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large blocks of 100k. 200k being purchased at .0175,.0180,.02,.0195
someone believes this has upside potential
you are right they dont seem to care anymore. The pom-pom boys are gone. at least for now.
Chtis12--for what its worth, the last 6 or more trades have all been on the ask, showing upside potential. hang in there.
Gear is getting ready for a small run up. A PRESS RELEASE WOULD
MAKE THIS RECOVER, MAYBE BY XMAS. if we dream lets dream big.
hitmans ghost----THANK YOU FOR YOUR EXPLANATION. good luck on your other projects.
WOOPS --GOLD is trading down $52 this morning.Gold has fallen below $1700. Not a big concern.
hitmans ghost
I am curious---why 5 days??
WOOPS --GOLD is trading down $32 this morning.Gold has fallen below $1700.
Tufan123
I think you meant "advice" what was your wisdom???
happelwood ---Chris 12 does not know. only wishful thinking
he had a dream last night. Not a reliable post.
ejo---lol yes I am expecting it to go up
IMCAT and not any new PRS WITH ANY NEW RECIPES. THE OLD ONES HAVE TURNED OUT TO BE PRETTY LAME.
ejo===I agree the range has changed. I have not established that range yet but will agree it is lower.
Chris12--maybe the quetion should be which of these properties are being mined?? and how much gold is being produced???
Stockfalcon===are you still standing by your prediction of .50 by
christmas or are you going to revise it???
here comes the rocket this morning. I have may weak hands on the throttle. lol
Edward -- I agree. Why would anybody sell low. like today, It really confuses me when people sell low like today. who in their right mind sells low knowing tomorrow or soon they can sell higher. In the case of GEAR I like days like today where I can buy low knowing I will be able to sell higher later.
when ome people see problems I see opportunity. The drop was like crap going through a goose. slick and fast. So I bought more. lots more!!! Chris I hope you took advantage of the drop and bought more.
I have refueled the rocket and ready for blast off.
After doing a reviw I dont understand why its at .105 now.
whats been holding it down???
i found this on the toronto exchange. There is a huge incentive for this to go above .12---Actually after reading as much as I could find on the progress of this company I am amazed that it sits here at.075 on Friday. It is poised to go much higher very soon. How high? I dont know but I am going to be on that rocket
and add more as I can.
"The Company also granted a total of 3,000,000 incentive stock options, subject to regulatory approval, to the newly appointed COO Mr. John Van De Beuken and CFO, Mr. Christopher Chadder. The options are exercisable at a price of $0.12 per share for a three-year period."
The missing ingredient as I see it is "EXPOSURE"
Imcat---good point---at least 4 to 6 months assuming they ever start. I for one have my doubts. And lets not forget they have magic eqipment to process the ore. SURE THEY DO.
sorry but no I was not. I was out on 11/30. That day I was in and out on the same day.plus my volume on that day was only 19k.
stocktraderDK---You are sure convinced they are legitimate. I am not sure why you have that conclusion but more power to you for sticking to your beliefs. Personally I have the opposite view because there is little transparency and that makes me very suspicious of their intent. Plus the people involved do not have the best reputation. SO go ahead and call people flippers if that makes you feel better but the fact that the stock dropped had nothing to do with flippers.
Well you are right about one thing. "NOTHING HAS CHANGED"
EVEN PUMPERS SELL AT SOME POINT AND BECOME FLIPPERS AS YOU SAY
I doubt you are a long term investor. :)
Chris---maybe scam is too harsh a word. but misleading,dishonest,
no transparency would be my words. ONE EXAMPLE IS: the mysterious
recovery equipment. where is it? what is it?? no one knows. probably a figment of ones imagination. I doubt it is not worth the powder to blow it to hell.
SILVER CORD ?? WHAT REVENUE CAN BE EXPECTED??? IF EVER???
So this stock is going to run?????? BASED ON WHAT??? hYPE???
The hand writing has been on the wall for several months, Imcat
laid out all the questionable areas of concern. So you can not say
you were not informed of the risk.
NO one is laughing for sure. This has been a good stock to flip,
but now it even scares the hell out of me. Any one that says this stock is going to run has no more knowledge than the rest of us.
Chris--maybe it would be better for you if you re-read my post.
GEAR is not a GOLD producing company at the present time. maybe never.
stockfalcon ----time to bring in the storm troopers. Houston,
we are comming back to re-fuel.
WiLL GEAR take advantage of rising Gold prices?? Do they Hhave a plan to start producing GOLD?? If so what is the plan??
Gold (1751.50) up, EU plan to fight debt crisis expected
By Maytaal Angel and Rujun Shen LONDON | Fri Dec 2, 2011 6:15am EST
(Reuters) - Spot gold edged up on Friday as investors sought to hedge against inflation on the view that the European Central Bank will be forced sooner or later to boost liquidity on a massive scale in a bid to alleviate Europe's debt crisis.
Gains were limited, however, ahead of a key U.S. employment report later today.
There was widespread investor expectation that a European summit next week could finally yield a concrete solution to the euro zone debt crisis, with Germany and France working hard to reach a compromise deal.
The new head of the ECB said on Thursday he stood ready to act more aggressively to fight Europe's debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation euro zone.
"The market is betting on some kind of announcement from Europe, (it's) looking for the liquidity button in Europe to be pressed. That will mean high inflation, and that is giving gold the impetus it has been lacking of late," said Saxo Bank analyst Ole Hansen.
Spot gold edged up 0.3 percent to $1,748.99 an ounce by 1053 GMT from 1,743.74. It is on course to rise around 4 percent from a week earlier, its biggest weekly gain in a month.
U.S. gold inched up 0.75 percent to $1,753.40 an ounce.
U.S. non-farm payrolls data later this session was expected to show a pickup in hiring in November, which could boost wider market sentiment by adding to expectations of stronger growth in the world's largest economy.
But analysts said the data is unlikely to have a lasting impact on gold, with the metal set to quickly return to moving in step with the various headlines, good or bad, coming out of Europe.
Gold rallied earlier in the week after the world's major central banks joined forces to boost liquidity, but the momentum quickly faded as investors realized that it could not solve Europe's debt problems.
In this regard, next week's European summit, dubbed as the last chance to save the euro by the popular press, will be key for gold, which has lost ground as a safe haven asset of choice in the current crisis.
"Liquidity is the focus of the market. Gold's appeal as a safe haven may return only when liquidity improves and market sentiment warms up," said Hou Xinqiang, an analyst at Jinrui Futures.
Technical analysis suggested spot gold could drop to $1,722 during the day, said Reuters market analyst Wang Tao.
Supporting sentiment in gold, South Korea's central bank bought 15 tonnes of gold in November, following purchases of 25 tonnes in June and July, as central banks around the world, especially in emerging economies, have aggressively bought bullion over the past few months.
"It's not a surprise, as gold seems to be the only thing central banks can buy to diversify their reserves as economic problems seem to spread around the world," said Ronald Leung, a physical dealer at Lee Cheong Gold Dealers.
Spot palladium rose more than 5 percent to hit a day high of $658 an ounce, its highest since mid November and on course for its biggest weekly gain since November 2008. It was later at $650.49 an ounce from $625.30.
Helping the metal was technical buying brought on by gains sparked Thursday following news that Norilsk Nickel (GMKN.MM), the world's biggest palladium maker, expects the market to be in a deficit in 2012 due to sharply lower Russian supplies.
Silver was at $33.3 an ounce from $32.72, while platinum was at $1,551.99 an ounce from $1,555.25.
http://www.reuters.com/article/2011/12/02/us-markets-precious-idUSTRE7AK1M520111202
Gold continues up today, $20 up from yesterday,trend is excellent for legitimate gold mining stocks NWMMF is on my list
for accumulation. The dips present the vihicle to do accumulation
but will rise faster than a speeding bullet as production increases in 2012.
Gold continues up today, $14 up from yesterday,trend is excellent for legitimate gold mining stocks NWMMF is on my list
for accumulation. The dips present the vihicle to do accumulation
but will rise faster than a speeding bullet as production increases in 2012.
Gold still inching upward this morning after a large increase yesterday, 12/01/11
stocktraderDK---WHAT A ROUND TRIP!!!! my head is still spinning.
love your post---even at 73 made my blood boil---lol
I will read it all later, thanks for making my day.
Stockfalcon---to the rescue please.---chris12 needs help. he is standintg knee deep in something nasty,
Chris 12---what happened. I went to the post office and when I came back it dropped like a ton of bricks falling from the 8th floor.
Stockfalcon may need to call in his troops so the volume picks up. Now would be a good time. I am waiting on the big bang.
Crwv--dont miss the train
Comex Gold (1741.80) Gets Boost From Coordinated Central Bank Move to Boost Liquidity
30 November 2011, 8:19 a.m. By Jim Wyckoff http://www.kitco.com/
(Kitco News) - Comex February gold futures prices are trading solidly higher on the just-announced move by the major central banks of the world to increase liquidity in the financial markets. Gold prices had been trading near steady levels before the surprise move by the central banks. The market place is also more stable so far this week, which is also a bullish factor for the gold market as the yellow metal is acting like a risk asset recently. February gold last traded up $20.50 at $1,739.20 an ounce. Spot gold last traded up $21.50 an ounce at $1,737.50. March Comex silver last traded up $0.46 at $32.41 an ounce.
The moves by the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and other central banks of the world serve notice that they are in unison on making sure the European Union debt crisis does not spread into a worldwide financial contagion. Earlier in the day China announced it is dropping its reserve requirement ratio for banks by 0.5%. That in effect eases monetary policy and is an overt signal from China that it wants its economy to grow and it will accept more commodity imports to achieve its better economic growth. The coordinated central bank move and the China move
Are very significantly bullish for commodity markets, including the precious metals.
On the European Union debt crisis front, a major credit agency overnight downgraded its ratings of major world banks. This move was not a big surprise to the market place, but it served to initially cool the “risk on” trader mentality that had been in place so far this week. If history repeats itself, which is likely, the EU crisis will once again roil the market place, and likely sooner rather than later. While gold has not recently seen fresh safe-haven investment demand due to the EU debt crisis, my bias is that a serious escalation in the crisis, such as the EU starting to break up, would see good safe-haven demand come back into the gold market.
The U.S. dollar index was trading firmer Wednesday morning but quickly turned sharply lower on the coordinated move by the world’s central banks. The dollar index bulls still have the overall near-term technical advantage as prices are still in a near-term uptrend on the daily chart. Crude oil prices are trading higher Wednesday morning, which is also bullish for the precious metals and other commodity markets.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, the ADP national employment report, revised productivity and costs, the ISM New York business index, the ISM Chicago business survey, pending home sales, the weekly DOE energy stocks report and the Federal Reserve’s beige book.
The London A.M. gold fixing was $1,704.00 versus the previous P.M. fixing of $1,717.00.
Technically, February gold futures bulls have regained some upside momentum this week, including producing a bullish “outside day” up on the daily bar chart so far in trading Wednesday. However, the bulls still have some work to do to start an uptrend on the daily chart. Bulls' next upside technical breakout objective is to produce a close above solid technical resistance at $1,755.50. Bears' next near-term downside price objective is closing prices below solid technical support at the November low of $1,670.50. First resistance is seen at Wednesday’s high of $1,742.00 and then at $1,755.50. First support is seen at $1,725.00 and then at the overnight low of $1,704.30.
March silver futures prices have been trading sideways and choppy for two weeks. Bulls’ next upside price breakout objective is closing prices above solid technical resistance at last week’s high of $33.12 an ounce. The next downside price breakout objective for the bears is closing prices below solid technical support at the November low of $30.74. First resistance is seen at the overnight high of $32.53 and then at this week’s high of $33.12. Next support is seen at $31.50 and then at the overnight low of $31.12.
http://www.kitco.com/reports/KitcoNews20111130JW_am.html
Gold HOLDING STEADY THIS MORNING 12/30/11 UP $17 TO $1736/OZ
The Dollar Is Likely to Spur Precious Metals To Move Higher -
Analysts for Goldman Sachs have recently predicted that
low interest rates will keep gold prices climbing
for the rest of this year and into 2012
and raised their price forecasts for the precious metal
to $1,930 per ounce from $1,860.
So far this year, the price of gold is up about 26 percent.
Among other things, gold has been a beneficiary of the
imploding euro.
It's simple physics, or economics, in this case.
Money has to go somewhere. GOLD MINING STOCKS??
ALL CRWV HAS TO DO IS PERFORM
Gold HOLDING STEADY THIS MORNING 12/30/11 UP $17 TO $1736/OZ
The Dollar Is Likely to Spur Precious Metals To Move Higher -
Analysts for Goldman Sachs have recently predicted that
low interest rates will keep gold prices climbing
for the rest of this year and into 2012
and raised their price forecasts for the precious metal
to $1,930 per ounce from $1,860.
So far this year, the price of gold is up about 26 percent.
Among other things, gold has been a beneficiary of the
imploding euro.
It's simple physics, or economics, in this case.
Money has to go somewhere. GOLD MINING STOCKS??