At $17+ silver, $50 oil and higher grades at Palmarejo, Coeur must also be approaching break-even.
I believe the worst in silver and gold prices is behind us and we will have Coeur making a nice profit my mid-2015.
2.5% is huge. But, how to pacify Congo and its many local warlords?
Candente (Canariaco in Peru) and Mc Ewen are also waiting for development.
Just saw today that Seabridge has expanded its resources at Deep Kerr with 52%.
There are so many copper/gold projects waiting for development.
I don't think they have set up Coeur Capital with a view to sell it. You have been suggesting they might sell it, when the silver price would stay low much longer. That would be a possibility, but I believe we will see silver rise substantially higher before summer. So Coeur Capital can build and be spun off in 3-4 years time in order to give us a fat dividend.
Silver has broken out of the two month downtrend, so we may get at least a little rally to say $17.50. We may have to wait till May to get a bigger spike.
We are receiving 20.000 signals a day and are supposed to take a decent (short-term trading) decision?
Impossible. Jesse Livermore sat still. Sorry: Edwin Lefevre.
What is there to say. Markets probably contained until the Oracle of Delphi speaks.
Containment of markets is already a wonder by itself.
The world economy is collapsing, so it cannot afford to pay useless people like you anymore (thank god). No bonus in 2014, no job in 2015.
It is total #$%$. Look at the first sentence:
Jose Rizal, Superior General of the Society of Jesus, and his lawyer, Ferdinand Marcos, established this trust for the benefit of humanity
When the Morgue becomes the morgue and takes the entire world down the drain into the slimy substance, where it likes to operate, we will have a normal silver markt again.
This one was certainly wrong. Hey, Snook, you must agree I am the only one admitting I was wrong. Everyone is wrong all the time in this crooked market. Untill the derivatives explode that will remain the case, I am afraid.
I hope most people are more conservative than I am.