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muga I'm aiming for .10. I think its doable.
I concur Penny. As soon as Gold finishes a bottom. Shares should start moving.
Maybe time to buy. Shorts slowly covering.
One good reason Penny. Gold shares just broke out of a 30 year consolidation pattern.
Blue, ready for this to move. Gold bottoming out.
Good news. Might get a lift. Now that futures options expiration is over today.
I don't see the US and comex backing 100%. They are so deeply short. Especially in silver.
A million shares of spah for $200. WOW!
You will be happy to know by June 2012 the Pan Asian Futures Platform will be making the playing field level. London will no longer be setting the price for Gold and Silver. And the contracts will be backed 100% with metal and the Yuan used as the currency. At present the Comex paper gold contracts are only backed by 10% metal. 90% unallocated.
Since JPMorgan is short. They have been shorting silver for years now. Therefore, when someone wants to take delivery of the physical metal. The comex will offer dollars instead. With a premium. They don't have the physical metal on hand to satisfy the request for physical metal.
Might be a good way to keep the shorts in the trap in a nonchalant way, huh.
For sure. Gold no longer depends on the US only. Like in the 1970 bull market. The Chinese own billions of dollars that must go somewhere. Also the Chinese and people in India know what real money is. Also, the Central banks have stepped up their buying of Gold since their currencies are being trashed. Here in the US only 1% of the population own gold and silver. So we have a long way to go in the Gold bull market. Ten years and counting. Gold is real money. Not owned by any Government to devalue, use for wars and their own personal greed. It can't be printed. Its from the earth. If the US would have remained on the Gold standard there would be no defaults. And all the other financial chaos.
Gold has gone Global. And right now the marriage season in India and Chinese Holidays will keep gold flying. As well as the defaults in Europe, (Greece is close). Germany votes on Thursday.
Paunch you will never see Gold that low again. In fact, right now, tonight it is above the $1643 low I mentioned friday. It went below and completely washed out speculators and weak hands. We should be ready to go up again, this time $2200. I think FFGO will love that.
Shorts are the cellar boxers.
Cellar boxing has nothing to do with Welch.
Does anybody have any current information on this company.
One positive for TRSI is the OS are low. They are not trying to dilute.
PMDP will rise with all the other CELLAR BOXED shares.
NO PROOF OF A SCAM AT PMDP.
PMDP is not a scam. Just Naked Shorted like all the others.
Per Jim Sinclaires Mineset which I follow. Gold shares are being impacted by a field of problems as a result of the LARGE SHORT POSITIONS HELD IN ALMOST ALL. They are being taken advantage of today by pressuring the entities in hopes of causing Long Term Holders to Collapse in their Commitments.
So stay Long and Stay Strong.
Lebron, looks like we just bounced off the bottom 1640ish low. Back above 1654. Could be off to the races now.That nice fall run we all love.
Theres one gold stock article that says when the gold stock move begins, even the dog and cat companies will be moving up. I love that one. So will PMDP.
At the same time gold is filling gaps and bottoming.
Good sign going forward into the Fall rally.
Agree. All a part of the new norm.
I agree Penny. And it has nothing to do with Welch. But the move up of the gold shares. Have you seen all the positive reports on its time to buy gold shares. On Kitco and Gold Eagle websites.
I think there is more than one director on the planet.Another director for the company.
Looks like gold wants to fill the gap and reach its bottom this week.
There is nothing about PMDP in those filings.
Thanks Penny. Not too bad. When things really get hopping we should take that out.
Paunch its all a part of the ongoing bull market in gold, which has been going for 10 years now.
Gold is correcting in order to fill a gap. From the fast move up. It should finish correcting around $1640 give or take. Then back up.
Taon is up today. Maybe good sign.
2 million share is not too bad.
How many available at .0001 Penny
83hurst you were 2 days early. I think you were right. Time to buy.
They are reducing the preferreds. Thats ok.
Does that mean naked shorting will be curtailed. And not IOUs placed in investors account.