If gold was worthless why would they do this and say what they said in the last sentence below ?
AMSTERDAM (AP) — The Dutch Central Bank says it has recently shipped 122.5 tons of gold worth around 4 billion euros ($5 billion) from safekeeping in New York back to its headquarters in Amsterdam.
In a statement Friday morning the bank said that its 612.5-ton national gold reserve is now divided 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18 percent in London.
"With this adjustment the Dutch Central Bank joins other banks that are keeping a larger share of their gold supply in their own country," the bank said in a statement. "In addition to a more balanced division of the gold reserves...this may also contribute to a positive confidence effect with the public."
more often then they make...
Zinc November 21,08:19
Bid/Ask 1.0395 - 1.0400
Change +0.0254 +2.51%
Low/High 1.0139 - 1.0450
Lead November 21,08:19
Bid/Ask 0.9354 - 0.9362
Change +0.0149 +1.62%
Low/High 0.9180 - 0.9392
the 4th largest Zinc Producer in North America !
And did I just see Gold break over 1200 ?
this is the fed induced stock market bubble at work using taxpayer money !
look out shorts !!
He is putting out an article every couple of days saying hecla is sell despite this it continues to rise..
No one kicks a dead dog.....
Wait till it hits 10 per share he will then upgrade it
His reasons for the sell are also nonsense they could be upgrading it with the same reasons..
He or his clients could actually be accumulating it then later they upgrade it..
Besides all this he is always wrong a contrarian indicator..
everyone who wants or can afford an iphone now has one and tablet sales are falling fast lets see where you are in 90 days
Right from the earnings report see what they say about phone and tablet sales !
"Best sellers in the quarter were computers, video games, TVs and appliances, while sales of services, tablets and phones were weaker."
this is !!
I knew V would turn red classic pump and dump by pros it will do this day after day for weeks now drifting back to under 200 eventually IMO
AXP very expensive for rapidly slowing retail business do you disagree ?
look I dare you
URBN TJX HD
this can't be good news for V can it ?
All the Silver supply available could be purchased for only 1/10 the market cap of GE stock or about
19.2 billion at today's prices (see below)
That's chicken feed compared to the paper money out there in the hundreds of trillions !
So if even 1% of stock holders decided to buy silver for example they in turn would have all of the silver available. Think about that in this era of dow stocks with hundreds of billions in market caps with and other central banks fed etc printing money ad infinatum. Of course if some people even bought 10 billion of physical silver the price per oz would be approaching 100.00 and this stock would be around 50.00 per share..
That's not so much a stretch going up 20 times when many stocks go up 30 or 40 times in value....
AS far as gold being overpriced for example it has risen about 5 times since 1980 while the dow is up 17 times...
In addtion the silver ratio then was 30 to 1 where it is 70 to 1 so silver should be close to 40.00 now if the ratio reverts to the mean...
"It is estimated that more than 95% of all the silver ever mined throughout history has already been consumed by industrial use. That silver is gone forever, unrecoverable at any price. In 1900, there were approximately 12 billion ounces of silver in the world. Today, according to The Silver Institute's ''World Silver Survey 2013,'' identifiable silver bullion stocks worldwide (not including bullion held in depositories on which information is not available, or in private investor vaults) totaled just 1.366 billion ounces at the end of 2012."
I said Longs Only lol !! I initially posted this when Hecla was 3.18 and it has been manipulated down to this absurd level but clearly has reversed here are the facts :
If you are reading this and bought Hecla today you would be making a fantastic investment in a hugely underpriced companyIMO Here are some facts that cannot be refuted about Hecla today at 2.50:
First I want to tell you that Janet Yellen at the helm of the FED is the Best thing that could have happened for Gold Silver and Mining stocks.
This is why smart money is piling into them at this time especially since they are so beaten down.
Hecla fer example (which I own) was 11 when gold was 1800 and silver was 40 now it's 2.50 and get this:
Hecla is the largest silver produced in US with 26% of US output in 2013 and massive reserves
Hecla is 3rd largest Lead producer 4th largest Zinc in No America
Hecla has it's mines only in US and Canada so can't get them taxed or nationalized (at least today..)
Hecla has a large number of short shares so could have a short squeeze easily
Hecla Just bought a large gold mine in Canada from Aurizon making it a gold and silver miner
Hecla pays a dividend linked to the price of silver
Hecla insiders are buying it's shares on the open market see Yahoo insider transactions link
Hecla (all shares) could be bought for only 800 million !
Don't believe it's a good buy now ?
I firmly believe that Hecla is going to have a much higher return this year than the overpriced dow and S&P
There is a tremendous amount of money being created and when even a tiny percentage realizes whats going on with the debasing of the dollar and buys these stocks they will be be up 5 to 10 times or more their current price.
You see social media stock like trip yelp etc go up 4 or 5 times think it won;t happen to this one and this one has all of the best properties of a miner as shown above
I will reference this post in the future to show you how much money you could have made if you bought hecla toda
This may explain what Roth Capital is all about: that is they UPGRADED it on the way down and now are DOWNGRADING it on the way up. They are either Crooks who want to BUY it now (like they wanted to SELL it last year) or they are IMBECILES AND INCOMPETENTS but in either case you would not want to listen to them because they are always wrong..