RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Analysts
i don't know where NGD will go, but gold is tough industry, NGD was beaten down way more than it should have, but that's what miners do, they over react to good or bad news, they are improving their situation. Having said that most miners trade about 4 x their earnings on average, equities like chipolties trades about 100 x its earning so if the market doesn't think that a bubble then i don't know what is, chipolties makes nachos all though good they shouldn't be trading 20 years into future earning, this is a normal in the US equity market right now, so yes that bubble will burst eventually. Gold, there are alot of private banks that made a killing over the last 8 years shorting it, JPM just got hit with 23 million dollar fine for spoffing gold, they dont care they made billions on the shorts so they wont let it go easy, even last night it was about to run about 1450 and some one came in and smashed it, they ve been hitting it all night, the good news their ammo is low and the hits do less and less,
https://www.cnbc.com/2018/11/06/ex-jp-morgan-trader-pleads-guilty-to-manipulating-metals-markets.html