From my point of view, the downside to bonds is simply limited upside, which is a counterbalance to more safety. I've heard the same religious arguments from option players, as if options were the only real way to trade.
Yes light, stocks are higher risk, that's why you won't get 300% return in two weeks with bonds... it's just risk/reward ratio and odds, a bit like gambling on RED versus 17 BLACK...
Yes gatr that's what I try to do usually, but I was lucky enough to get my recent batch at a low price and have another miner in mind so it's a "strategical" transfer. I actually sold my remaining TCM stock today to buy PLG, but I plan on being back in TC if the price doesn't sky rocket... which I hope it does for all shareholders.
Glad you noticed! The Habs haven't won two in a row since November... a drown trend even gold and copper didn't match ;-)
Just enjoy the gift, shares are dead while platinum explodes... that's a gift. One day the HF computers will turn our way and we'll rejoice.
Interesting article mentioning TC. Here's a sample:
Some of them could start to trip their debt covenants this year. And, looking ahead, they have large repayments coming due over the next several years that look impossible to meet at current metal prices without a major refinancing or restructuring.
Of course, not all debt is created equal.
Companies that have revolving credit facilities with banks can usually refinance and extend maturities without too much trouble. But companies with a great deal of public debt, such as Sherritt International Corp. and Thompson Creek Metals Company Inc., could have a tougher time.
“Public debt due in short order here is going to be problematic,” said Shane Nagle, an analyst at National Bank.
It is unlikely that any of these companies will be forced into creditor protection, even in a worst-case scenario. They should be able to find ways to deal with lenders and repair their balance sheets. But shareholders are wondering what kind of pain they will be put through for that to happen.
Management has some very interesting strategical decisions to make. trying to sell when platinum is in a downtrend means lower returns. Trying to wait for the downtrend to turn into an uptrend is risky if prices end up faltering. I personally think they should wait for a solid uptrend to materialize. Let's say platinum holding above $1000 for at least a month or two... then you sell into the uptrend. Would be easier to catch some fat fish. But it's all theoretical. I've seen companies make major mistakes by trying to wait, and others make major mistakes by selling or buying too quickly.
Not that anyone cares about my trades, but I've sold the bunch of TCM I bought @ 20 cents a few weeks ago for a nice little 60% profit on Friday. So now I'm torn apart between hoping for an implosion and an explosion. If they crash back down I'll add more, if they explode well I'll try to enjoy the ride with my current TCM position.
I used the proceeds from the sale on Friday to buy PTM (PLG on US market). There was a member who sold his whole TC position to buy PLG (since then, PLG is flat but TC is up 100%) and it got me looking into this PLG which seems to be a good short term candidate for a price readjustment.
I'm still deeply in the red for my overall trades in the past three years so it's not like I'm trying to look like some sort of genius, just trying to have fun in a risky situation ;-)
Well, from my point of view it's an "interesting" idea but for such an idea to be valid it would have to be done in a way that no one can notice it. The way Ultra describes it, it's like a Hollywood movie and way too obvious.
That's a nice theory of yours Ultra but I'm not convinced Perron is smart enough to follow such a strategy...
It's far from being over. Something that can relentlessly go down for years can certainly relentlessly go up for weeks, at the least...
I thought banks and funds were allowed to trade directly with each other, bypassing the normal trading process. The famous trades with weird prices like $1.0445 are an example of such trades.
I'm guessing the reason for the surge today is the good results published by Royal Gold, which contains good gold production numbers from MM. That mine is quite healthy!