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Trin closed at 1.59
Which implies more selling pressure than buying.
My analysis of trade setup:
I'm looking to take position with sds soon.
I just day trade, so its not long term play.
Just looking to catch $.20 per share, with each trade.
Often even $.10 per share, is my goal.
But going into Monday, short side of the equation seems at this moment to be highest odds.
Support level for sp 500 1810 to 1800
Good chance of being tested over the next week.
That's my call...good luck
What good is an lawsuit?
Odds favor judge! would decide in favor of the company.
1. 100% of every OTCBB stock is bought deal.
2. Some underwriter owns all the shares.
Company has no money, so they sell all their shares to underwriter.
Charles Manson, getting married next month, judge says its his right to marry and have babies.
Today, Judges are crazy!
Premier made around $2 million from the stock offering.
$90,000 in legal fees last month.
They just hire the right law firm, and the law firm connections, covers everything.
Paying out $90,000 to lawyers, is cheap price to pay for making around $2 million.
Even if there was class action lawsuit.. Lawyers will steal most of the money, Judge might say, ok Premier needs to pay ex amount of dollars..
By the time, lawyers take out their fees, government gets its fines..ect..
Common shareholders get packet in the mail, ton of complex papers to fill out.. With $.0001 payout.
You might get $43 payout..
Shark invested waters!
OTCBB is casino with very low odds of ever winning.
Buyer beware!
Liken to getting married, woman or man dangles their left leg while your dating them, then after getting married, they slowly move that right leg and kick you in your a s s!
Then, you their family: mother n law!
Mother n law is the underwriter.
Good luck!
Barrick Gold Corp, going into next week trading session.
To a degree, we all understand the basic concepts of investing. Very likely, we know more than we apply. Isn't that the way life is?
We seldom perform to the level of our knowledge minus our God given talents.
Regardless of our past performance, self-improvement starts with the desire to be our best.
I always resolved to expand my intellectual horizons, to increase in wisdom.
Currently, Barrick outstanding share total is at 1,164,652,000 billion shares.
WOW! Over billion shares priced at $18.15
Which gives it $22.49 billion market cap!
Barrick loses $10.75 per share each year.
Yield at 1.10%
Short interest at 14,917,008 shares or 1.28% of the total float.
Cost of production + 1,164,652,000 billion share print machine madness.
Future of Spot gold and future of demand for Gold as industry product.
Really leaves anyone on state of not very interested in the prospects of long term investment.
Barrick on its way to 2 billion shares.
Common share holder most likely will lose value as the company loses money.
$10.75 per share loss!
Only ones making money here is the insiders, stock options, cashing out as the retail investors and inst money managers keep pumping more and more dollars into fiat common share print print until the bull market comes to a sudden end.
Sorry, I can't observe any sound wisdom holding such an investment more than few hours.
Conclusion: Barrick just day trade investment.
Gold closed at the upper levels on the daily bars, GDX which tracks gold miners closed at the lower end of the daily trading range, along with ABX.
So, even when spot gold was strong, gold miners were weak in trading action!
1. Fiat common share structure to blame?
2. Short covering maybe
3. Little of both maybe.
Fiat common share system; they just print up more and more shares.
Crazy to be long term investor under such conditions.
Just day trade it....
Safer... And odds favor you will win!
Conjugal rights!
California, Texas and New York the three largest states.
Judges grant pro creation rights to .0004% of the population.
160,000 inmates, Charles Manson types. $9 billion each year is spent by just the state of California by the department of corrections.
Whole state budget is only $90 billion
10% of the whole budget goes to feed! house! guard! medical attention of .0004% of the population.
Madness!
Place 100 pennies on your dinner table. Those 100 pennies represent 100% of the entire population of California which us 38 million.
Now remove 99 of the pennies.
Then slice that one penny, into ten slices.
Remove 8 slices of the penny that left.
Those two slices of the penny, 2/10% percent is still larger than the .0004% inmate population of 160,000
Biblical days, they would walk them into ocean.
Cleanse the earth of trash.
Today, we spend 10% plus of our whole state budget plus give them conjugal rights to have babies.
Americans are really confused with rights and responsibilities.
Enough is Enough!
The madness has to stop.
Judges today are plain and simple mad!
Going to prison, should be type of hell.
Psychology of hell, is where the inmate feels, I could of been father...
Don't allow Charles Manson mad man, the right to produce babies..that's pure and simple madness.
What kind of Judges do we have today?
Charles Manson has the rights, to marry and have babies, BUT I as white man can't open a casino in California.
The justice for all! Al Pachino... Something is very wrong here!
We have group of people, inmates, Indians. Ect given special rights over the We The People!
Standards!
Its time to rise up folks.
Before its too late.
Next generation must revolt!
It would take 30 days to make the proper changes.
Gold miners are too regulated by the current powers to be.
Central Banks along with the network of managers, control the strings.
Structural problem.
Name just one gold miner stock that's fully diluted?
None.
The share structure of each gold company, fiat in nature.
They can print and print up unlimited common shares.
Your only investing in bounce.
If they allow it to unfold.
Central banks control the price of gold.
Call it what you like... Casino at its best.
I just day trade..
Change the structural makeup then I might invest for the long term.
Fully diluted... Is the best way to go.
Current fiat structural system, is casino at its best.
California, Texas and New York are the only three states that allow inmates to procreate.
47 states say no way!
Charles Mason getting married next month, he will be able to produce as many babies as he wants.
Gold miners better start producing... There are 160,000 inmates locked up in California, department budget is now $9 billion.
$9 billion to house, feed 160,000 inmates.
39 million who live in California.
.0004% of the population are in prison.
Taxes will have to go higher.
Cost to maintain these three states inmate population, with rights to marry and have babies.
Texas, New York and California are leading the way.
47 states to follow soon.
Every eight seconds there is birth.
Every twelve seconds there is death of someone.
Current population of United States of America stands at 317 million people.
In order, to produce a human being every eight seconds.
There has to be a lot of people getting together.
To slow this rapid growth rate, same sex marketing efforts must increase.
People of the same sex, don't have children.
Gold would become worthless..
Think about it..
Define what MONEY really is.
Money is WHAT people agree upon.
I don't look at gold as money.
Its just another metal.
Which go up and down like anything else in this world.
Is it a store of value?
No..
Central banks control the economies.
Gold has its function in the larger picture of this complex world.
Everything moves in cycles.
My upside target for spot gold in the next 8 months, $1460
I feel pretty good that Dec 2013 saw the bottom for the spot gold.
Central banks are buying gold.
That's huge positive!
Cost of production for most gold miners at $1,200 level.
$280 rise over the lows of Dec 2013, is in order.
Gold miners do employ lots of people.
Central banks will continue to support this industry.
I'm not a long term investor with gold, I just day trade it once in a while.
I don't know about $20 per share in the short term.
I take each trading day as it unfolds, Monday is new day.
2008 Apple was trading at $196.23
I told people Apple could lose 80% of its value.
Apple sold off to $75
Guess what, I was right.
Apple 6 year cycle points to 2015 as the cycle low.
Oct 2014 points to $150 to 190 per share.
In 2009, I bought at $95 per share.. Before the Apple tablet came out.
People just laughed at me..
Apple tends to lose 80% of value in major corrections.
Just normal cycle.
Problem taking idea to these large companies, is how dies one protect yourself from them stealing it?
Real life case study.
Denny's
A uneducated woman with ton of children. Had idea.
Denny's CEO didn't want to hear her idea.
It took two long months, before the CEO would allow the woman to show her idea.
Once the CEO saw and tested the woman idea, he offered her $1,000,000 for her idea.
Her idea boosted Denny's sales by leaps.
Apples product development team, must WOW!
The world consumer with a old product that's been reinvented with Apple technology.
I think I have such a product for Apple.
Case studies tend to point toward, large firms looking for killer applications, might want to established think tank.
Unique think tank of less educated employees.
Apple Inc. Might think about starting think tank.
Here is example only.
Why is the building industry still creating houses with front doors?
Crime rate on homes, is rising.
Today, most home owners don't even use their front door.
Plus, from building cost of product model, the front door, plus the entry.. Adds around $3,000 to the cost of new home.
Having the vision to change, is very difficult for the design industry of houses.
Very large home builders, are very slow to change.
I have several killer applications, that Apple Inc. Might want to consider.
Building homes with no front door, there is huge demand for such homes.
Back in 1977, our building company design and built homes with no front doors.
The woman loved it, they sold very quickly.
But the larger builders, are just not interested. In doing it today.
Not exactly,
Apple Inc. Has many products.
Applications is wonderful aspect of Apple Inc.
What I'm leaning toward, in terms of killer application is they should focus on creating killer application for industry that's dead.
Imagination is key.
Killer applications, often come from people who don't hold college degrees, it takes to get your foot in the door of Apple.
Take the luggage industry for example.
By placing a handle and wheels on luggage.
Changed the dead luggage industry, into one of largest growing industry.
Killer application: simple handle and wheels.
Idea didn't come from college student.
Apple Inc.
1. They need new products.
Killer application style of products.
Problem is most killer style applications come from people who don't have the expanded higher education degrees.
Example: 8 year old kid came up with a billion dollar idea.
There would of been know way this 8 year kid would been hired by Apple Inc. He was too young, plus the kid never went to college.
Apple Inc. Needs think tank style of employees, who have vision and creative ideas.
My analysis is still predicting Apple will lose 80% of its value by Oct 2014.
Dec 2013 monthly doji trading candlestick.
Dec 2013 was the inflection pivot point.
Jan 2014 Apple opened to the lower side.
Wave B ?
Was Dec 2013 the top of wave B ?
If yes, then major wave C will unfold and Apple going to $150
One of the major problem with Apple inc.
The education requirements to get hired, is keeping way too many inventors from being able to explore their ideas.
Steve Jobs today, couldn't even get hired .. By Apple Inc. Today.
Apple Inc. Like many tech companies, only hires rich kids who parents had the money to keep their kids in college.
Education, degrees, don't guarantee new inventions.
Innovation, new inventions, will not come from the Apple Inc. Current employment policy.
Look for $150
Investors will place the core of the blame on CEO Tim Cook.
Past history, Apple always sells off 80% of its value.
Just the way the markets works.
Dec 2013 highs must be taken out, so far, Jan 2014 saying its not going to happen.
5 minute bars today, I don't observe three consecutive higher closes.
Which often means, buy
Nov 1 open gap.
Most likely ABX wants to return to around $17 level.
Position closed at $18.39 at 10:48. A.M
Day trade profit $.101 per share.
Spot gold after 11 a.m. Trading hour was gaining to $10.30
From $9.30 levels in early trading.
Pattern on five minute time frame, spoke bullishness, in terms of trading volume after 11 a.m. Hour on ABX
Which gave me lots of concerns being short after 11:15 a.m. Trading hour.
So I basically felt its smart to take the $18.40 Intra day support.
Good luck today with ABX..
15 minute bars, each close, at the lower end.
Volume each 15 minute, is less.
Pattern: lower lows and lower highs, 15 minute bars, from thei first 30 minutes.
Our trade today short at $18.491
Looking good so far.
30 minute trading system today.
10 a.m. Cycle high, $18.51
Target to exit the trade is at 11 a.m. Cycle..
ABX has been trading on its lows around 11 a.m. Time frame.
Just day trade..
Spot gold as of 10:30 a.m. Steady at $8.60 gain
Federal reserve speech at 2 p.m. Today.
So far, volume on 15 minute time frame, looking good, less volume,
Lets see what happens.
Stop loss for the this trade at $18.52
Short at $18.491 which is 10 a.m. Cycle high today roughly.
The South China Morning Post has reported a sharp drop by 42% in gold purchases coming from China. This is typical as we held into the lows. The idea that they will just keep buying as prices fall is wishful thinking. China should relax its demand as prices decline.
Cost of production $850
Next wave down.. Will cause panic .. Blood in the streets.
Gold has SPOKEN!
Zero volume today.. Bankruptcy coming.
Nailed $21.90 today.
Very happy with this GDX trade.
Time to move on to better opportunities.
Not that excited with gold industry at this time period.
Good luck to those who are still holding out for better days with gold.
See ya! Wouldn't want to be ya...
GDX hits $21.90
I will be very happy! With the trade.
Gold taking off today.
Yes!
Go GDX Go!
Live spot gold trading at 1222.40 currently.
Its opening higher, GDX should trade higher as well.
Gold as money, that's joke.
Gold will never be used as reserve currency.
Just brainwashing by those in the gold marketing industry.
Fiat currency as long as its managed properly, works.
Key is proper management.
That's where the United States of America, excels.
We produce the worlds best managers.
Basically, gold is worthless.
But its finding it way into modern technology.
Gold miners should bounce from these levels.
Fuel cells technology.
Gold will play major part as well.
ferent technologies.
Asian companies are producing gold catalysts, as is US company 3M, a large manufacturer of gas masks.
Interestingly, gold catalysts may well be able to work hand in glove with their precious-metal platinum cousins in the fuel cells arena, where the potential is seen as sizeable.
Gold catalysts are able to remove the CO in hydrogen streams used in fuel cells, but work still has to be done on deactivation issues.
Should the hydrogen economy become a reality and gold be used as a guard bed to remove CO, the offtake of gold catalysts could be significant.
Gold is already being used to meet the most stringent European Euro-5 emission targets, with certified gold catalysts having been fixed to thousands of diesel-powered vehicles.
On the whole, however, it is platinum that enjoys the lion’s share of the emission-reduction business because the melting point of platinum is far higher than the melting point of gold.
While gold starts underperforming at 350 ºC, platinum is successful even beyond 1 000 ºC.
Demand for more gold is increasing.
All of the hype that gold is store of value, helps.
But when gold is actually being used in making products.
Demand side of the equation wins.
Its all about marketing.
Gold should bounce from this level.
Thus, miners stocks should see bounce too.
Gold is playing these roles in extremely small particle sizes as tiny as two-billionths of a metre.
The precious metal is becoming increasingly active as a catalyst that oxidises CO, the highly toxic chemical that is released in fires and from car exhausts.
In doing so, it dispenses with its gold colour and takes on a purple hue.
Gold is seen as the most commercially relevant material for the low-temperature removal of CO and with the supply-side solved, observers believe that it is the demand side that needs more work.
In the field of health, Mintek is focusing on using gold nanoparticles for cancer therapeutics and obesity research.
“Gold nanoparticles can be used as a fat reducing agent,” Tshikhudo told Mining Weekly Online.
Mintek is currently able to produce gold catalysts in 65 kg batches, which amounts to a couple of tons a year, in shapes suitable for particular applications.
The research institution's gold catalysts, sold under the AUROlite trademark, are distributed by Strem Chemicals, of the US, a nanotechnology and inorganic specialist company.
Strem sells the gold catalysts to a wide range of researchers, which, in turn, increases the potential for finding even more industrial applications for gold.
Many publications are now making use of the AUROlite name as a recommended material, which is building Mintek’s reputation as a reliable supplier, Pattrick commented to Mining Weekly Online.
To date, Mintek has sold half a ton of this gold catalyst material to top global industrial developers of products that remove CO, including fire escape gas masks, mine refuge chambers and military vehicles.
Well, if the spot gold goes up.. Miners in gold will rise too.
Its all related, spot gold price and miners.
Hong Kong gold taking off...1230 coming
Currently its trading at 1221
P.S.
If GDX hits $22.50 per share.
1. New truck
2. Steak Dinner
3. Small vacation
4. New tattoo for my girlfriend, so she prove she loves me.
5. New cooking dishes for my wife.
So basically, in my tiny micro world. The economy wins if GDX rises to $22.50
If not, the five items listed don't happen now.
Go GDX $22.50
P.S.
I might even buy new tattoo for my girlfriend. I want my name branded along her back.
So, the economy will get new truck, steak dinner, small vacation, plus, local tattoo shop gets my business.
Short attack zone of $23.50!
I must agree with your pattern analysis. Unless, some major world event unfolds, there is a chance for $30
I certainly don't own crystal ball, I'm only a very short term investor.
$22.50 is my upside target for this current investment.
I was lucky enough to catch the dividend of $.191 per share.
Anything over $21.85 is pure profit for my team of investors.
Our toss in the towel, or stop loss is at $19.50
We feel with this trade, if GDX happens to sells off to $19.50 level, our short term analysis was wrong.
The weekly base in price action, seems to be a positive thing currently.
We are thinking the central banks will continue their support at the $1,200 levels for gold.. Which happens to be the cost of production point.. For most large gold firms.
Next level would be $850
Central banks wants to hit its unemployment targets next year of around 6.5%
Allowing gold to trade below $1,200 would be negative impact of the gold industry, which might force gold industry to lay off workers, thus huge ripple effect of other layoffs.
I know in my tiny micro world, if GDX hits $22.50 I'm buying new truck.
So, in tiny way that helps the economy.
New truck, steak dinner, small vacation.
Its in the best interest of the central banks, to support this level of $1,200
Good luck to everyone this year, don't be greedy.
Markets are design to give out few bucks.