Can anyone illuminate the board on what happened with the warrants today?

It seems like there was a concerted effort to buy anything and everything with prices ranging from $0.015 to $0.12. Volume was (relatively speaking) huge compared to NON-existant trading action for three weeks.

What might cause an extreme price action today?

Why are the trades all out of time order on the TMX?

Someone getting ready to go long? One can hope, right?

Special Alert – Sell Remaining GLD Puts

Dear Subscriber,

The GLD puts we purchased as our insurance trade are nearing expiration, and it's time to sell. They are currently trading at $6.60, yielding a 257% gain. Combined with the 500+% gain we garnered when we sold two-thirds of the puts a few weeks ago, we'll be cashing out for a minimum gain of 430%. Depending on when you sold the first tranche of puts, your own personal gain could be considerably more.

.....

This is a credible source. I wish I kept the emails but I deleted them (as it conflicted with my 'hopium' investment theory).

Around low $1500's Casey Research put a recommendation out to protect investments (by either selling or with puts) anticipating the significant possibility of a pullback. This is first time (as long as I have subscribed) that they put out such a clear actionable warning.

I can't remember exactly where, but after the biggest drop (mid-high $1300's) they recommended closing protective positions.

Now they recommend buying. They must feel the risk/reward play is very favorable.

Even if they are wrong - we should be hoping that LOTS of people act. We need some positive momentum in this Gold/Silver market.

I haven't seen this posted anywhere yet - but it is a good recent speech by Eric Sprott.

http://www.youtube.com/watch?v=42WMsR-RPAQ

Good luck to all!

Warrants lose 50% of their value in one day after having been down almost 66%

Not even a comment here - stunning.

So what's the best way to console yourself after a 50% one day loss.

Just realize that 0.15 out of $6.00 is only a 2% loss.

However, it is 'the straw that broke the camels back' - I'm out as stops got tripped.

Good luck to all.

Argoz - you are totally right about your opinions - don't even discuss it any more! Thanks for posting them daily - I have stopped having it sent to me as I know I can read it here if I wanted.

I, like most here probably, enjoy it when articles are posted. If we all have our collective 'ears to the ground' it just might give us a heads up for what is coming - but who knows anymore. I am confident that no one here would be trying to pump C+P'd articles as their own work.

Merry Christmas to All! It looks like gold will be off my hoped year end price by about $150. Disappointed and bewildered are understatments to say the least.

Gotta finish up wrapping presents!

Here's to a great 2013!

Zipper

Could someone, preferably American, elaborate on the situation regarding the current "Fiscal Cliff" drama and the connection to the Debt Ceiling.

I would have thought they were two seperate issues - the Fiscal Cliff (which I thought had mostly to do with Tax cuts and social programs coming to an end at the end of 2012) would be dealt with first (ie this week, please, to avoid any other stock market drama :)) THEN the debt ceiling debate would start up next month and be a hot topic for a month or so (adding rocket fuel to the PM prices).

In reading today's LeMet, it seems there might be a Debt Ceiling agreement wrapped up in the Fiscal Cliff negotiations.

If someone could provide an explanation and likely outcome, that would be appreciated.

Zipper