It was written in Nov 2015 and they knew it was coming but delayed it.
November 18, 2015 — 6:05 PM CST
Updated on November 19, 2015 — 2:20 AM CST
Bullion may dip below that level, then recover, BMI forecasts
`We’re not thinking that it’s going to collapse,' Davies says
Gold may become a three-figure commodity once again after holding above $1,000 an ounce for the past six years.
Bullion may slide below that level in the first half of 2016 after the Federal Reserve raises rates and the dollar gains, according to BMI Research, a unit of Fitch Group. Expectations for gradual tightening will cushion the fall, with prices returning to about $1,000 and above, said John Davies, global head of commodities research. The metal was at $1,076.17 at 8:18 a.m. in London.
Gold has lost about 9 percent in 2015, dropping to a five-year low, as Fed policy makers prepare to raise borrowing costs for the first time since 2006, curbing the appeal of the metal because it doesn’t pay interest. Most investors now expect an initial hike next month, with minutes of the Fed’s October meeting, released on Wednesday, strengthening that outlook. Goldman Sachs Group Inc. said last month a December rate rise would probably hurt bullion.
Jeff when inflation hits they have to raise rates, they been putting it of to long. If your long gold you might consider some Puts to protect yourself of buy DZZ which is a short for gold but no one is really paying attention to DZZ right now, but it will pick up if gold continues its drop, good luck
They start moving money out of gold and start buying treasury bonds, you dont make money on gold now, you could get some up`s and down`s in gold but its headed down
Just to let you know, as it just came out on Marketwatch
Sell Short and Buy DWTI by goldoking7777
goldoking7777 • 4 hours ago
sell short and buy DWTI
Remember Pro`s like Goldokong7777 take down there posts when they are wrong which he does a LOT
I never saw a P/E that high for a gold mining company
Oil futures rose in electronic trading Tuesday after the American Petroleum Institute reported that U.S. crude supplies fell by 1.1 million barrels for the week ended May 13, according to sources who reviewed the report. Analysts polled by S&P Global Platts forecast a decline of 3 million barrels for crude inventories. The closely watched Energy Information Administration report will be released Wednesday. June crude CLM6, +1.76% was at $48.47 a barrel in electronic trading, up from the contract's settlement of $48.31 on the New York Mercantile Exchange.
A lot of companies that produce brand names also produce generic, all generic drug prices have crashed. The Brand name i was telling you about was 34,000.00 a year, the generic was 600.00 a year and the generic just dropped to 239.00 a year and now has several companies making it. That tells you how cheap they can make it and still make a profit, but i bet you will start to see a lot of chapter 11 being filed like in the oil industry. VRX got hit hard again, it will be bankruptcy before the end of the year, The new CEO pay is 63 million a year and yes you heard that correctly and if he get VRX back up his bonus is 500 million and yes you heard that correctly, Congress was in rage when they found out and Bill Ackman wasnt honest about the new CEO pay
Hello Trader, good job on the timing, i shorted to early but i still think the miners are way over priced by 30 percent. Also you wont believe who jumped on the bandwagon to short VRX, Jim Chanos the one shorting China still, and Cramer jumped in also saying it could drop another 50 to 70 percent using the Elliot Wave chart
Gold is down 6.90 an oz and GLD is only down .20 cents, when Gold goes up 15 dollars an oz this went up 2.25 a shares, basically this should be down at least a dollar a share, looks like they are manipulating the price of GLD to find buyers
Sequoia Fund was Warren Buffet`s they sold and the manager of that fund left, Warren Buffet called Valeant a sewer
no i am saying not one upgrade in March and with how bad things look i cant see this going up, marketcap is one third of debt, that is not good
Mar 21, 2016 Barclays Downgrade Overweight Equal Weight
Mar 21, 2016 Mizuho Downgrade Neutral Underperform
Mar 16, 2016 Nomura Downgrade Buy Neutral
Mar 16, 2016 CIBC Downgrade Sector Perform Sector Underperform
Mar 15, 2016 Piper Jaffray Downgrade Neutral Underweight
Mar 2, 2016 Canaccord Genuity Downgrade Buy Hold
Mar 1, 2016 RBC Capital Mkts Downgrade Outperform Sector Perform
Feb 29, 2016 TD Securities Downgrade Buy Hold
Only thing i see is DOWNGRADES
Debt-ridden pharmaceutical company Valeant secured an industry veteran as its new chief executive earlier this week — an appointment investors are hoping will enable the company's turnaround.
It won't work, a Wells Fargo analyst said.
Valeant, whose stock price has plunged 65 percent over the last year amid probes into its drug pricing, is too mired in debt to make a full recovery, analyst David Maris said on CNBC's "Halftime Report" on Wednesday.
"A new captain might sound great, but it's the ship that matters," Maris said.
"We see the business remains weak, and the pricing strategy that they've tried to use for the last few years — that game is up."
Ackman knows Buffet is correct and Ackman will be selling his stack and you will know about it when he is done selling, why do you think Ackman admitted he made a mistake buying VRX,,,, and you honestly believe Ackman will throw more money into this company when he knows it was a mistake?