Peyto Exploration & Development Corp T.PEY

I initiated

[shenty46]

I initiated a substantial position in gold stocks today.

[houbahop]

You might have been better off buying copper producers. ;)

[shenty46]

Gold is the place to be if market crashes, or bond yields and interest rates rise, copper is already at almost decade high levels.

[houbahop]

Correlation between gold price and interest rates is close to zero. I other words, there is no long term relationship between price of gold and interest rates.

[SlickRick40]

Post a snapshot of purchases or you are continuing to bs these good people at PEY

[Yasch22]

This post has been removed in accordance with Community Policy

[itsalie]

hard to say, bitcoin has changed the gold dynamic.. I also considered gold(yamana comes to mind) but convinced myself there is so much more upside in oil that even if we do get a crash I'd still be up relative to an investment is gold. best of luck.. 

[shenty46]

Thanks for your best wishes, i was slightly late may be a week to enter into the gold sector, still i think it was a timely move.