notes on kentor from the gold symposium, page-73

Gold was down hard overnight the Europeans are all at each other again.

Perhaps we will see 10 cents again?

P.S. The common opinion at the Gold Symposium was that all gold stocks are undervalued based on current gold prices and are likely to remain so for a little while longer. A couple of catalysts that could propell stocks to catch up included:

1. When gold passes $2,000/oz as it will be a bit of a "light bulb" moment for mum and dad investors who realise they are missing out.
2. When the next set of annual results are released and the market sees some stocks are trading on mutiples of 1 - 3x.
3. When a handful of gold companies start paying dividends or giving cash back to shareholders (this was also mentioned by a Manager of one company at the Gold Symposium if they can not find any suitable acquisition targets).