RE: RE: Crazy 'GCU is absolutely dead money for awhile'. I couldn't agree with you more, along with hundreds of other good projects. As I've said before, until CIBC (whoever they are) stops selling GCU, we are going sideways or down a bit more, right Troy!! Right Richard!!!
It was all about 500 shares at a time for CIBC up until 1:00 PM, and then POW, 3:55 PM came along and they unloaded.
This is definitely a stock market where even great news is not rewarding, so GCU, hold off on any news release about the Malawai REE status. Keep your REE updates for later!!
2 interesting items:
1) Fitch upgrades Greece's debt from CCC to B-, which is still junk status, but it's an improvement.
2) EU probes oil price fixing. Maybe they should also probe Wall Street's manipulation (fixing) of gold.
On No. 2, the Chinese are aware of this, and have been taking advantage of the opportunities to buy, both oil and gold at these low levels. The Chinese are thinking long term, something that the US is not doing. What does the US (Wall Street) do, they think about the next 24 hours, maybe a month out.
The Chinese have bought into the Canadian oil picture, and they will continue to do so, while the US is generally exiting the Canadian oil scene.
With that said, the Chinese may also be looking at a few international gold companies, for future investments. Why not!!
Just my thoughts and probably the type that scoutaz, geospot, and barisan would like to respond to.
Question: where is GOG??? Could he still be fishing up on Springpole Lake and out of touch by cell phone??