As most here know, I ran a small resource company for 7 years up to 2003, and i remember all the overtures from outfits needing a corporate shell or merger to get their business on the NASD exchange.
This GHDC thing with Canadian money flowing through to SFMI, and South American casino interests wanting a NASD home, makes sense and has a ring of soundness. If the bottom were to fall out, wouldn't it have occurred by now?
Surely we will get some action next week, although I would have expected more buying in anticipation. Maybe this will be different and we will get sustained buying AT the announcement this time. Hey, a guy can hope.
I agree with BOUTS that after the intended last week in August to seal the deal, we have to get something between Tuesday and Thursday next week.
Gold and silver were initially whacked tonight on speculation that Syrian war will now rest with congressional consideration, but silver has risen $.90 off its low near $23 and is now up $.35. Gold is still down $5, but is up some $16 off its low.
Mid Sept. is a key turn point time frame, but we dont know if that will be a high or low. For sure, gold seasonally runs up strong from August to January, with a sizqable retrace only in October.
Let the gold shine in various ways!......pic
