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Gold got knocked down b/c of a 27% margin hike by the COMEX exchange, who leaks it to their insiders and then shorts it the way down just in time for COMEX option expiration tomorrow, in the benefit of all the manipulators positions.
All of the financial options on gold (and silver) must close in a price range the bullion bankers desire, as per every comex option expiration date... and this time the only way to get a downdraft was to let gold over-run and then cause a liquidation event, as there are no real sellers of gold in this market, only forced paper sellers and those scrambling to "run away before the bubble burts."
http://www.zerohedge.com/news/and-theres-your-perfectly-leaked-explanation-cme-hikes-gold-margins-again-time-27
Options Expiration Calendar (If you notice every time an expiration date comes, we get massive raids in gold/silver that week... you figure it out for yourself).
http://3.bp.blogspot.com/-rUPU7dZVjDE/TlK7SnWqAYI/AAAAAAAARpw/I15xlOpbMMY/s1600/2011optioncalendaraug.PNG
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This bubble will not burst, as the only bubble that exists right now is the US Treasury Bond bubble and the Dollar Reserve Status. Gold will trade above 2500$ this year, and that is probably being conservative.
http://www.tfmetalsreport.com for more information on gold and silver.
Gold/Silver miners will be just fine.
Indeed RetiredMM, however, I don't think they would want to project such a lofty number, even if that was feasible/expected on the inside. First of all it would draw attention to "why is this company projecting so much, and why are they being awarded so much," in the reconstruction industry. Secondly, i think Lewis Lucke has the connections, as the $10billion dollar Clinton chaired purse represents a"gold mine" scenario for those on the inside... jmo, as even Mr. Lucke has pointed out in several articles.
On top of the Haiti stuff, something tells me that the demand for natural disaster homes is going to be going up vastly in the next 3-6months... as I believe more earthquakes are coming. This industry could have the spot-light on them in the very near future, giving a new found role of importance in society (never assume things will be as they have been... false comfort!)
Then, throw in any wildcard news on any other developments/contracts/etc... or even an awareness campaign... and there is potential here.
Thanks for your posts, I usually catch them before some of them "disappear," you have a good handle on things. I am aware of risks that are taken when you invest in a stock, especially betting on the future :).
I agree with the sentiment, and have been following the Prime Minister's unfortunate series of choices. This will be the definitive "add like crazy signal" if you are to believe that MSMY will be awarded large contracts out of the 10billion$ purse, as RetiredMM's analysis is mine as well.
Regardless of separate or not, I am wondering where that bid/ask size came from? How does 300,000 shares go through? Who filled that when it wasn't on the ask side is my question.
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I think its fair to say with the recent fall to .04, all of the weak hands are out. Strong hands hold, accumulation/distribution still high.
GLTA
300,000 shares Just purchased at the ask in the .055-.058 range.
Could this be short covering? Is there any way to know this type of thing?
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Seems there is a high concentration of shorts per daily avg volume...
http://www.otcmarkets.com/stock/MSMY/short-sales
Am I confused on this matter?
One 10,000 order on the ask, and all of the sudden the massive bid support comes back and now is out-biding itself? Hmmmm...
There is definitely a major player playing momentum both ways.
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Response from Investor Relations
...
The new regulations inside the fragile Euro Zone are making it difficult for us to penetrate there at this time.
We are working to close some large projects. So hang in there. My finance guys are working on implementing some new IR programs. The building industry is always a long term process because of the approval processes and regulations implemented by the government. I have attached a new design for mine worker families in Colorado & Arizona. It is designed to be delivered on a truck to the site from the factory.
Pictures can be found here:
http://imageshack.us/g/17/05bu.jpg/
(Tim Algier)
What was the size on the ask?
http://www.otcmarkets.com/stock/MSMY/short-sales
Short interest on lower average volume -- someone making a bunch of $$ on this move. These guys have to cover eventually, no?
Sources: Evans Paul to be 3rd Designated Prime Minister
insert-text-here
Evans Paul
PORT-AU-PRINCE, Haiti - According to sources, the President of the Republic of Haiti, Michel Joseph Martely, will appoint former Mayor of Port-au-Prince, Evans Paul as Prime Minister .
Sources close to the National Palace stated Signal FM that the leader of the Democratic Convention Unit was approached and now the head of Alternativ political party is rumored to be receiving a proposal.
Information reported, claimed that Evans Paul and Thierry Mayard-Paul, the current Chief of Staff to President Michel Martelly, were best placed to be appointed prime minister, but Mayard-Paul expressed his disinterest on Tuesday, saying he prefers to remain Chief of Staff.
"No, I'm not interested, it's official. I am the head of the Office of President Martelly and I remain in this position, "said Thierry Paul Mayard.
HPN wanted to confirm the information circulating in political circles Monday that the son of the late Mr. Constantin Mayard Paul would be appointed.
Senator Joseph Lambert, believes President Martely's interest is to choose a personality capable of inspiring confidence.
MPs believe that the president has taken too long to restart consultations to appoint a new prime minister. Until Wednesday, the presidents of both chambers were not consulted on the choice of a personality.
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From Wikipedia:
Evans Paul, called K-plimo, is a Haitian politician and former president of the Democratic United Committee (Komite inite Demokratik, KID). He was elected mayor of Port-au-Prince in the 1990 elections that brought Jean-Bertrand Aristide's National Front for Change and Democracy party to power. He made an unsuccessful run for President of Haiti in the 2006 elections under the Democratic Alliance Party banner.[1][2] He was leader of the Convergence Démocratique prior to the 2004 Haitian rebellion which overthrew Aristide.[3]
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Maybe this is the prime minister that will make it through a critical parliament, as he seems to have more balance with the alternative party.
Bids are building up steam.... market makers such as VFIN and SUNR playing on the bid side upwards. They are not usually around, first time I have noticed this.
That, and the asks seem thinly spread on the level 2. Very interesting situation indeed.
As for the 2015 financial projections, it could be b/c their subsidiary company contracts have runoff into MC Endeavors revenues. Does anyone know if this was their consolidated financial projections? I would think not, otherwise their other news would not match up.
GLTA
~110,000 shares of ask slapping in last 5 minutes.
Tons of 10,000 Lots being accumulated. NBRI Looking good after it was blocked from moving higher after super consolidation. Remember this stock has gone from .02 to .20 in the last 8 months. It is to be expected that some bigger players exiting (for whatever reason) easily moves pennyland.
Looking forward to the ride.
Hmm this trading action this morning is intriguing. It seems like the MM's are moving their positions around or so it seems at least.
Broad-base market selling not helping the confidence of buyers on a day like today. Especially in speculative stocks, no matter how much MSMY has going for it... there is more fear in the investors mind on a day like today than euphoria is my guess.
QE-III is coming soon.
What it boils down to...
Lewis Lucke/Clinton Connection? Connect your own dots. - One lobby's for contracts, one is is co-chair of the financing.
MC Endeavors Director U.S. Ambassador Lewis Lucke Views Saturday's Inauguration of President Martelly as a Meaningful Turning Point for Haiti
8:37a ET May 17, 2011 (Business Wire)
MC Endeavors, Inc. (PinkSheets: MSMY) "This is a new Haiti that is open for business now" declared newly sworn-in President Michel Martelly. "We are going to change Haiti" he promised during his inauguration speech on Saturday. Punctuated by applause and cheers, Martelly made it clear that a top priority will be to restore confidence in government and then he served notice to the country's police and judicial authorities: "No more injustice."
MC Endeavors' Director U.S. Ambassador Lewis Lucke viewed the inauguration of President Martelly as "An optimistic time for all Haitians and its many international partners and a meaningful turning point in Haiti's history." Lucke went on to state that, "So many Haitians fervently hope that President Martelly will be the leader voted into power by the people who can fulfill the needed leadership role that will encourage foreign governments to accelerate the release of reconstruction assistance that has been sidelined during the long election process."
An important invited guest at the inauguration was U.S. President Bill Clinton, the U.N. envoy who co-chairs the IHRC (the Interim Haiti Reconstruction Commission) which was set up after the earthquake to monitor the purse strings of some $10 billion in pledged aid.
MC Endeavors CEO Tim Algier emphasized that, "We welcome the opportunity to really make a difference in addressing the homeless situation by being part of the reconstruction team of firms that will be building new affordable, permanent housing for almost 700,000 Haitians who have been living in tent cities for over 16 months now. The American Red Cross, other international organizations and other donors will be proposing permanent housing and other reconstruction programs that total many millions of dollars over the next few months.
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A couple months from 5/17 means 7/17 and on.... which could be anytime if Martelli can just convince the parliament on a prime minister. Won't be easy though, but I have a sneaking suspicion that they will eventually let someone through.
The proposals are surely being talked about already.
At least in my mind.
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GLTA
Volume is low today, as it has been for the previous weeks. Earlier today when we went from .092 open to .08 on 25,000 shares... that equates as a 13% loss of market value for MSMY on about $5,000 worth of sells to the bid. Do you see the disconnect and the nature of penny stocks?
We need news, a promo, or a momentum run that brings in others to the MSMY story.
The MSMY story really won't be realized unless/until Martelli can get the IHRC in place along with a prime minister through the parliament.
Martelli knows the situation is dire and he is feeling the pressure from the people now as well as the politics.
That or some other unexpected news, but I am here for the Haiti Contracts, as I think Mr. Lucke did not join the MC Endeavors team to not deliver big reconstruction contracts.
MSMY has the product Haitians need, it has the political/insider connections, and is taking the proper steps it would seem.
MSMY Primed for Liftoff?
Nice 7 bids between .092 and .0941 with Nite now moving up above, maybe about to start a bidding war between algos as even though the price has retreated in the last several days, there has been more ask slapping than bid hitting from what I can tell.
The accummulation/distribution keeps going up... and the MACD is about to turn into a buy signal on the daily charts. If we can pop over .11 and stick above the 50day moving average at close, I would venture to guess that momentum chasers will emerge bringing MSMY back to the .13-.16 range.
With President Martelly in Haiti urging reconstruction be fast-tracked, and Lewis Lucke down in the thick of things, I would venture to guess some big news is coming soon... and if so... it could really turn MSMY into a big winner, setting it up for even a larger scale.
They don't need to raise money through shareholder dilution (as they get their money from contracts especially in the Haiti situation (assuming they are awarded to MSMY))...
I am excited to see how it plays out.
No Problems w/ Lvl 2 Here
I see this using Etrade-Pro.
Must just be on your end.
MSMY 50DAY MA is .1144. Come on lets get 41k shares bought before end of day!!!
Go MSMY!!!
(hah :))
Thanks for the response RetiredMM, your insight has been appreciated in giving me a better understanding of what is occurring as usually I am a quite lurker, but your opinion seems to have been legitimate and well thought out.
I have been adding bits and pieces down here already, but have money tied up in some of my favorite silver/gold miners that I am not about to let part to cover the short-sightedness/greed... I am aware that there are good returns to make to get back to whole (assuming it makes it back), but I am quite happy to sit and wait this one out for a while... as I am more aware of the timing of my junior miners rather than various pennystocks... and I don't want to miss the moves in some of my favorites there with the US Debt Ceiling about to be risen in the next couple of days.
We are at the super-cylcle point for gold, as it is making highs against the Euro, The Pound, The Dollar, The Canadian Dollar, and closing in on the Franc...
I wonder how MSMY will handle an inflationary climate, as that is what I see coming in the near future. There will be plenty of room for innovative companies though, so interested to see how this one goes!
I look forward to your future insight, and continue to learn valuable information from your posts regarding market behavior. This is just all a big learning experience anyways... so the faster I admit my faults and understand from my "learning experiences.." I will be ready to make clear-minded decisions not affected by greed, but with sound reason technically, behaviorally, and fundamentally.
There is a lot of manipulation going on in almost all markets (what isn't manipulated these days!), but it seems a bit immature and "against what we want to believe" type of feeling that comes across this board when there is selling instead of buying...
The bid/ask lots on these stocks are so thin that a lot of people here take for granted how a couple big buyers or sellers can so easily move the share price on the whim of a few large trades.
I agree we are going to need BIG volume.
Cheers
Reconstruction Week in Haiti
http://www.jamaicaobserver.com/news/It-s-Reconstruction-Week-in-Haiti_9255181
PORT-AU-PRINCE, Haiti (CMC) — The Haitian Government is moving to implement projects aimed at rebuilding the capital following the massive earthquake in January last year that killed an estimated 300,000 people and left more than a million others homeless.
President Michel Martelly yesterday launched the project "Kay Pa m" to facilitate access to credit at a preferential rate of eight per cent over a 10-year period for those who are employed in order to construct or acquire their own homes.
The Office of the President said Martelly wants to assure the entire population that "once the government is put in place, everything will be implemented and the country will start in the final path of modernity as desired".
On Monday, Martelly launched Reconstruction Week in Haiti with several plans being put into action for the rebuilding Port-au-Prince.
"We will soon begin the construction of buildings to house public institutions at the rue du Champs de Mars," a statement from the Office of the President said.
It said the event was also an opportunity for Martelly, who came to office in March this year, to point out the need for the country to create new poles of development.
President Martelly stressed the urgent need to "rebuild" men, buildings and infrastructure. He called for a change in attitude in how to manage public affairs and in the way of "doing politics".
Construction and the removal of rubble since the devastating earthquake has been sluggish and many projects await approval before funds could be disbursed by international banks.
http://www.trust.org/alertnet/news/wrangle-over-prime-minister-holds-up-haiti-recovery/
Diplomats and donors say the Western Hemisphere's poorest state desperately needs a new administration in place to advance recovery from the 2010 quake that killed tens of thousands and wrecked much of the capital Port-au-Prince.
"As long as there is not agreement on the prime minister we are completely stuck," said Roland Van Hauwermeirin, country director in Haiti for international humanitarian agency Oxfam.
Oxfam says Haiti's leaders urgently need to relocate more than 600,000 quake survivors still living under tents and tarpaulins. This requires swift decisions to resolve land tenure obstacles and approve resettlement housing projects.
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The concern about the political deadlock appears to be shared by major donors such as the United States, which invested considerable funds and active diplomacy into steering through the often chaotic Haitian elections which were roiled by serious fraud charges.
"To decide on future projects, we need a counterpart, a Haitian government that we don't have now ... we are impatient to work in cooperation with a new government," U.S. Ambassador Kenneth Merten said this week.
There were some signs that Martelly might be able to shift the blame for the government paralysis onto parliament, presenting lawmakers as selfish spoilers seeking to preserve their political power when the country needed action.
When Martelly strolled back on foot to his palace after visiting parliament on Wednesday, supporters chanted criticism of lawmakers and shouted: "We need a government now." (Additional reporting in Miami and writing by Pascal Fletcher; editing by Mohammad Zargham)
The Stateless Haiti
All that needs to be addressed concerning MSMY for me is the connections and the steps it has already taken as if it were going to become a major player.
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A company doesn't have a person like this jump on its board to not be going places....especially with their unique niche as a green reconstruction company specializing in natural-disaster proof houses. How timely!
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U.S. Ambassador Lewis Lucke
University of North Carolina - Chapel Hill
Ambassador Lewis Lucke most recently served as US Response Coordinator for the Haiti earthquake, leading the United States’ $1.0 billion to date relief and recovery program.
Ambassador Lucke recently returned to his international consulting business, Lewis Lucke, LLC, brokering US investment into developing countries in the Middle East, Africa and Latin America.
Previously, Mr. Lucke was nominated by President George W. Bush and served as US Ambassador to the Kingdom of Swaziland from July 2004 through July 2006.
Ambassador Lucke served for 27 years with the U.S. Agency for International Development. His prior position was that of first USAID Mission Director for Iraq, where he managed a $4.0 billion reconstruction and economic development program, USAID’s largest program ever and the largest reconstruction effort funded by the United States since the Marshall Plan.
Does anyone have an explanation for the drift from .40 down to .03 from January to March? Is it because of the lack of news and knowledge about this company or something like dilution?
I have accumulated low 6figures of shares in the past several days. Not all at the best prices (oops), but I love the story and am looking forward to see what MC Endeavor has to offer. Having the connections it does and style of thinking, this is the type of business set to thrive. Innovation is needed in today's world, and innovation MC Endeavor seems ready to provide to those who need it most.
The right mindset for the right sector at the right time is the way I see it.
Very good article concerning Tinka Resources and Peru after Hamalas Election.
http://thefundamentalview.blogspot.com/2011/06/is-there-fear-trade-opportunity-in.html
Long here.