Re: Posting here
in response to
by
posted on
Sep 21, 2010 09:58AM
(Edit this Message from the "Fast Facts" Section)
I know what you mean Pic...as Sprattnikie over "there" I only get two posts a day and I have to admit that fighting the constant battle with the liars and bashers gets tedious. One of the things we old timers in the PMs are struggling with is the relative ignorance of so many new to the area. Many simply don't know much about gold, it's historic significance as a currency, it's role in inflation, it's suppression, this massive bull market it is in...etc.
I get disheartened by the fact that so many will not even go to the SFMI website and read all the good material there. They just look at the stock price. So, in essence that is what so many of us longs are battling against. It is this unsophisticated investor that aids the criminal thieves paying for the bashers to post their repetitive dribble...especially lately.
I don't know about you folks, but I often get inboxed sometimes with very leading questions form a person who says they hold a ton of shares. Some of them are just sincere investors most curious about the stock. However, I get the mpression that at lest a few have other motives and it makes me uncomfortable.
In the big picture, which gives me so much encouragement, some of us know that the PM markets are on a trigger finger like never before. After reading several opinions from astute PM pundits yesterday, I'm cleft confused. Are gold and silver going to break out to the upside here...or break down for another cartel led raid? Take your "pic".
If we get a break out to the upside those pressing down on the likes of SFMI will lose as will so many traders hoping the price will fall. Just checking a few of the intermediate explorer/producers/develpers one can quickly see the increases of 50% and more in so many of their shares in the last few months...so this JPM sector is about to get lit up as they follow their bigger brothers as they have much, much higher leverage.
If one has a real hard look at the fundamentals of both SFMI and the PMs, there is no reason for SFMI not to be trading at least 50 cents right now with a huge bias to the upside. That "other" stock we have at 74 cents should be/could be $5 in a flash it is so brutally, illegally smothered. Peple have forgotten all alt what the menangof "foward expectations" is all about. (If ever there was a case for a law suit that is it.)
The resource that Pierre "et cest freres" has fallen into is so phenomenal that it cannot be screwed up no matter what happens...in my very humble opinion. Not that I don't think he deserves accolades for buggering on to get to this banchmark with it. That the price is being managed here is without doubt in my mind. When the dam breaks morons will make money in this stock and almost any junior with a symbol. It is goingto get nuts. when? Well, we are two years late...so when? That is the question we are all fussing aout in the deep recesses of our dithering gold bug minds. It could be very sudden...and not being positoned will cost.
So where do we go today? Up? Down? Black Swan event? Massive QE cleverly hidden in the FOMC blather. Greenspan calling gold "the canary in the currency markets" again after screwing ... with much help, the whole US economy for so many years and now having a change of heart? A "China" selling US Treasuries or buying up all of Canada...nah, just its commodities.? An India or Russia or ME making a huge gold deal...or another large takeout of a gold miner? How about another nationalization of a mining giant? What about a default in the Comex or JP Morgan paying cash for it's silver shorts? How about a major industrail silver user bidding up the price of silver by 5 bucks because it is so desperte for the real thing? Maybe more snide comments in the media about gold bug conspiricy nuts. How aout BNN canceling the Friday interview with Bill Murphy/GATA again after chanign their mind yesterday after they were flooded with complaints? Ther a hundreds more possibilties.
Throw out the charts and fundamentals...they get trumped by spin, high frequency trading, derivatives, interventions, naked shorting, regulator absentia, paid off politicians...well you all know this.
Hey today is FOMC "day" and the eve of options expiry....and the latest juiced housing stats. The Recession "is over". What else do we need to know?