> I also discovered that ‘Plug and play’ seems
> to be code for ‘If it doesn’t work when you
> turn it on, buy a new one’.

Exactly, and with the new one it means "Plug and pray".

Bill, your problems with plug and play may have to do with not having the proper codecs. Downloading a codecs package may solve the problem.

I avoid Starbucks; they are big supporters of the "War on Terror" and related depradations.

Calling for 28 degrees celcius (that's 83 farenheit) and 36 degrees (97 farenheit) with the humidity in southwest Ontario today. That's almost a Bahama-like temperature.

Good thing it's Octoberfest in Kitchener/Waterloo, can drink lots of beer to cool off!

With the way the weather is going, I won't have to move from Delaware to Florida or Arizona when I retire(for warmer weather). We're averaging mid 80's in October so far.

But no matter where, with my pc, I am connected.

Life is good,,,lol.

Yet another data point that global warming is fact, and the sooner the U.S. has responsible leadership that acknowledges this, the better.

But given the latest evidence, that may be too late.

global warming, forget it.

They have other important issues on their mind like :

Byrd: Senate’s ‘Saber-Rattling’ Is ‘Sleep-Walking’ America To War With Iran

http://thinkprogress.org/2007/10/04/iran-byrd-speech/

Leisa and FrankSix, thanks for your feedback on my question on the yield curve.

Have a good week everyone!

2nd ave , As you veterans at volatility know, I've been noticing how many experienced gold investors already also know, the tide goes in and out, and the intermediate investor as myself can have trouble with that in,out, in, out rhythm.
Haven't looked yet, but I expect gdx to be in trouble today.

I'm accustomed to hanging in, letting the price breathe, letting it fall and then be happy with the meat of a move. Selling into strength, though, looks to be the better play with gdx. The fall can simply be too severe and too quick. As for trying to get a more adaptive mind set with selling into strength I can pull the trigger ok at a high, but what I find harder is to comfortably anticipate is that the next buy signal will not require that I sit on the sidelines to just watch the price keep going higher ....without me. Very counter intuitive to relative strength investing. Any feedback welcome.

” … the mega third phase of this bull market lies ahead. It may take into next year, but it’s a’comin’,” said a super bullish Richard Russell on Friday.

I have just published my regular weekly article highlighting this and some other thought-provoking quotes from market commentators during the past week. I also briefly review the week’s market action on the basis of a few performance charts.

The link for the "words from the wise" is: http://investmentpostcards.wordpress.com/2007/10/07/words-from-the-wise-for-the-week-that-was-oct-1-to-7-2007/

Hallvardo, useful site for uk charts on yield curves is yieldcurve.com, hope this is of use to you if you dont already have it.

BillySundance...

Great call on AKAM from Last Thursday...Picked up some Oct Calls and am up 100%...Thanks

Just goes to show you how We the Cara community can help each other

THANKS

TV in you PC - it works!

My wife needed to recover desktop real estate. How to banish a clunky TV? I bought a TV-stick from Hauppage. Despite meager instructions, it actually WORKED! Scanned the cable, listed channels, and now plays TV in the PC! Supposedly, there's TIVO-like software, but I don't want to tempt the gods ....

Glad everything worked out for you basketguy! I sold part of my AKAM position on the nice close Friday. Luckily I kept a little on the table for the move today. AKAM looks to have cleanly broken above its 50 DMA today.

Long MNG after the drop...It's breaking out of it's range daily, rising 20 day, lots of buying, should go much higher.

Anyone see the breakout in GMO that Cyderman predicted Friday? That's buyable here above 7..

I like PAL at 8 also.

badius please explain this comment. TIA:

badius please explain this comment. TIA:
I avoid Starbucks; they are big supporters of the "War on Terror" and related depradations.

BILL

From one canadian to another and to all canadian bloggers of this site happy thanksgiving...

I closed out my positions in COP and VLO this morning. The main reason is that WTI & Brent backwardation is narrowing significantly which is indicative of falling demand or rising supply. I will reevaluate these markets as conditions continue to unfold. I’m still very bullish on oil long-term, bumps craters notwithstanding.

Harry Schultz is also very bullish of gold and has similar view of Richard Russell.

The article link: http://www.marketwatch.com/news/story/golden-years-harry-schultz/story.aspx?guid=%7B36C4B092%2DECD7%2D421C%2D8D1B%2D824500C76BE0%7D

Crude Oil Falls Below $80 as Refinery Repairs Curtail Demand
http://tinyurl.com/2c42ve

"Crude oil will fall this week, a Bloomberg News survey on Oct. 5 showed. Twenty-four of 32 analysts surveyed, or 75 percent, said prices will decline, the most bearish response since the survey was introduced in April 2004. "

Added more DUG.

AKAM - the move continues. Bumping up against $33 right now.

Thank you Bill and telstar3 for your help. BOB B.

Bill,
I would like to say happy thanksgiving to you and everyone else from Canada. Now if we can only get you to go for a better hockey team than the Leafs. I think the Senators are a better investment.

OT: Interesting article.

http://www.lifehack.org/articles/communication/four-rules-to-understand-what-makes-people-tick.html

Wow - AKAM at 33.80 - congrats to anyone who has held on

jasper-

Keep a core position that you don't trade. That way you don't feel compelled to chase when the market moves higher "without you". If the price comes to you though, you reload.

WGDFF- waiting to take another swing at this one...down 5% to 3.41 right now...

Still like MNG

I'm waiting on PAL and waiting on GMO.....but they both look interesting, they may just come in a little cheaper.

Happy Turkey Day my firneds to the north...Anybody in or near Cornwall?

Been buying into WGDFF on this dip. Just got another 1K at 3.41

say hello to all the little firneds too...

Has anyone seen or know of a target price on WGDFF?

thanks

We don't really operate on target prices. I started buying at 1.81 and have bought and sold a bunch in-between. I think fearless leader mentioned doubling, but that might have been about a buck ago. It still is going to be listed AMEX which should offer some re-ratings and upside.

John Doody targets $4 for Western.

UNG- adding at 38.07...2-dollar range today...

Watching today at the behavior of the Nasdaq 100 components and wondering...

Furious rotation across mostly a few names (either most leaders of the big run-up or those badly punished up to a few days ago, like AKAM) tries to keep the index marginally in the blue. In the face of it turning red, AKAM jumps 9% on no apparent news and saves the day(short squeeze I would guess), unless I'm missing something.

Anybody else here got the impression that the big trading desks are going to any length today to keep the impression of the rally ongoing by keeping QQQQ slightly above water?

PKD- back to a 7-handle and waiting for another shot at this one also...everything's looking like a daytrade...maybe it's part of the topping process..

Not sure how much you want to get into politics here, Bill, but a company whose idea of corporate philanthropy is to open branches for the troops in Guantanamo and Afghanistan and whose CEO is a pillar of the warmongering Israel Lobby in the US doesn't fit my picture of socially conscious.

From Barron's Online (Oct. 08, 2007)
Danger Sign: True Believers Are Getting More Fervent by Eric Savitz

http://tinyurl.com/332cwd

Case -

Welcome to the bleachers witnessing professional momentum applied in real time.

http://quotes.nasdaq.com/quote.dll?page=nasdaq100&col=6&dir=D

So the recipe for sucessful mojo reads "Follow AAPL, RIMM & GOOG with confirmation from CSCO (for the fundamental trend) and with a few rotating stand-in for headlines and spices".

JML

I said that we needed to see Friday AND MONDAY before we reboarded The Gold Train. Well, Friday was nice but Monday wiped that and more away. So now what?

Well...."We sits and we waits". Hey, if I can wait 18 months for the last one to come to me so I could make a pile I can wait for this little move to sort itself through.

And it will.

Craig & badius......... thanks for your input on
WGDFF

Talking about momentum & "interesting" action. What a trading day for YUM before beating earnings after market close. Who knew the playbook in advance?

JML

telstar - thanks for that article from lifehacker.

The next article tells you how to configure a usb "thumbdrive" to hold not only your dox, but free portable office applications and all your browser bookmarks.

Plug this thumbdrive into any PC you encounter on the road, and you have your "office in a pocket". Insanely cool - and equally useful!

Dow's seasonal gains and losses:

fr. 9.6-10/29 the dow on average loses 7.8% (per eddie elfenbein: http://www.crossingwallstreet.com/

Half way through this period, this year's dow has gained 5% !

The best avg. time is 12/21-1/07: 3.4%

The biggie is from October 29 to May 6, when the Dow rises 7.79%, which is about 93% of the annual gain.

HSBC says it expects the pound to fall from around $2.04 to $1.76 against the dollar over the next eighteen months, even though the dollar itself is in danger of losing its status as the world's "anchor currency".

http://www.tiny.cc/vREzT

This is Lloydstsb outlook bill, charts etc.
8 October Report entitled.
'Is there a right level for interest rates.'

http://tinyurl.com/2eoro6

Also this from Bloomberg 24-9-07
Deutsche Bank and UBS say the pound will weaken 6 percent over the next three quarters. Citigroup expects a decline of about 1.5 percent by year-end. Strategists at the firms predicted in December it would trade at $1.96 or lower this year.

Paris-based BNP Paribas SA, which said in June the currency would trade at $1.88 by year-end, is even more bearish, predicting it will fall closer to $1.547 next year, as suggested by the bank's purchasing-power parity calculations. Lehman forecasts the pound will fall to $1.85 in 2008.

Does anyone have any experience or thoughts about Doug Casey's gold newsletter? I just read a brief excerpt which seemed to mirror Bill's comments about a coming megabull market for gold and stating that the juniors are the way to play.

I heard that Casey's newsletter predicted Aurelian would report 5 million ounces of gold in their resource estimate (and to buy Aurelian on the resulting selloff at $4!) and the reported number was 13.7 million ounces. Their estimate was not even in the ballpark.

On early Friday evening I said my chart-read put me in the "neutral" or "sideways chop" camp with respect to gold's near term direction. I wasn't ready to pick up the pom-pons just yet and start chering on gold. I said we needed to see Monday's results as well.

Well Monday saw downward action resume and Tuesday in Europe is starting out bleak (down 6 bucks).

I don' t have an agenda and I try never to talk my book. I just say what I see using tools I have freely shared before here. You can do this too.

Let's see how today finishes. Good luck and good trading.

Bill ,thanks for your reply. I posted these links and comments to prompt discussion ,when I initially read about the forecast depreciation of the pound of approx 20% against the dollar in the next year to year and a half .That is on top of any dollar depreciation that may occur, it served to highlight for me the need for wealth preservation in these times,as you have often mentioned.The problem is what to do about it, invest ones wealth in assets,gold other currencies, and as you rightly say, the timing of it all.I am no expert in these matters, so please feel free to pick holes in anything I write that is incorrect.

Magnolia, as highly regarded as Doug Casey is by many his relation (pp participation) to companies he promotes is not always transparent.

These conflicts come with the territory, of course. Claude Cormier, editor of the Ormetal report, has a good reputation.

Moneygenie and Telestar3d ...

I agree with you 100% regarding the danger of censorship in a democracy (or republic).

Creators and hosts of "blogs" from time to time point out that their creations are not democracies and that they "rule." Such creators would do well to consider the great risk we all take when we embrace such an attitude.

No less a person than Archbishop Desmond Tutu has recently encountered the dangers of censorship extant in the USA today. Many of you will be aware of the story but for those who are not you can locate the details over at juancole.com.

We, the people of the United States, and we, the people of Canada, and in fact all free people should never allow even the slightest steps to be taken in the direction of comfort with censorship.

Down such a path lies a society in which I have no interest in living.

*************GOOD GOLLY GENERAL MOLY (GMO)!*************

GMO: I bought GMO one yesterday at $7.02 after the spike upward indicated a potential breakout above 7 resistance. It closed at the high, at $7.90 up 90 cents, and there may be more to come.

GSS: This one could've gone either way I thought in recent days, but today when the triangle came to a point it indicated up also, and engulfed quite a few days' action with a strong close, this will go higher, probably much higher. I got long today a little higher than I would have liked but I was knee deep in another trade at the right moment. Also the notion of more possible fed cuts (unanimity at the last meeting) seems to auger for a policy shift rather than a one-of and hence, should encourage the pretty yellow metal.

URZ: I bought a tiny amount a few days ago and the little guy's starting to perform. It broke it's downtrend weeks ago on the daily, corrected to the 20 day, and is advancing now. It's volatile so play small. Baby needs a new pair of reactors.

PAL: I bought this one on the close. It's breaking up and out also, rising 20 day good price action.

MNG: I recommended this one last monday I think as my stock of the week. I should have built a bigger position but it was taken over and did go up a buck-40 today. I am glad that I at least bought yesterday and caught most of the move. And if you check the price action in the past few weeks, I do not in any way believe that this news did not find ears prior to today. This thing was trading as though it was going to be taken over. Food for thought.