There is not enough volume for them to justify leaving it open, there is just lack of interest. That is what I gathered from a read today.
This similar sort of thing(Gold mine of a different type) has been happening in Florida where the Mom & Pop motels, shops etc.. get pushed out. One scenario in the past was that the property taxes would be raised based upon what a high rise condo/hotel could bring in, in the way of taxes. Mom & Pop could not afford to pay the astronomical tax bill, so would be forced to sell.
No Big Horn is right. Get some insurance, 20 years from now you will be glad you did, unless the government sells us all to foreigners, like the one in DC.
Damn interesting story, this story sounds like a taking to me. Once again the heavy hands of the Federal Gov't in action. God what has happened to this country?
Last time around I sold it for a small profit and I bought it back just a little too soon, I should have waited. It appears the dollar index has hit a recent low of 96.85 twice, once yesterday and once today, if that is of any consolation. Perhaps my best bet on the AUY trade was to just break even and catch it later. In the meantime I still hold.
I could of made 1.01 on 500 share of auy today. Seems like the MM knows the price I paid and will not let me make a sale in the green. now it has dropped a dime. Ugh!
I guess the banking cabal will make darn sure of it or will it? it is only $115 below. wish they would hurry it up.