Special Alert – Mother of All Headfakes
Today’s nonsensical U/E claims number (continuous govt report lying) is providing a fantastic buying opportunity (possibly the last) for silver. Instead of looking at the govt. provided economic statistics from “Lying Joe Biden” look at all the evidence from non govt. independent sources. Both yesterday’s ADP job number and today’s Challenger Report on job cuts are clearly showing the economy is slowing. Today one can buy physical silver and my favorite equity play Coeur Mining before the markets wake up and realize gold and silver should be screaming higher, not falling for this BS. Thank goodness the markets are closed tomorrow so we don’t have to go through another episode with the BS jobs report that once again will be fiction. It won’t be more than another day or two before the metals get back on track for their coming historic run. Last month when I said to buy CDE at 3, I wasn’t sure which of the two, it or Hecla(HL) were the better buy. I subsequently said I thought they would both get takeover bids eventually and still do. CDE is now my preferred play. At these levels it is a steal.
Since this is a recommended stock could you tell us what managements plan is to begin limiting dilutive stock issuance. In fact dilution of shareholders has always been the means of financing operations and their own lifestyles with this company. In the below chart note the tremendous growth in volume over the years. Why does one think this is? b/c of the tremendous growth of shares outstanding. My recommendation is to avoid this lifestyle company.
https://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=CDE&uf=0&type=2&size=4&sid=3781743&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=20&rand=1746812264&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=635&width=1045&mocktick=1
What you state is true if one were planning to hold this for years. It is strictly a cyclical trade(as seen by the massive moves everytime silver is in a bull market). I am only looking for a 3,4 or 5x over the next few months.