because Gundlach runs it I am surprised that the discount now is close to 15% - everyone just throwing in the towels so to speak. I'm not happy either and expect this to be weak for rest of year, and then next year we should c some positive increases in price (and narrowing of discount).
I don't c it - why would RGLD merger with a poorly run company like ABX? IMHO, ABX exists to benefit management almost exclusively, whereas, RGLD actually works to enhance shareholder value. Don't think this merger will ever happen, and if there are synergies to RGLD, pls list them cause I'm interested in learning more.
Good article on yahoo finance today by arthur berman
over supply can vanish quickly
just like prices when too hi earlier because of herd mentality, they hav been driven too low now for same emotional reasons
200 bil plus in capex projects hav been cancelled worldwide, folks laid off and the bearish list goes on and no signs of abatement,
when supply/balance equation reverses the upside will be violent
of course maybe there is a new low cost supply alternative kicking in that we r not aware of yet but the market is starting to price this in???