GOLD

  1. 753 Posts.
    One good thing that gold bulls would be happy about is that open interest is dropping while the price of gold is stagnant at about $320/oz.

    The horrible thing is that gold shares, in the US of A are taking a beating despite gold holding the $320/oz level.

    This is testimony that gold shares were overvalued against the yellow metal and that is why they are falling.

    If open interest in the yellow metal keeps on dropping without going much below $320/oz then it could eventually be a bullish sign.

    Though I sold out of RSG the day before they went ex-capital return, I have done some number crunching and to my suprise they trade below what I consider to be their NPV, so I bought some in the mid 70s.

    Does any one know of any stockbroker researching RSG and what they have as NPV?

    Arhidas
 
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