RE: Kinross at $400/oz of gold =$1.57 gross epsWell my calculations were really quick on the back of the envoelope stuff...and you'll note it did not factor in the share consolidation which will make the /share numbers better and will keep the float relatively tight
Well the cost figures I got from the financial reports themselves and taking the conservative route..applied those.
From what I have seen there is no problems with K management...Ithink they have done pretty good...so if they say they can make cost cuts one cannot dismiss that out of hand
Long term I don't really disagree with you...indeed even short term I certainly see a spike to 340 within the realm of possibility...if I appear inordinately bearish...then much of that is in reaction to a lot of the gold commentary put out by the more commited pundits
as I was telling itm yesterday I have to be careful not to let it keep me from getting on board if the things I watch start changing in favour of going long in gold
as far as the broader markets....well everything right now...they are very very tricky
in my mind I keep expecting the equities to do a retest, mind you I have been expecting it for a while now ...I believe the bottoms will hold and then we will get a true "bear market rally" which of course will be quite impressive and very tradable but in the end will have the floor drop out
it is just prior to that point that I am hoping that the gold sector will provide better entry points for sustainable rallies that can be traded or simply held vice trying to time in and out of spikes which may or may not come