Recently a single EUR/USD trade represented only 28% of all USD transactions (not index weight) as euro zone economy betting has been largely in control of the volume and outcome. Next week is also FOMC and that should place equal eyes on the USD side of the equation or trade. I think that traders will be on the streets next week ready to quickly make theirs bets. The dollar should remain strong for the next few weeks as reactions from other than EUR/USD smaller pairings should be watched for strength or weakness. It's hard to say anything more about this as things could change quickly. Gold could rise or not per central banks and from other material events globally next week. I don't know, but after the Swiss made their announcement it was easy to see where things were going for the next week. Now it's back to each owns economic homework for comfort as the financial media should be increasing confusion.
Gold/silver upward mobility has been anticipated by many. Gold is now seeing some pressure as king dollar set an 11 year high against the euro a few hours ago. Until the Greek vote on Sunday, many will continue to hold gold, but now I would include currency pairing attention and related data. I believe that it won't be a free from thinking ticket as it has been of late.
Correct - All-in by-product sustaining costs of production (including sustaining capex, exploration and G&A costs) were forecasted by company at the beginning of 14 to be approximately $19 per oz of silver produced and all-in co-product sustaining costs of production were predicted to be approximately $19 per oz silver at $1,166 per oz gold. Direct operating costs were estimated to be in the $95 per tonne range.
EXK arrives at per ounce cost revenue minus net income to equal total costs, as in payable not produced. So payable determines cash costs, including derivative and foreign exchange gains or losses. Their is a long list of what is a cash cost and what is either added or deducted such as refining costs.
EXK reported 3rd quarter 2014 earnings of $-0.11, which was a miss. For the coming quarter, analysts estimate EXK will earn $-0.04 per share, a 66.67% increase over the prior year 4th quarter results.
There has been some confusion between the El Cubo mines and other El Cubo vein systems. The plants at El Cubo can't and won't close. Investors aren't as much concerned with lower production numbers at El Cubo as they are with fine tuning operations to increase cash for the development of San Sebastian. Stated a year ago, costs of 50 million. So cash matters. San Sebastian is one hour away by highway from El Cubo so they will need their own plant.
Sony, you made some great call over the years. You also have great thoughts of wisdom. Nobody is always right, but you'll come out of your position smiling. Thanks for all your support.
Sony, I post mostly on a non ya alumni board where most are old timers. I brought up thoughts (here too) that major investments banks want to do more investment deals in Europe on the cheap (dollar versus Euro), per not by China or Russia. Us dollars will be needed for some of these transactions. What we do best is knock stuff down and then profit to rebuild. This is one reason why there is heavy manipulation with gold and oil right now. We won't see 2% rates. I think that many bankers know what Janet will be saying. For now, place aside the politics and banking manipulation and hold your position. EXK won't die and they have plenty of gold and silver that can be mined with profit.
I wasn't pleased when they took on El Cubo. It was too cash sensitive to the nice banking funds attained from other projects that produced. A surprise to some.
San Sebastian is what I've been waiting for. That's a gold mine, or better yet, long veins with pockets. I think that our top fund investor that has12 geologists on staff can see the value over at San Sebastian. They increased holdings by 28% last quarter, maybe on the final decision to develop San Sebastian. Other producing sites shows continued life extensions as well. All of this can be seen with newer satellite heat mapping technology. Our number one fund has a satellite contract agreement. So waiting two years may take a bit longer for San Sebastian and deep recovery at El Cubo. This company has value, even if assets are still buried.
FOMC the quarterly, not just a monthly is this week. the USD is still strong. Everyone is waiting for rate dates including our trading partners.
I don't have a clue where gold and silver will be in mid 2015.
As with El Cubo, cash will be used to develop San Sebastian. The difference is that San Sebastian is primary gold with several heavy extending vein pockets. The one thing that I still like is the Micon Report and references to 20 other geological reports on SS that I had listed months ago. If not satellite mapping, use goog mapping on this area.
Dec 10. Interview with B. Cooke at twst - Wall Street Transcript. Fee subscription. Service has tight copyrights. Article is positive about exploration properties including the San Sebastian project located in Jalisco, Mexico. Results are on the way. Waiting for results. It often takes subscribed money managers and fund mangers days before they read transcripts. Often being done on weekends.
Good luck to the both of you.
I've done well this year with long dollar. I did very well with swings of metals to mid August and then sold. Since August nights, just a few mining trades, but I'm trapped in one intended daytrade position @ 3.85. So now it's day to day, as I can't see a clear extended picture for metals in 2015. Politics are nothing but lies.
Fixing banks and their clients have an unfair advantage because information gleaned from the daily fix setting calls provide an insight into the future direction of prices. Banks can bet on the spot and derivatives markets during the call. This year, I had followed market economics and finance, but little banking controlled media news and policy from DC. I mostly follow import and export activity and banking risk insurance. My attention has been derivatives and more derivatives.
We should have an exploration update from EXK any day now, as promised.
I'm watching for JPMorgan to invest in Europe for 2015. Europe should continue to have low interest rates, and their central bank will buy sovereign-bonds and borrow funds. Still the USD will remain strong, but US equity markets will probably have slower growth. At least that's what I see at this time. Our local corners banks want higher rates, but that piece of the puzzle as to when is still a manipulation mouth piece for big banking hedge money. A weaker euro will now be good for their growth. All sorts of global protection is still in place, but gold and silver should start to act more on any possible economic global positives, than just on the flip side.
True, nothing will be done to the banking sector from misconduct on message boards and the goldfish approach to settlement without subsequent criminal action taken out by the government against individuals. The perception is right that governments fines the banks hence gaining income, but won't see those same fines spent on housing any proven banker found guilty of misconduct in a prison. It is nice not hearing their noise on FX and metal futures sites before the opening of the metal markets.
From USA Today
"U.S. and British regulators are expected to announce billions of dollars in civil penalties as early as Wednesday for several major domestic and foreign banks suspected of manipulating the $5.3-trillion-a-day foreign exchange currency-trading market."
"U.S. banks JPMorgan Chase (JPM) and Citigroup (C), London-based Barclays (BCS) and HSBC (HSBC), Royal Bank of Scotland (RBS) and Swiss banking giant UBS (UBS) are expected to agree to fines totaling as much as 1.5 billion pounds, or nearly $2.4 billion, from Britain's Financial Conduct Authority, several media organizations reported."
"However, talks with Barclays faltered, and the bank could drop out of the settlements, The New York Timesreported Tuesday evening."
"A U.S.-based official who was briefed on settlement talks over the penalties confirmed general outlines of the potential agreements on Tuesday. The official spoke on condition of anonymity because the agreements had not yet been formally announced."
********* "ADDITIONALLY, the U.S. Office of the Comptroller of the Currency and the Commodity Futures Trading Commission also are expected to announce similar penalties against several banks as early as Wednesday, the official said."
I'm not that person. There is no evidence from any of his posting replies that he was underhanded - a stalker like you with multiple ids. That's important to board quality. YDM on SLW and some others have more than one id. So what, they aren't disturbing the board, stalking and giving constant red like you are. When I went back into my SLW history of 3 to 4 years ago to copy and post on yesterday thread, I had few reds. You just went back to that history time of mine yesterday and gave me hundreds of reds. Why would anyone buy or sell stocks based on others' opinions without doing their own research. This will be my last response to you.
Cyber stalkers, trolls or cyber bullying often make false accusations. You have harassed hundreds with multiple ids.
Disrupting stable message boards gives you the illusion of power, stalking a normal person allows them to think they are normal, too.
For trolls, any response is 'recognition'; they are unable to distinguish between irritation and admiration; their ego grows directly in proportion to the response, regardless of the form or content of that response.
Trolls, rather surprisingly, dispute this, claiming that it's a game or joke; this merely confirms the diagnosis; how sad do you have to be to find such mind-numbingly trivial timewasting to be funny?
Why not post with a couple of your other 2014 EXK handles like rebeccaha2014 and topshelfagain. Hey, you certainly like to use the word bloodbath on the GG board. I have a list of 32 matched ids for you. On the RBY board, some have a long list. You have destroyed many boards along with two other known ego nuts.
Both of them were a lot smarter than me.
One of your many ids from the SLW
certainfacts2 • Jun 4, 2012 10:18 AM
anyone see any saran wrap or revere bells