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Golden Star Resources, Ltd. Message Board

starz4300 13 posts  |  Last Activity: Jun 8, 2016 8:16 AM Member since: Sep 7, 2001
  • From JS Mineset - Now this is a REAL Gold Fund!

    A year ago February, Bank of Montreal announced plans to start a physical gold fund –

    http://www.reuters.com/article/us-bank-of-montreal-gold-idUSKBN0L80BQ201…

    – and today the bank filed a prospectus with the U.S. Securities and Exchange Commission signifying intent to stock the fund with $500 million of gold, to denominate the shares in ounces, to vault the metal at the Royal Canadian Mint, and to give investors the option of withdrawing their investment in real metal:

    http://www.sec.gov/Archives/edgar/data/927971/000121465916012033/d63160s…

    The prospectus provides a few interesting and even amusing details:

    – It cautions that the “official sector” is active in the gold market and can affect prices, an acknowledgment that will never make it into any reports by mainstream financial news organizations.

    – The fund will not insure its assets, trusting the Royal Canadian Mint to protect them.

    – The fund is structured separate from the Bank of Montreal so that its assets will not be vulnerable to claims by creditors against the bank.

    – And — the amusing part — the fund seeks to eliminate “derivatives risk (i.e., the use of unallocated gold, gold certificates, exchange-traded products, derivatives, financial instruments, or any product that represents encumbered gold),” as well as “‘empty vault risk’ or gold bullion lending risk (i.e., the practice of the gold custodian lending, pledging, hypothecating, re-hypothecating, or otherwise encumbering any of the investors’ underlying gold bullion).”

    Imagine — a bank warning against the shady practices in the gold market of other banks. While that’s something else that will never make the mainstream financial news organizations, at least the word is getting around anyway.

  • Reply to

    Market cap for GDXJ

    by brownnick432 Jun 3, 2016 1:03 PM
    starz4300 starz4300 Jun 5, 2016 9:02 PM Flag

    I've read on the Van Eck website they can re balance every quarter. I've reviewed their holdings every week since 1/1/16 and I didn't notice any change in holdings. For example they hold PZG and the amount of shares hasn't changed. Whether or not they get begin to buy GSS we won't know until 7/1 and beyond. GSS does meet the minimum market cap of $150M. I've been buying the 3 top holdings, BTG, AGI, and AG on every dip and doing quite well. I guess I'm a "front runner!"

  • Reply to

    Scapegoat 5/25/2016 Bill Holter

    by studebaker1940 May 26, 2016 6:53 AM
    starz4300 starz4300 May 26, 2016 8:44 AM Flag

    I've been short DB a few months now and when I read about the debt downgrade I was eagerly anticipating the plunge in share price. Of course its up about 5% since the announcement, go figure! I'll be looking at some puts today if its up. I'm sure the big boys are churning it higher for the plunge coming soon.

  • starz4300 by starz4300 May 20, 2016 9:08 PM Flag

    Charts and TA mean nothing to a penny stock so stop all the BS. Moreover I suggest Charts and TA mean nothing to gold stocks at this time, the capitalization is much too low and there is no substantial institutional or hedge fund ownership, yet.

  • Reply to

    I did not read the Fed minutes.

    by handline May 18, 2016 4:46 PM
    starz4300 starz4300 May 18, 2016 9:42 PM Flag

    I agree 100%, a call option without maturity. I learned my lesson years ago to always keep some dry powder for days like today, unfortunately was out on appointments all day but I will look to steal another 10,000 shares tomorrow. Ironically todays volume was low, who the heck was selling??
    I ask that question every day, who is selling?? Even if you bought at the very low, why sell today??

    Makes no sense

  • Reply to

    BMO

    by starz4300 May 8, 2016 8:43 PM
    starz4300 starz4300 May 9, 2016 8:37 AM Flag

    Rigged it is, typical Monday overnight hammer of gold and silver.

  • starz4300 by starz4300 May 8, 2016 8:43 PM Flag

    Many interesting posts since the announcement of this deal and speculation whether BMO was capping the share price. Seems to me if I'm BMO and with it's due diligence buy at $.66 which was below the market price at the time I would want the share price to increase especially to take advantage of the additional available over allotment shares. The newly created shares will be transferred to BMO directly and not trade on any exchange. Over the next few years this purchase can be a 10 bagger for BMO the way I see it.

  • starz4300 starz4300 May 5, 2016 2:54 PM Flag

    It is BS with the vast majority of the US debt financed by short term notes and bonds any increases in the 5,7 or 10yr treasury will increase debt payments significantly.

  • Reply to

    $.02

    by wild_gold May 4, 2016 4:50 PM
    starz4300 starz4300 May 4, 2016 5:34 PM Flag

    looking forward to the CC tomorrow morning 8:30am. Great news on the increased Prestea Underground Development estimates and that is still using the assumption of $1,150 price of gold next year!!

  • Reply to

    Thursday's conference call.

    by deaconbill May 3, 2016 11:38 AM
    starz4300 starz4300 May 3, 2016 12:12 PM Flag

    It's been 10am in the past however I see the annual shareholder meeting begins at 11:30am rather than 1pm like last year. I doubt there is anything meaningful with the times. This time last year the Royal Gold deal was announced.

  • Reply to

    Interesting bought deal

    by liambert Apr 28, 2016 8:16 AM
    starz4300 starz4300 Apr 28, 2016 8:38 AM Flag

    If there is a pull back this morning I'll be buying as this may be the last opportunity to buy at dirt cheap prices.

  • starz4300 by starz4300 Apr 11, 2016 8:31 PM Flag

    With another $13M added to market cap look for GDXJ to start accumulating.

  • starz4300 by starz4300 Mar 31, 2016 9:18 PM Flag

    Stole 10 today at $2.03.

GSS
0.6345+0.0435(+7.36%)Jun 24 4:03 PMEDT