Safe Haven Investments: Imminent Danger and Opportunities
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The government should buy SWC and PAL as a strategic investment to secure supply. close the mines, then we have Fort Knox north with PAL/PLAT stored. I think CN will start some sort of rescue or incentive plan for the mines to thwart the closings because it is going to crush these small mining towns if they all start closing. Maybe bridge loans at no interest or storage arrangements or something. But what will really probably happen is someone is going to buy up PAL and/or SWC for cheap. Would be petty cash for Gold Fields, Barrick, GG or someone.
Commodity Roundup: What To Be Bullish On Now [View article]
everytime PAL is under 4 it has rewarded me. added more recently. they stuck GFI with the Finland mine, makes sense to me, own GFI too, they can tuck that asset away or develop it if Russian output dries up or becomes embargoed. read PAL Annual Report, good little company for sure. Also own SWC, ZINC,CDE, NXG. Love these little safe country gems. NXG just added MORE reserves in AUS, blah blah blah. Just a lot of shorting going on now, Gold is STILL around 750, Copper $3.15 or so. Indian and Chinese will add to their personal holdings as consumers who know the Dollar is becoming worthless with all the bailouts. BUY!
Safe Haven Investments: Imminent Danger and Opportunities [View article]
But what will really probably happen is someone is going to buy up PAL and/or SWC for cheap. Would be petty cash for Gold Fields, Barrick, GG or someone.
Long both, buy!
Commodity Roundup: What To Be Bullish On Now [View article]
read PAL Annual Report, good little company for sure. Also own SWC, ZINC,CDE, NXG. Love these little safe country gems.
NXG just added MORE reserves in AUS, blah blah blah.
Just a lot of shorting going on now, Gold is STILL around 750, Copper $3.15 or so. Indian and Chinese will add to their personal holdings as consumers who know the Dollar is becoming worthless with all the bailouts. BUY!