Re: LII-- $2.20/share
in response to
by
posted on
Jul 14, 2014 04:15PM
Pash,
I think your right. Doesn't matter...right now. I hope Dave stays focused picks some good targets on East limb and has success. A few other Juniors moving into the area buying up parcels of mineral rights...and access. I suspect its a good way to draw a better than average salary start a penny stock and buy some land hoping for a proximity affect.
Read a ton about Gold this weekend. I don't get it .....why suppress something the Chinese are obviously accumulating massive amounts of ?. I understand Oil....keeping it below 100 bucks prevents all the yankee suburb dwellers from committing suicide.
I dont get gold..........I understand whe nthe dust settle the chinese will have bought 4000 to 5000 tons this year ( a good guess at this point )
But gold, why sell so low...if the U.S. indeed has 7800 Tons in their treasury....then they should hope for $ 50,000 per ounce gold. This is give them....1.06 x 10,000,000,000,000 or about 10 and a half trillion dollars.
This would cut their debt by 60 % ....
Interest payments would be redcued by a similar amount.
So why not get out of Debt...
Ahh I get it...crash your dollar so everyone else takes the hit....
Your dollar will be so low...then it will be chepaer to sell made in america.
Let people suffer through the inflation....I agree ...whats that...yeah their only voters.
I still think Gold has been accumulated by the chinese..... over the last severalyears.
ETF's I canind outflow or claims of "holdings" but........I can't find any in-flows...beyond a couple of years ago.
Are the ETF's all using the same bar of gold...you bet.
More paper = more fun.
Eventually, gold will rise.
Good Luck