RE:The Stock Market is Wobbling and the POG is going UPPlease don't bother about rate. They have a plan. The rate is only matter if someone intended to pay back the debt, but they are not.
NRG is a cat in a bag untill it proven otherwise, that's why you see low volume. I better pay 2$ p/share but I need to know for what? During my years of trading I payed too much for hopium and been sorry later most of the time.
mackvorkian wrote: I have been expecting a correction followed by a vicious world wide bear market for some time now. We are looking down the barrel of one right now. The Bond market will blow up along with the US Markets. The EM have been on the way out for a while. Why is the price of oil down so much and so fast? Economic activity is slowing. Powell has been raising the interest rate and he has said that he will continue through next year. This is putting pressure on all businesses, on housing, on car loans, on everything. The FAANG's are beiong defanged. It is also placing pressure on the US in terms of how much interest it must pay on its dept. Check out the US Debt Clock. Powell wants to increase the rate so that he will have enough of a buffer to actually have an interest rate to lower when the time comes. The moment he even puts off a rate increase, the POG will go up. When he starts lowering the rate, the POG will go up. And the more he raises the rate, the worse the economy will become and the quicker the Bear Market will swing in. The Bull is dead tired and the FED is between a rock and a hard place.
There will only be one safe place to hide. It will be Gold and Silver. Where will the POG, the Price of Gold go? I'm with Sprott, Embry, Schiff, McEwen, Martenson, Maloney, Richards, Sinclair, Holter, Macleod, Murphy, Hemke, St Angelo, Morgan, Kirby, Rogers, Zang, and other lesser knows that think that God is going to bust through $1900 and head well past that. As in WELL PAST THAT.
The price of gold and silver has been manipulated for years. They are both micro markets. They are easy to manipulate becauzse they aree so small and easy to lose control of because they are so small. Check out DemonOcracy website for visuals.) Once the herd starts buying physical gold, and even buying it with 1% of their wealth, the situation will change overnite. What a lot of people do not understand that gold mining stocks have incredible leverage to the POG.If gold were to go up 50 % to $1800, the mining stocks would go up much higher. They could go up 10 x. plus.
Let's say a gold producer has an all in sustaining cost including the (capex) cost to build the mine of $1100 an ounce. At $1200 gold, that's a profit of $100. At $1300 gold that's a $200 profit and a 100% increase in profit. And $1400 gold would be a 200% increase in profit and so on. When gold heads up, its going to make the guys who have bought into good companies rich. Jrs are way undervalued. A Jr like NRG could hit $5 Bucks easy at $1800 gold. If its as good as I am hoping, it could go for a lot more. What do you think a ton of 239 gpt or 7.5 ounce per ton rock is worth. Gross profit would be over $9000 a ton at todays POG. And when you've got 20 feet of it, (width unknown) that's a lot of money.
My intense examination of Pamlico though the website and conversations with Robert Carrington has made me hopeful that this is going to be one of the best gold discovery stories in 2019. GBR has had some good holes and some good coverage. They went from 50 cents in Aug to $3.50 in Oct. in a bad market. When the work on Pamlico gets up to speed and if the POG cooperates, we could see a Buck a share real qwik. NRG is a BUY and Hold.