BAY is a well orchestrated promotion in a stinking silver sector. Sure the stock is higher than when I had the balls to state at C$1.70 this stock was a pump and dump and still is. When the brokerage houses with the aid of Steele and Croupier Claude were helping get the first batch of warrants converted from the 3 prior years promotions at C$1.75, 2.24, and now $3.50 converted, people who understand how the game is played can choose to buy into a greater fool theory stock if they want to. But you won't find ME in their ranks. Been there, done that and got out and left money on the table and didn't whine one bit about the unmade dough.
If one wanted to hop on the BAY bandwagon, there are all kinds of promotions to pick, BAY is just an example, and NOT even a good example for a GOLD PRICE MONITOR thread. Oh, BAY promoters are now talking about "gold credits" over there, now that there's a little rally in gold that may or may not be a blip.
BUT, a promo is a promo is a promo. And people with gnat's eyelash attention spans never go back and look and see that they same game has been played on them for the last 3 years on BAY or 3 decades on ANY gold or silver sector stock. Price of gold is really irrelevant to them, ditto price of silver. It's all about playing the promotion game.
If you or any other "lovers" of the BAYs and Bema's out there care to look at individual stock history to get a feel for what is going on out there, you will discover an ANNUAL PROMOTIONAL CAMPAIGN has NO relationship to the price of gold with the sole exception that a promotion is easier to sell when people aren't temporarily depressed about your final product- in this case gold or silver. It's just an easier sell POSh*t stock promos in a touted bull than selling in a touted bear market, even tho' it may be clearly a bull-trap rally in a undisputed bear market commodity--such as gold and silver.
For example, the much pooh-poohed entrance of German Leased gold "threats" made here as of late have NO frame of reference relevance to either gata nuts or non-gata sectorites who haven't studied their gold history and realize just how much WWI gold Germany actually has. YES, STILL HAS!
I'm on record here for many years stating categorically and backed up by some industry heavyweights that German's deutschmark has been FULLY goldbacked for at least the last decade if not two decades. THAT'S A HELLUVA LOT OF GOLD.
Now that they've played/entered/qualified for the EURO game, they STILL have their gold.PLUS figured out a way to NOT divest it and still qualify as a EURO heavyweight.
NOW THAT FACT should raise some eyebrows in this gold price fevered brow sector. It has not.
And since Germany still has their gold, and France still has their WWI gold, and since China's been collecting our gold in massive quantities since the 3rd year of their Panda program which began in the early 1980s, well, the size of the physical gold overhang, regardless of whose warehouse the pallets are stacked in...the size of the overhang is still enormous and will continue to cap price rallies in this sector.
So if you want to play the BAY annual pump through april each year game and try to help out the previous promo-shareholders holding the bag at higher levels by pushing a stupid stock higher with your participation in the game, by all means feel free to do so.
BUT DON'T insult the intelligence of me or this forum by making the claim it has anything to do with the exalted and vaunted price of silver which is stuck in a trading range of $3.70ish to $5ish for how long now? And why? SUPPLY, stupid.
And don't make the mistake that in the post Bre-X climate ---(which BTW still has about 13 years to go before it slips out of the consciousness of the current breed of sector speculator and the new whippersnappers respond- BRE-WHAT???-- )that promotions in the GOLD SECTOR have anything to do with the vaunted price of GOLD, which is ALSO stuck in a trading range capped by $332ish on the upper side, followed by an even higher $420ish level, and $250ish on the lower side down to Hathaway's sub $100 forecast of recent dating.
And WHY? It's S-U-P-P-L-Y, stupid.
So play promo or play miner or play recycler or play with dildos....makes me no never mind.
Just don't try to kid anyone who really sees the supply side of the picture clearly like Bob Johnson, Allan Greenspit, Zardoz, Rothschilds, and the old goat running the German Central Bank or the equally old goat running the underground repository for the massive french hoard of good delivery bars UNDERNEATH the river in paris, which will flood at a moments notice if required and well documented in current and historical literature. AND don't try to kid me who is still calling BAY a no-go just like Bema's Refuse-to-go turned out to be a belly buster for them.
Just take your money and run, because last years BAY promo bag holders are waiting in line for you, majorly. And the dilution you are facing if you continue to buy into the measly-$45million-financing-spin-dead-ahead-
needed for Bay's mexican hole in the ground silver sufide mine is enough to make even a goldbug puke. ESPECIALLY THIS ONE.
Ciao |
