Well P.M. have been up every day this week, looks like the trend has turned up, could be the start of something big.
If P.M prices continue to trend upward, all miners should rise with the tide.
Actually, since PSX is predominantly a refiner isn't the lower price of oil better for the bottom line? Wouldn't a much higher oil price cut into their profits? I'm not knocking PSX, this has been one of my best trading stocks, as I have made money several times with PSX.
Well, you got your answer. Did hurt, but is it a long term issue? Will the dollar continue to stay strong for an extended period? In any event, I added a bit here. Long term hold, great dividend payer. No worries long term.
Are you saying that HL will be at that price at Jan 31, 2016? Gold and Silver at or below current price as well on that date?
Well Meatballs if they are all scams, it's a long running scam. For instance, CDE was founded in 1928. Hl was started in 1891. GG was founded in 1954. NEM was founded in 1916. AU has been around since 1944. The point is, "scams" by their nature are short lived........unless you're talking about the Federal Reserve and its monopoly. Businesses that have to compete are not capable of being scams and long lasting.
You could have got as much satisfaction from a $20 Baltimore Crack Ho. With the way the economy here is going, there's a price war on the corners.
Zero? Well anyway, as long MSFT, APPLE, JNJ, MO and other stocks that I own don't go to zero, I can at least afford a six pack once a week.
The Fed is looking for any cover to delay raising rates. They can't kick up the rates much for several reasons. The only reason they raised the rates a paltry .025 recently was to try and salvage a little bit of credibility after saying for the last 4 years that they were close to raising rates. Don't expect much in the way of rate increases in 2016.
Yep, no point in selling now. Either ride back up eventually, or take a hit, and lick my wounds. But with the way the market is at present, I'm not sure anything is a safe bet, especially for the average investor who doesn't have access to inside information available to a very small group of people.