At less than $4 a share this is a gold mine (or silver mine). Well managed producer, hoarding or setting aside a good percentage of their production at low prices. Look at the financials and tell me this is a 40 cent stock. Any uptick in PM prices and we are back to $6. I am buying it now on sale, if it reaches 3.50 i will load the truck.
EXk has been up and down for couple years, at his level of 3.60 it is too hard to resist. The so called experts say we are entering a period of deflation, PM prices are low and dropping....hum. I picked up some shares on the cheap today, if prices drop to say 3.50 I am loading the truck. Look at the charts man!
I bought at 1.70 and was wondering if i had lost my mind....glad to see this hugh rally but got my finger on the trigger if it starts dropping again....good call.
I remember all the talking heads a couple years ago when gold was trading at 1800-1900 jumping on the bandwagon saying that was the place to be.....remember. Prices of all PM now are below the profit margins of miners, ya really think this is going to hold?
Da boys are pounding metals down, again. GS forecasting $1000 gold in 4th quarter. Looks like some downside action, for now.
You may need to buy more on the dips, it helps to cost average. Unfortunately there may be more downside coming soon. Larry Edelson with Money & Markets wrote a piece this morning saying the deflation seen in the euro may be coming to america soon and he is calling for gold to trade below $1000 by next spring....he has been correct with forecasting prices for the last 2-3 years.
Took some profits and sold a good chunk at 5.29. I may regret selling but i do see some weakness ahead and wanted to take some off the table for now.
Interesting interview on King World News with Sprott regarding last weeks takedown of silver prices. Sounds like something big is in the wind. Buy while you can folks.
Hope you covered your shorts while we were loading the truck. If not you may dirty them soon. Laughing at the desperation in your posts otto clown.
Well said, but if prices do make another push lower odds are i will liquidate my position as i did a year or 2 ago and buy back at the lower price. Long term prices have to move higher, but when.....that is the million dollar question isn't it?
Order finally filed at 4.90 in the afternoon, i had a small order at the open but schwab was unable to properly explain why it did not fill. It would appear HFT and BIG money players are in control. A good bet to watch closely and never forget who is running (or ruining) this market.
Tried to buy at the open for 4.90 but schwab did not fill anything? Now it as at 5.04, I feel cheated. Was anyone able to grab any shares this morning?
I posted my main position at 4.10 also, way ahead of the game at this point and doubled up today. We may have some continued weakness for awhile, but prepared to add more when it goes on sale next.
Worthless? Gold is trading for over $1200 an ounce, worthless would mean $0 and no value. Get over your your emotions and write something of actual value, are you a small child, you write like a 10 year old?
I have traded it for several years in both taxable and non taxable brokerage accounts. I cannot recall if i got a K1 or not. This poster is either a basher/trasher trying to discourage investors or maybe he buys a million shares at a time but i have never been dinged before. I can tell you millions in shares trade daily, they are not low volume etf's