And provided price of gold stays around $1200 the company is currently trading at forward P/E of under 4.
bottom line in my opinion is if the jobs report this week is good, they will raise in June, if not so good, they won't raise. Last time they raised, Gss went up over 100 percent, so I hope they do raise interest rates not only in June, but on a steady basis.
More BS from YOU, par norm. Shameful that all of you who _think_ that way are so clueless.
Since you're all so great with your conspiracy theorizing, why have you not thought of this. The Fed loves the banks and wants them to make more profit. Wall Street loves banks and financials and needs the sector kicking into rally gear to power the market into the 2100s on the S&P. How to achieve these goals? :-D TADA! Raise them rates! Faaaaaa Kyoo and the "don't Dare raise" hollow mindset.
Hmmm, isn't it weird how it's Never "drivel; rambling blah-blah-blah; meaningless bs" whenever any bull posts a few paragraphs, even when one's Technical Analysis topic contained NOTHING regarding actual technical analysis? LoL The cheerlead that $0.66 was the floor for "the next leg up" trampoline had a big hole in it instead, so we Cannot express any Humility, of course! Just a lot of gripes over "Waaaa, THA_CRIMEX!" Ha ha ha ha ha, never a _Crimex_ to blame on the Rallies which occur, strangely. But when the website maniacs fill the tailpipes of the corvette pipedreamers of the world, out come the chronic conspiracy complaints! Those, along with the usual assurances that "once gold resumes its runup past $1300, GSS will FLY!"
HEY, VETTE! We were told that same line at $400, and then at $500 and every $100 higher that Every PM stock would go zooming without looking back. I'm so scared with each new, higher warning! I'm so worried but thankfully there's always a fresh round of "necessary capital" to be raised! Debt is never a bad thing, in bulls' eyes. It gives 'em "PLENTY o' leeway!" Then, a few months later, Dilution. :-) ANOTHER great thing...Never, ever bad according to bulls. I think the company should just stop being so conservative. How about a 100% dilution all at once and get it all outta the way for a few years? Half a billion shares outstanding sounds logical and reasonable. In the meantime though, can you give those who clamor over your hyperbole anything REAL regarding TA? Hlle, even if it is something as basic as how the stock had gotten Way overspeculated, began missing me badly, thus it's naturally returning again to...
They do not dare raise interest rates. They are firing an empty cannon
Sentiment: Strong Buy
Gold settled down Friday for its eighth consecutive day following comments from Fed Chair Janet Yellen that highlight the prospect of a rate hike in the next few months.
In a conversation with Gregory Mankiw a macroeconomist at Harvard University, Yellen said that if the U.S. economic growth continues to build momentum, it could be appropriate to raise interest rates in the coming months.
In initial reaction to Yellen’s comments, gold prices fell to a session low at $1,209.50 an ounce and managed to settle the week slightly higher at $1,213.80 an ounce, down $8.60 on the day.
Yellen’s comments caused markets to raise expectations for a June interest rate hike; CME 30-day Fed Fund futures are now pricing in a 33.8% chance of a move next month. At the same time markets are pricing in a 47.7% chance of a move in July.
Although Yellen noted that the U.S. economy still faces some challenges, she was optimistic that it will continue to grow. She was particularly optimistic on the labor market
“By almost any measure, we are close to our full employment goal,” she said.
On inflation, she said that although a stronger U.S. dollar and weaker energy prices have kept price pressures well below the central bank’s 2% target, markets are starting to stabilize and inflation is expected to pick up in the next few years.
The one downside Yellen highlighted for the U.S. economy is the nation’s productivity, which has average about 0.5% a year within the last five years.
“That is a very miserable pace by any standard,” she said.
Yellen also closed the door on the idea that if the U.S. does experience an economic shock the central bank would introduce negative interest rates. She noted that with interest rates at low levels, the fed doesn’t have the scope to use traditional tools; however she added that if the country were to experience a negative shock they would use other tools like their bond purchase, instead of negative interest rates.
“[Negative interest rates are] not something we are thinking a great day about now,” she said.
Yellen was at Harvard to receive the Radcliffe Medal, which is awarded to a person who has made a significant impact on society.
By Neils Christensen of Kitco News
Sentiment: Strong Buy
Yeah, the commercials have been merciless with their algos and the longs have thrown in the towel for the time being. I think they could drive it to 1200 today on low volume while everyone is away. That's how they role. Do the same thing during xmas.
Doesn't matter what she says. Volume is weak, and the cartel wants an 11 handle to get the major capitulation they are looking for. Only then, will they start to cover.
Of course. The message I would like to transmit is that of cash preservation. One shouldn't be afraid of selling and profit taking nor buying at higher levels, as long as the trend is upwards. Why take the ride down if it isn't necessary... Now, if super bullish news for gold suddenly appears, then I just buy back and ride the sentiment.
I figure that there are long term investors here and that's fine... just no need to fall in love with a company... in the end, we are here to make money. Anyways, as you say, your money, your call.
For the love of your trading account, don’t waste another minute. Google or bing or yahoo UltimateStockAlerts and you’ll get a wining trade idea
You have DB offering 5% yield in its belgian subsidary. But I wouldn't touch DB with a 12 foot pole even...
By the way, sold my GSS on 0.5370 y-day... Looks very shaky now with gold under 1220. Think an attack on 1200 might be imminent. In again after this new shake-out ends. ...or if GSS breaks upwards...
Yeah, I "wasn't born then," yet in '02, seeing, err "Bashing" DROOY then after its rhino horn runup from $1s to $5s. Were you caught up in the rapture there, or did you foresee it giving back the speculative junk's rally? All the bulls there were sure it could only go higher as gold was set to soar from ~$400 and bears/shorties/Bashers were going to be slaughtered!
Whoops, their supposedly "great fundamentals" the bulls all thought the company had, proved to be bs since mgmt was a farce, scamming and shearing shareholders at every corner as the imploded, Then they 1-for-10'd the stock, and the turrrd kept imploding! Sheesh, it was just $1 and change only a few months ago, right as "gold's gone soaring" from $400 to $1200! Strong stock, that good ol' DRD, huh!!! Why, it too like GSS had about jumped about fourfold from its all-time record low prices! Remarkable performance. Always "explosive power kegs" to watch for, decisively demonstrative of group leadership! LoL Too funny.
Another common trait of DRD and GSS is, well, "they're as fully diluted now as they'll Ever need to be," what, since 2001?!?! Bwahaha. YEAH!!! How's (y)our newest, _unexpected_ 15% shaving treating the Brave Comrades? :-D Very kind and well thought planning by mgmt. And how's this for T/A on the stock?
We all here keep driveling while GSS goes dribbling around...
I am in banking, and I suspect we may never see 5% yields again (at least on demand instruments or short-term time instruments). I don't believe the short end of the yield curve of around 4.5% will ever be tolerated again. Borrowers have gotten used to the low borrowing rates and I suspect our economy will ever be back to 2007 levels (at least not in my lifetime). Maybe will see those yields on the long end (for those who are willing to tie up money for longer periods). JMO
When you can walk into any bank and get a 5% yield again.
On a separate note, it's amazing the crookery that goes on around opEx. The cartel doesn't even try to hide their shenanigans anymore. The day when physical demand overruns the cartel and they have to cover their massive shorts will be a thing of beauty.