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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: How and when will gold price factor into kRy?

How and when will gold price factor into kRy?

posted on Aug 16, 2008 08:29AM

A number of calculations have been done in regards to KRY Share price and the price of gold. When gold was last trading at 600 dollars our share price was around 5-6ish. However, during that time the market really dump the Juniors gold miners. So we may not really see the true appreciation in KRY until gold rebounds

Currently, somethings need to happen before gold rebounds. I think the current theory is once oil begins to stabilize it will trigger higher inflation. At this point there will be more pressure on the financial sector and rates on bonds will fall. Once bond rates fall gold should start to rebound. This in a nut shell is what I think need to occur for gold to take off. Anyone have a different Idea?

JMHO

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