Yeah, i like AG, like EXK more, but AG is good too.
See we are down a bit today, will try to buy 1k more shares of EXK next week, and will try to slowly accumulate more CRCUF on weakness. Gold is hanging in there today. It's not all bad. GLTA
yeah, AG is a strong company, they are aggressively growing their production profile, AG just got another silver mine the other day in a friendly deal with SVLC, they got a lot of debt, but their approach should pay off if gold and silver march higher, don't think they will go much lower, anyway my favorite is EXK, but AG seems good too
speaking of gold and silver marching higher, gold is flirting right now with $1100, and silver with $15
another prospect is PVG, they just got a regulatory nod today to go ahead with their Brucejack project, it is going to start production in 2017, they got really capable management like CRCUF, that's one reason some companies are worth buying even they aren't producing JMO GLTA
Agree williams that producers are usually the ones of value, but now always.
CRCUF is holding up at least as well as MEAOF,
PZG has held up better than EXK,
PVG is doing better than almost every stock in the sector.
Thinking we have probably formed a bottom in gold here, and silver as well. The $1080 level held in gold, and some folks things that's huge. Read where Dr Martin Armstrong is forecasting a 2-week bounce in gold prices followed by a breakout to $5000 plus in 2016 (his prediction).
2016 will follow 2015 (my prediction).
Now Armstrong predicts the world financial markets will enter into a deflationary debt crisis of unimaginable dimensions. We shall see. He forecast the 2011 breakout, and the current pull-back in gold price, all over 5 years ago.
I like EXK a lot better than AG here, EXK will grow organically in massive ways, AG has grown there debt in massive ways. If silver prices bounce back big then it will pay off for AG. I'm just more conservative.
and others with deeper pockets are out to grab them..I think SVLC should have gotten a better deal but the little guys are always acquired by the one's with deeper pockets.
T is a good way to give back dog.$900 gold today would be like 300 when Clinton was in office so in a way it would be a 100% retracement.Man o man are the metals out of favor.I'AM loading up on AG,have not bought any gold yet or miners but that is coming real soon,let em push it down it wont last forever,and I will be very prepared next bull run,I'am starting to be a huge Silver Bull, it is just too widely used and never been recycled as you know,glad all is well C.Dog and congrats on that teaching endeavor,good way to give back to the community.Take care budroe.
yeah williams, CANARC is a bit speculative for sure, used to have 300000 shares of this stock, now only got around 40000 shares, don't usually invest in companies like this one, but CRCUF has nice properties, great management, and they finally are working on a couple of deals they closed
hey Denny, aka justemailfie, nice to hear from you, i don't see gold and silver dropping much from here, sentiment is about as low as it can go, think that is characteristic of a bottom. In 2008-9, silver got down to $9, and gold down to something like $700, this time around they will not go that low, and the future highs will be higher too this time around.
Sentiment can change in a hurry, and this sector will get hot again, it's hotter in the rest of the world. We are not the leaders of everything here in the US. The dollar is super strong compared to other currencies, but our appreciation of PMs is tempered as a result. We also suck at chess compared to poorer countries.
yeah, i like EXK a lot too, never saw it getting under $1.30, it bounced back from that already, it's cheaper today than when I first bought the stock in 2009, think it has a lot of potential, lots more than it had in 2009, lots more ASM, GPL, or AUNFF.
Starting back at teaching high school math to inner-city kids in a couple of weeks. Some of them are a mess but they have as much to teach me as I have to teach them. It's a black high school and I am an old white guy, but somehow it's a good fit. Didn't have a close black friend until about 12 years ago, now really close black friends don't seem black, whatever that means. GLTA
Cdog, stick to the producers like STADF, ASM, KLNDF and SVLC...all four have had recent good production reports...I'm anxiously awaiting their ER's in a month or so.
Hey dog long time,this is (justemailfie)I got locked out of that email acc.had it since 1999.started using this one about a year ago.Thx for posting these jrs.you have been good about that over the years.It is getting real close to be loading up on these way out of favor companys,glad to see Canarc has got some coals in the fire,can not believe EXK is sitting at 2 bucks.I have been buying up silver alot lately,got a feeling is is going alot lower,I hope it does not take as long as last time to come back,I know you remember, top in 1980 and did not gain traction for 20 years.With all these industrial applications something is not adding up.Next time I doubt it will stop at 48.00 the million $ question is when.All I know if it goes to the13s I will start really adding,if they push it to the 10$ range(PAWN THE HOUSE) I will be holding a boatload that would be less then half AIC To get it out of the ground.Good to see ya hope all is well.Denny
hey williams, glad i could help, hope it works out for you, need to pick up some STADF shares myself, my next purchases will probably be some STADF and some more CRCUF and also need some more MEAOF; it's like you said, these companies are priced like they are all going under, but there will be some survivors
the Canadian dollar is only worth 76 US cents and the price of oil is only worth $48 dollars a barrel..that should reduce the production costs for this Canadian miner..I picked up some STADF today for 19 cents a share..thanks again...STADF is a heck of a bargain..buy all you can.
Dog, glad you mentioned STADF, their mines are in Canada and they have a very good production report...I do think it is a buy at this time..I picked up some more of ASM today at 92 cents..it is a producer and I think it is a good buy at these low, low prices...I will pick up some more STADF later in the day..remember, things in the market swing from the positive to the negative and the buy low, sell high is still the way to go...most of the miners are priced like they are all going bankrupt..some of them will but the low cost producers are bargains IMHO
yeah, wish i had some dry powder
bought a few shares of CLGRF yesterday for my nephew's kid, maybe should have bought STADF instead
got some EXK and CRCUF for the little guy, didn't want to chase to get him more CANARC
The sell-off in gold the other day was when unidentified entities dumped 500 million in gold contracts in 4 seconds,with the price drop purchases of physical gold are surging, it's not all bad, in fact, it could be much much worse, and thinking it probably will get much much worse
i remember reading that the ex fed chair Volker said that his biggest regret is that he let the price of gold and silver rise under his watch, that is not the case today
The fed can do a lot, but they can't make gold out of thin air,
and they can't change the laws of supply and demand
tough days for gold and silver bugs
wish I could afford to buy something
hey dog, if you like Mexico, you will like ASM, they just put out a good production report..check them out.
hey williams, you are quite the contrarian investor to be buying gold miners here
if you can stomach being long Metanor shares that says a lot...
KLNDF has a lot of debt, lot of cash too, but it seems expensive to me. It has a price to sales ratio over well over 2. It's operations are in Nevada, which is OK, prefer Canada and Mexico, but Nevada is OK. I like EXK a lot more than KLNDX, it's cheaper, has higher revenues, lower debt, and I like the EXK management. Picked up 500 more shares of CRCUF earlier today for ,0376, still trying to buy 4000 more on a GTC buy order for my one year old nephew. GLTA
dog, KLNDF just released a very good production report today..read up on it...yes, the sector is down but there are gems to be found and now the wheat is being separated from the chaff.
Yes, the sector is toxic, but this is still where my comfort level is.
I like CRCUF and EXK, and placed orders today to buy more shares of each.
OK, I'm stubborn, but folks have hoarded gold and silver for thousands of years.
I like EXK and CRCUF because of their management teams.
Folks still hoard gold and silver, so do countries like Russia and China,
and I think the Chinese have a lot more gold than they admit.
China doesn't export any ounces, they only import, and they are the largest gold producer.
Last few years it's been better to stack US fiat dollars than PM bullion,
but over the long term PMs have outperformed.
Fiat may do better for another year or two, but the dollar can go to zero.
Gold and silver will not go to zero.
Will start teaching again early next month.
So I won't be able to follow the markets as closely,
That's not a bad thing.
Priducer or not the entire sector is toxic
Yes I think that they can put the financing together as long as prices don't drop dramatically from here. The PM sector is really beat up right now. I think PM prices rebound in the near future. CRCUF is a survivor. We are fortunate to have great potential properties and, in my opinion, a great management team for such a small stock venture.....one of the reasons for optimism.
Most of us here would envy an entry point of $.04. I'm buying still at $.035. I think we see a high probability of a double or triple in the next 3 months, but this is still a high flyer. I see worst case, we go down to $.03 with a 70% probability we triple.
Good luck with your investments.