Thursday, November 13, 2014

Insider buy for BMNM

ORC has been doing well lately. BMNM has insider buy on Nov. 6th. Silver and gold looks bearish. Perhaps metals will go up when Euro crashes. Dollar will be strong for some years yet though.Car gas will go down over next 10 to 20 years. Mahendra predicts oil to go to $20 over long term. Im thinking this may not bode well for metals. I talked to Insider of BMNM and they are reinvesting all money they make into new mortgages- this will raise their book value and increase income in the future. They can write off old losses for taxes so they do not have to pay dividends for a while. This will help them grow their business. Bmnm owns some ORC so they get income from them as well plus get income to manage ORC. BMNM could increase in value substantially. I expect an extra dividend in December from ORC. Palladium should be safe to buy but hold off on gold and silver.

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