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  • A Big Fat Eldorado Gold Greek Crisis [View article]
    "Eldorado Gold could likely stop further development at the Skouries project, lay off thousands of workers and keep the project on care and maintenance."

    EGO employs about 2000 workers there. How many may get laid off? Certainly not 'thousands' as this article suggests. What is the net impact?

    Maybe EGO pays the 1.7 million tax evasion claimed by Greece and gets on with the job.
    Apr 25, 2015. 04:23 PM | Likes Like |Link to Comment
  • Avoid Newmont Mining [View article]
    One swallow a summer does not make. Facts of the matter are:

    1. There are far better alternatives to NEM in the gold miners space right now.
    2. Tying up money in the floundering gold mining industry may not the best investment right now, but this depends on one's investment horizon and objectives.
    3. NEM price has not been so low since maybe 2001... that should tell us all something.
    4. Investing via Options in current situation (if one is so enamoured by NEM) such that it limits your losses and conserves 80% of your cash is not bad advice.
    5. NEM's dividend is pittance, adequately neutralised by the 80% conservation of cash (using Options) which can be employed elsewhere for better returns or for diversification.
    6. This site is not an online English language school. It's a place to seek and exchange investing ideas.
    7. Let's keep it civil and factual.

    The best!
    Apr 25, 2015. 12:50 AM | 3 Likes Like |Link to Comment
  • 5 Reasons To Buy Platinum Rather Than Gold [View article]
    Historically true, but I am wondering...
    Is platinum undervalued in relation to gold or vice-versa - gold overvalued in relation to platinum?
    With most auto manufacturing economies doing poorly, how much platinum is likely to be used by the auto industry? Possibility of R&D to identify/develop cheaper alternatives to reduce use of expensive platinum?
    Thank you!
    Apr 21, 2015. 11:34 AM | Likes Like |Link to Comment
  • A Fink Speaks The Truth [View article]
    MAD..... ah! 'Those were there days my friend, I thought they'd never end....' Such a pity - both, those days and that fine magazine.....

    Thanks for yet another interesting read, George!
    Apr 18, 2015. 03:32 AM | 3 Likes Like |Link to Comment
  • A Young Commander Making His Mark In The Middle East May Be Trouble For Markets And Bullish For Gold [View article]
    Hello again, Benni!

    Please read Russian history. Also, read the virtually non existent Ukrainian history. Then read about the understanding between RU & UA on Crimea. All will be clear.

    Downing MH ac: Look for benefit and motive. Even the dumbest detective will come to a singular conclusion - RU has absolutely no motive to down the ac, no benefit. Ditto Russian separatists in UA. Equally, the benefits to EU and USA have proved tremendous. (Post the shooting, EU immediately bowed to US pressure to impose sanctions on RU.) Here too, I suggest you read up on non Western media origin reports to get a balanced idea - including the report of a Ukraine fighter in vicinity of MH ac around the time it was shot down, and the conjecture by the Dutch investigating team that does not rule out an air to air missile strike. Oh, not to forget the downing/total disappearance of the first MH ac in SE Asia. Again, Russia? Or a pure coincidence? Neither.

    By the way, since this article is about gold, do you know where UA gold is now?
    Apr 7, 2015. 11:50 AM | Likes Like |Link to Comment
  • What Is Putin's Next Move? [View article]
    Quantcoyote, well summarized, Sir!

    'In Western Media there is too much propaganda, baseless accusations and wishful thinking about Putin's abilities, psyche, power, sanity, motives and ability. He looks after Russia's interests as much, maybe better, than Obama does or can US interests. Period.

    Russia's claims on parts of Georgia and Ukraine and Moldova are socio-politically and historically far more valid than USA's tenuous claims on so many places it occupies globally with military force thinly supported by UN resolutions of dubious moral value or moral justice.

    Every country that has tried to move away from the USD to either gold or another medium of exchange has faced US military intervention or active support to local subversives. Being smaller they have all succumbed - Iraq, Libya, Syria, Iran, etc. Propaganda about terrorist links and WMD hide real motives. What did all these countries have in common - a lot of oil and little affinity to the USD.

    Ukraine is another initiative by USA to weaken Russia politically. By the way, Russia is another country toying with the idea of a non USD dominated world. Russian economy and influence is oil based. Ever since Ukraine flared up, crude prices are on an oily slope whilst the USD soars like a sputnik. Jointly these two events have created a big hole in the Russian pocket. Co-incidence? Maybe, but I'm not biting.

    Oh, by the way, any guesses on where Ukrainian gold is located for safe guarding these days against marauding Russian hordes as Western Media have us believe? No cigars for right guesses....
    Apr 7, 2015. 03:03 AM | Likes Like |Link to Comment
  • A Young Commander Making His Mark In The Middle East May Be Trouble For Markets And Bullish For Gold [View article]
    Very interesting reading; equally intelligent and provocative comments. Thank you all!

    The last 3 decades have seen several wars/uprisings/rebellions in the ME. (Internal catalysts and US sponsored.) What was the effect on gold price then? This should (maybe?) give us an idea of what to expect now?

    Saudia has a new king, a new Def Min. Their Army is supplied and back stopped essentially by the US. I do not see them entering Yemen gung ho! without tacit US support/approval. Ergo, impact on oil and gold prices, etc. should already be factored in by people who control US policies and markets.

    By the way, Benni, Russia did not 'invade' Ukraine. Do not fall for that propaganda. UA breached terms of contract (read the small print) and RU merely decided to cut its losses and made good on the penalty.

    As for gold, I am waiting with Avi for the bottom. The best to all!
    Mar 29, 2015. 09:41 AM | Likes Like |Link to Comment
  • Buy This High Dividend Stock Yielding Over 8% As A Play On The World's Best Economy [View article]
    Thanks for covering an EU stock. I do enjoy reading your contributions here on SA.

    With liquidity ramping up maybe EU bourses will also enjoy a tail wind like US markets have, last few yrs?

    Is there any way to trade Options of Oslo Bors VPS Holding on European bourses?

    There is another Norwegian stock - Kvaerner ASA (KVAER), with an approx 10% dividend last I tracked it a few months back when it was about 10 NOK, currently at 6. Can I request you to use your superior evaluating skills to tell us if is worth an entry?

    Thanks again, in advance! The best!
    Mar 29, 2015. 08:34 AM | Likes Like |Link to Comment
  • Why A Beaten-Down Goldcorp Can Make A Comeback [View article]
    I understand you say that GG will do well mainly because gold price is expected to move higher.

    For over 2 yrs running now, a lot of people have been hollering "Buy the dip", expecting gold to hit the roof pretty soon.

    However, pragmatically, would be nice to know how GG measures up if gold remains stuck in $1200 range next 2 yrs. Thanks!
    Mar 20, 2015. 08:31 AM | 4 Likes Like |Link to Comment
  • Trading The Parabolic U.S. Dollar [View article]
    Thanks for the inputs, Adam! Assuming this to be true, what currency or asset class is likely to benefit the most if the USD begins to drop - other than gold? (The Euro is not something I'd like o bet on at this stage.)
    Mar 15, 2015. 12:54 AM | Likes Like |Link to Comment
  • GLD Bearish As Greece Kowtows To The European Commission [View article]
    The recent rise in gold price in Feb was all essentially due to physical buying by Chinese celebrating their New Year mid Feb. Celebrations and physical purchase over, gold started to slide. (One can observe similar phenomena Oct last yr when the Indians bought physical to celebrate their New Year. Greece effect on EU and all other so called reasons are, well, balderdash.

    It is only physical buying (not GLD paper trading which anyway is far from real gold) that's going to rescue gold price from current doldrums.
    Feb 27, 2015. 01:27 PM | 1 Like Like |Link to Comment
  • Could These Events Threaten The U.S. Dollar's Reserve Status? [View article]
    Fishfryer, I always appreciate your perspicacity evidenced by succinct and pertinent commentary!
    The best!
    Feb 14, 2015. 02:36 PM | 1 Like Like |Link to Comment
  • Why Vericel Shares Will Double In 2015 [View article]
    Thanks for the inputs Jason; much appreciated!

    Reading some of the comments aforehand, and your reply, it would seem your readership is denied your full expertise when it comes to the best stocks to own. One would assume that the best stocks as per your analysis would be part of your portfolio and therefore taboo subjects. Ergo, Grade 2 stuff is being offered for public consumption. Not sure how and your wide readership look at this....

    Any which way, the best and thanks again!
    Feb 6, 2015. 04:18 PM | Likes Like |Link to Comment
  • Update: New Greek Government Announces Opposition To Eldorado's Flagship Gold Mine [View article]
    Greece is close to bankrupt, unemployment is high. One doubts they will turn their back on a proven resource when half of EU is scrambling to get hold of as much gold as they can get their grubby hands on? Most likely the new Greek Govt will raise taxes or demand a bigger share of the pie. What do you think, Hebba?

    Can you tell us what would be fair price of EGO if one were to totally discount its assets in Greece?

    Also, how bright or dim are the prospects of this company if its licence in Greece was revoked or assets taken back by the new Govt?

    I see this as an opportunity if one has some iron in ones' spine... Me, I'm on a life long diet of ouzo laced kokoresti!
    Feb 1, 2015. 12:58 AM | Likes Like |Link to Comment
  • A 2014 Gold Investors Year In Review: Cracks In The International Order Appear [View article]
    Another interesting read. You continue maintain our interest, Hebba! Thank you... again!
    Jan 11, 2015. 11:40 AM | 2 Likes Like |Link to Comment