This guy is nothing but #$%$... spends the entire day bashing in order to scare people to sell. It offers a great opportunity to buy in low. I'm in at under $2.90 and if the market continues to sell off I'd expect a test of the bottom, but months from now I'll doubt we will hear from ronz51 and other like him here as they will have covered their short positions and found another stock to bash.
The immediate cause of drop was short-selling (i.e. betting the market will drop) by Wall Street and other global moneyed interests, who have been making a fortune for the last few years on market volatility – placing bets the market will rise (just before it does) and then betting it will fall (just before it does). These bets are self-fulfilling prophesies because so many pension funds, insurance funds, mutual funds, and sovereign-wealth funds follow the leaders – leaving small investors holding the bag. The leaders also have the benefit of inside information unavailable to most other investors (insider trading is now common on the Street, as the Securities and Exchange Commission and the federal courts have relaxed scrutiny.) Since December, Congress has twice passed measures to weaken regulations in the Dodd-Frank financial law that are intended to reduce the risk of another financial meltdown
"The collapse of oil prices and the resiliency of U.S. shale appears to hand OPEC, and its most powerful member in Saudi Arabia, a stinging defeat. U.S. oil production has leveled off but has not dramatically declined. The revenues of OPEC members have fallen precipitously along with the price of crude.
Saudi Arabia is under tremendous pressure. The Saudi government is considering slashing spending by a staggering 10% as it seeks to stop the budget deficit from growing any bigger. The IMF predicts that Saudi Arabia could run a budget deficit that amounts to about 20% of GDP." - CNN Money
Not even going to liquidate... They are situated to weather the storm for a year or more and the value of their assets worth far more.
You're such an AH.... You haven't a clue. Perhaps you should actually work in the industry and find out what is really happening instead of trolling boards with your childish name calling and insults.
Nice move upwards again. Crude back over $46 again... Hopefully we'll see $50 soon.
Ronz just can't help himself from bashing other people's posts... Paid troll!
When gold and silver finally take off you will be glad you bought at the bottom... This is the time to accumulate. Not at the top!
Only thing worthless is you... Troll for hire!
It amazes me who sells everything including American growth stocks when there is panic selling due to China's growth. I can understand oil stocks and even other commodities, but the payroll companies in America will not be affected! In fact the labor market is economically healthier today than at any other point since the Great Recession. The national unemployment rate for the month of June stood at 5.3 percent, a record low in this recovery and nearly half its peak of 10 percent in October 2009. And, in the past year alone, the labor market has seen robust job growth at an average rate of about 243,000 jobs per month.
There were 10.9 million more jobs in June 2015 than in June 2009. During this same time period, the private sector added 11.6 million jobs. In June 2015 alone, the private sector added 223,000 jobs to the economy, marking 64 months of consecutive private sector job growth.
He is just a short troll who needs to bash every single post! Go crawl back in your hole!
Tossing out insults like a little child. You don't even know what you are talking about. You'll learn the hard way.
Currently the company Insiders own 0.7% of Coeur Mining, Inc. Company shares. In the past six months, there is a change of 1.16% in the total insider ownership. Institutional Investors own 62.1% of Company shares. During last 3 month period, 11.33% of total institutional ownership has changed in the company shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (SVP & General Counsel) of Coeur Mining, Inc., Nault Casey M. had purchased shares worth of $5,980 in a transaction dated on August 6, 2015. A total of 2,000 shares were purchased at a price of $2.99 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
When an analysts initiate coverage it means that it wasn't the same analysts that had a "short-term target of $20 two years ago." Again, pulling out lies out of your a.
Latest Market Update: Austin Rare Coins & Bullion
"Timing this is impossible. However, as soon as sentiment changes, that's when you will begin to see the real shift. Until that time, steadily accumulate all you can before the metals really break-out."
Given recent events and instability in equity markets around the globe, it's very likely that the shift in global sentiment is underway. Massive amounts of wealth have evaporated in a very short period of time and the ripple effects have not yet worked through the system. Only time will tell how this will play out.
You must look at this current pullback as a solid opportunity. Both metals have held up remarkably well through the recent stock market carnage and the action in the physical metals market has been nothing less than spectacular.
During the last financial crisis, gold and silver fell initially but then rallied to historic highs in a very short amount of time. As prices fell, buyers were abundant and premiums for physical metal soared. As a result, delays were rampant across the industry as buyers rushed to take advantage of low prices.
We are seeing all of these things happening today. Inventories, availability, and premiums are changing rapidly. World mints have already put their distributors on allocation and buyers outnumber sellers 35 to 1. This is all setting up to be a perfect storm and we expect things to get tighter as we enter the Fall.