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SN3165 (< 20)

Silver Stocks are Dirt Cheap

Recs

17

May 07, 2012 – Comments (79) | RELATED TICKERS: SLW , EXK , GPL

Today was a down day for silver but a big down day for the stocks. Not worried, just think it's a buying opportunity.

Check out my latest video.

 http://goldtreasurehunting.blogspot.com/2012/05/silver-stocks-are-dirt-cheap.html

79 Comments – Post Your Own

#1) On May 08, 2012 at 12:20 AM, TMFAleph1 (95.06) wrote:

...and silver is way overpriced.

Definitive proof gold is a bubble

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#2) On May 08, 2012 at 10:12 AM, Valyooo (99.45) wrote:

I have been hearing this same claim for a very long time

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#3) On May 08, 2012 at 11:09 AM, SN3165 (< 20) wrote:

Your comments are precisely why I am buying. Sentiment hasn't been this low for the stocks since 2008.That was the last great buying opportunity, and this is the next.

You can't tell me that SLW isn't a buy here.

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#4) On May 08, 2012 at 11:25 AM, SN3165 (< 20) wrote:

@Valyooo, you could have bought anything silver and gold in 2008-2009, sold in 2011, and you would have done very, very well. Not saying that they were overvalued in 2011, but they certainly had a nice run. If I'm right, the next time to sell some will probably be in 2013-14. We'll see...

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#5) On May 08, 2012 at 12:23 PM, Valyooo (99.45) wrote:

You could have bought ANYTHING AT ALL during that time period, and done very, very well.  You would have made a ton of money buying C, BAC, you know, the "bad companies"

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#6) On May 08, 2012 at 12:48 PM, dragonLZ (99.32) wrote:

SN3165, Didn't you also think SLW was a good buy when you green-thumbed it in your CAPS portfolio back in September of 2009? It is 35% down since then.

How do we know you are now "more right" than you were back then? Just because something is cheaper now then it was before (dirt cheap) doesn't mean it can't get cheaper yet.

p.s.

On your blog, in your profile, it says you are a gold and silver stocks guru. Who gave you the guru "title" or how did you earn it?

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#7) On May 08, 2012 at 12:50 PM, dragonLZ (99.32) wrote:

Sorry, I meant to say September of 2011, not 2009.

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#8) On May 08, 2012 at 1:04 PM, Valyooo (99.45) wrote:

When your accuracy is 28% and score is wayyy underperforming the bernanke inflated s and p you are obviously a guru

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#9) On May 08, 2012 at 1:06 PM, Valyooo (99.45) wrote:

I forgot to mention that even though gold and silver are up huge in 12 years, Aapl apparently must go down since its up so much

 

GOLD ONLY GOES UP C'MON DRAGON DON'T BE A NOOB 

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#10) On May 08, 2012 at 1:18 PM, Frankydontfailme (27.52) wrote:

Ok settle down Valy and Dragon. He may be wrong and may be right but no reason to be a jerk.

 

P.S Apple is going down...

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#11) On May 08, 2012 at 1:22 PM, SN3165 (< 20) wrote:

Yeah you guys are pretty much jerks, so I'm done commenting here.

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#12) On May 08, 2012 at 1:36 PM, EvilEmpire (28.85) wrote:

You really can't expect people to take you seriously, can you?

 

Metals and Mining

 

 Score: -462.95 Accuracy: 16.67%  

 

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#13) On May 08, 2012 at 1:41 PM, Frankydontfailme (27.52) wrote:

lol #12 so no one should have taken Warren Buffet seriously after losing Billions in 2009?

(rhetorical question actually, I don't taken the "oracle" seriously)

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#14) On May 08, 2012 at 1:48 PM, dragonLZ (99.32) wrote:

Franky, Why am I a jerk?

For asking two "tough" questions?

What's wrong with asking "why are you now more right about SLW than you were in Sept. of 2011?" and "How did you earn the guru title?"

It looks to me like you are one of those CAPS players who think only comments like "Yes, I agree Silver is going to $250" are not jerk-like comments? 

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#15) On May 08, 2012 at 1:54 PM, SN3165 (< 20) wrote:

You guys clearly take the CAPS system way too seriously. I've said on several occasions here that I could CARE LESS about my CAPS score. I care far more about the performance of my real life portfolio, which has outperformed the S&P and every gold index for the last 3 years. Go ahead,  keep on working at improving your useless CAPS score while I outperform you where it counts.

@DragonLZ, you're a jerk because of your mean-spirited responses, we're here to learn not to bash others for what they believe in. 

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#16) On May 08, 2012 at 1:55 PM, dragonLZ (99.32) wrote:

Valyooo, it's scary how you and I think alike sometimes.

I thought the very same thing when I saw SN's AAPL down-thumbing pitch: What goes up, must come down.

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#17) On May 08, 2012 at 1:56 PM, Valyooo (99.45) wrote:

@Franky,

Well I think Buffett may have had about 60 years of good track record that  maybe, just MAYBE, its okay to have 1 down year, don't you think?

I am not trying to be a jerk, people are entitled to opinions, but this website is becoming FLOODED with the same crap and anytime anybody disagrees that silver and gold miners are not worth 10 billion dollars a share, that person is harrased and when real quesitons are asked the response is always "I do not have to dignify this with a response"

What is the point of blogging if you only want to hear one side?

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#18) On May 08, 2012 at 2:02 PM, dragonLZ (99.32) wrote:

@DragonLZ, you're a jerk because of your mean-spirited responses, we're here to learn not to bash others for what they believe in.

Oh, OK, now I get it.

p.s.

If you are here to learn (like the rest of us), they you should maybe consider changing your profile from "gold and silver guru" into "gold and silver fan" or something like that. 

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#19) On May 08, 2012 at 2:03 PM, SN3165 (< 20) wrote:

I'm all for hearing the other side. Tell me why I'm wrong here, in a civil manner, and I'm all ears. This is all I've gotten so far: 1 person telling me gold is a bubble,  6 commens bashing my CAPS score. I would love to hear legit arguments on why gold and silver miners are not a good buy here. You've heard my point of view. I've never bashed anyone for believing in something I don't believe in, I listen to them and If I don't agree then I respectfully disagree.

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#20) On May 08, 2012 at 2:07 PM, Frankydontfailme (27.52) wrote:

There's a difference between asking tough questions and being a jerk and you losers know it ( example of me being a jerk)

Drangon's blog about why gold could go down was asking the tough questions. I've seen Valy ask tough questions many times. Teasing someone about their cap score or whether they call themself a guru on their PERSONAL blog is just being a jerk...

If you asked: 'is it possible that their is a fundamental reason why silver miners appear cheap although they continue to go down?' Then we could have had a reasonable discussion.

"Franky, didn't your mother teach you to think before you speak?"

Are you a mental midget? (don't asnwer that we all know already).  

How about the track record of silver bulls over the last 11 years? Are you sure SN hasn't been long since 2001? (probably not, nonethless, you have no idea.)

I can't believe I'm still arguing with you fools, what a joke.

 

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#21) On May 08, 2012 at 2:15 PM, SN3165 (< 20) wrote:

I didn't mean for that profile to come off as arrogant, it's just a profile bio... I'm not nearly as knowledge about Sinch and others who do this for a living, and others who have been around forever  like Jim Sinclair, but I do know a thing or do about this sector despite what you say. I'm basically on my computer every day watching and researching the sector so I figured I might as well write about it. It's been quite enjoyable for me and I actually have made some money from it in the short time it's been around. (today was a good day!).

Again I'm all ears for the other side's argument here. 

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#22) On May 08, 2012 at 2:15 PM, SN3165 (< 20) wrote:

*Knowledgable

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#23) On May 08, 2012 at 2:21 PM, Valyooo (99.45) wrote:

You guys clearly take the CAPS system way too seriously. I've said on several occasions here that I could CARE LESS about my CAPS score. I care far more about the performance of my real life portfolio, which has outperformed the S&P and every gold index for the last 3 years. Go ahead,  keep on working at improving your useless CAPS score while I outperform you where it counts.

It's easy to say you're doing really good in your real life account, which we can't see.  CAPS doesn't matter, but obviously you thought the picks you made were good, or you would not have made them.  Thus far you have been terribly wrong.

@DragonLZ, you're a jerk because of your mean-spirited responses, we're here to learn not to bash others for what they believe in.

If you are here to learn why do you not ask questions, just constantly say the same things? 

I'm not nearly as knowledge about Sinch and others who do this for a living,

He is consistently wrong for a living, which is worse than being consistently wrong as a side job. He is the main reason I am acting like a 'jerk' because anytime I asked legitimate questions on anything mining related, I was an idiot who didnt deserve a response.  But when I loved silver all of a sudden I was somebody who saw through the evil conspiracies of big banks.  Give me a break, that is not encouraging learning, that is another evil conspiracy, just in the opposite direction.

Valyooo, it's scary how you and I think alike sometimes.

If you are ever in NYC or Philly let me know, maybe we could have some fun.

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#24) On May 08, 2012 at 2:23 PM, Valyooo (99.45) wrote:

Teasing someone about their cap score or whether they call themself a guru on their PERSONAL blog is just being a jerk...

Not sure if you remember, but I had an old profile, BuffetsMentor.  I had a few blogs asking simple beginner questions, and everybody responded with "HOW ARE YOU ASKING SUCH STUPID QUESTIONS AND SIMULATENOUSLY CALLING YOURSELF BUFFETSMENTOR?". I never even got my questions responded to.  So instead of crying about it, I switched user names, and started kicking ass.

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#25) On May 08, 2012 at 2:25 PM, whereaminow (< 20) wrote:

Whoa.. what a thread....

David in Liberty

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#26) On May 08, 2012 at 2:26 PM, SN3165 (< 20) wrote:

Valyvoo, I'm still waiting for a response. You've seen my pitch, what's yours...

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#27) On May 08, 2012 at 2:30 PM, XMFSinchiruna (26.98) wrote:

SN, Thanks for posting your video. It's fun to place a face with a name after all this time.  :)

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#28) On May 08, 2012 at 2:40 PM, SN3165 (< 20) wrote:

No Problem, Sinch.

----

Franco-Nevada Reports First Quarter 2012 Financial Results and Increases Monthly Dividend

Revenue of $105.0 million , an increase of 44% year-over-year Net Income of $46.8 million , an increase of 121% year-over-year Adjusted Net Income(1) of $43.6 million , an increase of 97% year-over-year Monthly dividend increases 25% to $0.05 per share starting July 2012

I wish more companies paid a monthly dividend...

-------

Endeavour Silver Reports Record Adjusted Earnings for Q1, 2012, Up 35% to $19.6 Million Compared to Q1, 2011; Revenues Up 39% to $49.0 Million, Cash Flow Up 96% to $28.8 Million.*Realized silver price fell less than 1% to $33.10 per oz sold. **Metal held in inventory at quarter end included 941,875 oz silver and 4,156 oz gold  Long EXK. 

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#29) On May 08, 2012 at 2:41 PM, Valyooo (99.45) wrote:

Pitch on what, silver miners?

The only ones I like are SLW (barely), and sandstorm

Other than that I think they will keep sliding. You can't have a 12 year bull run and expect it to last forever.  In a recent survey, 37% of people said gold was the best investment, which was the #1 choice, which sounds like a top (remember RE being the best investment?).  Also stocks are cheap so money comes out of miners.  QE is running out.  Silver also trades more with the market than gold does, so market down = silver down.  Oil is high so costs for mining are high.


Trailing P/E: EXK- 36, AG- 15, SVM- 14, SLW- 17, CDE- 17, NEM- 66, GPL- 24

The SPY?- 14.

And silver prices are down this quarter.

So, if anything, these look expensive compared to market.

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#30) On May 08, 2012 at 2:47 PM, Valyooo (99.45) wrote:

Also, and I will say this so I don't get any ad-hom attacks...I am a believer in gold and silver as money, I don't like money printing, I don't like Bernanke, and I am a capitalist.

I just dont think miners are attractively priced, and I don't think silver or gold has any big moves up anymore for a long time, just steady price climbs in step with inflation.

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#31) On May 08, 2012 at 2:53 PM, SN3165 (< 20) wrote:

Thanks for the response. So I obviously disagree on a few points:

- "37 percent said gold was the best investment" (Not sure what survey this is and who the 37 percent was, but personally nobody I know owns gold. Not many, if any, of the middle class owns gold. Maybe a few wealthy individuals. Then why is gold rising in price? It's because China and India have been buying as well as other central banks from around the world. That's where the big demand is coming from. And central banks used to be net sellers...

- "Stocks are cheap so money comes out of miners" I obviously don't agree. ,"QE is running out." You mean Operation Twist, which ends in June. I believe we will see either another QE or some form of it sometime this year which is obviously very bullish for gold and silver. The unemployment rate in the US dropping by .01 percent is nothing to be excited about...

"Silver also trades more with the market than gold does." Since silver is part industrial metal it is true that it could underperform gold if we see a slowdown in the economy but since I believe more QE is on the way I don't believe that will happen.

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#32) On May 08, 2012 at 2:56 PM, SN3165 (< 20) wrote:

Sorry that's, .10 percent.

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#33) On May 08, 2012 at 3:09 PM, whereaminow (< 20) wrote:

I don't think silver or gold has any big moves up anymore for a long time, just steady price climbs in step with inflation.

I hope Val is right. I still want to buy a lot more.

Money printing has actually slowed a little bit over the last quarter. If you've been following Bernanke, the ride was been quite wild over the last two years, with very aggressive starts and stops.

In the first quarter of 2011, for example 13 week annualized M2 growth peaked over 20%. That's extremely high. However it is currently sitting at 6% annualized, which is lower than the market expects. This "slowdown" (sort of) is part of what is causing the faltering stock market.  The money spigot is a far better indicator of future stock prices than any analysis of the European circus.

Hard to say what happens next. But Bernanke is a Princeton guy and a friend of Krugman's. I just don't think he'll sit idly by while the economy tanks before Obama's re-election. I am guessing we'll get some stealth growth over the next few months, but no big announcements to accompany it.

Just a guess.

David in Liberty

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#34) On May 08, 2012 at 3:09 PM, Valyooo (99.45) wrote:

I know twist is about to Ed. When I said run out I mean no more QE. QE is good for stocks too though so why don't you like stocks?  And I thought central banks were the evil ones suppressing PM prices not buying?

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#35) On May 08, 2012 at 3:16 PM, SN3165 (< 20) wrote:

I like stocks.... silver and gold stocks. They are still stocks. If I had to buy one "regular" stock in RL it would probably be MCD or Altria. I used to own Akorn as well.

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#36) On May 08, 2012 at 3:19 PM, Valyooo (99.45) wrote:

David,

yes, me too.  I want some physical bars.  one day it will make another huge run, maybe in 15 years, and I want some physical for that.  plus, its cool.

What site do you use to track money supply?  IMO, it is the best indicator EVER for the overall market.

At least you understand that QE inflates price of everything, not just PM's.

Also, "David in Liberty", please tell me where Liberty is.  I would love to find it, instead of living in NYC where every morning I hear "dear passengers your bags are subject to random search by the police".

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#37) On May 08, 2012 at 3:53 PM, whereaminow (< 20) wrote:

Val,

With apologies to the blog author for a quick tangent..

I read EPJ every day (usually more than once) because Robert Wenzel watches the money supply more regularly than I can. Plus, I like his track record (calling this most recent stock rise as well as the earlier declines). He feels as we do, that money supply growth is the most dominant factor in stock prices. And he also mixes in enough corny stories to keep me coming back. =D

please tell me where Liberty is

Well that's something I've questioned quite a bit myself, and if you go back and read my Independence Day blogs from the last three years, you'll see that I spent a lot of time thinking about it.

For me, Liberty is a state of mind rather than a state of being. Of course, you always have to be aware of the lack of liberty in the real world and how that may affect you financially, health-wise, and for some people it could mean life or death. 

Liberty at the personal level is about knowing what you can control and what you cannot. Those things you can control (how hard you work, what you eat, how you treat people close to you, what you do with your money, who you support through charity, how you discuss politics with friends and strangers, what you study both professionally and philosophically) bring you closer to the state of mind of Liberty if you work at them. 

So this is slightly different than a simple statement of saying "live a good life", though I think it will at least move you in that direction anyway.  For example, I don't buy silver with my paycheck to "live a good life" or actually to keep up with inflation. I do it because I want to deprive the welfare/welfare state of the ability to eat away my savings through inflation. I want that liberty. That's just one example.

As you can see, for me, liberty is applying what I believe in my daily life to the best I can, and not worrying that I can't completely have ideal liberty in all things.

David in Liberty

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#38) On May 08, 2012 at 3:54 PM, Valyooo (99.45) wrote:

Let's say a hypothetical CAPS member started making picks on 11/27/2006 which is around 5.5 years ago.  It's even before the 2008-2009 golden PM buying opportunity happened!  And let us say in that span he underperformeed the market.  Would you consider him a guru?  If so, maybe I need to be in that field!

You can do as much complicated analysis as you want but wrong is wrong.

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#39) On May 08, 2012 at 4:17 PM, catoismymotor (< 20) wrote:

As you can see, for me, liberty is applying what I believe in my daily life to the best I can, and not worrying that I can't completely have ideal liberty in all things.

Or put another way...

"Happiness is when what you think, what you say, and what you do are in harmony." - Mahatma Gandhi

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#40) On May 08, 2012 at 4:27 PM, TheDumbMoney2 (99.00) wrote:

Wow, you know, love him or hate him, nobody can ever accuse Valyooo of pulling his punches.

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#41) On May 08, 2012 at 4:33 PM, Valyooo (99.45) wrote:

And as far as caps scores, your rating is meaningless, that just has to do with volume.  whether you out or underperform and your accuracy is more telling.  or you can have low accuracy if your score is high

@thedumbmoney2: Like I always say:  hi hater ;)

@cato,

or put another way, "I do what I want!"- Eric Cartman

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#42) On May 08, 2012 at 4:51 PM, whereaminow (< 20) wrote:

Heh, if only it were as easy as Cartman thinks...

David in Liberty

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#43) On May 08, 2012 at 7:12 PM, XMFSinchiruna (26.98) wrote:

And if a hypothetical CAPS member came to this community as a complete newbie to investing less than 2 years ago, and proceeded to leverage the kindness of strangers by incessantly asking them to lay out for them all the information they needed to begin to develop an understanding of a complex sector, and they repaid that valuable service with nothing but ceaselessly argumentative banter and limitless skepticism followed later by outright rudeness, would you consider him a gentleman?

http://caps.fool.com/Blogs/your-inside-track-to-the-next/506380

A hypothetical newbie CAPS member to another hypothetical CAPS member, on January 6, 2011: 

"What are good numbers for those ratios? And do you have any books/articles in mind for learning all of the terms I need to know and their importance?"

"A few smaller questions 1) How can you tell if they are overpaying for growth 2) Why is free cash flow important, don't some mines not mine until the commodity itself goes up? 3) How many quarters (what reports? 10-k's) do you look at "

"I am trying to learn like 10 different sectors at once so it is going to take me years before I finally understand all of this."

And if the remainder of the hypothetical CAPS members out there were to hypothetically seek a bit more context, they may wish to explore:

http://caps.fool.com/Blogs/compelling-pm-microcaps/565776

http://caps.fool.com/Blogs/timely-guidance-for-silver/582509

http://caps.fool.com/Blogs/gold-manipulation-currency/715085

http://caps.fool.com/Blogs/the-prettiest-dividend-in-the/718760

Apparently, a hypothetical CAPS member thought quite highly of another CAPS member's perspectives as recently as March 1, 2012:

"... it is something that has been boggling my mind for a while and is kind of annoying that I can't figure it out on my own, and you're the only person I trust with this stuff. For what it's worth, when clients come into the bank and tell me they are starting to learn about miners, I tell them to google you and read all of your blogs if they want to get up to speed."

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#44) On May 08, 2012 at 7:22 PM, XMFSinchiruna (26.98) wrote:

Oh yeah, and perhaps the very same hypothetical CAPS member would like to meet my other CAPS portfolio, silverminer:

http://caps.fool.com/player/silverminer.aspx

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#45) On May 08, 2012 at 7:36 PM, TheDumbMoney2 (99.00) wrote:

Zing!

Get a room, you two!

 

 

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#46) On May 08, 2012 at 10:06 PM, SN3165 (< 20) wrote:

 

"

Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX-V:SSL) announces that, further to its press release of May 4, 2012, the Company will give effect to the consolidation of its common shares ("Common Shares") on the basis of five (5) pre-consolidation Common Shares for each one (1) post-consolidation Common Share (the "Consolidation") at 12:01 a.m. tomorrow, being Wednesday, May 9, 2012. 

The 349,658,858 Common Shares issued and outstanding prior to the Consolidation have been consolidated to approximately 69,931,772 Common Shares. 

s. It is important to note that the Listed Warrants are not being consolidated. Following the Consolidation, each five (5) Listed Warrants of SSL.WT (expiring on April 23, 2014) will entitle the holder to purchase one post-consolidation Common Share at the adjusted total exercise price of US$3.00. Each five (5) Listed Warrants of SSL.WT.A (expiring on October 19, 2015) will entitle the holder to purchase one post-Consolidation Common Share at the adjusted total exercise price of US$5.00."

 


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#47) On May 08, 2012 at 10:09 PM, SN3165 (< 20) wrote:

Sandstorm Gold is still going to be a ten-bagger.... just have to figure out what price that will be at post-consolidation. Off the top of my head I believe it's a little over $30 a share (the new price tomorrow puts it at $8 a share - $1.60 x 5).

http://caps.fool.com/Blogs/a-sandstorm-is-coming/474992

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#48) On May 08, 2012 at 10:29 PM, Valyooo (99.45) wrote:

Sorry i came off so rude sn3165. I've been 4 floors underground for 3 weeks and I just moved and haven slept and I don't like the attitude I get on here when I try to have a discussion and I feel like this topic is a repeat. But I shouldn't have gotten so upset

 

Sinch...My lack of gentleman manners hasn't lost anybody the money your stock picks have recently, so I can live with that

 

Yeah I recommend people to read your analysis of what's going on in the silver industry. It's just that it's the only industry you pick (unless you want to mention your great dry bulk calls) and you refuse to admit your industry is not a good one right now. You use the same style of blind fervor you accuse people of the opposite views of using. Everytime GMX or myself asks a question that could potentially poke holes in what you say you get way too aggressive as start stating how much you do for the community. You never really particularly answered my questions that I had asked. And you do this for a living don't make it seem like you do us a favor. You're getting paid to pump...I see right through it. You're like an e-cult leader, currently playing the martyr. I came here as a noobie, and have been growing and learning. And you have been the same since I've been here it just took me a whole to realize who you really are.  

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#49) On May 08, 2012 at 10:57 PM, whereaminow (< 20) wrote:

I can empathize with Sinch. It's hard to deal with the constant elitist mentality of the other MF writers and bloggers that look down on anyone who questions the official and approved story. After a while, commentors start to run together and you forget who is asking legit questions and who never takes the time to actually study your opinion.

After all, after several years here, those who have a problem with Sinch (or myself, for that matter) should be at least able to summarize our general views in plain, simple language. It's not like either one of us has ever withheld our opinion on matters. 

Of course, that's not the case.

Sinch has taken heat here for linking to GATA and other sites that discuss manipulation in the PM market. Since it's not relevant to me, I don't spend any time on that. However, I have noted on more than one occasion that Sinch has statedly perfectly in plain language that he is not sure either way or what effect it might ultimately be having.  This bothers you?  Then the problem is with you, not Sinch.

The same voices say the same garbage (particularly Alex Dumortier, who has been wrong on PM's for over 4 years now and believes in the Glenn Beck/Priceline Conspiracy Theory to justify his own mistaken analysis) whenever he brings the topic up.

If you don't believe me, do a blog on Building 7. Don't even take a position on it, just present the work of others.

Then watch them descend on you like the "cool clique" in high school, as if they get to decide what is legitimate to discuss on a MF board.  In my eyes, they are pitiful, because only those who are scared won't take the time to analyze arguments that make them uncomfortable. 

Personally, I think you're way out of line. Every writer here has had a downturn at some point, as has nearly every CAPS player. Even if it weren't so, and suddenly Barker was the worst analyst in history, it doesn't justify your treatment.

I've always done my best to answer your questions. Sometimes I could and sometimes life intervened and had too much on my plate. Sinch probably feels that way times 100 when he is blogging here.

I would love to see the roles reversed. Let's ask Valyooo dozens of questions, watch him patiently answer them, and when he one day makes us unhappy, let's turn on him and treat him like he's worthless garbage. Hmmm, nah.  You're young. You might get it one day without all that, and I don't have the energy.

David in Liberty

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#50) On May 08, 2012 at 11:44 PM, Valyooo (99.45) wrote:

You don't have the energy...not the only time I heard that from you. I personally am grateful for both of you for opening my mind to A new way of thinking. But you too do what you hate. You hate when people blindly believe mainstream media. But when people don't agree with you, you either chant "USA!" or say you're busy or it's not worth it or you insult them. You insult everybody repeatedly that disagrees with you and in a recent blog I said that people may not see your side with that attitude to which you responded that you don't care if people "join the cause". So then what's the point? You're becoming what you despise

 

Thanks for opening my mind, but I'd rather continue to grow as a person than be involved in constant shouting matches where my intention is not to learn but rather to shout angrily  

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#51) On May 08, 2012 at 11:46 PM, ETFsRule (99.93) wrote:

"Sinch has taken heat here for linking to GATA and other sites that discuss manipulation in the PM market. Since it's not relevant to me, I don't spend any time on that. However, I have noted on more than one occasion that Sinch has statedly perfectly in plain language that he is not sure either way or what effect it might ultimately be having."

I disagree.

If you read the brief exchange that I had here with Mr Barker, I think you might be very disappointed in his response. He immediately became defensive and resorted to his first line of defense, which as we all know is to use insults and condescension, rather than actually responding to what the other person is trying to say.

To him, the idea of "manipulation" can ONLY mean "manipulation" in the way that HE interprets it (even though the price of gold has risen by an unprecedented amount, during the period of time when it was allegedly being "suppressed").

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#52) On May 09, 2012 at 12:20 AM, SN3165 (< 20) wrote:

Central banks can be net buyers and yet still suppress the price. Ever heard of the COMEX?

It suppresses the price artificially. The physical demand is there. They are naked shorting.  

Short (CONTRACTS OF 100 TROY OUNCES) 228,645 http://www.cftc.gov/dea/futures/other_sf.htm
India and China are the biggest buyers of gold and will probably remain. I think the paper games will eventually come to an end.

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#53) On May 09, 2012 at 12:27 AM, SN3165 (< 20) wrote:

"The unlikely buyers include the United States (75.5%), Germany (72.6%), Italy (72.2%), France (71%) and the Netherlands (61%). " http://www.cmi-gold-silver.com/blog/central-banks-buy-gold/

 

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#54) On May 09, 2012 at 9:42 AM, Valyooo (99.45) wrote:

Don't you think naked shorts are met even more heavily by leveraged buys?

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#55) On May 09, 2012 at 10:23 AM, XMFSinchiruna (26.98) wrote:

"And you do this for a living don't make it seem like you do us a favor."

A certain CAPS member seems confused about what it is I do for a living. Does anyone care to set him straight?

Blogging on CAPS is nowhere in my job description. I receive zero compensation for the many thousands of hours I have spent here trying to help people understand the markets for silver and gold.

I value my time, and I have learned to recognize when my time is ill-spent. During my first few years of my blogging here, just about every conceviable topic concerning gold was debated with many of the very same members who would seek to repeat the very same song and dance over and over and over again. It becomes incredibly tiresome after a while. The archives are there for all to reference, minus the troubling number of archival posts that were lost when former members like GoodVibe had their accounts deleted.

I've been down this road before. I took a similar verbal beating from disrespectful folks when the sector crashed in 2008. My long-term view of the underlying secular trend will prevail again here as it did before. Value prevails. Valyoo, I'm not so sure about.

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#56) On May 09, 2012 at 11:56 AM, SN3165 (< 20) wrote:

Primero Mining showing real strength today! Endeavor as well. Good stuff.

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#57) On May 09, 2012 at 12:57 PM, Valyooo (99.45) wrote:

Hey real clever line there with the value prevailing

I did not say blogging here is your job.  Your job is your analysis of the silver sector, and you receive attention from blogging, which furthers your career, especially when you link to your articles and beg people to read and comment on it.  You are doing nobody a favor, especially considering that in 5.5 years you STILL are net underperforming.  The point of my blogging is not to put anybody down for their score, since it doesn't really matter (even though you would think if you work for a company you would be good at their game) my point is that people act as though silver and gold prices are higher when they are not.  "its okay I will buy more now since it is worth more than the current market price".  But if anybody says that about stocks, they are viewed as idiots.  And people keep saying this is one of the best PM buying opportunities.  How is it that good of an opportunity after a 12 year run?  Makes no sense.

I read all of your old blogs BEFORE asking you a few simple questions which you couldn't answer.

Also, in that blog about GPL where you debated with GMX, he asked you the same question over and over and over.  It would have been MUCH simpler for you to answer him, than reply with many, many very long insults.  Why didn't you answer? Because your extreme bias would not allow you to see the downside in a mining stock, which is why I now consider you a stock pumper who happens to know a lot about mining operations, but nothing about investing.

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#58) On May 09, 2012 at 2:10 PM, XMFSinchiruna (26.98) wrote:

This is not a fair playing field. You are free to get as nasty as you want, while I have to uphold decorum.

I have said my peace.

SN, I am sorry that this all went down on your blog post.

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#59) On May 09, 2012 at 2:14 PM, richthegeek (< 20) wrote:

Valyooo - many (or probably most) of us who follow all of this are long term investors. We lurk here learning from those who study the markets well (Sinch and SN) in an attempt to gain from their insights (which, quite frankly, I don't have the time to reach on my own - I have a more than full-time job). I'm not the least concerned about the drop right now as I believe their analysis squares with what I think is likely to happen in the long term. You poke at their CAPs performance, but the error is that you are really looking at short term results on a long term strategy. No claims were made by either person about the performance over the short term, so I don't see how it is reasonable to bash them for it. Be patient; the market will prove them right in time.

 Rich

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#60) On May 09, 2012 at 2:59 PM, Valyooo (99.45) wrote:

@sinch: you have to hold decorum because what...because you work here right?

Doesn't seem to stop you from insulting those with opposite views on many other occassions though..

5.5 years is a short term result?  Especially when SN claimed 2008-2009 to be the golden opportunity?

You are doing exactly what I accused all PM investors of; the market will prove you right over time, even though they have always been wrong...always, as you can tell by their investment decisions.

I used to follow sinch for analysis too.  But, when you are trying to learn, do you REALLY go to a person who cannot look at anything but one side? What kind of learning is that?  Sinch's articles are read only by people who ALREADY agree with him so they can say to themselves "gee, even though I have been losing money for years on these ideas, this guy is saying I will be proven right over time, so I will prevail!".  What is the point of teaching people who already know something? 

it is just like a political debate...both sides attempt to shout louder than the other person, and neither of them has an open mind.

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#61) On May 09, 2012 at 4:12 PM, dragonLZ (99.32) wrote:

Valyooo, first of all, I think you are being too harsh on TMFSinchiruna. I think that saying stuff like "he lost people a lot of money" is a little bit too early right now. There is a very good chance lots of PM-investors are still holding onto the stocks they bought based on Sinch's recommendations, and very soon, if the sector's direction changes, they actually might have nice profits to show for it instead of losses.Having said that, I also don't agree with TMFSinch's reply "my long term view will prevail" as even people who bought BAC at $20 or $30 (when Sinch was saying buying BAC is a bad idea and later "bragged" about that call) can say the same thing.

People can hold onto their paper losses only for so long, and at some point (and unfortunately very often), paper losses become real losses (when people lose patience, get afraid or start doubting their calls, need money, find a better place for their money, etc.)

"My long term view" is a valid excuse only for so long, in my opinion.

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#62) On May 09, 2012 at 4:19 PM, Valyooo (99.45) wrote:

 I also don't agree with TMFSinch's reply "my long term view will prevail" as even people who bought BAC at $20 or $30 (when Sinch was saying buying BAC is a bad idea and later "bragged" about that call) can say the same thing

This sums up my main complaint

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#63) On May 09, 2012 at 4:32 PM, dragonLZ (99.32) wrote:

If you are ever in NYC or Philly let me know, maybe we could have some fun.

Valyooo, I might take you up on that offer, but please specify what is it you consider fun.  If your idea of fun is visiting PM-investors' clubs telling them gold might not hit $5,000 any time soon, don't count on me.   (Too many angry people there...)  

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#64) On May 09, 2012 at 4:37 PM, Valyooo (99.45) wrote:

I was thinking of pillaging, but I am also open to plundering.

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#65) On May 09, 2012 at 4:46 PM, dragonLZ (99.32) wrote:

Sounds like fun...

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#66) On May 09, 2012 at 5:30 PM, rhealth (21.86) wrote:

I would agree that Silver has reached likely reached a bottom, provided it closes above 2970 this week. If you check my cap scores they are very bad right now, but my actual portfolio is very different from what I have there. I use Caps as an experimental kind of thing. in any case i anticipate a silver and possibly a gold rally soon.

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#67) On May 09, 2012 at 6:03 PM, richthegeek (< 20) wrote:

Valyooo & DragonLZ - you're not the only ones who reads others opinions on the market. I do as often as I read Sinch's. I just come to different conclusions than you do and I tend to side with his analysis more often than not. I just don't care to be so vocal about it when I disagree. Nobody has a crystal ball, so everyone's opinion is just that (though some are more educated opinions than others).

And I don't buy that you and DragonLZ were simply asking questions - does the "guru" question really help your insight as to how others view the market? I don't see how. Please do ask questions, but ask them with intent to learn, not to put down. Otherwise you simply put people off and learn nothing.

 Valyooo - you said that you didn't believe that gold has any "big moves up for a long time". What do you base that on?

 Rich

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#68) On May 10, 2012 at 9:42 AM, whereaminow (< 20) wrote:

Val has become an angry little boy.

Is there anyone or anything else you'd like to lash out at today? 

Sometimes people just embarrass themselves, and that's what you have done here. I may get into mudfights with my opponents (and you can pretend that it's one sided all you like) but I never spit in the faces of my friends.

If you can't handle my criticism, peace brother.

David in Liberty

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#69) On May 10, 2012 at 10:47 AM, MerrittZachary (< 20) wrote:

just as Carrie said I am amazed that some people can make $9422 in 1 month on the internet. did you look at this site (Click on menu Home more information)  http://goo.gl/6FRlU

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#70) On May 10, 2012 at 11:00 AM, Valyooo (99.45) wrote:

Well If you wanted to chime in for no reason David than I don't see any reason why I wouldn't have said anything about you as well

 

Usa!

 USA! 

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#71) On May 10, 2012 at 1:19 PM, dragonLZ (99.32) wrote:

Re: #67

Valyooo & DragonLZ - you're not the only ones who reads others opinions on the market. I do as often as I read Sinch's. I just come to different conclusions than you do and I tend to side with his analysis more often than not.

 richthegeek, I don't think I ever said anything about Sinch's analysis. 

I only said that some of the bad calls he recently made might turn into good calls, but if they don't (in a year or so), or those stocks fall down even further, then he should admit he was wrong.

Actually, if you ask me, there is nothing wrong with admitting that one was wrong short-term (which all of us are all the time) even if one will be (or believes will be) right long-term.

 

And I don't buy that you and DragonLZ were simply asking questions - does the "guru" question really help your insight as to how others view the market? I don't see how. Please do ask questions, but ask them with intent to learn, not to put down. Otherwise you simply put people off and learn nothing.

I honestly feel bad for being so mean to SN (for bringing up his guru reference) as all of us can tell he's a very nice and good guy. However, seeing one calling himself a guru (when all of us can see he's quite new in this field) didn't sit too well with me.

I don't see why is it OK that now anyone can calls himself a guru or an expert without showing WHY he/she is a guru. Do you honsetly feel that's OK on his part or are you just "protecting" SN because he is a nice guy and has a similar view on PM's like you do? Please be honest.

Once again, I'm not asking you to justify my "jerkness" for asking the question, I'm just asking you how do you feel about people writing about themselves to be experts or gurus (when you can tell, and even they admit, they are just trying to leran).

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#72) On May 10, 2012 at 1:21 PM, dragonLZ (99.32) wrote:

...just trying to learn (correcting the last sentence from above).

p.s.

Btw., I never mentioned SN's score or accuracy for everyone who said I did.

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#73) On May 10, 2012 at 3:42 PM, dragonLZ (99.32) wrote:

 whereaminow (90.82) wrote:

I may get into mudfights with my opponents (and you can pretend that it's one sided all you like) but I never spit in the faces of my friends.

 

?????????????????????????????????????????????????

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#74) On May 10, 2012 at 3:48 PM, Starfirenv (< 20) wrote:

@#68-  DavidbeingDavid- C'mon now, "an angry little boy"? Isn't that a little harsh? After all, he's been out of school almost a year now AND has his first job. He knows some stuff- just look at his score! (hey, have you ck'ed out Chatsworth Park yet?).

Angry Guy- I think maybe an appology to SN3165 for absolutely trashing his "humble opinion" (which I happen to agree with) and turning this post into a pubescent pi$$y fit and all out attack, not only on him but other members as well. I mean, why here?  Would it have maybe been more prudent to do that on your own blog?  My guess is that your intolerence of others personalities and perspectives is not unique to this site but maybe still part of your growing up process? I can accept that and tolerate that but have zero interest beyond that in your opinions/conclusions (unlike others here). You want to "Plunder and Pillage" for fun? What, are you stuck on 12? 
  Since you seem to really enjoy this, here's your chance to attack me- I like muscle cars and motorcycles. Tell me what an idiot I am for not having that dough in the market. I just picked up some FGP. Want to trash that move? I like Divs too. I'm long Ag and not Au. Tell me how lame that is. I like fried chicken livers, browned and topped with Ranchero salsa with my Bloody Marys on Sun mornings sometimes. Tell me how gross that is. I like to spend my winters killing lionfish in the Carribean- just for fun and not to eat. Trash on that!  But not another Fool for offering an honest opinion after much DD. Maybe discover "Cognitive Dissonance"- I think that may be your beef. It's common.
  Or, maybe help keep things civil and respectful here. Like they say, there is a reason they have Menus in restaurants, son and if you see something you don't like, don't order it (or attack the Chef).  Best from The Silver State.

p.s.  @#56- How 'bout Aurcana- up ~7.8% on 5/9 comment date! (own it in RL).  Also, did you see Neilson's latest piece on Silver and Super-Bugs, the kind found in hospitals (Penicilin immune)? Seems like new uses are being found every day!
 
Disclosure:  long phyzz Ag (and some miners too) and USA and some other stuff. And, Strongman and David just being David.   :o).

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#75) On May 10, 2012 at 3:53 PM, dragonLZ (99.32) wrote:

Also, in that blog about GPL where you debated with GMX, he asked you the same question over and over and over. It would have been MUCH simpler for you to answer him, than reply with many, many very long insults. Why didn't you answer?

I remember this and was wondering about the same thing.

p.s.

Remember the guys on that blog who were saying things like: <<Having read that CEO and other officials of the company are saying we reject all allegations against are company..., I now feel much better about GPL and will buy more"?

Like CEO of Enron wasn't saying the same thing... (people are really funny sometimes)...

Not saying GPL won't make them rich one of these days, but "buying more" just because CEO says >>there is nothing wrong at this company<< doesn't seem like a good DD to me.   

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#76) On May 10, 2012 at 11:38 PM, whereaminow (< 20) wrote:

Val,

I had a good reason. TMFSinch is a friend.

You don't stick up for friends?  I know it's not as much fun as turning on them, but hey, I only like so much excitement in my life.

David in Liberty

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#77) On May 11, 2012 at 10:15 AM, Valyooo (99.45) wrote:

If you are considering me a "friend" and saying I disrespected you, then you should have stayed out of it and not bad-mouthed your "friend", calling me  young and stupid without me saying anything bad about you.  You are twisting things to make it seem like you're a martyr...haven't seen you do that before.

USA!

 

starfire: maybe if you actually read the whole blog, you would have noticed I did apologize to the blogger.  Instead of listing things about your life, of which I have no interest.

I have my own apartment, a good job, and I am doing well on this site, so go ahead and judge me for my age, you fossils clearly have not accomplished anything in your life if you feel the need to rant about me based on my age.  If you want to say to keep things to myself if I don't like them, why don't you do the same? You are pathetic.

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#78) On May 18, 2012 at 10:50 AM, JaysRage (88.79) wrote:

This has been an interesting read.    

I think there is a great deal to be learned from hearing a well-articulated argument that is different than my personal opinion of a position.   If there is one thing that I've learned the most, it is to put EXTREME value on a well-articulated (important distinction) analysis that is contrary to my own.   Since I know that I put a great deal of research into positions that I take, knowing the counter-point is valuable.  

If you didn't learn something about miners and mining companies by reading Sinchi posts, I'm astounded.  

If you got convinced to buy high by a well-articulated analysis that was wrong in the short-term and suffered losses, then I'm sorry to hear it.   I've put together some well-articulated and very wrong arguments on here myself, and suffered some losses on those securities.   I'm a better investor for it.   

Sinchi provides value whether you agree with him or not, because his analysis is thorough.   

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#79) On May 18, 2012 at 11:13 AM, LoweryDaniel (< 20) wrote:

just as Ellen said I am dazzled that a student can profit $8189 in one month on the internet. have you seen this website(Click on menu Home more information)  http://goo.gl/QSKdP

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