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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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hisah wrote:With gold price dipping below $1300/Oz many mining firms are poised to shutdown as production costs outweigh income. Mines will be wiped off balance sheets. Mine firm shares will continue getting crashed. Bankruptcies and ridiculous cheap buyouts will escalate.
An arbitrage opportunity is being given by Mr Market...
GOLDEN, Colo., June 26, 2013 /PRNewswire via COMTEX/ -- Atna Resources Ltd. ("Atna" or the "Company") is placing the Pinson Mine in Humbolt County, Nevada on a care and maintenance status until further notice. The Company has made this decision in response to declining gold prices and to cut costs while conserving developed reserves. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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US businessman Chip Starnes has been freed after being detained by workers in his factory in China for nearly a week over a dispute. http://bbc.co.uk/news/world-asia-china-23063829
South Korea has started offering what are billed as the fastest ever 4G data speeds made available to consumers. http://bbc.co.uk/news/technology-23071976
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Wall St. advances for third day after Dudley comments"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gold breaks below 1200 for the first time since August 2010. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:Gold breaks below 1200 for the first time since August 2010.
And guys think 1080 is far fetched. Bado capitulation but almost there. One huge flush down to 1000 and lower should shutter many stubborn weak hands. Speed train down hill...
Some mine owners saddled with debt to the teeth... Write downs, bankruptcies, job losses, paper gold brokers... The train wreck... Physical gold will be very very costly soon...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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That move was anticipated after the Cyprus bail in daylight robbery. Capital flight is still looking for a place to land. Guess where  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Goldman Sachs sees gold price near bottom - http://www.nbcnews.com/video/cnbc/52322042
Muppets (wanjikus) getting lined up for a proper hammering... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Physical gold premiums keep surging while paper gold market continues to collapse - http://in.reuters.com/ar...d-idINDEE95P08I20130626
http://www.arabianmoney....-cope-with-huge-demand/
Yep. Physical gold prices will skyrocket before the street knows what hit it... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Comex gold inventories fall 32% in five months in bullish shake down - http://www.arabianmoney....-in-bullish-shake-down/
Paper gold going down the drain... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote:That move was anticipated after the Cyprus bail in daylight robbery. Capital flight is still looking for a place to land. Guess where
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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For me as long as the globe keeps pumping fiat money into the economy gold will rally.The big boys just have to shake out the passengers along the way.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Gold Traders Split as Rout Resumes in Bear Market Gold below $1,200, headed for worst week in 30 years The fear headlines... Sentiment already very negative... Things are beginning to line up. Street fight vs paper fight. This will be one spectacular fight if it plays out accordingly. The paper exchange fallout, those manipulative London & NY exchanges will have it very rough for the 1st time in centuries as control swiftly shifts to Asia. Russia has also opened its gold/silver exchange anticipating the move... History writing is happening in real time $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mortgage Rates in U.S. Jump to Highest Since July 2011 - http://www.bloomberg.com...st-since-july-2011.html Quote: Mortgage rates for 30-year U.S. loans surged to the highest level in almost two years, increasing borrowing costs at a time when the housing market is strengthening and prices are jumping. Slowly it's getting there... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ecuador scraps trade pact over US blackmail in Snowden case - http://www.bloomberg.com...il-in-snowden-case.html
Quote: Ecuador, the South American nation considering an asylum request from fugitive U.S. intelligence leaker Edward Snowden, renounced its U.S. trade benefits today, saying they were being used as “blackmail.” Small nation with big balls... Who's the big bro?? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:Ecuador scraps trade pact over US blackmail in Snowden case - http://www.bloomberg.com...il-in-snowden-case.html
Quote: Ecuador, the South American nation considering an asylum request from fugitive U.S. intelligence leaker Edward Snowden, renounced its U.S. trade benefits today, saying they were being used as “blackmail.” Small nation with big balls... Who's the big bro?? They've been through enough, their president died in a plane crash and there's a whole story behind that. Its possible they know something through the likes of wikileaks "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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equadors current president has the most impressive cv i have ever seen for a head of state. Google it. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Hapo sawa Ecuador. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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