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XMFSinchiruna (27.21)

Shocking! The not-so-Supercommittee Lacks Magical Powers!

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November 21, 2011 – Comments (38)

http://www.nytimes.com/2011/11/21/us/politics/lawmakers-concede-budget-talks-are-close-to-failure.html?_r=1&emc=na

With the hours ticking away toward a self-imposed deadline, Congressional leaders conceded Sunday that talks on a sweeping deficit agreement were near failure and braced for recriminations over their inability to reach a deal.
...................................................
Raise your hand if you knew this was coming!

$15 trillion and counting...

38 Comments – Post Your Own

#1) On November 21, 2011 at 11:02 AM, kdakota630 (29.87) wrote:

Hand raised.

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#2) On November 21, 2011 at 11:03 AM, XMFSinchiruna (27.21) wrote:

Incredible bargains out there today. There is no fundamental basis for gold, silver, and related stocks to shed value on a day like today. When the market gets this stupid, you have to be smart.

I was stupid enough to leave myself with hardly any cash to play with, but if I had cash today, I'd be looking at:

TC

AUQ

TGB

GPL

KBX

CPFXF

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#3) On November 21, 2011 at 11:07 AM, outoffocus (23.54) wrote:

Hand raised...

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#4) On November 21, 2011 at 11:13 AM, miteycasey (30.38) wrote:

Hand Raised....

I want to know how each party sees the end game.

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#5) On November 21, 2011 at 11:48 AM, Sturmudgeon (< 20) wrote:

Hand raised...

Does this indicate that the couple of RINOs on the committee are ACTUALLY refusing to totally capitulate??

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#6) On November 21, 2011 at 11:48 AM, XMFSinchiruna (27.21) wrote:

http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=490697&_Type=&_Title=Drilling-Intersects-0.91-Copper-Equivalent-over-387M-at-Schaft-Creek

Copper Fox Metals Inc. (TSX-Venture: CUU) is pleased to announce additional assay results for two diamond drill holes completed in the Paramount zone of the Schaft Creek copper-gold-molybdenum-silver deposit. An update on diamond drilling and geotechnical activities related to open pit slope design for the feasibility study is also presented. We also advise that two diamond drills are currently working at Schaft Creek to test the northern extension of the copper-gold-molybdenum-silver mineralization in the Main zone and to sterilize areas around the deposit designated for waste storage. To view the location of 2011 drill holes completed to date, visit the Copper Fox website at www.copperfoxmetals.com. Highlights of the drilling activities are:

Highlights:

Diamond drill hole (DDH) CF411-2011 located 140 metres (m) north of DDH CF410B-2011, intersected 0.49% copper, 0.30 g/t gold, 0.04% molybdenum and 2.43 g/t silver (0.91% copper equivalent (CuEq)) over an interval of 387.8m starting at a core length of 287.0m. The 387.8m interval in DDH CF411-2011 is included in a 590.4m interval that averaged 0.39% copper, 0.25 g/t gold, 0.031% molybdenum and 2.06 g/t silver (0.73% CuEq). This drill hole stopped in 0.72% CuEq mineralization at a vertical depth of 615m below surface. DDH CF412B-2011 located 50m south and 75m east of DDH CF402-2010, intersected 0.48% copper, 0.27 g/t gold, 0.038% molybdenum and 3.61 g/t silver (0.89% CuEq) over an interval of 145.2m starting at a core length of 106.58m. The 145.2m interval in DDH CF412B-2011 is included in a 529.5m interval that averaged 0.38% copper, 0.28 g/t gold, 0.023% molybdenum and 2.30 g/t silver (0.70% CuEq) over a core interval of 529.5m from 106.58m to the end of the hole. This drill hole stopped in 0.45% CuEq mineralization at a vertical depth of 670m below surface, The interval from 6.58m to 106.58m in DDH CF412B-2011 averaged 0.33% CuEq as expected from the morphology of the deposit. and The mineralized intervals in both DDH CF411-2011 and CF412B-2011 are open at depth, to the east and to the west.

Mr. Stewart, President of Copper Fox stated, "We are very pleased to report that the 2011 drill results continue to expand the limits of the higher-grade mineralization with all drill holes containing significantly higher metal and copper equivalent grades than reported in the updated resource estimate for the Paramount zone. Diamond drill holes CF411-2011 and CF412B-2011 have intersected multiple thick zones of higher-grade and extended mineralization to the east, west and at depth".

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#7) On November 21, 2011 at 12:02 PM, johnybottom (< 20) wrote:

I sincerely hope none of the politicians involved in the supercommittee(sp?) get reelected.

That said, I'm almost all cash, so thank you for your list Sinch. My theory is that big funds will be selling PMs to raise capital as we tank, so better deals will be forthcoming. Nothing in EU has been solved and currently there are no plans to solve anything either.

Looking at:

PPP re-entry

SLW

TC

TGB

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#8) On November 21, 2011 at 12:27 PM, whereaminow (< 20) wrote:

What they need is a Mega Super Committee.  The Mega Super Committee will be selected by the Super Committee and be given sweeping powers to negotiate the time frame of the negotiations of the deal.  Once the negotiation of the time frame of the deal has been completed by the Mega Super Committee, that will be passed to the Super Committee, thus alleviating the pressure the Super Committee is under to reach a deal under a self imposed deadline.

Of course, the Mega Super Committee will still have to impose a deadline for the conclusion of their own negatiations regarding the setting of dealines for negotiation for the Super Committee.  This will be handled by the Special Advisory Committee to the Mega Super Committee for the Super Committee, or SACTTMSCFTSC for short.  The SACTTMSCFTSC will operate on the low annual budet of $738 million per year and will be headed by a special new cabinet position (that's the Czar of the SACTTMSCFTSC, for those scoring at home), who will have the power to force the SACTTMSCFTSC to set deadlines for the negotiation of the negotiation of the deficit.

In this way, the government will have finally imposed the self restraint that we all know is it really desires.

David

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#9) On November 21, 2011 at 12:30 PM, VExplorer (29.81) wrote:

Looks like a lot of people are looking at TC. My order is not filled yet. So, please, continue looking... :)

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#10) On November 21, 2011 at 12:34 PM, outoffocus (23.54) wrote:

LOL @ David!!! =D

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#11) On November 21, 2011 at 12:36 PM, silverminer (30.58) wrote:

http://traderdannorcini.blogspot.com/2011/11/gold-nearing-important-technical.html

The $1680 level is an important chart area as it has served to function both as overhead resistance and as downside support depending on the status of the gold market at the time that price has neared this area. In today's session, it is acting as a downside support level thus far holding price from dropping further as the risk trades are once again taken back off.

Should this critical level fail to stem the decline in gold, price will fall into the next band of support which is near and just above the $1640 level, a level that also coincides with the rising 150 day exponential moving average. That moving average has seen value-based buyers emerge over the last two months so we can expect it to uncover similiar buying once again should price move this low.

For gold to stem the current tide of bearishness and rattle the shorts a bit, it will need to recapture the $1710 - $1715 level for starters with a further push into the $1740 region necessary to bring in some momentum based buying.

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#12) On November 21, 2011 at 12:54 PM, SN3165 (< 20) wrote:

Alexandria Makes New Gold Discovery Beneath Akasaba Mine: Drills 14.10 g/t Au Over 5.00 Meters

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#13) On November 21, 2011 at 1:01 PM, silverminer (30.58) wrote:

Wow ... that's a nice one! Thanks for posting SN!

Alexandria Makes New Gold Discovery Beneath Akasaba Mine: Drills 14.10 g/t Au Over 5.00 Meters

Toronto, Ontario, November 21, 2011 - Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) reports today on assay results from DDH IAX-11-176 that intersected 7.07 g/t Au over 12.2 m, including 14.10 g/t Au over 5.00 m, on the Company's Akasaba gold project, Val d'Or, Quebec.

The high grade intersection, with 4 sample intervals assaying between 13.10 g/t Au and 19.10 g/t Au, occurs 450 m below the surface, and about 350 m below the underground stope at the Akasaba Mine. The results represent a down-plunge extension of gold mineralization which occurs near the surface in the historic mine area. This new discovery lies below a zone of lower grade gold values at intermediate depths below the near-surface mine area mineralization, a pattern similar to that found at the eastern deep zone, located 350 meters to the east, which Alexandria has successfully expanded through drilling.

Eric Owens, President of Alexandria Minerals, said, "These very strong results create a new target area at depth and provide further encouragement about the growth potential on the property. The results demonstrate evidence of a significant hydrothermal alteration system. We have added a second drill rig and are now following up hole 176 about 100 m to the west."

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#14) On November 21, 2011 at 1:14 PM, Gonzhouse (24.82) wrote:

The idea behind the Stuporcommittee was that a few good apples could do something the bushel of bad apples couldn't do.  All this proves is that taking a smaller chunk of excrement still means you have excrement, just less of it.

Hand raised, if only to cover to my nose.

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#15) On November 21, 2011 at 3:14 PM, leohaas (31.37) wrote:

Don't worry.

In this case, inaction is actually pretty good if you are a deficit hawk: it will yield $7.1 T in cuts in the coming decade! Absolutely sure the Super Committie could not have come up with that amount.

#5: there are no RINOs (or DINOs) left in Congress. That is the problem.

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#16) On November 22, 2011 at 12:20 AM, awallejr (77.63) wrote:

Well kind of glad about the TC and Alexandria interest since I have been accumulating both.  With that aside, the supercommittee was for show.  It was a way to beat the impasse on raising the budget deficit without anyone losing face. 

You aren't going to see any automatic cuts.  The Congress in 2012 is simply not bound by the automatics.  That was the whole slight of hand trick done by our politicians. Even now the Republicans are trying to renege on the defense budget cuts.

I was just hoping that the committee would try to make a sincere effort.  Silly me for thinking that.

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#17) On November 22, 2011 at 10:22 AM, Jbay76 (< 20) wrote:

@leohaas

Don't count your chickend before they hatch.  Congress can change their minds and the laws anytime they want.  S the new congress of 2013 can vote the spending cuts into the grave and conintue on biz as usual.

 

I'm banking on teh stuper committee failing to become a reality, the markets dumping a bit becuase for some reson they didn't see this coming, and Sinch's list in comment #2 becomes even more cheaper.  I see AUQ at $8 soon as a result :D 

Here's to bargain hunting!

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#18) On November 22, 2011 at 11:18 AM, tylerbowes (< 20) wrote:

Thomspson Creek Medals has fallen into the 5's. 52 week is at 5.44. Does anyone think it makes it there? And should we be buying at these levels. Does anyone have a top 3 list for the next 3 years? TIA

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#19) On November 22, 2011 at 11:37 AM, silverminer (30.58) wrote:

Hey Fools,

Thank you in advance for welcoming Tyler into our community and taking him under your wing. He e-mailed me the other day expressing an interest in getting more involved in the precious metals sector, and I directed him here to the CAPS blogs because of the considerable expertise you have amassed as a community over the past several years.

Tyler, I'm glad you made it over to the CAPS blogs, and hope you'll become another vocal member of our community.

TC is a top 10 holding of mine, and if I had cash I'd be buying more here. Anything under $10 for AUQ strikes me as a gift. If you want a major producer in the mix, GG and SLW have been my favorites there for some time, and both are likewise on sale. That's my $0.02, and I look forward to seeing what others have to say.

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#20) On November 22, 2011 at 11:37 AM, silverminer (30.58) wrote:

P.S. - Tyler, you'll see me posting interchangeably as TMFSinchiruna and silverminer.

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#21) On November 22, 2011 at 11:48 AM, Bays (30.13) wrote:

What about these results????

13.00 meters @ 33.63 g/t Au including 4.00 meters @ 104.83 g/t Au in BRAZD367 (Section 1600W -- New West Extension)

That was reported by Luna Gold, and the stock didn't move a penny that day..... Last year at this time it would have jumped 20%!

Luna Gold is one of the companies Nolan Watson and his team made a streaming deal with, and we all know how stringent his DD is before making these deals. 

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#22) On November 22, 2011 at 12:07 PM, Bays (30.13) wrote:

For those of you who have no idea how to interpret these types of results, a rule of thumb for gold is (metres x g/t = X)  If X is greater than 100, that is considered significant.  Obviously there are many other things to take into considerations, such as the location of the hole, the geology surrounding the hole, etc....

But as you can see, 4 metres of 104g/t = over 400!  <---- Fantastic hole.

For example, take a look at Trelawney's historical news releases and you'll understand why the stock price has done as well as it as.   Every hole they reported was well over the magic number of 100....  They went from 1 cent in 2008, to a recent high of nearly 6.00/share!!!!

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#23) On November 22, 2011 at 12:13 PM, 100ozRound (29.52) wrote:

Welcome Tyler!

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#24) On November 22, 2011 at 3:07 PM, ubernut (< 20) wrote:

I was wondering if anyone had some thoughts on Redhawk Resources.  It trades on the tsx under symbol RDK and on pinksheets under RHWKF.

From what I have read it seems like a good investment however I am new to investing in mining companies so I would like to see what people with more experience think.  

Also I am not sure if this is the appropriate place to be posing this question.  I know that I would like to have TMFSinchiruna's input as well as others. If there is a different place I should be posting this question could someone please let me know.

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#25) On November 22, 2011 at 4:08 PM, AirForceFool (99.93) wrote:

I'd buy more GPL, but darned if I don't already have quite a bit... have liked SLW for some time... easy to put them on autopilot and check in from time to time... added some PPP a few weeks ago, and still have small positions in BRD,,,

 Did clear out of 70% of my common stocks in the 401k because I think Europe is going to crater and take everyone with them... just saying...

Chris

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#26) On November 22, 2011 at 6:38 PM, SN3165 (< 20) wrote:

Sinch, what's the story on Pilot? they've got a lot of red thumbs on here but it looks intriuging...

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#27) On November 22, 2011 at 10:03 PM, skypilot2005 (< 20) wrote:

Nice increase in Kinross, today.  But, why?

http://www.fnno.com/story/unusual-volume/331-shares-kinross-gold-are-moving-higher-13x-above-average-volume-kgc-unusual-volume

Shares of Kinross Gold Are Moving Higher on 1.3x Above-Average Volume (KGC)

http://www.theoptionsinsider.com/unusualactivity/?id=8557

 

http://www.benzinga.com/markets/options/11/11/2145799/notable-call-options-activity-in-kinross-gold

Sky Pilot

Official Web Link Assistant to Sinch

 

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#28) On November 22, 2011 at 10:42 PM, skypilot2005 (< 20) wrote:

see #27.  I own Kinross.

Welcome Tyler.

You’ll do fine with any of Sinch’s top 10.

I am currently  accumulating alxdf.pk (Alexandria), Sandstorm Metals ( STTYF.PK ) and  TCEGF.PK  (Terraco Gold).  Take a close  look at Sandstorm’s Met. Coal “streams”.

Take a look at any of the 3 I just posted and if, you have any questions, bring them back here or a current blog of Sinch’s and post them. 

We are an opinionated bunch.   :)

 

Be sure to click the REC “button”  on each article (upper right hand corner) if you are satisfied with the content.

I  generally  buy and hold unless the original thesis changes. 

I have a young spouse and need to max. my income when I retire.

Sky Pilot

Official Web Link Assistant to Sinch

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#29) On November 22, 2011 at 10:48 PM, skypilot2005 (< 20) wrote:

 

"#26) On November 22, 2011 at 6:38 PM, SN3165 (< 20) wrote:

Sinch, what's the story on Pilot? they've got a lot of red thumbs on here but it looks intriuging."

 SN3165,

http://caps.fool.com/Blogs/the-greatest-turnaround/669504#comments

see #18.

Did you check it out?

 

Sky Pilot

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#30) On November 22, 2011 at 11:11 PM, skypilot2005 (< 20) wrote:

 #21) On November 22, 2011 at 11:48 AM, Bays (98.93) wrote:

"Luna Gold is one of the companies Nolan Watson and his team made a streaming deal with, and we all know how stringent his DD is before making these deals. "

Bays,

Hi.  How are you doing?  Good I hope.

Have you done any D. D. on Luna?  I recall that name keeps coming up....

 I took a quick look.  Under $1 and in the middle of it's 52 week.  I couldn't open up the pdf with the latest fianancials.  Is it profitable?

Sky Pilot

 

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#31) On November 23, 2011 at 12:07 AM, Bays (30.13) wrote:

Hey skypilot,

I havent done any DD at all..... I just know Nolan Watson and company wouldn't make a deal with the company if it didn't pass their very stringent DD process.  I don't own the company, and don't plan on it, but I will benefit indirectly by owning Sandstorm Gold!  Remember, Sandstorm benefits from all exploration potential, so I hope to see Luna expand exponentially.  

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#32) On November 23, 2011 at 5:51 AM, skypilot2005 (< 20) wrote:

On November 23, 2011 at 12:07 AM, Bays (98.93) wrote:

 "Remember, Sandstorm benefits from all exploration potential, so I hope to see Luna expand exponentially."

OK.

 I think I'll do some DD on them this weekend. I checked last night and haven't performed any to date.  If they look promising, I'll report back on one of Sinch's blogs.  Due to contractual obligation of course.  :)

Sandstorm is probably, where I've been hearing that name.  As you know, I own a "chunk" of both Sandstorms.  As well as SLW. 

I like "Streamers".  

 Sky Pilot

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#33) On November 23, 2011 at 6:23 AM, skypilot2005 (< 20) wrote:

 #24) On November 22, 2011 at 3:07 PM, ubernut (55.21) wrote:

 "If there is a different place I should be posting this question could someone please let me know.  "

Nope.  This is the place.  You may or may not get a response.  

It'd help if you listed why you are interested in the company and any research you've completed.  If it looks promising, your chances of a response increase.

Some of us have time constraints especially around the holidays, due to former relationships.  re.: Ex-Spouses, children, etc.  as well as performing  common stock Due Diligence (DD) activities.

Sky Pilot

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#34) On November 23, 2011 at 6:56 AM, skypilot2005 (< 20) wrote:

A start of DD:

http://www.lunagold.com/s/Home.asp

 

3rd Qtr 2011

http://www.lunagold.com/s/NewsReleases.asp?ReportID=490148

 

http://www.lunagold.com/s/NewsReleases.asp?ReportID=489291

November 07, 2011
Luna Gold Drills 13.00 Meters @ 33.63 g/t Au Including 4.00 Meters @ 104.83 G/T Au at Aurizona

 

http://www.lunagold.com/s/NewsReleases.asp?ReportID=441660

February 09, 2011
Luna Gold Announces Commercial Production at Aurizona

 Vancouver, February 9, 2011 -- Luna Gold Corp. (TSXV-LGC) ("Luna Gold" or the "Company") is pleased to announce the commencement of commercial production at the Company's Aurizona Gold Mine ("Aurizona"), located in Maranhão State, Brazil.

 

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#35) On November 23, 2011 at 11:15 AM, XMFSinchiruna (27.21) wrote:

Sky... sounds like you have plenty to be thankful for.  ;)

Happy Thanksgiving everyone!

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#36) On November 23, 2011 at 11:12 PM, Bays (30.13) wrote:

Maybe Sinch is more familiar with Luna????

Sinch, which company will be the next Trelawney?!  From a penny to 6 dollars????  Not too many 600 baggers out there.

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#37) On November 30, 2011 at 12:27 PM, eeibbay (< 20) wrote:

Hi all. New to the CAPS community so I hope I am posting in the right place. I am trying to rate my picks and cannot seem to pick either of the Sandstorm companies. Any suggestions. I also agree with Sinch's pick above of Copper Fox but can't seem to rate that either CPXFX.PK. Oh, big fan of the blog by the way..

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#38) On December 08, 2011 at 9:47 AM, Bays (30.13) wrote:

Luna Gold Announces Major Resource Update at Aurizona

 

Wow.....

"Measured and Indicated gold resources now total 78.0 million tonnes at 1.26 g/t Au or 3.17 million ounces gold, an increase of 250% from the previous mineral resource estimate published in January 2009. Inferred gold resources now total 15.2 million tonnes at 1.47 g/t Au or 0.72 million ounces gold, an increase of 79% from the January 2009 mineral resource estimate."

This is good news for Sandstorm Gold as well.

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