Big Al talks with Rick Ackerman about both gold and gold stocks.
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Howdy CaliJoe,
Yale and Donna are on a vacation of sorts.
We will have an update on both Exeter and Extorre this coming week.
Have a great weekend,
Big Al
Yes, I am sure he is on vacation with all the money he made from stock holders!!
I was a bit late to Extorre, wish I had bought facebook instead. Yamana, a company that i also own got one heck of a deal.
I feel like the small investor really got screwed in this deal, the more i study the chart, the more i do not like what happened, of course, i voted against the deal. This is one reason that I am no longer seeking new juniors for investment.
Al, if you want this gold move to be the beginning of a new significant move up you really want it to test $1622.00 for support. This is what I’m hoping for in the next 1-2 weeks.
So Doc,
What do you think will happen?
Big Al
Evening Doctor!
You are very attuned to the same general area that I am – $1625 – $1630. A slight correction would actually be VERY HEALTHY for this potentially beginning rally. If gold DID HAPPEN to come back and touch that area, the oscillators would sure look great and the next move would be A STRONG PUSH THROUGH $1725 – $1750 with a possible lunge to $1800. Some of these miners still have a few gaps to the downside that would fill in nicely if gold did fall back to around $162+ area. That to me, would be one of the greatest signs of a health gold market. We are very close!
I really think that we’ll trade back down.It’s unusual to “blast” through resistance the first time. It could back off and then the second time take out resistance and move up. The move up in my opinion won’t take out the previous highs—I feel we’ll have to trade sideways for awhile yet into next year. 2013 should be the year of the big move. The Dow/Gold ratio 200 week MA is not plummeting but moving toward a flat/downward bias and that seems to indicate no huge moves up at this time.
Hi Al.
AMY is ‘halted’ as you surely are already aware. Seems to me we will have some interesting news come Monday that will answer my recent questions regarding JV/offtake partners for the Artillery Peak project. (Larry seemed to drop a ‘tell’ of sorts in his last interview in my opinion)
Of course, I am jumping to a conclusion before seeing the news but the timing of this halt is certainly intriguing, given that it was put in place nearing close on Friday and no negative news flowed thereafter to present, indicating to me that the news is indeed positive and will be regarding the JV aspect of the story.
Do you have any thoughts on what this halt could be about? Can you envision the same type of deal announcement I’m suggesting is pending?
In any event, we should all know Monday what this is about and your upcoming piece with Larry after his holiday (conveniently before a trading halt whilst talks are on-going with interested parties on the battery side of things) should be one for the books with the company better valued by the market than has been the case post PFS sell-off , overdone for sure.
I apologize for being off topic again, but felt compelled to hear a few words from you on this halt, whilst in eager anticipation of some blockbuster development.
Regards
HI Trevor,
Larry was on vacation the week before the trading half took place.
I will be all over this Monday a.m.
Big Al
Karen,
I saw this today per the Libertarian Party:
Did you know that Paul Ryan’s “Path to Prosperity” Budget Plan:
1) Increases Federal Government Spending from $3.624 Trillion to $4.888Trillion. A $1.264 Trillion Increase in Federal Government Spending. A 35% Increase.
2) Increases Federal Government Tax Collections from $2.444 Trillion to $4.601 Trillion. A $2.157 Federal Tax Collection Increase. An 88% Tax Collection Increase.
It figures…..these guys are lost…..wouldn’t you agree…..Bobby…
Jerry, you are so right, what really amazes me is how anyone can support them or Obama. It makes no sense to me.
Thanks Bobby,
That is very interesting.
Big Al
Here is the link to Ron Paul’s message from Tampa tomorrow at noon eastern.
http://www.youtube.com/user/ronpaul?v=hEmDu1AYA4o
“we are the future”
Again Bobby, many thanks!
Big Al
In case anyone is interested:
http://www.c-span.org/RNC/Events/Ron-Paul-Holds-Rally-in-Tampa-Fla/10737433373-1/
Hi Al,
Any chance you can get Bob Moriarty back on the show to talk about NOVO. His write up on NOVO at 321 was stunning, and controversial, but when someone with Bob’s reputation and character talks I tend to listen.
Keep up the good work and hope to see you at the Chicago show.
Big AL……WHICH ACCOMMODATION HAVE YOU SELECTED FOR YOUR STAY IN THE WINDY CITY…..(As Irish would say,,,,hey bloak, where are you hitching your stallion…)
Al,
I hope you enjoyed your weekend. I’m anxiously awaiting what the news behind the AMY halt is, being a holder of many thousands of shares. Have you spoken with Larry yet?
Looking forward to the news! (Praying it’s good.)
HI Bart,
I talked with Larry earlier today.
Amy should be back trading within 24 hours. At that time Larry will divulge what has gone on.
Big Al
You’re right Doc, it’s like chopping a tree down in testing restistance and support on the downside. Takes a couple few chops…. larger the candle wick/tail, the better.
It’s also hard to ignore fibinacci retracements on short and long term chart periods with moves up like these.
Hi Al,
Haven’t heard from Yale Simpson lately, how’s your buddy doing? What’s going on down there on the hills of Caspiche?