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Biogen Idec Inc. Message Board

dinepat203 646 posts  |  Last Activity: Dec 23, 2014 11:32 AM Member since: Sep 29, 2011
  • 1.International gold prices will return to rational levels after shooting high.
    2.With the status of the US dollar as the international reserve currency is shaky, a new global currency setup is being conceived.
    3.Uncertain changes will happen to gold’s traditional dollar-pricing so the US dollar’s influence on gold pricing needs to be re-evaluated.
    4.With the rise of Asian economies, China and India will continue to be the world’s pillars of physical gold demand.
    5.Gold has not only moved from West to East but will continue to move to the East.

    So, China and Europe are embracing gold prior to the replacement of the US dollar as the world reserve currency. I truly wonder what will replace the US dollar.

  • The fact the Eurosystem discloses the ratio between its allocated and unallocated gold and, more important, the fact that the portion of allocated gold is far greater and increasing, tells me the Eurosystem is allocating as much gold as they can. Add to that the Germans are currently repatriating over 600 tonnes of their allocated gold from the US and France, and The Netherlands has just repatriated 123 tonnes of its allocated gold from the US. Will the rest of the Eurosystem follow to repatriate their gold from abroad?

    The Eurosystem is surely up to something with its gold. This can only be seen in advance of a reform of the international monetary system. As Jean-Claude Trichet, former president of the European Central Bank, stated on a financial forum in Beijing at the end of October 2014:

  • 3 Hrs not allowed below $1220

  • dinepat203 dinepat203 Dec 12, 2014 1:33 PM Flag

    Two good descriptions of unallocated gold accounts from the LBMA:

    To take the analogy of simple currency bank accounts, precious metal bars, of any form, may be drawn down, or allocated, from an unallocated account in just the same way that bank notes with specific unique numbers may be drawn out of a bank checking account.

    As you might know bank accounts are fractionally backed.

    UNALLOCATED ACCOUNT: An account where specific bars are not set aside and the customer has a general entitlement to the metal. This is the most convenient, cheapest and most commonly used method of holding metal. The holder is an unsecured creditor.

    The fact the Eurosystem discloses the ratio between its allocated and unallocated gold and, more important, the fact that the portion of allocated gold is far greater and increasing, tells me the Eurosystem is allocating as much gold as they can. Add to that the Germans are currently repatriating over 600 tonnes of their allocated gold from the US and France, and The Netherlands has just repatriated 123 tonnes of its allocated gold from the US. Will the rest of the Eurosystem follow to repatriate their gold from abroad?

  • dinepat203 dinepat203 Dec 12, 2014 10:57 AM Flag

    GOLD IS SHOOTING...UP

  • dinepat203 dinepat203 Dec 12, 2014 10:18 AM Flag

    GOLD BACK ABOVE $1220 .................Live

  • Reply to

    Buyout?

    by longviewcapital Dec 11, 2014 10:37 AM
    dinepat203 dinepat203 Dec 12, 2014 9:25 AM Flag

    Newmount Gold & Barrick Gold merger announcement coming up....

    Some bankers say companies are increasingly discussing forming joint ventures to share costs -- such as power generation, geologists and regional offices -- for mines that operate near each other. But recent precedent isn't good. Barrick and Newmont looked at this in Nevada, but talks have so far gone nowhere.

    Sharing operations without combining companies is difficult. "Each company is going to have its own interest at heart," said Patrick Chidley, a mining analyst at HSBC Securities.

  • Why Are Some Mainstream Investors Buying Gold?
    The negative headlines we all see about gold come from the mainstream. Yet, some in that group are buyers.

    Ray Dalio runs the world's largest hedge fund, with approximately $150 billion in assets under management. As my colleague Marin Katusa puts it, "When Ray talks, you listen."

    And Ray currently allocates 7.5% of his portfolio to gold.

    He's not alone. Joe Wickwire, portfolio manager of Fidelity Investments, said last week, "I believe now is a good time to take advantage of negative short-term trading sentiment in gold."

    Then there are Japanese pension funds, which as recently as 2011 did not invest in gold at all. Today, several hundred Japanese pension funds actively invest in the metal. Consider that Japan is the second-largest pension market in the world. Demand is also reportedly growing from defined benefit and defined contribution plans.

    And just last Friday, Credit Suisse sold $24 million of US notes tied to an index of gold stocks, the largest offering in 14 months, a bet that producers will rebound from near six-year lows.

    These (and other) mainstream investors are clearly not expecting gold and gold stocks to keep declining.

    Why Are Countries Repatriating Gold?
    I mean, it's not as if the New York depository is unsafe. It and Ft. Knox rank as among the most secure storage facilities in the world. That makes the following developments very curious:
    Netherlands repatriated 122 tonnes (3.9 million ounces) last month.
    France's National Front leader urged the Bank of France last month to repatriate all its gold from overseas vaults, and to increase its bullion assets by 20%.
    The Swiss Gold Initiative, which did not pass a popular vote, would've required all overseas gold be repatriated, as well as gold to comprise 20% of Swiss assets.
    Germany announced a repatriation program last year, though the plan has since fizzled.
    And this just in: there are reports that the Belgian central bank is investigating repatriation of its gold reserves.

  • LONDON (Reuters) - Gold edged lower on Friday as some buyers cashed in recent gains, but remained on track for its biggest weekly rise since June as the dollar retreated and sliding oil prices hurt risk appetite and stocks.

    Gold is up nearly 3 percent so far this week, following a 2.1 percent jump the previous week. Falling stock markets have prompted some investors to buy the metal as an alternative asset, while a drop in the greenback made dollar-priced bullion cheaper for other currency holders.

  • dinepat203 dinepat203 Dec 12, 2014 9:09 AM Flag

    The long-time gold bear is intrigued by the metal’s recent bounce, which has helped lift the SPDR Gold Shares ETF (GLD) 5.3% higher during the past month. “A run to $1,250 or $1,280 [an ounce] is certainly possible for gold, certainly when you break a downtrend that is more than a couple of weeks old.”

  • "The oil decline has tended to be negative for bullion but should oil prices move below $60 and the broader financial markets become worried about the impact of lower energy prices globally, then gold may receive some safe-haven-inspired buying," HSBC analysts said in a note.

  • Reply to

    Harvesting a loss

    by rpalermo55 Dec 11, 2014 3:31 PM
    dinepat203 dinepat203 Dec 11, 2014 3:49 PM Flag

    GOLD STABLE AND SHOOOTING....UP

  • Reply to

    Buyout?

    by longviewcapital Dec 11, 2014 10:37 AM
    dinepat203 dinepat203 Dec 11, 2014 2:15 PM Flag

    ABX Buyout can be from world's largest miner BHP (BHP.AX)(BLT.L), Brazil's Vale (VALE5.SA)(RIO.N), Switzerland's Xstrata Plc (XTA.L) and China's aluminum giant Chinalco, parent of Chalco (2600.HK) (601600.SS), are all eyeing ABX's diverse collection of assets.

  • What an Idiot - Babies at WallStreet knows what to Sell and What to Buy....PR after PR .....No technical only sentimental ....What nonsense.

  • Reply to

    $7.8 Billion company trading at Half Price

    by bollingr_band Dec 10, 2014 10:32 AM
    dinepat203 dinepat203 Dec 11, 2014 12:14 PM Flag

    Balance sheet is getting green by next month sale of Assets - AUY $8 to $10. The Street working very hard to keep AUY as low as possible with PR after PR indicates hedges are at short cover and they want retail to sell cheap...

  • Reply to

    AUY $10 by next month...

    by dinepat203 Dec 10, 2014 10:24 AM
    dinepat203 dinepat203 Dec 10, 2014 10:32 AM Flag

    We have plenty of short covers ..........wait and enjoy

  • dinepat203 by dinepat203 Dec 10, 2014 10:24 AM Flag

    April, Yamana triumphed in its joint bid for Canadian-based Osisko Mining, which owned the low-cost Canadian Malartic gold mine in Quebec.

    Yamana said it is reassembling the entire Augusta Resource management team under the leadership of Gil Clausen to run Brio. In June, Clausen agreed to sell Augusta that owned the promising Rosemont copper project in Arizona to HudBay Minerals for about C$555 million ($485 million).

    Yamana said it is going to retain its Chapada and Jacobina mines in Brazil and that the two assets will be managed by the existing, but significantly scaled back management team in Brazil.

    "This approach segregates our portfolios, better focuses our efforts, reduces our overall costs and allows us in the fullness of time to evaluate how to best maximize value for our non-core portfolio," said Yamana Chief Executive Peter Marrone in a statement.

  • Reply to

    AUY ASSETS SALE BALANCE SHEET WILL BE GREEN

    by dinepat203 Dec 10, 2014 10:18 AM
    dinepat203 dinepat203 Dec 10, 2014 10:19 AM Flag

    shortly WILL SEE $10 ON YAMANA

  • Yamana Gold Inc said on Wednesday it will place some of its Brazilian assets that have been deemed as non-core into a subsidiary dubbed Brio Gold and that it will explore a potential sale along with other options for the unit in 2015.

    The Canadian gold miner said it has retained National Bank Financial and CIBC World Markets as financial advisors to assist in the process of evaluating strategic alternatives with respect to Brio Gold.

    The assets being parceled off into Brio Gold include Fazenda Brasileiro, C1 Santa Luz and Pilar, and its Agua Rica project. (Reporting by Euan Rocha Editing b W Simon)

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