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2019 full year and Q4 results for miners

Posted: 24 Feb 2020, 23:26
by Gwyde
As gold is rising rapidly, a few miners are disappointing, mainly because of 2019Q4 and/or full year results missing on market expectations.
For example:
- Agnico Eagle posted decent results, but the stock was 'priced to perfection'. A few flaws came up under the looking glass (notably a cost creep) and AEM sold off over 15% on the day.
- Pretium had issued a warning before because of a technical issue with the ore feed to the mill. They predictably missed on the topline and suffered a cost creep. Nevertheless profits rose yoy, but the stock sunk once more, nearly reaching its 52w low a few days later.

Both are resuming their uptrend now, but starting from a (much) lower level.

Re: Haystack 2020 and beyond ...

Posted: 23 Mar 2020, 21:40
by Rasta
Jim Rickards disagrees with Martin Armstrong on the subject of confiscation (or confiscation fears). A video of a couple of days ago.


Re: Haystack 2020 and beyond ...

Posted: 28 Mar 2020, 20:46
by Rasta
An oldy, but still applicable and very true in time of distress and uncertainty.

The nice thing is that Rickards speaks here of freegold, without actually giving it a name.


Revival of gold mines - Corona dip overcome

Posted: 23 May 2020, 13:17
by Gwyde
On Mining Corner there is a new article: Revival of gold mines - Corona dip overcome.
And, yes, the HUI-Gold regression relationship survived the Corona dip.

Re: Haystack 2020 and beyond ...

Posted: 23 Jun 2020, 23:42
by Gwyde
Benefits of Owning Precious Metals vs the Derivatives
(Yahoo Finance)

Physical precious metals are better long term investments than both precious metal ETF's (GLD, SLV ...) and vastly better than most of the mining ETF's (GDX, GDXJ). The jury is still out on GOAU (short track record and focus on streaming & royalty plays) and on SLV: kept up pretty well with silver. However the metal plunged: it's still a losing game.

... I'm not surprised