Read an article the The Gold Report today by Joseph Fazzini entitled "Six Miners will Weather the Storm"
The last one was Claude Resources. Only two of the six were in Canada, CGRLF and KGILF. This stock is hanging in there compared to most in the sector. It may be kind of hard to see, but there is a turnaround story here. Going to try to buy more shares of this company. Can't say exactly when, but would like to own more.
Also listened to a broadcast interview of Eric Sprott on King World News. It's worth a listen. Hang in there on this stock, if you rode it down to under 10 cents then back up to 50 cents then you got what it takes to ride it out the rest of the way. Eric Sprott points out all the reasons be long the metal and the miners: the huge debt that China has put on, the fragility of the bond markets, gold demand vs gold supply, inflation outstripping wage growth, lack of investment return, growing uneasiness in the stock market, growing default risk, etc., etc...
Yeah, I've been long gold for the last 5+ years, all through the recent downturn, and this is where my comfort level is. OK, been wrong for the last 5 years, will continue to be wrong going forward. Until I am not.
It's been brutal, but this company has weathered the storm. It has much stronger management than it used to. It has been a bright spot, and it will continue to get brighter and brighter.
If you want a peek at when the turnaround might happen, Google : Martin Armstrong gold, he seems to think that since gold held up last week that it will keep going up, if it fell below 1084 he thought it would probably fall below 1000, so maybe the low is in, who knows, either way he sees the big breakout happening next year, something he forecast years ago, he's a guru at forecasting cyclical breakouts.
cheer up lookin, gold still has it's appeal
it hung in there today, closed up a bit
hear that it's hard to buy the physical metal in much quantity
supply/demand still matters
and yeah, a rise in interest rates is inevitable
unless rates go negative
those are the only two alternatives
it's not so obvious, but the world economy is heading into a debt driven deflationary vortex
doubt we get any bump in interest rates this year, the Fed missed their chance
they don't want to send the financial system into a "death spiral"
will probably happen anyway as debt levels and derivative exposure inexorably increase
Gold will rise regardless of the Fed's actions
It will be a tsunami as we head into 2016
got about 5k shares of CLGRF
got lots more of cheaper miners like STADF, MEAOF, and CRCUF
The Higher, The Fewer (oblique star trek NG reference, man it's been so long since I've smoked anything)
it's not where it's been, it's where it is going
don't you know
and i bought 10k shares of STADF this week,
and so of course that sent the stock down
don't you know
silver popped over $15 briefly today,
then it got sent back down,
they keep a tight lid on silver and gold
don't you know
this stock flies under the radar,
way under the radar
Sentiment: Strong Buy
Yeah, i like AG, like EXK more, but AG is good too.
See we are down a bit today, will try to buy 1k more shares of EXK next week, and will try to slowly accumulate more CRCUF on weakness. Gold is hanging in there today. It's not all bad. GLTA
yeah, main stream media has there own acronym mow, MSM, so yeah, got to watch out for that
been reading stuff on zero hedge and harvey organ's blog to stay informed
there has been a long sustained effort to push gold and silver lower IMO
the fact that it is hanging in above there $1080 is something impressive
yeah, there are no great options
got to try to enjoy life
know your risk tolerance and don't bet the farm
maybe make smallish purchases, I'm going to try to buy 1000 more shares of EXK next week
already got 10k shares in one account, got nervous and sold a bunch a few months ago,
looking like that was a great move
cash is always an option
got 1k more EXK shares in another joint account with a family member
got to do what's right for you,
and if you're wrong,
it's still OK
Sentiment: Strong Buy
silver is flirting with $15 today, and gold with $1100
super-negative sentiment is often indicative of a bottom, or wash-out, aka capitulation event
sometimes the ones giving super negative predictions are secretly going long themselves
there was a good article yesterday on yahoo finance entitled "gold is dead, long live gold"
it covers the Japanese economy, gold, oil, and inflation expectations
gold and silver have been highly valued for many thousands of years
it's been around longer than any fiat currency, and will outlive all fiat currency
as debt levels climb and derivative exposure grows
eventually there will come a point when we can't the can down the road and then
the #$%$ will hit the fan
hard to say when, but Armstrong predicts 2016
I've bought some junk panama silver really cheap on ebay, like quarters and halves for a steep discount. yeah, guess I might have some things backwards, go figure.
the most markup on any silver coins I've seen is on leafy-themed coins, on ebay those command over a 100% premium, got a few, they make great gifts
yeah, AG is a strong company, they are aggressively growing their production profile, AG just got another silver mine the other day in a friendly deal with SVLC, they got a lot of debt, but their approach should pay off if gold and silver march higher, don't think they will go much lower, anyway my favorite is EXK, but AG seems good too
speaking of gold and silver marching higher, gold is flirting right now with $1100, and silver with $15
another prospect is PVG, they just got a regulatory nod today to go ahead with their Brucejack project, it is going to start production in 2017, they got really capable management like CRCUF, that's one reason some companies are worth buying even they aren't producing JMO GLTA
I think you just got to hold your nose and buy the metals and the miners at these levels, if they go lower just ride it out, don't panic, if you buy EXK here, the good news is that you can only lose $1.35 per share, so limited downside. But I'm a perma-bull, you probably need to find someone smarter to take advice from. I worked for 10 years as an actuary, passed a boatload of the actuarial exams to get the ASA designation, so I'm not stupid. But I am sort of a #$%$ (if you hadn't noticed).
Sentiment: Strong Buy
you could try the silverdoctors website, they got some reasonably priced bullion, if you want a nicer silver coin though you will have to pay up, and as silver rises so will the premiums
Yeah, have seen that too, MEAOF trades show up on the Venture exchange as MTO.V.
Almost bought more Metanor shares today, but I was able to resist, bought STADF instead.
I have about 90k shares of MEAOF, had sold all my STADF, so I bought some today
Saw Metanor put out another press release today. Not sure why.
They have no intention of filing a 43-101 NI report listing reserves and resources.
And they have no interest on getting onto the main TSO exchange, so guess they
are just trying to boost the stock price. That's such a red flag!
I get the feeling Metanor senior management sits around all day looking at the share price.
They would love for it to go up enough for them to dilute and raise cash.
That's their big idea; it's always been their big idea.
They need to focus on reducing costs and producing more metal.
I will probably just hold my nose and buy a few more shares though. GLTA
any coin with a naked person on it is a good coin, some of the old balboas have an almost naked lady on the obverse, and the 1970 cinco balboa is very nice
yeah, just stacking a few coins and buying a few distressed shares, waiting for the tide to turn...
the libertad is one of my favorite coins
If you can't find the bit on Harvey Organ's blog, you can google "Martin Armstrong", and the details on his prediction was posted just a few days ago, some guys think he is a genius, seems uncanny how he can time the cycles of highs and lows and also forecast the levels, not sure how he does it, and actually it doesn't really matter much to me how he does it, the big thing is that he seems to be able to do it
seems a bit early to me too, but gold held in there today, seems like an expensive proposition to suppress the gold price indefinitely, also don't think this stock will be this cheap for much longer, hwould much rather grow organically than massively dilute like AG did, their revenue is not much higher than EXKs, but their debt and number of shares is also a lot bigger GLTA
Read on Harvey Organ's blog last night that Armstrong thinks it is very important that gold held above $1084, which is a 50% retracement from gold's 2011 high from it's low of 2000. That's big according to him, because if it had breached that level then it would signal the gold price would drop all the way down to the old high it made in 1980 of $800. Since it didn't breach that level, he now sees a 2-week bounce in the gold price, followed by $5000+ gold in 2016 (his prediction),
He correctly predicted the 2011 breakout, and the current pull-back 5 years ago. He's got an uncanny knack for this stuff, using super-cycle analysis and other techniques that are over my head. Now he sees gold rising to $5000+ in 2016 as the financial markets undergo a debt deflationary crisis of unimaginable dimensions. Used to think that Armstrong was just some nut who was locked up for a reason. But now thinking: Maybe he's right.
2016 follows 2015 (my prediction).
Sentiment: Strong Buy
Agree williams that producers are usually the ones of value, but now always.
CRCUF is holding up at least as well as MEAOF,
PZG has held up better than EXK,
PVG is doing better than almost every stock in the sector.
Thinking we have probably formed a bottom in gold here, and silver as well. The $1080 level held in gold, and some folks things that's huge. Read where Dr Martin Armstrong is forecasting a 2-week bounce in gold prices followed by a breakout to $5000 plus in 2016 (his prediction).
2016 will follow 2015 (my prediction).
Now Armstrong predicts the world financial markets will enter into a deflationary debt crisis of unimaginable dimensions. We shall see. He forecast the 2011 breakout, and the current pull-back in gold price, all over 5 years ago.
I like EXK a lot better than AG here, EXK will grow organically in massive ways, AG has grown there debt in massive ways. If silver prices bounce back big then it will pay off for AG. I'm just more conservative.
Read today in Harvey Organ's blog that Dr Martin Armstrong thinks gold has bottomed.
The $1084 floor held, and according to his website as reported on in Harvey's blog, that means a cyclical low has formed, and he sees a two week bounce with gold rising to $5,000 plus in 2016.
2016 comes after 2015 (my prediction).
Armstrong forecast the explosive rally of 2011, and now he sees a debt deflationary financial crisis of unimaginable dimensions.
Scary stuff, all forecast by him more than 5 years ago. Used to think he was just some nut in jail; now thinking that Armstrong has an uncanny knack for getting this stuff right.
Buying more shares of CLGRF this week. GLTA
there is a lot of support for gold at $1080,
and a lot of support for silver at $14.50
think we are close to a bottom here,
3 banks are calling for lower gold prices,
and we know they have no morals when it comes to money,
so expect them to say one thing and do the exact opposite,
the banks that are calling for gold to fall under $1000
are the ones going long the metal here, that why they want folks to sell
This stock has done OK considering how the sector has fared, it's roughly at parity with EXK, which mines over 10M Ag-equivalent ounces per year, about 2 million Ag ounces each quarter to go along with 15,000 Au ounces. EXK also has a nice project they want to move ahead with in Jalisco, Mexico, and they have another big prospect in Chihuahua, Mexico. They are on track to become a major silver producer, a nice balance sheet, and perhaps most importantly, they have very strong management team. You might jump ship and buy EXK shares here. Just a thought. GLTA
I have owned this stock for many years, can remember wondering when would they ever start producing Some things have changed, like as they started producing the stock price came down. Weird.
Can't sell at these levels. Also hard to buy. One constant is the inept management through it all. The latest strategy is drill baby drill in an attempt to boost the share price. The management seems more concerned about the share price than mine operations. That's a red flag.
But even so, I'm probably going to buy more shares of this company. There's also a lot to like at Metanor.
Seems clear that the company is not going under but it's priced that way.
Under better management this stock could easily triple.
If sentiment in the sector improved the stock could easily quadruple.
If you can wait long enough, both the sentiment and management are guaranteed to change. GLTA