Institution drive the BUS
Retail jsu chase the fume of the bus.
So GS is driving this Bus into the $5 ditch + margin call to force retail to sell.
Days + weeks later, MNKD can drive backup.
Yes Build it up, Pump it up for 200+ years.
Took the money off the gold standard in 1970's, then pump it some more.... until it POPS.
Rich becomes filthy rich, the middle class becomes poorer ( little raise but full of inflation since 1970s).
The industrialists found new slaves in Asia + Latin America and moved manufacturing away from high cost areas like US + Europe.
The masses are disenfranchised, alternatives to capitalism starts to take roots, socialism in health care is setting in, soon education, welfare, food production and everything else are heading into collective mass one-size-for-all model like WalMart, Target and dollar stores...... socialism then communism Western style is upon us.
That is why Feds is talking up interest rate to prevent the dike from breaking.
*Anemic Wage in jobs created and long term out of work excluded from Labor report.
*PPI and CPI are dropping last 3 + months = Weak demand
*Energy prices dropping like a rock = Weak economic activities
Yellen is like that little Dutch girl, stick her fingers into the crack trying to stop the inevitable RUN ON DUMPING US TREASURY BILLS.
You can only force people to eat bad fermenting rotten meat for so long, eventually they will throw up.
Gold is about to POP between eroding Euros, collapsing yen and over blown US$$.
Gold will be the safe heaven in the coming months and years.
Quant Easing is about to become Exponential Pain up the ying yang.
Sentiment: Strong Buy
China, America’s largest foreign creditor, cut its holdings of U.S. debt for a fourth month in December, based on the latest figures from the Treasury Department. Its stake of $1.24 trillion was the smallest in almost two years.
Russia has also been "trimming" since 2008.
They are losing faith in the tidal wave of QE money flooding the world.
Gold is about to rise as dollar pump job is about to run its course.
Little over a month later they are down 25%..
What did Marrone show them to convince them $4.4 was a good deal?
Was it a pending offer to buy AUY or / and huge ramp up on gold production in 2015?
Excessive selloff on gold miners because fear of 1/4% rate hike.
Greece most likely will default and exit EU in the coming days and weeks.
The gold might strating to shine again.
Fear is extrmely high, no one is pounding the table to buy, margin calls everywhere in gold mining stocks.
May be Feds is aware of the quality of jobs and the low pay rate in newly created jobs.
Also Feds is aware the super strong dollar is hurtuing exports, so a rate raise will damage export businesses.
One thing seems certain, gold is dirt cheap, strong dollar is hurting exporters and Greece won't be bailed out by anyone.
MOst do not believe economy is healthy and sustainable.
Employment is propped up by service jobs and lower pay jobs, not a strength in propelling economy upwards.
Market reacted to potential rate raise by selling off.
The dollar will be weakened if rate is raised amidst an unsustainable growth recovery.
Then gold price will rise which is good for gold miners.
Many disappointed post earnings slide in 2014.
May be it is better to wait after earnings report discount to buy in.
CEO seems to enjoy thrashing his stock price with weak guidance and weak earnings report.
If that is not enough, he diluted the shares while the stock was threading water near the bottom.
AUY is only a buy after a 20% haircut from trading range top.
GS is the Real Terrorist that destroy avg Joe's stock return.
ISIS has nothing on GSis---- the amount of damage done to avg american investors..
Kingdom to maintain oil policy but oil up 2% after news.
The Kingdom policy is not always cohesive within the family.
Expect change after January.
Power struggle within family to follow.
Oil give away does not last forever.
Russians and shale oil producers will likely benefit from impending uptrend in pricing.
Didn't know he was the founder of Yamana.
I will look at Marrone in a very different light from now on.
Wish his $250M pay off 10 folds in the coming quarters.
Many see the $250M equity sale as a negative thing, but I suspect Marrone is trying to really ramp up production and need the additional cash to do it.
At $5M / year compensation, Marrone is likely not a irresponsible lunatic as a CEO, we will hear the guidance in the ER report for 2015 and how the $250M will translate into sales and profit.
In Europe country by country will peel off the Euro. China RMB is the big play in the coming months.
Imagine the tidal wave of events leading up to the eventual divorce from the dollar.
We are in a currency war.
Everyone except US and Swiss has devalued.
If US wants to compete in the export market and protect jobs, it will devalue too- sooner than we think.
Peter Schiff begins to seem very credible.
Especially when US constantly jabs at China from all angles and US QEs probably for the 4th time later this year. Also to protect RMB value and strong purchasing power if it is depegged from the weakening US$.
That will send gold into a much higher stratosphere in sustained fashion.
While oil price crashed, Marrone just guided All In Cost to be near $825/oz as if oil price savings (20% of operation costs) is immaterial to AIC.
Having Marrone at the helm watch all the cash and cost management,and we pay him $5M /year to sabbotage AUY stock price.... wonder if he is trustwortyh to not benefit from all the deals he is cutting without oversight (BOD is asleep with Marrone).
First - While Gold price was crashing in Oct Nov Dec, in the midst of it he HAMMERED the stock price by $1 BILLION charge off which he might have been able to phase it in over 3 or 4 quarters.
Second- whoever the buyers behind the $250M equity buy in could have bought the stocks on the open market Under $4.5 , may be average cheaper than $4.43/share they have paid.
Marrone really don't need the cash at this very moment while the stock price is trying to recover from the crash.
Marrone is clearly aiding short / Naked hedge to weaken AUY stock price.
Where is the BOD oversight????
Are they all in bed with Marrone??
Where exactly did you read the Feb 3rd back out date?
Most of us did not see such info in the press release.
1 day ago, $250M Smart Money bought at $4.43/share
They over paid 15% already or we are entitled to a 15% discount?
Buy with both fists !