I agree. Right now pretty much everyone is bearish on gold. Just go to Marketwatch and take a look at their headlines. 99% of them are gold negative. We may or may not get to $1,000 gold but I am pretty sure we are a lot closer to the bottom here than most think.
But unfortunately the dealers are all raising premiums substantially during this price drop. Eagles are still being sold for between $18-$20 depending on the volume ordered. I am looking for capitulation and maybe we will get that on the next dip. They are throwing everything they have at gold and silver right now so I do believe we are going to get a test of the $13 handle in silver by this fall.
I need to visit my local coin shop and see if they have any silver they are looking to throw away! :)
Yeah I am wondering how far below $1K they will be able to take gold down. I am thinking that $850-$950 is the absolute bottom but we know they can do whatever they want to the paper price. A lot of miners are not going to survive this but the well positioned ones will benefit greatly when the eventual rebound occurs.
I am watching this one closely. It is one of the better positioned miners in the space which is getting absolutely devastated. A lot of names are trading at 2002 levels. They say you are supposed to buy when there's blood in the streets. At what point does this stock become too tempting to pass up?
I don't think it will get that low; $850-$950 is more than likely the absolute bottom. But what do I know? We are all just guessing at the end of the day. The master manipulators can do pretty much anything they want with the paper price.
The shorts were warned. If they got in front of this freight train they deserved to get killed. Shorting DIS ahead of Star Wars? Why? There are much better short candidates out there.
The mining CEO's have nobody to blame but themselves for ramping up production in a bear market. There will be a rash of bankruptcies over the next two years due to poor leadership and terrible market manipulation of gold and silver prices. I think this is the beginning of a total washout. The worse move I ever made was rolling a chunk of my IRA into a basket of mining shares two years ago.
At what point do these stocks become attractive? I don't think I've ever seen a space more hated. Guys like Eric Sprott who have been doubling down in this space for years are suffering catastrophic loses. I can't imagine that there won't be a rash of bankruptcies coming over the next year or so.
Sounds about right. $120 by the time 'Episode 7' drops was my prediction several months ago. That prediction is more than likely going to proven very conservative. With that being said, the technical picture on DIS right now could not be better. I am not a buyer here but definitely would not be going short either.
I would agree that the shares are ahead of themselves, but people have been saying that since the stock was at $60. If you bought in between $15-$20 then taking profits here is a wise decision however I am not sure I would want to be entirely out of the stock. I see DIS going higher into the Star Wars release and so long as the overall markets don't crater it will continue to outperform.
You know the saying; "nobody ever went broke taking profits." Good luck!
It's just a shame that gold and silver prices are so badly manipulated by the big banks out there. Imagine how the miners would be performing in a free and fair market. Sadly that market no longer exists. These miners will likely continue to get killed the short to mid term.
The line in the sand at $118.34 was breached today. Next leg up is very probable now. I would not short DIS here. No reason to get in front on a freight train. There are better short candidates out there.
Definitely a big difference between traders and investors. If I had simply kept the 100 shares that I had at $30 I would be in a much, much better situation with DIS than I am today. Instead I listened to the 'Fast Money' crowd and sold my position at $35. They were certain it was going to pullback but it literally never did. Painful lesson learned on my part. Never be totally out of a stock you believe in and want to own long term.
For the technical players out there $118.27 is the next line in the sand on the way to $120. For the rest of us that just want to own a great company long term. Be right and sit tight.
I am being a bit conservative with my projection as I believe $120 is a given at this point. You make a good point about 'Ant-Man.' Expectations are fairly low so it's got plenty of room to surprise to the upside. There is no doubt in my mind that 'Episode 7' will be the biggest movie of the year even surpassing 'Jurassic World.' The fact that it is being released in IMAX is huge and should not be overlooked. Hold your DIS shares tight.
Yes sir! Barring a broad based stock market meltdown I'm looking for $120-$125 by the 'Episode 7' hits theaters. Hold DIS don't trade it. Pass it onto your kids one day.
Not sure what you are talking about I am just making a point about what I believe will eventually happen with DIS regarding a split. No need for you to get upset; we can agree to disagree.
In any case, best of luck to you.
My hope is that the higher DIS goes in the near term the more pressure will be put on the company to eventually split the stock. Contrary to what analysts out there tell you splits do increase the value of your holdings over the long term because the stock becomes more attractive to a larger pool of investors. Smaller investors are much more likely to buy a stock at $25 than they are at $125.
Once the Star Wars hype train really gets rolling I expect DIS to be trading in the $125 area.
I am not a technical guy but I do refer to it from time to time. If DIS breakouts out above $112.50 we are likely headed for our next leg up.