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Venerability Comments (1936)
 
It's January which is generally a bad to blah month for Gold, demonstrating that Seasonality in the sector is Gone, Baby, Gone for a variety of reasons, with the fallout from the MF Global debacle and preparation for the full opening of PAGE in the spring foremost among them. Buzz that there will be a second LTRO in about two weeks doesn't hurt, either.

Those of us who are veterans in this sector would dearly love Silver to start outperforming Gold now, which is generally accompanied by the Miners outperforming the dastardly and artificial ETFs.

And any reliance on sentiment indicators goes totally out the window if there is a spate of new M&A in the sector, which seems highly likely after the surprise PAAS-MFN bid.
3 Feb, 06:51 PM Reply Like

hermanbrut Comments (118)
 
ANV will be next takeover target.
Assets too valuable. Shares too cheap.
And Nevada has a stable government that supports mining.
You heard it here first.
4 Feb, 02:55 AM Reply Like