you politely agreed and posed credible and articulate arguments for your thesis
anyone here good at math?
good, you do it
We are lowering our rating on Newmont Mining Corp. to HOLD from BUY based on the company’s weak 4Q earnings and recent dividend cut, and our expectations for a continued decline in gold prices in 2014. We currently project a full-year average gold price of $1,376 per ounce, down from $1411 in 2013 and $1669 in 2012, reflecting strength in the U.S.dollar, reduced retail investment in gold ETFs, and increased gold shorting. We also expect gold prices to fall faster than Newmont’s overall production costs. As such, we are cutting our 2014 EPS estimate to $0.85 from $1.68, and setting a 2015 estimate of $1.02 – still well below the company’s average annual earnings in 2008-2012.
We would consider returning NEM to our BUY list in the event of a nonfundamental pullback to the $19 range or a sustainable reversal in gold prices.
act as if it was all the money you had
hold it as the stock continues to fall
when you feel like vomiting because you lost all your money...
that's when you load the boat
my point was that for the last year baa has not followed the market, thus the living in a cave snarky remark
it has not been following the market for over a year, why would it start now?
as a hedge, this would indeed go up in a down market
have you been living in a cave for the last year?
market up all year
gold co down, big, all year
your comment is way way way way off the mark