Peter Palmedo bought 10 million in May @ 26c. Palmedo, and his Sun Valley gold investment fund, is one of the most respected gold investors globally, and has been for 20 years+.
The chance to follow Sun Valley into CVY at about half the cost they paid is impossible to resist. gold is now tipped to see $2500 an ounce in 2012.
if this trend continues quality goldies like CVY will have to get a whiplash re-rating soon as the market comes to terms with the effect of the rapid devaluation of paper money as the yanks print trillions more $USD to pay their debts.
CVY Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
