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Recent Posts

1
CDE - Coeur Mining Inc / Exploration update
Last post by andre171 -
https://finance.yahoo.com/news/coeur-provides-mid-2020-exploration-203000543.html

I do not have the technical and geological knowledge to appreciate the exploration results released yesterday.
I therefore invite readers more competent than me to give their opinions and interpretations of these results.
Are they meeting your expectations and the hopes generated by the July 30 conference?
For the south of Silvertip, a reconciliation of a magnetic element thought to be the source of the mineralization was reported. Do the latest drilling results provide any information on this subject?
2
Gold / Re: Gold 2020
Last post by edthelorax -
Gold $2000!!!!!!
Time for caution.

Maybe caution was a little too soft of a term. 





3
Gold / Re: Gold 2020
Last post by sandybeachdave -
PM's had a very violent down day today with gold hitting $1911.30 on near month futures. I imagine many stops were hit and I suspect there may be some bids made at this level. Chances are gold will not go too much lower and the chart oscillators will get into 'range' with horizontal or moderately changing price action. There is a very modest PM bump as this is typed. Also there has been no news that changes the macro fundamental picture, Russians saying they have a vaccine that Putin's daughter has taken is not needle moving. The PM secular bull is intact IMO.

4
Gold / Re: Gold 2020
Last post by sandybeachdave -
The correction seems to have commenced with more vigor than I expected, probably on announcement that Russians have a Wuhan flu vaccine and western drug companies announcing projected time tables for release of their vaccine as well as treatments being put forth for approval. Question now is where does the correction bottom?

Midpoint BB curve is a 20 day MA and sits at $1932 which closely aligns with the midline of the regression trend and the lower band is at $1764. RSI is approaching midline but MACD is still in way overbought territory. The black line is a curved line fit of data over the last 3.5 years; it would not be unreasonable for it to be challenged. Because of of MACD position, I am thinking we have a ways to go, but I doubt gold futures go below the 2 sigma line currently at $1808.

5
CDE - Coeur Mining Inc / Re: preciosa's problem
Last post by edthelorax -
Ed, who knows?
Personally I am buying platinum since 800...physical form and etf as a trade. I see platinum as MUCH more scarce than silver and its easier to stack.
Silver has been my worst investment over the past 10 years and maybe I am jaded. Im actually doing well now as my cost is about 20 but what a waste of capital it has been ( I hold a lot ).
CDE is a terribly run company. I made great money on it in 2010 from 3-6 but I will never touch bad management EVER again.
Barrick and Kirkland are my longterm bets  ( great management ) along with platinum and the KING which is gold.
I will slowly be selling my silver off and buying platinum and more gold with that money.
GL
I have to agree completely with you about platinum.
Everyone trades differently. You are an astute, long-term, risk adverse Investor. 
I am jaded against CDE for different, more personal reasons. (2008)
That doesn't change the shorter term trading opportunities.  MGN traded from below $1 to over $20 and never mined a single ounce.
Some dot coms and alt. cryptos had 10,000+% gains over nothing. Sometimes stupidity trumps fundamentals in today's world. 
6
Gold / Re: Gold 2020
Last post by sandybeachdave -
This might be in the wrong thread but it compliments the above posts pointing out we could be in for a cyclical correction within the secular bull market. Note on the chart of GDXJ/gold current month futures that the shares are not keeping up with the pace of gold's rise. Often shares lead gold and they may be leading at this time as well.



Countering this thought, is this article:

https://www.zerohedge.com/commodities/bullion-banks-have-no-way-out-big-gold-shorts

They may both play out, the article explaining why the correction time frame could be very shallow and short. I honestly do not know what to think short term with so many cross currents, but I am convinced the secular bull market remains in tact; there is too much high level mismanagement and malfeasance with basic institutions like our money, rule of law, public education, elections, etc. for PM's not to be the only store of value.
7
CDE - Coeur Mining Inc / Re: preciosa's problem
Last post by Nikko -
Ed, who knows?
Personally I am buying platinum since 800...physical form and etf as a trade. I see platinum as MUCH more scarce than silver and its easier to stack.
Silver has been my worst investment over the past 10 years and maybe I am jaded. Im actually doing well now as my cost is about 20 but what a waste of capital it has been ( I hold a lot ).
CDE is a terribly run company. I made great money on it in 2010 from 3-6 but I will never touch bad management EVER again.
Barrick and Kirkland are my longterm bets  ( great management ) along with platinum and the KING which is gold.
I will slowly be selling my silver off and buying platinum and more gold with that money.
GL
8
Gold / Re: Gold 2020
Last post by sandybeachdave -
This chart is the same as the above but over a longer time frame. Note the steps on average are getting shorter, particularly for the 'corrective periods and the upslopes are also getting shorter with greater amplitudes. Then there is the anomalous recent increase. The horizontal line on the MACD trace goes back to the highs of 2011 to get close, but the current curves are at decade or more highs. Something has to give.

9
CDE - Coeur Mining Inc / Re: preciosa's problem
Last post by edthelorax -
There is no question of already considering the construction of La Preciosa because the price of silver has just skyrocketed for a few days and it is not known if this higher price will last.
However, I can not resist the pleasure to note that at the current price of silver (27.76 $), compared to the technical report of 2014 established on the basis of a price of 17 $:
- the potential sale value of reserves (130M) increased by 1398M, or $ 5.6 per CDE share,
- the NPV @ 5% went from negative to 378M and this on the basis of a technical report which should be improved given the evolutions over the past 6 years,
- the reserves taken into account are only those which were economically exploitable at $ 17 per ounce of silver and that their volume should increase with the price of silver increasing by 63%. To what extent, I don't know, maybe you can assess it?

I can't answer your questions but I do have an opinion.
I see it like this, CDE is one of the longest operating silver companies, they are listed on the NYSE they have managed to keep going with suppressed silver (and gold) prices basically braking even when lucky. Silver is never going to be under $20 again.
Silver is going to be at a new ATH in under 5 years.  The GSR is going to continue to drop long term. All figures in gold equivalence will have to be adjusted higher. 40:1 is being conservative for the ratio.  The name recognition isn't lost on the old timers (where the
$ is) Trying to figure markets by fundamentals is a losing battle. The market can remain irrational longer than I can stay solvent. The irrationality to the downside lasted so long the upside is going to be just as illogical. Just the industrial application of silver should mean a $30-40 price. Silver is also money. Realistically in today's environment, that should give it a price in the lower 3 digits. It will eventually overshoot that.  The FED has made it perfectly clear they will not allow total deflation.  There isn't a huge stockpile of silver any more.  For every seller there are many buyers.
I revised my silver chart for you for a longer term view.
First is the cleaned up version the targets in red are real.
The second I couldn't help but put up the rays for a 4 year projection.
Thanks for your contribution.

10
Gold / Re: xauxag
Last post by edthelorax -
I know I recently posted a GSR chart, I guess it wasn't here were it belongs.