A technical outlook for OceanaGold, Tahoe Resources and Detour Gold
Rick Ackerman is here today with his outlook for the following 3 stocks.
- OceanaGold Corp. β OCANF & TSX:OGC
- Tahoe Resources – TAHO & TSX:THO
- Detour Gold – DRGDF & TSX:DCG
Click download link to listen on this device: Download Show
Click here to visit Rick’s website and learn more about his service.
OceanaGold evolved out of the gold-production assets of Gold and Resource Developments Limited in 2003 with a diverse portfolio of assets in the South Island of New Zealand. OceanaGold acquired the Didipio Project in the Philippines through its 2006 merger with Climax Mining.
Year Event
2015 Acquired Waihi Gold Mine (New Zealand)
Acquired Romarco Minerals and Haile Gold Mine project (South Carolina, USA)
2014 Poured four-millionth ounce of gold from our combined New Zealand operations
2013 Commenced commercial production at the Didipio Mine as at 1 April 2013
2012 Completed Didipio Mine construction and commenced commissioning as planned in the fourth quarter
Produced first concentrate from the Didipio Mine in December
2011 Commenced construction at Didipio in June
Achieved record gold revenue and cash flow from operations
2010 Removed gold hedge book
Poured three-millionth ounce of gold from Macraes Open Pit Mine
Commenced 20th year of mining at Macraes
2009 Achieved record gold production from all New Zealand operations (300,000 oz)
2008 Commissioned Frasers Underground mine
Placed Didipio under care & maintenance following Global Financial Crisis
2007 Listed as OceanaGold Corporation on TSX, ASX and NZX
Commissioned Reefton Open Pit
2006 Merged with Climax Mining
Acquired Didipio Gold/Copper Project
2005 Poured two-millionth ounce of gold from Macraes Open Pit Mine
2004 Listed Oceana Gold Ltd on ASX and NZX
2003 Incorporated as Oceana Gold Ltd (OGL)
1999 Renamed Macraes Mining Company as Gold and Resource Developments (New Zealand) Limited
1989 Obtained 100% ownership of Macraes Mining Company Limited tenements from Golden Point Mining and BHP Gold Mines (New Zealand) Limited
Blah blah blah…….^skip^
See what I mean….
Not at all….please elaborate.
Please read this blog 1/2 way down where LPG responds to you, and you’ll get the drift from all the other commentators:
http://www.kereport.com/2016/07/20/bit-abbreviated-market-close-opinion-big-al-trump/
If you’re still fuzzy, then you may want read this KER blog from yesterday, where how you throw the first punch and often antagonize posters was the focus:
Cheers!
Too many words………^Skip^
In case you were TOO LAZY to click, that site may help you out as it features:
Lazy Reader 90 Degree Angel Horizontal Book Reading Periscope Glasses
After another of your pathetic and bizarre online performances day before yesterday I honestly don’t care what you post. Take a few more Ex-Lax and splatter the screen at will you freak.
chirp chirp chirp…. boring….
Seriously man, you have a big problem. A control freak like you must be a real gem in the matrimonial department. I sympathize with your wife.
Very helpful and relevant post for an investment blog.
Thanks for your invaluable insights. π
Everything is connected you fool. You might imagine yourself to be some kind of Rick Rule or Marin Katusa with all your daily stock blather but to me its all just a repetitive, boring cut-and-paste material with very little insight.
If I need data I will google it myself. Now go console your wife and give her some attention. You have spent more than enough time on this site already. Nobody reads your posts (so its not just me).
chirp…. chirp…. chirp…..
Bird, guess I will sound argumentative to people but oh well. Im speaking to you.
Most people like to be led, they wont find info themselves.
If they actually wanted someone to follow for free (there are many good ones to pay for)
the guy is Mickey Fulp, his work is all free, hard to find a loser he has recommended.
But, his time frame is one year. He cover the array of resources, uranium seems to be coming into flavor again. VERY profitable following Mickeys work. over time of course.
As for trading with charts, there are a couple people here that can do it profitably, that takes being glued to a screen. If your into it, why not?
Anyway, post after post of companies? Why not just post the kitco list?
There are more there than most people have funds to invest in, and as I said, throw a dart blindfolded, you got a winner, and sure enough, thats what happened.
Its in Bobs book, really simple
Friend of mine was an international chess master (played Spasky and Fisher)
he gave lessons which people payed dearly for.
He was always amazed as he said many times, “They could buy the book for $5”
People like to be led, its human nature.
Have you read the Road to Roota stuff?
Most of the smaller silver and gold companies we have discussed weren’t on the kitco list at the time, or are not on the kitco list now. By the way – they kicked the crap out of the kitco list for the 10th time B.
in addition, the kitco list doesn’t have most of teh he prospect generators, PGM miners, copper miners, base metal miners, specialty metals miners, Uranium miners, or lithium miners. Maybe that escaped your sharp mind….
You beat the kitco list did you?
Congratulations.
My most owned share beat the kitco list too Shad, at over 2500% does that count?
At about 90% holding actually, thats kinda pretty sure.
No, it wasnt on the kitco list either.
I said long ago, it wasnt that complicated, ya just had to own something, anything, get a blindfold and throw a dart at the kitco list and it will make money, guess what, I was right.
I sid the kitco list cause its eay to find.
You seem to want to make it more complicated than it is.
Buy the whole list I said, some will do better than others but you will make money, easy peezy, no brainer, no effort required.
Bobs book would bring some clarity to you Shad.
Shad thinks he is the Oracle, B.
Too damned funny for words. Apparently he doesn’t know the audience too well since most of us are better off without his pointers. Teacher thinks this is Kindergarten or something.
B – Sometimes your lack of understanding and absence of logic are baffling:
“I sid the kitco list cause its eay to find.
You seem to want to make it more complicated than it is.” – B
Absolutely I beat the Kitco list, and that was my point in why being “selective” as a stock picker, doing some homework, spotting undervalued companies with more torque to the upside was worthwhile. Yes, believe it or not, I’m actually quite thrilled with the larger returns that crushed just going with the easy and safe larger cap names on Kitco. I’m in this for returns not how easy it is.
If you’re just going to throw darts, then you are clearly not a very educated investor, and you are just “spraying and praying”. I can’t image most hedge funds or intelligent investors would employ this strategy.
If you’re going take an asinine approach like that and want easy and safe, then just buy the ETFs. If you want bigger returns, then you need to narrow down sub-sectors (hence those dreaded lists that you are too lazy to follow up on), you need to follow the news flow from a company, analyze their costs, analyze their guidance, and look at their market caps, PE ratios, and evaluations. Lastly, for timing technical analysis should be employed for entry and exits.
If you’re not willing to put in the work, then you don’t deserve the returns. It’s as simple as that. Many of us here on the KER post ideas, research, press releases, articles, charts, and lists to assist others or get the conversation going. Instead of saying thank you, you bitch and moan that you have to scroll through a list of companies and it breaks up your pointless conversations about the news, politics, and things you have no control over in life. Get a clue man……
Give it a rest Shad.
Your really not a hero because a couple of your picks beat the kitco list.
Anyone that does research can do it.
You continualy miss my point, its gotta be intentional.
Chooseing the kitco list, or an etf list or a fund list etc is simply so a person that does not know how to research can own something.
As I said, for a person that knows diddly the kitco list is easy to find and worked very well, much better than funds in a bank.
Which Shad, is what many people compare investments to.
They would be very happy having thrown darts at that list.
You go on and on about how your “selective picking” ( like anyone here doesnt “selective pick” duh) is just not as impressive as you seem to think it is.
Not to people that do this stuff.
To be fair your not the only one going on about “its a stock pickers market” well duh.
Saying stuff like that does impress the easily impressed I guess.
People like your posts so post them, but anyone that thinks for themselves is going to research for themselves.
Still not going to own Nevsun or GLD.
And anything else I find that harms people for profit.
“Your really not a hero because a couple of your picks beat the kitco list.
Anyone that does research can do it.” – B.
Really – then why didn’t they? Why did so many wallstreet investors and even precious metals newsletter writers bet on the wrong horses or worse, missed this entire rally up in the Jr Silver Miners in 2016? Obviously, it isn’t that easy or everyone would be up 400-500% in their trading accounts. A few investors on here are, because they took positions from Dec 2015 – Feb 2016. Most missed it and picked larger safer companies that didn’t move nearly as much.
“You continualy miss my point, its gotta be intentional.”
It was. I mentioned which companies I thought would outperform, and why on a technical and fundamental basis….Just like Matthew, Brian, Marty, Bonzo Barzini, Glenfidish, Jason, Pete, DW Jones, OOTB, CFS, Anders in Copenhagan, Dan, Calgary, LPG, Doc, and all the other investors on here that discuss stocks picked them intentionally.
I don’t know about you but every investment I make is intentional. It is rare that I accidentally buy a stock or ETF. (what nonsense).
“Chooseing the kitco list, or an etf list or a fund list etc is simply so a person that does not know how to research can own something. As I said, for a person that knows diddly the kitco list is easy to find and worked very well, much better than funds in a bank.” – B.
Agreed. It is the very advice I recommended to you a number of times. If you don’t know anything, or want to spend the time to research the stocks not on the Kitco list, which could majorly outperform or underperform, then just by the ETFs. Thanks for restating back to me what I had just mentioned (again) to you in a prior post.
“You go on and on about how your βselective pickingβ ( like anyone here doesnt βselective pickβ duh) is just not as impressive as you seem to think it is.
Not to people that do this stuff.” – B
The point was that being “Selective” and informed allowed many of us to beat the Kitco list, largely represented in the ETFs GDX and GDXJ. You’ve scoffed at that idea when special guests far more informed that you have mentioned it, and when we’ve discussed it here on the KER. Our fun little discussion has been that by being selective you could outperform the ETFS on a 2-4 times basis. Your philosophy was just throw a dart and you’ll do fine. I’m interested in the percentage returns I make and not just doing fine. I wouldn’t do all the work and spend time dissecting companies, area plays, sectors & subsectors if I just wanted to be average.
Also, I read article after article posted by the investing community where they were “surprised” the Jr. Silver miners did so well, and very few of them were discussing the winners and CLEAR OUTPERFORMERS like we were here on the KER. So if it was that damn easy, then why didn’t they all pick these companies?
(Here’s a clue it takes experience, understanding, and information to make those calls….. something most people lack).
“To be fair your not the only one going on about βits a stock pickers marketβ well duh. Saying stuff like that does impress the easily impressed I guess.”
I posted to help other investors and share ideas and pros/cons with other investors here on the KER….not to impress. I don’t have a newsletter nor sell subscription services, and I’m either invested in or at least watching and celebrating the success of the companies I post about. If it helps someone else…. then Great. If it builds awareness for KER readers of an unnoticed opportunity…Great. If it gets a good discussion going about stocks or ETFs we can invest in to make some profits….Great. That’s my motivation for showing up and posting here on the KER.
“People like your posts so post them, but anyone that thinks for themselves is going to research for themselves.” – B
Thanks for the permission to post B. Yes, I agree that anyone who things for themselves is going to do research for themselves. That’s exactly why I feel very comfortable posting a targeted list of companies. The idea is to go and research those companies and for us to mastermind about which ones may represent good opportunities, and what the reasoning in. This seems to have escaped your keen intellect though, so rather than bitching and moaning about the lists interrupting your precious discussions about the news, politics, and the larger world you cannot change; then why don’t you just zip it, and scroll on past those lists if they don’t interest you and if you won’t put in the time to research them and share your analysis.
Comprende?
Did anyone read that post?
I saw comperende, did anyone read it? comprende?
Well we can’t fix lazy readers but I did provide Birdman with a solution. Maybe we can get a small pair for you as well so you guys can match:
___________________________________________________________________________
Lazy Reader 90 Degree Angel Horizontal Book Reading Periscope Glasses
Correction.
OCANF has, indeed, been trading in the US for over 10 years, as I looked up daily trading volume.
However, it was not until April, 2009 that it traded almost every day. Prior to then it could go for days or even weeks without a N. American trade.
My statement on price, however, still holds.
Oceana recently exceeded all previous peaks.
Agreed on Oceana Gold exceeding its prior peaks.
http://stockcharts.com/h-sc/ui?s=OCANF&p=D&st=2011-07-01&en=(today)&id=p57813210812
^skip^…..
Great contribution.
Skippy is tweety’s new turtle
Funny OOTB.
(Although, I’m showing a listing in New Zealand for over 25 years, so I guess it is possible it could have been listed as an ADR, earlier.)
I wish to apologize to Rick, for doubting his comments.
I also wish to heartily thank him for his time and efforts on this site. I find his insights great and he makes me always re-check my thinking on individual stocks that he discusses.
(And if I have to change my previous thoughts on any stock it is almost always to fall in line with Rick’s thoughts.)
A bottom should be due for oil. It has been going down around 40 days or 15%. It needs to bounce from the 43 to 44 area.
Oil is down again. Gold might be do for another haircut.
Its very uncertain. That and the election. Trump is ahead
and O already had one of his spokes people say today that
martial law will be declared if Trump gets close to winning
The White House.
America is really finished and the commode is full, just waiting
to be flushed. We have a high risk of nuclear war in progress and
it will be unleashed. No question about it.
It’s all planned. The banks will be closed and the grocery stores
will have signs, out of business.
The chaos that will ensue, will be the apocalypse. Its very certain.
Society brought it on themselves. The very fabric and the leaders
to the populous are corrupt.
IT CANNOT BE FIXED AND ALL COMING TO A VERY BITTER END.
Ok,i think everybody got the message allready ,Trader jake,thanks for warning us.
Do you got any news?,or just the sameoldsameold?
Pete, I never mentioned the election before.
You must be one of those optimists that
continue to believe The Make Believe World
will continue — The Central Planners shoved
down all of our throats.
Obviously, the truth enrages you and that’s why
society is in so much trouble.
YOU REFUSE TO WAKE UP !!! At your own peril too.
TJ…give it a rest…..
Gator,
Wake up !!!!!
The hammer is already to drop !!
You’re another one that is comatose !
Reporting from beautiful Saratoga Springs opening day.
The weather is scorching and so are the horses.
Best horses, best trainers, best jockeys, biggest purses.
Upper 90s and plenty of sun.
Track fast.
THE BOTTOM IS IN FOR GOLD
See you all in September.
A good summer to all!
If you people have nothing important to
say or comment on, except to be conflicting.
Think again. Don’t bring a knife to a gun fight.
Right now, you are making my day.
Fire away with your rhetoric rumblings.
Its meaningless jargon. –0– value !!!
Big Al, I find traderJake’s posts annoying and adding nothing but noise to this forum.
Perhaps they could be moderated for informational content and/or flushed.
He leaves excellent posts. So I disagree.
Except the posts to bb which are uncalled for.
He was also your attorney yesterday when court was in session, so you may be biased.
He’s got you figured out. So yeah. Pretty funny stuff.
CFS, truth is a rare commodity and society is in such poor
shape because people want to continue to believe in The
Central Planners, make believe world.
So no one is waking up.
Excuse me, CSF , does that bother you.
Because if it does, you’re in the wrong place.
Maybe you should be reading Dr. Suess books.
Ha ha ha ha!!! Just what this site needs. More Cat in the Hat!
Birdman, don’t joke around on this board because
the predators may and can use it against you.
Fortunately, their evidence was non conclusive and
and their case is extremely weak at best.
B, was not acting in good character and that was
irritating. You can’t do that in the middle of a trial.
Defendants beware !!
btw, looks like one predator in particular is getting back what they
asked for.
No one should tolerate snake oil salesman.
Its despicable !! & false accusers !
They need to be reprimended.
Don’t bother Jake. They punish themselves the moment they start typing and hit “submit”.
Maybe your right Birdman.
But they sure have many deceived
like they are heros losing fortunes
for innocent people.
Selling useless garbage like its
a real rare find. Outrageous !!
It’s very disturbing knowing what
they are really doing. Big scams !!
Copper getting ready to take a big dive….Palladium has a massive face-plant into the dirt coming at almost anytime now and platinum also readying for a belly flop off the high board. Its the silver crash I look forward to most. That one will turn the bugs off religion for a long time when it arrives.
I can hardly wait! Wheeeeeee!!!!!
Birdman, you making me fall off my chair.
I’m not making those predictions but it won’t
surprise me a bit.
Keep posting whatever is on your mind. Let them
pound dirt in here if they don’t like it.
If I’m around, we can send them on their way. Anyone
who gets arrogant.
Keep firing away !!!
I do not normally respond, unless I can educate.
I post under the initials CFS not CSF, which is the customary abreviation for cerebrospinal fluid, a colorless liquid in the skull, the primary function of which is to cushion the brain within the skull and serve as a shock absorber for the central nervous system. CSF also circulates nutrients and chemicals filtered from the blood and removes waste products.
So maybe you have been missing some CSF.
What you think and do especially on a subject like
that is really immaterial.
Does it really matter the difference between CFS
and CSF.
My post had a typo. Long explaination for that.
You really have a vendetta against me.
Look who is making posts that are meaningless.
This is not chemistry 101.
I enjoy reading insightful offerings with a focus on economics and investments. Immensely enjoy the gentlemanly discourse, although I frequently disagree – the hosts and guests are immensely likeable chaps. However, some contributors really need to be removed from posting. `Free speech` is one thing – but some comments are entirely unacceptable and take away from the board.
Thanks, Rand.
+1
Some Rand?
There are days most are pointless, today at least we got a laugh.
This commentary Rick been doing is pretty good.
“Some” is an understatement alright. The outpouring of hatred yesterday was really unprecedented. And it showed the writers up for who they really are. Hopefully it was cathartic for those involved since the cost they paid in humiliating themselves must be pretty high.
At least I had a good laugh as they cut their own noses off. My name was invoked over a hundred times. Fame eh? I kind of wondered aloud if anyone else noticed how obsessed they are as a group or how quickly they descended into primitive dog-pack behavior.
The funniest part was when guests on the show started joining in. Talk about destroying your own credibility. I bet those two never noticed Al and Cory never behave that way. They should take a tip.
———————————-
“When one person makes an accusation, check to be sure he himself is not the guilty one. Sometimes it’s those whose case is weakest who make the most clamour”.
Piers Anthony
——————————-
You are a stand up guy BB. Thanks for the support in the face of that onslaught.
ZZZzzzz……
The irony of your response could not be more obvious to the casual reader.
BM…just go away and take the B with you….
Heres an Idea Gator, you go away.
Take whoever you want with you.
Gator, its the other way around.
That’s being arrogant. You keep this up
there will be repercussions.
So, with that attitude Gator, I wouldn’t
stick around long.
Please, go find another hobby !!
Your one of the people that make the site worth reading Bird, there were others of course, but they seem to have been chased away.
Just realising its pointless Im sure.
I remember Al asking me if I thought a comment thread would be a good idea, I thought “great idea” (I had visions of Rickards dooking it out with Mr Bob etc)
Then HH turned up, and boy did it go downhill, I told Al what I thought I saw (you could lose your comment section) but HH got support because he used the words god and jesus.
At the time I argued that educated and informed commentaters wouldnt waste their time here if communications were limited due to unrelated interuption etc.
Looks like I was right, the guests barely make an apperance on the blog anymore.
I mentioned the discussion your capble of yesterday because I really enjoyed it when you get into it, but those that can keep up are far between now.
At one time we would get whole pages of insightfull thought provoking commentary between yourself and a few others.
To bad, but it really is looking like the best on the blog might just be list after list of miners now, welll…we always have the sunday surmon to look forward to.
Maybe keep “skipping” that was funny.
Yawn….. Zzzzzzzz……
B, I have to agree we once had some great debate on this site. But after yesterdays antics I don’t know who would risk posting here anymore. Look at all the crap they dished out. Some of the words written by one or two individuals came across as disturbed, if not actually psychiatric for such an extreme response to my comment disagreeing about gold. Nuts man!
Could you imagine meeting one of those posters in real life?
No thanks!!!!!!
B, if you don’t like my posting of podcast and articles from other sites, I will be happy to stop.
Keep posting the podcasts and articles and discussing the stocks CFS. Many readers here on the KER appreciate it, and many probably read them but don’t always leave comments. Who cares what b thinks?
Most intelligent investors would follow up on those companies with a little research, would recognize the value in highlighting certain stocks, isolating certain subsectors & area plays, and will be more well-informed and more profitable if they take action. I appreciate your efforts CFS.
+1
+1
Yep +1
Cheers
I didnt say that in the least cfs, not sure how you could come to that conclusion.
Yours are not the posts that interupt at all.
The “end of time” posts in the middle of a conversation are not constructive.
They get in the way (imo) making discusion difficult, but some people think they’re great.
The lists of miners I mention, maybe you havnt noticed?
I know some people like them, maybe they cant google, I dont know, but they seem endless at times, are not really discusion.
Not a big deal, I just thought it unfortunate that insightful conversation has been lost.
As Bird said, “price of everything, value of nothing” just the way the sites gone.
Democracy, gotta love it.
Post away cfs, sometimes you post something I havnt seen that is interesting.
Alot of people wont have seen what you post, its just me, I read most of that stuff first thing in my morning.
My point is just that its unfortunate to have lost what the site once had.
If you can’t beat them, then join them bb.
Just pop a few Ex-Lax and you too can splatter lists all over these pages every day.
Volume is everything! Don’t be concerned at all by the texture, color or smell.
The great part is….you don’t even need a keyboard! Just unzip and let ‘er rip.
Thanks, Ex.
On a different topic, but probably relevant…..
I scan the horizon looking for black swans flying in.
On 7/27/16 DeutscheBank reports its earnings.
I don’t know what they will be.
But I suspect that if they do not surprise on the high side or if they are not rigged to the high side, then I believe S&P will downgrade their rating.
If DB’s rating is downgraded then their derivative book has a problem.
If DB fails it almost certainly will collapse JPMorgan, which is where most Americans have their money.
(Actually Chase, but that’s the same bank.)
so, if you hear a down-grading of DB’s rating, you days or weeks before the system collapse.
That’s my view for now.
(Of course, Italian banks could still get into trouble first.)
Would be nice if the vix took notice of this stuff π
Bob was mentioning DB awhile back, since then more people have been talking about DB.
Bob was saying should DB run into trouble it might be an idea to withraw funds from bank accounts.
I think Zerohedge was one of the first to worry about DB.
The point of my post was to give a heads up on something specific to look for prior to an actual collapse, which will give an early warning.
If DB’s rating is downgraded there should be several days to get to banks and move money.
Many small conservatively run credit unions and savings and loans may not go belly up.
The state-run bank of N.Dakota won’t. The Government may find a way to save the day, but I plan to be pro-active.
N Dakota has got to be an exception.
I read about that a few years ago, my memory isnt that good but I do recall they are about the best positoned there is.
Im not in N Dakota tho. lol
Anyway, with only a few days to act should something happen, maybe people should be diversifying their bank assests now, what could it hurt?
Cash is another big consideration…obviously, I forget that ratio too, cash to digits.
Whatever it is you dont want to be without cash should the time actually come.
There is nowhee near enough cash to go around.
And if DB does go under, and dominoes fall, atms could stop working, so might debit/credit card machines.
Not going to be any fun at all, with or without cash.
CFS:
DB was downgraded two days ago.
By S&P!
I have to keep up to date!
Thanks
“you” should be “you’ve”
Attacked by my iPad again. Sorry
βββββββ HERE’S WHAT I WOULD LIKE TO KNOW ββββββββ
My first post at the top of the page was unacceptable, then
what’s the point of being here.
My post had everything to do with all the subject matters and
if you are unable to accept some negative commentary regarding
the worlds conditions, then you have decided to be bias.
That’s not my problem. There is a calamity in progress and the signs
are everywhere but some folks take it as fear mongering.
Everything is considered fear porn. No wonder the world is in such
poor condition.
The only thing that makes most of you happy is to post all the reasons
golds going to rocket higher and even if there is a financial collapse
the gold community will richly prosper.
FIRST OFF — I don’t want to hear about your pipe dreams either, then.
Especially you people that are infatuated with PAPER FOOLS GOLD.
Because thats all it is, and past performance is a not a guarantee and
with a historic financial collapse a death spiral in paper is assured.
ESPECIALLY, WHEN THE SYSTEM LOCKS UP AND BURNS.
So, I don’t want to hear about your _______ dreams. I’m totally
unimpressed. Bag holders always, never see the risks.
When they lose money its because they let greed lead them.
I’M NOT ONE OF THEM !!!! 98% of investors lose money in PM’s.
So shove it !!!!! I’m disgusted and don’t want to hear the reasons
for anything.
Jake, you are correct about gold. On a very serious note the technical outlook for precious metals is just terrible for the next few months. There is a HUGE bust coming for metals and miners. I will readily admit that I mistimed when the correction would arrive but I sure was not wrong in the assessment. We went one cycle longer than my worst case scenario on the rising side and that really threw me off my game. She’s going down though.
Big time. In a Titanic kind of way.
I believe it Birdman. These guys are just convinced that they
are all going to gold heaven with their paper fools gold dreams.
They are the future bag holders blinded by greed. The odds are
clearly against these high risk paper gold players with a big run
up behind us. Like you said, then comes the bust.
Good bye dreams and the wannabes get flushed. The gold
crowd to be honest have become very arrogant and rude.
Beside that, trees can’t grow with gold paper in a financollapse.
Thats fine. They signed up for heavy losses.
btw, LPG is to blame for me currently posting here.
I promised myself to leave here. This bunch is so
dumbed down. Its all dreams that will never come
true. Not with a big bust coming.
Totally nuts, like you said in your post above.
This is a comedy though. I laugh my self to death
just thinking about how people are so naive.
And the predators, just keep stepping in and
falling head first into the mud. Bone heads !!
You are telling me Jake. Allow that crowd a winning streak and just look what they instantly turn into. No dignity at all. Watch how vicious they get once their precious really starts moving down though. It will be murder on this blog every day.
PS….Don’t fret over rainbows. They are born that way.
Yep, you couldn’t have said it better Birdman.
This is the land of the lost. The Dreamers, the
Predators, Fake It Tell Ya Make It Crowd, In
Total Denial, Unwilling To Face The Truth and
it goes on and on. Oh and the wannabes !!!
It’s all here.
I agree with you Trader Jake:
LPG’s to blame. π π π
Poppppp cornnn time !!!
Luv’
LPG
LPG, your popcorn never was.
IT NEVER HAPPENED !!
There was no overwhelming evidence.
You had a dream that never came true.
Submit proof that the defendant is guilty
and must be conclusive.
Check the old thread in the court session.
Al, posted and said Birdman was fine basically.
LPG, you have no case. Its final !!!
LPG, even if you called in The Calvary.
Wouldn’t help.
LPG, it was a failed mission. Sleep well !!!
TJ,
I love you.
But i love my pop corn even more…
PCL (Pop Corn Love) to you.
LPG
TJ,
Here’s a special gift JUST for you & Birdman:
http://youtu.be/U86MVqiKuZE
Enjoy !
Luv’ to the both of you.
LPG
LPG, not official unless it’s dom perignon.
Popcorn is juvenile. Its completely disqualified.
Too late. Case is closed and its official now.
Sorry LPG, nice try. Evidence was bogus too
And so is the popcorn.
Do not try the cotton candy either.
SHOWS OVER, LPG !!!
The precious metal shares have been extremely kind to me this year,
Just as they have to others on here who took the plunge.
I sold off 5% of my profit 2 weeks ago in exchange for local Aussie dollars.
Its being used to pay 4 guys to paint the whole inside & outside of the house to freshen up the look after nearly 10 years since I last had to do it myself.
The rest of the $ is being spent on a new backyard pool/deck & undercover bbq area.
Its the middle of winter over here presently so pool deals are cheap as chips:)
So maybe I’m a paper gold fool like some on here profess?
But my Wife & multiple kids could’nt give two sh’ts if so when some cash comes out to pay for things they either enjoy looking at or enjoy using.
To each their own I guess?….its free stuff afterall !
I also added to some of my Miner positions this week on friday.
I think we may have another leg upwards….lets see.
Enjoy your weekend fella’s.
Cheers.
That’s a good deal Skeeta
Nothin wrong with that. Don’t let the market makers
steal all your profits and the market turning against
you.
Good Goin !!! Stay nimble. Paper is paper !
Nice one Skeeta !
Enjoy you WE too.
Best,
LPG
LPG, why would anyone in their right mind
declare gold is in a bull market unless they
were joking around.
Its ludicrous and incomprehensible to believe
a seasoned student of the markets would say
such a thing. Exception would be joking around.
YOU CAN’T BE SERIOUS, LPG.
Skeeta – Thanks for sharing that story about that pool/deck/bbq area and paint job being funded by metal shares profits. Well done sir!
We ain’t seen nothing yet Excelsior imo,
During the last bull run I sold out & bought several properties outright to rent out.
….admittedly I sold out too soon….watched the gold price still climb & my former juniors still move up multiples of where I sold them from. It annoyed back at the time….but now I couldn’t care less.
Cheers.
Agreed. Skeeta, I’m taking the same basic track you mentioned, make the money trading the bull market over the next few years, then cash out and store it in real estate.
Metals are set up now for multiple years to the upside. If the miners and metals pull back further in the near to mid term, then I’ll happily buy back the positions I trimmed into the recent strength at at discount and ride them right back up again. Rinse & repeat.
Have a great weekend man. BTW – Did you ever make it to San Diego?
Hi Excelsior,
Not yet,
Be there in January.
Cheers.
For that 1% of the time on the KE board, when you SHOULD have been listening (reading) posts from Ex & Matt about Americas: Here’s the future:
https://goldtadise.com/wp-content/uploads/2016/07/USA-AS-OBV-1.png
If you bought 100,000 shares @ $US 0.05 (like Matt gently recommended) it could be worth close $250,000 when this THING is all over with.
Brian
Gomer Pyle said at least a mil.
Brian – That’s a promising looking pennant on that chart. Thanks for the post.
On a related note (since we’re looking at Americas Silver Corp in that chart)…..
CEO & Chairman of Scorpio Mining Corporation and the gentleman that started the company that would become Americas Silver Corp (Peter J. Hawley) has joined Defiance as a Director and Chairman of the Board.
__________________________________________________________________________
Defiance Appoints Mine Developer as Chairman
Vancouver, British Columbiaβ(Newsfile Corp. β July 21, 2016)
http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1139-tsx-venture/def/22602-defiance-appoints-mine-developer-as-chairman.html
Often many mining magnates will sit on the board of multiple companies, and then there are times where those companies later merge. I actually think it would be pretty sweet if either Amercias Silver Corp or Scorpio Gold were to take out Defiance Silver.
Defiance is going to need to raise money to continue further drill programs, but they have proved their proof of concept. So if they did a JV with Americas Silver, or Americas Silver or Scorpio Gold were to take over Defiance, they they would have the funds to move those projects forward.
I remembered watching this a while back, thought it was also relevant for quick over view. Check out this video of Brent Cook interviewing Defiance Silver at the investment conference:
__________________________________________________________________________
Brent Cook likes this Mexican silver deposit – Defiance Silver
Published on Mar 28, 2016
Exploration Insight’s Brent Cook takes a closer look at Defiance Silver’s San Acacio silver project in Mexico, sharing ideas on both the pros and cons of the junior’s chief asset.
I missed Defiance – you can’y own all of them
I don’t have a position in Defiance either, but started watching when Bob M. pointed it out, and I went and watched a few overviews of their land, their drill results, and the historical workings on a some video site visits the company had filmed. When I’ve been posting the 10 Silver company composite charts Defiance has done very well all year which kept it on my top of mind.
This most recent video above with Brent Cook reviewing their overall drill results and plan moving forward shows they need money to keep drilling. When it was announced this week that Peter Hawley, from Americas Silver & Scorpio Gold has now joined their board, I just thought it may come to be that one his companies may either JV or buy out Defiance at one point to move those projects forward.
If you own Americas Silver then you may still end up getting the benefits of unlocking the value in that land. It will be interesting to see if there are any press releases over the next few months of the two companies finding synergies together.
Rick, are you looking at Oceana gold correctly?
I’m showing company listed for first time in 2009 and has recently exceeded all previous peaks. Both on TSX and as OCANF.