RE: RE: Silver +$1.00.Gold + 8, Market +170, YamanRoy, before you blow it with your timing, read Sandmarks insightful and accurate post (imo).
A lot of the gold producers are reporting on May 04. It is conceivable that the sustained and elevated price of bullion over the past quarter has elevated cash flow and earnings significantly..
Well there is another possibility..perhaps they foresaw the rapidly rising bullion and slowed sales to capitalize to a greater level in future.
In any event, K and YRI are at the same prices they were when bullion was much lower, and yet both companies have a significantly higher book value.
When everyone feels like selling...perhaps it is a buying op. and when everyone is buying, perhaps the part is soon over.