Great interview with the CEO of the ABX and Andrew Macguire on silverdoctors or TF metal.
This will be (or who knows already has been) a game changer. So what will happen now with the 99:100 paper "goldowners" in the LBMA and OTC markets of London, who own paper not backed by real gold.
Watch the arbitrage unfolding.
Listen to the interview with the CEO of Allocated Bullion Exchange that was launched this week on silverdocters or TF metals. This global Allocated Exchange will liberate producers from the shackles of the bullion banks and give them the best price for their output.
Not martha. Lejano is one area, but i think there was more. Would be nice if the bought out MRZ right here and now.
Something else to say. The weekly 50 dma is at $3.80 and the weekly 200dma at $11.30.
The magnet is pulling.
What else to say. This stock should never have been brought below $5 by the algorythms.
At today's price of gold and silver, this stock cannot surge enough to keep up with its surging value.
Short hedgefunds are at the dead end here.
Argentina is going to benefit tremendously from the mining sector. Never understood the Peronist Government. I am glad they have gone. They were just stupid populists without any vision at all. And they ruled the country for so long.
Coeur has some more properties in the south of Aregentian besides Joaquin. I hope they will acquire some more.
Not to be too negative. I have seen the company putting articles on Gold Seek among general articles of analists and writers. The only company doing that. And my reaction was: that is suspicious, I am not interested.
So, as a result I do not know anything about them today.
Remember Archie bunker of All in the familiy. That working class heroe in the US was still comparable tot the European working class hero. We are talking the seventies. But since the eigthies the working class in the US was suddenly as rich as the upper class in Europe. It always astonished me to watch American soaps and see how much luxury these people had. It was the free dollar.
In Europe we have been paying tremendous taxes on gasoline all of our lifes. We do not know better than paying three-four times as much for gasoline than in the US. I do not know how aour bussinesses could compete with the US businesses on that basis. The US could do so thanks to the dollar being the reserve currency and running a permanent trade deficit.
That is now ending. But you should not see it as a punishment. It is the end of a privilege and a new reality, it is as simple as that.
I have done my DD on Coeur many times. They always tend to surprise me gain.
I would never trust a company that puts ads on Gold seek. just too obvious.
I guess most of the market still thinks this company is called Coeur Silver Mining Corporation. Not knowing that at today's price it is more of a gold producer than a silver producer. When the GSR goes down again, Coeur will become more and more of a silver producer again.
In a bull market silver tends to lead gold. Throughout the recent break-out phase of the PMs, gold has been leading silver, reason why the GSR is still in the high seventies. Now that gold has broken out, silver should take the lead again. That is what I expect for the coming week, silver leading gold higher.
Time for the silver miners to show where they started off. An acceleration in silver will do Coeur good.
It is virtually impossible to call the sale of all your production during a quarter at once at the lowest price of the quarter "bad luck". There is more behind that. Like they may have sold silver during that funny January silver spot price far below the market. We will see if that happened, when Q1 results come.
I have no idea how they normally time their sales, but a spread over monthly sales would be a normal risk spreading procedure, I would say. This is just unresponsible behaviour.