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  • MiningWEALTH Weekly Update #8: Record High Brazilian Gold Price Creates Hidden Opportunities [View article]
    Buying into gold using BRL would hold merit only if one is going to use it in Brazil. If one wants to take it out or use it outside the country via conversion into USD/GBP etc., its ascent in BRL terms is neutralized.
    Besides, everything in such economies that have seen very high local currency devaluation is nominally priced in local currency but directly linked to the USD. If USD appreciates by say 5% tomorrow, the price of almost all goods (even those not in any way connected directly to the USD such as local vegetables) goes up by 5% in BRL, negating the superior value of USD. I see it happening in many countries...
    Nov 25, 2015. 11:50 AM | Likes Like |Link to Comment
  • Gold Miners' Strong Q3 Operating Results Defy Universal Bearishness [View article]
    There are many other analysts who do not quite agree that $900 is the AISC. However, if what the author says is correct gold miners are raking in more than 20% profits in such a deflationary market. Given demand/supply and global situation and gold price, gold miners are doing just fine. Whatever for are so many writers claiming gold price is being manipulated and suppressed?
    Nov 21, 2015. 01:42 AM | Likes Like |Link to Comment
  • The Time To Hedge Is Now! November 2015 Update [View article]
    Hello, Mark! Been following your work since the K2 days and you certainly seem to have mastered the fine art of shorting! My sincere compliments for doing so well!
    Nov 19, 2015. 10:45 AM | 1 Like Like |Link to Comment
  • Gold Stocks' Fundamentally-Absurd Levels Portend Big Mean Reversion Higher [View article]
    Hello, Germillier!

    Let's assume what you say is correct. If that be so, and if we extend your logic further, gold is not underpriced, under valued, manipulated lower, etc. It is priced fairly - based on supply and demand. If you are correct, we all should agree with this conclusion.

    Equally, gold is not strictly a commodity, it is money in a different form. There are people and nations who will 'pay' a lot more than $1100 (or get rid of worthless paper currency, depending on how one looks at it) to own gold. Price may vary depending on the psyche`of various peoples globally and their perception of gold's real value.

    If miners decide to sell gold at say $1300 tomorrow will India and China stop buying or drastically reduce purchases? What stops miners collectively from increasing gold price unilaterally? (Maybe it will still sell like hot cakes?) What stops miners from negotiating and selling directly to buying nations to secure a better price? Such-like are the questions that come to my mind and I wish to understand.
    Has that price discovery been made? Is gold being sold at its optimal price/value? That was/is my essential question.
    Thanks and the best!
    Nov 16, 2015. 08:28 AM | Likes Like |Link to Comment
  • Will The New Indications For Harvoni Increase Gilead Sciences' U.S. Sales? [View article]
    GILD & GLD stock prices and followers have a lot in common!
    Nov 16, 2015. 07:59 AM | 3 Likes Like |Link to Comment
  • Income Investors - Google Offers 2 Attractive Alternative Income Streams [View article]
    BIH Murdoch:
    Nice thinking, nice style!

    Not very clued up on Options but wouldn't a vertical or calendar/whatever improve ROI and limit risk rather than a buy/write strategy incase the market plunges?
    Nov 16, 2015. 06:44 AM | 3 Likes Like |Link to Comment
  • French warplanes strike Islamic State targets in Syria [View news story]
    Your various comments incline me to the consider that you are either outright a hypocrite or have totally twisted morals or are mentally deficient or have absolutely no idea of world real politik. Maybe a bit of all?

    Quoting you - 'You are worse than ISIS if you try to profit from this. 'Americans don't exploit people's pain for personal gain.'
    US - and many EU economies - thrive on global unrest and war, courtesy the politico-military nexus. USA is one of the biggest global gun runners. (The American armament industry holds unbelievable clout and influences US foreign policy. It has since circa 1914.)

    From where do most countries get their weapons and military hardware (especially in middle east) to fight and kill each other with impunity? Who sells it to them? Some of the richest men in USA and Germany made good during the two WWs.

    Why do France and US not bomb Saudia which is closest to ISIS way of shared social values and way of life based on shariat? (US/Western economies would collapse without cheap Saudi oil.)
    Why not neutralise Iran? (Because Iran has serious potential to retaliate.)

    France is a country that didn't have the guts to defend itself in both WWs but has the 'elan' to illegally enter poor, defenceless foreign countries (Syria, Libya, etc) and bomb and kill its innocent people. In the name of democracy and humanity?! Really? Nothing to do with oil and gas?

    Quote: 'Americans don't exploit people's pain for personal gain.'
    You astonish me! Have you any idea how many US companies are pillaging the natural resources, razing forests, depleting bio diversity of Amazon, Africa and SE Asia and consequently impoverishing local peoples in their quest to make millions?

    Quote: 'My grandfather was personally thanked for liberating France by a young man when I was with him. Yes it's un American. We are the reason France exists.'
    For your info, there are atleast half a dozen other countries that meaningfully contributed to the survival of France. USA entered the war for national economic and financial reasons, nothing to do with saving France. USA built itself on the post WW2 ruins of Europe, Japan and China to become the superpower it is today. All its policies today are directed to ensure continued supremacy of the USD.

    As for your grandfather getting thanked, lucky him to be in a position to be thanked. Half a battalion worth of my Regiment (I'm ex a Royal Rifle Regiment) lies buried on French soil in 1914-15. Compensation - 2 VCs + sundry other decorations and half a dozen battle honours. (The only foreign - non European - soldiers to have a war memorial on French soil.) Neither your grandfather's nor my Regt's sacrifices are relevant to the present situation or to this forum which is to do with exploring investment opportunities.

    Quote: '$6.12 for a pack of newports. It's not against the law to purchase Reynolds stock...'
    Tobacco kills more people globally than war annually. And costs the common man / tax payer huge sums by way of state sponsored medical expenses to treat tobacco consumption related morbidity. Sure, go ahead and buy cigarettes not tanks, make money on tobacco, not guns. Your moral approach astounds me.

    One could go on but I hope you get the picture; suggest you approach this note as well as other comments contradicting you objectively and dispassionately to grasp reality.
    Do educate yourself on all the nuances and to what extent USA/EU are responsible for the mess that is ME before making holier than thou comments and 'reporting' other people. Like a sanctimonious snitch in school?

    Now, dutifully report is post as well, there's a good boy!
    Nov 16, 2015. 12:28 AM | 4 Likes Like |Link to Comment
  • High Dividend Stock Yields 13%, Had Record Revenues, And Raised Guidance Again [View article]
    Thank you for this write up; as always you offer interesting inputs!
    Your cash covered Puts table seems to indicate that holding a cash secured Put entitles one to the dividend. Can you clarify please?
    Nov 14, 2015. 11:30 PM | Likes Like |Link to Comment
  • Market Impact Monday From Paris [View instapost]
    One cannot deny the essential truth noted by Scarmott. Not to forget 'adventurism' in Libya and the ongoing charade in Syria.

    Paris is very unfortunate of course but maybe the French should consider the morality and legality of their forces entering and bombing Syria on matters that are purely internal to Syria. US duplicity and NATO are 100% responsible for the mess stretching from Afghanistan across Iraq and into Syria. Like bullies NATO flexes its muscles against poor, defenceless 100lb weaklings - Iraq, Libya, Syria, Cuba, Venezuela, etc. But chicken out when it comes to Iran, China or Russia.

    Politicians should do well to remember Newton's laws: To every action there is an equal and opposite reaction. If one can't take the heat better to stay out of the kitchen.

    Since this is not a political forum I'll leave it at that.
    Without prejudice; no offence to anyone's feelings is intended. It is merely the truth.

    Om Mani Padma Aum.
    Nov 14, 2015. 12:59 PM | 3 Likes Like |Link to Comment
  • Gold Stocks' Fundamentally-Absurd Levels Portend Big Mean Reversion Higher [View article]
    To: The author -
    Hello Adam!
    Last 4 yrs I read you expressing essentially the same thing as gold came down from 1800 levels to current 1100. A lot of us followers read you avidly but 4 yrs of the same thing with reality telling us a different story drags on credulity and credibility. Do you not have anything new or pertinent and useful to add? If not, here are a few questions, kindly do address them being the gold expert many amongst us think you are!

    1. What stops gold miners from taking a collective leaf from the OPEC and declaring tomorrow that 'gold henceforth will sell for $1600 and who cares about London fixes?'

    2. What stops miners from following bio-tech/pharma and jacking gold price up say by 5x on a take it or leave it basis? And see what happens to real physical demand?

    3. What stops gold miners from directly approaching the main buyers of physical gold (India/China/Russia/Tu... etc.), with a view to secure better prices and secure long term direct deals and do away with sundry middlemen?

    4. If - as you say here - even at current prices ($1100) many gold miners are making a $200/oz profit, and if gold supply continues to outstrip demand is there any concrete reason for gold prices to climb - inspite of your constant urging?

    5. Have you studied the impact of gold price on gold demand in last 4 yrs? If yes, may we know -
    [a] Did China/India/et al buy significantly less gold when priced $1500-1800 range and are now buying a whole lot more at 1100?
    [b] How was total investment in physical PMs by gold buying countries affected by higher gold/silver prices in 2011-12?

    Suggested you approach para 5 above from the perspective of an oriental buyer of physical gold, not an occidental purveyor of paper gold.

    Thanks in advance for educating us in a meaningful way!
    The best to you.
    Nov 14, 2015. 04:18 AM | 5 Likes Like |Link to Comment
  • The Sell-Off In Primero Mining Looks Overdone [View article]
    Sundry bullish calls over last 3 years now sees the formidable gold bulls tottering with several shafts deep into their financial shoulder blades, thanks to 'buy the dips' advice (all red flags, maybe like this one?), whilst the toreros (Fed, CBs, London fixers) cheered on by the Equity market carvot to Espana Cani...

    Sure, you cry wolf every evening, one fine autumn evening you may be finally be able to gloat - 'See? I was right!' Point is - is it that evening?

    One needs to understand - what are the probabilities of buying P at a lower price point? Would be nice if this aspect were covered by the gold experts here on SA.
    Nov 13, 2015. 12:07 AM | 1 Like Like |Link to Comment
  • Silver's Sharp Selloff [View article]
    Quoting an earlier commentator: "insurance policy against what? silver is down 70% last 4y....
    it goes down on down markets ,down on upmarkets
    it's a total disaster... period."

    Gold and silver are not for people with trader-like mentality or inadequate understanding of human history of money. Nor for people who think the world is flat and comprises only USA and the US$.

    Suggest people who do not understand PMs check prices in EUR or AUD, RUR, etc. Most peoples globally who held silver rather than their own currency in last 2 yrs have benefited significantly - retaining better purchase value even as silver price plummeted. EUR lost about 30% against USD in last 2 years and silver only 12% against the Euro. Likewise, Aussies lost almost 35-40% against USD but only 10% if holding silver. As for RUR... silver has shot up 50% in value!

    Today (if one is to believe Media) Venezuela is almost broke. Venezuela owns tons of oil and gold. So let me ask gold skeptics here - which of these two commodities do international bankers and govts want in exchange for aid? No cigars for the right answer! (Hint: Not oil and not AMZN shares either.) Yep, they want a piece of Venezuelan 'disaster'. Period.
    Nov 12, 2015. 01:52 PM | 6 Likes Like |Link to Comment
  • Substantial Upside In Primero Mining [View article]
    Thanks for the inputs. Been wanting to enter last couple of years but always thought it too expensive. Taking a 3 to 5 yr investment window, how would you rate Klondex KLDX, Alamos Gold AGI, Pretium PVG and Avino ASM in comparison to PPP? Also wondering what will happen to mining costs if oil begins to clamber in coming yrs. No one seems to be giving that a thought.Thanks!
    Nov 10, 2015. 02:08 PM | 1 Like Like |Link to Comment
  • This Week In Pharma: Xoma's Big Day And Dyax Vs. BioCryst Vs. Shire - Who Will Own HAE? [View article]
    My 'burnt toast' comment is dated July. It wasn't accompanied by a 'valid forever' certificate. I didn't see any contradictory statements supported by evidence from anyone then. In Nov, after 4 months, with 20-20 hind sight it is easy to pen an odd flippant line.
    What I said then was - given a choice between covering XOMA or BCRX better to cover BCRX as XOMA wasn't headed anywhere fancy in the next few months, but BCRX just could.
    Also for info I was long XOMA then but got out 2 days before price collapsed.
    Nov 10, 2015. 01:55 PM | 1 Like Like |Link to Comment
  • Upgrading Physicians Realty To A Strong BUY [View article]
    In the last 1 yr this stock is straddling $15.50 moving +/- a buck. In this same time frame numerous reasonably safe risk adjusted biotech and pharma stocks have appreciated by 25-50%; numerous riskier ones even 100%+. The tgt price for DOC is just 40c higher. Surely there are stocks and REITS available in this very sector to invest in with potential for far higher returns than DOC? Maybe I am missing something here?
    Nov 9, 2015. 09:58 AM | 1 Like Like |Link to Comment