Will an actual break of support be met with the same fate(400 ton dump in minutes) as the collapse of $1525 in April?
$1525 support encompassed a 16month distributional trading range, while the current trading range is only 6 months old. So it's possible that such a breach if it occurs will be a bear trap,especially if it is not confirmed by commodities and oil. After all 6 months (reaccumulation?) isn;t enough to declare the bear dead but it can send him into the ICU of the bull recovery clinic.
With all technicians' eyes fixated on that level, how can it help being the sledge hammer of the Fed & its bullion bank bullies? IF THEY CHOOSE They read charts too you know
So the final trading of the year could be scary for overweighted AuBugs like me.
Here's Hoping HumBug are postponed
now comes the heavy lifting & the prospect of unloading my 9900 shares @ a fair price!
we still have 2500 shares offered @ $7.00 so ffor me to exit will require news!
transfer of control?
who knows but change is called for the status quo can't be allowed any longer
and became $5.25-5.69 not even SHOWING MY OFFER
how's that for a crooked mkt.bobby?
a mkt well suited to your operating style
1900 shares trade .25cts BELOW the shown $5.50 bid
the 2K bid was never even displayed
the same thing happened yesterday whe 1300 shares traded below the $5.45 bid
yet bobby prefers the OTC.BB over the transparent AMEX exchange
a well-suited preference given his unethical inclinations
what no takers of the measly 100 shares offered @ $5.69 for days?
vulture buying rewarded by weak longs
Sentiment: Strong Buy
where a co claims to be a public co whereas in reality it is a QUASI public co which exists as the personal fiefdom of a greedy corrupt klan of bullies .
where the fallen , former AMEX listed, dividend paying highly liquid co, go to die ..the OTC.BB register of shame
as the $5.45 bid did yesterday?
what an exchange
bobby endorses an OTC.BB exchange over an AMEX listing to save $500K? save for himself & the Ginsburg klan, aka GCK
buy on weakness changes are afoot only my hunch DD required
not necessarily we're a long way from an inverted yield curve
tapering if it happens most likely will drain money from other financial assets
money mkts? equities? the $$trillions$$ already created will find a resting place where it's treated better.
just as the 1980's never morphed into deflation but disinflation
we'll have disintermediation a redux from the 1970's when the mkt traded off of M1 releases & now is fixated on taper talk
never doubt the mkt will invent another scheme to manipulate mkts
there is liquidity to some extent today making it less painful to exit before the 25th Anniversary Party
as for me my 10K sale awaits bobby's exit
of who/why caused the kamikaze attach on $1550 AU? ( 400 tonne sale in 30 minutes)
what we do know is the effect!
2013 will go down as the 1st DOWN year in AU's bull mkt
2013 will go down as the 1st year that AU BROKE a previous year's Lo (not even in 2008)
what we don't know yet is "whether a new secular bear mkt has unfolded"
we may not have to wait for more clues if $1175-1180 support fails
we might get an answer yet this year
If the FED was the culprit & even Indian brides ,Chinese housewives & repatriation of phzz can't rout the rout
while bobby & the KLAN rake in $$MILLION$$$
look at the current state of our co
of the $$millions$$you syphoned out of the treasury what have you left us?
what will you do with your shares?
when will you cash out?
buy the few 100 shares with your pocket change and give us a new 52 week hi for christmas
offering with it the possibility that the inflation hedge rug could be pulled out from under $1180 AU
Trading barely above the #500 level,, a P&F sell level,we find it testing for the 2nd time a 50% retracement level of the move off of the #2008 lo @ 330 to its cyclical hi @ 690. ( AU @ 2.40 x's the CCI hovers @ a double bottom also)
of course only a fool would rely on one factor, especially of only technical significance,to base investment decisions, but there it is! and there went the HUI
DD as required
may the fat lady be held up in traffic!
After conspiring against the mining industry through its hedging program throughout the 90's & well into the new secular bull mkt fin AU,( which cost it $5bil to unwind),it now seeks an alliance with the Vampire Squid joining desperate Venezuela in sleeping with the enemy!
May the GS Trojan Horse trample them
GS's $1050 AU seems all but assured now
as GS casts an ever widening noose around the global financial mkts & political institutions.
any signs of cont'd economic growth crushes PM's when in the past such growth led to rising inflationary expectations, higher interest rates and lower equity prices, & higher prices for inflation hedges.aka AU !
but not in the 'NEW NORMAL"
Good news is good for equities... Rising $USD$ is good for equities
Bad news is good for equities.... Falling $USD$ is good for equities
No news is good for equities.....
and all this alchemy leads to no uptick in commodity prices to reflect higher demand ?
the supply overhanging the mkt must really be excessive as well as unutilized industrial capacity
disgorging must be rampant
or maybe that infamous Russian economist hgot it right after all
yesterday was the day to sell if that was your intent
today,you'll get your head served for Thanksgiving by the turkeys that run this co