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Bravo mylife4america!!!
Thank you risk, for you thoughts. I appreciate the high level of thinking here.
Very interesting. Thank you for posting that.
Groovey stlsmitty
stlsmitty
Washburn Wes Montgomery with a Bigsby tailpiece. My rocking chair picker. I have about 20 guitars, banjos, dobros etc. I hope SNEY will allow me to increase my obsession.
Please don't call me "najive". I consider that a personal attack which is against Ihub rules. There is no need to belittle or use name calling while discussing opinions.
Very interesting mylife! Good reading! I've read much debate about relinking the dollar to gold and even converting the $ to the Amero .. dragging Canada and Mexico down with us. I like what Utah is doing by condoning gold and silver as a medium for exchange.
My daydream doomsday scenario suggests that as the dollar collapses there will evolve local barter systems whereby bullion coins will be advantageous. Whatever currency develops for wire and cyber transactions I forsee that asset rich stocks such as SNEY will retain high valuation. Some economic armageddon survivalists recommend to actually possess stock certificates as more brokerage firms may go the way of Bear Stearns.
Whatever transpires, owning precious metals, gems and rare earth elements (ie, Sunergy) has got to be safer than a savings account!
Greek bond yield 30% and the dollar is up as Greeks switch into a "safe haven" They must know that the dollar is going Greek. The world seems to think the $ is safe (relatively). Even Jim Rogers is long the dollar. It is a long fuse toward the dollar's demise. QE2 ends in a couple of weeks then we get a collapse of bonds and high rates or we get a remamed QE3. Either way we have a worthless currency and gold will resume it's climb to what 5000, 12,000? And SNEY will rise further with the tide of intrinsic value.
Great posts today Gmarc3 !! Very informative. I was particularly struck by your post #33700 and the video rationalizing 15k gold. That is not an isolated prediction as "Renowned gold expert Jim Sinclair expects gold to trade much higher this year and predicts after 2015, it will be priced at more than $12,500 an ounce" says 321 Gold.
The dollar is up too, over 1%. Greece is falling apart and I suppose the $ is perceived as a relatively safe haven. I'm inclined to side with this guy's sentiment:
"Renowned gold expert Jim Sinclair expects gold to trade much higher this year and predicts after 2015, it will be priced at more than $12,500 an ounce. You should not take Sinclair’s predictions lightly. In 2002, he predicted gold (priced at around $350 an ounce) would trade at $1,650 an ounce by January 2011. Today, it is well over $1,500. In 1974, (the average price that year was $159.00 an ounce) Sinclair predicted gold would top out at $900 per ounce in 1980–it hit $887.50. Sinclair says, “If QE is even slowed down, the net result would be a public loss of control on the part of what is seen as the U.S. economic management.” So, he expects gold will rise because the powers that be will print more money."
Hey Scotia, Don't forget me who got in at .025 a while back and yesterday at.028.
ScotiaNostra.... Precious metals is the place to be in my opinion too. We are in a serendipitous place to get in too. After an early beginning of the summer doldrums due to the rise in margin rates for futures contracts and the Soros sell signal, all the speculator lemmings jumped off the cliff giving us a buy opportunity as prices settle back toward moving averages.
Also I think the world is watching the dollar’s death throes speculating on a last gasp or a miracle cure. Bernanke can’t try a QE3 per se because he is catching flack for the previous QE’s which only enriched the banker/broker elite who started the catastrophe in the first place. But if he allows interest rates to rise the government would soon default on interest payments. Consequently, he has to print dollars no matter what he calls the next QE. The big picture seems obvious: dollar down – gold up. All this as today’s news shows that worker’s pay share of record corporate profits has reached an all time low. I see civil disorder ahead.
But our gold stocks are special situations trading on their own internally generated news. Gold could drop 1000 dollars or rise to 5000 and our mines will still be viable. The Gold index is steady but the miners index has had a hard drop. The gurus are contemplating whether this situation portends further downside in gold or a buying opportunity in mining stocks. I think it is a great time to continue averaging in.
.. banks ? supply side, trickle down, voodoo economics will eventually come to roost and gold and silver bars will be great to have under the mattress. pharmaceuticals ? not while Obama Care presses down on profits. Maybe a biotec mutual fund. And maybe it is time to get into uranium.
But it is absolutely time to accumulate these gold mining bargains. Sorry M T Pockets for drifting off topic.
Welcome ScotiaNostra. I've enjoyed your interesting and informative posts at Pacific and look forward to your contributions here. The two companies are so similiar that it's hard to be in one and not have an interest in the other.
add 2 million that I accumulated since your talley
Nonetheless, this is one day I am twitching from having bought on the ask in the morning. Ouch! I still trust all will work out for the best. The final bond payment is the real news of the day.
I'm selling off my losers today to get more PCFG. Again, I don't mind sitting on the ask whatever is is. I know I am confident I'll recoup my other losses here.
I got mine at .027 and don't mind buying on the ask at all. I'm looking ahead.
Congratulations MT. Your viewpoint has always been informative. I'm glad you're here.
Let me know if you ever need some video shooting/editing for CGFIA. I produce music and videos for children's education and have more than an old Commodore.
You, of course, know that your old Fender is worth more than you paid for it... and that with your 5 chords you are limited to playing only about 15000 songs. Death Metal... I remember my folks saying that Rolling Stone noise was ruffian garbage. Your kid is playing and that is better than many alternative pastimes.
Thank you for your insightful comments. I have been lurking here for a few months and constantly accumulating.
Ha ha. Always. But I'm tuned up and ready to go. I'm at 3 million shares now and buying more next week.
A very interesting explanation ficose. As a musician I enjoyed your music analogy. For a musician on stage, in between songs, there is a lot of noise of amplifiers, line hum, people tuning, page turning, sneezing etc. But when the song gets rolling the noise is inaudible.
CGFIA is now experiencing the background noise of daily market activities as being in the foreground. When the song gets rolling hopefully our focus will be back on the show.
pgilmore, yes, I, too, believe they'll get er done. Good management. I think when gold makes it's next eventual run to 2000 and beyond all ships are going to rise with the tide. PGCF looks like it might leave the dock before many others though.
Thanks for your opinion 9lt98x. No argument, no complaints. I am accumulating PCFG after every paycheck. I am glad I found it even if a little late. Gladly, not too late.
It would sure be nice if long term holders and insiders owned enough of the Outstanding Shares for the float to be low enough for some some significant price appreciation when good news arrives.
2,500,000. 3M by next week and so on
I place orders on the ask. I'm averaging in and know that by October niggling over bid-ask will be a microscopic issue compared to my capital gain.
I found the "milestones" of interest. Yes, I've seen it before, but some people need reminders. I'm in Orange County CA. For the price of dinner for two at a nice restaurant I can buy shares of gold in the ground. One certainty is that the cost of dinner will go up as will the price of that gold. It's a no brainer.
Repition of facts never hurts. I pulled the trigger again today with my weekly buying program.
Thanks guys. I'll wait and keep averaging in. Sign me up for the road trip.
Ignorant question. Factoring in dilution and debt does CGFIA stand a chance in getting back to 60 cents when mining and milling come on line? I have been buying shares every week for a couple of months and am excited about the story and people involved. I appreciate the articulate, informative and colorful comments on this board. Most of all I get giddy at the thought of the stock reaching former highs because I'll be a ruddy millionaire!
I bought more. Short term debt suggests that SNEY is anticipating near term income. Most REE companies I have researched don't expect production for 3 to 4 years. Then the 800% rise in REE prices will come down as supply increases. Meanwhile, SNEY is in a position to get premium prices for the next 3 to 4 years.
I'm in.
10k shares last week and averaging in as money becomes available. I researched SNEY thoroughly, but I must say the knowledgable folks posting here contributed immensely to my descision. Thank you guys for the informative, civil discusssions.
In my digging I read the notion that REEs being up 800% since China's export restrictions is a temporary situation for the next 3 to 4 years until other supplies come on line. The attractive stocks I have found were exploratory or 3 years away from production.
Following the temporary limited supply notion, SNEY stands to be an outstanding venture inasmuch as it is in production and taking advantage of that 800% premium for the next 3 to 4 years.
Thanks aandt.
I'll keep my fingers crossed and my mouth shut. Good luck Larry.
Thank you ficose. I'm glad to know that there are real people and tangibles behind all the writing. You saved me some phone calls and perhaps a trip. I visited a mine in Northern California, attended the shareholder's meeting and even conducted some ground penetrating radar surveying for them. It's kicking the tires, sitting in the seats or tasting the brew that makes an investment descision complete. Or so says Warren Buffet.
Thanks again.
OK I'm in.
I read all the information and decided that this is a good story and good people are affiliated with it. I will buy more. Does anybody have communication with company personell? I would love to hear personal testimony beyond press releases and official documents.
Well said!
And did the Chinese gag news about the Yatu American distrubution arrangement? And the Mongolia partnership? We were told that sophisticated investors can wait until there is news. I feel that expired deadlines, lapsed imminent funding and unfulfilled projections is news. If it is the fault of the Chinese I deserve to know. Otherwise I am free to assume that though Larry and Tammy worked hard, they also failed due to missmanagement.
Those were the days my friend.
Today we are up 66%, yawn, on about $800 of volume. Ludlow has no creedence with me after I found out that I can get them to say good things about me if I pay them.
We can blame the 2008 market crash, economic slump and the subsequent decline in oil and coal prices. But I blame myself for not getting out when we got booted out of Guandong, but I believed the McNabb promises of other deals in the works.
I blame the McNabbs for not being open about whatever happened to those deals while conjuring up new schemes. It is a sad note when the company's most ardent supporters appear to now be bashers.
Likewise escape. In keeping with your pulse metaphor, I feel like I'm at Welwind's death bed waiting for the last breath. And failure to file a 10K would likely indicate that we have a corpse.
I used to correspond with the McNabbs but lately I've had nothing constructive to say, and it seems neither have they.
I'm moving on to other investments and speculations and am pretty much resigned to considering this a loss ... and getting coal Easter eggs from my family.
You made some precise calls and predictions about WWEI escape. I do wish you were wrong.
I'm finished buying, but there is no use in selling. It's just a lesson about being financially seduced. My guess is that Larry pissed off someone in China like he is doing to me, but they saw his ineptitude and slyness sooner and are punishing him with the Chinese water torture.
I talked my family into speculating on this knowing that the whole McNabb family was in. I hope Larry's inlaws don't invite him to the next Christmas dinner. I don't suppose Larry has the insight to reflect on how his rhetoric and shoddy salesmanship affects other people's lives.
Uranium & silver stocks:
CXZ & ECUXF
agriculture-natural resources:
SCPZF