tnx unapreciated gold shareJust offering an opinion here:
Assuming gold touches/goes over $1000 in the next year or two, and the gold short/derivative structure explodes. There won't be alot of senior gold producers in the current form. Some of the major investment pools coming into gold now and in next few years are: predator hedge funds, who go with momentum and buy anything, establishment gold funds and retail, who buy anything that seems good on cash flow and earnings view,( not really arrived in gold market yet) and the group of money managers who undertand gold and the whole industry very well. It is this last group who are buying TNX now and will continue to do so. Retail will come around a bit later and I do see this in $14 to $15 range later on. MHO