Now is the perfect time to buy real gold through an ETF or the physical
Once the crash happens (and it wont be long) then it will be a greatime to buy producers
LGL for instance because they have a huge resource and geo thermal power , Newcrest cause they have de hedged themselves or SGX because they have so many prospects and assuming KCN get the thai licenses sorted out they are already good value, TRY because they are pro's
Im sure we all have our favorites :)
but specs? by the time you sort out cash burn rates , cash in the bank, potential feasibility etc there is almost zero to consider. PRE, KAL, EXM maybe but they are all going to be cheaper later so why buy now?
Look how the last downturn hit them a few weeks back. What will a shock of x 2-3 times that magnitude do to them?
Coals forecast to be double the price this year, Iron Ore +60%
China needs food, oil, coal and iron ore to survive
All I am saying is that we are in the process of experiencing substantially changed market conditions and in order to make money we need to change our strategies
I like MAK as well ;)the world needs allot more agriculture to cope with the rising appetites of people and fuel (ethanol) , phosphate is key to these trends.
