MetLife, Inc. Message Board
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in aumn today and ok vol. For what its worth SCHW still has it rated D, but its numerical value improved by 6 points (77 to 71). Of course the big drag was in momentum... Just does not have ole MO...like all the other PM stuff. Something got going around noon, in SLV / GLD...perhaps a technical bounce. Thank goodness...
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added 160k shares of gdxj prior to its fall on Wed...The info for when he bought such index, was at a 4.5 yr low. Of course on Wed that was taken out at $10.68...for sure better than a 5yr low.
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Also, was reading where retail gold sales of gold (jewelry, coins, and small bars) were up some 6-10%. The rationale here was that a regular jewelry buyer was now making a " quasi-investment". Also one of the biggie wall street hedge fund mgrs added slv...at some $22 per ounce. Hang in...looks like another rough day for the PMs... -
Many thanks for this info. GDXJ has some 4% in Argonaut (ar.to) who just reported great earnings on 5/14 and it got hit for some 6-7% in yesterdays gold sell off. It, like AUMN, has no debt but it didn't matter. When the cops raid the cat house...they take the good girls along with the bad ones.
Sentiment: Buy
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at least. Maybe more years, but that is as far as I could go back. Absolutely a dismal day for AUMN and the other little guys. A 7-8 % decline in this index in one day, setting new yearly lows from $ 11.26 prior to today ...second by second. Big volume and no concrete answers. Strong dollar and weak gold....mercy!
Sentiment: Buy
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Claybridge...have been watching both GDX and GDXJ for a while now...and the latter is having a real bad day...touching a new 52 wk low at $11.24. Don't know if it will pan out but have been $ cost avg starting in the $11.50's and on down. Funny thing this bad boy has an indicated annual yield of some +6%. Of course that could be smoke on the wind...if gold keeps up its toilet action. I agree with you that the strong dollar is giving us gold bugs fits...
Sentiment: Buy
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This is an etf which holds the little guys. AUMN is carried here at some 3/10 of 1% and its heaviest equity is Argonaut Gold with some 4%. SCHW rates both of them as "D", yet AUMN improved from 84 to 77 last week (the lower numerical, the better). The ratings are updated weekly, which gives reason to surmise the AUMN improvement was the result of their 2qt earnings, which beat the expectations. Hang in...
Sentiment: Buy
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Yahoo does not permit me to post a link, however you may google this subject and one click takes you directly to their home page. Their strategy is discussed here, medium to l/t holdings, seeks good mgt and growth potential. It is a closed end fund, and it appears to be very solid. Cool info...
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Thanks claybridge...appreciate your input and I agree with your scenarios. Tis $ in the bank, one way or the other. Different subject is AUMN's ownership. Was not around re the history/formation of aumn, but looks like Sentient went big in the fall of last year holding some 35% of o/s shares. What's the feeling re their patience...? Any other data re them...? Thanks.
Sentiment: Buy
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I appreciate your input, but gld never really got out of the tank. Further, the improvement in the gdx was a result of the big boys cutting their losses to just pennies (except Rangold). And I am sure, there exists little correlation to aumn price and an improving gdx. Reason, this little junior has no clout. I think we both agree that the only reason for holding aumn is its value. And I still believe aumn did its best re quarterly results... A $.15 loss is much better than a $.20 loss... Thanks for your response.
Sentiment: Buy
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Yesterday, while the GDX, gold and silver were in the tank...this little stock was being accumulated, with greater volume than average and a restricted price range. For sure, this is a value play and once the selling exhausts itself...price/share will mend. Added 4k shares in the $1.50 range... Simple rule, buy when things are the darkest. Hang in...
Sentiment: Buy
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and perhaps, the ocean as well. Aumn's loss was $.15, or better than expectations of $.20. Their balance sheet is cleaner than a cat's pitute, better than a 4:1 current ratio, and NO DEBT. Their book value is at least 3 times the stock price. What is not to like!!
Sentiment: Buy
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Just a rough guess, looks like they beat the analysts expectations...of ($.20) by about a nickel. $6.3 million loss on 43 million shares. Of course I have no data re diluted shares / what have you re EPS...
Sentiment: Buy
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Do any of you think that AUMN will come close to negative $.20 / share re tomorrow's earnings announcement...? SCHW has it coming after mkt closes...
Sentiment: Buy
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Here and watching this stock and the miners index GDX, which came under pressure last week. This may have caused some of the decline in AUMN, plus the poor performance of NEM + GG. For sure the play in AUMN is one of value... Their assets are worth a lot more than the current price of $1.68...at least $1 more, in my opinion.
Sentiment: Buy