RMS take over, page-474

In gold I hold EMR and WGX but not that many. I am interested in buying some PNR and have had a look at SMI and MAU both on my watch list.

I also hold a little of KNB and BTR.

In silver/gold I hold a decent position in ASL and USL which seem undervalued and have very large exploration upside - see my posts for my comments.

In the last week 2 new gold funds opened up - Smorgon and L1 Capital and one other open its gold fund (Collins Street). The generalist investor funds are starting to take notice about gold and silver which is a good sign and I expect that interest to increase over 2025. If there is a recession later this year funds will go to gold and silver and precious metal stocks will be re-rated much higher - many of the junior stocks may double or even go up 3-4 times the current SP when that happens.

There has been some very interesting and very positive action in the North American gold ETF market in the last 6 weeks which I will do a post on in the next few days. If the action continues gold will go higher.