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Goldcorp Inc. Message Board

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  • Reply to

    gld short interest at all time highs

    by poindexter_david Aug 9, 2015 7:04 PM

    You read my mind brother. The big banks are net long per commitment of traders report, while the sheep are short. Even at risk of pizzing off their overlords at the Fed, the big boys can't resist a juicy short squeeze and take the sheep to the slaughter. Got to keep those earnings nice and high while the big banks play with a stacked deck in commodities. Notice the algo's pushing it UP today for a change ?

  • Reply to

    Gold and GG off to the races

    by cornoit Aug 10, 2015 11:47 AM

    Appreciate the encouragement! Interesting to hear even Gartman talking about the looks of a "technical reversal"; Said he'd be a buyer if it "holds above $1,100 in one month, in US-denominated terms". 'Tis the season too, or getting near to the traditional Sept. bump. I'm just looking to recover losses before I get even remotely giddy! Again,...we'll see!

  • Reply to

    Gold and GG off to the races

    by cornoit Aug 10, 2015 11:47 AM

    also forgot to add - India wedding season coming up soon. check

  • Reply to

    Gold and GG off to the races

    by cornoit Aug 10, 2015 11:47 AM

    think about it:

    * capitulation - check
    * 105 area on HUI held - check
    * Big banks - net long, specs - net short - check
    * Gold hated by retail investors - check

    Sounds like a perfect storm for a massive short squeeze to the 150 area resistance, and a nice payday for the big banks. Especially since the easy money has already been made on the long side of other equities, squeeze on eneergy plays, etc.

  • Reply to

    Gold and GG off to the races

    by cornoit Aug 10, 2015 11:47 AM

    Thank you for your well thought out comments, American chariot.
    You must remember this: gold has always been very speculative and it is also used as a hedge, in addition to being a material used in industry, jewelry and luxury items.
    Since it made a rapid ascent from 800 to 1200 and then 1800, people would love for it to fall back to 800, so that they can get in cheap. But it's not going to happen. Adjusted for inflation, gold should have been much higher than 1800. I think that the price of gold has risen less than the basket of good that was paid to the Indians in exchange for Manhattan island.
    But I must say this: gold, unlike the produce in that basket, is available in finite quantities and it gets harder and harder to uncover. With an average production price of 850, given that it rarifies over time, while maintaining its properties very well, it should rise above the price of inflation and should under normal circumstances trade at least at 50-65% above cost. That should give us a comfortable trading range of 1300 to 1400 $US, in a no-inflationary environment. Add to that the hedge and speculation factors and we could easily drift back to 1800 soon.
    Best regards. Gold, as many other things in the financial and commodities markets is a LT game.
    GG closed above 14.35, with the sector index tagging on 7.75% today alone.
    We could recoup last month's losses within a matter of days. The drop was an anomaly because of the ill-founded rumors trending gold toward 850 or below. False prophets, my friend. Sorry you feel let down by the news. Just stick to your gut and figure out the economics behind the numbers.
    Cheers

  • Reply to

    Goldcrap a 14.00 stock Single digits by Sept!

    by lex_luther4 Jul 17, 2015 10:24 AM

    ANOTHER obvious PUNY PATHETIC DEADCAT BURP!!! Smarter pros continue to load the boat with in the money PUTS aimed against all these ZERO VALUE gold/silver JOKES!!!

  • Last week, the imf issued a memo recommending that inclusion of the remimbi in the SDR be delayed by at least one year.

    A major insult! Especially considering China has largely cooperated with market manipulations, e.g. gold

    Yet, gold and PM stocks have trended nicely up since then. AM I onto something here?

  • Reply to

    Gold and GG off to the races

    by cornoit Aug 10, 2015 11:47 AM

    I've been so "jaded and dragged-through-the-mud", that I find it hard to believe...not holding my breath, and 'we'll see". GLTA!

    PS: The one thing I do wish, that there wasn't such extreme negativism and nihilism with the gold trade. I've rarely encountered a more vile, hate-filled sector to invest than in the gold sphere; So much so, I'll just be glad when this is all over. How gold ever got to be so dissed, so tarnished, so "sinister" is beyond me; And even as it has fallen from $1,800, then $1,700, then $1,600, then $1,500, then $1,400, then $1,300, then $1,200, and finally below $1,100, and at this level, I've never seen more "bearish-and-brutish calling for $350 gold and the worthlessness of this precious metal". You'd think such nay-saying would be called-for at every other price-point north of where we are, not some 80% below its high back in Sept of 2011 when it was $1,900 In fact, the lower it has fallen, the more vile and repressed is it prediction for utter collapse. I can't understand such non-sense. Yes, calls for a huge fall at $1,900, but at $1,100, seems immature, backward-thinking and as if a "horde-and-crowd of animals is making brutish bets".

    I will say, the industry is largely to blame for its malaise, for if you can only make money only at $1,300 POG, then it's kind-of a crap industry in need of washing-out. I'd say, with most of the easy-gold already mined for the pickings, and with massive Central Bank money printing, that $1k pog, and these companies should be able to make good $$$ The only company I know with this philosophy is GOLD, and they are even shooting for a $800 environment. Good for them!

    It has been a learning process for me, and my advice would be to "never bet on big downfall for your investment to make good"; Such may or may not happen. Rather, ask yourself rationally, with your investment in gold, what's a decent, non-emotional POG-pricing for my Co. to really be able to make good $$$ It needs to be $1-1.2k

  • I think July marked a solid bottom with Gold finding support around 1080. Shot term rebound could lead to 1200. I think it's a given, based on the August track record for Gold over the past 10 years. If it can hold that level and slowly inch toward 1300 by the following month, we could rapidly recover to 1800 and see new highs within 18 to 24 months.
    James Paulsen called the end of the bottom cycle for commodities, recently. This morning, it seems he may be right

  • bu and hold. imo

    Sentiment: Buy

  • And now this FILTH is 13.00 and 100% CERTAIN to PANIC SELL CRASH toward 2.00 or LOWER well before year's end, on a fast ride toward ZERO!!!

    REASON: ALL these sick pathetic golds/silvers FAILED completely as "flight to safety" during financial storms and international crises, proving WITHOUT DOUBT that they are WORTHLESS WORTHLESS!!!

  • Reply to

    Um, gold miners have bottomed so...

    by retailbaloon Aug 4, 2015 1:37 PM
    heitmann@rogers.com heitmann Aug 8, 2015 1:06 PM Flag

    Your second para was the most interesting as you said "frankly, there are lots of over-priced equities" and you are correct. These other over-priced equities are the ones that people luv to buy to follow the trend at top prices. (Equities seem to be the only thing that people like to pay lots for and yet dump bargains.) These same over-priced equities tend to be supported by the money available from sold gold equities. Well, that now is about to reverse itself. One would have thought that with the recent 2008 crash that people would have learned to buy cheap and at the bottom. Sadly people do not seem to learn. That just means that we can hang on for a long ride as people will start to buy the trend soon again upwards. If one does not have the fortitude to buy, at least do not sell

    Sentiment: Strong Buy

  • You need to seriously look into AwesomeStocks...they have been delivering winner after winner for me and its nasdaq/nyse only, no pennies so it seems to be more legit then the rest of those fly by night newsletters. Check them out now.

  • And now this FILTH is 13.00 and 100% CERTAIN to PANIC SELL CRASH toward 2.00 or LOWER well before year's end, on a fast ride toward ZERO!!!

    REASON: ALL these sick pathetic golds/silvers FAILED completely as "flight to safety" during financial storms and international crises, proving WITHOUT DOUBT that they are WORTHLESS WORTHLESS!!!

  • to satisfy the bears?
    Will AU be able to resist the pull?
    If RISK-OFF fears becomes reality
    it just might decouple

  • advances to 110 bps, a new 52 week hi
    all risk solely in the oil patch?
    what no contagion?
    no counter party risk?
    no kidding!

  • I guess "lex_fraud", "ben_greedy1", "wild_gold" and their hundreds of other aliases have enough nickels per post they can actually retire now.....TOO FUNNY

  • Reply to

    Um, gold miners have bottomed so...

    by retailbaloon Aug 4, 2015 1:37 PM

    no love on my DISNEY ER/CC reaction two das ago hmmm? Puts purchased at the correct strike would have resulted in 1000%+ gains overnight... but that's the best part about residing in the lonely "minority" in the world of finance/markets -- your profits -- should you realize them -- are yours and yours alone, one needn't rely on greater fools to inflate assets in order to enjoy gains.

    Folks who have been loading generationally discounted miners and GG more specifically over the past two weeks are definitely in the contrarian "minority" as it were, our day will come, and until then we can collect a decent dividend and be paid to simply "wait".

  • Reply to

    Um, gold miners have bottomed so...

    by retailbaloon Aug 4, 2015 1:37 PM

    clearly you do not, so I have made my call regarding GG specifically and the mining sector in general. If I am wrong, feel free to chronicle my "folly" and definitely illustrate the flaw(s) in my line of rationale.

    Lastly, save the "silly" glosses or those that actually need the comeuppance, perhaps those who feverishly post bull messages on the TSLA message board need a wake up call -- or maybe focus on those folks tirelessly defending equities in the bubble we affectionately still call the 'social media sector' of our fake economy.

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