When people realize that the whole Russia-Ukraine thing is a scam, markets will have an excuse to rally back to historic highs and gold will stop being so shiny.
no they're not they are priced fairly according to the current price of gold. Most miners are reporting astronomical losses every quarter. They can't produce gold at a reasonable cost which is why their depressed prices reflect their business practices.
Ya for sure, I read most of his posts. You gotta give it to the guy he's very educated and definitely knows his gold stocks. I believe he is long for now and so am I. Although I invest in Canadian dollars, im up over 2$ a share and still holding for more. It just doesn't seem to want to break 28$ and stay there.
There was an interesting video yesterday on kitco news:
" Kitco News sits with CPM's Jeff Christian to get his thoughts on the recent preliminary report from Moody’s, which looks at gold’s price movement during the London fix and implies manipulation of the yellow metal's price. Tune in now to our continuous coverage of PDAC in Toronto. Kitco News, March 3, 2014."
Price is probably being manipulated but nobody is ever going to investigate because the 5 big investment banks are running the show. They know they have to throw money at gold to stop it from exploding. Unfortunately, the only chance gold has of going up at this point is either talks of war or another economic crisis/stock collapse. For this reason, I think we will be trading sideways all year. No money to be made being net long. Just keep trading swings.
Im gonna have to agree with MJ on this one. Gold up 1.68% and GG is up 1.45%. I was expecting a 5% day, great short into the fake Ukraine rally.
I don't believe this will impact gold in any way. It was already factored in the price that military intervention would be necessary. Ukraine is a non-event. The economy is just too weak to have any impact on gold/stocks. I believe we will see a slight pullback in gold price this week but should see a decent march gain overall.
paid? lol no I just don't believe in miners anymore. no faith here...
p.s. why do you keep making up stuff about people? get a life
Gold is already down over 10 bucks. News aint pretty for the shiny metal!
I dunno man, i just come on here for pure entertainment. The bashing that goes on this board is popcorn worthy. I don't care what you did and i can't even remember the calls you make on this stock. All i know is mjm rapes you guys in comebacks.
GG lost over 1 billion last quarter, recovery is far less than expected. Great short here, gold will hit resistance at 1340 and tumble again. Remember what happened last year? I never forget.