Yeh they say the gold shares have led the gold price down the whole way during this turnaround which is true but I wonder whether for explorers like GRY we may need the gold price to drag us all the way back up as opposed to explorers leading the gold price back up. The gold producers have rebounded nicely this week but not so the explorers. I still think this is dirt cheap at the moment, hence a buy.
turning point, page-12
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