drawn....All is not an issue for me anymore. If you want to take the drive up to Alice's restaurant, ya better decide soon......2-m0nths cash flow remains. Later
I Agree........but even I was laughed off the board recently for suggesting oil prices were being adjusted down, primarily to punish Putin, for having tight relations with Iran. Today it was announced that Russia's economy has SHRUNK 4.5% due to low prices....today trading in the low $43's......I made the statement when oil was trading in the low $53's. The Yuan is crashing (finally).....but alas, silver is still red. HL up a nickel....still in dead cat bounce mode......I agree completely with your 18 mo. timeline for a reversal in the metals......when it really gets grim, the "Masters of The Universe" will start to unload their hoards of metal that they have accumulated by suppressing it's value with PAPER.
HL "folded" when EPA and Lisa Jackson went outa control, and paid the ridiculous demanded $265M fine.......Now the EPA has WRECKED the Colorado River with tons of lead and arsenic, the toxic orange mess will hit Lake Powell today.......and NO political outcry for someone to take the fall and pay a monster fine. It's because "The System Is Fixed", and why silver is languishing down at $15, instead of marching up past $35 and eyeballing $100.
Long at $1.90????? Get ready for a visit down to $1.50, or lower if "The Masters of The Universe" (JPM & Chase) decide to take ALL your money.....not really a decision, lol, just say gootbye to your dough.
drawn......you need to chill-out and take a "Low-Zero" ride up to Alice's Restaurant in the open air to clear your head.......no gut's----no glory. lol.
"Reserves" take MOUNTAINS of money to extract........how is the Baker Boy going to finance these massive capital expenditures? Take a guess.........hint------it's called either share dilution or debt to the "Masters of The Universe". His overpaid track record PROVES this premiss.
ed......it takes MONEY to dig even a simple hole in the ground. Is Phil going to take a pay cut to finance this "great find".......or float some more stock?
Wingnuts rejoice.........Or have a brain transplant. HL looses ANOTHER $0.04, and sure enough the $1.98 level was broke, and your darling got immediately hammered down to $1.77. Dead cat bounce (standard wingnut buying signal) now in play, so more dullars will be siphoned from the hapless, clueless longs. See ya all at sub $1.50......SOON.......then the blockbuster "Sub-$1.00" will be coming to a theater near you soon, too.
Phil needs the stop selling ALL silver mined to CRIMEX......let the USA feel the pinch of the loss of the most dramatic "electrical" metal know to mankind. Can you say "goodbye" to cheap cell phones, etc,etc,etc.
Oh, also, the bum should have told L. Jackson and the EPA to bite it, instead of coughing up the $265M "fine" (all the profit HL had accrued recently....after 100-years of "hanging-on", floating stock left and right, and making zip).......this fine was ASTOUNDING. Whatever formula the EPA based the fine amount on, tells me Exxon should have been fined $500 billion for the Alaska oil tanker spill.....not the crummy $20-30B.
Gotta laugh.......4-thumbs down------real rocket scientists. $0.06 cents more and the "magic" $1.98 gets triggered.
CRUSHED 8% (with no downside marker in sight), don't look for a PM savings from the FRB lowering the Fed Funds Rate anytime soon. The Nasquack is being "levitated" by 5-stocks.......INTC, AMZN, GOOG/L, AMGN & BIIB. That will not be sustained.
ya better have some sort of exit strategy in place, cause the thousands of suffering hardcore longs will (and they know it....or they should by now) experience a catastrophic short sellers order placements avalanche.
If $1.98 folds, look for $1.52
If the MTU's decide to grab ALL the dough, you're looking at at a slow 1-2 year bleed down to $0.56
If you're still left standing (or alive) by the end of the worlds record breaking transfer of wealth....it will finally be time to buy.
Hey drawn......the Donald is going to upset the crazy side from winning......what a development (kinda like JM choosing SP [the AL Rocket Scientist} to be VP.
Geez drawn.......you're going to have to wean yourself from watching FBN all day....they still think Palin is a real sharp sweetie, and the 9,998 out of 10,000 climate "specialists" are all fools. Get a clue......either walker or cruz will rubber stamp a don-key landslide win, even if EW is running. The do-nothing "no-party" will be greeted with a resounding NO in 18-months.....their just reward.
We got the Chinese stock market loosing 3-Trillion $$$$ in value today; the "everyday" weather catastrophe leading the evening Nation News TV casts (no global warming connection though.....not to worry); Isis getting very messy; oil pounded down to sub-$53 (to punish Putin); the efelants presenting a corps of Palin Level IQ equivs as prospective runners......lol. Better watch your step, drawn, if the don-keys can't keep HC outa trouble (you know, those world spinning B-Gazzi, emailgate, pantsuitgate events, etc,etc,etc) you get B. Sanders (unlikely)......that leaves E. Warren. Your worst nightmare E.O. blizzard creator right outa the gate. The efelents will have a collective heart failure.