Goldtent TA Paradise

GG is close to breaking down; NEM is attempting backtest…

1. Graddhy says:

   January 14, 2016 - 4:41 am at 4:41 am

   Like the chart on NEM, good stuff.

2. Cashcosts says:

   January 14, 2016 - 7:41 am at 7:41 am

   Goldcorp is garbage. It is the worst of all the majors and it is run by guys who have done nothing but TAKE TAKE TAKE from the company since McEwen left. The book values of their assets are too high, they cannot build a mine on time nor on budget, they can never ever hit production guidance, they sweep issues under the rug as long as legally possible… Eleanore is a disaster, Cerro Negro was a disaster to build, their JV with Barrick in the Dominican is having machinery issues which will affect the current quarterly report. Watch a presentation by Management and then compare that to a presentation by Alnico Eagle or Newmont and it is plain to see that Goldcorp is all smoke and mirrors. Junk.

   To put things in perspective, in my models, to bring GG to a comparable valuation of Newmont, the stock is a 7$ stock. In my mind, GG is the single biggest reason NOT to own the GDX.

3. EagleSeagle says:

   January 14, 2016 - 8:13 am at 8:13 am

   Thanks Cashcosts, now, I do remember you mentioning earlier that very important fact.

   • Cashcosts says:

     January 14, 2016 - 10:39 am at 10:39 am

     GG – there it goes.