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The Business and Financial ForumTHIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE! Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.
Markets will get a pump from the Fed, it's election year. Jjust a matter of when they'll do it, summer months? Or Aug/Sept/Oct?
Hippie Hat on:
To me that's a bad idea. We need all the bad debt liquidated from 2008 and have the FED stop pumping money into the system and make an artificial inflation of security prices. The market should resolve itself and dictate the prices instead.
Investor Hat On:
QE3 would be perfect during the Fall. It'll counter the sell offs that will be made by fund managers (hey, they gotta show that they made money at the end of the year, right?)
Yup CLL lol.. Eric Nuttal Was on BNN last night bashing it hard, pretty much serves the company right, letting go of the CEO is the worst mistake they could have made, now it's WFC/K2's fixed income play-toy.
URRE also taking a pounding, down to .65 territory, glad I pulled the pin on that one. Ate a 4000$ loss.
NZ.. well.. down again, but what oil stock isn't? I do think that like Mr. Lowside67 has stated, there is a huge potential upside to this stock. Consider that in many parts of the world small and intermediate oil and gas companies are re-working previously producing known oilfields, some of which are in areas of geo-political concern.. and making great money. NZ operates in a largely unexplored area, although this means there is risk of finding no oil, which to date does not seem to be an issue, they also are getting a crack at virgin reserves which should yield much higher production than these previously explored fields. High netbacks being tied to Brent crude, low operating costs, just a good old fashioned conventional oil play with the potential for some very profitable offshore work as well, and in an area that is as geo-politically secure as it gets. As much as I hate to see it down 25% since I bought, it really doesn't bother me as I am comfortable holding.
AA, not doing so great either, down something like 14% from when I bought it. Getting fucked by Europe and by one of their factories being down, the local rail company workers union is pissed so train traffic is fucked, they can't ship out, nor can they receive any ore... shit's bunk.
YNG, 52 week low! YAY lol. Just a waiting game, sounds like some analysts are starting to predict a bull run on the yellow stuff again..
Mehhh, will be keeping a clost eye on FAZ, that's for sure... for some reason my trading account is fucked and Scotia says it won't be fixed until monday, so I can't buy anything till next week.
Not excited for FB IPO, I think that buying FB over Apple or Google is retarted.. my how things change fast, just over a month ago peple were talking about the potential 1 year target for Apple getting up to the 1000$ territory...
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Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
Commodities way down thanks to Europe and panic selling is widespread. It does feel like a replay of May 2010.
Gold is up 2.4% I have been hoping investors will be buying gold as rumors/news spread about liquidity being pumped into the market. Hoping for a rebound on YNG
In on FAZ today again at $27. Will see if there is another final hour run up again.
Commodities way down thanks to Europe and panic selling is widespread. It does feel like a replay of May 2010.
Gold is up 2.4% I have been hoping investors will be buying gold as rumors/news spread about liquidity being pumped into the market. Hoping for a rebound on YNG
In on FAZ today again at $27. Will see if there is another final hour run up again.
yeah WTF...I bought gold stocks earlier this year, thinking more economic bad news would make investors flee to gold as safe haven. My gold stocks are down 20% for the year already
yeah WTF...I bought gold stocks earlier this year, thinking more economic bad news would make investors flee to gold as safe haven. My gold stocks are down 20% for the year already
Well, not saying that "you" think this way, but some people think gold is a hedge against economic troubles.
In reality gold is a hedge against the USD, more so than a hedge against a general economic downturn.
Got my trading account working again
Edit: TIME TO LOSE SOME MORE MONEY!!!!
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Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
Last edited by jasonturbo; 05-17-2012 at 01:31 PM.
Damn, if I held on the AAPL 565 puts that I sold yesterday, I would have made an extra 30%. Fuck. However, AAPL already hit 545 yesterday which was my exit price. Stupid non emotional trade. LOLz. Where's my greediness when I needed it ? hahahaha.
Commodities way down thanks to Europe and panic selling is widespread. It does feel like a replay of May 2010.
Gold is up 2.4% I have been hoping investors will be buying gold as rumors/news spread about liquidity being pumped into the market. Hoping for a rebound on YNG
In on FAZ today again at $27. Will see if there is another final hour run up again.
The difference is, in May 2010, they alleviated the Greece problem by giving bailouts. I don't know if bailouts will help this time. Unless they null the elections in France and all of southern European citizens accepts austerity wholeheartedly, damn, I can't even predict what will happen next. My RS Investestor Brethens, what do you guys think ?
I believe in 2012...with Greece like this...Obama is going to help save Europe by introducing the Bernanke Plan. Some analysts would compare this to the old Marshall plan after WWII. The Bernanke Plan would provide stability in the Euro Zone. Lol
Trading starts on the Nasdaq tomorrow, under the ticker symbol "FB."
Who is buying?
I'm in for shits and giggles
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
Vancouver, BC -- May 17, 2012 -- Yukon-Nevada Gold Corp. (TSX: YNG) (Frankfurt Xetra Exchange: NG6) (the "Company") announces that, further to its news release dated May 14, 2012, the Company has completed a non-brokered private placement of 39.1 million units (the "Units") at a price of $0.23 per Unit for total proceeds of $9.0 Million.
Each Unit consists of one common share (a "Share") and one share purchase warrant (the "Warrant"). The Warrant can be exercised to purchase one additional common share (a "Warrant Share") at a price of $0.40 per share within 36 months of closing of the private placement. If the closing price of the Company's shares is at or above $0.75 per share for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants on giving 30 days' written notice to the Warrant holders.
In accordance with securities legislation currently in effect, the Shares, the Warrants and the Warrant Shares will be subject to a "hold period" of four months plus one day from the date of issuance of the aforesaid securities.
The proceeds of the private placement transaction will be used at Jerritt Canyon Mine for general working capital purposes.
The Company is also pleased to announce that, subject to acceptance by the TSX, it has negotiated the settlement of $6.9 million in current accounts payable by the issuance of 22.8 million shares at a deemed price of $0.30 per share.
Robert Baldock, the President and Chief Executive Officer of the Company, states: "We are pleased to have completed two equity transactions in an aggregate amount of $15.9 million in a very challenging equity market environment. The executive management of the company participated in the private placement in the aggregate amount of $375,000, demonstrating our high level of confidence that Jerritt Canyon is achieving what the Company set out to accomplish."
Yukon-Nevada Gold Corp. is a North American gold producer in the business of discovering, developing and operating gold deposits. The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target. Continued growth will occur by increasing or initiating production from the Company's existing properties.
Well... I'm not a fan of dillution, but at least they are taking the steps needed to get the mill making money... time will tell. Would be pretty nice if these assholes can get back to 300koz/year lol...
Supposed to be green today according to the futures.. don't believe the hype lol I bet we close down before the long weekend.
EDIT: A video to make you feel better about holding YNG lol.
TVIX is winning hard for me, thank you Carl Johnson!!!!!
On the subject of my private placement investent with shiftplanning.com, good news from them today, as of June 5th a major local clothing company will be using shiftplanning for all of their 100+ retail locations. It would probably be in bad taste to say the name, but let's just say they make special pants, pants that make fat girls look like they have tight asses.
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Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
Yes TVIX 52 week range was the main reason to buy for me, it's not like the Eurozone is any better off than it was last summer/fall.. so I'm expecting a decent return on this Let's hope so cause I have 60k tied up in it lol...
__________________
Quote:
Originally Posted by jasonturbo
Follow me on Instagram @jasonturtle if you want to feel better about your life
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
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