do u look at #s...free cash flow, earnings? You should. Doesn't matter where they were trading in 2007, today they are all overvalued and making no money at these metal prices. Im long many shares, but realistic.
anything is possible in markets so Im not foolish enough to say that it cannot go to 15...It can also go back to 4...u simply never know.
I agree that the bottom is in and PM's are the place to be...I have been following the sector for a VERY long time and know it well.
I have been well rewarded this year ( finally ) in my biggest holding AG, my second SSRI and PAAS as my third as am up 200% this year on these 3 combined as did have some leverage at play mostly in AG. I have removed all leverage now as did sell some AG at 10 ( cost 3.32 ).
All I am saying is all my miners are overvalued to where the price of gold/silver are presently so we need the metals to move.
I doubt very much its going up 50% in a few months. I actually predict a summer of up and down and hopefully not lower than 9. Gold needs to break 1300 for good for us to see further momentum. Stock is not cheap on valuations and free cash flow.