Gold back up over $2400
Silver back up over $28
Miners waffling like Romney on healthcare
Silver back up over $28
Miners waffling like Romney on healthcare
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I still kind of think there is an Israel/Iran "bump" in gold and silver that is strong enough to hold up the metals but not strong enough to hold up the miners. Whatever it is, the argument that as an industry miners should be doing rather well at today's prices ought to be supporting the stocks on fundamentals. OTOH, the market doesn't pay attention to fundamentals anymore, so nevermind.Miners waffling like Romney on healthcare
I’m waiting to see how 10Ks draw in more investors for senior producers if the $2100 gold price procures higher cash flow and dividends eventually. If the aisc of the seniors is around $1600-$1800 then a gold price of $2400 is basically extremely positive cash flow for Q2 earnings.I still kind of think there is an Israel/Iran "bump" in gold and silver that is strong enough to hold up the metals but not strong enough to hold up the miners. Whatever it is, the argument that as an industry miners should be doing rather well at today's prices ought to be supporting the stocks on fundamentals. OTOH, the market doesn't pay attention to fundamentals anymore, so nevermind.
I still kind of think there is an Israel/Iran "bump" in gold and silver that is strong enough to hold up the metals but not strong enough to hold up the miners. Whatever it is, the argument that as an industry miners should be doing rather well at today's prices ought to be supporting the stocks on fundamentals. OTOH, the market doesn't pay attention to fundamentals anymore, so nevermind.
I’m waiting to see how 10Ks draw in more investors for senior producers if the $2100 gold price procures higher cash flow and dividends eventually. If the aisc of the seniors is around $1600-$1800 then a gold price of $2400 is basically extremely positive cash flow for Q2 earnings.
I put about 15% in GDX and GDXJ on Monday. Bought a little more AG as well. Mostly still waiting.Didn’t add anymore physical but did jump into another position in GDXU at $35.
Sold my position in GDXU at $37 and bought back in at $35 flat. Added shares now at 1160.I put about 15% in GDX and GDXJ on Monday. Bought a little more AG as well. Mostly still waiting.
Not lookin good for Barrick as the Loulo-Gounkoto mine in Mali may be taken over my the junta. This just shows the jurisdictional risks associated with miners.
It’s only 13% of their revenue, but major producers have too many risks for the potential of 2-3 baggers at most.
Not only do they lose 13% of revenue, but likely all the investment in personnel, equipment and the costs of starting up a mine. Gold is rarely on the surface, and these guys often have to excavate for years to get to the PM's.
This is going to leave a mark. And it makes me wonder if other companies or mining sites are in the crosshairs?
Not only do they lose 13% of revenue, but likely all the investment in personnel, equipment and the costs of starting up a mine. Gold is rarely on the surface, and these guys often have to excavate for years to get to the PM's.
This is going to leave a mark. And it makes me wonder if other companies or mining sites are in the crosshairs?
Didn’t add anymore physical but did jump into another position in GDXU at $35.
Yeah, I’d like to see his stats on predicting price action. Since GDX broke through $32 and gold through $2400 the sky’s the limit afaic. Only some marked change in macro will change this move such as peace and tranquility with stable economic growth but we all know that’s near impossible with the debt/credit/multipolar crisis that can’t be constrained much longer. The US election cycle seem to be the only macro lynch pin.GDX chart - I wouldn't pay too much attention to his predictions, but it does show how miners haven't broken out of their trading range yet. When they do, they won't look back.
For GDX to go back to $30.5 like his chart predicts, gold would probably have to sell off under $2300. If gold stays up here, it'll keep miners from selling off much.
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Yeah, I’d like to see his stats on predicting price action. Since GDX broke through $32 and gold through $2400 the sky’s the limit afaic. Only some marked change in macro will change this move such as peace and tranquility with stable economic growth but we all know that’s near impossible with the debt/credit/multipolar crisis that can’t be constrained much longer. The US election cycle seem to be the only macro lynch pin.
Gold futures bought on the dip again back to $2400. It’s fairly impressive to me and those Q1 ‘24 earnings could be stunning to institutional investors looking for deep value.Barrick was up yesterday and up in pre-market today. I don't know what they are doing about this mine but investors don't appear to be scared off...at least not yet.
I'm not making any investment recommendations to anyone. I just hate leaving money in a bank savings account that will get inflated away or potentially 'bailed in.' I'd rather take some risk with that money and be potentially rewarded with appreciation. I can get money out of my individual stock accounts in a day which is fast enough.
Gold futures bought on the dip again back to $2400. It’s fairly impressive to me and those Q1 ‘24 earnings could be stunning to institutional investors looking for deep value.
We’ll see what Agnico, SSR, Wesdome, and Newmont offer up late April but Q2 earnings around July should be stellar as you say.I think there’s a delay before higher gold prices affect the selling prices of metals so might be more like Q2.
I think there’s a delay before higher gold prices affect the selling prices of metals so might be more like Q2.
She just says think about storage and how you're going to sell it. If you're just planning on storing it for a while and selling it later, you might decide on a more convenient way of investing in gold. Most guys around here aren't planning to sell their physical gold, so ...Hear what expert thinks about people buying gold bars at Costco
Financial expert Suze Orman joins CNN’s Erin Burnett to react to an increase in purchases of gold bars from Costco, and what this spells out for inflation worries more broadly.www.yahoo.com
Suzy doesn't think you should be buying Gold
Cool! I wouldn't trust Suzie to feed my cat.........Hear what expert thinks about people buying gold bars at Costco
Financial expert Suze Orman joins CNN’s Erin Burnett to react to an increase in purchases of gold bars from Costco, and what this spells out for inflation worries more broadly.www.yahoo.com
Suzy doesn't think you should be buying Gold
Depends on their hedging strategy. Many mining companies sell gold futures to raise cash for mining operations. Much like farmers sell contracts on what they grow. But that limits their upside if/when gold gains value.
She just says think about storage and how you're going to sell it. If you're just planning on storing it for a while and selling it later, you might decide on a more convenient way of investing in gold. Most guys around here aren't planning to sell their physical gold, so ...
We’ll see what Agnico, SSR, Wesdome, and Newmont offer up late April but Q2 earnings around July should be stellar as you say.