A little relief … Yes! Fingers crossed.
C’mon Shanghai!
A little relief … Yes! Fingers crossed.
C’mon Shanghai!
Some of the short term gold and silver indicators are turning up. Short term indicators are notoriously unreliable but every long term indicator is preceded by short term indicators.
Hope you got a little relief today.
rno
Can someone remember the name of the poster who posted a lot of information on junior miners several months ago? I believe the one I am referring to passed away.
tia
“.. is pleased to announce that a prominent US resource investor has agreed to acquire approximately 9.9% of Columbus Gold, representing the entire private placement on amended terms from those announced on September 2, 2014, which include a reduction in the size and price of the offering. Overall, the amended placement is more favourable to Columbus Gold and its shareholders by eliminating the dilutive warrant component, and facilitating the financing to close promptly.
“The non-brokered private placement, as amended, will now consist of 13,400,000 common shares, at a price of $0.40 per share, for gross proceeds of $5.36 million.
“Robert F. Giustra, Chairman and CEO of Columbus Gold commented: “With the exclusion of the convertible warrant feature, this transaction clearly continues to demonstrate our enduring commitment to protecting our shareholders from unnecessary dilution.”
more: http://web.tmxmoney.com/article.php?newsid=70433834&qm_symbol=CGT
Hopefully that’s just the beginning of China screwing Wall Street, with gold and silver being the next target.
I love to hear that. Effing cretins
gdx and gdxj have been moving up all day. i like it. maybe it’s a trend change. at least we can hope.
Harvey Organ says the Chinese exchange opens September 22, and today is September 23, so I looked for something on Kitco and didn’t see anything. I hunted around the internet and found that Bill Holter said Shanghai would open on September 26. Tyler Durden says something happened on September 17. There seems to be a lot of confusion, as though this was an Obama project.
For a guy who does a fair amount of traveling, DB sure has an “I don’t know and I don’t want to own either one” attitude.
The good thing about this .. if you ever hear that Davy and his side kick are buying PM,s .. you know the top is in.
Comments on gold and silver start about 2:10 minutes in:
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Overnight $3K gold, eh? A gold bugs wet dream….[snicker]
Organ says when China and Russia disclose the true amount of gold they hold, there will be a price spike never before seen in the history of the world. Organ says, “You will see that you will go to sleep at night, and you will wake up the next morning and see gold bidding at $3,000 per ounce, and there will be no offer, and it will rise by $500 a day. It will come in 2014. They are running out, they don’t have it.”
The supplies for silver are even more strained and suppressed according to Organ. He says, “Silver is similar to what is going on in gold, but even better. In China, on September 22, they are going to have a futures market similar to Comex, but it will be in physical metal. You settle in physical metal. So, for the first time, you are going to see the pure price discovery mechanism work, and it’s going to be in total conflict to the crimes that are being committed on the Comex. Organ thinks silver will trade at “$200 per ounce” and says, “By December, this whole thing is going to collapse. . . .
Good for that young person to take a stand from these mindless kiss asses which attitudes would win no wars then or now against invasion of US territory.
I read now someone in Washington wants to increase the number of immigrants to 2 million a year from 1 million instead of decreasing it to the previous 100k With that don’t see where the Georgia guide stones come in. All I see is a country turned into overpopulated disease ridden low wage resource depleted just like where their trying to get away from without their gov trying to change their life style that caused it then have the audacity to come here and say our country’s flags or religion or customs offend them. That sounds like war words to me. And Mr O who swore to uphold the constitution but claims he’s Christian and plays tough but wimps out. Guess that means if he’s for them he’s against US so what is he doing there?
Submitted by Tyler Durden on 09/23/2014 11:53 -0400
One encouraging factor about the SGE and the SGE international platform is that there is a lot of physical gold flowing through the Exchange. Therefore, price discovery is not just based on an inverted pyramid of mostly unallocated gold as in London or mostly cash-traded futures paper gold as in New York.
http://www.zerohedge.com/news/2014-09-23/china-moves-dominate-gold-market-physical-exchange
They make a big deal about Pit Bulls although most are loyal and friendly unless protecting family. But now their looking for deadly pythons in NY sewer systems migrating from Florida as well as Florida having to worry about poisonous snakes now like cobras. Yet not regulations are made their not registered and not accountable to what happens to them so people let them loose on the public to multiply.
$200 oz silver by December of this year.
Hey it could happen!
That kind of thing makes me absolutely puke! Ridiculous!
I know exactly how you feel … any glimpse of light and we expect to get pounded down some more. We can’t know that Harvey is right, maybe 2014 isn’t the time, but I think that if not then the repricing is still very close.
“financial war”
I’m grokking on that … and the USA for various reasons is not favored in this war. The losers will have seriously reduced living standards if not worse.
Thanks for posting the Organ piece. I just don’t know what to say. We’ve been hearing this for 5+ years now! and whenever the cretins are in trouble, rules are overlooked or changed. I don’t mean to be a pessimist, but we have been so “conditioned” to expect pullbacks on breakouts and negative reactions for every foreseeable positive piece of news for the metals. IMHO, I truly believe this is one big financial war between the East and the West.
So really what I like to do is high-end residential remodel and design. It’s not just all about the pretty picture. But rendering pays the bills, my favorite clients are dinosaurs who still draw in CAD programs with lines.
This is a nice job, it’s a rowhouse in NJ, a historic neighborhood.
once I get the model set, I export it into a rendering motor program that makes it look nice. I them send this actual 3D model along to clients so they can explore the design on their own machines. Problem is that most people don’t have video cards up to snuff to view my models live (in real-time) that look like this on their computers….yet. That’s where NVIDIA video cards come into play…and the doors of perception now open.
clients either love it or hate. There’s not a lot of confusion on the design intent.
Yes, I knew his Majesty, Abdullah Hussein. He was one class behind me. A popular kid. He always had 2 bodyguards with him at all times. Occasionally, you could see him trying to ditch them.
Stoneleigh Burnham would bus girls over to Deerfield for dances. Some boys would sit in lawn chairs where the girls got off the bus, and would use diving judge cards to rate the girls. Cruel behavior, but back in the days of an all boys boarding school in the 70’s, it was seen as funny.