Re: For the 'non Lemmings'.. tidbits
in response to
by
posted on
Feb 14, 2013 02:01PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
AUM is in good hands. What recent events tell me (just me) is that they absolutely know the scoop. Management is well informed on the machinations of the cartel and the hedge funds. Those who played ball will be rewarded. Management has friends in the cartel's realm of influence... as some astute juniors have. AUM may go lower just for cosmetic appearances, but do not flinch. AUM will be a beneficiary of their foregoing cooperation with others. We know who is invested in AUM ... but not all. All the long suffering but well informed insiders (and friends) know exactly the rewards looming. Do not worry about where the price of AUM will be in a month... and the year. What that tells me (just me) is that the near term bloodbath in the JPMs and the metals (but remember the big boys are going short gold and long the stocks ... no one said how cleverly) is here ... if ever you had to think about deep storage 'ounces in the ground' do it now. The U.S. Fed needs/wants ounces in the ground to supplement all the gold it will need to cover at higher prices. Even the Cdn connection, Scotia Macota, .... and probably all the Cdn banks are in on the 'strong dollar policy'. Gold must be face massaged reeeel gud.
The last of the widows and orphans will be executed over the next few/several weeks. I have never seen such a coordinated media effort warning about the death of the overbought gold markets... and the losing producers. Whoops, gee, I wonder why recent acquisition moves are bidding them up now? That's odd. Gold is in the 11th year of 20 year bull market. Today we had some schmuck 'guest' on BNN saying that the currency wars are BS ... Bloomberg even said so? How much more desperate can you get for &^*$ sakes! Dennis Gartman is out of gold and will be right but only short term when he will suddenly and unexpectedly yell to get back in ... just after $1540 gold. The World Gold Council is trotted out to diss gold and overlook 'certain points'. Wait a minute, the World Gold Council is about to hold a closed conference on educating banks and Gov. Ministries on how best to manage gold. Why now! All the expert gold bugs from Sinclair to Murphy are getting pissed on like never before. Very few retailers read the facts and understand currencies or history. All the CEO's of the big producers are trotted out to admit there is no money on gold going up so better management is the answer...cut costs...sell the gold stocks ... plan around the $1400/ounce price. Why did all the big boys get trashed and why is it seemingly coordinated to this point in time?
But, who's buying the 'dead stocks' here? Retail investors are in their last gasps of capitulating. Chat forums on gold stocks are being attacked like never before.... and it has been bad for years. People are being convinced that the ounces in the ground aren't important... a David Copperfield move. In Houston, people selling gold jewelry are being fingerprinted and photographed. Banks and investment houses are warning their 'good' clients right now that gold is not the place to be ... that is has seen its highs ... but they say nothing about timing. Yes, they will be right, gold is going down and they have been informed so. They do not have any guidance on timing. Unusual don't you think? But do those adviser's employers own any gold stocks? Hmmm. Why has 'anonymous' been so obvious all over the dam place? Why has Canaccord never replied to the public allegations against it being the Wall St. conduit for naked shorting the whole dam junior markets in Canada? Why haven't the Cdn securities regulators ever addressed these allegations?
The game has been fixed for 10 years and brothers and sisters in gold/silver ... what we are witnessing right now is the biggest con job in history. I believe Jim Sinclair will be right. The end of March beckons and everyone has the opportunity to ride with the big boys or sell in fear. It's your choice.