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Renren Inc. Message Board

bollingr_band 157 posts  |  Last Activity: Jan 26, 2015 10:15 PM Member since: Feb 7, 2001
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  • Reply to

    Gold funds manager- Frank Holmessaid:

    by bollingr_band Jan 26, 2015 1:43 AM
    bollingr_band bollingr_band Jan 26, 2015 10:15 PM Flag

    Not familiar with it - saw it for the first time but cant't make head or tail out of it.

  • bollingr_band by bollingr_band Jan 26, 2015 12:47 PM Flag

    Likely bottom reached.
    Smart monry loading.
    $2.75 +/-

  • Jan 25th

    Last year, gold was the second-strongest currency in the world, trailing only the U.S. dollar. It’s amazing how well it held up under the pressure of the greenback. Not just investors but also central banks recognize this.

    “If the dollar or any other Fiat S.p.A. (ADR) (OTCMKTS:FIATY) (BIT:F) currency were universally acceptable at all times,” Greenspan said, “central banks would see no need to hold any gold. The fact that they do indicates that such currencies are not a universal substitute.”

    Indeed, we’re seeing central banks all around the world shoring up their own gold reserves by repatriating bullion from foreign institutions.

    December saw the biggest monthly outflow of gold from the New York Fed SINCE 2001, bringing its holdings to their LOWEST LEVEL THIS C E N T U R Y.

    Sentiment: Strong Buy

  • Reply to

    Currency War

    by goldmanpillageandsack Jan 24, 2015 5:29 AM
    bollingr_band bollingr_band Jan 24, 2015 11:36 AM Flag

    Jan 21 2015
    Caroline Valetkevitch

    "The Fed is expected to reiterate that those global risks have not yet put the U.S. recovery or the Fed's rate plans off track when it issues its policy statement at the close of its two-day meeting on Wednesday.

    The timing of the Fed's eventual rate move has been a top concern for investors. Stocks rallied when the Fed said after its December meeting that it would take a patient approach toward raising interest rates and gave an upbeat assessment of the U.S. economy.

    The sharp decline in oil prices that began last June and worries about deflation could keep the Fed on hold for longer, analysts said.

    "It bodes well for the Fed to be patient," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. "There's no inflation here; the problem is deflation. If oil prices were to go lower, that could create more of a problem."

    Threat of Greek (PIGS are watching ) default
    Dimishing petro$$ in 2015 (collapsing oil price + rising RMB trades =)
    No country is an island when every economy is contracting and defalting, US$ will weaken in this environment.
    No pumping can sustain the hype.

    Gold should rise--- even Goldman Sachs just guided gold to $1268/oz (from $800/oz which they stated late last year.)
    They are desparate to hammer gold price (that means they are buying on the other side of the trade just like the mortgage backed securities in 2008)

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 23, 2015 4:19 PM Flag

    Agree with your take on low cost producer, I suspect the AIC should be way under $800, hence Marrone raised $250M to dig as much gold as he can, ASAP.
    Even if they try to manipulate gold towards $1,000, AUY will have a very nice net margin + profit.
    I bot some at the last minutes as well, can't resist.
    Good luck + prosper.

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 23, 2015 3:31 PM Flag

    Takeover deals rarely happen while the stock is being thrashed.
    AUY has to clear out some debts and increase production and cash flow before other CEO willing to put out their bids.... like buying a fixer upper with major problems resolved, so naturally price of the stock will risae as well, as risks and problems are removed.

    I am obviously not good at market timing, but suspect lots of people got wiped out on their calls last few days, weeks, months.

    The only safe calls are in the money calls , out at least 2 or 3 months.
    Looks like $4.07might be a short term bottom.

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 23, 2015 3:16 PM Flag

    I have been buyers on dips since October, never sold shares last few months.

  • bollingr_band bollingr_band Jan 23, 2015 3:15 PM Flag

    Acceptable takeover value minimum Book Value + premium of 1/3.... close to $10
    Looks like we have to ramp up towards $7+ area AFTER some major favorable events such as earning and guidance very positive and/or likely disposition / spin off of Brio Mining.

    Don't know how likely will AUY reach sub $4, as Greece election / default progression next week, but I am deciding what to sell and load up more AUY next week.

    Today's option expiration is killing a few calls and puts, so not much will likely happen in the remaining hour.

    Best of Luck

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 23, 2015 2:39 PM Flag

    Dec 10th 2014
    Remember this is in the works to sell assets and pay down debts as well, sweeten the books for the would be buyer.

    TORONTO, Dec 10 (Reuters) - Yamana Gold Inc said on Wednesday it will place some of its Brazilian assets that have been deemed as non-core into a subsidiary dubbed Brio Gold and that it will explore a potential sale along with other options for the unit in 2015.

    The Canadian gold miner said it has retained National Bank Financial and CIBC World Markets as financial advisors to assist in the process of evaluating strategic alternatives with respect to Brio Gold.

    The assets being parceled off into Brio Gold include Fazenda Brasileiro, C1 Santa Luz and Pilar, and its Agua Rica project.

    Sentiment: Strong Buy

  • They all know each other real well- all Canadians.
    Marrone get paid almost $5M/year
    The other 2 CEOs get about $3.5M/year running much larger goldmining operations.

    The $250M recent equity buy-in is providing a support for the stock price over $4.
    It doesn't get much better than 0.5X book value with a healthy pipeline and lots of cash ready for increase production while energy price in the dumps.

    We will soon see how this low hanging fruit gonna mushroom BIG.... organic growth or take outby likes of ABX or GG. Marrone knows who is he talking to.

    Sentiment: Strong Buy

  • First you have contracting and deflating economies in places like Japan, US, Europe then China.
    Then you try to inflate it and prop it up with QE and rate cuts.
    If that doesn't work you keep deflating your currency by QE more.
    Now we are witnessing commodity pricing collapse as in oil, gas and likely raw materials.
    Art Cashin says eventually when people get hurt and desparate enough, they will have real wars.

    I think we are seeing that in Middle East and Russia, those wars are likely escalating.
    When you force people into a corner, they will do desparate things.

    In most of the countries I mentioned above, they all have rising aging populations, diminishing income and jobs, so the likelihood of rising income and tax bases to turn the economy up is a tough bet for the foreseeable decade or two.

    Gold might be a good play of currency flood, devaluation, and instability, and rising conflicts and wars.
    Especially someday when China decided it doesn't want to take dictations and threats from USA.

    Sentiment: Strong Buy

  • Reply to

    The Message

    by ericblair30 Jan 23, 2015 10:41 AM
    bollingr_band bollingr_band Jan 23, 2015 10:51 AM Flag

    They didn't have any other choice to combat contracting economy, greek default while others like Spain, Portugal, Italy are watching and contemplating similar course.
    So they spin it as a good thing.
    Essentially what QEs do is kicking the can down the road hoping for a reversal of demand and economic rejuvenation. Look at US QE, it keeps the economy from falling further, but the money doesn't flow down to the Main streets from the Banks because the Banks will only turn the spigot up IF they are convinced the economy is in full sprint and they will profit in a HUGE WAY with low risks.


    After Greek election AUY should turn to the upside- just a gut feeling.

    Sentiment: Strong Buy

  • Reply to

    $1,300 broken:

    by goldmanpillageandsack Jan 22, 2015 11:00 AM
    bollingr_band bollingr_band Jan 22, 2015 12:35 PM Flag

    Yip Supply Bottle Neck +
    Demand spigot is turned way up = Price squeezed UP
    Whole lot of junior miners are on sale will be bought out by the majors.

    Sentiment: Strong Buy

  • Reply to

    Real reason for Euro Bond Buying...

    by goldmanpillageandsack Jan 22, 2015 12:10 PM
    bollingr_band bollingr_band Jan 22, 2015 12:23 PM Flag

    All that wasting of ink and technology on toilet paper.
    Amazing Kim Jung whatever saw thru all that and printed their own US$ and join the dollar printing party.
    Time for GOLD RUSH, AUY is likely a major COILED SPRING about to explode. ($4.35 now)

    Sentiment: Strong Buy

  • Reply to

    $1,300 broken:

    by goldmanpillageandsack Jan 22, 2015 11:00 AM
    bollingr_band bollingr_band Jan 22, 2015 12:18 PM Flag

    Notice during the drop from Aug to Nov. AUY dropped more in terms of % than most other major gold miners (60% or so )

    Now during the gold rally from $1170 to $1300, AUY is still a laggard despite being low cost gold producer with a healthy pipeline and positive guidance from CEO.

    I suspect we are looking at the base of a Coiled Spring for the coming quarters as the currency wars unfold.
    Countries are surely loading up gold as currency wars proceed.
    Russia under attack by US and Saudi, they are loading gold for sure.
    Europeans are repatrioting and buying gold.
    China has been loading gold.
    India gold import has been rising with strength.
    Demand is probably heavily out weigh supply as many junior gold miners were hurt by the drop in gold price and gold demand prior to Fall of 2014.

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 21, 2015 2:52 PM Flag

    Rumor is Euro headed for PARITY (1Euro - $1US ) or less
    US$ is way too over valued, ready to correct the Petro $ , somehow.

  • bollingr_band bollingr_band Jan 21, 2015 2:44 PM Flag

    Very funny Goldman- It is FREZING in Canada, we can't blame Marrone counting his $30, 40, 50M walking pkg and layout in the warm Carribean with a few mermaids applying lotion all over him.

    Wonder what is the payoff package for Marrone if the company sells to the highest bidder in 2015.... Currency flux is high after Swiss Franc delink w Euro, Canadian $ is getting volatile after devaluation via rate cut, RACING TO THE BOTTOM with yen, Euro and NEXT US$. Gold looks to be the safe heaven when everyone is watching US$ with Great Suspect.

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 21, 2015 12:41 PM Flag

    I only speculate AUY is just too subdue (compare to other goldminers during the current rally)..... that $250M equity raised just seems to sweetened the pot for a takeover of a very low hanging miner with low AICand ample pipeline.

    Under $4.3 just seems too much of a hammer for EGO issues and Canadian-US currency exchange flux.

    The US$ looks very over supplied, over issued, flooded, PUMPED and over priced to be a safe heaven shoe to drop in a couple months???

    Sentiment: Strong Buy

  • Very Low Hanging Fruit
    Strong pipeline
    Favorable Guidance

    LOAD UP anything under $4.3 today
    Throw in $250M cash to boot for the dowry-- LOL

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 15, 2015 4:51 PM Flag

    ABX and NEM might merge

    In the current environment where gold prices are falling, companies’ share prices are under pressure. To rationalize costs and increase revenues, it makes sense for companies with significant scale and overlapping operations to merge.

    Both Newmont and Barrick have large, overlapping operations in Nevada. Combining operations would reduce costs and increase free cash flow, which both companies need to do. So there are synergies to be had. In fact, according to some estimates, a merger could result in $1 billion in cost savings. If combined, the two companies would produce ~12% of annual mine output, three times the output of the next-largest producer, G O L D C O R P Inc. (GG).

    Newmont’s production profile is quite fragile given stalled projects at Conga and maturing mines in South America. This deal could have given the company the much-needed production growth and of course the synergies we mentioned above.

    Sentiment: Strong Buy

2.56+0.01(+0.39%)10:15 AMEST

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