I certainly believe the boom times we have seen in the major ASX Gold producers will feed down to the much unloved micro-cap Gold developers/explorers and new producers ..
Might be happening.. BLK currently up 9.1% for the day/ +20% for the last 5 trading days, no news to drive this gain that i'm aware of. (So i'm only down 45% now on the heads.. and 94% on the oppies, might even make it back to even on the heads before easter )
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Heartening to hear Sam Zell buying gold, although his reasoning is a supply issue with companies buying up each other rather than exploring so an expected slowdown in supply. My reason for buying is an expected end of the financial world as we know it which is more in line with Alan Greenspan, gold is money and it may hold its value better if people ever lose faith in paper dollars. Watched the "Big Short" over the weekend. Being right too early is the same as being wrong.
Heartening to hear Sam Zell buying gold, although his reasoning is a supply issue with companies buying up each other rather than exploring so an expected slowdown in supply. My reason for buying is an expected end of the financial world as we know it which is more in line with Alan Greenspan, gold is money and it may hold its value better if people ever lose faith in paper dollars. Watched the "Big Short" over the weekend. Being right too early is the same as being wrong.
Yes I've pretty much never stopped holding Gold focus miners in my portfolio since I firat started invested my own funds in the market early 2000's ... so have had many years of being wrong recently but finally last year the interest has finally been starting to come back ..IMHO next several years will be very good ... holding CHN,IRC,EAR,WWI currently
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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