Beiträge von DrK

  • Woernies Grabbelkiste.

    @ Woernie :
    "Mal sehen...
    ...wann das 'hausseträchtige Doppeltief' endlich seine (schmerzlindernde) Wirkung zu entfalten beginnt. Na Dokterchen ? Ein weiter Weg nach Trollfjorddalen-Gulgo . "


    In der Tat, in der Tat. Habe aber schon mal gepackt.
    Hoffe, Du bist heil aus Kroatien zurück.


    Grüße ins Ländle.

  • POG und POS kacken ab - ES DARF GEJAMMERT WERDEN!

    "Charttechnischer Ausblick: Die zuletzt begonnene Gegenbewegung beim Goldpreis lässt bereits jetzt die notwendige Aufwärtsdynamik vermissen und deutet daher auf weitere Abgaben bis $1.265,00 und darunter zunächst bis $1.250,00 hin. Wird auch dieser Bereich durchbrochen, kann es zu einem weiteren Verkaufsimpuls bis $1.215,00 kommen. Darunter könnte ein Selloff sogar bis $1.155,00 führen."


    Godmode oder so lag gestern Nachmittag nicht schlecht.
    Mal schauen, ob die letzten beiden Ziele jetzt ins Spiel kommen.


    Desolat, desolat.
    Grüße.

  • Royalty Companies

    Immer u7nter der Voraussetzung das die Lieferpartner nicht ausfallen!!


    Nebenbei : Wann hat Sinclairs Royalty TNX je 1 Unze geliefert ??
    Vorsicht : Nibelungentreue hat sich in der Geschichte selten ausgezahlt...


    Grüße.

  • Börsenweisheiten

    " ... es kann nicht mehr lange daueren dann geht der Preis wieder hoch!"


    Das habe ich als Goldbug 1980 auch immer gedacht ...


    Grüße.

  • Allgemeine Sachlage bei Minenaktien

    Bob Mriarty auf 321gold.com in "Hochform" :


    "My favorite zinc project is in Canada, run by Canada Zinc. Country risk has become excessive. Ecuador just killed one of the best gold projects to come along since this gold cycle started, the Kinross project at Fruta del Norte. The government of Ecuador demanded a 70% windfall profits tax. So five years after Kinross spent over $1 billion buying Aurelian Resources, the project is dead. Good work, Ecuador, you sure showed those nasty Canadians how to put people to work.


    I’m an equal opportunity anarchist. I despise all governments equally. The governments of Ecuador, Peru, Chile and Argentina deserve kudos. They are dumber than bricks. How on earth did any of those fools get elected? It’s no wonder they are third world shit holes, their governments are either totally corrupt or just can’t stand the idea of ordinary people having high paying jobs. Throughout history, miners have been the highest paying jobs.


    Don’t get me started."


    Grüße.

  • Wheaton Precious Metals / WPM (TSX, NYSE)

    " Silver Wheaton Shares May Still Collapse


    Despite the U.S. Federal Reserve printing $85 billion a month and even more egregious printing in Japan, the carnage in the precious metals sector continues unabated. Shares made new lows last week, including royalty plays and former darlings Silver Wheaton (SLW), Royal Gold (RGLD) and Sandstorm (SAND).


    The bullish precious metal investor ought to have a core position in the royalty and streaming companies. The fantastic business model typically sees only a modest return on initial investments. As the years advance, however, the royalty (and especially streaming) companies take increasingly higher economics from the projects.
    Silver Wheaton operates as a streaming company. The company has agreements which, in exchange for an upfront payment, it has the right to purchase silver and gold production from 19 operating mines and four development projects. Silver Wheaton is the largest royalty and streaming company.


    Only eleven weeks ago shares had fallen to a new low at $28 and the suggestion was made Silver Wheaton Shares Could Face Distress. Last month management took the short term financing issue off the table. Even though Silver Wheaton is the premier precious metal play, investors have more reasons for concern as the share price is now near $20.


    The valuation of Silver Wheaton using a $20 silver price deck is quite rich. If an investor supposes a production run rate of 33.5 million ounces, cash costs of $4.50 an ounce and overhead of $40 million plus interest expense, then annualized free cash flow would be $450 million. With a market cap of $7.25 billion and enterprise value (market cap plus debt) of $8.3 billion, Silver Wheaton trades higher than an 18x multiple.


    Silver Wheaton's debt of $1.06 billion is over twice the cash flow. With the dividend consuming 20% of cash flow and capital commitments of $480 million, debt looks to be a permanent fixture on the balance sheet. Conservative investor modify valuations when debt is present to account for the financial risk, and Silver Wheaton shares may need to trade at a discount going forward.


    The debt also limits the company's ability for additional transactions. In the past, new deals have acted as a catalyst for the share price. Expect little activity in the years ahead. Instead, the audit by the Canadian Tax Authority lingers on.


    For 2013, management expects production of 33.5 million silver ounce equivalents with growth to about 53 million by 2017. Unfortunately, mining is a difficult business. Silver Wheaton operating partners have a long history of falling short of production expectations in a rising price market. With silver (SLV) and gold (GLD) prices weak among other metals, investors can assume production will fall significantly short of expectations. That's the nature of the business.


    With the price of silver at $20, a $5 change will move cash flow by 33%. The leverage goes both ways. At present, Silver Wheaton can not afford another move down in the silver price. Silver Wheaton shares are high risk and represent the silver price on steroids."


    Mene mene tekel upharsin ....


    Grüße.

  • Allgemeine Sachlage bei Minenaktien

    "Das ist der Nachteil, ... "


    Eben. Wenn ich meinen Gesamt-EK als definitiv rote Linie kenne, brauche ich den ganzen Freiläuferkram nicht. Wenn dieser gegen 0 geht, bin ich wieder bei meinem EK.
    Alles eine Frage eiserner Disziplin ... die ich allerdings selbst auch nicht immer habe.


    Grüße.

  • GOLD : Märkte und Informationen

    Henry Blodget auf CNBC : " Gold Prices Collapse As Everyone Remembers It’s Just Yellow Metal :


    The only thing that determines the price of gold is what someone is willing to pay for it.
    For a while, while gold prices were going nowhere but up, the next buyer was usually willing to pay a little more for it.
    Now, however, the spell has broken.
    The next buyer is justifiably worried that, if he or she buys gold, the price will just keep going down.
    And that, not surprisingly, is throwing cold water on the enthusiasm of the next buyer, who is increasingly (and wisely) discovering that gold is not some magical perfect investment, but, instead, just yellow metal."


    Gelb und "wisely". So, so.


    Grüße.

  • GOLD : Märkte und Informationen

    Jim Sinclair’s Commentary "heute":
    "If physical bullion Gold was freed from paper no-gold, gold, would trade at $50,000."


    Leute, nehmt es mir bitte nicht übel.
    Aber wie heißt es so schön bei E. Roth:
    "Es trüben sich beim Kranken,
    a) der Urin und b) die Gedanken ...."


    Nix für ungut.
    Grüße.