This page has been archived and commenting is disabled.
...Gold and Silver miners...
(click image for large legible version)
- advertisements -
Gold Rush, Bitchez!
I'm gonna try digging for gold tonight (at our friendly local cemetery) ;-)
shocking!.........must be some typo
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!
Three weeks in!
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.
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.
Oh no please ZH, not again the gold pump mode.
Gold is up $100 in CAD in the last 30 days. Over 8% in a month.
Bought some Gold Maples @ $1256 CAD 5 weeks ago, today...$1466 CAD
3 days ago predictions...:)
Light background, dark print...its rule #1 in Garage sale signs for a reason.
I saw better looking websites in my Mosaic browser in 1992
Poor Citigroup CEO Michael Corbat: Citigroup can no longer be ‘everything to everyone’ http://Hedge.ly/1mxq1iF
Whoa. That's a pretty big reversal... and a tell.
Pray tell what?
China going after the source now as well?
That started several years ago....
This sector should be renamed: Tradition Bitchez
Shhhh, don't tell anyone, unless you want to see overnight "intervention".
Mean reversion bitchez!
they slammed the miners pretty hard since the open today. almost every one i follow has had their gains cut in half.
Couple more years like this and you might be able to break even.
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
Time to expand that list a bit, my screen was all green today. Lowest gainer was +4.7%
"And the best performing sector in 2014 is..."
Agreed...until the next smackdown comes!
untill this article came out...
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
unless they just go batshit and buy everything with gold/silver in the name
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...
maybe they can just hire some mercs from blackwater?
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
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.
metal just sits there. stocks pay DIVIDEDNS
Sweet. Unfortunately I bought GDX at $27.
GCXJ for me around 41.
You're in the same boat as me, then. I think we'll be okay. Maybe soon.
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
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.
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.
Agreed. It's a buy.
bring it, bitchez. I'm in.
I would not be concerned. Lets chat at 54 for GDX. And maybe all, just maybe,.....Our Turn>
I certainly hope this isn't another head-fake. It's about bloody time the PM sector showed green for a while.
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.
It's going to be a great year for miners!
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?
China Becomes Top Gold Consumer In 2013
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.
You realize we're only 23 days in, right?
Bitcoin should sky rocket as protits pour into gold silver and crypto currencies.
Don't get me wrong here. I am Pro tits but I meant to write profits.
If you have the profits, you can get the tits...
Step 1: Buy Gold
Step 2: Profit!!
Step 3: Protit!!!
Great news. Just need another 70% increase to break even.
What's that? I can't hear you over the sound of ALL THIS MONEY I'M MAKING. Up 15% since December.
GDXJ @ 1234 gold....went all in....said fuck it. Moon shot motherfuckers.
EDIT: all in is 5 shares
Oil Services getting hammered. Dick Cheney & Haliburton must be pissed. BTFD?
Who gives a shit about cheney and Haliburton
I have a nice chunk of $$ in energy services. dadgummit.!
NO! they were overbought and the subject of "popular enthusiasm". Your idea about CAD is much sounder.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
Notice on Racial Discrimination.