Condor Gold Share Discussion Threads

[jeanesy2] 27/6/2013 20:10

The shocking performance here continues. Perhaps there has been a leak about the helicopter results. POG falling below 1200 and although we are not yet producing that is not good news for CNR. Those hoping for 'baggers' here are living in false hope imo. I will be more than happy if i get my money back here. Gold is only heading one way atm and there seems little chance of that changing, 1000 is being touted by many. I would not be surprised to see 60p here.

[saturdaygirl] 27/6/2013 14:03

Are we going for the gap @ 60p . No lower i hope ...

[richgit] 27/6/2013 12:36

Just ignore the Media nonsense, it`s exactly the same as it was several years ago as they all tried to justify Gold then at $274oz with Major producers on the verge of bust......same problems same agendas...yet who was in truth buying all that Gold at $274oz ????. They did very nicely from the contrived theft
then.

We are hardly likely to bullish views for Gold from anyone in the US with all the agendas in place, most especially from those that wish to steal as much as possible Gold from others at these levels,before they tell the World Gold will
go up.

JP Morgan and others have resolved their potentially unmeasurable losses
with their shorts in Gold & Silver and rebalanced with help from the
FED games.

The same Banks the FED has been bailing out countless times,and where the bulk
of the Money printing has gone.

You can bet they are now going long whilst they are still able to manipulate during June & July.

When has any commodity had such Physical Demand yet pushed below the costs
of the Majors.

None ever- that`s why it has to have been massively contrived !!


Just taking all the sentiment raging against "the other currency" and looking
at Gold as a mere commodity-you cannot have a situation where it sells for less
than most Majors can produce when so many want it in the East.

On top of the demand for Physical,of which ABN didn't even have to be able to deliver,World production has been falling and will now fall at a pace.

South African Miners asking for higher wages as some cannot even produce at profit !!

Barrick laying off hundreds of workers which is right through the whole Gold
industry at these prices, so even less production.

Any commodity in such demand in such a scenario simply has to be a bargain
and rise in price, in fact if it wasn`t Gold it wouldn't be at such ludicrous levels.

The next round of fears as all simply talk about the probable nonsense the FED
can possibly cut back Money Printing whilst the rest all up the pace !!!

It isn't all about the US as we look around and that`s another nonsense....

................................

"Finally, France is locked into a government that is bitterly opposed to austerity and wants to tax its most productive citizens at rates which, taking income tax and wealth tax together, exceed 100%.

Already, the state absorbs more than 55% of GDP and that proportion is rising. Naturally, both trade and budget balances are negative and getting worse. Yet the bond market still does not recognize the problem; 10-year French Treasury bonds "OATs" still yield less than British or U.S. Treasuries.

There are two possible routes to the next Euro crisis.

One: An economic crisis in one of the staggering euro members, probably France or Italy after the German election (any crisis before then will have money thrown at it by the European Central Bank).

Two: A general tightening of credit, which appears to be beginning in the United States and could easily spread to the world as a whole, as confidence in central bank bailouts disappears.

In that case, problems in the Eurozone that are now simply chronic will become immediate, as finance for the weak sisters will no longer be available. That route to disaster is unlikely in 2013, more likely in late 2014.

One way or another, the Eurozone has not finished with crisis, and the most likely outcome remains a breakup of the euro.

For us, Asia, the better parts of Latin America and even Africa look better than ever, as does gold."
......................

In conclusion- no wonder even some of the Gold Haters accept Gold will rise
later this year by several percentage points, yet they remain in denial
that the FED may have to print for not just the US in 2014, as Euroland
disintegrates.

[jeanesy2] 26/6/2013 20:54

Seems like gold is falling daily now. Where will this all end ? Some producers must now be close to having to give up, as they will not be profitable. Dont know about 160 i would happily take 130 the way things are !

[soldi] 26/6/2013 17:42

Isn't this just a case of summer shorting, as happened last summer! The trouble with consolidating to a higher priced share is exactly what we are seeing now, imo.

[usmcgs] 26/6/2013 15:43

Must also add that we are due 3 resource upgrades and a PFS in the not too distant future :)

[usmcgs] 26/6/2013 15:38

Niceeeeeee ...... buy order has been filled :)

Happy with drill results and geophysics due in the VERY short term ;)

[888icb] 26/6/2013 13:54

Regent Pacific paid £1.60 not long ago to become the largest shareholder so anyone on £1.60 is in good company. Dattels and Mellon are no fools so I wouldnt worry too much about the current share price True value will be realised in due course and it will be much more than£1.60.

[jackherer] 26/6/2013 13:32

82 on the bid. Not looking too clever here.

SG - Did you say your average was £1.60? What are your thoughts here?

I'm on the sidelines, watching and waiting.

Gl all
JH

[b2l] 26/6/2013 07:18

is 50p our aim ????

[jeanesy2] 21/6/2013 17:09

Late slide Does not bode well for next week. News on monday ?

[barts] 21/6/2013 16:22

Well, that's the gap closed......so where too now???

[saturdaygirl] 20/6/2013 20:23

Most global stock markets are struggling. Major tops take time to form, and the rollover can be subtle.
The US market has held up quite well, until April. Now, heavy distribution volume is making an appearance.
Note the MACD indicator. That is showing a continuous breakdown, and setting the stage for deeper declines.
Japan Stock Market Crash Chart

[richgit] 20/6/2013 10:00

If Managements of some of the Giant Gold Miners played the same games
as the FED and the Banksters they could force Gold up $200oz in an instant
against the shorts in Paper Gold.

Alas-they aren't as good at bluff poker as some, and I remember how Ashanti
was on track for a bust of mammoth proportion as the only way they could make money after forward selling 10 years of production at 0 profit-was to also
be in the game of shorting their own commodity.

Then a surprising spike in Gold prices as someone saw what could unfold ?

Soon after that point and realisation of what could happen if Ashanti was allowed to go bust-we then got the Gordon Brown Gold auction and all the Big guns saying "Gold is finished".

Whilst that manipulation was played out,getting the Gold price down again, they managed to control Ashanti`s mammoth losses and the treamours to the financial World of what 10 year forward sales from just 1 Bust miner would create for a while - and then arranged their bailing out !!

Does this all sound familiar ?

That was all those years ago,and Gold was not in such huge Physical demand then,yet we know what happened eventually.

[richgit] 20/6/2013 09:37

Warren Buffet argues He likes to be in a position whereby He wouldn't care if the Markets closed for a couple of years.

Taking a similar view, any commodity priced at close to the productions costs
of many Major producers would have to be in such surplus supply that the Market
would hardly notice a couple of Big players -closing down.

With Physical Gold buying at such levels against already falling production-lets
merely imagine the carnage if any Big miner closed down or a couple sent out
signals they are cutting back !!.

Where would the physical Gold come from then, and how much of it is now owed
on promises to deliver !!?

Doubtfully such a closure would happen in the shorter term, yet the argument that if any Gold Giant gets close to losing money on production- they are going to going magnify their losses on increasing production when they have already run out of efficiencies of doing so, just wouldn't hold water


That suggests they would lower production with an already declining production outlook not just now,but as they have all cut back budgets for new production
that makes the future look even bleaker for production figures.

I daresay Physical demand is going through the roof at these prices,with
little chance of supplying into it.

Explosive times as they munch the current margin holders of paper Gold.

This is so out of kilter with any normalities of supply and demand, it is now
breathtaking and something is going to crack In the months to come, regardless
of emotions towards Gold, just simple mechanics of supply and demand.

The very same now as all those years ago with the utter desperation to enforce paper currency holding and now totally denying the inflation witnessed all around !!

[saturdaygirl] 19/6/2013 20:39

Signal Update

Our system's recommendation today is to BUY. The BULLISH THREE INSIDE UP pattern finally received a confirmation because the prices crossed the confirmation level which was at 95.0000, and our valid average buying price stands now at 95.2000. The previous SELL recommendation was issued on 03/06/2013, 16 days ago, when the stock price was 112.0500. Since then CNR.L has fallen by -15.04%.

Market Outlook

Let's jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.

Pattern Description

This is a confirmed Bullish Harami pattern. The first two candlesticks are exactly the same as the Bullish Harami, and the third day represents bullish confirmation. more...

[serious punter] 19/6/2013 12:50

For some reason Gold has gone vertical from -70c to $3.50

[saturdaygirl] 18/6/2013 21:32

That good as i`m in £1.60 and ready to sell at £6 to £10.

[buddyol2] 18/6/2013 21:26

Interesting comments from B2gold

hxxp://www.timescolonist.com/business/junior-mining-companies-seek-alternative-funding-amid-continued-headwinds-1.324142

[pillion] 18/6/2013 21:23

At this price it's a steal !

[saturdaygirl] 18/6/2013 21:13

Wish we had and that includes Regent and Sentry .

[molatovkid] 18/6/2013 21:12

"Why buy at £1.60 its on offer at 90p"

Eh? With the benefit of hindsight we would all have bought at 90p!!

[saturdaygirl] 18/6/2013 21:05

Asolutley barking !

Why buy at £1.60 its on offer at 90p

Even the experts can`t get the timing right but they did buy ..