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American Express Company Message Board

Seth_26 3 posts  |  Last Activity: Feb 11, 2016 8:00 AM Member since: Aug 25, 1998
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  • will hold through the end of the world.

  • Reply to

    Point & Figure Target

    by jda1942 Dec 16, 2015 1:48 PM
    seth_26 seth_26 Feb 11, 2016 7:45 AM Flag

    Guten nacht, Zolf Macht!

  • Oil's collapse will eventually lead to massive bankruptcies across a the entire oil complex. Banks will be forced to write off billions of dollars in loans and will nearly completely stop loaning money. Since mining is an extremely capital intensive business, strong mining companies will cut back on production and weaker ones will go belly up due to lack a lack of access to capital. Deflationary pressures will push down the price of gold, but supply will fall and demand due to the safe haven properties of gold will keep the price from falling too much. Donlin will be ready for production just as the value of gold starts to appreciate. The main issue at that time will be obtaining financing. I believe a rising gold price will provide the company with the ability to tap equity markets at the right time.

    The above scenario will take 12 - 24 months to develop. In the meantime, I am expecting Novagold to do a secondary stock offering in the very near future, providing them enough capital to sustain themselves through the mess we are headed into. I will be buying the inevitable dip in price following the stock offering. I then plan on buying stock every month regardless of the fluctuation in price. I plan to eventually have the majority of my life's savings in this stock.

AXP
52.66+1.55(+3.03%)Feb 12 4:01 PMEST