Miners should not be going bankrupt unless they've taken on too much debt.
You just need a good balance sheet to get through times like this.
Situation is insane though. How much longer can they keep this up, hammering gold and silver whether markets go up or down? These one day events where gold and silver stocks rise, followed immediately by days when they get hammered 100 times harder.
soon everyone will be afraid to buy because everyone will assume a green day is followed by a massive hammering in price tomorrow. I think that's the whole idea too. They are trying to train us like Pavlov's dog: buy gold and silver today and you will get your face smashed in tomorrow.
Looks like all hell is going to have to break loose for gold and silver to finally move up. They are going to have to lose control of the market. For that to happen real panic is going to have to set in. Enough panic and indexes will fall and won't rally. Just like is happening in china now. Then there will no longer be any way to hold gold and silver down.
Haven't we already watched this show A hundred times?
Futures red late at night.
Then green by open,
And they hammer gold stocks wdown another 10% tomorrow to prop up the indexes.
Completely agree with you.
Nviv is the only stock I own with no reservations.
Anyone who had the courage to buy on today's run up, even as high as 17.60, probably lucked out here.
Once the news is better absorbed this could get away very quickly from anyone waiting on the sidelines.
Now that you've identified the potential, you have to address the problem:
Why is the market valuing a company worth 900 million minimum I according to your numbers, bring valued by the market at 300 million?
Right now gold us green, +.32. Earlier it was +.80 and I expect it will return to that level by market open and head higher during the trading day
It's never too late.
No one has any idea how far this will go or not go.
You're only thinking in terms if profit , which is what got you into this mess in the first place. You made the opposite gamble of nomoredns. Both of you are gambling, he just happens to have hit the jackpot thus time.
Anyway, what you need to think about here is risk management. That's why you need the vix calls. As a hedge for your uvxy short. You should not be taking a position that can result in total loss.
Recent volatility is nothing unusual given the state of the market,
No vote from Greece could turn the market upside down and if it does nviv price will collapse along with all other biotechs
That will make for some good buying opportunities, but don't jump in to quickly
Once market stabilizes again nviv will trade on catalysts, so if positive news emerges expect a quick run up to previous highs
In the meantime buckle up because this market us about to go DOWN... You'll hear the screams tomorrow... The ultimate roller coaster ride!
If the market falls apart, as appears to be inevitable still this point, LODE goes back over $1 where it belongs
Crisis always eventually puts an end to artificial price suppression
Congrats longs. Patience pays
Sentiment: Strong Buy
No one would have been short precious metals going into Friday's close except the blind.
I've built huge positions in a variety if mining stocks over the last few weeks and assume everyone else aware of valuation and market risk has been doing the same.
Doubt we will see a reversal to the downside Tuesday.
All precious metals stocks are set to soar like never before.
The perfect set up for a massive short squeeze in the futures market.
This relies of course on Greek no vote and corresponding decline in US indexes, sparking off a fairly substantial long awaited correction.
If market goes green tomorrow all bets are off, but I believe we are entering a period of elevated volatility of which gold stocks will be the major beneficiary.
Ok, I see. So with 1000 shares at an average of 42.50 you really need a big jump in this next week. Whats your exit plan in the event volatility gets crushed on Monday?
thrx and tbph, based on current trading price to actual valuation, combined with future catalysts = two of the safest stocks to own in the bio space.
that's the great thing, you can feel confident pouring money in on every dip. how many biotechs can one say that about? most of the time, people taking large positions in biotechs it's pure speculation.
by making huge purchases of THRX regularly, you're just following GSK's lead. Not bad company to be in as an investor.
market ignoring reality = great buying opportunity
Monday, potentially huge reversal for miners. They've set it all up very nicely too, by crushing precious metals to abysmal lows in anticipation of Greek uncertainty and chaos. Now we know why in recent weeks even when indexes were down, gold stocks got hammered. They wanted to get them as low as possible before all hell broke loose. Now we are on the cusp of disaster. If market plunges Monday, gold will definitely prove its status as a non-correlated asset. Fireworks from all the mines!