Saturday, June 28, 2008

gold

i've hassled matt to get into gold for a while and not sure if he has taken me up on it. whether or not you agree with the below, i guess knowing these facts cannot hurt...

this one shows how the banks have been destroyed, but the last one is the most interesting. it shows the gold/crude ratio is way down
http://www.jsmineset.com/cwsimages/Miscfiles/6315_DanChartsJune27-08.pdf

about 1/3 of the way into it there is a graph showing dow/gold ratio is almost at a 13 year low.
http://www.jsmineset.com/cwsimages/Miscfiles/6314_Charts_for_6-27-2008.pdf

i personally think the powers that be have an interest to keep gold down as it is a inflationary indicator. and remember the national debt is increasing on average 1.33 billion dollars a day since sept 28, 2007 and ron paul the other day said in the last 3 years we have added 4 trillion dollars of new money. with all money added to circulation one can only wonder... just look below at how much specific commodities are up. gold is only up 6%. compare it to others.

Score Board -- percentage change for the year, so far, in various items:
  • Crude oil up 42.5%
  • Ethanol up 20.7%
  • Heating oil up 43.9%
  • Natural gas up 76.5%
  • Unleaded gas up 39.5%
  • Cattle up 1.0%
  • Corn up 58.8%
  • Soy beans up; 26.4%
  • Coffee up 5.9%
  • Aluminum up 32.7%
  • Copper up 25.7%
  • Platinum up 33.4%
  • Gold up 6.0%
  • Silver up 13.4%.
  • S&P 500 down 10.24%
  • Frankfurt DAX down 18.32%
  • London FTSE down 12.23%
  • Paris CAC down 19.64%
  • Hong Kong Hang Sang down 18.33%.
  • Tokyo Nikkei down 9.47%
  • Singapore Straits down 14.04%.
  • Seoul Composite down 9.57%
  • Sydney All Ordinary down 15.76%
  • Taipei Telex down 7.40%

this what i own. let me know if you have questions. i honestly don't tons about all the companies, but in a bull market the sector benefits.

ticker - company name - # shares i own
AUY - YAMANA GOLD INC - 770 - gold mining
DNN - DENISON MINES CORP SHARES - 200 - uranium exploration
GLD - SPDR GOLD TRUST GOLD SHARES 50 - shares are backed by gold
JINFF - JINSHAN GOLD MINES INC - 2,400 - gold mining
KGC - KINROSS GOLD CORP NO PAR - 360 - gold mining
NAK - NORTHERN DYNASTY MINERALS LIMITED NEW - 500 - mineral exploration
URZ - URANERZ ENERGY CORPORATION - 100 - uranium and mineral exploration
VCTPF - VALCENT PRODUCTS INC - 900 - biofuel and urban farms

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