RE: GMP and ParadigmIt is unprecedented what is going on in the financial markets today. CASH is KING and there are institutions that are selling regardless of the price. These are desparate, desparate times, and as much as we are getting spanked with the best of them there are lots of others in the same ship.
Today it was confirmed to me that a large mutual fund is selling some of their Mansfield shares. This is probably the bulk of what is happening. I will have a better word next week on the status of that.
Beyond that I have heard nothing that indicates the story we have been told is any different than reported.
If the price of gold doesn't follow the meltdown of what is happening and going to happen in the financial markets then yes this will be one Huge steal and now is when we should be loading our boots full (my cuppeth runneth over).
But if gold collapses like it did with everything else did in '82 then Fifty Cents might be expensive. But its different this time right? Right?
Never have I seen so many analysts, industry people saying the same thing, that gold will only increase in price. I hope they are right but no one is going to guarantee that.
I bought more shares today and I will buy some more tomorrow. Till death do us part.