Hopefully there's some volatility tomorrow and the next day. I need GDX to trade at $20.40 to get my final shares.
I did, at $2.25 like I said. Only I bought 10k more shares and decided to buy 2k shares of GDX for GTC $20.40 if it gets filled. I'm a little too heavy in SVM and need some diversification. And that's it. No more into PM. I will wait out what I personally believe will be very large percentage gains when the metals eventually rise. My own view. Been through these crash drills many times over the last 18 years. My problem is always selling way too early.
Right ryugo. I thought they said ( AL, asianvest ) that those mines were part of the fraud. Now they're sold for cash? So much for the fraud theory. Oh wait, maybe the sales are a fraud too. And it's also very true that they were unbelievably lucky to be short in the worst PM downturn in 30 years. But it should be coming to an end soon and we won't have to listen to them crow much longer. To try and single out SVM management as bad is a joke. How about HL with there environmental law suit, or their excessive pay package, how about collapsing mines, shutting down one of only two mines for a year, or ABX with their pascau-lama ordeal, EXK hedging, CDE royalties this list goes on and on . The whole sector (GDX) just broke to a new 52 week low. So its not specific to SVM at all. And they've paid a dividend for around 25 quarters consecutive which doesn't support the short case either.
If anyone is smug it is certainly you. You will be long forgotten when gold makes a trend change,(which is very close now). Enjoy your losses.
Ryugo is right and you are wrong. They are ALL down and are briefly switching leadership positions. They are leaves blowing in the wind for now. Just a short while ago SVM was outperforming HL by a large amount.
Down another 5.5% today. I'm going to check into it. Streamers could be a winner in the future when the metals move higher and they make some killer deals now with the sector in the toilet.
And you can see the type of shorts that are now being drawn in like imbedazzled. What and idiotic post. Gold is now Enron. What a fool, the bottom must be near, still hoping for one last dip for my final LONG buy.
Wait a minute, just hold on. Weren't you the one that had the Motherload short and was wrong year after year after year then promised to jump off the Brooklyn Bridge way back when gold hit 1,900? How do you have any money left?
One thing he said is right. Everyone is bearish, even bulls are unanimous that it is going down to $1050. Despair is all around the gold sector.Most will sell even on a small bounce. That's why it's probably going much higher than anyone thinks right now including me in the years ahead.
I sure hope not. I bought a lot at $2.71 but I thought I could possibly buy more at around $2.25 before the liftoff occurs. I guess I'll just hold what I have and be happy with that.
Two things tell me not to take you seriously. Saying GDX could go to 0 in another post and it won't see 40 for more than a decade. I am concluding that you are a dunce.
Who said they have to go back to the old highs . They are down so much in percentage terms that even a small bounce on the charts will return over 100% in many cases. And the same thing could have been said in 08 with the stock market. Long was wrong until it wasn't and look at the returns now. Sentiment is extreme as it's ever been.
Let's see how I do. Zero margin. Can increase position by 30%.
Sentiment: Strong Buy
The truth is you or anyone else doesn't have the FIRST CLUE what is going to happen in the gold market. It could bottom Monday morning or take months. Don't pretend like you know because you don't. Easy to spew negativity when it's down.
Yes, he took a loss but knows exactly what the stock will do in the future. He knows nothing.
While you think you're funny and smart or better smart_ss, I too take great offense at your imaginary military service. I have served. Only someone who has not would spout such garbage. There are no war hero's you say, one man's justice is another's injustice? Listen up son, there are truly evil people in this world that others need to be protected from. That's where the people brave enough to step up come in. Let's have some due respect.
I don't know about any hidden "agenda" on my part, but obviously I'm short the stock
Now that's funny!!!!!
Then you should be buying big time as this returns to the mean at a minimum. I am. Don't sweat the day to day moves, think 6 months to 1 year out and you will be very happy.