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How is this being accumulated at little or no volume? I haven't seen a big volume day on BONZ in years. It's as dormant as their 'mines.'
Well, one thing I've noticed about BONZ is it CAN go up on the slightest bit of volume. Some whale could cause this to run big time in a short amount of time. Of course, it wouldn't last.
They're going to have to do a better job with the 'official' site of Bonanza. It's embarrassingly ugly, simplistic and chalk full of nothingness. No real info or means to generate a buzz. What's wrong with their thinking?
http://www.bonanzagoldfield.com/properties.html
What is this? Three random photos taken in the desert? Does this make anyone want to buy BONZ? I think not.
Remember the previous BONZ ownership and website. Now THAT was snazzy. It was an attractive site filled with the hope of gold. They even showed a photo of a large splat of the metal in someone's palm. In actuality, that splat had nothing whatsoever to do with BONZ, but at least those shysters knew how to do some basic marketing.
They don't have 80 mines, come ON. A claim is not a mine.
Also, if they had palladium, they might be on to something. Palladium is at an all-time high.
Copper? Meh.
Palladium reaches an all-time high. How much higher will it go?
Palladium is one of the rarest metals on earth, about 15 times more rare than platinum and 30 times more rare than gold.
Palladium at an all-time high.
Palladium is one of the rarest metals on earth, about 15 times more rare than platinum and 30 times more rare than gold.
Looks like profit taking today, though.
This could be the start of that short squeeze. Glad I got back in last week.
Are you talking about the huge run it just had or one yet to come?
Got back in at the upper $1.50s. I may add if it dips again.
I'm getting back in next week too if it has a decent dip.
Well, I got part of the boat here, but missed the biggest part. Congrats to those who held.
Congrats on getting it right. Let's see if there's a continuation next week.
I dunno--maybe a continuation, but I had to take profits. I'll get back in on a dip.
I got out on the modest rebound the other day--took my lumps. That's what I get for thinking the miners were finally breaking out.
I might try again, but it will have to be on some lower low.
They must be dumping all that gold they stole from Syria....also leveraged with paper gold, of course. A lot of damage was done, but we're getting a bit of a rebound at least.
They must be dumping all that gold they stole from Syria....also leveraged with paper gold, of course. A lot of damage was done, but we're getting a bit of a rebound at least.
Can't spell FELON without ELON
https://www.zerohedge.com/news/2019-03-03/kupperman-cant-spell-felon-without-elon
That's wise.
I'm not a day trader (not any more) otherwise I'd be tempted to bail--some damage is being done here. On the other hand, gold needs a bounce after being down nearly a week.
I'll reassess things on Monday.
Funny--I just had a conversation with a friend the other day who is a big silver bug. He knows I'm a 'former' silver bug who is now cynical about it, but he made a good case for higher silver prices. "JPM is in big trouble because they colluded to drive silver prices down!" Or something like that. "The US Mint is out of silver!" Or something like that. "China and Russia have bought and are still loading up on gold!" Or something like that.
No, JPM will get a slap on the wrist at best. The central bankers are never in trouble because they own and control our monetary system. If they want to drive gold and silver down, it will go down regardless of shortages, collusion, or Russia and China. This is why I've been more comfortable with a short angle.
This is in falling knife mode now. Will it bounce? Stay tuned.
Nobody went broke taking profits--if you made money on JNUG, then you did good.
We should see a bounce for gold and JNUG. Looks oversold to me. I could be wrong!
I've not owned JNUG in a long, long time. I've mostly been on the short side of gold. Silver likewise has gotten hammered, even though the mint is perpetually out of silver. We live in strange times, lol
Added a little more here--but I'll keep a tight stop.
$9s already. Probably stops getting triggered. Was the gold run over the past few months just a big bull trap? Maybe.
I'll be adding there, too...probably not until Monday, though. Gold had better bounce from here or it's back to bear market territory.
I thought gold would hold $1,300. I thought wrong. Could see sub $10 here very soon.
Those of us who got in under a buck will probably end up happy. This slow, steady rise is fine by me. Any sudden pop and there will probably be a rush toward the exists.
Picked up a little here...more if it can break $10.
Anyone else nibbling on the $10.30s?
Gold sure is having a tough time busting through the $1,350 level. Will JNUG break $10 again after all? I sort of doubt it, but we'll see.
Yeah, we have had a nice little pop today, but I think people will be moving in and taking profit if it goes much higher.
I see USAS broke $2 for a while this morning. A nice uptrend continues.
I bid $501!
That's a very tragic story often retold with penny stocks. You have to wonder, though--what did they do with all that money? My guess is they pocketed it rather than build any semblance of a business.
I bought a little, too--very good post you wrote.
Very interesting post, Maverick. I know you were doing terrific with silver for a while and glad you cashed some out.
I was once deluded enough to imagine I was smart enough to figure all of this stuff out. I liked to boil things down to simple equations. I didn't get into granular details, but rather tried to see the big picture.
I did very well with my PM stocks--particularly silver--until JPM crashed it early in May, 2011. They illegally colluded and shorted to make that happen. Fortunately I did sell some of my physical in the $40s, but took a beating with the stocks and worse, getting leveraged with silver futures.
As to my big picture, I finally did see it and what I saw was massive rigging and corruption. I saw that things were far, far more rigged and corrupt than I realized. Not just with the markets, but everything--especially politics.
The Federal Reserve has got to end. Their debt money is madness. The QEs never really ended and Martin Armstrong called it correctly--he said the Dow was going to 20,000 when it was around 10,000. He knew that easy money would go into stocks, because of low interest rates and a bad bond market. So here we are--big government is still spending like drunken maniacs and the debt continues to climb--now to $22 trillion. The Fed can't raise rates because it would be the death nell of any economic rebound. They're pushing on a string. The bubble makers are, at the end, their own bubble. It needs to be popped. The Fed must be ended or their immoral system of money will end in and of itself. Maybe we'll see Bitcoin continue to rebound. Or gold and silver will finally break out of the bear market. People are desperate for alternative money systems--they want sound money. Gold and silver have worked in the past and they remain Constitutional money. We'll see.
Gold could go up naturally as fear continues to percolate over the widening divide in the country--red vs. blue...with the latter ramping up their shrill call for socialism, which has always been and always will be a disaster. Come to think about it, having some real money--gold and silver--in one's safe is starting to sound like a good idea again. That and ammo and freeze dried food, medicine, bottles of booze and so on.
I expected the big miners to buy out a lot of the struggling JVs. It has happened a tad, but not to the degree I expected. I also would rather buy US miners--Idaho silver miners, for example. (Yeah, I know this one is Canadian despite the name). It's hard to trust what could happen in other countries. Take Tahoe Resources, for example...nice resources but tenuous political circumstances.
Anyway, it's interesting to see how all of this will play out.
LOL--thanks for the laugh. Great imagery. Nice, golden propellers were seen popping out of the water here for a while, but I doubt the JNUG Titanic will sink.
And every time Mexico gets into too big of a crisis economically Uncle Sam bails them out. Hell, America has been bailing out Mexico for many decades by relieving them from supporting their poor and jobless. They simply send them north to get free stuff. That has to end. The Mexican drug cartels also need to end. Only Mexico can do that.
Are you sure about that? If he can rein in the Fed, he can end the Fed. He has a wall to build first, though.
Yeah, that's gotta hurt--been there, done that. If the central banks lose their grip on PM, then look out above. Silver in particular.
The bankster's crimes are deep and ongoing. If somehow justice is served, then they will be shut down or nationalized--their booty confiscated. Once their rigging ends, then we will see true market value/discovery for gold and silver.
We had the chance to do that back in 2008. Instead, W. and Congress listened to Hank Paulson (who should have been locked up). We all knew what happened next. Instead of being punished, the big banks were rewarded copious bonuses from we the taxpayers. Sickening.