You funny guy whose life's energy is derived from scaring people. After 15-17 % increase in a few days, today reaction is THE right time to reload/buy more. if you have any brains left you are buying around 4.40....and now go back to your Mom's basement.
Makes sense. As you say " the macro's are accelerating the process", so if gold cooperates the pressure to cover may get intense.
Thanks a LOT !!!!!
Can you educate me about advantages of shorting against the box in this situation? It is a neutral position provided equal no of shares are involved. I would see this applied to when you have gains and you want to postpone paying capital gains while lock8ing in the gains.
I would really appreciate your view on why BMO would be shorting against the box at this point.
Thanks a lot.
from the first of the year:
GSS up 279%
HUI, XAU, GDX, GDXJ up between 110-120%.
The insanely low market cap will soon be corrected. Just a matter of time. We need ok 2 qtr results, good guidance with gold over $1300.... and we are set.
I fail to see why there would be, at this point, any conspiratorial effort to keep GSS at the current price level. BMO dilution deal is way past as is their right to exercise over allotment. Anyone who thinks otherwise, can you pls explain it in detail. What am I missing.????
Does anyone know if any portion of the 3.4 million shares have been excercised?? No news from the company, right?
Realize that since the Jan1 , 16
GSS is up 264%
HUI is up 113%
GDXJ is up 115%
so relax and give GSS a break it needs to consolidate....It will outperform most everyone on the next leg up, perhaps starting tomorrow....a few days of 5-20% gains and all the negativity will be transformed to praises.
If we had a massive volume after hours, ok, but take today as an example. 200 shares ($130 trade) traded that took the shares 2.5 cents down and changed the market cap by 7.5 million with no news??? get real !!
Will see soon but I would bet they have. It would be difficult to buy 3.4 million shares at an open market at this point w/o driving the price way up. Any smart money would have bought it even when GSS shares were under pressure the last 4 weeks.....
Sentiment: Strong Buy
Absolutely not. GSS potential, if you believe gold is going up 20-40% over the next year or two, is such that $1 offer that represents about 60% premium to todays price, will be small to what GG will do. I have waited far too long to give up for that kind of increase. Just recall that we had a 300% increase in the last few months...and that is just a warm up. I am NOT in GSS for this kind of jump.
Sentiment: Strong Buy
Gold Fields Ltd. said it is interested in buying AngloGold Ashanti Ltd.’s Iduapriem mine in Ghana as the precious metal producer seeks to increase output from West Africa by about two-thirds to 1 million ounces.
Gold Fields is also looking for opportunities to buy mines in Mali, Burkina Faso and Senegal, the Johannesburg-based company’s vice president for West Africa, Alfred Baku, said in an interview in Ghana’s capital, Accra. AngloGold said it doesn’t comment on speculation around its assets.
“We are interested in Iduapriem mine because of its geographical location and
nearness to our Tarkwa mine,” Baku said, referring to one of the group’s existing mines in southern Ghana. “We believe that it’s logical for us to develop the two. We will be happy to get it.”
Gold Fields’ Tarkwa is the bigger of the two mines, producing 140,000 ounces in the first quarter of this year, compared with Iduapriem’s 46,000 ounces. Gold Fields said in February it is looking to buy assets in the regions where it already operates as it tries to increase metal output and lower costs.
AngloGold, the world’s third-largest miner of the metal, has taken the Ghanaian government to an international arbitration panel over its failure to secure its Obuasi mine, which is not currently producing gold, from illegal miners. The problem has not affected Iduapriem and Tarkwa, which is about 150 kilometers south of Obuasi.
“If you look at the challenges that AngloGold is facing in Ghana, there may be some who will be skeptical about such a move,” Sibonginkosi Nyanga, a Johannesburg-based analyst at Momentum S.P. Reid said by phone. “If you look at the Ghanaian environment, it is not easy to operate there.”
Gold Fields reversed gains and closed 1.6 percent lower at 60.83 rand per share in Johannesburg. AngloGold fell 0.4 percent to 235.18 rand.
AngloGold’s Chief Executive Officer Srinivasan Venkatakrishnan previously said the company wasn’t under any pressure to let go of assets.
Sentiment: Strong Buy
The FRB is out of ammo and the criminal manipulation is nearing its end. They are desperate and may or may not raise rates.
1. If they do raise rates it is NOT because the economy is recovering and needs cooling down with higher rates. It would be done so as for the FRB to save its collapsing influence or else there is a real danger it is bei9ng rendered impotent. You can keep using a lie only for so long. I strongly believe gold shall soar if they raise rates. Just like last time, it took 48 hrs after the rate hike before gold started heading up .
2. If they stay put on rates, their credibility is shot with an implied confirmation of what is self evident and that is the US economy along with the global one is heading on a collision course with history. In this case gold soars too.
3. well, the third possibility is lower rates, negative rates. That of course is not in the cards for this time but I strongly bel8ivee we are heading that direction. That is the time gold shall go bunkers to the upside.
Sit back and relax. Our bet will pay off magnificently as we hold a CALL on higher gold price. GSS shall enjoy a market cap of at least $700-800 million with gold at $1700-1800 and $1 billion++ when gold hits $2,000 and it shall. The nos are very clear.