Just bought CFP @ 5.07.
I don't know if the 18% is sustainable,but I started a small position to test the waters.
Don't see much down side from here, but the divvy could be CUT.
Makes sense to me, but in the mean time, there could be a lot more downward pressure on the PM's.
Enter with caution.
I think Slick is right.
Also a strong dollar is bad for PM's.
What we need is "some" inflation. Then a little fear. LOL
On 12/13/13, NLY closed at 9.94, 38.6% below its 52-week
high and 2.9% above its 52-week low.Monday's close 9.82 looks tempting.
Been watching NLY,but don't want to chase the divy.
Could be turning around?
I still own some RSO, but not nearly as much as I once did.
I like Ruby's assesment, and will hold .
I also have RSOPB preferred which I'm happy to hold for long term.
For IAMGOLD, it very quickly becomes apparent that the company cannot sustain its dividend payout. In particular, during the third quarter, the company paid out a cumulative $55 million in dividends, but generated only $63 million in cash from operations. IAG spent $131 million on capital projects. All in all, this gives us a free cash flow including dividends of negative $112 million.
POG needs to go up for IAG to sustain it's divy.We will soon find out
"People are Right to Fear Paper Money."
"It's Only Going to Be Worth
Less and Less Over Time."
- Warren Buffett
Gold has formed a solid base at $1,220 for now and this level coincides with the approximate average global cost of production for the metal. Last time we saw it below $1,200 it bounced very quickly.
This will be a bumpy ride,but the worst could be over . IMO