Gold production going to 500,000 os per qtr by Dec.
Oil going back to 50;s
Copper will continue demand based of industrial data..
Go not sell now...Big boys ran it down to load up for an upgrade after earnings on Tuesday
West Coast ports
China demand growing
Average price of shares in the 32.00 range in the last 12 years
China has huge advantage is the currency trade
6,7 RMB to the US dollar but due to the canadian dollar beening weaker
It takes on 5 RMB for them to buy a canadian dollar.
Dividends will get back to at least 50% of the average over the past 15 yrs
ADD IT ALL UP TCK is worth 32,00
Its about time for a major upgrade by wallstreet.
Big boys tried twice to bang FCX under 10.35 and it did not work..
Looks like its off to 12's Hold those shares if you bought in the 10's
Check your historic charts on the ratio. We have never seen a 650 to 1 gold/copper ratio. Even during the financial crisis hit was never this wacked out. So do ratios even count now... Yes Silver is fast moving to a 50 to 1 ratio, It stands at 68 now.. Copper is still the laggard. It will move back towards a 450 ratio which is still wacked. But 650 is absurd... At low 10's FCX is a buy
This is a welcome breakout FCX should end higher today
Copper will follow golds lead Inflation is here and finally noticed . What ever the lying Govt says
Come on people 30 yr bonds yield negative interest. In most of the world
How long can the governments print bonds and sell them to themselves
This is madness---- Gold is the place to be
George has done it before
Crazy thing You still have time to get into ORIG Its real and making money..
George didn't want the ORIG business tied up in this mess DONT BUY
Given DRYS no longer hold ORIG stock George should resign and appoint a new CEO This is the only thing that will make ORIG stock value close to what its really worth. Its hard to cook books with every rigs visible and working.. Books are OK.. Its the CEO thats not
What amazes me is the shorts trying their best to keep
new investors out.. This company is actually making money.
Cash flow positive and has a bright future ahead. Look at the growth
so far. Granted they have debt But its being managed quiet well.
Smart- ORIG is selling at 1/10 its book value. George should resign the board of ORIG. Its him alone which destroyed shareholders. The latest deal on the new rig was genius. But he also put did do ORIG shareholders right by releasing the shares held by DRYS into the treasury..I'm assuming they can be resold at a later date if they needed cash. ORIG is cash flow positive. Its a steal Worth at least 10-14.00..