The Bullish Case For Junior Gold Miner Claude Resources [View article]
Claude is going to rebound, just like the rest of the miners with value.
SVM is yielding an almost 4% dividend as a precious metals miner. This is unheard of for the silver miners.
I like claude but have to say Neill really screwed up when he didn't get the deal with GG when they were interested in the Madsen.
Neill is an investment banker, not a geologist.
I have to give them kudos for getting a better management team together with lots of experience in mining and focusing on increasing ounces mined and decreasing exploration costs.
S&P 500 Risk Matrix Indicator: What Is The Real Equity Risk? [View article]
Hi Joe, thanks for the clarification. I have tried to search for a concise difference between bottom/up and top/down earnings. Could you provide me with a short explanation of the difference if it is convenient?
The SEC reportedly is investigating Silvercorp Metals (SVM -9.2%) and has issued a subpoena requesting all documentation relating to the miner’s long-running battle with short sellers. SVM has denied any wrongdoing, but the subpoena, issued March 15, is the first indication U.S. securities regulators are actively investigating the Canadian company. [View news story]
The Globe and Mail is misrepresenting the whole thing. They claimed to have contacted a member at the SEC by the name of Tony Frouge.
I contacted the SEC's personnel directory and there is no Tony Frouge listed there.
I also checked the SEC's press releases and there is no subpoena issued by the SEC dated March 15 or any other day, investigating SVM.
The Globe and Mail is conflating an informal fact-finding mission and a formal subpoena. If you read their article they confuse the 2 and automatically label it a subpoena when there is no subpoena. It is damaging to longs and it is manipulative at worst and deceptive at best.
Globe and Mail has always written favorable articles for the shorts.
How does this happen the day silver is smashed to 8 month lows?
The Gold Miners were the absolute worst sector last year. And how have they fared year-to-date? They are still the worst performing sector.
I say this not to be a bear but as a contrarian investor, this presents us with a great opportunity. It is almost always the worst sectors that get a great rebound after what you have correctly said, "the great base period".
The longer the base, the stronger the move higher. Just like the recent Bitcoin action after the Cyprus event. It was in a great base period and I believe we could be on the incipient heels of this base ending.
I have not seen confirming evidence of a base in silver yet, as you correctly point out, it is still dripping.
I would like to see silver end April above $32 an ounce if we are going to exit this recent base from the beginning of 2012 to now.
I think we can get a repeat of April 2011's performance if we see oil hit the psychological $100 mark for WTI. Inflation fears will start to come home to roost at that point, sending both gold and silver higher on good technical and fundamental data.
If we stay too long in this base, there are going to be a ton of junior miners coming off the market and a ton of supply in gold disappearing from the market. This will be a catalyst for the next bull run in PMs.
The number of junior miners expected to shut down by June-July of this year is 600, according to geologists at the recent PDAC conference.
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
To add, their Qian Mei Duo brand is found in almost any retail store in Beijing as well such as the Wu Mei stores which are the equivalent of 7-elevens in the US.
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
Your absolutely wrong. I was in Beijing and actually went to the large retail stores and I found their drinks there. The HeDeTang brand was easily found.
What Does QE3 Mean For The Gold Price? [View article]
Yes, that is the only problem with the miners... they are the worst business to be in. A lot of people end up being right on gold but wrong on how to invest in them. As always, there is the risk-return element of investing in the miners.
If you saw SSRI take off from .30 to $30 a share you would have been amazed and amassed a fortune. That is why I suggest people invest at least a small percentage across some speculative miners that could really take if they are sitting on huge reserves. It is about reserves in mining, not earnings, as counter-intuitive as that sounds. That is why SSRI took off like a rocket. It was sitting on a massive reserve and then decided to drill it. SSRI went up more than 50 fold over a 9 year period. I didn't participate but I do think there will be miners that go up like SSRI did in a similar move higher once we reach "psychological" price levels.
If you are only into the Trusts and ETFs, it would be prudent to at least expose yourself 10-15% to miners.
Silvercorp Metals (SVM): FQ3 EPS of $0.09 misses by $0.01. Revenue of $58M (-5.1% Y/Y). Q3 silver production was 1.52M oz.; gold production was 5,676 oz. Shares +0.2% AH. (PR) [View news story]
MSN Money and Yahoo both had Consensus estimates at .08 EPS.
Silvercorp Takes Actions, Including A Share Buyback, To Counter Its Recent Decline [View article]
Good write up. Here is a short response I made at the height of the bear raid after the first 2 consecutive massive short days concluded and the price almost eclipsed the nadir of 4.00 a share:
"Bear Raid Officially Over" By: ich1baN
It appears that Jon Carnes made a strong attempt to manipulate SVM over the past couple weeks. However, the last 2 days were the strongest attempts at the bear raid before earnings are released in early February. After dropping more than 7.5% on Wednesday to 4.26 a share, SVM continued to drop another 6% soon after the bell on Thursday to 4.01 a share.
I called the bottom of the bear raid on SVM at 4.00 a share; in which I was 1 cent off. I knew this would be the eventual target of the shorts but they had to cover as a cumulative 13.5% drop in less than 2 trading days while there has not been any material news released on SVM is very difficult to sustain. There are numerous ways to describe how this bear raid is over. First and most importantly, the average volume in SVM the last 3 months is 1.2 million shares traded. The volume traded on Wednesday – SVM’s first big down day of over 5% in many months – was over 3 million shares. This is a more than 2 standard deviation move away from the average shares traded. The only way this bear raid could continue is if volume exceeded Wednesday’s 2 standard deviation move. It in fact attempted this in the first hour of trading. SVM lead the miners in being the first to drop below 6%, however as a leader of the pack, SVM was also the first to recover and get out of this manufactured bear raid. In essence the shorts just do not have enough ammunition to sustain a 3+ million share per day, 2 standard deviation move, to keep SVM falling on consecutive days more than 5%. The mere coordination points to the fact that this bear raid was manufactured by a few connected shorts. SVM ended Thursday with heavier than 3 month volume but less than the historic raid on Wednesday. This is the first signal the bear raid is over until earnings are released.
There are technical indicators that all point to an oversold position. One major technical indicator that can signal the end of a bear raid is the accumulation/distribution line. As of COB trading on Thursday, the indicator has made an uptrend line that diverges away from the falling price. This is confirmed on the 1 month and 3 month charts. Then there is the money flow index. Using a period of 14, the MFI shows we are at 20 (using a 0 to 100 range). 20 is the threshold indicator that a stock is oversold. The MFI and the A/D line can be used in conjunction to give confirmation of a bear raid ending.
In summary, the shorts know that the next earnings will either beat or meet estimates giving SVM a strong aura for the next 3 months - which is why they are covering before early FEB - all the while Silver is on the heels of the incipient bull swing higher. The fundamentals of silver moving higher are well noted as we are in the midst of one of the tightest silver markets we have seen in years. High demand from the Chinese New Year, US mint halting eagles and rationing forward sales, Canadian Maples raising premiums significantly, uninhibited and unsterilized QE, the debt ceiling and Silver’s historic month of strong price movements in April are all culminating amidst the biggest commodity super-cycle we have seen in the last 100 years. We will all look back at this bear raid and remember how short–lived it was and how unprepared the shorts really are for the impetuses that will move silver and SVM higher. In the end, it is wise to be long SVM.
Surprised you guys are negative on Kinross. This is the most undervalued gold company in the entire industry right now. KGCs cash cost per oz of gold is $715, it has 447M cash on hand, a NAV of $63 Billion, and proven and probable reserves of 62.4 M oz.
This is an opportune to really get some value for your devalued federal reserve notes. I recommend buying 1 tranche under $14 a share and add to that tranche on down days. I currently have 500 shares.
Surprised you guys are negative on Kinross. They are the most undervalued Gold company in the World in my opinion at a cost per ounce basis of $715, no debt, a mine asset value of $63 billion and proven and probable reserves of 62.4 million ounces of gold.
This company is a strong buy under 14$ a share. I recommend buying your first tranche and adding to it anytime the market is down.
The Bullish Case For Junior Gold Miner Claude Resources [View article]
SVM is yielding an almost 4% dividend as a precious metals miner. This is unheard of for the silver miners.
I like claude but have to say Neill really screwed up when he didn't get the deal with GG when they were interested in the Madsen.
Neill is an investment banker, not a geologist.
I have to give them kudos for getting a better management team together with lots of experience in mining and focusing on increasing ounces mined and decreasing exploration costs.
S&P 500 Risk Matrix Indicator: What Is The Real Equity Risk? [View article]
Thank you.
S&P 500 Risk Matrix Indicator: What Is The Real Equity Risk? [View article]
see:
http://bit.ly/YVshF3
http://bit.ly/133XSf3
Thanks.
S&P 500 Risk Matrix Indicator: What Is The Real Equity Risk? [View article]
The SEC reportedly is investigating Silvercorp Metals (SVM -9.2%) and has issued a subpoena requesting all documentation relating to the miner’s long-running battle with short sellers. SVM has denied any wrongdoing, but the subpoena, issued March 15, is the first indication U.S. securities regulators are actively investigating the Canadian company. [View news story]
I contacted the SEC's personnel directory and there is no Tony Frouge listed there.
I also checked the SEC's press releases and there is no subpoena issued by the SEC dated March 15 or any other day, investigating SVM.
The Globe and Mail is conflating an informal fact-finding mission and a formal subpoena. If you read their article they confuse the 2 and automatically label it a subpoena when there is no subpoena. It is damaging to longs and it is manipulative at worst and deceptive at best.
Globe and Mail has always written favorable articles for the shorts.
How does this happen the day silver is smashed to 8 month lows?
World's Top 6 Gold Producers: 4th Place, Kinross Gold [View article]
The Gold Miners were the absolute worst sector last year. And how have they fared year-to-date? They are still the worst performing sector.
I say this not to be a bear but as a contrarian investor, this presents us with a great opportunity. It is almost always the worst sectors that get a great rebound after what you have correctly said, "the great base period".
The longer the base, the stronger the move higher. Just like the recent Bitcoin action after the Cyprus event. It was in a great base period and I believe we could be on the incipient heels of this base ending.
I have not seen confirming evidence of a base in silver yet, as you correctly point out, it is still dripping.
I would like to see silver end April above $32 an ounce if we are going to exit this recent base from the beginning of 2012 to now.
I think we can get a repeat of April 2011's performance if we see oil hit the psychological $100 mark for WTI. Inflation fears will start to come home to roost at that point, sending both gold and silver higher on good technical and fundamental data.
If we stay too long in this base, there are going to be a ton of junior miners coming off the market and a ton of supply in gold disappearing from the market. This will be a catalyst for the next bull run in PMs.
The number of junior miners expected to shut down by June-July of this year is 600, according to geologists at the recent PDAC conference.
Tianyin Pharma: China's First Pfizer? [View instapost]
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
SkyPeople Fruit Juice An Undervalued Healthy Growth Stock [View article]
It's Almost Game Over For Dover Downs Gaming & Entertainment [View article]
http://delonline.us/X0...
What Does QE3 Mean For The Gold Price? [View article]
If you saw SSRI take off from .30 to $30 a share you would have been amazed and amassed a fortune. That is why I suggest people invest at least a small percentage across some speculative miners that could really take if they are sitting on huge reserves. It is about reserves in mining, not earnings, as counter-intuitive as that sounds. That is why SSRI took off like a rocket. It was sitting on a massive reserve and then decided to drill it. SSRI went up more than 50 fold over a 9 year period. I didn't participate but I do think there will be miners that go up like SSRI did in a similar move higher once we reach "psychological" price levels.
If you are only into the Trusts and ETFs, it would be prudent to at least expose yourself 10-15% to miners.
Silvercorp Metals (SVM): FQ3 EPS of $0.09 misses by $0.01. Revenue of $58M (-5.1% Y/Y). Q3 silver production was 1.52M oz.; gold production was 5,676 oz. Shares +0.2% AH. (PR) [View news story]
It appears SVM beat EPS Estimates by 1 cent.
Silvercorp Takes Actions, Including A Share Buyback, To Counter Its Recent Decline [View article]
"Bear Raid Officially Over"
By: ich1baN
It appears that Jon Carnes made a strong attempt to manipulate SVM over the past couple weeks. However, the last 2 days were the strongest attempts at the bear raid before earnings are released in early February. After dropping more than 7.5% on Wednesday to 4.26 a share, SVM continued to drop another 6% soon after the bell on Thursday to 4.01 a share.
I called the bottom of the bear raid on SVM at 4.00 a share; in which I was 1 cent off. I knew this would be the eventual target of the shorts but they had to cover as a cumulative 13.5% drop in less than 2 trading days while there has not been any material news released on SVM is very difficult to sustain.
There are numerous ways to describe how this bear raid is over. First and most importantly, the average volume in SVM the last 3 months is 1.2 million shares traded. The volume traded on Wednesday – SVM’s first big down day of over 5% in many months – was over 3 million shares. This is a more than 2 standard deviation move away from the average shares traded. The only way this bear raid could continue is if volume exceeded Wednesday’s 2 standard deviation move. It in fact attempted this in the first hour of trading. SVM lead the miners in being the first to drop below 6%, however as a leader of the pack, SVM was also the first to recover and get out of this manufactured bear raid. In essence the shorts just do not have enough ammunition to sustain a 3+ million share per day, 2 standard deviation move, to keep SVM falling on consecutive days more than 5%.
The mere coordination points to the fact that this bear raid was manufactured by a few connected shorts. SVM ended Thursday with heavier than 3 month volume but less than the historic raid on Wednesday. This is the first signal the bear raid is over until earnings are released.
There are technical indicators that all point to an oversold position. One major technical indicator that can signal the end of a bear raid is the accumulation/distribution line. As of COB trading on Thursday, the indicator has made an uptrend line that diverges away from the falling price. This is confirmed on the 1 month and 3 month charts. Then there is the money flow index. Using a period of 14, the MFI shows we are at 20 (using a 0 to 100 range). 20 is the threshold indicator that a stock is oversold. The MFI and the A/D line can be used in conjunction to give confirmation of a bear raid ending.
In summary, the shorts know that the next earnings will either beat or meet estimates giving SVM a strong aura for the next 3 months - which is why they are covering before early FEB - all the while Silver is on the heels of the incipient bull swing higher. The fundamentals of silver moving higher are well noted as we are in the midst of one of the tightest silver markets we have seen in years. High demand from the Chinese New Year, US mint halting eagles and rationing forward sales, Canadian Maples raising premiums significantly, uninhibited and unsterilized QE, the debt ceiling and Silver’s historic month of strong price movements in April are all culminating amidst the biggest commodity super-cycle we have seen in the last 100 years. We will all look back at this bear raid and remember how short–lived it was and how unprepared the shorts really are for the impetuses that will move silver and SVM higher. In the end, it is wise to be long SVM.
Disclosure:
I am long SVM.
Who's Going To Acquire Kinross? [View article]
This is an opportune to really get some value for your devalued federal reserve notes. I recommend buying 1 tranche under $14 a share and add to that tranche on down days. I currently have 500 shares.
Who's Going To Acquire Kinross? [View article]
This company is a strong buy under 14$ a share. I recommend buying your first tranche and adding to it anytime the market is down.