The richest people are going into gold- Ray Dalio, Bill Gates and more recently our Ian Gandell bought 2 mil shares in his Alkane Resources (ALK) for $1m. ALK sp has been on a tear going to 80c now.
ALK is about $300+ mil in market cap, has $80+m in cash and bullion and makes about $20+ mil with gold interests.
It looks overbought but I am interested to know what the market sees in this stock other than Ian putting more of his chips into it.
I am just in for a toe dip and would like to see where this goes before including in Gold Watch.
