You can see from the post that I am replying to that Silver has just touched $26 an ounce as I had thought. Gold has even fallen harder is around $1550. This is worse than I had previously stated because the S&P is well above 1200, so, it is likely that gold and silver might be persuaded to fall when the S&P falls.
If NMGL intends to buy the remainder of the gold mines this is good news. If NMGL already owns the gold mines, but, has not filed to the SEC for the ownership of the mines, then this is very bad news.
Silver will possibly fall another 20% to around $21.75. If gold follows 15% to silver's 20% (silver is more volatile) then we could see gold at $1318. It took a little more than a month for silver to fall 20% to where it is now as it broke the $30 support. Gold followed. We will see how the next month or so treats gold and silver.
As I posted on 11/25. I doubt a dividend will come before a revocation. I doubt NMGL will file ownership for the other half of the mines before revocation. If revocation is around 100 days away, there isn't much time left. Little did I know we were only 13 days away from being revoked.
It is a shame we never got a "revocation hearing" or other chances for shareholders to be heard in a court of law. I would love to get a chance to question Peter or Ronald or a FINRA official.
AI
