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Pan American Silver Corp. Message Board

dcpayne1 173 posts  |  Last Activity: 9 hours ago Member since: May 7, 2006
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  • dcpayne1@verizon.net dcpayne1 9 hours ago Flag

    Jack, been buy'n shares since 1995 and I still like 'em~!

  • I believe it would confirm the newly established uptrend.. don't you??

  • Reply to

    Should We Sell

    by deasondepaula Feb 11, 2016 11:51 AM
    dcpayne1@verizon.net dcpayne1 Feb 11, 2016 2:34 PM Flag

    IF YOU HAVE NO CONVICTION ABOUT WHY YOU WOULD BUY PRECIOUS METALS.. yes, you should sell.

  • Reply to

    huge upside today

    by mlkel Feb 11, 2016 7:08 AM
    dcpayne1@verizon.net dcpayne1 Feb 11, 2016 9:36 AM Flag

    we expect the move in precious metals to have greater staying power in 2016, as the currency backdrop in the markets shifts from dollar strength to weakness. Generally speaking, we still find precious metals very attractively positioned going forward, assuming 1) the dollar cyclically turns down; 2) inflation keeps its foothold, 3) nominal yields remain historically low, and hence - real yields decline.

    All things considered, with financial markets likely remaining under pressure this year and central banks broadly limited, we see no reason to believe that real yields won't ultimately test their respective 2011 lows, which augurs that another significant move higher still remains on the horizon for precious metals.
    Gold prices have increased 10% in 2016 due to increased volatility in the global equity markets and concerns regarding economic growth, leading to an increase in gold long positions.

    The volatility in the stock market will encourage investors to buy more gold since it is considered as a safe haven investment, which is why prices might increase to $1,400/ounce.

    FCX’s gold sales are expected to rise 44% in 2016 and 2017, which will have a positive impact on its margins due to improved pricing.

    For each $50/ounce increase in gold prices, FCX’s EBITDA increases by $110 million and operating cash flow increases by $65 million, indicating that its key metrics will get better.

    In a recent article, I had pointed out how an improvement in the copper market's dynamics will allow Freeport-McMoRan (NYSE:FCX) to improve its EBITDA performance remarkably this year. But, the strength in copper prices on the back of an improving demand-supply equation is not the only reason why investors should consider going long Freeport. In my opinion, the recent recovery in gold pricing is another key reason why Freeport will improve its financial performance this year. Let's see why.

    The gold rally has just begun

    On February 9, gold prices clocked eight-month highs on the back of a sustained rally in the price of the yellow metal, which is now up around 10% this year. Gold now trades just under $1,200 per ounce, and I won't be surprised if the rally gains more momentum going forward. Now, there are a number of reasons why the rally in gold prices will continue, including demand-supply factors and macroeconomic movements.
    Traders Shunning U.S. Dollar In Favor Of Gold, Silver – optionsXpress

    Thursday February 11, 2016 09:04
    The U.S. dollar has been heading lower, prompting many market participants to turn to gold and silver, says Rob Kurzatkowski, senior commodity analyst with optionsXpress. He says that Federal Reserve Chair Janet Yellen Wednesday did not rule out an interest-rate hike again in 2016, but nevertheless policymakers are now expected to keep rates static for the remainder of the year. “As a result, the upside in the greenback could be seen as limited, barring a drastic negative shift in economic conditions overseas,” optionsXpress says. The firm says “traders have shunned the currency in favor of precious metals, which have seen resurgence in recent weeks.” This has been the case again early Thursday, with the euro up to $1.13407 as of 8:01 a.m. EST from $1.12900 late Wednesday. Comex April gold was $41.30 higher to $1,235.90 an ounce.

    Global gold ETF holdings have risen by 3.86 million ounces so far in 2016, UBS reports. “Around 66% of gains have been accounted for by inflows into U.S.-based ETF funds, 31% into European funds and the remainder has gone into gold ETFs in Asia,” UBS says. “Stepping away from the year-to-date inflow into global gold ETFs, an interesting trend over the past decade has been the increasing geographical dispersion. Holdings have become less concentrated in the U.S. European gold ETFs now account for 36% of global holdings from just under 20% a decade ago.

  • Reply to

    Buy Puts Now

    by mullensellerbrock Feb 10, 2016 10:43 AM
    dcpayne1@verizon.net dcpayne1 Feb 11, 2016 8:50 AM Flag

    Generally speaking, we still find precious metals very attractively positioned going forward, assuming 1) the dollar cyclically turns down; 2) inflation keeps its foothold, 3) nominal yields remain historically low, and hence - real yields decline.

    All things considered, with financial markets likely remaining under pressure this year and central banks broadly limited, we see no reason to believe that real yields won't ultimately test their respective 2011 lows, which augurs that another significant move higher still remains on the horizon for precious metals.

  • Reply to

    Buy Puts Now

    by mullensellerbrock Feb 10, 2016 10:43 AM
    dcpayne1@verizon.net dcpayne1 Feb 11, 2016 8:08 AM Flag

    Only sell at bottoms and buy at tops..Just ask Dolt.

    Sentiment: Strong Buy

  • Reply to

    Market getting clobbered but...

    by tedallinnby76 Feb 8, 2016 12:04 PM
    dcpayne1@verizon.net dcpayne1 Feb 10, 2016 9:25 AM Flag

    Elliottwave's Avi Gilburt likes the action and says, "Those loving GDX: Ideally, all 5 waves should be taking us towards the 21/22 region, which is the path we have clearly laid out on our chart for quite a long time.

    AND should silver be able to break through the 16 level, and take us up in 5 waves towards the 18-22 region to complete the green wave I (which has also been on our chart for quite some time), then it will be quite clear that silver has transitioned back into a bull market phase. I have had no desire to be shorting this market aggressively, since we are coming to the end of this 4+ year correction. The time for shorting this market has come and gone, and I have even less desire to short this market at this time. Rather, I am now going to give the bull market the opportunity to re-assert itself, and will continue to ride the long positions purchased and while some of you are attempting to look at the overbought nature of the technicals on the miners and metals and view it as simply another topping pattern just like all the others we have had for years.

    The issue that many overlook is that we apply those technicals differently during bull moves vs. bear moves. You see, if the market has truly bottomed and transitioned into a bull phase, then overbought indicators simply remain overbought as the market continues higher in a 3rd wave. This is when technicals imbed and why so many are caught off guard when a market transitions from bear to bull.

    Sentiment: Strong Buy

  • Reply to

    PAAS Has a Ton of Upside Potential

    by iwynne2002 Feb 8, 2016 10:17 AM
    dcpayne1@verizon.net dcpayne1 Feb 8, 2016 11:30 AM Flag

    GOLD TAKES CHARGE
    The Longer-Term Price Downtrend in Gold is Negated Just today~

    Monday February 08, 2016 10:54
    (Kitco News) -The weekly continuation chart for nearby Comex gold futures shows a 2.5-year-old price downtrend has been negated with the recent upside price action. Prices have pushed above the last "reaction high," on the weekly chart which was the autumn 2015 high of $1,191.70, to negate the uptrend.That's a solid longer-term technical clue that a market bottom is in place and that prices can now trade at least sideways, if not sideways to higher, in the coming weeks and few months.

  • Reply to

    PULLBACK ON PAAS ON THE WAY, GOLD IS TOPPING

    by mota05 Feb 6, 2016 8:42 AM
    dcpayne1@verizon.net dcpayne1 Feb 8, 2016 9:43 AM Flag

    SEEMS I HEARD THAT THE TREND.. has become YOUR FRIEND .. Is this true?? (c: Giddy-up~!!

  • Reply to

    Shorting AG is the way to go

    by papalikesnbg Nov 17, 2015 11:33 AM
    dcpayne1@verizon.net dcpayne1 Feb 8, 2016 9:37 AM Flag

    Nature abhors a gap.. you'll have a chance to buy. I guarantee it.

    Sentiment: Strong Buy

  • dcpayne1@verizon.net by dcpayne1 Feb 5, 2016 4:47 PM Flag

    Now, if there just could have been 2-million shares traded before the market close~!!

  • Reply to

    PAAS shining again

    by tedallinnby76 Feb 5, 2016 12:45 AM
    dcpayne1@verizon.net dcpayne1 Feb 5, 2016 12:35 PM Flag

    Ted, I PROMISE YOU.. there will be more buyers at $15/shr than there will be at $10.. see if I'm wrong.

    Sentiment: Strong Buy

  • dcpayne1@verizon.net by dcpayne1 Feb 4, 2016 11:32 AM Flag

    From Kitco- Technically, April gold futures prices are in a six-week-old uptrend on the daily bar chart and recent price action suggests a market bottom is in place and that prices can continue to trend sideways to higher in the near term. Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,180.00. Bears' next near-term downside price breakout objective is closing prices below solid technical support at this week’s low of $1,115.30. First resistance is seen at $1,155.00 and then at $1,160.00. First support is seen at the overnight low of $1,139.70 and then at $1,130.00. Wyckoff’s Market Rating: 5.0

    March silver bulls have gained upside momentum this week and a three-week-old uptrend is in place on the daily bar chart. Silver bulls’ next upside price breakout objective is closing December futures prices above solid technical resistance at $15.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $14.00. First resistance is at the overnight high of $14.88 and then at $15.00. Next support is seen at the overnight low of $14.65 and then at $14.50

  • dcpayne1@verizon.net dcpayne1 Feb 1, 2016 3:42 PM Flag

    Sorry Goldr, making money.. today~!

    Sentiment: Strong Buy

  • Curious, I thought this was supposed to be at $4 per share~ Well, I'll buy all of it when it goes to ZERO.

  • dcpayne1@verizon.net by dcpayne1 Jan 26, 2016 8:40 AM Flag

    graceland-updatesdotcom/images/stories/16jan/2016jan26silver1.png Stewart Tompson Only if you believe in a silver breakout from the triangle and the imminent rally in silver stocks. Yep.. he says silver stock miners.

  • Reply to

    Makes no sense getting into PAAS over CDE

    by goldnogood Jan 21, 2016 1:09 PM
    dcpayne1@verizon.net dcpayne1 Jan 21, 2016 1:14 PM Flag

    2016 Starts off With a Cliff Dive in Comex Silver Ounces!
    January 21, 2016 (re: Steve San Angelo

    Why the huge Comex silver draw-down is crucial at this stage of the game…?
    How close we now are to the near record low number of ounces we hit in 2011…?

  • Reply to

    Makes no sense getting into PAAS over CDE

    by goldnogood Jan 21, 2016 1:09 PM
    dcpayne1@verizon.net dcpayne1 Jan 21, 2016 1:11 PM Flag

    Your mouth.. God's Ears~!

  • Reply to

    Back up the truck

    by tedallinnby76 Jan 20, 2016 11:58 AM
    dcpayne1@verizon.net dcpayne1 Jan 20, 2016 2:59 PM Flag

    I understand that this company will pay you three (3) Percent on your money just to own it's common stock.. IS THAT POSSIBLE?? Of course, you may wish and chase this stuff on the way up, right??

  • Reply to

    ted and sakhan

    by cpatrader2001 Jan 19, 2016 10:06 AM
    dcpayne1@verizon.net dcpayne1 Jan 19, 2016 10:22 AM Flag

    Who is this cpatrader.. AND WHAT DOES HE WANT??

    Sentiment: Strong Buy

PAAS
8.86+0.19(+2.19%)Feb 12 4:00 PMEST