RE:Goldman SachsI argee with that GS knows little about the future of gold prices, I suspect they are talking their book, they want gold to fall so they can buy lots and lots of gold.
in a negative rate environment gold is a safe and secure place to park some money.
you are also right, the world investment landscape is getting very dnagerous yet another reason to buy some gold.
from a company standpoint, YRI has cleaned up it's books, retired debt and has some very good properties and is lowering costs and the low CND only helps.
I'm not saying YRI is going to keep climbing but they are good managers, and they are planning on another 300 or so more debt reduction in 2016/17 which will really clean up the books.
the Brio gold division now with the new addition will become a stand alone godl company with their own man agement team and if and when gold prices really start to move or if they attract a fair offer I'm pretty sure YRI will monitize Brio, but until they higher average gold prices and more gold equals more profits.
TRI might be getting close to upper end, but I think they can reah 5 plus in a positive gold price environment and then maybe fall back on profit taking.
longer term they have good growth projects and they are keeping costs down, so they can squeeze more CF per ounce.
GS is just playing the market for chumps but DYODD