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Inergy, L.P. Message Board

danbrady 2 posts  |  Last Activity: Feb 11, 2016 3:52 PM Member since: Jul 29, 1999
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  • danbrady danbrady Feb 8, 2016 12:23 PM Flag

    Look into EXK, HL, PAAS, CDE, AG, SSRI for direct miners.
    Then check out SLW and SAND for financing deals for miners.
    CEF is a bullion fund that holds 50/50 Au & Ag (I'm not a fan of GLD or SLV).

  • Reply to

    Gold massive breakout day, GGN sits still?

    by cashflowgems Feb 5, 2016 3:53 PM
    danbrady danbrady Feb 11, 2016 3:52 PM Flag

    GGN (mainly) works via options on volatility of gold/nat resource shares. They sell "protection" against volatility, and when it doesn't materialize, they get to keep the protection money. In times of actual rapid price rises, they can (and should) under-perform, as they will essentially have to pay up on some actual protection that turned out to be worth something for the buyer.

    They also have a history of announcing their div policy (really mostly ROC classified profits from the protection activiey) every 3 months. They are due for another announcement this Feb; so there may be a bunch of money stepping out of GGN to avoid risk of a payout cut.

    So there you have 2 more factors that may be influencing pricing. GGN pricing in general is severely disconnectd from reality/fundamentals, so trying to "understand" the logic behind things may be something of a hopeless quest...

    Best of luck to all.