Working in a marketplace with long lead times and large capital expenditures requires patience and fortitude. Capital seems to flow like water with very little return coming from it. If, however, an investor is willing to stick out the long lead times, or happens to time the development cycle correctly, large veins of profit are likely.

Capital Gold Corp., a gold production and exploration company, works to extract gold from its El Chanate gold property in northern Mexico. Positive recent news has found that a former partner company has decided not to exercise its one-time “back-in option” for this mining property - allowing Capital Gold to move forward with future plans.

The company appears to have a fairly stable operation running with its El Chanate gold property. An average monthly output of 4,200 oz. has enabled the company to assess its position and make plans. Organic growth is the key element of

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Beazer Homes USA Inc. (BZH)I was watching the housing stocks back in August and September of 2007 when they were falling to new lows everyday but switched out of the industry in favor of banks, autos and financials. But after seeing an old name reaching a new low after-hours, I started to re-examine the old names. Still Going Lower I shouldn’t have been surprised but all the housing names that I had been short but got out of during short squeezes are pretty much all much lower now. Stocks like DR Horton (DHI), Lennar (LEN), Centex (CTX) and Beazer Homes all reached new 52 week lows today. Beazer Homes Worthless One of my favorites over 9 months ago was Beazer Homes and this stock has fallen so far that there is barely any market capital left. And the analysts that cover the company are ...

We are just at the beginning of Q3 and earnings calls for Q2 will be coming from this week. I think widely expected is especially General Electric (GE) on Friday. GE shares closed last week on five years lows on credit concerns. Here are major events for the week.Monday:Economic NAEarnings NATuesday:Economic Pending Home (-3.0%), Wholesale Inv (0.7%), Consumer Credit (7.0B)Earnings Greenbrier (GBX), Pepsi Bottling (PBG), Alcoa (AA)Wednesday:Economic Weekly CrudeEarnings Acergy (ACGY), Wolverine (WWW), AAR (AIR), Shaw (SGR)Thursday:Economic Weekly ClaimsEarnings Chattem (CHTT), FC Stone (FCSX), Progressive (PGR), Marriott (MAR), Infosys (INFY)Friday:Economic Import / Export, Trade Balance, Michigan (56), Treasury BudgetEarnings General Electric (GE), Rockwell (COL)http://stockweb.blogspot.com/atom.xml

If you haven’t heard yet, then you probably will some point on Monday: Japan’s benchmark Nikkei 225 Stock Average closed in the red on Friday, marking its 12th consecutive decline, the longest since a 15-session losing streak in April-May 1954 during a time of “economic uncertainty” after the end of the Korean War. However, the current losing streak is likely to end over the next day or two, as buyers emerge and tip the close into positive territory. No plunge protection team at work that we know of and largely unnecessary, because even though the Nikkei 225 has declined just over 8.5% during the losing streak, over half of the losses have been limited to double-digits, with most of those being very small in percentage terms. That said, we’re not expecting a strong bounce back, although maybe, perhaps a gradual one, since recovering even 14,500 remains a big hurdle. Know that there’s ...

Despite a key endorsement by the American Cancer Society for EXACT Science’s (EXAS) stool DNA-based colorectal cancer screening test earlier this year, the stock continues to languish at multi-year lows on light average volumes. EXACT is expected to finalize its FDA protocol for the V2 technology of its test to gain the agency’s approval and also engaged Leerink Swan to explore strategic alternatives over three months ago. In April , the Company submitted its pre-IDE study protocol to the FDA for a de novo 510(k) filing of its V2 technology. I expect the FDA protocol to be finalized soon, resulting in the filing of a 510(k) application with the agency and the potential for a lucrative partnership deal for this test to alleviate funding concerns and bolster the dwindling cash reserves of $9.5 million.

Recent reports suggest that EXACT is now planning to make the latest version of its …

It is always amusing to see the end of the day gain or loss in the indexes, and how it sometimes hides the wild action of the day. Today was one of those days - we gapped down (bearish), rallied from what appeared to be a test of support (bullish), gave that all up and tested new lows - 1260 (bearish), and then reversed and rallied to the highs of the day (bullish). For all that action and headache, it just took us back to right near where we closed yesterday. But it scared and/or emboldened traders multiple times, in completely different directions. Absolutely nuts - as they say in bear markets neither bulls nor bears have an easy time making money (the strongest rallies are usually contained within bear markets, but they are sudden and out of the blue).Here is a ...

MBIA Inc. (MBI) and Ambac Financial Group, Inc. (ABK) have been at the center of the credit and housing crisis as insurers of sub-prime, sub-A loans, and prime housing loans. Analysts continue to drop the earnings estimates and the stocks themselves fall to new lows weekly. MBIA Inc MBIA fell to a new 52 week low on Friday as the market continued to struggle and the bond insurer saw its earnings estimates decreased during the most recent week. Surprisingly the company has not slashed its dividend which is still at ...

Week 46 Major Position ChangesFund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual ...

Financials continue to feel max pain as major banks continue to be hammered by selling. The exotic forms of investment continue to haunt those firms who were careless and did not handle risk properly. Selling has spread throughout the rest of the market as Crude Oil prices race higher. We are also seeing Grains and Agriculture futures point higher as well. These markets have and continue to signal higher inflation. The markets haven’t quite seen a peak in fear, a washout of the markets is highly likely. Along the lines of a washout will more than likely be proceeded by crude oil entering in superspike mode. The market is in chaos mode and can not be trusted. Financials might continue their trend but the short trade has become so obvious a sharp covering rally could wipe you clean. So few stocks are working ...

Monday the NASDAQ undercut its most recent rally attempt’s lows reseting our confirmation rally. Tuesday’s action failed to re-ignite a new rally attempt. Volume was on the light side as NASDAQ volume fell roughly 2% while on the NYSE we saw higher volume. This market continues its “no man’s land” path. Overall, this market does appear to be a bit oversold at the moment and good news is that we haven’t been able to accelerate to the downside. However, upside seems a bit LAME! Until a clear direction in this market is set, its best to step aside and let others waste their time. Times like these the greats would be having a vacation. The lack of interest from large institutional players leads to lackluster markets like we have here. So many stocks are breaking out and failing that it leads me to ...