Consolidating for the next leg up.
Forward PE at 7 and its price below book value makes this very attractive.
as an entity sold 2 billion dollar worth of gold in the future market. I got scared and sold half my positions in this as the graph also has become parabolic. I will buy again on pullbacks as I like this company.
Glad I picked up more yesterday. This is great news for GPL. Wouldn't you become richer if you had that money in your hand today by buying more silver? The answer is yes. Of course GPL will even do better when they buy raw silver in need of mining. This has become a major player now before dollar becomes worthless.
Check out Jim Rickards - Days are numbered and Rob Kirby interviews to realize the depth of the bullishness.
Must watch this on youtube. Rob Kirby-Dollar Devaluation Clock About to Strike Midnight. Enjoy as it gives you a better idea where you should keep your money.
(Kitco News) - Gold has paused overnight but remains constructive. The weaker tone to oil and the dollar overnight took some of the edge off gold, but it appears more a consolidation than a reversal. The industrial metals continue to outperform with both platinum and silver gaining against the correlation to the gold price. Silver demand in the Far East continues to be aggressive and a possible move to a 70:1 ratio to gold may be in the cards. Gold will remain sensitive to the dollar and needs to establish above $1,265 to target the $1,300 level in the short term. Support exists at the $1,242 and then the $1,237 lines.
By Peter Hug, Kitco Metals Global Trading Director
It is at 2.05 now. PM bubble will be the biggest one and nobody is even looking here yet. Perhaps people will start buying next January and pay $25 for this and tell each other. At that time the bubble will just begin.
PLG way oversold for just what it has in the ground. They have infrastructure and are mining. They also know how to make money with the currency exchanges. I have been pleased with the pull back and accumulating. Plat is up $36 today.
This one does not require courage to buy. It is a buy and hold situation.