Endeavour Silver Corp (EXK)

[hitman558]

I took a very small interest in litecoin today. First crypto investment. Just going to invest slowly on any dips under $50 and see what happens. Nothing major. Hope to someday own around 100 coins. That might take a year or never happen.

[hitman558]

Bitcoin may get close to a buy for me soon. Looks like the game players want to tank it so they can get in on the cheap.

[jist1]

Cryptos dollar values are subject to large fluctuations. The value cannot be controlled like commodities. Demand and supply drive the market price. Demand and supply can be affected significantly by news. Gold and silver values are controlled by the exchanges. Naked shorts are consistently in play to truncate true market forces.
Gold and silver prices will only move sigificantly higher when a massive disruption to the status quo is realized to be irreversible and long term in nature. This could be decades away. But I doubt it. Jmho

[hitman558]

EXK gets their costs back in line and they will do very well. I think GPL has the best chance to double and soon.

[hitman558]

I have a friend who is into crypto big time. Knows all the currencies. I don't get it but he has made a very nice profit with them.

[Edge83]

I think that both GPL and EXK will both be big winners long term.

[jist1]

Granted the 52 week return in miners is not good. Keep in mind that potential investors that used to buy gold and silver are now buying crypto. I really believe it's a bigger factor than most will admit. Kudos and congrats to those that bought and sold crypto. Now maybe the old fashion metals will get some love.

[hitman558]

I like the slow move. I wish the miners would move accordingly. Trump hates a strong dollar and has said so many times. North Korea to shoot some missiles this weekend. Could get interesting here.

[jist1]

Yep... nothing goes up everyday. CB's control markets. Supposedly Trump wants to put an end to the pretense of a debt ceiling. The only way to control government debt is either eliminate or put severe restrictions on Federal Reserve. That will not happen. More debt should move Gold and Silver up...but it will likely be a slow move controlled by the bankers. Imo

[hitman558]

Can't go up everyday. Let's wait and see what Canada and EU does with interest rates. Have to get Japan on board and raise rates there.

[jist1]

Short term debt limit increase agreed to by Trump. Absolutely will turn into long term increase. Stan Fischer resigns from Fed. Trump comments that war is not 1st choice with NORKS.(duh) 8 Billion approved for Houston hurricane victims.
All bad for silver and gold prices? Amazing! Silver back below $18.
Any 5% move up might be to recover 5% loss.

[hitman558]

I think we're due for a 5% day in silver. Gold has been too strong vs silver for the past month or so. Like the other poster mentioned, the ratio is too gold strong.

So, as of today, if I held EXK instead of selling and buying GPL, I would be slightly ahead of where I'm at now. However, EXK has been having these big move days while GPL has been steady. In time, I think both will do well. At least, I hope.

[Doubledown75]

GSR should be closer to 30:1, not 70:1

[jist1]

Amazing that silver spot is only $18/oz. It sorta proves the validity of opinions that markets are controlled/manipulated.

[jist1]

Agreed. They are not really markets because the prices are controlled through paper contracts (derivatives) that can be reneged on when they go bust. Markets based on supply/demand do not exist. Imo

[hitman558]

Honestly, these "events" mean nothing to the markets anymore. Until the markets collapse, we could stay in the $1275-$1350 range, which is still good.

[jist1]

I think their is widespread recognition and acceptance that markets are far from free and significantly manipulated. Hence why I doubt we see large up or down moves until we have the proverbial black swan. I wouldn't be surprised to see US stock markets unchanged and little change or even downward prices with gold and silver. Jmo

[hitman558]

A hydrogen bomb has to be worth at least $50 for gold and 85 cents for silver.

[hitman558]

That is good news from the exploration side. They need to get their producing numbers back to norm.

[jist1]

Some good news for EXK....https://finance.yahoo.com/news/endeavour-silver-reports-encouraging-drilling-203320599.html

[hitman558]

Nice! May want to get back in. Gold and silver are about to go on a run higher. Gold to $1400 and silver $21. Even EXK will make money at $21.

[itsabouttime]

Gents

Bought in @2.12 took profits.

[hitman558]

Anytime you're in the green on a buy, no matter how small of a profit, it's still a good buy. Need a little pullback in PMs before the next climb. I think we'll see some buying on Thursday when some end of month re-balancing takes place. PMs are still bullish, miners not so much.

[jist1]

Maybe a very good buy if he sold this morning. Spot price of gold and silver based on COT indicates a retracement. Of course if the world ever comes to terms with the currency ponzi scheme all bets are off wrt technicals. That could happen any day soon or years from now.

[hitman558]

Nice buy! Hope it continues up with silver.

[hitman558]

And I said that in jest. You never know with that nut.

[jist1]

Maybe I'm wrong. Norks just fired a missile over Japan. Crazy!

[jist1]

Maybe some profit taking, but I don't think long profits amount to much. I think the we will see a huge paper dump to keep spot in check. Kim will continue to develop weapon system until we attack. Imo He is not suicidal or as crazy as portrayed. Imo

[hitman558]

I expect some profit taking soon. Unless the goof in North Korea starts firing missiles at land.

[jist1]

Gotta believe we see a bank sell some paper contracts in gold or silver tomorrow. London markets are closed today. They've got to hold down this move. Imo

[itsabouttime]

Buying in at this level. GL

[jist1]

Still around $17 spot. Amazing to me that spot silver can be held down at this level with the political tension and economic distress. US consumer debt at higher level than 2007. Fed claims they are gonna reduce their balance sheet and raise interest rates. Raising interest rates equal recession or asset bubble burst.

[jist1]

August 10, 2014 spot Silver on London fix dipped below 20 and has remained. The world macroeconomic situation and political theatre and potential for WW3 has significantly heightened. Silver supply has dropped relative to demand...yet the price is around $17.
I tend to believe the market is fixed/controlled. I guess another reason for relatively low spot could be that typically potential demand has moved into Crypto currencies.

[jist1]

Might be a good move. I think Gld and Slv will get knocked back down after the Korean issue gets off the front page. The problem with investing in any junior miner is that a management misstep or bad Q call can hammer the stock...ala exk. Meanwhile no dividends if you stay in the stock. For most of us we should probably diversify in something like gdxj.

[hitman558]

Just an fyi. I used the money that I was going to use on EXK and bought GPL yesterday at $1.27. I was a bit surprised it got filled but with this bear miner market, anything can happen.

[hitman558]

They have become the new Primero (PPP). PM's are hot and everything they do is wrong. Not a good practice.

[jist1]

Silver spot is up albeit below $17. Exk stock down again. I don't think there is room for large expense cuts and maybe investors recognize this issue. This company might be on the brink of collapse. I hope not, but thats what the stock is saying.

[hitman558]

I agree. Until they get costs down and product up, no reason to jump in.

[jist1]

Seems like a wise course to take. Apparently management has some significant challenges ahead that makes owning this stock more risky than previously thought. Without a buyout this stock seems likely to continue downward. Jmo

[hitman558]

I've re-evaluated taking a position in EXK. I'll wait for 3rd quarter production numbers and see where they stand. Why risk silver dropping and EXK going down more? If I make an investment, I'll let everyone know.

[hitman558]

Good luck with your other investments. I think this was a bit of an over sell here on news that we already knew. I'm going to jump in next week after some cash settles. Probably just a couple thousand shares. Nothing too big. That way I can cost average down if it continues to drop. I'll take a long term risk here at this price.

Hope you stay in touch here. Always respect your comments and insight.

[jist1]

Too much risk here. Imo
Aisc at 15 and Terronerra production not likely to help for a couple years.
It's a mistake to "invest" in miners such as exk. It's a high risk gamble...not an investment. Im outta
here. Glta
The best chance for stockholders is for Bradford to sell the company. I have a feeling his ego will get in the way to that happening. Imo

[jist1]

Q2 report not good. This stock is taking a big hit today and based on comments is unlikely to move positive in the near future based on comments about Terronerra. Potential production ramp seems delayed until 2019. Best hope for investors is a buyout if silver prices increase. Imo

[hitman558]

EXK reports in pre-market tomorrow. A great conference call could get this rolling. Production was down in the 2nd quarter so we'll see what that leads to on eps and revenue. Strange that this was at a higher PPS at lower silver prices but low volume and no buyers give the high short interest here a chance to run it down. I have cash on the side in case it drops more so I can get back in at a lower price. If it jumps, good for all!

[jist1]

I think Q2 report is tomorrow. I hope nothing unexpectedly bad is reported. We need a good report just to hold $3 range. Imo
Meanwhile the markets continue to climb a wall of worry, while the miners backtrack, even as the dollar continues to sink.
Central Banks continue to push markets up. How many more years before they lose control? Maybe we should expect close to zero interest rates in perpetuity.

[hitman558]

This week:

Trump, Putin, Un, Russia , China, North Korea, Iran, Venezuela, weaker economy, weaker dollar, weak earnings reports, etc. $17 is reasonable. $17.50 not out of the question. A lousy jobs report on Friday, not sure how high silver will run. Gold should climb too. Silver will jump faster. Just my opinion.

[hitman558]

Can we just get another 10% in gold/silver price please?

[hitman558]

Gold has done pretty well for the year holding around $1250. Miners are seeing high shorting right now and low volume days which is not a good for an uptick in price per share. It's just a waiting game right now as earnings start to trickle out next week. Like any long term hold, it's just a matter of patience.

[jist1]

Maybe, but my guess is that we will continue in a bearish manner until a huge event shakes up the world. Just about everyone is aware of the massive worldwide economic problems. I think the US stock market will continue to climb the wall of worry because Central Banks around the world know that they need to keep it propped up. It could be years before we see a significant turn around in the Miners. The old saying of don't fight the Fed is certainly evident.
If the dollar index begins to move below the $93 range, I fully expect Yellen to talk up the possibility of raising rates but only slightly. They will try to talk up how great the economy is and that we will only see a slight interest rate rise. This will push the $ back up and we will see GLD and SLV stagnated. JMHO
Of course the so called black swan could show up at anytime and all bets are off then. I would wanna own some GLD and SLV when that occurs. Owning a mining stock could be tricky, depending on the severity of the event. JMHO

[Edge83]

Gold and silver futures were at an all year low last week. Speculators may pile into the trade and drive us above $1300, especially if the dollar keeps falling. That would trigger a lot of the swing traders moving in and then the rest of the investing world would have to take notice of the mining stocks's growth potential in this market of terrible yields and decaying fiat money.