Needs a good quarterly to stablise. PRU didn't and has been punished accordingly.
From a longer term perspective gold producers P/B now at historic lows averaging 1.2X versus LT average 3.7X. This is lower than GFC low (Oct 2008) of 1.9x and 1.8x in 2001 (when gold was below US$400). Reminds me what happened to REITs during GFC and is usually a reliable indicators that it will turn around.
SLR Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held