I think the republicans have some confidence more than before. This means they will once again try to defund obamacare and will probably have some backing. I think this next debt ceiling fight will be very big. Bigger than the last. Good for gold and bad for the dollar.
First of all....this selling is for suckers. But by all means get wrapped up in it and sell. I am begging you.
Or....you can do your own DD and see what is going on. Artificial manipulation in order to consolidate. NYC Mellon increased holdings of ANV from 500K shares to nearly 15.5 million shares as of September 30 of this year. You don't do that overnight, and if you are going to do that then you try to depress prices so you can accumulate. We are at a technical bottom as we speak at 3.80 and gold is at a crossroads. Soon gold will begin its climb back up. Until then it would be wise to hold. This is a stock you buy and come back to after a couple of months at least.
Are you stupid gagielom? You buy low and sell high. You buy when things are bearish and sell when things are bullish. Do you even know how to invest? I would cover because I believe your short is over.
I am cautiously predicting that we are in a short cover period and the stock will rise to the 6-7 range by year end. I think it has quite a bit more upside next year. Next year is when I believe gold prices will become realistic to the macro environment. Supply and demand will take over and manipulation will be powerless to stop it. I guess we will have to wait and see. I do like how the bashers totally disappear on obviously very bullish days. Gold down sharply and we are up sharply. That shows that a change in sentiment with this stock has occurred. Once again I am cautious, but this is definitely more in line of what I have envisioned for this stock's activity.
I think this is the time that they may have decided it should rise. I said in the past and I was referred to as a "perma bull" etc. I knew it would happen and I stated what exactly?? I stated that we would see $6-$7 by year end. Doesn't seem so far-fetched does it? Snowy....what ya think? You stated I have been wrong, but my time horizon had not ended.
You don't think this fed action will make gold rise? It will....it is just delayed.
I said long ago that the stock will rise because it has to, but they just have not decided it should rise yet. I was a bit off on my forecasting. It will rise some time in the near future.
I am telling you...just give it some time. You will look back on this period and laugh. They want you to sell.
Actually they do not. They are not in cash burn mode. The loss of reserve cash was due to investments in the mining process, which are one time charges. They are cash flow positive. Dingbat.
If you are investing then you don't need to trade to make money. The timed horizon price will make me money. I have patience....you are a trading bandwagon spaz that has lost a ton thus far trying to time this thing. Do what you want with this stock. If you want to sell then by all means sell. It IS going back up but it will be in the future. Do what you want. But don't make things up in order to bolster your position.
I am wrong 100%? I am still up chief. You jumped on a bandwagon. I must say that this setback is a bit troubling, but my time horizon has not changed.
Snowy....you have made no money because you have been wrong in nearly all of your calls. Why drag me into your BS argument with tonybeets anyway? You and your alias gritcart can go elsewhere.
You should cover. I don't know why you would short at this price point, and your scare tactics don't work with this bunch.
Yes...if they sell the same amount at the same price as they did this quarter and do not have the capital expenditures they had this quarter then profits would have been at least double.
China is buying gold as an investment.....not because it is "cool." That's the difference. China has more than picked up the slack.
GDX is representative of the overall miner sector. I think ANV is representative of the high-end miner currently so it has some percentage catching up to do.
China has accumulated much more than India ever has. So imagine 1.5 Indias in the form of China plus a 90% India in the form of present India. That is what you have now. Not worried about India.