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youcan'tstopusnow
#3741 Posted : Thursday, June 27, 2013 9:50:12 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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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symbols
#3742 Posted : Thursday, June 27, 2013 3:44:50 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
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youcan'tstopusnow
#3743 Posted : Thursday, June 27, 2013 4:11:03 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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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symbols
#3744 Posted : Thursday, June 27, 2013 6:38:38 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
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murchr
#3745 Posted : Thursday, June 27, 2013 7:55:37 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
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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youcan'tstopusnow
#3746 Posted : Thursday, June 27, 2013 11:19:44 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Gold breaks below 1200 for the first time since August 2010.
GOD BLESS YOUR LIFE
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hisah
#3747 Posted : Friday, June 28, 2013 7:11:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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  | | Edit by user: Saturday, June 29, 2013 6:48 AM | Reason: Not specified
hisah
#3748 Posted : Friday, June 28, 2013 7:14:45 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
symbols wrote:
Europe strikes deal to push cost of bank failure on investors

Wow.

That move was anticipated after the Cyprus bail in daylight robbery. Capital flight is still looking for a place to land. Guess where smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3749 Posted : Friday, June 28, 2013 10:56:03 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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hisah
#3750 Posted : Friday, June 28, 2013 11:00:43 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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