"Stepped back, took a look, saw a pimple on an elephants arse....just saying."
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Time to own some gold and silver miners, especially the ones that are producing...
Greece dispatches officials to U.S., default fears grow
By Lefteris Papadimas
ATHENS | Mon Jan 16, 2012 9:05am EST
(Reuters) - Greece sent senior officials to Washington on Monday for meetings with the International Monetary Fund as it raced against the clock to break a deadlock in debt swap talks that has prompted new fears of an unruly default.
Barely a month after an injection of bailout funds helped avert bankruptcy, Greece is back at the centre of the euro zone crisis as fears of a default and a subsequent euro zone exit overshadow a mass credit downgrade of euro zone countries.
Athens needs a deal with the private sector within days to avoid going bankrupt when 14.5 billion euros of bond redemptions fall due in late March. But talks with its creditor banks broke down without an agreement on Friday.
Greece put a brave face on the standoff.
"There is a little pause in these discussions. But I am confident that they will continue and we will reach an agreement that is mutually acceptable in time," Greek Prime Minister Lucas Papademos told CNBC television.
He said talks on both the debt swap and the latest bailout must be completed over the next two to three weeks.
"This is the objective. I think the conditions are in place in order to do so," Papademos told the broadcaster.
A deal with the banks must be sealed before senior inspectors from the EU, IMF and ECB "troika" arrive in Athens next week to finalize a second, 130-billion-euro bailout.
The banks say Athens is not the problem in the talks, suggesting the issue lies with terms insisted on by foreign lenders keeping Greece afloat with aid.
In a bid to resolve the impasse, a government source said the head of Greece's debt agency and a senior adviser were travelling on Monday to Washington to meet IMF officials - just a day before a team of technical experts from the troika arrives in the Greek capital.
Under the bailout terms agreed in October, Greek privately held debt would be reduced by half so that, together with structural reforms, the overall debt to GDP ratio of Greece would fall to 120 percent in 2020 from 160 percent now.
UNCERTAINTY GROWS
Charles Dallara, head of the Institute of International Finance who represents Greece's private creditors, told the Financial Times an agreement in principle was needed by the end of this week if it was to be finalized in time for the March bond redemptions. He said the Greeks were not the problem.
"All the European heads of state said they wanted a deal with a 50 per cent (haircut) and a voluntary agreement," Dallara was quoted as saying. "Some of their own collaborators are not following that decision."
After initial optimism last week that a deal was near, negotiations stalled on Friday over the interest rate Greece must pay on new bonds it offers.
One banking source said official sector creditors had asked for a coupon of less than 4 percent, irking banks for whom it would have meant losses of over 75 percent on the bonds.
A second source said the banks were ready to strike a deal if they reached common ground with the EU, IMF and ECB.
Greece has continuously missed its fiscal targets and the latest impasse in talks has prompted speculation that the country may need further financial support to put its debt on a viable footing.
In its fifth year of recession, Greece has repeatedly flirted with bankruptcy in recent months, with only bailout loans from European partners and the IMF agreed on condition of unpopular austerity measures preventing a default.
Papademos played down speculation that Athens would need additional aid to that agreed at a euro zone summit in October.
"I think the funds that have been pledged at the Euro Summit, combined with the outcome of the private sector involvement process should be sufficient in order to support financially the Greek economy," Papademos said.
Uncertainty over fixing Greece's debt crisis is more of a threat to Europe's stability than the downgrade on Friday of nine euro zone countries' credit ratings by Standard & Poor's, British finance minister George Osborne said on Monday.
The downgrades were largely expected and traders said pressure on Italian and Spanish bond yields on Monday were offset by the European Central bank stepping in to buy the bonds.
Bill Gross, the manager of the world's largest bond fund PIMCO, said in a Twitter post that the Standard & Poor's downgrades had made investors "aware" that countries can default and Greece would be the next example.
Welcome to the board =idFix", all your friends are invited too. Lets get this thing bouncing north...
Welcome to the board LUCKY_CHARMS. Lets all make some money.
What do you make of all of this Z? I think that good old "mass market phycology" is about ready to speak, no? Does not matter to me how it happens, just as long as it does.
PCFG .0159 buzz is on. Watch tomorrow.
PCFG prominent in the Buzz Cloud and justified too...
Time for PCFG to leave the 1's behind......forever.
How long was it there? TIA
Robo, let me buy you a drink. Cheers.
Thanks. There is nothing wrong with flipping a portion of a position you are in. I do it with plenty of the stocks I have a long position in. Some people want to believe it is a crime. Some people want to believe it is beer money. A $56 or $598 or $15 or $1678 profit in a flip adds up very quickly over twenty trading days every month, especially if you do it a few times a day. It is how I make my living. My long positions are for my retirement....
Have a great weekend.
Go PCFG!
And hopefully they have employed that all important lab person(s)they were looking for.
Nice volume today.
PCFG acting like a self-deprecating dweeb.... Lots of sellers down here. Something still not smelling good.
Hope you all have a great weekend.
Good information, thank you.
PCFG .0175 + 9.4% Mill hours tripled last Q. Updates are few from the company however DD on the PCFG board shows that official hours at the mill tripled, workers 11, hrs 6674. This is a junior gold mine on the cusp of production
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70845153
Board Marked! Nice one.
Green coming soon.....
Normal run of the mill here (no pun intended), ask gets whacked, ask drops......typical.
NIce hits on the ask.... !!!
Looking very healthy. Still wish I could get some at a lower price though.
I would be rather nice to get news just before the long weekend.....mind you, the news we just got this past 24hrs is good enough for me.
Martin Luther King, Jr. Day schedule, January 16, 2012
On Monday, January 16, 2012, all US markets (including equity, option, and fixed income) will be closed in observance of Martin Luther King, Jr. Day. In addition, there will be no Pre-Market or After Hours trading sessions on January 16, 2012.
Due to the Martin Luther King, Jr. Day observance on Monday, January 16, 2012:
Equity orders placed between Wednesday, January 11, 2012 and Friday, January 13, 2012 will settle as follows:
Trade Date Settlement Date
Wednesday, January 11, 2012 Tuesday, January 17, 2012
Thursday, January 12, 2012 Wednesday, January 18, 2012
Friday, January 13, 2012 Thursday, January 19, 2012
To hold or not to hold.......lots can happen in three days.....
Martin Luther King, Jr. Day schedule, January 16, 2012
On Monday, January 16, 2012, all US markets (including equity, option, and fixed income) will be closed in observance of Martin Luther King, Jr. Day. In addition, there will be no Pre-Market or After Hours trading sessions on January 16, 2012.
Due to the Martin Luther King, Jr. Day observance on Monday, January 16, 2012:
Equity orders placed between Wednesday, January 11, 2012 and Friday, January 13, 2012 will settle as follows:
Trade Date Settlement Date
Wednesday, January 11, 2012 Tuesday, January 17, 2012
Thursday, January 12, 2012 Wednesday, January 18, 2012
Friday, January 13, 2012 Thursday, January 19, 2012
It is like everyone is waiting for a penny to drop.......
Some numbers to play around with.
http://www.simplyhired.com/a/salary/search/q-Mill+Worker
I agree, money to be made for longs and traders. Shorts not so sure.....
If those 35700 shares at .0125 are an all or nothing order small hits will not change it and the MM (NITE) will just sell the smaller trades out of their inventory or they will naked sell it.
PCFG, Rig, official MSHA numbers show that mill hours at Pacific Gold tripled last Q workers 11, hrs 6674. PCFG junior heading for full production. Get some before multiple pennies.
This is great news. Knew I should have hit the ask more............
PCFG Mill hours tripled last Q. Updates few from the company but DD on the PCFG board shows that official hours at the mill tripled, workers 11, hrs 6674. Get some in the low pennies while they are still available.....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70845153
I tell you, it is hard to get a decent amount at .016!
Someone knock out those irritating .0125's! Nothing doing on the bid, no one is selling......
Garbage? LOL you need to turn the chart around, you are looking at it upside-down!
Does it make sense now?
Looks like it is itching to probe that three sooner rather than later.
Six month chart looking pretty sick too. Trend is down. Even the 200dma is turning down. The MFI is not close to the oversold position yet.
Only positive I see is maybe a six week cup and handle forming (I want to buy at the bottom of the handle) and the bb bands being very tight.
Again, only very good fundamentals are going to get this out of a hole.
If everything was static and not bipolar there would be no market. How do I decide? Easy, when it is going higher I cheer it on, then sell. When it is going down I cheer it on too, then buy. Nothing much to it.
Someone usually always knows. And that someone is never me!
Come on Robo! Surely you can do better than that!