Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

Hopefully out of his butt. GG my stock is up after hours.
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Hi peace,
Unfortunately, that don't seem to mean as much as it used to.
I hope you make out all right with your Goldcorp.

If I live to be Federal Reserves age, I'll never understand out why McEwen sold the GG gold hoard. And at an average price of $375/oz to boot.

Surely not to provide his shareholders with a stinkin' ten cent bonus dividend.....

I haven't been in or following GG closely for months, but that action on McEwen's part had to cost those same shareholders $2.00 a share. That's bad math in my book and much of the respect I had for him has gone the way of the KGC CEO too.

Personally, I think McEwen was thinking the PoG was going back to that $352 support zone and he thought he'd pull a rabbit out of his ass and sell it in the mid $370's with the expectation of making one of Zeev's patented double hecabuckers or whatever the big Z calls a double sawbuck these days. I can never seem to keep up with the day trading lingo that gets invented here. <VBG>

Anyway, McEwen was wrong....the PoG didn't crack....And the fabulous GG gold hoard became history. Can you hear the GG stockholders if he starts buying it back over $400? Yikes!