If they are referring to full year '2014', then the projection probably would be close to $19. Increasing administrative expenses are known. And now that figure may be more per last news releases. Although, new project capital probably won't be included - but because of press releases, mine safety operations will change.
The gold forward offered rate and futures prices have been in backwardation for the first time since 2001, giving more line support. Emerging markets has recently pushed gold higher on its appeal as a 'quasi-currency.' The settling of interest rate derivatives has helped.
Accounting change - All-in sustaining cost is non-GAAP. Costs are higher than the old method 'cash cost' of production.
I didn't notice the second press release until after I posted last. Love to their families.
Quail, it may be time to get off that casino bar stool, soon. Dealer fixed-for-floating-rate swaps were in motion at the close today. Good for gold.
I can see that our village idiot is back with multiple ID's. I believe that my postings on this tread are so real. I am making money with EXK, futures and currencies.
Related to the above post.
On Apr 3, 2014 - "Recommind, a leader in information intelligence, today launched Perceptiv Derivatives Contract Analysis, the world's first SaaS platform to provide investment banks with complete and trusted data from their Over-the-Counter (OTC) International Swaps and Derivatives Association (ISDA) agreements."
"Perceptiv Derivatives Contract Analysis sifts thousands of counterparty agreements to identify the data traders need to drive profits, including eligible collateral, interest rates, termination events, netting, thresholds and independent amounts."
Bottom line over both R & D's in political office, corporate and lobby, rich versus poorer. Gold will rise again.
Sony, What's different from 2008 is the bond and real estate derivative markets. Bankers have invented impenetrable securities to profit from any future misery of lower- and middle-class Americans who can’t pay their debts. Banks now have smart derivatives in place and I believe that they, along with DC and states like California, will destroy the middle class.
Today, the USD didn't matter. Possible actions by the ECB (negative interest rates) is making banks happy for now. Banks are ready to position to European assets and will use US data as manipulation. An inverse of thoughts to US events by the tricky banks for today as per metals were solid today. Bank's next business client wave will include Europe. So why worry about interest-rate derivatives for banking as banking/client insurance in Europe, until they yell fire, and they will at some point. This wasn't a day to be concerned with futures.
PM boards are dying. Pricing of silver/gold has mostly always been about certain currency pairings - reacting to derivatives, that's timed to events, news and banking interest. News and events will be used as manipulation by banks. Some retail will trade to the price of silver or TA, not seeing the money flows first. It's now difficult to know where markets will be next week. Those who follow 'banking money flow' will do better with their under a week trading. I rather just swing, which now only happens a few times a year.
For the last year, I've been talking about interest-rate derivatives. Goldman Suks will be going full-speed ahead with this - articles. They will be many times when we will see moves both ways going forward with metals because of interest-rate derivative trading.
Banks want erratic markets. Emerging market manipulation is becoming a new trend for banks. Mining stocks should had been up on Monday.
Good thoughts, agree. I will call Yahoo direct, if I know that the sites (sign ups) by use of mail - install malware. There is one below, 3 posts deleted, but still in history. Virus infections can also be brought to these sites by competing sites. Besides preloading of shares and manipulation, malware is my major concern. AT&T has a figure of 4.5 million infections from spamming sites in the last year.
Spammers are using 'copy and paste' of other postings. They know that this method will flood and slow down yahoo's actions with spam. They have other ID's to post spam.
Again, for now, I would watch short rates under a year in maturity and sweet Janet and company about rates. That will cover most events. FX Daily just came out and said the same for metals.
CME Focus - Cleared OTC London Gold Forwards - (tag game) between banks
Commodity Index Swaps - IRS CDS
Cleared OTC Interest Rate Swaps ---
There are also non market - non OTC directs - A bank can go long interest rates and short just about anything, including miners.
Make it simple - keeping it simple is just fine for mining stock investors.
Look for US interest rate news. A plus is to also watch China rates. Watch Yellen for continued talk on rates. Some FED voting members disagree on the time to raise rates. If the FED and Janet stop the talk about raising rates this year, --- $$$
In the last three years, it's been difficult to day trade pms - long. Not so difficult for a 1-3 month long swing trade. I don't often swing EXK, but I do well when I do. It's mostly all about financial derivatives. There are many types of derivatives used by banks for self and clients. Many are used as insurance and billions have been used this year alone. Many have a direct connection with commodities, but also with futures and currencies, which I trade often. A good place to start research about financial derivatives is Wikipedia.