There’s hope. Darin has a great looking female, French speaking Assistant Geologist digging for gold. I’ve lost track of how many times I’ve watched the multimedia presentation…Anyway, BAR stock could startle people with a rise to $0.50 Canadian. Think of the percentage gain! Kbagai would then probably think BAR is super shitco.
But seriously, I lost money on a quality miner, Agnico Eagle (AEM), which no one calls AEM shitco. Let’s look at the numbers…
From the recent high price on 9/5/17 of $51.85
To the low price reached today 3/1/18 $37.40
This excellent company lost 27.86% of it’s value.
Was it due to mismanagement, mine failure, nationalization, or strike?
No, GLD (Gold) went from 128.320 down to 123.575 for a loss of 3.70%
AEM moved 7.53 times faster to the downside than GLD.
You know the GDX (Miners) are being overly shorted.
Now…Let’s look at Silver for a minute…
Check-out the COT Disaggregated Report…Come on…Let me drag you through that swamp.
Link: https://www.barchart.com/futures/commitment-of-traders/technical-charts/SI*0
Here you see a 3 year chart of Silver on the COMEX. There are 7 different groups of traders. 3 want to be long, 3 want to be short, and the Swap Dealers are normally short, however my point is they are currently long 18341 silver contracts which is unusual.
IMO, we’re due for a bounce to the upside in silver soon (2-3 weeks).
(Note: A new Disaggregated Commitment of Traders Report comes out on 3/2/18 after market close and it should show even better positioning.)
Manipulation ends at some point. Also, shitco has a lot of unrecognized value.
cghonda1