Obviously he has pro Russian views. But this investment has taught me over the years that gold is is kryptonite to the dollar and the players involved will do whatever it takes to hold up the mighty dollar. The manipulation is transparent so it is wise to be as open minded as possible. His views about the Bretton Wood model has given me another angle and his explanation did lend some credibility to their theory. From my point of view the whole thing is game..ex look at the COT report...Protecting the dollar is paramount but the cause, actions and events has created instability, mistrust, gold repatriation, currency wars, central bank wars, more debt...the types of things gold thrives on.
No let up with the dollar...the same with gold...there is a lesson here...its probable gold will keep rising even if interest rates are raised...its not a given gold price will fall
I disagree, if gold hits 1800, mux would likely hit all time highs. you may very easily see 3 or 4 before the year is over if this keeps up. This stock moves VERY quickly.
Never can tell, but Rob may spin-out Los Azules and you may get your wish. He attempted to do that once before..who knows, it maybe proposed once again especially when Los Azules is effecting our present share price in a negative way(drop in copper prices)
goodchoice..hard to tell the bottom for copper but 5000 to 5500 per tonne is generally thought to be the price in which a number of producers would start cutting back, some have already have. This is not 2008 in which cooper got slammed to 3000 but then doubled fairly quickly. This time around the drop been slow even though it has picked up speed this past month. Los Azules is probably more attractive now for bargain hunters, but Rob will not pull the trigger..jmo...especially with a new government in place in Argentina at the end of the year.
To me the recovery period from the 2008 crisis has ended . Don't be fooled by feds language, we are in a pre-crisis stage while the rest of the world is already in crisis. Gold has been steady throughout 2014 digesting the deteriorating global mess and investors are just beginning seeking safe haven again. Indicators are glaring and I'm sure everyone here are aware them, lets not sweep them underneath the rug...be prepared. Feds policies were geared towards micromanaging interest rates, incremental improvements in the economy and normalization. I think 2015 will be geared towards going backwards..good luck
ggray, that is true, but history shows mostly during economic booms, and this is not considered a period of economic boom..ex: the past 6 months, period right after crisis 2008. The closest relationship to gold price continues to be US and global debt...I wonder what else is out there that will occur that will send shock waves that will LIKELY to occur. This is far from normal times, volatility and fear index have risen sharply for a reason. Don't think the US is devoid of making similar news. 2013 may end up being a period of unwinding in the gold market and 2013 being the period of accumulation..who knows .. for now, things does seem to be shifting very bullish . Apparently some people have even lost some confidence even in the Swiss and that's not even safe as it once we was, look for the same people to turn to gold.
Disparate times sometimes requires disparate measures. They actually also reduced interest rates on lend outs even further into negativity. In the mean Mux is now much closer back to profitability and have managed to maintain a good amount of money in the treasury with more money owning to them from Mexico.
With a number of body blows over a period of 3 weeks the bear has been staggered. Last seen wobbling to its corner. If Q1 resembles anything like Q1 2014, it may cause some investors to hit the panic button and some more lipstick will be needed
Mux has always been heavily shorted due its volatility and liquidity. Also being on the main board in New York makes it really simple to cover. Might be a pronounced statement, but any fragility in the dollar gold will likely spike and the remaining shorts will likely fuel mux a little higher then most