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9/30/09

Trading Post (Joachimsthal edition)


The valley of Joachim, Joachimsthal, is a place now located in the Czech Republic. In the 15th century, very high grade silver veins were discovered there. The mines were run by the Count of Slik and the coin minted there was named after the location and called the Joachimsthaler, later popularly shortened to simply 'Thaler'. The Thaler quickly gained a reputation as an uncorrupted and reliable coin and became popular all over Europe. Its name was linguistically corrupted by some country languages. In Denmark, for example, it was known as the 'Daler'. With the discovery and population of the New World, the name of Europe's most reliable coinage was adopted for its new money. It's still around today, we call it the "dollar" and it's the one and only driver of the metals market today, September 30th 2009. Follow the USD index today, folks, cos the rest is just noise.



Troy Resources (TRY.to) up 5.2%
at C$2.02. The rot stopped overnight in Oz and the Canadian listing is following its leader today. Volumes lowish.

Colossus Minerals (CSI.to) up 21.3% at $5.87. Welcome to the world of the junior miners, CSI.to newbies, enjoy the religious experiences on offer in the weeks to come. Contrary to rumour, CSI.to does not have a new bizplan of "drill every 5cm and extract the total orebody via drillcores". Avoid like the plague.

Dia Bras (DIB.v) down 2.1% at $0.235 but has made great strides in the last week or so. The newsflow is coming thick and fast, a sure sign of insiders safely installed and where they want to be. I own and I'm a mile up already, so DYODD, dude.

TheNewCrystallex (EC.v) down 1.1% at $0.47. Still no permit? LOL! Joke stock run by bullshitters for idiot dreamers only.

Crown Point Ventures (CWV.v) down 12.7% at $0.55. I was asked yesterday why I wasn't crowing on this stock, as we picked it here at 35c and then later in the low 40s. The reason is the bid/ask spread, cos even with nearly 200k traded today the bid is at 55c and the ask at 60c...not exactly liquid. I own a few (not many, just a few) and I'm aiming for loonie on the crapshoot. DYODD.