RE: 160k reply to Ninelives: Thanks Niner for your usual insightful input. You are right, there is a tremendous push to get the price of gold down and the manipulation involves the major gold SPIDERS and other-related ETF's etc. I have heard prices as low as 800$/oz now when everything everywhere around the world points to the opposite. There is tremendous demand for the metal and the supply is simply not there to meet demand. Certain countries such as China and India are demanding that their paper be converted to delivery of the physical gold but because this whole collapse has been a total manipulation, there isn't the stocks of physical gold available to make delivery and those interests that insist on obtaining the actual metal, may just pay more for it and cause a massive rebound in the price of it. I am still opptimistic of a major rebound once yield seeking investors are through looking for those type of investments. The notion that the U.S. economy and its currency is now in recovery is simply a fallacy beyond that of Alice in Wonderland. There is not anything more ridiculous than this false sense of propsperity suddenly overtaking the U.S., thus the change in sentiment away from gold as a hedge or protection from inflated values in the currency which is truthfully only backed by banana-chips and popcorn...which is about all the U.S. can manufacture these days. It is all about moving paper around through naked short selling and the Government allows this to happen because it is the big bankers in the U.S. who are the only beneficiaries of this game.
Niner: Diversification is what ANX should have been doing even when gold was in the 1700$-1900$/oz range. I welcome this also. I think ANX will survive but as Dustin said in the teleconference, the Company must seek out its efficiencies and eliminate waste. It may take a bit longer to pay off that small debt remaining and they may not find themselves in positive cash flow, but I believe that this situation must turn because of the potential losses that could be experienced by other institutions and states all over the world who are busy buying gold to pthemselves from theor own worthless currencies.
Who is sticking? Use your username to indicate your sentiment. I, for one, intend to stick and take my chances. It is not over until the fat lady comes out and sings...and I feel that Dustin has too much invested in Anaconda to allow it to go under. And yes, NineLives, gold coins are being sold for tremendous premiums all over the world by private and state-owned mints. This entire downturn started with the idea of Cyprus selling gold to pay down debt but Cyprus has dispensed with that strategy has not sold a single ounce. We have to bear down and sit through this crisis in confidence, as I see it.