I mean they have positive cash flow. Yes, their reported earnings are negative but I go by cash flow.
Barrick produces gold at a lower all-in mining cost than Newmont, Anglo, and the rest of the industry, so why is it so reviled? Yes, they have debt, but they all have debt, and at least Barrick is producing at a profit unlike most of the rest of the industry. Please explain. Thank you.
From $256 to $1923. The halfway mark is $1089.50 and last night we touched $1087 and rebounded. If that lows holds, I think the 4 year cyclical bear market in gold is over.
Okay, Einstein, you are half-right, which is 50% more than normal, so congratulations there. Yes, ANR has $900 million in cash, but they've have a negative $300 million operating cash flow over the past year. BTU has a positive $300 million operating cash flow over the past year. So even if ANR declares BK, BTU can hold onto until a recovery, which is imminent in my opinion giving the basing action in natural gas. But I hope you're short BTU and you crawl back under your rock.
And those companies don't have $600+ million in cash to tide them over for the next few years. Let's all just take a breath. This company isn't going bankrupt. Lots of leveraged hedge funds and algo HFT's playing games. I am telling you that the day is coming when a switch is flipped in a WS basement somewhere and suddenly everything will go in reverse: what was up will be down and what was down will be up. It'll be instantaneous and we'll wonder what happened. Because what is happening to commodities is irrational. Producers cannot produce for free for very long.
I've never seen such bearishness for a vital industry like coal. The whole industry cannot go bankrupt. Coal is a vital energy source and you can just lay down shovels. The market can't switch 100% to natural gas now or in the conceivable future. The only thing this industry needs is a slight uptick in the nat gas price, and these stocks are going to double or triple in a day.
Greece defaults on its debt, imposes capital controls, threatens to blow up the whole EU experiment, and gold is flat on the day? Gold is now material for making jewelry and plating the ends of audio cables. It's not money, it's not a safe haven, it's a shiny industrial metal. Enjoy your shiny industrial metal. It will never be valued higher than it is today. Banksters win, gold bugs lose. The end.
This is remarkable. More than 50% of the public float is now being shorted. Many of those shares are naked short. I think what we saw the past few days was just a sneak preview of what's coming. MNKD could go bananas to the upside.
I'm sorry. I'm as big a MNKD bull as there is, but where are you getting $45 billion from? If 10% of diabetics (2.5 million) go on Afrezza and pay $2500 per year on Afrezza, the revenue is closer to $6 billion. $45 billion in the US seems impossible.
CNBC made an enormous mistake turning over mornings to that egomaniac. He is literally unwatchable. And unlistenable on SIRIUS, where his idiocy is fully exposed for what it is. Now that Maria B. is doing mornings, I think CNBC will be in a world of hurt.
The rebels launched an assault west of Donetsk. Russia is invading again. More sanctions coming. RSX to 10, as predicted on another thread after we failed at 23.