TD's Motives ??
Don Durrett published a piece on SPA in Seekingalpha.com on 7/14/20 days before ES was known to have stepped into SPA. This is a more balanced piece worth noting.
As for his motives, I can only think of the following few:
1) schooled in the narrow way in looking at gold mining companies and the evaluation of gold mines?
2) a letter writer hoping to attract newbie investors of gold mining companies by the use of a tested method in down-trodding issues to lift oneself up as the one who knows best?
3) perhaps it is one of those classical "sour grape" cases?
4) in the like of the POTUS who used spoken words to confuse and mess things up with issues he knows nothing much, perhaps writer is hoping to use the written words, some borrowed charts and certain gimmicks to garner a following on things he has limited knowledge or biased on?
5) trying to divert attention to gold mining companies/stocks he is trying to promote?
6) genuinely believing that what he wrote is closer to the truth and that he is doing some public good?
Having formed the attitude over the years not to trust anyone but read everyoe, I have arrived at the conclusion the price of gold is the definative factor affecting the "fate" of gold mining stocks.
And in this matter, the macro happenings are of importance hence I take note of the US economy, its unpayable Federal debt, deficits, what the Fed did, negative real interest rates, the expressed ideas/advises of the likes of P. Lasonde, Thomas Kaplan, Ross Beatty, Doug Casey, E Sprott, Rick Rule, Frank Giustra, Dalio, Gunlach, Mark Mobius, Marin Ketusa, EB Tucker, Warren Buffet's buying into Barrick, Goldman Sachs, Bank of America, VanEck and many more. Perhaps after 898 articles/videos, one develops a feel and certain commitment.
Very recent remarks by:
1) P Lasonde said he expects a US$20,000 gold before the cycle ends
2) Ross Beatty said we are in the first few innings and Covid-19 will give gold an extra inning or two so do not sell too early with a 20% micky-mouse gain and missed the 400-500% gain. When the money tide rushes in, it will lift all boats with the words gold and silver written on them and 10, 20 baggars are common occurances.
3) Thomas Kaplan said we are in this multiyear long up wave irregardless who wins the 11/3/20 ellection
DO YOU BELIEVE THEM AND IF NOT, WHY NOT?