I don't believe they will do anything of any significance until a reset of some kind happens. All they pay is interest on current Nat'l Debt and raising rates means more printing. They have themselves in a corner until that reset happens. They will need to print regardless.
Sentiment: Strong Buy
I guess all you guys are posting here (venting) when you should be contacting IR? Either that or you all are shorting and bashing.
"Iamgold has said that although the expansion will provide growth at lower costs it is not its preference to make the investment on its own."
I hate debt too, but POG is cheap now. Then he wouldn't have the cash to buy gold at these low prices. Let's see over the next year. I expect 2015 and 2016 to be game changers Sell your shares to the market. ..
I get it. You are venting. Even.with today#$%$ it is up a whopping. 50 from low. Where was POG when this hit low? We are in this together and it has sucked for years. We can go broke being right. No shame in selling for a loss and moving on...
Not true. There are plenty of stocks in this sector that have been whooped over the last two years plus. IAG hasn't been unique in that way at all.
You don't have any shares here. You sold them all at $6 you said. Even though I didn't see that post until the other day.
They keep deleting my posts - "No one is going to take the keys away from us" - Check the news on currencies and know that they are sure trying to. Things are as rosy as you may like to think. Jack Lew today is not happy and stated as much. UK and a host of others are now on board with the Altyn, or whatever the EuroAsian BRICS bank currency will be. They may back it with gold. If the Rothschilds are on board, better realize it is serious. Good luck to everyone.
News, obviously you cannot be counted on for any advice in the metals sector. The go to "world" currency is and will be the XDR composed from the SDR basket, and that is my point with China and BRICS nations cutting in to value. That will reorganize your mentioned index soon. Long overdue actually. Furthermore, you mention people to get 2% after 10 years? Maybe if inflation was zero! Yeah, that is somewhere to go! Not! Give me gold and Silver! Real money! You talk about the ECB making mistakes? All the central banks (esp Fed Reserve and Japan CB) make the same mistakes...they don't accept deflation.
oopsi, you are assuming the price of silver stays where it is. We shall see...
News, I disagree that the dollar will remain strong for that long. If you look at the Dollar index over the last ten years, you will see there is no pattern where it went significantly up like it has and stayed there for a long period of time. Especially parabolic. In my opinion, this is a game changing year that will see China getting into the SDR basket and China getting more control over gold price. Bottom line is China is coming up and so is anyone tying their boat to China. If that doesn't happen, maybe you get your prediction. However, staying high would not be good for anyone. You are also under the assumption of a rate hike it seems. That might keep the dollar index more stable, but since the US is paying interest only payments on debt, why raise the rates to just add to the debt more rapidly. Maybe they will, but I wouldn't not bet on it. Of course, gold and silver can rise with the dollar and have shown strength in doing so. We shall see....
I don't blame SVM, I blame the manipulators. I blame the price of silver. This stock has reacted to the price of silver forthemostpart. Nothing wrong with this company right now. There certainly have been some brutal days and there will be better days ahead. SVM for $1 - What a joke!
Sentiment: Strong Buy