Charlie Aitken's from www.underthesoutherncross.com.au provided an excellent commentary yesterday about the fundamental reasons why gold is going through a medium term re-rating.
They are very bullish about gold equities and see a secular bull market developing in gold for the medium term.
I can't cut and paste here (they are too smart to let the function slip through !), but interested HCer's can sign up to a free 14 day trial if they want to dig yesterday's piece out of the archives.
It makes me confident in EVG's future, and supports cy7's view that $1500oz is not out of the question.
Interesting note; in inflation adjusted terms gold would need to run to $2,250 before it made an all time inflation adjusted historical high.... we are a long way from that :-)
I am guessing that EVG will now be 'trapped' for a little while by the day-traders now that it has moved into the 1/2c increment range above 10c.
cheers John
EVG Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
