Live coverage of the Fed Chairwoman Yellen’s press conference
The Fed did NOT raise rates!
Click the play button below to hear what Yellen has to say. The video will begin when Yellen takes the stage at approximately 11:30am pacific time / 2:30pm eastern.
I would say ditto., but, tweety is watching my every move…….so, I will say,……I agree with your comments………….. 🙂
Matthew (Ex-Shad)
Just wondering what your thoughts on Klondex are? It seems to be sluggish (like today). I was also surprised to discover that the historical high is only $3.00 (about another 20% from here).
I really like the fundamentals of the company (High grades, good AISC, etc), but it does have a P/E > 20. I’m wondering how it will do long-term, not as a trade.
Brian
I think it’s a great, solid company that will do very well long term but I think Doc knows it a lot better than I do.
I also think that it’s greatness and relative safety are precisely what will hold it back as the picture gets better for its inferior, riskier peers. Big gains come from leverage and leverage comes with risk. Rising gold and silver prices will have a much greater positive impact on marginal properties/operations right now (as risk comes off, valuations rise) than those that are economic/profitable at much lower metals prices.
KDX has already had a heckuva run this year (+70% right now) while many peers are scraping along near 52 week and even all-time lows. Until the sector as a whole does some catching up to the leaders, the leaders are likely to underperform. On the other hand, if the metals throw us a curve ball and fall apart, the likes of KDX will likely resume their outperformance by simply not falling as much as the rest.
Based on the chart, I wouldn’t worry about it.
I agree with this insight:
“… it’s greatness and relative safety are precisely what will hold it back as the picture gets better for its inferior, riskier peers.”
I guess that I just got lucky!
Is anyone worried about the 26 cent/2% gap for GDX yesterday?
For the first time ever, one FOMC predicts negative rates in 2015 and 2016 …
Instead of QE4 is the Fed going to shock us with NIRP in the coming months?
Imagine what would happen if they did both…
Janet Yellen herself has advocated that in the past as a possible policy
+1
Transitory … I’ll drink to that !
Negative rates……….are they serious?
DAVID STOCKMAN at usawatchdog……..says it all concerning the FED.
Gold in third wave ? oops sorry it is not an EW site.
Just the wild wave riders here ……….
NO RATE HIKE……..TOLD YA …….Big Al….., the Fed is froze with frost bite brains.
Dollar rallies should be sold, in my opinion.
http://schrts.co/bd3ex0
-1 totally disagree.
The daily and weekly charts are sells and the monthly ain’t pretty either. Just the facts.
Paper tiger has been exposed. 🙂
time will tell Matty, the fundamentals will prevail.
Don’t you mean Marty will prevail? Lol….. 😉
Stocks not liking NIRP
Credit to Al, last Friday he said: “now is probably a good time to accumulate!”
Clive Maund also nailed it by saying it was a very low risk time to buy.
Glad I don’t have the “to chase or not to chase” dilemma right now.