well, if pog dipped below $1k it certainly would be a different game. I think we are smart enough to survive but we sure would be running the bus. differently.
I can't really see it happening though at least in the medium term.
Of course to fml and other goldies (particularly producers) when gold does top - and I don't see that happening for a while yet unless history is telling us nothing (eg. no mania at all yet - and this is the biggest bull run that I know of) - then what should happen is that gold will top and then descend -------------- and THEN the fml's will run madly - just like every other time.
Don't ask me why - I haven't got a clue why, but that's the way it happens.
Will we be hedged by then? No idea - Will our sp streak north then? I should think so.
When? ---------- god knows.
All I know is that the world is in the poo and will stay there for quite a while - probably a decade at least.
Is this environ ++ for physical gold? Yes it is.
Are we a descent size producer right now?
Yes we are.
I am in fml for 2 things - insurance and I think that we have great assets and a great crew.
Where else could I buy insurance like that? Buggered if I know.
And the big deal for me is that I know the crew have our interests at heart. If there are some changes in crew at the top - then I will reevaluate.
Looking forward to this afternoon.
have a good one
Pinto
FML Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
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