Gasoline will be 28 cents a gallon, an Eskimo Pie will be a nickel, a new Ford will be $800 and my grandfather will arise the dead and be working in a mine for $5 a day.... This post will not have been written for another 80 years...
Macke of YAHOO prays investors ignore bank earnings, as they're sci fi boosted by STILL having derivative paper off the books written circa 2000-7. But earnings gloom led to the Friday selloff, making me glad I sold options against IWM/IVV. Is this the time for silver and gold? Yupparoonie for traders. I smell a selloff for the market in anticipation of overnight rate pops so early, it makes my head swim. Wage earners have zero traction as it is, carving off more income to support credit from cards to homes is inexcusably dumb. Betting on the euro devaluation will chase those folks into our bonds would have to be front and center, and so far that's working.
Jan 13 10:00 AM JOLTS - Job Openings Nov - NA NA 4.834M -
Jan 13 2:00 PM Treasury Budget Dec - $3.0B $3.0B +$53.2B -
Jan 14 7:00 AM MBA Mortgage Index 01/10 - NA NA 11.1% -
Jan 14 8:30 AM Retail Sales Dec - -0.2% 0.1% 0.7% -
Jan 14 8:30 AM Retail Sales ex-auto Dec - 0.0% 0.1% 0.5% -
Jan 14 8:30 AM Export Prices ex-ag. Dec - NA NA -1.2% -
Jan 14 8:30 AM Import Prices ex-oil Dec - NA NA -0.2% -
Jan 14 10:00 AM Business Inventories Nov - 0.4% 0.3% 0.2% -
Jan 14 10:30 AM Crude Inventories 01/10 - NA NA -3.062M -
Jan 14 2:00 PM Fed's Beige Book Jan - NA NA NA -
Jan 15 8:30 AM Initial Claims 01/10 - 295K 293K 294K -
Jan 15 8:30 AM Continuing Claims 01/03 - 2400K 2400K 2452K -
Jan 15 8:30 AM PPI Dec - -0.5% -0.4% -0.2% -
Jan 15 8:30 AM Core PPI Dec - 0.2% 0.1% 0.0% -
Jan 15 8:30 AM Empire Manufacturing Jan - 5.0 7.0 -3.6 -
Jan 15 10:00 AM Philadelphia Fed Jan - 10.0 19.0 24.3 24.5
Jan 15 10:30 AM Natural Gas Inventories 01/10 - NA NA -131 bcf -
Jan 16 8:30 AM CPI Dec - -0.4% -0.4% -0.3% -
Jan 16 8:30 AM Core CPI Dec - 0.1% 0.1% 0.1% -
Jan 16 9:15 AM Industrial Production Dec - -0.2% 0.0% 1.3% -
Jan 16 9:15 AM Capacity Utilization Dec - 79.8% 80.0% 80.1% -
Jan 16 9:55 AM Mich Sentiment Jan - 95.0 94.1 93.6 -
Jan 16 4:00 PM Net Long-Term TIC Flows Nov - NA NA -$1.4B -
Silver is the 2nd most useful commodity behind oil.
Has thousands of uses, modern industry depends on it.
It's in the computer device your using to type your post, and the servers that run this site.
There is only 5-10 years of silver left to mine.
Sentiment: Strong Buy
That's like Al Capone investigating himself..... It also reminds me of Sergeant Shultz's "I see nothing!"
the Gov and Fed is in cahoots with big banks to keep gold silver price down so the dollar looks rosy as a posy...and it's been working since 2012. "Too big to prosecute" is just like "Too big to fail" Crony capitalism combined with a broke funny-money socialist gov at its finest/worst. Free enterprise is dead...we have a socialist oligarchy now.
This is a bought deal, not an underwritten secondary. They have agreed on this price a while back. It is immediately accretive to production and delivery. This will increase the dividend as well in the near future. Bought deals are rare, and usually done further below the market than secondaries. It shows how willing Scotiabank was to take this whole piece on their books at this price and the fact that we were trading only 70c above the deal is remarkable. Any dip down here can be bought heavily, so I do not think the dip lasts as the SLW earnings need to be adjusted upwards throughout the future as they are receiving the updated production and delivery starting Jan.1 ,2015. Thus, first quarter and so on need to be adjusted upwards substantially as they are adding 20% or more Silver Equivalent ounces in 2015 than were expected. This accretion fully outweighs any dilution occurring. No one has obviously thought this through yet as it is being offered in the after market as if a secondary. Needless to say I have picked up as much as I can until the market opens tomorrow where further leverage can be deployed in the April call contracts.
All miners going to bounce hard and fast...way overblown sell off...metals barely down. Miners cut costs, fuel costs are low. Fed will never raise rates unless money velocity and real wages go up up up. Relax and buy.
It's cash flow, have you ever purchased an asset in your life for cash flow? Who wouldn't purchase something with an 11.5% ROI. This is how business works. This is their whole business model, you would rather they shut down? I don't understand your thinking other than maybe you are confused how finance works?
They are clearly thinking that gold will go much higher - and if they are right then this deal is going to look pretty sweet. If they are wrong then they will still recapture their investment with an income stream to boot.
I personally believe the price of silver is way too low right now but more downside is def a possibility….I think SLW will rebound along with the price of silver but who knows when that'll happen….might not be for a while but one thing is for sure…IT WILL HAPPEN.
There Are No "Tailwinds"
Submitted by Tyler Durden on 02/04/2015 - 12:16
The economy being talked about in the media just doesn’t exist, no matter how you view the unemployment rate. There is no spending because there is no income(marginally deficient). Instead, what we see is instability where these low levels of activity and true wealth creation persist. There are no “tailwinds” to be found here, only confusion about the relative state of progress. Going from really bad to less bad is not recovery, just another fact of an unstable economy plodding its way toward the next, and eventual, dislocation.