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Monday, November 08, 2021 8:32:03 PM
No premium now attached to either.
Is the market missing anything? It suffers from recency principle, namely that gold has been in a rut for a year now, having gone from 1550 to 2050 and now back to 1800.........retracing.
For all that, AEM produces a lot more product than KL. A lot more.
If the next leg of the gold market kicks off, the deal won't look nearly as bad. When gold is at 2600 in a year from now, today's prices will seem for KL buyers that they got the best end of the stick.
I bought KL friday and today.
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