Western Goldfields Inc. (WGW)
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WGW Forum Topics
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- General Discussion on WGW
- Wellington West Analyst: Low Cost Gold Producers Rate High [view article]
- No Renewed Bull Phase for Metals Miners Just Yet [view article]
- RBC: Sell Gold Positions Now; Buy During Summer [view article]
- Under The Radar News - Thursday [view article]
- Western Goldfields to Profit from Rising Yellow Metal Prices [view article]
loading ...Recent WGW Articles
- Wellington West Analyst: Low Cost Gold Producers Rate High
- No Renewed Bull Phase for Metals Miners Just Yet
- Why Are Junior Gold Miners Underperforming?
- Under The Radar News - Thursday
- RBC: Sell Gold Positions Now; Buy During Summer
- Western Goldfields to Profit from Rising Yellow Metal Prices
- Full List of Articles »
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Wellington West Analyst: Low Cost Gold Producers Rate High [view article]
Buy Colorado Gold Fields for junk change. Sitting on couple of gold mines and a mill. CGFI best play around for pennies. Load up now before the reports come back. ReplyWellington West Analyst: Low Cost Gold Producers Rate High [view article]
Great buy at these prices. Yamana is a low cost gold producer. If I had the money I would buy it hear. ReplyNo Renewed Bull Phase for Metals Miners Just Yet [view article]
Yes, dollar is back on track and on the way up! Once John McCain officially wins presidential election in the USA the dollar will regain lost ground. Alaska Vice Presidential nominee Palin will make sure gas-petrol pipeline in built in their term. The USA will be back on track economically while AXJ and European economies get over recession. ReplyNo Renewed Bull Phase for Metals Miners Just Yet [view article]
What is the outlook for AEM in Canada? Why such a big DROP? Anything brewing with TCK- Tech Comico?I am LONG with GG :Goldcorp, BHP, CCJ:Cameco, ABX:Barrick and GMO .
It appears a re industrialization is arriving with new power generation of all types, growing economies everywhere and a suspicion of paper currency.
This should be BULLISH for metal commodities and industrial producers of heat exchangers and condensors. Any companies in mind as investments?
Diego Reply
No Renewed Bull Phase for Metals Miners Just Yet [view article]
The total hedge book on gold producers is the lowest it's been in 20 years. Obviously the producers think the metal is inexpensive relative to the CRIMEX price. ABX is estimated to have 9 million oz foward hedged at around $400 which they have taken of their books and added to their oz's in the gound. ABX is either going to have to go long and close these for a loss soon or pull some type of Enron... ReplyNo Renewed Bull Phase for Metals Miners Just Yet [view article]
Well, well, gold is over 835 and crude is over 121. Another swing and a miss, Bill.The forward hedge book is smaller than it has been in a decade. ABX still has a sizeable hedge, but most have reduced or eliminated their hedges altogether. Companies like AUY hedge their base metal production and leave their gold fully unhedged. Reply
Altendorf
No Renewed Bull Phase for Metals Miners Just Yet [view article]
I would like to know what the gold miners' forward hedge book looks like. ReplyNo Renewed Bull Phase for Metals Miners Just Yet [view article]
The dollar index is 70% euros and yen. The rest are background noise. It's running into considerable resistance. It was not helped by the fact that FNM and FRE were shredded today. Crude is back to 116. Gold is 40 bucks off the low of last week. ReplyNo Renewed Bull Phase for Metals Miners Just Yet [view article]
Bill~I'll see if I can dig up some documents I saved from Stephen Jen in 2004 (I used to work there). He essentially said the bear market in the U$D was over. You won't find this online... It's burried back with the guys who said crude oil had an "Iraq War Premium" when it fell back to the $20's in March of 2003. Remember, MS and other institutions underwrite and sell bonds. I don't think anyone needs to be a rocket scientist to see there is no shortage of debt coming on to the market (the bubble as the market cap for derivatives exceeds 550 trillion and the US Bond market is estimated to be twice the size of the equity market). The "slowing economy" spin is good for the bond salesmen. I agree with USA, Inc being a sick company but there are other parts of the world which are growing economically.
There are very few quality gold deposits coming online. Much the same for copper or silver. Listen to the CEO of FCX... Here in the USA we've got plenty of guys in suits selling mortages and annuities and very little geologists or engineers in the world of making "things" so the confusion of this matter is understandable. It's also significant to note how many americans trust the information portrayed to them my Wall Street and the major media. The Wall Street Journal removed all their long term charts on the "Money & Investing" page... A picture of the U$D going down and commodities going up might help draw some different conclusions:
1. If the U$D goes down... what is it decreasing relative to? Answer: The .USDX is over 50% the Euro and 5 other currencies so the .USDX might not be the best indicator. I would think the best indicator would be the physical bullion market (which is very small at this point but will sometime grow to be the market like 1980).
Short term guess... I think we might all have the Amero in 2012. WHat would get us there? A U$D crisis...
www.youtube.com/watch?...
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No Renewed Bull Phase for Metals Miners Just Yet [view article]
Old news and it has happened before. US suspended gold eagle sales for the rest of the year and cut way back on the silver eagle program. May not mean much. Still can not see buying into a PE of 40 or there abouts with low EPS and such. But there are some companies out there worth their salt (silver and gold). And Energy well it will always be needed and it will always be available but at what price. I hear a double bottom, I hear inverted head and shoulders. I also hear that the banks are really screwed but not as much as we since they going to save them on our backs. Consolidation point...well check them out and buy the good and wait. I am an investment person and not a trader.....so when down I buy and I do think gold and silver are in a place one can make some money down the road. Hell it is August and what is August for most years. Time to buy ReplyNo Renewed Bull Phase for Metals Miners Just Yet [view article]
Dear Bill, the Gold and silver markets are absolutely manipulated. I know you dismiss it and don't wat to hear and talk about it - but they are, plain to see for evberyone who cares to really look at them. Surprisingly, for all your talk about the manipulative practices of the HB&B you go out of your way to dismiss the same manipulation in the much smaller, much tighter controled by the HB&B and hence much easier to manipulate precious metals markets. gop figure, something doesn't add up here.
@Georealist: I disagree with a couple of Mark's points but, he does some really thorough research and some of his observations are spot on. You, on the other hand, argue with bias and opinion, but very light on facts. The comes futures markets have almost ZERO relationship with real physical demand for gold, silver and palladium. Any major bullion bank can hammer and lift prices there at will - even more so if they compine theiur efforts, what they very often do.
or are you to tell me that all of a sudden, one August afternoon real demand for gold and silver fell so sharply to warrant a 30% haircut in prices? LOL!
btw, real silver dealers report very long delays in delivery, the us mint has suspended to issue silver coins(!!) the perth mint has hude tzime lags delivering silver to clients that supposedly had all been stored already - go figure. Reply
No Renewed Bull Phase for Metals Miners Just Yet [view article]
I have heard that both IAMGOLD (IAG) and Aurelian Resources (AUREF) (gold mining companies) are extremely good companies that have little debt, good gold mining projects, and alot of capital in the bank. Even though they have gone down the past few weeks, they are beginning to go up again and will reach extremely big highs in the next few months. ReplyNo Renewed Bull Phase for Metals Miners Just Yet [view article]
Of course Mark Anthony is incorrect as usual. Physical platinum has been falling because of sever restructuring of PGM expected use industrially. Platinum and palladium are still overwhelmingly not investment of jewelry driven markets.IF...supplies were tight and demand was level we wouldNOT have seen a 43% drop in palladium and a like drop in Platinum.
Why Mr. Anthony has a website is beyond me...his Alpha articles are scattered and largely incomprehensible..and he doesn't seem to understand metal market basics.
I'd also argue with Mr. Cara that what we are seeing could even remotely be seen as a dollar bull. It's...if anything..a response to Euro slamming..the US dollar will get over this short lived reflexive move up soon..and resume it's very long forward looking slide. Uranium..silver (especially) and palladium have great upside potential after a very brief levelling period...October/Nov sounds about right. Reply
ing
No Renewed Bull Phase for Metals Miners Just Yet [view article]
ETF Securities said on Monday the amount of platinum it holds to back its Physical Platinum PHPT.L exchange-traded commodity fell 30 percent in the week to Aug 17. The ETC is now backed by 218,165 ounces of metal, its lowest point since February 5 and some 46 percent below the all-time high of 407,000 ounces it hit in early July.In consequense someone is buying the physical thing and those poor
PHPT.L holders are getting a useless piece of paper. No wonder all these ETFs are dying, the metal is going somewhere else...
Reply
No Renewed Bull Phase for Metals Miners Just Yet [view article]
The dollar rally is the result of a large short position unwinding. The sharp correction in some commodities is likewise a technical event. It is logically incorrect to extrapolate the short term unwinding of trades into a dollar "bull" market.The dollar is attached firmly to the continued crap out in the financial sector. FNM and FRE are headed for government takeover and their shares will go to zero. Will LEH fail? WM? When the FDIC needs more money, what will the effect be on the dollar?
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