This page has been archived and commenting is disabled.

And The Best Performing Sector In 2014 Is...

Tyler Durden's picture





 

...Gold and Silver miners...

(click image for large legible version)

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 01/23/2014 - 14:08 | Link to Comment Looney
Looney's picture

Gold Rush, Bitchez!

I'm gonna try digging for gold tonight (at our friendly local cemetery) ;-)

Looney

Thu, 01/23/2014 - 14:27 | Link to Comment kliguy38
kliguy38's picture

shocking!.........must be some typo

Thu, 01/23/2014 - 14:28 | Link to Comment idea_hamster
idea_hamster's picture

Rats!  My money was on (1) blowing Jamie Dimon, followed by (2) squeezing the serfs.

Oh, wait -- gold supply helps temper the price rise while employing the poorest in a dangerous job that pays a fraction of its profits.  Thank goodness -- for a moment, I had lost faith in the 1%'s ability to shaft everyone else!

Thu, 01/23/2014 - 19:53 | Link to Comment boogerbently
boogerbently's picture

Three weeks in!

?Irrational exhuberance?

Thu, 01/23/2014 - 15:42 | Link to Comment thunderkiss
thunderkiss's picture

1) Never thought I'd see that headline.

2) But it makes perfect sense because I sold my mining ETF's on Dec. 30 to offset capital gains....and haven't bought back yet!

Everyone can just thank me.  I made this happen.

Thu, 01/23/2014 - 15:56 | Link to Comment Spungo
Spungo's picture

I think it's against the law to buy the same ETF within 30 or 60 days or something and still claim the tax write off. What you can do is buy individual companies. Look for companies trading below book value, have a high current ratio, have little debt, have positve ROA for the past 5 years (average), and rank the companies by dividing the ROA by the cash to book. I'm a fan of IAMGOLD and Eldorado Gold because they meet all of these criteria and have excellent ROA to price to book ratios. 

Thu, 01/23/2014 - 14:28 | Link to Comment hungarianboy
hungarianboy's picture

Oh no please ZH, not again the gold pump mode.

Thu, 01/23/2014 - 14:45 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Gold is up $100 in CAD in the last 30 days.  Over 8% in a month.

Thu, 01/23/2014 - 15:02 | Link to Comment oddjob
oddjob's picture

Bought some Gold Maples @ $1256 CAD 5 weeks ago, today...$1466 CAD

Thu, 01/23/2014 - 15:10 | Link to Comment Silveramada
Silveramada's picture

3 days ago predictions...:)

http://zysites.com/silververitas/

Thu, 01/23/2014 - 15:25 | Link to Comment oddjob
oddjob's picture

Light background, dark print...its rule #1 in Garage sale signs for a reason.

Thu, 01/23/2014 - 17:04 | Link to Comment blueRidgeBoy
blueRidgeBoy's picture

I saw better looking websites in my Mosaic browser in 1992

Thu, 01/23/2014 - 14:01 | Link to Comment HedgeAccordingly
HedgeAccordingly's picture

Poor Citigroup CEO Michael Corbat: Citigroup can no longer be ‘everything to everyone’ http://Hedge.ly/1mxq1iF

Thu, 01/23/2014 - 14:04 | Link to Comment seek
seek's picture

Whoa. That's a pretty big reversal... and a tell.

Thu, 01/23/2014 - 14:44 | Link to Comment rum_runner
rum_runner's picture

Pray tell what?

Thu, 01/23/2014 - 14:04 | Link to Comment Racer
Racer's picture

China going after the source now as well?

Thu, 01/23/2014 - 14:12 | Link to Comment outamyeffinway
outamyeffinway's picture

That started several years ago....

Thu, 01/23/2014 - 14:05 | Link to Comment Temporalist
Temporalist's picture

This sector should be renamed: Tradition Bitchez

Thu, 01/23/2014 - 14:05 | Link to Comment Confundido
Confundido's picture

Shhhh, don't tell anyone, unless you want to see overnight "intervention".

Thu, 01/23/2014 - 14:08 | Link to Comment NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Mean reversion bitchez!

Thu, 01/23/2014 - 14:10 | Link to Comment fonzannoon
fonzannoon's picture

they slammed the miners pretty hard since the open today. almost every one i follow has had their gains cut in half.

Thu, 01/23/2014 - 14:26 | Link to Comment Dr. Engali
Dr. Engali's picture

Couple more years like this and you might be able to break even.

Thu, 01/23/2014 - 15:28 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

ya pretty much. To this day i regret not selling GDXJ when it briefly touched the low 50's. I kinda new gold was in for another longer smackdown, but I didnt. I still need another 12% or so before I am breaking even, so ill hold off on the champagne. Another monkey hammer on gold back to 1220 or so, and there go all those gains this year. Personally, I don't care if the price stays down here a while, i have pretty much already written my miner stocks off as losses, and Im more interested in accumulating more physical at this point, especially at least until I get my tax return. Its pretty much all going to my LCS or apmex/silvertowne

Thu, 01/23/2014 - 18:05 | Link to Comment Wildcat711
Wildcat711's picture

Time to expand that list a bit, my screen was all green today.  Lowest gainer was +4.7%

Thu, 01/23/2014 - 14:14 | Link to Comment Bokkenrijder
Bokkenrijder's picture

"And the best performing sector in 2014 is..."

Agreed...until the next smackdown comes!

Thu, 01/23/2014 - 14:23 | Link to Comment silverserfer
silverserfer's picture

untill this article came out...

Thu, 01/23/2014 - 14:18 | Link to Comment maskone909
maskone909's picture

what to look for when buying a gold/silver miner

lowest amount of shares outstanding

lowest amount of $ to pull it out of the ground

lowest debt

unless they just go batshit and buy everything with gold/silver in the name

Thu, 01/23/2014 - 14:31 | Link to Comment taketheredpill
taketheredpill's picture

 

 

Location?  If you're buying an Insurance Policy do you want the company to be located on the other side of the earth?

 

Just feel like if Gold ever does do a moon-shot, then local governments in Mongolia, Latam or whereever will decide that Royalty fees need to be higher.  A LOT higher.  Assuming the local politician doesn't just send a bunch of his boys over with Ak47s...

Thu, 01/23/2014 - 14:47 | Link to Comment maskone909
maskone909's picture

true that

maybe they can just hire some mercs from blackwater?

Thu, 01/23/2014 - 14:53 | Link to Comment Herd Redirectio...
Herd Redirection Committee's picture

Mining jurisdictions.  Like Mexico, Canada, Nevada.....  Not so much Guinea, Eritrea, Congo, etc.

For large caps, I like SLW.  For small caps, my gamble of choice is Arian Silver, they've not refined any silver these last few months (with the price at lows) because they bought their own refinery.  Should help increase recovery rates once everything is online.  DYODD

Thu, 01/23/2014 - 19:16 | Link to Comment SAT 800
SAT 800's picture

What to look for when buying a gold or silver miner. the note you posted on the wall behind your computer desk that says; It's a stock, stupid, don't buy it !.  What to look for when buying a gold or silver miner; silver metal; in the form of bullion. Stocks are stocks and metal is metal.

Fri, 01/24/2014 - 00:47 | Link to Comment endorush
endorush's picture

metal just sits there. stocks pay DIVIDEDNS

 

DIVIDENDS=GREENBACKS BITCHES!!!

Thu, 01/23/2014 - 14:20 | Link to Comment devo
devo's picture

Sweet. Unfortunately I bought GDX at $27.

 

Thu, 01/23/2014 - 15:29 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

GCXJ for me around 41.

Thu, 01/23/2014 - 16:45 | Link to Comment devo
devo's picture

You're in the same boat as me, then. I think we'll be okay. Maybe soon.

Thu, 01/23/2014 - 18:16 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

also SLW at around 29. but i agree. we will be ok. SLW will probably be a slow crawl, but they will make it back. i think we would be at least to the break even point on our GDX/J at around 1350-1375, especially if its over a 5 or 6 week period, so it looks sustainable

Thu, 01/23/2014 - 18:19 | Link to Comment devo
devo's picture

Are you looking to get out at break even?

I'm still unsure on that. I thought the miners were cheap at $27, but the drop to $20 made me question that. I guess it depends if sentiment has actually changed. Yellen is probably going to start doing wild shit, too.

Thu, 01/23/2014 - 17:54 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Let's just say that... "It's a long way to Tipperary" for me.  Over-allocated anyway.

Looking at BTFD stuff.  Not the Argie Peso.  The CAD $, on the other hand... the only G8 anomaly that looks like a BTFD case.

Thu, 01/23/2014 - 19:17 | Link to Comment SAT 800
SAT 800's picture

Agreed. It's a buy.

Thu, 01/23/2014 - 14:22 | Link to Comment Frank N. Beans
Frank N. Beans's picture

bring it, bitchez.  I'm in.

 

Thu, 01/23/2014 - 14:22 | Link to Comment monopoly
monopoly's picture

I would not be concerned. Lets chat at 54 for GDX. And maybe all, just maybe,.....Our Turn>

Thu, 01/23/2014 - 14:30 | Link to Comment thatthingcanfly
thatthingcanfly's picture

I certainly hope this isn't another head-fake. It's about bloody time the PM sector showed green for a while.

Thu, 01/23/2014 - 18:36 | Link to Comment optimator
optimator's picture

Its not about making money, its about keeping value long term for you and your family through generations.  Paper isn't the answer.  If you found dollars bills from 1919 in granddad's old lock box you'd see they lost 99 percent of their value.

Thu, 01/23/2014 - 14:30 | Link to Comment eclectic syncretist
eclectic syncretist's picture

It's going to be a great year for miners!

http://www.youtube.com/watch?v=bohVV_KlSHw

Thu, 01/23/2014 - 14:33 | Link to Comment Sufiy
Sufiy's picture


China Becomes Top Gold Consumer In 2013 


While the rest of the world is chasing Bubbles, China accumulates Gold and encourage its citizens to do the same. With more evidence that German Gold is long gone from the FED and there is less and less physical Gold left in the Gold Fractional Reserve System we are entering the blow off phase in the Gold market.   Now the most important question will be - where the Gold will come from in the future? http://sufiy.blogspot.co.uk/2014/01/china-becomes-top-gold-consumer-in-2...

Thu, 01/23/2014 - 18:03 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Argentina and Venezuela, on the other hand, become Top Gold Sellers.

Chavez forgot the 3 corners of the unholy pyramid:  Oil, Gold and Nukes. Gotta have all 3, before your CBs can tell the other CBs (US, UK, Israel, China, France) to go stuff it and to pick on someone else.

It doesn't matter if you have the nicest house in a poor area.  If you can't defend it, it won't be yours for long.  Shoulda had a Latin Nuke Pact.  The Fed plays for keeps.

Thu, 01/23/2014 - 14:44 | Link to Comment LetsGetPhysical
LetsGetPhysical's picture

You realize we're only 23 days in, right? 

Thu, 01/23/2014 - 14:51 | Link to Comment q99x2
q99x2's picture

Bitcoin should sky rocket as protits pour into gold silver and crypto currencies.

Thu, 01/23/2014 - 14:54 | Link to Comment q99x2
q99x2's picture

Don't get me wrong here. I am Pro tits but I meant to write profits.

Thu, 01/23/2014 - 14:59 | Link to Comment Postal
Postal's picture

If you have the profits, you can get the tits...

Thu, 01/23/2014 - 15:26 | Link to Comment B.J. Worthy
B.J. Worthy's picture

Step 1: Buy Gold

Step 2: Profit!!

Step 3: Protit!!!

Thu, 01/23/2014 - 15:24 | Link to Comment Phillycheesesteak
Phillycheesesteak's picture

Great news. Just need another 70% increase to break even.

Thu, 01/23/2014 - 15:27 | Link to Comment Spungo
Spungo's picture

What's that? I can't hear you over the sound of ALL THIS MONEY I'M MAKING. Up 15% since December.

Thu, 01/23/2014 - 16:13 | Link to Comment IridiumRebel
IridiumRebel's picture

GDXJ @ 1234 gold....went all in....said fuck it. Moon shot motherfuckers.

 

EDIT: all in is 5 shares

/s

Thu, 01/23/2014 - 17:50 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Oil Services getting hammered.  Dick Cheney & Haliburton must be pissed.  BTFD?

Thu, 01/23/2014 - 18:12 | Link to Comment InflammatoryResponse
InflammatoryResponse's picture

Who gives a shit about cheney and Haliburton

 

I have a nice chunk of $$ in energy services.  dadgummit.!

 

 

Thu, 01/23/2014 - 19:20 | Link to Comment SAT 800
SAT 800's picture

NO! they were overbought and the subject of "popular enthusiasm". Your idea about CAD is much sounder.

Do NOT follow this link or you will be banned from the site!