By the way: which upchannel. There are various upchannels. Only the steepest has broken, which is not strange, considering the fact that gold has been going down for 6 weeks since mid-January.
ISIS just attacked Iraqi pipelines and also in Jemen pipelines were attacked. Are we entering a new phase of higher oil prices?
Coeur is totally off the radar screen. Rick likes juniors, but he also wants to commit large sums. Coeur has the price of a junior and can can easily aborb large investments. Makes it attractive, I would say.
Wait a few weeks/months and observe how the new global gold exchanges get interconnected and displace the crooked London fix. Arbitrage will take place and desperate London paper owners will go for the real stuff at much higher prices. The result will be a manyfold positive impact on all miner's margins. And Coeur is so well positioned.
For myself, luckily. So i don't have to behave like a prostitute like some JPM paid posters on this board do.
I am holding physical silver and Coeur. Why, when you hold physical, whould you hate a specific miner so much to hang around for many years and bash and bash and bash. I don't believe for a second that you own physical. You are just another JPM peon.
Rochestor is making a tremendous comeback and will be boosting sales the coming yeras. Expansion is even ahead of schedule. I am glad the management team was overhauled over the last few years, since Wheeler left.
Even though I had a collision with Coeur's IR this week, when I recommended they look for less shark infested waters to find their shareholders and bondholders (and smelters/refineries as well), I must say that I like their strategic moves. Although IMO they paid too much for PZG, since they didn't want to wait any longer, they are close enough to break-even to weather maffia induced storms.
The fraudulent bankers are walking on their last feet. New exchanges are opening in Asia. March 20 the new London fix, that will include Asian banks, is starting and it will lead the way away from paper price setting.
Coeur is well positioned IMO.
There seem to be a lot of projects with large copper resources around. I figures that when China and Russia start building large scale infrastructure in central and eastern Asia (Silk road, corridor to Northern India) and take on countries like India, pakistan and Bangladesh as well, we may see high copper demand reappear. That may take a few more years. For those young enough now is a nice time to invest in the pre-feasibility copper mines. I agree.