How could someone that smart believe that manufacturing anything in China will:
1) keep their IP secrets safe
2) not involve fraud / bribery
3) not be damaging to the environment and worker health?
Unless he is trying to destroy the company, I just can't see it...
TOO many igorant people who can't spell "TOO"; "that's is the problem". get them out.
Not that I think Rogers is the best thing since sliced bread, I have to agree with the guy. If you look what happened to gold in the 70s, the run from $30 to over $200 was followed by a 50% drop! If that happened again, $900 gold and $15 silver are certainly not out of the question. The frightening thing is, no matter how much I love SLW, I wonder if they really can survive a few quarters at sub $17/oz pricing.
I'm afraid quite a few miners will be bankrupt by that point. Lower grades, high oil and lower POG is pretty frightening.
Crazy world, but here's the point: Even if gold gets taken down to 1000, silver's industrial usage ain't going anywhere... except up.
Wow, the quality and more significantly, the relevance of the posts here indicate extreme disinterest in NEM. Kind of like RSI at 0. Time to buy!
One mega aspect of miners that will come into play soon is the growing availability of energy supplies in the US. Given that energy costs are one of the largest components for a miner, we should see a massive run into miners as their profits begin to soar. Even when a miner has operations outside of the US, US fuel supplies will dampen world wide prices.
It really is sad. HP was a great company, but was hijacked by the same overpaid #$%$ educated in the same short-term thinking that has destroyed most of America. To have sold off the instrument division, the foundation of the company and a competence which was invaluable was really the beginning of the end. HP will exist... as a minor subsidiary of a Chinese company until they have sucked everything out of it and dump the scraps. $8 or $4 are going to look like mighty wistful "high points" in a year or two. It seems like, if you really want to play the pos, then selling off shares and buying LEAP options is the only way to go. No point tying up as much money...
Is that the imperial "we" or you and your wife? $40 is bit much to expect given the holiday, but I would be happy and not too surprised to see $38.
What's really, really impressive: the original poster has been claiming fraud/problems on this board continually for over a year. He must have a lot of skin in the game to be #$%$ around constantly posting this stuff. It could be one day, there is some kind of earth-shattering announcement proving him right.
That's not all. I heard they are going to fly anyone to the US on British Air, first class, and serve roasted fetuses, cooked in a variety of styles. For extra money, you can even get baby sashimi!
Walmart China-fied the US 20 years ago. Where have you been?
Gold and silver are doing unbelievably good today. When's the last time you have seen the dollar up, oil down big and the markets down big, with PM stocks showing small loses or decent gains?
As far as the election, it was an obvious non-issue for a while. Their policies, in terms of economic impact are almost identical.
It is impressive... with a big drop in oil, US and world markets and strengthening of the dollar. "Normally", gold, silver and the pms would be down at least 4% or more in this kind of market. Maybe people really think it is "different" this time. I can't imagine any of this has anything to do with the election since smart money already knew for at least a week what the results would be. On the other hand, we have all seen pms buck the trend, only to get hit hard and fast a day or so after. Strange market nonetheless...
What have you been drinking?
While many of your points are what drive "us" to buy pms and pm stocks, the fact is, this administration is no different than ANY others since Nixon allowed the deficit to go beyond 5% of GDP. Bush II policy, by definition, was about as centrally planned as can be imagined (and talk about curtailment of freedoms in the "Patriot" act). Reagan's manipulation of the oil market to destroy Russia was another wonderful example of exactly what you are complain about above, yet most dolts treat him as some form of a god (without remembering even his own budget director, called the policies voodoo economics...).
More importantly, irrespective of political party affiliation: only sheer idiots (the US population) would allow ANY president to remain in power with a diagnosis of Alzheimers. Reagan was toast within a year of his 2nd term. We have such a disgracefully inadequate and stagnant constitution, ditto for:
1) Congressmen and Senators EVER being allowed into the lobbying business.
2) No mandatory retirement age for the Supreme Court.
3) The continued existence of the electoral college.
4) The ability to have a locked executive/legislature. While I am not a fan of indirect election of the chief executive in the UK, the idea that once an executive can no longer pass legislation, there are snap elections. Thanks Americans for another four years of deadlock!
5) Besides Reagan, remember some of the "senators for life" who were completely out to lunch (e.g. Jesse Helms was nothing more than a slightly warm moving carcass the last 8 to 10 years of his career). Some basic health requirement is needed that shows a rep, a senator, a judge, a president, is mentally fit for the job.
6) Comparing spending of money to freedom of speech virtually assures money controls everything... and ensures disgracefully bad/destructive/hateful US foreign policy, imposed by corporations, by both republicans and democrats alike.
7) A complete lack of accountability of the president before Congress. Again, the UK has a very, very impressive mechanism of question time. It places executive power under the microscope; where it DESERVES to be.
The list goes on and on... There are so many obvious issues that transcend party, but entrenched interests will never allow any improvement.
NEM is still down (though a trivial amount). This is a pretty bearish omen. When's the last time you have seen gold UP $30+, the DOW up 150+ and NEM DOWN?