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Beginning to wonder about legal issues, if any, is at play.
Wonder if the shorts might get squeezed on this one?
Molee, they can't raise rates like in the eighties to combat inflation. Since we now have 30 trillion in debt, a 100 basis points increase (1%) would cost the government or rather (us) 300 billion dollars in interest. Keeo those presses fired up boys, and have plenty of paper and ink in stock.
In 1980 the federal funds rate spiked to 20%, that would be 6 trillion in interest today.
If they just raised rates to historical levels, it would put our interest in the trillions.
I think the chickens are coming home to roost soon.
"They" have been manipulating the metals market for quite a while to prop up the $USD .
Those BS #s released last week put the spin on that the economy is strong enough to handle the rate increases that are coming .
Going to be a real "sh*t show" when they start ...
Stay safe >> M
Molee, glad to know I'm not the only one who found that rather peculiar.
I agree Trunk, and let's not forget the conflict brewing over in Europe. The market seems to be ignoring that situation.
This company did around 180 million gross during Covid….Considering the situation, it’s darn good.
there looks to be very good upside coming in gold and silver, its unnaturally suppressed which actually helps fill some the gaps below and volume fills seemed to have worked. they may do a head fake down, but i think gold is going back to pressure 1850 soon, silver may explode past 25 if the physical shortage continues and aint nutin anyone can do about the shock waves it could bring on the upside. diamond in the rough, both of them. this all should help GPL get over itself and its problems if this occurs.
my guess on BTC, which favors market volume from metals and real productive sectors when it goes up. i think this is the last hurrah for them for a while. the bug out folks will have all they need, and will see more and more go to real safety in gold and silver. especially now that you can get cash for gold in any commercial bank and they have to take it, in case metals dealers get overwhelmed.
An opinion from a blog that I follow :
February 4, 2022 8:57 am
BEA claims that January’s US Jobs Report was astoundingly positive, and the US Dollar rockets higher
Well, we all suspected that the manipulators at BEA in the department of Labor in President Biden’s cabinet would do this. The forecast was for a gain of 150,000 jobs and, despite the respected private ADP research team two days ago giving us a loss of almost half a million jobs in January, BEA reports a gain of +444,000.
Sorry, but not even Hollywood studios would buy this BEA nonsense. Something has to be done.
https://www.investing.com/economic-calendar/nonfarm-payrolls-227
So, it’s Dollar up and Gold down.
Should we have expected anything different? We even joked about this yesterday.
https://www.billcara.com/community/
I'm just confused about something. ADP reported a decline of private sector jobs of 301,000 in January, while the government released their report showing a 467,000 increase in jobs. Can someone please explain how this is possible?
I get what you are saying Trunk, but they are kind of between a rock and a hard place. If they shut mines down to focus on the presently profitable ones, they risk losing employees. In some of the places, good skillful workers may not be easy to come by. Plus, there is no guarantee the price will increase. It should, but it might not.
In fact, they have put GMC on maintenance for now, until they can get their tailing permit. God only knows how the environmental infraction in Brazil has effected that situation. We really need some news on that situation and how it impacts us going forward.
GPS may have been way better off doing what Endeavour Silver is doing right now instead of spending money on other mines. forcing the price up to fair value instead of what a bunch of traders in CME and COMEX do everyday making money on back and forth at same price points waiting to hit their strikes on futures, thats if you have cash on hand to wait.
Stock price is surely suffering from it.
Irony, I thought we'd hear something about the fine/infractions by now. We may have to wait until the earnings release to be informed. This company has never been accused of overdoing it with new releases.
Sure, not recommending anything of course but a few i find interesting currently and am a shareholder of:
GORO :At 52 week low, pays 2% div, produces 40k oz gold , market cap 120 mil
USAS: 128m mkt cap, US and Mexico mines, 3 producing mines and 2 exploration.
BKRRF :explorer with some excellent results and could be a good producer. To me q little expensive but i still own some because they might have a huge find. 100m mkt cap
More speculative even smaller cap plays:
HAMRF : 17m mkt cap. Could be a great silver
mine. Good drill results. Very low cost currently . If silver goes up i could see a buyout.
ROVMF: Gold explorer. 3m mkt cap. Theyve had some good gold finds. If provable they will be worth 10x this share price overnight i think and will probably get bought out.
These are a few but there are many many more good picks.
Care to name a few?
Without any news of drill results or dismiss of fine…..ya know
Sitting in my position here. No more buying for me here now. Buying up other more stable miners. Alot of good undervalued ones out there
I see Garofoldem is out pumping his s ham.
Great Panther Mining (GPL)
0.1986 ? 0.0402 (25.38%)
Volume: 7,616,051 @02/02/22 8:00:00 PM EST
Bid Ask Day's Range
- - 0.19 - 0.208
GPL Detailed Quote
I feel like .20 is pretty much bottom prices. Its been holding steady. Any word on those fines?
He is beyond what he can control. It’s over. We just have to wait for the investment world to realize how bad it’s gonna be.
Trunk, I really wish the Fed would go back to simply releasing their decision and the written statement, like they used to. Every time Powell comes out and does his fireside chat after the decision, the market goes into the toilet. He always says something that spooks everyone. Basically, he said he was basing his decisions on the data. Why can't they just do that in their statement and have him stay away from the camera, and all of his ambiguous thoughts.
I mean, the guy has been wrong about inflation since it started rising. The media is trying to gain insight into his thinking by asking tons of questions. The fact is, he's guessing, and doesn't have any clue of what is going to happen.
Feds wheels are coming off. Dollar should be cratering any day now.
Well, the fine is payable by January 30th. We should find out something within the next 10 days. I have no way of knowing if they did or didn't do anything wrong. All I know is they had torrential rain and flooding in that area. I know from my own experience here in Illinois, that flooding results in fish kills. It sounds counterintuitive, but heavy rain run-off into streams often causes this.
It sounds like if their independent study found no cyanide cause of death for the fish, then the fine should be reduced.
They likely have infractions, but 9 million? It sounds like an excessive fine since they have a good record of compliance. Just like you, I'll be waiting to see what happens.
Have a good weekend everyone.
Wolf
Man, honestly i hope we get atleast 6 momths of lower prices. I want to accumulate a lot more small time miner plays.
$GOLD & SILVER SHORT SQUEEZE: Mining Stocks Explode Higher As Short Squeeze Underway!
January 19, 2022
https://kingworldnews.com/gold-silver-short-squeeze-mining-stocks-explode-higher-as-short-squeeze-underway/
$GREAT PANTHER REPORTS FULL YEAR 2021 PRODUCTION OF 105,006 GOLD EQUIVALENT OUNCES AND PROVIDES 2022 GUIDANCE
January 19 2022 - 07:27AM
PR Newswire (Canada)
https://ih.advfn.com/stock-market/AMEX/great-panther-mining-GPL/stock-news/87051233/great-panther-reports-full-year-2021-production-of
Is 2022 The Year For Gold & Silver? If The Central Banks & Private Citizens Keep Buying, It Will Be!
699 views Dec 8, 2021
It’s coming, big time.
Hah not yet! It'll come. I still want more shares in the .20s myself so Im ok with it
Still no love for the panther….Damn
TM thanks; the more volatility the better, the higher GPL will FLY )
Silver up over 2% )
$In GOD We Trust - Real Money - AU Safety 6000yrs )
https://www.kitconet.com/images/quotes_7a.gif?1493417496003
http://www.kitconet.com/images/live/au0001wb.gif
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
Yep, Silver up, but GPL down.
Yes, GPL is undervalued for sure imo
My thought is that all those new shares went directly to cover that huge short position.
I prefer to not be reminded of my trading mistakes ...
Stay safe >> M
I don’t think anyone cares
I don’t think anyone cares
Sinc on stock twists pointed out that GPL could not have been responsible for any fish kills because they don’t actually mine anything.
Here's hoping production goes up and management stabilizes this sucker. Im bought up here in the .20s and holding. Too many other silver and gold plays out there that are cheap to dwell on one!
LOL…. someone was getting the factual information, but not the shareholders.
So is this company
King World is no source for info. Their a joke..
It definitely appears that way! Hope it turns around real fast without them doing anything crazy to further hurt the shareholders!!
The stock price and the timeline of this latest news would suggest that someone has inside information.
Agreed won’t affect much but I suggest to email the company to start releasing positive news as share prices are being wiped down and other junior miners doing a lot better due to better positive engagement with shareholders and positive news release. Just my thoughts.
Thanks
Even if GPL has to pay the fine it is 9 million USD. It would definitely affect their balance sheet but hardly bankrupt them or cause too much damage. I would imagine they may look at moving out of Brazil if they do though. I personally just doubled my position today at the .216 mark as i think the market cap of GPL should be well above the current 85 million at this price.
I think the damage is already done. As we do not have any MM support, expect a reverse
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Great Panther is a growing gold and silver producer focused on the Americas.
The Company owns a diversified portfolio of assets in Brazil, Mexico and Peru that includes three operating gold and silver mines, four exploration projects, and an advanced development project.
Great Panther is actively exploring large land packages in highly prospective districts and is pursuing acquisition opportunities to complement its existing portfolio. Great Panther trades on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL.
For More detailed information, data, charts, graphs, images and video presentations, go to GPL Website and check HR!. IR!.
Latest Updates from GPL CEO Rob Henderson
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Great Panther is followed by the analyst(s) listed below. This list is provided for information purposes only. Please note that any opinions, estimates or forecasts regarding Great Panther's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Great Panther or its management. Analysts may be contacted directly for copies of their reports.
Alliance Global Partners | Jake Sekelsky | +1 646 983 4000 |
Cantor Fitzgerald | Matthew O'Keefe | +1 416 849 5004 |
H.C. Wainwright & Co | Heiko F. Ihle | +1 212 356 0510 |
ROTH Capital Partners | Joe Reagor | +1 949 720 7106 |
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