RE:RE:Geospot, etc
You and Illarose are correct. To quote Mark Twain, "The rumors of my death are greatly exaggerated." I'm still long and sitting quite painfully on a mountain of shares. I have been ignoring this board because in this market there's nothing to say, and I didn't think I would read anything here that I couldn't hear from other sources. That said, in the last few weeks I had started to regain the smallest interest in this stock again as I had heard, post the purge in the corner office, that beneath the gloom there were positive things going on behind the scenes. I came to the board today to see the reaction to the non-brokered private placement news (could it be that the private placement was contingent upon some changes?). Anyway, on a related note I had seen this week and today as a really significant watershed point for gold. When I saw the relative strength of POG in the face of some not-so-significant positive economic news (The ADP reports are always wrong) I was encouraged. The sell-down overnight of gold was predictable as nobody wanted to be the last one at the exit if there was a big positive surprise in the US jobs report. Had there been, and had the market once again over-reacted, I was prepared to liquidate my remaining physcical gold for the nearterm. Well, there was no positive surprise. It was negative news. In fact, they revised down previous reports and attributed the small fall in the jobless rate to people giving up on finding employment. All of which gives the bulls who see the technical case for a breakout to the upside more powder, and even the Feds Bullard said today after the report that tapering any time in the forseeable future wouldn't be a good idea because they had been wrong and overly optomistic about recovery too many times before, plus it would have an adverse affect on inflation (they fear deflation more than anything) and on interest rates (already the U.S. housing market is feeling the effects of higher rates and within the jobs report, construction jobs fell). And so now we see, I think this placement being viewed as a positive that GCU could raise money in a market where almost no gold company can raise. All my opinion, and any references to any person alive or dead, including Mark Twain, are purely coincidental. Kudos to Akiko for cutting the payroll.