Hey MPG (BB)! You're a very wise guy! Wish I'd followed your advice and got into base metal miners! However base metal miners can't hold a candle to crypto miners at this point. They're going up 10 to 30% per day! Wish I'd gotten in earlier!
Cryptos are a perfect foil to the rotten Central Banks who are printing fiat to the moon. It's not just the US it's all of them! Gold has generally been related to relationship of the US dollar to other currencies. How can the other currencies attain superiority over the US $ when all the other countries are printing fiat at basically the same rate! How can gold rise in this type of atmosphere?
I'm holding on to KL until their earnings report which I think will be great! However if price of gold doesn't co-operate it's not going to make much of a difference in the stock price! Witness Kinross performance after their earnings release, which was decent. One more thing, if Tony doesn't come through with a reserve update, which has been promised as recently as the last conference call, it'll be another reason to sell!
I watched an interesting video about crypto which may be of interest to some who may be interested in switching their assets or part of them into that space. Crypto is the big fk you to the ceaseless money printing of the central Banks!
Watch the video in the above post!!