tag:blogger.com,1999:blog-1708908742323002823.post4614129559647651968..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Mining Shares Eroding further Against GoldTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1708908742323002823.post-56766579674159911042012-12-19T16:57:49.106-08:002012-12-19T16:57:49.106-08:00deposits less,the cost of production is higher, go...deposits less,the cost of production is higher, gold will be more expensive than just<br />http://artel-amgun.ru/<br />dumhttps://www.blogger.com/profile/09072220506675953638noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-80561485945562747372012-12-10T16:33:16.261-08:002012-12-10T16:33:16.261-08:00I agree CAE. Dan said it best, take delivery all....I agree CAE. Dan said it best, take delivery all. ETF's are leveraged and if they cannot deliver...boom. Miners are leveraged but only to he extent Big Banks and/or venture capitalist allow them, which is much different than those that make the rules (Govt and Big Banks) with ETF's. Look at GLD vs Gold vs ^Hui vs ^xau. After Oct 2011 in full election and lobbying style big bank money either in ETF's and/or thru their agents (JPM, C, BOA, GS, etc) drove institutational investments into GLD. The hedgies completed the job. If Jim is right the Miners will explode. White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16094932007365839132012-12-09T23:02:01.949-08:002012-12-09T23:02:01.949-08:00I sent Jim Sinclair an email asking his opinion ab...I sent Jim Sinclair an email asking his opinion about the miners and he was very clear....hedge funds shorting.CAEhttps://www.blogger.com/profile/04965649460596033617noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12975447236774461842012-12-09T10:34:34.786-08:002012-12-09T10:34:34.786-08:00TheGilliom, I also wonder about shorting too. Cert...TheGilliom, I also wonder about shorting too. Certainly over the past several years it might be argued that precious metals mining management has not allowed share price to leverage the price of gold, however, the larger than usual volatility over the past year, and over an index of funds such as the XAU/HUI/GDM/GDX, would seem to indicate that share price movements are more speculative in nature, rather than being based upon investment fundamentals.Nigelhttps://www.blogger.com/profile/05516583027816138350noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-50361397815669136652012-12-08T20:59:45.728-08:002012-12-08T20:59:45.728-08:00Unknown;
I find it hard to believe that there is ...Unknown;<br /><br />I find it hard to believe that there is nothing else that they can do meaning some of them still do not understand what the market is telling them to do.<br /><br />Those who are wasting money on fruitless projects need to find a way to trim those expenses or drop the projects altogether if they continue to drain the company without any appreciable return on investment. Shareholders are losing patience with the management and are making their displeasure felt. <br /><br />I cannot tell you how many personal emails I have received from guys who have held these shares for many years now and were strong hands who have had enough. There is too much opportunity cost in holding shares that are not going anywhere.<br /><br />The thing is that the shares are now so cheap relative to bullion itself that if these CEO's began giving some signals that they understand the message of the market, we would see a tsunami of money come back into the shares as a result. Where else can you buy gold at such a discounted price??? it is a bargain but not a bargain until the message of the market is heeded.<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85608168278162593582012-12-08T19:57:54.584-08:002012-12-08T19:57:54.584-08:00How much of this is selling and how much if it is ...How much of this is selling and how much if it is shorting? I think there is a lot of shorting in the miners causing longs to sell.TheGilliomhttps://www.blogger.com/profile/15683076214137118915noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-9816789321276230052012-12-08T14:22:47.116-08:002012-12-08T14:22:47.116-08:00Dan,
Why do you think gold mining managements hav...Dan,<br /><br />Why do you think gold mining managements have failed for so long to do anything substantial to help their companies manage costs and not destroy shareholder value? Pure incompetence or is there really nothing else they can do? Looks more and more like the former in my opinion. They get paid millions and bonuses while making very poor decisions all around, with no one holding them accountable it seems. Unknownhttps://www.blogger.com/profile/08341210496712600042noreply@blogger.com