RE: RE: RE: Held my Nose... "I would say that the issues over the last year with a number of other companies working in the arctic has made investors a little weary."
SBB's price has little to do with "arctic" issues. The whole gold sector is well past rediculous valuations right now - worse than in 2008. Face it, the sheeple have set themselves up for the mother of all losses in the future. They have no idea as to what is coming. The majority of them are all avoiding the best places to be, and have instead gone out of their way to go to all the worst places to be. Expect bond holders and those in cash to take a huge beating in the future - perhaps a complete wipe out. You will see. And the moment the sheeple's "house" starts to crumble, they will be absolutely helpless to do anything about it except watch it completely collapse. There will be virtually zero opportunity to salvage their situation. Coulda, woulda, shoulda will be all they will have.
For those who have been here for a while... do you remember those rediculous speculations that the whole world was going to suffer a massive deflationary collapse? What happened? Where is that collapse??? Apparently the western (and a few other) central banks have ensured this won't happen. Now what are these same fools saying??? The very ones that were wrong? They are saying that things will return to "normal" and with that, there is no need for gold? Apparently, the central banks have saved us all, and everything will be fine going forward. Yet this will prove false too - you can bet on it. Then what will the fools say after that? Maybe a better question - how many of these fools will have any equity left to say what to do with it?