I thought I'd be posting a buy today, but my order for GG at 18.50 proved to be too greedy. I am my own worst enemy.
Maybe I'll get another chance, but yesterday might have been a bottom for gold.
Thanks guys, FCX looks like it would kill the gold and material birds with one stone.
Interesting, I'll add it to my mining watch list.
Yes, that falling knife; being patient! Hopefully I caught the SDRL knife with the last trade of 20.25, which started at 26.
I'll DCA with whatever I decide on, and post when I initiate. More research required.
I'm still looking to initiate a position in a mining stock and GG is looking like it might be the one. Also considering a non PM mining stock, maybe a general ETF like PICK? Comments?
My order did get canceled, so I placed one for 20.25 thinking maybe next week, if the bleeding continues, I might get some more. When I got home, I saw the order executed. Geez that was fast. Downward momentum is pretty strong. If it gets hacked further during tax loss harvesting season, I might add some more, otherwise I'll check it again on Nov 4th 2015. Did I say jeez? lol
I saw that and tried to cancel my 21.50 order, but it's probably too late. Oh well, maybe I can catch gold without getting cut. If my order cancels, I'll try for lower. Just how low can oil go? We'll all know in hindsight.
Thanks, I couldn't find a reference to it. I'm looking into PM's in some shape or form. Own some silver bars from the early '90's $5-7 dollar range, but that's it.
Someone I respect finds PM's interesting too, which makes me more interested.
Bill is a brilliant man. I've read several of his books and like his writing style as well as his philosophy.
Did something happen to AUY's div? Yahoo has it at .06, but yesterday it was .15 ?
Morningstar has the yield at 4.46%.
Not that either of these sources are 100% accurate.
Did I miss something?
Me too @22.25 - after 24.25 and 26
Now 75% of what I'm willing to invest; have order for 21.50 and that's it.
Let's see how long the divvy holds up and what oil does.
I may be wrong, but I don't believe all the numbers about oil supply and demand.
Here's the way I'm going to play this. Dentistry will get more competitive, discounts will get deeper and I'll have a chance to invest in some dental work that I've been putting off for years ;-)
I initiated a position in Seadrill last week @26 then @24.25, so that's my answer. It could have been RIG, but I basically gambled that the divvy would be paid for four quarters. All theses companies could slash their div if earnings get really thin, so why not start high??
Coin toss between the two and the article doesn't change how I feel. 50% of my allocation for this has been invested, with two more increments of 25% to be determined. The big question, of course, is how frickin' low can they go? Long term, demand should rise again, so we should be ok.
I believe the single biggest factor for the decline of oil and gold is China. Sure Russia and the Middle East too, but China uses a lot of oil and buys a lot of gold.
Due to the recent discussions here I thought this might be interesting to some. It compares some driller stocks.
Interesting guys, I'll look into it. If I'm going to start a position in gold, I definitely want a div. Gold is on the move and will probably go south a bit more. In the meantime my 24.25 SDRL buy got executed and I'm back to even on FSC. And the world keeps turning......
I'm looking to establish a position in gold soon, preferably something with a div. AUY fits this bill, any others I should consider? I was going to just go with a gold mining etf, but may want some more risk. Mmmmm, risk, ...... with a side of anticipation.
Wow, 26% div on AWLCF. Just as good a bet IMO , I guess we'll see how safe these divs are.
Will the driller with the last dividend please turn off the lights.
Well, if I wanted to defend a possibly indefensible position, I could call it a sector bet too. Historically, when a sector has been beaten down more than the others, it has a higher "expected" return in the future. So, I guess that makes me an expecting daddy, I just hope the gestation period isn't much longer than a humans.
Like is a strong word ;-) Desperate to make a bet on something oversold and in the middle of geo political turmoil, is a better description. Not my usual well researched investment to be sure.
Just a bet that oil and the whole Russia situation will come around and if it doesn't, well I hope it won't get beat up much more and still pays it's div. Now where's my dice?
Placed an order for 24.25 - not filled yet.
That's probably a good strategy. This is as much a geo political bet as it is an oil bet. I cancelled my 25 order when I saw oil go under 90, but will try to catch it at 24, then follow it down to 22 if necessary, then I'll be done.
I may double down on my small cap ETF that I bought in Jan. Who knows? Thanks to my bonds and utilities, I'm not suffering too much.
When I was with Morgan Stanley, I always got in every IPO I wanted, they get first tier shares.
Fidelity - never for a big one. I keep trying anyway.