Ridiculous Gold Manipulation, This stock in particular
This company in particular is being grouped with all the other golds that do not have the same scenarios happening at the moment. Remember these guys have one mine in full production, one that is ramping up production and costs to produce an ounce of gold well under 600 per ounce. I'm certain that there are many senior golds eyeing the activities of this junior company at the moment and in fact are envious of the ability to produce an ounce at such low costs. Maybe even perhaps contemplating a buyout to pad their own ROI for their shareholders. Bottom line this stock is getting brought down with the group. Banksters and big money are trying to slop up every share they possibly can from small investors and weak hands. This stock is worth at least a dollar at this point because they are profitable even if gold get manipulated back to 800-900 per ounce. They are exceeding all targets set by management for their quarters and will be making money even when some of the others are scrambling to find funding and remain a going concern. The drop in share price is obvious thievery from the financial industry. My suggestion to all is accumulate and put in a higher priced sell orders on your holdings to ensure your own brokerage firm is not playing against you with your own shares. The US claims to be in recovery and are aiming to boost interest rates, this will only slow things down in thier ecomomy, take money from the vast middle class and reveal the harsh reality that the economy is not as strong as the wish everyone to believe. They have 20 trillion dollars of debt that they need to deal with... has everyone forgot this fact? I'm not even so sure the can afford the interest payments needed to support this debt so they better hope that the US dollar remains the world fiat currency. As for Canada they are tied to US at almost every level and are currently in housing bubble that is about to burst and an economy that is sliding into recession. These two economies are suppose to be the bright spots in the world! I don't think so. For that reason alone I think gold is going much higher after the Banksters and big money steal all the gold paper and physical alike. DONT BE FOOlED USE THIS BEAR ATTACK AS A BUYING OPPORTUNITY! Cheers And GLTA Longs