"Pretty tempting for someone looking to make an entry."
I agree it's a buy and a hold for a yield Investor below $14 for now. If next qtr shows more progress, which I expect, $14+ will be cheap. This past qtr has been the strongest qtr of the year in the past, but now we have to adjust for the recent expansion in Europe and Asia and events in the gold & silver market which favor coins now more than ever. Cramer recently advised investing in coins over other alternatives as a way to invest in gold. Not that Cramer is the know all, but he's part of the move in the coin direction and out of ETFs and miners.
Willing buyers are Shorts covering, and Momentum Traders jumping on for the ride. CLCT has more to go, dbtunr is right, " it looks like this wants to move to $14+'
Very true mardermj.
"The lemmings are leaving one shiny bauble for the lure of the bloated market."
Also, some of those leaving are getting pushed. This reminds me of Rafael Sabatini, "He was born with a gift of laughter, and a sense the world was mad." The pendulum of madness swinging low and now once again high.
"Apparently you are unaware of how Soviet economic statistics were collected."
Rather than rely on govt stats, I follow co's to judge what's going on. Even a high Chinese official said, a couple of years ago, that he followed railroad traffic figures to judge the Chinese eco (not govt stats). I follow different co's for different gages on different features of the eco.
Thanks for the info.
"Everybody is hiding."
I'm ROFLOL reading your spam jmeilink6000. Keep up the junk! LOL In ways it's better than a comic strip for laughs.
" this analyst is looking at an actual EPS of 29 cents per share versus his prediction of 17c "
Anal ysts. The Pied Pipers of Wall St. Hucksters selling ideas to front run followers. This analyst is working Shorts or Longs? I pay attention only to the Pied Piper's lemmings who are following him.
China has the potential to double and triple the best of CLCT's past earnings.
China advises their people to buy gold. CLCT, 5/8/13, "... with the increased production of gold and silver modern coins from the US and other mints around the world; we are optimistic about our prospects throughout calendar 2013."
My low for this qtr was 21c and yours was 25c -- you win!
Like you, I can't wait to see Short's run to cover.
dalerobin777, "Shouldnt belong before we are all riding bicycles and Chinees are driving new cars."
It appears that's what govt policies are designed to achieve.
hapiwondrer, "In the old Soviet Union under Stalin there was complete concealment of economic statistics."
That seems more preferable than distortion or outright lies. It's more respectful.
"... if statistics have to be interpreted, because relevancy is hidden within, they are useless."
It's just another scam.
Scams are proliferating. The overall result is a slowing of economy, because people become reluctant to transact when they think they might become a scam victim. The velocity of money slows.
"when will people reach the conclusion that the only beer on the market is stale beer and not worth buying."
After they buy, take it home, pop the tab, and take a sip.
They bought the job #'s. Without the BLS's adjustment the #'s would have been negative. Further, the average hourly hours worked and total amount of money earned both fell.
They aren't going to have the disposable income to spend, so they may never know!
Besides, the gov't is hard at work changing the way GDP is calculated, so that the new calculation will shows 3% plus added to GDP. They'll see the economy is doing great (and think they're the only ones without beer money), because GDP is calculated to show that!
No matter, they can get drunk on the #'s without drinking!!!
"I think SLW is a good long term buy."
Yes, and it is also probably a good short term trade.
" ... seem to be that people are shifting into the stock market with the view that the economy is improving."
The eco. is punk, even beer sales are stale.
The shift into stocks will probably continue, even bond funds are buying stocks now. Also the govt is working on Money Market Funds. They want a floating NAV to flush out holders. That will drive more people into stocks. The gov't doesn't collect tax, brokers don't get commissions, and Hedge Funds don't get a supply of chumps to fleece from MMF holders. When everyone who can be is pushed into stocks, and as far out on the limb as they can get -- they cut the limb! It's not if, but when??? But first they have the PM holders to fleece.
Hey! It's a casino. It's no longer an investment. Gamble if you like, but do so knowing you can lose your ENTIRE bet.
I placed a gambler's bet on SLW today @ 23.40.
The above is JMHO.
SLW is one of the strongest. Shorts have got to bring down the strongest, so the whole group will collapse into oblivion.
More (now almost daily) confirmation of my buy reasons when I bought CLCT last year that you may be interested in if you haven't seen them:
Cody Willard, 5/6/13:
"The banks and governments want the price of metals low and are trying to force the paper gold and silver prices down. That has backfired badly, as people like you and me around the world immediately took advantage of the lower prices and the recent crash to load up on physical metal coins and bullion."
CLCT's Asia push is timely. And:
"... the real reason I’ve gotten so aggressive about owning physical precious metal bullion and coins this year is because of the wild currency wars and aggressive attempt at debasing every major fiat currency around the globe."
The U.S. is the worse debaser IMO.
Once I buy a heavily shorted stock I "never" sell below my cost. I'd rather let the stock go to zero than sell so a Short can cover.
Right now I'm making money in DMND, but it's not a sell for me. DMND is far to Short oversold, and the Stock Market is way to Long overbought for me to do anything but watch on the sidelines.
If I were a Short there are a slew of stocks at all time highs that I'd be short, but I don't short because I won't join the Dark Side.
Currency debasement with stagflation?
The job #'s are phony like the GDP # will be when they start their new calculation. Like the phony CPI. But what's real nowadays except physical gold? Maybe precious gems if you get them out of the earth and not out of a jewelry store.