drfish, we have been beaten so far down. I'm hoping this is just the beginning. The dollar has further downside to go to make a difference, allowing US growth to improve and removing a obstacle to higher inflation. I read a statistic some where for every 15 percent drop of the dollar GDP grows 1.5 percent. I think that's just about right.
The strong dollar was a problem. You can smell the urgency. Somethng had to be done...and by the act of faith it started Dec 17th when gold hit a low (check the chart). That was the first day of MUX 30 day trading period to comply to the NYSE delisting notice...
We have now the right mix of events for a short squeeze
It was interesting watching the dollar today. It actually had some gains until Yellen spoke and it then reverted to is downward trend. This wouldn't of been the case with the same, not long ago, hawkish stance. Times have changed but its not novel
Her no moves during her tenure has crushed our investment...On the other hand her first and only move has lit a fire and the dollar has reacted much differently then most had thought...
I'm in it for the jackpot not to attempt to make smaller gains or avoid smaller losses. To analyze the 20 to 50 cents price movements in this sector is not for me. I occasionally use charts to obtain a buying opportunity, but not to sell. I sell when it bolsters my account to another level of prosperity..with a lot of luck it has work for me.
Take a look at Harmony Gold (HMY), a 350 percent increase. It illustrates the effects of a plunging currency together with rising gold price may have on the overall balance sheet and bottom line
Why sell?..the dollar?..earnings?...Gold price?..the peso?..short sqeezing?...whats not to like?...Perhaps little more inflation from Argentina in the short term but trading at this point is guess work...but who knows?...First Quarter earnings will be one of the best we've had in a while, but I'm sure some of that is being priced in the stock right now. Going forward like to see more growth..some of that will come from San Jose, exploration budget this year was bumped up..Eg2 will be HUGE if silver can find a way stretch up just a little more.
I'm riding the momentum. We don't get too many of these. Most of the time during this type of action either going up or down, the tops or the bottoms are often violated. Besides the dollar is not going any where the dollar rise has come to a complete halt and it started over a month ago. The dollar has been sensitized
Steve Jobs’ Last Words: I reached the pinnacle of success in the business world. In others’ eyes, my life is an epitome of success. However, aside from work, I have little joy. In the end, wealth is only a fact of life that I am accustomed to. At this moment, lying on the sick bed and recalling my whole life, I realize that all the recognition and wealth that I took so much pride in, have paled and become meaningless in the face of impending death. In the darkness, I look at the green lights from the life supporting machines and hear the humming mechanical sounds, I can feel the breath of god of death drawing closer…Now I know, when we have accumulated sufficient wealth to last our lifetime, we should pursue other matters that are unrelated to wealth…Should be something that is more important: Perhaps relationships, perhaps art, perhaps a dream from younger days. Non-stop pursuing of wealth will only turn a person into a twisted being, just like me. God gave us the senses to let us feel the love in everyone’s heart, not the illusions brought about by wealth. The wealth I have won in my life I cannot bring with me. What I can bring is only the memories precipitated by love. That’s the true riches which will follow you, accompany you, giving you strength and light to go on.
Love can travel a thousand miles. Life has no limit. Go where you want to go. Reach the height you want to reach. It is all in your heart and in your hands. What is the most expensive bed in the world? Sick bed…
You can employ someone to drive the car for you, make money for you but you cannot have someone to bear the sickness for you. Material things lost can be found. But there is one thing that can never be found when it is lost – Life. When a person goes into the operating room, he will realize that there is one book that he has yet to finish reading – Book of Healthy Life.
Whichever stage in life we are at right now, with time, we will face the day when the curtain comes down.
Treasure Love for your family, love for your spouse, love for your friends.
Treat yourself well. Cherish others.
the original guidance for 2015 was 138,000..they bump it up middle of the year.
Gary, Miners were ill prepared last gold bull run. Worst run business's and way too much risk taking. They got punished for it...my motto next run up is take what you got with a step towards growth...not gigantic leaps to la la land
delisting headwind pushing shorts out is most of it...overall gold market conditions and last day of dividend registration is the other two
zero debt..zero streaming...zero royality..with the CEO owning 25 percent of those outstanding shares. Stone the crow what else do you want?
Translation: upside is huge!
The SP500 dream does seem like a long shot but if you look at the numbers in a different way it is reasonable that it can be achieved, especially knowing things change very rapidly in this sector. This is how we get there
With EG2 and Gold Bar Mux will be doubling production from 150k AuEq to 300K, that is not unreasonable if silver can get to $17 to $18. To get included to the SP500 a annual production of 600AuEq is the magic number and hurdle that is thought of to get us to the SP500. We get to that level with a acquisition or two with the help from monetizing Los Azules. By that time our share outstanding would be in the neighborhood of 360M considering the fact we will need about 20 percent of the market cap to help build EG2 and Gold Bar. Thus a share price in the neighborhood of 14.50 would be our dream SP to shoot for. Together with annual production of 600K AuEq the SP500 dream can very quickly begin to look reasonable.