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I tell ya you read a few articles from this one and that...
they will make you believe gold is worthless and treasuries are where its at. Yes sir ...Forbes especially but also MarketWatch and other news outlets. Why the fed tapered an additional 10 billion Now they are only buying 45 Billion a month in MBS and Bonds...print print print print dollars attack attack attack attack gold ...Forbes even was slamming Barrick hard today.
UNFUNDED US Liabilities about to hit...wait for it....
130 TRILLION Dollars....
http://www.usdebtclock.org
Here we go again with the trades....
looks like some covering ala program .... again... its not going to go up until the institutions want it to go up.
Brother thats all we need to know....
Thats nightmare numbers ...proves QE tapering is driving us into recession, a frothy market will crash, and Shorts will cover any positions that are in Gold, Gold Miners, Defensive sectors, etc...first.
Then watch out...the fed can't hide whats going on this afternoon and Miss Yellen is looking more clueless than a person showing up at a costume party with no costume or vice versa.
insurance in case :
Namoya takes longer,rains are worse than anticipated,gold falls below 1200 an ounce before they finish...etc.
Yes i look at the intraday candles but it still doesn't answer the question to me...
Why? Last year would have been a major sell catalyst when they fired simon village and did it swiftly and silently ..that i can see as a reason to drop 30% or Gold in general going from 1900 to 1200 okay yes kinda if your all in cost are above 1200 which even last year Banro's never was... you could bring up the payments due each month since january of this year but they got their new financing in order and thats done also so...other than that there is nothing that justifies a stock losing 90% of its value and staying there in Banros case there is just absolutely nothing...except if you are a large buyer and can use it to your advantage and its obvious this has been going on for months.
I guess what puzzles me is what is the reason BAA is down?
Especially this low... they didn't miss earnings, they didn't really dilute the stock that bad as compared to assets, its not like they spent it all on the ponies its working capital for goodness sakes, Gold isn't really down week after week month after month like last year, the world events are getting worse and our own countries problems are not improving, there hasn't been anything in the DRC that is important enough to justify this price, insiders are not dumping, their debt is very manageable, no cave in's no accidents even the rains were bad but didn't really effect them, fully funded and going into their best seasons......so...... the truth is there is no "REAL" catalyst that stands out and no real argument as to why. Years ago i could see it being cheap because expenses were high and no income but the opposite is true now so.... the fact remains there is no real substantial reason for BAA to be below a dollar. At a dollar thats more than half of book value and since there sector is repressed then okay ill accept that temporarily but not this.
I think you got someone using multiple financial entities trying to work around the by laws of Banro to Cease the company. Hostile takeover.
Welp another week started in the Red....
Funny thing is the 40 stocks i had in my streamer the dow finished green but 34 of them were red, 2 flat, and 4 up but the highest was up only .02 so... and i only keep the best of the best small and micro caps in my streamer , real growth stocks...
But regardless they ran us down from .48 just squeezing and squeezing that rag trying to get out every last drop i suppose.
Our day will come and keep coming.
All they got to do is start being conservative.. thats it.
Stop policing the world, tighten up the spending,remonetize Gold and silver on a federal level and get serious about paying off the National Debt... thats it ...things would be great again forever.
Good things take time
Looking back at the last 5 years it always does this ...but when it has a big month WHoo Nelly!!!
I know i said i was long and i am but you know....
sometimes you say things and when you buy a stock that has everything turning its way and you say to yourself.. i got this at a great price and it just trickles along even though i am dedicated i still wish it would bump a little. At least back to .72 and stay there until it gets up and runs on earnings and improves as the months pass.... just would be nice.... seems like over a dollar is soooo far aways somedays and yet i dont regret buying into Banro and waiting it out but.. you all understand what I'm saying?
I shared your picture on Twitter the other day... everyone was posting puppy pictures and i couldn't resist.
Ahhh okay nevermind
Who is teg? eom
Volume today is cryptic
Haven't seem the brakes go on like this in many months.
Got someone who's thinks banro is going to continue to go thru this cycle and not rally
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
4/15/2014 929,363 1,040,527 1.000000
3/31/2014 854,890 2,061,997 1.000000
3/14/2014 335,518 1,590,594 1.000000
2/28/2014 383,428 1,495,062 1.000000
2/14/2014 415,994 1,410,569 1.000000
1/31/2014 582,096 888,767 1.000000
Read more: http://www.nasdaq.com/symbol/baa/short-interest#ixzz30BwVZIdX
ABX Barrick Gold: Newmont (NEM) terminates merger discussions with ABX (17.89 )
Co announced that it has been informed by Newmont Mining (NEM) that its Board has decided to terminate Newmont's merger discussions with Barrick, which have been widely reported by the news media over the last week. Although Barrick believes the interests of shareholders are best served through the completion of this business combination, Newmont's Board has determined that the interests of Newmont's shareholders are best served by remaining independent.
Pretty Smart Speculating and I am convinced you are spot on the money.
So far you have been close to perfect with your eyes and what you have posted so... sounds great..lets see what happens this afternoon. The market should really get to dumping because they dont want to hold stocks going into the weekend with Ukraine such a big deal if things get really bad Gold futures will blow up and they can't get into the market. Call Options on Gold are very active today. Shorts are also trying to cover without too much damage....wait and see what happens. Would be nice to get up into the .50's this afternoon.
Here is something from whale wisdom
Holdings
Filer
Shares Held
Market Value
% of
Portfolio
Prior
% of Portfolio
Ranking
Change in
Shares
CREATIVE PLANNING 300 $ 0 0.00% 0.00% 3700 Not Filed
HANSON MCCLAIN, INC. 0 $ 0 0.00 0.00% Sold All 12,300
LMR PARTNERS LLP 309,000 $ 148,000 0.02% 0.00 245 309,000
Columns
Page of 1
View 1 - 3 of 3
and thats from refresh update on 03/31/2014
so since Dec 31st 2014 LMR Partners LLP has a new position. and Hanson sold what they had left.
I agree with you ...they have to make their money too momo traders are just as important and are only in it for movement...not investment but they rely on fundamentals just like everyone else with a stock that is not a pink sheet or OTC stock.
If you pull back and look at each thing as it relates to an algorithm with different levels of good and bad and it affects the PPS in a time table then you will see things more clearly...thats how i approach every stock i trade.
Its more than operations, technicals, news, board members,world events,sectors, insider trades and season... everything has an impact positive or negative and effects the ribbon in my mind....last year was the big hit when they fired simon village out of the blue and then didn't explain it i could see in my minds eye the tube so to speak become dented and break down then gold went down then operational costs were going up and this all before their best earnings seasons and a huge million dollar short interest figure ... finally started to right the ribbon last year.
Thats why monthly weekly charts are so important it includes an overall retrospect but in that setup if you include or rather create another moving average that represents other aspects that are not related to the PPS then you start to see a bigger scope and the bigger picture....
So in retrospect we have a new CEO who is more about the mines and the operations and about reducing costs because he was on the board for years and watched and probably more than once stated we are going in the wrong direction.
So now we have one upgraded mine complete and producing.we have a second mine complete and scheduled to commercial producing operations in the second quarter. We have our best seasons coming up, we have gold rebounding and above our projected price,we have tripled reserves, we had a not so bad rainy season after all, we have costs going down quarter after quarter and there has yet seen a floor for that ...what if costs drop to $700? $600? $500? why can't they? We have more ounces coming out each quarter than the last and finally we have economic situations that are in favor going forward for gold ...so just wait it out and watch...the damage to the ribbon has been repaired and it wants to go up along with the PPS its designed to succeed all stocks are its not natural for them to go down when good things are being implemented.
Factors as i see on Banro/Gold
So we see just how unattached Banro really is from Spot Gold Price or perhaps just how much more important their own fundamentals are regardless of whats going on in the economy, the world, or with spot gold.
Lets address these issues:
GDXJ up, GDX up, Gold over $1300 again, we have peter schiff article still front page focus this morning on market watch saying Gold could go to $5000 due to fed printing,Banro set to report in may, we have the two largest miner in our sector still considering merging, major world tension with Russia/ukraine, volume today has been frozen up IMO,another state oklahoma gold related news.
Okay GDXJ and GDX while important to see where bigger money is flowing it doesn't mean we get any all it means is we get some trickle down effect.But most of the ones who want banro to buy and hold are already in it.
Gold is going up and its important in that its what we do, its our sector and on Finviz its the #3 best performer today so a lot of money is ramming into it ..but i dont like that its scared money so its a 50/50 bet that it will continue
Peter Schiff is our mega bull and he is continuing the war against over spending and buying Gold/Silver and as long as Marketwatch doesn't knife him in the back its great.
Banro is reporting probably the first week of May and I'm expecting really big tonnes numbers from twangiza and i mean upwards of 30,000 and with gold staying above 1200.00 its all good for them.I dont have to elaborate the structure on this board we all know it in detail.
Barrick and Newmont is significant because it mean M&A is starting in our sector...Banro is one of the prettiest girls on the block to consider to date.
The Ukraine thing is getting worse its a real wild card that could send gold up over $2000 an ounce by itself if we get into it with russia plus germany and another country aren't keen on sanctions on russia so Obama is falling on his face with foreign policy. He is out anyways in less than two years.
Oklahoma is now accepting gold and silver as currency. BIG NEWS as another state pulls from the Fiat currency drought and gets smart. If the fed sees a trend building they will remonetize Gold and Silver then we will see Gold Jump to $5000 an ounce.
Technically we are still way oversold in the monthly,weekly and daily setups...and today we see games going on with the volume and the PPS real attempts by big boys to push in on the cheap without raising the PPS.
But fact is all that noise swirls around Banros operations.... Dr Clarke is getting it together and soon we will be blown' and goin' forward and if we get bought out first all the better.
NOW watch the complete and udder manipulation of Banro's PPS start....
Gold up on strength, All the good forward things baked in about Banro, Market nervous and we also got a huge focus headline on market watch from a mega bull on gold......lets watch the freeze ups, 100 share stretching, the no volume gap down in the bid followed by the ask..... on and on and on and on.
Still is stunning Banro trades Millions of shares a week and it goes from this chair to the exact same chair on the other side of the room. Not complaining not mad not anything just amazed has this goes on day in and day out all between a nickel.
And I agree and I love my country but
I can't stand to sit here and watch it go on and on so much so that you almost become brainwashed into believing that the dilution, the debt, the manipulation is okay but it's not. It's like you say it's a lie. So it's so unfair when a common sense person sees the facts and puts their money into something like banro to contradict the smoke and mirrors... What I want is for banro to be judged on its merits and not be held down and manipulated by other things that are indirectly related ... It's frustrating to sit here knowing what we got in banro and knowing we know what professionals who also have invested in banro and yet pushed down is what we get for all the effort.
My jaw dropped that someone would report that.
https://www.census.gov/manufacturing/m3/adv/pdf/table1a.pdf
That's the durable goods report exclude defense spending and it's flat. All news outlets for financials are becoming salesmen and that's it. I won't drink the kool aid no more. Until they stop killing the dollar and fix the debt no amount of fluff is going to help
Even if none of what you say happens STILL....
3 months into QE tapering and the housing market has plummeted, wages are down and lowering, growth is stagnate... THEY will stop tapering and yell "uncle?" QE ramps up GOLD will Explode and leaner/meaner Banro with two commercial mines flowing and two more to come..... becomes the prettiest girl on the block again. enjoy!!!
Economic Data Summary:
Weekly MBA Mortgage Applications 7:00 vs Briefing.com consensus of ; Last Week was 4.3%
March New Home Sales 384K vs Briefing.com consensus of 455K; February was 440K
. Winter weather conditions, which were unduly blamed for softness across the economy, again showed little effect in the new home sector. The return to more normal temperatures, which should have boosted sales from pent up demand, resulted in the weakest demand since the middle of last year. The reality in the housing market is that affordability conditions have weakened considerably over the past several months. Mortgage rates have bounced off their lows and have made financing more difficult. At the same time, home prices have surged and income levels have stagnated.
Upcoming Economic Data:
Weekly Initial Claims due out Weekly at 8:30 (Briefing.com consensus of 312K; Last Week was 304K)
Weekly Continuing Claims due out Weekly at 8:30 (Briefing.com consensus of 2.750 M ; Last Week was 2.739 M )
March Durable Orders due out Thursday at 8:30 (Briefing.com consensus of 2.0%; February was 2.2%)
March Durable Goods - Ex transportation due out Thursday at 8:30 (Briefing.com consensus of 0.5%; February was 0.1%)
Upcoming Fed/Treasury Events Summary:
Treasury will issue an auction for $29 bln in 7 year notes at 13:00 today
Other International Events of Interest
China's HSBC Flash Manufacturing PMI (48.3 actual v. 48.4 expected, 48.0 previous) remained in contraction for a fourth straight month, and weighed on both the Shanghai Composite (-1.0%) and Hong Kong's Hang Seng
QE tapering will stop and GDX will explode.
Now all we need to do is see which institutional insiders hold positions in GG and other aquirees and if they are also in banro.. .sometimes investment banks or other firms like to be the mediator to bring the marriage together.
i said the same thing about states selling weed.... the states are the neck that turn the federal governments head.
That is bigger news than what it says.. Thank you for posting that. The beginning of states taking back our currency
I just don't want to succumb to my pessimistic side and instead listen to my common sense and all the dd we have shared. Everything points to the opposite way the current stock price has been going. Which makes me doubt myself but emotions have no place in the stock market. I guess I'm just amazed more specifically how the general market continues to inflate with even the reports that they hap on still just aren't that good at all.
I just wish good news, good techs, good fundies, etc would effect us positively as much as the opposite about other miners and gold and news has to the down side which indirectly has had nothing directly to do with us. I think the whole mess with spot gold is simply short paper gold forcing it down housing is showing inflation and buying was flat to negative
Metals & Mining Sector upgraded to neutral at Goldman
09:20 COMDX Metals & Mining sector upgraded to Neutral at Goldman
boy oh boy i sure know when to start buying Gold bullion and silver.. LOL!!! About as good at timing as i am with it as i was with buying Banro stock...sheesh. However i heard it said by some analyst on bloomberg " when you buy a bank stock at a 50% discount to tangible book value you are going to have happy investors" and the same applies even more so for gold miners. Banro trades at a 80% discount as do most of the miners and they are improving grade, tonnes, and lower operational costs..so... what and see.
Yes that's food for thought
I guess a nice safe would be better and your right if it gets really bad they will take it from you... I think that situation isn't as far away as we all might think either
just bought my first physical gold and silver...
bought a PamP one ounce bar and a uncirculated tube of 2014 liberty coins from Aprex. Probably could have shopped around and got a little better deal at JM Bullion but maybe next by i will do that. Going down to the bank and buy a safety deposit box for storage and start the 40 year hoard. This is for my two daughters to have someday and/or if we do well enough with our Banro stock i can use it when i form my angel/analysis/? investment business at some point.
Hope everyone is having a great weekend and I hope if you believe in a higher power that it is being good to you today.
Charles Spencer Wood
Wood effectequity LLC
spencaround your digital friend on Ihub.
IMO i think the big money fussing over what Gold is going to do this year and next is the big reason...
You know the reasons "TO" own banro far outweigh the donts... everything i read, like that last article i put up,everything i see and watch on bloomberg and CNBC , the market itself and geopolitical events ...everything points and supports banro. Even their location in the DRC is looking sweeter than it use to compared now to whats going on next door in europe. ...but the one thing thats still a drag is the fight over whats going to happen to spot gold...well even that banro is trading at major discounts ....they have started building up enough reserve to buffer them but i think the institutions are jockeying one another for who will capitalize the most on spot gold and this in turn trickles down to us and the industry.