RE: RE: RE: U.S. deficit forecast to hit $1.5-tril
I am very on board with the "even if gold falls to $1000" view - which makes every one of these pullbacks where the juniors over-react a wonder. They don't seem to have moved much from some metric at $600/oz = $80-$100 reserve ounce value to $1000/oz = $150 or so. What happened to the other $350???
Time is coming when those ounces should be valued in the $250-$400 range, worst case. That's $2 billion for Esaase ... you do the math.
Now I have plunged more on AGG after looking at the map. Suspect something is up on trend to the SE.
But my KGN position a solid hold anywhere between $5 and $10 ... then we'll have to see what's cooking with the POG and I'd sure like to see some info on Assumura before I say buh-bye.
Hang in there BP - always interesting at least for me.
cg