Hey Black, what catalysts do you see for Au going to threefive in ST? Many economists I read, say markets are broken and the only tool in the box is a printer, however a deflationary situation is also very believable. There is a lot of Hot money in Gold, and while that could increase exponentially it could also exit and take a lot of people with it.
I like emerging producers and explores with juicy projects as they have enough upside to profit in any market, with blue sky as a bonus. The downside is always there, but at least it is worth the risk and rarely a boring ride.
I still watch for hot sectors,(though I am settling down) and try and understand the Macro view.
Appreciate your thoughts, I never believe, I only ever suspect, and am always curious.
Trend is against Gold for the moment, though LT most of the fundamentals that drove it this far remain.
ORS Price at posting:
17.9¢ Sentiment: Buy Disclosure: Held