Corporate Insiders Suddenly Freak-Out Bearish

Despite breath-taking hype on Wall Street and President Obama’s budget that assumed economic growth of a glorious 3.1%, corporate executives and directors – the ultimate corporate insiders – are quietly dumping shares in their companies in bouts of extreme bearishness, and at the same rate as they did in the summer of 2007, just before the last crash, which they’d timed impeccably.

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One comment on “Corporate Insiders Suddenly Freak-Out Bearish
  1. Silver 1000$ says:

    Die Russen müssen nur ihre $-Reserven in Silber umtauschen. 8-)

    Silver Eagle Sales Steal The Show While Top Silver Miners Lose Money
    http://srsroccoreport.com/silver-eagles-steal-the-show-while-top-silver-miners-lose-money/silver-eagles-steal-the-show-while-top-silver-miners-lose-money/

    In February, 2013, investors purchased 3,368,500 Silver Eagles and 80,500 oz of Gold Eagles. Thus, we had a Silver/Gold Eagle ratio of 42 to 1. This year, investors purchased 3,750,000 Silver Eagles compared to 31,000 oz of Gold Eagles. This is a staggering 121 to 1 ratio !

    Top Primary Silver Miners Continue To Lose Money

    The fourth quarter results are out from most of the primary silver miners and again… we see continued losses. Pan American Silver, Coeur and Hecla all lost fiat currency in Q4 2013:

    Q4 2013 Pan American Silver

    Silver Produced = 6.8 million oz

    Cash Cost oz = $10.81

    Adjusted Loss = $84.3 million

    Q4 2013 Coeur Mining

    Silver Produced = 4.3 million oz

    Cash Cost oz = $9.84

    Adjusted Loss = $25.1 million

    Q4 2013 Hecla Mining

    Silver Produced = 2.5 million oz

    Cash Cost oz = $7.33

    Net Income Loss = $3.0 million

    These top three primary silver miners basically gave away 13.6 million oz of silver for free (actually less than free as they lost money). If we make a simple calculation, the average loss for this group was $8.26 an ounce:

    $112.4 million losses / 13.6 million oz = -$8.26 oz

    We see the top primary silver miners are still losing money at an average realized price of silver in Q4 at $20.32 an ounce.

    Der Silber preis müsste demnach über 30$ liegen. Dann kommen noch Raffinierungskosten, Prägekosten und Steuern dazu. Die Schätzungen liegen dann zwischen 36$ und 38$ die Unze.
    Was kann ein Bänker daran nicht verstehen ???
    Angeblich können sie die Preise für Gold und Silber nicht ermitteln.
    Was die staatlichen $-Reserven angeht, würde sich wahrscheinlich jedes Land der Erde viel wohler fühlen mit ein Haufen Silber als die $-Noten. Dann würde der Preis wieder ganz anders aussehen. Ich weiss immer noch nicht, worauf die Affen warten ?
    An der Realität kommt keiner vorbei. Am Marktpreis auch nicht. Die aktuellen Preise gleichen fast einem Diebstahl. ;-)

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