Hi Meerkat and all,
“stocks are cheap for a reason - in WCN's case there are currently lots of reasons”
For a non-shareholder and professional broker that particular piece of information did not smack of a great deal of wisdom but thanks anyway.
I think whilst these bonanza drilling results are great and very encouraging clearly we have a great deal more work to do next year and we can’t forget that we remain in a very unloved sector of the market. However, I think there are a few things happening around us that may have a positive effect on Gold in the future. One of these things I feel is quite big is the Chinese currency being admitted to the USA / IMF SDR smoke and mirrors scheme. Where a country can print money out of fresh air and then exchange them for SDR’s and thus turning the currency printed out of fresh air into something of value.
Once again proving those famous words from Abraham Lincoln:
“You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”
Another view of the yuan / renminbi SDR story:
http://goldsilver.com/news/a-tweet-from-jim-rickard-s-on-china-s-gold/
China makes hay whilst the sun shines:
http://www.reuters.com/article/2015/11/30/china-gold-reserves-idUSL3N13P1XQ20151130#2G0dFQ6WDvr4PRrI.97
Cheers and very best regards: Andy
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