the guy still made a profit in PAAS...much better tgan most PAAS shareholders over the past few years. the tide has definitely turned in the miners right now although overbought short term. I am looking for a selloff in the miners of 10%.
that would be 1 hell of a trade...Anyhow, I will be out at 3.92 today for a quick 2k gain, and still long my core IAG position at just under 4 bucks. Algos run wild will net me 2k today.
dc, its only a good trade ifI get back in lower. I exited GDXJ today as well which I bought in Jan at 33 for a killer gain. These are all shorterm overbought imo. I do see PAAS wayy higher at year end...somewhere near 18...maybe even 20.
PAAS, which is the best run and best balance sheet is up 25% for me
DGC.TO, my most spec buy is up 120% on greta timing and new mine plan
IAG. Im down 12%...complete garbage. I cannot name 1 other miner who hasnt bounced off the lows. Letwin should be a goner. IF the Niobec mine can be sold...it should . Im #$%$
you are contradicting yourself!! anything can happen with the mkt...ANYTHING! PAAS can beat 25 bucks in 6 months, PAAS can be at 4 bucks in 6 months.
Silver better get above 20 quick for the longs sake.
thank the buyback and good earnings for that. Silver is acting VERY weak, and if that continues, PAAS will be back down at 10 bucks for sure. Im back on the long side at 12.25 after taking over 20% last week and watching very very carefully.
Didnt think Id get it so quick, but 12.25 was my buyback goal. Saved myself a lot of money so cost when consider the profit just dropped from 10.80 to 9.75. Im happy.
thks...it really looke like it was tired above 13 bucks and the shorts wil hold gold below 1270 which is critical resistance. It will eventually break, but not this time.
had to do it as cost was 10.80. 23% gain in a short while is too good to pass up. Gold is overdone at the moment as are all miners. I am looking for re entry in PAAS at 12.25.
sorry for your loss stockman...but IMO you will regret this decision, unless you plunk the cash into a different gold miner today.
got my cost to 3.88. Overdone. The point is with higher gold prices these guys will be making a lot of money and the divy should be brought back late this yr. Last chance below 4 forever IMO.