They aren't scaring anyone, that's a 2008 story. They're making everyone upset through being so blatent. Forbes reported on the Q4 gold manipulation findings actually led to nominal punitive actions. I don't understand. They've been caught manipulating the market time and time again, but they never change the rules. All we need is uptick rule.
They will never raise rates. Try telling $T banksters that free T-bill interest is coming to an end and suddenly those photos from that party with that thing from those years ago start to surface.
Can Khazakhstan adequately defend their $8B of gold holdings? They are on a buying spree in a less than desirably safe area of the world.
6-month low is also the 5-year low. I missed the part where gold was in abundance and USD was in short supply. How could gold be trading at 2010 levels?
I suppose I couldn't be a gold bug if I didn't have a sort of hatred for debt financing a business- especially one that indirectly supports global economic fraud through forfeiting all leverage to be anything but a pawn for banking derivatives.
You're right of course with oil and holding and futures and the real parties transacting. But I submit that in the current environment any miner with sufficient balance sheet strength would be better served liquidating some holdings and paying down debt while accumulating gold from what remains. I will call this the prudent miner. I believe the current environment bides the prudent miner to wait out the spot market than to go to contract.
But as Yamana accumulates, there becomes more leverage. Options to sell bulk lots on the futures markets can pressure highly leveraged miners. If I was Yamana, I would sell only as much as is absolutely required to pay the bills each month and store every single dust particle for a better market.
It needs to translate on the earnings report. If we start the growth machine again one with this new media campaign the sky is the limit.
I love it. They have challenges but this is about image right now and that's key for the future.
Thanks did you watch the MJNA video? We just want to see profits and it's looking like a foregone conclusion.
Love that company video statement. You guys are the experts, lead the charge in broad daylight! Yeah! That's the Titus I want to hear on the phone when it's time to talk about earnings. I'm psyched. I want more. Need you on some mainstream interviews! I said it when we found out, we have a face for MJNA. We have energy!
If miners all agreed to halt shipments for a few days, in protest pulling the curtain on the real physical demand in the marketplace, what would happen to price of gold? Oil companies float tankers for months waiting on higher prices. What about gold? If you have enough balance sheet strength why not just stop taking orders if the revenues or margins are disappointing? Accumulate. Sell little bits for the payroll, but accumulate. Too much debt financing and producers lose all their leverage chasing a crowded market. How long could Yamana chug along just paying the bills?