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Southern Copper Corp. Message Board

danbrady 5 posts  |  Last Activity: Sep 11, 2014 9:57 AM Member since: Jul 29, 1999
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  • Reply to

    nice article on silver

    by dutchman743 Sep 10, 2014 3:21 PM
    danbrady danbrady Sep 11, 2014 9:57 AM Flag

    Looks like it was a cut & paste from here: (dots etc spelled to dodge the yahoo link eater):
    HTeeTeePee://wwwDOTmonexDOTcom/why/silver_market.html

  • Reply to

    Brutal day today

    by crusaderdog358 Sep 2, 2014 7:10 PM
    danbrady danbrady Sep 8, 2014 11:13 AM Flag

    I bought more too. Brings my DCA up to $3.77. Remember things under $1.90 back in '08?

    I've been running a who's gonna win big competition in my portfolio; exk vs my largest holding. Red heads as you mentioned. But this purchase puts them a bit closer in size; sort of evens the starting line for them both.

    I'm ready for a race.

  • Reply to

    Been here before

    by sergioteide Sep 5, 2014 6:54 AM
    danbrady danbrady Sep 8, 2014 11:09 AM Flag

    I've read that over 70% of all mined Ag comes from mining companies going after *other* ores: copper, moly, gold etc. For those producers, the money they get from Ag is a bonus; thus they don't care what the spot is, don't ever push to end the paper games hijinks, etc. If you look you'll find very few pure Ag miners; it's very hard to do it as a primary biz. Even they will often fudge their cost-per-oz claims in their favor through selling other ores that come up with the Ag.

    When the cost of *other* commodities falls below production costs, *then* you'd expect to see a rapid decline in the supply of Ag, because then 70% of the producers might start idling their real production.

  • Reply to

    Let me see....

    by mwalk65 Aug 16, 2014 9:08 AM
    danbrady danbrady Aug 25, 2014 2:51 PM Flag

    GGN makes "income" by selling covered calls (insurance that is valuable if there is a rapid price rise). Most of the time, the insurance expires worthless and GGN gets to pocket the money paid.
    Should there be a "ballistic" spike in PMs or resources, GGN will likely be hurt by the event. They will then have many of their covered calls exercised; providing them a modest profit, but taking them out of now hot positions with a challenge of how to buy back in.

    Point is: ballistic is maybe the worst market condition for GGN, terminal innui (flatline boredom) being maybe the 2nd. Best of all conditions is a market that seems sure to bust loose, but never does, but has a upward bias.

  • danbrady danbrady Aug 17, 2014 9:01 AM Flag

    1) Bought NRGY in 2010. Small stake, but it paid me $120 per quarter.
    2) SPH spun off in fall 2012. Combined pair paid me $82 per quarter.
    3) NRGM spun off in mid 2013. Combined the three paid $73 per quarter.
    4) NRGY- CEQP and NRGM- CMPL in fall of 2013. Still all three pay $73 per quarter.

    Tax prep person charges by the K1.

SCCO
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