Funny, in fact not so funny. Postings are going and coming back. Someone is playing around here. Mine's disappear and come back. Too much malware.
Good performance of CDE today. Please plot CDE against silver at the 5 year chart and you will see an interesting wedge and above all lots of upside potential.
And the best is when shorts start competing with other shorts. I think we have reached that stage.
Let them suffer. They deserve it.
Algo's can send the price anywhere, for instance as low as Coeur is today. But since the trading of algo's is not backed by liquidity, we are in virtual no man's land. So when real buying starts kicking in, short squeezes can become enormous.
By comparing today's volume with that of peers Hecla an Silver Wheaton, I can see that the volume in Coeur is again above average. More fresh buying or short covering. I am convinced there are large naked short positions created by the usual criminal suspects. Coal and company. Time for them to get nervous.
I just had a look at the ratio between CDE and the silver price. From 1.00 at the top in 2012 to 0.18 right here at the bottom. I think CDE will get back to 0.40 fast, when the silver price recovers the coming months. Just hope that silver wil accelerate towards the upside.
They have enough rainbows in the cupboard (Preciosa, Joaquin). Just have to undust them.
Confirmation that the Yuan will enter the SDR basket. To be executed in 2016, to be officially decided in November, but agreement this weekend. Not very positive for the dollar, but possibly very positive for gold.