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More042984

More042984
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  • The Paradigm Shift Has Begun - This Isn't Going To Be Pretty [View article]
    Stuber, should your thesis come to fruition where do you hide? The Japanese Yen? Maybe gold? Or is the yen the only place? The euro perhaps? Also, do you feel that your event might happen after the second quarter is over? The markets tend to drift higher towards the end of quarters even though there are severe problems looming. Also, like my first comment. You wrote an excellent article. I was thinking a lot of what you wrote in my head. I see your scenario playing out. I also see an increase to QE in 2014 under a Yellen fed. A BIG increase at that. Thoughts on where to hide during this event. Is it the Yen which had a big bid today.
    Jun 11 08:58 PM | Likes Like |Link to Comment
  • The Paradigm Shift Has Begun - This Isn't Going To Be Pretty [View article]
    This was an excellent article. Thank you for your insight!
    Jun 11 08:48 PM | Likes Like |Link to Comment
  • Gold: Time To Short [View article]
    Can gold be a bubble if it still hasen't eclipsed the inflation adjusted high of 1980? Your chart says it all. Gold will end in bubble with prices higher than the previous highs of 1980. You don't understand gold. Also, with all other currencies do they produce cash flow now? If held under your mattress or even in a 1 year CD? No they do not. Buy gold under $1300. All day everyday!
    Jun 11 07:59 PM | 3 Likes Like |Link to Comment
  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    Join the Democratic Party. You're no tea party conservative if you endorse the Federal Reserve. The Fed counterfeits money (QE) distorts interest rates, which is the price of money, and simply has to much power, power that is not transparent. Yea, join the Democratic Party Pal.
    Jun 5 07:24 AM | 1 Like Like |Link to Comment
  • Miners Over Metal [View article]
    I'm a shareholder in multiple mining companies, and believe that they'll turn around and outperform the metal, but I take grievance with your article. No offense, but it's poorly written. Here's why.

    "Additionally, companies and experts are expecting new discoveries"

    Gold discoveries are none existant, in fact most discoveries are lacking in gold content. Less than 1 gram per ton. Also, because of tight credit markets for junior miners exploration is declining. Also, because of capital constraints the senior miners are cutting exploration budgets.

    "Since the companies are raking in profits and producing more gold, and the profits should continue as long as gold maintains a price north of $1,000."

    This is alarming, I believe you need to go over confrence calls to see that most miners have "all in sustaining cash cost" of between $1000-$1400. For example, IamGold has all in costs of close to $1400. The majors like ABX, GG, and NEM have all in costs of $1000-1100. Most mining companies margins/profits are being extremely squeezed with gold prices at $1420 silver as a byproduct at $23 and now copper as a by product heading south of $3. Your statement is way way off. Gold prices need to be north of $1600 for miners to maintain capital spending and dividends. Also, production among seniors is flat to declining.

    I was critical of your article and I hope you take my critism well as I believe you've missed certain items in your research. With that said I agree that mining shares are very depressed, and should gold return to a new high miners will initially outperform. Most will double in value. I own 700 shares of PAAS and 400 shares off GG recently purchased at a cost of $13 and $30 so I believe in miners. GDX could trade in the low 20s but I do believe we hit $50 before we go under $20.

    Apr 24 12:44 AM | 3 Likes Like |Link to Comment
  • Should You Avoid Buying Barrick Gold? [View article]
    Thank you Doug, very much appreciated. Good luck with your trading/investments.
    Apr 17 07:05 PM | Likes Like |Link to Comment
  • Should You Avoid Buying Barrick Gold? [View article]
    Doug,

    I would like to give you credit for your excellent call on ABX. You've been writing on SA for awhile about the problems this company has. I do hope you were short, and made a profit while doing so. I on the other hand purchased shares at $30 and $24 and $20 it comprises around 8% of my portfolio. I cannot add anymore unless I liquidate my dividend plays in the MLP sector. I own TLLP, NGLS, KMP. I have considered exiting TLLP as it has had a nice run. My question to you is do you believe ABX can honor their dividend of $.80 cents? Is there a cut coming, and could you give a range at where ABX is a buy? Say, 16-18. You have been spot on with ABX. Your comments would be appreciated. Also, I am interested in PAAS at 10-12 a share. Any thoughts? And again great call on ABX. I unfortunately am underwater, but will not sell in the red and into this market.
    Apr 17 06:38 AM | 1 Like Like |Link to Comment
  • Is $1200 Gold Possible? [View article]
    And if I had wings I could fly. Different world now. In 1980 the fed could raise interest rates. In todays world they can't. 5% interest on 17 trillion of debt is 850 billion, which would be 35% of tax revenue. That's only 5% interest rates. Sorry, but it's a different world. Also, the Fed will not raise rates and take losses of 3 trillion worth of paper. The feds balance sheet is huge. There is no exit from QE and there is no raising of interest rates for 3 more years, maybe 4? U should be buying gold, and not betting on 3d manufacturing and low nat gas prices fueling a new industrial revolution. Although, I believe we will have a great manufacturing boom, just not yet. This is golds time. U should buy.
    Mar 4 08:00 AM | 1 Like Like |Link to Comment
  • Is $1200 Gold Possible? [View article]
    Those costs are not real. You need to look at "all in sustaining cash costs" which are $1100 for most miners.
    Mar 4 07:51 AM | Likes Like |Link to Comment
  • Why I Just Bought NovaGold [View article]
    Gold will not go to $1000 anytime soon.
    Mar 4 07:35 AM | 1 Like Like |Link to Comment
  • What It Really Costs To Mine Gold: The Barrick Gold Edition [View article]
    You said mid 20s. So we are closing in on a buy soon? I feel Barrick Gold at $27 with a 2.96% yield is a good investment. Starting a position there, and then buying more after every -5% decline seems like a good thing to do. Maybe it's getting close for you to do a write up on a buy recommendation? Maybe, it's time for you to comment on every Barrick write up with an undervalued buy recommendation in the mid 20's? That seems appropriate, do you agree?
    Mar 1 01:19 AM | Likes Like |Link to Comment
  • What It Really Costs To Mine Gold: The Barrick Gold Edition [View article]
    That's for you doug?
    Feb 27 01:58 PM | Likes Like |Link to Comment
  • What It Really Costs To Mine Gold: The Barrick Gold Edition [View article]
    Thoughtful article, interesting, but I disagree with using write downs to price in the cost of production. That won't figure highly when it comes to pricing the shares of these companies 12-24 months out. Again, interesting read though.
    Feb 27 01:55 PM | Likes Like |Link to Comment
  • What It Really Costs To Mine Gold: The Barrick Gold Edition [View article]
    What's your 2013 price target? Where does it bottom/what price? When do you cover your short, if you are short? Real simple. Can you please answer these questions.
    Feb 27 01:42 PM | Likes Like |Link to Comment
  • Barrick Gold Shares Are Cheap And Worth Buying Now For A Rebound [View article]
    Douglas Johnston has not answered my question yet? What is a potential bottom price? When/if he has a short, when does he cover it? I feel unless he goes on record by answering this question his comments about Barrick Gold are disingenuous. Why the continues bashing? I believe the risk is to the upside at $25, and that with $1800 gold, Barrick trades $40-45 a share. At $30 a shares that is a 33-50% gain. I want to know isrice target on the downside? Doug, are you there sir? Cheers.
    Feb 26 10:26 PM | 2 Likes Like |Link to Comment
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38 Comments
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