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R640/Buygold
Tks for the Comments…was thinking of shorting SM o/weekend…didn’t realise it is a 3 day weekend.
I day Holiday with no bad news, as u say will be worth 300 pts on Dow.
ipso facto @ 10:58 Sprott Weekly Wrap-up
I see this wrap-up is Eric Sprott on the latest Coronavirus statistics and his thoughts on its severity and future direction. Also Eric’s opinion on Metalla …MTA.TO, a Royalty company which I own. Worth the time to listen IMO!
R640 – Probably right
“the DOW will come in up 200-300 pts Tuesday a.m.”
That’s the way it’s been the last couple of Friday’s when they’ve been weak.
PM shares, with a few exceptions pretty much suck today, especially the silver juniors. OTOH, Silver Wheaton – WPM now looks great, as does Barrick. SAND and AUY doing OK too on earnings.
Other than those few, I’ve got a lot of red on my screen.
Sucks again given gold above $1580 and silver having a decent day.
mkt signals distorted by liquidity–today is a gift from g-d shorting opp…except that that it probably isn’t
12:27–TRANNIES DOWN 90—bonds very well bid DOW down 50 but they just can get any downside mo-mo going…the VIX is barely up–and if the news flow is just neutral over the 3 day weekend, the DOW will come in up 200-300 pts Tuesday a.m.
ipso facto & Maya-for what its worth-I’m reluctant to post this but
According to Cliff High MMs can give you colon cancer
start at 13.10 mark
I only have so many dollars to go around
That’s why I shop Amazon. The Big Box retailer model is going to implode, watch. It’s inefficient, outdated and environmentally unsustainable to have the huge stores and products, giant aisles, the travel back and forth to these places when everything can be stored in the Amazon Warehouse instead, at a tiny fraction of the overhead. Who moved the cheese?
What’s more efficient, an army of tiny robots inside Amazon’s warehouse who never complain and work 24/7 or me running ruts back and forth to home depot every few days? An Amazon delivery van that hits hundreds of locations in a single day very efficiently, or 500K people driving around in their cars that create endless gridlock and frustrated drivers. Heck, I don’t even really drive anymore, Denver gridlock has become insane. You know why? Because I sit through a ton of stoplight cycles where these digitally addicted jack offs can’t put their damn phones down and drive.
Which leads me to self-driving cars and robust public transportation systems. I lived in Chicago for 5 years getting my degree in architecture. I rode the L EVERYWHERE. Here in Denver, we have a failing public transportation system called Regional Transportation District (RTD). We call it Reason TO Drive. It’s an abysmal failure. Denver had an amazing private streetcar system that got smoked and replaced by in ineffective bureaucratic unionizes government free-handout system where people make huge sums of money at the top and do completely nothing.
Know why Elon is so successful? He’s shattering the old guard. He clocked the big 3. Maybe he even killed them. He hires people that are damn smart. He cares nothing about college educations or titles. Just good people that work hard and are smarter than him. This is why his self-driving cars are going to smoke the old dogs in the big 3. He’s light years ahead while these dufuses are still churning out total garbage in the big 3 club.
eeos
That explains why I am poor….I avoid AMZN like the plague…..I’ll pay over their prices.
What really beats me is why they get away with paying no tax, anywhere.
HUI – Unfortunately the great performance of Barrick/Yamana isn’t enough to offset the hideous performance of AEM :(
Top 30 Components
| Symbol | Company Name | Last Price | Change | % Change | Volume |
|---|---|---|---|---|---|
| GOLD | Barrick Gold Corporation | 19.48 | 0.55 | +2.88% | 5,340,778 |
| AEM.TO | Agnico Eagle Mines Limited | 68.48 | -9.81 | -12.53% | 1,122,313 |
| G.TO | G.TO | ||||
| IMG.TO | IAMGOLD Corporation | 3.9900 | 0.0100 | +0.25% | 160,719 |
| NEM | Newmont Corporation | 44.17 | 0.16 | +0.36% | 1,246,862 |
| AGI.TO | Alamos Gold Inc. | 7.98 | -0.03 | -0.37% | 145,126 |
| AU | AngloGold Ashanti Limited | 19.58 | 0.08 | +0.41% | 898,322 |
| NGD.TO | New Gold Inc. | 1.0150 | 0.0050 | +0.50% | 309,481 |
| GFI | Gold Fields Limited | 6.18 | -0.06 | -1.04% | 1,956,314 |
| BVN | Compania de Minas Buenaventura S.A.A. | 12.49 | -0.14 | -1.07% | 241,634 |
| K.TO | Kinross Gold Corporation | 6.73 | -0.08 | -1.17% | 810,198 |
| ELD.TO | Eldorado Gold Corporation | 9.10 | -0.14 | -1.52% | 232,855 |
| ABX.TO | Barrick Gold Corporation | 25.62 | 0.50 | +1.99% | 1,353,092 |
| HMY | Harmony Gold Mining Company Limited | 3.1550 | 0.0850 | +2.77% | 3,133,423 |
| SBGL | Sibanye Gold Limited | 11.31 | 0.47 | +4.29% | 1,910,725 |
| YRI.TO | Yamana Gold Inc. | 5.67 | 0.34 | +6.38% | 2,564,627 |
DOW was down almost 30 at one point
That’s waaay too much for the market scum to bare in a single day!
Get those algo’s to work fella’s 🙂
New Poll New Poll
Vote Vote
How dangerous is the Coronavirus to the population of the world … on a scale of 1 to 10 with 1 being the least and 10 being the most?
I’m surrounded by wealthy neighbors
There’s not a day in the week that Amazon vans don’t visit their houses, Sundays too. Look at the USPS even the lazy mailman has to get out of bed on Sundays and make deliveries now. I have to admit Amazon is the first place I check for anything if I want a good price or a hard to find something
R640
Check out the Monthly AMZN chart…monster Bull flag break out = tgt @ $ 3500 !!!!!….a 60 % increase….we may have a long way to go…..
9:40 am–we are in the midst of the 1st whipsaw/yo-yo of the day
as the DOW has been up 35 and down 25…going nowhere
I got whipsawed for about a grand so far this week by that…I gotta post a note on my computer screen to remember what tom lee said=
Fundstrat’s Tom Lee thinks this dynamic may explain much of the sharp market rally we’ve seen in recent days despite the persistence of disconcerting headlines (e.g. coronavirus, U.S. political uncertainty).
“There is just not enough S&P 500 to go around,” Fundstrat’s Tom Lee said in a note to clients on Thursday. “The S&P 500 is about $25 trillion in market cap and there is $300 trillion of global household liquid assets.
.”
Lee also notes that U.S. stocks further benefit from being heavily exposed to the U.S. economy where the data continues to improve as the rest of the world stagnates.
On the other hand – AEM getting smacked
Agnico Eagle Mines Swings to 4Q Profit, Cuts Gold 2020 Production Target — Earnings Review
5:26 pm ET February 13, 2020 (Dow Jones) Print
Agnico Eagle Mines Ltd. reported results for the quarter ended in December. Here’s what you need to know:
EARNINGS: The Canadian gold mining company swung to a quarterly profit of $331.7 million, or $1.38 a diluted share, from a year-earlier loss of $393.7 million, or $1.68 a share. On an adjusted basis, profit was 37 cents a share.
REVENUE: Revenue from mining operations rose to $753.1 million from $537.8 million a year earlier.
YEAR: The company ended the year at a profit of $473.2 million on $2.49 billion in revenue, compared with a loss of $326.7 million on $2.19 billion a year earlier.
OUTLOOK: The company cut its 2020 gold production projection to about 1.88 million ounces, down from its previous view of 1.9 million to 2 million ounces, reflecting a slower-than-previously-expected ramp-up of production at the new Nunavut operations and a more conservative mining plan in the West mine area at LaRonde. In 2021, it projects 2.1 million to 2.09 million ounces and 2.07 million to 2.14 million ounces in 2022. Unit costs expected to decline from 2020 to 2022.
More good earnings, this time from Sandstorm. Probably a good one to tuck away
Sandstorm Gold Royalties Announces Record 2019 Annual Results and Uplisting to the New York Stock Exchange
4:46 pm ET February 13, 2020 (Accesswire) Print
Fourth Quarter Highlights
- Attributable gold equivalent ounces sold1 of 16,113 ounces (Q4 2018 – 14,182 ounces);
- Revenue of $24.0 million (Q4 2018 – $17.5 million);
- Cash flows from operating activities, excluding changes in non-cash working capital1of $15.2 million (Q4 2018 – $11.2 million);
- Net income of $5.3 million (Q4 2018 – $2.7 million);
- Credit Facility Amendment: The Company’s revolving credit facility was amended allowing the Company to borrow up to $225 million with an additional uncommitted accordion of up to $75 million, for a total facility of up to $300 million for acquisitions and general corporate purposes. The tenure of the facility is four years and is extendable by mutual consent of Sandstorm and the banking syndicate.
Full Year Highlights
- Record attributable gold equivalent ounces sold1 of 63,829 ounces (FY 2018 – 57,646 ounces);
- Record revenue of $89.4 million (FY 2018 – $73.2 million);
- Average cash cost per attributable gold equivalent ounce of $286 resulting in cash operating margins1 of $1,115 per ounce (FY 2018 – $278 per ounce and $991 per ounce respectively);
- Record cash flows from operating activities, excluding changes in non-cash working capital1 of $60.7 million (FY 2018 – $49.1 million);
- Net income of $16.4 million (FY 2018 – $5.9 million);
- Significant acquisitions withnear term cash flow, strong counterparties, and significant exploration upside:
- In January 2019, the Company acquired a 0.9% NSR on the precious metals produced from the Fruta del Norte gold project in Ecuador, which is currently under construction and owned by Lundin Gold Inc. The royalty was acquired from a private third party for $32.8 million in cash and covers more than 644 square kilometres, including all 30 mining concessions held by Lundin Gold.
- In April 2019, the Company announced that it had entered into a $42.5 million financing package with Americas Gold and Silver Corporation (“Americas Gold”) which includes a $25 million precious metal stream and an NSR on the Relief Canyon gold project in Nevada, U.S.A., a $10 million convertible debenture and a $7.5 million private placement. Under the terms of the precious metals stream, Sandstorm is entitled to receive 32,022 ounces of gold over a 5.5 year period, after which, the Company will purchase 4% of the gold or silver produced from the Relief Canyon project for ongoing per ounce cash payments equal to 30%-65% of the spot price of gold or silver. In addition, Sandstorm will also receive a 1.4%-2.8% NSR on the area surrounding the Relief Canyon mine.
- Normal Course Issuer Bid: Under Sandstorm’s normal course issuer bid, the Company purchased and cancelled approximately 8.7 million common shares in 2019 for total consideration of $46.5 million.
Maya @ 22:38
Good post.
I haven’t taken MMS in several years. I still shudder when I think of the taste. 🙂
This is depressing. Big Brother is alive.
UK Government Approves Net Censorship – British Free Speech Dies
The United Kingdom has become the first Western nation to move ahead with large-scale censorship of the internet, effectively creating regulation that will limit freedom on the last frontier of digital liberty. In a move that has the nation reeling, Prime Minister Boris Johnson has unveiled rules that will punish internet companies with fines, and even imprisonment, if they fail to protect users from “harmful and illegal content.”
https://www.zerohedge.com/political/uk-government-approves-net-censorship-british-free-speech-dies
Things that make you go hmm…
that would be gold and silver catching a bid in the last 15 minutes or so?
Go figure
Morning Maddog
No worries. It’s the world we live in today.
My dad’s married to a wonderful younger Thai/Chinese gal that takes great care of him. My son is married to a black gal who is in the US Navy great gal too.
Trust me. I know all the slang and catch myself too and none of it bothers me and a lot of it fits. 🙂
Looks like we have us a flat day today to start…
Much ado about nothing=So far, about 82 percent of the cases — including all 14 in the United States — have been mild, with symptoms that require little or no medical intervention
The change in the method to count cases will again increase the infodemic and panic about the illness. But we have to keep in mind that this epidemic is in fact relatively mild. Most people on the younger side who come in contact the virus will never develop any symptoms and for those people who develop the COVID-19 disease the symptoms are not severe at all:
[T]he virus’s destructive potential has overshadowed one encouraging aspect of this outbreak: So far, about 82 percent of the cases — including all 14 in the United States — have been mild, with symptoms that require little or no medical intervention. And that proportion may be an undercount.
…
“The fact that there are so many mild cases is a real hallmark of this disease and makes it so different from SARS,” said Jennifer Nuzzo, an epidemiologist at the Johns Hopkins Bloomberg School of Public Health’s Center for Health Security. “It’s also really challenging. Most of our surveillance is oriented around finding people who require medical intervention.”
…
“This looks to be a bad, heightened cold — I think that’s a rational way of thinking about it,” said Matthew Frieman, a virologist at the University of Maryland School of Medicine.
To keep the numbers from China in perspective one can point at the current statistics the Center for Disease Control and Prevention (CDC) provides for the U.S.:
CDC estimates that so far this season there have been at least 22 million flu illnesses, 210,000 hospitalizations and 12,000 deaths from flu.
COVID-19 is still far from producing such high numbers. It likely never will come near to them as the resources China throws at it are overwhelming.
******************************************************************************
You’re nuts. The total case count went up *and* the deaths went up. Everything still at 2% dead. You’re saying that the new deaths weren’t from CORVID-19? Well, how did they pick out the deaths so that it came out to 2%. They want to scare people? I daresay not.
I have been following some medical experts about this virus and two things they agree on is that there are still a lot of unknowns and it definitely looks like a world-wide pandemic 1918 style. The reason is that it is a fast spreading virus that does not need droplets but rather it can spread through aerosol. So air handling systems on cruise ships and airplanes are great ways for it to multiply. In addition, asymptomatic virus production is common. So temperature monitoring of travelers is of little value.
The good news is like most new viruses, at first it can be brutal with a high death rate, but in order to spread easily, the virus becomes less deadly over time. So if we are lucky, by the time it gets here in a big way, it should be much milder.
The current death rate is from 1% to 18% depending upon the definition of the group. There are a lot of experts dealing with this now and there is not much use for us to speculate.
I know the normalcy bias is strong in most people, but a thing like this does happen from time to time. I believe that this is the real thing. China is having problems
Posted by: Bill | Feb 13 2020 21:23 utc | 15
Buygold
Apologies…didn’t realise that one was now verboten….I’m old school, from when nearly all the Map was ours and the Sun never set on the Empire.
Cheers.