From an article today onL Livewire. Van Eck are saying Gold...

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calmbeforestorm

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30/04/24

13:17

Post #: 73582928
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Originally posted by Bullelk: ↑

The disparity between the POG and POS to the miners continues to widen. About three years ago I started stacking a bit of physical. One ounce bars from Perth Mint and Ainslie were going for $2,500. Now A.U. $3,780. Miners coming from the low bottoms are still ridiculously cheap when you look at that increase. The western population is asleep at the wheel. There are huge financial shifts behind the rise in P/M prices. And apparently a huge transfer of those metals to eastern countries.
Last night in the states, Hecla mining, the oldest listed silver miner in the U.S., which also produces gold, with high reserves and production, recent high quality acquisitions in Canada, and has completed turning the corner after production losses from mine closures due to fires, dropped 1.29 %. The price of silver was up 3.54 % at U.S. $28.87. This apathy is probably attributable to general stock market jitters. But in the case of quality miners, and developers with quality deposits, it all represents amazing buying opportunity from my perspective.
I keep buying Spartan. I keep getting lucky here! What a difference great management and superb geologists have made! And what a fascinating deposit with ever increasing potential
Have you listened to Andy Schectman Calm? Arcadia Economics is an interesting group on you tube.

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From an article today onL Livewire. Van Eck are saying Gold stocks are their pick and to reduce exposure to banks while mid caps are set to out perform. They reckon gold stocks are trading at half fair value.

I hope they are right. Have seen similar views from other asset managers and experts.

SPR Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

2 Great analysis

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