RE:The Shot Across Comex Bow and Where POG goingThat was an excellent video.
Top take aways I got was FED tricked US traders into driving gold price down in the face of the breakout above 2100. The FED doesn't have the power to dictate price of gold by itself, it needs to recruit the trader community to do its bidding, but they tricked the traders into losses this time......so, such anipulations in my estimation are going to be iffy going forward....i.e. the FED arm, 'Plunge Protection entity' has lost its power to control the gold price.
The breakout was likely a deliberate attack against the US dollar, made during very illiquid time of the night to maximize the price rise during very thin trading....who was behind it?.....Russia? China?
All the gold bullion dealers believe the fair value of gold now is around $2500 USD.
So, now the NFG Shorts gave the price of gold breaking out added to tge list of other possible positive catalysts that NFG could have in the months ahead.
IF the Short positions purpose and goal is just for gain, because they actually believed that NFG was over valued, they are, in my estimation, trying to cover, using the Flow Though share deal price drop as the opportunity to cover.
If professional Shorts have been hired by BIG GOLD to hold the price of NFG down in anticipation if a buyout offer, the Short position may be liquidating their short position in lite of the Flow Through sell off, in order to 'reload'...i.e. free up capital to use to Short and cap the price of NFG in the months ahead.
I suppose tge 'reload' option could also work if the Short still believes NFG is overvalued and unproven as a commercial project.
Time will tell the answer to the Short positions manipulations. But, it will be significant if yhe Short position is covered permanently. Rallies henceforth would be 'Stickier', and could build into an uptrend.
That's my view of the situation regarding the Short position.
I do think it is KEY to get production going from NQW. We are in, and have been, in a RACE to get NFG developed as quick as possible, and beat the coming hard times and financial market problems/ disasters coming.
To think that the share price doesn't matter, and to assume that financing will always be readily available is DANGEROUS. ...To NOT fight back against the Short position is misguided...to be kind.
I think there must be better planning that could be done to mitigate against the effects of a languishing stock price. ...Key is getting production going, and stop relying upon constant need for share dilution...at low prices, no less.
We need to assume we are in a race with the developing storm rolling in. There is no time to waste!.......Gold appears to be the best safe haven for the coming storm, but, you need to prove up that you are at least a commercial deposit......We assume it, but it needs to be OBVIOUS to the wide world, in order for the 'safe haven' designation to be applied to NFG!