how the hell can people say the gold market is corrupt when we have had a ten bull market? 6 months down to Fibonacci levels and people are calling it corrupt. Markets have natural cycles of bull runs and corrective phases. POG is as close to being finished of its corrective phase. If you don't believe me, watch this video, the key points being around 14.18 in the video.
the share price halved because of the POG making a corrective phase of a bull market. Anyone buying the stock price now is buying RRL at a substantial discount to its intrinsic value when compared to the past 4 years. It's cheaper on all levels when considering the diminishing hedge book, life of mine and earnings.
It is important to note that inflation is out of control. In the last couple of years, money supply in the US has increased 25%. Prices ARE ONLY AN INDICATOR OF INFLATION. PRICES ARE NOT INFLATION. The expansion of money supply is inflation. Inflation means expansion of a body. Prices move up and down but the body doesn't expand. But money supply has. Freak yourselves out and watch the first 5 minutes of this video of who is considered the greatest investor of all time, who has never had a negative year in the last 40. The first 5 minutes reconciles the madness.
This gold market is crippled by bear market determination and the revitalization of bulls. This two week phase is an intense consolidation phase and base formation to spring higher. It is vitally important to not miss the bigger picture unfolding. its best to invest when its lonely and sell when its crowded.
RRL is unloved at the moment - but its cautious approach will result in fanfare..
There are too many catalysts in the stock for the market to ignore for much longer.
RRL Price at posting:
$3.08 Sentiment: Buy Disclosure: Held
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