Well, I am buying as much as I can here. And that is unfortunately not much as far as I am concerned. Silver is at a crucial point here. I may even surprise Bob.
Fixs your keyboard, Ron. It sends out BS and malware.
Working for a bullion bank, by chance?
These bullion banks and related hedge funds will be in front of real judges before 2020. It is all in the stars.
Unfortunately, the South American tradition is, that if the next Government thinks it will not stay for longer than 4 years, it will do the same as the previous Government, i.e. spend more than they have income.
You would expect that Latin America has had enough years of democracy to come to reason.
I believe that the longer term picture will be in that direction. For the time being, I think that the new Government will need at least 6 months to clear all the cockroaches out of the Peronist cupboard and recover a position of positive cash at the Provincial level. Populists are the same all over the planet. They leave large deficits. Cristina was the perfect example of hollow populism.
The question remains. Will the Exchange Stabilization Fund sell another 100 mln paper contracts to bring down the price of gold?
The answer is: it doesn't matter. It works for 24 hours maximum, then the effect is lost.as markets do what they have to do.
Coeur anticipating today what is to come. Tomorrow will likely be a very bad day for gold and the miners, but probably also one of the last chances to get in at these absurdly low levels.
Ed is right. This is the right moment to go full in. This quarter AISC will drop significantly compared to last quarter due to higher production c.q. higher grades at Palmarejo, Rochestor and Kensington. It has been all indicated in the last quarter report. Diesel costs also continue to fall.
Longs HAD a problem. Shorts HAVE a problem.
Longs can wait. Short sellers not. An additional problem of these short sellers is that they think extremly short term and thus believe that when their position is positive it is in the pocket. But no.
Pulled down to 1 cent below the high in the last 10-20 seconds. I was too early. Semantics.
Good end of the week.
And a nice weekend to all longs.