Take a 53% Gain on Coeur Mining

Coeur delivered some decent numbers in their latest earnings report although their balance sheet is not in the best condition. Management has implemented a hedge that will lock in prices to fund a mining expansion. CDE shareholders will only benefit from about half of growth in revenue if gold prices keep rallying. With a recent strong rally combined with its hedging policy, lets take gains on this position now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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