oops!, page-71

Hi there Sargent

My sense is that the price of gold is "de-risking", ie the volatility is dropping.

This isn't necessarily good for holders of physical gold or ETF shares, but it should be good for gold producers. If the companies you are buying are profitable with the PoG in this range (I don't expect it to move far in the medium term) their margins should become more stable and investors more comfortable and I would expect a pick up in the prices.

I suspect that there are better risk/reward investments out there, but I understand that people stick to things they are comfortable with.

Good luck