Post your stock tips here.

[b0und]

Please justify and disclose your positions, if need be.

I am overall bearish, everything looks overpriced to me. In Australia as well as the US.

In the US:

Short on Interoil (IOC), yeah I don't know shit about oil and gas exploration, I am not saying they're a fraud. But damnit, if they don't have oil/gas flowing by now then I doubt they ever will. Then again George Soros is a major investor, 11% or something, he knows his stock better than us. Still short though. Interesting tidbit, type "Interoil" into google and look at the first Google suggestion, lol. $76.47 today.

Long on Gold, mainly because of this Dear Bernanke, Here's Your Guide To What's Really Making Gold Explode
A lot of smart money is in gold now. Also, if China wants its currency to become an international trade currency they will need massive Gold reserves. China&India are increasing their gold holdings. 1373.36 today.

I have no positions. Do not take financial advice from me.


Post up for big karma.

I will bump this in future to see how wrong/right I was.










b0und (TIA)

 

[the.gladiator1987]

hey bro, im young (21) but i wanna start investing in commodities. I KNOW the value of gold and silver will continue to go up. Silver is a bit more realistic for me since it is cheaper per oz, and it has more value in a market (easily exchanged for a loaf of bread for instance)

I know some silver mining companies are OK to go through, but these days anything you do is gonna have risj if youre going all out in one company. I need some tips on where to invest my money jus so i dont put it in my savings where theres 0% return

 

[b0und]

Ok gladiator, I see what I can help you with.

Educate yourself first. Computer -> internet access -> all the knowledge you will ever need.

I read a lot in these magazines and find them helpful.

Business Insider
The Economist - World News, Politics, Economics, Business & Finance
Asia Edition - Wall Street Journal - Latest News, Breaking Stories, Top Headlines - WSJ.com
Business & Financial News, Breaking US & International News | Reuters.com
Harvard Business Review Case Studies, Articles, Books

Most of all though, before you buy stock in any company, research the company thoroughly, starting with their wikipedia entry. Don't stop there though, know who runs the company, what they have done before, how successful they were, who are the major stakeholders, etc.

Then, start out small. $1000.00 no more, take a punt. If you loose consider it the cost of learning, reinvest gains and go from there.






b0und (hth)

 

[SpyWizard]

gold positions.. if you had any idea just how much we still have in the ground here in the USA.. the world would not allow the economy go to a gold standard..

in 1985 myself and 4 others made 36 gold claims in nevada, the price at the time was $625 oz, the yield of just 4 of the claims if it had been brought to full production at the time would have forced gold prices to estimated $125 oz... that's how rich it was.. the claims were sold to the "International Gold Consortium" who to this day will not and have not brought it into production..

just some 1st hand knowledge... I was responsible for security and testing...

good times..

 

[doublebicep]

gold positions.. if you had any idea just how much we still have in the ground here in the USA.. the world would not allow the economy go to a gold standard..

in 1985 myself and 4 others made 36 gold claims in nevada, the price at the time was $625 oz, the yield of just 4 of the claims if it had been brought to full production at the time would have forced gold prices to estimated $125 oz... that's how rich it was.. the claims were sold to the "International Gold Consortium" who to this day will not and have not brought it into production..

just some 1st hand knowledge... I was responsible for security and testing...

good times..

Interesting. Sounds a lot like diamonds.

Diamonds would be cheap if 1 family was not buying up mines and new discoveries of vast amounts of diamonds only to shut them down.

What happens when we can ecomonically produce gold?

 

[the.gladiator1987]

Where do you buy stocks, whats the best place?

Also what should be the minimum you put into a company when buying stocks?

Im def gonna research some Gold and silver mines, the dollar will crash sooner or later

 

[chewyxrage]

Where do you buy stocks, whats the best place?

Also what should be the minimum you put into a company when buying stocks?

Im def gonna research some Gold and silver mines, the dollar will crash sooner or later

check out sharebuilder.com

$4 trades if you do it on their specific day (I think it's thursdays)


Good thread/idea bound - what's going on recently?

 

[the.gladiator1987]

check out sharebuilder.com

$4 trades if you do it on their specific day (I think it's thursdays)


Good thread/idea bound - what's going on recently?

thanks bro! I will check that out.

I dont know much about stocks but while Im young this is where i can afford to lose some money and take some risks

 

[axismundi]

Please justify and disclose your positions, if need be.


A lot of smart money is in gold now. Also, if China wants its currency to become an international trade currency they will need massive Gold reserves. China&India are increasing their gold holdings. 1373.36 today.



b0und (TIA)

I wouldn't buy a precious metal stock or ETF, if you want precious metals, buy bullion and keep it in your house. Period.

 

[axismundi]

gold positions.. if you had any idea just how much we still have in the ground here in the USA.. the world would not allow the economy go to a gold standard.. .

Eh we aren't really on a gold standard anymore, not since the 70's... in fact, we can't even service our debts with the bullion on hand, and the world knows it... also note that U.S. Currency is issued by the Federal Reserve, not the government. The Federal Reserve is in fact not a government agency, it's a privately owned company. The Federal Reserve Banking System was started with approximately 300 people or banks that became owners.