The markets have a habit of teaching us things.
Who would have thought that gold could be at $1,650 and gold stocks would have fallen over 30% in the last 9 months. Many measures say they are cheap as they have been for a decade.
Cashflows are better, but everyone hates them. Their time is coming. But beware the liars as Charles Dickens called the miners.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/22_John_Hathaway_-_8_Key_Charts,_Gold,_Fed_%26_The_Big_Picture.html
Meanwhile the Central Banks are buyers of the barbarous relic...
Mexico added 16.8 metric tons of gold valued at about $906.4 million to its reserves in March as nations including Turkey, Russia and Kazakhstan increased their holdings of the metal, International Monetary Fund data show.
http://www.bloomberg.com/news/2012-04-24/mexico-raised-gold-reserves-in-march-imf-data-shows.html
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