The FOMC pledged today to keep interest rates low until at least mid-2015 and will begin purchasing and additional $45-$49 billion a month in mortgage backed securities. This is bad news for savers and bond holders but good news for housing and great news for precious metals investors. Additional money printing will lead to further devaluation of the dollar and an inverse rise in the metals. I expect silver to outperform gold over the next six to eight months and the junior miners like GPL who have under performed should finally start to move to the upside.
"under performed and will continue to?Until costs come down to industry average,until accurate estimates are given on oz`s to be produced, still waiting for any drilling results and still don`t get why exk has managed to move thier sp up and gpl has not .The question, is gpl just producing a pay check for the employees and that`s all?YES I`m long and still waiting