When asked about the mining shares, Embry responded, “The mining shares seem to get worse and worse. There has been a lot of algorithm trading, there has been a lot of naked shorting and the natural buyers have been absolutely devastated.
The ones that are holding on to the shares feel sick and the other people can’t stand it anymore, they are selling. The fact is these things are reaching valuation levels like they were back in 2008. That was during a liquidity driven event. This most assuredly isn’t liquidity driven. This is short selling and sentiment driven.
When gold and silver perform the way I believe they will, which is to go up dramatically, the bounce-back in these mining stocks is going to be something to behold. Yesterday, when the mining shares were under pressure, somebody pointed out to me that Newmont Mining basically traded down to a 3% yield.
Now think about that. The US’s largest gold company trading at a higher yield than a 10-Year Treasury. That is amazing. This is just the nature of markets. As the old saying goes, ‘Markets can remain irrational longer than you can remain solvent.’ We are seeing a classic example of that right here.”
jng i am surprised you are getting so many ratings jng it shows that shorts are monitoring the boards they just wont post anymore but have a lot of alt accounts.
their mentality is that of a child with nothing to argue so they just sit back and send their trolls with 1 liners.
mean while they go behind the scenes and borrow money from the fed to short.
Largest primary producer of silver in China, we have here, huh? Cool. With China slowing rapidly and leading indicators continuing to point southward, what a great time for shareholders to lock on tightfistedly and/or to keep adding with an accumulation strategy.
Let's seeeee...of various "industrial metals" to invest in, where ought one go with so much potential in this multi-decade commodities, secular mega-bull market? A steel stock? Coal? Ah! No, nothing better than a (perceived to be) precious metals investment...and one paying a decent dividend to boot? :-D
And, one which is sliding, now in a 15-month downtrend that has seen ~60% of its peak market capitalization coming right into the tooth of recessionary's grip?
HURRY, HURRY, LADIES AND GENTLEMEN, HURRY AND PURCHASE THESE "BARGAIN CELLAR" SHARES OF SILVERCORP METALS STOCK WHILE IT'S AVAILABLE STILL IN THE $5s!!! NOTHING BETTER THAN BEING LOADED TO THE HILT, AVERAGED DOWN "IDEALLY" (i.e., IMPRUDENTLY AS CAN BE) AND ON A JUST-ON-TIME BASIS, FOR THE CARPET-PULLING EXTRAVAGANZA OF THE SUMMER--SVM SLIPPING TO $4s, $3s AND $2s!
Embry, Turk and most of the commentators at King World News have been singing this tune for several years. Their credibility is getting tattered, in my opinion. They've been expecting gold and silver and the mining shares to "explode" for a long time and it hasn't happened. We always hear that it's right around the corner and that the metals can't be manipulated much more. But their prognostications never happen. At some point you have to draw the conclusion that they don't have any better grip on the metals markets than anyone else. Their predictions are falling flat. I wouldn't rely on Embry if I were you.
Dividends at Newmont have a sweet little twist to them too:
"Under the enhanced policy, Newmont’s annual dividend has the potential to increase to $4.70 per share if the Company’s average realized gold price reaches $2,500 per ounce."