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Bill Murphy had this chart in his daily message today. It shows how the U.S. Dollar has been in a series of self-correcting oversold periods that have grown shorter each time. It’s interesting to note that the 50-Day M.A. has held almost the entire time. The dollar continues to be a key factor in most markets and nothing appears on the horizon that can change that.
Company Alert – 3:08 PM on Tuesday, November 3rd, 2009
In previous articles I have told you about the leverage that you will get from emerging producers. Gold hit an all time high today of $1089. Timmins Gold is so close to pouring gold you can taste it.
….read more HERE.
I am pleased to have been engaged by Silver Quest Resources. Silver Quest and it’s predecessors have a long history in the mining industry as one of the first junior mining companies to list on the Venture Exchange. Silver Quest is an exploration company filling a niche in British Columbia, Yukon, and Ontario by advancing and developing silver and gold resources. I like this company for three main reasons. The company’s president, Randy Turner, is committed to the success of the company, as proven by his more than 15 years of involvement in various roles. Second and third, I like the two main assets, the Capoose –Silver Trend property and the Davidson Property, both silver and gold properties with vast upside potential located in central BC.
Great Leadership
Mr. Randy Turner, the new President and CEO of Silver Quest, is a skilled and qualified professional geologist with over thirty-eight years of mineral exploration, business and financing experience to draw from. Mr. Turner has spent the majority of his career working for Canadian mineral companies. As president of Winspear Diamonds Inc., Mr. Turner guided the company from the discovery of the Snap Lake diamond deposit in northern Canada through its sale to De Beers Mining for C$305 million.
Prior to his position at Winspear, Mr. Turner was president of Trimin Resources Ltd. where he was involved in the development and sale of the McIlvenna Bay copper/zinc deposit in Saskatchewan. Mr. Turner also spent many years working on property acquisitions and joint ventures for Esso Minerals in Canada and AGIP Mining in the US and Australia. Mr. Turner’s knowledge, contacts and experience in the exploration industry are an invaluable asset to Silver Quest, and one of the reasons, I believe, that this company is truly one to watch as they have great potential knocking at their door.
BC Properties
….read more HERE.
To HERE Peter speak and others speak on Trading go HERE:
On Major Moves, Grandich has been very right and not only saved many investors fortunes, but expanded them dramatically. On November 3, 2007 at the MoneyTalks Survival Conference, Peter Grandich of the Grandich Letter warned that “an unprecedented economic tsunami will hit American beginning in 2008”. Peter advised publicly to short the US market two days from the top in October, 2007 and stayed short until the last week of October, 2008. He began to buy stocks in March 7th, 2009. He also bought oil and oil related investments near the lows after the dive from $147.
….go to visit Peter’s Website.