couple quick thoughts on AUY/AEM price action as result of buying Oskisko. With the super negative current miner environment they are really whacking the "buyers" of other miner stocks. However IMO in 6 months this will be looked upon by the markets as a "smart deal", my guess is that the miners could not develop the type of assets AUY/AEM are buying from Oskisko at anywhere close to the same cost especially when considering "country risk", just my opinion. Right now the market is labeling them idiots, if gold rallies just to 1450-1500 they could be heroes, above 2000 perhaps "saints?"...LOL
more BS
Senor
its interesting how that works. today an idiot , tomorrow a genius
i forgot to mention the gofo is negative out to 6months. last time this happened, it caused the august rally. so , even though there is tremendous weight on the market, the physical supply is not there, as seen from the gofo. miners are on the bargain block once again, of course if the lows break that will not be the case. does hui hold 215 or do we break to 175?
dharma
w/nem +5.5% today, maybe the abx to buy out nem deal is still alive?
tremendous pressure on the market. so far it has not broken!
Edited by dharma, 21 April 2014 - 02:28 PM.