Interesting Previsions From Bob HoyeGold Sector: Update On the Update Excerprt (highlights are from me):
The main thing is that Gold Stocks declined into our target time window, becoming oversold. And the Sector is in the bottoming process. This could setup an intermediate rally for the Sector within a multi-year bull market. That eventually could enjoy some discoveries which would include the “Juniors”. And there is the probability that some discoveries could inspire a global play. In so many words, the Sector can generate positive returns during bleak economic conditions. Operating costs declining relative to the bullion price improves profitability that it turn will drive earnings. Such that positioning is not a speculation based upon the old mantra of “Dollar-Down-Gold-Up”. But is an investment in a stream of rising earnings. A couple of quarters with the GDXJ outperforming the S&P could prompt equity fund managers into a strong sector.
Let's hope he is right and that management will position SGNL to become one of the "discoveries which could include the juniors"!
GLTA