It’s all about CPI expectations. If it comes in less/more than expected POG will rise/fall. Not sure what POG will do if CPI is in line with expectations. I don’t really care what the CPI is for 1 month as the tend is clearly down and even if it’s above expectations I will be extremely surprised if it’s not significantly lower in 6 months in which case PIG will likely be significantly higher than today.
If POG dips lower due to a higher than expected CPI then SPR will likely fall due to a lower POG - in this situation it will be a better time to buy SPR before more assay results are released. Remember that the NN holes yet to be released had visible gold.
It’s all about CPI expectations. If it comes in less/more than...
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Last
$2.13 |
Change
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Mkt cap ! $2.847B | |||
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