We invested in the right side of the mountain and market.Alpha, Stockaudit and Fordster,
as usually, you are all right!
1) Tud did great in the last week, especially if we consider the unhelpful POG. Let's appreciate that for a moment and let us also hope that we reached a bottom.
2) Waiting for the ressource should not tempt us to be nervous. Of course we are all wating for the ressource, but we are not desperate - not even close. Fordster, I never contradicted you here, but even if it comes one week later, we will be fine! The number of ounces in the ground won't change. We can afford to ignore all that noise. Patience (simply another word for being long) will be rewarded.
3) And yes, Alpha, the ressource will prove that Taylor is prentious and stupid grick. But let's not dignify him by talking too much about his pile of foolish assumptions. I think, we are above that.
4) POG is important, of course, and we agee one thing: it will go up. Two comments: i) It's important to me that this a assumptions that does not depend on political opinions. Stockaudit, Alpha, Countrygent and many others, insignificantly including me, agree on that. (One of the reason why I like this board, to put it midley.)
ii) It is not happening yet, and I am wondering why. Powerful groups are keeing the POG down. But not for long. We might see a twofold explosion: Tud: because of the resource and POG because of inflation (or fear of it).