Reasonable valuation, page-4

When the sector goes bonkers you'll know. POG has risen $600/Oz in 12 months. The big producers of gold have all started lifting their earnings and profit margins, which is a good sign. Their SP have stayed relatively flat so far this year. The recent yen woes and recession fears in the US is starting to drag money out of the heavily overpriced tech sector. Interest rate cuts would fuel inflation and push gold and silver higher, so will a weaker US dollar while it errodes the cash sitting on the sidelines. Gold as the safe haven yet again.