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Gold climbs to highest level in two months
Add together geopolitical concerns, falling stock prices, crumbling oil, and the idea the Fed may have gotten it wrong when it tightened monetary policy last month, and gold gets off to a big start to the year.In fact, since the Fed hiked in mid-December, the three best-performing asset classes are the VIX (NYSEARCA:VXX), the gold miners (NYSEARCA:GDX), and gold (NYSEARCA:GLD). After that are utilities (NYSEARCA:XLU) and long-dated Treasurys. Go figure.Today's 1.35% gain in gold has the metal up about 3% in 2016, and at $1,093 per ounce, its highest price since early November.
source http://seekingalpha.com/
No one likes war or diplomatic tensions, but Gold!
Biotec, health care markets hurt and have fallen, this after annalist say it's good for 10 more years. WRONG.
When Gold fell investors moved to Health care particularly the biotec sector. This was due to the Fidelity Select Biotechnology( FBIOX ) but with world of war games going on, falling markets, china in particular, stock adjustments have been started.
Small investors with $50k to $200k move there stocks. Next move is big money ( $200k to $900k ) They will wait to take a loss that hurts, then move to Gold as most big money still don't think it will go, but it will, and it will brake records
Then when it recovers to 50% of the 2012 prices, Large investors $1mill+ invest per stock will move and thats when it will sore to never before seen prices.
Price of gold target EXAMPLE if war and markets keep current: Gold by end of 2016, $1500 to $2100 OZ. by end of 2017 $2500 to $5000 OZ. Keep your eyes on War and world Markets. War up, Markets down = Gold up, the demand is already up[ and will keep going up no mater what.
Yes should go over 2, because the last bonds that investors are selling off, willbe in Feb. Gold is up, tentions in mid east, North Korean test atomic bomb, and now some investors are moving to gold, but some will wait for March after reports come out from AUY.
AUY target price
China fueled fears about economy by permitting the yuan to weaken further and a nuclear test by North Korea added geopolitical worries, leading to investors to replace risky assets with safe havens such as Japanese yen, U.S. Treasuries, German Bunds and gold.
AUY ends day positive, other gold stocks, not so.
very interesting chart today! and I like it.
Yes Snup, it's a mater of time, and to add on to it, Saudi/Iran tensions and china shut down markets today . This all help's push investors to look for security! and that's Gold.
Back in April 2015 Jim Rickards posted this.
Why the U.S. is Letting China Accumulate Gold
Interesting read.
Gold Prices Will Soon Surge 50% Higher, This One Chart Reveals
Thestreet.comGOLD50%higher2016-17
Happy New Year. Wishing all a bright and better 2016,
from now to March 31st, what is your all predictions of cost per share of AUY?
Me. Low $1.85 High $3.04
agree , Never do that with any stock.
this is an AUY forum thus I don't talk to much about others. but I will take my dive in shares instead of cash. $3K not worth taking for me. and it's a gamble staying with them and if it pays off, I will be very happy.
To add to the Gold report, heres a update today. Note that in this report They did not list AUY ???
coal, gold, and silver miners are having a rough day. End-of-year tax and fund selling could be playing a role. Comex gold is down a moderate 0.6%, and Comex silver down 3.2%. The S&P is down 0.5%. Notable gold decliners: Goldcorp (GG -3.5%), Barrick Gold (ABX -3.1%), Newmont Mining (NEM -4%), Kinross Gold (KGC -3.8%), Gold Fields (GFI -6.7%), AngloGold Ashanti (AU -5%), Harmony Gold (HMY -6.5%), and Sibanye Gold (SBGL -4.2%).Notable silver decliners: Silver Wheaton (SLW -3.8%), Pan American Silver (PAAS -3.6%), First Majestic Silver (AG -6.9%), Tahoe Resources (TAHO -4.9%), and Coeur Mining (CDE -5.8%).
So I point out one last time Why I go with AUY over any other.
following the chart over the last 5 months.
We came up from $1.40-$1.75
last 2 months floating at $1.78 $2.38.
Look at the vol. Up when Buy and Down when Sell.
Now look at the ratings More buy then sell every week.
All signs of a stock that has gone as low as it will.
Now count all the signs about Gold and AUY for the next 2 Years.
Election factor, Gold explodes hitting Record sending AUY to never before seen or imagined prices.
This is why I am Heavily Invested with AUY and other Gold stock. It is the next BooM.
AUY getting a boost as Gold go's up.
Weak dollar seeing demand for safe haven metal rise on Christmas Eve.
February delivery for Gold is gaining by 0.59% to $1,074.80 per ounce on the COMEX
sharp price moves next week as investors take stock of their positions and make changes.
correction of market is happening now, out go's bonds, move to Gold and Silver.
AUY vs BAX and why I pick AUY.
Quarterly Dividend is the same $0.02
AUY cost $1.89 or pay $7.66 for BAX
BAX just sold off some of it's non core assets but AUY said, nah we don't need the money, our over head is so low, we will just keep it, a Smart Move.
$20k = about 10k shares of AUY or 2400 of BAX depending on when you bought it.
If ABX go's back to say $40.00 a share you sell and Bam you make $96k cool right,
Not so fast, your 10k stocks in AUY also went up to $20.00 a share and if you sell it all, you just made $200,000
Now if your like me and have more then $60k in AUY, you hold and wait for that $20.00 and when it hits $35 in 2017, you wave at the BAX holders and smile.
I agree with you, I read the news as a smart, not in a rush thing to do.
also I see the USD printing catching up by 2017 and a crash like no other.
That will push Gold up & add on the world conflicts and economies to the mix, and you have your self one hell of AUY recipe above $5.00 todays chart is uneducated traders panicking. and I love it, because it saves me money as I buy more.
Good vol charts up/w buy & down w/sell. This has been trend for some time now. outlook for 2016 fair to unexpected boom. Going to stay w/AUY for the long! Place my bets on unexpected Gold hike?? Mid 2016 big investing come back to Gold??
Buying more and betting on History Gold will go up. Just a mater of time and I think AUY is a sure bet. World events, History and cycles never lie. Anyone who buys and or holds for long term will be extremely happy they did. 2016 thru 2017 will make a life changing difference.
Street correction starts as rate hike hits. Exiting times are here!
Why is AUY going down now ? Gold is up today just a bit and all other Gold stocks are up now as well. What am I missing?
AUY stock holders will profit in 2016 good read here.
http://seekingalpha.com/article/3750266-yamana-gold-the-turnaround-will-continue
JP Morgan initiated coverage on Yamana Gold with a Overweight rating. What? AUY should be at $2.50 right now and going up. The question is why is it not??
Investors sell off S&P stock. Move to GOLD? Could it be after 3.5 years That Finally Investors see the flashing lights saying get in to gold and do it Now. If they have a Brain Cell at all, they will and after looking at the s&P we know they are selling shares, and we know why! But will they move to old Yeller ?? I bet yes. Buy in now, put your Hold seat belt on, and enjoy this Rocket ride.
$5000 per Ounce here we come.
While the exchange-traded fund covering gold miners is outperforming the precious metal itself, McEwen Mining founder and chief owner Robert McEwen said Wednesday that he remains bullish on gold.
"I'm a long term believer in gold and I see it ultimately getting to $5,000 an ounce," McEwen said on CNBC's "Fast Money." "Anything short of that, I wouldn't be hedging."
McEwen, who owns 25 percent of his company and receives no salary, said that he expects gold to hit his price target of $5,000 in the next three to four years.
absolutely no brainier BUY. I also think more long term investors are starting to come in and make the switch from S&P to Gold. In six months long term investors will look at the chart and wish they got in when it was under $5.00 never mind a mass under valued price of $2.27 and short term investors will love the ride as well as it will be an up and down by $0.15 average. Bottom line is AUY is the only safe & must buy for any Investor.
Now that it is so cheep I'm all in. The Street and market research team say sell.But 2016 will make us the smart investors. I'm so sure of this, that I Just sold my House in Cali and I'm all in AUY. S&P way over value, but Gold undervalue. A correction is coming to Wall ST when investors make the move back to Gold. I never put all my eggs in one basket, but the last time the Market did this was 2012 when it fell and shot up over $5+ a share. I also think with a correction coming and Rate hike from the feds is only going to fuel this even more. A historical climb is in the works and I just went all in!
gold is setting up for solid move to the upside in 2016.
http://www.profitconfidential.com/gold/gold-price-forecast-for-2016-optimistic-gold-price-outlook-ahead/
BUY stays as scare makes some sell. Regardless of today's drop. This will go and can only go up. Gold price will be back up during the next 12 months and AUY is listed as BUY with more firms then hold or sell combined. If anyone sold, good for you, you made what $6000. Well you might want to buy back in as by this time next year if it ant sitting at $12.00 or more I will quit my Job and walk into the wood naked with a bottle of cheep rum.If i have to tell you why, you already don't understand and will miss out on this new gold rush coming.
I was 1 day off but called it, Now $2.50 by 12 noon Friday.
Days not over yet, We could still see my Prediction of $2.20-$2.30 but this is only the start. POP, No, this it the start of a climb to record high. Long term investment looks great. OTC, you have been right on the money with this. TY for your work here on forum.
I'll see your 40k, by next Monday $2.20 $2.30 range regardless of what the FED will or will not do. More at work here then Feds, If rate hike did happen then I would say $5, Fact is it will only go up from here, get in cheep while you still can.
SEC Suspension of Trading
Dec 16, 2014
OTC Disclosure & News Service
Washington, D.C. -
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 73842 / December 16, 2014
The U.S. Securities and Exchange Commission announced the temporary suspension,
pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”),
of trading of the securities of Geo Finance Corp. (“GEFI”), of Henderson, Nevada at 9:30
a.m. EST on December 16, 2014, and terminating at 11:59 p.m. EST on December 30,
2014.
The Commission temporarily suspended trading in the securities of GEFI because of
concerns regarding the accuracy and adequacy of information in the marketplace and
potentially manipulative activity related to GEFI common stock.
The Commission acknowledges the assistance of FINRA in this matter.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that
they should carefully consider the foregoing information along with all other currently
available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11
under the Exchange Act, at the termination of the trading suspension, no quotation may
be entered unless and until they have strictly complied with all of the provisions of the
rule. If any broker or dealer has any questions as to whether or not he has complied with
the rule, he should not enter any quotation but immediately contact the staff in the
Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-
5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he
should refrain from entering quotations relating to GEFI’s securities until such time as he
has familiarized himself with the rule and is certain that all of its provisions have been
met. If any broker or dealer enters any quotation that is in violation of the rule, the
Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information that may relate to this matter,
they should immediately contact Michael D. Paley, Assistant Regional Director, New
York Regional Office at (212) 336-0145, or Elisha L. Frank, Assistant Regional Director,
Miami Regional Office at (305) 982-6392
At a split this is what happens folks, so Relax, best thing you can do right now is hold and wait. This will go up and all who hold and wait will be fine. Do not try buy or sell at this time. Understand we have a lot of "pot heads" trying to invest right now for the 1st time who don't even know what bid, ask, ticker, and or quote stand for. Let the Buzz die off, Pun intended. Then buy more. I'm betting on a $70.00+ end of year quote. I put this in my Roth and got some for my Kids acct as well. Good Luck not needed. with in next President elected. Mary J will be legalized as the Fed will want in on the Zillion $$$$$ industry in tax revenue it will make. The you can buy the book "How pot saved America on wall ST" Hold for a month, buy for the long term, Then go buy a pack of your favored flavored VAPE- at your local convenient store. :)