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ARCHIVED DISCUSSION FROM 8/17/2005 All times are U.S. Mountain Time (Yesterday's Discussion.) Goldilox (8/17/05; 21:18:23MT - usagold.com msg#: 135074) Share bopping @ Clink,"I note with a degree of resignation that the shares have been bopped especially hard just as we come up to options expiration. Same old, same old."If you're right, Friday Noon to 4PM is the time to buy them back. Most were looking pretty "toppy" in the last week.If you're also right about the shortening time frame, one of these expiry days the options writers will be burned. Most of them employ the strategy that they will be right 90% of the time and cover themselves by buying a cheap call at the next exercise point to limit their losses.As my Pappy used to say, "IF is a mighty big word for only two letters: Sundeck (8/17/05; 20:15:30MT - usagold.com msg#: 135073) Sons of Gwalia - Results of a toxic hedge-book http://www.abc.net.au/news/newsitems/200508/s1440456.htm More on this will be coming out over the next few days, including details of the toxic hedge-book that lead to SGW's demise. (Details in "Subscription Only" articles in today's Aust Fin Rev)....the results of gambles-gone-bad in the great big papery derivatives casino where (not) everyone emerges a smiling winner!:-( TownCrier (8/17/05; 19:47:18MT - usagold.com msg#: 135072) The ore, the mining, & the poor http://www.voanews.com/english/2005-08-17-voa62.cfm The majority of the world's gold comes from some of the poorest countries, but local mining communities often reap just a fraction of the riches that lie beneath their soils. Mali is no exception. The West African nation ranks near the bottom of just about every U.N. development indicator, even though its the world's ninth-largest gold producer. The southern village of Sanso struggles to capitalize on Mali's gold rush.Sanso's Mayor says the Morila mine has brought little to the village....But rural communities like Sanso are beginning to negotiate for a fairer share of the country's gold wealth and to make foreign mining companies accountable for potentially devastating, long-term health and environmental damages from their operations.The Morila gold mine also offers a cautionary tale for villages once united in poverty, and now divided by wealth....the mine has created jealousy and enormous divisions among villagers who have profited from the mine and those who have not....during an earlier power-point presentation at Morila's air-conditioned headquarters, Mr. Toure said the mine has already invested $1.2-million in a hodgepodge of development projects. Besides the schools and mosque cited by mayor Mariko, he said the money has been spent to upgrade a local health center, and build community gardens and a rice paddy.While Morila and its miners' quarters are lit up at night, Sanso, about seven-miles away, has no electricity or paved roads. And while some villagers, like Chary Mariko, 27, have found well-paying jobs at the mine, many others have not.Mr. Mariko said working in the mine is very difficult. He works a 16-hour shift and then gets two days off. He says he has not suffered any health problems mining at Morila. And his 300-dollar monthly salary represents a small fortune in Mali, where the average per-capita income is 250 dollars a year....Across the globe, communities are taking a growing interest in local gold mines. In Peru, Indonesia, Ghana, and elsewhere, they are demanding better pay and better environmental and health standards, although not always successfully.Striking miners at Morila last year got the mine to establish a $500,000 community development fund to be tapped after the mine closes in 2011.^-----(from url)----^When the mine finally reaches its point of exhaustion and closure, the local community may (or may not) have achieved an overall improvement in local wealth and infrastructure. What will investors have received by the holding of their shares? In the end all mines eventually dwindle to the exhaustion point, and as they do, share prices tend to reflect that eventuality.Choose to get your hands on their product while the getting is good. For how much longer will labor be so relatively cheap, and the supply what it is today?R. PRITCHO (8/17/05; 18:35:21MT - usagold.com msg#: 135071) Re The Markets - - - From Richard Russells Latest remarks - - http://www.dowtheoryletters.com/DTLOL.nsf Richard talking plainly again - - -Snip:My old friend, the late Elliott Janeway, one time business editor of Time magazine, once told me, "Dick, when the President is in trouble, the stock market is in trouble." Well, right now, the President is in trouble. And the trouble is finally breaking out into the open. Strangely, it's starting with a 48 year old woman name Cindy Sheehan, who's son was killed last year in Iraq.Sheehan has taken an anti-war stand just outside of Bush's Crawford Ranch. She says she'll stay there until the President meets her face to face. Since Bush has nothing to gain from meeting her, and a meeting could be a public relations disaster -- he's staying away. He's not going to be pressured by some 48-year old lady. But something has clicked. Suddenly anti-war groups are surfacing around the country. The unbelievably cowardly Democrats up to now have avoided the whole Iraq situation. When cornered, they've come up with such lame answers as -- "Now that we're there, I guess we should stay there until the war is won." But it looks increasingly as though the war is not going to be won. Meanwhile, US casualties continue to build, and the situation in Iraq continues to deteriorate. Nobody knows how many Iraqis have been killed -- estimates run upward of 25,000. On top of that, Iraqi infrastructure has fallen apart. Electricity and drinking water are available only sporadically. The Bush people's desperate answer to the gathering mess is to pressure the Iraqis to come up with a constitution, any constitution, and to build a serviceable Iraqi police force. But the Bush people are in a no-win situation. If they stay in Iraq, the odds are that they'll get nowhere except to build more casualties. If they leave, it will appear that they've lost, and Iraq will probably splinter and fall apart. Actually, if the Americans leave, it looks increasingly as though Iraq will dissolve into civil war. Worst of all for Bush, the latest polls show that only 35 percent of Americans now believe that we should never have attacked Iraq in the first place.Thus Bush's dream of being "America's War President" and of finishing what his dad failed to do -- is turning into a military and a political nightmare. Bush would have done well to study the "law of unintended consequences." PRITCHO (8/17/05; 18:30:21MT - usagold.com msg#: 135070) @Goldilox - - - - Your 051 Not a very convincing reply -- TFN Clink! (8/17/05; 18:02:55MT - usagold.com msg#: 135069) @ Topaz Thanks, Sir T ! I follow your drift, now. I had just assumed these were the resonant peaks of the pennant formation POG has been in this year, and it completely passed me by. (Come to think about it, I do seem to remember someone at the Forum mentioning this before .....(!) The connection does seem to be rather striking - I wonder why there is so much higher a correlation now than in years past.I think there is a fair chance that you will be right about the upcoming $6 days, although I would couch it more in terms of having broken out of a pennant (rather earlier than we might have expected) and are returning to the line of resistance to test it is now support. Or whatever - TA in a rigged market is more to do with the perception that the riggers want to portray. I note with a degree of resignation that the shares have been bopped especially hard just as we come up to options expiration. Same old, same old. The only consolation is that it seems to have happened much closer this month than usual. POG's strength helps, to be sure, but we can always hope ! C! spotlight (8/17/05; 16:17:35MT - usagold.com msg#: 135068) Inflation/gold Inflation surged today much more than expected, however the market told us (by dropping gold $5.50) that gold is a very bad investment against inflation. All those that believe the saying "Let the maket tell you" must now believe that gold is dead. All those that believe that the gold market is "managed" will ignore the market's message and rely on the fundamentals which no government or market "managers" can overcome with deceptive manipulations. CN. USAGOLD / Centennial Precious Metals, Inc. (8/17/05; 15:39:11MT - usagold.com msg#: 135067) A good treasure will be as vibrant tomorrow as it was yesteryear http://www.usagold.com/gold-coins.html
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