RE:Its beyond me why some watch price on daily basisValuations in gold equities are dirt cheap industry-wide vs. spot price. Many including Rick Rule were saying miners would have a robust 2018 in end 2017.
So far they have done very horrible except for December to January 2018 short recovery rally yet gold has held $ 1300 the past 4 months.
Only the top tier names have performed like KL and continue to do so.
Mining sector has become only "wanting and sticking" to the best of the best like KL.
Eventually there will need to be some sector rotation into mining stocks.
I agree KL valuation is nowhere near stretched, and if anything, remains significantly undervalued relative to future Earnings growth potential. I say target by end year $ 35.00 conservatively.
JIN
GoldSilverbug77 wrote: I am sure many would agree that this is one rare breed in the treacherous mining industry and its better to buy and sit tight until both of the points comes to pass a) valuations gets overstretched and b) gold price gets stretched.
Watching the fluctuation of the price on the daily basis is crazy. Best is to just to watch the development of the company and ignore the price fluctuations.
I have been just doing the same and ploughing back all the dividends when KL reaches 13-14$ levelsUSD. Overall its been an pleasure to be invested / speculating in this company for the past 4.5yrs.
p.s Havent sold a single share yet but will do so when the time eventually comes.
Cheers
GSB