DOW 18,000 ?
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"Well if we permit stock markets to do what they want, they'll simply go NUTS with all their stock-charting Tom Foolery !....and we can not have that......That MUST BE averted. The result would be an absolutely chaotic volatility. We must somehow make the markets behave as they once did.....Janet ?....Welcome to your new position".
Selon que pratique.....
La classe politique s'est soumise aux marchés financiers !....
La marche me fait du bien.
"Mr. President, should we permit the stock markets to fall ?" The President pensively looked about. His mind began to wonder. He remembered that warm summer afternoon down at the swimming hole where he'd first met Michelle. He remembered the sound of what seemed like a person chopping some wood in the distance. Perhaps it was coming from old Sam Farquarts' shanty, him making up wood for the winter. Regardless, what mattered the most at the moment was Michelle, her rose-scented hair blowing softly in the breeze...."Mr. President !", suddenly his thoughts were interrupted. "Should we permit the stock markets to fall ?". "Huh ? Oh, yeah, no, er, I mean, yes, what ? Why, by all means, uh, have their secretary call me and we'll set up a time....Uh, have you seen Boomer yet today ? Has anyone fed or brushed him yet ? He needs to get his nails clipped this week you know". Recognizing the pointlessness of pursuing matters further, Baker merely shrugged and said "Why, yes Sir" then departed. Immediately upon leaving he withdrew his phone and dialed up the NYSE rep "Maintain the status-quo" he instructed them. "The President hasn't decided yet.....Wants everything to remain just as it is. Thanks John". Then he hung up the phone and sighed. Just another typical day at the office he thought, marvelling at how routine his routine had turned stale. "Maybe I should resign and just start up that fishing charter business. Lord knows I've made enough now in the markets y'know , Get out while the going's still good".......To be continued.
200 day SMA's left and right :
Everything just CHOMPING at the bit.
The Nikkie, the Hang Seng, Gold Bullion, the Shanghai
Everything's just DYING to increase in value.
Almost don't know what to make of it.
These things I'm SURE OF because I've seen them before :
Namely that :
A) Markets just LOVE TO increase in value and
B) They'll do almost ANYTHING to make sure that they do
C) And so when faced with Resistances ?....They'll BUST themselves through !
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Fundamentals don't matter one freaking iota :
.
The name of the game, IS TO INCREASE IN VALUE !
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THAT is what Big Money WANTS so it DOES IT (it causes it to happen).....
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It isn't the Federal Reserve one is fighting :
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One's fighting against that which Big Money desires....
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Big Money just wants TO INCREASE IN VALUE !
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It wants a portfolio that is ALWAYS INCREASING
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To stand in its' way can be absolute folly :
It's like trying to stop a freight train with a 4" inch fly swatter
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SO MANY 200 day SMA's......Just ITCHIN' to get busted through....
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It's amazing !
Liked your music vids (Jewels' especially) but am wondering why mine no longer function.....
Have they changed the formatting for them or something ?
Previously have using the formatting outlined on the Music / Drummers thread
Apologies for having to ask via this thread
But thanks if you could help
PS: JO's making for one pretty crazy chart (see below)
Just ONE of the signs saying that gold(s) MAY BE overbought :
But IF the Canadian dollar bounces here, then maybe gold ISN'T overbought...
*Do YOU think the Canadian dollar will bounce here ?....And head on back up to Par ?
For if you do then buy golds : and load up on PM's.....jmho of course
The/a headline in Canada's national business newspaper (The Financial Post) today reads :
"The Canadian dollar hasn’t had this bad a start to a year in more than 4 decades".
Never would they simply display the top chart !....
So Kinross reported yesterday ?.....(I see that it's on that list)
Wow.....Kitco's got gold well above 1300 now !
How were Barricks' earnings ?
Gold miner Kinross (see chart below) (KGC) logged a net loss of $740 million (or 65 cents per share) on a reported basis in the fourth quarter of 2013, lower than a net loss of $2,984.9 million (or $2.62 a share) recorded in the year-ago quarter.
The loss in the reported quarter resulted from $544.8 million of after-tax non-cash impairment charge related to the property, plant and equipment at the Maricunga mine. The year-ago quarter’s results were dragged down by impairment charges of $3.2 billion.
Adjusted (excluding one-time items) loss was 2 cents per share in the fourth quarter compared with adjusted earnings of 25 cents earned in the year-ago quarter. The results missed the Zacks Consensus Estimate of earnings of 3 cents. The bottom line was hit by lower gold prices, higher production cost of sales and depreciation.
Revenues decreased roughly 26% year over year to $877.1 million in the quarter due to lower average realized gold price. However, it came ahead of the Zacks Consensus Estimate of $859 million.
For full-year 2013, adjusted earnings were 28 cents per share, down 64% from 78 cents per share recorded in 2012. The results missed the Zacks Consensus Estimate of 33 cents. Reported net loss totaled $3,012.6 million or $2.64 per share versus a loss of $2,546.2 million or $2.24 per share in 2012.
For full-year 2013, revenues decreased 12% to $3,779.5 million from $4,307.3 million in 2012, but were ahead of the Zacks Consensus Estimate of $3,719 million.
Operational Performance
Gold production was 646,234 equivalent ounces from continuing operations for the quarter, down around 11% year over year, driven by suspension of mining at La Coipa and scheduled maintenance at several other sites. Average realized gold price was $1,268 per ounce, down 26% from the year-ago quarter.
Production cost per gold equivalent ounce increased to $765 in the quarter from $686 in the prior-year quarter mainly as a result of lower production and increased maintenance costs. Margin per gold equivalent ounce sold was $503 in the fourth quarter, down 51 % from the year-ago quarter.
Financial Review
Adjusted operating cash flow was $222.8 million, down 56% from $505.3 million in the prior-year quarter. Cash and cash equivalents were $734.5 million as of Dec 31, 2013, down roughly 63% year over year, primarily due to debt repayment and capital spendings. Total long-term debt declined roughly 3% year over year to $2,059.6 million.
I've certainly long loved the Kinross $5.oo level....
This chart from a November 29th post ;
OUCH....LOL
Gold miner Kinross Gold Corporation (KGC) logged a net loss of $740 million (or 65 cents per share) on a reported basis in the fourth quarter of 2013, lower than a net loss of $2,984.9 million (or $2.62 a share) recorded in the year-ago quarter.
The loss in the reported quarter resulted from $544.8 million of after-tax non-cash impairment charge related to the property, plant and equipment at the Maricunga mine. The year-ago quarter’s results were dragged down by impairment charges of $3.2 billion.
Adjusted (excluding one-time items) loss was 2 cents per share in the fourth quarter compared with adjusted earnings of 25 cents earned in the year-ago quarter. The results missed the Zacks Consensus Estimate of earnings of 3 cents. The bottom line was hit by lower gold prices, higher production cost of sales and depreciation.
Revenues decreased roughly 26% year over year to $877.1 million in the quarter due to lower average realized gold price. However, it came ahead of the Zacks Consensus Estimate of $859 million.
For full-year 2013, adjusted earnings were 28 cents per share, down 64% from 78 cents per share recorded in 2012. The results missed the Zacks Consensus Estimate of 33 cents. Reported net loss totaled $3,012.6 million or $2.64 per share versus a loss of $2,546.2 million or $2.24 per share in 2012.
For full-year 2013, revenues decreased 12% to $3,779.5 million from $4,307.3 million in 2012, but were ahead of the Zacks Consensus Estimate of $3,719 million.
Operational Performance
Gold production was 646,234 equivalent ounces from continuing operations for the quarter, down around 11% year over year, driven by suspension of mining at La Coipa and scheduled maintenance at several other sites. Average realized gold price was $1,268 per ounce, down 26% from the year-ago quarter.
Production cost per gold equivalent ounce increased to $765 in the quarter from $686 in the prior-year quarter mainly as a result of lower production and increased maintenance costs. Margin per gold equivalent ounce sold was $503 in the fourth quarter, down 51 % from the year-ago quarter.
Financial Review
Adjusted operating cash flow was $222.8 million, down 56% from $505.3 million in the prior-year quarter. Cash and cash equivalents were $734.5 million as of Dec 31, 2013, down roughly 63% year over year, primarily due to debt repayment and capital spendings. Total long-term debt declined roughly 3% year over year to $2,059.6 million.
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I've long-liked its' $5 dollar level though....
This chart from back in December
I sure wish this company was still around.....
Total blast-off on its' way.....
The World is Nortels' oyster.
Even though the company doesn't exist :
Chartists don't care about THAT.
Excellent timing for a double post eh :
Looks like the private nowwhat thread....Great.
It's crazily about how well one "clicks" at this site :
Double-Click "crisply" and posts will process without problem.
Accidently perform a poor double click and you'll double post
More than just this board appear quite today....
Symptomatic of what's often termed "a dull market"
What "the experts" are saying : http://www.youtube.com/watch?v=Xmkt2d_bzJ4
I-Hub will not let us share.....
Our Canadian version of SDS
Up .3 % today plus, will ya' look at how cheap the thing is ! woo-hoo !
Canada freaking Rocks !
250,000 traded versus 11.1 million BUT,
The relative volumes are kinda the same....
*One of 'em might be easier "to read"
The 50 & 21 day sma's duplicate : very little difference there
not shown
Lovin' it : Precisely my style of analysis....(dramatic)
May even have used him myself in the past.
Thanks
But don't understand how it could still be trading down there....
Must just be some kind of perverted shell ?
This article from Dec 6th 2013 ;
http://www.reuters.com/article/2013/12/06/us-nortel-bankruptcy-idUSBRE9B50XA20131206?type=companyNews
Re-viewing a December PAAS stock chart analysis :
http://investorshub.advfn.com/boards/replies.aspx?msg=94809598
I know, I know.....That when attempting to solicit concurrence with my views ?...
I probably shouldn't act quite so nuts ! .....LoL
BUT ;
I only ACT nuts because I believe it conveys, just how ridiculous all this stuff is !