Martin Armstrong Again Warns On Gold [View article]
I'm not sure if you are misinterpreting Armstrong or if he is just very confused but without QE interest rates would rise. There is an inverse relationship between price and interest rates. If the Fed stops buying prices go down = rates go up. Pretty basic stuff. This article doesn't make sense.
All Crowded, Speculative Trades Unwind At Some Point [View article]
I'm no gold bug but this must be the least crowded "crowded trade" in history. What percentage of people do you know that own stocks and bonds? And PMs?
Wake me up when we get to 2% of the population owning gold and silver.
Pan American Silver (PAAS) says new regulations proposed in Argentina's Chubut province, where its Navidad mining project is located, would greatly increase royalties and impose economic participation by the province in all mining projects. "Without clear potential for positive economic returns, further investment and project expenditures cannot be justified." PAAS -3.1% premarket. [View news story]
I'm not sure this is even that bad for PAAS. Clearly, the Navidad production was never priced into the stock. Navidad was supposed to double their production but they only had a P/E of 6.
On the plus side, that is 20 million + ounces that won't be coming into the market every year. Silver prices should be going up on that news including the value of PAAS's remaining production.
Revett Is Developing The U.S.'s Largest Silver Mine [View article]
The bad news is RVM was beaten with a lead pipe today. The good news is I was able to double my position at $3.40 to average down to $3.73. I never thought I would be able to get this stock at this level but I guess I shouldn't be surprised. All of my silver miners are getting crushed to ridiculously low valuations.
Unless silver is going back to $10, these are the deals of a lifetime.
Gold And Silver Way Off Inflation-Adjusted Highs [View article]
What is the inflation adjusted high of GM stock? Don't know? Why not? Maybe because the "inflation adjusted high" is a ridiculous and meaningless metric. When people start using ridiculous metrics to justify their valuations I begin thinking "eyeballs" and "clicks". Although, those 2 metrics make a lot more sense than what gold did 30+ years ago. Gold may go higher but that has nothing to do with what happened in 1980.
No mention of Great Western? Not too surprising I guess since only about 10% of the articles on REEs mention them but it appears that they will be one of the first three in production outside of China.
The Trans Alaska Pipeline is under threat as oil production along Alaska's northern edge dwindles. The pipeline carries less than one-third the volume it once did, and the crude takes five times as long to get to its destination, increasing the risk of clogs, corrosion, ruptures and spills. There's one simple fix: add more oil, which would require drilling in new areas. [View news story]
Its Obama's responsibility to make sure that this poorly designed pipeline stays in business? Did no one really foresee that the North Slope would produce less oil someday? Really? Hubbard was 1956. The pipeline was built in 1977 which is 7 years after American oil production peaked.
Another classic bailout of short sighted corporate America by the government.
Stillwater: A Rare Precious Metals Stock Poised for Success [View article]
I'm not sure if the writer or SA chooses the titles but palladium, while rare, is not considered a Rare Earth Metal. That term is used to describe the 15 elements in the lanthanide family plus Scandium and Yttrium.
More Signs of a Top in the Rare Earth Stock Bubble [View article]
Ah, congrats for calling the major fall in REE companies against the larger trend of commodities rising. Oops. Nevermind.
Don't confuse a lucky guess influenced by an overall market pullback in all commodities with prescience.
As with the geniuses at Goldman who sold MCP for pennies on the dollar shortly before it IPO'd and became worth $6 billion, I suspect your self-congratulatory back patting will be short lived.
The Obama administration is considering a plan to tax drivers on the amount of miles they drive. The tax could be enforced by installing equipment in vehicles to track usage, and payments could be made at service stations. [View news story]
Not sure where you live but the gas tax is clearly not paying for the absolutely massive expenditures needed to maintain our aging infrastructure. Our highway system is over 50 years old and no one is willing to pay what it takes to maintain it. Bridges in major metropolitan areas collapse. Potholes cause billions of dollars of damage to vehicles every year. Gridlock causes billions of dollars in lost productivity every year.
If you want to live in a third world then move there. Don't turn the US into the third world but not paying for what you use. You want your McMansion in the suburbs then time to ante up. There is no free lunch. And you all can quit whining about invasion of privacy. 99% of the commenters here probably love the Patriot Act.
Goldman Sachs analysts predict a glut in rare earth supplies by 2013 as new mines open to take advantage of massive price increases. The bank's view is in direct contrast with rare earth producer Lynas (LYSCF.PK +6.9%) who says the world's major exporter (China) is on the verge of becoming a net importer. MCP -3.7%, AVL -7.0%. [View news story]
Goldman sold MCP (Market cap $6B) for $100 million a couple of years ago. I'm pretty sure they are the last people on earth that should be considered REE experts...
The Obama administration is considering a plan to tax drivers on the amount of miles they drive. The tax could be enforced by installing equipment in vehicles to track usage, and payments could be made at service stations. [View news story]
Why do the wacko right wingers insist that public transportation has to pay for itself but have a fit when the government proposes that roads pay for themselves?
Maybe its not a public transportation thing but just a screw the poor thing...
Rare Earth Prices Still Rising, Molycorp Is a Buy [View article]
No need to be so angry that you missed the huge bull run in REEs. There are still plenty of other opportunities out there to make money.
I'd start with GWG, a true mine to market company that will be producing before everyone except MCP and Lynas. And a market cap that is 1/20th the size of MCP, 1/3 of AVL, and half of REE's.
Great Western Minerals Group Valuation Is Not So Great [View article]
Does today's announcement that GWG will double production to 5000 tons per year have any effect on your investment thesis? I also notice that you seem to give a lot of weight to Strange Lake and Nechalacho although they won't be producing anything until after GWGs Hoidas Lake project, which you don't even mention or include in any valuations.
Also, why do LCM and GWT have no value? Its going to cost your favorite MCP $100s of millions of dollars to build something comparable.
Not saying you have an obvious desire to downplay GWG in favor of MCP but you certainly left a lot out...
Martin Armstrong Again Warns On Gold [View article]
All Crowded, Speculative Trades Unwind At Some Point [View article]
Wake me up when we get to 2% of the population owning gold and silver.
Pan American Silver (PAAS) says new regulations proposed in Argentina's Chubut province, where its Navidad mining project is located, would greatly increase royalties and impose economic participation by the province in all mining projects. "Without clear potential for positive economic returns, further investment and project expenditures cannot be justified." PAAS -3.1% premarket. [View news story]
On the plus side, that is 20 million + ounces that won't be coming into the market every year. Silver prices should be going up on that news including the value of PAAS's remaining production.
Revett Is Developing The U.S.'s Largest Silver Mine [View article]
Unless silver is going back to $10, these are the deals of a lifetime.
Gold And Silver Way Off Inflation-Adjusted Highs [View article]
Don't know?
Why not?
Maybe because the "inflation adjusted high" is a ridiculous and meaningless metric. When people start using ridiculous metrics to justify their valuations I begin thinking "eyeballs" and "clicks". Although, those 2 metrics make a lot more sense than what gold did 30+ years ago.
Gold may go higher but that has nothing to do with what happened in 1980.
The Bakken Update: Small Caps, Part VI [View article]
Rare Earths Perking Up [View article]
The Trans Alaska Pipeline is under threat as oil production along Alaska's northern edge dwindles. The pipeline carries less than one-third the volume it once did, and the crude takes five times as long to get to its destination, increasing the risk of clogs, corrosion, ruptures and spills. There's one simple fix: add more oil, which would require drilling in new areas. [View news story]
Another classic bailout of short sighted corporate America by the government.
Stillwater: A Rare Precious Metals Stock Poised for Success [View article]
More Signs of a Top in the Rare Earth Stock Bubble [View article]
Don't confuse a lucky guess influenced by an overall market pullback in all commodities with prescience.
As with the geniuses at Goldman who sold MCP for pennies on the dollar shortly before it IPO'd and became worth $6 billion, I suspect your self-congratulatory back patting will be short lived.
The Obama administration is considering a plan to tax drivers on the amount of miles they drive. The tax could be enforced by installing equipment in vehicles to track usage, and payments could be made at service stations. [View news story]
If you want to live in a third world then move there. Don't turn the US into the third world but not paying for what you use. You want your McMansion in the suburbs then time to ante up. There is no free lunch. And you all can quit whining about invasion of privacy. 99% of the commenters here probably love the Patriot Act.
Goldman Sachs analysts predict a glut in rare earth supplies by 2013 as new mines open to take advantage of massive price increases. The bank's view is in direct contrast with rare earth producer Lynas (LYSCF.PK +6.9%) who says the world's major exporter (China) is on the verge of becoming a net importer. MCP -3.7%, AVL -7.0%. [View news story]
The Obama administration is considering a plan to tax drivers on the amount of miles they drive. The tax could be enforced by installing equipment in vehicles to track usage, and payments could be made at service stations. [View news story]
Maybe its not a public transportation thing but just a screw the poor thing...
Rare Earth Prices Still Rising, Molycorp Is a Buy [View article]
I'd start with GWG, a true mine to market company that will be producing before everyone except MCP and Lynas. And a market cap that is 1/20th the size of MCP, 1/3 of AVL, and half of REE's.
Great Western Minerals Group Valuation Is Not So Great [View article]
Also, why do LCM and GWT have no value? Its going to cost your favorite MCP $100s of millions of dollars to build something comparable.
Not saying you have an obvious desire to downplay GWG in favor of MCP but you certainly left a lot out...