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I guess 36,000 oz's of gold on a leach pad means nothing? Just walk away from that?
Well looks like we may be duped.
Neil resigned. A 100 to 1 share consol coming and who's the new CEO? A securities attorney.
Can you say, "run this into the ground and sell to CDE?"
I'm beginning to believe what everyone's said about Scott Patterson.
You're correct and shareholders have been going down this path. Hopefully someone will take notice in congress....
Hope they get burned.
Good article. Another buying opportunity coming up after the sheeple sell into negative news.
Thank god for sheeple.
No resistance for silver thru $14.00....
Anyone who know silver and gold well will know the name James Turk.
He says that the bull market in silver won't even start until silver hits $50.
Robert Kiyosaki says that silver IS one of the best investments that he has EVER seen...
Precisely, the gold sales allow them to do what they do... "This transaction solidifies Coeur’s liquidity position and provides sufficient capital to complete the construction of the mine and fund continued exploration and development."
http://www.businesswire.com/portal/site/cnnmoney/index.jsp?ndmViewId=news_view&newsId=20090121005399&newsLang=en&ndmConfigId=1000618&vnsId=33
It's silly to me to think that when gold increases in value investors will look back and be bitter. Seems to me most investors in PM's are looking ahead at gold increasing in value as it is. The market looks ahead not behind.
Also, it's a stark possibility that when gold hits $2,000 an ounce financing will still be largely unavailable. At least from banks. Gold will hit $2,000 an ounce for a reason and it won't be pretty. Investors may look back and say, "thank god they did that then."
.66 looks good today!!!
No biggie, not a private conversation. Of course I would prefer to buy at the bottom but who the heck knows what that is? I'd rather just buy regularly and especially on dips than watch and watch and watch.
I'm a man of action!!!! LOL :)
Besides, I'm also trying to look at big picture. When I invest it's usually long. Don't bother trading anymore. I'm looking at $5.00 plus in a year so .50 or .90 means nothing to me.
What are you upset about? You're being given an excellent buying opportunity.
Everything you mentioned is a short term effect. I find it pretty encouraging as a buyer....just my perspective.
I would say people are selling because the dollar is rallying and if the economy suffers all year long there will be less industrial demand for silver.
Combine that will a potential loss of production from a mine and there you have it.
Long term fundamentals are there. This is just a buying opportunity.
All imo.
Nice find! Is this on the Yahoo board yet?
NovaBiosource's Seneca,IL refinery is now a BQ-9000 certified producer.
http://www.novabiosource.com/
Not if the world is upside down!!! :p)
Both of those things are a given in my book....
"Gold and Silver Investments continue to believe that silver will likely reach its 1980 non inflation adjusted nominal high of $50/oz in the coming years due to the extremely favorable fundamentals."
http://news.goldseek.com/GoldSeek/1229691600.php
Silver May Rise Above $14 on Technical Signals, Citigroup Says
By Nicholas Larkin
Dec. 18 (Bloomberg) -- Silver may rise to a four-month high of more than $14 an ounce, technical strategists at Citigroup Inc. said, citing charts that indicate future price movements.
The metal climbed above a 55-day moving average last week, a signal to some traders that the advance will continue. A rally and close above the moving average “suggests that silver could test the 200-day moving average currently at $14.49,” London- based Shyam Devani said in an e-mail today.
Silver for immediate delivery lost 2.5 percent to $11.10 an ounce as of 4:10 p.m. today in London. The metal has slumped 25 percent this year as investors liquidated their commodity holdings to raise cash and as slowing world growth reduced demand. Silver traded as low as $8.4587 on Oct. 28 and $8.84 on Nov. 20.
“While the outlook for both gold and silver is bullish, we would not be surprised to see silver outperform in the short term,” New York-based Tom Fitzpatrick said in the e-mail.
Gold, which investors tend to buy as a hedge against market turmoil, has climbed 2.3 percent this year.
In technical analysis, investors and analysts study charts of trading patterns and prices to forecast changes in a security, commodity, currency or index. Resistance is where sell orders may be clustered, while support is where there may be buy orders.
To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net
Last Updated: December 18, 2008 12:25 EST
http://www.bloomberg.com/apps/news?pid=20601012&sid=agLcj6wDSp5c&refer=commodities
What do you mean it's all about the silver? What do you think this is, a silver mining company?
Just joking. I think if silver goes to $20 that's just a pit stop for something much higher. The fundamentals that took silver to $21 and CDE over $5 the last time around are amplified greatly.
Expecting anything in particular? I don't really expect to hear much until sometime in January.
Maybe banks start loaning and Nova secures another line of credit....
Look at that dollar rally....oh wait.
As planned.
Just punched thru 50MA. Need to close there. Gold and silver rallying. Dollar failing.
$10.50 is the technical we're looking for, fundamentally speaking... :)
http://goldprice.org/silver-and-gold-prices/
If it goes to $5-7 what do dips have to do with buying opportunities....?
I really don't think it's all that unusual for some profit taking after the bath everyone's taken.
Look how long it was under .50. Surely there was buying then. These lower priced shares will work themselves out and this will grind forward until some catalyst presents itself.
Except you'll need to use this link... sorry 'bout that.
http://stockcharts.com/c-sc/sc?s=BCON&p=W&b=5&g=0&i=t03981442362&r=4834
I think this one shows a buying opp. forming quite nicely...
http://stockcharts.com/h-sc/ui
Well I was thinking more along the lines that you are one of the two moderators on the board and no one else would be able to post up a chart on the Ibox thing.
It does look attractive. I've been watching awhile but never bought in. May have to soon.
If you're able you should also post a weekly chart along with the daily on the board.
Good points. Nova has really hit a wall but it's too early to pass judgment. And too easy to pick on a stock when it's down.
It's not very validating to jump on a message board and say, "You were wrong, you were wrong!" Reminds me of my junior high days.
Where do these guys come from.
Who knows with Nova. And I've already traded and made money on WWAT.
Is that all you've got? WWAT? Please. Come on, give us something juicy. Trends.
Tell me, what will oil do over the next few months?
Since you went back to a post of mine in what, October, further? I didn't check. Tell me, where the dollar will be at the end of February....?
Interesting article, reference to Beacon:
http://energytechstocks.com.previewmysite.com/wp/?p=2018
You lie in the shadows and strike when unforeseeable events present themselves.
Hedge funds deleverage at a pace the world has never seen and you fault me for world events beyond anyone's control? Brilliant. You must be a prophet. Now you can attack me and look like a hero. Right?
Well prophetic one, throw some skin in the game. What lies in the future for us? Where does all this lead?
Why don't you tell us what you're investing in and where we should put our money.
People like you are filth. Bashers. Nothing to say until someone is wrong.
Gee, were you waiting for that. Good for you.
Oil will rebound and the dollar will fall.
Big deal.
Investors in mining companies and commodities in general should do very nicely over the next coming years.
We have two things going for us:
1) The coming market rally. Certain sectors will rally like gang busters regardless of overall fundamentals. Too many stocks are way oversold. Muchos money sitting on the side lines, soon looking for value.
2) Inflation. May take some time to kick in as it looks like the dollar will rally for some time but that will be short lived. The dollar rally will temper the growth of PM stocks but not completely stifle them. When it becomes apparent that the dollar will continue it's death spiral we'll see a super spike.
3-5 year play. Accumulate. Accumulate. Accumulate.
Could you kindly tell me what the Super Lotto numbers will be for Saturday?
Thx
Not only that but it makes no sense.
500m shares x 2pps = $1B market cap.
RS: 500m share/2 = 250m shares x 4pps = $1B market cap.
So you wait for the pps to RISE and then do a RS? Never have I seen that. Ridiculous.
Wow. What else can you say. Good post, thx.