SFMI's Elephant is sitting right on top of the ground...and few can see it...
posted on
Nov 15, 2010 11:50AM
(Edit this Message from the "Fast Facts" Section)
The root of the problem.
Quantitative Easing Explained... (and why gold and gold stocks trade this way).
http://www.youtube.com/watch?v=PTUY16CkS-k (or via JSmineset.com).
This is at the heart of the reason gold/silver are the only real currencies...and reason why they have been manipulated for years...and the reason why they will continue to go up...and the reason why gold/silver in and on the surface of the ground are real money-in-the-bank, with real earning power and huge rewards.
Last time I looked, SFMI has up to 1 billion tons of surface ore with estimated 1 oz. to 4 oz/t gold equivalent....plus a mine with 5 to 10 million ounces high grade gold/silver. To quibble over the mice nuts stuff is truly stupefying. That people believe it is more stupefying.
Go back to the above video to understand why SFMI s trading at 15 cents today when it sits on 1 billon oz. gold ($1400 billion...or even at 6 gm/ton about $100 billion...then take half of that for fun... and then take half of that for fun...and then take half of that...and you still have 6 $billion...or about $24/share!!!!! ) ...and then think about all the friends of JP Morgan and Goldman....and in spite of the now global negativity and seething anger towards them ...and JPM's public exposure re their massive, illegal silver shorts...and multiple pending law suits for market manipulation and fraud...well, you get the picture. And yet the blatant corruption continues.
The Fed controls everything via the banks...and Wall St. But...they now face an emboldened world that knows their game...and the Fed. is trapped.
So SFMI's (the PMS and JPMs) real value is totally disconnected from its share price today...because the criminals are still in charge of the stocks. It's a mockery...and they are hanging on by their finger nails....arrogant to the end.
Their really big problem is that, even though they have thrown/sold everything they had and 100 times more at gold for the last 20 years...gold has gone up from $250 to $1400. Imagine what is now happening with the sheer global physical demand for gold and silver near drowning out the paper onslaught. So who is winning this epic, global battle? All they have left is the NY Cartel against the world ... selling paper futures that they cannot back up with real bullion...and everyone knows it. So, they will lose/are now losing bigtime.The ongoing effort to try to hide it is embarrassing.
The ongoing campaign to continue to suppress/manipulate the little JPM markets and further screw the little guy is testament to the fact that the desperation has reached new lows. That is why SFMI and the JPMs are still being held down like the proverbial beach ball under 100 ft. of water. It must be getting very exhausting.
Look for fun ahead.