The kiss of gold

  1. 753 Posts.
    Yes SP, bring back the index.

    Now that gold has washed out most of the stale longs and reached US$300/oz, is it safe to go back in the water?

    You bet it is.

    With the professional market now at near balance, it may be worth accumulating those beaten down gold shares once more.

    But which ones?

    And for what rally?

    Well, RSG has been outperforming other gold stocks for a while now, and there is no reason as to why it shouldn't keep on ploading on.

    With approximeatly $12m gross cashflow per quarter, there is no better cashcow out there, or about $40-$48m per year OR twice the capitilzation, can anyone go wrong?

    Those that bought on the high did!!!

    If one wants a gold punt then I believe this is the stock.

    Though I still hold stock (at a substantially reduced position) I still trade the range but I still intent to sell a portion of these shares and add to my HRR position, ie do a switch.

    I indent to still hold RSG for that unexpected suprise.

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