SBGL +.03 to $9.89 Sibanye Gold has had a bit of a selloff after a stellar run this year. SBGL has doubled since early September with barely a blip. But after reaching a 52week high of 10.49 on 1/8/20, it sold off around .65. Still a great looking chart for 2019 and I think Sibanye has a big run coming. Gold operations in South Africa should ramp up in 2020 as the big strike has been settled for several months. In addition, Sibanye is the premier way to play the PGM market. Palladium is at record highs over $2000 and Platinum is looking for a big rebound. Platinum typically sells at a significant premium to gold due to it's relative scarcity. Eventually automakers should switch to platinum from the now twice as expensive palladium. It may take a couple of years for the reformulation of the catalytic converters and testing but it's inevitable that there will be a switch as long as the price difference is this great.
On another note, I found that as of the latest listing, SBGL is the largest single holding of GDXJ, the gold juniors etf.
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
