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Love how gold is consolidating 1230+
Once we break to new 52-week highs and above $1250... it is so on it won't even be funny to watch the shorts burn.
BAA
Here comes another vertical move in gold over next 10-20min.
BAA
Assuming gold continues to climb as central banks and major banks the world over increasingly call for "NIRP, cash bans, QE, and basic incomes" -- all of which make gold rise by simply being mentioned -- the only bet we must make is whether BAA will financially survive.
Once the Chinese are invested here I believe the political risk drops to zero, however recent action by the Congo government makes me feel a whole lot better (dropping the new mining code talks).
As Groenspaan pointed out.. every $100 rise in gold translates to +0.07 EPS, at a very conservative P/E of 5 .. that's 0.35/share rise per $100... which would mean we should be up by at least $0.5 since the Fed hiked interest rates.
I hope you guys have shares and are buckled in when this finally decides to correct to proper value.
BAA
Soon this board will be flooded with "I should have bought more in the teens" -- comments of regret. I can feel it already.
Mark it.
BAA
I am back to finding this comical so I'm taking that as a good sign.
I said I was all-in yesterday but managed to scrounge up some change to get some .16s ...Love it.
Gold has significant resistance at 1195 through 1200 on the daily chart but it seems prepared to move 1200+ tomorrow through the end of the week.
BAA
Yes now it makes sense.
They had 23.25M BAA 5/29/2015 which was 9.22% of OS:
http://investors.morningstar.com/ownership/shareholders-major.html?t=BAA®ion=usa&culture=en-US&ownerCountry=USA
Now they hold 18.4M BAA which is in line with 7.3% OS -- until RFW is announced.
BAA
Good point, didn't consider that option. I noticed some sites showing RFW already owns 50M shares.
BAA
Cant tell if the filing indicates buying or selling by Blackrock. I presume the latter which explains our failure to track gold.
This is only a temporary problem while they deleverage for whatever reason - possibly entirely unrelated to BAA. To hell with them. RFW is in the house now.
Gold just tapped 1182 again, now back up to 1189.... watching Fed testimony.
BAA
Well apparently the algos have decided that her testimony notes (released 8:30am) are bullish for gold... quite a range on that 5-min candle haha (1185-1192)
http://www.zerohedge.com/news/2016-02-09/what-yellen-could-say-tomorrow-unleash-market-surge
JPM calling for significantly negative rates across europe, asia and even in the US should help gold all day/week/month/year/decade/century... keep it coming
http://www.zerohedge.com/news/2016-02-10/jpms-striking-forecast-ecb-could-cut-rates-45-boj-345-fed-13
BAA
Love how spot gold tested 1182 (4x) over the past few hours and popped back to 1189+
Great news about the mining code. It's nice to see that they are really looking to nurture the industry in Congo!
Looks good. Let's see if uber-dove Whirlybird's testimony helps up today.
BAA
Read that earlier.. not that significant as the article also says that millions have died from this over past few years... guess it is not often publicized.
BAA
I like the way gold's trading lately (5m-chart):
The primary resistance today was the upper standard deviation from volume weight average price, which coincided with ~$1200.
That will not be an issue tomorrow. As of today, I am all-in on Banro.
The new "value bands" are likely to shift around a bit but yellow is the MODE spot gold price for prior 24-hours.
BAA
Agreed, thank you for a breathe of sanity and perhaps an echo of hope.
I just can't see gold going down due to almost innumerable geopolitical and global economic reasons. Makes me feel great about our prospects regardless of how they look right now.
I mean, we are adding $20M+ for the year to bottom line if gold stabilizes here but I am betting much higher prices to come shortly.
BAA
Nice bounce off the 10MA today, a bit forced but it works for me.
The MMs can read this you know.. What does it cost them to screw you over and take your shares?
Answer: nothing, it is actually profitable and they do it all day, every single day
I am going to start putting negative nancy(s) -- who can't see what is going on as a good thing (no matter what) -- on ignore.
BAA
MMs shaking all the whiny weak hands out.
Drop on small volume and any size buys cause ask to shoot up almost an entire cent.
I won't be surprised when it pops back to .20 -- will you?
BAA
Added 30K, thank you. Gold heading to 1200 now.
BAA
One word for today's action: opportunity
BAA
Big sucker just sold at .20
MM absorbed that like fat kids absorb ice cream. "Mmmmm. Num-numbs"
Good riddance and good bye!
BAA
No kidding. This is screaming buy and hold. Everything is coming together perfectly.
The fear and lack of resolve from some here is making me laugh til I'm sick. Hopefully they find peace or sell and find a nice rock to hide under cause it's time to get serious about the money to be made here. Nice consolidating above 1190 after testing 1200 resistance.
BAA
If by "correct" you mean jump substantially in a short period of time, I agree.
Too many factors for gold not to pop. I can ramble on all day about it. I consider our success a virtual guarantee at this point.
Check mate, Whirlybird.
BAA
Sellers will be sorely disappointed when gold/safety continues to rise and BAA ignites.
BAA
Baiyin better hustle to close the deal before the people who own the preferred notes sober up and decide to hold on just a little longer.
Perhaps then they will just have to take their $170M stake through open-market accumulation.
BAA
I know some here are distressed by the stock's reaction to gold but I am honestly laughing. lmfao
Going to be laughing straight to the bank like 50 cent soon:
Probably. I have many miners on my watchlist that are red right now, actually more are red while a couple slightly green.
Ultimately, I have seen relative devaluations happen right before explosive moves. Most notably, in the marijuana sector ahead of the green rush during the first quarter of 2014. MMs loading up, causing a latency period is a good sign and one which allows us to join them.
BAA
Even if it takes a couple quarters of earnings, we know that Banro will be operating with killer revenues. Won't take much coercing to get droves of buyers as it is clearly going to become a no-brainer.
BAA
Take a chill bro, I ain't worried for a second.
We know what we hold. And IMO your frustration is an indirect result of someone who wants to hold big. The value of Banro will rise almost exponentially with gold as the scope and value of the reserves (in the ground) grow.
If I was issued warrants at what is apparently a fair price of 0.2275/share, I'd definitely take advantage of any prices below that.
None of what we have seen is inconsistent with the theory that BAA will be bought out. Phase 1 is to load under the radar cheaply. Phase 2 is buying every available share with pullbacks to shake shares loose and only starts when you can no longer execute phase 1 dependably.
BAA
I understand but I don't often make such observations.
There are short term implications and you don't have to agree for it to play out as I expect (again).
Good luck j.brother; God knows we deserve what is to come.
BAA
I like the way the MMs are posturing on the ask.. appears they are shaking some weak out cause they have run away when any slap comes to fill their order.
BAA
Yeah I believe there is good reason this being held down.. or rather, I consider this a value play and speculate that whatever the reason this is not flying is actually quite positive at its core despite its deceptive appearance.
This weekend we will be getting Chinese FX reserve data.. (whether it's legit or not) if they're substantially different than expectations it could be a big driver for gold either way.
BAA
dunno but I am sure enjoying it. added 15k
Easy.
BAA
See, you get it.. what does the market not understand?
Really think gold is about to go to the moon due to all of the stuff going on all over the globe lately. It may happen in a swift revaluation by governments as they attempt to thwart capital flight from all fiat currencies.
NIRP
Cash bans
More easing
Weakening dollar
These 4 things will make gold rise upon being simply mentioned. The return to normal crowd is getting a rude awakening right now and will have to rethink their position on gold.
BAA
I've arranged a sit in at the local bank. We're going to "peacefully" walk right into the vault and make ourselves some nice throne-like chairs - we're gettin' real comfy - with the gold and cash we find inside.
Should be fun, who is in?
BAA
There are many benefits of Silicon Nitride, I'll elaborate to the best of my memory and knowledge but checkout the site as well:
http://amedica.com/si3n4/benefits_of_silicon_nitride/
The material has a very flat/ideal surface topography and it's extremely hard.
PEEK and Titanium-alloy have greater wear.. which can produce nasty by-products, especially when we are talking about heavy metals. This leads to poisoning of the body and joint articulation issues.
The tiny, unintentional blemishes on the material surface (far less-prominent for Silicon Nitride) provide an excellent breeding ground for bacteria because they are too small for capillaries to grow into , impeding the ability for the body to carry infection-fighting cells (macrophages?) to the area.
I fully agree that this is a disruptive material.. I also suspect that a buyout is likely and would explain why we are seeing such strong buying pressure ahead of FDA approval. I will not be surprised in the least to see this jumping around a dime at a time in the near future if this is the case, as the effective float will only shrink while % change must be significant enough to elicit traders to trade!
p.s.
I have notes I will find and share if enough people want to see them
Appreciate the reply.. i bought some AH for the gap.
Good luck
AMDA
Believe it or not I actually know a thing or two about biomaterials.
It is exceedingly rare to have new (permanent bone) biomaterials introduced into the market.. far rarer than blizzards in the Northeast US (last two by my count being last week and 1996). My professor was very clear about this in biomaterials class... we only had to memorize a short list of them since the barrier to entry is astoundingly high. By acquiring FDA approval with the Silicone Nitride, AMDA is worth far more than current prices would lead one to believe. Hard to imagine less than $50M just for approval.
Simple, conservative calculations regarding the disruptive, superior material make me think exceptional gains are possible here for anyone willing to hold long term.
I've been toying around with various price targets for 2017-2018 which very conservatively came in at $90/share lowest.
AMDA
Should gap up pretty good tomorrow. Breaking above 10,20,50 daily moving averages on record volume with a HOD close and an excellent chart with rsi breaking 50, slow stochs curling up off the bottom and getting above 20, MACD getting positive again..
As I've been saying: the recent financiers would be fools to let a great rumor go to waste with this kind of market exposure.
Whether or not FDA comes I expect $3 minimum on or before next Friday.. And I expect FDA approval so depending on volume I see no reason it can't run hard from there.
AMDA
542 Paper Claims per Oz Physical Gold in Comex
http://www.zerohedge.com/news/2016-01-26/comex-snaps-gold-dilution-hits-record-542-oz-gold-claims-every-ounce-physical