Wow, I never thought this would go to near cash on balance sheet! Glad I dumped it, but I have to consider rebuying my position if this keeps getting more stupid. At least I made a crapload off the Extorre and sold for twice what Yamana paid.
There's so many cheap PM stocks that are actually decent you don't know where to start. This has turned into a 2008 style bottom. Just wow. The Ponzi continues.
Question: when rates are at zero, and junk bonds yield less than 5%, what happens to bond prices when interest rates begin creeping up? Do you put the money into stocks at all times high and 20+ times earnings and 2% yields? Or $22 silver bullion? Or gold seniors yielding 4-5%? Do you put it in banks so later FDIC will Cyprus your money? Or will the govt seize your IRAs and 401ks and convert them into Treasury instruments beforehand? Will their be advance warning? LOL