might have a short term bounce but gold will have to go to $600 for sure now for LHG to come back to $2.50. Massive P/E here aswell. What's up with these gold stocks that have these massive P/E's? Their profits are hardly great yet they are valued at ridiculous prices.
So much speculation, so much hope that gold is going to $1000+.
People thought the same in when gold hit record highs around 1980. Gold is going to $1000, $2000, $5000, $10,000. Dreamers and analysts joined the bandwagon only to get smashed.
I see the same dreamers and analysts on the forum now. Where is that poster who thinks gold is going to $3000?
LHG
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