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Recent Posts

1
Miscellaneous / Re: Absurd
Last post by ken -
Trump was wrong on the trade war also. He will lose big time. The reds bought our debt which allows for the expansion of more debt. What this means is that a lack of confidence moment is coming upon us soon. PM's will soar along with the dollar as countries seek a safe haven when shtf moment arrives.
2
Miscellaneous / Re: Absurd
Last post by sandybeachdave -
President Trump want Powell to lower interest rates a full percent and initiate another QE program; ABSURD! 

The president is wrong on this message. First, no country has ever become an economic powerhouse by trashing its currency, and that is exactly what happens when currency supply increases exceed the increases in goods and services. Second, this policy is printing money; nothing was sold, no labor was expended, no rent collected, etc. in exchange for these new dollars. There is no difference between this policy and counterfeiting. Third, because the new money has no backing yet it spends as do legacy dollars, they have to get their value from somewhere. That somewhere is from diluting the wealth of dollar denominated assets, namely investments like private and public bonds, bank deposits, cash hid under the mattress, etc. Those are held mostly by the middle class and retirees, so the policy he advocates is funded by them w/o their consent. Fourth, the policy severely under prices risk and encourages misallocation of wealth. Under pricing risk is a reason why there was a dot com bubble and real estate bubble along with the stock and bond bubble that now exists. Cheap money has allowed corporations to borrow for share repurchases, wealth spent, not invested. Share repurchases do absolutely nothing to improve the underlying business or its profitability, but they do make profits look better on a per share basis because the share count is reduced.

You will not hear that from mainstream and conventional wall street analysts because it is contrary to their book, and the few that do have it right do not articulate their position very well. All this is very bad for the country and very PM positive.
3
EXK - Endeavor Silver Corp / Re: EXK
Last post by sandybeachdave -
I have pulled the trigger on building a meaningful EXK position this morning at $2.345. They have a lot of leverage to silver via probable production growth and via an AISC at or just above current silver price.
4
Miscellaneous / Re: Absurd
Last post by ken -
Well it will lead to a new dark ages that may last a thousand years. Not one of these economists have a clue.
So much has been written about this with a variety of opinions that it boggles the mind.
5
EXK - Endeavor Silver Corp / Re: EXK
Last post by sandybeachdave -
The linked article is a long dissertation on several topics, most quite interesting, but for me having been looking at EXK for over a year, it has a good company summary and projection with support on where it may be headed. Look at the bottom of page 6 for the start of the EXK comments;

https://tomluongo.me/wp-content/uploads/2019/08/Gold-Goats-n-Guns-Issue-24-August-2019.pdf
6
Miscellaneous / Re: Absurd
Last post by sandybeachdave -
The linked article is an explanation of the evils of negative interest rates and the end game, it is very interesting take on the subject:


https://www.barnhardt.biz/2019/08/14/toldya-negative-interest-rates-highway-to-a-cashless-statist-hell/
7
Gold / Re: Gold and silver now VS 2003
Last post by ken -
Most notable about 2003 and now is this. I think it's like June 2003


You calling a top?
8
Gold / Re: Gold and silver now VS 2003
Last post by edthelorax -
Most notable about 2003 and now is this. I think it's like June 2003

9
Gold / Gold and silver now VS 2003
Last post by edthelorax -
I know I posted about this before, I can't remember where, but I found this chart where the arrows point to similar moves in 2001-2 and 2016-18. I added the big red to show where i think  gold was in 2003 vs. today.
I will keep looking to see if I can find what I wrote almost a year ago about this.


Here is something I started a good while ago for silver, It has a green 1 and 2 marking similar moves then and now. I just added the blue arrow showing where I feel we are VS 2003.

A variation, showing 25$ target


I better post this before life calls me.

10
CDE - Coeur Mining, Inc / Re: 2Q2019
Last post by ken -
Added some CDE on ydays dip at 5.15 avg as a trade.
I still hold a very large position at about 3.10 avg as well as Jan 4 calls ( up 250% ).
They also filed to sell up to 75 mil of stock with Citi and BMO from time to time. Not a big deal as will likely be used to draw down debt ( AG has similar program ).
IMO with gold at 1500 and silver at 17, cashflows will be significant in the coming quarters. Fair value of stock is close to 7 presently IMO.
Watching to see if this will develop a handle. On the weekly it looks more defined.