Making Money Both Ways....
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Those "puts" are starting to look good....
I'll take my 21% gain and move on, I could be bailing to early but no one ever went broke by taking profits, I'll keep it on my watchlist though....
Dump coming tomorrow, Mark it...
The chart did turn, Interestingly enough a couple of weeks ago....
I would agree for long term, just curious to see if "gold" holds it's support for now....
Great links, NYBob...
Deflation bandwagon > http://blogs.barrons.com/focusonfunds/2013/12/23/golds-real-problem-deflation/?mod=yahoobarrons&ru=yahoo
Before I had only really heard of one economist who had been saying this for awhile now about deflation, Harry Dent, time will tell which theory will prove to be correct, Deflation or Inflation, looks like for the short term Gold will be in a downtrend, sadly.
What's your thoughts on JAG's bankruptcy protection plan....
JAG files for Bankruptcy protection > http://www.bloomberg.com/news/2013-12-23/gold-producer-jaguar-files-for-bankruptcy-protection.html
Waiting for Jim Cramer to give me the go ahead and recommend this one as a buy to his readers so I can double up on puts, going opposite on his call on (Gold) Randgold Resources has proven to be a profitable one...
True, Let's hope it bounces otherwise it's hard to say where the price of gold will actually land.....
Same here let me know when you get on the diving board and I'll dive in with ya, hahaha. Looking to see where this thing will finally land or bottom..
Asking myself the same thing, I've had another order in for 3 days that won't fill, I'm gonna take a small gamble with this one unless circumstances changes.
Mercy I see, that's a shame with this one, I'm still gonna keep my eye on this just to see how it plays out, can't help it guess I'm just asking for punishment. Thanks for the information I appreciate it...
Cool, Looking good...
Looking good....
The important $1,200 support for Gold has been broken > Down we go to under a $1,000 unless circumstances changes....
Like i said, Manipulation is stronger than any chart because of those that control it, Gold is going to under a $1,000 and has the possibility to go to $750. Miners will continue to cut jobs, make cutbacks, will cease dividends, dilute shares and not use their resources to mine gold because of the cost of mining per ounce, therefore leading to less revenue, which in return means the stock price will go lower. It's just an opinion but from the way gold is currently headed it probably means a lower price in gold itself and a lower price in any mining stock associated with it unless those that manipulate it change their course for whatever reason.
Same thing they told me about shorting gold and getting "puts"... But I do always keep my eyes on the charts in case of a turn....
Time to get "puts"
Totally agree with you but as it stands right now the "current" float is not that large unless they do start diluting again, just saying alot of times stock promoters or owners attached to these so-called penny stock scams go for a 2 of 3rd pump of the stock sometimes.
Is the chart going to let this one break out, Time will tell....
Agree, "Put"tin on the Ritz, Like the Ol Song says..
Let the downtrend begin....
Timeout there Boss, Read my previous posts, I said this penny stock is probably a scam like 99% of them are, but that doesn't mean you can't make money off of scam stocks you have to know when to bail and usually it's very quick. I also said unless the share structure or circumstances change this might be a possible play (which is like gambling) if it gets pumped by a stock promoter.
In 2012 JAG was $7.28 a share it's now 7 cents, What happened, Anyone care to share some legit and honest "dd" on this one, my goodness unless they sold everything or filed for bankruptcy it looks like this would be worth than 7 cents. I mean i've seen scam penny stocks at $2.00 a share that was pumped and was benig organized out of the basement of a house. Does this company have any assets at all left.
Your sarcasm has been well noted, accusing people of being a guru, no one here has said that because everyone has losses and the day they tell you they don't they are fabricating the truth, but Thank you, but instead I choose to do my own research and "dd" before I try to make an educated guess (and that's all it is) is a guess of whether to enter a stock or option or not. I also post my personal "dd" or reasons for why I may feel a certain way that I do about the current value of a stock and which direction it could be headed, it's obvious since you are so close minded and not open to any other "dd" or opinions from other's research, not talking about mine, but other's who have followed this stock for a while, taking a loss from which is obvious from the way you talk and are so bitter it could help one day if you were more open minded. Even though it's my opinion what I'm getting ready to say about this stock this is how I feel at this time currently, this stock will eventually go under $15 and below it takes time, just because they have gold doesn't mean they will use their resources to continue mining so when they announced to lay off workers and have been scaling back I feel it could hurt their "stock" price (which falls in line with Harry Dent's "Deflation" theory) I posted a link on this board about "Deflation" because he stated miners would cut jobs and scale back thus allowing the price of "gold" itself to still be manipulated especially if there are less mining companies mining it. I myself would think the price of "gold" itself would go up because it seems to me that would make it more rare and hard to get especially if less companies are mining it. That's why I've said all along I would rather have "physical gold and silver -bullion" than to have any stock in any company, preferably silver because it stands to gain the greatest increase since it's ratio has been manipulated the mos. For example if gold is currently trading at $1,239 that means silver should be trading at around $77 to $78 dollars an ounce, that's with gold at it's current price which means if you have silver that's an automatic "quadriple". Now if gold goes up like most everyone thinks it will just imagine how much of a percentage in return silver will give you, it will be much, much quicker with a higher return, thaks to JP Morgan, Goldman Sachs and others. True story I went to my local pawn shop where I live 2 weeks ago and traded a Johnson Matthey 1 ounce bar for the equivalent of several ounces of silver (at spot price - which is key) at the time, he even asked my was I sure I wanted to do that I said Of Course and he said ok. He thinks he can sell gold for a quick scalp and I feel silver is a better long term investment because silver has hit $39 before which is a double from it is right now, but gold would have to hit over $2,500 an ounce in order for you to get a double, not saying it won't just saying silver will get you a double quicker, i'm all about money when it comes to investing but even with that said gold and silver could both see lower prices but at least mentally i feel better if i have physical bullion than stock in a company...
Barrick laying off 1,500 Pascua-Lama workers in Argentina: government, Like i say this company and stock has constant negativity around it all the time, next up share dilution, who knows > http://finance.yahoo.com/news/barrick-laying-off-1-500-144711197.html
Like I say unless the share structure changes or they dilute, they can't short this stock, that's why you see this thing with hardly no volume whatsoever. Traded 3 shares today, hahaha, that's a whole .039 cents this is one of those stocks you gamble with you throw a hundred or two hundred bucks in it and just wait until one day volume comes unexpectedly and it's a multi-bagger. Usually it's when the board goes quiet for a period of time that some pump and dump promoter picks it up and that massive volume just instantly spikes it....
You're exactly right I didn't want to come out and exactly make an "Politically Uncorrect" statement but we don't have Germany's gold, sad thing is we don't even have our own gold and silver that we are supposed to, why do you think (JP Morgan & Goldman Sach's, and others)keep manipulating the price of it so they can accumulate it. I'm more of a "Silver" bug actually because from silver's current price now to what it will go to will give back the biggest percentage of return more than gold in my opinion, but you definitely want and need both. Example - silver's current price is $19.67 in order to get a "Double" out of silver it needs to go to $39.34 something it was close to doing just last year in price and gold's current price is $1,239 so in order to get a "Double" out of gold it has to go to $2,478 something it has never done, am I saying it can't, of course not, it will far surpass that one day but a "double" for silver would be just to reach a price that it was just a little over a year ago. Plus the ratio of silver is more manipulated than the price of gold thanks to JP Morgan and others so once they let it run or possibly forced to let it run by other countries it will run hard and break through prices like we haven't ever seen. But it's like the old saying, silver is for food but gold is for your life...
http://www.silverdoctors.com/is-jp-morgan-shorting-paper-metals-while-acquiring-massive-physical-stockpiles-of-gold-silver/
http://goldsilverworlds.com/price/ted-butler-jp-morgans-perfect-silver-manipulation-cannot-last-forever/
http://mobile.wnd.com/markets/news/read/23913692/goldman_sachs_is_manipulating_gold_prices_right_before_your_eyes
http://silvernews.info/2013/04/cftc-has-info-intel-that-jpm-does-manipulate-silver-gold/
http://www.silverdoctors.com/tag/silver-manipulation/
http://www.cnbc.com/id/100825680
I agree with you as I do think inflation will happen and will be the more probable cause that's why I choose to rather accumulate bullion than shares of a miner currently. Miners can suspend dividends as IAG just did 2 days ago, ETF's will be useless as the U.S. doesn't have the gold that we are supposed to that backs the ETF's that's why there are very strict guidelines to taking it out not to mention you have to have a huge amount in order to collect it as one billionaire noted. In my personal opinion you simply can't go wrong by owning physical gold and silver in which most economists will agree on, putting your money into miners, etf's, stocks, dividends, etc. is at the disposal of the company and the decisions they make. The U.S. is now blocking certain countries from buying gold and silver in our market because even though they are the ones manipulating it down other countries see it as a prime opportunity to buy gold and silver. Just an example, Germany has asked for their gold back that we have been storing for them for years and we have refused to give it back and gave them sugar coated reasons. There is a new exchange that will be opening in Singapore in early 2014 that will start trading gold differently than the process of how we do it now in the U.S. because they themselves know it is heavily manipulated. Also concerning the loss of our Petro dollar status and now other countries are now trading in other currencies except the dollar. There are a lot of factors that I believe will drive the price of gold even higher than what the many economists have stated. The exchange in Singapore one of the heads of the exchange is Jim Sinclair, a well known economist, he states gold will exceed $50,000 an ounce because of the many lies and deceptions currently being told concerning our market...
Deflation, Inflation, Manipulation ? World Re-known economist, Harry Dent has very interesting points on Deflation and what would happen to the price of "Gold", (summary - it drops to $700) > http://pro.boomandbustinvestor.com/BNB_BELupsell/EBNBPC02/
Robert Weidemer, World Re-known economist and author of "The Aftershock" has very interesting points about Inflation and what would happen to the price of "Gold" (summary - skyrockets to $6,000 plus)> http://usawatchdog.com/robert-wiedemer-author-of-the-aftershock-investor-get-out-of-stocks-and-bonds/
Manipulation - Various entities are involved - just one link of many > http://blogs.marketwatch.com/thetell/2013/09/13/gold-under-1000-an-ounce-dont-rule-it-out-says-goldman-sachs/
Out of these 3 points of view only Inflation will make the price of "Gold" go higher in the short term...
2 World Re-known Economists with 2 very different points of views but both have valid points, so which is more probable for gold, who knows, that's why I'm just playing the trend and charts for now, but a little bullion never hurt anyone just in case...
The statement that you made is not funny, of course, that's because I have personal beliefs concerning the M word you used. Anyway unless you have been shorting this stock or have puts on it it's obvious you must be in the red in from your entry price on here when you starting posting on talking concerning this one, I don't blame you though I would be upset to if my account was red, and I put my investment into a company that continually makes some of the poorest decisions I have ever seen in a company which I'm sure in the near future they will dilute more shares. I never claimed to be a "Guru" you give people your opinion on this board concerning this stock but when someone else gives theirs evidently you take it personal, I play opportunities, trends, news, panics, charts, and however else I can play any stock to make money because at the end of the day that's what it's all about, I could care less if a company has the cure for cancer or is sitting on all the gold in the world, or has the one patent on a piece of technology that every man and woman must have, because let's be honest, you don't care about this company no more than I do all you care about is the same thing I care about, is this company going to make me money, if not I will find a company that will. I'm a trader and "No One" ever went broke taking profits, I'm not a bagholder, because while that money is sitting there it could be making me money somewhere else, Which is more profitable ? this stock or any stock you have "Doubling" in a year's time or finding just 1 stock a week that will give you a 10% or more gain of any kind no matter if it's going up or down if you play the stock market both ways and every way you can. To me it doesn't make sense to tie up my money and time, I take gains and move on and jump back in when another opportunity presents itself. Sounds to me like you are the "Guru" but I'm willing to listen to any opinions of anyone because believe it or not there are very successful traders on boards who give great advice and some even provide the reasons behind them while they feel a certain way which is helpful than just to say, this is going down, or this is going up, if someone says that wouldn't you take it more serious if they provided reasoning just like another poster on here that told me that $15 is a generational low for this stock, well that was helpful to me because I just briefly did some "dd" but you can tell he is very informative about this stock as he has probably been an investor for a while, so I try to be open minded, because I'm not a "guru" neither is anyone else, but there are those who have alot better successful track record than others. Speaking on the price of "Gold" you should "google" and research on "Deflation", Inflation and Manipulation because only Inflation is going to help the price of gold short term, it's currently being manipulated and has been for a while. Rome wasn't built in a week but it "Dang" sure almost burnt to the ground in one.
Down she goes....
It's been a "Dormant" stock for a long time, but the current share structure of this thing is so tight it would instantly be a 3 to 4 bagger if just the slightest volume comes, but 2 shares is insane, I've never seen a stock trade .02 whole cents in a trading day, but like I said they can't short this one because at it's current float and share structure if it goes sub-penny I'm buying the float... I always try to keep a couple of forgotten about pump and dumps or wish upon a star kind of stocks like this in particular just through a couple of hundred bucks in it and forget about it until someone pumps and they will it's only a matter of time....
Read my user name, Many Ways to Profit, which means I trade all kinds of ways, Options preferably, but I swing trade, play the bounce play, play the news (my favorite), dead cat, fractal trading, puts, calls, short, trend, channel, long and short term, and even short stocks, Don't you find it odd that I didn't begin to even start posting until I posted on ABX, NG, AU, HMY, boards and seem to start catching them at their lows, is that coincidence, it's possible, but I also know how to read charts and perform "dd". By the way got January puts on Randgold Resources Limited (GOLD) it will soon turn "red" along with this one and if not I have other investments I'm fine with that are green but cashed out of 2 today...
Has Barrick Gold deceived investors ? Like I say this stock for some reason has a constant negative sentiment surrounding it all the time, http://seekingalpha.com/article/1888801-has-barrick-gold-deceived-investors?source=yahoo
I'll bet against Jim Cramer, got me some January $1.60 "puts" for this one, he states to invest in this one so that actually means to go the other way, last time I bet against Jim, Apple did go to $400 > http://seekingalpha.com/article/1887661-cramers-lightning-round-the-quintessential-american-stock-that-is-going-to-work-12-9-13?source=yahoo