the Gov and Fed is in cahoots with big banks to keep gold silver price down so the dollar looks rosy as a posy...and it's been working since 2012. "Too big to prosecute" is just like "Too big to fail" Crony capitalism combined with a broke funny-money socialist gov at its finest/worst. Free enterprise is dead...we have a socialist oligarchy now.
it's amazing who the people vote for...we vote for lawyer community organizers with no military, or business, financial, foreign policy, or scientific background which are the things you need for POTUS. Voters would be the worst HR department in history.
there used to be some EW technical analysts that did pretty well trading this stock on this board (only EW I've ever seen work). There were also guys who were up to date on all things silver. Now it's just pumpers, bashers, and tinfoil hat wearers.....this stock has held up better than any of the PM stocks after the recent sell off in silver, and the options are great.
Honestly , I look back at the price of silver and the cost of living in my area (back in the early 90's it was 4-5 bucks but things were 3 times cheaper) so from purely a monetary valuation perspective, $15/ounce is a fair price unless we start getting wage inflation AND overall inflation, anything over $20/ounce is too expensive right now, but that doesn't include increasing industrial demand or increasing scarcity for mines....that should pump it up a few more bucks. Photography used to use a lot of silver, not so much anymore so increasing industrial consumption isn't as much as you might expect. Look for increasing velocity of money of US$ for gold-silver rally in 2015. Nothing but upside for SLW
silver price is down, gold price is down, market is down, dilutive offering to buy stream perceived as negative by many, and this volatile stock is only down 5-6 % is not too shabby price action really. Not even close to recent lows.. Hell, my covered calls and puts make me as much in a month as this stock is down today. This stock could do this on any given day just based on silver/gold price drop alone. Nothing to see here.
"Down with corporate wellfare! Down with tax breaks for the rich!", cries the limousine liberals while buying their subsidized electric cars and paying no gas tax....problem is sooner or later you run out of other people's money and people see through your hypocrisy.
I like to look at hiring for a company as an indicator of future growth. People are EXPENSIVE, especially tech people, you don't hire that many new people unless you expect considerable expansion of your business size.
smart companies only issue stock when the cash will guarantee a payback in increasing the financial size of their operation in proportion to the stock issuance...oh wait, that's what SLW just did.
long term SLW will continue to reflect underlying commodity price, only now more gold/silver instead of just silver...that's what investors should expect here.
this deal might be pretty good ....they paid VALE partly in warrants at $65....why would VALE accept that unless they thought SLW price would go to $65 sometime in the next 5 or so years? And why would underwriter pay cash at 20.55 if they didn't think that was a good low price? The price points of where to buy and sell this stock have been laid before you by people with more information about their financial situation than anyone on this board. BUY the dip
the most dangerous thing in politics is the eco-cult that is promoting this global warming nonsense and has taken over the EPA, they are using environmental do-goodery and pseudoscience to justify expansion of socialist government and confiscation of wealth.
people buy rental income real estate with 30-year mortgages and that's a long pay back too, but they still do it and it often makes them money in the form of the rental income, as well as speculative appreciation of the asset and they are paying interest as well. In the case of SLW's new stream, they aren't paying interest, the payback term is shorter than a 30 year mortgage, the income stream is higher than most rental income as percentage of the asset price and the appreciation of the asset might take the form of higher gold prices in the future. Now if gold price tanks to 500, this is going to look like a very very bad deal for sure, but if it stays at 1200 or more, it should be very lucrative. It is a big buy for sure, once the new revenue stream starts to show up in earnings reports stock will trade normally.
ouch....up 11% now. The article should read, "CLF up 11% as cocksure shorts are left twisting in the wind on CLF restructuring turnaround."
exactly why gold/GDX is great, when market ceases to be that "better place" gold will go up up up, because gold will be the ONLY place left.
declining commodity price environment is looking the rear view window as well. Copper and oil not going to stay low for very long me thinks.
that's incorrect...last quarter he said he would like to keep the divvy but it was subject to board approval, they kept it...this quarter not. There is no credibility issue, the divvy was always subject to quarterly review by the board. You shorts can't have your BS both ways...when he didn't cut the divvy, shorts said, "you should cut the divvy it's too expensive, pay down debt" now that he cuts the divvy and pay down debt it's "he has a credibility issue, no reason to hold the stock" I predicted you shorts would say as much months ago...and here you go, your propaganda game is transparent to those that have been around awhile, unfortunately the market is short sighted and still listen to Wells and CS
I love watching socialism screw itself. At least this time the bailouts might be on something that benefits me.