• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

And The Best Performing Sector In 2014 Is...

Tyler Durden's picture


...Gold and Silver miners...

(click image for large legible version)

Your rating: None

- 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 | 4359514 Looney
Looney's picture

Gold Rush, Bitchez!

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


Thu, 01/23/2014 - 14:27 | 4359635 kliguy38
kliguy38's picture

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

Thu, 01/23/2014 - 14:28 | 4359639 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 | 4360747 boogerbently
boogerbently's picture

Three weeks in!

?Irrational exhuberance?

Thu, 01/23/2014 - 15:42 | 4359932 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 | 4359976 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 | 4359636 hungarianboy
hungarianboy's picture

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

Thu, 01/23/2014 - 14:45 | 4359698 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 | 4359762 oddjob
oddjob's picture

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

Thu, 01/23/2014 - 15:10 | 4359803 Silveramada
Silveramada's picture

3 days ago predictions...:)


Thu, 01/23/2014 - 15:25 | 4359853 oddjob
oddjob's picture

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

Thu, 01/23/2014 - 17:04 | 4360198 blueRidgeBoy
blueRidgeBoy's picture

I saw better looking websites in my Mosaic browser in 1992

Thu, 01/23/2014 - 14:01 | 4359517 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 | 4359531 seek
seek's picture

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

Thu, 01/23/2014 - 14:44 | 4359688 rum_runner
rum_runner's picture

Pray tell what?

Thu, 01/23/2014 - 14:04 | 4359533 Racer
Racer's picture

China going after the source now as well?

Thu, 01/23/2014 - 14:12 | 4359572 outamyeffinway
outamyeffinway's picture

That started several years ago....

Thu, 01/23/2014 - 14:05 | 4359536 Temporalist
Temporalist's picture

This sector should be renamed: Tradition Bitchez

Thu, 01/23/2014 - 14:05 | 4359537 Confundido
Confundido's picture

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

Thu, 01/23/2014 - 14:08 | 4359553 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Mean reversion bitchez!

Thu, 01/23/2014 - 14:10 | 4359561 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 | 4359632 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 | 4359871 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 | 4360386 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 | 4359582 Bokkenrijder
Bokkenrijder's picture

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

Agreed...until the next smackdown comes!

Thu, 01/23/2014 - 14:23 | 4359615 silverserfer
silverserfer's picture

untill this article came out...

Thu, 01/23/2014 - 14:18 | 4359589 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 | 4359649 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 | 4359703 maskone909
maskone909's picture

true that

maybe they can just hire some mercs from blackwater?

Thu, 01/23/2014 - 14:53 | 4359731 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 | 4360624 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 | 4361676 endorush
endorush's picture

metal just sits there. stocks pay DIVIDEDNS



Thu, 01/23/2014 - 14:20 | 4359602 devo
devo's picture

Sweet. Unfortunately I bought GDX at $27.


Thu, 01/23/2014 - 15:29 | 4359883 Greenskeeper_Carl
Greenskeeper_Carl's picture

GCXJ for me around 41.

Thu, 01/23/2014 - 16:45 | 4360133 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 | 4360430 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 | 4360435 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 | 4360347 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 | 4360625 SAT 800
SAT 800's picture

Agreed. It's a buy.

Thu, 01/23/2014 - 14:22 | 4359609 Frank N. Beans
Frank N. Beans's picture

bring it, bitchez.  I'm in.


Thu, 01/23/2014 - 14:22 | 4359611 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 | 4359648 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 | 4360494 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 | 4359650 eclectic syncretist
eclectic syncretist's picture

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


Thu, 01/23/2014 - 14:33 | 4359654 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 | 4360376 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 | 4359689 LetsGetPhysical
LetsGetPhysical's picture

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

Thu, 01/23/2014 - 14:51 | 4359725 q99x2
q99x2's picture

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

Thu, 01/23/2014 - 14:54 | 4359732 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 | 4359754 Postal
Postal's picture

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

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