You should buy physical gold and silver and if you have plenty more money, buy some gold and silver producer shares. Then we own the physical and shares of the mineral rights and operations owned with the company. We have ourselves a producer here people! Didn't get much of a pullback here after my last sell into strength, but I will buy more shares here on PPS weakness. Enjoy!
Best of breed? ARE YOU KIDDING ME? Yeah, you better be reluctant to cast them as such! Massive cut to profits coming down the pike with taxation in Mexico. Their operations are ALL MEXICO. HELLO! There are better stocks to jump into in this sector. EXK needs to take action to improve their profitability for their future. Until they do that, not worth buying shares here until the price of silver much higher. Having said that, higher AG prices will help EXK,
Waves? Are you talking Elliot waves-lol. So, luckily SLW ended the day when it did, because it would have kept falling as support is weak in this area as it busted through support with the shenanigans pulled. With luck tomorrow, $20 will continue to hold strong and the current area becomes stronger. Best case scenario the stock moves back over 20.45 to get to a better place for a run up. The waiting games continue to all that hold the precious metal related shares. God (if there is one) Bless us all!
They (the presidents group on financial markets etc) have a spigot to flush whatever they want. A fabricated reaction to themselves in order to give the appearance that we the people actually wanted out of this stock or other PM stocks shortly after they spoke, because they are in control. Sickos!
Apparently BRD continues to add more debt to the balance sheet. I support low to no debt companies. I will watch it though, thanks.
No one? I want to own precious metals! It has become an obsession! Only thing I don't like is I buy and the price goes down. Wish they would just tell me ahead of time! It might save me some paper!
tvprod says "these guys are wrong 60% of the time." That is probably better than most.
Honestly cowboy, TA can get thrown out the window much of the time in a manipulated market. We all try because that is our nature. These criminals don't care about TA. People do, but they don't care about people. We can use MACD and hope for confirmations and cling to those. We can use wave theory and I like a type of gap theory. I just try to buy where people are buying and watch all of the above for signs. We can check COT reports etc etc etc, but today is another good example of this rigged game. Problem is, once we are in it, we do our best to stick with it...or fade away. So, I don't really have anything that you might look into. Just taking my best guess like all of you basically. I laugh because I have to or I will go crazy. Good luck to you!
mainman, you said "the impact will not be massive according to Mr Cooke"
Really? Is this the same Mr Cooke that said "the combination of the government tax take and essential reinvestment needed to sustain mines would take about 90 per cent [of our profits]. It takes Mexico from one of the more attractive jurisdictions worldwide to one of the worst."
What sounds great about that?
I like your enthusiasm though and SVM is letting me down in a big way. Some egg on my face perhaps for money in that one. Perhaps my SVM money should be here? Probably do just as well, but if it gains some steam it will fly. I suppose the same could be said about EXK.
I prefer to invest in money machines like SLW. The business model cannot be matched right now as a streamer and imo, they are best of breed. Every dime I would consider here, I would put into SLW for silver related. Sorry, it is not EXK. SLW just added a gold stream recently also. You can check my recent postings as I do not pump other stocks on other boards. I have money in SLW and SVM, but I am not here to pump. I think the bottom line is the entire sector will rise with AG. That is what we all need. One thing I do like is Cooke said their next mine WILL NOT be in Mexico. I post here sometimes because I like the board here, but you have a few paranoid old men here that LIVE for getting green thumbs ups! LOL
Maybe one day I will put some money back into EXK again. It was a good story until Mexico govt got in its way. I am watching. Notice I do not tell people to sell this stock for a loss, just invest elsewhere...for now.
The same thing that would happen to any electronic related...powered down. I don't think it would affect the internet information though and thus Bitcoin would be fine afterwards, just like our stock trading accounts. That is, if the power ever came back on.
That may be, but the proof will be in the numbers and really all we need to see is what the Mexican government will actually do. Businesses threaten (and leave) California due to the highest taxation in the US, but you don't see them changing anything. Crazies...
Just let me know when this is making a serious push up and I will see if you are right. I have been saying SLW is a buy under $20 and have put money where my mouth is. I want more SLW and you can believe that! Gold being down is continuing to throw logic out the window and if people want Bitcoin instead of gold, they don't want liberty or freedom. Time for people to wake up!