Turn around tomorrow.. I LIKE THE SOUND OF THAT.. problem is: Tomorrow Never Comes! I do like optimism and share yours.
Sentiment: Strong Buy
Sakhaneft, I buy a lot of my physicals at Gainesville Coins in Lutz. Bank wire and generally same day pick-up. Costs are straight-up and I favor 1 ounce coins for ease of liquidity and carry. Eagles are still a favorite but I just picked up some Gadsden Flag "Don't Tread on Me" rounds that are very nice. Thanks for the heads-up on the 100 oz. bars.. IT'S ALL GOOD at these prices.
Sentiment: Strong Buy
Sakhaneft, my buddy Otto, says that silver is on it's way to $4/ounce... doesn't that mean that Pan American Shares will necessarily trade at a minus -$6.00/share? Seems only right that these Vancouver guys will mine silver and end up.. IN THE HOLE!! Don't ya think?
Personally, I have bought some physicals this morning and have found some genuine bargains in the premium older numismatic rarities that generally carry much larger values from a numismatic perspective. I'm also finding something even more rare.. some value in domestic gold miner take-over candidates! Specifically, things like GSV in Nevada.
Sentiment: Strong Buy
KITCO market watchers say they will watch to see if gold takes out Monday’s lows near $1,226 and the dollar index takes out last week’s highs around 84.65. If that can’t happen, both of those markets may see their near-term directions changes. If gold prices can rally, technicians say there are some resting buy stops between $1,245-$1,251, which, if triggered, could mean further upside for gold. Of course, who makes their purchase or sell decisions based on these judgements? Does seem to boil down to the strength of ones convictions.
Sentiment: Strong Buy
Sakaneft, it would seem that more technical indicators are lining up on a more positive near term outlook for the metals.. and I can't argue with that. One thing I've noticed about your trading technique is that you don't seem to enjoy chasing markets.. in either direction. This makes sense to me and tells me that you outline your targeting objectives and stick with them. Other than blind luck, that seems the better approach to consistent profit objectives. Good luck to all. dcp
Golf of Tonka was a miniature children's golf club set, originally designed and manufactured in Minnetonka, Minnesota during the 60's. Did I get it right?
Sakhaneft, Got a hunch? Bet a Bunch! Intrepid.. that's our Sakhaneft. Calling tops and bottoms has got to be the MOST DIFFICULT art that an investor can dabble in.. Here's to putting wind in your sails!
Nothing wrong with currency as long as it is 'backed' by something besides 'full-faith and credit'.. I know this is an alien concept for you.. but spend thirty (30) seconds and I think you'll get it.
Sakhaneft, I see nothing excessive in your projected targets for silver and PanAmerican share prices in particular.. I think that key to all prediction is understanding what it is that all these projections are priced at in terms of currency. Dollars are NOT the medium that they once were.. when did your doctor last tell you that your 'ticker' was "as sound as a dollar" or that the conclusions of learned philosopher or scientist were as 'sound as a dollar?" .. This was a common term in the early part of the last century.. but there is NOT A SINGLE COLLEGE AGE STUDENT that has ever heard it repeated. Dollars have benefited ONLY because everything they've been measured against (in terms of currency) are WORSE! I proclaim that it is ALL .. merely a RACE TO THE BOTTOM.. or, if you will pardon the pun.. de-basement!
The toughest discipline always seems to be the application and adherence to understanding that 'the trend remains in place right up to the point where the trend ends' and the direction of the trend changes and the trend is reborn as something else. Violence is born of complacency and I concur that we live in dangerous times. I really like long term trends and feel comfortable with sticking with what works. Bonds and equities are precarious and I suspect that the carnage will have repercussions that will likely be felt in all nations, capitols and currencies. This is that uneasy feeling that translates into the caution which is building. Terror and confusion will rest on the seat of government to once again.. PUMP and PRIME... I'm curious as to how long they can get away with it. I guess we shall find out.
bqdoo, sooner than you might believe. The world is on-fire and we are busy drawing 'RED-LINES' and sending TWEETS!!
BQdoo, I'm very interested in seeing the Dolores project enhancements and celebrate the fact that Manantial Espejo seems to be finally gaining some momentum. San Vicente seems no more than a distraction and I'm hoping that Pan American management keeps enough dry powder to weather the storm while continuing to curtail all-in production costs. Argentina refuses to acknowledge fiscal debt repayment problems and won't address the need for continued austerity. All one needs to do is look how well socialism continues to work in France!
Bass, seems like shorts are getting desperate. I'm looking at $26/ounce silver in the first quarter of 2015... and I put my money where my mouth is. Take a peak at ABX.. as a sling-shot.. and GDXJ as a safe way to get ahead of the game. I'm stick'n with Pan American because I am a silver fanatic who really likes this Canadian management team and the current projects mined and under development. dcp
Simple, we got to open the borders and get more Mexicans, Guatemalans, Nicaraguans, Hondurans, Ecuadorans.. and ANYONE else to come here, work.. pay taxes and NOT collect social services or entitlements.... you do that.. and I'll talk to you about cancelling Social Security. Do we have a deal?
Rateman, your take is always entertaining. I'm fond of your optimistic bent and loyalty to Pan American.. I suspect that at some point you will be able to congratulate your persistence and cycle reasoning is as good or better than a lot of theories that are afloat.. and especially within the miners. Good luck to all hard-core metals traders. We have a lot going for us when you consider that the interest on $20 Trillion will keep government printing presses working 24/7 for years to come. IF interest rates begin to climb.. this is what will drive investor sentiment in the metals as the double whammy of a bear market combined with the prospects of rising inflation will set the tone of PM markets for an extended period of time. I tend to believe that things are cheap .. especially when priced in terms of dollars.
Jack, I should be so broke.. maybe you should trade some grocery money for a share or two.. now would guarantee that you've not bought at the top!
Sakhaneft, some days you get a gift... I guess you have to be looking for it and waiting to climb on board the train. Nice to see your patience put you in a position to ride. I'm ready and I know you are, too!
Your words hold 'IRON' Pale-face.. numbers were known by the players at least 24 hours previous and the reaction in stock prices seemed to indicate a 'non-event' for traders. For investors, the quarter produced further validation of management commitment to under-promise and over deliver. Nothing to see here, folks.. STEADY AS SHE GOES!