RE:RE:RE:upgraded today by td, BUY rating 22 targetPeople have the attention span of a gnat. The French election results are "all is well now / the Euro is saved" and it is now risk on so they trade out of their gold to buy stocks again. What a bunch of cr@p. As for North Korea, people are tired of hearing about it after more than two days of steady news flow. It will now take a severe club on the head for anyone to look up again.
It will probably all change tomorrow.....
Another example....
I tried to find out info on Venezuela yesterday....it is totally imploding. There have been riots and I heard in a podcast that Maduro wants to arm 400,000 of his supporters. This could be extremely critical for oil prices and critical for the US. Because it is an old story there wasn't one story about it in my local paper. If you go online, only the foreign press is talking about it. Meanwhile, USA Today has a story about how the LA mayor is making it LA LA Land Day in his city. The US is nuts.....maybe they deserve what they get.
"Democracy is the theory that the common people know what they want, and deserve to get it good and hard." H.L. Mencken
But I digress....
I know that there are companies who may buyout DGC.....I am just not looking for it and don't want it. I could make a lot of money on the buyout but I think I could make more money long term if they stay on their own.
(Reuters)NEW YORK/LONDON, April 25 Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion. Spot gold was down 0.9 percent at $1,264.25 an ounce by 2:53 p.m. EDT (1853 GMT), on track for its weakest one-day performance since March 2. It fell earlier to $1,261.41, the lowest since April 11. U.S. gold futures settled down 0.8 percent at $1,267.20. A gauge of world stocks notched a record for a second straight session, spurred by speculation about U.S. tax reform and relief at French election results, while the 10-year U.S. Treasury yield rallied to a two-week high. Business-friendly centrist Emmanuel Macron won the first round of the French vote on Sunday and opinion polls indicated less support for Le Pen. "We've moved from having multiple numbers of positive drivers for gold last week when yields were on the defensive and we had multiple geopolitical risks," said Ole Hansen, head of commodity strategy at Saxo Bank. "But now with the French election (first round) behind us, there is a bit of a surge of risk-on coming back to the market. The main worry was a strong performance by Le Pen." Gold is often seen as an alternative investment during times of political and financial uncertainty. Heightened security risks provided some support. North Korea conducted a live-fire exercise on Tuesday as a U.S. submarine docked in South Korea in a show of force. Hansen said gold would trade cautiously this week before a Friday deadline for the U.S. Congress to pass a spending bill funding the government through September or risk a government shutdown. Holdings of SPDR Gold, the world's largest gold-backed exchange-traded fund, rose six tonnes in the past two sessions. Silver dipped 1.7 percent at $17.59 an ounce after touching a one-month low at $17.51. "Silver's fundamentals look to be price supportive, but overextended investor positioning poses downside risk near-term," said Standard Chartered in a note. "Investor and industrial demand tend to drive silver prices but the supply side has now started to turn. We estimate supply fell by just under 1 percent last year, and will decline at a similar pace this year." Palladium was up 0.2 percent at $796.55 while platinum inched down 0.4 percent to $955.30 an ounce. Asset manager ETF Securities said in a note it expects "modest upside" for platinum given "expectations for continued global recovery in growth and manufacturing, and a record discount to the gold price." (Additional reporting by Swati Verma and Nallur Sethuraman in Bengaluru; editing by David Evans and Chizu Nomiyama)