We won't get a lot of movement in December, maybe $24 at best, but next year, I'm looking for a steady march toward $30 and perhaps higher if the market holds.
you big dummy. Haven't you noticed that not ONE management insider is buying?
I'm sitting on my hands and waiting until one of these guys steps up and buys some shares with his own money.
The same is true for Goldcorp.
wait, I take that back, we're up exactly 50 cents so far.
This has to be the worst performing large cap drug/medical company in the stock market.
relax. You make it sound like POG is $600 and the GDX is in the single digits.
This is hardly a panic.
Panic is when GE traded to $7 and you could Citi for $1. There will be some good entries in the weeks ahead.
Besides, we don't have nearly enough volume for a capitulation yet.
I'm waiting for $18-19
that sounds about right. Obviously it will be a lot lower if POG were to completely collapse. I think the best course of action is to look for what you think is the capitulation, make your buy, but also buy a bunch of puts 6 months out in case you are very wrong.
Personally. I'm looking for $18-19
There's been very little change in POG lately- yet the GDX is falling like a rock, which causes me to wonder what will happen if we take a march toward $1100?
What about $900, will GDX wash out in the mid teens?
I just can't understand how this is so weak with such small changes in the POG.
not true, Hundreds of new and marginal mines have come into production in the last years. The boom had gotten so ridiculous you even have operators trying to reclaim gold from tailings and underneathe the Bering strait.
Most of these johnny come lately's have to shut down before we see any recovery.
I'll say one more thing, no one predicted NG falling to below $3 when it was around $15 per mbtu.
that said, all bets are off if we break below $900
that's when the buyers are going to show up for major support and when you want to own this. In the meantime just wait until it comes to you. Like NG, there is WAY too much capacity out there. You knew when idiot TV shows glamorizing gold mining came to fore.
and it amazes me that idiots like you thought Netflix was going to zero.
re: KCD better get your wallet ready for a diet. You haven't a clue.
No. I don't want a split. The only thing it seems to do is increase volatility. The last thing we want is a two for one followed by a bear market and looking at Disney languishing in the twenties.
It's just my perception but the lower price hurdles of the $20's and $30's seem really difficult to move out of. Granted the percentage move in price is greater, but it seems so too is the psychology of the hurdle.
FWIW, I'm looking for Disney to finish the year closer to $80 than $70
and already a good move!
looks like we have a lot of tax loss selling in the coming weeks. I'm looking for another 10% drop from here before I jump in, ($19-20)
I think you did the right thing, there's going to be a lot of tax loss selling into the Christmas season. Second, not many money managers won't this garbage on their books.
That said, I think the GDX will have a banner year in 2014, but not until it drops into the high teens for maximum pain.