GOLD 0.51% $1,391.7 gold futures

I have looked at TRY and a high silver content in the dorey...

  1. 40,618 Posts.
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    I have looked at TRY and a high silver content in the dorey which reduces the cost of production from the silver credits. I am wondering if the image of Argentina has a bit of investor concerns because based on their fundamentals, the SP should not be struggling this way.

    The same goes for SLR but last looked at it, their cost was on the high side and the closure of Murchinson was a big headache with all that money spent on TO and goodwill evaporated.

    I take the view that bottom picking is rewarding at times but the GP/USD is not that stable at the moment. If it falls there is still levels to be tested and vice versa. The sector needs a sentiment change and the punters are very focused each month on the NFP. I take the wait and see approach and prefer to be capital preserving view rather than capital growth in this sector. So I prefer to pay for less value but the strongest in the sector.

    NCM comes to mind from a chart basis but I have already posted my view on this co.
 
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