it knows very well that silver miners results in general are going to suffer this Q with silver this low,yet it bidded the price of SLW from 20 to 27 with silver flat last 3 months anyway...Why?because SLW costs are going down,the new projects are doing great and any pick up in silver prices will give massive leverage to SLW and other well run miners,the market is saying that miners have cleaned their acts ,improved their balance sheets,operaring costs and are ready to profit handsomely from higher silver prices....unless silver goes sub 15 ,slw is a great buy here for next few months..
Oh, girls, tried to warn all my POOR sweet gold and silver retail baggies so many times, as per the following usual genius post of mine.....but all you did was razz and mock your intellectual superior, again
It's option expiration week, girls, and here comes yet another COMPLETE WIPE OUT of ALL your gold and silver CALL OPTIONS, again!!!!
RELATIVE to its fast dying sector, in which most of the silver poopers have lost some 95% of market value over the past few years, SLW remains THE most obscene bubble that I've seen in all my years of expert trading! That there will be an imminent SLW CRASH is not subject to speculation, the only variable is "WHEN???"
As per my following post, placed on this BAGHOLDER message board many times, I tried to warn all my POOR sweet gold and silver retail baggies and SUCKERS, again, and please do enjoy the COMPLETE WIPE OUT of ALL your 2014-2015 gold/silver CALL OPTIONS, as per the gold/silver BEAR market norm:
WARNING: SLW mega bubble is undergoing yet another obvious and puny SCAM DEADCAT BOUNCE in order to hoodwink retail baggies into purchases of even more WORTHLESS SLW CALL options!!!
As I CORRECTLY warned all the amateur gold and silver baggies many times before, the FAILURE of smaller golds and and silvers (e.g. GPL, AXU, etc. etc.) to CONFIRM the BOGUS upmove in the SLW bubble CONFIRMS WITHOUT DOUBT that the SLW bubble is experiencing yet another PHONY DEADCAT BOUNCE-----because WITHOUT JUNIOR confirmation, historically, all such BOGUS gains in the SLW bubble have been nothing more than RAMP SCAMS by the gold and silver CALL WRITERS to dump gazillions of WORTHLESS gold and silver CALLS into the hands of baggies, again
“Indeed, there are already rumours in the market place that some big silver producers and consumers are preparing to pepper the market with orders.”
This creates the possibility of the short squeeze that many market participants and silver analysts have been expecting for some time.
The FT says that the uncertainty is “only to be expected” and the list of participants may simply be released Friday...
All that is clear is that the 117 year old silver fix is being replaced by a new “London Silver Price” with the handy acronym LSP.
The LSP is due to be administered on behalf of the LBMA by the CME Group and Thomson Reuters.
There is uncertainty as to whether the new price will be made publicly available through data providers, brokers etc.
Here is what the Bullion Desk had to say about the confusing situation:
The terms of the agreement state that the LSP should be equally available live for participating vendors With two days to go, it is far from clear that we – or other vendors – will be able to source the LSP and distribute it to our subscribers and data feed customers.
What we do know is that the LSP will be discovered through an electronic auction process. There will be no chairman; instead, the system algorithm will move the auction price up and down until buy and sell orders are matched to within a reasonable tolerance of 300,000 ounces.
There will be a wider number of participants than the old fix, although we do not who they will be."
In addition to the actual LSP price, it will theoretically be possible to follow the live auction process, observing net supply and demand at the various trial prices. Access to the LSP will initially be free but after
I could be wrong but I think the stuff hits the fan big picture and metals go on a tear. not too many thinking that silver goes to 50 again and at that price figure out the cash flow of SLW and then resulting stock price.
I have not read nor posted too much on Yahoo over the past several years and the tone of the posts here tonite reminds me of why.
Now look at CSCO tonight, or Deere, or KING or CAT or MCD or WMT or TGT or macys or IBM or AMZN and others. Sales are stinking up retail and without retail sales and good jobs this economy heads not a tailspin--good for metals.
AMZN is different--its buying market share and losing big dollars doing so--only surprise there is why over 2200 fund managers keep their positions.
we have no recovery, the country is broke, the banking system with its derivatives is in trouble and if that gets delayed further then house prices will drop causing more underwater mortgage problems. Or subprime auto loans will only help auto auctioneers.
watch dollar #$%$ out
Watch metals rise and see miners quadruple like in 2008-2011.
Lets not forget international chaos-or that Shanghai exchange is going to break the comex (people here do know what comex is, right , and teh frailities of comex? and Shanghai exch is running low on silver, or do people buy stock without knowing the fundamentals and technicals of stocks (see hui breaking out above 250 level if not this week then soon).
Sentiment: Strong Buy
This shouldn't be a shocker to anyone. Look at the average price of silver for the quarter. I'm not saying I expected a miss, but this was not an out of nowhere outcome. The question remains ... which way will silver go?
i shorted yesterday near high and covered on close today. did so as a spread against long uslv. think i will take a break, someone wake me up when the bull market resumes in silver.
It isn't like they are shutting down the place. If they want to decrease the dividend to make up for the price in silver drop, I am ok with that. Notes from the earnings:
Average realized sale price per silver equivalent ounce sold in Q2 2014 of $19.83 ( $19.81 per ounce of silver and $1,295 per ounce of gold), representing a decrease of 14% as compared to Q2 2013. - Yes, the price of silver was lower (this means cash will be lower also)
Cash operating margin1 in Q2 2014 of $15.11 per silver equivalent ounce compared with $18.28 in Q2 2013 & Average cash costs in Q2 2014 were $4.15 and $393 per ounce of silver and gold, respectively. On a silver equivalent basis, average cash costs decreased to $4.72 compared with $4.77 in Q2 2013.- Costs are reduced (that is good)
Bottom line: If you think the price of silver is going down? Don't invest here.
What happens tomorrow means everything to one and next to nothing to the other. For the day trader short seller already spending his profit, the announcement of a new stream deal or other positive development might might be an unwanted surprise. This is still the best silver play around IMHO.... I'm long term bullish silver of course.
They haven't got a clue how to manage a down period! I will stay long, but, it is going to be a while before I see a profit, here! Good investing longs!
hence, look forward a year or two not backward. Look at the shanghai silver shortage and the premium paid there for silver. I think things are about to move quickly for the overall economic situation. Look at retail sales today--economy not growing , and yesterdays jobs info said the ave earnings of new workers is down 23% from what it was in 2008.
Headed for another crisis situation.
not to mention what happens after the london fix is changed tomorrow.,
Right on....all these silver plays are missing....except Tahoe which declined anyway. Got out of AG early, thank goodness...
Not yet our time.
its interesting, but gdx and gdxj after hours are both up --this last qtr the price of silver tanked for a while and bounced in June--but perhaps more important since slw's silver is an offshoot of other minerals mined, perhaps with global economies slowing the different mines are seeing a slowdown. a higher silver price will solve this problem
Sentiment: Strong Buy
As a long term investor, today's numbers don't sway me too much... What I do find interesting is that compared to 2Q 2013, SLW produced 4% less silver, sold 4% more, lost 11% in revenue, all while the price of the metals was 14% lower. I'll run from this company when silver is trading sub $10 per oz and gold is trading at sub $700 per oz. Until that time, SLW 's fundamentals remain strong.
See how Mr. market treats them tomorrow. Down in after hours. My future expectations are not affected much by this, but a pullback is overdue.
Should have known they would miss based on AG's miss this morning. If you bought today, you deserve to lose the 6% you will lose tomorrow.