SPR spartan resources limited

Gold and macro environment, page-1154

  1. 3,441 Posts.
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    gold stocks selling off today is a clear example of the lack of patience, and general news driven moves of the market. POG is sitting at ridiculously profitable levels for goldies and they havent even begun to reflect that in earnings. divergence is still extreme and today will just be a blip in their strong performance moving ahead, regardless of what gold actually does.
    the amount of torque and leverage producers get off the gold price vs their AISC faaaaar outweighs a small, expected, and healthy retrace in POG. just imho
 
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