acmefirewoodis...(put something here)
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Obviously the announcement of a Becton Dickinson partnership for LymPro is what we are all hoping for at some point in the future.
A development partnership for one of the orphan indications for MANF is also high on the list.
"Patience is a virtue."
There's an old marketing adage that says, "Sell the sizzle and not the steak".
This applies to AMBS. Lots of "sizzle" on the way while the steak is being aged.
The current share price is a gift.
IMHO
If gold goes to $1,100 will NUGT go below $30.00?
Rational thoughts?
The goods news is that almost every share bought today was above the closing price.
Releasing the news on a holiday and almost mid session with a low of .0483 showing wasn't the smartest decision.
That's all I'll say about that.
Bottom soon?
Licensing deal or development partnership with Becton Dickinson is what will really propel the share price higher.
Today's news put the market on noticed and cemented support in the .065 range.
Expecting another valuation article from Jason Napadano very soon.
News on other topics also expected: i.e. second orphan indication for MANF and possible Novartis news.
"Patience is a virtue."
All IMHO.
I think $29.00 is too low.
I'm optimistic.
Buy order in at .048.
Don't think it will get there on any quantity.
I have to believe we get news tomorrow.
I appreciate that approach.
I do have several limit buy orders in place should the shorts want to take it a bit lower.
GLTY
If you can afford to add shares at .05 or lower to average down I think you'll be in the green on the next news.
I expect tomorrow is the day. Holiday today ruled out news being released.
Before the open tomorrow makes perfect sense.
Follow the company on Twitter: @AmarantusBio ....8,565 followers
It appears that $40.00 is the current resistance level to the upside.
Assuming a debt ceiling deal is reached by Thursday any thoughts on what the share price will be on Friday?
I agree that the share price could easily exceed .15 with the right news.
Let's hope it happens.
The market cap is currently about $29M.
For all the shares to have converted the market cap would be in in the $70M range or almost 280% upside from now.
Let's hope they all have converted by November 15.
If China promotes their currency as a "gold backed" world standard currency to replace the dollar gold could double in a year.
Just a thought.
p.s. The miners are so undervalued I'm surprised that China hasn't pursued buying or investing in them.
"NUGT" - $150.00
All IMHO.
If China promotes their currency as a "gold backed" world standard currency to replace the dollar gold could double in a year.
Just a thought.
p.s. The miners are so undervalued I'm surprised that China hasn't pursued buying or investing in them.
"DUST" - $30.00
All IMHO.
Still trying to buy in at a lower price?
$29M market cap is too low based on the potential value of LymPro and MANF.
Let's hope we get some news this week to move the valuation more in-line with the company's potential.
Interesting weeks ahead.
"Weekly COMEX Gold Inventories: Huge Friday Sell Order Equivalent To 70% Of Gold Registered For Delivery"
From the article at SeekingAlpha:
What does this Mean for Gold Investors:
In short the story hasn't changed for gold investors in terms of the bullishness seen in the extremely low levels of COMEX gold inventories. But what investors should realize is that the electronic volumes that are being traded are so much greater than COMEX gold available for delivery. They should also note that there is an obvious attempt to push the price lower by entities with short positions - after all how else can you explain a 5,000 market sell order with no news during relatively thinly traded hours other than an attempt to ignite negative momentum?
So extremely low physical gold stocks available for delivery and entities with large short positions trying to push the price lower with huge market sell orders is not a recipe for a stable market. At some point we're going to have a scramble for the physical gold as either someone decides to call the bluff of these large shorts trying to push prices lower (think Icahn versus Bill Ackman), or the physical demand from Asia (Hong Kong reported tremendous gold import numbers during August from the US and Switzerland) is going to overwhelm the paper traders and force a cover. Either way we believe that the instability in the gold market is going to cause a sharp, sudden, disorderly rise in the gold price.
Thus we see no reason to change our bullish stance on gold based on COMEX gold inventories, and we recommend investors continue to accumulate physical gold and the gold ETFs (GLD, PHYS, CEF) while the physical gold supply continues to drop. For investors looking for higher leverage to the gold price, they may want to consider miners such as Goldcorp (GG), Yamana Gold (AUY), Randgold (GOLD), or even some of the explorers and silver miners such as First Majestic (AG). Finally, investors who own shares in some of the market ETFs (like SPDR S&P 500 (SPY), PowerShares QQQ (QQQ), and SPDR Dow Jones Industrial Average (DIA)) may want to consider buying gold as a hedge for these positions because the fundamentals are still very strong for gold.
With gold physical inventories available for delivery at such low levels, and entities actively trying to push the prices lower without the ability to back up their trades, gold still offers investors terrific potential. At this point, even the traditional investment crowd may take a keen interest in calling the bluff of some of these shorts especially as the investments like SPY are close to all-time highs.
We believe in the near future investors will look back and wonder why they didn't see the gold price rise coming, but all the signs are in place and it is simply a matter of patience.
http://seekingalpha.com/article/1742362-weekly-comex-gold-inventories-huge-friday-sell-order-equivalent-to-70-of-gold-registered-for-delivery?source=yahoo
My comment: Interesting months ahead for gold.
Possibly gold will be at $3,000 in five years or sooner.
Interesting scenarios to consider.
The Chinese have a long term view of what they want to accomplish. In the United States we think in terms of two to four years. In China they're thinking fifty years from now. The question is do they want their currency that is backed by gold reserves to be the world's stable currency in fifty years.
All things considered what country is in the best position to accomplish such a goal for their currency?
"Weekly COMEX Gold Inventories: Huge Friday Sell Order Equivalent To 70% Of Gold Registered For Delivery"
From the article at SeekingAlpha:
What does this Mean for Gold Investors:
In short the story hasn't changed for gold investors in terms of the bullishness seen in the extremely low levels of COMEX gold inventories. But what investors should realize is that the electronic volumes that are being traded are so much greater than COMEX gold available for delivery. They should also note that there is an obvious attempt to push the price lower by entities with short positions - after all how else can you explain a 5,000 market sell order with no news during relatively thinly traded hours other than an attempt to ignite negative momentum?
So extremely low physical gold stocks available for delivery and entities with large short positions trying to push the price lower with huge market sell orders is not a recipe for a stable market. At some point we're going to have a scramble for the physical gold as either someone decides to call the bluff of these large shorts trying to push prices lower (think Icahn versus Bill Ackman), or the physical demand from Asia (Hong Kong reported tremendous gold import numbers during August from the US and Switzerland) is going to overwhelm the paper traders and force a cover. Either way we believe that the instability in the gold market is going to cause a sharp, sudden, disorderly rise in the gold price.
Thus we see no reason to change our bullish stance on gold based on COMEX gold inventories, and we recommend investors continue to accumulate physical gold and the gold ETFs (GLD, PHYS, CEF) while the physical gold supply continues to drop. For investors looking for higher leverage to the gold price, they may want to consider miners such as Goldcorp (GG), Yamana Gold (AUY), Randgold (GOLD), or even some of the explorers and silver miners such as First Majestic (AG). Finally, investors who own shares in some of the market ETFs (like SPDR S&P 500 (SPY), PowerShares QQQ (QQQ), and SPDR Dow Jones Industrial Average (DIA)) may want to consider buying gold as a hedge for these positions because the fundamentals are still very strong for gold.
With gold physical inventories available for delivery at such low levels, and entities actively trying to push the prices lower without the ability to back up their trades, gold still offers investors terrific potential. At this point, even the traditional investment crowd may take a keen interest in calling the bluff of some of these shorts especially as the investments like SPY are close to all-time highs.
We believe in the near future investors will look back and wonder why they didn't see the gold price rise coming, but all the signs are in place and it is simply a matter of patience.
http://seekingalpha.com/article/1742362-weekly-comex-gold-inventories-huge-friday-sell-order-equivalent-to-70-of-gold-registered-for-delivery?source=yahoo
If China promotes their currency backed by gold as the new "safe haven" what happens to the price of gold?
My expectations also.
The important thing is that the eventual market cap will be many times the current market cap. I think that is what all the current shareholders are expecting long term.
Thanks for the analysis.
It's my firm belief that over the next twelve months that buying NUGT shares at the current price offers substantially more upside that buying DUST shares.
The world economies and currencies are still facing major challenges and will do so for years to come. Gold is still one of the best hedges long term.
"Patience is a virtue."
Nothing has changed here.
I still think that anyone that is buying at the current share price will make a tremendous amount of profit over the next three years.
Place your bet.
I always enjoy reading your insightful posts. I think you're probably the most informed poster on the board. I suggest that others follow you and get involved in whatever point of discussion you chose to make.
That is what this board is about. Giving the less informed the opportunity to obtaian valuable insight from those posters that have relevant insight.
My experience is that no one knows where gold is headed.
You can find an "expert" predicting just about any price level from $900 to $1,700 over the next 12 months.
If anyone posting on this board knew for certain what the price of gold would be next week, next month, or next year they wouldn't be posting on this board.
p.s. Everyone posting here has an agenda. Except for me.
I bought 300,000 shares today in the .049 range. Whatever that might mean.
I've called several times. Most recently one minute ago. Goes to voice mail.
Gerald once said to me, "Why is it that everyone seems to call when the share price is going down but no one calls when it's going up."
Possibly he's being deluged with calls or possibly it's a silent period with significant news on the way.
At this point in time it is what it is. Hopefully we'll get news on Monday.
Have a great weekend!!!
At this point in time I'm as much in the dark as everyone else.
Surprised we got no news of any type from Gerald this week.
The current market cap on a fully diluted basis is about $35M which I believe significantly undervalues the company.
Calm before the storm?
Have a great weekend!!!
Took me a day or two to get over being upset.
It's oversold here. Still it follows the price of gold.
Monday is a different day.
Gap up on Monday. It happens.
$50.00 or higher by next Friday or sooner.
Free $$$$$$$$$$$$$$$ here.