AMGOLD Corporation (IAG) recently announced its fourth quarter and full year 2013 earnings, which show a downside with regards to the revenue. The company reported a 21% decline in revenues during 2013 (compared to 2012). This might have been due to the dive of gold prices during the year as IAG reported a decrease in average realized gold price, which was at $1399, a 16% reduction on the realized price in 2012. Furthermore, all-in-sustaining costs increased by 16% during the year as well, landing at $1,232 per ounce.
Gold longs should not sweat the small stuff.... the ups and downs... the Crimea and the China situation... be in it for the long haul... as we slowly but surely climb to $2,000..... if we see dips along the way even more opportunity to accumulate the physical. The fickle stock market is destined for a crash, the irrationality of companies selling for billions that are not really making profits, and the craziness of the printing presses around the world.. The US economy is not in recovery mode... ask your average American... and nothing has changed since 2008. Gold manipulation is finally being addressed, and the USA is to hit $20 trillion in debt by 2016. One bump in the interest rates on this debt and we are screwed.. the USA is living on borrowed time, and borrowed money. We slap ourselves on the back for tapering, but are still printing $65 billion a month... that is a **** of a lot of paper.... history is on the side of the gold long. Good luck to all.
Sentiment: Strong Buy
Are you insane? The market is down and gold is up today.
You can't fix stupid, but the world is full of stupid people. Stupid people are every where, even on message boards. As stupid people keep buying PUTs on the GLD the stupid people will keep losing their money. Gold bottomed at just under $1200, now it's upward on onward.
Sentiment: Strong Buy
All the key gold and silver indicators I've followed over the years look awful today, clearly failing as "flight to safety" vehicles.....from the graveyard juniors to the pathetic bullion funds.....and of course, that forever terrible GLD, struggling for a 0.5% gain.
No matter how gold and silver pumpers wish to spin it, the graveyard golds and silvers are ALL effectively worthless, failing time and time again to provide "flight to safety" during financial turmoil, currency upheaval, wars, etc. The graveyard golds and silvers once may have served such a purpose but today, NO chance in hell, and to reiterate, that makes them ALL effectively worthless.
As the world debt climbs over a 100 trillion dollars and China is weakening this will send gold and silver both to new highs!! Just be patient, it's coming!! No one wants this to happen but our Govt and Govts around the world will force it!! The idiots holding paper and ponzi schemes like Bitcoin will pay the ultimate price!!
Rabbi Comforter, how are things working for you in smelly old BagelTown and KosherVille?
Bottom Line: your beloved useless golds and silvers are FAILING again as "flight to safety" assets during another brief DOW and NASDAQ slide, solely designed to sucker more fools like YOU to buy even more ultimately worthless gold and silver calls, while purchasing even more ultimately worthless DOW and NASDAQ puts.
Last I looked, the key gold/silver indicators I follow look terrible...junior golds and silvers like RIC and AXU struggling for the usual puny PENNY gains.....the bullion funds looking very weak...and of course this forever pathetic GLD joke, attempting to gain LESS than a 1% blip.
THAT is NOT "flight to safety, " now is it, and proves without doubt that these graveyard golds and silvers are ALL effectively worthless today.
You bashed me because the truth hurts...
STEIND JOIN US LINGS & YOU WILL FEEL LOTS BETTER !!!!!!!!