Yep, well as Clint Eastwood might say, you've got to ask yourself a question, if you think this thing is going to survive, well then you should be loading up at this price, but if you don't have confidence that IAG will survive low metal prices for much longer, well then you can fold and try to salvage something, but at this point, the losses are so great, it might be best to just to hold and hope for the best.
That's what people on all the other boards are saying as well about other miners. I guess all the Silver Miners are run by idiots. All losing 90% of there stock price in the last three years. Gold Miners are apparently all run by idiots also since most of them have lost 80%-90% in the last three years. How do you manage to get so many idiots together at one time?
Yep, and I will continue to be foolish and hold on to my Silver and Gold. As Charlton Heston might say, "from my cold clammy dead hands will you take my Gold and Silver from me".
Yea, and what company might that be? GG down 85% since 2011, ABX about 85%, EXK down about 90% since 2011, HL down about the same 85% since 2011, SLW down about 70%, KGC down about 90% since 2011. The point is, it's not just CDE all of the miners have taken a huge hit since the price of precious metals went South. How much more can they drop and will some of them go bankrupt? Who knows and possibly but someone is going to have to be around to mine GOLD and SILVER and other precious metals. As long as you have time on wait for the inevitable recovery, you will look back at this period as the low point and the time that we should have been buying.
Yea, I agree with most of what you say but really don't see how the Fed can raise interest rates as it would put them in an untenable situation with interest payments on the debt. If they raise rates, my guess is that it will be miniscule but whether they raise interest rates or not, the precious metals are going up as the precious metals are not as much correlated to interest rates as they have been in the past.
I don't know but if drops much more, I think I'm going to have to buy some more. Could be insanity on my part as the saying goes, "don't try to catch a falling knive" but just can't help myself if it gets close to $1.00
Little late there Charlie