Right on....all these silver plays are missing....except Tahoe which declined anyway. Got out of AG early, thank goodness...
Not yet our time.
They ain't going to be able to put lip stick on this pig...I see down a dollar...DARN DARN DARN, should have sold on that pop yesterday. No wonder the stock closed near its low....
The only thing that I can say is that with the silver price this low a few cents of earnings here or there aren't going to make much real difference in the long term...So we go back to $9; do we believe the company can earn good money if the price of silver ever gets to $30 again....I for one believe it can and while even then it might disappoint by a few cents on earnings in a given quarter, the earnings will be substantially higher.
Bottom line: lose more money in the short term on this item. If I had had as much confidence in your face FACE BOOK or Apple as I have had in silver and its related my life would be significantly different./
Call me to the hanging of JPMorgan...#$%$ #$%$ thieves
What does the market want??? Falling oil and gas prices must be the issue for investors....I think they are selling the wrong stock in this case...Well done CNQ.
GGN is trading just below a 3% premium to NAV. Energy shares are in a steep decline and miners are just barely hanging in there. Holding what I have but not tempted to add, yet.
No $40, no$20...how about $33
I am really surprised how dividend paying stocks have acted in this sell off, being quite week, when interest rates haven't risen. I am thinking they are an add if the S&P500 gets to 1860 where technicans see support.
me too...I'm hoping the drillers get smashed and I can buy this high dividend yielder for a song....Probably wontt happen, looks like a rally off the lows of Friday is about to unfold..at least for a few days.. If you wanted cheap shares you needed to be buying on Friday mornings when thee was blood in the streets of GAZA.
SLW took out or surpassed the last nine closes with the late spurt on Friday on slightly better volume than the two previous days.While I suspect some of Friday's gain will be given back after a possible higher opening come Monday, and especially with all the flack PMs have to face next week, I am encouraged that we're going to go higher. Especially now that we enter the favorable seasonal period for the metals.
Premium has backed off to mid twos...I wonder why Sprott didn't do a secondary....Could have really goosed the market if they'd come in for 20 million ozs. Suppose they have good reason though it is never discussed...I'd also like to know what the short open interest is in PSLV...
I'd like this to come down some so I would be more comfortable putting back on my full position sold just before the X-date....Sale has worked out so far to my account's advantage. I suspect being greedy will be my undoing...The three percent premium may reflect some positive with respect to future distributions going back up or as suggested a special at year's end. Don't know, just speculating, which is after all what we do here...
The anticipation would be for gold and thus miner weakness going through the last week of July and options expiration and first notice day for the August contract. For we short term bears I am reminded: there is no good news that is anticipated....
A look at commodities will tell you there is a bear market going on. Energy seems to swing with the the latest geopolitical concern, especially if it impacts oil supplies...Metals are just plain manipulated...one has to play the manipulators and only buy weakness. All and all I look for a soft GGN price for a couple of weeks, but after that if miners and energy get into rally mode, look out above...
My guess, only.
Reduced position....this market manipulation is getting to be old hat....just can't expect rallies to follow through with the CABAL bashing price....15 million oz annual production good for the company but at $20 silver how much money can they make....I've said before they ought to sell just enough silver to meet expenses and safe harbor the rest.
won't get over $12.5 until silver passes $25. Reduce position today am going to spread out over the sector and probably use SIL to do so...
good fortune to the longs....I just think the mexican tax hike took the wind out these sails...It was probably too good a deal that wasn't going to last...to bad the price of silver hadn't stayed at $40.
Do the math...at $40 times 13 million oz at a profit margin of 30% down from the high 40s that's about $1.40 a share...or about $21 as a share price given a 15 PE....Silver is about half $40 and the share price is about half $21. Should profitability metrics start to materialized that are different than those noted above, and if they buy back some shares, and don't do some capital intensive acquisition, we''ll likely see new all time highs with silver at $40.
Problem I see is their financial situation...Looks like a bumper is at work here, using any news available to promote the issue for a stock offering...Bought shares, sold when the momentum dried up...This drop from 85 back to 62 in a matter of days is very suspect...I love the story but doubt they have the money to commercialize. Could be wrong, of course, but I see much hope but little cash....A group is actively promoting the stock which is not all bad if the company actually has the goods....
I suspect there is going to be a sell off in the metals through next week, and potentially of oil, if declining commodity trends, generally, are not offset by Iraq considerations. $43.35 could be seen if oil breaks $105 and gold and silver go into full scale retreat which the commitment of traders report strongly suggest they will.
Looking for about a $2.50 correction....similar to others seen in the not too distant past.
Big move in the after hours...wonder if it was on volume....Trend is strong; I think you'll see the $47.50 high end of the range hit and exceeded sooner than the next three months.