johnny ... don't knock those Times Watches. I gave up my Proctology practice after losing so many Rolex's. Sure wish I'd been smarter and wore Timex those days!
I gave it a quick look and read the news article on their 43-101, got suspicious, and then went to the website and found this.
"The British Columbia Securities Commission (BCSC) has published a notice to the effect that the National Instrument (NI) 43-101 report issued in respect of Mission Mining Company’s Gold Star mine in Esmeralda County, Nevada, dated November 11, 2013, as authored and published by Zivkovic Geophysical Investigations, LLC, does not comply with regulations and / or standards regarding NI 43-101 reports, as published by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)."
"As a result thereof, Mission Mining Company has removed the above referenced report as received from Zivkovic Geophysical Investigations, LLC from the company’s website."
Typical pump and dump setup. Run as far away as you can from this one.
I'd agree bonanza needs to include history in his bank of knowledge, but you also need to extend your research beyond 1970 to understand Nixon only changed the terms of a fiat currency, rather than remove us from a gold standard we weren't on to begin with.
If it is paper ... it is fiat.
Gold has been a measure of wealth long before the concept of fiat currencies became a reality. It's been the currency of choice for far longer than you care to research, and has never been the vehicle used to finance even the most silly of speculative bubbles. Fiat currencies produce these excesses ... and so do shells and tulips.
Where do you see the birth that measures gold and silver? Perhaps you prefer Tulips and dismiss those who saw the worthlessness and stupidity in such madness.
Bubbles run the duration of 20 years and gold and silver have always been there for each that has ever happened. It has always been followed by a 20 year cycle before the next experiment in wealth commences ... century after century.
The only time a fiat currency lasted for a respectable period of time was more than 2000 years ago in China. They finally gave up on it not because of the abuses we see today, but because they could not figure out how to stop the inflation it produced. Go figure ... eh?
You mention 1970 to 1980 as a measure of historic limits. Do you really think the fiat currency Nixon abandoned out of necessity when Charles DeGaulle came knocking on his door wanting silver for all the USA Silver Certificates (dollars) he held in hand, was the beginning of this cycle?
Bubbles run an average 20 year cycle, be it gold, tulips, shells, housing, or technology. They end when everyone, absolutely everyone is shaken out due to a crash after insane exuberance.
Look around, johnny ... we're not anywhere near that yet. It will happen sooner or later, but $1950 did not come close to bringing your pizza delivery man into the PM's. Until it does ...
/ Ukraine may blow over but China won't."
Both issues are for the longer term my friend.No way is the Ukraine situation going to die down very soon. Putin will not back down and Obama is now in it too deep to back down either. The Euro Nations are in it neck deep too, and expect the USA to back them up.
This leaves Putin as the only one capable of diffusing this situation. It ain't happening.
Obama finally put on his man pants, and it's way too late.
What's he going to do now ... retract his apology tour? lol.
I don't see war as a serious possibility yet, but tit for tat sanctions and uncertainty is here to stay for quite a while.
On the gold front ... I'm sure the POG will get ahead of itself due to this issue from time to time and there will be short lived corrections with ever higher lows, followed by a recovery to higher highs.
China? Nope, it ain't going away either. The growth has been too fast for too long and a period of moderation will prevail. Funny how a GDP at over 8% is viewed as a negative in that country ... lol. Most Nations get worried they are over heated above 3.5%.
Yes,I recall a number of friends and acquaintances holding far too long back in those days. Gold was due for a bear market cycle at the time, and the Hunt brothers foolishness in the silver market put the retrenchment on steroids ... lol.
Bull and Bear markets in the PM's historically run 20 year cycles and we're only 15years into this one. The blowout phase hasn't yet occurred in this current cycle and we are nowhere near the peak prior to that 1982 crash you mention.
History will repeat as it always has ...
The only unknowns are when and how high.
I'd say when your waiter or waitress starts recommending which gold stocks to buy, it's time to sell. and not until.
Well ... maybe you should sell and go away? You have nothing of substance you haven't already expressed and none of that has substance ... so why are you here?
brown, I don't know what happened to my previous response to you, it seems Yahoo didn't like it ... lol.
If you don't like this stock ... go away.
I really don't care if you hate me and RBY ... the market will direct my decisions ... not you.
I'm a buyer at this price.
Nope, I didn't expect much. Two or three weeks down the road though, I think the price rises with the POG.
That gold price seems to slowly keep rising as the inept first world governments seeking an export advantage ... race to devalue their currencies.
The only advantage between us and the banana republics is that the inflation that put them there, hasn't yet materialized in the first world. We have far exceeded what they did, and the only reason our currency hasn't crashed. is because of what it's being compared to.
Comforting ... eh?
Imagine that ... our value is being measured because we aren't as bankrupt as them.
Naw ... I don't think it was johnny. While you and he seem to have an ongoing war of words and are constantly berating each other, both of you have experience and knowledge that is lost during these exchanges.
I'm not defending johnny, lord knows he has an ego that insults his intelligence, but I've found that if you respond civilly, he reciprocates and adds valuable information.
Imagine that ... he's just like you and I ... ??? lol.
I'd hope all of us bury the hatchet and agree to disagree. This action might very well prevent some ill advised newcomer to invest into the Rob McEwen myth.
Not to mention the potential for other contributions.
I noticed that the rookie lightweights with no business being in the stock market, gave both of us thumbs down for warning other rookie investors about the RM myth ... so I went and gave you a thumbs up. Hope you do the same for me.
For the rest of you brain dead self proclaimed venues of knowledge, give me feedback instead of cowardly remaining confidential.
Isn't that what these discussion boards are all about?
If you've got something to say, I have no problem with your thumbs down rating. I have a problem with your cowardly silence to explain it, and can only assume you're an emotional idiot pretending your stupid action matters.
Never do I give a thumbs down without a rebuttal.
Rob McEwen is an idiot who's blind luck has made him a wealthy man. If you think he has it to repeat the Goldcorp story ... you're going to lose a lot of money unless you're a trader.
As a trader, you can make a lot of money playing the excesses his followers produce.
He's on the same level as Jim Sinclair ... be consistently wrong and sooner or later you'll have moment when you're right.
In Rob's case, he hit on his first try and he'll spend the rest of his life in failure trying to repeat it ... at your expense.
"Anytime warrants are listed to trade on an exchange ... there will always be a percentage of in the money warrants that expire worthless due to investor ineptness."
Opps ... I forgot to mention that there are other scenarios that might make a holder of in the money warrants knowingly allow them to expire worthless.
The market will decide the PPS of RBY based on the POG. There will be a period of overhang from this bought deal due to selling by the buyer of these new shares. That will last no longer than two to four weeks. Then the incentive will be to see a PPS above $2 a share.
If this happens and the PPS hits $2.30 - $2.40 ... watch that short ratio ... lol!
Do you know why in the money warrants increase the shorting activity?
The potential dilution these warrants represent will also add another $2.00 a share into the RBY cash kitty for every one that's exercised ... so it ain't all bad. Also ... warrants are treated differently than options by the brokerages. If upon the exercise date the holder has taken no action, they expire worthless even if they are in the money. Not so with options.
Anytime warrants are listed to trade on an exchange ... there will always be a percentage of in the money warrants that expire worthless due to investor ineptness.
Did you know that in the absence of consciousness ... nothing has relevance? Did you know that nothing exists until you look at it?
That's right ... since you had your eyes closed in that drunken stupor while giving that ... ahhhh ... pleasure to your son ... it didn't happen.
Ok ... I have received as of this moment ,four thumbs down to one thumbs up.
I will concede and add that if it becomes known that Martians are plucking our best airliners out of the sky, gold will go up to $75,771,632.08 per ounce ... by my calculations.
Seriously, my heart goes out to those families sitting and waiting for the inevitable.
How sad ...