....TVIX is getting close to giving you 1 share for every share you currently own. The price will go up of course, and that'll fool a lot of newcomers into thinking TVIX is something that it's not -- safe.g
He is already "all in". You cannot demonstrate more conviction in his theme than putting all your eggs in the gold basket-- and taking no salary. Come on, McEwen, more than any other CEO, is putting his money where his mouth is.g
....the history of 70's gold rally that led to the blowoff high of 800 in 1980. Study the chart and tell me whe the panic to get into gold reaches a fever pitch that it will not or can not hit 5000. Remember the tulip bulb panic that got to the price of a house for one single bulb. McEwen knows human nature and that that panic to own gold will go ridiculously high. Exactly how high is not the point, but the long cycle ending at the extreme is.g
Not true. It was first thought it belonged to McEwen, then said McEwen has a mine with a similar name and it is not the mine with the accident.
Elliot wave? One thing for sure, gold stocks follow gold prices not wave theories. Does it. Bother anyone else that NG execs have huge salaries? They make millions even if Ng never comes to life as a miner.
To hold any of these ultra shorts is nuts. Just look at the long term chart. You will get smashed like all the other bugs.
Ian Ball becomes President of Abitibi Royalties where Rob McEwen has just increased his shareholdings to near 1 million shares, Abitibi's second largest shareholder. G
Gray, I see it as a solid place to wait on the the next big gold run. I like the CEO risking everything and no debt. Well, you know the story. But, here's the clincher for me. When gold starts to move higher, the margins will expand dramatically. MUX is well positioned and extremely well run. If gold goes down it will survive, if gold goes up it'll explode. I've been adding slowly over the past year and am willing to wait. G
The Fed is still worried about deflation, and for good reasons. EuroZone is fighting it. No certainty there. Employment is not strong, in fact many more part time workers-- this too gives no certainty. The overall economy is weak. So, is inflation scaring anyone at the Fed? Doubtful.g
Not even close. Best read a few back posts. A lot of people warn. This cannot be traded like a stock, and does not follow VIX.
I too saw the article. It's staggering. What happens in the next panic to dump stocks? The Dow will be 1/1 with the price of gold, as it has been twice before in history. When that will happen is the question. All that money sloshing around in the world had to go somewhere-- now we know. The Central Bankers have decided to go on a gambling binge. Wow.
Couldn't agree more. The dollar is only holding up because it's valued against all the other junk currencies. And of course the phony CPI. But, does feel like gold has bottomed and somehowbit feels very different lately. Cheers.g
Ditto, raganokdg. I believe the sitting and waiting will be well worth it. I like this company for a lot of reasons-- no 1 is Mcewan himself who takes no salary. How many CEOs can you find willing to 100% allign themselves with shareholders. Anyway, the longer the wait for gold to rise the more shares we can pick up at low low prices. The wait may be longer than many want but MUX will be set to profit big time. Best of luck to all the patient shareholders, our time is coming.
With the gold sector stocks you can pretty much throw out the technicals because the gold miners ultimately follow gold, not as much their own internals. In other words, a lousy gold miner will go up big if gold goes up big.g
It's probably plus 90% of longs lose money on TVIX. Some longs thinking it's going back to 10-- they should do the decay % math and figure out how high fear/ VIX would have to go to get this back to 10. Long TVIX is crazy. The math is illustrated in the charts for everyone to see.