If they are going to hike it needs to be in June to give the market time to recover/correct before elections take place. It wouldn't be good for Hillary to correct the market with a rate increase in front of elections. Trump would have a hay day with that.
NEM reported 0.34 NON-gaap earnings. I never put much faith in non-gaap numbers. A company can make them say whatever they want too.
I can recall people talking about CLMT cutting the divi 2 years ago. Some Seeking Alpha wannabe was saying it was unsustainable if I remember correctly. The new refinery was bad timing but I'm willing to bet things are not as bad as they seem (they rarely are). On a positive note, we have a CEO who apparently isn't afraid to do what needs to be done to straighten things out.
Try to use the nickel and dimers to my advantage..
straight line is good. buyers have stepped in and are sucking up the shares to prevent further decline. Soon the sellers dry up and presto.....we have a reversal.
The problem is "markets can stay irrational longer than you can stay solvent" cliche is being played out here. GDX isn't going up on fundamentals...it's going up on speculation and momentum. I look for it to eventually turn and come back to reality as well but man am I taking it up the poopchute waiting for it to do so.
I woke up this morning to an infomercial pushing Gold Government Coins. I could never understand, if it was such a great investment...then why do they have Richard Petty endorsing them, and why are they selling them in the first place?
I'm not so sure the miners will disappoint even though they are overbought from a valuation point of view in my opinion. Oil was extremely cheap the first quarter of this year which should have helped them out quite a bit. Not only that but I wouldn't be surprised if the analyst sandbagged their numbers making it easier for the miners to hit their estimates. Regardless, looking at PE's, I believe they have been driven up lately on speculation of Gold going to $8000. As reality starts to sink back in, this irrational exuberant speculation should make for some good opportunities.
I'm thinking they will hike in June if everything goes as planned and then in December. Primarily because it is an election year and the Democratic party is currently holding the office. It would not bode well for Hillary come election time if the markets are in turmoil. A June hike would give ample time for the markets to absorb the hike prior to elections so the Dem's and Hillary, who has heavy Wall Street backing, would look peachy keen when voters go to cast their ballots. An April hike would surprise me being that the June meeting appears to be more likely as it entails a press conference by Yellen. There is only a couple weeks between each meeting. I also think the Fed is intentionally calling a special meeting to telegraph their intent with hopes of taking a little bit of the volatility that comes with such decisions, out of the market. Soften the blow sort of speak. Such actions should help lend support to DUST and could cause profit taking to ensue upon the miners. But what the hell do I know.
Yes George. Gold moves whichever way the powers at be want it to and then the press looks for reasons to validate the move. Most of the time they are full of it.
I'm averaged in at 26 and change. Get lost.
Sounds to me like they are trying to negotiate and hold out for more money. This leads me to believe the creditors know VRX is good for it, otherwise, they wouldn't be trying to go that route.
They are no worse than the Life Insurance companies that make money by pricing policies and placing bets on how long you are going to live. 50 years ago all these pharma companies didn't even exist and the world still turned just fine. Now, you can't turn on the TV without seeing an advertisement pushing someone's new latest greatest pill. These companies are not in the business of charity. They price their products at what the market will bear. If government has a problem with that then they need to socialize the pharma industry. This would lead to no new products being developed by anyone at all and just more billions being scammed out of medicare/medicaid by dog and pony show R&D companies. It is ironic that the thing that creates and drives these modern pharma companies (money) is also their Achilles heel.
Based on your analysis I doubled down today. Please feel free to explain how you derived $19 to $20 as a support level when the stock has never ever even seen $19 to $20. I believe you are full of it and I will leave the definition of "it" up to the readers imagination.