wz9ytp
10 years ago
Hey!!! Good morning, sir.
Cattle? Not a good time. Inventories starting to pile up, the packers we deal with in NY, Jersey and Pennsylvania are buying less and I think meat has reached the price where retail won't buy much higher. Nope..... not for me.
As far as Canadian plays..... i'm not touching anything here for now. Norwegian effect on the economy. Oil is THE MAIN driver here. Oil down, we're down. Q2 and Q3 data might be scary.
Having a hell of a good time with oil, though. I just wish I had more time.....
All the best, sir. And thank you!
Belek
10 years ago
Euro will make parity and then some with the US$,,,,,,,,,,
things are so disconnected right now, nothing works, throw all those
books out because the FED has destroyed everything we have learned,
this is the new norm, the world is in total chaos with this financial
meltdown. These so called brainiacs are experimenting with everything and anything they can throw at the markets/ hell, they don't care what happens as long as they can keep ZIRP....
God help us all when this all ends, it may be like the Atomic bomb
hitting Hiroshima............
http://oyc.yale.edu/economics/econ-252-11
Belek
10 years ago
ah yes, UWTI a good one, I keep an eye on that one also, been playing some speculative buyouts in the oil sector, so the wait continues.
AR,EPE,LPI,OAS,PE,RRC,ROSE,WLL
frankly, this whole market getting scary, I'm selling some more stock tomorrow and will concentrate on one stock only for 3 or 4 day holds,
and they must be ready to go up, Im not buying anything thats been up for
5 or 6 days, hopefully I can figure out the rotation the sectors are best to
be in, if the market goes up another two or three months, it should prove
profitable.
the Dollar I see still going to $1.40, Gold seems to be bucking the trend for now, like I say, you gotta flip in and out, there is no such things as holding today....I'll be checking in.
and yes, very familiar with the cattle and pig farming routine,,,,,long story.
cya
Jeff
Belek
10 years ago
Inside Investor with Dan Dicker
Exports Looking More Likely
How quickly has the oil market has changed? Since November of last year, oil predictions have run the gamut from complete wipeout to $20 a barrel to temporary distress and a quick V-bottom recovery to $75. As pessimistic as I've been on the length of time that depressed prices in oil will remain, I've been equally skeptical both of big up and downslides from current prices. I cautioned that oil wouldn't see $60 a barrel as prices drove into the mid-$50's and I'm again warning that oil will never see the $25-30 dollar disaster price that many are predicting now.
But what will stop a slide that now seems inevitable? With oil stockpiles continuing to build steadily, and with predictions that virtually every drop of storage will be gone by May, what can possibly stop a slide into the 30's or even the 20's? There are a few truly unprecedented 'relief valves' for oil and while they are unlikely, it's time to consider their possibility – both a dispensation for crude export by the US Commerce Department or a proactive export of barrels by oil producers themselves, even without government approval.
What happens when storage actually does run out? This is a question that I have been asked repeatedly recently and since it is entirely without precedent, I'm not wholly sure. But I do have some ideas.
I imagine that many conversations are already taking place in Washington between oil's lobbyists and the Obama administration about a temporary halt to the US crude oil export ban. There are plenty of ways to loosen the reins on export without completely opening up the floodgates. There could be a 6-month permit of a percentage of domestic production for each producer who requests it – still leaving pressure on the E+P's to cut production eventually but releasing some of the surplus that has virtually nowhere else to go.
In fact, it wouldn't take much export to relieve the storage issue, as an instantaneous arbitrage against euro grades of crude and a deep carry trade opportunity would emerge. It won't immediately solve the problem of domestic oil companies that refuse to curtail production, but it would buy quite a bit more time for them all.
Another idea is for oil companies to export crude even if they can't get approval from the US government. Don't laugh at this idea, as it isn't really unprecedented – BHP Billiton (BHP) has been doing it quietly for months already. Remember the exemption that Pioneer Natural Resources (PXD) received to export condensate, an only marginally processed crude oil? Since then, many other oil companies have been lobbying for similar licenses with little success. But BHP Billiton decided not to wait for the government go-ahead. They 'self-designated' some of their processed crude barrels as condensate and began exporting them, daring the US government to cite them and make them stop.
That hasn't happened yet.
With their backs to the wall, I can see several other oil companies also quietly 'self-designating' barrels as condensate, filling tankers and shipping them offshore – probably right to the Chinese, who are always ready to take and store cheap barrels at the right price.
How does this idea impact investment in the oil space? I've been trying to give the sense to readers that value exists in the sector, provided you're willing to slowly develop positions for the next two years and not expect any kind of turnaround from oil in the next several months. Just as your excitement shouldn't be piqued by a Fed-inspired oil rally as we saw on Wednesday, so too you shouldn't fear a crazy $20 Citibank call on oil.
We simply won't get there.
Oil & Energy insider Premium edition
Friday March 20,2015
Belek
10 years ago
yep, be patient, and I'll come up with something, just read an article
in the Financial Times, When investing is all about second guessing the Federal Reserve, seems like we are playing a game of Russian Roulette
here, many hedge fund managers say fundamental analysis no longer works. Investing is all about second-guessing the Federal Reserve instead.
well anyhow, the article goes on to explain all the disconnects in the
economic environment, seems like everything is so screwed up nobody
knows what is going on anymore, in the end....
And finally, if the FED continues to be the biggest reason to take risk, when the FED finally turns, what happens to all that risk>? Central Bankers are meant to encourage financial stability not to be cheerleaders for inflated asset prices.
the best kind of roller is one that is week up week down, saves trading
expenses, I had seen a few but lost track.
The bay was nice yesterday, 55 degrees and sunny, had the sand bar
all to ourselves, you could tell spring was in the air. Temperatures keep
in the 55 range and the fishing bite will come on strong.
more later, have a bunch to do, keep checking in, I'll be busy scanning
and planning, won't concentrate on the market so much but finding that
one stock,
have a nice day
Jeff
Belek
10 years ago
Yessir, getting ready now to head out on the bay with the grandson''
and do some clamming and oyster picking,,,,,,he loves running around on
the sand bars and in the water no matter what,,,,,,,,,getting to 51 degrees
so I gotta get outta the house before the honey do list kicks in......
later and enjoy life
Jeff
Belek
10 years ago
Yep. trying to stay focused on some new trading plans,,,,,,
listening to too many sometimes throws you out of whack and missed
opportunities.....I noticed my trading slipping so its back to do what I do
best, find good trades and do them myself.
I remember when I was younger, I always admired this one guy,
(rest his soul) he traded only one stock, it had a one point rolling
range, he bought 20k shs at $4 and sold 20k shs at $5, after awhile
he was driving in a corvette, had young girls all he wanted, built an
Octogon house on a high hill overlooking farmland, and finally bought himself a helicopter and came to work in that, he was a custom builder
back then........worked everyday of his life,,,,,back then it was so simple,
today with the algorithms attacking, its hard to find peace, I actually
believe brokerage firms are out to destroy the little guy for whatever
the agenda......
anyway, just a morning tale, I love to reminisce, it was good back then,
I even miss the days sitting in the brokers office watching the ticker tape
all day and trading off that........oh well, times change,,,,,,but is it any better? I doubt it....................
I be lurking in the background
Jeff
Belek
10 years ago
Wz9, Im posting this one here since im off topic and hopefully out of harms way,,,,,
Now here's what I mean, this guy took the words right outta my mouth....
I gotta write to this dude,,,,,,,,,,,
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
One American's Rage Spills Over: Shut Your Mouth & Start Fighting These Political Parasites
http://www.zerohedge.com/news/2015-03-13/one-americans-rage-spills-over-shut-your-mouth-start-fighting-these-political-parasi
Belek
10 years ago
yeah unemployment numbers lie,,,,,,,,,
Atlantic city loaded and I think more layoffs coming, just a hint.
whats up
http://www.nytimes.com/2014/09/06/business/august-jobs-report-released-by-labor-department.html?partner=rss&emc=rss&_r=0
Belek
10 years ago
yeah she's ok, thanks,,,,yeah I remember that debacle, the stock i got
hurt the most was in Huntsman corp. HUN but joined in a class action suit and retrieved quite a bit of funds, the Lawyer was from Philadelphia, PA.
I managed to crawl back and actually trade well over 7 figures, my tax return has become so complicated I have to hire special tax accountants.
I know a lot of people that lost lots of money during that period and many horror stories,,,,,,,,anyway,,,just keep plugging along and remember....
NEVER MARRY A STOCK
Im thinking of going 10k shares here of Geomega this week for starters
best to you
Jeff
Belek
10 years ago
As far as safe is concerned, it is starting to get worse,
my daughter works down at a local gift shoppe, the other night when she was closing she was the victim of an attempted assault and robbery
by two guys.......they threw her to the ground and tried to access the store but she screamed loud enough to thwart off the attempt, and that's outside of city limits......one of my neighbors informed us someone tried to break into her cellar the other night, and we have all kinds of junk thieves rolling through the hood lately looking for scrap..........what next, Hookers?
And the U.S. Government has the audacity to print the unemployment situation is improving? my my, such lies, if people would only wake up and fire half these politicians, we might be able to do something before its too late, or maybe that's just what we need, a full blown out war right now,,,
i rest my case,,,enjoy the day, I'm trying too.
jeff
Belek
10 years ago
two individuals work at the casino here in my neighborhood,
One works for Showboat and he has been with them a lot of years,
he worked in the IT department, so it may not be too bad for him finding
a job, but around here it is really really tough. Last semester I went to
night school at our local community college and a lot of workers were
prepping for the lay offs, but then, so is everybody else trying to get a
little more educated, I get my courses for free under a SAGES program
(Senior Adults Gaining Education and Stimulation).
Anyway, I can see this neighborhood falling downhill lately, people just
don't have the money to fix up and Spruce up like I have recently, I'm just waiting for the right opportunity to either rent this out or sell it fast,,,and move on......where? who knows.
With the winter months coming up, things are gonna look really really
bad here..........follow the yellow brick road.............cheers
Belek
10 years ago
Are Canadian markets closed also today?
yeah, 3 casino's closing up shop,,,,,gonna get real bad around here,,,,,
I'm fortunate enough not to have to worry, wife has a great job, son's is a Union electrician, and my daughter works part-time and doesn't have much expenses, me I'm just retired taking care of the estate.....I'm actually living in a small rancher with low taxes that I had bought as a flip and got stuck here when the market fell apart. have 3 houses that are in foreclosure in the neighborhood out of 15 houses.......its a small settlement....put $60k of my own money into this place and will be lucky if i get any of it back,,,,,
My greatest hope is some huge buyer comes along and takes out the whole
development for some commercial project as my property is considered
commercial along a major highway.......
cheers
jeff
,,,,,$$$$$
Belek
10 years ago
ok, keep in touch, gonna sign off for awhile, ,,,,,,,
gotta lot of honey do list to do,,,
All the Best
Jeff
Atlantic city, NJ
Belek
10 years ago
I was just going through
Stockhouse message board, man are those guys pumped over there,,
gonna have to make a commitment here come Tuesday morning,,,,,,
sounds like a pretty good find........later
New Jersey
Jeff
Belek
10 years ago
dude!! I have been digging, just not sure who is left interested here,
trying to wake up a dead board,.,.....stay tuned in then.........
Gold Discovery on Anik
Highlights of this news release:
Three (3) grab samples from a large 4 m3 toppled block grading from 3.30 g/t to 10.30 g/t Au
Six (6) blocks extracted mechanically from the underlying outcrop grading from 1.00 g/t to 8.03 g/t Au
Within an important structural zone of the Guercheville/Opawica deformation corridor
All lithologies, alterations and mineralizations showcase significant hydrothermal activity
Property 100% owned by GéoMégA (claimed in 2011 and 2013)
Montreal, August 29, 2014 - Geomega Resources Inc. ("GéoMégA" or the "Company") (TSX.V: GMA), is pleased to announce a gold discovery on its Anik property located 40 km south of Chapais, in Québec. The 2014 geological reconnaissance campaign resulted in the discovery of several economic gold grades from a 4 m3 toppled block (sub-in-place) and blocks extracted mechanically from the underlying outcrop. The extensions of this outcrop, surrounded by overburden, are open. The discovery area is located within an important structural zone of the Guercheville/Opawica deformation corridor.
"The discovery of this mineralized outcrop in a sector with high potential is very encouraging. The great width of the sericite schist, surrounding the mineralized outcrop, and the presence of significant alterations in several peripheral outcrops, suggests the presence of a hydrothermal system favorable to gold mineralization. Extensions of this mineralized outcrop are promising. Geophysics, geochemistry, mechanical stripping and channel sampling is scheduled in September to improve our understanding of the mineralized system and define the best targets for a first drilling campaign." comments Alain Cayer, Vice-President Exploration of GéoMégA.
CLICK HERE for details of the gold discovery on the Anik property (maps and pictures).
The lithologies, alterations and mineralizations found in the sector are extensive and showcase significant hydrothermal activity in this portion of the Guercheville/Opawica deformation corridor. Ultramafics, mafics, sediments units and felsic dikes are among identified lithologies. Alterations found are sericite, ankerite, silica-quartz, talc, tourmaline, fuchsite and green and black chlorite. The mineralization consists of traces to 10% disseminated pyrite or locally in veinlets and traces of chalcopyrite. Generally, they are associated with silicification and ankeritisation within a wide zone of sericite schist.
"The geological team has done an exceptional job given the limited budget available. The sector, well known for its gold deposits, is very active since last year with IAMGOLD Corporation (Monster Lake) and Vanstar Mining Resources Inc. (Nelligan). Alain, member of the team awarded the 2005 Canadian prospector of the year award for the éléonore gold discovery, will direct the first drilling campaign once the preparations are completed. A small financing is expected for the drilling campaign requirements." comments Simon Britt, President and CEO of GéoMégA.
About the Anik property
The Anik property is located 40 km south of the town of Chapais, in Québec and consists of 144 mining claims covering an area of approximately 7,382 hectares. The project benefits from a permanent access, public infrastructures and an experienced workforce in the immediate vicinity.
The sector is well known for its numerous gold ore bodies and deposits (Joe Mann Mine: 1.5 Mt at 11 g/t Au, Lac Meston deposit: 1.2 Mt at 6.25 g/t Au, Philibert deposit: 1.3 Mt at 5.32 gt Au) are all found within 7 km of the discovery outcrop.
The Company's website will be updated during the month of September.
Corporate update
A corporate update via news release is expected during the week of September 8, 2014 in preparation for the Annual General Assembly on September 17, 2014.
Claim acquisition
The Company signed on August 26, 2014 a purchase and sale agreement with an arm's length party (the "Vendor") to acquire from Vendor a 100% interest in one claim contiguous to the Anik property. In consideration for this claim, GéoMégA has agreed to pay Vendor a cash payment of $2,000 and to issue to Vendor 30,000 common shares of GéoMégA which will be subject to a hold period of four months and one day from the date of their issuance.
Closing of this acquisition remains subject to the approval of the TSX Venture Exchange.
NI 43-101 Disclosure
Alain Cayer, P. Geo., MSc., Vice-President Exploration of GéoMégA, is the Qualified Person under NI 43-101 guidelines who supervised and approved the preparation of the technical information in this news release.
All samples have been assayed at the ALS Global laboratory in Val d'Or by standard fire assay followed by atomic absorption and by gravimetry if results are greater than 0.50 ppm Au. A multi-elemental analysis by aqua-regia and spectroscopy (ICP-AES/MS) will be realized at the ALS Global laboratory in Vancouver, for each sample. Quality controls include systematic addition of blank samples and certified gold standards to each batch sample sent to laboratories.
About GéoMégA (www.geomega.ca)
GéoMégA is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Québec. GéoMégA is committed to meeting the Canadian mining industry standards and distinguishing itself with innovative engineering, stakeholders' engagement and dedication to local transformation benefits.
50,401,283 common shares of GéoMégA are currently issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Simon Britt
President and CEO
GéoMégA
(450) 465-0099
info@ressourcesgeomega.ca
Belek
10 years ago
Geomega Resources (V.GMA) up 42% on CIBC block trade
Shares of Geomega Resources Inc. (TSX: V.GMA, Stock Forum) jumped 42% Wednesday, a move that sparked plenty of chatter on Stockhouse bullboards.
In the absence of news, the consensus was that the stock was driven higher after CIBC World Markets traded a block of 60,000 shares at between 32.5 cents and 34 cents late in the session.
Geomega is a name that has frequently been featured by Stockhouse TickerTrax columnist Danny Deadlock. As noted by Danny, GeoMega is working to prove up the commercial viability of new technology for the separation of rare earths, a process that is currently dominated by China.
In addition to the technology, GeoMega is developing its 100%-owned Montviel Rare Earths elements/Niobium project in northern Quebec. The project covers 12,000 hectares and is accessible via a network of logging roads.
Trading at 34 cents, GeoMega has a market cap of $17.1 million, based on 50.4 million shares outstanding. The 52-week range is $1.06 and 7.5 cents.
Read more at http://www.stockhouse.com/news/newswire/2014/08/27/geomega-resources-(v-gma)-up-42-on-cibc-block-purchase#A2grvGQb8bXtoS8c.99
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