The CHASM between the Gold price & Sabre Gold Mines!🇺🇸 "...
CHARTS: There is a chasm between gold price and gold mining stock valuations..."
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The current ratio between the metal and gold stocks as represented by the NYSE Arca Gold Mining Index, is not that far off historic lows struck in 2015 and shows that gold stocks have been underperforming gold for more than a decade.
If the price of gold stays stable at today’s levels, gold stock valuations would have to more than double to bring it in line with the historical average since the early 1990s...."
https://www.mining.com/charts-there-is-a-chasm-between-gold-price-and-gold-mining-stock-valuations/
"... China and Russia, in particular, stepped up their efforts to ditch the U.S. dollar. Russia has been moving away from the greenback for some time, but efforts accelerated after Western sanctions were introduced following the invasion of Ukraine.
Russian President Vladimir Putin said he supports using the Chinese yuan for trade settlements between Russia, Asia, Africa, and Latin America.
The yuan is already the most traded currency in Russia, according to data compiled by Bloomberg. This happened only in February after the yuan surpassed the dollar in monthly trading volume for the first time.
This was topped by Russia's State Duma Deputy Chairman Alexander Babakov confirming that BRICS — Brazil, Russia, India, China and South Africa — are working on creating their own common currency. Babakov suggested that the new currency could be backed by a basket of commodities, including gold and other rare-earth elements.
Last week, Former Goldman Sachs chief economist Jim O'Neill called on the BRICS bloc to expand and challenge the dominance of the U.S. dollar.
O'Neill argued that the dollar's dominance destabilizes other nations' monetary policies, which is why BRICS should counter it...."
https://www.kitco.com/news/2023-04-05/De-dollarization-train-is-moving-at-full-speed-and-gold-is-the-first-to-react.html
When are Sabre Gold Mines shares going to POP?