Thursday, August 14, 2008

Sorry, I got a bit excited LOL

Hopefully a nice day for QMNM & MMTE

Someone at Yahoo lives near the Cedar Grove mine and said yesterday that he saw equipment being moved over there by Whitestar mining. This confirms it. Hopefully the October 15th date can be achieved for production.

As for MMTE, a producing well should get us at least back to the .003 area IMO. Gonna be sure to book some this time.

6 comments:

coinlieutenant said...

Nate,

By managability, I mean that because UYG is much lower in price I usually just buy it and not so much SKF. I do this because I like to write covered calls on the stocks and you need 100 shares to do so. So if I am long financials I just hold UYG and book it. If I am short, I just write covered calls on one 100 lot parcel of UYG.

I could buy SKF in smaller lots and I used to do that, but it is not possible for me to short it unless I call my brokerage house and verbally short it...which I often cant do.

coinlieutenant said...

Can anyone figure out why gold is down today?

JoeGoog23 said...

John, i'm gonna attribute it to normal smackdown!!

Latviski said...

Oh that is a HOT CPI number!!!

Shorts should have another solid day. And jobless claims higher than expected as well!!

Gonna be a fun one today. :)

coinlieutenant said...

Well...here's to an Axestone V! :D

My bet is that the currency traders are betting that the CPI numbers will force the fed to raise rates....which we all know aint gonna happen.

Latviski said...

Financials are going up!!!??? WTF is going on...

Is this the rapture or something?