We all know PM's will eventually turn, but the point you are missing is...Is SVLC and other struggling Miners going to be here when it happens. There are a handful of these Miners under a buck now. Can they survive before the turn?...That's the magic question...I would not take a large position in any of the Miners. Good Luck everyone!!!
If you have a banana they will say just about anything. H.C. Wainwright has a "BUY" on MUX. What can he possible see that would cause them to put a "BUY" in for MUX? They have never made money and the losses are building. x-CEO of Goldcorp has not done anything to build shareholder value. If he holds the majority shares and it still trades at a buck when Gold been selling for roughly $1200+ for years. They keep talking about making more then $600 an ounce profit on each ounce of Gold, yet they are still losing $274 million dollars. Tell me how you have no debt prior to dilution, have great Operations reports and still be losing more and more money. It looks like a scam to me.
All these problems and they highlight mainly the few good issues out there. There is a reason why its been 9 years at zero percent...We are broke!!!
CNBC took one hot area of the housing market in Colorado to try to boost the market. Builders are giving up. The property remains high and they cannot sells the houses in many areas low interest rates or not!!! I think market will crash if they raise rates.
I cannot find a reverse split, which is surprising considering its terrible performance. If they did do one it would be basically useless if it continues to trade on "IMPLIED" BS volatility. There is a way to still make money...The code is TVIX spelled backwards and delete the "T".
I don't bet against a reversal, its just that TVIX will not be a part of it. This is a note destined for the scrap yard!!!
When restaurants fail to do the basics they lose there premium. Its no different for LOCO!!! Its PE is 19, yet its forward PE is 33...NOT GOOD!!! Going to $15 soon...
Its manipulation at its best. Why Miners don't send people to Washington to stop this is besides me. Miners could end up bankrupt!!! This is terrible!!!
PM's are starting to look like all the other scams out there. It only goes up to trap people. Its lost a whole week of upside profit on the open today. Down 7 cents after a great Operations reports. Is it just another commodities scam?
I am purely stating an interesting link. I never said I believed it. You know they have medicines for that LOL. Anyone investing in MUX should have an ID like yours except you may want to change the word after the under score...too loser!!! You are the one investing in a PM miner that has never made $$$ and has lost 95% of its value with a so called experienced x-CEO from Gold Corp. Maybe that will tell you why he doesn't work their anymore. Go try to find another stock since 2008, that fell to .99 and rallied...There isn't one. I feel like I need to LOL, but I won't out of respect to your losses.
Its a joke seeing some stocks with 30, 40, 50+ higher PE's are running through the roof, while stocks like MU is selling at 8x. It it just traded for market average of 17x it would be trading for $56 bucks a share!!!
World Bank employee Karen Hudes link http://search.yahoo.com/search;_ylt=A0SO80_q41hVCgwAZQFXNyoA;_ylc=X1MDMjc2NjY3OQRfcgMyBGZyA3lmcC10LTkwMQRncHJpZANqdXhBNV90b1JoLjZCSXpLUE1Rek5BBG5fcnNsdAMwBG5fc3VnZwMyBG9yaWdpbgNzZWFyY2gueWFob28uY29tBHBvcwMwBHBxc3RyAwRwcXN0cmwDBHFzdHJsAzQ4BHF1ZXJ5A1dvcmxkIGJhbmsgbGF3eWVyIGVtcGxveWVlIG9uIFVTIGRvbGxhciBjb2xsYXBzZQR0X3N0bXADMTQzMTg4OTUwNA--?p=World+bank+lawyer+employee+on+US+dollar+collapse&fr2=sb-top-search&fr=yfp-t-901&fp=1
The Gabelli Gold fund?...Oh yah that's much better. The only Gold/Silver anything should be heavy and test positive for a real precious metal. Anything else is probably a fraud.
Which part is the most sickening? I think its that we even have an SEC. Even when they do hold a company liable, its "US" the shareholders that pay for it. The crooks have already transferred there money and built there homes that are paid for with our $$$.
For all that experience being Gold Corps x-CEO with no initial debt, this company is so beyond an epic failure. Its the worst Mining company snafu ever. It looks so bad, he needs to be investigated.