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I'll just say that if I had to choose between silver retaining its value, or the USD retaining its value, that's really not a tough choice historically. Not really all that concerned about the next few weeks though. If it dips below 30 buy with both hands, that is where the bears are trying to push it, don't know if they'll get it we're already quite oversold.
More short covering. Just waiting for this manipulation to end.
Kennay and Timmay better sell more shares, they wouldn't want all those "naked shorts" to steal their thunder.
No weak hands selling, only deceived shareholders coming to a much needed realization. Gotta get out while the volume is still there and people are still convinced that "averaging down" is a good idea.
If anyone here still believes Kennay and Timmay's numbers about the reserves on all their "great" properties they deserve to have their money taken from them. Kinda like when Lucky North was worth $2 billion dollars and all that copper "300 feet thick". No shame whatsoever.
Chart is getting into very oversold territory. IMO they're trying to shake retail out.
Yes, MMs buy and sell shares, that is what they do. But you wanna guess who sold the most shares? What's the O/S at now? Almost a billion? I'm sure Kennay and Timmay have nothing to do with KATX's present PPS.
KATX is a fart in the wind to any market maker. It's funny you think these market makers even know what a KATX is. Just a non-reporting pinky in a long line of non-reporting pinkies.
If Romney announces he's shutting off the presses money will pour out of the market IMO and we will likely fall into a recession for 2013. As you said, the big question is will he actually do it and if he does, how will he do it.
Yea something like that. Ride the QE wave, just don't get caught when the music stops, look for it sooner if Romney gets elected and shuts off the printing presses, the market will hurt and people will flock to commodities. I don't think people realize how much QE is propping this market up. If Obama stays we will have QE eternity and high inflation is inevitable at some point. Commodities are the safest play either way IMO.
O/S getting awfully close to that magic billion mark, don't see how anybody shorting this would be in trouble, if there are even people shorting this.
"The sky is falling" would also be a fact, as anyone who knows pink sheets knows when they get suspended like KMAG they end up revoked or at .0001, and rightly so, contrary to what some believe on here, the SEC doesn't suspend stocks on a whim, even a stinky pinky.
Some people might consider an SEC suspension a clue.....
Busted 32 after hours.
Stoch RSI bottomed and turning, SlowSto way oversold, MFI turning up, RSI oversold. Bounced hard off 31.5. Downside risk is minimal at this point IMO.
Indeed, the "be in" signal has been given the past couple days. Let's see what happens.
Look at it this way, in a year from now you can at least request your KMAG shares in certs and build a campfire. Campfires are exciting, so I can empathize with your excitement.
Chart setting up for another leg up IMO. Might get a little more churn but the chart's been reset.
I know most here are paying attention to the fundamentals, but the chart is getting set up very nicely. Correction coming to a close IMO.
Kennay and Timmay had to keep diluting to make up for all those "air shares". ;)
A/S down, O/S up, pump Handcamp all at the same time. All coincidence I'm sure.
Orrrr it could be because Kennay and Timmay diluted KATX from under 300m to 2.45 BILLION and made it a dark non-reporting shell, but yea, I bet it's all those "air shares"......funny stuff.
Since Kennay and Timmay recently increased the A/S to 2.45 billion shares they are trying to pump up some volume IMO. Put out a fluff PR and see if they can rope in a few more suckers.
I would be careful publicly talking about what the SEC supposedly said to Jeff Reid. I think there's a good probability what he's telling you is inaccurate, and tossing your own hat in the ring is something you probably don't want to do at this point.
We've definitely learned that about many of our investment banks over the last 5 years. I don't doubt there are plenty of good people working for these banks, my beef is the decisions made at the top tier.
That article is a good read. There are obviously some big boys trying to move the price of silver one way or another. Seeing JPM hurt won't bother me either, they've been the beneficiary of crony capitalism for far too long.
If anyone is thinking about throwing more money at KMAG, just go to a casino, your odds are slightly better and you'll probably have some fun.
You're misinformed about grey sheet trading. There are no gaurantees that trades will be executed. Brokers have to manually match trades. This deters people from putting their hard earned money into companies like KMAG.
Or maybe there are a bunch of sellers with no buyers to match orders to. Understand that even if there's a buyer at .004 and a seller at .004 there's no gaurantee the trade will execute. Grey sheet trading is trading in the dark. Liquidity is the name of the game, and as this game moves along, volume will dry up, and sellers will move their orders down hoping to dump them off on the next sucker. Just how it goes.
We continue to creep higher, expecting the distribution amount to be announced somewhere around November 8. Distribution will probably be between 4-5% for the quarter on your money. It's a no brainer at these price levels.
Fundamentals haven't changed, and they won't change whether it's Romney or Obama. Over 2 trillion dollars have been printed in the last 4 years, and they will be obsorbed in the market at some point. Inflation will show its head as money velocity increases. Both silver and gold will outperform the market in the coming years IMO.
As long as you're wishing why not the big boards? KMAG too good for the Naz?
It's almost certain that KMAG will never be listed on the pinks again. Don't fool yourselves here, an SEC suspension is a death blow to stinky pinkies.
That's funny right there, you think the SEC is going to tip their hand to a scammy pink sheet CEO. The SEC can still file a civil suit at a later date and the Dept. of Justice can file charges against the CEO. Of course "JR" says things are "all good", pinky ceo's have been saying that for years along with "big revenues" and "any day now". Gotta be careful with them forward looking statements. Funny stuff. ;)
Continuously watching PPS get manipulated so huge buys can go through at these lower levels. It's obvious there are entities loading up at these price levels.
If they push this below support I'll be buying hand over fist.
Yea I'm sure the selloff had nothing to do with the SEC trading suspension.
You need to realize all you did with KMAG was gamble with your money. The far majority of pink sheets are either scams or the company will go bankrupt. A pink sheet investor is also known as a bagholder.
And yet it's not rolling over either, I think happens sooner than later.
Big buying coming in. Only a matter of time, when it goes it's gonna go hard.