Meanwhile, revolving credit, which largely reflects credit card debt, dipped USD2.4 billion in February after edging down by USD0.2 billion in the previous month.
Alert: Credit card use **Declines** for Second month at an increasing rate
this picture ?
I will say within 2 years these market cap will be reversed
And then Hecla will still be very undervalued
Do you disagree ?
for the price of 1 carton of cigarettes or 1 mcdonalds lunch or 7 lbs of apples I could go on but with the trillions of paper dollard being created out of thin air upside for silver is huge downside is very low to nill
search for the reuters article entitled Retailers push into crowded mobile payment market
many investors in V MS AXP etc are unaware of the competition that is taking market share from these companies lowering their transaction volumes and will force them to lower their fees
There is no stopping them they are here now not in the future that is why V is getting hammered and AXP is on deck..
I made this prediction when v was 226 now you are starting to see I know what i'm talking about.
Did you see the article over the weekend about payment processing systems they are actually saying the space is overcrowded those of you who thought this was years in the future are sadly mistaken.
Read the article see why V is headed lower. I tried to warn you but I was bashed more than 20 times and only 1 thumbs up.
Yes I get your point but thins can change very quickly when this stock market starts to correct the fed will be out to make sure it maintains it's wealth effect they will be talking ore stimulus already Cristine Laguarde IMF and Larry summers talking about more **stimulus* **investment** etc ECB, China, Yellen talking job creation all of this is another word for money printing and that is the CATALYST. To those that enter at this level they be the ones (in the words of the B) who make the most $$$
Do you see how HL holding it;s ground now when markets fall ?
What I am saying is downside risk is NIL upside is huge !
I said Bitcoin like payments systems. Did you see the latest headline under V entitled
"Retailers push into crowded mobile payment market" ?
Thats what I was talking about you think this is yearsaway ? It's here now !
They are reporting in a few days if they have 17 or even 15% or even 12% growth I will admit I was wrong. Lets see what that growth is and lets see what you have to say then.
well right now gold is up much more than silver and there is a bidding war for OSSISCO between Goldcorp and Yamana and hecla earnings will be helped by the rising gold prices...
I will tell you why the stock is dropping imo but you will bash me I'm sure because you are so used to stocks always rising and you always listen to the pros who have a vested interest in keeping you in !
1. price to earnings ratio is 28 but growth rate is 9% making this very overpriced read wall st cheat sheet article says fair value for this is about 165
2. fed reported DECLINE in credit card use last month OK so you say Visa will buck this trend but no doubt the 9% growth is now in jeopardy would you disagree ?
3. Mortage bankers aid applications for purchase of homes and more importantly refis is down to 20 year lows this refi money was fueling much of v gains over the past 2 years people !
4. Competition from digital wallets like Marc Andreeson is coming fast and the pros will start to take that into effect when computing what Visa stock level should be The days of ability of V to charge 2% or 3% on each transaction are numbered !
5. The fed is cutting back stimulus that will mean higher interest rates and people will have less money to spend !
6. A huge number of retailers warned like urban outfitters, american eagle, aeroposta, mcdonalds, walmart etc you think you are immune to this ? This indicates slowdon of credit card transaction fees do I have to spell it out of you ?
7. Market has not corrected for years and is due for a minimum 10% drop do you disagree ?
8. Walmart and probably others will be suing V to recover transaction fees !
Is that enough reason for you ?
Of course you will bash me not one person has agreed with me that is reason number 9
when everyone is bullish and all in who will buy when some want to get out ?
8 more points to go to break 200 but I am expecting the 161 52 week low to be tested.
There is no reason for this to have a pe of 27 with a 9% growth rate and I am expecting that growth rate to go to 7% or less in the current quarter as consumers tapped out on hidden inflation..
The market is speaking to you now loud and clear
are you listening ?
I knew it !
The FED did not want to look like they were totally wrong about forecasting a strong rebound this spring hence the number was close to target, but now that mortgage bankers indicated that applications for purchase and refi or homes was at a 20 year low then going forward expect to see big losses in construction and bank mortgage jobs etc which plays into the fed hands as they don;t really want to stop printing money as bank profits would evaporate so next month much weaker numbers and weak forecasts from companies and the taper will be delayed at 45b or 35B for sure and then we will resume the gold and silver bull market
I will reference this post in 30 days to see if I am right not hecla is 3.16 now for the record...
PS: look at visa is it being distributed as pros know that spending is falling especially since hidden inflation has taken all of the non discretionary money out of consumers unless they are in the top 5% or banksters
Weak.. It was weak so that the interest rates would stay low and to set the tables for taper delay
the speech was not lost on the gold market either....
Fed Fisher speech this am fed just waiting for the excuse to delay the taper....
"On the subject of the Fed's projections for the market, Fisher said the U.S. Federal Reserve must avoid being locked into calendar-based policy commitments and instead ensure its forward guidance is flexible enough to allow it to respond to changing conditions."
Next month I think it will be: surprise we have to delay the taper !
lucky for me me I have one more tranche of PSLV to buy before the next jobs report..
225 224 223 222 221 220 219 218 217 216 215 214 213....
Getting closer to 200 I say by earnings date you will see 190's