Here in WI we have to pay 5.5% state sales tax on top of the coin cost. Makes it a harder proposition buying bullion coins. How is it in your state?
Will be watching closely Monday AM. Either we get our opening rally (happens often here) or some good news from the 12:45 PM Eastern presentation.
Don't forget, they are presenting at a conference on Monday morning @ 9:45 Pacific (12:45 PM Eastern). Maybe some extra good news to roll out along with the obvious positives like...........
***trading of less than 1/2 of book value
***trading at less than 1.5 X cash flow
***reserves over 15 years of production
Kel..................ps....bring out those "down thumbs"
Now at 9.96. Not sure if I want it. Drop in WTI is a little scary. SFY is OK, but what about the whole group? Will keep watching.
Saw that silver dipped under $18.00. Now about 18.04. Traded USLV yesterday. Exited with a tiny profit. Glad I'm not there now. USLV down over $2 today.
Did buy some SQQQ @ 34.44. Will be a one day play, win or lose.
Indication for BABA.....$89 -91.
Gas here in Green Bay, WI has held @ $3.43 for the last few weeks. With RBOB @ $2.56 (unleaded wholesale price) the spread is a high right now @ 87 cents. Probably 20 cents overpriced per gallon at the pump. Taxes and everyone's profits come out of that 83 cents, but the spread is too high right now.
Yellen looking for inflation to tick up a little to the 2% area, still an anemic level historically. Too bad the govt lies so much about the "REAL" cost of living increases.
Sold my 10.10 shares @ 10.39 (one day hold). Just watching now. Below $10.10 would interest me again. Seems to be some firm buyers that don't want it below $10.00.
I'd like to have bought 10% cheaper. Probably wouldn't have happened though. Can't buy at the bid price if there's a 3-4 cent spread. Tried to get "inside" that 4 cent spread yesterday and couldn't get an execution.
It's the big picture here that counts, not a few cents. If the positive trends continue at the company, we'll be laughing about how we could have bought @ 75 - 80 cents.
Now at about 26.20. Range for 52 weeks is 24.11 - 30.61. Next x-div date is about Oct. 8 - 10. Last payout was .995 in July. They usually declare just a few days prior to the X date.
If the div comes in at about $1.00, the annual yield would be 15.25%. Not holding any, just watching.
The hedges guarantee certain prices for their oil production in the $90 + area. They aren't permitted to put on new hedges, so after March 2015 the prices they realize will be totally dependent on market prices. Could be better, or worse, all dependent on the then current WTI pricing.
The poor performance of the stock is probably a reflection of forward looking investors reacting to these uncertainties. If crude prices fall at the same time production starts to decline (no more new wells), a new valuation will be put in place by Mr. Market.
Won't all happen at once, but will gradually over the next year or two.
Kel....................just my opinion
WLT looks like more of a coal pure play. They do produce met coal, but CLF is mostly iron ore along with met coal.
Ten year spikes about 6 basis points to 2.61%, from 2.55%.
DJIA and S&P 500 turn down....DOW down about 22 right now.
Gold and Silver fall.
Kel.....@ 2:04 PM Eastern