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2012 will change all this!!!!!!!!!!!!!!!
Recently from GATA... It's not often GATA posts what you don't wanna hear...
"Gold is up 12% this year but shares of gold miners have fallen almost 16%.
Smaller gold miners are down almost 40%, based on the returns of leading
exchange-traded funds tracking those stocks."
http://www.gata.org/node/10826
=== I believe this is the primary reason typical small stockmarket investors no longer
show much interest in mining shares:
"Investors who once turned to gold miners to gain exposure to bullion now
can purchase exchange-traded funds that are backed by gold."
=== Back in the 1980's and 1990's, when I was into those markets, there were no ETF's
and it was not possible to {easily} "gain exposure" to the Gold price. Mining shares
were the only venue, other than Physical coins or Futures, which needed complicated
and very risky/costly special brokerage accounts...
=== plus, shares were always such a hassle, since I had to "diversify" amongst so many.
A person risked losing his shirt on most, to squeek a tiny profit or dividend from one
or two others...
=== Had there been Gold and Silver ETF's in those days, I'd probably have used those instead.
=== Today, of course, I avoid them all. Physical is the only safe way for Metal fans.
© Fair Use Doctrine of International Copyright Law ©
http://www4.law.cornell.edu/uscode/17/107.html
2012:
gold will make new highs.....
http://news.coinupdate.com/major-gold-market-changes-coming-next-year-1130/
hold... don't sell....
http://www.theaureport.com/pub/na/12083
willie.. golden jackass.
http://news.goldseek.com/GoldenJackass/1324501200.php
hey guyer how about buy direct.. cut out middlemen...
goooooooooooooooooooooooooooooooooo cgfia.
http://bullmarketthinking.com/mark-cutifani-ceo-of-anglogold-ashanti-major-buyers-finding-its-hard-to-get-physical-gold/
a long comment from zero hedge in favor of junior miners
We are truly at an unprecedented fork in the road.
Mathematically the fiat system MUST be rearranged through a revaluation. Gold and Silver, even though they have pulled back from their highs are at levels that very few would have believed even 5 years ago while the shares themselves ARE at levels where they were 5 years ago. I have spent my entire career being a "value investor" which is what led to Gold in the first place, it is also why I believe the shares are right now the best possible investment class on the planet. If you agree that mathematically Gold and Silver must trade at ever higher levels to current currencies then you should go that one step further.
This "one step further" is to look at the valuation levels of the supply chain of the product. In many cases the shares are trading at or even below the "giveaway" prices of late 2008 (in both relative AND absolute terms). This is of course in part because of the naked shorting that has been done but it really doesn't matter "why", it only matters that this is where we are. The shares have historically shown 3 to 1 leverage to the price of their product, not so since 2008. But wait, the producer's earnings HAVE shown very significant leverage to metals prices and have in fact nearly quintupled since 2007. Yes, there are more risks in owning the shares such as mine collapses, regulatory, nationalization issues etc. but this is why you diversify by geography and type of mine.
We are now being offered for the 3rd time in 10 years what investors in industrial stocks get maybe twice in their lifetimes! The shares are at GIVEAWAY levels! You can actually go out and purchase junior mining companies that are not in production yet for less than $10 per proven ounce of Gold in the ground! Yes, physical Silver is cheap...but not even close to this cheap. You are being offered as many shares as you can fit in your "truck" as you can buy for maybe a 90-95% discount to their real values! Yes you can argue "what is truly real value?" but just like pornography, maybe you can't define it 100% but you know it when you see it. The mining sector as a whole is GROSSLY undervalued.
When, not if Gold goes to higher levels in current fiat terms, do you believe that proven Gold in the ground will still sell for less than $10 per ounce? At $2,500 Gold, do you think maybe proven in ground Gold might be valued at $250 per ounce? Will this take a couple of years? Will these companies be sitting on their hands during this time or will they be exploring and "proving up more ounces" on their properties? When you look at it like this, these are dumb questions!
Please keep in mind that the big producers MUST continually add to their reserves as they are being depleted every year, day and minute that they are in production. THIS is what tells me that the current ridiculous pricing will not stand. Proven Gold in the ground IS the CHEAPEST way for the producers to ensure access to future production...period. They cannot go out into the field (even if the long lead time did not matter) and discover Gold and Silver for anything even resembling what the market values some of these very real juniors at. My guess is that the big boys (again, forget about the long time factor) would spend 5 times the outlay of the average junior price to locate and verify precious metal. THIS is what makes the junior sector so attractive, they have (and are) done the leg work and proven up metal which is being valued at pennies on the Dollar!
a long comment from zero hedge in favor of junior miners
We are truly at an unprecedented fork in the road.
Mathematically the fiat system MUST be rearranged through a revaluation. Gold and Silver, even though they have pulled back from their highs are at levels that very few would have believed even 5 years ago while the shares themselves ARE at levels where they were 5 years ago. I have spent my entire career being a "value investor" which is what led to Gold in the first place, it is also why I believe the shares are right now the best possible investment class on the planet. If you agree that mathematically Gold and Silver must trade at ever higher levels to current currencies then you should go that one step further.
This "one step further" is to look at the valuation levels of the supply chain of the product. In many cases the shares are trading at or even below the "giveaway" prices of late 2008 (in both relative AND absolute terms). This is of course in part because of the naked shorting that has been done but it really doesn't matter "why", it only matters that this is where we are. The shares have historically shown 3 to 1 leverage to the price of their product, not so since 2008. But wait, the producer's earnings HAVE shown very significant leverage to metals prices and have in fact nearly quintupled since 2007. Yes, there are more risks in owning the shares such as mine collapses, regulatory, nationalization issues etc. but this is why you diversify by geography and type of mine.
We are now being offered for the 3rd time in 10 years what investors in industrial stocks get maybe twice in their lifetimes! The shares are at GIVEAWAY levels! You can actually go out and purchase junior mining companies that are not in production yet for less than $10 per proven ounce of Gold in the ground! Yes, physical Silver is cheap...but not even close to this cheap. You are being offered as many shares as you can fit in your "truck" as you can buy for maybe a 90-95% discount to their real values! Yes you can argue "what is truly real value?" but just like pornography, maybe you can't define it 100% but you know it when you see it. The mining sector as a whole is GROSSLY undervalued.
When, not if Gold goes to higher levels in current fiat terms, do you believe that proven Gold in the ground will still sell for less than $10 per ounce? At $2,500 Gold, do you think maybe proven in ground Gold might be valued at $250 per ounce? Will this take a couple of years? Will these companies be sitting on their hands during this time or will they be exploring and "proving up more ounces" on their properties? When you look at it like this, these are dumb questions!
Please keep in mind that the big producers MUST continually add to their reserves as they are being depleted every year, day and minute that they are in production. THIS is what tells me that the current ridiculous pricing will not stand. Proven Gold in the ground IS the CHEAPEST way for the producers to ensure access to future production...period. They cannot go out into the field (even if the long lead time did not matter) and discover Gold and Silver for anything even resembling what the market values some of these very real juniors at. My guess is that the big boys (again, forget about the long time factor) would spend 5 times the outlay of the average junior price to locate and verify precious metal. THIS is what makes the junior sector so attractive, they have (and are) done the leg work and proven up metal which is being valued at pennies on the Dollar!
go hillbillies...
With many investors worried the price of gold could head lower, today King World News interviewed the “London Trader” to get his take on the gold market. The source stated, “The Chinese have continued to take delivery of both physical gold and silver directly from the ETF’s GLD and SLV. They are also going directly to producers. Entities are bypassing the COMEX altogether and going straight to gold mining companies. Every single month producers have a certain amount of gold and silver they sell. Normally they sell it to the bullion banks and the bullion banks, of course, leverage this gold and sell up to 100 times that in paper markets to control prices.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/20_London_Trader_-_We_are_Witnessing_a_Historic_Bottom_in_Gold.html
did u buy au @ 1550-1560.. if not u r loser.
watch gold now.. china needs to move on n.k. now... ill in dumpster.
this co has grat potential... continue to buy all u can.
or maybe bonz gaps up over the .013 area.... I like the gap.
GOOOOOOOOOOOOOOOOOOOO BONZOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO...
want to see .06 soon.....
draining the sewer.
leverage and now liquidity..... more rules and regs. hahaahahaaahahaaaah.
should send gold well over 2000
What country do we watch in 2012..
1st it was china
2011 brazil
2012 russia
2013 india
watch the gold buying NOW.
time to move way up.
without gold u are allllllllllllllllllll bankrupt......
total household debt 151,000
total budget cuts 385. dollars which r worthless.
Dagong, the Chinese rating agency claims that US GDP is under $6 trillion once you take out the fake financial padding out of the US GDP. To quote them:
"In addition, due to the high economic financialization, more than half of the profits in the real economy come from the returns of financial activities. If we exclude the factor of virtual economy, the U.S. actual GDP is about 5 trillion U.S. dollars in 2009, per capita GDP about $ 15,000."
To assume that US GDP is $15 trillion is more of an assumption that most will admit. So maybe the US GDP is $15 trillion but it may shrink in half if the financial sector gets into trouble. --a reader's comment to a ZH article.
gold was run down by hedge funds... Europe will blow up.. still say the excess being too much fiat floating... gold is real money... next to good farm land/water gold is going higher... you will have ww3, only matter of time.
refco repeat.
history repeats.
FTD for REFCO was 10 Billion dollars.. So the broker make 10 billion in trades and never secured the assets.. Nobody went to jail for the same reason why Corizine won't and noone from Wachovia(Now Wells Fargo) whom paid a 160 million fine for laundering went to jail.. It's so sickening this is why people are fed up. This is why the retail trading has dried up. The jig is up, people know. They are done. Brokerage houses are laying off in droves..
au bought now off low.
u.s.a. magoo and con grease destroyed the markets....
They are now all off shore only gold will save you in end.
This sell off started on thursday of last week with 4000 contract sell off during off hrs for u.s.
http://www.aljazeera.com/news/asia-pacific/2011/12/2011121463225690525.html
idiots @ epa....
next they'll try to regulate a fart.... fine'em for farting....
insanity.....
http://thehill.com/blogs/floor-action/house/198217-farm-dust-bill-approved-in-house
Bet on this one.. coreslime won't make it a year...
it's coming most of u will be wiped out without gold. your 401k will disappear, sorry loser ...
expect cgfia on 1st leg up to .03... expect mdw to break old hi .
go mdw
hl hot going to pull mkt higher...
THEY HAVE NO CHOICE eu will print like crazy, and gold will break out with 100-200 a day moves....
Now the merry christmas will be hearing ++++++++++++++ news from cgfia...
europe. flood gates open throw a trillion into da mkt... goooooooooooooooooooooooooooooooo gold!!!!!!!!!!!!!!!!!!!!!!
hahah japan behind us...
when will guyer wake up and get going!!!!!!!!!!!!!!!
we need coins stamped colorado.....issue bonds backed by gold...
http://www.bloomberg.com/news/2011-12-06/japan-offers-gold-coins-to-bond-buyers.html
hey guyer.. u got one of these?
http://www.niton.com/Default.aspx?sflang=en
only the brain dead can't see this coming....
To paraphrase what Kyle Bass recently said, 'There is $80 billion in open interest in gold futures and options, and there is $2.4 billion in deliverable gold at the exchange. The exchange is a fractional reserve system, and they plan for a one percent redemption. In the event of a greater demand for redemption, they assume that price will take care of it. The decision for a fiduciary is simple; take your billion in gold out now.'
got gold!!!!!!!!!!!!!!!!!!!!!!!!!!!!!