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XMFSinchiruna (27.58)

November 2008

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21

Bargain Stocks for Black Friday: Southern Copper

November 28, 2008 – Comments (2) | RELATED TICKERS: PCU

Happy Black Friday, Fools! Don't get trampled!  [more]

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41

ALERT! $3.9 Trillion was a Drop in the Bucket... this has gotten completely out of control!

November 26, 2008 – Comments (4) | RELATED TICKERS: C , FNMA , FMCC

Remember my last tally from back in October, Fools? While the nation was wrapped up in debate over the $700 billion bailout, the Fed and the Treasury were busy running up a tab more than five times that size. In just seven weeks, though, the problem has more than doubled in scope while the distraction has been reduced to a laughable $25 billion.  [more]

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23

Don't forget about the junior silver miners

November 26, 2008 – Comments (1)

This new presentation from Endeavour Silver lays out company's target of ramping up to 4.5 million ounces annual silver production while bringing costs down quickly. I have held this company for a very long time, and consider it one of my best long-term prospects in silver despite the beating the shares have taken since I got in.  [more]

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26

You Can Buy Silver for $1 per Ounce!!

November 25, 2008 – Comments (12)

Please enjoy this valuation analysis of Silver Wheaton, which will remain my second largest holding in real life right on through this multi-year bull market for precious metals. When silver is back above $20 per ounce early next year, these share values will be remembered for the incredible discount to future earnings.   [more]

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25

Hold Tight, Fools... Literally!

November 24, 2008 – Comments (8)

And don't forget to tell your kids to hold tight as well before they take off for school:  [more]

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23

Don't Get Trampled on Black Friday - The Best Bargains are in Commodity Stocks

November 23, 2008 – Comments (6)

Don't let this be you, Fools!  [more]

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31

***Another Fantastic, though Disturbung Article on the Big Picture!!*** 30 Leading Indicators for Great Depression 2 by 2011

November 21, 2008 – Comments (6)

There's little I can add to this assessment... I think the article speaks for itself, and I hope you Fools find it interesting. Definitely not light reading nor pillow talk material, but in my opinion this is a frighteningly accurate portrayal of the financial ills before us. Sorry for the not-so-uplifting read, but this is way too big to sweep under the rug and hope everything will be okay. Be brave, Fools, and stare this one in the face. It's painful to think about our great country mired in poverty and suffering, but if we prepare mentally and emotionally now for the difficultues ahead, I believe we'll be much more effective at adapting to this likely future.  [more]

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32

An eye-opening article on the state of the financial sector...

November 20, 2008 – Comments (4)

I offer up this article not as a treatise of actions I believe the govermnent or the sector should pursue, but rather simply for the insights the piece provides into the scale of the problem. Paul Miller, of Friedman, Billings, Ramsey points out that the TARP program does not address the problem (which I agree with), since what is needed is tangible common equity as opposed to long-term debt financing. He believes $1 trillion - $1.2 trillion is needed to restore confidence, though I personally doubt that even that would suffice. But here's the really interestiong tidbit:  [more]

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22

Weak Near-Term Outlook for Copper Demand from China

November 20, 2008 – Comments (1)

I maintain that this scale of weakness is already priced into the major copper equities at these levels, but with the fundamentals completely off the radar screen of investors at present, that may not protect them from further declines on revelations like this. This is getting demoralizing. :(   [more]

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25

The next shoe to drop for the banks...

November 19, 2008 – Comments (0)

Let's see now... BOA's stock was in the $13 range today... I wonder how low these record credit card losses will take them... and what about the commercial real estate hammer that's about to swing down on them... I wonder just how idiotic that Countrywide deal will look then when that mortgage portfolio becomes just one of countless toxic asset classes on their cooked books. If these companies had an ounce of decency they would declare their effective insolvency to shareholders immediately and concede that the actual value of all the derivatives they currently value in the dozens of billions are in fact worth absolutely nothing.  [more]

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27

Reports from China continue to file in about a possible move away from USD and into Gold

November 19, 2008 – Comments (4)

While we still have nothing resembling an official statement from China's Central Bank indicating a new policy of diversifying its reserve base out of the USD and into gold, we nonetheless have in ever-increasing number of unofficial reports to that effect. Taken in isolation, none of these reports can be granted much credence, but in sum I believe they start to become more credible.  [more]

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40

Iran Switches Reserves to Gold - $75 Billion - Who will be next??

November 17, 2008 – Comments (2)

And just like that, one by one the dominoes begin to fall...  [more]

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27

Jim Rogers Video - He Carries Gold in His Pockets! :)

November 17, 2008 – Comments (6)

This is part 1 of 4, with the rest to follow below...  [more]

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27

Whither the USD?

November 14, 2008 – Comments (3)

This is just an excerpt, and I recommend Fools follow this link to read the whole article with graphs... then come back and tell me what you think.   [more]

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25

Wake Me When Silver Mining is Profitable Again

November 14, 2008 – Comments (4)

"It wasn't supposed to be this way. Precious metals are supposed to increase in value when global financial paradigms careen into turmoil and collapse. Gold and silver prices are supposed to balloon with the U.S. national debt."  [more]

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28

China Relights the Torch for Commodities

November 13, 2008 – Comments (10)

Are any other Fools shocked at the lack of follow-through from the markets with respect to recognizing the significance of the Chinese stimulus plan as it relates to commodities?  [more]

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22

Gold demand is still gaining steam abroad

November 13, 2008 – Comments (3)

Buying interest for gold certainly hasn't abated in Asia and the Middle East:   [more]

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30

China's Stimulus Plan is a HUGE Boost for Commodity Demand!

November 10, 2008 – Comments (3)

$586 billion buys A LOT of infrastructure... get ready for a dramatic resurgence for the heavily oversold metals sector, especially copper. Iron ore, met coal, aluminum... all should make a strong recovery on this development (at least they could be expected to do so in a rational trading environment... which we still don't quite have).   [more]

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31

Jim Rogers: Silver will Outperform Gold!

November 07, 2008 – Comments (7)

Yet another thing Jim Rogers and I agreee on.  :)   [more]

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27

The Venezuelan Plot Thickens... Grants Gold Mines to Russia!!!!

November 06, 2008 – Comments (6)

As a Crystallex shareholder... this one is right out of my hands and into Russia's. This is one seriously bold move by Chavez, and you can expect it will embolden like-minded nations to follow suit (Bolivia next?)  [more]

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27

Venezuela nationalizes Crystallex's Las Cristinas Mine!!

November 05, 2008 – Comments (4)

Ouch... the final nail in the coffin for KRY shareholders like myself. I only held a very small number of shares as a purely speculative position, but this is a very unfortunate development nonetheless... especially since it may embolden other nations to use the financial crisis as a rationalization for some similar actions. If you were Venezuela... what would you do? Accept a small percentage commission from a foreign national company to mine your gold, or take it over and claim 100% percent of the proceeds? That was an overnight gain of $35 billion for Venezuela's coffers.  [more]

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30

Mark-to-Market Manipulation

November 05, 2008 – Comments (5)

While a return to mark-to-model accounting may usher in a giddy market rally, keep your Foolish eyes focused squarely on the findamentals, which are not affected by accounting procedures. This move is merely an effort to hide the truth from you. Essentially what they're saying is... the truth hurts... so let's ditch it.  [more]

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33

The Fed as Central Bank to the World

November 04, 2008 – Comments (1)

I'm not sensing the world is going to remain very comfortable with this arrangement. There is no real security in the global financial order so long as the world looks to the debt-backed greenback as its default paper asset. I honestly feel that some major announcements regarding an emerging financial order are imminent, and that perhaps China and Russia will be the first to act... either solo or in concert with each other. Even Europe is calling for a new Bretton Woods agreement, suggesting the status quo of the dollar's preeminence is seriously in question in light of this year's events.   [more]

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