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  • Gold Rallies But Remains Weak And Is Primed For New Lows Into Spring  [View article]
    I'd say they are coming back to Earth... from absolute decimation over the past 4 years.
    Feb 8, 2016. 10:26 AM | Likes Like |Link to Comment
  • 40% Downside In Agnico Eagle Over The Next 3-6 Months  [View article]
    Ben, you are missing the next line, which is debt repayment. It looks like all they have done is roll over some debt. They are required to show it separately though (ie. repayments and new borrowings). If you look at the balance sheet, in the last 9 months they have increased their cash position and decreased their net debt, not bad in this environment.
    Feb 3, 2016. 09:33 AM | 3 Likes Like |Link to Comment
  • Atlanta Fed model ups outlook for Q4 GDP growth  [View news story]
    That has to be a mistake. If you look at the details in report, December home sales only boosted GDP forecast to 0.9%. This morning's durable goods pushed it up to 1%. Can't see how that's possible. Waiting for a retraction/correction
    Jan 28, 2016. 11:25 AM | Likes Like |Link to Comment
  • Gold Weekly: How To Play The FOMC Meeting  [View article]
    Where do you see a sharp fall in US real interest rates? Real rates, according to Daily Treasury Real Yield Curve Rates (http://www.treasury.gov) have not changed significantly. We have seen a fall in treasury yields but that has been accompanied by a fall in inflation expectations, leaving real yields mostly unchanged.
    Jan 27, 2016. 11:18 AM | Likes Like |Link to Comment
  • Gold Rallies But Remains Weak And Is Primed For New Lows Into Spring  [View article]
    "All those chomping at the bit waiting for the all in signal to buy gold under $1000 is such a clear indication of how far it has to fall yet."

    Or... it's an indication that the price won't make it below $1,000 and all those "chomping at the bit" will be left in the dust (no pun intended) waiting for a drop that never happens. Are you sure you have your contrarian signals straight?
    Jan 26, 2016. 06:28 PM | 1 Like Like |Link to Comment
  • Revisiting Dundee Precious Metals After Its 40% Drop: Q4 Should Be Better  [View article]
    Possibly Goldcorp. Their CEO recently mentioned being interested in Eastern Europe - here's the quote:

    “If there’s anybody who’s positioned to take on a little more political risk, it’s Goldcorp, given its premium market cap relative to our competitors,” Garofalo, 50, said on Monday. “There are some jurisdictions within Africa that might make some sense and Europe, Eastern Europe in particular.”
    Jan 13, 2016. 10:29 AM | Likes Like |Link to Comment
  • Revisiting Dundee Precious Metals After Its 40% Drop: Q4 Should Be Better  [View article]
    Trading at just under 0.2 x BV at the moment.
    Dec 22, 2015. 11:27 AM | Likes Like |Link to Comment
  • Gold returns to multi-year lows after Fed hike  [View news story]
    Gold fell with everything else when housing bubble pricked but it was very strong prior to that, outperforming equities 2003 - 2007. That is a stark difference from today, where gold has dramatically under-performed equities, so I'm not sure you can draw parallels to what gold will do if equity market collapses now.
    Dec 18, 2015. 10:04 AM | Likes Like |Link to Comment
  • Sabina Gold And Silver Is Rocketing Higher  [View article]
    I agree, Sabina is the best way to play Back River. However Dundee's debt to equity is only 20%, which is not excessive and that hasn't changed much over the past year so not sure it explains the tanking stock. Their cash flow is still positive and a lot of that capex is discretionary so they are not under the gun yet.
    Having said that, you're right, the Sabina stake is not significant enough to drive Dundee's share price. I guess I saw it as an under-appreciated bonus for an already depressed share price.
    Dec 16, 2015. 11:40 AM | Likes Like |Link to Comment
  • Sabina Gold And Silver Is Rocketing Higher  [View article]
    Thanks for that very thorough review of Sabina and the Back River project.
    Just wanted to mention an alternative way to play this project. Dundee Precious Metals, a producing gold and copper miner with two operating mines, a smelter and several development projects in the pipe, also owns 23.5M shares (12.1%) of Sabina + 5M warrants. They are currently cash flow and earnings positive yet trade at 1/4 book value and have been particularly hard hit recently, even compared to other miners (no doubt due to recent and expected downside in copper). I own some shares of both companies.
    Dec 15, 2015. 03:04 PM | 1 Like Like |Link to Comment
  • A Message For Those Looking To Pick A Bottom In Gold  [View article]
    Agreed, changing your mind is not a bad thing. All the more reason to leave a little room for being wrong in your analysis. "A sustained rally in gold and a new bull market is about as likely at this point as Janet Yellen retiring from the Fed and Bernie Madoff being selected as her successor"?? Really??

    That's akin to "Gold is the closest asset to a sure thing that exists today, and its price is nowhere near the top".

    As for having better things to do with my time, I find value in reading old news & opinions, as recommended by Robert Shiller. It helps me keep things in perspective.
    Dec 8, 2015. 02:18 PM | 1 Like Like |Link to Comment
  • A Message For Those Looking To Pick A Bottom In Gold  [View article]
    Just wondering if this is the same Andy Hecht that was pounding the table as a gold bull back in 2011 and penned "450 reasons gold prices will continue to Rise"... including the conclusion that "Gold is the closest asset to a sure thing that exists today, and its price is nowhere near the top." But hey, the market price is always the right price.
    Dec 8, 2015. 01:25 PM | 3 Likes Like |Link to Comment
  • Best session for gold in two months  [View news story]
    Friday's move could easily be another dead cat bounce. That has certainly been the MO of this market lately. However I recall that through 2012/2013 many pundits correctly pointed out that when gold failed to move up on events that "should have" pushed it higher (Cyprus, Greece, Syria, etc.) that was a sign that the market was broken and bearish for gold. Friday we saw gold move higher on news that "should have" sent it lower (strong jobs, less accommodative Euro central bank, weaker oil price). I don't know if this is the turning point but I would guess when it does turn, this is what it looks like.
    Dec 6, 2015. 11:38 AM | 1 Like Like |Link to Comment
  • Klondex Mines: It's Time To Buy This Profitable Gold Producer  [View article]
    Ask and yee shall recieve:

    http://yhoo.it/1YKHMQl
    Dec 3, 2015. 09:55 AM | Likes Like |Link to Comment
  • Revisiting Dundee Precious Metals After Its 40% Drop: Q4 Should Be Better  [View article]
    Somewhat mitigating the copper hedges, Euro hedges, which are currently underwater, will fall off next year as well.

    On another note, I see their VP Exploration Richard Gosse bought 16k shares recently at prices from CAD1.53 - 1.64. And GMT Capital bought an additional 70k shares at USD1.00.
    Dec 1, 2015. 09:50 AM | Likes Like |Link to Comment
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