Looks like short covering going into the close? I love selling into strength, It hasn't reached the price where I sold my shares recently, but what a finish today! Wow!
Fundamentals are reasons to buy stocks, not TA. If you are a day or swing trader, they play more of a role. I do use TA, but only for buy/sell points. I get tired of those guys cluttering up the board here. So much so that I usually post on a board of a stock which I have little investment in because it is better overall. Not much talk, just a news reporting board and looking-for-followers (and should go to Twitter) chartists here?
That being said, silver clearly lagging behind gold and has a lot of catching up to do. That is being reflected in the silver producers versus gold producers today thus far.
So silver slowed @22 instead of $23...All in due time. I am very happy that I took the profits on my EXK shares on the previous strength and down to only holding one lot, which was actually bought at a higher price anyway. No need to take a loss. Peace
I had mentioned this (SDR) for years as the families in control want it to stay that way. Do something before all control is lost. Some of these things are planned out for many years, as people are killed along the way to protect the secrecy. A reset is coming, but when exactly? What will that mean for us in terms of value. Could be good for those, especially with debt in the US. The million dollar questions. Is 2014 the year?
Yeah. I like this board also. You're a swell chap, newsie! Gold is listed as down $10 as I type this on the US daily chart, but in paper gold market like GLD it is actually down a couple bucks from Fri close. Anyway, I was hoping to take some more profits tomorrow, but maybe I am a buyer. Taking profits never a bad idea! Peace!
WAYYY off topic ryu! Stop eating fish for 2-3 years? Quit spreading fear with this stuff. While I do have a one week supply of Potassium Iodide on hand for me and my family, we are not going to stop eating fish. Just reducing our exposure. Fish is one of the healthiest proteins/fats one can eat and to not have it at all is depriving our body of nutrients. People could take supplements, but where is that coming from? I think it is best that we do continue to monitor the situation and be prepared. I would not want to live in Japan and I would not eat fish if I lived in Japan. Until next time...
Thanks for the information and tips. I have a number of resources that I use for information and research. Ed Steer is one of them. I follow the various cabals as best as possible through my resources and just to try to keep up to speed with these vampires trying to suck the blood out of all of us. Be well.
Hey there Greg.
My money is staying in the sector. I am just taking shots for another stock with better gains in the near/medium term. I will keep a small core here, just because...I try not to fall in love with stocks. It can be easy to do that, speaking from personal experience. I wish you well always, along with good health.
I don't believe silver is going to slow down until it crosses $23 and even then it should be a healthy pullback followed by another rise. Having said that, I cannot short this sector, nor do I want to gamble against fundamentals. Nothing wrong with holding shares here in the face of rising silver price.
EXK pop too big for me to not sell. I am gonna move that money here EGO or SVM I think.
Good to see you around chemaes! I wanted to sell some into the strength today also. I did sell a lot or two in the sector earlier in the week and of course wish I had those to sell today or yesterday. My SLW positions are looking too nice to sell right now in the face of this strength. Gonna roll the dice a bit looking towards next week! Peace
Also, if EXK paid a dividend, I might feel differently. I don't see anything like that happening in the future either.
I had waited years to build up a lot of shares here, but have been selling out of positions and moving them into other miners on the pops. I am happy that EXK has rebounded nicely to enable me to do so. Of all the stocks I own, this one seems the most unsure of what the future holds, which isn't saying too much because many in the sector are uncertain. With unsure taxation awaiting, I want to make what I can and move on now. I will probably always hold some shares here anyway. Peace.
Not for this price. We are talking about almost 1 million ounces of gold and the company makes money!
Sentiment: Strong Buy
Higher prices will only help. A wait and see approach. These actions mentioned about non-exploration in themselves can be catalysts for higher prices. I don't believe we will see depressed prices for the next year. They aren't calling me for predictions, but It seems this is more of a reaction than it is a decision. The producers cannot predict how the prices will go. I think you make changes based on your company's current financial outlook with prices as is and move forward. That is all any of them can really do. They have taxation to deal with also and perhaps they are just being a little more cautious until the realize the new bottom line...