Bought some 5 oz Sunshine bars today. Picked the wrong time of the day though as I paid $15.75 spot plus a $1.99 per oz. premium.
Anyone notice that Moly Corp. (MCP) went bankrupt? The MINE is killing this company. Sell it, bury it, flood it, burn it, give it away,.......anything. It's a huge anchor and is pulling the otherwise good energy business down a black hole.
So glad I sold this months ago for the very reason that they wouldn't abandon the dream of being a multi resource company.
Should take a page from ACAS's book and do some buybacks. Of course, that wouldn't serve their FEE purposes, just the peon shareholders like us.
At least they have the time now to concentrate on portfolio holdings rather than worrying about ways to sell more shares.
Phil..........I looked at the NASDAQ site. Their dec dates vary greatly but they would have normally declared by now. There was one in 2013 where they didn't declare the April div until after April 1st.........which would translate to early July.
Before the div was an afterthought, but at an $11~ stock price it comes much more into play. Yield now compares with PG, JNJ, and even some utilities.
When I bought it, it had been "resting" awhile in that 29.75 / .85 bid/ask area. Bought it, it sat still for awhile, then headed lower when I did 1.5 hours of yard work. Not a big position (already hold FEI and FPL)............
Thursday might be the crucial day. Markets closed Friday. Greek referendum over the weekend and stepped up terror alerts for our Independence Day weekend. Atmosphere getting more and more ominous. Much cash on hand and no overly outsized positions. Will monitor short ETFs for possible buys.
Actually the futures are down about 250 points on the DJIA............Japan down about 3%.
Oil down 82 cents and natgas down 2 cents...
Nikkei down about 600 points or about 3%.....other Asian markets down.
DJIA futures down about 250 points
S&P 500 down about 33 points
NASDAQ down about 66 points
WTI down .82
natgas down .02
Gold up $12
Silver up 14 cents.
All could change a lot up or down in the next 12 hours........................Kel
Looking at the one or 2 year chart for SLV, the Silver ETF. Very text book - multi point bottom has formed over the last several months.
Also apparent with the USLV (3 X long Silver ETN) one year chart. Multiple bottoms since early March.
Silver closed Friday @ 15.74. I bought some USLV @ 16.63 near the close.
Jman........Notice that KED's NAV is only updated once a month, whereas KMF is updated daily.
KED's current NAV could be in the $27.18 area if it declined 5% since May 31 as KMF's has. So KED might be near an approx 6% discount to adjusted NAV compared to KMF's actual 13% discount.
KED also is much smaller than KMF. Stock might have a higher bid-ask spread making it harder to trade in any amount. No Xtra being paid by KED either.
This group (MLP-CEFs) has really gotten beat up over the last several weeks. Besides the stock price / NAV declines, the discounts to NAV have widened as well. Truly a very beaten up group that might have more downside as the market does its adjusting for higher interest rates......while the FED drags their feet.
Look to your right fool...... .....See that 5 day chart....News was on Thursday. Stock bottomed and rallied into the close on Friday. Might be too late already for the shorts to cover. Carl might make a move before Monday's ope. That would be hilarious........... for the shorties.