"At this point in time there is a massive disconnect between the HUI and the US$1660 price of gold, with the HUI being the same as when gold briefly hit US$1000 in early 2008!!
But the gold price is continuing to rise. As this rise accelerates, the profits of HUI stocks will soar. When you consider Americans are earning close to zero interest in their bank accounts and the Dow has gone nowhere this century, it won't take very much increased investment interest for the HUI stocks to explode on the back of sharply rising profits and dividends.
As investment interest picks up, rising to a crescendo, as it will in gold shares imo, then we will be in for one of the wildest stock market booms in our lifetimes with fortunes able to be made by canny investors who did not get shaken out of qualirty gold equities imo."
Truly perfect, brilliant, and most informing comment I've ever seen on HC.
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