what coins-not a bad idea-didn't hanagarne work for a zurich refinery--first majestic has one-i think coeur has more on its plate than retailing coins-
cerro bayo achieved record production of gold silver in 4th quarter 9,052oz gold and 1,021,000 ozs silver-coeur capital holds 2% life of mine nsr---
el gallo produced also 13,422 silver ozs-coeur capital is paid in gold equivalent oz's-so 2015 will produce 20,000oz silver--to be included to 50,000oz gold---
el gallo mine has seen record production 4th quarter 14,068 oz's gold and expects record year 2015 with guidance of 50,000 oz up 31%- coeur capital hold 3.5% nsr till 250,000oz gold, then life of mine 1%-
Geo, we've gone past the event horizon; it's too late to turn back. My only caveat is that although I chart historical price/vol data, my aim is to predict Mob Behavior - not a logical thing; but, predictable provided the mob is sufficiently large☺
The only thing certain, besides death and taxes, is that the Boogieman will sneak up and devour as many as possible☻
bob...of course, we operate with different interpretive "rules" of using past data (charts, if you will)
as "technical" predictors of future price actions...versus fundamental model rules, for instance-which
are a whole 'nother topic...just as it seems to me that folks with engineering mentality tend to
operate inside "normal" and known areas while scientists tend to research and test in the areas
of unknown...where the anomalies are...where the discontinuities exist...
many of us sense that our social and monetary world is operating at the edge where "black swan"
events seem more likely...even if we all "believed" in the same chart interpretation rules...it seems
to me that many of us would not trust the effectivity of those in and crossing the domain change
boundary...or we could probably hope for a smooth transition...
"are we there yet, daddy?"
good luck when we breach that event horizon...
Ed, I've noticed that you've said Zilch about your friend's 'black box'. But, never mind; the 10yr chart says it all. 'Black Swan', 'Anomaly', 'Vortex' - whatever. There's "SOMETHING" coming and it AIN'T pretty. Not laughing!!!
hey bobby-i hope you notice how many times i have said pm's dictate and i am essentially on sidelines doesn't mean i don't like what is happening under the hood.-snb-ecb equals black swan?
Geo, 10yr chart indicates gold still in down-trend and King DOLLAH says 'Resistance Is Futile!!!'
the games THEY play...set interest rates to the public at 1% and to the companies that build things at
9% through the banksters...letting there be 8% slosh for those middle men to derivatize...and the
mess that follows is too tough to untangle...
NEVER let authority set value and pricing when free market associations and negotiations without
middle men has always done the job better...IMO...
these huge events happen when reality eventually forces them...but the timing is rarely predictable...
feedback loops work great when their amplitude and periodicity are both relatively small/short....
may the resultant tsunami from BIG powerful controls blow the gatekeepers into oblivion
and individuals and their own actions become the normal in a free marketplace once again...
may that happen doubly for an individual's management of his own health...no need for middle
men managing that...IMO...it is a whole lifestyle situation...for which there is either freedom or
slavery...and today's path is definitely toward slavery...
did anyone see oil dropping 50%,did anyone see snb,what's next that you can't see-what after shocks will happen after snb toasted funds and positions anchored by franc-volatility is what to expect and cheap energy cuts both ways-
there is so much going on with coeur building and exploring at palmarejo along with rochestor permitting and expansion and bringing jualin deposit on with a tunnel- all this comes together in 2016 as palmarejo's royalty minimum and price changes-clueless as to future cap ex-i like the moves made but in the end with dilution and its continual evolution of 3 mines and preciosa-will coeur ever start paying dividend--getting rasmussen through alliances looking to find its own deposit to bring forward makes sense, they are tired of putting out 100,s of millions for projects,--or if another accretive turn key operation opens up for merger, then someday we may get a dividend policy when metals turn around for next cycle-
geo-snb move seems to have lit the fire and ecb money printing might be gasoline for gold market .will central banks all go running to gold at this point and overwhelm manipulation.This week could be volatile with silver and miners being used to control or hedge.I think i will take a punt cde.hl.or ruby-- hl bought gold mine,ssri bought a gold mine,cde bought a gold mine and tasked rasmussen to find gold .obviously they sought safety, value and balance or with their info and connections shifted focus.Ionly wish coeur had bought a mine with exploration upside like marigold vs wharf but low price and immediately accretive is hard to find-i thought my response rather vague on cde-but if silver gold recovers and resumes uptrend and with momentum,the flimsy resistance levels on charts will be worthless as shorts cover.But the cross currents of dilution counter balanced by assets and efficiencies with lower fuel in a flat market and it's debt service are a concern--this should be a fun week-
"short" = not tall .... regardless being "long" English words allow puns and
also mis-communications... and ... sometimes clarification is requisite ...
IMO...in stocks..."short" is a bet upon failure...and carries negative energy...
regardless of entropy, physics, and nature...apparently...
hoping for the best,
just my opinion...gold price low probably in rear view mirror now...silver and palladium price could
drop lower...most base metals will drop into low next couple quarters...platinum likely rise now behind
gold...precious metal miners can still be heavily manipulated...if invested in that minefield will need
to have and act on personal game plan...greed and fear are really dangerous this year...
those companies that are opening new mines need to be able to do that without selling out the
full value of their deposit to the guys offering capital and taking the reward out of the risk the
early investors took...and as well taking future return from those who might think to invest in
a company whose future would initially appear to be excellent...
lots of potential upside for many still standing this year, IMO...
but ... no slam dunk for we short guys ... Rule has the jump on the gold...
hl has two beautiful long life mines along with it's canadian gold and love the fact they have gone back to sebastion and rediscovered high grade-really hi grade-as to location after argentina exposure and,all that bolivian stuff with berts and mexican and the recent royalty raise on tahoe mine-im not naive enough to believe that these mines in usa could not face tax rises but its still the usa- -learned that north american criteria from you-way back-
geo-as you know i have taken to sidelines due to pm prices,it was easy making broad statements using if and when metals recover and how much.You pose much more difficult questions.This quarter will be telling in the cost area and how much coeur loses at low metals prices.HL stated its cash position almost unchanged and that is after a massive capex program and they have sold forward lead and zinc to cover expenses . They have grade they can play with.Dilution of 32 mill shares was a necessity to secure palmarejo future and wharf purchase another defensive move..This is a shoot from the hip responce -need some time---Still waiting for silver to confirm, after all this could just be january effect.