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swiss cheese...
For Switzerland to join the EU and abandon the Franc as the national currency it would require a national referendum and a change of the constitution. It was 160 years ago in 1850 that Switzerland established the law that ensured they would be a global reserve currency. That decision has paid dividends to the Swiss damn near every year since. I see little prospect for such a major change anytime soon.
screw the socialist pigs
europe bans short selling.. next u.s. and naked short selling!!!!!!!!!!!!!!!!!!!!!!!!!!!!
then no more killing the pps of cgfia.!!!!!!!!!!!!!!!!!!!!
22%%%%%%%%%%%%%%%%%%%%
raised mgr on au 225 if this does not stop move tonite and we're up large than bonz will move....
bonz gap up.. au hitting 1815... don't give me the b.s it doesn't matter on au price... look @ the facts, bonz is not in business of fiat fraud...
au hitting 1815. maybe we gap up in cgfia with gold going to 1900.00
au now 1808
1801 au now, expect 100+ move now up!!!!!!!!!11
1798 spot now, hahha
too low 2500.00 when sock gen falls
yes gold will break 1800.
au hitting 1787.00
greatest one item when gold explodes will be the total destruction of the etfs'... these bllod suckers have destroyed the au/ag mining cos'. They re paper garbage.
THE FED GOT QE WITHOUT DOING QE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
gold will go much much higher.....
Micro Cap Stock Crisis and What You Can to Avoid it
by TomAllinder on July 17, 2011
Over the last few weeks a lot has happened in the micro cap world. Probably the biggest thing is the fact that one of the largest clearing houses, Penson Financial Services, will no longer clear stocks under a dime.
A few weeks ago, Penson put in place a new policy that essentially paralyzed all stock deposits, clearing and what have you for sub dime stocks. This new policy is across the board meaning no certs, no DWAC, DRS, ACAT or any other method for any stock under a dime.
Obviously this does not affect companies that clear elsewhere… yet. Rumor has it that other big houses will follow suit.
There are two big impacts of this policy…
The first is self explanatory and we have already covered it; no more stocks of any kind under a dime through Penson. The second however is that many of the bigger online trading firms clear through Penson. This means that if a trader or investor who uses one of the big online brokers and they clear through Penson, that trader or investor cannot purchase shares of any stock trading under a dime.
How to get around this?
For the big online trading firms, if they expect to keep all those commissions they earn on the numerous daily trades on the thousands of Pinks and OTCBBs that are under a dime, they are going to have to clear these elsewhere. This may or may not happen and if it does, it will take a while. The only way to buy and sell stocks under a dime is through smaller firms and full service firms. Being that most of the action on these low priced stocks are by traders and especially day traders, that will not work well. Day trading and having to use a phone is like asking a neurosurgeon to do a delicate procedure wearing welding goggles and gloves.
I have spoken to individuals at many of the big Financial firms in NYC over the last several weeks. They are already moving to smaller clearing firms or setting up their own clearing in-house. It might surprise many to know how many big financial firms in the Big Apple deal with small stocks. There is too much money to be made to let the sub dime stocks fall by the wayside.
There is a caveat however… and here is the biggest point I will make in this article:
They will only take stock of companies that are FULLY REPORTING and DTC eligible. They do not care what the price is as long as the company is fully reporting.
In other words, there is a big weeding out underway right now.
Speaking of DTC eligible, those companies that have lost DTC eligibility are going to get weeded out too. Why?
Stocks that are not DTC eligible run a strong risk of having trading of their stock suspended by trading firms because of the expensive administrative nightmare it causes. What makes this even more painful is if the stock suddenly gets good volume. That volume will dry up as trading firms suspend trading in that security.
When a stock is not DTC eligible, all the week’s trades have to be settled through PAPER CERTIFICATES; it is expensive and time consuming and most trading firms do not have adequate resources to handle this especially on high volume stocks. To compound the problem, the traders of that stock receive an unpleasant statement the following month because the costs of the administration of non-DTC eligible stocks are passed on to the people who bought and sold the security. This can amount to several hundred dollars for each trader/investor.
If a stock is DTC eligible all transactions are handled automatically and electronically.
More on DTC eligibility…
One of the best ways to lose DTC eligibility is to register stock in any other form than an S-1. Many Pink Sheet and OTCBB companies are still doing things like 504s which is severely frowned upon by the DTC.
Many companies that have done a reverse split over the last year or so have had their stock “chilled” (non-DTC eligible) by the DTC. The reason they are getting chilled is because right after the reverse split takes place, the company registers more shares (usually through a 504) for sale. This pisses the DTC off and they chill the stock and no matter how many resources the affected company throws at the DTC, they continue to be chilled and the DTC becomes less responsive.
So the conclusion I have drawn is simple:
If you want the stock of your company to keep trading, become a fully reporting company and register new stock the way the DTC wants it done.
While these issues have caused much grief lately, I think for the marketplace overall it is going to be of great benefit to both the surviving companies, investors and traders.
We all know that many if not most of the Pink Sheet and some OTCBB companies out there are nothing more than ATM machines for the management team and their “investors”. Those companies that have no money and no business will be left in “no man’s land”. Those companies that do clean up their act and become transparent will stand a much better chance of succeeding in business and in the marketplace. The pool of investors and traders will remain the same or grow while the companies to select from will be far fewer in number.
There will always be sub dime and sub penny stocks to trade and invest in, there will just be fewer and the companies will be more transparent."
free money to plow into cgfia... long the position limit in the swissy today.
THE FEDS JUST TOLD YOU TO PUT YOUR MONEY IN GOLD...
south korea bans short sales.
spot fx gold.
hahah , we're not done yet...
bobhwang Member Profile bobhwang
Share Monday, August 08, 2011 8:29:07 PM
Re: None Post # of 7133
gold now 1725, going to 1775.
gold 1772
au 1772
will u.s. steal gold from other countries....???????????????
http://video.cnbc.com/gallery/?video=3000037455
gold now 1725, going to 1775.
au now 1725
QE3 tomorrow and then gold hits 1775.00
j p moron calls for 2500.00 yr end... tooooooooooooooooo low morons
grease greece their colons.... haahahaha
http://finance.yahoo.com/news/Greece-bans-shortselling-as-apf-3675445418.html?x=0&sec=topStories&pos=2&asset=&ccode=
greeks just ban short sales.. hahaahaahaa
Gold up 1715 high, must have QE3 now tomorrow... inflation only way out.... ore prices will continue and once the idiots in d.c. realize u must have jobs then the infrastructure/wpa of last depression kicks in...
cwrn will be selling domestic and in mexico too.
au 1715.
1715 in au burn the shorts baby, your time to die!!!!!!!!!
au 15715
au 1695
only way $ can be saved is to back with some %%%%%%%%% of gold.
$ is dogchit. buy swissie
au 1692 now and cooking.
gold should open tonite up 30-35.00 1700.00... could then back fill before 100.00 run.
hahaha know the truth...
http://en.wikipedia.org/wiki/Hillary_Rodham_cattle_futures_controversy