this deal. Out of the clear blue sky it started raining money. I like the 5 million warrants striking @ twenty seven cents. The gold delivered at a discount to the market price is a good deal. Who is getting the gold and who is getting the shaft ?
Said shorting the zero interest bonds was the TRADE opportunity of a LIFETIME. If he is correct, and he is not always correct on his bond calls, the gold trade is not opportunistic since gold tends to move up with lower bond yields. If he is right then short gold is the trade. I don't trade on opinions. I trade by the ticker tape. Either way right or wrong I will get a piece of the action.
I did not act on the technical buy signal. I like the signal but it was not confirmed with a high volume of trades in the gold equities. If you are a bait fisherman, you know the fish nibble at the bait, and make the fishing rod bounce lightly. You must be patient and let the fish swallow your bait. Then you can reel it in and fry that fish for supper.
For CEF, Central Fund of Canada Ltd. Lagging behind GDX signal. Will I take this signal and go long ? Something for me to think about. I definitely want to act on this signal even though in this sideways choppy gold market there have been many false signals. Whiplashes.
Reuters__ [ TOKYO, Apr 21 - Japan's Nikkei becnhmark stock index closed 0.3. percent higher, having touched a 15-year intra-day high in morning trade, as investors bought large-cap and securities shares seen as undervalued and presenting strong earnings prospects. The Nikkei ended at 20,187.65, and off an the early high of 20,252.12. Japan Tobacco Inc soared 5.3 percent, while securities brokerages Nomura Holdings Inc and Daiwa Securities Group added 2.9 and 2.5 percent respectively. ] I bought 1000 Nomura shares yesterday. I have many markets on my watch list. Maybe 2015 will be profitable for me. I lost money last year.
I don't get it. With the European Central Bank, The Bank of England and The Bank of Japan using QE monetary tactics, logic tells me gold would price higher. It is not. Just my observation. Since the Japanese Stock Market is heating up I decided to buy Stock in the largest Japanese Broker. Symbol : NMR Nomura Holdings I am Vulcan. Pure logic no emotion. Take it for what it is worth to you.
You should look @ Mizuho Financial Group and some other Japanese stocks OOpsi. I am just joining the party before it is over. Not bottom picking anymore thanks to your advice. I will make an exception for a great value play. I do plan on revisiting Gold. Maybe later this summer. The price action will alert me.
Gold down why hold Kinross Gold ? Made a few dollars on the trade. Entered long position in Japanese Bank. Still holding National Bank of Greece. When you are trading with Banks why not join the sob's ?
By John O'Donnell and Jonathan Gould
FRANKFURT, April 20 (Reuters) - A country that defaults would not have to leave the euro, the European Central Bank's vice president said on Monday, in frank remarks about Greece that also touched on possible capital controls and showed how acute Athens' problems have become.
Speaking as Greece ordered public sector entities to transfer idle reserves to the central bank to help with a cash squeeze, Vitor Constancio discussed the possibility of a debt default and controls on the movement of money, saying neither necessarily meant a departure from the currency bloc.
"If a default will happen ... the legislation does not allow that a country that has a default ... can be expelled from the euro," he told the European Parliament, saying that Greek banks had been told not to increase their exposure to the state to avoid "a possible credit event regarding the state".
The comments from the typically reserved Constancio underscore the seriousness of Greece's predicament and are the most open yet from the ECB, which is providing 110 billion euros of liquidity to the country and its banks.
Constancio also touched on the possibility of capital controls.
"Capital controls can only be introduced if the Greek government requests," he said, adding that they should be temporary and exceptional. "As you saw in the case of Cyprus, capital controls did not imply getting out of the euro."
Constancio underscored ECB support for Greece, telling lawmakers he was sure it would stay in the currency bloc.
"We are convinced at the ECB that there will be no Greek exit," he said. "The (European Union) treaty does not foresee that a country can be formally, legally expelled from the euro. We think it should not happen."
As it stands, the central bank is approving an ever growing amount of emergency funding for Greece's lenders. While Constancio said this could not continue regardless of the circumstances, he hinted that the ECB would be loath to pull the plug.
"If the state defaults, that has no automatic implications regarding the banks, if the banks have not defaulted, if the banks are solvent and if the banks have collateral that is accepted," Constancio said.
Greece is close to having to repay the International Monetary Fund about 1 billion euros in May and officials at the ECB are growing concerned.
The ECB has analysed a scenario in which Greece runs out of money and starts paying civil servants with IOUs, creating a virtual second currency within the euro bloc, people with knowledge of the exercise told Reuters last week. (Editing by Gareth Jones)
I made a small bet on Alpha Bank and National Bank of Greece. Greeks are making big waves for a small country. No predictions on the outcome.
You got me thinking about Kinross Gold options. If I get a paper gain on the stock then I should think about selling some out of the money call options for income. I could sell 20 call options. I don't have that crystal ball so what happens is out of my control. Note : I noticed PAL recapitalized. Bad news for shareholders.
I am only making a small wager on National Bank of Greece. That also goes for my Kinross Gold holdings. Both have links to Russia. I am trying to connect the dots.
[ MOSCOW/BERLIN (Reuters) - Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers.]
Long 2000 shares. Thirty percent of revenue from Russian gold operations. Near fifty two week low price. The last time I tried to trade a bear market rally I used Golden Star Stock as the trading vehicle and it under performed. Yesterday I observed that KGC was a sector under perform. Par for the course. Despite the unfavorable geopolitics effecting the stock price, a cheap Russian Ruble and Cheaper Fuel Costs may boost the bottom line. May Quarterly Report will be telling if my hunches are on or off base.
OOpsi I use price charts and market sentiment to help me make trading decisions. Victor Sperandeo said when the rumors are so thick you can cut them with a knife that is usually a good time to make your bet. The daily soap opera is a side show. Many moons ago I made a stock purchase based on a Yahoo Stock Message Board and the Company shortly thereafter filed for Bankruptcy and moved what assets it had to Malaysia. I lost my shirt. The Yahoo Message Board Buy and Sell recommendations are meaningless, a lot like playing poker and trying to figure out if the fellow that called your bet and raised is bluffing or actually holding the winning hand. I don't know what your game is but I do hope you are not losing your mind or your money.