Oil right now is roaring to new highs from tight inventories and OPEC says NO for additional supply to the Big consumer nations causing the spike.
US house sales fell 8% in last quarter which was twice as much as projected.
We all know what the Yankee green back is doing.
Is Gold a Bargain at present? Is it a Hedge? Could we call it a Hedge/Bargain?
GOLD is the supreme Dollar hedge because, it is the only Global Currency that has No Liability.
Therefore, it truly is PURE MONEY!
But hey, don't look at it as an Investment but as an INSURANCE which is shaping up as a Wonderful Investment as the US dollar continues to deteriorate.
Has ARU got lots of GOLD?
According to ARU's CEO Patrick, it has more than most realize with great great and maybe 40-60 years worth or, whatever.
SO, why isn't the stock price higher?
It seems the Market wants more clear evidence which means ARU needs many more Drill Results.
Secondly, the Market wants to be assured all is Well with the Ecuadorian Government.
However, if you ask Patrick, he will tell you," I don't think that is a problem as we have been working very closely with them in a Harmonious Atmosphere."
Now, when these aforementioned concerns are crystallized and the Prepondence of ARU's Deposit becomes a FOCUS to the World Investing communities... Take a deep breath..
Guess what will happen?