RE:I am thinking the day will come soon whenbraindeadoldguy wrote: The price of gold stocks, especially producers, will separate and be uncoupled from the price of gold in terms of market reactions. We are even witnessing today, despite gold's weakness, and firming in prices. They are basically holding up well. Yes, we have all taken a large hit over the last few months, but mining companies are reporting record profits and earnings as well. Have you noticed that?
Miners are making money hand over fist, and they will carry this small market forward I believe, based on earnings, not the price of gold. If central banks want control the price of gold as they have for a very long time, then that is a completely different market.
I am hopeful for such a resolution by showing a resounding breakout to the upside from all producers.
B-dog
Only abx and fnv reported decent numbers. The rest has been a bit of a shiitshow.
I guess thats why he calls himself braindead.
Bucco