a lesson in control ...., page-7

Parrot says...

"Maybe its time for investors in gold mining companies to demand companies seek alternative ways of selling their gold so they are NOT reliant on a price set by sales of paper."

This is laughable.

NCM is a struggling gold miner whose survival depends on regular cash flow from bullion sales into the wholesale market. Parrot is proposing that NCM give up that cash flow (which would send them broke in a very short period of time) and invest capital they don't have setting up alternative sales channels. Does the NCM board have any competency in marketing and sales?

The reality is that NCM would not exist without the "paper gold" (futures) market. Without futures to hedge, the bullion banks would not make prices to NCM and NCM couldn't sell its product when and where it needs to.

Anyone who gave a thumbs up to this tosh, doesn't understand the gold market.