RE:Big gains look likely Welcome to the club. I guess my only mistake is I could of having a crystal ball made a little money off of gold and waited untll now to take more. Rather I saw what you saw long ago and I actually thought the warrents at one point might get exercised but the cycle took a little pause.
Just listen to little tid bits of news. The Chinese took more oil 2 weeks ago than they ever have . This translates into a 12 million. Barrel or a 6 M barrel draw depending on what one you use.
I think oil is what will be exposed as the place to be necuxwe of the fundamentals for demand and supply are going to create higher oil prices. We are about to see larger draw downs and this will have to affect the price amd at some point the oil stocks get some love , like money market GiC the like.
So ? I think the warrents expiring , and the supply demand / issue , will be a issue amd we might get the perfect storm. Funny it says we trade at 0.4 times earnings. Earnings of 5 plus dollars a share.
midt be distorted. But regardless that is good. Lol.
good luck and I hope your right. I am long. See 5 dollars in this scenario. Easily.