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Nice TDI reset (15m) taking place on the U/SWISS. Will give it room to run again. Probably later tonight or early tomorrow.
My daily chart is looking good. The keltner channel cross that I use will break above at the end of the day. Only thing that will kill it would be a pretty hard down day tomorrow. And this would be pretty abnormal.
Do you mean to tell us that merle knows how to read!!!!! Scott must have told him it was in their..
Words to shun in the penny market. Disclosure, I am long a little bit of this stock, but now kind of wishing that I had held off for a while.
If
and successfully
should
should
should
should
Projecting
should
These words where all used in the sequence I show here in the latest press release. All crafted to tell the shareholder nothing at all. CEO needs to prove that he is on the up & up. GIVE US THE #'S FOR THE 2 WELLS....
It is dilution. But so far, Mr. Leopold has done a great job of managing the money to prevent dilution. I.E. mostly paying of the money owed. Just that plain & simple.
Yea, the damn crooked short b^$(^#rds are what,s so obviously killing this stock. Ha
Technicals show this headed for .013 in about a week, then comes .011, then sub penny. And all before the pedigreed scott will put out another (ah hum) news release.
At .005 I MAY spend $75 and hold for scotts resignation.
Gap filled from yesterday's high. Now we can move up again. Good sign.
Although I do not track the Pound, the recent news that I have seen from England is positive. Guess it may be the exception regarding the dollar strength.
G20 summit is coming up in about 4 weeks. The U.S. must show a strong dollar going into this meeting, to suppress talk of forming another world currency. I.E. china's upcomming new gold backed currency.
This all coincides with my intended hold time for my U/C.
I would not trade against the dollar anywhere right now. U/J is on a nice trend up. But not trading it. I am a one trick pony.
That is not in their corporate charter. The loan MONEY. They are not interested in speculative shares of stock... Not their business, nor written into their business plan.
It's headed north pennies. I love swiss bars. The swiss have put their ski's on their backpacks and are amassing at the base of the Alps headed for their fortress high up where the strong arm of the dollar can not find them.
Gotta expect some up's & downs along the way. Could even drop one more time this week before the final turn. But I think mostly not.
I like to make my pips the effortless way.
Moojer does not state opinions. Read his posts. He is stating UNDENIABLE FACTS.
Good info robot man. More diverse than expected.
Ha, that's just what this POS company needs. Warrants. Never seen a poorer company than this other than some scamms on the pink sheets. Reverse split = then wash, rinse & repeat.
They could have had the debt at least mostly paid off a couple of years ago, instead they went with buying a piece of garbage??
I will NEVER put another penny in this. Happy to be long gone.
Archeologist, just tell him that if we find any fish hooks or arrowheads, we'll save em for them.
Pennies, I am holding like a rock. I was a little worried about the trade when I entered it. I mentioned sideways then, but in it fir the longer haul, so..
Looks like next week before any meaningfull turn. Think that I just may shut MT4 down untill monday morning. Guess things don't always work on our most convienient time frames.
Good stuff pennies. Thanks. It's playing tough to crack, but will happen. I have time and patience. CHF fundamentals last night where negative. Been the trend lately.
Slow day in the markets today, so thought i would post this.
Moral of the story, if you want gold as an investment, buy physical, not paper, and keep it hidden. Some in this article is well known, but some is new to me.
Come on USD/CHF. Being slow to develop.
What's in the Vault?
By: John Browne
* Tuesday, August 6, 2013
Given that the demand for physical gold among private investors has remained strong throughout 2013, the significant price declines in recent months took many investors by surprise. Attempting to make sense out of this situation, speculation has arisen that the so-called 'bullion banks' (the mostly "Too Big to Fail" institutions that are known to work closely with the central banks) have lent out, or even sold, gold on a fractional basis, far in excess of what is supposedly held in their vaults. The result would have been to multiply greatly the amount of 'apparent' gold in the market and thereby depress prices. Such an action would provide needed cover for the embarrassment of currency depreciating central banks' policies.
Much of the chatter stems from the mysterious announcement in January by Germany, the world's second largest holder of gold reserves, to repatriate some 300 metric tons of its gold reserves that are being held at the New York Federal Reserve Bank. It is widely believed that the request was motivated by internal political demands, which questioned the continued need for Germany's sovereign wealth to be in the hands of foreigners.
The request represented less than 5% of all the gold that the Fed officially holds in its New York vaults. (Interestingly, an earlier request by Germany to inspect its assets was denied by the Fed). Despite the relatively small request (relative to the total holdings), repatriation is expected by 2020.
Perhaps for fear that she may be 'persuaded' to accept being 'cash-settled' with U.S. dollars in lieu of gold, Germany dared not complain. Either that, or as an important member of the elite club of central banks, Germany acted 'responsibly' in order to avoid threatening the 'happy equilibrium' of the fractional, central bank-controlled physical bullion market. Nevertheless, the seven-year wait for the return of a deposit rippled through gold markets. Suspicions grew that perhaps the Fed no longer held ownership of the 8,133.5 tons of gold that it reports. For years, central banks have declared that they 'do' things with their gold, including lending it and engaging in swaps. Some, like the Austrian central bank, even declare "earnings" from gold, a non coupon-bearing instrument.
Bloomberg reports that most unexpectedly, since Germany's request for partial gold repatriation, the gold inventory of the COMEX has fallen from eleven million ounces to some seven million, or by about 36 percent, the lowest level in five years. Clearly, dealers have demanded physical delivery on gold purchase contracts on an increasing scale throughout 2013.
Some dealers may even have been prompted to take delivery by the news that bullion banks, including Morgan Stanley, were rumored to have experienced serious runs on the physical gold held in their vaults for their clients. As early as January 23, 2013, The Wealth Cycles site commented that, "The issue...is the near certainty that not all the gold recorded to be held in the bullion banks is really there. Much of it has been pledged and re-pledged against the debt that keeps the world's monetary system afloat."
The letter issued on April 1, 2013 by Dutch State-owned ABN-AMRO bank to holders of paper claims to gold and silver held in its vaults must have shaken complacency. Clients were advised that any physical metal custodied at the bank would in the future be "cash-settled" and that requests for physical delivery would be denied. Contrary to logic, the price of gold did not rise over this period of increased physical uncertainty. Indeed, by the end of June 2013, the gold price had fallen from $1,668.25 on February 8 an ounce to $1,192, or by some 29 percent.
Many have understandably sensed that central banks may well have acted to allow bullion banks to take out massive naked short positions in precious metals in order to drive down the price. The previous upward march of gold was a continuing embarrassment to the current fiat currency regime. On July 18, 2013, Fed Chairman Ben Bernanke testified to Congress that, "...nobody really understands gold prices, and I don't pretend to understand them either." This statement went unchallenged in Congress but aroused suspicions of gross hypocrisy, even evasion, by some observers. So much for deceptive 'forward guidance'.
Likely, Mr. Bernanke would have been shocked utterly had any Congressman had asked him to explain why the Gold Forward Offered Rate (GOFO) had dipped into negative territory. GOFO stands now below both the U.S. Federal Funds Rate and the London Interbank Offered Rate (LIBOR). Investors should appreciate two vital factors. First, gold prices may have been suppressed for years by central banks and could be set to respond as physical shortages and fiat currency debasement become clearer. Second, the enhanced value of physical possession of precious metals could be about to become manifest.
http://www.europac.net/commentaries/whats_vault
George.
DALLAS, TX--(Marketwired - Aug 6, 2013) - Petron Energy II, Inc. (OTCBB: PEII) reports a 50% increase in Natural Gas Production from rework operations in its Petron Energy II Pipeline subsidiary in Oklahoma.
Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, transporting natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary, in the United States.
Floyd Smith, President and CEO of Petron Energy II, Inc., states, "We are very pleased with the 50% increase in natural gas production from our pipeline subsidiary and believe that as we put more wells online our volumes should continue to increase. Our team remains committed to our goal of enlarging our acreage footprint as we concentrate on acreage immediately around our pipeline facilities in the Oklahoma market." Smith goes on to say, "We have always believed that since we are the only transporter of natural gas to market in our exclusive area, along with the fact that the overall production capacity for the pipeline is 10 million cubic feet of gas per day, it provides us with a very unique advantage which we intend on capitalizing." Smith further states, "The natural gas we transport to market is high in oil liquid condensate which provides additional revenue value for Petron Energy II, Inc."
agree pennies, but I am just patiently waiting.
Did a little casual browsing & reading this morning, while in wait mode. Found a message board for elliot wave's & the SP500. Here is the link if you are interested. Looks like lots of good analysis. May be usefull to you, since you follow the sp. I have it added to my follow list. They pretty much agree with your 5th wave top position. Looks like 10% correction comming sometime this month.
http://investorshub.advfn.com/E-Wave-for-the-S&P-500-Index-24516/
.95 at least, yes. But I will not try to call a top yet. My longer term systems just don;t give me a target untill things develop more.
Actually a .95 high would be stuck in the clouds that I use. if it gets their in a hurry. Like within the next 8 trading days.
Added a little more at .9280 on the little turn up that developed a little while ago on the 15 min chart. This bar on the daily will tell a lot. I am a little conserned that it could walk out sideways for a few days, making the hold time to good profit a little longer. Yesterdays bar dropped a little lower than I expected, and caused my keltner channel crossover to break down, but no big deal, cause I am in this one for at least a mid term trade (7-25 days).
Covered an A/U long here for 12 pips. Want to see what the trade #'s look like later tonight. Also Minutes.
Holdng U/F long
"Maybe we are looking for similar partners now?" This nit wit ceo cant even come up with a jv partner for the small shining tree property. How in the world is he going to get a usefull jv for the niobium.
Thanks 3DP for your input. The split issue also entered my mind before I did my first buy. Gotta love this one!! This is my first buy in the 3D print market. Used to work in the ortopaedics sector (15 yrs.), so can see a little of the application potential in this technology.
Pennies, nice trade. I just bought the U/F also for a long term trade. It's been my bread & butter trade for the last year. Plan on holding for a while.
Been quite busy this morning with the stock market. Bought AMAVF 3D printer technology selling to the orthopaedics & arospace. Think it will be the next google. Had to sell a little profitable gold stock to get enough of it, but see it as a good trade off. Still have PLENTY PM stock.
Wow, this is a powerhouse. Unbeleivably low float. Is it the next google?? Bought some today for the long haul. Great fundamentals.
Where do you guys see this going??
Thanks pemmies. I plan on holding it for a few days. Might be a pretty bumpy ride tho. May even add a little if the fundamentals start looking better.
90% of all options traded end up loosers.
Covered my sell E/U a little while ago for 26 pips. Still long A/U.
My daily chart says it,s the place to be. but??
You can bet your next years wages that NO ONE involved with srsr will attempt judjment against ANYONE on this board. People have a wright to be p%ssed at this managment. Actually lack their of!!!
Thanks. Yes, they are producing a little ot this time. I did some homework also. Quickly read thru the 10-k & 10-k/a.
First thing I noticed was that the most recent numbers are not audited. The previous numbers where audited. Why the change to unaudited?? Has the company talked about this?
#2. They currently have 2 lawsuits against them from a prior financing company. But looks like the new financier has loaned them 450K on a 6 month note due in october, so would assume that they will use part of this to pay off the previous financier, in addition to paying for the new drilling reworks ect.
Their has been dilution in this stock.. Quite a bit from what I can see so far.
Will continue to look at this one, but want to see results before I put any real money into it. Have not even decided if a starter position can be justified.
Does this company have any production on line now??
Thanks md. I am looking around today for some new investments. Currently hold a mining stock (profitable for me) with convertable debit financing, and the ceo is sharp enough so far to be able to dance around the convertables comming due by paying them off before they convert to shares. These loan sharks can KILL a company in a hurry. so like to know all that I can about the ceo & the TERMS of the loan.
I know, DYOD. But many of the longer term investors on these boards have already done more than I could do in a week of studying the company.
Anyone knoe if this is convertable debt financing?? The poison pill of the pinkies!!
catch you later pennies.
Gave you a little help here pennies. Just re-entered short E/U. Not very afraid of it. Hang tough.
I am having the same problem with long A/U. Had an opportunity to take 15 pips, but got greedy & now it is running right at my buy price. Look for oportunity just before close of trading. Might be a quick chance to exit with a profit.
My bet is on Moojer.
"but since February he has been correcting that and looking for new suitors."
No evidence of this whatsoever!!!!
Both so called suitors COMPLETELY walked away from srsr. Tells me that their is nothing, or not much for srsr to offer them. They would have counter offered by now if their was ANYTHING of interest to them!!!
The more disintersted partys walk away, it becomes less likely that ANYONE will be interested in a deal. Unless scott drops the bar and size of the proposed deal. He is swinging for the fence, and most ceo's that do this WILL FAIL lots more times than not. Jeeesh, he has failed on so many issues already. How can anyone put any faith in this guy.
Long A/U
Will probably re-enter sell E/U after, or in the news release. A/U looks real interesting for skalp.
If your call works out, then it means that the factory orders # will be a miss. Looking at the month to month chart kinda leans to their estimate being high. Thus a miss.
Just closed my E/U trade for 10 pips. Shoulda dumped it last night when I had the opportunity to take 75 pips. Spilled milk.