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Bob Kirtley

 
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  • What It Really Costs To Mine Gold: The Allied Nevada Gold Second Quarter Edition [View article]
    Its a bit similar to buying an antique car; the owner can advertise it as having spent $25K on the re-build, but the asking price is only $18K. If you are the prospective buyer you are interested in what it is going to cost you and what you think it is worth to you.

    Its nice to know what the rebuild cost was, but that's all.

    Nevertheless this is a good article so thanks for doing it.
    Aug 18 05:04 PM | 3 Likes Like |Link to Comment
  • Gold's Advance Is Being Capped By The Dead Cat Dollar's Recovery [View article]
    Trader8877,

    I don't know if the US vaults are full or empty, but it does bother me that the powers that be are so reluctant to carry out an independent audit. Germany wanting to take possession of their own gold makes sense to me, but the difficulty in getting it delivered is a tad odd to say the least. I think it was in the early 70s that the French asked for their gold and sent a battleship to New York to collect it. Germany should insist on having their gold returned to them, however, there may be a good reason that they can't insist on it happening, such as an empty vault.
    As for manipulation, well there are some odd things happening such as the dumping of large amounts of metal in times of thin volume, so the result is a dramatically lower price, could be manipulation, panic selling, pressure to raise cash quickly for a margin call in another sector maybe- I dunno. cheers, Bob K
    Aug 3 08:01 PM | Likes Like |Link to Comment
  • Gold's Advance Is Being Capped By The Dead Cat Dollar's Recovery [View article]
    Trader8877,

    You did indeed say in your humble opinion - I need to take more care, cheers, Bob K
    Aug 3 02:09 AM | Likes Like |Link to Comment
  • Gold's Advance Is Being Capped By The Dead Cat Dollar's Recovery [View article]
    Trader8877,

    Just about all of the super bulls think that the bottom is in and therefore their mantra is buy, buy, buy, but some have been saying that all through this bear phase which has been a disaster especially for those holding stocks, the HUI is down from 630 to 237.
    Aug 2 09:51 PM | Likes Like |Link to Comment
  • Gold's Advance Is Being Capped By The Dead Cat Dollar's Recovery [View article]
    Steve Bass,

    Its true what you say about gold moving to the electronic trading system via the COMEX which in turn dominates the performance of the physical market. However, in September their will be a new exchange on the block in Shanghai which is intent on dealing with real gold and real delivery so the price discovery of gold may start to move away from the figures dumped on us by the COMEX.
    Can't comment too much on natgas as Im not that well up on it, other than to say for the Europeans to stick with gas means they are dependent on Russia for the supply. I would prefer to see Europe make a big push into nuclear energy and be independent of any other nation.
    Aug 2 09:39 PM | 1 Like Like |Link to Comment
  • Will Import Taxes On Solar Panels Hamper Silver's Ability To Rally? [View article]
    'we're off to the races.' We heard that mantra last year and the year before that. I do think we need to see silver put in a decent rally before we hit the acquisition trail regarding silver or the producers.
    Jun 12 07:08 PM | 1 Like Like |Link to Comment
  • Will Import Taxes On Solar Panels Hamper Silver's Ability To Rally? [View article]
    What Im suggesting is that the reason the Chinese panels are selling so well is that they are cheaper than anyone else. The American made panels don't sell so well because of the high cost. With the Chinese price being brought up to the same price as other producers then there is no cheap option - so solar panels will come under more scrutiny which means the postponement of their installation in some cases.
    Jun 11 06:05 PM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    Steven,

    Always good to hear from you as we are both gold and silver bulls having to get through this bear phase on top of which we have the summer doldrums to contend with.

    I don't see much in the way of improvement just yet in the PM sector as you know, but Im hoping its not far away, until then I can only continue to work on it and be in full readiness for when our research tells us to pull the trigger.

    As we are just a small team we are aware that we can not cover everything, so our concentration is focused on this sector and so far we have managed to produce a short list which we will act on when the time comes. As with politics; a week can a long time in the life of a mining company so our list will be culled further until we are left with the cream - yip a big ask, but that's were we are.

    Have a good one.
    Jun 8 05:08 PM | Likes Like |Link to Comment
  • The Effect Of Monetary Policy On Gold Prices [View article]
    The U.S. nonfarm payrolls report showed an additional 217,000 jobs in May - maybe this has put a damper on gold as it looks like tapering will continue unabated.

    Take care
    Jun 6 06:51 PM | Likes Like |Link to Comment
  • The Effect Of Monetary Policy On Gold Prices [View article]
    The ECB cut its key lending rate, the refinancing rate, to 0.15% from 0.25% and slashed the deposit rate to negative 0.1% from 0% - I would have expected gold to get a real boost and have moved a lot higher than it has done - we'll see what next week brings.
    Jun 6 06:49 PM | Likes Like |Link to Comment
  • The Effect Of Monetary Policy On Gold Prices [View article]
    Thanks a million for this Doug its a considered reply and very informative.

    I'll look forward to seeing your bullish article sometime in the future - not saying I'll agree with it as I'm a bull stuck in a bear phase at the moment and just trying to make the best of it.

    Many moons ago when I was a lot younger I put my faith in the "professionals" and it cost me dearly, so everything we do now is based on our own research and analysis that we do, so there we go.

    Take care
    Jun 5 11:41 PM | Likes Like |Link to Comment
  • The Effect Of Monetary Policy On Gold Prices [View article]
    Doug Eberhardt,

    If all of those investors on your side line decided that the bull was back and they became buyers, if its not too imprudent, what would be the dollar amount be that would flow into gold - might give all of us a feel for this pent up demand.
    Jun 5 07:40 PM | Likes Like |Link to Comment
  • Gold, Silver And The Mining Sector: Prepare For A Severe Fall [View article]
    That's the task at hand; looking for that illusive bottom in order to buy at the lowest possible price.
    We have increased our cash pile by shorting some of these weaker stocks and are ready for when the rebound presents itself. Many of those who have averaged down have already lost half of their value so they will need a turnaround of 100% just to break even.
    Jun 5 04:41 PM | 1 Like Like |Link to Comment
  • The Effect Of Monetary Policy On Gold Prices [View article]
    tawse57,

    The Telegraphs' Ambrose Evans-Pritchard does an excellent job in our opinion, so thanks for the heads up.
    Jun 4 06:42 PM | 1 Like Like |Link to Comment
  • The Effect Of Monetary Policy On Gold Prices [View article]
    james.

    The Fed have pumped $4 trillion into the economy and gold has gone down, so I don't think that a minor move in inflation in the EU will have much of an impact.
    Jun 4 05:54 PM | 1 Like Like |Link to Comment
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