Big rain here in Montreal. The Parade was short lived, as was TC's recent share price surge. Ah well, live to fight another day!
China has nukes, and lot of them. Also, China can reach continental US with long range missiles. I really doubt the US will ever invade China...
This article is talking about short position on precious metals themselves, not miners. Low gold price directly affects Yamana's financials, as opposed to Yamana's stock being shorted which only affects the price of the stock itself.
If I had as much money as you I would not be wasting my time posting on Yahoo forums and would be on a yacht in the pacific instead!
Yeah regarding Europe I'm one of the believers that the EURO can't exist as a currency until there is a true centralized government, the same way the US (states vs federal) and Canada (provinces vs federal) work. At one point, citizens part of Europe will have to make a choice between keeping sovereignty on their country VS keeping the EURO in a centralized Europe. Personally I think national identity is too strong and the EURO will be gone within the next thirty years. As for ECB well I don't know if it will be stronger, but it certainly will be more stable without Greece in the short term... until Portugal, Spain and Italy blow up.
Well, I'll go against the flow and predict a short term 'resolution' to the Greek debt problem. The can will be kicked down the road again. Right now what's happening is just a big poker game on each side but like the debt limit problem in the US, it will be fixed at the 11th hour. We're still drowning in debt and many more countries than just Greece are bankrupt at the moment but the illusion can be maintained by the market magicians for much longer I think.
I think it will take a much bigger financial shock to prevent the market magicians from doing their magic. I'm waiting for China's shadow debt problem to bust, which should have an unavoidable domino effect worldwide. The question is when?
I won't complain as I managed to buy this morning at around 3.04. This is ridiculous but still believe in a year or two we'll wish we bought more today. (that being said, I thought the same thing two years ago when stock price was double today's price...)
To me you sound like a teenager panicking because she lost her iPhone, but maybe it's all about wisdom. There are many companies in similar situations where management doesn't buy on the open market.
Holding NUGT for more than a few days is insane, you'll have more fun at the casino. Same risk but good looking women with giant grapefruits, and free alcohol.
In Canada if you've got lot of money then you are too important to go to jail, unless you kill someone. The management that defrauded Nortel a few years ago are still going around with their BMW and never spent one day in jail. That's our lovely Canadian system.
It's crazy. A few weeks back I had to sell at around $3.80 for a cash down on new condo. I was so annoyed for a while when I saw the stock price shoot up to $4 a few days afterward. I'm really surprised to see $3.26 today, would never have expected that. I would definitely buy today if I had any cash left. Gold is still at around $1,180, it's not like it was down to $1,000.
The funny thing is, in light of current Gold price, the deal with Royal Gold was in retrospect a very good deal for TC. There is no way they could get the same amount of cash today for 52% of that gold stream. Royal better hope gold goes up or TC won't be the biggest loser here.
People doing like you would have lost more than 70% on their investments in the past two years, people doing like him would actually have made money. I'm really not sure who's the 'stupid' one here, using one of your many insults you seem to love to throw around.
MCP: What have you been doing in the past month?
TC: Nothing much, just lost over 30% of value.
MCP: Wow, me too man!
TC: Better hurry and drink before we both run out of money!
Tell that to people who invested in Weight Watchers a few months ago ;-)
The funny thing on this board is that most see TC as being such a disappointment compared to other miners. I can tell you I've got a dozen miners on my watch list that share the same type of problems and have the same kind of people complaining about the same things. Yamana lost 66% of its value in one year. Most other miners lost 50% of their value. TC is a small cap company so it's bound to get hammered a lot more in difficult times, but has more potential for extreme rebound. I agree the CEO is a clown but so are most CEOs in this industry.