The CEO and CFO bought in the past few months a 100k shares total almost around $6. I don't want it forever just severely undervalued, cash equivalents are $700m and market cap is $1.7b almost $2 of $4.55 price is cash....niobium has big demand in growth of the auto industry and other sectors and they control 7% of the worlds niobium. I think $6 easy by end of year, ESP now that Goldman issued selling gold as a slam dunk today, Goldman is like Cramer you do the opposite you'll succeed. Cramer said he liked himax at $6.65 with a $9 target August 1 then August 20 it was at $5.75 he said it was overvalued and to sell then a month later he said it was a buy at $10.65
These past few days have been brutal to my account. Should have stayed on the sidelines with so much political uncertainties around...
Brutal? We haven't really even pulled back that much. S&P 500 is less than 5% away from all time highs.
I know. So it was all on me. Made some bad decisions, and didn't hedge enough for a potential downturn. Learning my lessons...
fear not after the king annoints yellen tomorrow at 3 pm all stocks will roar and gold will also rise. She is the printer to end all printer, we'll need double the ink we currently use with bernanke
Appointing a new Fed chair doesn't change the borrowing limit, or get the Republicans to give into Obamacare.
ok so we have 2 options next week 1.we default, people dump treasuries, dollar gets weaker.....good for gold 2.we raise the debt ceiling and spend more money we dont have ..... good for gold Im trying to see where gold is a bad investment at this point? Look I've always laughed at gold and silver bulls but the reality is the government is a sinking ship and if people start dumping treasuries god help the dollar. Gold will rise bc either way the dollar is doomed. the only way the gold drops is if we get our fiscal house in order and really try to get our debt down. I heard the media pumping the idea our deficit is only 700 billion next year vs 1 trillion+ the last few years.....lol at that being a good thing, sure we're still 700 billion in the whole congratulations america! The reality is the US can manipulate all it wants, goldman sachs issued a sell order on gold yesterday, but why is china importing 100 tonnes a month each of the last 4 months? China has rules that gold that comes in can't go out, gold doesn't leave there meanwhile we have 8 tonnes as a nation which is $340 billion dollars of gold, lmao thats what we print in 4 months, can you magically pull 8 tonnes of gold out of the ground? The dollar is toilet paper and the US is going to burn all the middle class and savers who hold dolalrs bc the rich have assets that are inflating whether it be stocks,land,businesses all things that rise with inflation, the middle class and their dollars under their mattress......screwed you tell me how the US will pay down debt and strengthen the dollar? What loony would buy treasuries after this debacle this month especially when it yields under 3% with real inflation somewhere around 4-5%
Eddie as I said in D&d when you go on and on about your vast knowledge on what ails poor people. You truly have it ALL figured out.
If this were true, gold would already be up. Irony. If it's yield is so low, it means demand is extremely high by definition - so there must by a lot of "loonies" out there.
man i'm getting too lazy with my morning trading FB, TSLA, YELP, and some others had some nice quick flushes in the morning to buy. i was sitting at home in my underwear watching cnbc. other than that i'm in some ABX puts that expire this week. not sure what i'm doing with them yet. and the random trades of the week are my small longs in FISK and OGCP. ESBA also trades with these two guys and all 3 are related to ESRT. fun trading if you like watching things go up.
lol robbie "And yet gold keeps selling off.... That should tell you something." That's bc government sachs yesterday issued the concept that gold was a slam dunk sell. So in order for gold to fall the dollar must strengthen. Can I have your thesis on why the dollar will strengthen so much in the future?? 1.Is it our low debt? 2.Is it our growing economy and middle class?? 3.Or is goldman sachs causing a sell off to cover a short like they did in april? The reality is the sheep always get slaughtered and those who buy when there is blood in the street are the ones who make money. What happened when we announced there would be no taper september 17? Gold rose 4% in a day, the reality is most investors are clueless and do what the talking heads say. The media keeps saying the US situation is ok so people believe them. Why are China,India, and Hong Kong importing more gold than ever? To protect against a fall in the dollar.Let me remind you that Goldman also issued a "buy" on oil with a target of $150 before it fell to $30. Here's a good read from yesterday on how garbage goldman is Schizophrenic Goldman on Gold One day doesn't make a metal that's traded for thousands of years. Tell me one asset that will outperform gold over the next year? I'll make a wager with you.
you do realize it costs between $1100-1300 to mine an oz of gold right? so miners are already shutting down production, IAG closed a big mine in Mali. Do you know what a decrease in production while there is an increase in worldwide demand creates???? I'm not an economist but it usually sends prices higher. Gold at $1000 or $1050 is just silly, the miners wouldn't even mine at that price.
yeah but that didn't have a tradeable quick rip down in the morning, but you are right it is certainly a good pullback. might be a bounce coming though. feels a bit extended to the downside.
lol that you believe the dollar will rise. Read up on the currency war at hand, all currencies are in a race to the bottom. The US and their relentless desire to help the poor are going to cripple the dollar LMAO that you think it will strengthen with janet yellen coming on board and printing more
Not a good sign when the business can't make money with gold at these prices. We are only about 30% off all time highs and there are miners on bordering on bankruptcy. They were stupid not to hedge with gold prices skyrocketing and now they are suffering the consequences. Further, you act like gold supplies have to be continually replenished. It isn't used very widely in industry. People buy it and hold it. Further, investment and central bank demand for gold has cratered and overall demand for gold is down. http://www.gold.org/investment/statistics/demand_and_supply_statistics/ That's why prices have dropped. On top of that India is taking major steps to curb their population's gold fever. Your family is Indian you should know about this.
