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overtheedge
Member since May 2012
680 commentaries - 6 followers

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Precious Metals Mining Company Managers: Your Job Includes Defending Your Industry

- Eric Dubin - Investor Intelligentsia

Why Mr Dubin, really now.

You use argumentum ad hominem rather than dispute my comment.

I am not compensated for my comments and I no longer have the need to feed my ego.
Ergo a slight bit of anonymity has been determined to be in my best interests.

I present what I perceive to be factual or what I think should be considered.
I contend that if you can't effectively argue either side of the debate, you need to sit down, shut up and learn something.
I would argue that as some of us age, we feel a personal need to help younglings avoid the screw-ups we forced upon ourselves.
You see sir, each of us is directly responsible for our personal and financial status.
Information, data or whatever each wants to call perceptional inputs must be evaluated for relativity, accuracy and usefulness.

Surely sir, you couldn't have presented such a comment trending towards ridicule in hopes of silencing me. Now would you have?
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Over the years and on every board I served, I was selected because I always called it as I saw it.
I don't stroke egos. Not even my own.
Many have commented on my willingness (a few have called it eagerness) to be socially abrasive.
Business is business. If you want social, go to a wine tasting.

As to the narrow-mindedness, business is a highly competitive environment. With narrow profit margins, any and all affiliations MUST be evaluated on a cost/benefit basis. I volunteered my affiliation with the AMA. Is that still too narrow? How many industry group affiliations would it take to escape the "narrow-mindedness" label?
In the gold mining industry, the rapid rise of gold prices in USD resulted in horrific cases of malinvestment, speculative silliness and what I would term corporate gluttony. Now those decisions have come back as albatrosses hanging on the necks of those who gorged themselves on unfounded optimism.
The industry needs time to clean house, re-evaluate deposits, and divest as needed. From my observation, GATA wants rapid Au/Ag price inflation to return.
It continues to be my opinion that the Latin saying, "cui bono" must always be applied; be it GATA, bitcoins or the hot tip, "Artful Dodger" in the 4th race.

Now the premise of, "... let the market judge YOU in full." Which market are you referring to?
I'm not selling anything here. When I sell my products, the market judges my product and pays me in a timely manner. Does that qualify?
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Let me leave you with one thought.
In a functioning capitalist system, even the lowly janitor has a fiduciary responsibility to the shareholders. Each employee must help maintain and/or increase the profit margin otherwise they will face eventual unemployment. The applicable terms are cost-containment and productivity. Fiduciary responsibility is almost a redundancy in itself.

Argumentum ad hominem. Really now.

Commented 3940 days ago

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Beginning of the headline :Chris Powell, the Secretary/Treasurer of the Gold Anti-Trust Action Committee (GATA) published a fascinating dispatch today. A GATA supporter wrote to a silver mining company’s investor relations officer to complain about apparent indifference to manipulation of the monetary metals markets. The response: Thanks for your email. We share your frustration about the silver price. However, we don’t attempt to take action against the bullion bankers for manipulation because 1) it is primarily the re... Read More

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