Very nice to read an informative post; please stick around. There are so many ID's who come here to disrupt, misinform and litter--with the ultimate goal of moving meaningful posts down and off the page. This is a thankful bump!
After a low is hit, price will often go back to "test" it - to see if it is really the "true" bottom.
I can certainly see a retest of the lows. It would almost be painfully healthy. Where it goes from there , we can't know till it happens.
IF you are long, and it goes back for a test, you want to see it explode back up fairly quickly. if it ranges down at the lows for a week or so, that would be a very bad sign that we could go lower. It also works the other way when new high is hit. Unfortunately, we are not on that game field.
. Since it seems most countries are trying to devalue their currencies as stimulus,
are you thinking Russians would dump metals to drive down PM prices thus strengthening EU fiat?
Which in turn could hurt EU's economic revival.
OTOH, wouldn't dumping PMs hurt the value of Russia's own supply of "real assets?"
Like when a kid throws a temper tantrum and ends up accidentally hurting himself more than the show was intended?
I can see witholding energy as being a very painful attack on the EU.
JUst wondering how dumping metals would hurt the intended victim~
Death Crosses are not good. That said, a lot depends on whether the death cross actually follows through or some fundamental event causes it to reverse propelling it to a higher high. I use and respect TA and certainly take notice of events like a DC but moving average crossovers can often be fake outs if they simply do not follow through. When they do, its mostly only viewed as a significant "hind sight" event. Still I agree that the DC is NOT a good sign and worth keeping an eye on. OTOH, SLW earnings look very good, the hatred of stocks "even associated" with the mining industry reflect extremely bearish sentiment which is actually an extremely bullish and reliable indication from a contrarian perspective. The oversold status of PM shares and the fundamental mess in world economies is more than somewhat supportive of precious metals.
Many of us are very frustrated with the drop in share price so I would chauk the response to your post up to that. I certainly take no offence at your post as you are only reporting what's on the charts. Hope to hear of the Golden Cross someday soon. That will go over much better here, I'm sure. JMO and GLTA!
Mainstream concensus types are calling for 49 cents.
45- 46 cents could prove to disappoint. Hope not; I need some posititve reinforcement.
Still have great faith in this company. But seems like any time treet gets less than the concenus boys put out they tank the stock.
Sentiment: Strong Buy
Welcome back; I think you get some CDE anyway if you buy the GDX ?
Don't think its in the GDXJ which I also own and have been suffering abit with~
Hoping for a turn.
Good advice; I'm thinking I'll get my head out from under water with the next move.
I also think the miners in general have potential for an extra nice move unless they are tanked with the market. So far, they are holding up under today's negativity. Hoping CDE participates at an appropriate level.
Are you still watching IVAN? Looks like a R/S comin'
Snook, I agree that Coeur consistently disappoints; I've been here a long time. Currently under water because I thought $22 would hold and that's my current average after buying back back in.
I'm thinking CDE needs either a sustained breakout ( up) of silver leading to longer term higher silver prices, or cash flowing into the entire horribly depressed mining sector. The hatred of the miners is "supposedly" overdone and perhaps the sector will finally respond as a value play. The big money boys could certainly start a pretty good rally from down here and make a lot of money on the way up after most retail gives them their shares.
I'm a nobody who's lost some faith that CDE will simply move up on it's own fundamentals.
IMO, it will run with the others as part of a "collective" move.
Either scenario would make me happy. I want Cour to go up but at this point, don't really care what the reason is.
More Off target
Do you think I'll ever be happy with my purchase of DHT?
Under water on this as well. Hate to read the board there as audioph is a real downer.
Yes, I do own a few thousand shares of URZ. I thought I was brilliant averaging in to around $1.48 but need a bigger bounce. Have been holding and thinking maybe a buyout. The company looks strong well run and capitalized. I think it will work out but like all the miners; its been a long, long journey. Held a nice bit of it for a ride up to about $7 during the bubble and bought back in too early beginning at @ $2.40 then eventually averaged down to $148 or so. Would be happy with $3.25 but really think there is more potential. Been thinking and listening to rumors that CCJ might acquire URZ but that means nothing till / if it happens. Also have a few shares of DNN but still no CCJ. Would like to pick some up but feel I'm way too "resource" weighted.
Maybe a pop in URZ will provide some CCJ powder.
I know this is OT and many could are less.
But I'm very pleased with the choice as well.
A badly needed.breath of fresh air for the CC.
Hopefully this man can bring some small but positive consolation over the terrible sense of despair gripping the world. A lot to expect, but everything seems so bleak~
Forgive the intrusion; NOW back to CDE a company that is being negatively influenced by dismal sentiment plaguing the entire mining industry. I can't see this PA going on forever but certainly long enough to bring more capitulation before moving up without many of its battered band of shell shocked retails. Watching parts of the market make new highs without me is hard to stomach. I've seen this movie before and the last time I held my nose, I did well. Booked profits, but went back in for more punishment when I thought $22 would hold. I will kick myself for not adding here but expect a correction in the general market may give me another chance at a better price. If not, My current position will eventually work out ( I keep telling myself as I cherry pick articles from KWN~
Hoping for a re-run.
I don't follow WEiss at all~
and really no one can accurately pick a bottom except by dumb luck.
I thought $17 would hold , bought more, - and I'm pretty dumb.
IMO, in a few years (maybe sooner) $24 will look like a really good price.
The mining sector is currently ridiculously priced but it's not going to disappear and go away forever.
Its not the end.
Their product will continue to be in demand for centuries to come.
Doubt this will rise significantly till silver turns and makes a more positive move up. This is a good company.
You may have to wait till they squeeze a few more of us out.
Sentiment is terrible which I understand is very good. I hope this is not the only time in the "Bull market" that this negative sentiment measure is the exception.
This is how we're supposed to feel just before it turns.
Agree, Bullish but there's still room to squeeze some more of us out. Not to mention simply letting us wait till we give up.
IMO don't give in to selling at lows~
Thanks for the heads up V!
I'm at the point where I don't like to look at my portfolio. I know its childish but I tend to do damage when I look and start fussing around trying to make things I have no control over "better" in two trading days or less. My long term stuff is currently a little distressing and waiting for the "turn around" is feeling like Waiting for Godot.
I do own several thousand shares of URZ in the $1.48 zone and see it as a possible buy out. Thanks for keeping an eye out. I still think there's value there and that while U is out of favor, there are still too many plants in operation and still more going on line in China and India. Rumors of U's demise as an energy source may be overdone?
I expect to see a return on this someday, hopefully sooner rather than later.
Need a bit of positive news; thanks for the 10% solution
Entire PM producer sector continues to be masacred! Nothing wrong with "the deal" or SLW , just down with the accompaning terrible sentiment. Some players want us all out ! They are doing a supurb job!!!
Sellers getting down to the bare bones of the market. Who knows how deep it can go though?
Impossible to really call a turn and know you are right.
I hope to still be in when they decide to take it back up!
SLW has certainly not been bid up!
Looks like they are doing their best to scare us out.
Hope that's what's happening~
I hope you are right V,
WE've bounced around here before and it has a "bottoming feel" but the down momentum has been pretty frantic and really rather consistant. The pros have been active with this take down. This is just the first positive looking day. I really want to pull the trigger for a bit more and know I wouldn't be horribly wrong at this level.
OTOH- IF the overall market is topping and we sell off, we could see lower levels accross the board. But really who's left to sell the miners? (Famous last question ?)
. I am looking to pick up value but wonder if we don't have another nasty washout (not that this wasn't bad enough) just to squeeze out a few more funds and retailers~
I guess I'm just shell shocked---
Why the rage; you seem very angry. Nothing too unusual happening here; price goes up, it goes down, and probably up again. Just have to wait and see, or simply sell if it gets too hot here. Do't get too disappointed if it doesn't do exactly what is expected.
I look forward to your predictions!