RE:OptionsMarketsense
First, let me say, I am invested in TGZ’s growth, future and success; and I expect a very nice profit from my investment.
Just My Thoughts
IMO, if TGZ did a reverse split; some would, (without bothering to even look) believe that TGZ is/was having financial difficulties. As you all know, if a stock appears to have problems traders tend to stay away resulting in a reduction of the daily trading by investors wanting to invest in a growing, successful company. AND, if a stock appears to have problems the presence of `short’ players will increase.
IMO TGZ, as well as many successful miners are experiencing share price suppression. Said share price, (and gold price) is being suppressed by `big money’ – The reason being; because it’s not enough that the price of gold and silver are being suppressed to support the imaginary value of the USD, `big money’ wants gold and silver (see COT Gold Report below) and the whole PM industry to look bad, thus supporting the USD – I suggest that if anyone here is unfamiliar with gold and silver price manipulation; spend some time researching on the internet.
Additionally, IMO, individual `short’ players are well aware of what is happening to gold, silver and the mining industry and have joined `big money’ plays. Note the following:
Recent 22% increase in TGZ short interest (shares short) now 388,200 shares (10 days to cover with daily trading volume – Average - 38,800 shares).
While some may downplay gold price manipulation as nothing more than a preposterous conspiracy theory; the following COT Report numbers cannot be dismissed and/or ignored.
COT Gold Report – Released February 12, 2016
Commercials increase short positions by 32,456 (100 ounces each positions means additional 3,245,600 ounces of gold is `short’)
Commercials total short positions = 226,280 (equals 22,628,000.000 ounces of gold short)*
Note:
COMEX – Gold – Total Registered (for delivery) = 243,791.340 ounces (7.582 tonnes)**
COMEX – Gold – Total Eligible (not for delivery) = 6,323,207.668 ounces (196.673 tonnes)**
COMEX – Gold – Total Registered and Eligible = 6,566,999.008 ounces (204.256 tonnes)**
22,628,000.000 (ounces of gold short) – 243,791.340 (ounces Registered gold) =
22,384,208.660 ounces `NOT’ backed by physical gold – Backed by paper only. 22,384,208.660 ounces (ounces of gold short) / 32,150.75 ounces gold (1 tonne) = 696.226 tonnes of gold needed to cover short positions. *
https://news.goldseek.com/COT/1455309114.php **
https://jessescrossroadscafe.blogspot.com/ Can we expect relief from the price-fixing and manipulation of gold? One possible answer found in article below.
China to Start Yuan-Based Gold Price Fix in April: Game Changer?
https://goldstockbull.com/articles/gold-price-discovery-moving-to-china-in-april/