It really is totally irrational. Imagine the current profits of the Australian miners at $A1,200. I note some gold stocks moved higher this afternoon. It'll all catch up at some time. Some juniors are absurdly undervalued and the market simply must adjust at some time. It'll probably happen in a lemming-like rush when gold has a spike in US dollars. If the rumour about defaults in supply contracts is true that could cause an almighty rush.
It really is totally irrational. Imagine the current profits of...
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