RE:Comex price collarShatnersRug wrote:
I'm uncertain that there has ever been a greater that $100 drop/increase in the POG in any trading session.
However, the fact remains that come Monday, this collar will be in effect.
Why?
I postulate that POG has been artificially propped up for quite a number of weeks now. The reaosn being that the U.S. economy is showing resiliency and thus reflecting very positively on the greenback. It may very well be the case that the reins on paper gold will be let loose come Monday, and that the collar will prevent a potential spike in USD Index increase.
In China and India, gold is trading at $1-$2 over spot. One to two bucks!!!
My feeling is that we will continue seeing gold lose value in 2015. Where will that leave the miners? Some will be forced into C&M, others will be bought out. TGZ, being close to debt-free is in a good position. Gold will have to dip to below $1000 for TGZ to place it's assets in C&M. Or they could be bought out. IMO, they would be a prime takeout candidate given their debt-free position.
But I digress.... I realize that this is a TGZ board, but I'd like to bounce my conspiracy theories off people of like-mind.
Comments on what TPTB had in mind when they initiated the price collar? To stave off a massive selloff or price increase?
Shat
shat - I'm being serious and I'd like to think I'm not as dumb as people think? (I didn't want to say I'm smart - I'd like to have someone else say that)...
POG - you're right on bruh, but I'm a little more bearish than you - I do expect it to trade down to sub 1k - simple - the USD, nuff said.
now I don't give it a sh*t about gold - but I do with miners - TG for one and I'm looking at other miners in that space or their so called peers and god damn - this company is either blacklisted and everyone just hate its mgmt team that's why it's has not liftoff - well you can blame POG, them missing the quarter(s) and me dumping it and what have you but damn - I have a better chance at winning 10 races at a horse race than me making 3x money - that's why I dumped it .55 and I hate being right when I said we'll see 40c again, I wanted everyone to make money but I was going to short it if ran up (LOL, I know I'm an as*)
I had better plays to think about than TG - shorted LRE and all of these oil co's - in that period, it was too juicy not to participate in that action.
I'm back on TG though - I bought 405/41/415/8 - apparantly lol/ 422 - lol lol/ 43/43.5c (by the way when I add the c at the that means cents not celcius - someone said I was calling the temp when I shorted nat gas- lol)
just to end this blabber on a positive note, I do believe at some point it'll make its run again to a buck but if you're thinking about buying peg it below the buys of the insiders they suck at buying TG - lol as they all thought bottom was in and I like I said before we're all suckers....