RE: RE: Douglas Lake-8saturday8Hi Yukon Cornelious: I think I remember you from the show in Chicago. First I am sorry for giving out the news release dates the other day as you can tell Wednesday it did not come to pass but I was told by a director of the company it would happen on those dates. Lets hope it will come soon.
Listen I will give you my take on the share price. I'm not talking about only Douglas Lake but all gold stocks. I could talk a lot about this. But remember this is only ONE MANS OPINION. I have been through this before. You never know how well financially fixed anyone is today. One day they can be a million air and the next day they don't have a dime to their name. You never know how they are positioned for risk. Now allot of people buy stock on margin. I know you cant buy these little stocks on margin. But say someone has bought a big position on margin. Say a hedge fund blows up overnight and craters the market or a new war or some other natural catastrophe. The company that has this companies account will sell everything in your account to cover your margin calls no matter what it is to get cash. This will put a hugh amount of stock say Douglas Lake on the market. Could Douglas go down to a couple of cent a shares? Sure it could.
In my opinion the dollar is toast. The banks the Federal state and local governments are broke. The governments are in there manipulating all markets. Do not forget the Federal Reserve is a private bank not part of the government. They are trying to print their way out of our situation. It will not work this time around. They have done this in previous recessions but we are in too deep this tie. Why do you think all these other countries are dumping dollars and buying gold. Because the dollar is going to be like the Zimbabwe dollar. We are fighting wars with no way of paying it off. There are so many companies moving out of the U.S. Wheres the tax base coming from. Please do not listen to the government. Things are a lot worse than they are telling you. Go to shadowstates.com and go to financialsence. com and just listen to the real story. Three years ago there were about 5 banks that went broke this year there are around 130 banks that failed and the year is not over yet. There are over 400 banks that are in bad shape. They even took over banks that were not on their list as being bad. They would take over a lot more banks but they are afraid of runs on the banks.
Jay Taylor is recommending that people sell their gold stocks that they are making profit on and keep the cash so you can buy more gold stocks latter at half the price because he thinks the stock market will crater and take the gold and silver shares along with it.
Well you asked for my opinion and I am sorry I started rambling. My niece just sold her house in North Carolina for $40000 less than what it was listed for. They are trying to buy a better house but the appraisal came in $50000 under that one. So the way I look at it you are still going to see housing prices decline and high inflation for food and other commodities. Please don't waste the blogging space answering this because I know a lot of people think everything is getting better but what happens when the stimulus packages run out are they going to create another stimulus package and another and another. This ONLY MY OPINION. I see gold going to $4000 to $5000 an ounce not because the gold is worth more but the dollare will be worth a lot less. Have a great day