Something's gotta give pretty soon. Either demand drops off, or Gold is at the bottom and getting primed to surge upward. I wonder if the market is going through a 'head fake' right now...e.g., one of the last spikes down for a while? Maybe the big price hike is coming right around the corner. World social and economic instability is increasing....seems like flight to gold may continue. Tough to figure what's happening right now with the price but I see Gold PM mining stocks are holding up really well right at the present. Wonder if those in the know see the market bouncing back with gusto in the short term?
would be used. "Proceeds from the secondary offering of shares of Brio Gold will be used by Yamana for general corporate purposes." Heck, that could be a more robust bonus plan this year! Instead, why not say that proceeds will be used to pay down debt or be reinvested in accelerating developing Cerro Morro...or say something that will help the company's bottom line. Still good news to dump an asset that didn't meet the definition of a "core asset" but shareholders want to know that proceeds are going to be used wisely...
Still don't think that retail is going to have that great of a holiday season. Prices are way out a head of demand. Deep discounts will be needed to generate sales volume. Yellen may be jumping the gun in Dec and furthering market anxiety. Could precipitate a rise in PMs. Will start getting a better vibe on the year-end economy health in a couple weeks.
Oh no....I'm just saying the Gold pop is coming. I'll be here for it. In the meanwhile, I'll enjoy the land of delusion. Good buying opportunity when cash becomes available.
Yep...definitely some downward pressure today. I guess life is good...all you have to do is invest in Google, Amazon or Facebook. Don't need to make anything anymore, don't need commodities, don't need material backing....all you need is a smart phone or laptop and the world will pay ka-trillions if you read their pop-up ads. So silly...the "chickens will come to roost" at some point.
So much world instability, economic strife, overvalued equity markets, overvaluation of companies that survive on purely advertising and don't product any products... The world will wake up and start buying Gold at some point, but when? That's the question...
Guess we wait until it does and then Gold will rocket. Mixed bag of financial reporting...equities are still way overbought, they will pull back at the end of the year in my opinion. We'll see
Also interesting that a lot of investors are expecting and waiting for equity markets to pull back...most think a recession is likely....what better place to park your gains than Gold? Just seems like a matter of time before Gold prices take a healthy hike north. The Fed is great at hyping this market...but there isn't healthy growth to support the hype....it's just about all service and retail and that won't sustain the valuations. Gold has some room to grow in value. Still think it's the right investment at this point in time. We'll see if there is a Santa surprise...I don't think people are going spend crazy in the current environment, but we'll see.
Yeah, I see the rate raise now that Yellen has the cover of a good jobs number and unemployment at 5.0%. That said, I still think patterns are redeveloping that led to the great recession...banks are getting risky again with their lending practices...equity markets are getting over-bought....real inflation against weak pay increases is hurting buying power....the US trade deficit is getting hurt by the strength of the US dollar...manufacturing and oil are getting hammered, ect... The service industry jobs are up-ticking, but you have to have healthy industries for them to be serviced, so those job increases can only take the economy so far. It's great that Google, Facebook and Twitter are doing good, but they're surviving on Advertising dollars which just raise the price of the products being advertised....that doesn't really help the average consumer. I avoid just about anything name brand because you know the huge markup is due to excessive advertising. I'll let others pay for that....I'm looking for off-brands. When the market cools...Gold will pop.
Yep....my hunch was totally off. I guess McDonald's must have been hiring last month. Time for Yellen to raise the rate. That said, I think the gold slaughter was somewhat factored in....it's dropped about $80 from last week's high. Ah well, the market will overshoot and then go cold like it always does....Gold will pop eventually. I'll just wait a bit longer.
Funny thing is that the equity market is not indicating that uncertainty....Dow has just about made up all it's pull back...Gold? That's another matter. It just can't get any momentum, but again I don't think it will take that much of a spark. Seems to me the equity markets are getting way over-bought again. We'll see what happens when the next dose of bad economic news comes out...or some other global event. In the meanwhile...the shorters get to have some fun with the pps.
My guess is the same as expat's. I think the job numbers are not going to be that great and the economy is really soft in multiple areas. I don't think the rate hike is coming and gold will bounce when it doesn't happen.
Maybe, although the official report doesn't come out until Friday. The private sector survey showed 180k created but that survey has been way off multiple times. Kraft is also closing 7 plant with the loss of 2,600 jobs. She can say what she wants but main street is hurting. The spread between the haves and have-nots is widening.....it could play well for Gold, but it will be painful for the low and middle income folks. IMO
What a stupid message to put out. It's almost like she's trying to stoke the market with her heavily nuanced comments. Yeah, and when the jobs report comes in luke-warm and more store closings are announced, like Target today, factory orders are at a multi-year low, global companies are hurting, ect... It won't matter because banks are doing good? Sheesh..like I say the next major pull-back is coming...just a matter of when.
Good time for some major players to park some equity and cash in Gold. Hopefully the uptick is coming soon.
Too bad, we could be having some decent conversation and spirited debate. Oh well, yah reap what you sow. In the meanwhile, it looks like Gold is off to a rough start....should be a bounce back at some point. Gold bargain hunters will make their presence known when the price is right. We'll see. Still thinking Friday's job report will not be stellar...so may see a Gold bounce then. GLTA
I'm sure it's just a matter of time. Probably Friday's job report. When the rate hike talk simmers, gold will run again. IMO, we'll see.
We'll see how the jobs report comes in this week. I'm thinking it will be less than 150k created. If so, the Dec rate hike talk will go away. If the opposite, then we'll see a little gold pull back, but not much. Either way AUY is making some progress on controlling cost with a projected $750 GEO AISC when the brazilian currency hedge expires at the end of the year. This could lay the ground work nicely for a AUY run. As always, we'll see.
Again, cash burn is pretty modest....they're not in trouble on the balance sheet. Just have to wait for Gold prices to up tick and I think it's coming. The Fed is not going to raise is Dec...consumer spending just dropped to lowest level in 8 mth, I'm sure the Oct labor report will be weak, the "strong" dollar is hurting global corporate profits....Gold will come back as a safe have. All MHO of course.