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Golden Minerals Company Message Board

  • jmsmttly jmsmttly Jun 4, 2012 7:32 PM Flag

    $3.40 Was BS

    Who do they think they're fooling with their games?

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    • "Who do they think they're fooling with their games?"

      No smart investors, that's for certain. Shorts smacked down the price further. That's all, but, IMO, the weaks hands are already gone. Sure, there are the traders and algos, but I believe the cheap shares are mainly gone, that only an institution could make for a cheap exit for shorts, and this at a considerable loss. Who, that's not stupid, whacked, or hates their job, would do such a thing? Investors, who are likely to want to make a profit (duh), add to positions or hold at these prices.

      It was interesting. AUMN was on some hedge fund "distressed stock" list. Now, a distressed stock is generally a company in trouble, often bankrupt or nearso. Here you have a company with no debt, a pile of cash, pulling precious metals out of the ground, and the stock price got low enough and shorted enough to be called "distressed", a "distressed" buy, when the company, itself, isn't in the least distressed. Truth is stranger than fiction.

    • Betcha Rick Rule added there. I know I did.

      All the people with buy orders in the 3s will be raising them to bids with a 4 handle.

      Shorts are toast. China has been importing 60-100 tons a month since last summer. By the end of the decade they'll have a lot more gold than that child molestor deadbeat Uncle Sam at this rate.

      Your just not going to see a lower gold price with China determined to become 1st world financially (GOLD) not to mention all the other factors bullish for gold that are too numerous and tedious to list.

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