GREY:AVGCF - Post by User
Comment by
AdamJTon Dec 29, 2011 6:08pm
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Post# 19358107
RE: gold price slumps
RE: gold price slumps The question is will producers disconnect from POG? It definitely looks like more upside exists for producers next year than POG in general. Even if the analysts are right and POG is back to 2k or averages that price the upside on gold from here is like 35%? Whats the upside for producers with another $500 per ounce? Especially now given that most producers are valued at below a thousand an ounce roughly. If municipal bankruptcies in the US start increasing should add in good support for POG long term. All I know is more ounces going on our book soon making us even more undervalued. Hard to argue with increasing value let alone increasing income.
Anyone able to get any at the lows? Or are you having to chase a bit?