Thursday 8 September 2011
We don't see things as they are, we see them as we are. ~Anaïs Nin
Worth pondering, generally and in the context of what we think we know about markets.
Gold Stocks...fuel waiting for a spark
http://www.safehaven.com/article/21388/will-gold-equity-investors-strike-gold
Gold stocks are cheap by many measures. The article above sets out the story well. If not as cheap as 2001, then very close. Gold at $1,800 per ounce will send rivers of "fiat dollars" through the cashflow statement.
Are you listening to Mr Market? Or are you happy to buy bank stocks yielding a healthy 9% dividend, with tepid growth prospects?
The stocks have started a move already...those in the know have been buying into the sell-off. The many will come soon enough. Keep an eye on the 600 plus level on the HUI (US index).
Gold stocks are cheap by many measures. The article above sets out the story well. If not as cheap as 2001, then very close. Gold at $1,800 per ounce will send rivers of "fiat dollars" through the cashflow statement.
Are you listening to Mr Market? Or are you happy to buy bank stocks yielding a healthy 9% dividend, with tepid growth prospects?
The stocks have started a move already...those in the know have been buying into the sell-off. The many will come soon enough. Keep an eye on the 600 plus level on the HUI (US index).
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