CAGI - Getting The SHORT End Of The Stick

CAGI experienced record volume today and the price of the stock went.... down?  It makes you wonder why, as there has been no obvious selling of the issue until today.

The answer to who was selling came from a Guru Member who discovered that over 58% of the trades today were short sales, and knowing how these unscrupulous market makers work, these shares are most likely phantom shares.  It has to be nice to be able to make something out of thin air and sell it.  The problem with selling something you don't own, is what do you do when you have to buy it back for a substantially higher price?

Market makers who shorted VCTY should be able to answer that question.  Those market makers were shorting VCTY to no end at $.0013 to $.003.  Guess where they had to cover their ill-advised short positions?  I'll give a hint... VCTY hit $.0265 a share.

CAGI has a very tight share structure.  The stock has recently been reactivated as the gold bugs have come out of the woodwork.  CAGI is looking to capitalize on this.  Their recent press is pasted below for your reading pleasure.

When CAGI was actively traded it exchanged hands at over $.03 a share.  With some new found interest and some market maker covering this stock could be heading higher from today's $.0012 close.  Keep it on your radar.

CA Goldfields corporate update
TORONTO, Dec 15, 2009 /PRNewswire-FirstCall via COMTEX/ -- CA Goldfields Inc. (OTC:CAGI.PK) is pleased to announce that it is revisiting its opportunity in the La Curva property in Nicaragua due to the recent high gold prices and maintained low extraction costs of mining in the area. This property known as "La Curva" borders the "Hemco Nicaraguan Concession", which has been a profitable gold producer for years. La Curva has never been exploited commercially but artisanan diggings performed by local miners indicate superficial gold deposits in various areas of the property. Existing assay results for the District of Bonanza indicate that 60% of all its land area contains economically exploitable gold reserves.
The property has a terrestrial expansion of approximately 2,000 acres and is located in Bonanza, a mining district that forms part of the world famous Golden Triangle of Nicaragua. The District of Bonanza has been a major contributor to the gold production in Nicaragua.
Gold prices will hit $1,500 an ounce in 2011 when oil prices move back above $100 a barrel as emerging market growth creates shortages, Bank of America Merrill Lynch said recently.
Jim Rogers, a famed investor known for his bullish calls on commodities, said recently that gold prices could top $2,000 an ounce within a decade. Investors will buy gold as a protection against a weaker U.S. dollar, he said
CA Goldfields currently has 237,000,000 shares outstanding . The transfer agent is Transfer Online of Portland, Oregon.
This press release contains "forward looking" statements within the meaning of Section 21A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended, and are subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in New Wave Media Inc. reports that will be on file with the US Securities and Exchange Commission.
www.cagoldfields.com
SOURCE CA Goldfields Inc