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All out? Shit guys I'm all in lol
Nice! A company that still pays a divy! lol I will check them out
stand by for link
$6 billion in paper gold dumped and it barely moved the metal prices. The last of my powder is now in AXU again. Let's see what happens. I have a feeling this is the bottom like you said.
Why so quiet? These are good prices!
Made an almost fatal mistake a couple days ago trying to chase a bulk shipper lol whoops! I know better than that.
The Heat is back and starting to buy back in.
There's that London smash again. Like f'ing clockwork.
Looks like I jumped out at the wrong time lol *throws magic 8-ball against the wall*
This is just my opinion and I could be wrong but I don't like the way the metal is trading. I think AXU has a good chance at heading down to the 200 day MA around 1.27ish if silver does not come up in a hurry. Going with my gut on this and I'm out for a while. I got back in at 1.49 and out at 1.66. I still believe this is a hell of a pick and will be watching closely.
It's that damn London smash that happens EVERYDAY
Not to mention all the other red flags showing the economy is BS like Caterpillar, retail stores and restaurants all dying a slow death.
They moved it to a Buy signal on Americanbulls
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=AXU
That silver smash on the NY/Nymex open is getting old.
Here ya go guys. Courtesy of Zerohedge.
http://www.zerohedge.com/news/2016-10-09/theres-one-very-simple-reason-why-precious-metals-were-pummelled-week
In a few short hours the Silver Bull in a China shop comes back to life. I have popcorn on standby ;)
We have lots of gaps in these weekly candlesticks Dingo. I know you see it and in my opinion that is exactly where this stock is shooting back up to next week ($1.70-$1.80) and then higher. What do you think?
Last attack before the Chinese show up lol
They are doing everything they can to keep gold and silver down @ the 200 day moving average. They know when Shanghai comes online Sunday evening it is on like Donkey Kong! Like Dex at pulsescan72 says "We are going to see gap up days".
Mike Maloney saw it coming
Jobs report missed again and metals are going back up lol. China will be back next week also :)
Dex is a bad ass. Check out his opinion on whats going on.
Jimmy knows
Quit looking at some of the stuff I look at when trying to catch a bottom lol
Order filled! Boom! Suck on that! Snap! .............. Please don't drop lmao
It is almost at a 50% pullback on the 52 week trading range. I am jumping in Big League (Trump) right here lol. China comes back online Sunday evening. This is just bankers propping up the dollar in my opinion/analysis.
I cannot pick the top and I cannot pick the bottom but I'm pretty good at knowing when to cut losses and when to get back in. 60% of the time it works every time lol
Well my buy order was partially filled today ;)
I sold the kleenex for cash so I can jump back in lol. Watch the JPY/USD. Gold and Silver are down because of a spike in Dollar value to the Yen. The Chinese are out of the market until Monday so the bankers are using this as an opportunity to temporarily strengthen the Dollar. It is temporary. Look at a 2 year JPY/USD chart. The Yen has been gaining strength no matter what Kuroda and Abe do.
Aaaaaaaaaaaaaaaaannnnnnnnnnnndddddddddddddd! The Chinese are on a bank/market holiday all week ;)
AXU is moving towards the 200 day moving average of $1.27. I guess we will find out if it can hold.
I got out last Wednseday. I didn't like the way the metal was trading and was about to leave town with limited access to the internet. This stock is highly leveraged to the metal price. I think silver is headed towards pre brexit prices of $17-$18 and then start to rise back up again. Nothing in the world has changed for the better. The world economy is dying by the day and the push for war is increasing steadily. Gold and Silver are real money/assets whether Americans know it or not and as an American I know how misinformed my fellow citizens are. I like AXU but I will not buy and hold a stock with this amount of leverage. I'm going to watch Silver and wait to jump back in.
I was looking at an older amendment apparently. I have been digging through these Wheaton stream amendments and now that I read the latest one again it doesn't even mention the 10 year change. I give up lol.
That agreement is for 10 years once production resumes. Yeah it kinda sucks on the upside but it puts a price floor on the downside.
Alexco President and Chief Executive Officer Clynton R. Nauman said, "The amended Silver Purchase Agreement accommodates both Alexco and Silver Wheaton interests in re-establishing silver production at our expanding Keno Hill operations, but also represents a significant value proposition for Alexco shareholders. Simply put, the change not only protects our margins in lower silver price environments, it reduces our operating costs and considerably improves our leverage to upside movements in silver prices. It's important to remember that the impact of the silver stream is only on 25% of the ounces we produce, which leaves 75% of our production fully exposed to the upside. On the strength of this deal, and providing we are able to secure appropriate regulatory authorizations, we will move forward with our longer range plans to fully explore and develop our Flame & Moth deposit. Shorter term, depending on permitting as well as prevailing market conditions, our plan is to establish underground access and exploration platforms at Flame & Moth with a view to making a mine production decision for both our new Flame & Moth deposit and our currently suspended Bellekeno mining operation in 2015."
It looks that way on a day to day basis but look at a long term chart. The price of gold and silver is walking right up the trend line. So far we are not stuck in a range. Silver overshoots the price trend and then hangs out for a while until the price average catches up. It is very testing to be in the gold and silver arena (silver especially) but if you can weather the storm it is all worth it. They might be able to trick some Americans into not recognizing gold and silver as money, but they cannot trick the rest of the world lol
Low volume algo BS today
End of London market again. Weird though. They took silver down 15 cents but didn't hardly put a dent in gold.
Metal prices too. Gold needs to get up over 1350 so it can drag silver up past 20.50-21.00. AXU is trading like it is directly following the metal prices and not the drill results/reserves valuations. IMO it will happen because there is not one bit of economic news that is fooling anyone anymore. Hell those carnival barkers on CNBC were questioning what the hell the FED and BOJ are doing lol. Hold and/or accumulate.
That end of London trading price dump is so predictable lol didn't make much of a dent though. C'mon New York you know you wanna push it higher.