rms 14.5 cents fair value, page-58

David, I just jumped on this thread, and after reading your comments, its my view that you have been correct about RMS share price direction, but your view about what drives the gold price is not really balanced.

The 2 most significant drivers of gold are negative real interest rates and increases in global monetary supply.

Neither of these 2 factors are diminishing.

A market deleveraging event may drop gold temporarily as it did in the GFC, but current literature on total gold mining costs indicate that a gold price around 1000 would see a third of gold mines close their doors.

Energy costs are much higher than during the GFC, and ore grades continue to fall.

As bearish as you might be on RMS, allowing that sentiment to flow into your assessment of gold going forward could be a mistake.

Take a look at the smart money positions in the gold COT reports, big money is on the long side.

And as for your comment about Soros being bearish gold.
That is incorrect.

Soros is actually extremely bullish on gold, as he increased his holdings of junior gold shares, which is as bullish gold as you can be.