All of the above and more, Rocky. Safe havens now getting the bid.
The Chinese have been driving the bit coin mkt. to higher levels as well.
That looks to be money seeking shelter. Problem is: these mkts. are small. Anyone not already positioned is gonna pay dearly for protection in the future - as in right now and forward. Interesting to see what Europe does;and later tomorrow night if the 'boyz' can manage some kinda capping. Of course, the Italians (Renzi) says he's not gonna let Italy's banks go down the tubes and then you got Deutsche Bank with their derivative book looking to supernova . As for me I got mine an i'm gonna get out the popcorn and watch.
No need for Krebs to go out and start spending other people's money again! Shortages of silver are assured for the next 2 or more years. No need for this goof-ball ramping up production with all attended necessitated capital costs and expenses implied. Better to spend on buy backs and issue a dividend. Let the higher share price be the currency to expend later... much later. Should start holding back metal from market; metals pay more than money in the bank!! BTW, we'll soon get an idea of who in this sector are hurting from high-grading their reserves these last few years and NEED to purchase replacement reserves. Last up leg of this LONG metals market saw premiums of around 33%. How 'dear' will the premiums be this time around, eh??
About time management is taken over by peoplle("gold bugs") appreciating the value of gold/silver. Nothing wrong with hording metal for best price while selling the by-product to keep operations going. Coeur, on the other hand high graded its reserves to maintain a non-profitable cash flow resulting in GREATER expenses to find reserves to replace the easy ounces spent. It's the same ol' negative feed back loop that Krebs excels at. Keep the" SPICE FLOWING" at ANY COSTS!
a company that benefits everyone but its shareholders, eh? How generous of the shareholders to for-go profits so so many can profit at their expense!
price gap around $7.70 with 50dma now around $7.50. That's a probable target area. $7.00 maybe too low though anything could happen - Even another price gap to the upside.
It's the "mind-set" that's important and the trend.
Awhile ago there were none. Add Neumeyer and McEwen and you see CEOs looking for alternatives to the corrupt pricing in metals.
Meanwhile, Krebs sits like a Sphinx.
What's your source? The tungsten story is years old. A digital scale to 0000's works. Silver Eagles and Maples still in great demand and well as BITCOIN!! When people start locking away shares of CDE all over the world like they do physical gold/silver then tha'ts when I'll call it an investment. Until then, CDE is just a trading opportunity - long or short.
MX Gold Corp CEO Akash Patel and CFO Kenneth Phillippe say that they are positioning their company to stockpile between 20% to 30% of their physical gold production in coming months, noting that prices are nowhere near where they should be at current supply and demand levels. In an interview with SGT Report, Phillipe appears to be taking the stance of many precious metals investors, which is to stockpile the physical asset in anticipation of any number of potentially cataclysmic economic and monetary events like the hyperinflation we are witnessing in Venezuela.
We want to pull out the physical gold… We want to take this gold and we want to store it. We believe that having the physical gold in the vault makes a lot more sense than selling it at these prices. Gold is ready to move. We believe it’s going to continue to rise… we’re going to be storing our gold and holding it for the long-term.
eddie is the equivalent of a Baghdad-Bob. Cant say who greases his wheels. I dunno and dont care to spend time wasted thinking about it. Probably close to someone inside CDE though.