I was reading this thread to comment on this:<<..Short sellers would have done okay in the US market, but for example, a Canadian who
shorted $350 gold with a $0.72 dollar might look okay until one figures that the
CAN$486 received has to be replaced with $300 gold and a $0.64 dollar
(CAN$468). Hardly worth the risk. Perhaps the winner is one who can negate the risk
of currency and supply, and be able to chose on a daily basis whether to cover a short
position with real or synthetic gold….ie, the spot deferred contract.
For this group a falling gold market is great, because the supply of synthetic gold is
unlimited. All one has to do is convince the buyer that there is adequate gold (real or
synthetic) to cover. In a steady environment of dropping prices, one can then draw on
the near infinite supply of synthetic gold provided by "sophisticated" investors, AND
obtain the benefit of acquiring real gold at much reduced prices. The best of both
worlds. What could go wrong...>>
I liked that anology. I see that 30% difference in the Buy Value of CN $ and the Sell Value of CN dollars as a time sensitive item. That we in USA have to think about. The PREMIUM of the spread difference is the main concern and affects my decision to NOT DAY TYPE TRADE any of my CN stocks. ( To my detriment at times).
But with your unbeknownst IPM story, I have to pause and aknowledge your loss. So far a paper loss that is real to you. That is true. Now, I must tell you that the reason of the loss was not what you say, but something different, I think. I do NOT know.
I see that the route they took was one on non extraction and recovery positioning, less with basic study on the complextion, magnetics, and characteristics of the ores geology than with the drill program which combined with OUTSOURCED labs caused their doom. Control by the folks making decisions was lost and the shareholders were not demonstrated that the metals were there to the best of a properly targeted program could of lead to the truths of the ores and their source rock which might of led to a different outcome.
I stopped my friend from buying Mongolia Gold in May after I studied it after the NY Gold show, ashame with this turn of events. I was right on the timing of this MGR and wrong with the timing on IPM. Goes to show you, what do I know. Ashame. My better half likes this MGR. I haven't read much lately. Good fortune, hope your dilly pays big. Some ya win, some ya loose. Some tread water and some sink. TIME will give us all answers.
Chuca( What ever happened to the Concentrates Here BTW - the Braggin ones at the NY Gold Show that I heard then ?) |
