Held down by the "Dark Market"
It's a great read as it offers excellent references by senior Goldcorp officials backing up the $2 billion mine development, & land acquisition underway. Further, all material released by the Company is being translated into Chinese in close to real time, including these weekly contributions of mine (sub-headed 'Forum'). The entire information flow channels are being readied for the Big News when it comes. According to recent tabulations, readership is growing exponentially, reaching to new audiences. I've had a number of discussions with senior traders recently, expressing my concerns about the trading patterns we've experienced over the past few months. Without overlooking that we have had little official news, other than funding for upcoming drilling programs, they agree our market is being intentionally depressed through the clever use of a variety of sub boards available to the brokerage community on the TSX. The examples of this are a frequent and daily occurrence.
Take a look at:
Obviously, new buyers of stock are posting their bids, and being filled in these 'Dark Markets', never seeing the light of day, as the banks do not report these trading numbers. Although my senior trader friends can't offer a root cause, it's obvious to all that price & volume manipulation is taking place. Obviously, this has led to investor frustration, and subsequent selling, much to the profit of the clandestine forces behind the scenes.
Further, in all my many years of trading mining stocks, have I ever seen 13 or 14 bidders at .065 sit & wait for a 'fill'. With plenty of stock available at .07, in a normal market, at least 3 or 4 buyers would step up & buy at .07, wouldn't they? And, when a real buyer does do that, he's filled in the Dark Markets. There aren't many candidates to name behind the scenes, but a number of GOLD Producers & Billionaires operating in & around EXS/EXSFF/E1H1 spring to mind. With the impressive portfolio of Abitibi Greenstone Belt GOLD prospects, & the largely unexplored TPW resource, all the suggested candidates would be salivating at the potential the Company represents, more even than you & I.
Echoing recent commentary: Seeking Alpha, 'Gold: Crystal Clear' Boris Mikanikrezai, "Indeed, a monthly close above $1,276 would herald the beginning of a new bull market." Reuters "It will be news headlines and opinion polls that would drive gold's short-term direction." Seeking Alpha, 'Does Gold's Breakout Mean More Gains Ahead?' Brandon Dempster, "Gold may continue to rally this week if geopolitical risks remain high."
I'm quite certain that the BULL GOLD market is about to make its move, which, in turn should move EXS/EXSFF/E1H1 forward. Hopefully, by letting the Dorks know that we understand their game, and that they will eventually be discovered, they will leave the equity alone to trade naturally?
NOTE: This forum commentary was published from a third party source. It has not been verified by the company.
About Explor Resources Inc.
Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Quebec since 2006.
Explor Resources Inc.