The market "mongrels" will always push the upside and the downside because they know they can .
Mob mentality and backed by some slick computer programming makes the difference between us and them .More than half of the people in the market know little to nothing about or actually do short the market or write an option against their stock or sell puts to acquire stock ...
All of what I have just written is the norm for most investors in the market .and put them at a definite disadvantage .
SirFrank,
Still, 'they' could push gold lower during summer 'doldrum' months...and miners would also languish or even fall more.
Right now, technicals show at least a bounce...from my point of view...for the precious metals miners that I'm trading. I've added shares (more than I hold as tiny core... and more than I intend to hold longer term) and I will sell promptly...since I do FEAR their manipulation.
Broader market is up due to false playing around with the economy, NOT due to underlying strength...which is being sapped
by wild and corrupt and often USELESS spending...giving to foreign countries who want to harm us and giving to companies that are clearly on the verge of bankruptcy...and losing that money for taxpayers...and also crony capitalism by the gov.
NOT TO MENTION, trillions upon trillions in FOOLISH debt that cannot be managed unless we change NOW...
debt that has been proven NOT TO HELP THE POOR or the middle class, but only the corrupt elite, including politicians who want to be re-elected...and their cronies.
Time to get some sanity in government. And ethics.
Peace Ethics Agape ~
no further capital investment in this country with stifled laugh- that snicker did it --sold my apogee lottery tickets bought for a nickle
Are you trying to do disco dance on my head
87 million shares a few months ago
Did you somehow forget that it used to have less than 50 mil shares and under wheeler went to a billion shares? They also paid twice as much for a property which had like half what they said and cost more than twice what they expected to develop. So in effect they spent more than the value of the company for a property that was worth far less.
Yes it was 300 20 years back. Now it is 13! Last 10 years they almost make 10 time revenue. It is very cheap. Good for grabbing this biggest silver company in us. You guys know solar panel use silver?
Does the Queen live on the jersey Shore and rock & rolls with dreams only ?
Oh Pete!
Not to worry silverfox. When THAT much of worth less&less Dollahs have been pumped into the market without distorting it beyond recognition .AND. PM's are on sale it can only mean one thing. There's the market equivalent of a super massive 'black hole' headed our way and when it gets close enough to cause noticeable distortion, PM's will go QUASAR. The math is jus' Way too complicated to explain☺
Vacaritas, your posts have been long appreciated and targeted for reading for some time now.
While lacking in professional investment skills there has been steady improvement in both learning and backing that up with buy/sell orders resulting in accumulating more shares. The nagging factors for this amateur speaks to issues like a world event such as a flair up in the Middle East; currency debasement to the point of a loss of consumer confidence in the currencies themselves; paper gold finally caving in to the law of supply and demand (physical demand and delivery are exploding); and, the psychology of panic which I believe is just under the surface for a high percentage of the investment world population. It seems to me seasonal factors and charting might well be thrown out the window with any one of let alone multiples of these potentially occurring. In this mind it's not a matter of "if" the PM market will explode it's when.
"CDE may even consider buying PGLC." Don't say this too loud, someone in management may hear you resulting in more dilution and instead of CDE recovering in 30 years it will take 50. Most of us will not live long enough to see this. Instead start hyping selling the company so we can get $2.50 to $3.00 bucks for our shares.
according to the report on lower department store sales...
doggone it anyway...where are the global warmers when they're needed?
they never missed a song and a dance and their hot air before...
once again, geo just doesn't understand how the media figures these things...
but, if seeBS or their kin say it, it must be true...
after all, I saw it on 60 shakes of the lamb's tale...
before it was sheared, of course...
happy trails,
geo
SPROTT, SPROTT, SPROTT.... doesn't have Coeur in his top 5 picks. What gives Eddie? The way you dropped his name around in the past you'd think Coeur should be Numeral Uno.
To me, that means funds/institutions are ready for this to move back to upside, possibly near term.
I trade 'additional shares' in order to protect gains, especially in volatile industries/stocks.
CDE is hugely oversold from a technical standpoint.
My concerns are about currencies, price of gold and silver in coming months, which tend to be 'summer doldrums' for the metals.
Not impossible there will be an upmove in metals and/or precious metals mining during the coming summer market correction, tho I'm cautious long miners, including CDE, to which I did add today. If miners look weak, I will sell the added shares, however, and hold my small core. I try to strategize to be able to add for bounce or swing trades when/if the possibility presents itself.
Not impossible we have seen the bottom for the miners, but neither is it certain. Dollar chart still too strong and euro may have been an interim upmove. Remains to be seen.
Peace
Strategies for Silver
Profit for Good Causes
Agape ~
I do believe there is long term potoential here.
Was tempted to add at 13.29 today, at least for a near term trade.
Some are saying gold may be smacked lower this summer...others saying buy only gold, not miners.
Personally think miners are hugely oversold, tho I'm still wary of the dollar interfering.
Today, UUP red, FXE did have a nice upside move.
Agape !
and know that they still intend to take over the earth...
by speaking with forked tongue...like two GS's whose lies we often encounter...
it is as good a rating system as any I have encountered hereabouts...
just another critter's opinion, of course...
geo
edmund...kirkland lake's price rebound writes the near-future story for
the rest of the sector, IMO...AND the importance of having a simple,
simply executed, currently sustainable, non-pretentious short term
plan in place...in a totally unpredictable future...somebody appreciates
such a game plan...to a degree, Osisko's price action tends to say the
same thing about that low grade deposit mining and tabling for now
the higher grade development of their recent Queenston purchase...
I do think La Preciosa will be a fine developed asset to Coeur if
Coeur makes all the right steps...timing and methods...along the
way....and I do expect silver prices to rise strongly in any kind of
reasonable expansionary world social order context...therefore, it
and Coeur's other developed assets should be in fine shape in
the not too distant future...
if I have neglected to respond on some of your other enthusiasms,
that relates to my not sharing them and to either or both that I do
not like any "it can't be done" responses and that my experience and
preconceptions may be so strong as to cause me to exhibit my
irascible attitudes where that would be inappropriate, even in my
eyes...if you have not discovered this yet, you eventually will find that
geologists are the most dogged and prejudiced creatures on this
planet...except for engineers...who rarely have capacity to dream
and imagine outside their framework (a jungle jim upon which
to play)...IMO...
that is partly meant to be "funny" in the Mark Twain sense of humor...
enjoy your afternoon-evening, edmund...
oh, I have reached new heights with my irascibility this morning...
up close and in person in two different encounters...
geo is on a roll...
According to CDE CEO recent presentation at a Wall Street conference Coeur d'Alene Rochester mine in Pershing county Nevada is one of their biggest assets and the company is looking to expand it. Bordering Rochester mine is the Relief canyon mine owned by Pershing Gold (PGLC). Seems like both companies can partner in sharing equipment, resources, and assets. CDE may even consider buying PGLC. With the price of gold off from recent peaks partnerships like this could happen more often.
Geo, I have followed both your and edmund's comments for some time now. My field of expertise is about as far from mining as one could get but I too zoomed in on the reprocessing tonnage mentioned in the release. In my mind this has been equivalent to hold silver ounces back waiting for prices to rise. The low cost of doing this ("the ore has already been crushed") portends massive profits at some point. While an unpopular view I believe CDE will become known as one of the premier precious metals stocks before this gold bull winds down.

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