Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Beautiful bounce off the 10/20 Daily MAs
BAA
250K+ bid whack just panicked out for a nice big loss
Good riddance, we will move up without you.
BAA
Dip and rip in the cards here.
MMs tried to accept cheap shares but found there are no sellers. They are moving up and out of the way on the tiniest of slaps.
BAA
Stop posting. You are wasting my/our time. Ignore coming soon.
BAA
Management may be prudently undercutting with their projections, which they expect they'll be able to surpass. They seem to be making this type of communication standard procedure.
For example: they are defining 1.67g/T Au-ore as "low grade" while other companies have referred to much lower Au-concentrations as "high grade".
BAA
I am pleased with the progress being made, especially when compared side-by-side with the rest of the mining industry.
Banro is generating annual revenues in excess of $200M at the current run rate. There are many promising developments that will push this number well beyond, over the next 6 months - a strong near-term projection which stock prices should be reflecting today.
BAA
Doesn't this fit the criteria for commercial production (operating at/above 60% design capacity)?
Lots of catalysts for gold, not limited to the following:
1) Russia/Iran in Syria/Iraq. Iran testing new ballistic missiles today. UK and NATO giving the green light for fighter pilots to shoot down Russian military aircraft.
http://www.zerohedge.com/news/2015-10-11/moscow-demands-britain-explain-green-light-shoot-down-russian-jets
http://www.zerohedge.com/news/2015-10-12/iran-openly-flouts-obama-launches-new-ballistic-missile
2) US naval ships escalating tensions in the South Chinese Sea despite clear warnings/threats by China not to enter the waters near their new, dredge-built tactical military bases. The US fleets should be arriving within a few days.
http://www.zerohedge.com/news/2015-10-12/obama-wont-back-down-after-chinese-threat-sends-warships-china-islands-matter-days
3) Central banks and commercial banks making increasingly more frantic and desperate calls on the global economy, industrial commodities (with 2nd largest global miner to pick up the pace for Glencore's recent announced cuts), and ultimately, a general loss of backing for QE while still suggesting there are no other alternatives to keep the status quo alive. Also, Greece now essentially initiated a cash ban. US FED just quietly increased debt-to-GDP by 20%!
http://www.zerohedge.com/news/2015-10-12/fed-officials-call-nirp%E2%80%A6-physical-cash-ban-next-after
http://www.zerohedge.com/news/2015-10-11/g-30-group-central-bankers-warn-they-can-no-longer-save-world
http://www.zerohedge.com/news/2015-10-12/greek-cash-ban-escalates-imposes-permanent-stricter-capital-controls-3-million-pensi
http://www.zerohedge.com/news/2015-10-11/fed-revises-definition-total-credit-unexpectedly-discovers-another-27-trillion-debt
4) Bullishness on gold by entities who would normally be against it.
http://www.zerohedge.com/news/2015-10-12/why-gold-surging-bofa-says-expect-massive-policy-shift-2016
http://www.zerohedge.com/news/2015-10-10/death-cognitive-dollar-dissonance-remonetization-gold
BAA
I think we've got quite a few new shorts in spot gold who are going to be covering shortly, likely today. Hell of a scoop to hold it above 1160
BAA
High-volume gold smash/manipulation is getting scooped up, hah
That was impressively bullish. It doesn't surprise me that players in gold miner will use the op to shake though.
BAA
Need to walk a bit before we can run.. 20MA is only starting to turn up so upper BB will limit the move a bit for now. Not a problem for me... tomorrow or Wednesday the 10MA will cross above the 20MA and BBs will be higher.
Strong move right now so we could trade above the BBs for several days.
BAA
Looks great, very thin moving up. (See screenshot)
MMs are accepting donations at .20 -- chart technicals will be full breakout across the chart on daily and weekly at EOD.
They have all day to collect shares from weak hands so nothing will really surprise me but I like the fact that they are taking bid whacks above the bid. This has been a bullish sign since .15s
Rollercoaster is to pull emotional strings and make those who don't like messing around at heights hop off.
Dips will be short-lived.
BAA
Nice open, I particularly love how there was a undoubtedly going to be a gap with opening support in at .182 and .184 but the MMs fat-fingered an (as far as I can tell) invisible trade, recorded at .18 to close the gap on daily and weekly charts.
This alone makes me think these prices are going to be confined to history.
BAA
Hope you guys are having more luck sleeping than I am tonight, I'm too excited... Lots on my mind. But I've been waiting for this week for a while and think we are going to enjoy being long in BAA shortly.
Gold currently $1165+
BAA
Good point, thanks.
TRTC
Thanks, I found a the property location:
Spanish Springs Associates, attn; Jesse Haw, 550 W.
Plumb Lane, Suite B #505, Reno, NV 89509
I assume this is not a large enough venue for a cultivation and production facility based on google maps. This can't be the right location because it is not 2 acres.
https://www.washoecounty.us/bcc/board_committees/2015/files/agendas/2015-06-23/8.pdf
--Agenda Item 8
I'd love to know more about the terms of the arrangement(s) with Camden Goorjian and Richard Vonfeldt, each of whom are set to own 20% of "Medifarm" but, as far as I can tell, are putting forth no capital to build it out. So who are they and what are they contributing?
On the other hand, "Forever Green NV, LLC" and Nevada MF, LLC are partners in the construction and production costs of "Medifarm I & II" with a significant stake.
What form of debt that Forever Green offers is of value to TRTC? Their contribution to Medifarm I/II: $500K for 50% and $750K for 30%, repectively. So they are supposedly paying the entire cost of Nedifarm I and their share of II ($750K is 15% of the $5M budget for II).
What is the third partner, Nevada MF, LLC putting forth to own 30% of of Medifarm II? The math also shows that they will not be expected to contribute any capital.
Yeah this all is adding up to be quite positive in the short, medium, and long term.
I got you back, btw, bro. Can't wait for next week!
BAA
Good points, I was tempted to make the same type of comments earlier:
I've been "donating" sperm to buy Banro, beat that.
Spot Gold looks very strong as it holds near $1157.5
IMO gold broke a key resistance trendline when it held 1144 recently. I am seeing potential for it to head back into the $1200s shortly.
BAA
Seeing more of the same bullish action through time&sales and L2:
Large bid whacks are being absorbed where relatively small bids are showing (at .18 just now).
Doesn't take much of an imagination to see why gold is turning a corner and will rise significantly from here.
TL;DR: Gold will rise in the short/medium term because all other possible solutions/scenarios are straight-up unsustainable. Paper is dead like Zed.
(Note: I gave up on providing a ton of articles/links because you guys get the idea and I doubt you'll take the time to read every single one like I do.)
Some of the key reasons include:
1) The Fed - F**king up the world by
--a) not raising rates, essentially admitting there are serious economic problems at home and abroad
http://www.zerohedge.com/news/2015-10-08/fomc-minutes-confirm-economy-ready-rate-hike-year
--b) threatening NIRP, cash bans, and helicopter money (respectively below)
http://www.zerohedge.com/news/2015-10-08/its-time-negative-rates-feds-kocherlakota-hints
http://www.zerohedge.com/news/2015-10-07/ban-physical-cash-coming-soon
http://www.zerohedge.com/news/2015-10-07/you-never-go-full-krugman-insane-helicopter-money-calls-continue-trapped-central-ban
--c) remaining on the fence about rate hikes (not taking it off the table) which is making the dollar stronger, causing chaos in EM economies, and squashing US earnings (watch what happens with Q3 earnings)
Meanwhile, virtually every country is accumulating or repatriating gold as the COMEX is being drawn down and commodities mining is going dark. Also, the war drums are being beaten heavily in the middle east, essentially over control of oil assets and pipelines. All the big players are converging on Syria to hash it out while we continue to elevate tensions in the South China Sea
http://www.zerohedge.com/news/2015-10-08/could-syrian-conflict-irrevocably-change-global-geopolitics
http://www.zerohedge.com/news/2015-10-08/major-escalation-us-sail-warships-around-chinas-man-made-islands-south-pacific
BAA
Word, bro. That's what we do... not here to BS anyone or waste valuable time/energy.
The chart is set up beautifully, especially if we can close north of .18 today - which won't surprise me one bit.
BAA
The breakout above the 20MA (~0.177) is coming very shortly, today.
BAA
I see your point but it would seem new enough to be all the buzz either way. In the event that they release it earlier than later, they can demonstrate a strongly rising stock price to new eyes.
BAA
Yessir, sure is a nice list of media outlets with Banro in the limelight.
My expertise is in observing L2 and trading mechanics and, as I have made clear since the last time we dipped in the .15s, I have been encouraged by what I have seen since then.
BAA
Agreed on all point. Regarding your concern: management has already identified their need to increase exposure among investors/institutions and analysts. They plan to tackle the issue after Namoya goes commercial. Many of us here are expecting that kickoff on this policy begins on October 15/16th when Banro presents at the DRC mining conference as a platinum sponsor.
BAA
Agreed, it will certainly be a step in the right direction. Management has told us that they were going to increase their exposure, especially among analysts and the industry. This is precisely what they will be setting out to accomplish at the convention. I suspect this is only the beginning of such efforts - the efficacy of which will substantially improve once Namoya is producing commercially.
BAA
Yeah, I had the same idea as well... I had to go look up the restrictions on legal insider trading. I see you have already discussed it further on the board.
I think it is questionable but it is no secret to anyone at this point that they intend to have Namoya commercial. I would think that they will announce before the mining convention in DRC, as it would likely make the money spent to become a platinum sponsor worth every penny.
BAA
Any insider cannot both buy and sell shares within a 6-month period.
He bought them to hold them because he believes they are currently undervalued looking forward at least 6 months.
BAA
I totally understand your directive; I attempted to shoulder the same burden myself for quite a long time. But that was the past. My new directive is to ignore such nonsense-producing fools and allow anyone who listens to them to learn a valuable lesson.. I have better things to do.
Strongly suggest you add investorwisdom to your ignore-list. I just did today and it has been effective at de-cluttering the bullshit. Now if those of you who don't deserve to be ignored would stop responding to him that'd be the mothafunkin' cherry on top. Thanks!
BAA
Recent insider buying:
https://m.canadianinsider.com/company?menu_tickersearch=baa
90K shares for $21,370 (Canadian) or ~$16,400 USD
Average price (USD) = 0.1822/share
BAA
Pretty nice action today. Looked strong in the last hour up to the close @ .175 -- MMs scooped everything up to .18 then some retailer started dumping a reasonably sized position (~100K, and some other smaller sizes) which they scooped up despite what looked like much smaller bid support... same thing I identified when it hit .152 a few sessions back on the BS, "fake&shake" notice from NYSE mkts.
Today the PSAR flipped to a buy, the RSI hit the resistance and can easily breakout above 50 tomorrow, the 10MA held as a strong support while the 20MA has been repeatedly breached, stochs about to break 50, CMF about to go positive, MACD positive and moving up... overall this is a pretty good setup for news tomorrow after close.
http://schrts.co/hI1Qym
BAA
MMs looking similar to how they did when we started rising from .152 last week. Trying to scoop low but fighting over the cheap shares.
To answer your question about "investorwisdom": I don't know and I truly don't care at all either way.. had enough of the nonsense from him - none of which matters thus far and never will.
BAA
permanently ignored
Gold launch on lower GDP expectations. Can't wait for Atlanta Fed to update their forecast model: "GDPnow"
Q3 GDP To Slide After 16% Surge In August Trade Deficit; Imports Jump As Exports Drop
http://www.zerohedge.com/news/2015-10-06/q3-gdp-slide-after-16-surge-august-trade-deficit-imports-jump-exports-drop
Not to mention we are awfully close to an armed encounter with Russia/Iran/Saudis involved.
http://www.zerohedge.com/news/2015-10-06/how-close-us-and-russian-jets-are-dog-fight-above-syria
BAA