The Foreign Tax Withholding will be deducted from your U.S. Capital Gains, if you have any, which is very unlikely when you try to sell this piece of crepe falling rock stock. JPM will not allow it.
Stores are empty. No one is buying Formaldehyde impregnated flooring for their kids.
If you get out now, you can cut your Losses by $30.50/ share before Bankruptcy. You
have been forewarned.
When the price of Silver goes down, the Silver mining stocks go down in 2x-3x percent multiples.
When the price of Silver goes up, the Silver mining stocks go up in 2x-3x percent multiples.
Everyone knows that.
AUY loss of .02 cents a share with 17% increase in Gold and Gold equiv. production.
Stock will be up an easy 20% from here in a month.
The biggest Gorilla in the Comex corner, J.P. Morphine, is holding too many uncovered paper, shorting Gold, reguardless of physical demand due to the collapse of the Saudi regime, or the fall of Donetsk to the Russians. Anyone that does not see that the recent engineered price smashdown is the dirty work of the croooked J.P. Morphine, must be wearing Stevie Wonder's glasses.
The "Deal" outlines the sale of 49.1 million shares of AUY. 49.1 million divided by the 877.6 million shares outstanding = 5.595% of shares outstanding. Not near enough to justify a 20% drop.
Then why is it such a piece of $#!+ stock?
All the other miners are way up, ABX a total piece of crepe.
At these prices, BP cannot pump fast enough to service their huge overhanging debt burden.
Kharma payback for BP poisoning all the fish and the good people of the Gulf of Mexico.
May BP get broken into little pieces and rot in He11.
Mut. Funds are dumping baskets of energy stocks because toxic oil stocks at ruining what should have been a very good year for stocks. Even though less than 1% electricity is generated by oil, solar stocks have been track oil lock-step, because of this basket of stocks correlation.
End of year tax loss selling has accelerated. Funds are dumping the biggest losers like SPWR and Cree to offset the gains on FB and DAL or AAPL. This chart is heading sub-20.
If you plan on your company increasing in value, why would you sell a majority of your shares at $6 Million, if you could sell them at $12 million? Although you may have point, most sales were planned ahead, right before E.R. OK., I'll admit it. You're probably right. They were planned sales.
You can argue that Solar does not compete with oil, because oil is not used to generate electric, but the reality is: Solar stocks are being sold off by Mutual funds in the same baskets as oil stocks. This is what is causing the direct Oil/Solar correlation. Oil cannot stay down forever. I'm a big buyer when this hits 7.25.
Chart heading to 25. This is a Total LOSER stock.
Worst run, crookedest, most unethical and criminally negligent of the big oils.
Payback for killing all the fish, and polluting the Gulf forever. Kharma is a b!%# BP.
Update: Oil is now going to $45 a barrel. BP is 100% overvalued. Only worth $22 USD / shr.
It is also Taxable, whereas appreciation of other stocks (not PAAS) is not.
Market is up 18% PAAS is down 18%. That's down 36% in my books.
Monday will be a BloodBath in Gold and Silver, as there are no limits to the Greed of the bass terds manipulating the precious metals markets totally unregulated and unfettered.