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Newmont Mining Corporation Message Board

sandiegoman99 41 posts  |  Last Activity: Jul 7, 2016 2:19 PM Member since: Jul 29, 2008
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  • Reply to

    0.02 Loss

    by leebagain May 3, 2016 5:17 PM
    sandiegoman99 sandiegoman99 Jul 7, 2016 2:19 PM Flag

    There is nothing to say but it is a poorly run company with deteriorating assets. I have most of my money with proven leaders. I have learned my lesson. I am only betting on good companies with quality assets and quality management. There really are only a handful of those out there. Their share prices show it too.

    SM

  • Reply to

    Why so high?

    by kookookloc3 Jul 6, 2016 11:49 AM
    sandiegoman99 sandiegoman99 Jul 6, 2016 2:14 PM Flag

    biggest mistake people (myself included, although Im doing better now) is trying to trade this market. Thinking they "know" when to sell, when things are reversing. But the big money will be from those buy and hold types that sell after years in a bull market. This is still a baby bull. It hasn't even hit puberty. They when everyone is talking about gold/silver that is when to sell. You will be kicking yourself when this is multiples higher. Im not saying to buy or sell now, Im just saying that gold and silver look to be good investments for quite a while.

  • Reply to

    LYG

    by tikas2709 Jul 6, 2016 11:29 AM
    sandiegoman99 sandiegoman99 Jul 6, 2016 2:05 PM Flag

    I just don't see copper doing that well in a global downturn. There seems to be a semi glut of copper right now. And their gold is a shared property (with Freeport) in Serbia. I know Serbia is touting how safe they are but it just gives me pause. Good luck. I think there are others out there that look a bit better. I will say that their books look very clean. I mainly into pure gold/silver/platinum right now.

  • Reply to

    sandiegoman99/ leebagain

    by tikas2709 Jul 3, 2016 2:45 PM
    sandiegoman99 sandiegoman99 Jul 5, 2016 5:16 PM Flag

    I can't blame you. There are much better gold stocks out there and if I were smarter I would have bought others. Most of my IAG is in options. I am close to where I will be closing out that trade although the short term cap gains will kill me on this. I will write it off against my losses on gold stocks over the past 4 years. One of the good lessons over the past 4 years is knowing when the bull is done. I am hoping that I am smarter and will get off the train next time.

    I am not familiar with NSU or PLG and I am going to check them out. At first glance they look interesting.

    Thanks,
    SM

  • Reply to

    sandiegoman99/ leebagain

    by tikas2709 Jul 3, 2016 2:45 PM
    sandiegoman99 sandiegoman99 Jul 5, 2016 12:32 PM Flag

    Hope everyone survived the 4th intact.
    This is a very good question because nobody really knows. I do think (caveat emptor) that gold will eventually top out in some sort of feeding frenzy near 3500. I say this with no real basis other than seeing how gold does tend to move in patterns and if this matches the 1970's the next move will almost double the previous top. My gut is that there is a lot of money to be made in the miners, but buying and holding is the way to go. I think that electronic trading has made it too easy for all of us to jump in and out, letting our emotions control the way we trade.

    There are a lot of very real near term issues that are coming home to roost and I don't think the next downturn will be pretty at all. China's housing bubble, Japan's insatiable apetite for debt and their aging population, and the US's debt entitlements/debt problems. These aren't going away until they get fixed and I think gold will be the beneficiary.

    I'm really not sure where it will top near term or long term. I just know that when everyone starts talking about it then it will be almost time to get out. Because at that point there is nobody left to buy. .

  • sandiegoman99 sandiegoman99 Jul 1, 2016 6:46 PM Flag

    just when you think things are going to go down, you get a huge rally into the close. This is why it is so hard to predict these markets. I went surfing and came back. Huge pop. Look at PPP. Probably has room to run.

    If you get down here as you said in another message lets go have a beer. I would love to talk mining stocks and such. Have a great 4th.

    SM

  • Reply to

    The miners are being sold on the rips.....

    by leebagain Jul 1, 2016 9:45 AM
    sandiegoman99 sandiegoman99 Jul 1, 2016 11:19 AM Flag

    This is the conundrum we are all faced with. We all want to be able to sell at the top and by more on downtrends. Problem is that this is really only possible in hindsight. So many people here were selling at $2.80 and $3.10. It does seem like a pull back could be imminent. The miners don't seem to want to break out anymore. IAG has definitely been a laggard. Part of that is that they really don't have any ohter metals that are byproducts. Silver has been on a tear and the dual silver/gold miners have been on a tear. That will probably slow too. I might be selling some near term calls to do a little hedging but that might be it.

    SM

  • Reply to

    AUY Message Board

    by tikas2709 Jun 29, 2016 12:24 PM
    sandiegoman99 sandiegoman99 Jun 30, 2016 11:40 AM Flag

    Yeah, some of these boards (HL too) is so full of stupid BS posts that it is hard to take. I own quite a bit of AUY and have done with it. They are a good stock but dilutions have hurt. Looks like they are seeking to pay down some of their debt too.

    What is wrong with people is too long of an issue. I have never understood why people insist on trying to put political and other social commentary on gold sites. See NEM, it is littered with them.

    If you want another gem go to Zerohedge. It used to have some really good comments of people in the industry and right around bear stearns there was so many good commentator on there. Now, it seems that it is nothing but pontifications of Hillary and Trump. All of the good people left. Now it is all made up on people's fantasies about what is happening (read conspiracy, new world order, rothschilds, 9/11 was a hoax, etc, etc, etc)

    SM

  • Reply to

    IAG seriously lagging here....

    by sandiegoman99 Jun 29, 2016 1:21 PM
    sandiegoman99 sandiegoman99 Jun 29, 2016 3:20 PM Flag

    its 26 center off, but no matter, it has really stalled as gold has surged. I don't think it is normal profit taking...

  • sandiegoman99 by sandiegoman99 Jun 29, 2016 1:21 PM Flag

    It makes me wonder if Letwin has done something incredibly stupid again.... Usually that stuff leaks out and then the stock starts to turnover... The guy is a freaking disaster.

  • sandiegoman99 sandiegoman99 Jun 29, 2016 11:01 AM Flag

    did you mean major distribution? Because you can't tell dilution from an increase in volume. I can't make sense of your comment.

  • Reply to

    HMY is a bargain

    by leebagain Jun 27, 2016 1:35 PM
    sandiegoman99 sandiegoman99 Jun 28, 2016 5:02 PM Flag

    China is a freaking disaster that only a few understand. I saw this one prognosticator say that it wasn't an issue because they were state run. Let me tell you, when you have NPLs growing it is an issue. Because the sheer size of the loans are stupendous. I don't care, they are going to have to devalue, gold anyone? Some say 30-40% deval is inorder. That will absolutely rock world markets. This is going to happen. I don't care if you are state run. you still have to pay bills. I have been to China recently and was blown away at the number of empty cities. Not one, not two, but in the teens and that was on a one hour bullet train ride.

  • Reply to

    HMY is a bargain

    by leebagain Jun 27, 2016 1:35 PM
    sandiegoman99 sandiegoman99 Jun 27, 2016 3:59 PM Flag

    Leeb, I will take a look at it and let you know what I think (as if you cared). I think a 20x multiple is too high. I use 15.

    I still think miners could pull back but with 1/3 of the world at negative rates gold should do well. And there are some that are saying that Brexit is like Bear Stearns (6 mos prior to Lehman) so there are bad things coming. Time will tell. i expect the near term market to stabilize and then when everyone realizes that there are serious ramifications things will change...

    SM

  • sandiegoman99 by sandiegoman99 Jun 27, 2016 3:44 PM Flag

    You have got to be kidding me. Finally an upgrade and the stock swings back to the green. These are crazy days.

  • Reply to

    Up 30 Cents and Barely a Peep

    by sandiegoman99 Jun 24, 2016 1:25 PM
    sandiegoman99 sandiegoman99 Jun 24, 2016 2:47 PM Flag

    Speaking of shorting. Seabridge is one that I just can't figure out. For over 15 years they keep telling everyone what great finds they have but they never do any mining? Simply an exploration company only? Questionable at best.

    Watch out for the BreX's out there!

    SM

  • sandiegoman99 by sandiegoman99 Jun 24, 2016 1:25 PM Flag

    What the heck. 5 months ago there would have been 50 posts. Did everyone sell?

    SM

  • Reply to

    Britain Votes to leave EU

    by tikas2709 Jun 24, 2016 2:11 AM
    sandiegoman99 sandiegoman99 Jun 24, 2016 11:29 AM Flag

    Remember that NGD hedged at 1400 gold which is probably a good hedge. The miners got a bit ahead of themselves but I see a lot of people now saying that gold will make 1400 over the coming months. That will help all of them tremendously as it all goes to the bottom line at that point. Thats another 75M free cash flow for IAG. 40M this year for NGD, and 130M for AUY. That is huge. Put a 15x multiplier on it and you have fireworks for the stock from this point on.

  • Reply to

    Brexit Happens? Looks that way: gold up $63 now

    by sandiegoman99 Jun 24, 2016 12:19 AM
    sandiegoman99 sandiegoman99 Jun 24, 2016 12:23 AM Flag

    Miners might be up 15% tomorrow....

  • Not sure if this will last but this will definately cause some buying of the miners. Unbelievable....

  • sandiegoman99 by sandiegoman99 Jun 22, 2016 12:43 PM Flag

    This is a most bizarre miner market I have seen since I started trading it in 2009. Just when you think it is heading lower it changes direction and goes green. Almost exactly the opposite of the past 4 years when it would be green for most of the day and then go red.

    I know that many look at the COT (commitment of traders) report to say that gold is going higher or lower but honestly I have looked and have seen no correlation. I know Clive Maunde and others call the speculators as dumb money but if there were a correlation between the speculators and large commercials where the large commercials were ALWAYS right , then wouldn't others see this and reduce to only go the way of the commercials?

NEM
40.16+0.31(+0.78%)Aug 25 4:02 PMEDT