Post by
gnawitall on Dec 09, 2015 9:10pm
The other side of the coin not said !
Possibility - A 200 million dollar ' Ark , is built - Just like Noah's Ark of biblical times. The Ark is really a means to save when one is over extended and wants a safe way out - The short position in Nova Gold is about 13 million to 14 million shares - about 4% to 5% of the capital stock. This is an extraordinary amount in my opinion given the state of the market. Is this short position of recent times ? Perhaps there is some doubt in the stability of the per ounce price for Gold in high places and the means of disposal are being put into place . Lets see Barrick has at least a dozen mines producing gold at over 1500 dollars cost per ounce - I think those mines will have to be closed sooner or later. And if Gold goes where I think it will go there's going to be a lot of gold share hoarders sorry they took their positions . And couldn't it be that Kaminak is being pinned where it is at 75 cents to 80 cents so that it can be unloaded lock , stock, and barrel to the blind and the vulnerable pension funds that are over-awed with past performance that was really a matter of ' Luck '.
Remember what was proved in Babylon - two and two equal three if you are buying - and two and two equal five if you are selling !
Blessings from Gnawitall