Tuesday, June 30, 2009
Sunny Weather for the Eureka Fourth!
It is 5:45 AM and the coffee machine just beeped. Looks like the National Weather Service predicts sunny weather and clear skies for the Fourth! The markets are pretty quiet on this holiday week so the ole Colonel thought it's a good day to introduce some exciting new features for the Report. Eric Pastorino has created a blog site for Mountain View Estates which I have included in the "Discover Eureka, Nevada!" section to your bottom right. The headline photo today is a panoramic view from 10 prime view lots at the northwest end of town that he and his brother Dave have been busy preparing for sale including over 1000 feet of new sewer line. Check it out!
At the bottom of this page you will find real time stock quotes together with live updates for 36 domestic stock and international stock markets. Let's say you wanted to track General Moly performance throughout the day. You would type 'GMO' in the stock quote window and the price quote will appear alongside the ticker symbol. If you place your cursor over the symbol, a minute-by-minute graph appears of general Moly's price performance during the trading day.
If you wanted to see how Eureka Moly's major investor, POSCO, is doing you'd add 'PKX' to your stock quote list. Since POSCO is a South Korean steelmaker, you can track that country's stock market, the KOSPI, by looking for the Korean Flag in the list of major markets. How cool is that? Who needs the Colonel anymore? Shucks, I'm going fishing.
Before throwing a line, let's walk the walk:
Oil is down $0.46 to $71.03 in early trading (August contract); Gold is down $4.2 to $936.5 (August contract); Silver is down 0.005 to $13.970 (September contract); Copper is down $0.009 to $2.3170 (September contract); Molybdenum is steady-eddy at $10.58.
The DOW is down 103.77 points to 8425.61; the S&P 500, down 11.11 points to 916.12. The miners are mixed:
Barrick (ABX) $34.04 down 2.61%
Newmont (NEM) $41.52 down 1.91%
General Moly (Eureka Moly, LLC) (GMO) $2.34 down 0.43%
Freeport McMoran (FCX) $50.83 up 0.99% (a bellwether mining stock spanning gold, copper & molybdenum)
Steel stocks are down (a "tell" for General Moly):
Nucor (NUE) $45.00 down 0.55% - domestic steel manufacturing
ArcelorMittal (MT) $33.24 down 0.36% - global steel producer
POSCO (PKX) $83.03 up 0.55%- South Korean integrated steel producer
The Eureka Miner's Grubstake Portfolio is down 0.60% to $999,465.25.