about the outlook for European credit ratings. The Dow ended rose 0.7 percent, the Nasdaq gained 1.1 percent and the S&P 500 added a percent.

For comments and feedback: contact editorial@rttnews.com

Dubai’s DFM General Index (DFMGI) decreased 1.2 percent, the most since Nov. 1, to 1,382.92 at the 2 p.m. close in the emirate. Saudi Arabia’s Tadawul All Share Index (SASEIDX) fell 0.2 percent and Abu Dhabi’s ADX General Index (ADSMI) declined 0.8 percent.

The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.

Hits Telecom Holding Co. (HITSTELE KK) surged to the highest since June 1, rising 3.6 percent to 58 fils. The Kuwait- based telecommunications services provider agreed to a 158.8 million dirhams ($43 million) loan from Swiss-based Global Emerging Markets Ltd.

Abu Dhabi National Energy Co. (TAQA) advanced the most since Nov. 16, gaining 0.8 percent to 1.21 dirhams. The company known as Taqa cut the yield it paid to raise $1.5 billion in bonds, signaling higher investor demand for debt from the state- run utility.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

The second daily chart cycle low is in place. There are four more swings due in the new daily upswing and the first cycle high of the new upswing looks to be in as well. I expect the trend up to last until the end of October or the first week in November.

I’m watching UAL carefully. Its trend should be down until the first week in November, assuming the daily cycle turns are distributed evenly. The second cycle point, a high, is in place and four of five intraday points are in.

The SPY has completed its last intraday swing down and appears to be starting its next swing up. An 11AM close above $120.61 will confirm this, and a move below $119.20 would delay confirmation.

By JEFF SOMMER, New York Times
Published: October 8, 2011

LET’S face it: economic forecasting is an act of sheer hubris. Which, of course, only incites people to do it.

The following is an excerpt from George Angell’s New Market Strategies How to Trade with Pinpoint Accuracy: http://www.tradewins.com/Newsletter/101211_RevTrade.html

Let me say at the outset that the reversal trade is strictly for aggressive traders. Since we already know that not every signal will generate profits 100% of the time, it stands to reason that reversing direction in the market might prove profitable. Well, yes and no. For one, not all failed trades mean the market is destined to reverse and run in the opposite direction. The market may just want to meander for a while. In this case, reversing may not help you. For another, one failure swing, especially close to the open, may indeed mean the market is ready to run – this time in the opposite direction. Rarely does a market open and die, although even this occurs at times.

Having given the caveats, we can now say the reversal trade can be a big money-maker. This is especially true for the aggressive trader who is ready to double his size when reversing. Here are a few good rules:

• You must reverse on a market order – not a limit order
• You must reverse without hesitation
• You must not let previous losses influence your ability to reverse
• You must watch the market closely
• You must strive to identify a non-trending market prior to reversing
• You may want to double your size on a reversal
•You should not reverse on every losing trade

Most new traders have a misconception about how prices are determined. They often believe that because a price appears on a video screen that they are entitled to that price. This is hardly true. If you are a buyer, you are only entitled to a price at which the seller agrees to sell you; the reverse is true for sellers.

This point is important because it demonstrates why you must use market orders when reversing. The market simply won’t provide you with the luxury of a good fill. And if you hold out for one, chances are you will miss the move. Indeed, there is a paradox at work here when it comes to fills. A “good” fill usually means you are on the wrong side of the market whereas a “bad” fill suggests the very opposite – you are probably right.

The one situation where reversing can prove disastrous is when the market begins to gyrate wildly. I call this the “search and destroy” day when just about everyone gets killed. On average, this chaotic day occurs about once a month. This day must be avoided at all costs because jumping from side-to-side will simply dig you in deeper. Unfortunately, there is no easy way to identify a non-trending day in advance. You must remember that certain days are simply not meant to be traded. The range may be too small, the participation too light, or the trend, as in the search-and-destroy day, too uncertain.

A corollary of this rule is that you must act quickly. There are times when you’ll want to wait perhaps five minutes before placing the new entry, but most reversals should be accomplished in less than three minutes – at times you will want to reverse in seconds. The reason is that when the reversal trade is called for, the market is already running. Depending on the characteristics of the market on the day you are trading, even a few minutes can seem like a lifetime.

Knowing you should reverse and doing it are two different ideas. After all, you have just taken a loss when you reverse, and you may indeed be setting yourself up for more losses. This is an emotional situation. But if you are to trade like a professional, you must be able to quickly extricate yourself from a difficult situation and try to take corrective action. The tendency is to want to “watch” the market a bit after taking a loss. This is a mistake. The reason is simple. If the market soars out of sight when you are waiting to get up the courage to take the trade, you have missed the move! Chances are, it is not coming back. The mental ability to risk throwing good money after bad will stand you in good stead.

Successful trading involves overcoming your own personal shortcomings – not beating the market. Winning traders know what they must do to win. Having control over their emotions and taking intelligent risks is the key to winning.

Since the reversal trade is, in part, an attempt to undo the damage created by the first losing entry, you must monitor the trade closely. You are striving to accomplish two goals at once. One, you are trying to win back the money you just lost. Two, you are trying to capture the short-term trend and earn a profit. As with any trade, you must be waiting to grab the profit that the market gives – not the one you want or feel entitled to.

10/10/11: Yesterday I shorted UAL. Expected time frame for this trade is two weeks. At the close yesterday it was down 4.3%. Pre-market indications are for a lower opening. Both medium and short term trends are down.

UAL Weekly Outlook: Down. The first high in the weekly cycle is in place, and the next low is expected at the end of October. Caveat: An extra turning point can be added to the start of the cycle. It’s not common, but it does happen.

UAL Daily Outlook: Down. The 6th daily cycle point, a high, is due today or tomorrow. Both daily trend indicators are pointing down, and there is strong divergence between price action and the indicators.

The 7th daily cycle low is expected at the same time as the 2nd weekly cycle low in the third week of October. This doesn’t mean the current downtrend, which has been in effect since the beginning of June, will end, but it could be a good place to take profits and look for signs of another trade opportunity.

UAL Weekly Outlook: Down. The first high in the weekly cycle is in place, and the next low is expected at the end of October. Caveat: An extra turning point can be added to the start of the cycle. It’s not common, but it does happen.

UAL Daily Outlook: Up. The 5th daily cycle point, a low, is in place and the market should move up until early next week. As the 6th point begins to form I will consider going short.

GDX Weekly Outlook: Turning. The weekly cycle low is in place, and the upswing should last until the end of this month.

GDX Daily Outlook: Up. The daily GDX low is in and the upswing, already begun, should last until the middle of next week. After entering Sprint and Bank of America early I think I’ll wait for the next daily cycle low to consider going long. (S & BAC are now turning up, so getting in early may not be fatal, just painful.)

See this link for my earlier post on GDX.

AIG weekly cycle outlook: Turning. A weekly cycle low is due now, and is being confirmed by price action, but the monthly trend is still down. If the low is confirmed the subsequent upswing is only expected to last until the end of October.

AIG daily cycle outlook: Down. The daily cycle low isn’t due for a few days, so AIG could still run lower. Price indicators are not signaling a turn yet, which tells me that the weekly low may not be in place until the next cycle low occurs, and that’s not expected to happen until the end of October.

GDX Weekly Outlook: Turning. The weekly GDX is putting in its cycle low now. At this point in the cycle the swings don’t last very long. Once the low is in place the uptrend is expected to last about three weeks. See the daily outlook below for more accurate trend change estimates.

GDX Daily Outlook: Turning. The daily GDX low is expected at the end of this week. The next low is due in the 3rd week of October. The weekly cycle low is likely to be made this week, and the end of the weekly uptrend is expected to coincide with the high due in the last week of October.

This chart details all aspects of a recent trade in FFIV.

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09/28/11: SPY is forming the first cycle low of today. It should begin making an upswing that lasts until after lunch. If the support at $116.72 doesn’t hold then the midday high has been subsumed by the downtrend and the SPY will trade lower all day.

09/28/11: Apple’s weekly trading cycle is making a high now. The next low should be mid-late October. There are several turns in this part of the cycle so the swings tend to be short. AAPL’S daily cycle is down, with the next low expected in the first week of October, and the second low expected in the first week of November.

The end of the current weekly downtrend has to be one of the two upcoming daily lows.

The UAL daily cycle high and the weekly cycle high are in place and I am short UAL. I am expecting this trade to last about one week. The weekly cycle high is being made now, and this is the beginning of the cycle. That’s the only point where the cycle can invert. It’s also the point in the cycle that tends to have the bigger moves, so more risk, more reward.

I closed out INTU and ORCL last week. INTU gave a 22% profit, and ORCL a 29% profit. Each trade lasted two days.

Bank of America (BAC) ihas put in its  daily cycle low right on schedule. The weekly cycle low is forming now and I am long BAC..

AIG is in a weekly downtrend expected to last until early October. The daily cycle is indicating a low early next week. The weekly low has to be made when one of the next daily lows is made, so I expect a trend change to the upside in both the daily and weekly trends early next week, and if that fails it won’t turn until the last week of October.

Bank of America’s cycle is due for a weekly low at the end of September. Unlike Sprint, which also is expecting a cycle low, there is no chance of the cycle inverting. BAC’s cycle is entering a volatile period, with a number of short weekly trends. Assuming the next low is made when expected, I am looking for the next cycle high at the end of October. Not a big trend, but enough to take some money out of the market.

Here’s where it gets tricky — isn’t there always some trickiness involved? BAC is approaching a daily cycle low due at the end of this week. The weekly cycle low has to be one of the daily cycle lows, correct? (The smaller trends fit inside the larger trends.) So the end of the weekly downtrend could be this week (as expected), or in the middle of October (late). If the weekly low is made this week then the uptrend scenario is attractive. If the weekly downtrend blows through the daily low then I stay on the sidelines.

Sprint’s weekly trend is down until the next cycle low, expected inearly October, and that’s weighing on the daily trend. Since the weekly cycle ends at the next low there is the possibility of the addition of an extra turn into the cycle. If that happens the weekly downtrend could last for another month. I am looking to buy Sprint but not until the weekly trend bottoms out.

My ORCL puts are down 9%, which ain’t bad considering the gap up we saw yesterday. Today’s trading should be choppy with as many as four swings. The first should be up until late morning, then down, back up towards the end of trading and if the market is really weak we could see a fourth swing down. Buckle up!

My INTU puts are up 13% as of yesterday’s close and it looks like it will open lower this morning. I think this trade will be short (NPI), since the next low on the daily cycle is due next week. The next weekly low is due then as well, so I’ll be protecting profits all the way down and looking for a good exit point.

As I said earlier, the SPY weekly trend is down until the end of October. We’ve been seeing an upward counter-trend on the daily chart, but since the weekly trend is lower the daily has been choppy at best. Cycle timing had indicated a reversal high in a few days but it looks like that has has been made early. Early turns indicate a strong trend overwhelming a weaker trend, in this case the weekly downtrend stopping the daily uptrend.We could still see another spike up in the next four days, but the end is near.

AIG’s daily trend is down, with the next cycle low due at the beginning of next week. This low should coincide with the expected weekly low (see below).

AIG’s weekly trend is down, with the next cycle low due at the end of September. My trade indicators are forming a new entry signal and that supports the cycle.

INTU’s current 60-minute cycle low is forming now, and it should move upward until late afternoon.

INTU’s daily cycle is forming a top, right on time, and I expect INTU to move lower until the end of this month.

INTU’s weekly cycle is also forming a top, a bit later than expected. That swing is also expected to last until the end of September.

Since both the daily and weekly cycles are pointing down I have INTU January $52.50 puts, but because both daily and weekly swings are due to end at the same time I am looking for a quick exit and profit.

09/21/11: SPY’s 60- minute cycle begins mid-morning today, and the support at $119.39 appears to be holding, sort of. But this is the one place in the cycle where the expected order of highs and lows can invert, so we could see the SPY trade down until mid-afternoon.

I expect an end to the current swing up at the end of this week or the beginning of next week. But the sideways price action for the last two days has me a bit jumpy, so I am watching UAL closely. There should be a midday peak today, and then a slide down into the end of trading.

At the moment UAL has broken above resistance at $20.73 and is trending up. It’s also beginning to form a new buy indicator on the 60-minute chart. That’s reassuring, but if it stops behaving like the uptrend is still viable, or the buy signal fails I will pull the plug.

I entered AMGN on September 12th at 54.05, and exited this morning at $56.31.

BAC is approaching a daily cycle low, expected early next week. Once that is in place the next high is due around the 10th of October. It is too early to enter BAC now, unless you really think it’s better to be in early than late. I prefer to enter on these cycle lows.

BAC’s weekly  next cycle low is due at the end of September, and that lines up very nicely with the expected daily. Assuming the cycles unfold properly I will enter BAC at that time.

SPY’s 60-minute cycle indicates a low early in the day, a move up into midday and then a swing down into the close. Support is $119.39, slightly below the current pre-market level.

AMGN’s 60-minute cycle is predicting three intra-day swings, with a lower open leading to a move down until mid-morning, a higher midday turn and then a lower close today or early tomorrow. Tuesday should see a swing higher for most of the trading day.

AMGN’s daily cycle is showing two possible end points to the current upswing, depending on whether the current move is a single swing or a double swing. If a single swing then the expected end is Tuesday. If it proves to be a double swing, which it resembles, the move should go until September 30th. What concerns me is that the expected end of the current weekly swing was last week. It’s not unusual for a weekly turn to come in late in a strong, but caution makes me consider protecting my AMGN profits.

UAL 60-minute cycle: I’m expecting  a lower opening this morning, with a midday low and then a move up until the end of trading today. The next two days will have some volatility, with 5-6 swings in the 60-minute cycle. Nearby support levels are $20.39, $20.06, and $19.73. Pre-market trading just above $20.026 as 09:08 AM.

UAL Daily Cycle: The end of the current daily swing is expected at the end of this week or the early part of next week. The daily upswing should keep any losses on the 60-minute chart to a minimum. Nearby daily support is at $19.95 and resistance is $20.62.

RL is a great money-maker for options traders. With frequent moves in the stock of 50% or more, options traders can make a bundle. The current swing started on August 8th, with a low of $105.11. Yesterday, September 16th, RL hit a high of $148.54, a 41% increase.

RL’s weekly trend is up, but the cycle is indicating an expected top now.This part of the cycle is extremely volatile, with a cycle low expected in early October and a new cycle high around the end of October. This volatility will continue into early 2012. Opportunities for the quick and nimble.

RL’s daily trend is also up, with a cycle high expected today. The next cycle low is due at the end of this month. Since the daily cycle points are due at the same times as the weekly, it is possible that the next down swing will be big. Traders should protect their RL profits, and look to re-enter RL in a few weeks.

Sprint’s 60-minute trend is down, but bottoming out and turning back up at the 2nd cycle point, a low. The 3rd cycle point, a high, is after 1PM, and the 4th is due early tomorrow.

Sprint’s daily trend is up, but still meandering sideways. A close above $3.50 today would give a confirmed entry point. The expected end to this upswing is in the last week of September.

Sprint’s weekly trend is up, but the end of that upswing is due now. Since the daily swing should last until the end of the month, the end of the weekly upswing will coincide with the end of the daily swing. I do not have a position in Sprint, yet. The next weekly cycle low due mid-October, and that might be the better time to buy Sprint. The next low is also at the end of the cycle and it is at the end and beginning of cycles that large swings tend to occur.

AMGN’s 60-minute trend is down, but this part of the cycle is the only one in which an additional turn can be take place. It’s rare, but if that happens then the 60-minute uptrend would be expected to run until the end of today. If the cycle does not add an extra turn the the trend should remain down until the end of today’s trading. EDIT: In the short time since I began this post AMGN has shot up, fallen back, and is now moving higher. This behavior indicates the possibility of an extra cycle point. This is not confirmed yet, and I will monitor and advise on it as the situation becomes clear. At the moment AMGN is making new highs for the day.

AMGN’s daily trend is up. As with UAL, both of my non-correlated timing models indicate an end to the daily trend eight trading days from now. The entry for this swing was at $51.40 on August 15th. Assuming a call option with a price of $400 and a minimum delta of 0.6, the profit as of this writing would be over 60%.

AMGN’s weekly trend is up. BUT a weekly cycle high is due now. This part of the weekly cycle is volatile, with the next weekly cycle low due two weeks after the current cycle high is made. Since the daily trend is strong, and the next daily cycle high is due after September 26th, the weekly uptrend should last until then. I will probably close out my position then, and reenter at the next weekly cycle low.

UAL’s weekly trend is up, with a cycle high expected near the end of September. But this part of the cycle is the only one in which an additional turn can be inserted. If that happens then the weekly uptrend would be expected to run until the end of November.

UAL’s daily trend is also up, with a trend change near the end of September. Both timing models are indicating a trend change on September 23rd.

UAL’s 60-minute trend is down, with an upturn expected mid-afternoon. For day traders, the entry on this swing was 17.96, in the last hour of trading September 12th, at the 2nd turn of the 60-minute cycle. Each call purchased, assuming a minimum delta of 0.6, would have increased in value by approximately $130. My position is up over 30% as of this morning. It should be worth more by the end of trading today.

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It appears that the SPY Weekly Trend is making the 2nd cycle point, a bottom, now. The 3rd cycle point is expected around the beginning of October, the 4th near the beginning of November.

In other words, we should see some choppy, short swings.

60-minute swings: Yesterday, the SPY’s 1st cycle point was made right when expected, but the 2nd point came in early and was barely visible which indicates a strong trend.

This morning the expected cycle top is due in the first two hours of trading, and it appears to be forming now. The 4th point, a cycle bottom, is due midday and the 5th point is due at the end of trading or early tomorrow.

In the daily SPY cycle, the starting point of the cycle has been made, with the 2nd point expected around the first of September.

The 60-minute cycle tops for UAL, AMGN, MTG & MU are in place. AMGN, MTG and MU should make midday reversals, while UAL’s next cycle bottom should be made earlier.

60-minute trends are sometimes subsumed by a strong daily trend. Sometimes the 60-minute cycle points disappear or are so muted that they couldn’t be found if I didn’t know where to look. But this doesn’t happen too often, and certainly isn’t happening with the current tops.

UAL is making the expected early-morning high cycle point now on the 60-minute chart. The next expected cycle point — a bottom — should happen quickly. The next point is also the end of the cycle and the big moves often happen at the end of the cycle or the beginning. It’s also where the cycle can reverse itself, so this time has both the greatest potential risk and reward.

As I have been writing this UAL moved down enough to confirm the 8th cycle point. Even though my UAL position has lost value this morning it’s comforting to know it will reverse soon.

On the daily chart, UAL is confirming the first point — a bottom — in its cycle. The 2nd point is expected around the first of September, and the 3rd in the second week of September. But since the end of the weekly cycle is being made now, and the 1st point isn’t expected until the beginning of October, and the next weekly cycle top has to coincide with a daily cycle top I can project the likely weekly cycle top for for the second week of October. If it comes in early, which indicates a strong downward cycle, then it would coincide with the daily cycle top expected around the third week of September.

On the 60-minute chart MU should make an early high, move down into the midday and then move back up into the end of trading.

MU is at a bottom, and the start of its daily cycle, which is where the big moves happen often. The upswing forming now is expected to last until the first week of September.

60-minute trend: MTG should make an early morning high — it’s up nice so far — move down into the middle of trading and then finish the day with another high.

The daily trend is technically down, but MTG is at the the expected bottom cycle point, also the start of the cycle which is often where the big moves take place.

60-minute chart: I expect AMGN to make a high early in today’s trading and then move down for most of the day.

The daily trend is up, with a top expected at the end of the month.

60-minute: MU has made the first of the three pivot points expected for today, and appears to be forming the second pivot, a low. The third pivot, a high, should be in place by the end of today, but a strong swing up could push it into tomorrow.

Today’s cycle pattern usually brings 4 swings between the open and close. Since the the current bid/ask is quite a bit higher than Friday’s close the downswings could be muted, or nearly invisible, if the day’s uptrend is strong.

The daily trend is expected to rise into the end of the month or the first week in September.

Analyst Actions: Webster Financial Upgraded to Buy from Hold at Stifel Nicolaus

Mon Aug 22 07:47:20 CDT 2011
8:47 AM EDT, 08/22/2011 (MidnightTrader) — Webster Financial (WBS) is reportedly upgraded to Buy from Hold at Stifel Nicolaus. Price target is $21. Price: 15.33, Change: 0, Percent Change: 0

My opinion: Although it is certainly forming a buy pattern I would not buy Webster yet, unless your trading philosophy is better in early than late. I’ve done that before and felt the pain.

Analyst Actions: United Bankshares Upgraded to Buy from Hold at Stifel Nicolaus
Mon Aug 22 07:47:52 CDT 2011 (MTrader)

08:47 AM EDT, 08/22/2011 (MidnightTrader) — United Bankshares (UBSI) is reportedly upgraded to Buy from Hold at Stifel Nicolaus. Price target is $22. Price: 19.64, Change: 0, Percent Change: 0

My opinion: UBSI is in the same stage of the buy pattern formation but the most recent leg went down farther than WBS, similar to Micron (MU).

Analyst Actions: Trustco Bank Upgraded to Buy from Hold at Stifel Nicolaus
Mon Aug 22 07:48:11 CDT 2011 (MTrader)
08:48 AM EDT, 08/22/2011 (MidnightTrader) — Trustco Bank (TRST) is reportedly upgraded to Buy from Hold at Stifel Nicolaus. Price target is $5.50. Price: 3.95, Change: 0, Percent Change: 0

My opinion: Buying these stocks stocks right now has more risk than waiting for the pattern to play out a bit more. Yes, stocks can take off from here but my analysis indicates that only happens one out of four times, whereas the full pattern can take quite a while to give a confirmation. Given the current state of the market I think it’s wiser to wait on these.

Since the expected openings of UAL, MU, MTG, SPY and AMGN are all pointing down it is likely that the 60-minute cycle highs were made yesterday afternoon. In a strong — meaning a strong trend, not necessarily an upward trend — cycle highs or lows can be hard to find. The only thing to do is look ahead to the next expected turn, as the cycle always returns to the norm.

In a normal market — “normal” meaning less panic-driven — I would expect a cycle high early this morning and then a move down into early trading Friday morning.  But since the SPY is down about 2.5% in early trading this morning it looks like Wednesday’s close, which was slightly higher than the midday cycle low, will be the morning’s high.

The GDX (Goldminers) ETF is currently in a weekly uptrend. It’s next cycle high is due at the end of this month, but continued market fears could extend it. Look for two highs and two lows in the next three months. Traders can make money on these swings but need to be nimble and know when the daily cycle highs and lows are due in order to avoid getting caught on the wrong side.

As in the weekly cycle, the daily cycle is expected to make two highs and two lows in the next four weeks. One or the other should coincide with the end of the weekly cycle — smaller cycles within larger. If the daily highs are made when expected the the end of the weekly uptrend would be made either be this week (early) or in the first week of September (on time).  If fear does keep the GDX uptrend strong then the third cycle high is expected around the 3rd week in September.

This particular cycle is prone to numerous swings, so trends tend to be short-lived.

Like MU, UAL, and MTG, AMGN is in an uptrend with a cycle high expected near the end of August, or the first week in September. Also like the other three stocks I am covering, this is the only part of AMGN’s cycle that invert highs and lows, but those inversions are rare, and this is where the cycle often makes its largest moves/

I expect the 60-minute cycle to top mid-morning and move down into the end of trading today. Given the weakness in the index futures this morning the expected cycle high could come early.

AMGN’s weekly cycle is making a low right on schedule, with the next cycle high due near the end of August, a very short weekly move. Notice that both the daily and weekly uptrends forming now are expected to finish at the end of August, so the reversals could be sharp. Be prepared.

MTG’s daily cycle low is in place, and it should begin moving up with an expected cycle high in the last week of August, similar to UAL and MU. So far, MTG’s movement has been sideways, and now is the only time in its daily cycle where it can invert, reversing highs and lows.

On the 60-minute chart, a high is due early in trading this morning and the I expect to see it move downward into the end of trading.

Last month’s section of the UAL daily cycle was expected to be choppy, with 2 highs and three lows. United Continental has formed its cycle base is now moving upward. The expected end of this upward move should be around the end of August, although this period is the only one where the cycle can invert, so caution is advised.

On the 60-minute chart, I expect a high in early trading and then a move down into the end of trading.

Micron Technology has made its current daily cycle low and is now moving up to its next cycle high, which should be in place by the last week in August.

The MU weekly trend is still down, but it is forming a bottom as well.

For today’s action I expect to see the 60-minute trend make a mid-morning high  and then move down into the afternoon.

UAL gave a confirmed 60-minute trade signal on August 11, entry at $17.49. It is up nicely since then.

On the daily chart, a close above $17.80 will be the final trade confirmation needed. At the moment the price is well above this, but I am looking for a mid-day drop in price (perhaps starting at the moment?).

MTG is moving towards a trend change, but in a frustratingly slow manner. To make things a bit more depressing, I expect the coming change to be short-lived, although there is a chance that it will move up, reverse and then reverse upward again. If that’s the case then the three swings as a whole would end around sometime in the first week of September. Of course, that’s if the cycle plays out well. Anything can happen.

I expect to see a choppy market for the next few days on the daily chart. I’d say there’s a 75% chance that once the ankle-slapping is done with there would be a clean move up that lasts into the first week of September. The maximum length of this move would be the middle of next month.

AMGN has been at this point in its cycle three other times in the last year. The smallest percentage gain was +6%; the other two times were +13% and 16% respectively, so this trade has produced good gains this year.

I do not see a confirmed trade entry yet, so just keep this on your watch list for now.

It’s early so don’t jump on it too soon.

Twitter Comments

	midcaptrader MU daily starting to form a base pattern http://wall-street-stocks.com/tgm (via @midcaptrader)
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It’s a go on the short-term chart, which is the riskier trade. But the daily chart formation is setting up nicely, and it’s always a good sign for multiple time frames to be forming patterns at the same time.

Twitter Comments

	midcaptrader AMGN a buy on 60-minute chart, tight stop http://wall-street-stocks.com/tnf (via @midcaptrader)
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ALU is a bit farther along than ADBE, and still premature. Hang on, I’ll post more as it unfolds.

Twitter Comments

	midcaptrader ALU starting to turn up http://wall-street-stocks.com/ijc (via @midcaptrader)
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This is usually my favorite time, watching stocks start to turn, but this time there are so many of them that it’s a bit intimidating. I’ll try to make it through…

I’m watching ADBE closely. It made a new low today, and is down more than 20% in 14 days. It’s NOT ready to trade yet, but it’s gearing up.

Twitter Comments

	midcaptrader Lots of stocks getting ready to turn up http://wall-street-stocks.com/na9 (via @midcaptrader)
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Last night Jim Cramer said that the stock market could not turn up until gold turned down. I take that to mean that stocks are getting slapped by the same emotion that is lifting gold, and in that light it makes sense. And, sadly, bullion is showing me no signs of a turn down in the next few days, which would mean that stocks must continue down in lockstep.

Royal Gold is in a downtrend that started after Newmont mining’s change downward. Anglogold is in a downtrend that started on July 19th, and Barrick’s downtrend started on July 25th. Pan American Silver began its downtrend on July 22nd and is down 23% as of this morning.

Since gold bullion made record highs yesterday and was up big again this morning, but gold and silver stocks are trending down, is the market telling us that the factor pushing gold up is fear? Can metals have a trend separate from the companies that produce it?

BUT, the S&P500 is forming a bottom now, according to my model. The same is true of the DOW, a large group of ETFs and another large group of unrelated stocks. The patterns in my model can take quite a while to complete once they start, so perhaps that’s what we’re looking at.

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	midcaptrader Gold and silver stocks http://wall-street-stocks.com/ps6 (via @midcaptrader)
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Peabody (BTU) getting crushed, down 43% from its April high at $73.74. No sign of a bottom anytime soon. Since China became a net importer of coal, and coal is their main source of energy, is this another sign of China’s economy slowing down rapidly?

Or are the technicals driving the funnymentals as I said in another post?

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	midcaptrader Another sign of China's slowdown? http://wall-street-stocks.com/4mx (via @midcaptrader)
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DECK is getting crushed. I put out an alert on July 8th advising taking some profits off the table. (This warning was scoffed at by a fellow Twitterer.) DECK started drifting sideways on the next trading day. The drift lasted until August 2nd, when it topped out at $105.83. Kudos to anyone who got out there.

Since then it is down almost 27%. My model is showing it in the beginning stages of a bottom, but it could be a while before holders of the stock can make some of their money back.

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	midcaptrader DECK down 18% from my warning http://wall-street-stocks.com/69f (via @midcaptrader)
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Doesn’t look like a change is due any time soon. Stay clear of RIMM.

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	midcaptrader RIMM back in downtrend, never confirmed uptrend http://wall-street-stocks.com/xon (via @midcaptrader)
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A large number of stocks have been forming topping patterns for quite a while now. So the brinksmanship we’ve seen in DC, with the jockeying for political advantage that goes along with it is disgusting, I think stocks unfold as Obama said. They form uptrends and downtrends and the new and fundamentals follow after. Either that or there are some really smart people running things behind the scenes.

Take Ralph Lauren, (RL). It began topping out on July 7th at $140.29. There was a higher high made on July 21st at $141.37 on wide divergence. The final high was made on July 28th at $137.73, even though the trend had turned down two days before. The same pattern appears in all the indices, and more stocks than I can track.

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	midcaptrader Obama not at fault, TParty either http://wall-street-stocks.com/mde (via @midcaptrader)
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The New York Stock Exchange and NYSE Amex Cash Markets on Monday invoked a rule to smooth trading at the market open, as futures pointed to a drop of more than 2 percent.

Rule 48 allows the exchange to suspend price indications that help determine the floor price at the open during regular sessions. Bypassing the requirement helps speed the beginning of trading.

Among the triggers for invoking the rule are “substantial activity in the futures market before the open,” according to the exchange’s website.

S&P 500 futures fell 28.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures lost 248 points and Nasdaq 100 futures dropped 48.75 points.