Fortunate I bought 7,500 shares today. On the last silver run I sold 10,000 shares of HL at $11.00, Unfortunately I was holding 70,000 shares at the time and held on to the other 60,000 shares too long. HL was not as solid a company at $11.00 as it is today. If silver indeed recovers this year, we could be looking at a 2-3 bagger from here.
Checked out GTHP. Other than possible near term dilution (sometimes the dilution will actually advance donor value knowing that big money is interested) and the general market sell off it looks like a chance to be a multi bagger. I sold in the oncology arena for seven years. I can see where this could also be huge in Barrett's that they are not really touting. A friend of mine is chief of endoscopy at one of the top three cancer research centers in the U.S. and a MBA. I'm going to forward this to him to see what he thinks. Thanks for the heads up. It's certainly worth a look.
Started buying these mining stocks in 2009 with $600,000 and was sitting at $1,700,000 in 20 months. I didn't get out at the top with all of it, but I'm sitting a lot better now than when I started. I don't want to miss the buys of the decade, but have seen them go lower than what makes sense.
NGD is a minimum 2X in the next 18 months and a minimum 3X in the next 30 months. Great assets and management with costs to produce some of the lowest in the world. I'm 90% in cash. That will change soon. I'll retire off of the next run.
I've been rebalancing my portfolio along with putting some cash from the sidelines to work recently. EXK and AG are the biggest recipients of my efforts. IMO, these two silver producers really understand what is going on and execute thoughtful plans without regard to the noise that causes others to question themselves and make missteps.
In the gold mining space, NGD is building a future monster. Their cost to produce an ounce of gold was just reported to be $430.00 per oz. They have a very large gold project on the horizon and a leadership group that has a storied history of building enormous wealth for investors.
No, but they can continue to "talk vaguely" about tapering and get the wildebeest population to trot back and forth to the edge of the river, delusional that there is an exit strategy, there isn't.
Your story resonates here. I was out of the market during the crash in 2008. With $600,000 in cash I started buying into the market. My first purchase was HL at $1.90. At one point I had over 120,000 shares. I started buying AG at $5.50 and eventually got to 25,000 shares as it rocketed up. I owned EXK, NGD and several others during the same time period. At the peak my portfolio was at $1,700,000 in less than 24 months. I sold $100,000 of my HL at $11.50 and invested in a private equity, gave $100,000 to a military charity I'm involved with, paid $10,000 for a funeral for close family friends that were strapped for cash, another $10,000 or so to some people that needed help and about $50,000 on ourselves. I did not get out when I should have in my positions and have gotten killed here even though I did lighten up a little and avoided some of the last 30% drop. I am now back to about where I started with $650,000 ($570,000 in cash and $80,00 in AG, HL, AUNFF, PGLC). I wish I had been a little better with my exit strategy, but still did over 50% from my original investments. Do I think I can get it back to where it was in the next 12 months? I'm confident I can get back to $1,200,000 - $1,300,000 with the BS take downs we have experienced. I am looking for entry points now. I am watching AGQ, NGD, AG, HL, and AUNFF to add. I'm going to add some physical gold and silver as well. For everyone that is about to throw up (including me) or already has watching these equities take heart. Several of us have seen this before and done well coming out of the ashes. I'll probably be a little less greedy this time, but I am very, very confident that there is some big money to be made in the sector over the next 12 months. GLTA
An honest post should read paper gold may be naked shorted lower. Actual physical gold is not available at the paper price. The holders of paper contracts are not guaranteed the right to exchange for physical gold.
Go to the PGLC website and contact the CRGC Representative listed under "contact us" button. Get your brokerage house to call the CRGC representative for instructions. There is some paperwork you will have to fill out. Six pages for every account you have with PGLC restricted shares. I got the paper work from my broker, Fidelity. They helped me fill it out over the phone. Some of the paper work you can fax in, a couple of pages you must mail in the originals. A few days after your broker receives all of your paperwork you may sell your shares that lifts the restriction, Then you may buy them back if you want to. At Fidelity you have to sell them through the Restrictions Dept. that costs approx. $33.00 per trade. i was told you have 90 days after signing the paperwork to sell the shares to lift the restriction. If you don't, you will have to do the paperwork all over again. it's a weird process and i can't explain why, but that is the process I followed with Fidelity. ***Note*** I was told earlier there was a fee of $300.00 per request, but it has been lifted earlier this week. If your broker has any questions (and they may....Fidelity did not know the fees had been waived until I told them and they confirmed it) have them call the CRGC representative on the PGLC official site to verify.
I've owned NGD for significant periods of time over the last several years. I have no doubt about NGD management's ability. Fortunately, I at least went from NGD to cash a month ago because I didn't trust the banksters. Even though I've been significantly in cash I've suffered from my exposure to AUNFF and AG over the last few months. In my opinion NGD is the best gold mining company in the industry and First Majestic is the best in the silver space. I'll make up my losses over time when I dedicate more funding to these best in class organizations for the long haul. GLTA
The easy silver has been mined and allowed lower prices years ago. Try to get financing to mine silver for 25% less than the cost to mine it. It is not going to happen. Gasoline used to be 35 cents a gallon and a frosted root beer was 5 cents. My wife's first public school teaching job was $6,500 per year. The government knows we can't afford deflation because our debt is to the stratosphere. If they wanted that they could have created it. Instead they are printing fiat paper like no other time in history. They will orchestrate inflation to take hold at some point so they can pay our debt off with devalued dollars. There is no other way out of this mess unless you think politicans that created this horrific situation are going to face the American people answering how we got in the mess and then ask them for severe austerity. They can't even reduce the spending, let alone balance the budget. There is zero chance of that happening.
Anything is possible, but if it's not beneficial it's probably not going to happen. Silver too low would deny businesses, including clean energy and the medical industry the raw material to produce products that benefit the world. The handlers are not going to allow it. Any further price drop if allowed will be very temporary allowing it to rebound before it greatly damages physical supplies. Do you think mines will produce silver at prices that they will lose money at for any length of time? Most miners will be under water or break even with further significant sustainable silver price declines. Handlers will push, but they are not stupid. The know how tight the real physical supplies are.
I was thinking what you were except the halt of printing precious metal coins. If they tried that wouldn't someone else just increase capacity and print more for the world's investors. When U.S. businesses were barred from doing business with Iraq long ago, didn't the French and others just step in to fill the void. When China successfully gets its fill of physical I think the game is over for the dollar as reserve currency. China has a trillion fiat dollars and can purchase a lot of gold and silver if they don't buy too much too fast. They think long term and their government doesn't have to answer to their people like U.S. politicians do. They can make prudent choices without having to worry about getting reelected every four years.
Silver will be allowed to go only so low (and only for a short time if it does) or it would cause physical shortages for industrial use. The handlers are not going to let that happen. Everyone knows the current smash in price is on the virtual paper price, not the physical metal. Physical gold and silver are currently in very short
supply. Too much short intervention will cause a host of other problems and a bigger rebound to the upside. I believe when either the governments of the east or west and the banksters have their fill of the physical precious metals at bargain prices they will turn the other direction taking the prices where they should be allowing governments to reduce their massive debt and leaving tax payers wondering what happened.
Good luck with your hope price. AG is already up over 7% after hours. AG could correct momentarily a little lower than today, but it will be very short lived in my opinion. To make a purchase in even the upper single digit range (if it ever gets there) I believe you would need to make a move quickly or lose the opportunity. Silver will be allowed to go only so low (and only for a short time if it does) or it would cause physical shortages for industrial use. The handlers are not going to let that happen. Everyone knows the current smash in price is on the virtual paper price, not the physical metal. Physical gold and silver are currently in very short supply. Too much short intervention will cause a host of other problems and a bigger rebound to the upside.
Paper naked shorts took precious metals lower to keep a failure of the LBMA from occurring. It was a despirate measure. The physical purchases of gold and silver will soon enough over run the virtual market. The Ponzi scheme can only continue for so long. The uninformed that buy precious metals primarily because the sector is hot are the ones that bolt when the banksters paper attack. People must understand the fundamental reasons to hold precious metals to avoid the "wilde beest syndrome" of blindly stampeeding to the river not aware the crocs await them. The collapse of the mine will only make the physical situation more dire leading to higher prices. Less supply with enormous physical demand. Patience.
I agree. The total cash cost per silver ounce net of by-products for 2012 was $6.43, down 16% from $7.63 in 2011. Aurcana knows how to mine silver effeciently. As they ramp up o and silver emerges from this orchestrated take down there costs to mine silver will continue lower.
That would make the price of physical gold go through the roof as everyone with a brain stem would be clawing their way to physical gold and away from paper money that has been created from thin air on a computer. Why would someone work for a piece of paper with nothing backing it when they understand what is going on? It will be too late for most and they will be financially destroyed. The greatest wealth destruction in world history is happening right before our eyes. When the dust settles those holding physical gold will financially control the world. The banksters and governments will be buying with both hands at cheap levels and then revalue gold to control the financial world and leave the tax payers with worthless paper currencies.