Monday, June 09, 2008

Jim Dines Update

A new Dines Letter was published over the weekend, covering all the usual suspects......with all the usual predictions and supporting observations.


Gold: "Our long-term target for gold has been between $3,000 and $5,000 an ounce.....the long term rising price of gold is following what we call "Trajectory Analysis" tending to confirm our view."


Commodities: "The fact that the commodity boom is widely called a 'bubble' is a factor in deciding that it is not one yet. Dinesism #20 (DIBUBBLE) states that: 'Bubbles are invisible to those inside the bubbles.'"

Oil: "Short-term setbacks aside, for many years we have been looking for the price of oil to rise 'to infinity' when the oil, at last, inevitably, someday, runs out. Forever."

Uranium: "Many uranium-mining companies are selling at amazingly low levels, acting as if there will never be another uranium power plant built, but the world has no other serious choice for the next few centuries, and it is not helpful to keep delusioning about 'renewables'."

Politics: "If God had wanted us to vote, he would have given us candidates - Jay Leno"

Stocks: "Bullish, unless March lows are taken out."

A

9 comments:

Anonymous said...

Do you find this fellows analysis to be generally accurate and fair?

-Matthew

Allan said...

Matt,

Dines, although not exactly the Oracle of Delphi. is a sound market technician.

A

Anonymous said...

Food Prices going up....is NTRZ still on your list?

Allan said...

Nutracea (NTRZ) continues to invest in it's future, pushing the payoff for us current shareholders further and further up the road. My source on this stock says there is now light at the end of the expansion tunnel and $2 a share is within sight. My plan is to double my position in NTRZ when it breaks out of it's extended downswing on the weekly chart. That looks to be up in the area of 80-85 cents, for now. Meanwhile I am holding what I already own, having waited patiently so long and seeing the compelling original story still in tact.

A

Anonymous said...

Agreed...I just had not heard mention of it...good news recently but still under consolidation.

Anonymous said...

"You can expect stock prices to skyrocket more than 1,000% on a uranium price spike that could occur within the next 24 months." -- Dines

This is a pretty unambigious claim. I've been to presentations recently about (some)European countries phasing out thier nuclear power, but I know nothing about the Asian market.

Anyone here investing in Uranium?

--Matthew

John said...

Matthew,

I invest in uranium mining companies but they are all underwater now. Subsequently, I quit the Dines letter and thus I don't know if your quoted comment is from the most recent letter?

Allan,

If Dines was such a sound market technician, he would have had his readers out of certain stocks after declines of 60-80%.

John

Allan said...

John,

I said Dines is sound, not perfect.

I post a lot of ideas on this Blog, many of them are very profitable soon after my posting, but some of those don't hold up forever. I almost never advise selling, so knowing you aren't going to get the exit order from me, you almost have to rely on yourself to manage the trade. That's our deal. I'll lead you to some good ideas, you take it from there.

A

Anonymous said...

Allan, thank you for leading us to those deals. It's a gift that you are motivated to help us learn and help us further our own lot. I wish my comments were of more value but I am very new and have so much to learn. I appreciate nothing more in life than improving my understanding and those who assist me in such.

--Matthew