What is interesting that since a couple of weeks we get the corrections in gold intra-day.
Didn't see your post. I was asking myself that same question. Great.
Technically, we gapped down in july from $4.71 and today we opened with a gap up at ......$4.71.
I do not know much about TA, but is that not an island reversal of some kind?
We are back above $5. There was a time that certain funds had to get out below $5. Do not know if that is still the case.
Silver has started to take part in the rally and that will give a lot of support to Coeur's profitable bottom line.
It was about time for silver to perform. I think you are right, it may start roaring and provoke a short squeeze.
I have been owning them 10 years ago and later sold them, because they got stuck in eternal permitting procedures. They also lost a lot of money on a side step to Fiji.
This news today was totalla unexpected for me.
Luckily, thanks to your earlier zinc or swim message I started paying attention to them again. Much appreciated..
I saw the news and bought at the opening. 12 years in the waiting. They have pretty nice grades of silver as a by-product (lol). Five years of zinc bought. There must indeed be a shortage.
AThey all use models that make them the most money. Look at the FED. They use a totally flawd model that makes them right, while they are totally wrong
Coeur should never have been driven below $5. However the hedge funds decided otherwise. Let them pay dearly for that bluf. We are going towards $6 and higher very soon.
It is a perfect moment for presentations. When an entire sector moves above the 200 dma and gold stays even above its 600 dma, there must be something going on.
"A startup would have required a substantial equipment investment when Coeur was in need of cash"
It may be that Wheeler spend all that cash on less than promising projects. Maybe San Bart maybe Kensington, maybe even Palmarejo, which has cost an awful lot of money. to acquire. So Wheeler made a lot of wrong choices at the time.and it lead him to sell part of the jewelery to Franco. And that mistake led Krebs to acquire Paramount.
So there you go. Excellent people like Rasmussen are making up for mistakes in the past.
In spite of all those mistakes, I still believe this company is horrendously undervalued.
Don't get me wrong. I own Coeur shares because I consider it tremendously undervalued. But this management is keeping up Wheelers standard of giving it away to friends and punish share holders.
A temporarily stranded company like Golden Minerals is leasing out its mining facilities for $4 mln per year. And Coeur sells it all for less than that, including the resources?
Rochestor East and Jualin are helping the US to add more deep storage gold and silver. I have the feeling Nevada will get another boom period soon.
Are they selling the milling and processing facilities at Martha or are they just selling the resources left in the ground. I guess the latter, because I cannot imagine them selling things that cheap, particularly when they may need it for Joaquin.