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JustForFun7

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JustForFun7

Re: Lojiko post# 16398

Tuesday, 08/21/2012 2:34:44 PM

Tuesday, August 21, 2012 2:34:44 PM

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Loj

"Physical gold is currently down 14% from the same time 12 months ago. I had thought that would drive ETF investors to the miners, who are still making profits at these prices, but I haven't seen any evidence of that. "

gold down 14% and gold juniors down how much in the same time period?

I think the ETF holders made the right decision.



Endeaver taking over Avion. More industry consolidation to follow at these cheap prices. Hopefully this is a catalyst for other gold stock prices to increase. It used to be this way but nowadays? who knows. People are willing to pay up for the gems but the slugs don't get the same effect of "all ships rise on the rising tide" as they used to.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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