Re: Gold Stocks Underperforming - Why? - WarrantReporter
in response to
by
posted on
Mar 02, 2008 07:41AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
BK ...
My general point is that in this time of a rapidly deteriorating dollar, the old rules may not apply. Folks are going to continue to want to get into commodities and into companies that will make them money or at least not lose them money.
And it's a good point. I heard a guy the other day while commenting on the US dollar that both oil and gold are now de facto currencies. We all know that oil is a way above fundamentals but it continues to trade at $100+. Commodities are a safe haven. And McFaulds is our port.
The world has indeed changed.
Snug