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Looks like some investors are expecting Fed rate hike. Short term this is likely to be a hit to EXK. IMO
A rate hike is gonna hurt stock prices and PM prices. Double whammy on EXK.
If they do raise rates then I think they are forced to reverse course sooner than most realize. Could see a slingshot affect in PM's. JMO
That is sure thing.
If they do raise a miniscule 25 basis points...asset values will plummet. IMO
I have a feeling they might try it if the market stays in this range. They might feel like they need to do something different. The reality is that they are trapped. i.e. Japan
I think it would be interesting to be at G20 meeting in September. Lot's of currency talk will be happening.
PM mining stock could take a hit along with overall market if they do raise rates but I think they will bounce back once the Fed reverses course in desperation. JMHO
Lol, they are not going to raise rates. They talk out their A@$S
Here's a thought. Spin off Terronera to its own Company. It is in a league of its own.
Williams at the SF Fed has recently stated that he'd like to see target inflation raised from current 2%. PM'S should benefit from this mentality. Imo
Exk appears to trade in lockstep with the Slv. It may take specific exk news to break out of that pattern. A positive report about Terronera could be cause for outperforming Slv. We should get some updates on Terronera in the next 6 months? Until we get more results...we go with the flow?
It seems absent specific negative issues to Endeavor the stock trend is going to be positive for a long time. The worldwide macroeconomic situation is good for PM'S. More people around the world are making that recognition. IMO
It seems to me that more people and investors are recognizing the potential of out of control world wide inflation and it's impact on various currencies including the dollar. This macro environment could propel PM prices and will likely help PM miners. On a micro level for Endeavor...it seems investors like the scheduled production increases and or opportunities at Terronera. This also could put EXK in play to be acquired. IMO
Central banks around the world are hell bent on fighting deflation in consumer goods and inflating asset values. Ultimately they will be successful in creating huge inflation of consumer goods. Precious metals have historically maintained their relative value versus currencies. The miners of those metals could perform well as bankers continue to fight deflation. Imo
This company is doing nicely considering the bad numbers they reported! How is that? Is it because of the pro metals environment that we are in?
The Fed has said they want inflation. With these payroll numbers, should we expect inflation to perk up? If so, that should be good for PM's?
Strong NF payroll report. Who thinks the Fed will raise rates in September? Apparently the US economy is doing great. Though, I'm not clear why GDP was so weak and why retail/restaurant stocks reported weak earnings. A non politicized Fed would raise rates based on this report. LOL
Not exactly true. The BOE announced that they will be buying corporate bonds. Not really printing money, but a move to Communism. Amazing!
There's nothing they can do except print more money!!! They game is about over. God-willing enough people have woken up. Because throughout history Their evil game usually ends in world WAR!
You are hopefully right. i thought it would go downhil but the stock seem strong. Good for the future to come.
With BOE and JCB in full print mode, it seems the United States CB will likely either lower rates, start more QE or go to Helicopter $ in the months ahead. This bodes well for PM miners. Today's move up might be reflecting the possibility that more people are figuring out that the Bankers are stuck and will likely continue to devalue currencies.
I would have bet big Money the result would have been much much bettar. What a disappointment. Hope the next six months get better. They should.
Substantial miss of analyst Eps for Q2. I wonder if we get any comments to help stock recover on Q call.
They need silver price to continue upward. Today's report does not get me excited to be in this stock relative to other PM miners. Maybe the call can answer some investor concerns.
It looks like spot silver is gonna break that 20.50 barrier. Let's see what the algos do with it. If it holds this stock could be part of a massive move up in the miners. We shall see.
I expect PM miners to do well longer term but I also think we get stress test results after US markets close that are positive for Euro Banks. Deutsche Bank stock is up slightly and the bankers already know the results. The public learns about these results later today. My guess is a leak would have occurred if it were negative and DB would be tanking. PM's would also be flying. So I will continue to look at the long term inflation aspects as reason to own PM's.
It seems wise not to fight the trend. That trend is inflation. Central banks around the world continue to devalue their currencies.
PM miners will likely benefit long term, if it continues. Until I see a sustainable interest rate raise from our Fed, I think PM's are in good shape. I won't fight the trend. If it looks like the central banks can manage a slight raise of inflation then I might reconsider. I hightly doubt their ability to contain massive inflation at some point in the future.
The Greatest Lie Ever Told
Theodore Butler | July 18, 2016 - 11:25am
http://silverseek.com/commentary/greatest-lie-ever-told-15774
It’s important to understand that there is a big difference between a large short (or long) position held by many different traders and a large position held by a few traders. It’s impossible for hundreds or thousands of different traders to intentionally conspire to manipulate prices. Crowds may be irrational at times, but that’s far removed from deliberate price manipulation. Only a few traders conspiring together make manipulation possible and US commodity law recognizes that. That’s why the CFTC monitors and publishes concentration data. Of course, monitoring and publishing are different from preventing manipulation or busting it up when it exists.
The concept of preventing concentration is common in the body of all antitrust and anti-monopoly law and, in fact, is the basis for such law. And while simple in concept, it takes some effort to grasp why the concentrated short position is at the center of the silver manipulation.
In my case, the lightbulb that went off in my head when I first uncovered the COMEX silver manipulation 30 years ago had to do with the size of the total open interest in COMEX silver being so out of whack with all other commodities in terms of world production. It was years later, in the mid-1990’s, that I uncovered that the key feature was not just the size of the open interest, but in how few in number were the traders who were short. That’s the key and because I began to press the CFTC on the specific issue of concentration on the short side of COMEX silver, this is what led to greatest lie in the history of market regulation.
Because the issue of concentration is at the core of market regulation, whenever I wrote to the agency about the matter, particularly if great numbers of readers joined in, the CFTC was, in essence, forced to respond. In fact, not only did the agency respond to my concerns about the short side concentration in COMEX silver on more than one occasion, it also did so in public releases, both in May of 2004 and 2008 in separate 15 page letters. Of course, the CFTC vehemently denied on both occasions that there was any manipulation as a result of a short side concentration in COMEX silver futures.
Far from resolving the matter, the issue of concentration has never been more important than it is today, because the concentrated short position in silver (and gold) has never been larger than it is currently. But let me deal with the greatest lie ever first. In the 2008 public letter, the CFTC lied through its teeth. It took me a year and a half to uncover the lie because there was not sufficient data available to know that at the time. I try to avoid+ incessant linking to past articles, but this one won’t take very long. (Embedded in the article is the link to the CFTC’s 2008 public letter).
http://www.investmentrarities.com/ted_butler_comentary12-21-09.shtml
Let me summarize what the CFTC wrote and why it was a lie. The subject of the letter was the activity of large short traders in COMEX silver and the agency took great pains to dismiss any and all concerns of a short concentration causing any price manipulation or potential clearing failure. But check the timeline and the facts as we all have come to know them to be. The CFTC’s letter was dated May 13, 2008, nearly two months after Bear Stearns, who we now know was the largest concentrated short in COMEX silver and gold, went under, with its massive concentrated short position passed along to JPMorgan at the urging of banking authorities.
Yep, those balance sheets could look substantially stronger in the future. More fund managers might be willing to invest. I'm hoping this is only the beginning of a long ride up.
I think many watching/analyzing/investing in mining companies now may not fully appreciate how much measured reserves these companies were forced to write off due to the dive in pm prices. Once higher prices gain true stability, most of those measured reserves can (will) be added back into current assets on the balance sheet, which should add another nice tailwind to the industry at that point.
Yep, it looks like EXK is gearing up it's production capabilities to meet increased demand. If silver prices begin to move up significantly as many expect, this stock could really fly. The next 6 months should be really interesting. IMO
This man is very intelligent and honest! I strongly recommend that you watch this video and subscribe to his YouTube channel.
At least watch the video.
Is Exk stock anticipating good news on the new technology???or is today's move a catch up to the recent silver spot runup????
Not sure, but a it seems like a real possibility. Looks like Merger Mines bought a company recently that utilizes laser technology.
I'm hoping we get news with some #'s on the preliminary tests soon. It sounds like it will be positive.
This new technology that Brad talks about could probably be from the company called Merger Mines Corp ?
Hey, check out Americas Silver Corp (USAPF). 5 former Barrick guys run it. Tell me what you think.
Thanks a lot for that.
Strange. I had no problems with audio. Basically he said that the deal was a win/win for both company's. The financing situation was costly for Canarc and it made sense for Endeavor because they had more capabilities on the financial side required to move forward with the project. He mentioned that the substantial gain for Canarc could help in potential future acquisitions. He also made it clear that he was not involved in the negotiations and that it was actually very frustrating for him. My read of the tea leaves is that EXK is looking to expand rapidly and at the same time reduce AISC. Of course that is probably the focus of most mining executives based on world economic situation. I look forward to a positive announcement soon on El Cubo. He essentially stated it is forthcoming. Also, he mentioned potential acquisitions. Sounds like plenty of news coming in the near future.
Like I mentioned I can't hear anything on the video. So can you please tell me what Cooke said about Canarc Resources (his other company)? I would appreciate that. Thanks.
I don't understand why I can't hear anything though?!!!
Interesting interview. New tech to reduce El Cubo costs sounds like positive results so far. Acquisitions in the near future?
There's a new interview out with Bradford Cooke on YouTube. But the videos do not have audio! Idk what's wrong. Can anyone provide a link to a working video? Thanks
Yep. We might have to wait for the next QE round from Fed. The dollar should weaken then. I do think the Fed will attempt to delay QE until after election.
Until then EXK might move forward slowly. Imo
The only thing that is having an effect on the SP of metals and mining shares is the notion that the US Dollar is actually keeping pace with the movement of the metals...it won't last long. The dollar is going to dive and the metals are going to surge ahead. It's just a matter of time...it's all good.
Maybe the peso strength is affecting EXK stock price as much as Silver price.
I'm not excited or worried. Just wondering if something is up at EXK that is holding stock down.
flat trading on a silver run over the resistance @ 18.50. right!! Let this 18.50 get some traction and this will be blowing through to $5 in no time. I wouldn't get too excited at the moment... remember...everything is being done to keep pukes like us out of the metals...hold your ground ..IMO.... It will all be good.
BOE is likely to ease this summer and it seems likely US Fed will ease sometime this year. Silver spot moves into 18's and EXK not doing much. I wonder if something else happening specific to EXK. Is dilution anticipated? Just a coupla days ago they announced prospective new veins in Terronera. Could they be getting ready to dilute stock value to fund more production? Any thoughts on why stock not moving much? Maybe something else is going on that I'm missing. TIA
There it is......
Attack on Labour politic in England....
Awesome rally. Anybody see a pullback later or tomorrow, in silver?
It is always good to spread your investments amoung several positions. EXK is also very good, but I would not put all anywhere.
As long as both are outperfomer anything is alright!
I've followed both EXK and MUX and own both for some time. Back when silver was $40/oz...forgot what gold was...EXK would would fluctuate $9-12 or so...and MUX would be HALF that. I don't know what has changed fundamentally...think EXK put down a couple projects only because of the price of silver. When EXK got down to 4 and change, I thought, wow, this is a no-brainer and got in with a 2K shares. Little did I know. My last purchase for EXK was 1.05..talk about no-brainers. In MUX @ 1.20 and EXK 1.50 all in.
I guess the point is...I think MUX has been a tad pumped and trading into EXK from MUX is not a bad idea at this point..think EXK will rebound significantly in comparison to MUX. I have been watching to do the same thing..and yesterday was almost it for me. I do think that MUX will open up the divvy big time when the metals get going...so I am hesitant to pull the trigger on that idea. I also think EXK will follow suit with the DIV down the road for the same reason.
Bottom Line...you're not going to lose anything by being in either MUX or EXK...both are going to fly when the metals are released from the manipulation....and who knows where these are headed when the US stands empty handed of the metals.
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