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Global X Gold Explorers ETF Message Board

iwynne2002 18 posts  |  Last Activity: Aug 20, 2015 10:31 AM Member since: Apr 2, 2008
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  • The only people worried about this recent price slide are the traders. If you're a long term holder simply hold your position or add if you feel compelled to do so. DIS got ahead of itself on the way up to $120 so a correction was inevitable. I will add if it goes below $100 while I wait for Episode 7 to be released this December.

    Sentiment: Hold

  • Reply to

    Star Wars 2015

    by rosser_robert Aug 9, 2015 11:00 AM
    iwynne2002 iwynne2002 Aug 9, 2015 5:26 PM Flag

    Unless you are releasing in the summer around Christmas is the best possible time. But after Episode 7 Disney has already stated that they are going back to their late May release schedule for future Star Wars films. At least for Episodes 8 and 9. The spinoffs may or may not follow that pattern.

    The great news for shareholders is that with all of the spinoffs and sequels that have already been announced we are going to be getting a Star Wars film in some shape or form pretty much every year going forward.

    Sentiment: Hold

  • Reply to


    by niles_foxworth Aug 6, 2015 3:37 PM
    iwynne2002 iwynne2002 Aug 6, 2015 3:43 PM Flag

    Pretty much. Look I've long said that DIS is not a stock to trade but a generational stock to own over the ultra long term. Let the traders and options players have their fun, I'll sit tight with my shares. I don't plan on adding unless we go under $100.

    A little more perspective....the financial talking heads are lumping Disney in with the rest of the run of the mill media companies. They are much, much more than just that. I look at DIS as a mutual fund in and of itself due to their strong diversification across many segments. Their content alone is enough to get excited about.

    The stock was a bit ahead of itself at $120 which I thought it would not hit under around December. Corrections are healthy long term.

    Sentiment: Hold

  • As a long term stock holder I welcome this selloff. Corrections are healthy. Trade if you must but I'll simply hold my shares. If it dips under $100 I'll add.

    Sentiment: Hold

  • It's clear nobody wants to sell this in front of earnings.

  • Reply to

    Kinross Very Tempting at These Levels

    by iwynne2002 Jul 22, 2015 9:22 AM
    iwynne2002 iwynne2002 Jul 22, 2015 2:04 PM Flag

    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! :)

  • Reply to

    Kinross Very Tempting at These Levels

    by iwynne2002 Jul 22, 2015 9:22 AM
    iwynne2002 iwynne2002 Jul 22, 2015 10:18 AM Flag

    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?

  • Reply to

    500 Gold?

    by chadws89 Jul 22, 2015 6:29 AM
    iwynne2002 iwynne2002 Jul 22, 2015 9:19 AM Flag

    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.

  • iwynne2002 by iwynne2002 Jul 20, 2015 2:01 PM Flag

    I'm expecting a rash of bankruptcies in the gold and silver mining space over the next year or two. What is happening in this sector is incredible to say the least.

  • Reply to

    Shorting DIS is Commiting Financial Suicide

    by ftw_skank Jul 15, 2015 10:11 AM
    iwynne2002 iwynne2002 Jul 20, 2015 1:54 PM Flag

    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.

    Sentiment: Hold

  • 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.

  • iwynne2002 iwynne2002 Jul 16, 2015 12:10 PM Flag

    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.

    Sentiment: Hold

  • Reply to

    shares getting ahead of themselves

    by catjorny31 Jul 15, 2015 12:54 PM
    iwynne2002 iwynne2002 Jul 15, 2015 3:08 PM Flag

    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!

    Sentiment: Hold

  • 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.

  • Reply to

    A Little Technical Analysis on DIS

    by iwynne2002 Jun 18, 2015 10:15 AM
    iwynne2002 iwynne2002 Jul 15, 2015 1:45 PM Flag

    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.

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