Market Trends – Tue 24 Apr, 2012

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Roger Wiegand

  1. On April 25, 2012 at 12:52 am,
    har says:

    12 months ago I said short PM stocks. Bashed by comments that I don’t understand.

    Now they are banging at 52 week lows.

    My work says they are even headed lower from here. Cheers.

  2. On April 25, 2012 at 6:55 am,
    James says:

    Can someone please explain to me how Europe fluctuates from the edge of disaster to everything is fine again literally every 24 hours. Expect more double speak and holding the carrot out at todays FOMC meeting. Durable goods plunge, meanwhile the consumer, who is supposed to be tapped out, still has plenty of money to buy up all those iphones and ipads.
    Apple the new gold. We are being lied to.

    • On April 25, 2012 at 7:00 am,
      har says:

      Hopes of more QE announced today at 2:15 EST. Last chance, probably, prior to the U.S. elections.

  3. On April 25, 2012 at 7:01 am,
    har says:

    Everything up but gold. Did not see that one coming.

  4. On April 25, 2012 at 7:12 am,
    Dan, calgary says:

    This has become a political debate instead of an economic one. I would like to see almost none of these leaders be reapointed or re-elected.

    Its 1984 when someone stays up all night just to come up with the right word to soften the blow on the economy and slam the commodity complex.


  5. On April 25, 2012 at 7:19 am,
    Marshall says:

    Har, you made some good calls. Where do you see PM shares bottoming and what will be the reasons for the bottoming? Roughly when do you see this happening? Do you see a big uptrend after the bottom?

    • On April 25, 2012 at 7:36 am,
      har says:

      Marshall, I have to give you the quickie answer. I am travelling today to Cape Town from Riyadh.

      I believe the ETFs are going to go the way of MF Global. I stated when the central banks start buying that is the top – they are the bagholders – all the time. The Juniors are issuing more shares at a record pass to get more money. Energy costs and wages are going up cutting into their bottom line. South American (where I was Feb-Apr) the people are rising up to get the miners out of their countries – Peru/Panama/Ecuadar, etc. Also the miners are hedged for higher prices.

      I believe one of the many many ETFs that have started in the last couple years are going to be found not to have the ounces in storage that they are suppose to have.

      Tomorrow I will give you a better answer. But that is my basic rational at this time. Cheers.

  6. On April 25, 2012 at 7:24 am,
    Dan, calgary says:

    What I don’t get is today after the FOMC announcement the gold cartel crew will be out doing what they do but will Bart Chilton be watching? Will the silver shorting crew be out in full force? Wouldn’t it be easiest to spot this manipulation when it occurs? Maybe catch JPM with their fingers in the cookie jar. The problem is that no one with official status will do anything about it.

    One of these days, POW, right in the kisser! But probably not today.


  7. On April 25, 2012 at 8:39 am,
    Dan, calgary says:

    Aurizon and Niogold shared a positive news release yesterday on the recovery potential on the Marban property. This could be the confirmation of a merger/buyout of Niogold soon.


  8. On April 29, 2012 at 10:22 pm,
    roger wiegand says:

    Comments by HAR on EFT’s are correct. In our letter we have been saying for months that the juniors without 2-3 years cash in hand by June 1, 2012 might not
    make it. Raising cash from June- next march 2013 could be very difficult at best
    Back from two conferences at the desk and more to come – roger