Start Your Week With This

Mon, Jun 20, 2011 - 9:14am

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Jun 20, 2011 - 10:56am


From 12/2009 to 2/2010 the HUI index moved down 28%. Presently it has dropped 18%.

100 days later HUI was back to even.

In 2008 HUI lost 36%, in 2009 HUI gained 42%.

S&P in 2008- 1465 and now under 1300.

Jun 20, 2011 - 10:55am

I really did appreciate the

I really did appreciate the interview that Eric went out of his way to give to these two great men. It seems that years of underperformance coupled with the creeping 'deflationary' mindset is starting to convince even long term bulls of gold and silver, that they need to exit all their mining positions. This has personally been the case for me. I've been thinking of dumping miners and putting all the proceeds into physical, but over the last week I've concluded that it would be foolish(even if I exit them) to do so when they're at these depressed levels.

Patience wins out in a secular bull market. I hope Bob Chapman's right that in the case of a similar 08' meltdown, that the Hedgies can't force small to mid-cap miners down 90% again. Sitting tight....hoping to be right.

Jun 20, 2011 - 10:47am
Captain Phelps
Jun 20, 2011 - 10:38am

Miner shorties

This was a great interview and particularly helpful to those of us who feel trapped in our miner shares. Their point about the shorties driving share prices down to the level at which they become shark food in very compelling. I can think of about 16 (the number of miners in my accounts) that I know have had the crap beat out of them and I wouldn't mind seeing a flood of hostile takeovers.

Captain Silvertmosley
Jun 20, 2011 - 10:35am

Agree with tmosley

I don't see a huge spike in miners yet. The consolidation phase in the sector may get going sooner rather than later, but it will occur over a good while. I suspect M&A activity will be more methodical than in the past. "Cash" on hand for most companies is the only hedge against market volatility, important even for miners they have to pay their bills too.

Jun 20, 2011 - 10:26am


I will take the path of wait and see for the next two weeks and possible July month. Super bull does not end in a month.

Jun 20, 2011 - 10:19am

Apple's shareprice encounters

Apple's shareprice encounters gravity if and when unemployment goes above 5%. But for some reason, it's only now showing signs at 10%... possibly something to do with 30 million of the 44.5 million Americans on food stamps owning Apple products.

Jun 20, 2011 - 10:17am
Jun 20, 2011 - 10:14am

well I don't know about you boys

but I am loving this chart from a technical standpoint, and the action today speaks of potential for a pivot point back up. SLW up 2.3%, slv basically flat, AG down a little bit.

Jun 20, 2011 - 10:04am


just loaded up on some 35 aug calls. Good looks gentlemen. Everything is oversold, for now. Strong bias upwards.

Hmm I have not seen any sell offs to speak of? Tread carefully

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