You "Don't" invest this kind of LOOT just to break even !!!! Not a CHANCE!!!!

DATE NO. OF SHARES ACQUIRED PRICE PER SHARE

June 28, 2010 17,645,966,686 US$0.0035 --DiamondGuru

Read more closely:

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

The source of the consideration used to purchase the Common Stock on June 29, 2010 was issuance of notes of the Reporting Person.


(c) Within the last seven days, the Reporting Person, made the following acquisitions of the Common Stock in privately negotiated transactions at the prices indicated:


DATE NO. OF SHARES ACQUIRED PRICE PER SHARE

June 28, 2010 17,645,966,686 US$0.0035

What loot???? "issuance of notes" what are those notes??? cash??? probably not... "privately negotiated transactions" no where is the word "cash" used or used in the context of actual cash. I don't know what was "exchanged" in those "privately negotiated transactions," but, I doubt it was cash. If Ronald and friends had $60 million in cash laying around, I believe the mines would be owned, we would have a cash buyer for the mines and I would have a dividend in cash in my brokerage account.

Read the form13d more carefully.....

If the cash exists or will come we will have a historic or famous event. FFGO sold on paper for $258 million with 85 billion authorized shares which is about .0034 a share on a .0001 share. The NMGL A&B's have a face value that is supposed to work out to equate to .0034 a share in terms of FFGO. Old news there.

I always wondered back in 2009 why the price only got as high as around .0004 for a .0034 return. Nearly by 2012 I know all too well....

The biggest hitters to me are cash, confidence and intent or integrity. I wonder if the sales price of the mines were just an arbitrary number. As shorty might find out one day, making delivery is a whole different game. Making a cash delivery is a whole different game. There has been no cash delivery. Just a share swap. So, I think that is why we are still waiting. Perhaps, the owners of the other half of the mines want actual cash. NMGL has little or no cash from what I have seen.

One scenario is that they have to get a cash buyer committed to buy the mines. That is hard to do when you only own half the mines. The other mine owners might want to negotiate directly with the buyer. NMGL as a sort of middleman wants to secretly get the buyer to pay more and get the other mine owners to accept less. The natural inclination is for the buyer and seller to meet directly and make a better deal for both of them. NMGL wants no part of that and wants to keep them apart so NMGL can slice a large piece for itself. Pretty ambitious for a pretty cashless company.

Another scenario is that the "share swap" price paid for the mines is not in reality for the cash price that someone is willing to pay. NMGL has already committed $258 million to FFGO. Maybe that number is out of whack and the price of gold has to go to 2 or 3 or 4 thousand to get in line?

Still another scenario is that the other mine owners have found their own buyer and will try to buy out NMGL's "half" We always assume that NMGL will be in control. They own less than half the mines and have little or no cash. They may not come out on top.

There are other scenarios, but, I wanted to throw these three out there right now.

Bottom line--There is a crisis and a huge problem otherwise we would have seen filings for ownership of the other half of the gold mines or we would have heard of a cash buyer. After a year of silence, I must think there is a huge problem.

We have so many people who seem to want to deny there is a huge problem or crisis. Something has gone terribly wrong. Over 1 year of silence and no one has 100% of the mines. We have no cash buyer.

Thanks, I also believe that 5% is a good number for pennyland investments. Pennyland has no bearing day to day on the rest of the world. What happens to the stock indexes, commodities, the FED, Eurozone, etc. etc. has no bearing on pennyland. How much has the price of gold had on the price of FFGO this year? Nothing. The price of pennies are more determined by specific actions within the company the pump and dump schemes (with all the email promotions) and naked shorting. The price per share based on authorized shares and earning and assets are rarely reflected into the price of the penny. The price of the penny is an emotional reaction not based on any financials. I was one of a small group not to be sucked into the internet bubble. I sold as we approached it. Here you have stocks selling for over $100 share with no earnings and no assets. Most pennies are bubbles or hope based on FUTURE earnings or performance. They are rarely based on solid financials based in real present time.

Using good technical analysis you can come up with a probability or odds of something occurring. You can put your odds at better than even, maybe, even as high as 80% or better.

These probabilities are time bound with certain time frames of a day, week or month.

My long investment in FFGO is appropriate percentage wise to my overall portfolio. FFGO, as an increasing highly speculative investment is balanced nicely. Several or more posters have more than half of their portfolio in an investment that is "locked" for perhaps, months, years or forever... Some are still adding. That all or nothing may pay off huge, but, could leave one missing out on so many opportunistic trades in this volatile but profitable marketplace.

All my other investments, I study stochastics, moving averages, fibonnacci retracements, etc technical and fundamental analysis. Here at FFGO and price dead stock activity I can only type away in vain...

Sorry you don't appreciate my "analysis" and say I should sell. I believe there is a chance. I believe that you do too. I wouldn't advise anyone to sell. I would caution them on the risk and risk management to the percentage one invests in FFGO.

Nothing has changed, so there is no reason for me to think any different about my investment decision. --SevenTenEleven

Read all of the filings and am very comfortable with my investment. --SevenTenEleven

It is the filings that haven't been read that concern me. The filings that should exist for ownership for the other half of the mines. The 10K, 10Q, etc. After over 1 year, we have less than 50% ownership of the mines and little or no compliance with regulatory agency filings. That makes me very UNcomfortable with my investment.

Famous, yes, I agree. FFGO could become famous if there is a massive NSS coverage. FFGO could be famous if there is a massive governmental change in laws or enforcement because of FFGO. FFGO could be famous because if there is a scandal involving false press releases and filings and investor fraud.

It is exciting... Of course, we would all like to make some money in the process. Hopefully, that can play out too...

These possibilities of fame and excitement have kept me as a long shareholder. Get the popcorn, I believe this will be a long long double feature LOL....

Hopefully this is public admission enough of intent on NMGL's part to deliver A & B shares to shareholders. --SevenTenEleven

No, it is not. How is this filing any different than the December filing for $258 million for FFGO's portion of the gold mines? FFGO may have promised cash dividends from NMGL in FAQ's and press releases. NMGL has not made any intent or commitment to FFGO shareholders. The filings are strictly limited to buying FFGO's share of the gold mines (nothing else).

NMGL could have issued NMGL A&B's to FFGO shareholders based on the $258 million they paid for FFGO's share of the gold mine. We may not be able to redeem them til the entire gold mine is sold and they receive their "commission and surplus" from the sale of the entire mines. Atleast, I would have intent on the part of NMGL to FFGO shareholders. The purchase of the rest of the gold mines has no calculation on the number of shares of NMGL A&B's we would receive. Of course, if stockholders keep adding shares and NMGL takes forever to get the mine sold then it becomes more effort to keep adding NMGL A&B's.

The problem, I believe, is that both FFGO or Western or NMGL have no cash. If they did they would have had our cash dividend long long ago. Instead, we play hot potato with share swaps and saying the other guy will pay cash. NMGL may sell to some other guy who doesn't have any cash that will start the cycle all over again. These little penny players seem to have no cash... Maybe NMGL can find someone with cash. That is the only way we will get a cash dividend.

FFGO may have said that NMGL would deliver a cash dividend through NMGL A&B's, but, we only have FFGO's belief. NMGL issued No press releases or other statements of intent to give FFGO shareholders a cash dividend. NMGL could say they are not liable for FFGO shareholders because they made no public statements concerning FFGO shareholders. They only show an intent to buy a gold mine (nothing else).

FFGO or "Western" could easily give us a cash dividend based on their NMGL A&B's. Oh, that's right, there's no cash. Only shares swapped. Ok, so, FFGO could give FFGO shareholders NMGL A&B's to redeem at a later date.

Let's examine intent and fraud for FFGO/NMGL.

FFGO promised, through press releases, that THEY would deliver a dividend after the sale of Bouse and S. Copperstone mines.

After the confirmation of the intent (sale of the mines) and deception and fraud (FFGO knew well into advance who the buyer was and that the buyer (NMGL) would not be delivering dividends immediately following the sale of mines). The fraud and deception was perpetuated through an untold number of press releases as it took over 10 months to sell the mines from the time of the first press release detailing a sale and an extraordinary dividend. It would be ridiculous to say that FFGO did not know that beforehand that FFGO or NMGL would not deliver dividends immediately after the sale of the gold mines. FFGO had to know the terms of the sale. How FFGO would be paid. They had to know and decide if the terms of the sale would be conducive to an immediate dividend. They knew that there was not going to be a cash sale. They knew they could not deliver an immediate cash dividend to FFGO shareholders. Yet, for months, I believe, we were told we would receive a cash dividend immediately following the sale of the gold mines.

Instead, as we all know, we were told there would be NMGL A&B's. There is an indeterminate liquidation time period for these instruments of sale. Nothing immediate or "cash-like" about them. That is clear deception at the least and fraud at the most.

After the sale of the mines, in 12/10, we received a single filing for FFGO's portion of the gold mines. NMGL used NMGL A&B's to purchase FFGO's portion of the gold mines. A sort of share swap to be redeemed at some future date. This filing does show intent to buy the mines and intent to use NMGL A&B's. This single filing is the only thing that shows any intent on the part of NMGL.

Saying that the NMGL A&B's cannot be redeemed before 1/1/11 implies receipt of the instruments. That again is deception at the least and fraud at the most.

As we go through the entire year of 2011 without any more ownership of the mines. Less than half of the mines are owned and filed. To me, that is increasing the level of fraud to me. FFGO in press releases said that they had the full cooperation of ALL shareholders and owners of the gold mines. The press releases said that the entire gold mine would be sold and that all "minority" parties were all in agreement and ready to move forward on the sale of the gold mines. There appears that there may not have been full cooperation or agreement to NMGL buying the entire mine. That is proved by a lack of filing for entire ownership of the mines.

So, this is really "fun" with FFGO/NMGL deception and possible fraud. The government's unwillingness to release and/or solve REG SHO and FINRA numbers. Shorty's theft of our shares (the US and Canada are the only countries to allow PAYMENT BEFORE DELIVERY). That single fact has allowed shorty to entrench himself quite a stronghold.

So, between FFGO/NMGL deception and possible fraud and the government willingness to allow payment before delivery (that could be changing in a couple years) and the government's failure to enforce delivery I have little hope this year or even the next in seeing any dividend that I was promised......that is assuming there is any intent to DELIVER a dividend especially by NMGL who has made no public acknowledgement of any intent to deliver a dividend.

We have no public admission of intent on the part of NMGL. NMGL's filing for FFGO's portion of the gold mines could merely be a share swap to get part of the gold mines. Just because there are NMGL A&B's does not mean that NMGL has any intention of giving FFGO shareholders any.... Did you ever think about that??? We have no public admission of intent to deliver NMGL A&B's to FFGO shareholders on the part of NMGL.

Either, FINRA is really reporting incorrectly or the NSS is really really painfully short LOL

Lebron23, is gold always a winner to you? Does anything give you pause or concern? I look at a gold chart and I am concerned. A multi-year gold chart is on a steep diagonal path. On the other hand, Silver and oil made nearly 50% retracements.

Gold may make new highs by the end of the year as you say, but, I am going to be cautious and try to weigh the risks and have risk management orders in place.

I am much more comfortable with silver, copper, rare earths whose charts are not so "scary" as gold. Gold is on a "fundamental" high. Maybe, the technicals will continue to match it.

Look at the price action of gold when we had France, Italy and Spain downgrades.

Yes, gold is up and if we keep up this positive Euro zone tone and if we get the S&P above 1210, gold and silver could start to take off. Otherwise, we may be looking at lower gold next week.

That is my point. The company looks to go silent on filings for the entire year of 2011. The company doesn't own the mines. Therefore, they can't sell the mines. The government is playing "run-around" but they are talking more than the company is. If we filed for owning FFGO's share of the mines, we would file for the rest of the mine (if we owned any more of the mines).

Great job pursuing "the circus." As bad as the government circus is, it may be more likely to get government to force a NSS cover versus ever getting this company to file or own or sell the mines. I don't believe this "single package" "deal." NMGL needs to file ownership of the other half of the mines and then sell it. NMGL is a circus also as we speculate on the theories why NMGL is negligent and lazy.

Very true... If you hold gold over the decades... Otherwise...

Feels like the NMGL plan... hold over the decades... LOL... Silence........

You are assuming divergence in gold prices. As the economy gets worse, gold gets better. Check out gold prices in 2009 when things got really bad. When things get really bad, you get convergence. Convergence is more common than divergence. Gold is one of the few commodities silver, oil, copper, etc. that haven't experienced a 50% correction. It might or might not. I am not trying to scare you. But, if you read charts or commentary (i could copy and paste many) golds fall is increasing in likelihood. I hope gold does make new highs, but, that is getting more unlikely to assume divergence when the past says otherwise and so many things are falling.

follow Rocket's numbers...

It's public knowledge market makers only have to keep a million or two on hand in their accounts. They are not required to keep the hundreds of millions needed to cover FFGO and other companies short positions. Shorty is in stealth mode, NMGL is in stealth mode. A lot of good it is doing both of them.

1,309,782,760 shares short YTD is too late.

Gold has a chance. Mr. Bear market was at the door today. YTD lows on the stock indices. It could have been ugly. But, we got a miracle close and have some slim prospect of a double bottom in the stock indices that could start rallying and taking gold and silver with it. In any case, gold and silver dodged a bullet today for those watching closely.

Pete put out press releases every week or two. It is NMGL that has put one filing and no press releases in an entire year. How does silence burn shorty? Shorty either believes he/she will have to cover or he doesn't. It is way beyond shorty's ability to cover at dividend or higher prices. Shorty doesn't have to keep much money on hand. Anything more, would have to go through litigation. It doesn't help to stay silent. New short positions do not help at all as long as the same players are short. The same players only have to have so much money on hand. The beginning is 2009?? "This time" is 2011. What difference does it make?

Believing in a single package makes it easier to divorce one's self from reality. We can ignore all the filings that haven't been filed each quarter all year long. We can ignore all the communication that hasn't happened all year long. We can believe in some "conspiracy reason to get shorty" not actual neglect by the company.

Both NMGL and Shorty are in crisis now. Tomorrow, we may break out of a 2 month trading range and break support. We are dead on bottom support today at close in the stock markets. If we break hard down tomorrow, gold could see $1400 gold by the end of the week.

Why did NMGL even bother filing FFGO's portion of the gold mines if we are going for one single package?? Why would NMGL wait to buy the other half of the gold mines for almost a year now?? A drop in gold prices could make purchasing the other half of the gold mines easier. Is this the plan?? If so, then, we will be waiting for a while to see $2000+ gold to SELL the gold mines.

Maybe, but, that would more than likely be an SEC violation. Unless the other "half" of the gold mines is purchased simultaneously by the "several" different owners then not filing ownership would be additional SEC violations like not filing 10K, 10Q, etc...

In any case, anything, is possible. What advantage is there for a single package??? I feel less and less secure getting a dividend from a company who can't file and communicate.

I understand that the short position continues to grow. I don't understand why calls for failure are increasingly getting weaker. The more time that we go without owning the other "half" of the gold mines, the stronger to me, the crisis is for the credibility of NMGL and Ronald. The more they risk intervention for not filing the required quarterly SEC filings. We are not even compliant with the SEC, etc. All year with NO filings.

Both are getting stronger each day rocket. The math doesn't lie for shorty's increased short shares and NMGL's increased days without a filing and increased risk of intervention for not filing with the SEC.

Both Shorty and NMGL have a crisis. Both need to be admitted. You provided fantastic numbers on why Shorty has a crisis. I printed myself a copy to keep. NMGL has a crisis because they still own less than 50% of the gold mines. We have no filings showing ownership over 50%.

Getting shorty to cover or getting the other half of the gold mines sold seem to be monumental tasks. Which, if any, might occur first is in question.

It is surely a crisis for both.

NMGL is in a crisis. If the S&P breaks out of this 2 month trading range and takes out the lows it is sitting on today, gold will follow lower. NMGL needs to get this gold mine sold soon or it could be looking a much lower gold prices in which case it will most surely "sit on a gold mine" and wait. We could be heading for another recession. We really need to get these gold mines sold soon. Look at gold and silver prices at our last recession.

Things are getting worse for Shorty and NMGL. The short position continues to grow. The price of gold is in increasing risk of falling. The economy is in increasing risk of a deeper recession. There is a crisis for both. Though, most will admit a crisis for one, but, not the other. I find that both humorous and disingenous.

I am one of the few that admit a crisis for both.

The 3% is referencing a liquidation preference. It is not interest. I believe Jufel and others posted many posts on this whole topic a while back. Or if you reread the actual filing, sorry, too busy to link the filing right now.

The company FFGO said that we would receive a dividend after the sale of the gold mines (which was supposed to be when FFGO sold the gold mines not NMGL). In any case, the entire year of 2011 has not seen a NMGL filing and we still sit at under 50% ownership of the mines.

FFGO was supposed to give us a dividend after they sold the gold mines. Nothing more, nothing less. They gave us almost ONE YEAR WORTH OF PRESS RELEASES SAYING WE WOULD RECEIVE A DIVIDEND AFTER THE (THEIR) SALE OF THE GOLD MINES. They sold the gold mines in 2010. We did not receive dividends.

Exactly what they promised. Not exactly...

WE ARE NO CLOSER TO OWNING THE MINES THAN WE WERE 1 YEAR AGO. WE HAVE NOT HAD A FILING ALL YEAR!!!

Tom, I agree, let's have some of the same people who so adamently address shorty turn a portion of their conviction to the ineptness of this company. I constantly hear how the government is silent, collusive and won't act. NMGL is silent and surely is not acting. There is a problem or crisis. It is not limited to government not acting. It is also NMGL not acting. It would be nice to hear some admission. We can badmouth shorty all day, but, not a word about the company "with a plan."

Like I said earlier, we are no closer to owning the mines than we were 1 year ago. We have not a filing all year. If that is not inaction, I don't know what is??? We knew that FFGO had agreed to sell their portion of the gold mines to NMGL (unofficially or agreed upon and "press released" in September--officially filed in December) over 1 year ago. It is not owned until it is filed...

NMGL owns less than 50% of the mines. Otherwise, they would be legally required to file that they have more ownership. They would have no reason not to file. After over 1 year since the unofficial press release or about 10 months from the official filing, NMGL still owns less than 50% of the mines.

We can talk about shorty all day... We have little else to talk about since nothing is ever filed or done. No filings this year. The hope is that the government can act or enforce upon the short position in FFGO.

I don't know which is less likely. Betting on a government or betting on NMGL...

Atleast, the government is talking to you (Tom) even if they can't or won't say too much at this point. So, I give the edge to the government at this point. If NMGL ever files with more ownership, maybe, NMGL can have the edge back.

Let's have some balance. Address illegal NSS. Address the crisis in NMGL. First, so many posters who address illegal NSS should also first admit and address the crisis in NMGL. Let's start today shall we????

There can be no "SOON" until OFFICIAL filings show that complete ownership of the mines have been acquired. You cannot sell something that you do not own. I don't know how many times that I have posted that statement. We have people holding their breath. Hold your breath and speculate AFTER we own the mines. Official filings of complete ownership are needed.

Is that only in China or is the U.S. and COMEX going 100% too? Either way that is great news!! Wonder where the metal would come from?? Better get NMGL gold mines sold so we can start producing gold LOL

COMEX based miNY gold and/or miNY silver contracts. These COMEX mini-contracts are cash settled. The standard contracts, however, on both the COMEX and the NYSE-Liffe (consisting of 100 ounces of gold and 5,000 ounces of silver) are all deliverable.

To be fair, from the same article, only minis are cash settled. Tattoo1, maybe, that is what you heard about. Standard 5,000 ounce contracts are all deliverable.

In other words, a large scale default on COMEX or NYSE-Liffe would not only trigger the paying of money damages, but would also involve criminal liability. Even if a few individuals within the federal government are complicit, as has been alleged, and the U.S. Justice Department refused to prosecute, there are enough politically ambitious state prosecutors to take up the baton. Futures market short sellers would pay a heavy price if there were ever a big default. Because of this, they will spend whatever money is needed to make sure it never happens.

If a clearing member of an exchange fails to deliver, the futures exchanges are legally liable on the debt. If a clearing member goes bankrupt, performance becomes the obligation of the exchange. If a short position holder cannot or does not deliver, the exchange must either deliver, or pay in an amount equal to the difference between the contract price, and the amount of money needed to buy the physical commodity in the open market. Generally speaking, contract holders are allowed to purchase silver or gold on the spot market in a reasonably prompt manner, and all costs of doing so must be reimbursed.

Thanks, fwayneh1, that was informative!! I wanted to reprint (above) part of the article you referenced. I want to say to the board in general, I know that NSS exists in FFGO and some individual stocks. There is a huge paper versus physical imbalance in metals. But, there is NO failure to Deliver in futures. Delivery by COMEX still is alive and well. J.P. Morgan may have short positions in metals. That does not mean that futures contracts are undeliverable in COMEX. Delivery of the physical metal still occurs. Otherwise, there is criminal liability.

As I have said in a previous post. Not enough delivery has occurred to exploit the physical versus paper positions. Delivery still exists.

COMEX is not delivering actual metals when requested?? That would undermine the entire market. I trade futures and options through RJ Obrien. RJ Obrien lists all contracts that they cover. There should have been some disclaimers on delivery. The media should have been all over it. Agora or Whiskey and Gunpowder or other such media publishers should have been all over it. If what you are saying is true, it would undermine an entire exchange. That would be ENORMOUS. I would need ironclad proof before I would believe that.

Silver, rare earths, and other metals have had 50% retracements. Silver from $50 reached a $26 low last week. I "love" gold as much as the next man, but, a 50% retracement should not come as a surprise. It may never happen, but, don't be too surprised. This technical and fairly natural price action will be attributed to shorting or other such activity. That activity does exist, but, does not explain day to day movements in price activity. I have tried to copy and paste some multi-year charts with no luck on my free service "plan" LOL...

Check out a multi-year chart. I really hope NMGL gets it act together. Maybe, Gold will recover and beat $2000 before year end or we could see $1000 gold just as likely from a technical standpoint. $1000 would be around a 50% retracement that other commodities including oil ( 120 - 77 a 36% retracement -- 36% in gold would be about $1300 gold. Maybe, this correction will be a support for higher prices.

How good will we be if gold is at $1000, NMGL will not reduce it prices for cheap gold. It really needs to get this done. We are in a danger zone that could go either way. NMGL loves to piddle around.....

I would love gold at $2000, I have investments that would benefit from such a move. I am not holding my breath for gold.

Interesting...Storage is not a problem i guess. Security and theft would scare me though. Unless I has a offshore bank to store it.

I know that there is not enough physical metals to cover gold and silver futures that trade. If everyone opted for delivery, the price of gold and silver would go to astronomical levels. It would HAVE to be covered. Unfortunately, few people have the money to buy 5000 ounces of gold or silver and physically store it. I am not aware of naked shorting in the futures markets. These contracts have to to be covered.

ETF's for the most part have never had a mandate to have shares equal a certain number of physical metal. They are about performing in relation to a physical metal index or other such indexes.

Allegations of naked shorting of gold and silver etc. must be happening in the world of individual stocks. Like FFGO, individual stocks do not have a physical tie to a specific amount of physical metal. Individual stocks can be manipulated by Market Makers. Unlike the delivery of 5000 ounces of physical metals (futures) an individual stock can be "marked or printed or sold" to an account without any repercussions that could exist in futures or options. References to Companies that are 100x short the physical metals (JP Morgan), I assume are companies that have manipulated individual metal mining stocks.

This is one reason that I have been very careful and limited in my exposure to individual stocks. If there is proof that this extends beyond individual stocks, then I would be interested to hear that.

There needs to be mechanisms to prevent NSS in individual stocks. We haven't had the transparency and enforcement.

we are vulnerable to another recession and gold and other commodities are also vulnerable. NMGL really needs to get its act together and get this gold mine sold. Betting on higher gold is getting more risky.

Looks like I knew what I was talking about despite many who disagreed. Hope some of you invested on this decline. Commodities are going up big today. My silver investments from friday should see a 10-20% rise today along with my already 10% gain in rare earths.

Been busy charting and studying. It is a lot of work to make money...

TomSawyer, as a lyric you are probably well familiar with. "Fight the good fight" "every minute, every day"

Now that you believe that NSS exists, but, are unsure of its extent; let me ask you, are you going to cancel your sell order on FFGO? Might be worth it to wait for a possible NSS squeeze, sell then. Then take your original principal off the table. Then take the profits and reinvest in FFGO and wait for the dividend to finally come through. You have put a lot of work in this I know.

Just some thoughts...

Gold, silver, oil, copper, stock indexes all CONVERGING down hard today. Oil, silver and copper are really getting pounded. Odds of a double dip recession are increasing. Many people think that the Fed extending their meeting this week to 2 days versus one means that we will get a QE3. Maybe, maybe not. Without, an artificial pump in the arm to artificially keeps us out of recession (as we have arguably been in recession since 2008) we are vulnerable to another recession and gold and other commodities are also vulnerable. NMGL really needs to get its act together and get this gold mine sold. Betting on higher gold is getting more risky.

Copper, by the way, is at a multi-year support. It is sort of like the S&P being at 1080 instead of 1190. This a BIG make or break week for copper.

We talk of gold prices on this board alot. While gold and silver have great fundamentals, there is one metal that technically looks great. That is copper. It has taken a hit lately and looks great in my opinion on the charts. I calculated a 300% run from 2009 to early 2011 on one ETF. It looks like great on a YTD chart.

Thank you, that was maybe the best post I have read on this board ever. Great job!!

You may find this link (below) helpful. What is good timing in silver may be good timing in gold. I primarily trade silver, but, find gold very important.

http://www.insidefutures.com/article/318624/Silver%20-%20Instant%20Gratification%20v%20Patience.html

Here is where it starts to get interesting. The stock markets have rallied almost all week, gold has mostly been divergent and has fallen under $1800 with silver just breaking below $40 in the after markets now.

Can the stock markets continue upwards and will this pullback in the metals be a buying opportunity or is there more price decline to come?

One thing for sure, is that it will move more quickly now either up or down with greater volatility.

I have a fair amount of cash waiting to see how metals and the stock markets will play out and when to enter the market.