Mining stocks can not go down for ever. Nobody can argue that! They can hit 0 but they can't go down forever. If this dropped a penny a day for a year the misery would be over.
I tend to agree with your analysis. I just have kids to put through college in a couple of years and my investments are in the toilet. My boss just pulled me in to tell me that revenues are way down and things don't look good so you know what that means.....
look, it has been a very #$%$ road over the last couple of years. Things haven't panned out the way we thought. This is looking worse than I ever could have imagined. Gold miners are hated and the reason is that gold can't seem to get any legs in ANY crisis. So what does that mean? It means its going lower. It will probably hit $1000 by year end.
Im not doing anything for a year or so. Gold might only go down from here for a while. If all commodities continue to crash, gold looks really sick. I feel sick....
you are assuming that if the fed doesn't hike rates that gold will rally. When the last QE was announced gold didn't rally. Not sure it will rally if the don't hike rates. Don't be so sure. Everyone is guessing at this point. This is a gamblers paradise.
never is a very very long time... Maybe you should say "in our lifetimes" or "during the next 10 years". I would take the never bet any day of the week.
Lets face it, there was/has been fear in the market and gold can't catch a break. Nobody believes the story of safe haven anymore. Gold should have seen resurgent buying. Instead we are seeing all indicies flat when the market was down and now down when the market is up. Gold seems dead for a while.. How long are you willing to wait?
Not a big deal. Hold no fantasies about them "catching" and stopping manipulation. Whining about manipulation is stupid. It happens in every market and it happens a million ways. HFT front runs trades, that is way more damaging.
last time, I will say this. You think you know what you are doing but you don't. Yes, you can make money, but don't delude yourself thinking its because you are smarter than everyone else. its a #$%$ shoot now. its an equation with too many variables and too many big players. You may think you have some scheme, but you really don't. You are at the mercy of the big investment banks and gold houses that are making decisions not on amateurish JNUG percentage calcs..... OMG
I hear ya. Just too hard to tell with all of the noise in the market. There certainly isnt broad appeal for gold yet. Maybe that will come. I went back through a whole bunch of prognosticators on gold over the last 5 years. The ones that did well were right about 50% of the time. They all stink. You know the names, Sinclair, Willie, Rickards, Armstrong, Faber, Rogers.... They all are horrible at predicting and they all give themselves an out.
There are some very big players out there that know a whole bunch more than you or I do. I would like to get some intel from that group.
Are you kidding? If you think you know which way this market is heading you are deluding yourself. Its a guess at best. This is in the hands of people with much more insight and knowledge than you or I. The difference is that I realize this and you don't.
I can't tell if this is meant with sarcasm.
Too many out there base their investment on these idiot blog writers who speculate on BS like the FED pushing gold/silver down. Absolute nonsense. They are too stupid to even post against because their beliefs will never change.
You don't understand this business at all. They have operating cost to cover. They are a business. They aren't a speculator. You seem to believe if you hold back supply this will make a difference. Well, what happens when all of that supply comes back on the market when the prices are up? It goes down.
Why do you say bloated infrastructure? Most have done a great job of creating value by slicing operations costs.