RE:RE:RE:The only trades that are being made now and for the last 6 Personally, I expect gold to have a great year in 2015, but having enemies like the Fed and its bullion banks and the 100:1 leverage the paper markets give them means gold has some poweverful opposition. The mentality of trading for a penny is a day trader mentality, but daytraders see the world differently. Trading is their adrenalin, but they forget the big picture. Had there been less of that around here, the financing wouldn't have been done at $.05.
My concern is the Chinese will make an offer the day the PEA comes out, before gold has really confirmed its next move north and before GL has a chance to take this show on the road and get some serious institutional interest. . I'd hate to see the buyout price, like the recent offering, determined by daytraders rather than long-term value investors. Yes, PXA was a disaster, but it is a completely different story from EGX. I did get an idea of what the low ball offer was (still much higher than today's price),and that's why I feel the Chinese might move quickly and catch everyone off guard.